For those investing for inter-generational wealth transfer, the abundance of overseas properties with freehold tenure is a big draw. The spread of overseas property investment options is staggering. Locations range from Sydney to London to New York and many cities in between. The array of property types include the familiar segments such as residential, office and retail shops, and the somewhat exotic...
Two recent charges against local real estate firms promoting overseas residential investments have put the spotlight back on such risky purchases. A financial penalty was imposed on property agency Square Yards last month after it failed to to provide a written note to an investor telling him about the risks involved in a foreign purchase, according to a media release by the Council for Estate Agencies...
Singapore-based investors put in at least S$3.8 billion in overseas real estate markets despite a weaker global economy in Q3, according to data compiled by DTZ (SEA) Research. Of this, more than S$1.8 billion was invested in Australia and S$1.2 billion in the UK. In Singapore, private investment in office space also rose to S$828 million in Q3 2015 from S$465 million in Q2. Offices accounted for...
The Monetary Authority of Singapore (MAS) has warned about the potential risks of property oversupply overseas. Minister for Culture, Community and Youth Lawrence Wong said this in Parliament on Monday (May 11) in response to a question by MP Lee Bee Wah on how many Singaporeans are individual owners of properties in Iskandar Malaysia. Mr Wong was speaking on behalf of Deputy Prime Minister Mr...
Investing in an unfamiliar foreign market holds high risks, such as foreign currency fluctuations, property market trends, sovereign risks and interest rate risks, warned the Consumers Association of Singapore (CASE) in a media release on Monday (May 4). The association said that it received 13 complaints from consumers regarding their investment in foreign properties 2013 and 2014. It stated that most...
A strengthening Singapore dollar against regional currencies has made overseas properties more attractive for local investors. However, due to the year-end holiday season, market watchers said the full impact will not be seen until the new year. For now, popular investment options for Singaporeans - such as the Iskandar development in Malaysia - have not seen a marked increase in sales. This could also...
SIGNS of renewed confidence for global investors are very apparent today, after the global recession last year. Here are six markets that we would recommend to investors seeking to grow their property portfolio. Vietnam Vietnam's export economy and growing aspirational population makes it a strong market for growth potential. Also, demand for residential accommodation is outgrowing supply at a rapid...
S'poreans are putting their money in overseas property PROPERTY buyers are not just snapping up properties in Singapore but are also looking overseas, in yet another sign that property investments are still in vogue. Last weekend, marketing agents Top Leaders Realty and Jones Lang Lasalle launched private residential properties in Chennai and London, respectively. Both projects garnered relatively...
Bargain-hunting now comes with probability that prices could fall further PRIME properties in key cities such as London and New York have long been out of the price reach of most Singaporeans. However, the slide in prices and currencies caused by the global financial crisis has made such markets much more affordable for those who dare. Particularly attractive to potential Singapore investors are the...
INVESTORS here now have the opportunity to cash in on distressed properties in the United States. Yesterday, property investment group IP Global said it would be the first to offer such properties for sale, through its Singapore real estate partner Adhome Realty. The first development on the block is a downtown Los Angeles residential project at prices that are, on average, 30 per cent lower than before...
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