Singapore News

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Why these are the top spots to buy property in Southeast Asia

Southeast Asia has emerged as a key asset location with superior long-term growth prospects, thanks to the region’s economic potential and pandemic management. KUALA LUMPUR, MALAYSIA. It manages to ooze exotic multi-ethnic appeal while offering the facilities, infrastructures, and comforts of a world-class modern metropolitan centre, having transitioned from a modest, thatched-roof tin-mining town in the mid-1800s to a well-connected high-tech city today. Internationally acclaimed restaurants coexist with hawker centres, and quaint old shophouses and ancient colonial structures provide a contrast to the gleaming towers and modern condominiums. BANGKOK, THAILAND. Bangkok sustains much of its originality and charm despite its

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Finance

Asian cities dominate GFCI 29

New York, London, and Shanghai maintain the top 3 spots followed by Hong Kong, Singapore, Beijing, Tokyo, and Shenzhen The world’s financial systems are starting to stabilise with vaccines being rolled out on a daily basis and things are going back to normal. The pandemic had a significant impact on financial markets and this is reflected in the latest Global Financial Centres Index (GFCI) where Asian cities dominated the rankings. Of the top 10 financial centres, only Frankfurt’s rating improved by 12 points, while the other hubs dipped in ratings. Overall, the index scores are lower compared to 2019, but the average

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Hong Kong News

JLL: APAC commercial property transaction volumes to improve by 15-20% in 2021

The pandemic accelerated industry trends and revealed an exciting ‘opportunity in obsolescence’ in Asia’s commercial property sector As we enter the second year since the coronavirus pandemic wreaked havoc in the world, we are now starting to see some positive light. Outlook for commercial property in Asia is improving as industries stabilise and growth areas prop up demand for office spaces. Traditional sectors like finance and service were hit hard by the coronavirus pandemic, but this may not be fully attributed to the virus. Talking to Bloomberg Markets Asia, JLL APAC CEO Anthony Couse said that the pandemic only accelerated

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News

Cooling measures likely as Singapore house prices continue to rise

The Urban Redevelopment Authority (URA), on 1 April, had released the data on rates of private homes in Singapore. It highlighted that the prices increased by 2.9% in the first quarter of 2021 when compared to Q4 of 2020. Before the real estate curbs were laid in July 2018, the property prices increased by 3.4% in the second quarter of that year. This year’s rise is said to be the sharpest quarterly surge since then. This estimate has been compiled by analysts based on the stamp duty payment transaction prices given in contracts. It also factors the data obtained from

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News

UK commercial properties attract Singapore investors anew

Singaporean property investors pivot to UK commercial properties amid rising house prices UK landlords have suffered major blows during the pandemic due to the government-imposed rent holiday implemented to protect tenants. One in seven tenants is currently behind on rent which leaves landlords in limbo. And with the new lockdown, the tenant eviction ban has been extended until spring. The rent holiday is not the only stressor for residential landlords. Rental prices in London have also declined as people move out of the city in favour of bigger, greener spaces in the suburbs. Factoring in the current rising house prices in the

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Hong Kong News

Asian buyers show strong investor appetite for London properties despite Brexit

With the latest reports suggesting that one in every 30 Londoners is COVID-19 positive, the situation seems to be getting dire. Mayor Sadiq Khan has even gone on record to say that the virus’s spread is “out of control” at a time when Britain has moved to the top of the European charts in the number of deaths category. Another problem weighing on London is the impact of Brexit on the city’s real estate markets. Despite Boris Johnson inking an 11th-hour agreement to avoid what seemed to be an imminent no-deal Brexit, many companies in the capital have already picked up their

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News

Investors scoop up luxury properties amid boom in branded real estate in Southeast Asia

Branded residential schemes are propping up the real estate sector across Southeast Asia as brand association boosts buyer confidence in construction quality and amenity offers Luxury hotel chains like Four Seasons and Ritz-Carlton promise five-star living for investors with capital to spare. There are currently 500 branded residential property schemes worldwide and Savills research shows this residential sector boasts a 170 per cent growth over 10 years. With 100 new schemes in the horizon, property gurus share an optimistic outlook despite the current recession brought on by the pandemic. Thailand, Vietnam, and the Philippines account for the majority of branded

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News

Mega housing projects and vaccine rollout fuel buying frenzy in Singapore’s property market

The Singapore property market registered a 350% revenue increase in the first two months of 2021, a positive marker of increasing consumer confidence A recent study by the real estate consultancy group Knight Frank suggests Singapore is among the most preferred destinations for Asian buyers. But the ground realities paint a mixed picture. Consumer confidence has improved as the Singapore property market witnessed a 350% revenue increase in the first two months of 2021. As the country prepares for a COVID-19 vaccination roll-out, the million-dollar price tags on Singapore’s houses have made a comeback. The year started with investors rushing to

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