| Singapore Real Estate Investment |
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Singapore real estate investment is a profitable asset for many international investors. However the adverse impact of the global financial market crisis and economic downturn means Singapore real estate investment remains vulnerable. The following information outlines factors for international investors to consider in regards to Singapore real estate investment:
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1.
| Healy Consultants assists clients with all facets of Singapore real estate investment across the residential and commercial sectors. From providing appropriate investment options to the property purchasing process, to overseeing the process of selling Singapore property, investors save time and money by using our firm.
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2.
| Evidence in favour of Singapore real estate investment is shown in the 2010 International Property Rights Index. The Physical Property Rights index is made up of three factors i) property rights protection, ii) registering property and iii) ease of loan access. Singapore is ranked 8th out of 115 countries globally and 1st out of 18 countries in this region.
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3.
| The Singapore Economic Development Board's (EDB) Global Investor Programme (GIP), enables foreign individuals to obtain Permanent Residence (PR) status if they invest a minimum of S$2.5 million (US$1.88 million) in a new business entity or expansion of an existing business operation or in a GIP-approved fund.
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| An appealing aspect of Singapore real estate investment is that there is no capital gains tax. Healy Consultants has in-house tax specialist to manage the tax and accountancy requirements of our clients.
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5.
| Foreign buyers accounted for approximately 26% of property purchases after the second quarter of 2008. Despite a restriction on property that includes land, foreigners can be involved in Singapore real estate investment. For landed property such as bungalows, semi-detached and terrace houses, approval is required from the Singapore Land Authority (SLA).
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| Foreigners can borrow up to 80% of the value of the property when undertaking Singapore real estate investment. Healy Consultants source and negotiate competitive international mortgages to for clients. International banks such as ANZ Bank, OCBC Bank and DBS Bank are used for obtaining property finance.
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7.
| Figures from the Urban Redevelopment Authority (URA), show prices of private residential, office, shop and industrial properties increased by 5.3%, 4.6% and 3.9% and 5.7% respectively in Q2 2010. Increases were also seen in the rental market with rentals for private residential, office shop and industrial properties increasing by 5.9%, 1.1%, 0.5% and 1.3% respectively.
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| Healy Consultants will develop market analysis related to the property cycles, property trends, current market sentiment, interest rate and currency movements and their likely impact on Singapore real estate investment. The Singapore Economic Development Board (EDB), Urban Redevelopment Authority (URA), Land Transport Authority (LTA) and the Monetary Authority of Singapore (MAS) are used as reputable sources for reference.
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| The Mercer 2010 Quality of Living Survey supports the strengths of Singapore real estate investment. In the survey, Singapore was ranked the 28th for its quality of living standards. It's the highest ranking Asian city in the survey. As the leading market in the region for personal safety and it’s high quality of living standards, Singapore has all the key characteristics to attract investors.
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10.
| Comprehensive property management services are of immense benefit to clients involved in Singapore real estate investment. Healy Consultants efficiently project manages requirements including property maintenance and refurbishments, arranging appropriate property insurance, finding tenants, arranging effective property security and ad hoc problem solving.
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11.
| At the end of Q2 2010, there were 61,831 private residential units either already under construction or having been given planning approval but not yet started. Of these, 32,630 units were unsold and 37,910 were expected to be complete by 2013.
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| As one of the most attractive cities to live in Asia, Singapore real estate investment is popular among global investors. Mercer Human Resource Consulting rates Singapore as the world's 28th most livable country in its 2010 Quality of Living Survey. To support real estate investment, Healy Consultants offers relocation services including tours of local services, Singapore schools, supermarkets, transport etc. Under the same survey, Singapore want ranked number one as the city was the best infrastructure in the world.
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13.
| The total number of new homes sold in Q2 2009 exceeded the total number of new homes sold in the entire year 2008. URA data showed that 4,654 new homes were sold in the second quarter, compared to 4,264 sold for the whole of 2008.Sales momentum in the secondary market was also remarkable. A total of 3,059 homes were transacted in the resale market, nearly three times the 1,144 units in Q1 2009. Similarly, 940 sub-sales were registered in Q2 2009 compared to 412 units in Q1 2009. However the buying frenzy seen
in the earlier quarters of 2009 tapered off in the fourth quarter, with sales plummeting 66.0% QoQ to a four-quarter low. | |||
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| In the residential leasing market, activity is expected to pick up in 2010 in line with the expected rise in number of expatriates, as more firms consider reactivating hiring plans amid the improving business climate and confidence. This will help to support the rental market for private homes, with rents potentially registering a growth of 5% to 10% during the year.
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| Contact Us | ||||
For more information on Singapore real estate investment, call our Singapore office at (+65) 67350120 or contact email@healyconsultants.com
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