according to the sebang ellis to provide the data show, nearly 15 months, 30% of singapore's mansion was bought by chinese people, from chinese buyers has more than buyers of indonesia and malaysia, become a luxury of singapore's first foreign buyer.
this is due to the limited impact the purchase of make policy, the domestic rich at home buyers is limited, they turn sights on overseas markets, according to gao hong chi, director of the china region general manager dan leaves. singapore because it is a chinese dominated society, there is no language barriers, liberal immigration policies and credit policies to attract chinese buyers to come home.
chinese people into the largest foreign buyers in singapore
over the past two years, with the increase in demand for investment, immigration, study abroad, the overseas home become a hot topic. and after canada, australia, singapore has become a popular choice for chinese people overseas home.
according to sebang ellis private department executive director chen jindao pointed out, to the singapore home expatriates, the proportion of people in indonesia and malaysia of the original 50% share, but nearly 15 months, the chinese people in the proportion of the purchase of the new with the a larger increase, accounted for 30% of expatriates, jumped to singapore first luxury foreign buyers.
it is reported that singapore's most expensive mansion, the ritz carlton residences david land by the high development, the project in 2008 opened has sold into four, many of them buyers from mainland china. the project is the most expensive two penthouse huxing one set was from mainland chinese buyers bought 35 million in new money, or about 2 billion yuan rmb.
permanent property favored by the house
it is understood that the singapore government provides 80% of the population live in hdb, 20% affluent living in private homes. singapore hdb for the purchase of a nationality restrictions, but for a private residence, and no nationality restrictions, singapore's loose investment environment attracted buyers from mainland china to come home.
gao hong chi co., ltd. ceo chen guanjun when accepting a reporter to interview, said the ritz carlton residences most attract customers, there are two, one is a permanent property rights, a is the ritz carlton hotel brand.
it is reported that singapore's private residence divided into 99 year property and permanent property two, general newly developed area for 99 years of property right, and the ritz carlton residences are located in orchard road bustling business district and the traditional residential area is permanent property rights. in contrast, the permanent property will be more favored by buyers, for mainland chinese buyers is the case.
gao hong chi, director of the china region general manager ye dan also pointed out that the mainland china under limited purchasing order, many domestic regal choose singapore home, singapore because it is predominantly chinese society, no language barrier, and investment property can also be counted as investment immigration amount. in addition, singapore private home and no chinese mainland property advantages, such as singapore private home sales are set inside the area, sales area is take area, and all of them were refined decoration others, decoration was removed from the trouble.
is still the opportunity to invest in singapore luxury
it is understood that in recent years, the law of the development of the property market in singapore and the chinese property market is similar. affected by the financial crisis, the singapore property market fell to the bottom of the end of 2008, followed by a strong rebound, but today the singapore property market prices have not yet recovered to the highest level in 2007.
chen jindao said that the current real estate market in singapore, the average price of the sale price relative to the market in 2007, is still low about 10%, so for home buyers, the current is still a good time to invest in singapore luxury.
in addition, the purchase policy in singapore is quite relaxed, foreign buyers in singapore can also be paid only 2% of the shoufu, enjoy 80% of the loan, the credit policy support, and is greatly reduced the purchase threshold, and loan interest rate is also low, the only 0.8%. and singapore's rent is relatively high, the rental rate of return of about 2.5%-3%, the purchase of luxury rental investment is also more cost-effective.
however, it is worth noting that, in the face of strong demand for foreign buyers to purchase, the singapore government has also launched a series of policies to curb investment real estate, to avoid the price rise too fast. if the first year of the purchase transaction, to pay 16% of the transaction tax, the subsequent decline in 4% years, to fifth years of tax exemption.
according to the reporter, due to the strong purchasing power of buyers from mainland china, singapore developers such as the far east international, cade, gaohong is also optimistic about the chinese market, have come to china to sell the mansion, the focus for the beijing, shanghai, guangzhou such first tier cities to promote.
newspaper reporter yuan xiaolan
