{"id":105995,"date":"2019-04-12T11:03:31","date_gmt":"2019-04-12T04:03:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-market-to-benefit-from-brexit\/"},"modified":"2019-04-12T11:03:55","modified_gmt":"2019-04-12T04:03:55","slug":"singapore-property-market-to-benefit-from-brexit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-market-to-benefit-from-brexit\/","title":{"rendered":"Singapore property market to benefit from Brexit"},"content":{"rendered":"


\nThis comes as the prospect of Brexit has cast a negative impact on the London property market\u2019s status as a safe haven investment for overseas buyers.
\nA turning point in the United Kingdom\u2019s history, the Brexit referendum held in 2016 brought about far-reaching effects \u2013 they could even be felt here in Singapore, according to a blog post by OrangeTee.
\nThis comes as the prospect of Brexit has cast a negative impact on the London property market\u2019s status as a safe haven investment for overseas buyers, while boosting that of Singapore.
\nSEE ALSO: Step-By-Step Guide For Buying Property In Singapore As A Foreigner
\nThe British Property Federation publication Who Buys New Homes In London And Why? showed that 49 percent of prime central London properties are purchased by foreign buyers.
\n\u201cBut the prospect of Brexit has dampened demand from this segment.\u201d
\nUK real estate prices saw house prices increase by just 0.1 percent year-on-year in January, the slowest in six years, and only rose only by 0.4 percent in February.
\nOrangeTee noted that falling prices and a drop in the number of sales transactions \u201cis a clear indication that foreign buyers are moving away. Or, at best, they are adopting a \u201cwait and watch attitude\u201d.
\nAnd with Singapore\u2019s property market being a favourite of foreign buyers for many years, London\u2019s loss could turn into Singapore\u2019s gain.
\nOrangeTee said there are various factors that make a real estate investment in Singapore an attractive proposition for overseas buyers. These include the city-state\u2019s stable economy, strong governance and rule of law, world-class infrastructure and strong demand for real estate.
\nMoreover, Singapore\u2019s Property Price Index showed that prices of private homes have remained relatively flat over the last three quarters of 2018, before dropping by 0.9 percent in the first quarter of 2019.
\nLuxury home prices declined by an even bigger percentage, with the Urban Redevelopment Authority reporting that prices of non-landed private homes within the Core Central Region fell by 2.9 percent in Q1 2019.
\n\u201cConditions in the real estate market in Singapore are just right for overseas buyers. Prices are down, and a purchase made at current valuations offers the likelihood of gains.\u201d
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore property market to benefit from Brexit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This comes as the prospect of Brexit has cast a negative impact on the London...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105995","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rzB","jetpack-related-posts":[{"id":18172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/londons-lincolns-inn-apartments-are-an-uphill-challenge\/","url_meta":{"origin":105995,"position":0},"title":"London's Lincoln's Inn apartments are an uphill challenge","date":"June 30, 2016","format":false,"excerpt":"\r With the UK's Brexit vote still playing havoc with the markets, the prospect of selling high-end London flats to wealthy Arabian Gulf investors is a much tougher prospect.This is a challenge Charlie Walsh, a sales director at the Indian developer Lodha, faces. 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Crest Nicholson London revealed to the post that it closed more transactions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-keep-buying-london-property-despite-brexit\/","url_meta":{"origin":105995,"position":3},"title":"Chinese keep buying London property despite Brexit","date":"December 29, 2016","format":false,"excerpt":"\r Overseas investment is down but Hong Kong and mainland buyers are less pessimistic\r \r Source : ft.com\r Read more...Chinese keep buying London property despite Brexit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18132,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-bank-suspends-london-loans\/","url_meta":{"origin":105995,"position":4},"title":"Singapore bank suspends London loans","date":"June 30, 2016","format":false,"excerpt":"\r United Overseas Bank cautious of London real estate after Brexit vote\r \r Source : ft.com\r Read more...Singapore bank suspends London loans","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112827,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-turn-to-brexit-britain-as-a-haven\/","url_meta":{"origin":105995,"position":5},"title":"Hongkongers turn to Brexit Britain as a haven","date":"December 3, 2019","format":false,"excerpt":"\r Buyers home in on London property amid turmoil and uncertainty at home\r \r Source : ft.com\r Read more...Hongkongers turn to Brexit Britain as a haven","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105995"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105995"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105995\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}