{"id":112330,"date":"2019-11-13T11:19:59","date_gmt":"2019-11-13T04:19:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-overtakes-hong-kong-in-terms-of-property-investment-prospects\/"},"modified":"2019-11-13T12:03:14","modified_gmt":"2019-11-13T05:03:14","slug":"singapore-overtakes-hong-kong-in-terms-of-property-investment-prospects","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-overtakes-hong-kong-in-terms-of-property-investment-prospects\/","title":{"rendered":"Singapore overtakes Hong Kong in terms of property investment prospects"},"content":{"rendered":"


\nSingapore now has the best investment prospects in the Asia Pacific region, benefiting from the unrest in Hong Kong.\u00a0
\nThe fortunes of Singapore and Hong Kong \u2013 two of Asia\u2019s hottest property markets \u2013 are going in different directions, reported Bloomberg citing Urban Land Institute and PricewaterhouseCoopers LLP.
\nSingapore now claims the top spot for real estate investment prospects regarding price increases in 2020. Hong Kong, rocked by months of violent political protests, has fallen from 14th place to the bottom of the pile in 2019.
\nHong Kong\u2019s drop to the least-favoured destination for real estate investment next year is due to its retail and tourism sectors taking a beating, affecting economic growth.
\nThe city-state has benefited from a surge in interest among investors who are steering clear of Hong Kong and China, which are viewed as \u201cgeopolitical flashpoints\u201d.
\nFor the past few quarters, apartment prices in Singapore have rebounded, showing resilience in the residential market, with the office sector mostly absorbing the oversupply.
\nHong Kong\u2019s problems bode well for Singapore, at least for a little while, according to Urban Land Institute CEO Ed Walter.
\n\u201cA lot of theory in investing is less about what was, versus what is or what is going to be,\u201d he added.
\nSingapore also saw a rise in property transactions in the first half, with majority of the activities driven by cross-border capital. Deals amounted to $4.9 billion (S$6.6 billion) in the period, a 73% year-on-year growth.
\nWalter described Hong Kong as having a \u201cvery resilient market\u201d, backed by its high property prices. He believes that after the protests, sectors such as retail can recover quickly.
\n\u201cThe bigger issue is what happens from a political perspective and what does that signal about Hong Kong\u2019s place as a financial centre,\u201d he said.
\nSingapore placed second-to-last among 22 centres as recently as 2017, overtaken by cities such as Sydney, Tokyo and Bangalore as vacancies rose and rents dropped. In 2017, Hong Kong placed 18th.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore overtakes Hong Kong in terms of property investment prospects<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore now has the best investment prospects in the Asia Pacific region, benefiting from the...<\/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-112330","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-tdM","jetpack-related-posts":[{"id":79368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-emerges-as-favoured-investment-destination-for-chinas-super-rich\/","url_meta":{"origin":112330,"position":0},"title":"S\u2019pore emerges as favoured investment destination for China\u2019s super-rich","date":"February 8, 2018","format":false,"excerpt":"\r Singapore is gaining popularity amongst wealthy Chinese investors because of its world-class health facilities and international schools, while Mandarin is among its four official languages. While Hong Kong continues to be the primary destination for China\u2019s offshore money, more Chinese high-net-worth individuals (HNWIs) are looking at Singapore as a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-rises-in-property-market-transparency-rankings-but-trails-singapore-and-japan\/","url_meta":{"origin":112330,"position":1},"title":"Hong Kong rises in property market transparency rankings, but trails Singapore and Japan","date":"September 24, 2026","format":false,"excerpt":"\r Hong Kong has climbed one place in a list of the world\u2019s most transparent real estate markets by property consultancy JLL and subsidiary LaSalle Investment Management, though it still trails regional peers Singapore and Japan in the rankings. The city secured 14th place in the latest edition of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116337,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-singapore-lead-biggest-pullback-in-asia-pacific-commercial-real-estate-deals-since-2008-financial-crisis\/","url_meta":{"origin":112330,"position":2},"title":"Hong Kong, Singapore lead biggest pullback in Asia-Pacific commercial real-estate deals since 2008 financial crisis","date":"May 14, 2020","format":false,"excerpt":"\r A slump in investment in Hong Kong and Singapore commercial property has contributed to the biggest pullback in a decade across Asia-Pacific, suggesting investors are conserving cash to ride out the coronavirus pandemic.Investment fell by 50 per cent to US$21.3 billion last quarter from a year earlier, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/commercial-property-hong-kong-singapore-only-bright-spots-as-rising-interest-rates-kill-off-deals-across-asia-pacific\/","url_meta":{"origin":112330,"position":3},"title":"Commercial property: Hong Kong, Singapore only bright spots as rising interest rates kill off deals across Asia-Pacific","date":"May 12, 2023","format":false,"excerpt":"\r Commercial real estate deals in the rival business hubs grew in the first quarter, defying a regional rout in investment as rising financing costs sidelined potential buyers, according to financial data company MSCI.\r \r Source : South China Morning Post\r Read more...Commercial property: Hong Kong, Singapore only bright spots\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72493,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-dominates-asian-property-investment-in-first-half\/","url_meta":{"origin":112330,"position":4},"title":"Hong Kong dominates Asian property investment in first half","date":"November 22, 2017","format":false,"excerpt":"\r Hong Kong attracted the most property investment in Asia in the first half of 2017, according to a latest annual property report from PwC. The city took the top investment spot with real estate sales reaching US$8,269 million, a 5 per cent year over year increase, ahead of Tokyo\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36238,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-a-philippine-island-be-the-next-singapore-or-hong-kong\/","url_meta":{"origin":112330,"position":5},"title":"Could a Philippine island be the next Singapore or Hong Kong?","date":"November 28, 2016","format":false,"excerpt":"\r Qatar real estate firm has big plans for the Philippines Aerial view of tropical islands near Palawan, Philippines. Ekaterina Pokrovsky\/Shutterstock With white sandy coasts that seem to stretch on forever, and an unbeatable trove of natural resources, the Philippines has been a puzzle to economists: Why aren\u2019t any of\u2026","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\/112330"}],"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=112330"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112330\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}