{"id":27229,"date":"2016-09-26T12:22:41","date_gmt":"2016-09-26T05:22:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-factors-benefit-luxury-home-market-in-singapore\/"},"modified":"2016-09-26T12:28:39","modified_gmt":"2016-09-26T05:28:39","slug":"foreign-factors-benefit-luxury-home-market-in-singapore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-factors-benefit-luxury-home-market-in-singapore\/","title":{"rendered":"Foreign factors benefit luxury home market in Singapore"},"content":{"rendered":"


\nSingapore\u2019s luxury home market is thriving thanks to factors in other countries, such as stamp duties in the UK.
\nThe tax amnesty in Indonesia may not be the only thing driving sales in Singapore\u2019s luxury home market, reported Singapore Business Review, citing Jefferies.
\nAccording to the American global investment bank, the growth in transactions in the high-end residential sector can also be attributed to the morphing of businesses into investment hold companies or family offices.
\n\u201cCompanies which are not involved in real estate are closing down or merging because of various reasons, including lack of growth, cost pressures, thin margins due to competition, succession planning issues and \/ or outright bankruptcy,\u201d it said.
\n\u201cSuch business owners are partly investing the cash proceeds into investment property to seek rental income.\u201d
\nThe uptick in luxury home transactions can also be attributed to the introduction of stamp duties in the UK and Australia, as well as the concerns surrounding Brexit.
\n\u201cAs of (the) quarter ending March, Singapore had the weakest luxury market for seven consecutive quarters, according to Knight Frank. Combined with this, tax regimes have changed in other cities. For example, stamp duties have been introduced in London for second homes and application fees have been introduced for foreign property buyers in Australia,\u201d noted Jefferies.
\n\u201cThus the ABSD regime in Singapore is finding parallels in other places too, and Singapore is attracting some of the investment dollars.\u201d
\n\u00a0
\nCheryl Marie Tay, Senior Journalist\u00a0at PropertyGuru, edited this story. To contact her\u00a0about this or other stories, email cheryl@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Foreign factors benefit luxury home market in Singapore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore\u2019s luxury home market is thriving thanks to factors in other countries, such as stamp...<\/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-27229","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\/p75ss1-75b","jetpack-related-posts":[{"id":95477,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-luxury-home-market-will-bear-brunt-of-new-curbs\/","url_meta":{"origin":27229,"position":0},"title":"Singapore's luxury home market will bear brunt of new curbs","date":"August 6, 2018","format":false,"excerpt":"\r Patrick Foto\/Shutterstock Overseas property hunters may pull back. By Property Report Singapore\u2019s recently announced cooling measures\u00a0will have their biggest impact on luxury residential property seekers, a leading market observer told\u00a0Bloomberg.\u00a0 \u201cMore foreign buyers have been eyeing Singapore\u2019s luxury homes for the past year, but they may now take a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109010,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-buyers-lead-return-of-foreigners-in-singapores-luxury-homes\/","url_meta":{"origin":27229,"position":1},"title":"Chinese buyers lead return of foreigners in Singapore\u2019s luxury homes","date":"July 15, 2019","format":false,"excerpt":"\r Despite the cooling measures and hefty levies last year, data showed an unexpected rebound in the market as foreigners, especially Chinese buyers, are once again flocking into Singapore\u2019s luxury property market. Chinese buyers have recently dominated the prime residential markets, taking over from affluent tycoons from Indonesia and Malaysia.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-home-prices-see-marginal-rise-in-q3\/","url_meta":{"origin":27229,"position":2},"title":"Luxury home prices see marginal rise in Q3","date":"November 3, 2016","format":false,"excerpt":"\r Luxury homes here have seen only minimal price growth in the last quarter. Singapore\u2019s luxury home prices grew by only 0.5 percent quarter-on-quarter in Q3 2016, according to a JLL report. The city-state joins 17 other cities tracked by JLL, which saw their rate of price growth decline from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-market-to-benefit-from-brexit\/","url_meta":{"origin":27229,"position":3},"title":"Singapore property market to benefit from Brexit","date":"April 12, 2019","format":false,"excerpt":"\r This 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. A turning point in the United Kingdom\u2019s history, the Brexit referendum held in 2016 brought about far-reaching effects \u2013 they could even be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100743,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-the-worlds-hottest-luxury-property-market-while-vancouver-ranks-worst-says-knight-frank-global-index\/","url_meta":{"origin":27229,"position":4},"title":"Singapore the world\u2019s hottest luxury property market, while Vancouver ranks worst, says Knight Frank global index","date":"October 31, 2018","format":false,"excerpt":"\r Singapore\u2019s luxury home prices have surged to become the world\u2019s fastest appreciating market globally, overtaking Hong Kong where price growth has cooled such that it no longer ranks in the top dozen cities by price momentum, according to Knight Frank LLP. Hong Kong\u2019s luxury home prices rose 5.5 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28663,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/even-the-most-luxurious-homes-in-singapore-are-now-relatively-cheap\/","url_meta":{"origin":27229,"position":5},"title":"Even the most luxurious homes in Singapore are now relatively cheap","date":"October 5, 2016","format":false,"excerpt":"\r Still an upbeat investor sentiment in the city A water show in front of The Shopper at Marina Bay. Vietnamese Photographer \/ Shutterstock.com Properties at the upper echelons of Singapore\u2019s residential property market are now cheap and consequently investor-friendly, experts say. Compared with offerings in London, Hong Kong and\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\/27229"}],"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=27229"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27229\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=27229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=27229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=27229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}