{"id":41178,"date":"2017-01-19T17:01:32","date_gmt":"2017-01-19T10:01:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-loss-in-overseas-buyers-may-be-singapores-gain\/"},"modified":"2017-01-19T17:03:58","modified_gmt":"2017-01-19T10:03:58","slug":"hong-kongs-loss-in-overseas-buyers-may-be-singapores-gain","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-loss-in-overseas-buyers-may-be-singapores-gain\/","title":{"rendered":"Hong Kong\u2019s loss in overseas buyers may be Singapore\u2019s gain"},"content":{"rendered":"


\nThe rival financial hubs will slug it out for overseas buyers
\nSingapore CBD. anekoho\/Shutterstock
\nHong Kong\u2019s decision to impose a stamp duty on foreign home buyers could push away those investors into the sagging, cheaper property market in\u00a0Singapore, according to analysts at Cushman & Wakefield Inc.
\n\u201cThe fallout from the stamp duty could be beneficial for Singapore,\u201d Sigrid Zialcita, managing director for Asia Pacific research at Cushman & Wakefield, told Bloomberg. \u201cSingapore is always seen as a place where you can preserve capital and we are expecting interest from foreign nationals to come back.\u201d
\nBoth cities have levied stamp duty hikes on foreign buyers. Hong Kong increased its stamp duty to 30 percent for foreigners, 15 percent for all non-first-time buyers in November. In Singapore, where residential property values have diminished by 11 percent since 2013, the additional buyer\u2019s stamp duty stands at 18 percent.
\nMore: This bid for the Singapore-Malaysia HSR line looks promising
\nAnalysts believe overseas buyers will be crucial in mitigating the decline in Singapore home prices. Capital flight continues to leak from mainland China and into Hong Kong as Chinese investors flee the depreciating yuan.
\nShould Singapore attract enough overseas buyers, the city-state could limit the decline in its property values to about 1.5 percent this year, according to a Bloomberg survey.
\nThe Singapore home market could even be approaching its trough, with prices expected to soften by as much as 2 percent, according to Desmond Sim, CBRE\u2019s head of research for Singapore and Southeast Asia.
\nRead next: Singapore developers have their creative marketing hats on
\n
\nSource : property-report.com
\nRead more…Hong Kong\u2019s loss in overseas buyers may be Singapore\u2019s gain<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The rival financial hubs will slug it out for overseas buyers Singapore CBD. anekoho\/Shutterstock Hong...<\/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-41178","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-aIa","jetpack-related-posts":[{"id":41248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-to-benefit-from-hong-kong-tax-hike\/","url_meta":{"origin":41178,"position":0},"title":"Singapore to benefit from Hong Kong tax hike","date":"January 20, 2017","format":false,"excerpt":"\r Lower stamp duties in Singapore has made the city-state more attractive for Chinese investors. \u00a0 Singapore may benefit from Hong Kong\u2019s recent increase in stamp duty for overseas property buyers, reported Bloomberg. According to Cushman & Wakefield, Singapore\u2019s three-year slump in house prices could end this year as foreign\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64954,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-demand-muted-due-to-strict-stamp-duty-strong-sing-dollar\/","url_meta":{"origin":41178,"position":1},"title":"Foreign demand muted due to strict stamp duty, strong Sing dollar","date":"August 30, 2017","format":false,"excerpt":"\r The proportion of foreign property buyers in Singapore remains low, data shows. With the Additional Buyer\u2019s Stamp Duty (ABSD) and strengthening Singapore dollar, foreign demand for homes in Singapore remained muted even as private home sales soared 50 percent year-on-year during the first seven months of 2017, reported TODAYonline.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83825,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-demand-returning-to-singapore-property\/","url_meta":{"origin":41178,"position":2},"title":"Foreign demand returning to Singapore property","date":"March 27, 2018","format":false,"excerpt":"\r Aerial view of luxury properties in Keppel Bay. The surprisingly strong sales momentum witnessed at the recent launch of New Futura, in which foreigners accounted for close to 60 percent of the 48 units sold, indicates that foreign demand is returning to Singapore, reported Singapore Business Review citing DBS\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95477,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-luxury-home-market-will-bear-brunt-of-new-curbs\/","url_meta":{"origin":41178,"position":3},"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":80685,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-stamp-duty-hike-to-boost-government-coffers\/","url_meta":{"origin":41178,"position":4},"title":"Buyer\u2019s stamp duty hike to boost government coffers","date":"February 22, 2018","format":false,"excerpt":"\r Analysts noted that the extra revenue will come from the sale of ultra-luxurious properties priced above $5 million. While the recently announced higher buyer\u2019s stamp duty is not expected to put off home buyers, the hike will mean additional revenue for the government to pay for growing expenditure in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166976,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-to-rise-in-2026-on-the-back-of-mainland-chinese-buyers-rate-cut\/","url_meta":{"origin":41178,"position":5},"title":"Hong Kong home prices to rise in 2026 on the back of mainland Chinese buyers, rate cut","date":"December 10, 2025","format":false,"excerpt":"\r Hong Kong home prices are likely to see up to a 5 per cent boost in 2026 on the back of mainland Chinese buyers, interest rate cuts and fewer unsold new flats, according to analysts. In addition, the stamp duty adjustment and Hong Kong\u2019s resurgent stock market were also\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\/41178"}],"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=41178"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41178\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=41178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=41178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=41178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}