{"id":41248,"date":"2017-01-20T10:38:38","date_gmt":"2017-01-20T03:38:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-to-benefit-from-hong-kong-tax-hike\/"},"modified":"2017-01-20T11:00:51","modified_gmt":"2017-01-20T04:00:51","slug":"singapore-to-benefit-from-hong-kong-tax-hike","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-to-benefit-from-hong-kong-tax-hike\/","title":{"rendered":"Singapore to benefit from Hong Kong tax hike"},"content":{"rendered":"


\nLower stamp duties in Singapore has made the city-state more attractive for Chinese investors. \u00a0
\nSingapore may benefit from Hong Kong\u2019s recent increase in stamp duty for overseas property buyers, reported Bloomberg.
\nAccording to Cushman & Wakefield, Singapore\u2019s three-year slump in house prices could end this year as foreign investors in Hong Kong are expected to divert their attention to Singapore instead.
\n\u201cThe fallout from the stamp duty could be beneficial for Singapore,\u201d said Sigrid Zialcita, Managing Director for Asia Pacific Research at Cushman & Wakefield.
\n\u201cSingapore is always seen as a place where you can preserve capital and we are expecting interest from foreign nationals to come back.\u201d
\nLast November, Hong Kong raised its stamp duty for overseas buyers to 30 percent, making Singapore\u2019s 18 percent rate more favourable, especially to mainland Chinese who are looking for overseas investments to protect them from a weakening yuan.
\nWith this, analysts expect property values in Singapore to dip by just 1.5 percent this year, while secondary home prices in Hong Kong are forecast to drop by eight percent.
\nDesmond Sim, CBRE\u2019s Research Head for Singapore and Southeast Asia, expects prices to stay flat or dip by up to two percent. Savills, on the other hand, has forecast a one percent increase in average home prices.
\nThe city-state has seen housing prices fall by 11 percent since 2013, when the government rolled out its strictest property cooling measures.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore to benefit from Hong Kong tax hike<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lower stamp duties in Singapore has made the city-state more attractive for Chinese investors. \u00a0...<\/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-41248","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-aJi","jetpack-related-posts":[{"id":41178,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-loss-in-overseas-buyers-may-be-singapores-gain\/","url_meta":{"origin":41248,"position":0},"title":"Hong Kong\u2019s loss in overseas buyers may be Singapore\u2019s gain","date":"January 19, 2017","format":false,"excerpt":"\r The rival financial hubs will slug it out for overseas buyers Singapore CBD. anekoho\/Shutterstock Hong 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. \u201cThe fallout from\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":41248,"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":110275,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-buyers-prefer-homes-in-malaysia-and-taiwan-over-singapore\/","url_meta":{"origin":41248,"position":2},"title":"Hong Kong Buyers Prefer Homes In Malaysia And Taiwan Over Singapore","date":"August 28, 2019","format":false,"excerpt":"\r As investors from protest-hit Hong Kong seek out new places to call home, it would appear that many have shunned Singapore due to its higher property prices. The city-state is particularly expensive when extra costs, such as additional buyer\u2019s stamp duty, are taken into consideration. Since July 2018, foreign\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cooling-measures-in-hong-kong-and-singapore-what-works-what-doesnt\/","url_meta":{"origin":41248,"position":3},"title":"Cooling measures in Hong Kong and Singapore: what works, what doesn't","date":"April 25, 2018","format":false,"excerpt":"\r \u00a0 Governments in the two rival cities have poured icy water on their overheating housing markets, with contrasting results. By Duncan Forgan It would be fair to say that Singapore\u2019s famously stringent cooling measures haven\u2019t always made those inside the country\u2019s real estate sector feel warm and fuzzy.\u00a0 But\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/04\/cool-run-ins-singapore-compressor.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":83825,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-demand-returning-to-singapore-property\/","url_meta":{"origin":41248,"position":4},"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":107097,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-investors-take-advantage-of-a-correction-in-singapores-property-prices\/","url_meta":{"origin":41248,"position":5},"title":"Hong Kong investors take advantage of a correction in Singapore\u2019s property prices","date":"May 14, 2019","format":false,"excerpt":"\r Hong Kong investors are renewing their interest in Singapore, betting property prices will recover in the second half of this year, according to property consultants.Just 29 homes were sold to Hong Kong buyers in 2018, some 42 per cent fewer than the previous year, after the Singaporean government introduced\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\/41248"}],"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=41248"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=41248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=41248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=41248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}