{"id":43287,"date":"2017-02-08T07:30:06","date_gmt":"2017-02-08T00:30:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/wooing-chinese-investors\/"},"modified":"2017-02-08T07:53:17","modified_gmt":"2017-02-08T00:53:17","slug":"wooing-chinese-investors","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wooing-chinese-investors\/","title":{"rendered":"Wooing Chinese investors"},"content":{"rendered":"


\nView of luxury apartments along Singapore\u2019s coastline.
\nSingapore continues to attract mainland Chinese property investors with its greater affordability, world-class education system and lifestyle offerings. At the same time, more foreigners are now looking for investment opportunities in the world\u2019s second largest economy. \u00a0\u00a0\u00a0
\nDespite the tough cooling measures put in place to curb speculation and foreign demand, mainland Chinese buyers continue to have an insatiable appetite for Singapore residential property, revealed experts.
\nAnalysis of pageviews between January to June 2016 on Juwai.com showed that China remains their most preferred location when searching for property at 82.8 percent, but Singapore is their top overseas destination at 9.4 percent, followed by the US and Hong Kong at 1.2 percent each.
\nData from the Chinese international property portal also revealed that the number of enquiries for Singapore properties surged by almost 99 percent from Q4 2015 to Q1 2016, translating to a total enquiry value of US$692.6 million. Further information showed that the median enquiry price was about US$633,000.
\nCentral location versus resort feel
\nInterestingly, most of the enquiries focused on the residential estate of Pasir Ris, which is known for its laid-back resort feel. This was followed by the mature towns of Serangoon and Toa Payoh, which are centrally located and close to numerous amenities such as shopping malls, established schools and major transport nodes.
\nSeparately, a report published by Edmund Tie and Co. showed that most of the purchasing activity by mainland Chinese centred on District 22 (Boon Lay, Lakeside, Jurong) and District 5 (Clementi, Dover, Pasir Panjang, West Coast).
\nThis could be due to future plans to develop infrastructure projects in the west, including a second Central Business District in the Jurong Lake District, the Kuala Lumpur-Singapore High Speed Rail terminus in Jurong East, and a 600ha innovation district in Jurong West.
\nWhat makes them buy?
\nExperts noted that there are three main reasons for why Chinese investors continue to park their money in Singapore. These include:
\nEducation
\nMajority of the enquiries on Juwai.com (66.3 percent) were driven by the motivation to educate their children in the city-state. Singapore\u2019s proximity to China, its world-class education system and cultural similarities makes it a popular destination for Chinese students.
\nTourism
\nThe number of mainland Chinese visitors to Singapore surged by 32 percent in 2016 from the previous year due to improved flight connectivity between Singapore and second-tier Chinese cities, noted JLL. The development of major new attractions in recent years, such as two integrated resorts (Marina Bay Sands and Resorts World Sentosa) and Gardens by the Bay, have also helped to boost Chinese tourist arrivals, Singapore\u2019s second largest market.
\nAffordability
\nLuxury home prices in Singapore have fallen by around 20 percent in the last three years, bottoming out in 2016, according to JLL. However, prime residential prices in other global cities like London, New York and Hong Kong have continued to rise in the last five years. The property consultancy noted that prices in Hong Kong are 130 percent higher than Singapore, while prices in New York are now 62 percent higher.
\nInvesting in China
\nWhile Singapore is seen as a safe haven for Chinese investors, a growing number of Singaporeans and other nationalities are looking to invest in China. According to David Ji, Head of Research and Consultancy for Greater China at Knight Frank, there are vast investment opportunities in the world\u2019s second largest economy, which is still growing at a healthy pace.
\nHe noted that China\u2019s GDP target was lowered to 6.5 percent from seven percent by the central government, but this growth easily outpaces other major economies. \u201cChina is a developing country with huge growth potential in multiple industries, including manufacturing, natural resources and high-tech,\u201d said Ji.
\nAs such, most investors are snapping up commercial properties (office and retail spaces), but there is also demand for luxury residential projects. Ji noted that it is relatively easy for foreigners to purchase property in China as the process is similar to those for local buyers. Foreigners only need to provide proof of residency in China.
\nJoining forces to help home seekers
\nMeanwhile, PropertyGuru Group, Asia\u2019s leading online property group, has joined forces with Juwai.com to help overseas investors find the right investment in China. This partnership will also provide options to Chinese investors looking for property in Southeast Asia, including Singapore.
\nJuwai sees about two million Chinese consumers from around the world visiting its website each month. Ranked as the number one real estate portal by Chinese internet ranking firm CNZZ, it has 2.5 million property listings from 89 countries displayed on its site and mobile app.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Wooing Chinese investors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of luxury apartments along Singapore\u2019s coastline. Singapore continues to attract mainland Chinese property investors...<\/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-43287","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-bgb","jetpack-related-posts":[{"id":8718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singaporean-homes-still-a-hit-among-chinese-buyers\/","url_meta":{"origin":43287,"position":0},"title":"Singaporean homes still a hit among Chinese buyers","date":"March 21, 2016","format":false,"excerpt":"\r Things might have slowed down a bit, but overall it\u2019s better than 2008 Mainland Chinese and Malaysian buyers formed 54 percent of foreign home purchases in 2015 Despite facing weaker currencies and slowing economies, mainland Chinese and Malaysians remain the top foreign buyers of Singapore property, revealed DTZ. Together,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119279,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-buyers-sharpen-focus-on-portugal-and-singapore-shun-four-spots-troubled-by-geopolitical-risks\/","url_meta":{"origin":43287,"position":1},"title":"Chinese property buyers sharpen focus on Portugal and Singapore, shun four spots troubled by geopolitical risks","date":"November 19, 2020","format":false,"excerpt":"\r \ufeffProperty investors from mainland China are sharpening their focus on Portugal and Singapore as alternative investment locations, while shifting more money out of traditional markets like the US and Australia and Britain amid concerns about fraying trade relations.While the Covid-19 pandemic has tempered overseas trips, it has not deterred\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-emerges-as-favoured-investment-destination-for-chinas-super-rich\/","url_meta":{"origin":43287,"position":2},"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":172688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-malaysia-offers-chinese-investors-singapores-comfort-at-prices-lower-than-thailand\/","url_meta":{"origin":43287,"position":3},"title":"How Malaysia offers Chinese investors Singapore\u2019s comfort at prices lower than Thailand","date":"October 4, 2026","format":false,"excerpt":"\r Malaysia is proving to be a middle ground for many Hong Kong and mainland Chinese investors looking to buy property in a country that provides the stability Singapore offers, but with competitive price points similar to those found in Thailand, according to analysts. Data from Juwai IQI, a property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116653,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-among-favourite-destinations-for-chinese-property-buyers\/","url_meta":{"origin":43287,"position":4},"title":"Singapore among favourite destinations for Chinese property buyers","date":"May 26, 2020","format":false,"excerpt":"\r To guard their wealth against the weakening yuan and the anticipated inflation, wealthy Chinese investors are turning to luxury real estate, with Singapore as one of their favourite destinations. And given the rise of online platforms, photos and virtual tours have been enough to close multi-million dollar deals with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-to-benefit-from-hong-kong-tax-hike\/","url_meta":{"origin":43287,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43287"}],"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=43287"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43287\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}