{"id":67060,"date":"2017-09-21T12:41:44","date_gmt":"2017-09-21T05:41:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-home-buying-up-20-this-year\/"},"modified":"2017-09-21T13:02:53","modified_gmt":"2017-09-21T06:02:53","slug":"foreign-home-buying-up-20-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-home-buying-up-20-this-year\/","title":{"rendered":"Foreign home buying up 20% this year"},"content":{"rendered":"


\nView of luxury apartments in Singapore.
\nUOB Kay Hian believes that home purchases by foreigners, which increased by up to 20 percent in the first nine months of 2017, still has room to grow.
\nThis comes as the figure accounted for only 22 percent of this year\u2019s private home sales volume, compared to 30 percent in 2007 and 32 percent in 2011.
\nSEE ALSO: Housing market on road to recovery, say experts
\nIn fact, foreign purchases only comprised 29 percent of the high-end market, way lower than the 41 percent registered in 2007.
\n\u201cThe return of foreign buying will benefit the mid- to high-end segment in particular, as they tend to favour the prime city centres, which sees higher demand for leasing,\u201d it said.
\nIt noted that foreign acquisitions tapered down, especially following the introduction of the Additional Buyer\u2019s Stamp Duty (ABSD) of 10 percent from December 2011 and 15 percent from January 2013.
\nBut as overseas markets \u201ccaught up with harsher property cooling measures to moderate housing prices and limit foreigners\u2019 participation, we expect buying to move up to the mid-high end segment, driven by foreign demand\u201d, said UOB Kay Hian in a note.
\n\u201cThe levelling of taxation costs overseas is building up the relative appeal of Singapore real estate to foreign investors,\u201d it added.
\nHong Kong raised its stamp duties on foreign property buyers to 30 percent in November 2016, surpassing Singapore\u2019s 15 percent.
\nTaipei, on the other hand, rolled out a punitive divestment gains tax of up to 45 percent in January 2016, eclipsing Singapore\u2019s 12 percent sellers stamp duty.
\nCanada and Australia have also increased the transaction costs for foreigners looking to acquire property.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Foreign home buying up 20% this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of luxury apartments in Singapore. UOB Kay Hian believes that home purchases by foreigners,...<\/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-67060","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-hrC","jetpack-related-posts":[{"id":140857,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-10-foreign-purchases-kpmg-reveals-multibillion-dollar-trades\/","url_meta":{"origin":67060,"position":0},"title":"Top 10 foreign purchases: KPMG reveals multibillion-dollar trades","date":"December 29, 2023","format":false,"excerpt":"\r Which countries are most active, what sectors are they buying in and what prices are paid?\r \r Source : nzherald.co.nz\/Property\r Read more...Top 10 foreign purchases: KPMG reveals multibillion-dollar trades","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-buying-of-us-homes-falls-14-as-chinese-remain-top-spenders-despite-state-curbs\/","url_meta":{"origin":67060,"position":1},"title":"Foreign buying of US homes falls 14% as Chinese remain top spenders despite state curbs","date":"July 31, 2026","format":false,"excerpt":"\r Foreign purchases of US homes fell to their second-lowest level on record between April last year and March, although Chinese buyers remained the largest spenders as they bought higher-priced properties primarily in California, a new report found. Chinese buyers, last year\u2019s top group, fell to third place in terms\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condo-purchases-by-foreigners-fell-sharply-in-q3\/","url_meta":{"origin":67060,"position":2},"title":"Condo purchases by foreigners fell sharply in Q3","date":"December 4, 2018","format":false,"excerpt":"\r Aerial view of luxury apartments in Singapore. Home purchases by foreigners here have fallen significantly after the government imposed a new round of property cooling measures on 6 July 2018, reported Singapore Business Review, citing a chart from Edmund Tie & Company (ET&Co). Amongst the major groups of foreign\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-foreign-investors-are-turning-their-back-on-japan\/","url_meta":{"origin":67060,"position":3},"title":"Why foreign investors are turning their back on Japan","date":"October 26, 2016","format":false,"excerpt":"\r Selling much more than they\u2019re buying Tsutenkaku tower in Osaka, Japan. Nattee Chalermtiragool \/ Shutterstock.com Foreign investors are shunning the expensive Japanese property market as real estate prices continue to rise. There were JPY595 billion (USD5.72 billion) more in property sales from foreign investors than purchases in the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-buyers-show-resilience-in-the-luxury-condo-market\/","url_meta":{"origin":67060,"position":4},"title":"Foreign buyers show resilience in the luxury condo market","date":"January 15, 2020","format":false,"excerpt":"\r While the cooling measures in 2018 have dampened demand for residential properties, foreigners who bought top-end condos are showing more resilience.\u00a0 The cooling measures implemented in July 2018 may have lowered general home-buying demand, but foreigners appear to have been more resilient towards high-end condos, reported The Business Times,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41252,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cea-slaps-property-agency-with-7500-fine\/","url_meta":{"origin":67060,"position":5},"title":"CEA slaps property agency with $7,500 fine","date":"January 20, 2017","format":false,"excerpt":"\r Property agency Square Yards Singapore was fined for failing to draw attention to the risks of overseas property investments. (Photo: CEA) Property agency Square Yards Singapore has been fined $7,500 by the Council for Estate Agencies (CEA) for failing to provide an investor with a written advisory on the\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\/67060"}],"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=67060"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67060\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=67060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=67060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=67060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}