Asia Real Estate | International mortgages
Asia real estate is currently a buzzword among savvy international investors. The following information will help you make an informed decision on whether to enter the Asia real estate market, and how Healy Consultants can assist you to obtain international mortgages. |
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Most analysts believe now is a good time for Asia real estate purchase. The Global Property Guide says Asia real estate prices have been 'taking off', especially during the second quarter of 2007. |
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Leading the way in Asia real estate price growth is Singapore, which witnessed house price increases of 21.1% in the second quarter of 2007, up from 6.1% growth in the same quarter of 2006. Figures from the Urban Redevelopment Authority (URA) show that private home prices reached a 10-year high in the third quarter of 2007. |
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Analysts believe the Asia real estate boom is being driven by four main factors - increased liquidity, confidence in economic growth, healthy job markets and broad-based recoveries in property markets. |
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In addition to Singapore, Asia real estate prices have been showing strong growth in other countries. For example, in the Philippines, prices rose 14.3% in the second quarter of 2007, Hong Kong prices rose 8.8% and Japan was up 7.8%. |
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Some investors looking at Asia real estate purchase are looking at emerging markets such as Thailand and Malaysia. Private equity analysts and Thailand experts generally believe that the long-term outlook for investment in Thailand’s residential property market remains positive. The attraction of Asia real estate purchase in emerging markets is due in part to luxury resorts being developed targeting wealthy investors. |
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In its 2007 Malaysia Property Market Analysis, property analyst Amber Lamb reported 'enormous potential for growth' in Malaysia, with the commercial market potentially outstripping the residential in terms of instant attraction in 2007. It adds that an investor in residential Asia real estate 'needs to pick their properties carefully if they are to see any short term appreciation'. |
Asia real estate purchase is attractive because of the investment potential of Asia real estate and the lifestyle in the region. For example, in its 2007 Index of Economic Freedom, the Heritage Foundation ranks Hong Kong as the world's freest economy. In its 2007 Quality of Living survey, Mercer Human Resource Consulting ranks Singapore as the best place in the Asia Pacific in which to live. Asia real estate is also excellent value compared with more mature markets in Europe and other developed regions of the world. |
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Foreign investors are encouraged to purchase Asia real estate in some countries. For example, in Singapore, the government's Economic Development Board (EDB) offers permanent residence (PR) status to foreigners who invest S$1 million in residential property in Singapore, as part of its Global Investor Program.. |
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Individuals and entrepreneurs buying property in Asia are liable to pay tax on residential properties, regardless of their place or residence or citizenship. |
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Regional hubs such as Singapore and Hong Kong have sophisticated financial systems, making it easy to obtain international mortgages to support Asia real estate purchase. On behalf of our clients, Healy Consultants project manages the entire process of buying property in Asia and obtaining international mortgages, in the following way: |
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Following Asia real estate purchase and obtaining an international mortgage, some clients request our assistance to obtain employment and residence visas. |
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To support our clients' Asia real estate purchase strategy, Healy Consultants provides a comprehensive consulting service, including migration and relocation services, as well as familiarisation programmes. |
Contact Us |
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For more information on Asia real estate purchase or obtaining international mortgages, email email@healyconsultants.com or telephone us in Singapore at (+65) 6735 0120. |
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Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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