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.
1.	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.
2.	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.
3.	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.
4.	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%.
5.	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.
6.	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'.
7.	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 2009 Index of Economic Freedom, the Heritage Foundation ranks Hong Kong as the world's freest economy. In its 2009 Quality of Living survey, Mercer Human Resource Consulting ranks Singapore as having the best infrastructure of any city in the world. Asia real estate is also excellent value compared with more mature markets in Europe and other developed regions of the world.
8.	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..
9.	To support our clients' Asia real estate ambitions, Healy Consultants works with reliable real estate professionals and banks in Singapore, Hong Kong, Kuala Lumpur and Dubai.
10.	Individuals and entrepreneurs buying property in Asia are liable to pay tax on residential properties, regardless of their place or residence or citizenship.
11.	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:
12.	Our client outlines his Asia real estate ambitions, including preferred location, specifications and budget; Healy Consultants explains the legal and tax implications of Asia real estate purchase, including any restrictions on obtaining international mortgages; Healy Consultants introduces our client to a reputable Asia real estate agent, who shows our client properties matching his specifications; If necessary, Healy Consultants assists our client to obtain approval for Asia real estate purchase; Healy Consultants' solicitor prepares Offer to Purchase and Sales and Purchase documents on our client's behalf, in preparation for Asia real estate purchase; Healy Consultants arranges to pay stamp fees etc on our client's behalf in lieu of Asia real estate purchase; Healy Consultants approaches regional banks to obtain international mortgages on behalf of our client. Healy Consultants works with a number of internationally-recognised banks who offer competitive international mortgages; Healy Consultants arranges for an officer from several banks to outline their international mortgages, and we then make a recommendation to our client based on the best offer; Healy Consultants prepares an application for an international mortgage on behalf of our client; Healy Consultants submits the international mortgage application to the bank, along with supporting documents; On behalf of our client, Healy Consultants follows up with the bank on the international mortgage application and furnishes additional information, if required; Healy Consultants receives international mortgage approval on behalf of our client.
13.	Following Asia real estate purchase and obtaining an international mortgage, some clients request our assistance to obtain employment and residence visas.
14.	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
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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