Buying Property in Asia

Buying property in Asia is popular among international entrepreneurs looking to diversify their global assets. This page contains useful information about buying property in Asia, and how Healy Consultants assists clients to do so.
1.	Most analysts believe now is a good time for buying property in Asia. The Global Property Guide says Asia real estate prices have 'taken off', especially during the second quarter of 2007.
2.	International investors are attracted to buying property in Asia because it represents excellent value when compared with more mature markets in Europe and other developed economies.
3.	Furthermore, international business people are buying property in Asia because they are attracted to the economic opportunities 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 city infrastructure in the world.
4.	Buying property in Asia is made easier by the relaxing of restrictions on property purchase by foreign investors. In Singapore, for example, the Economic Development Board (EDB) offers permanent residence (PR) status to foreigners who invest S$1 million in property in the country.
5.	Investors buying property in Asia are especially interested in Singapore and Hong Kong. According to the Urban Redevelopment Authority (URA) residential property prices reached a 10-year high in the third quarter of 2007. Singapore property prices rose 21% in the second quarter of 2007 (6% growth in the same period of 2006). Prices in Hong Kong grew 9% in the second quarter of 2007.
6.	Regional hubs such as Singapore and Hong Kong have sophisticated financial systems, making it easy to obtain international mortgages to facilitate buying property in Asia.
7.	Many investors buying property in Asia are turning their attention to emerging markets such as the Philippines, where property prices rose 14.3% in the second quarter of 2007. Elsewhere, private equity analysts believe that the long-term outlook for investment in residential property in Thailand and Malaysia remains positive. The attraction of buying property in Asia in these emerging markets is due in part to luxury resorts being developed with high-income investors in mind.
8.	While there is enormous potential for growth in real estate investment within Asia, investors need to pick their properties carefully if they are to see any short term appreciation.
9.	Demand for buying property in Asia is caused by i) higher levels of liquidity in Asia ii) confidence in regional Asian economies iii) robust regional employment markets and iv) broad-based recoveries in Asian property markets.
10.	To assist our clients buying property in Asia, Healy Consultants works with reliable, professional real estate agents and banks in Singapore, Hong Kong, Kuala Lumpur and Dubai. On behalf of our clients, Healy Consultants project manages the entire process of buying property in Asia and obtaining international mortgages. Our clients do not even need to travel.
11.	Individuals and entrepreneurs buying property in Asia are liable to pay tax on residential properties, regardless of their place or residence or citizenship.
12.	After buying property in Asia, some clients request Healy Consultants' assistance to obtain employment and residence visas.
Contact Us
For more information on buying property in Asia, email email@healyconsulants.com or telephone us in Singapore at (+65) 6735 0120.
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