Amid the uncertainty of Brexit and the slowing real estate sector here in Singapore, emerging markets like Vietnam are a promising investment destination for Singapore’s property investors. The country is also becoming more popular among Singaporeans.
Against the backdrop of high property prices in Singapore, a hike in stamp duty, and loan limits on second homes, combined with tough rules restricting foreigners from buying homes, many Singapore-based property investors are looking at opportunities outside the island state, in search of solid capital appreciation and rental yield.
Indonesia conjures up idyllic memories of gorgeous villas and people relaxing around plunge pools surrounded by frangipani while eating mangosteen - all set against vistas of Balinese rice-terraces and white beaches.
In the 1960s, the Philippines was more advanced than Korea and large swathes of war ravaged Japan, but years of corruption and mismanagement took their toll on this beautiful archipelago and it became known as the ‘sick man of Southeast Asia.’
Today this once sleepy tiger is in the midst of cleaning up its act and is remembering how to roar.
Somewhat startling news came out of Singapore’s own PropertyGuru this January - and was rapidly followed up by this verenerable organ - a new report claims that Singapore private property prices are expected to drop between 6-8% in 2014.
The outlook is even worse for HDB (Housing Development Board) owners – with an expected 8-11 percent slide in HDB resale prices.
Less than a decade old, SIBOR- and SOR-linked home mortgages appeared in the Singapore's banking landscape only in 2007; after a series of complaints from frustrated borrowers over the erratic changes in the rates of their loans.
From Figure 1 and 2, we can see that the prices of both resale HDB flats and private residential properties have been steadily rising since the later half of the 2000s to reach new heights, not seen in the last 20 years or so.
Over dinner the other night some chaps at the other end of the table were discussing how clever they had been with their Singapore property investments, my end of the table was discussing the latest mall opening so I carried on nodding but turned my attention back to these savvy-investors...