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News and Discussions in Asia

Developers luring Hong Kong's buyers with rebates, as a slowdown looms

by Investment Property News 19-December-2015

Developers in Hong Kong are feeling the pinch. A slowdown is slowly spreading into the Hong Kong residential property market. Many developers are offering rebates, discounts and other incentives to lure home buyers, including incentives like stamp-tax rebates and first and second mortgages.   Why?  Because the supply of housing stock has increased - while demand has fallen. A softening economy in mainland China hasn't helped, and restrictions imposed by Hong Kong's government hav...

Indonesia changes rules for luxury tax on apartments and houses

by Investment Property News 18-December-2015

Indonesia's luxury tax on apartments and houses will henceforth be based on value, instead of size, according to the latest ministerial decree.    The new regulation targets small but expensive apartments and houses that used to go untaxed, particularly in upscale neighbourhoods of Jakarta.  There are have also been reports that foreigners have been buying properties through proxies in large numbers, avoiding paying taxes. ...

Government cooling measures lead to Singapore housing market's worst performance in 13 years

by Investment Property News 02-December-2015

Weighed down by government cooling measures, residential property prices in Singapore have fallen 8.2% from their peak in September, 2013 – a decline in values for eight consecutive quarters, according to rating agency Fitch. It’s the residential property market’s worst performance in the past 13 years.   In the latest APAC SF Chart of the Month, Fitch says the biggest factor ...

Indonesia to allow foreigners to buy luxury apartments

by Investment Property News 30-July-2015

The Indonesian government is planning to give foreigners the right to own and trade apartments in Indonesia, under a new law likely to be introduced by year-end, Land Affairs and Spatial Planning Minister Ferry Mursyidan Baldan said recently.  Foreigners are currently barred from directly obtaining properties in Indonesia. Under the new law, foreign investments in apartments that cost at least Rp 5 billion (US$186,000) will be legitimate under the “right-to-use” category, though not...

Singapore's rents fall, as property prices stabilize

by Investment Property News 29-April-2015

Singapore tops the chart of the world’s most expensive cities, with high living and education costs and strict foreign labour policies. However, renters are heaving a sigh of relief as the country's rental housing markets cool.    Rents have fallen to their lowest level since 2011, due to stabilizing property prices and increasing inventory.   The first three months of this year saw a steep drop in rentals, causing them to p...

Vietnam to relax foreign property ownership rules, boosting overseas investment

by Investment Property News 13-April-2015

A change in policy is set to boost overseas investment in Vietnamese real estate. The new policy, effective from July 1, will allow foreigners with a valid residential visa, plus foreign companies and international organizations, to buy residential real estate in Vietnam.    Currently only foreigners married to Vietnamese are allowed to buy houses. Special permission to buy property is also granted to those consider...

Indian real estate attracts global attention

by Investment Property News 29-March-2015

The phenomenal growth in real estate investment in India is attracting global attention. With a whopping 140% increase in real estate investment to $5 billion in 2014, according to Cushman & Wakefield, India was among the world's top three countries for increased investment.    "Increased investment" is a slightly odd category.  Countries which topped the list, had mostly previously crashed. Serbia was No 1 with a 610% increase in real estate investments in 2014, B...

Hong Kong & Macau residents barred from buying properties in India

by Investment Property News 18-March-2015

India’s central bank has put Hong Kong and Macau on the list of countries whose residents are barred from buying property in India without prior consent. The decision reportedly aims at preventing Chinese nationals from buying Indian real estate through these independent enclaves.   Citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan are already prohibited from buying properties in India....

Chinese overseas property investment to total $20 billion in 2015

by Investment Property News 22-February-2015

Chinese investors are likely to buy $20 billion worth of properties overseas in 2015, up 21% year-on-year, forecasts Jones Lang LaSalle. Chinese overseas investment in real estate was nearly $16.5 billion in 2014, a 46% increase compared to the previous year. Apart from the domestic real estate buyers, property developers and insurers are behind this overseas buying spree, experts say.  ...

Indians want capital gains tax exemptions, when they buy overseas properties!

by Investment Property News 11-February-2015

Many Indians buying properties overseas are faced with a dilemma.   The government has increased the amount of money that Indians can remit overseas, prompting them to buy properties overseas in the past few months.   But at the same time, the government has scraped text exemption on capital gains reinvested in overseas properties.    Under the Liberalised Remittance Scheme (LRS) introduced l...

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