Australia: Australia tops the listing, receiving 27.5% of all outbound residential property enquiries from Singapore. This vital share displays Australia’s recognition amongst Singaporean buyers, as a consequence of components equivalent to cultural ties, academic alternatives, a secure actual property market, way of life, and proximity. The town of Perth, on Australia’s West Coast, is simply 5 hours and 10 minutes by flight time from Singapore.
Singaporean consumers don’t discover Australia’s overseas purchaser restrictions too onerous. Offshore consumers are restricted to off-the-plan properties within the nation, however Singaporeans usually discover new 3 of 5 tasks essentially the most engaging product in the marketplace. And everlasting residents might buy on the identical phrases as an Australian citizen.
As a result of Singapore consumers are likely to have ample money, they’ve a bonus in a market like Australia the place mortgage charges are excessive. “Within the 2022-23 monetary yr, Singapore consumers acquired AU$300 million (US$199 million) of residential actual property in Australia. They purchased extra Australian residential property than did consumers from a lot bigger nations, together with India, Indonesia, the UK, and Malaysia.
Thailand: Thailand follows with 16.5%, indicating its attractiveness as a close-by funding vacation spot with probably excessive rental yields and a beneficial way of life enchantment. Thailand can be engaging as a result of costs are extraordinarily low in comparison with properties in Singapore. “In addition to Bangkok condos, vacation properties within the Thai resorts of Phuket and Pattaya are fashionable amongst Singaporeans due to the life-style they provide at reasonably priced costs. “Official knowledge means that overseas consumers within the first half of 2023 accounted for 11% of residential transactions, with consumers from Singapore becoming a member of others from mainland China, Hong Kong, Taiwan, Myanmar, and Japan.
Malaysia: Malaysia is the third hottest vacation spot for Singaporean consumers, accounting for 13.2% of their buying enquiries. Malaysia is an apparent selection for property consumers due to its proximity and financial ties to Singapore. “The brand new Singapore Fast Transit (RTS) mission that can shift 10,000 individuals an hour between the 2 nations is greater than half full and guarantees to extend the variety of Singaporeans dwelling the cross-border way of life, with first or second properties in Johor Bahru, 4 of 5 Malaysia, and jobs within the city-state. IQI, the company community that could be a member of Juwai IQI, noticed a 17% enhance in Singapore purchaser transactions in Johor Bahru within the first quarter of 2023, in comparison with the identical interval final yr. IQI believes the variety of folks dwelling cross-border may enhance by 50,000 by 2030.
Japan: Japan ranks fourth with Singaporean residential consumers and receives 12.6% of their international buying enquiries. It’s interesting as a consequence of its robust economic system, distinctive tradition, and potential for property worth appreciation. “The depreciation of the yen this yr has additionally attracted many institutional and particular person buyers in Singapore. From the resort business to the logistics hub, Singaporean buyers have invested closely in Japanese business actual property, making Singapore the most important overseas investor in Japanese actual property this yr.
United Kingdom: The UK, capturing 6.6% of enquiries, displays its standing as a major international monetary hub and a preferred vacation spot for training and way of life. “Like consumers in different Asian nations, many Singaporeans purchase within the UK to offer a residential base within the nation for his or her youngsters who’re learning there.
United States: Many Singaporean consumers discover that the worth of residences in Manhattan is about one-fifth cheaper on a per sq. foot foundation than in Singapore. As well as, there are not any restrictions on consumers from Singapore in the USA. “In Manhattan, Miller Samuel reviews the typical per sq. foot gross sales value within the third quarter of 2023 was US$1,622, equal to S$2,167. That compares to S$2586 in Singapore’s Core Central Area in Q2, in keeping with Juwai IQI’s Singapore associate, OrangeTee.
Vietnam: The turmoil in Vietnam’s property sector up to now yr or two has not fully deterred Singaporean consumers, who imagine that there are nonetheless funding alternatives in Vietnam’s property market. “Ho Chi Minh Metropolis and Hanoi are nonetheless among the many 10 most tasty locations for crossborder investments by Asia-Pacific consumers, in keeping with a survey. Singaporean consumers are among the many most energetic, together with consumers from Hong Kong, mainland China, the Republic of Korea, and Japan.
Cambodia: Singaporean property builders and buyers are additionally making their presence identified in high-end condominiums in Phnom Penh, Cambodia, which attracts Singaporean buyers with a excessive return on funding. Yields in Singapore itself are reasonably good by worldwide requirements, at 4.8% on common, however are considerably beneath the 6% to 7% common rental yield reported in Phnom Penh, Cambodia. 5 of 5 Indonesia: “The highest Singaporean purchaser locations in Indonesia are Jakarta and Bali. Most Singaporean consumers within the nation are buying second properties, adopted by funding purchases. The residential market in Jakarta stays challenged, with restricted value progress and a 12% fall in transactions within the second quarter.
