Japan: FREE Property Investment Talk: 16-17 November 2013

Title: FREE Property Seminar Talk: “Why Invest In Japan?” by Dato Eric Cheng Location: Hilton Hotel Singapore Lvl 5, (Malaysia Room) Date: 16th and 17th of November 2013, 2pm Time: 10am - 6pm More »

Thailand: Investing into Bangkok Condos – What to Expect

Investing in Bangkok real estate may seem a daunting and difficult task, but as can be seen from the below blog it can also be rewarding if the investments are made in the correct districts of Bangkok. A Bangkok property investment in a well located Bangkok condominium can yield both a high rental yield and a high yield in capital gains. More »

Thailand: Why Invest in Thailand?

Exotic Thailand is Asia’s top tourist destination and offers a world class tourist industry at affordable prices, making it a magnet for visitors, re-locators and property investors alike. In many key locations in Thailand, the local economy relies heavily on tourism and increased property investment in these locations is now good news for domestic economic growth and good capital returns. More »

Investment: Economic Factors In Thailand

The Economist confirms: “Ongoing concerns over political stability will continue to prevent any major improvement in consumer and investor sentiment in the next year or so. However, towards the latter part of the forecast period, there will be a shift back to stronger domestic demand growth, but real GDP growth will still be slow”. Export growth is also set to decline in the wake of the economic slowdown in important export destinations such as the USA. Thailand inflation hit 9.2 percent last month, its fastest pace since 1998. The Bank of Thailand raised interest rates for a second month in a row in order to fight inflation. More »

Bangkok condo prices continue to rise

Bangkok condominium prices are expected to continue their upward trend after new research revealed a 7.1 percent jump in average prices in the CBD during the first three months of this year. Knight Frank Thailand, in its latest report, noted that average condominium prices in the Thai capital’s CBD now stand at THB161,314 per sqm. Price rises in the suburbs also rose 11.8 percent where average prices now stand at THB60,286 per sqm. More »

Trans-Asian Railway Announced!

Twenty-eight countries in an intergovernmental meeting here are preparing to link 80,000km of railway lines to form a Trans-Asian Railway (TAR) network that will link all the countries between Kunming and Singapore More »

Thailand: Mixed Signals for Housing Market

The Thai price index for single detached houses dropped by 1.15% (-3.59% inflation-adjusted) during the year to end-Q2 2012, according to the Bank of Thailand (BOT), the country’s central bank. More »

Asia: Gross rental yields

The gross annual rental income, expressed as a percentage of property purchase price. This is what a landlord can expect as return on his investment before taxes, maintenance fees and other costs. The properties are 120-sq. m. apartments located in premier city centres. More »

Extraordinary FREEHOLD Strata Terraces launching soon in Siglap Area (Prices start from SGD$3.5x Million up) More »

Singapore: 7th Round of Property Cooling Measures Launched on 12 Jan 2013

The Government has just announced its seventh round of cooling measures. This affects properties acquired after 12 Jan 2013. Click for more details. More »

Location: Hilton Hotel Lvl 5, Malaysia Room Time: 10am - 6pm Bonus: FREE Property Seminar Talk by Dato Eric Cheng More »

 
ECG Regno Sereno-96168786 Invest In Japan_Shinjuku_Teaser

FREE Japan Property Investment Talk: 16-17 November 2013

ECG Property, proudly presents the launch of a FREEHOLD Condominium in Kita-Shinjuku, Japan, called REGNO-SERENO!

We are pleased to present such a strategically located condominium for the very first time in Singapore. This condominium is located in the middle of Shinjuku, one of the 5 most sought-after “ku” (districts) in Central Tokyo!

On this day we also have a FREE property seminar coupled with this launch, speaker will be none other than the renowned Property Investor and Group CEO of ECG Group of Companies, Dato’ Eric Cheng:

Event: FREE Property Seminar Talk: “Why Invest In Japan?”

Location: Hilton Hotel Lvl 5, Malaysia Room (581 Orchard Road (S) 238883)

Date:  16th and 17th of November 2013, 2pm

Speaker: Dato’ Eric Cheng,
Author of the Best-Selling Book “Get Rich Through Property Investment in Asia”
Group CEO, ECG Group of Companies

Come down to learn more about the Upside of Investment in Japan and why it would be one of the key investment places in the next 20 years.

You may R.S.V.P. by calling / sending text to 9616-8786 or email joshuakoh@ecgproperty.com with your name and contact.

For more information on this project, check out: http://www.japanhome.org/

Yours Sincerely,

Joshua Koh 许平安 | B.Eng. Computer Engineering (NTU)
Senior District Consultant
License No.: R049749I
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)

Estate Agent no. L3009759F

(M) +65 9616 8786

ECG Regno Sereno-96168786 Invest In Japan_Shinjuku

 

 

Picture1

Bangkok Sukhumvit Voque Condominium Launch: 24 – 25 Aug 2013

ECG Property, together with ECG Holdings, proudly presents the launch of Bangkok Sukhumvit VOQUE Condominium!

We are pleased to present such a quality condominium for the very first time in Singapore. This condominium is located in the heart of Sukhumvit, one of the most uptown location in Bangkok, Thailand.

Event: Bangkok Sukhumvit VOQUE Condominium Launch

Location: Hilton Hotel Lvl 5, Malaysia Room (581 Orchard Road (S) 238883)

Date:  24 – 25 Aug 2013, 10am – 6pm

Bonus: FREE Property Seminar Talk by Dato’ Eric Cheng, Author of the Best-Selling Book “Get Rich Through Property Investment in Asia”

Come down to learn more about the Gems of Investment and why Bangkok, Thailand would be one of the key investment places that you wouldn’t want to miss.

 

Sukhumvit_Voque_EDM_24_25_Aug_FULL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Good Capital Investment
  • Highly Exclusive with 74 units only
  • Boutique Freehold Condo in Prestigious Sukhumvit
  • Fully Furnished with Quality Fittings
  • Great Location In the Heart of CBD of the City of Angels
  • Short Distance from Iconic Shopping Malls and many amenities
  • Minutes Away from Asok and Phrom Phong BTS / Sukhumvit MRT/ Airport Rail Link Makkasan Station

Don’t miss out on this great opportunity for a FREE Property Seminar and an eye-opening experience into the property scene of Bangkok!

Hurry R.S.V.P.! Call or SMS  at +65 9616-8786 now!

Yours Sincerely,

Joshua Koh 许平安 | B.Eng. Computer Engineering (NTU)
District Consultant
License No.: R049749I
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)

Estate Agent no. L3009759F

(M) +65 9616 8786

Elite Residences (Freehold Cluster in D15 – Most attractively priced!)

 

GREAT NEWS TO ALL AGENTS! Comm to you REVISED from 0.5% to 0.75% (about $25k). Please call your clients and fix an appointment with me for this beautiful cluster housing, ELITE RESIDENCES.

Call me NOW to arrange for an appointment. Developer giving additional discount before actual launch within the next 45 days!!

Yours Sincerely,

Cedric Yap Kun Hao
Senior District Consultant (Novena District)
License No : R043505A
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)

(M) +65 92723615
(E) yap.cedric@gmail.com
(W) www.lovelyhomes.com.sg

 

Exclusive FREEHOLD Strata Terraces launching soon in Siglap Area

  • Exclusive 8 Units of 3-Storey Strata Landed Terrace with Basement and Attic
  • Private Pool with Water Jet, Home Lift for All Levels and 1 or 2 Basement Car Park Lot(s)
  • Efficient Layout with Quality Fixtures and Fittings
  • Tranquil Surroundings with Lush Foilage Conveniently Located in the Eclectic Area of Siglap Close
  • Proximity to Renowned Schools, Eateries, Shopping Centres, Parks and Beach
  • Near Future Eastern Region MRT Line
  • By Award Winning Builder.
Attractively priced! Approximately $3.xx million for inter and corner cluster terraces.
Keen to find out more ? Please call / sms Eugene Koh @ 9040-5508 to R.S.V.P. for exclusive preview today!

Congratulations to Circle Sukhumvit 11 buyers. FOREIGNER QUOTA FULLY SOLD!

Congratulations to all buyers of this prestigious project. We have fully cleared the foreigner quota! 

We sold out the project in approximately 2 months. Here are some pictures from our Marina Mandarin launch on the 11th and 12th of May. We are proud to say that Circle Sukhumvit 11 has been one of the top selling overseas projects in Singapore. Due to it’s prime locality, impressive building structure and affordable pricing, the units under the foreigner quota (49%) of the 219 unit development were snapped up in just a couple of months. Why invest in Bangkok? Low taxes and the ability to be able to sell even before TOP with extremely low transaction costs coupled with a country which is foreigner friendly and is well known around the world for being a key tourist destination. Bangkok is the prime investment choice for people who are looking to invest in an overseas property!

IMG-20130512-WA0017 IMG-20130513-WA0015 IMG-20130513-WA0016 IMG-20130513-WA0017 IMG-20130513-WA0018

 

 

A big thank you from ECG Property sales team.

IMG-20130512-WA0013

 

 

Yours Sincerely,
Daryl Lum 林文忠 | B.A. Economics (NUS), Cert-in-CEHA
District Partner (Novena District)
License No.: R029446F
ECG Property Pte Ltd 
A Subsidiary of ECG Holdings
Estate Agent no.: L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)
 
(M) +65 90098731
(E) daryllum@ecgproperty.com 
(W) www.daryllum.com
(W) http://daryllum.stproperty.com.sg 
(W) 
www.lovelyhomes.com.sg
(W) www.ecgproperty.com

 

Circle_EDM_Event

Bangkok Property Launch at Marina Mandarin Hotel (11th and 12th May)

Considering investing in Thailand? Come attend our new Circle Luxury Condominium Launch held at Marina Mandarin.

Date: 11 & 12 May 2013

Time: 10am – 6pm

Venue: Marina Mandarin Hotel, Level 1 ( Libra & Gemini Room)

Circle 1 and Circle 11 11th and 12th May EDM

Click for a larger image.

 Please click here  to book your seat.

Hurry sign up today! Limited Choice Units available.

Circle Sukhumvit 11 (We almost sold out everything!)

A sincere thank you to all our clients who bought Circle Sukhumvit 11 from ECG Property. We are proud to tell you that we have sold almost all of the units eligible under the foreigner quota. We have approximately 6% worth of foreigner quota units. To those who have bought this prestigious project, congratulations on your astute purchase! We will be posting construction progress reports of this development as well as all other projects which were purchased through our company. Please always look for us at www.lovelyhomes.com.sg and once again thank you for all your support in making our project launches so successful. We look forward to serving you for all your local and overseas property needs. Here at ECG Property, we do things differently!

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Yours Sincerely,
Daryl Lum 林文忠 | B.A. Economics (NUS), Cert-in-CEHA
District Partner (Novena District)
License No.: R029446F
ECG Property Pte Ltd 
A Subsidiary of ECG Holdings
Estate Agent no.: L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)
 
(M) +65 90098731
(E) daryllum@ecgproperty.com 
(W) www.daryllum.com
(W) http://daryllum.stproperty.com.sg 
(W) 
www.lovelyhomes.com.sg
(W) www.ecgproperty.com
 
 
CircleS_Progress_Featured

Update: Circle S Construction Progress

CircleS_Progress

 

 

 

I’m sure many of you who have bought Circle S are wondering about its progress and whether it is still an empty piece of land?

We have posted its construction progress here.

We are pleased to report that construction is progressing smoothly and the building structure is taking shape day by day!

Congratulations to Owners of Circle S.

CircleS_Progress

Update: Circle Living Prototype Construction Progress

CircleLP_Progress

 

 

I’m sure many of you who have bought Circle Living Prototype are anxious about its progress.

Fret no more!

We have posted its construction progress here.

We are pleased to report that construction is progressing smoothly and the building structure is taking shape day by day!

Slider_Circle1b

Invest in Bangkok Seminar: 27th and 28th April 2013 @ Marina Mandarin Hotel

Considering investing in Thailand? Come attend our new Circle Luxury Condominium Launch held at Marina Mandarin.

Date: 27 & 28 April 2013

Time: 10am – 6pm

Venue: Marina Mandarin Hotel, Level 1 ( Libra & Gemini Room)

Bonus: Free Seminar given by Dato Eric Cheng on “Investing in the Bangkok”: 28th April 2013 @ 3pm. Learn the secrets of investing in properties from the man himself!

Updated_BKK_Circle_Hotel_Marina_Mandarin_EDM

(Click image to view in full size)

Please call / sms Joshua Koh @ 9616-8786 to R.S.V.P. today!

Alternatively, you may use our R.S.V.P form to book your seat.

Hurry sign up today! Only 50 seats available!

Slide_TAR

Trans-Asian Railway Announced!

Trans-Asian Railway

Twenty-eight countries in an intergovernmental meeting here are preparing to link 80,000km of railway lines to form a Trans-Asian Railway (TAR) network.

To date the TAR network comprises of slightly over 106,126 km of rail routes that have been selected for their potential to serve international trade within the ESCAP region as well as between Asia and Europe

A total of 22 member States have signed the Intergovernmental Agreement on the Trans-Asian Railway Network and 16 have deposited their instrument of ratification/acceptance/approval/accession with the Secretary-General of the United Nations in New York.

Thailand and China agreed to speed up construction of the Trans-Asia Railway (TAR) with construction of rail tracks from Nongkhai to Malaysia’s Padang Besar via Bangkok expected to start in 2012, It was agreed in principle between China and Thailand to build the Nongkhai-Bangkok railway as part of the Trans-Asia Railway. Trans-Asia Railway if completed will facilitate better communication among the three countries’ peoples and boost local economic development in many areas.

In addition, the construction of the Kunming to Singapore high speed railway which began in April 2011, to be completed in 2020, will extend to Bangkok in Thailand, run through Kuala Lumpur in Malaysia, and end in Singapore. The completed line will be 3,900 kilometers long.

Currently, TAR routes in operation cover a distance of almost 106,026 km in 28 countries distributed as follows:

Distribution of TAR Routes
Region Countries Route Distance
South-East Asia Cambodia / Indonesia / Laos / Malaysia / Myanmar / Singapore / Thailand / Vietnam 13 827 km
North-East Asia China / Democratic People's Republic of Korea / Mongolia / Republic of Korea / Russian Federation 44 745 km
Central Asia and Caucasus Armenia / Azerbaijan / Georgia / Islamic Republic of Iran / Kazakhstan / Kyrgyzstan / Tajikistan / Turkey / Turkmenistan / Uzbekistan 29 720 km
South Asia + Islamic Republic of Iran and Turkey Bangladesh / India / Nepal / Pakistan / Sri Lanka 17 734 km
Total: 106 026 km

Formalization of the Trans-Asian railway network is a major step towards an integrated, international, intermodal transport network for Asia.

Upcoming event on Meeting of Railway General Managers of the Region on Promoting the role of Trans-Asian Railway through increase commercial awareness will be held during 23-24 October 2012 in Bangkok. The meeting is to play a significant role in providing strategic guidance for the regional development of transport, transit and the improvement of transport capacity, including promoting cooperation, contributing to regional integration and enabling countries to benefit from globalization and supporting the growth of output, trade and investment in the region.

Source:

Ministry of Transportation, State Railway of Thailand, Bangkok Mass Transit System, NESDB, OBG The Report, Thailand 2012

Slide_RentalYield

Asia: Gross Rental Yields

Asia: Gross rental yields (%).

rental_yields_Asia

The gross annual rental income, expressed as a percentage of property purchase price. This is what a landlord can expect as return on his investment before taxes, maintenance fees and other costs.

The properties are 120-sq. m. apartments located in premier city centres.

The gross rental returns (or rental yields) figures published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research.

Only resale apartments and houses are researched. Yields for newly-built properties are not included.

Buyers should expect the rental yields of new properties to be lower than the gross rental yields published by the Global Property Guide.

Properties will be in excellent condition, with good facilities, and have been refurbished or redecorated within the last five years.

Source: Global Property Guide Research

Slide_Thai_Condo

Thailand: Investing into Bangkok Condos – What to Expect

 

Investing in Bangkok real estate may seem a daunting and difficult task, but as can be seen from the below blog it can also be rewarding if the investments are made in the correct districts of Bangkok. A Bangkok property investment in a well located Bangkok condominium can yield both a high rental yield and a high yield in capital gains.

NobleSolo Condominium, ThonglorFor example Noble Solo condominium units located in Thonglor can yield rentals of over 8% and the capital gains have gone above 10% since the project was first launched 3 years ago, not bad considering the economic crisis that has affected the world at this time.

In fact highlighted in a recent report by a well-known and highly respected property developer, listed on the SET, states that condominiums in Bangkok’s city center offer on average 7% rental yields across the low-mid, mid and high-end market categories. And the condo resale market within Bangkok remains extremely buoyant despite the economic and political problems of the last 12 months.

Let’s look at some figures, but firstly let’s define some criteria’s we are looking at within our report. Investing in a condominium in Bangkok can range from low-mid end up to high-end luxury Bangkok properties, but all can be found along the BTS and MRT in Bangkok’s city center areas. The main designated areas of Bangkok’s city center are Sukhumvit, Silom, Sathorn, Ratchada and Central Lumpini (near Lumpinin Park and the Royal Sports Club).

Also when we refer to investing in a Bangkok condominium, the main body of the blog will only be referring to brand new condominium projects. In fact none of the condominiums we will have been completed more than 12 months ago. The reason for this is that older units would have been bought at much cheaper, and therefore will neither reflect the current prices of the Bangkok condominiums on the market, or the rental yields as a percentage of the buying price – clearly Bangkok condominiums invested in earlier will yield higher returns as the purchasing prices would have been lower.

For the purposes of this brief blog, we will concentrate in investing in a Sukhumvit condominium. There reasons for this is that Sukhumvit is the most popular district of Bangkok and most foreign buyers invest in condos in Sukhumvit. In the last 12 months there have been approximately 4 500 condominium units completed within the Sukhumvit area of Bangkok. Therefore there has clearly been a large increase in the amount of Sukhumvit condominiums on the market. However this has not stopped the rental yield from remaining attractive, as mentioned earlier with an average 7% return on investing in a Bangkok condo.

The purchasing prices for these Sukhumvit condominiums continues to rise, and on average one can expect to pay approx THB 90 000/sqm for a mid-end Sukhumvit condo, or if you want to invest in a more luxurious Sukhumvit condominium then prices of approximately THB 115 000/sqm are being asked.

Investing in a condominium in Sukhumvit will probably present you with the following returns: For a Studio prices of THB 15 – 20 000/month can be asked; for 1 Bedroom prices of THB 30 – 50 000/month can be asked and for a 2 Bedroom prices of THB 50 – 80 000/month can be asked. Of course all the above depend on several variables such as location, quality of the building, size of the unit and quality of the furnishings in your buy-to-let Bangkok condo investment.

TheAddressBut what about the capital gains on your Bangkok real estate investment? Well as we saw early some projects have offered Bangkok condominium developers rises of up to 25% since launch, The Address Chidlom being such a Bangkok condo investment.

However on average Bangkok condominiums launched in the last 12 months have offered their investors approximately a 10% capital gains return since their launch. However it has been noted the best resale units in general are the larger 2br units. The reasons for this is that developers are generally building more Studio and 1 bedroom units in the newly launched Bangkok condominium projects around the city center, as these often are quicker to sell off-plan and can offer good rental yields. In addition the 2 bedroom units they have launched are on average smaller than those built in the past, with newly built Bangkok condo units over 90sqm becoming rare. So newly built 2 bedroom units of over 100sqm are becoming relatively scarce in the Bangkok real estate market.

Therefore if you are looking for rental return yields you may be best off investing in a Bangkok condo less than 60sqm in size, such as Studio or 1 bedroom. However if it is capital gains you are looking for in your Bangkok condo investment then a larger 2 bedroom unit of up to 100sqm could be your best Thai real estate investment stategy.

Source: www.easyhomes.tv

Slide_ThaiEconomy

Investment: Economic Factors In Thailand

Thailand’s economic features satisfy many long term investors’ requirements. The information below will help you in your research.

Economic Climate

The Economist confirms: “Ongoing concerns over political stability will continue to prevent any major improvement in consumer and investor sentiment in the next year or so. However, towards the latter part of the forecast period, there will be a shift back to stronger domestic demand growth, but real GDP growth will still be slow”.

Export growth is also set to decline in the wake of the economic slowdown in important export destinations such as the USA. Thailand inflation hit 9.2 percent last month, its fastest pace since 1998. The Bank of Thailand raised interest rates for a second month in a row in order to fight inflation.

Tourist Figures

The government is concentrating on ambitious new marketing efforts to attract luxury tourism and meet its target of 10% annual growth in tourist numbers.

New construction in luxury resorts is expected to attract vast numbers of tourists on short term holidays, while generating excellent rental yields for investors who own these properties.

Cost of Living

The cost of living in Thailand is still much lower than in most European destinations while the facilities available to tourists and visitors are modern and of international standard.

Property is lower priced in Thailand than in many other worldwide locations, and an increase in overseas interest is strengthening the country’s economy.

Suvarnabhumi-Bangkok International Airport (SBIA)

The completion of the airport has boosted the commercial property markets in eastern Bangkok and has made travelling to Thailand even easier.

Due to its popularity as a tourist destination, Thailand is one of the cheapest places to fly to in Asia, with direct flights readily available to Bangkok from many international airports.

Property Market

Today, the government sees foreign investment as great asset while the dropping of certain financial requirements now make investment in Thailand an easier option than ever before.

Some investors are seizing the opportunity to purchase property now while prices are low. They buy safe in the knowledge that they will be generating long term returns when political and economic conditions eventually improve and the market builds fresh momentum.

Tax

There is no capital gains tax for private investors and low ongoing property tax applicable. Stamp Duty and transfer fees have been waived temporarily in a bid to attract more real estate investors to Thailand – all positive news for today’s buyers.

Economic Reasons Why Thailand is an Intelligent Property Investment Location

  • Thailand property prices remain far below those in the more established European markets
  • Thailand is the largest growth market in Asia. Some businesses choose Thailand as a regional base from which to keep their employees working all around Asia
  • Thailand has recently attracted significant foreign investment. It has become one of the Asian economic leaders and is one of the fastest-growing economies in the region
  • The completion of the Suvarnabhumi-Bangkok International Airport (SBIA) boosts growth in commercial property markets in eastern Bangkok as well as makes Thailand even more accessible by air
  • Thailand is one of the cheapest places to fly to in Asia
  • The country has strong business links with China and has an excellent infrastructure as well as world-class facilities in many resort towns
  • Property is much cheaper in Thailand than elsewhere and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand
  • Rental potential is high, due to increased government spending luring growing numbers of tourists
  • No capital gains tax, stamp duty or transfer fees for private investors. Low ongoing taxes
  • Today foreigners are regarded by the government as a big investment opportunity in Thailand

Source: www.propertyshowrooms.com

Slide_WhyThailand

Thailand: Why Invest in Thailand?

Why Invest in Thailand?

Exotic Thailand is Asia’s top tourist destination and offers a world class tourist industry at affordable prices, making it a magnet for visitors, re-locators and property investors alike. In many key locations in Thailand, the local economy relies heavily on tourism and increased property investment in these locations is now good news for domestic economic growth and good capital returns.

Natural and Cultural Factors

  • Once an exotic long haul destination, Thailand is now also a sophisticated tourist destination with a universal appeal.
  • For thousands of people who have worked in Asia for many years, Thailand is a very attractive retirement destination, in which the living environment will feel familiar.
  • Retirement visas are available for foreigners over 50 years of age.
  • Thailand has good schools, an efficient health care system and it is seen as a friendly country in which to live or visit.
  • Thailand offers beautiful mountains, dense forests and stunning beaches, a tropical climate and cities teeming with culture and colour which draw visitors back each year.
  • Warm weather for winter holidaymakers. Peak season is between November and February.

Economic Factors:

  • The relatively undiscovered nature of Thailand means that property prices here remain far below those in the more established European markets, although they are growing quickly and strongly (around 10-15% a year).
  • Thailand is the largest growth market in Asia. Some businesses choose Thailand as a regional base from which to keep their employees working all around Asia.
  • Thailand has recently attracted significant foreign investment. It has become one of the Asian economic leaders and is one of the fastest-growing economies in the region.
  • The completion of the Suvarnabhumi-Bangkok International Airport (SBIA) is expected to spur growth in commercial property markets in eastern Bangkok as well as make Thailand even more accessible by air. Thailand is one of the cheapest places to fly to in Asia.
  • The country has strong business links with China and has an excellent infrastructure as well as world-class facilities in many resort towns.
  • Property is much cheaper in Thailand than elsewhere and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand. Property investors who bought post 1999 have witnessed impressive capital growth, particularly in major cities.
  • Rental potential is great, due to increased government spending luring growing numbers of tourists.
  • No capital gains tax for private investors, and low ongoing taxes.
  • Today foreigners are regarded by the government as a big investment opportunity in Thailand.

Source:  propertyshowrooms.com

Slide_CM7_2

Singapore: 7th Round of Property Cooling Measures Launched on 12 Jan 2013

The Government has just announced its seventh round of cooling measures. This affects properties acquired after 12 Jan 2013.

For All Residential Property (Private & Public alike)

  • Increased ABSD (Additional Buyer Stamp Duty)
  • Higher Cash Down Payment and Tighter LTV (Loan-to-Value)

For Public Housing (HDB/DBSS)

  • Increased ABSD (Additional Buyer Stamp Duty)
  • New Mortgage Servicing Ratio (MSR) Cap
  • Subletting Restrictions for PRs Ownership Restriction for PRs

For Executive Condominiums

  • Increased ABSD (Additional Buyer Stamp Duty)
  • Restrictions on Size
  • Restrictions on Sale of Dual-Key units
  • Developer Restrictions On Sale Launch

Permanant Residents (PRs)

  • No subletting of flats
  • Must sell HDB flat within 6 months of purchasing a private property.

For  Industrial Properties

  • Increased SSD (Seller Stamp Duty)

 Reliefs

  • Housing Loan for EC
  • Housing Loan for Public Housing

 

Let’s look at the individual changes in more detail:

Increased ABSD

Increased ABSD
Citizenship 1st Property 2nd Property 3rd Property
Singaporean 0% 7% 10%
PR 5% 10% 10%
Foreigners 15% 15% 15%

Note 1:  For purchases made jointly by two or more parties, the higher applicable ABSD rate will be imposed

Note 2: However, ABSD relief will be provided for joint purchases by married couples with at least one Singaporean spouse (i.e. a married couple with a Singaporean spouse and PR / foreigner spouse). Such purchases will not be subject to ABSD, as long as both spouses do not own any other property at the time of purchase. This relief facilitates their purchase of a matrimonial home, and puts them in the same position as a married couple with both Singaporean spouses who are purchasing their first residential property.

Note 3: ABSD relief will also be provided to eligible married couples with at least one Singaporean spouse, who have purchased a second private residential property and will dispose their existing residential property.

  1. The ABSD paid will be refunded if these Singaporean married couples dispose their first property within six months of the purchase of the second property, if the latter property is a completed unit.
  2. If the second property is an uncompleted unit, the refund will be given if the first property is disposed within six months of the Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (CSC) date of the second property, whichever is earlier.
  3. These Singaporean couples must also not acquire any other residential property before the disposal of the first residential property, if they wish to avail themselves of the refund on ABSD paid on the second property.

Note 4: If a buyer of a residential property has been granted Option to Purchase on and before 11 January 2013 and exercises it thereafter on or before 1 February 2013 (without any extension of the option validity period), the buyer can apply to the Inland Revenue Authority of Singapore (IRAS) for remission so that the old ABSD rate will apply.

 

Higher Cash Down Payment

Cash Down Payment
1st loan 2nd loan
LTV=80%  5%Cash 25% Cash
LTV=60% 10%Cash 25% Cash

 


Tighter LTV (Loan-to-Value)

LTV Ratio
1st Loan 2nd Loan 3rd Loan
Individual 80% 50% 40%
Loan >30 years or (Age + Loan) >65 years 60% 30% 20%
Non-individuals 20% 20% 20%

 

New Mortgage Servicing Ratio (MSR) Cap

MSR Cap
Old Ratio New Ratio
Private ( MAS granted) 35% 30%
Public (HDB Granted) 40% 35%

 

EC: Restrictions on Size

Max Strata Floor Area to be 160 sq metres.

PES (Private Enclosed Space) & Private Roof Terrace now counted as part of bonus GFA.

 

EC: Restrictions on Sale of Dual-Key units

Dual Key units only sold to multi-generation families only

 

EC: Developer Restrictions On Sale Launch

Developers of future EC sale sites from the GLS programme will only be allowed to launch units for sale 15 months from date of award of the sites or after the physical completion of foundation works, whichever is earlier.

 

Industrial Properties: Increased SSD (Seller Stamp Duty)

Industrial SSD
1st Year 2nd Year 3rd Year
SSD 15% 10% 5

 

Housing Loan for EC

A borrower will not be subject to the lower LTV limit and higher minimum cash down payment requirement when he obtains another housing loan for the purchase of a property which is an Executive Condominium (EC) purchased directly from a property developer or a HDB flat.

For such borrowers, the cash down payment required is 5%, or 10% if the loan tenure exceeds 30 years or the loan period extends beyond the borrower’s retirement age of 65.

Housing Loan for Public Housing

The borrower must provide the financial institution granting the loan a copy of the signed undertaking to HDB committing to complete the sale of his sole existing property within the period stipulated in the undertaking. This exemption will allow borrowers to be treated as individuals with no outstanding housing loans.

HDB’s rules require a buyer of (i) an EC unit purchased directly from a property developer, or (ii) a completed/resale or uncompleted HDB/DBSS flat, to sell his existing property within six months of TOP/CSC of the EC unit or taking possession of the HDB/DBSS flat.

Slide_Thailand_Market

Thailand: Mixed Signals for Housing Market

The Thai price index for single detached houses dropped by 1.15% (-3.59% inflation-adjusted) during the year to end-Q2 2012, according to the Bank of Thailand (BOT), the country’s central bank.

On a quarterly basis, it fell 1.81% (-3.03% inflation-adjusted) in Q2, the second consecutive quarterly decline.

However during the year to end-June 2012:
The price index for townhouses rose 3.3%
The price index for condominiums rose 6.8%
The residential land price index increased by 0.5%

In the second quarter of 2012, total outstanding property credit rose by 11.7% to THB1.7 trillion (US$55 billion) compared to the same period last year, according to the Department of Land, Ministry of Interior.

The country’s gross domestic product (GDP) growth was up a stronger-than-expected 4.2% from the same period last year, with recovery from last year’s devastating floods. Despite external uncertainty, the domestic economy is expected to grow by a robust 5.7%, according to the BOT.

 

Source: globalpropertyguide.com