{"id":2209,"date":"2017-01-23T12:00:21","date_gmt":"2017-01-23T12:00:21","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2209"},"modified":"2017-01-23T12:00:21","modified_gmt":"2017-01-23T12:00:21","slug":"prices-set-rise-singapore","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/2017\/01\/23\/prices-set-rise-singapore\/","title":{"rendered":"Prices set to rise in Singapore"},"content":{"rendered":"<p><strong>Property prices are predicted to rise in Singapore, thanks to a stamp duty increase in Hong Hong.<\/strong><\/p>\n<p>In November <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/05\/buyers-china-hong-kong-continue-investing-uk-property-despite-brexit\/\" target>Hong Kong increased its stamp duty rate<\/a> to 30% for foreigners \u2013 a decision that could actually have a positive effect on the property market in Singapore.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ILoxq6ozqF\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/04\/2017-house-price-predictions\/\">2017 House Price Predictions<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;2017 House Price Predictions&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/04\/2017-house-price-predictions\/embed\/#?secret=jNALWShNko#?secret=ILoxq6ozqF\" data-secret=\"ILoxq6ozqF\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The island city-state has a stamp duty rate of 18% for overseas buyers, making it a far more attractive proposition to foreign investors than Hong Kong. \u201cThe fallout from the stamp duty could be beneficial for Singapore,\u201d commented Sigrid Zialcita, MD for Asia Pacific research at Cushman &amp; Wakefield. \u201cSingapore is always seen as a place where you can preserve capital and we are expecting interest from foreign nationals to come back.\u201d<\/p>\n<p>The news was particularly well received since Singapore\u2019s property prices have been declining for the past three years. But as the 18% stamp duty rate could attract more foreign buyers \u2013 <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/02\/china-dominates-cities-index\/\" target>especially from mainland China<\/a>, which is currently witnessing a weakening of the yuan \u2013 Savills is now forecasting that prices will actually increase by 1% on average during 2017. This will come as a welcome respite since they have fallen a total of 11% since 2013.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"rQX1wEg4is\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/20\/nine-best-places-invest-in-property-revealed\/\">The nine best places to invest in property revealed<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;The nine best places to invest in property revealed&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/20\/nine-best-places-invest-in-property-revealed\/embed\/#?secret=p8AIHMrBNI#?secret=rQX1wEg4is\" data-secret=\"rQX1wEg4is\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The forecast for Hong Kong is less optimistic however, with prices in the secondary-housing market dropping 8% according to industry averages. It is possible though that new-build properties will buck the trend. While figures aren\u2019t yet available for <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/29\/britains-build-rent-explosion\/\" target>the new-build residential sector<\/a> in Hong Kong, early signals are that prices in this industry will be more hardy as developers offer incentive packages in order to offset the higher stamp duty rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property prices are predicted to rise in Singapore, thanks to a stamp duty increase in Hong Hong. In November Hong Kong increased its stamp duty rate to 30% for foreigners \u2013 a decision that could actually have a positive effect on the property market in Singapore. 2017 House Price Predictions The island city-state has a<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-us\/2017\/01\/23\/prices-set-rise-singapore\/\" title=\"ReadPrices set to rise in Singapore\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[141],"tags":[214,215,85],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/2209"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=2209"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/2209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/4546"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=2209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=2209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=2209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}