Luxury Real Estate Blog and News
The recent property cooling measures introduced in Hong Kong are unlikely to have an impact on Singapore property prices. Experts said foreign property investors would not switch their portfolio from Hong Kong to Singapore, Channel News Asia reported.
Hong Kong will introduce new property cooling measures today, including a 15 per cent tax on overseas buyers, to curb a rise in prices to increasingly unaffordable levels, Financial Secretary John Tsang said yesterday.
New real estate laws in Turkey will allow buyers from countries that have previously been blocked from entering the property market.
Led by the government agency, Malaysia Property Incorporated (MPI) Malaysia is courting Chinese investors in the cuntry’s property market. The government anticipates Chinese investment may help its plans to increase foreign investment in the country’s property market from two to five per cent in the coming years.
China is set to tighten restrictions on foreign real estate investment, according to a statement from the Chinese Ministry of Commerce (MOC).
The Joint Foreign Chambers of Commerce in Thailand (JFCCT) and real estate consultants are pressing for a review of the country’s policy regarding foreign ownership.