Tag Archives: Malaysia

Malaysians now the top buyers of Singapore properties

Malaysians have outpaced the Chinese as the top overseas buyers of Singapore properties, according to data compiled by the Urban Redevelopment Authority (URA) and CBRE Research.

In 1H2012, Malaysians accounted for 27.6 percent of all foreign purchases, while buyers from China comprised 20.3 percent.

In comparison, the Chinese took pole position in 2H2011 at 29.6 percent with Malaysia trailing at 18.7 percent.

“The resilience of Malaysian buyers is due to Singapore’s proximity. There are also many Malaysians who are permanent residents (PRs) in Singapore, and PRs are allowed to purchase at least one ‘ABSD-free’ private property,” said Ong Kah Seng, Director at R’ST Research.

He added that Indonesian buyers were also active in 1H2012 at 18.4 percent, rebounding from a minor slowdown post- ABSD (additional buyer’s stamp duty).

“Singapore is still a well-tested and well-positioned property hotbed for them, especially for those who have been on the sidelines during the prior prolonged sluggish central region home performance period. With homes in the central region seemingly poised for sustained recovery, some people (especially those who are PRs) may decide to quickly purchase a unit,” noted Ong.

In general, foreign property buyers seem to have adjusted to the ABSD and are now searching for Singapore homes.

Not surprised by the trend, Lee Sze Teck, Senior Manager, Research and Consultancy, at DWG, said: “After all, Singapore is still one of the best places in the region to invest in property because of its clarity in ownership of property, low-tax environment, absence of capital gains tax, low interest rate and stable government.”

Source : PropertyGuru – 2012 Jul 5

Top 5 marina properties in South East Asia

Increasingly the playground of the world’s rich, Asia’s high-end property markets are constantly reinventing themselves in order to attract high net worth individuals. First came high-rise iconic developments followed by chic low-rise luxury housing, mixed-use developments and integrated mega-cities. The latest addition to the ever-changing landscape of property developments in Asia is that of Marina Properties. Here is a sneak peak at some of the best there is.

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The Residences at Sentosa Cove, Singapore

The Residences at Sentosa Cove come with a array of services and nearby attractions including an 18-hole golf course, the award-winning ONE˚ 15 Marina Club, Resorts World Sentosa, access to lush rainforest, sandy beaches and Quayside Isle – an integrated hotel, retail and commercial development scheduled for completion later this year. Sentosa Cove features 2,160 homes, starting from S$1,680 (US$1,316) per sq ft.

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Reflections Condo, Keppel Bay, Singapore

Attached to the Marina at Keppel Bay, home to the Keppel Bay Sailing Academy, are the six glass towers and 11 villa apartments that will upon completion boast an exquisite collection of 1,129 waterfront homes. Designed by celebrated architect Daniel Libeskind, the development will also feature an expansive 13,300 sq ft penthouse spread across the 39th and 41st floors of the central high-rise tower. Facilities include an Olympic-sized pool, two Jacuzzi pools, barbecue pits, tennis courts, outdoor fitness stations and playgrounds. Prices start from around US$1,700 per sq ft.

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Park Resicences at Royal Phuket Marina, Thailand

The Park Residences at the Royal Phuket Marina comprise 88 so-called Aquaminiums, waterside condominiums ranging in size from 156 to 831 square metres starting at US$505,000, five 1,058 square metre Royal Villas with 23 metres private berthing starting at US$6.2 million, and one Grand Villa with a 70 metre private berth prized at a cool US$10 million. As of April 2012 only three apartments and three villas including the Grand Villa remain for sale. Facilities include two restaurants, tennis courts, retail outlets, a spa and an exhibition centre.

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Quayside at Straits Quay, Penang, Malaysia

Seri Tanjung Pinang is Malaysia’s premier waterfront community featuring three-storey courtyard terraces, serviced luxury suites, resort condominiums and grand sea-fronting villas. It is part of Straits Quay, a retail and leisure complex featuring a marina, a two-storey shopping mall, a performing arts centre and a wide range of cafes and restaurants. The latest addition to the project is the Andaman Series which is configured in eight different layouts from expansive penthouse suites with private pools, to spacious three-bedroom apartments for larger families. Prices start at RM973,800 (US$305,371).

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Residences at Siam Royal View, Koh Chang, Thailand

Siam Royal View offers a limited number of condos and luxurious beachfront villas on a buy-to-build basis to suit individual needs. Launched in 2006, the latest phase of the development comprises of 100 land plots ranging in size from 300 to 3,000 square metres with prices starting at THB3 million (US$95,175) for a plot of land and THB4 million (US$125,568) for villa construction. The completion of the marina is scheduled for August this year upon which it will feature 75 berth spaces from 10 to 20 metres with deep water buoy mooring for larger vessels 65 feet up. Facilities include a 9-hole golf course, beach club with restaurant, a water sports centre, a gym and several community pools.

Source: PropertyReport – 2012 Jun 28