{"id":1938,"date":"2015-09-11T04:13:42","date_gmt":"2015-09-10T20:13:42","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=1938"},"modified":"2022-07-01T03:33:28","modified_gmt":"2022-06-30T19:33:28","slug":"singapore-property-buyers-continue-to-invest-in-foreign-real-estate-assets","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/singapore-property-buyers-continue-to-invest-in-foreign-real-estate-assets\/","title":{"rendered":"Singapore property buyers continue to invest in foreign real-estate assets"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><h3>Australian property is a big draw for Singaporean investors. Foreigners are only allowed to purchase new dwellings under Australia\u2019s foreign investment regime. Come Dec 1, new property reforms to tighten the scheme will take effect, but Singaporean interest in foreign real-estate assets remains, property\u00a0agents said.<\/h3>\n<p>Foreign real-estate\u00a0ownership in Australia will be saddled with heavier regulation come December, but Singaporean interest has not wavered, estate agents said in a report on Channel NewsAsia.<\/p>\n<p>This comes after news that the country will now take a closer watch on foreign investment into the residential property market.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-15026 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2015\/09\/sydney-cbd-aerial.jpg\" alt=\"Foreign real estate: Sydney, Australia, CBD Aerial View\" width=\"780\" height=\"448\" \/><\/p>\n<p>The reforms include additional administrative fees of a minimum A$5,000 (S$5,000) on property investment applications by foreigners, and stricter penalties for foreigners caught buying resale homes.<\/p>\n<p>But Singapore buyers are unfazed, aside from curiosity over the tightening of guidelines. With the recent weakening of the Australian dollar, some estate agents have even seen sales increase.<\/p>\n<p>Reapfield Property Consultants, which specialises in marketing Australian properties, closed about 12 to 15 deals in recent roadshows, up from the usual 10.<\/p>\n<p>Visit <a href=\"http:\/\/www.channelnewsasia.com\/news\/business\/singapore\/australia-s-tighter\/2078046.html\" rel=\"nofollow\">Channel NewsAsia<\/a> for more details.<a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2015\/09\/20150911-Singapore-property-buyers-continue-to-invest-in-foreign-real-estate-assets-IMG1.jpg\"><br \/>\n<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>If you enjoyed this article, you might be interested in\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/buying-property-overseas\/\">Should you be thinking of buying property overseas?<\/a> and\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/forest-city-buying-overseas\/\">The Forest City debacle: 4 lessons to learn buying overseas property<\/a>.<\/p>\n<p><em>Find the home of your dreams today at Singapore\u2019s largest <a href=\"http:\/\/99.co\">property portal 99.co<\/a>! <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian property is a big draw for Singaporean investors. Foreigners are only allowed to purchase new dwellings under Australia\u2019s foreign investment regime. Come Dec 1, new property reforms to tighten the scheme will take effect, but Singaporean interest in foreign real-estate assets remains, property\u00a0agents said. Foreign real-estate\u00a0ownership in Australia will be saddled with heavier regulation&hellip;<\/p>\n","protected":false},"author":17,"featured_media":53953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53593,53589,57131],"tags":[53733,53595,53734,53628,53669,53688],"persona":[],"class_list":{"2":"type-post","16":"entry","17":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- 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