Property Investment: Are Hongkongers finding comfort in Singapore?

1. Property Investment: Are Hongkongers finding comfort in Singapore? Are Hongkongers finding comfort in Singapore? It’s interesting to note how sentiments about the impact of Hong Kong protests on Singapore property appear to be going in different directions, and every one of them seems to have the statistics to back them up. As one blog rightfully points out, all of them could be correct — simply because each has its own frame of reference. At one corner, we have those who think that the protests have led to property investments outside Hong Kong, but not Singapore, because of its high cost and taxes like the 20% additional buyers stamp duty (ABSD). In addition, the majority of Hongkongers are the sandwiched, working lass who probably cannot afford a $2 million property in Singapore. At the ther corner, you have those who think that, protests aside, Hongkongers are still gravitating toward the Singapore property market because of Singapore’s strong fundamentals i.e., safety and stability. There’s also the fact that there are those from mainland China who have been traditionally investing in Hong Kong real estate but now find themselves diverting their interests to Singapore because of the protests and for the same reasons of safety and stability. Then there are those in between who think that there is still commercial property in Singapore, which is a potential magnet for investors because of its exemption from ABSD.

2. At the end of the day, whether it is the protests in Hong Kong, the high cost and heavy taxes in Singapore, the sound safety and security of Singapore, or even the attractiveness of commercial property in Singapore without its ABSD, one thing is certain: There is only one piece of upscale living in the Draycott Ardmore residential enclave called One Draycott that offers between 732 square feet and 1,345 square feet of freehold tenure. If you are a Singaporean who is eyeing to reside there, you are not the only one because there are those from Hong Kong and China who can similarly afford to do so and now have one more reason to do so, given the protests in Hong Kong. Click Here to Download eBrochure.