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Published on : Wednesday, May 13, 2015
The 10th iProperty.com International Property and Investment Expo, featuring an array of properties and a line-up of investment seminars, is set to take place in Singapore boosting its tourism numbers, at the Suntec Convention Centre on May 16-17, from 10am to 8pm.
In a statement, iProperty said, overseas projects and developments from Australia, Indonesia, Japan, Malaysia, Thailand and the United Kingdom (UK) will be exhibited. It said, established industry experts such as Khalil Adis will also provide insights on overseas property investments.
iProperty.com Singapore general manager, Sean Tan said, “Our research shows that Malaysia, Australia, the UK and Thailand have the highest level of interest for people buying outside of Singapore; 59 per cent intend to purchase within the next two years.”
He said these markets are favoured primarily for their capital appreciation, favourable exchange rates and rental income.
“Some buyers are however intending to retire to those countries, or are looking for a holiday home,” he said.
Malaysia remained the market leader, and Singapore-based buyers know it well, find it convenient and were positive about the long-term prospects for its property, he added.
“A key driver over the next few years will be the Singapore-Kuala Lumpur high speed rail, creating a new level of investment opportunity,” he said.
Tan said, “The recent strengthening of the Singapore dollar against several currencies, including the Australian dollar, the euro and the Malaysian ringgit, makes it advantageous for Singaporeans; properties in Malaysia and Australia are at lower price points than the current local property market.”
Khalil, Founder of Khalil Adis Consultancy, meanwhile said, “The Malaysian market has always been a key property market for Singaporeans, due to its proximity and cultural similarities.