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SOURCE: STRAITS TIMES for Internal Use Only – Not for Circulation For Internal Use Only – Not For Circulation SOURCE: STRAITS TIMES For Internal Use Only – Not For Circulation SOURCE: BUSINESS TIMES For Internal Use Only – Not For Circulation For Internal Use Only – Not For Circulation SOURCE: STRAITS TIMES ST FILE PHOTO There are slightly fewer rooms Many more rental units are SOURCE: STRAITS TIMES TIMES SOURCE: STRAITS available at Maysprings,a which 99-year is leasehold property. The project has two-ders and up three-bed- for sale,and asking $949 $1,062 psf psf respectively. for sale orleasehold rent The Linear, at butcheaper. they the are Three-bedders 999-year haveasking price an of $964age. psf on aver- More information can bewww.STProperty.sg found website. on the Park has two- to four-beddersed list- on STProperty.sg,age with asking aver- pricespsf between and $1,103 $1,214type. psf Nearly based 10 ontenants. units unit are seeking MONEY INVEST For InternalFor For Circulation Use Only – Not The Lakeshore is pricier, with Condos within a 1km radius of The 999-year leasehold Hazel two-bedroom units goingaverage for an $970bedders psf, asking$1,006 and psf. for Nearly 20 three- units anrent. are for average two-bedders on sale for $1,238on psf averagepriced at and $1,194has psf. three-bedders nearly This 40 project units up for rent. Bukit Panjang Primary BUKIT Panjang Primary SchoolCashew in Road iswalk away a from few thestation Pending in minutes’ Bukit LRT Panjang. the schoolMaysprings include and The Hazel Linear. Park, SATURDAY, JUNE 8, 2013 At The Warren, two- to Homes at Yew Tee Residences At Parc Vista, there are several four-bedroom unitsmarket are with on askingtween prices the of $882 be- More psf than and 20for units rent. $938 are psf. available are slightly morean expensive average with askingpsf price for of three-bedders. $1,033 Rulang Primary RULANG Primary in Jurongis West aMRT few station. streets ParcLakeshore Vista from are and some Lakeside The ofcondos the closest to theunits school available. that99-year leaseholds. have Both are on Several two- and three-beddersand are $812 for psf sale respectively. at The Northvale development (above) is at among Choa condos Chu within Kang a Loop 1km at radius an of average De price La of Salle $899 School. psf The 999-year leasehold A handful of units are available Several two- and three-bed- nia condo at Westan Coast average Park, asking at psf price of and $1,361 $1,224More psf than respectively. rent. 20 units are upCarabelle for condounits offers for sale and over forfrom rent, 10 ranging two- toaverage four-bedders. asking The price$1,283 ranges psf from to $1,379 psfon depending the unit type. at the freehold condo Thewhere Infiniti, average asking$1,007 psf prices for are $1,073 three-bedders psf and for four-bedders. De La Salle DE LAKampong SALLE Bahru but School hasChoa moved began to Chu in Kang. Condos1km radius within include a Northvale, The Warren and Yew Teeall on Residences, 99-year leaseholds. ders are forChoa sale Chu at Kang Loop Northvaleage price at at of an $899 aver- respectively. psf and More $812 psf thanare 50 up for units rent. T S E V N There are more than 10 three- At the freehold Dukes Resi- The 99-year leasehold Charm- The Levelz, a freehold condo in I Carabelle and The Infiniti. and four-bedders in totalat for the sale 999-year leasehold Botan- dence in Duchess Road,age the asking price aver- is $1,907(psf) per for sq ft two-bedderspsf and for $1,838 three-bedders. ing Garden condohas in a King’s handful of Road three-bedderssale for at $1,677 psf on average. Farrer Road, hasders a on few the one-bed- asking market at price anaround average of 20 up $1,555 for rent. psf, and Nan Hua Primary NAN Hua Primary isaway a from few Clementi streets MRT station. Nearby condos withmarket units on the include Botannia, according toSTProperty website. listings on the Y E N O M Some of those with units for Well-known schools there in- C2 Charming Garden and The Levelz, many landedThere are also homesprivate several completed condominiums nearby. 1km within radius of a the school. sale include Dukes Residence, Nanyang Primary NANYANG Primary is inmarket the Bukit up- Timah estate, with School in Clementi,School in De Choa La ChuPrimary Kang, Salle Rulang Schooland in Bukit Panjang Jurong Primaryin School West Bukit Panjang. look at private homesthe available west in zone. clude Nanyang Primary SchoolBukit in Timah, Nan Hua Primary WITH Primary 1to registration start set nextintake, month many parents for may the being look- 2014 for homes topopular rent or schools. buy This near week, we Units still up fornear grabs schools in as projects P1 registration nears popular schools West condos near HOT SPOT For Internal Use Only – Not For Circulation SOURCE: STRAITS TIMES For Internal Use Only – Not For Circulation THURSDAY, JULY 18, 2013 B11 B12 Asia’s CFOs bullish on business outlook B14 KepLand posts marginal Q2 gains INDONESIA Asia reiningINDIA in foreign property buyers Rapid rise in home prices prompting Legend: governments to curb purchases PLACE Most restrictions PROPERTY Apartments/condominium Some restrictions By CHERYL ONG Restrictions are less severe in Landed property Minimal or no restrictions Thailand, where foreign buyers FOREIGN property buyers are not can acquire freehold apartments RESTRICTIONS just feeling the heat in Singapore in up to 49 per cent of a develop- but face restrictions across the re- ment. Landed real estate can also IN ASIA PACIFIC CHINA gion, according to a Knight Frank be acquired for a lease of 30 years, Non-resident foreigners are not Foreigners can buy property without Research report yesterday. with the option to renew for two permitted to buy property in restriction but must pay a 15 per cent Governments have been impos- subsequent 30-year periods. mainland China. additional buyer’s stamp duty. ing curbs on fears that overseas Foreigners face fewer restric- Foreigners CHINA can buy private buyers have been taking advan- tions in Australia. Non-resident condominium units freely although they are subject to 15 per cent tage of low interest rates to dive foreigners can buy uncompleted additional buyer’s stamp duty. VIETNAM into Asian real estate, pushing up property or even land earmarked Sentosa Cove is the only place in Foreigners can buy apartments or prices in the process. for development. Temporary resi- condominium units with a 50-year lease. Hong Kong has adopted poli- dents may acquire one completed Singapore where non-PR foreigners cies similar to those in Singapore, home for their own use. may buy a landed home.* Foreigners are not allowed to own land. ruling that foreigners must pay a Singapore has extensive poli- stamp duty of 15 per cent on the cies in this area. Foreigners can purchase price. buy private condominium units VIETNAM MALAYSIA THAILAND THAILAND Rising property prices in but must pay an additional buy- Iskandar in Malaysia have led Jo- er’s stamp duty of 15 per cent. Foreign buyers can buy freehold for up to 49 per cent of a single development. hor Baru’s state government to an- And only permanent residents If exceeded, the tenure will be leasehold. nounce higher taxes on foreigners making a contribution to the coun- INDIA owning properties. These are ex- try might be granted permission Foreigners can buy land with a 30-year A foreign national of non-Indian origin lease.** pected to be implemented by the to buy landed property. residing outside India cannot purchase end of this year. But foreign investors will con- any property unless it is acquired by Foreigners are also restricted tinue to favour property in Singa- way of inheritance from a person who from buying properties for less pore because of its well-struc- was residing in India. MALAYSIA than RM500,000 (S$196,000). tured legal environment and clear No restrictions but subject to a general In Vietnam, foreigners can buy investment process, said Knight pricing threshold of RM500,000 apartments or condominiums Frank Singapore associate direc- (S$196,000) and above per unit. with a 50-year lease but are not al- tor and research head Alice Tan. INDONESIA lowed to own land. Although there are still oppor- A foreign national who is not a resident In many regional countries, for- tunities for foreign buyers in Asia or considered to benefit national development is unable to purchase eigners cannot acquire property if Pacific, land is still seen as sacred property in Indonesia. they are not already residents, not- in some countries, and the govern- Foreigners can buy uncompleted ed Knight Frank. In China, foreign- ments’ protectionist policies will properties or land earmarked for ers who have worked or studied continue to keep prices in check, NOTES: development. Foreigners cannot buy *Subject to Land Dealings (Approval) Unit’s approval. A foreigner (including a PR) may homes on the resale market. there for at least a year can own a noted Knight Frank’s Asia Pacific own only one landed home in Singapore (including Sentosa Cove) and this must be home for their own occupation. head of research Nicholas Holt. used for owner occupation. Restrictions on landed residential property that foreigners Foreigners in India can also buy a “The politically sensitive na- (including a PR) can acquire are: (1) The land area of the property must not exceed 15,000 sq ft. (2) The property must not be within a good-class bungalow (GCB) area. home if they live there. ture of foreign ownership is unlike- **The leasehold period is only 30 years which is the major restriction to foreign buyers.
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