HK v Singapore Property Market

Posted by cheeky (112 days ago)

We are relocating to Singapore and wondering whether to invest in a property in HK before leaving or perhaps wait a few months before investing in Sing. Anyone done something similar? - your opinions are welcomed.

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Tags invest, market, property

Posted by Cruz (112 days ago)

I have owned property in both markets (on a very small scale, I have to add). Both are equally strong right now with strong rental markets. In your shoes I would buy in S'pore, basically because you are moving there. Far easier to manage plus the currency risk to you is zero. If you keep a place here you will need to have it managed.
Long term capital appreciation is equally attractive for both markets, in my view. Both have had a good run over the past 2-3 years, reflecting the strength of the underlying economies. And both will be equally impacted in the event that global economic events unfurl and impact global growth etc etc.
Only small concerns I have over S'pore vs HK are that there is a much higher non-local investor ownership there, which is less "sticky" than domestic ownership. And there appears to have been a huge number of new property launches recently from which new supply comes on stream next year and 2010 which needs to be rented out. Happy to be corrected by anyone better informed here.

Posted by NaomiInChains (110 days ago)

I think Cruz has it spot on - to mange apmts from a distance is a hassle but given the potential large supply in Singapore coming up I think its got a higher risk level than buying in Hong Kong.

Central MidLevels was the first location to rebound after SARs and with the upcoming developments in the area to make it more liveable, I would focus on this area personally for the long term

Posted by cheeky (110 days ago)

Thank you both for your opinions. There are valid points on both sides.

do you think that the introduction of some of the large casinos to Singapore will affect the prices in Sing?