View Full Version : Best place to buy property in Asia
http://edition.cnn.com/2012/12/04/business/best-property-asia/
Hong Kong (CNN) -- Forget the red-hot property market of mainland China -- a new forecast says investors should be looking south.
Jakarta -- Indonesia's burgeoning capital of nearly 10 million people -- is predicted to be Asia's top real estate market in 2013, ahead of cities such as Hong Kong, Singapore and Sydney in "Emerging Trends in Real Estate -- Asia Pacific 2013," a real estate forecast released this week by PriceWaterhouseCoopers and the Washington D.C.-based Urban Land Institute.
The recommendation to buy into Jakarta-based property may raise eyebrows, but PriceWatershouseCoopers says Indonesia's economic turnaround over the past few years has impressed international investors.
"Interest rates and inflation are under control, and while GDP is growing at around 6.5% annually, foreign direct investment is increasing at a much higher rate—39% in the first half of this year," the survey said. "Driven by increased demand from foreigners and locals alike, office rents shot up 29% year-on-year in the third quarter, according to (property services firm) DTZ."
That growth in demand helped Jakarta jump 10 places from its 2011 ranking but PwC warns the city's real estate scene is not entirely rosy. Difficulties in finding inexpensive bank loans, trustworthy local partners and land with disputed ownership all mean "caveat emptor" -- buyer beware.
China's financial hub of Shanghai keeps its number two spot from last year. The PwC survey says the city's retail property sector is heating up as investors shift away from the commercial sector, traditionally "the bread-and-butter investment for foreign funds in China for many years."
But PwC adds that foreigners are generally not as tempted to buy into Shanghai property as they were in the past. The major reasons: a real estate market that is already saturated, the rarity of commercial-grade investment buildings and Chinese regulators that are not as welcoming to foreign money as in years past.
The tiny city-state of Singapore, traditionally a safe bet for real estate plays, comes in a close third, falling from last year's first place. PwC credits the Lion City's strong position as an Asian financial hub, an uninterrupted supply of real estate projects and continued demand for high-grade office space as the country attracts more employees from multinational firms. Put simply, both supply and demand for Singapore property is expected to stay strong in 2013, PwC reports.
Asia-Pacific's Top 15 Asian Investment Prospects for 2013
1. Jakarta, Indonesia
2. Shanghai, China
3. Singapore, Singapore
4. Sydney, Australia
5. Kuala Lumpur, Malaysia
6. Bangkok, Thailand
7. Beijing, China
8. China--secondary cities (Chongqing, Tianjin, Shenyang)
9. Taipei, Taiwan
10. Melbourne, Australia
11. Hong Kong, China
12. Manila, Philippines
13. Tokyo, Japan
14. Seoul, South Korea
15. Guangzhou, China
At number 13, the real estate outlook for Tokyo signifies a ratings downgrade from "generally good" prospects to "fair" prospects. PwC says the ranking for Japan's capital is surprisingly "lackluster."
"Though investment potential appears good, investors have found deal flows restricted by the ongoing reluctance of local banks to clear bad debt from their balance sheets. A wide bid/ask spread has also limited transaction volumes."
The forecast's lowest-ranked city for real estate investment in 2013 is Osaka and ranks at the bottom in most survey categories, from investment and development prospects to office buy/sell recommendations.
One major reason is a glut of new office space that is still being completed. At the same time, PwC says "in small regional cities such as Osaka, investors simply do not know where the bottom is because of uncertain demand."
The silver lining is that Osaka's four-year oversupply of office space is coming to an end, PwC says.
a couple of our indonesian forummers here should be doing very well !!! :D :D right? indomie and proud owner !
buttercarp
05-12-12, 13:07
a couple of our indonesian forummers here should be doing very well !!! :D :D right? indomie and proud owner !
And bro hopeful too!
He is from Batam, right?
Wonder where is he?
But I am surpised that Indonesia came in first.
I own no.1 no.3. And no.4
I own 7 altogether huat ah...
buttercarp
05-12-12, 14:08
I own no.1 no.3. And no.4
I own 7 altogether huat ah...
My Indon neighbour also the same.
No need to work.
Just travel here and there to collect rental.
When in Singapore, just go jalan jalan, shopping, exercise.
So shiok.
Wife very simple, but wear big big diamond ring.
My Indon neighbour also the same.
No need to work.
Just travel here and there to collect rental.
When in Singapore, just go jalan jalan, shopping, exercise.
So shiok.
Wife very simple, but wear big big diamond ring.
It is always better to be dumb but lucky
I own no.1 no.3. And no.4
I own 7 altogether huat ah...
wah!!! good for you !!! :D :D :D
proud owner
05-12-12, 16:08
a couple of our indonesian forummers here should be doing very well !!! :D :D right? indomie and proud owner !
errr
i am not indo ....
errr
i am not indo ....
oops :ashamed1:
own several properties in no. 3 also very good !!! anywhere else? :D
oops :ashamed1:
own several properties in no. 3 also very good !!! anywhere else? :D
I agree no.3 is the best. Its got a good yield, low interest rate, respectable capital appreciation. In Jkt the yield is suck, the interest rate is 8% and u almost need hard cash to buy. The only good thing the jkt sellers never compromised on price. You either take it or leave it. Jkt sellers nearly never need to sell unless they need the money, so the price escalates like crazy.
My Indon neighbour also the same.
No need to work.
Just travel here and there to collect rental.
When in Singapore, just go jalan jalan, shopping, exercise.
So shiok.
Wife very simple, but wear big big diamond ring.
Sis, the wealth of the indo woman is determined by the height of her hair. Hahahaha....
Older generation hor.
I own no.1 no.3. And no.4
I own 7 altogether huat ah...
omg! my idol!! :money-faced1::money-faced1::money-faced1:
I agree no.3 is the best. Its got a good yield, low interest rate, respectable capital appreciation. In Jkt the yield is suck, the interest rate is 8% and u almost need hard cash to buy. The only good thing the jkt sellers never compromised on price. You either take it or leave it. Jkt sellers nearly never need to sell unless they need the money, so the price escalates like crazy.
Actually not only JkT, the whole of indo is like that. There is no such thing as a secondary market. Most people have multiple properties, you want my property, you pay my asking price.
Well, another riot, rape, loot will see jkt prices plummet, give people, people also dont want. i would avoid indo, esp jkt at all cost.
omg! my idol!! :money-faced1::money-faced1::money-faced1:
Aiyo, no. 1 and 4 are cheap lah. If own 7 of no 3 then is my idol. Like bro chestnut :p
i may be wrong but increasingly Tokyo property seems quite interesting to observe.. if have cash and pay off more % of loan (to avoid bad debt issue), perhaps rental rate in Japan will be quite interesting to consider.
given that the ppty there are generally freehold, and rental laws are more pro landowners, it is poised to do well.
Lastly, Japan has been undergoing deflation for almost more than 15 years now.. maybe its time for the sun to rise from the east again.
The problem with Indonesia property is that unless you are an Indonesian citizen, your only option is to purchase leasehold properties and the lease is only as short as 20 years.
Whats the point of that even if it does make price more affordable?
Take SG leasehold as a benchmark and multiply the price by 5 times.. im not sure whether it is still considered as cheap...
anyone wants to share how much an average 1 or 2 BR condo cost in Jakarta city centre?
i may be wrong but increasingly Tokyo property seems quite interesting to observe.. if have cash and pay off more % of loan (to avoid bad debt issue), perhaps rental rate in Japan will be quite interesting to consider.
given that the ppty there are generally freehold, and rental laws are more pro landowners, it is poised to do well.
Lastly, Japan has been undergoing deflation for almost more than 15 years now.. maybe its time for the sun to rise from the east again.
is their property still consider cheap nowadays?
The problem with Indonesia property is that unless you are an Indonesian citizen, your only option is to purchase leasehold properties and the lease is only as short as 20 years.
Whats the point of that even if it does make price more affordable?
Take SG leasehold as a benchmark and multiply the price by 5 times.. im not sure whether it is still considered as cheap...
anyone wants to share how much an average 1 or 2 BR condo cost in Jakarta city centre?
wa..never know it is only 20years for foreign investors
The problem with Indonesia property is that unless you are an Indonesian citizen, your only option is to purchase leasehold properties and the lease is only as short as 20 years.
Whats the point of that even if it does make price more affordable?
Take SG leasehold as a benchmark and multiply the price by 5 times.. im not sure whether it is still considered as cheap...
anyone wants to share how much an average 1 or 2 BR condo cost in Jakarta city centre?
Forget about jkt city centre. Look at the news, almost every month got problem, strike, riot etc. u just need a very very simple incident. E.g. indo chinese boss slap the indo worker, it flare into looting, raping, murder. City center? The only way to get out is to jump down the apartment.
buttercarp
06-12-12, 07:39
i may be wrong but increasingly Tokyo property seems quite interesting to observe.. if have cash and pay off more % of loan (to avoid bad debt issue), perhaps rental rate in Japan will be quite interesting to consider.
given that the ppty there are generally freehold, and rental laws are more pro landowners, it is poised to do well.
Lastly, Japan has been undergoing deflation for almost more than 15 years now.. maybe its time for the sun to rise from the east again.
Hi Ricade, I notice from tripadvisor that there are many private owners letting out their Tokyo apartments to holiday makers and some long stayers too. Do you know about their rental policy there? Do they need to get permit to let out their apartments? When foreigners sell their apartmetns, are there any restrictions eg must sell back to their locals, etc ? TIA :) .
The problem with Indonesia property is that unless you are an Indonesian citizen, your only option is to purchase leasehold properties and the lease is only as short as 20 years.
Whats the point of that even if it does make price more affordable?
Take SG leasehold as a benchmark and multiply the price by 5 times.. im not sure whether it is still considered as cheap...
anyone wants to share how much an average 1 or 2 BR condo cost in Jakarta city centre?
Jkt is not cheap now. If not because of absd, sg is more affordable. I am now looking for another market. The latest I bought is sydney. Do u know jkt deputy governor is a chinese now. The most expensive shop houses in jkt cost sgd 3mil. Its not cheap right.
Jkt is not cheap now. If not because of absd, sg is more affordable. I am now looking for another market. The latest I bought is sydney. Do u know jkt deputy governor is a chinese now. The most expensive shop houses in jkt cost sgd 3mil. Its not cheap right.
Bro, many people dont know Indo/Jakarta market... The escalation on Jakarta prices are much more than Singapore over the past 4 years... I know - I do work in Jakarta.
They see it from papers about riots, etc... but they dont know the intricacies around it lah.....
I wanted to get 1 unit in Jakarta under proxy... At the end, didnt do it... Hahahaha
Jkt is not cheap now. If not because of absd, sg is more affordable. I am now looking for another market. The latest I bought is sydney. Do u know jkt deputy governor is a chinese now. The most expensive shop houses in jkt cost sgd 3mil. Its not cheap right.jkt deputy governor chinese? we all know all these are for show lah. likewise, last time also got a minister chinese too. for show to the world only, post-riot so as to improve image and attract foreign investments.
indo is a unique place, 10 years before and 10 years after, nothing change. over the same period places like KL has gone up leaps and bounds, jkt? A capital city which until now then got plans for MRT and also who knows how long it will take to materialise, after fattening the wallets of the few.
better put your money in sg and sydney.
Bro, many people dont know Indo/Jakarta market... The escalation on Jakarta prices are much more than Singapore over the past 4 years... I know - I do work in Jakarta.
They see it from papers about riots, etc... but they dont know the intricacies around it lah.....
I wanted to get 1 unit in Jakarta under proxy... At the end, didnt do it... HahahahaSorry chestnut, you are NOT There during the riot, so you wont know the seriousness of the issue. my close relative was there and the whole family managed to escape to singapore.
Of course jkt prices increase alot because it is a case of you want it, you pay my asking price. holding power is very strong in indo. Most properties ar fully paid there, even if on home loan, usually 5 years they will clear it. so cannot compare to singapore.
buttercarp
06-12-12, 08:14
Sorry chestnut, you are NOT There during the riot, so you wont know the seriousness of the issue. my close relative was there and the whole family managed to escape to singapore.
Of course jkt prices increase alot because it is a case of you want it, you pay my asking price. holding power is very strong in indo. Most properties ar fully paid there, even if on home loan, usually 5 years they will clear it. so cannot compare to singapore.
Wow, a close shave for them!
Can imagine the seriousness of the issue!
Btw, if a property is damaged due to riot, insurance won't cover, right?
Wow, a close shave for them!
Can imagine the seriousness of the issue!
Btw, if a property is damaged due to riot, insurance won't cover, right?it depends, if too much claim, the insurance company may just declare bankrupt, close shop, open new one.
Sorry chestnut, you are NOT There during the riot, so you wont know the seriousness of the issue. my close relative was there and the whole family managed to escape to singapore.
Of course jkt prices increase alot because it is a case of you want it, you pay my asking price. holding power is very strong in indo. Most properties ar fully paid there, even if on home loan, usually 5 years they will clear it. so cannot compare to singapore.
Bro, 1998 was a unique case... I do have many Indo friends and they did come in Singapore. This was the only serious riot.... The rest of the "riots" are carried out by "professionals".
I share with you something very serious... The best place to make money is when a country is "undeveloped" and potentially going to "developed" status... That is where the growth is "limitless".
So if you want a bang, go for low base, thats where the growth is... Of course you dont put all your eggs in 1 basket.
If you put 10k in to 10 potential multiple bagger stocks, u hit 1, you steam already....
So during crisis, you whack multiple casino stocks in US, u whack multiple financial stocks in US, you will be amazed at the results. Not many did that. You need "cash" to play...
I not here to convince hor, I just saying, you must take some money out to play the high risk game... I hope you got my message...
jkt deputy governor chinese? we all know all these are for show lah. likewise, last time also got a minister chinese too. for show to the world only, post-riot so as to improve image and attract foreign investments.
indo is a unique place, 10 years before and 10 years after, nothing change. over the same period places like KL has gone up leaps and bounds, jkt? A capital city which until now then got plans for MRT and also who knows how long it will take to materialise, after fattening the wallets of the few.
better put your money in sg and sydney.
Yes I agree, jkt people prefer economic development to happen in their own pocket rather than the physical infrastructures. But I don't mind on the situation at all. Infrastucture is easy to build but very expensive to maintain. I would rather pay low tax than enjoy the mrt to commute to work. But this situation won't stay like this forever. Tax will increase when they upgrade the infrastructures.
Yes I agree, jkt people prefer economic development to happen in their own pocket rather than the physical infrastructures. But I don't mind on the situation at all. Infrastucture is easy to build but very expensive to maintain. I would rather pay low tax than enjoy the mrt to commute to work. But this situation won't stay like this forever. Tax will increase when they upgrade the infrastructures.
Bro, to me, you have best of both worlds man...
Indo - A world where everything can be done with a little bit of greasing. U take money from Singapore and become like King
Singapore - Safety, security and system...
Cheers :cheers4:
Bro, to me, you have best of both worlds man...
Indo - A world where everything can be done with a little bit of greasing. U take money from Singapore and become like King
Singapore - Safety, security and system...
Cheers :cheers4:
U see, even if u live in the jungle of africa but u are the king, is much better than to live in new york as an office worker. Bro Chestnut is correct to say that in the future our daily expenses in the rich country is the one that kill u. No matter how much saving u have, it will still not enough.
Soon the indonesia gov will revise the foreign ownership ruling to 60+60 years. It will be more attractive for foreign investor. Get yourself educated in which area is good for investment or call your relatives in jkt. I think being the first in line has its benefit.
Soon the indonesia gov will revise the foreign ownership ruling to 60+60 years. It will be more attractive for foreign investor. Get yourself educated in which area is good for investment or call your relatives in jkt. I think being the first in line has its benefit.
Bro, the minute they open up foreign ownership... I cheong in... They brought up this year but not settled leh... Bro, policy change like foreigner can invest will change the entire paradigm. Bro, if I were you, I hoot 2 units in Jakarta.... Swee swee... Surely fly... Sorry, forgot to put a zero behind the two. Hahahahaha. But bro be careful hor, if put in wife name, the legal system always pro Indonesian. Who am I to tell you all this??? hahahaha
:cheers5::cheers5::cheers4::cheers4::cheers4:
Soon the indonesia gov will revise the foreign ownership ruling to 60+60 years. It will be more attractive for foreign investor. Get yourself educated in which area is good for investment or call your relatives in jkt. I think being the first in line has its benefit.
are they doing that?
Bro, the minute they open up foreign ownership... I cheong in... They brought up this year but not settled leh... Bro, policy change like foreigner can invest will change the entire paradigm. Bro, if I were you, I hoot 2 units in Jakarta.... Swee swee... Surely fly... Sorry, forgot to put a zero behind the two. Hahahahaha. But bro be careful hor, if put in wife name, the legal system always pro Indonesian. Who am I to tell you all this??? hahahaha
:cheers5::cheers5::cheers4::cheers4::cheers4:
Just to add, always buy the big name (summarecon, podomoro, sinarmas). These developer has the capacity of building the whole township from scratch. Jkt population is 12mil now, in the next 10 years it can reach 20mil. It will put jkt in the category of megacity along with tokyo and mumbai.
HK commercial property market is superb hot
凱旋門高層呎價63492 創新高[17:45] 文章日期：2012年12月4日
香港置業九龍站擎天半島分行助理區域經理鍾廣輝表示，剛促成凱旋門1座極高層A室成交，單位面積3465平方呎，成交價約2.2億元，平均呎價約63,492元，創分層單位呎價新高。
原業主於2005年4月以約9009萬元購入單位，是次轉售帳面獲利近1.3億元。
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