Category: Asian Property

Chinese goverment vows to boost property market

China has experienced some excellent property price growth recently, with the past five years seeing double-digits, however the latest figures show that the annual growth rate has plummeted to around 9 percent, well below most forecasts. The slowdown is thought to be partly down to global financial worries and some experts believe the slowdown will continue if China’s exports start to be affected.

The Chinese government have vowed to help boost the property market’s growth rate back up again by investing in even more infrastructure projects including roads, airports, nuclear power plants and hydro-electric power stations. Taxes on residential properties purchases will also be lowered.

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Shanghai restricts foreign property investors

Shanghai’s government is reportedly trying to open up the domestic property market by putting restrictions on foreign property investors.

The government is looking to ban all foreign investors and non-permanent Chinese citizens from buying property and real estate in Shanghai, whilst simultaneously working on a new property purchase system for non-permanent residents, although it is understood that workers on temporary permits would be exempt from the restrictions.

Goa – Good future prospects

Property in India, in particular Goa, is set to be one of the latest world property hot-spots. Goa’s tourism industry has exploded in recent years with over 2.5 million people now visiting a year. This tourism boom, combined with a wonderful climate, excellent infrastructure and a strong rental market is helping the property market in Goa become recognised by international property developers. Many believe that property bought now will make a return well into the double figures over the next 5 years, with some even believing they will double their money.

India’s Property Market Sees Sharp Decline

According to Indian real estate analysts, the property market in India, once booming, has ground to a halt over the last two months with a huge drop of 50% in the number of property transactions. For the first time in three years, property investors are actually having to drop prices to bolster demand.

Developers on the edges of big cities have found the past couple of months difficult, with prime locations within city centres holding their prices best. An example of this is Khargar, on the edges of Navi Mumbai. The prices here have declined by up to around 20%, however the prime location hotspots of the Palm Beach Road Promenade and the land around the proposed new airport have not seen any declines in prices.

Thailand – Beauty and Culture

The Kingdom of Thailand, otherwise known as Siam, is situated in the heart of South-East Asia. It’s central position means it’s the natural gateway to Myanmar, Indochina and Southern China. There are five major regions – the North is filled with mountains and forests; the Central Plains offer vast rice fields; the North-East is filled with semi-arid farmland; the East has sparkling water and golden beaches; the South houses tropical islands and extended coastline.

Thailand’s foreign investment rules to be changed?

Business leaders in Thailand have said that the changes to foreign investment rules suggested by the government were politically motivated and have left many foreign firms facing an uncertain future. Earlier this month, the government proposed closing the loophole in the Foreign Business Act to limit foreign investors to holding less than 50 percent of shares and voting rights within a company. Many international companies have been using this loophole to support their Thai operaions and the proposal has caused concern amongst the foreign investors based in Thailand.

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