Cooling demand and uncertainty in the Singaporean property market will see investors flock to the Emerging Markets Property Show at Singapore’s Marriott hotel on the 8th and 9th of October 2016.
The show is a collaboration between Cambodia’s leading property portal website, Realestate.com.kh, and Asia’s top property portal network, the PropertyGuru Group.
Annual events, such as the upcoming Emerging Markets Property Show to be held in Singapore this October, are uniquely structured to open up new opportunities in overseas property demand for Cambodian-based developers.
At the show, prospective property investors will have the privilege of gaining firsthand information from the developers themselves and will also be given valuable insight from a panel of expert speakers.
The show provides an avenue to reach out to quality investors looking to purchase Cambodian properties – be it for short-term rental yields, long-term capital appreciation, or simply for retirement.
Singaporeans are increasingly targeting the Cambodian market for a variety of reasons.
The implementation of property cooling measures of late, such as the Additional Buyer’s Stamp Duty (ABSD), means Singaporeans need to pay an additional seven per cent tax for a second property and ten per cent tax if they own three or more properties.
Meanwhile, the Total Debt Servicing Ratio (TDSR), which effectively limits the amount that Singapore’s financial institutions can lend out, is another policy that is pushing investors to look abroad.
Despite these cooling measures, there remains a lot of capital liquidity and huge wealth in Singapore. At the same time, Khmer depreciation against the Singapore dollar makes property investment in Cambodia especially attractive; and additionally, Cambodia offers an economy where their investment then remains in US dollars.
The upcoming October show comes after a highly successful Cambodia Property Show held in Singapore last month.
Commenting on the previous show in May, Sam Yang, CEO of Eastland Development, a company with a host of Cambodian-based development projects, said “the attendance across both days at the Cambodia Property Show on site sales and the 25 plus Singaporeans now booked to travel and visit my development sites in Cambodia, is proof that Singaporean investors now identify Cambodia as a prosperous investment landscape.”
A Singaporean investor at the two-day expo mentioned, “Cambodia presents an attractive proposition as an investor, and the returns are a lot more attractive than Singapore; but also neighbouring countries – for example Thailand.”
He went on to say, “the development infrastructure such as improved motor ways, special economic zones, deep sea ports and a slated rail network will only add to investor confidence in the Cambodian real estate market moving forward.”
The next show, from 8 to 9 October 2016, promises to build on this success.
Time: 11am – 7pm
Venue: Singapore Mariott Tang Plaza Hotel (located above the Orchard Road MRT station)