International

Skyrocketing real estate prices trigger backlash against foreign buyers

Regulations in Hong Kong, Singapore, Malaysia aimed at overseas investors

This article by OPP Connect editor Adrian Bishop was originally posted on OPP Connect. Leading overseas real estate expert Andrew Batt has told Singapore TV there is a lot of money being invested in foreign property and it will go to those countries that make it easy for investors. Batt, international group editor of the Singapore-based PropertyGuru website, was interviewed on the Real Deal slot on Channel NewsAsia about global regulation and managing foreign investment. He talked about property regulations for overseas buyers in Singapore and Malaysia and how changes in the U.K. market would affect Asian investors. Batt, who is a regular guest, told presenter Annalisa Burgos, “There is a lot of money out there right now looking for investments in property, so the countries where it becomes easier to invest, where there are less tax regulations, the money is going to go to those kinds of places.” Looking at Singapore, he pointed out that the government had raised the...

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