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Have you ever wished of having a small hideout in the Swiss Alps? Here is an opportunity.

Under Swiss Federal Law, known locally as “Lex Koller”, international buyers need to get a special permit if they want to buy a property in Switzerland.

However, Holiday Village Andermatt Reuss is an exception. In 2006, the Swiss government ruled to exempt the village from Lex Koller. So far, the exemption is only until 2030.

Nestled in the midst of abundant natural beauty, the doors to this historic village in Switzerland are thus open to the world.

People from any nationality can buy a property in Andermatt. No restrictions. No special permission. That’s not all. You’re also free to rent, transfer or sell your property, as there is no minimum holding period or any inheritance or gift tax.

If you’re already feeling drawn to the offer and trying to imagine what awaits you, here is your window to heaven on earth – Andermatt – quintessentially Switzerland.

Popular among skiers and golfers, Andermatt is set in the Mediterranean ambiance in the Canton of Uri region. Surrounded by snow-capped mountains of Gotthard glaciers, the village sits at an altitude of 1,400 metres above sea level.

The picturesque village has preserved its culture and consciously made sustainability the cornerstone for its development.

 

Biodiversity features

  • • 52 water features
  • • 44 species of butterflies
  • • 24 species of birds

 

Dull moments in Andermatt? None!

A holiday destination for leisure and sports for over 200 years, Andermatt never has a dull moment. On the contrary, there is a lot to do, especially if you’re a nature lover or have a passion for outdoor activities.

During winters, there are options of snowboarding, sledging, tobogganing, ice-skating, ice hockey, biathlon and many such sports. The Ski Arena Andermatt–Sedrun with its 120 kilometres of long and varied pistes, deep descents and cross-country trails is the largest and most modern in Central Switzerland.

 

 

In the less snowy months, you can walk or hike in the region or cycle on narrow cobbled lanes or go fishing in the lake, or simply have a leisurely ride on a historic horse carriage. The village also boasts of having a lush 6,340-metre-long 18-hole Swiss Alps Golf Course.

Looking for adventure? You can go mountain biking through rugged trails or rock climbing.

The village doesn’t disappoint anyone.

The inquisitive minds will fall in love with Andermatt instantly.

At the Ursern Valley Museum, you can spend hours turning the pages of history discovering some interesting facts about the region. How the Schollenen Gorge and Gotthard pass became a gateway for people, business, and the war in 1799. How the Gotthard railroad tunnel opened in the 19th century. How Hollywood spotted it as a location for their 1964 James Bond movie Goldfinger, and slowly Andermatt transformed into a commercial and holiday destination.

Ever since then, the village had been on the international tourism map. 

Every year, it draws hundreds of music lovers to the Lucerne Festival – one of the most famous international festivals for classical music, held at the Andermatt Concert Hall. There are round the year open-air theatre performances, art shows, and many other cultural activities that attract the literary world to the village.

Food is an essential part of any culture. Andermatt too is known for its dining culture – local specialties as well as international cuisine.

 

Quality of life

In fact, Andermatt is all about an enviable lifestyle – culturally rich, healthy due to zero pollution and carefree because of guaranteed safety. The crime rate is considerably low in the region.

Motorised vehicles aren’t allowed on the inner roads. But as everything is within walking distance, the air pure and the roads safe, you won’t mind stretching your legs. Cars remain parked in the underground car parking with direct access to apartments, hotels, resorts, and chalets.

The village has preserved its heritage even in its construction activities. And it reflects in its architecture that integrates modern designs with the traditional alpine style. Only locally available wood and stones are used in the construction.

As Swiss standards for sustainability are strict, all developers follow that ensuring reduced energy requirements and use only renewable sources for electricity and heat generation. The developers even rejuvenated the River Reuss during construction activities.

 

Your connection with the world

Considering the quality of life, Andermatt is your natural paradise. But you’ll never miss the glamour of the city life with pulsating Milan just two-hour drive away. The village is well connected with the rest of Europe. The nearest airport is Zurich only 90 minutes away by car. You can take a regular train or the Glacier Express through the gorgeous Swiss Alps, or drive through breathtakingly beautiful alpine passes on the way to your destination.

  • • Zurich – 1.5 hours
  • • Milan – 2 hours
  • • Stuttgart and Munich – 4 hours

 

 

Tourism as a driver of growth

Andermatt is growing increasingly popular as a holiday destination. Accordingly, the demand for holiday rentals is also increasing.

According to Andermatt Swiss Alps AG data, the number of Swiss tourists has increased over the years.

  • • 2015 – 55,000 domestic tourists
  • • 2016 – 62,000 domestic tourists
  • • 2017 – 70,000 domestic tourists
  • • 2018 – 73,000 domestic tourists

 

The stability of Switzerland’s currency is another attraction drawing people to invest in real estate in this region. Swiss Franc remains in global demand and provides security for capital invested.

Besides, the country has attractive tax policies and is known for high legal security and political stability. According to a KPMG report, the Canton of Uri offers lower corporation tax rates of 14.92% and offers the choice of lump-sum taxation for non-Swiss nationals.

 

Benefits galore

Normally, the safety of the property and its upkeep remain major concerns of any foreign buyer. But this is not the case, especially if you are buying from the developer Andermatt Swiss Alps AG. They’ll help and guide you in every step of the process or may go the extra mile.

You would be surprised when they encourage you to generate income through the property if you don’t live there. They offer financial incentives as well as a rental program to rent out the vacant apartment.

Also, if you neither want to stay there nor want to rent out your house, yet wonder who would look after it in your absence, you need not worry. The developer has tailor-made services to offer.

While staying there, you can enjoy the comforts of your home but the luxuries of a hotel.

  • • Concierge – they will arrange ski instructors, golf lessons or even take care of restaurant reservations
  • • Housekeeping including laundry service – you don’t need to waste time doing mundane chores
  • • Shopping assistance – in case you’re busy in outdoor activities, they will organise your basic needs

 

If you decide to lock your house and head back home, the developer will look after your property.

  • • Apartment maintenance – they ensure regular cleaning of your apartment in your absence

 

There is more:

  • • 20% discount on a full-day pass to SkiArena
  • • 20% discount on the green fee for the golf course
  • • 10% discount on spa treatments in the Chedi Andermatt

 

As a privileged resident, you also get a Guest Card from Andermatt Tourism Region that allows you to avail a variety of tourist offerings at special terms and rates.

If you’re interested to get a slice of the very limited Swiss property pie, come down to our Wine & Cheese event on the 21st of August to learn more about Andermatt Swiss Alps, including a private presentation by the developer. Click HERE for the event page to register your interest.

For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com.

 

13 Aug 2019

You might say that Singaporeans have a love affair with London.

Almost all of us are familiar with Big Ben, the London Eye, Tower Bridge, and other famous landmarks lining the River Thames.

It’s part of the reason why the UK's Land Registry reports that investors from Singapore are among the top 10 buyers in London, accounting for over 20 percent of all overseas buyers in the city.

The famed London culture, educational facilities and lifestyle benefits are part of the attraction; and it can also make great financial sense.

London represents an opportunity to invest in a high-profile, stable economy where homes are becoming more affordable and the number of people looking for rental properties is climbing.

Now there’s an opportunity to experience London’s beautiful river panoramas up close from one of the most exciting residential and investment spots in the city…

Canary Wharf: A prized location with a growing reputation…

 

Photo: view west

 

Previously known as the “docklands” area and more recently considered a financial hub of London, growing numbers of international and local residents are calling Canary Wharf “home”.

The area has been a focus of residential development activity in recent years, with 5,426 units presently under construction.

As Londoners increasingly embrace the east of the city, most analysts see Canary Wharf as a residential hotspot.

It’s within walking distance to thousands of offices and just a 15-minute journey into the City of London.

City airport is just a few kilometres to the east and, with the Crossrail network connecting Canary Wharf very soon, Heathrow will be less than half an hour away.

 

Photo: 1: Crossrail Station, Canary Wharf; 2: South Quay Foot Bridge, South Dock; 3: Docklands Light Railway, South Dock

 

With so many high-profile developments in Canary Wharf, an array of top-class restaurants, riverside bars, cafés, and nightlife have followed. There’s also a surprising amount of green space.

For Singaporean parents looking to send their children to study in the UK, the proximity of Canary Wharf to several top universities, including Imperial College, UCL, LSE and King’s College is also a welcome attraction.

The excellent transport links, riverside location, affordable prices, and rental opportunities make Canary Wharf a fascinating option for Singaporeans looking for their own piece of London.

Why invest in Canary Wharf?

Apart from the location and lifestyle factors already mentioned, Canary Wharf is a prized location for developers and investors alike.

Residential prices are expected to increase 19 percent by 2023 and the projected rental yields are 4.5 percent.

Both price and rental growth are expected to remain strong - higher than the Central London average over the next five years.

 

Source: JLL, UK Residential Research | May 2019

 

Over 100,000 people are employed at Canary Wharf, a number that is expected to double over the next decade. (source)

This provides a natural rental market for property owners, as many London-based professionals now consider renting as the norm.

Canary Wharf is one of the largest employers of bankers and financial, legal and media executives in Europe, with salaries well above London average.

This makes it an affluent area attractive to both renters and investors.

Stunning views from an established name in Canary Wharf developments

 

Photo: view across the Thames from Southwark

 

Landmark Pinnacle is an eye-catching tower of glass and stainless steel reflecting the iconic London skyline from Canary Wharf.

This new development will become one of the tallest residential buildings in the UK, rising to 239 metres and housing an amazing 75 floors.

It sits directly adjacent to the Landmark West and Landmark East buildings, which were completed in 2009 and 2010 respectively.

These buildings are the most popular for rental in Canary Wharf, with strong yields and resale performance.

This is testament to the strength of the Landmark property brand and should instil great confidence in investors.

 

 

Landmark Pinnacle was designed by world-renowned architects, Squire & Partners, responsible for iconic buildings across the UK, Europe, North America, Africa, and Asia.

With its impressive height and 360-degree views, this high-profile development was recently featured in The Telegraph article 28 incredible skyscrapers of the future.

 

 

Squire & Partners purposely designed the building to maximize natural daylight and to take advantage of the stunning views afforded by the 750 apartments at all levels of the building.

Such views are normally only achieved from an aircraft!

Landmark Pinnacle also provides a complete package of elite-level amenities and facilities, including a cinema room and an internal play garden for children. You can even work out at the highest gym in London.

 

 

Find out the details at the first Landmark Pinnacle launch in Singapore!

To find out more, join us on July 27th or 28th at the St Regis Hotel.

Whether you’re an experienced investor or you’re looking to invest overseas for the first time, we’ll walk you through what’s involved; and our property specialists can answer all your questions about this fantastic new development.

DATE: 27th & 28th of July 2019

TIME: 11am – 7pm

LOCATION: St Regis Hotel (Diplomat Room)

Register HERE and see you there!

 

Canary Wharf, UK Residential Research, May 2019

Download here

Landmark Pinnacle Brochure

Download here

24 Jul 2019

For those in the know, Portugal has been generating superb investment and lifestyle opportunities in recent years.

While investor appetite for Europe hit a seven-year low in 2019, investors are still talking about Portugal and, in particular, its capital city Lisbon.

Why?

For starters, it was recently ranked the number one city for investment and development in Europe in a Price Waterhouse Cooper report on emerging trends.

Add the attractive investment conditions (growing house prices and rental yields) and the “Golden Visa” initiative for investors looking to make Portugal home, and the city represents a very attractive package.

Let’s take a closer look at the key attractions of Lisbon for prospective investors.

 

Lisbon leading the way

Portugal’s capital city, Lisbon, is leading the way as the country’s “feel good factor” grows.

A good indicator of this is the city being named in first place on Price Waterhouse Cooper’s 2019 Emerging Trends Europe leader board.

This is a measure of the real estate markets in major European cities, according to their overall investment and development prospects.  

 

Source: PWC, Emerging Trends Europe survey 2019; Note: Respondents scored cities’ prospects on a scale of 1=very poor to 5=excellent and the scores for each city are averages; the overall rank is based on the average of the city’s investment and development score.

 

As you can see, Lisbon left other key investment hubs like Berlin, Copenhagen, Frankfurt, and Dublin in its wake.

The city wasn’t even in the top 10 in 2018. So top placement represents quite a leap in its perceived investment prospects. 

The city’s high quality of life, comparative low cost of living, solid economy and excellent transportation network have contributed to this, helping to develop its international reputation as a dynamic rising star in Europe.

It is now rapidly competing with the continent’s more established cities.

Lisbon’s new airport, due to be unveiled in 2022, is expected to serve over 50 million visitors per year and an upgrade to the metro system is under construction, adding to the sense of expectation surrounding the city.

 

 

“Golden visas” and tax benefits

Several interesting government initiatives make Lisbon doubly attractive for potential investors.

Firstly, the “golden visa” program grants visas to non-European citizens and their families, and can be obtained through investment in real estate.

To qualify for a golden visa, you need to commit to either:

• Minimum € 500,000 in the acquisition of a property

• Minimum € 350,000 in the acquisition of a property for rehabilitation

Since 2012, this visa has allowed free travel around the Schengen region and the possibility to apply for Portuguese nationality.

Another attraction for overseas investors is the potential tax benefits for non-habitual residents since 2009.

There is a low tax burden, with free remittance of funds, no inheritance or gift tax and no wealth tax in Portugal.

For citizens who decide to establish their tax residency in Portugal and who have not earned income there in the last five years, the benefits vary between complete tax exemption (for pension income, rental income and capital gains) and a flat 20 percent rate on other income earned inside the country.

 

 

A strengthening real estate market in Lisbon and beyond

Encouraging economic data and the increasing stability of Portugal have produced favourable knock-on effects for the real estate market in Lisbon.

The inherent volatility of capital markets and low interest rates, in particular, have spurred the sector.

JP Morgan observe that real estate is generating better long-term returns compared to other asset classes (bonds and equity):

 

 

Another excellent sign for the real estate market is that home values are increasing.

 

 

Between 2017 and 2018, houses prices in Portugal increased by 8 percent, according to the National Statistical Institute of Portugal.

Much of the development of new homes in recent years has focused on the higher end of the market and short-term rentals in Lisbon.

At the same time, affordability compared to the rest of Europe is helping Lisbon stand out for property investors.  Prices there are significantly lower than in other European capitals.

 

 

According to the 2018 RICS survey, residential prices are expected to continue to grow in the next five years by around 5.5 percent per year on average.

 

Growing rental yields

The good news for property investors in Lisbon continues when we look at rental yields.

Yields are increasing across all the main markets as demand outstrips supply in office, retail, and residential:

 

 

In 2018, for instance, gross residential rental yields in Lisbon grew by 6-8 percent, depending on location (outskirts or city centre).

These increases have been fuelled by increasing demand, particularly in short-term-rentals as tourist numbers rise; and in long-term rentals as international companies are increasingly attracted to what Lisbon has to offer.

 

A resurgent Portuguese economy

Some Singaporean investors might be thinking “wasn’t Portugal struggling just a few years back?”

Around a decade ago, after the Global Financial Crisis, Portugal was classed alongside Ireland, Italy, and Spain as a struggling economy. For five years the country went through a period of readjustment.

That all changed in 2016-17. Since then, there has been a dramatic recovery.

Increased international exposure, new foreign investment projects creating thousands of jobs, and the implementation of expansionary policies to increase liquidity in the financial markets have propelled Portugal into the consciousness of investors everywhere.

According to Ernst & Young:

“Business leaders’ assessment of Portugal’s attractiveness is changing, with clear signs of stabilization. But while the unusual optimism of the last two years is readjusting, Portugal’s attractiveness remains strong and short-term investment plans in the country are among the highest in Europe.”

Interest rates are low (1.44 percent in 2018 compared with 5 percent in 2008); Gross Domestic Product (GDP) grew by over 2.1 percent in 2018; and Portugal has exceeded the Eurozone’s average GDP for the last four years.

The Bank of Portugal expects the economy to continue expanding at a steady pace in 2019.

Two of the three big rating agencies, Fitch and Standard & Poor’s, now place Portugal in the quality investment level.

 

Increasing stability and competitiveness

Stability now reigns in the Portuguese economy. This combines with the political and social stability that the country has enjoyed for centuries, increasing its attractiveness to investors.

Before the Global Financial Crisis, large investments were made in the country’s infrastructure, including the refurbishment and modernization of schools, hospitals and motorways.

This has all helped to make Portugal an increasingly competitive country on the international scene.

The World Economic Forum recently placed Portugal as the 34th most competitive country in the world, up four places from last year.

Leading the way in industry is the technology sector. Portugal has become a top destination for research and development and tech companies. Tourism also plays a key role…

 

Tourism on the up

Tourism is an important part of the Portuguese economy, contributing 12.2 percent of GDP in 2016.

It’s a key job creator that the government looks set to continue promoting. Last year alone, tourism was responsible for creating over 50,000 jobs.

As most other economic indicators have improved over the past five years, so have tourist numbers.

Between 2013 and 2017, numbers increased by 44 percent. During the same period, revenue increased by 64 percent.

Portugal was also ranked number one in the Travel BI World Travel Awards & European Best Destinations, Country & Cities rankings ICCA 2017.

 

 

Secure and peaceful with a high quality of life

Expat Insider 2018 (Internations) recently ranked Portugal as the sixth best country in the world for expats to live in - and number one in Europe.

Part of the reasoning for this is its security and high quality of life.

Along with the excellent infrastructure already mentioned, it ranks well for access to public health services and high-quality educational facilities, including high-performing universities.

The country is also ranked as the fourth most peaceful country in the world by the Global Peace Index 2018.

Widya Lesta, JLL’s Director of International Residential Singapore, explains:

“High quality of life, tax benefits, property price growth, the Golden Visa programme, vibrant tourism industry - all of the above makes investing in Portugal an attractive proposition for adventurous Singaporeans look to explore new markets.”

But remember, no investment decisions should be made without thorough research and trusted professional advice.

For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com

 

09 Jul 2019

Why is it worth investing in condominiums in Berlin? What characterizes the real estate market? What does the city offer in terms of culture, education and infrastructure?

In our report "Why Berlin" you will learn everything about the German capital: information about the housing market, economic conditions, important industries and everything that makes everyday life worth living. Download our report now and let Berlin inspire you - as an investment or as a new centre of life in your new condominium.

 

Download

 

 

23 May 2019

Alexanderplatz, Berlin, Germany

 

 

On every investor’s short-list of the globe’s safest harbors for capital is Germany, renowned for its steady local and national governance, strong property rights, low national debt, trading surpluses and solid economy. In prudently diversifying an investment portfolio, exposure to Germany is always a front-running option.

 

Of course, even buying German property involves some measure of risk, and challenges on the path the profitability.

Moreover, due to German capital gains taxes that expire after a 10-year hold after purchase, a long-term investment is advised.  And the “low-hanging” fruit days are over in Germany—housing prices in many German cities are up 80% from the Global Financial Crisis of 2008. Germans and the world have recognized the strengths of Teutonic property.

That said, housing has been and promises to be among the most-secure and profitable pathways to profit for offshore investors in Germany, most notably in Berlin and Frankfurt.

 

Tight Housing

 

Despite the rising prices, the housing supply in Germany remains constrained by regulations and local property rules, as is common in developed nations. 

Indeed, German Chancellor Angela Merkel, facing reelection, recently said that the nation urgently needs 1.5 million additional units, but redress is hardly certain.

Homeownership rates in Germany are below European averages, a legacy of Germany’s past, and the history of East Germany.  In general, Germans may migrate into higher homeownership rates in the years ahead, another positive for housing markets.

Berlin, the nation’s capital and largest city, is at the epicenter of the new Germany, attracting professionals, tech-businesses and start-ups, and favored by a growing population—a far different picture than one of an “aging Europe.” 

Through 2030, Berlin population is projected to grow at 3% annually, outstripping new housing supply—indeed, in the last year 50,000 people moved into Berlin, but only 9,046 housing units were built.

Wages are rising. With scant vacant housing, average apartments in Berlin sell for about S$3060 per square meter, and are rising annually.

 

 

Foreign Investors

 

For investors moving to Germany for work or to live, the German financial system is remarkable in that lenders will finance up to 100% of house or condo purchase price.

But for investors who stay offshore, lenders will finance only up 60%, thus requiring a 40% down-payment from foreigners. That results in a long-term tie-up of a substantial chunk of capital.

Also, one of the challenges in Germany is that income made from letting any German property is subject to 14% to 45% income tax. However, mortgage interest, management fees and any value depreciation are all tax-deductible.

Also, German banks are known for thoroughness in documenting income and to whom they are lending.

 

Still a Buyer’s Market?

 

Despite recent appreciation, Berlin remains one of the world’s more-affordable global business centers. The total costs of renting office and living space in Berlin posted at $31,100 per employee per year, against $111,900 in New York, $108,200 in Hong Kong and $95,900 in London, according to a recent survey by a major property-brokerage. For a multi-national corporation seeking a European regional operation headquarters, Berlin is a natural choice, and will remain so for the foreseeable future.

 

 

Frankfurt is Germany’s financial center, home to the nation’s stock and bond exchanges, and its growing financial technology, or “fintech” sector.

Some investors speculate that Frankfurt, home to the European Central Bank and such commercial bank giants as Deutsche Bank, will attract new professional migrants if London recedes as a global financial capital, due to the “Brexit, or Great Britain’s departure from the European Union.

With about 736,000 residents, Frankfurt has a housing shortage of about 50,000 units, and a very tight residential vacancy rate of 1.5%. Apartments in Frankfurt sell for about S$2,700 per square meter, and prices rise annually. Like Berlin, Frankfurt is much less expensive than most other global cities.

Berlin and Frankfurt, with relatively inexpensive housing and business rental costs, yet with First World amenities, and growing economies and populations, present peerless opportunities for security and appreciation to global investors.

 

Buying an apartment in Germany

 

1. You decide to buy a property in Berlin with a price tag of €1 million.

- You will need to pay €60,000 in real estate transfer tax and a Notary and registration fee of about €15,000.  Thereafter you can expect to pay a small amount in property tax.

- Buyers brokerage commission anywhere from 3-7%

- Legal fees of 1%

 

2. If you remain offshore from Germany, you will have to put a 40% down-payment, or in the case of the €1 million property, €400,000 down.

 

3. In general, letting fees include a one-off payment of 1.5 times a property’s monthly rent to find a tenant and a monthly management fee of around €20.

 

4. Income made from letting German property is subject to 14% to 45% income tax, but mortgage interest, management fees and any value depreciation are tax deductible.

 

5. Importantly, no capital gains tax is payable if you hold a German property for more than 10 years. Thus, buying for the long-term becomes the desirable option for German real estate—and a prudent course, as the prospects are so favorable for Berlin and Frankfurt residential properties.

 

For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com 

 

 

Why Germany? The destination of choice for Singaporean investors

 

 

21 May 2019

Sitting beside the former BBC headquarters, this massive 1,465-home neighborhood features top-notch amenities, a wide network of transportation links, and a community of private renters that is increasingly growing in recent years.

 

For most property investors, White City in West London has been relatively unknown due to the bulk of London’s regeneration projects happening in the central and eastern districts.

 

Located in the middle of Notting Hill to the East and Shepherd’s Bush to the South, White City has been an “industrial wasteland” for so many years.

 

But with excellent transport links including the Central, Hammersmith and City, and Circle tube lines, it’s only a matter of time before it becomes a hotbed for housing development.

 

White City Receives A Makeover

Everything changed when the Hammersmith and Fulham Council collaborated with developers Westfield, Stanmore and Berkeley St. James, and Imperial College London to create a massive regeneration program called The White City Opportunity Area – an £8 billion project that is set to bring 6,000 new homes and 10,000 new jobs to White City by 2028.

This project will make White City a hub for employment, business, retail, and education.

 

 

The momentum came in full swing with the opening of Westfield Shopping Centre in 2008.

With over 300 retail units and over 20 million visits per year, Westfield is currently the largest indoor shopping center in Europe.

 

Another significant development in White City is the Imperial College Campus – a 23-acre research campus that consistently ranks as one of the top 10 academic institutions in the world.

 

Long-term renting can be a lucrative business in the next few years as the campus population around White City increases thanks to its proximity to excellent schools like Kings College, LSE, UCL, and Imperial College.

Additionally, White City Place, formerly known as the BBC Media Village, is being redeveloped as a business district made up of The MediaWorks, The WestWorks, and Garden House. Developers are finding ways to turn vacated and dilapidated structures into prime real estate properties to attract both business and residential tenants. 

 

Connectivity plays a significant role in creating demand in White City’s property market.

 

The Shepherd Bush Overground station already received a £3.9 million upgrade ahead of the Westfield expansion. Meanwhile, the Old Oak Common station is getting a £1.3 billion facelift.

 

And by 2026, Old Oak station will be the most technologically advanced rail network and transport hub in the U.K.

 

Another improvement that is well underway is the ongoing project on the Hammersmith & City Circle lines.

According to CBRE, the rehabilitation will provide up to 32 trains per hour plus a 33% increase in passenger capacity. CBRE says this upgrade can potentially add a 2.4% increase to house prices in White City by 2021.

 

 

White City Promises a Lucrative Investment Opportunity

 

White City offers a unique balance of affordability and growth which bode well for overseas investors.

 

For instance, the local housing market has been trending upwards in the last five years at 43% (7.5% per annum) over that period.

 

Demand for new homes is positive with 54% of residential units under construction already sold despite the average rent increasing by 14.6% over the past three years. 

 

Part of White City’s continued success in the housing market is the quality of its buyers.

 

Over the past ten years, the number of private rented sector increased by 75%.

 

Currently, there are over 25,000 private renters in the surrounding area who earn over £60,000 per annum.

Add that to the 5,000 student population in the area, and anyone should see why the demand for homes is steadily growing over time.

Experts agree that this demand will continue to grow as White City welcomes more businesses, students, and workforce to fuel its growth.

 

What’s surprising is how affordable a White City property compared to its high-end neighbors like Holland Park and Notting Hill. 

Recent data from CBRE shows that the average house price in White City is only £704,000.  

 

Meanwhile, the average sales value in Notting Hill and Holland Park is £2.3 and £2.6 million respectively.

For those who wish to take advantage of White City’s affordable, yet lucrative property market, there’s White City Living by St. James provides the best of both world.

 

 

White City’s Newest Crown Jewel

 

White City Living consists of more than 1,800 new homes including suites, apartments, penthouses, and duplexes set among eight acres of gardens, private courtyard, and water features including a new five-acre park.

 

Additionally, White City Living will provide a variety of shops, restaurants, and open spaces for events.

Not far from the project are two Zone 2 Tube stations which will bring the Capital right at your doorstep – Westfield in 2 minutes, Marble March in 10, and West End in 15.

With its extensive transport links and accessibility, White City Living could be an attractive destination for long-term renters who work in the West End and the Capital’s financial district.

 

For more details about White City Living, you may attend JLL's exhibition in Singapore.

RSVP

You may also contact JLL International Residential at +65 9671 9583 or internationalresi@ap.jll.com

 

03 May 2019

Mitsubishi's latest project welcomes buyers and investors to one of the world's most stunning Sakura viewing spots.

 

As Tokyo gears up for the 2020 Summer Olympics, property buyers and investors can see major real estate developments happening in the city. 

For instance, Shibuya Station will be surrounded by high-rise buildings once the 2020 Olympics rolls around.

Additionally, Tokyo’s most famous meeting place, Hachiko Square, will be expanded 1.5 times

Shinjuku, home of the world’s busiest train station, is experiencing a facelift in the last couple of years as the government plans on building more family-friendly tourist spots and new towers on the west side.

The surrounding area around the new JR Yamanote Line Station is due for redevelopment including seven commercial buildings, comprising of both office towers and apartment.   

It’s no wonder, Tokyo's residential prices have been steadily on the rise.  

 

A 2017 report from Land Institute of Japan shows that existing average prices for condominium units jumped 3.1% during Q1 of 2017.

Meanwhile, the average sales price for a newly constructed condominium in Tokyo remains high according to Real Estate Economic Institute's 2019 forecast.

One of the latest and appealing condominium project for foreign buyers and residents is The ParkOne's Meguro Fudomae by Mitsubishi Estate Residence Co., Ltd.

 

Home of the Famous Hanami (Cherry Blossom) Walk

 

 

Residents, as well as property investors, will enjoy this peaceful residential complex which is close to Meguro River – one of the most famous Sakura viewing spots in Tokyo.

Lining on either side of the Meguro River is over four kilometres of cherry blossom trees.

From there, you can have a relaxing riverside walk or enjoy hanami parties at night after work.

You can find shops, bars, and restaurants along the river plus food stalls to keep your food cravings satisfied.

 

 

For those who wish to explore the rest of Tokyo, The ParkOne's Meguro Fudomae provides easy access to 2 Metro lines and 1 JR line.

Fudomae station is only 1-minute walk away from the building. The station is so close, anyone who steps out of the ticket gate can instantly see the condominium!

From there, it's just an 8-minute ride to Shibuya district and Shinagawa Office area.

 

 

Meanwhile, a 14-minute walk brings you to the Meguro station on JR Yamanote Line.  

For domestic and international flights, Haneda Airport is only 20 minutes via metro while Narita Airport is about 80 minutes.

There are supermarkets, clinics, banks, and government offices surrounding the peaceful neighbourhood.

For families with young children, the Daiyon Hino Elementary School is just around the corner.

 

Tokyo's Prime Investment Opportunity Awaits You

 

The ParkOne's Meguro Fudomae was designed by architect Watanabe Jun with emphasis on large spaces and individuality.

This 6-storey building offers studios, 1 and 2 bedroom units.

There are 7 different floor plans to choose from ranging from a “D” type unit that features a kitchen plus a walk-in closet to an “S” type unit which has 2 walk-in closets plus a lavatory, a dressing room, and a kitchen.

A studio type starts at 277 sq. ft., 1-bedroom unit at 390 sq. ft., and the 2-bedroom unit at 590 sq. ft.

The entrance to the project features a quiet reception area and an entrance hall wrapped in soft light – a stark contrast to the hustle and bustle of metropolitan Tokyo.   

 

 

The 87-unit project feature an inner corridor to keep residents comfortable during winter and rainy days.

The corridor also enhances security and privacy as it blocks out-of-sight.

For safety, a 24/7 security system provides emergency response to sudden damage to buildings and facilities.

Each unit comes with a heat detector in case of fire and a window open/close sensor against intrusion.

The project comes with a 10-Year building warranty from its completion.

The ParkOne's Meguro Fudomae will welcome its new residents by mid-December 2019.

Serious buyers who wish to take advantage of the weakening Yen, Japan's low-interest rates, and Tokyo's affordable property market will find The ParkOne's latest project a must-have investment.

 

For more details about this property, you may attend JLL's exhibition in Singapore.

 

Details:

13-14 April 2019 (Saturday & Sunday)

11 am - 7 pm

Hilton Singapore, Philippines Room

 

RSVP NOW

 

For more details about The ParkOne's Meguro Fudoame, you may contact JLL International Residential at +65 6220 3888 or internationalresi@ap.jll.com.

 

 

10 Apr 2019

Research indicates that this is due to the good experience enjoyed by many foreigners in Japan which is spreading by word of mouth overseas and accelerating the demand for long-term residences in Fukuoka.”

 

 

As the fastest-growing major city in Japan outside the capital area, Fukuoka has been tempting workers and entrepreneurs away from the larger cities for decades through its lower prices and more relaxed lifestyle.

 

Fukuoka, the largest city in Kyushu Island in southern Japan, is becoming one of the top tech start-up cities in Asia.

Fukuoka is particularly attractive to investors due to its local and international transport connections. It is an economic and transportation hub on Kyushu Island.

Tax breaks, relaxed visa restrictions and convenient international travel are making Fukuoka property highly sought-after by foreign investors.

 

Rin Chiniku, Miyoshi Real Estate, explains:

“Rental trends in Fukuoka's real estate market remains positive.

Statistics showing that more than 60% of people living in Fukuoka are renting properties. Rental demand is consistently high and this is reflected in the increasing average rental rates.”

“We are seeing greater number of foreigners moving to Japan for education and advanced medical treatment, and they are also looking to rent or buy in the housing market. A number of these are choosing to reside permanently in Japan as well.

This segment of the market is not a new trend and we have had similar demands before. However, these is a recent boom in foreigners moving to Fukuoka not for sightseeing or short stay, but with the intention of residing on a long-term basis.

Research indicates that this is due to the good experience enjoyed by many foreigners in Japan which is spreading by word of mouth overseas and accelerating the demand for long-term residences in Fukuoka.”

 

 

As the fastest-growing major city in Japan outside the capital area, Fukuoka has been tempting workers and entrepreneurs away from the larger cities for decades through its lower prices and more relaxed lifestyle.

It's especially popular with younger generations, fueling high demand for rental units in the inner city that continues to drive up property prices.

 

Takahiro Yonei, Mitsubishi Jisho Residence, said:

“With the increasing population of young people comes increasing demand for family-type layouts such as 70-80 sqm layouts consisting of three or four bedrooms.

This is paralleled with higher demand for 40-60sqm units due to the rising number of single professionals moving to Fukuoka for work.”

 

Designated one of Japan's Special Economic Zones, Fukuoka has more to offer than just a strategic location. With residential and office rents up to 50 percent cheaper than Tokyo, the international city offers attractive prospects for overseas property investment.

Because of the tremendous social and economic activities in Fukuoka, investors can look forward to high rental yields. Fukuoka is an excellent choice to benefit the luxury of living while they invest in properties at a very low cost.

 

For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com 

13 Mar 2019

Once home to Britain’s largest chemical manufacturer, this iconic 1920’s building has transformed into one of London’s luxury Grade II listed residential complex

 

In the world of real estate, few places around the world could compete against the allure and the potential returns of a London property. It’s no wonder when overseas investors focus on the U.K. property market, most – if not all – almost always find their way in the streets of London.    

And despite the growing concerns over Brexit, market forecaster Jones Lang LaSalle (JLL) sees a steady price growth in prime central London over the next two years – with 1% price growth in 2019, 2.5% per annum in 2020, and 4% per annum in 2021. Investors may also expect rental prices to soar from 0.5% in 2019 to .5% in 2021.

One such area investors should focus on is Westminster – London's most prolific borough and the Capital's political epicenter.

 

 

Westminster boasts many famous landmarks including the Palace of Westminster, Big Ben, Westminster Abbey, and the Houses of Palace.

What's more, living in Westminster puts you right at the doorstep of world-famous parks including Green Park, Hyde Park, St. James's Park, and Kensington Gardens.

The borough is also home to prestigious educational institutions including London School of Economics and University College London.

For travelers and business people who wish to explore the rest of London, Westminster is connected to the rest of the city with three underground stations namely Victoria, Westminster, and St. James' Park.

 

And with the recent £2bn regeneration scheme of nearby Victoria Station well underway, investors have more reasons to cash in on London's property market.

In a 2018 article, Home and Property reported that new flats in regenerating areas are “the best buy for the long term.”

According to the report, sales prices of apartments in large regeneration projects have risen by an average of 17% per year between 2012 and 2016 – a stark contrast to non-regeneration schemes in inner London (source: Home and Property).

Plus, given that property prices in Westminster are set to rise by 31.9% by 2021 as per Barclay's latest research, future landlords may have the opportunity to see positive numbers from rental yields and capital growth.     

One such property investment is Millbank Residences along the River Thames. 

This latest project from St. Edward Homes Ltd. includes a collection of one, two, three, and four-bedroom apartments, and penthouses constructed in a beautifully restored 1920's building once home to the Imperial Chemical Industries.

 

 

 

Millbank Residences features a landscaped inner courtyard, a 24-hour concierge, state-of-the-art gym, swimming pool with spa and treatment room, private cinema screening room, meeting rooms, and underground parking.

Stepping inside a Millbank Residence unit is like going back in time with a classical style which harkens back to the 1920s.

The interior features engineered painted entrance and internal doors with carpet floor finishes to bedrooms. 

Polished chrome door handles matches the engineered timber floor finishes to hallways, reception rooms, kitchens, and master bedroom lobby area.

The bedroom has a neutral palette finish and carpeted flooring for a relaxing ambiance. 

The unit comes with high-end Küppersbusch kitchen appliances, free-standing washer, space-saving recycling bins, stainless steel 1 1/2 bowl under mount sink and polished chrome mixer tap.

For safety and security, Millbank Residences installed a video entry system which residents can access via an individual apartment handset or screen.

There's also a 24-hour CCTV which helps monitor the entire building.

All units had smoke detectors and fitted with domestic sprinkler systems while apartment entrance doors feature multi-point locking, door restrictor, and spyhole.

Investors who wish to take on this opportunity are protected with a 999-year lease plus a 10-year build warranty.

Due to its prime location and SW1 address, expect this project to be filled out soon.

 

For more details about Millbank Residences, you may enquire here

 

Download brochure

 

 

28 Feb 2019

For many Singaporeans, the purpose of investing overseas is often two-fold: the potential financial gains are important but so are lifestyle factors.

Here’s where Japan comes into its own.

With its relative proximity to Singapore (compared to Europe, the US, or other key markets), high quality of life, and great diversity of climate, culture, and cuisine, Japan’s got a lot going for it.

That’s partly why it’s one of the world’s quickest growing tourist attractions, with arrivals up 19 percent in 2017 compared with the previous year.

In 2016, the Straits Times reported that Singaporeans accounted for the second biggest increase in tourist numbers in Japan (15 percent) from the previous year.

Yes - Singaporeans love Japan. And when we add in the sound economic factors for investing in Japan, it becomes even more attractive for many Singaporeans.

 

Here are seven key reasons why you may want to consider investing in Japanese property sooner rather than later…

 

1. A world focus on Tokyo in 2020

 

 

With the upcoming Olympic Games to be held in Tokyo in 2020, the world’s gaze is fixing upon the capital of Japan. It’s already home to more Fortune 500 companies than any other city in the world, except Beijing.

This is having a major effect on infrastructure, as well as demand for property and construction projects.

Between January 2013 and August 2017, the average price of a new condominium in central Tokyo has grown by more than 35 percent.

And quite apart from the investment opportunities, Tokyo is considered a unique, vibrant, pleasant, and safe place to live.

 

2. A strong and stable economy

 

 

Ranked third in the world for GDP and last year registering its longest stretch of growth since 2005, investing in Japan provides a foothold in a strong and stable economy.

To put the size of the economy into perspective, the Kanto region, of which Greater Tokyo is part, has a GDP greater than that of the entire UK; and the Hokkaido/Tohoku region to the north has a GDP approaching that of Turkey’s.

The country’s property market is also stable and sophisticated. In the past five years, it has certainly benefited from the Japanese Prime Minister “Abenomics” economic policy, with residential property prices around the country on the rise.

 

3. Affordability and finance-ability of properties

 

Photo: Tokyo, Japan by Jason Ortego, Unsplash

 

Compared with property prices in Singapore and other major cities around the world, including London, New York, Hong Kong, and Shanghai, Tokyo still offers good affordability.

For instance, a mid-market apartment in the centre of Tokyo would cost around $15,000 per sq. metre; in Hong Kong, a similar property would be close to three times as expensive.

The recently weakening yen has only served to make properties even more affordable. This, coupled with the availability of mortgages from Singaporean banks like UOB and OCBC, make the financial side of purchasing in Japan more viable than in the past.

 

4. Excellent rental opportunities

 

The rental yield on apartments in Tokyo averages out at 3-4 per cent and, especially in the central wards of Tokyo, it’s easy to find long-term, professional tenants.

The average monthly rent of a condominium in Tokyo’s 23 wards was recently estimated to be up 5.1% from last year - representing the ninth month in a row with a year-on-year increase.

These are encouraging figures. Provided you are assisted by a recommended property management company (which we can help you with), you should have few fears of investing in the Japanese market.

 

5. Endless vacation possibilities

 

Photo: Park Hyatt Niseko, Hanazono

 

If you’re looking at buying in Japan to enjoy the variety of cultural and natural beauty as a regular tourist, Japan offers amazing vacation possibilities.

Singaporeans can visit Japan for up to 90 days without a visa and are doing so in ever-increasing numbers. And they’re not just travelling to Tokyo - they’re exploring the further-flung areas of the country too.

Buying a property in Tokyo or elsewhere in Japan can be your reason to return again and again -  and you still won’t run out of things to do!

 

6. It’s a great place to retire

 

Thinking of retiring outside of Singapore after your working days are done?

Setting up in Japan is a great option for many of the same reasons that make it such a great tourist destination.

To add to the factors already described, there are excellent healthcare facilities available all over the country; Japan ranks first among OECD countries for number of hospital beds per 1000 people. It also boasts the second longest life expectancy on the planet, after South Korea.

It’s generally considered a very peaceful place to live too. In fact, it was ranked a close second to Singapore in Asia in the Global Peace Index 2018.

Additionally, Japan performs well in the OECD Better Life Index , especially for personal security, income, wealth, education, and environment quality.

 

7. Foreigner-friendly property-owning laws

 

Singaporeans (like all foreign nationals) can own property in Japan without restriction.

No citizenship or even residency is necessary and no restrictions on ownership rights to land exist, unlike in some Asian countries, like Thailand and the Philippines.

And, unlike some countries like Canada and Australia, there are no extra fee or taxes applied simply because you’re a foreign buyer.

 

Never invest anywhere without trusted professional advice…

Investing in Japan is a bright picture indeed. But making any major financial decision without first doing your homework and consulting professional advice is asking for trouble.

Are there challenges to investing in Japan ? Yes, the language, culture, property purchasing laws and financing regulations are all foreign to outsiders and will create difficulties if you attempt to navigate them alone.

But with the right guiding hand to walk you through the purchase process, Japan ultimately makes it very simple for you to buy.

Japan is one of our main international markets and we have built an enviable reputation in the local market, working closely with top-tier developers and helping clients make the right investment decisions there.

 

Arrange a free consultation to take the first steps to owning your very own property in Japan.

For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com

To view residential properties in Japan, click here

 

 

21 Feb 2019