為什麼東南亞房地產市場仍然對中國投資者俱有吸引力?
Why Southeast Asian Real Estate Markets Remain Attractive To Chinese Investors?
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近年來,中國政府一直堅持將房屋用於居住而不是用於投機的原則,從而通過限制購買,徵收房產稅和提高貸款利率對國內房地產交易施加限制。這促使中國的購房者和投資者將注意力轉移到海外房地產市場。根據uoolu.com發布的2019年H1全球跨境房地產投資數據報告,中國最終取代了美國,成為全球最大的跨境房地產投資者來源。

為什麼海外房地產對中國投資者俱有吸引力

與中國相比,在其他國家/地區購買房地產的可購買數量沒有限制。除此之外,還有明顯的優勢:

儘管跨境購房者的需求主要集中在投資上,但除了資本增值和租金收入外,更多人開始考慮其他增值方面。購房還受到移民,教育和退休等因素的驅動。投資者現在正試圖同時實現每次購買物業的更多需求。

通過在中國境外投資房地產,投資者還可以享受其他額外好處,例如更好的生活環境,一流的醫療保健,國際教育資源,更輕鬆地實現跨國業務擴展,更方便的簽證政策以及獲得收購的機會。在外國永久居留權。

但是,隨著美國,英國,加拿大和澳大利亞等發達國家的傳統房地產投資市場幾乎飽和,中國的投資者開始更多地關注東南亞國家,尤其是新興市場國家。

中國購房者為何青睞東南亞房地產市場

預算在100萬元至300萬元人民幣的跨境房地產投資商目前佔中國總人口的67%。與北美,歐洲和澳大利亞等傳統房地產市場的牽強價格相比,東南亞國家的房價主要在每平方米11,382元(馬來西亞吉隆坡)至每平方米32,104元(泰國曼谷)之間。 。後者的價格範圍類似於中國的二線城市,因此對中國投資者來說價格更便宜。此外,與購房相關的稅費更少,並且付款方式非常有利於在預算有限的情況下進行投資。

最重要的是,東南亞國家/地區的房地產也取得了很高的租金收益。除了較低的投資門檻外,投資者還更加關注房地產市場的投資回報率(ROI)。據報導,投資回報率超過5%的城市可被視為適合投資的城市,馬尼拉,金邊和曼谷等城市均屬於此類。此外,東南亞大多數國家都允許對土地和房屋擁有永久業權。隨著快速的城市化進程和這些城市的發展,這些國家的土地價格只能上漲,從而帶動房地產價格上漲。

至於新加坡和馬來西亞等發達國家,雖然房地產投資有一定的准入門檻,但與中國的房地產相比,資產保全和投資回報率更為明顯。

其次,中國投資者的最大年齡段是30歲至49歲的人群,佔總人口的78%。這些買家中的大多數已經在幾年前收穫了中國房地產和互聯網市場繁榮的成果。

這些買家不僅在財務上有能力,而且還變得更加富裕,並有能力獲得海外房地產投資。這些購買者現在已經超出了投資範圍,因為其他無形的考慮因素,例如教育和退休成為海外購房的主要因素。由於中國的國際學校現在定價過高,許多這樣的中國買家在東南亞國家找到了更便宜但又真實的替代品。

其中一些國家的氣候和生態環境也更適合自己居住,尤其是退休人員。加上生活成本的降低,越來越多的中國人開始通過簽證計劃,例如泰國和菲律賓的SRRV和馬來西亞的MM2H,與家人移民到這些國家。

第三,像大多數投資者一樣,房地產增值潛力是決定購買海外房地產的另一個關鍵因素。大多數投資者肯定會選擇一種足夠強大的貨幣,以在選擇要投資的國家時對沖任何潛在的貶值風險。根據Uoolu的用戶查詢,由於匯率優勢,泰國仍然穩居跨境房地產投資的第一位。在過去5年中,美元兌泰銖僅貶值了1.5%。泰國的泰銖在各區域貨幣中異常強勁,這似乎是一個持續的趨勢。

最後但並非最不重要的一點是,中國政府推出的“一帶一路”倡議增強了與東南亞國家的外交關係並增加了投資。中國政府在東南亞的大量基礎設施投資中,特別是馬來西亞的東海岸鐵路線和泰中鐵路線,顯然可以證明這一點。國家之間的這些跨境夥伴關係只會促進該地區房地產市場的發展。此外,這些國家還採用稅收優惠政策和零外匯管制來鼓勵外國投資和外國企業進入市場,從而吸引了越來越多的中國公司和企業家。

東南亞房地產市場表現如何?

東南亞房地產市場有多受歡迎?讓我們瞥見以下熱門的投資目的地國家。

泰國

據泰國媒體報導,曼谷五分之一的購房者來自中國。泰國是世界第一大旅遊勝地,與中國人相同。由於人口眾多,外國遊客大量湧入,曼谷也是一個很好的租賃市場。

自2014年以來,泰國建築業的GDP從550億泰銖增長到770億泰銖。建築業的快速發展為房地產業奠定了堅實的基礎,房地產業是繼旅遊業之後的又一強大經濟支柱。在過去的兩年中,阿里巴巴和京東等中國互聯網巨頭紛紛投資泰國。最近,中國的華為受邀協助泰國開發5G技術所需的基礎設施和測試中心。泰國在中國投資者中越來越受歡迎,更不用說房地產投資者了。

新加坡

以“花園城市”標籤而聞名的新加坡絕對是世界上最宜居的城市之一。由於嚴格的執法和高質量的教育,新加坡還是世界上最安全,最清潔的城市之一,擁有大量的華裔。

新加坡是英語廣泛使用的國家,新加坡也以善政,政治穩定,透明,高效和經商容易而著稱。這使新加坡吸引了外國投資者的注意,並使其成為一個有吸引力的房地產市場。像新加坡這樣的投資者的另一個原因是其經濟和貨幣的實力和穩定性。

與中國房地產市場的升溫相比,新加坡的房地產價格相對穩定,適合尋求資產擔保的投資者。

馬來西亞

從匯兌損益的角度來看,馬來西亞資產配置風險最低。儘管匯率波動,但幅度很小。與較發達國家的房價相比,馬來西亞的投資成本也低得多。

例如,馬來西亞首都吉隆坡的公寓每平方米的價格僅為香港,新加坡和東京的十分之一。它們也比曼谷,馬尼拉和雅加達便宜。馬來西亞的人均GDP和人均國民總收入也要低得多。

越南

越南房地產市場的開放看到了針對海外投資者的大量營銷努力。根據世邦魏理仕(CBRE)的數據,2018年中國投資者在胡志明市購買豪宅的比例從2016年的2%上升至31%。越南著名的旅遊勝地芽莊(Nha Trang)由於其相對較低的吸引力也吸引了眾多外國投資者價錢。

菲律賓

自2013年以來,菲律賓經濟持續增長,房價也隨之上漲。 2016年,馬尼拉中部地區的房價已超過20,000元/ m2,最近兩年又升至30,000元/ m2以上。

菲律賓的總土地面積約為290,000平方公里。菲律賓人口眾多(中年年齡為24歲),領土狹小,住房供應不足。隨著菲律賓人口的持續增長,很明顯,這種趨勢將不可避免地推高土地價格,住房和租金價格。

摘要:

憑藉低投資門檻,高投資回報率,強勁的經濟增長,舒適的生活環境,堅挺的貨幣和各種優惠政策,東南亞國家已經吸引了其他國家(尤其是中國)的跨境房地產投資者。目前,東南亞國家的增長率仍然很高,房地產專業人士指出,東南亞國家仍有很大的發展空間。由於東南亞國家勞動力豐富且勞動力成本低廉,製造業已向東南亞國家轉移,這也為經濟的快速增長做出了巨大貢獻。

如果投資者希望獲得穩定的回報,那麼泰國,馬來西亞和新加坡是他們的選擇。這三個國家的投資風險很小,房地產市場良好。對於尋求租金收入的投資者,請選擇投資回報率最高的菲律賓。越南作為一個相對較新的房地產市場,也具有巨大的潛力。對於尋求房地產投資回報的投資者而言,東南亞房地產市場仍有“黃金”可供挖掘。

由PropertyGuru推薦: https : //www.propertyguru.com.sg/property-guides/why-southeast-asian-real-estate-markets-remain-attractive-to-chinese-investors-18473

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In recent years, China’s government has been sticking to the principle that houses are used for living in and not for speculation, thus imposing restrictions on domestic real estate transactions by means of limited purchase, property tax and higher lending rates. This has pushed China’s home buyers and investors to shift their attention to overseas real estate markets. As a result, China replaces the U.S. and as the world’s largest source of cross-border real estate investors, according to the 2019 H1 Global Cross-Border Real Estate Investment Data Report released by uoolu.com.

Why Overseas Properties Are Attractive To Chinese Investors

As compared to China, the purchase of properties in other countries is not as restricted in terms of the number of units that can be purchased. Apart from this, there are obvious advantages as well:

While demands of cross-border home buyers lie mainly in investment, more have started to consider other value-added aspects, besides the capital appreciation and rental income. Home buying is also driven by factors such as immigration, education, and retirement. Investors are now trying to actualise more demands at the same time, for each property purchase.

By investing in properties outside China, the investors can also enjoy other additional benefits such as a better living environment, first-class medical care, international educational resources, easier access to realise multinational business expansion, a more convenient visa policy and a chance to acquire permanent residency in a foreign country.

However, as traditional real estate investment markets in developed countries such as the U.S, the UK, Canada and Australia become nearly saturated, China’s investors have started to pay more attention to Southeast Asian countries, especially those in the emerging markets.

Why Chinese Home Buyers Favour Southeast Asian Real Estate Markets

Cross-border real estate investors with a budget of RMB 1 million to RMB 3 million, is now accounting for 67% of the total population in China. Compared with far-fetched property prices in traditional real estate markets such as North America, Europe and Australia, home prices in Southeast Asian countries mainly range from RMB 11,382/m2 (Kuala Lumpur, Malaysia) to RMB 32,104/m2 (Bangkok, Thailand). The latter’s price range is similar to second-tier cities in China, thus making it more affordable to Chinese investors. Besides, there are less taxes and fees related to property purchases, and payment methods are very conducive for investment under limited budget.

Most importantly, properties in Southeast Asian countries are also commanding a high rental yield. Apart from a low investment threshold, investors also pay more attention to return on investment (ROI) in the real estate market. It is reported that a city with more than 5% of ROI can be rated as suitable for investment and cities such as Manila, Phnom Penh and Bangkok all fall within this category. In addition, a good majority of South-East Asian Countries allow freehold ownership of both land and dwelling. With the rapid urbanisation and the development of these cities, land prices in these countries can only increase, which in turn, will drive the property prices higher.

As for the developed countries such as Singapore and Malaysia, whilst there are certain entry thresholds for real estate investment, asset preservation and ROI are more evident as compared to properties in China.

Secondly, the largest age group of Chinese investors are those between 30 years old to 49 years old, which accounts for 78% of the total population. Majority of these buyers have reaped the fruits of the real estate and internet market boom in China years ago.

Not only are they equipped financially, these buyers have also become much more affluent, with the ability to source for overseas real estate investments. These buyers have now moved beyond the scope of investment as other intangible considerations like education and retirement become major factors in overseas property purchase. With international schools in China now over-priced, many of these Chinese buyers have found a cheaper and yet authentic alternative in South-East Asian countries.

The climate and ecological environment in some of these countries are also more suitable for own stay, especially for retirees. Coupled with a lower cost of living, more and more Chinese are beginning to migrate to these countries with their family through visa programs such as SRRV in Thailand and the Philippines, and MM2H in Malaysia.

Thirdly, like most investors, property value appreciation potential is another key factor in deciding to acquire overseas properties. Most investors would definitely go for a currency that is strong enough to hedge against any potential depreciation risk when selecting the countries to invest. According to Uoolu’s user inquiries, Thailand is still firmly the No.1 in cross-border real estate investment due to the currency advantage. In the past 5 years, the US dollar depreciated by only 1.5% against the baht. Thailand’s baht is exceptionally strong amongst the regional currencies and this looks to be a sustained trend.

Last but not least, the “Belt and Road Initiative” rolled out by the Chinese government has enabled stronger diplomatic relations and increased investment with the South-East Asian countries. This is clearly evident in the huge infrastructure investment by the Chinese government in South-East Asia notably the East Coast Railway Line in Malaysia and the Thai-Chinese Rail Line. These cross-border partnerships between nations will only boost the development of the Real Estate market in this region. In addition, these countries also use preferential tax policies and zero foreign exchange control to encourage foreign investment and foreign enterprises to enter their market, hence attracting more and more Chinese companies and entrepreneurs.

How Well Will Southeast Asian Real Estate Markets Perform?

How popular are Southeast Asian real estate markets? Let’s have a glimpse from the following hot investment destination countries.

Thailand

According to Thai media reports, one in five home buyers in Bangkok comes from China. Thailand is the No.1 tourist attraction in the world, and it’s the same to the Chinese. Due to its huge population and high foreign visitor influx, Bangkok is also a good rental market.

Since 2014, the GDP of Thai construction industry has risen from 55 billion baht to 77 billion baht. The rapid development of the construction industry has laid a solid foundation for the real estate industry, which is another strong economic pillar after tourism. Over the past 2 years, Chinese Internet giants such as Alibaba and JD have invested in Thailand. Recently, China’s Huawei was invited to assist Thailand in developing the infrastructure and testing centres needed for 5G technology. Thailand is becoming more and more popular among Chinese investors, let alone real estate investors.

Singapore

Singapore, famous for its "Garden City" label is definitely one of the most livable cities in the world. Due to its strict law enforcement and high-quality education, Singapore is also one of the safest and cleanest cities in the world with a large ethnic Chinese population.

A country where English is widely spoken, Singapore is also known for good governance, political stability, transparency, efficiency and ease for doing business. This has helped put Singapore on the radar among foreign investors and made it an attractive property market. Another reason why investor like Singapore is the strength and stability of its economy and currency.

Compared with the heated real estate market in China, Singapore's property prices are relatively stable and suitable for investors who seek asset security.

Malaysia

From the perspective of exchange gains and losses, Malaysia has the lowest risk for asset allocation. Although the exchange rate fluctuates, it does in a very small range. Compared to the housing prices in more developed countries, Malaysia's investment cost is also far lower.

For example, apartments in Kuala Lumpur, the capital of Malaysia, cost one-tenth of those in Hong Kong, Singapore and Tokyo per square metre. They are also much cheaper than those in Bangkok, Manila and Jakarta. Malaysia's GDP per capita and gross national income per capita are also far lower.

Vietnam

The opening up of Vietnam's real estate market saw much marketing efforts aimed at overseas investors. According to the data from CBRE, the proportion of Chinese investors buying luxury houses in Ho Chi Minh city in 2018 rose to 31% from 2% in 2016. Vietnam's famous tourist attraction, Nha Trang, also attracts numerous foreign investors due to its relatively low price.

Philippines

Since 2013, the Philippines economy has continued to grow, and home prices have risen along with it. In 2016, home prices in the central area of Manila already exceeded RMB 20,000 /m2, and in the last two years, risen to more than RMB 30,000/m2.

The total land area of the Philippines is about 290,000 square kilometres. The Philippines has a large population (the medium age is 24) and being a small territory, the housing supply is inadequate. As the population of the Philippines continues to grow, it is clear that such a trend will inevitably push up land prices, home and rental prices.

Summary:

By virtue of low investment thresholds, high return on investment, robust economic growth, comfortable living environment, strong currencies and various preferential policies, Southeast Asian countries have been attracting cross-border real estate investors from other countries, especially from China. At present, the growth rate of Southeast Asian countries is still high, and real estate professionals point out that there is still a lot of room for development in Southeast Asian countries. Due to the abundant labour force and low labour cost in Southeast Asian countries, manufacturing industry has been shifting to Southeast Asian countries, which has also contributed greatly to rapid economic growth.

If investors want stable returns, then Thailand, Malaysia and Singapore are for their picking. These three countries have little investment risks and sound real estate markets. For investors looking for rental income, choose the Philippines with the highest rate of ROI. Vietnam, being a relatively new real estate market, has huge potential as well. For investors looking for property investment returns, there’s still “gold” in Southeast Asian real estate markets to be dug.

Recommended by PropertyGuru: https://www.propertyguru.com.sg/property-guides/why-southeast-asian-real-estate-markets-remain-attractive-to-chinese-investors-18473

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