EXCLUSIVE: Singapore’s first Portugal property preview, which took place in the city-state“ last weekend, “exceeded expectations” according to the local agency responsible for the event.
Both sales and enquiries for the Lisbon 8 project was described as being brisk, and reservations exceeded the expectations of its Portugal owner and developer Habitat Invest.
Since holding the invitation-only preview in Asia, more than 25 percent of the apartments have been sold. Many clients have also expressed interest to visit Portugal and experience the country’s culture first-hand.
Singapore real estate agency Premiere Realty also plans to launch educational seminars next month to introduce Portugal to potential Singapore property buyers and investors interested in overseas property investments.
Florence Ang, Premiere Realty’s Overseas Properties Marketing Consultant, told PropertyGuru: “The opportunity to buy an apartment in a historical building in downtown Lisbon has been a huge draw. The attractiveness of Portugal’s good weather and safe environment has seen many Europeans buying a home there.
“Here in Singapore, many of our clients are also exploring their options to own a home in Portugal. Some of them have expressed interest about buying a property in Portugal for future retirement stay and want to know more about the country’s standard of living and way of life.”
Lisbon 8 is a freehold turnkey property developed by Habitat Invest, with the support of BES – Banco Espírito Santo, Portugal’s Number One Private Bank. In 2010, the European Consumers Choice Awards rated Lisbon as the “Best Destination 2010” and in 2011, it was voted one of the 42 cities in the world with the best quality of life, by the Worldwide Quality of Living Survey.
Portugal is also one of the best countries for buying a house, because it has clear and transparent tax rules and offers investors opportunities to obtain residence permits as part of new legal provisions that are more attractive to foreign investors. It also has a special regime for non-habitual residents aimed at attracting foreign investors with very favourable income tax rates.
To sign up for the Portugal education seminars in February email sales@premiererealtyglobal.com.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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