Categories
Market Updates

Manci Man’s 4 Must-Do’s for the Real Estate Industry

Hi everyone. Welcome to out interview with Manci Man from Century 21. Manci is an experienced real estate professional who is helping clients find property abroad. She shares with us her advice from working in the industry, and predictions for the future.

Manci Man is an expert on overseas property investment. Based in Hong Kong, she has devoted her career to helping investors find their next international property. Whether east or west, she streamlines the search process and promotes developer’s missions abroad.

In our first episode with her, she shares with us her 4 key points for industry professionals to follow. More than tips, these 4 points are necessary practices that the real estate professional must use to ensure their client’s experience is the best.

Grace Period: At her own company, Manci has instituted a grace period, in which clients have 3 days after a purchase to reverse their decision. Perhaps at the last minute they decided it did not match their price point, and if so, the company will return the money back.

24-Hour hotline: Some property agents have a stereotype of not following up with the client or not remaining with them through the entire ownership cycle. At Century 21 International, her team offers a 24-hour service hotline where clients can reach out with questions at any time.

Quarterly Report: This is a necessity for transparent operations. In the past, overseas property owners were not entirely kept up to date with their investments. What is it’s condition, what are the numbers for this quarter? Manci and her team send out regular reports to answer these questions, and urge other agents to do the same.

No premium spiking: For it’s higher demand and bespoke service, international property purchases from the agent can see a higher premium than listed by the developer. Manci and her team are fighting to end this trend, for the client.

They promise no premium increases, and closely follow the original prices listed by the developer. These are a few of the many suggestions Manci has for any overseas property company, and the video above holds more nuggets of wisdom.

Watch the episode above to hear it first hand from her, and stay tuned for our second episode with Manci. We hope the article was insightful for your business, and as usual, enjoy!

▶ About the guest:

Manci is currently the co-owner of Century 21 Goodwin International, a branch of of the biggest property franchisee in Hong Kong, established in 1989.

At Century 21, (International) she works to expand the business overseas and to the Greater Bay Area. In 2019, she sold over 100 propertiess overseas, reaching a total sum of over HK$150 million.

She has previously worked at Raeon International Limited, strengthening their B2B sales distribution channels and working closely with many property agencies. With regular site visits to Australia, Manci holds in-depth first hand market knowledge of the Australia property market.

She also wrote a weekly column in major local newspapers in Hong Kong specialised in the area of Overseas Property Investment.

Manci also spends her days as the founder of M Patisserie, a boutique Hong Kong based bakery. ​ Manci was elected as the 2019 Hong Kong Professional Elite Ladies, JCI Lady, and award the 2019 Hong Kong’s most outstanding Leaders Award, Hong Kong.

▶ Contact Manci & Her Team Here:

Facebook (Manci’s Page): https://www.facebook.com/manci.mm  

Facebook (Manci’s Team) : https://www.facebook.com/C21GoodwinInternational   

LinkedIn: https://bit.ly/3kf1vey

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. Paragraph

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.

Categories
Real Estate Knowledge

Canada’s Property Buying Craze: A 2021 Outlook

  • 52% of Canadians say that property is among the best investment options in 2021
  • Home sales are up 76.2%  since the 2020 low

BUT May 2021 saw a nearly 10% decline in purchases.

What’s going on in Canada?

Before purchasing any properties in Canada, investors should consider the unique nature of the country’s market. Property prices have not just recovered stress-test of COVID-19, but shot to the moon. Low-interest rates and pent-up demand exploded in a recent buying crazy that sent Canadian property prices sky-high.

After a few months of crazed activity, buyers seem to be tapering back. But pent up demand leading to high asset prices is not the only trend. Recent waves of immigration and a rapid acceleration of property technology have turbo-charged overseas investment – especially from Hong Kong and China – all over Canada.

Genuine + Gencan’s new property in downtown Toronto.

As a whole, the country’s international hubs, political reliability, and relaxed way of life create a wide range of solid investment choices.

Buying as a Foreigner

Pent up demand exceeds supply – we write about the same phenomenon in the UK and Australia – so properties are rather pricey and difficult to find. For that reason, online portals and overseas agents are more important than ever to make sure the process is accommodating and secure.

In terms of laws and regulations, Canada is rather open to foreign investors, since the country does not have any citizenship or residency requirement for purchase now.

Our video with Westbank on their most recent luxury residences.

With that said, foreign purchasers should be away from the Non-Resident Speculation Tax, also known as NRST, which can be up to 15% of property value. This mechanism has been put in place to reduce wide price fluctuations from foreign investment, although there are a number of exceptions to the Non-Resident Tax.

Owning a home in Canada

Homeownership is popular, with this report showing nearly 70% of the population as owners of the home they live in. The rate of homeownership is stable at its high and has not fluctuated too much since the late ’90s.

Since there are no citizenship rules for owning property in Canada, foreigners get easy access to all kinds of real estate – one of the major reasons why the country is highly attractive for foreign investors. The rate of properties owned by non-residents can be as high as nearly 15% in Vancouver.

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Another 2019 report stated that the average value of non-resident owned condos was higher than resident-owned condos; Non-resident condos were higher by 29.1%, 20.2% and 10.8%, for British Colombia, Ontario and Nova Scotia, respectively. The same report also mentioned that most resident-owned properties had more than one owner, while most foreign-owned properties were owned by a single individual.

Crest at Downtown in Toronto- developed by Aspen Ridges Home.

In April this year, the average price of a house was $716,000. In fact, the price humped from $488,000 CAD to $531,000 CAD between 2018 and 2020, according to Statista research.

What about mortgages?

Canada has a credit score system to measure whether a candidate is eligible to get a mortgage load. A credit score is essentially the net worth and reliability of an individual summed up in 3 digits, with the minimum being 300, maxing out at 850.

The higher the credit score, the greater the chances of getting a mortgage. Any score above 600 should be eligible in most cases, with less of an interest rate the higher your rating.

Strong returns to investment

Investing in a property is a huge investment. And, if invested right, solid ROI can be generated quickly. It is true that the major cities are costly to invest in, but properties in these cities are in high demand since they are home to millions of students and workers who are far away from home and are always in search for a good place to rent.

Toronto – the area surrounding Grand Central Mimico South Tower is a family-friendly area, home to some of the highest-ranking public & private schools.

In Toronto, the average rent for a condo is easily CAD 1,500. Rent goes even higher depending on the location and the size of the apartment. Overall, research by the Global Property Guide puts the gross annual rental yields at 3.91%. That is a whole percentage more than the USA.

For buyers not interested in the main metro areas of Vancouver or Toronto, Money Sense suggests Woodstock and Ingersoll, Ont. for high returns. More on their thoughts, here. Smaller towns and cities offer lower break-in points with a usually higher yield, for the sake of lower capital appreciation.

Now that you’re here…

At Denzity, we help you find your next overseas property. If you have any enquiries about the above properties, or questions about the process, reach out to our team here. Stay tuned for more investor focused content, financial advice, and industry updates.

Categories
Market Updates

Getting Smart With Publicity: Using the Media to Establish Your Brand Ft. Jo Lam

Welcome back. In our second episode with Jo Lam, we talk about your brand’s reputation. Whether a person or a company, how can you use how the public views your character and competence to your advantage?

Trump and Prime Minister Boris Johnson are two figures that Jo uses as public reputation case studies. Is their reputation hurt by certain acts they have put on in public?

Yes. However, did this publicity ultimately help them in their respective political goals? Some would say yes as well. Not every example is as extreme as performing massive publicity stunts to raise campaign awareness or create a celebrity status, but they are helpful in realizing the difference between character and competence reputation.

As Jo puts it, brands and people need to leverage both in order to raise their overall reputation. Character reputation, on one hand, is how people feel about your attitude, kindness, and ability to work with people. Competence reputation, however, is about how good you can execute, meet KPI, and provide a profit. One can exist without the other.

For example, Amazon has made massive strides in e-commerce and is a now household name of business success. However, they are increasingly under fire for their character reputation, whether it is the treatment of warehouse workers or potential environmental impact. However, millions of people still use Amazon. In many cases, a strong competent reputation can overpower character reputation in the business.

In many cases, a strong competent reputation can overpower character reputation in the business.

Jo recommends that while you can adjust them up and down, it is best to create an image where you excel in both areas, and can provide for both the community and your clients. Watch the video above for more of his insights, and stay tuned for our third episode in our miniseries! Hope you enjoy it.

▶ About the guest:

Mr Lam went to Harrow Public School and Oxford University, receiving his Diploma in Law from the University of Law in 2012.

In 2015, Mr Lam officially became a practicing barrister in Hong Kong and practiced at Zhang O’Seo Great Law Firm, one of Hong Kong’s oldest barristers.

In November 2015, he stood for election to the Longxing District Council elections in Huang Daxian District. In 2017 and later, he pivoted more towards media and entertainment.

Most recently, only 2 months after joining the insurance industry, he has signed 30 policies in just two months (as of June of that year) as a financial planning consultant for Prudential in the UK, with an annual premium of HK$1 million.

▶ Contact Jo Lam & His Team Here:

Facebook: https://www.facebook.com/jolamchok                            

LinkedIn: https://bit.ly/3Av6lda

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. Paragraph

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.


Categories
Real Estate Knowledge

It’s 2021: Where Can You Invest in the London Property Market?

  • The mortgage approval rate is up 827% since last year.
  • Stamp duty has been waived – saving buyers up to £ 15,000
  • Retail investment is up £290m in 1 month

The UK offers relative stability and transparency, with London at the core of it’s market as one of the major metro areas of the world.

A hub for overseas property investment, the demand foreign buyers have been responsible for as much as a 20% increase in prices. The city is home to millions of immigrants and is often the primary choice of investors due to its geographically convenient location and growing scope of opportunities.

Stamp duty has been waived for the bulk of 2021, releasing the pent up demand from Covid.

A quick history…

Pre-pandemic, Prime Central London (PCL) prices suffered due to “higher rates of stamp duty and political uncertainty,” cites a 2019 Knight Frank report, pushing the average price for existing homes below their 5-year average.

Property in popular neighbourhoods fell up to £200/sq foot below average: Hyde Park, St John’s Wood, Chelsea, South Kensington, Kensington, Belgravia, Knightsbridge and Mayfair in PCL ranged between £1,000 to less than £2,000/sq foot.

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Covid-19 made an immediate, obvious impact throughout 2020, with an initial crash followed by volatility, spurred by quarantine and mass uncertainty. However, in March of this year – 2021 – property transactions were the highest in a decade in Prime Central London. In other words, the property market was at its most active in the last 5 years.

Price growth began at the beginning of 2021, and demand will continue to grow as travel eases, vaccines take effect, and investors realize the opportunity to break in before supply is snatched up at a premium.

This image has an empty alt attribute; its file name is London-house-prices-map-1-1024x612.png
London remains a strong investment location for capital appreciation assets. 

The demand for properties in the city still grows, and investors are encouraged to view it broken down in the 5 main areas mentioned below:

  • Central London
    • West End, Covent Garden, South Bank, London Bridge, Chinatown, City of London;
  • North London
    • Barnet, Enfield, and Haringey;
  • South London
    • Bromley, Croydon, Kingston upon Thames, Merton, Sutton, and Wandsworth;
  • East London
    • Collondale, Saxilby, Brookville;
  • West London
    • Popular neighbourhoods: South Kensington, Notting Hill, Fulham, Hammersmith, Shepherd’s Bush, Kew, Twickenham;

As far as investment goes, reallymoving.com suggests the following areas in terms of pricing, transportation, environment and other factors that are to be considered pre-purchase:

  1. Barking and Dagenham
  2. Havering
  3. Leyton
  4. Battersea
  5. Bloomsbury

They also have this article on organizing a home move to London.

A large construction project in Battersea, London.

Wile London is on track to recover from its a recent turbulent timeline, smaller metro areas and submarkets are increasingly being viewed by investors for their higher yields, watch our quick video on that here.

For more information on London, there are easily accessible market reports from the London Datastore – a public database – here.

This just the beginning of the conversation

At Denzity, we publish personal finance and investment articles for the young professional. If you have any questions and comments, write them below or reach out to our team here. Stay tuned for more investor focused content, financial advice, and industry updates.

Categories
Market Updates

UK Property Market Trends To Watch Out For In 2021

The UK property market is buzzing. High increasess in quarter on quarter transactions and a flurry of mortage approvals indicate a roaring demand for the nations real estate market.

Before participating in the market, the investor must first be aware of some trends to follow.

London is an ever popular property market, but 2nd tier and smaller cities are increasingly viewed by buyers.

The transaction are driven by a high demand relative to supply and a slew of other favorable ingredients for a lucrative property market. In the video above, we discuss the trends that are driving UK property in 2021, and what to look out for.

Later in the episode, we share some taxes that buyers in the UK need to watch out for, and how to determine what kind of investor you are.

As usual, we trust that there is some valuable insight in the video, and encourage you to stay tuned for future content.

▶ About the guest:

Myles is the research lead at Denzity, and is focused on producing educational content on overseas property investment. He is highly interested in Property Technology, and is a part-time researcher & writer at PropTech Institute (Hong Kong).

▶ Contact Myles here:

Email: mylessilsby@gmail.com

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. Paragraph

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.