Knight Frank Asia Pacific research wrap up: June 2019

Indonesia relaxes luxury residential purchase policies 1. 20% luxury purchase levy applied to homes worth IDR30bn, was IDR20bn for houses and IDR10bn for condos previously. 2. Income tax on luxury sales for homes worth IDR30bn or more reduced to 1%, was 5% previously. Our thoughts: While the luxury sector accounts for 10% of the residential…

Read More

The Alps: Trail runners are leading the way

It may seem like the wrong time of year to be talking Alpine retreats but an article in this weekend’s Financial Times highlights a new source of property demand in the Alps – trail runners. With ultra-marathons a regular summer event in resorts such as Chamonix (The Mont Blanc Marathon and the Ultra Trail du…

Read More