Podcast
Questions and Answers
How do government regulations and tax laws influence the real estate market?
How do government regulations and tax laws influence the real estate market?
What demographic factors can affect different types of real estate?
What demographic factors can affect different types of real estate?
What impact does urbanization have on property values?
What impact does urbanization have on property values?
Which factor is crucial for the stability of the real estate market in Japan?
Which factor is crucial for the stability of the real estate market in Japan?
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How did Covid-19 influence the real estate market?
How did Covid-19 influence the real estate market?
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What is one primary responsibility of a property agency?
What is one primary responsibility of a property agency?
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Which of the following is true regarding Real Estate Salespersons (RESs)?
Which of the following is true regarding Real Estate Salespersons (RESs)?
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What distinguishes the legal obligations of property agencies from those of Real Estate Salespersons (RESs)?
What distinguishes the legal obligations of property agencies from those of Real Estate Salespersons (RESs)?
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Which of the following statements about the licensing of EAs and RESs is correct?
Which of the following statements about the licensing of EAs and RESs is correct?
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What is a significant difference in the scope of work between EAs and RESs?
What is a significant difference in the scope of work between EAs and RESs?
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What is required for a foreign investor to purchase property in Malaysia?
What is required for a foreign investor to purchase property in Malaysia?
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What percentage of down payment is typically required from foreign purchasers in Malaysia?
What percentage of down payment is typically required from foreign purchasers in Malaysia?
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Which of the following is NOT a component of the project execution phase in property development?
Which of the following is NOT a component of the project execution phase in property development?
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What is the role of the Foreign Investment Committee in property investments?
What is the role of the Foreign Investment Committee in property investments?
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When should a homebuyer secure mortgage approval in Malaysia?
When should a homebuyer secure mortgage approval in Malaysia?
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What are the tax implications when purchasing property in Malaysia for foreigners?
What are the tax implications when purchasing property in Malaysia for foreigners?
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Which of these is an essential regulatory approval required before starting property development?
Which of these is an essential regulatory approval required before starting property development?
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What is the purpose of the Option to Purchase (OTP) in the context of buying property?
What is the purpose of the Option to Purchase (OTP) in the context of buying property?
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What is one of the non-tax benefits of investing in a BOI company in Thailand?
What is one of the non-tax benefits of investing in a BOI company in Thailand?
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Which of the following is a disadvantage of setting up a BOI company?
Which of the following is a disadvantage of setting up a BOI company?
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What is a common structure for companies that want to invest in property?
What is a common structure for companies that want to invest in property?
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Which of the following countries does not allow foreigners to purchase land outright?
Which of the following countries does not allow foreigners to purchase land outright?
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Which taxation type is typically levied on property transactions?
Which taxation type is typically levied on property transactions?
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What is the purpose of land zoning in property development?
What is the purpose of land zoning in property development?
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When repatriating funds from overseas property investments, which is a potential limitation?
When repatriating funds from overseas property investments, which is a potential limitation?
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What is the preferred debt to equity ratio for eligibility in BOI promotions?
What is the preferred debt to equity ratio for eligibility in BOI promotions?
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What is the primary purpose of groundbreaking in the construction stage?
What is the primary purpose of groundbreaking in the construction stage?
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Which of the following is a responsibility of buyers during the construction stage?
Which of the following is a responsibility of buyers during the construction stage?
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What should buyers expect during the final inspection stage?
What should buyers expect during the final inspection stage?
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What is one of the ongoing responsibilities after the handover stage?
What is one of the ongoing responsibilities after the handover stage?
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What must buyers be aware of regarding potential customisation during construction?
What must buyers be aware of regarding potential customisation during construction?
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Which aspect is NOT typically included in post-handover responsibilities?
Which aspect is NOT typically included in post-handover responsibilities?
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What are buyers required to monitor post-handover for potential opportunities?
What are buyers required to monitor post-handover for potential opportunities?
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What guidelines do Estate Agents follow when marketing properties?
What guidelines do Estate Agents follow when marketing properties?
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Which step in the property buying process involves legally binding both parties?
Which step in the property buying process involves legally binding both parties?
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What is a notable difference between local and foreign buyers regarding FIRB?
What is a notable difference between local and foreign buyers regarding FIRB?
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Which of the following is essential when determining your budget for property purchase?
Which of the following is essential when determining your budget for property purchase?
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What is typically required from foreign buyers when acquiring a property that is not under construction or new?
What is typically required from foreign buyers when acquiring a property that is not under construction or new?
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What type of auction is commonly used for purchasing property in Australia?
What type of auction is commonly used for purchasing property in Australia?
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What is an ongoing expense associated with property ownership in Australia?
What is an ongoing expense associated with property ownership in Australia?
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Which professional should you engage to handle legal aspects when purchasing property in Australia?
Which professional should you engage to handle legal aspects when purchasing property in Australia?
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What is one of the reasons why foreign buyers may face tighter lending criteria compared to locals?
What is one of the reasons why foreign buyers may face tighter lending criteria compared to locals?
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In what situation can foreign buyers purchase established dwellings in Australia?
In what situation can foreign buyers purchase established dwellings in Australia?
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Study Notes
Global Business
- Global business involves exchanging goods and services across international borders.
- Global companies operate internationally, with branches or offices in multiple countries.
- They leverage competitive advantages to thrive in a rapidly interconnected world economy.
Characteristics of Global Business
- Companies operate in multiple countries.
- They meet diverse customer needs/preferences across cultures in multiple territories.
- Businesses adapt to different languages and cultural norms.
- Corporations must follow trade restrictions and regulations in each country.
- Managing diverse suppliers/vendors in various countries creates a complex supply chain.
- Competition with local and international players is a key challenge.
- Global operations require skilled managers with expertise in coordinating across borders.
- Firms must consider the social and environmental effects of their business practices.
Importance of Global Business
- Drives economic growth, generates employment, and enhances productivity.
- Companies access new markets, expand sales, and increase profits.
- Sharing knowledge and ideas leads to innovation and improvement across cultures.
- Utilizing cost-effective labor and materials from diverse geographic locations is a key benefit.
- Global competition forces companies to improve their products, services, and operations to stay ahead.
- Cultural exchange and interaction between individuals in global operations promote mutual understanding.
- Consumers benefit from wider access to a variety of products and services.
- Investing in foreign assets and businesses creates diverse investment opportunities in global settings.
- Businesses must adopt sustainable practices and environmental/social responsibility in their global operations.
SG as a Hub for Global Business
- Singapore's strategic location within major global markets provides easy access for business interactions.
- The stable political and economic environment translates to lower corruption and robustness.
- Pro-business policies, tax incentives, and ease of doing business attract global companies.
- Singapore's skilled and educated workforce attracts talent and expertise from across the globe.
- A transparent and straightforward regulatory environment promotes faster business establishment.
Global Real Estate Business
- Globalization of the real estate sector is increasingly evident through cross-border investment flows.
- Rapid urbanization and technological advancements, especially in proptech, drive accessibility for foreign investors.
- Collaboration between various real estate firms and international investors influences the dynamics of real estate.
- Diverse portfolios of properties across different countries are a hallmark of globalization of real estate business.
- Education and training programs are now offered globally in various real estate fields.
- Diversification of investments to mitigate risks and enhance returns in real estate is a notable trend.
- Increase in market penetration, customer acquisition, and brand/revenue gains are primary goals in real estate.
- Knowledge exchange, and better use of technology and innovation in real estate are becoming key.
- Global regulations contribute to attracting foreign investments.
- Global real estate business types include: consultancy, brokerage, property management, development, investment and management, and related technologies.
Motivations for Going Overseas
- Market diversification.
- Growth potential.
- Market penetration (to increase customer base/brand/revenue).
- Expertise and innovation to stay competitive.
- Synergies and economy from operating in several markets.
- Regulatory and tax considerations to maximize financial benefits and minimize risk.
- Building a global network.
Types of Global Real Estate Business
- Consultancy services for investment and development strategy.
- Brokerage or agency services for property sales and leasing.
- Property management services to handle day-to-day operations.
Real Estate Market Overview
- Economic decisions, interest rates, government policies, and demographics significantly influence the real estate market(residential, commercial, industrial, agricultural).
- Urbanization and infrastructure development are major drivers of real estate demand and valuation growth.
- Socio-cultural and geopolitical factors impacting real estate markets include remote working trends, political stability, international relations, and conflicts.
- The COVID-19 pandemic has altered living and working patterns, leading to shifts in property demand and price trends.
- Global real estate markets have differing characteristics, and some, like those in the United States, remain robust.
- Some key challenges in developing real estate markets include higher volatility, less mature markets, and risk of higher instability.
- Conversely, developed markets offer relatively stable, mature, transparent and predictable returns, but also have lower growth potential.
Buying Foreign Property
- Review options for potential properties.
- Determine a realistic budget.
- Understand local regulations and legal requirements.
- Use due diligence to assess risks & conditions.
- Consider agent(s) and legal representatives for support.
- Financing (check loan approval availability, etc).
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Description
This quiz explores the essential concepts and characteristics of global business operations. Learn how companies navigate international trade, cultural diversity, and competitive challenges. Understand the importance of skilled management and regulatory compliance in a global economy.