AIAIG Overseas Property Investment Weekly Report | Week 1, 2026: Policy and...

Week 1 of 2026 falls within the cross-year window (12/29–01/04). Such periods are often not concentrated release times for "major stimuli," but rather:

• Incorporate announced policies into execution processes (or clarify execution guidelines)
• Announce annual/quarterly data guidelines to provide the market with a "new year anchor"
• Turn financial and registration services into "usable products" to enhance transaction efficiency

AIAIG View: The cross-year week is more suitable for focusing on changes in the "institutional foundation"—these changes will not immediately drive up prices, but will alter the friction costs, compliance requirements, and market transparency for foreign investment in real estate over the coming year.

Japan continued its policy focus from mid-December during the New Year's week: by improving declaration and registration information, it upgraded foreign real estate acquisition from a 'discussion topic' to a 'quantifiable governance target'.

This week, the key points for investors to grasp are not 'whether purchases will be banned,' but two clearer paths:

1. Expansion of foreign real estate purchase declaration scope: from the previous emphasis on 'investment purpose declarations,' it now covers residential purchases, allowing the government to more comprehensively understand foreign participation (reports mention the target points to an implementation timeline for the next year).
2. Improvement of property acquisition information: a system direction requiring new owners to disclose nationality or nationality-related information, strengthening the data foundation.

AIAIG perspective: This means Japan is more likely to adopt a 'data-first, then differentiation' governance approach in the future: first, clearly mapping the profile of foreign real estate purchases, then discussing whether to tighten scrutiny or adjust tax burdens for certain areas or transaction types. For Chinese buyers, the importance of preparing compliant materials and the explainability of funding sources has increased.

The key focus for Singapore during the New Year week is 'official data anchors + 2026 issues brought forward'.

• Official release of the flash report on the Resale Price Index and supply information for the fourth quarter of 2025, providing reference for market expectations in the new year.
• Market-level discussions begin to concentrate on the supply pace, eligibility, and rule issues for 2026, as well as expectations for new private residential project supply and prices.

AIAIG Perspective: Singapore's housing policy logic remains 'housing priority, suppressing short-term speculation'. What is more worth reading during the New Year week is: how the government manages long-term affordability through fine-tuning supply and rules, rather than expecting a quick shift towards easing.

The most important variable for overseas buyers in Malaysia during the New Year week is the effective date of the 'adjustment to the stamp duty (or instrument of transfer stamp duty) for foreign buyers'—starting from January 1, 2026, there will be significant adjustments and discussions regarding the real estate tax arrangements for foreign individuals and foreign companies purchasing residential properties.

AIAIG Perspective: Malaysia's approach to foreign capital is closer to 'threshold and cost management': balancing foreign capital entry with domestic affordability through tools such as taxes and minimum thresholds. For investors, this will directly impact:

• Purchase costs (especially for large residential properties)
• Comprehensive tax calculations upon exit
• The difference in returns between 'self-occupancy/long-term holding' and 'short-term trading'

Recommendation: Treat stamp duty/state thresholds and project type restrictions as pre-screening conditions, rather than scrambling to supplement materials at the last minute of a transaction.

Vietnam's signals at the beginning of the new year lean positive: market narratives focus on 'increased housing supply and affordable housing by 2026,' as well as removing project obstacles through new directive/committee mechanisms.

AIAIG Perspective: Vietnam's opportunities often do not come from sentiment-driven price increases, but from 'compliant supply release.' For foreign investors, the key remains: clarity on project qualifications, saleable scope, foreign quota, property rights duration, and renewal mechanisms.

During the New Year week in Thailand, no new nationwide measures to 'relax restrictions on foreign property purchases' were implemented, but the supportive policy of low transaction fees (reduced transfer/mortgage registration fees) remains the market backdrop.

It is important to emphasize that such benefits typically favor eligible Thai citizens and specific price ranges, with limited direct access for foreign investors.

AIAIG's perspective: For foreign investors, Thailand's 'return explanation' relies more on rental demand and holding structure choices (such as condominium ownership, legal long-term leases, etc.), rather than on transaction fee benefits themselves.

The most noteworthy aspect of Dubai's New Year's week is not 'tax reform/purchase restrictions,' but rather using digitalization to streamline the entire home-buying process:

• Digital mortgage platform: Connects multiple lending institutions to improve the efficiency of comparison, application, and approval.
• Post-loan settlement mortgage release service package: Compresses the originally multi-step process into fewer stages, shortening the processing time.

AIAIG perspective: Against the backdrop of increasingly strict global regulations and more cautious capital, Dubai uses 'efficiency' to enhance market appeal. Efficiency improvements directly impact: financing costs, transaction cycles, secondary market liquidity, and cash flow initiation speed.

1. Malaysia (Effective from 2026-01-01) Foreign Investment Property Purchase Tax Arrangements Enter into Effect: Changes in acquisition costs will alter project screening and return calculations.
2. Japan's Foreign Investment Property Purchase Transparency Continues to Advance: The trend of expanding declaration scope and improving registration information becomes clearer, requiring advance preparation of compliance materials.
3. Singapore Official Data Anchor (2026-01-02): Resale index flash reports and supply information set the tone for market expectations in the new year.
4. Dubai Process Efficiency Upgrade: Mortgage digitization + one-click mortgage release, improving transaction friction and cash flow initiation speed.
5. Vietnam's 'Resolving Project Obstacles, Expanding Supply' Narrative Strengthens: Foreign investment opportunities lean more towards compliant projects and supply release cycles.