MySgProp: 2014 Most Popular (TOP 5) Overseas Property Investment
By MySgProp.com, 17-Jan-2015
2014 is the year for Overseas Property Market!
Thanks to the cooling measures in Singapore & Malaysia, 2014 is a great year for Overseas Property Market. With the advanced in air transportation & connectivity, our world is getting smaller and smaller. Since the revised of ABSD, the hefty stamp duty had make the property investment in Singapore no longer an easy mission to archieve. Most of the Singaporean started to open their mind to invest across the boarder — Iskandar Malaysia since 2012, due to the close proximity to Singapore and also strong collaboration between the Singapore-Malaysia Governments in Iskandar. Now, we see more and more savvy investors had advanced their steps into the other overseas property market, especially the emerging countries to look out for more attractive returns in shorter time.
In Singapore, a 1-bedroom condo easily cost S$600K. The downpayment needed at least 20% + 10% Stamp Duty (assuming this is your second property, and the bank loan had fully paid up for 1st property). 30% translated to about S$180K. This amount of money is not easy to fork out for most of the family, or beyond the investment budget range. Singapore living cost is one of the highest in the region, everyone is working hard for a better quality of life. Rather than let the money depreciating in bank, people are more willing to allocate portion of their investment fund into Overseas Property Market.
The following are the Top 5 Overseas Property Investment (MySgProp.com) for the year 2014. Did you miss?
2014 Market Trend Summary:
- For Faster Capital Appreciation and Better Rental Yield return, many savvy investors prefer to invest in emerging countries and yet low quantum investment #Cambodia #UK Manchester #Thailand
- The Bridge by Singapore Developer (Oxley) received overwhelming response at both Singapore and Cambodia. The AEC (ASEAN Economic Community) will be kicked off in 2015. If you still don’t know what is AEC, you’re out-dated for Overseas Property Market.
- Thailand, as a World’s Famous Tourist Attraction is not new to Singaporeans, the two Bangkok Project’s launched in Singapore – IDEO Q Diamond & Ashton Asoke were fully Sold Out in the first week of launching. The Thai Local Demands are super strong, accounted for >90% of total sales. We have buyers directly from Thailand to buy in Singapore as they can’t even get an unit in Thailand.
- Projects located at Prime Area/ Near to World Class University/ CBD are the first choices by most of the investors, although price might be slightly higher than the Suburb areas. #The Bridge Phnom Penh #Axis Tower Manchester #Victoria One Melbourne