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24 replies to this topic | 52 praises

#1

Posted 13 January 2016 - 04:00 PM

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As a single man (below age 35) in Singapore, basically i cannot do anything with local property. Not rich enough for Condo XD

 

 I am hoping to get a decent HDB once I get married later, so as to get some government grants... Hence I am wondering are there brothers here who have participated in overseas property purchases?

 

I have went through the numerous adverts in Straits Times of property purchases in overseas in countries as diverse as Australia, UK, Philippines, Thailand, Malaysia etc.. (I wonder why not much of USA property), and is a little skeptical. Someone wrote to the Straits Times forum last week mentioning how many of these property companies tend to "collapse" with many investors burnt with money owed to banks, or even better, the land in mind does not even get developed at all...

 

Are there proper ways to look for properties to buy in overseas market? I am actually thinking of Cambodia, then again..... I do not mind learning and doing research, but with so much scams and "big canon fairies" around, hard to know which knowledge is decent.... Any bros or sisters here with advice or experience to share? =D

 

I was thinking of Capitaland's  The Ascott Limited - Somerset Norodom in Phnom Penh Price start from $1xxk which is cheap but i wonder how reliable is the rental guarantee they are offering though. Anyone has experience ? Location any good? 

 

From http://www.straitsti...nce-in-cambodia

 

According to the news "Somerset Norodom Phnom Penh is part of a 28-storey mixed-use development located in an exclusive district surrounded by Norodom and Monivong boulevards. Embassies, foreign banks, multinational corporations and government agencies are within the vicinity, along with many F&B outlets. The property offers a range of studio to two-bedroom apartments, with facilities including a playroom, gymnasium, sauna and residents’ lounge."

 

Somerset Norodom Sales page ; http://conversion-pa...ertyinvestment/


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#2

Posted 13 January 2016 - 04:14 PM

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If u are not the agent who is trying to promote her own website with the link u posted, then jokes aside, i will recommend that you do not buy any of these overseas properties.


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He is no fool who gives what he cannot keep to gain that which he cannot lose

 


#3

Posted 13 January 2016 - 04:23 PM

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first, ascott is an owner-operator. If the deal is so fantastic at 40% over 5 yrs from rental alone, why didnt ascott buy the property instead of just being an operator. obviously ascott themselves are not sure of the market in cambodia yet

 

second, the 40% "rental guarantee" simply means the developer mark up the price by 40% first then sell u with the 40% discount

 

next opportunity u see will be 50% and 60%, all the same trick one  [laugh]


He is no fool who gives what he cannot keep to gain that which he cannot lose

 


#4

Posted 13 January 2016 - 05:06 PM

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first, ascott is an owner-operator. If the deal is so fantastic at 40% over 5 yrs from rental alone, why didnt ascott buy the property instead of just being an operator. obviously ascott themselves are not sure of the market in cambodia yet

second, the 40% "rental guarantee" simply means the developer mark up the price by 40% first then sell u with the 40% discount

next opportunity u see will be 50% and 60%, all the same trick one [laugh]

Mayb ascott didnt have enough capitals to acquire properties. How many ascotts in this world are owned by them? After all they are franchiser


In jakarta, Ascott property owned partially by ciputra group and in surabaya ascott property owned by pakuwon group.


I think it depends. Countries like phnom penh are opening up their door with new cbd shaping up, its a potential to earn alot despite its high risk.
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Dont get confused between my personality & my attitude...

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My attitude depends on who you are...






#5

Posted 13 January 2016 - 05:09 PM

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Mayb ascott didnt have enough capitals to acquire properties. How many ascotts in this world are owned by them? After all they are franchiser


In jakarta, Ascott property owned partially by ciputra group and in surabaya ascott property owned by pakuwon group.


I think it depends. Countries like phnom penh are opening up their door with new cbd shaping up, its a potential to earn alot despite its high risk.

 

u said it. high returns comes with high risk

 

i'm just too risk adverse for such things 


He is no fool who gives what he cannot keep to gain that which he cannot lose

 


#6

Posted 13 January 2016 - 05:10 PM

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u said it. high returns comes with high risk

i'm just too risk adverse for such things

Yes cambodia laws and regulation are not english written. Its safer bet to invest in malaysia like KL or australia if market condition allows
Dont get confused between my personality & my attitude...

My personality is who I am...

My attitude depends on who you are...






#7

Posted 14 January 2016 - 01:26 AM

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As a single man (below age 35) in Singapore, basically i cannot do anything with local property. Not rich enough for Condo XD

 

 I am hoping to get a decent HDB once I get married later, so as to get some government grants... Hence I am wondering are there brothers here who have participated in overseas property purchases?

 

I have went through the numerous adverts in Straits Times of property purchases in overseas in countries as diverse as Australia, UK, Philippines, Thailand, Malaysia etc.. (I wonder why not much of USA property), and is a little skeptical. Someone wrote to the Straits Times forum last week mentioning how many of these property companies tend to "collapse" with many investors burnt with money owed to banks, or even better, the land in mind does not even get developed at all...

 

Are there proper ways to look for properties to buy in overseas market? I am actually thinking of Cambodia, then again..... I do not mind learning and doing research, but with so much scams and "big canon fairies" around, hard to know which knowledge is decent.... Any bros or sisters here with advice or experience to share? =D

 

I was thinking of Capitaland's  The Ascott Limited - Somerset Norodom in Phnom Penh Price start from $1xxk which is cheap but i wonder how reliable is the rental guarantee they are offering though. Anyone has experience ? Location any good? 

 

From http://www.straitsti...nce-in-cambodia

 

According to the news "Somerset Norodom Phnom Penh is part of a 28-storey mixed-use development located in an exclusive district surrounded by Norodom and Monivong boulevards. Embassies, foreign banks, multinational corporations and government agencies are within the vicinity, along with many F&B outlets. The property offers a range of studio to two-bedroom apartments, with facilities including a playroom, gymnasium, sauna and residents’ lounge."

 

Somerset Norodom Sales page ; http://conversion-pa...ertyinvestment/

 

have you been to Cambodia before ? are you familiar with their land / property laws ?


"old dog, new tricks ..."

#8

Posted 14 January 2016 - 03:41 AM

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Mayb ascott didnt have enough capitals to acquire properties. How many ascotts in this world are owned by them? After all they are franchiser


It's easier to earn a franchise and management fee then to cough up big sums. The hotel chains usually adopt the franchise model and own select flagship properties. Risks are better managed that way.
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#9

Posted 14 January 2016 - 04:00 AM

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TS better keep ur $

Investing in overseas property is a risky biz, lotsa pple got burnt before
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#10

Posted 14 January 2016 - 09:05 AM

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I rather buy SMRT shares [sunny]



#11

Posted 14 January 2016 - 09:28 AM

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I rather buy SMRT shares [sunny]

 

wow this one sure bao earn one

 

legalized monopoly

 

with highly competent executives


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#12

Posted 14 January 2016 - 09:35 AM

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wow this one sure bao earn one

 

legalized monopoly

 

with highly competent executives

 

still got $1B bus [sunny]  [sunny]  [sunny]


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#13

Posted 19 February 2016 - 12:22 AM

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In my opinion,

 

It is still best to invest in something that you are familiar with, moreover it is for such a big-ticket item purchase.



#14

Posted 19 February 2016 - 12:46 AM

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In my opinion,

It is still best to invest in something that you are familiar with, moreover it is for such a big-ticket item purchase.

But something familiar with also familiar with others.


So familiar becomes not cheap


Familiar ends up out of reach and too expensive


Don't be like familiar as one can go research on familiar
Sunny praised this
Dont get confused between my personality & my attitude...

My personality is who I am...

My attitude depends on who you are...






#15

Posted 19 February 2016 - 08:13 AM

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Not SIA?

 

 

I rather buy SMRT shares [sunny]

 


I'm not just telling you; I am showing you.

#16

Posted 19 February 2016 - 08:19 AM

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Property ownership overseas is much more complex. You will need the advice and coordination of a local agent.

 

High risk, high gain, but also higher chance of loss.

 

Although they are not as closely protected by our local laws, renowned companies are not likely to jeopardise their reputation for these international projects.

 

Rental guarantee is kind of complex, you might have to find out the actual rates and actual incomes of the people working there to ascertain if the guaranteed rates are sustainable.

 

Many emerging economies are going through the early stage of Singapore in the 60s or 70s. Some might make it, some might be stalled. If you identify the right one and take the appropriate risk, it is possible to earn. 

 

But I think Sg Blue chips safer.

 

 

As a single man (below age 35) in Singapore, basically i cannot do anything with local property. Not rich enough for Condo XD

 

 I am hoping to get a decent HDB once I get married later, so as to get some government grants... Hence I am wondering are there brothers here who have participated in overseas property purchases?

 

I have went through the numerous adverts in Straits Times of property purchases in overseas in countries as diverse as Australia, UK, Philippines, Thailand, Malaysia etc.. (I wonder why not much of USA property), and is a little skeptical. Someone wrote to the Straits Times forum last week mentioning how many of these property companies tend to "collapse" with many investors burnt with money owed to banks, or even better, the land in mind does not even get developed at all...

 

Are there proper ways to look for properties to buy in overseas market? I am actually thinking of Cambodia, then again..... I do not mind learning and doing research, but with so much scams and "big canon fairies" around, hard to know which knowledge is decent.... Any bros or sisters here with advice or experience to share? =D

 

I was thinking of Capitaland's  The Ascott Limited - Somerset Norodom in Phnom Penh Price start from $1xxk which is cheap but i wonder how reliable is the rental guarantee they are offering though. Anyone has experience ? Location any good? 

 

From http://www.straitsti...nce-in-cambodia

 

According to the news "Somerset Norodom Phnom Penh is part of a 28-storey mixed-use development located in an exclusive district surrounded by Norodom and Monivong boulevards. Embassies, foreign banks, multinational corporations and government agencies are within the vicinity, along with many F&B outlets. The property offers a range of studio to two-bedroom apartments, with facilities including a playroom, gymnasium, sauna and residents’ lounge."

 

Somerset Norodom Sales page ; http://conversion-pa...ertyinvestment/


Mercs praised this
I'm not just telling you; I am showing you.

#17

Posted 19 February 2016 - 08:29 AM

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Not SIA?

Sia?
Mlmlwml

#18

Posted 19 February 2016 - 08:42 AM

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Sia?
Mlmlwml

Cos SMRT is local. SIA at least can fly to the overseas countries?
I'm not just telling you; I am showing you.

#19

Posted 19 February 2016 - 09:09 AM

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Cos SMRT is local. SIA at least can fly to the overseas countries?

 

the local one, behind the mountain very big [:p]



#20

Posted 19 February 2016 - 09:14 AM

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the local one, behind the mountain very big [:p]

True that.

It is my favorite stock since I started.

Somehow always match my selling and buying times.
I'm not just telling you; I am showing you.


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