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?
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/