The 5 best countries for Singaporeans to buy overseas property

January 13, 2017 Singapore

More Singaporeans are now looking for an alternative real estate investment and are now interested in buying overseas property from other countries. With that, we are sharing with you a list of some of the best places to buy overseas property, suitable as a property investment.

United Kingdom

5 countries for Singaporeans to buy overseas property | Singapore Property | Yazhou Property
Usual day in the busy streets of Tokyo, Japan

Residential and commercial properties in London have always been a favourite among the Chinese, American and Russian investors. Additionally, with the weakening of the pound due to the Brexit, affluent Singaporeans are driven to find overseas property in the UK.

Compared to other countries, purchasing a property in the UK is much easier for foreigners. This is due to an easy and straightforward investment process, and easily available high-quality legal advice. Furthermore, London’s property market assures buys a quick sale once they make a cash-out. There is also no scarcity of condos because new properties and developments keep coming up, tapping into the demand for students’ accommodations.

Japan

5 countries for Singaporeans to buy overseas property | Singapore Property | Yazhou Property
Usual day in the busy streets of Tokyo, Japan

One can never go wrong in purchasing a property in Japan for an overseas property investment. The country’s property market has made continued growth over the past years which draws more Singaporeans to start investing as well. Said growth has been particularly evident among places such as Okinawa, Hokkaido, Kyushu and Tohoku.

The increase in property prices in Japan is attributed to a lot of factors. One of these is the Abenomics. which made the availability of credit easy. The 2020 Olympic Games which Japan had successfully won, is also expected to cause a price increase in the future.

Malaysia

5 countries for Singaporeans to buy overseas property | Singapore Property | Yazhou Property
Malaysia’s famous Petronas Towers skyrocketing Kuala Lumpur’s skyline

Some foreigners buying a property in Malaysia are doing so because they want to invest their money in properties that are nearby. With the proximity of Malaysia to Singapore, more Singaporeans are now investing in Malaysia properties.

A Memorandum of Understanding to build a High-Speed Rail (HSR) linking Malaysia to Singapore was signed July of 2016. The HSR which is expected to be completed by 2026 is likely to urge more Singaporeans to buy a property in Malaysia.

Despite an expected completion by 2025, the Iskandar Zone in Malaysia is also expected to yield big opportunities for property investment in Malaysia. This special economic zone is three times the size of Singapore and can house 700,000 people when finished. A number of Chinese companies are already building residential and commercial developments, which include Country Garden’s Forest City built on four artificial islands.

Australia

5 countries for Singaporeans to buy overseas property | Singapore Property | Yazhou Property
Sydney’s Opera House, one of the 20th century’s most distinctive buildings

A data released by CoreLogic indicated a 2.7% increase in Australian real estate prices during the last quarter of 2016. Despite a 10.1% increase in the same period of 2015, not every city in Australia may present the same opportunity.

Sydney and Melbourne are the best cities for investment properties, with Sydney having an increase of 10.6% in property prices last year.

Cambodia

5 countries for Singaporeans to buy overseas property | Singapore Property | Yazhou Property
Angkor Wat, Cambodia’s majestic ruins

China and Korea have generally dominated the Cambodian real estate market but a recent report by Phnom Penh indicates that for the past 16 years, private investors from 18 countries have been entering Cambodia’s property market.

Through the years, private investors have completed 287 projects having a capital investment of US$4.3 billion. They started with small developments, with only 200 to 300 units, eventually developing to 1000 units each.

Aside from the increase in real estate prices, more foreigners are expected to buy overseas property in Cambodia due to its improving infrastructure.

Do you want to buy overseas property? Visit Yazhou Property blog for tips and guidelines as well as a directory of Asia properties suitable for investment. You may also follow us on Facebook to know the latest on the overseas property market.

Related posts:

  1. Why should you invest in Malaysia properties?
  2. Prime cities to buy a property in Japan
  3. Can a foreigner buy a property in Australia?
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