Should we buy an overseas home for living after retirement? Salespeople often market foreign properties as high return investment or affordable luxury homes. The latter appeals to buyers looking for value-for-money homes overseas, either for vacation or for retirement. After all, we work hard all our life and deserve a comfortable living in our golden years. And buying … [Read more...]
Overseas retirement – what you don’t know
Retirement in a foreign country is the dream of many. It is expensive to live in Singapore. We have high inflation, high housing cost and high cost of living. In contrast, our nearby countries can offer the same quality or even better retirement life at a fraction of Singapore’s costs. As more of my friends are approaching the age of retirement, discussions come up on an … [Read more...]
Podcast Ep#30: Where Is The Market Demand?
When we buy a home or invest in any property, there is a key question we need to ask: Where is the demand coming from? In this episode, I am going to cover the topic of supply and demand from the point of view of a fellow home buyer. Let me share with you my thoughts on two questions: 1) Who control the fate of the property market? Is it the developers, agencies, banks, … [Read more...]
6 gimmicks agents use to sell foreign properties
I watched a recent Hong Kong TV programme about buying properties in Malaysia’s Penang. It was a big surprise to see real estate in Penang being positioned as investment properties. To Hong Kong people, Penang is a beach holiday destination in Southeast Asia similar to resort places like Phuket or Bali. Foreigners go there to buy their holiday or retirement homes. How … [Read more...]
Forest City proves buying an overseas home is to buy a cat in a sack
Malaysia leader Mahathir Mohamad organized a five-day official visit to China. Besides asking China to withhold two major Chinese infrastructure projects, an agreement was reached to directly import whole fruit of Malaysian durians to China. As early as 2019, thousand tons of Mao Shan Wang will be exported to different provinces in mainland China. Foreigners are not … [Read more...]