As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday, 24 October 2010

More Singaporeans consider buying overseas properties

SINGAPORE: The strong Sing dollar and rising property prices in Singapore have prompted Singaporeans to consider investing in properties overseas.


More than 6,000 visitors turned up at an exhibition on overseas properties on Saturday, the first day of the two-day event.

More than 150 properties worldwide are being put up for sale at the exhibition at Marina Bay Sands.

Among the properties is The Elements@Ampang in Kuala Lumpur. At about S$400 per square feet, the freehold property saw half of the block's units being taken up when the sale was launched in July.

Land & General Berhad's sales & marketing manager, Lim Kok Yee, said: "With a HDB flat [costing] about S$600,000, you can easily get about four units of this [The Elements@Ampang].....[On] the returns for capital gain, we are looking easily at about 15-20% in terms of three years to come."

The weaker euro has also made properties in Europe more appealing.

Ocean Villas Group's director, Rebecca Smith, said: "Singaporeans, unfortunately, can't get 100% finance loan most of the time, but 70% of finance in these properties is possible."

Still, buying properties in Spain now is about 50 percent cheaper than several years ago as property prices there have reached rock bottom, said property developers.

But property agents advise investors to consider other substantial charges including property taxes, interest rates and even property management fees.

- CNA/ir

No comments:

Post a Comment

Related Posts with Thumbnails