Analysts can trumpet the benefits of shares, bonds and other investment products till the cows come home but Singaporeans still like to put cash into boring old bricks and mortar.
That’s been the case for decades but the big difference now is that foreign fields are looking more fertile than our own patch.
Surging prices on the one hand and tough cooling measures on the other have prompted many local buyers to eye property overseas.
Buyers are finding themselves spoilt for choice with increasing numbers of property roadshows calling in here from overseas, dangling lower prices and higher rental yields.
But there are plenty of pitfalls out there for the unsuspecting buyer, so there is a lot to know before you throw thousands of dollars into a foreign country.
Financing is one such area. While Singapore banks may provide loans for property in established markets like London, buyers will still be exposed to currency risk.
The sharp fall in the Australian dollar in recent weeks, for example, may well have caught out some borrowers.
We look at some cities in two established property markets – Australia and Britain – and two up-and-coming ones – the Philippines and Thailand – to see why they make good investment choices.
- Boutique luxury on Phuket (Property Report)
- Twin Oaks Place Philippines set to be home of the future (Property Report)
- Outlook bright as property market thaws and economy recovers, says British Land boss (Mail Online)
- NT Construction Firing on All Cylinders (designbuildsource.com)