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RESIDENTIAL PROPERTY | Contributed Content, Singapore
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Alexander Knight

Top spots for Singaporean investors searching for overseas property

BY ALEXANDER KNIGHT

With Singapore property prices on the slide amid stringent cooling measures, Singaporeans are looking elsewhere to invest their hard earned money.

Of the investment opportunities that abound, top of the list is Australia, with Melbourne CBD seen as some of the most popular.

Sydney, Brisbane, and Gold Coast are close on its heels - with off plan property doing a brisk trade despite the flat market - with Singaporeans looking for safe and bankable investments.

Another hugely popular port of call is UK property - with student accommodation and more affordable areas like the north of England hitting a sweet spot.

Other European countries, such as Spain and Portugal, are also fairing well, but the ‘Golden Visa’ doesn't seem to be of great interest to first world Singaporeans.

Old favourites in Malaysia, Thailand, and Indonesia still remain popular, but new property taxes in Malaysia and a higher minimum purchase price have put off some buyers.

Thailand’s military takeover has dampened market spirit and buyers are concerned by perceived uncertainty in the judicial system - laws have a tendency to inexplicably change when the arm is in charge there.

With presidential hopeful Joko “Jokowi” Widodo securing victory in the recent election, Indonesia is now looking like excellent investment opportunity and there are now dozens of new launches now coming on stream in Jakarta, Bali, and Lombok.

According to recent agency data, the USA is currently gaining in popularity, with California leading the pack. Property prices are on the rise and it now looks like a good time to investigate the market.

There are several Michigan and North Dakota schemes that are worth looking into as the return on investment is good at typically more than 8% per annum.

Many Singaporeans have been put off Brazil investments and fingers are being pointed at the uncertainties over EcoHouse Group for souring the market.

There are many seriously good investments out there - however, a solid bit of advice is that if it sounds too good to be true, it probably is.

Happy hunting!

The views expressed in this column are the author's own and do not necessarily reflect this publication's view, and this article is not edited by Singapore Business Review. The author was not remunerated for this article.

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