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Buying Off-Plan Property in Vietnam: A Foreign Buyer’s Guide

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According to the Law on Housing, which took effect from 2014 foreign individuals are eligible for ownership if they are allowed to enter Vietnam. You only need a tourist visa to buy, it’s simple as that.

As you can see, Vietnam’s property market opened up very recently. This in combination with the country’s rapid economic growth makes Vietnam one of the top spots for foreign investors. You can buy, rent, receive or inherit ‘commercial’ housing, including condos and detached houses in projects of housing construction.

However, before you buy, it’s important that you study the buying process and payment schemes well in advance, as these might differ quite much compared to home. Therefore, I’ve written this guide where I explain the following:

  • Process when buying off-plan
  • Information about payment instalments
  • Other useful information

Process when buying off-plan property in Vietnam

Below I’ve included a step-by-step guide when booking and paying for an off-plan property in Vietnam.

1. Get in touch with a real estate agent

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Buying Property in Dubai as a Foreigner: The Definitive Guide

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Dubai has opened up to foreign property buyers since 2002 and the property market has boomed since. We often read about developing countries like Vietnam or the Philippines, but previously having almost 25% of all the cranes in the world, ATMs that can dispatch gold and an economy that relies only 6% on oil exports, Dubai is becoming increasingly interesting to me.

It’s one of the most business friendly countries in MENA and grows with a rate of around 4%, which is not bad for a developed nation. If you buy property in a foreign country like Dubai, it’s important that you get your feet wet first. Therefore, I’ve written this article where I explain the key information you need to know when investing in Dubai real estate.

Can foreigners buy property in Dubai?

Since the Dubai government introduced new ownership regulations in 2002, it’s become remarkably easier to buy and own property as a foreigner. Many say that Dubai is the easiest country to do business and to invest in real estate in the MENA region, something that probably doesn’t surprise you.

In total, you have three different property types available, that I want to present first:

  • Freehold properties (Musataha)
  • Long term leasehold (Usufruct)
  • Strata-titled properties (Commonhold)

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Buying Commercial Property in Malaysia: A Complete Guide

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Do you plan to buy property in Malaysia?
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I’ve already written a complete article about how you can buy residential property in Malaysia as a foreigner.

Buying commercial property is less spoken about, especially in the media, but it can bring you great yields.

The regulations differ a bit from buying residential property, there are also some key considerations you need to understand before buying, for example the importance of location.

In this article, I explain how it works when buying commercial property in Malaysia, one of the most developed countries in Southeast Asia.

Can foreigners buy commercial property in Malaysia?

Malaysia is famous for being one of the most foreign friendly countries when it comes to buying property in Asia.

You have no particular restrictions to buy residential property and commercial property, you only need to deal with some minimum investment requirements, there are also some land types that are reserved for Bumiputera only.

When it comes to commercial property, the minimum investment doesn’t apply to the whole of the country whatsoever, but in places where the buying pressure is slightly higher, like in Kuala Lumpur.

Even if there’s Bumiputera reserved land, you have a number of other land types available.

What kind of commercial property can I buy?

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Buying Commercial Property in Hong Kong: The Definitive Guide

buying-commercial-property-hong-kong

Do you plan to buy property in Hong Kong S.A.R.?
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Commercial property is an untapped area for many investors, but you can reap great yields if you do your research and dedicate some time and effort.

You have a number of options if you decide to buy commercial property, including everything from retail to industrial and not to forget – car parks.

However, the commercial market is rarely spoken about in the media, you mostly hear about how prime office prices change on a quarterly basis.

Therefore, I decided to write this article that explains how you can buy commercial property a bit more in detail.

Hong Kong commercial property market

The Hong Kong market is one of the freest in the world and highly speculative, that’s why you often read articles about it in newspapers like SCMP, Bloomberg and Straits Times. It’s also diverse, you have a different variety of sectors where people buy and sell, including retail, office, industrial and others.

The sectors are thereafter divided into different sub categories, like restaurants, hostels, hotels, car parks, warehouses, I think you get my point. That’s why it’s difficult to explain the market in short words.

The office prices in the CBD (Central Business District) in Central get more attention and you’ll have difficulties to find information about other sectors and areas.

Looking at commercial property in general, including industrial, retail and office space, prices in Hong Kong have outperformed other major hubs (like Manhattan) greatly and tripled during a time period as short as a decade.

Not only is the residential market considered the most expensive in the world. Setting new price record time after time, many analysts claim that office prices are overvalued in Central.

So why are land prices and office prices continuing to climb higher?

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Buying Commercial Property in Singapore: The Ultimate Guide

buying-commercial-property-singapore

Do you plan to buy property in Singapore?
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If you read this article, you’ve probably understood that residential property is not your only option when investing in Singapore. Or maybe you just want to know more about the opportunities when buying commercial property.

The fact is that you can buy commercial property, without the necessity to put up a big amount of money on the table, if that’s your wish. Many foreigners faulty believe that buying commercial property is out of their range and dedicated to more sophisticated investors.

Therefore, I decided to write this article to explain how you can buy commercial property in Singapore and what benefits it brings.

Strata-title commercial property

Buying a unit in a condo (strata-title property) is a preferred option when expats and Asians invest in the region. Why? Because it brings many benefits and is fairly cheap, in most countries at least (maybe Singapore is an exception).

But condominiums are not the only property type which comes with a strata-title, in fact, you can buy strata-title commercial property as well. The same concept applies: you own a unit, share common areas with others and let someone maintain the whole building.

One misconception is that people faulty believe you need to buy the whole structure, but you rarely buy a whole condo building either, right?

Benefits of buying commercial property

Understandably, there are both benefits and drawbacks when buying both residential and commercial properties. First, let’s have a look at some of the benefits which might convince you to go for this option:

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How to Buy Property in Laos: The Definitive Guide

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Laos?
Click here to get in touch with an experienced agent

Laos is a small country in terms of population, but big in terms of land area.

With one of the highest economic growths in SEA and landlocked by a number of other growing countries in the region, it will continue to grow over the years.

Still, it’s somewhat more difficult to invest in property, at least compared to a majority of its neighbors.

In this article, I explain the essentials you need to know when investing in Laos property, for example, about ownership regulations, taxes, where you should buy and more.

Can foreigners buy property in Laos?

Buying property in Laos is not as easy compared to many of its neighboring countries.

You can buy and own physical structures (including houses). This is how properties are often advertised: you simply buy a house with a leasehold agreement of the land that will cover you for a time period of up to 30 years, sometimes with an opportunity of renewal up to 99 years.

If you’re lucky, the property is built within an SEZ (Special Economic Zone) which gives you the right to lease the land for up to 75 years, straight away.

Problems when buying a strata-titled property

But there’s a krux for strata-titled properties (condos):

The problem lies within the fact that Laos don’t have a separate law on strata-titled property. Those are existing in all other countries in Southeast Asia.

Without a separate law on strata-titled property, there’s no clear separation of ownership of the land and the physical structure.

In the end of the day, the lessor of the land owns the physical structure as well.

So, when the lease period expires, the land and everything above it goes back to the lessor, unless the leasehold period is renewed.

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How to Buy Property in China: A Complete Guide

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in China (Mainland)?
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Media often speaks about how Chinese property buyers flood markets in countries like Australia and Canada.

On the contrary, what many foreigners know little about, is whether you can buy residential property or land in a growing market like China’s.

In this article I explain the crucial info you need to know when buying, holding and selling property as a foreigner in China.

Can foreigners buy property in China?

You’re allowed to buy one property, but need to either study or work in China for at least one year before that. Additional requirements apply in Beijing and Shanghai.

Additionally, you can buy property directly via developers, individual sellers or an agent (which is not the case in Indonesia, where you need to buy directly from developers).

You should also buy the property for dwelling purposes, hence you’re not allowed to rent out the property and act as a landlord.

There are no restrictions to the type of property you want to buy, which is not always the case. For example, in Singapore, where foreigners generally can’t buy landed houses.

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How to Buy Property in Indonesia: The Definitive Guide

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Indonesia?
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Despite its rapidly growing economy and great potentials, Indonesia is often overshadowed by neighboring countries like Malaysia and India in the media.

It’s not strange whatsoever, as foreign ownership regulations are not as relaxed as other countries in the region.

There are signs that the government is trying to increase foreign investment, something that will be needed to be competitive.

If Indonesia decides to loosen on regulations to foreign ownership, the market is predicted to boom, something you should beware of well in advance.

In this article, I explain about Indonesia’s property market, foreign ownership regulations, where you should buy and more.

Can foreigners buy property in Indonesia?

Even if Indonesia is starting to open up to foreign investment, you’re still not capable of buying and owning freehold property as a foreigner.

Instead, you can acquire different titles that allow you to lease, use or build physical structures on that property (land). I will explain more about the different titles later in this article.

Still, it’s not uncommon that foreigners, in places like Bali for example, let Indonesian nominees hold the freehold title for them, although this is risky as you’re not protected under Indonesian laws.

What property can I acquire?

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How to Buy Property in the Philippines: A Complete Guide

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in The Philippines?
Click here to get in touch with an experienced agent

The economy is growing steadily in the Philippines, making it an interesting and popular place to foreign property buyers.

The country consists of around 7000 islands, some of them famously known for being the most beautiful in the world.

With locals that are fluent in English, and prices that are much lower compared to many other places in Asia, it’s not strange why so many decide to buy property, or retire here.

In this article I explain the crucial information you need to know when buying property in the Philippines.

Can foreigners buy property in the Philippines?

Foreigners often decide to buy a unit in a condo, as we are not allowed to own land in the Philippines.

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How Asian Investors Can Buy Property in Portugal: A Complete Guide

Suggestion: Watch the 5 minutes video tutorial before reading this article

Have you ever considered to become a European citizen and get full access to the Schengen area?

A property purchase in Portugal can help you to fulfill that goal.

And with property prices that are still very cheap compared to places like Shanghai, Shenzhen and Hong Kong, you’ll be able to reside in a sunny country with great food, nice weather and long beaches.

In this article, I explain all the basics you need to know when buying property in Portugal.

Can foreigners buy property in Portugal?

Yes, foreigners, including Asian investors have no particular issues to invest in Portugal properties.

Many foreign buyers (especially from the UK and Mainland China) have taken this path, in fact, Portugal is one of the five most popular countries for Chinese property investors.

You’ll also have the chance to become a permanent resident (more about that later in this article).

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