How to Invest in Mongolia’s Property Market: By Mongolian Properties

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Mongolia has been one of Asia’s best performers in terms of property rental yields and capital appreciation in the past decade. Yet, it’s still not under many investors’ radar.

At the moment, most attention comes from foreign companies who look for commercial property or housing for expats. With that said, Mongolia is predicted to perform well in the coming years, having one of the fastest-growing economies in Asia.

Today, Mongolian Properties helps to explain how it works when buying property in Mongolia. It’s one of the biggest real estate agencies and a reputable developer that has built many projects in the past.

Topics covered:

  • Can foreigners buy property in Mongolia?
  • What property types are available to foreigners?
  • How is the real estate market?
  • How is the process when buying property?
  • Can foreigners rent out property in Mongolia?
  • What are the best cities to buy property?
  • What property types should be of interest?
  • How can I transfer funds from Mongolia to overseas?
  • What property taxes do I need to pay?

Can foreigners buy property in Mongolia?

Mongolian property laws are comprehensive and well-drafted with good protection of title and ownership rights. This applies to foreigners as well.

Having a ‘floating freehold’ system, the constitution and other major laws provide both foreign and Mongolian citizens with inalienable freehold rights to immovable property.

There’s no distinction between local and foreign purchasers in the legal system in terms of property rights. Continue reading How to Invest in Mongolia’s Property Market: By Mongolian Properties

5 Worst Countries for Foreign Property Buyers in Asia

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Asia is one of the most diverse continents, not only culturally, but also economically.

It’s the only continent where we find highly developed countries, such as Japan and Singapore, alongside countries like North Korea and Myanmar.

Due to this, openness to foreign investment and foreign property ownership regulations can differ significantly between Asian countries.

I’ve already written an article that explains about your best options when investing in real estate in Asia. Today, I’ll list your worst options.

1. North Korea

pyongyang-property

Let’s start with possibly your worst option.

North Korea is notorious for being one of the most isolated countries in the world.

Continue reading 5 Worst Countries for Foreign Property Buyers in Asia

Top 11 Property Developers & Real Estate Companies in Bangladesh

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Being one of the fastest growing countries in the world, and a member of Next Eleven, Bangladesh is attracting more attention and interest from investors overseas.

The country is becoming on par with India in terms of economic rise, something that will naturally gain the real estate industry long term.

If you plan to buy property in Bangladesh you’ll find a number of local developers in Bangladesh, but rarely exhaustive and summarized information about them.

Therefore, I’ve written this article where I present some of the top developers in Bangladesh.

1. Building technology and ideas Ltd.

Building Technology and Ideas Ltd., also known as BTI, is one of the leading and biggest real estate developers in Bangladesh. The company established in 1984, at a time when there were only two other real estate developers in the country.

The company was also among a few that established REHAB – the Real Estate Housing Association of Bangladesh, making them pioneers in the industry. They’ve completed hundreds of apartment projects in the last three decades, out of which 13 were completed in 2017.

The head office of the company is based in Dhaka, but they also have an additional office in Chattogram. Property types include mostly apartments under different collections like luxury, classic, and standard apartments.

Most of their projects are small-scale projects containing 10-20 apartments on average. For now, they develop projects in two cities, namely Dhaka and Chattogram. BTI has won several awards in the last few years and achieved an ISO 9001-2008 certification.

In addition to property development, they offer other real estate services like interior design, property rentals, corporate services, and contractor.

Projects

On average, BTI develops more than a dozen new projects a year, mostly apartment buildings. Some of their recent projects are listed below:

Continue reading Top 11 Property Developers & Real Estate Companies in Bangladesh

Top 9 Property Developers & Real Estate Companies in Sri Lanka

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Sri Lanka’s property market has grown much the past years, so much, that government officials are afraid that we will see a new bubble burst in 2020-2022.

Everything from condo buildings to commercial properties are being built, and there are a number of local developers operating in the country. But you rarely find summarized information about the top developers.

In this article, you’ll learn more about some of the top residential property developers in Sri Lanka, who their founders are, what properties they build, what projects they manage, and more. Let’s have a look.

1. Blue Ocean Group of Companies

Blue Ocean Group of Companies is a big and diversified international business conglomerate based in Sri Lanka. They’re a leading real estate developera in the country, but also offers services in different sectors include trading, engineering, education, logistics, garments, construction of government infrastructure projects, and corporate consultancy.

The founder and the chairman of the company is Mr. Sivarajah Thumilan. He’s a graduate from the UK, with degrees in ACCA, CPA, and FMAAT from universities in UK, Australia, and Sri Lanka.

In total, they own more than 40 different companies and subsidiaries, out of which 16 works in the real estate sector. Some of their well-known companies and subsidiaries working in the real estate industry are listed below.

  • Blue Oceans Residences (Pvt) Ltd.
  • Blue Ocean Realty (Pvt) Ltd.
  • Blue Ocean Breeze (Pvt) Ltd.
  • Link Realty (Pvt) Ltd.
  • Alconn Construction (Pvt) Ltd.
  • Blue Ocean Real Estate (Pvt) Ltd.
  • Link Real Estate (Pvt) Ltd.
  • Link Capital (Pvt) Ltd.

Continue reading Top 9 Property Developers & Real Estate Companies in Sri Lanka

Top 9 Property Developers in Myanmar: A Complete Guide

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Being a military junta for decades, Myanmar opened up to the rest of the world very recently. Not surprisingly, it’s not the easiest place to do business or buy real estate in Asia. Hopefully, things will change over the years.

Still, Myanmar is an untapped frontier market with lots of potential, a reason why property buyers and investors alike, turn their eyes to this country.

There are a lot of infrastructural investment going on in Myanmar, and many new properties in the pipeline. But it’s not easy to find summarized information about the developers, operating in the country.

Therefore, I’ve written this article where I list some of the biggest and most reputable property developers in Myanmar.

1. Marga Group

Marga Landmark Development Co. Ltd is the real estate wing of the Marga Group, one of the largest conglomerates in Myanmar. Marga Group is an international corporation that owns several subsidiaries, working in real estate and the telecommunication sector in Myanmar.

Marga Landmark Development focuses on mixed-use and high-end property developments. The company is based in Yangon, the founder and the chairman of the company is Dr. Stephen Suen, who has more than three decades of experience in real estate, management, telecommunication, and finance.

Continue reading Top 9 Property Developers in Myanmar: A Complete Guide

How to Buy Property in Laos: The Definitive Guide

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

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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.

Continue reading How to Buy Property in Laos: The Definitive Guide

Investing in Macau Real Estate: By JML Property

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Formerly a Portuguese colony until 1999, Macau has the 3rd highest GDP per capita in the world, it’s also the most densely populated region.

Probably you already know that it’s famous for being a gambling mecca as well.

Often overshadowed by news telling about the frenzy in Hong Kong’s property market, many know little about what’s going on a stone’s throw away, in Macau.

Juliet Risdon works as a Designer and Director at JML Property, a leading real estate agency on Macau, founded in 1994. Their international team has helped many foreigners with services like buying and selling property, tenant property services, repair procedures and more.

Macau is interesting for sure, a reason why Juliet has been interviewed by newspapers like the NY Times, Reuters and Financial Times.

Let’s see what she has to say about the property market in Macau.

Juliet, what are the general regulations when buying a property in Macau as a foreigner?

The only areas where the Macau property market discriminates between foreign and local buyers is the additional 10% stamp duty that is applied to foreign buyers and the limitation on land ownership.

Foreign individuals and legal entities can invest in as many properties- residential, industrial or commercial- as they would like.

Most people hear about the property market in Hong Kong when reading the news, Macau is less mentioned. How has the property market performed in Macau the past decade? Have prices increased much like in Hong Kong?

Continue reading Investing in Macau Real Estate: By JML Property

How Colliers Help Asian Investors Buy Property in the UK: By Ashley Osborne

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Ashley Osborne, Head of UK Residential at Colliers International, has more than 20 years of experience working helping Asian property investors buy property in London.

Currently based in London, Ashley also spent years in Hong Kong, giving him a unique perspective of the ‘supply chain’ that covers both the ends of the market.

In this article, he explains how Colliers International helps both private and institutional investors in the UK, and why you may want to look outside of London.

Ashley, please tell us a bit about yourself and what you do at Colliers International

I head up the residential business in the United Kingdom and within this division, there are four principal areas of operation including: Residential Development (i.e. the sale and acquisition of residential development sites across the UK), PRS – Private Rented Sector (acquiring and selling build-to-rent residential assets to the institutional markets); New Homes (the sale of new-build houses and apartments within the UK) and selling UK residential properties throughout our Colliers International offices and affiliated partners globally.

Prior to my current role, I was based in Hong Kong working for Colliers International as Managing Director of our International Properties business.

Alongside a highly committed management and sales team, we established one of Asia’s largest international sales platforms.

You have extensive experience with Asian property investors. How do you reach out to prospective buyers in the region?

Like all markets, there are many different types of property investors with varying requirements and stipulations.

Regardless of geographical and investor nuances, on the whole, buyers look for two key things: a high quality product which represents good value for money and secondly, excellent customer service.

As a business, our sourcing and due diligence teams have concentrated their search on finding high quality developments built by ‘best-in-class’ developers and there is no doubt that having a great product constructed by reputable companies with a proven track record is key to attracting buyers.

In many ways, this is half the battle and we have been lucky enough to work with some of the best UK developers. Continue reading How Colliers Help Asian Investors Buy Property in the UK: By Ashley Osborne

Guaranteed Rental Income Investments in Asia: By Nick Stuart

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More and more people don’t only seek high price appreciations when buying property overseas.

The fact is: having the feeling of ownership, especially in a country that offers a great quality of life, and where you can get decent cash flow from rental incomes, is often fulfilling the needs for many buyers.

This is especially true for people living in cities like Shenzhen, Shanghai, Beijing, Taipei, and in Hong Kong, where the price to income ratios have gone crazy.

So: I was a bit surprised when I previously heard that buyers can secure fixed rental incomes through so-called ‘guaranteed rental income investments’.

To me, it sounded too good to be true…

Therefore, I’ve decided to invite Nick Stuart for an interview, to let him explain how guaranteed rental income investments work, mainly in Thailand, where he’s actively working with real estate.

Nick is the Managing Director of Exclusive Hot Properties, it’s a reputable company that offers guaranteed rental income investments to foreigners.

Let’s see what he has to say.

Continue reading Guaranteed Rental Income Investments in Asia: By Nick Stuart

Property Tax for Overseas Property: A Complete Guide

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Property tax is almost universal and one of the oldest forms of taxes. It’s imposed by almost all countries in the world, to persons who own property.

No matter where you’re buying a property, it’s often difficult to escape from property tax.

There are some exceptions, for example Qatar, Saudi Arabia, and a few other Middle Eastern countries.

In addition:

There’s a huge variation in the amount you have to pay in property tax, depending on where you live.

This article explains the details you need to know about property tax in different countries.

Continue reading Property Tax for Overseas Property: A Complete Guide