22 Mar, 04:18PM in sunny Singapore!
Home $Money$

Should Singaporeans invest in foreign properties?

Subscribe to Should Singaporeans invest in foreign properties? 575 posts

Please Login or Signup to reply.
  • eddiecheng's Avatar
    48 posts since Jan '13
    • rich dad is not bankrupt. he only declared 1 of his company that is being sued bankrupt.

      by declaring the company bankrupt, he save on money instead.

      but he himself, is still rich

    • one thing you should take note about buying foreign properties is the exchange rate.

      example. you bought an australian property. but when you bought it auzzie dollar is at a high.

      1 year later. auzzie drop. even though your property grow 20%. but if the drop is 20%. then you earn nothing.

      but what if the property never grow. and the currency drop?

      so currency is one factor that most people never take into concern when buying foreign property

  • zulkifli mahmood's Avatar
    6,284 posts since Feb '05
  • PJ_Quek's Avatar
    3,369 posts since Sep '04
    • Originally posted by zulkifli mahmood:



      so far away, don't want lah. jauh lah. kulai also far, but at least linked to NSHW, 2nd link....

  • zulkifli mahmood's Avatar
    6,284 posts since Feb '05
    • Well, if you have the money and can afford to buy at Bukit Indah, by all means its your choice. However, there are other alternatives and landed properties not far from Johor Bahru Town or from Woodlands Checkpoint and Tuas Checkpoint, whereby average Singaporeans can still afford to own it. Those residential properties at Iskandar in JB now are just too expensive for average Singaporeans to own now.

    • Last Saturday and Sunday, while walking to the provision shop I met a neighbour who has just bought a corner house at Taman Sri Putri, Skudai, Johor Baru. His house frontyard plus the sideyard can occupy at least 10 parked cars within. He is a 55 years old Singaporean Technician and thinking about retiring in a few years time. He told me that he bought that landed property using his Malaysian niece’s name who is from Sarawak. He bought it for RM260,000 only…cash. So I asked him why he took that risk and he told me that before his niece agreed to use her name to purchase that property, he and his niece have signed an agreement in a legal firm in Singapore stating that he is the financer and caretaker of the property and should there be any problem arises from that property, he will be responsible, though he knows that this will not be sufficient for him to claim that it is his property legally should his niece play him out. However, he said that his niece is like his own daughter. Plus he said it is very cheap…about S$80,000 only and its not far from his current flat at Jurong. Well, I didn’t comment much afterall it is his choice.

      He said that before he bought the property, he had surfed the internet for other landed properties in JB because landed properties in Bukit Indah in JB are just too expensive for him. Prior viewing the house at Taman Sri Putri, he went to Kulai to view another house there too. However, he said that the minute he saw the house at Taman Sri Putri, it straight away struck him to decide to buy it because of the big house and spacious compound. He intended to make it into a weekend house before he retire fully.

      That Saturday and Sunday, I helped him to clear some of the lalangs within his house compound and gave him some advise how to adjust to the environment and slow pace life in JB. He will be renovating it soon and uplift the house features.

      Edited by zulkifli mahmood 14 May `13, 11:28PM


      Edited by zulkifli mahmood 18 May `13, 3:22PM

      Edited by zulkifli mahmood 18 May `13, 3:03PM


    • THE ADDRESS AT WACK WACK – Luxury Boutique Condominium (Metro Manila, Philippines)


      Edited by zulkifli mahmood 18 May `13, 3:20PM



    • M CITY at Jalan Ampang in Kuala Lumpur


      Edited by zulkifli mahmood 18 May `13, 3:53PM
    • Came across this article in the net, thought I share it in sg forums.


      I HAVE read many negative comments on the plight of Singaporeans retiring abroad and I would like to share my personal experience.

      I have been retired for more than 10 years and have and spend my time between Guangzhou in China and Vancouver in Canada. Both these cities are inviting, fun and less expensive than Singapore.

      In Guangzhou, I live in a penthouse apartment I bought for $150,000 five years ago. It is situated in Tian He district (similar to District 10 in Singapore) and next to the beautiful 400ha botanic garden condo residents can access for free through a side gate. It is a gated community with a clubhouse and first-class facilities, an Olympic-size swimming pool and modern security services. A similar apartment in Singapore would have cost at least $900,000 or more. For about 5,000 yuan or about S$1,000 a month, I live extremely well. A similar lifestyle in Singapore would cost me at least $5,000 a month. One can easily survive in Guangzhou on 2,000 yuan. It is cheaper if one decides to live in smaller cities like Fushan or Chungshan. A Singaporean who speaks proficient English can easily get a part-time job teaching English and earn 3,000 to 5,000 yuan a month.

      A retired professor from Nanyang Technological University in Singapore lives in the same estate as me in Guangzhou for the past few years. He teaches science at a local university and earns about 10,000 yuan a month. He too can testify to the cost of living in Guangzhou. He is unlikely to return to Singapore as he has liquidated all his assets there.

      In Vancouver, I live in a 5,000 sq ft waterfront property that costs me less than $1 million. A similar piece of waterfront property in Singapore would cost $3 million or perhaps more. I drive a Honda Civic Hybrid I bought brand new five years ago for $25,000. A similar new Honda Hybrid in Singapore would have cost close to $100,000 if you include COE. If one prefers a more prestigious cars like a new Mercedes 250 or a BMW 325, these cars cost less than C$50,000 (S$67,000). The cost of living for my wife and me, not including housing as it is relative, is less than $2,000 a month. The cost of living for me in Vancouver will drop significantly when I reach the age of 65 when I am entitled to old-age pension from the Canadian government. My wife and I will then receive more than $2,000 a month from the government. This pension is given whether one is rich or poor.

      If you factor in savings in the cost of buying a house and a car in Vancouver and in Singapore, the difference is more than enough to pay for a happy and comfortable retirement for the rest of one’s life.

      If one is more adventurous and hands-on, the cost of living in Vancouver can be only a few hundred dollars a month. This can be achieved when you fish, catch crabs and prawns, grow your own vegetables, hunt and so on. There are lots of places to fish and hunt. All you need then is to buy rice, sauces, spices and pay for essentials like gas and electricity at home, telephone bills and transport. These items amount to no more than $500 a month. I have tried it and it is fun.

      It is impossible to find similar possibilities in Singapore where one can survive solely on Mother Nature.

      Some readers have complained with depressing tales about lack of friends for retired Singaporeans living overseas. To these people, I suggest we shed our introvert and ‘kiasu’ mentality. If one is an extrovert and willing to engage in and be proactive, one will have lots of friends. I have lots of friends of all races in both Guangzhou and Vancouver. I participate in dragon-boat races in Vancouver, San Francisco, Guangzhou and Hawaii. I am the only Singaporean with the rowing team and the oldest. The rest of the team are from Hong Kong, Taiwan, China, Thailand and some European countries. I play golf with friends of all races. I give free English lessons to Guangzhou university students, as well as local businessmen. I am a member of both the Guangzhou and Vancouver Toastmasters clubs, Guangzhou Canadian Friendship club and Friends of Taiwan club. I am always welcome by friends in Guangzhou and Vancouver. We have activities all year round, such as snow hiking and skiing in winter, fishing, gardening, cruises to Alaska, and barbecues during summer, pot-luck, mahjong and hunting the rest of the year. There is hardly a dull moment.

      My wife, who is a retired teacher from Singapore, gives free English lessons to doctors and nurses at Chungshan Hospital in Guangzhou. She does volunteer work in Vancouver. Life is so rewarding and there is no time to be depressed.

      There have been a number of comments that we are treated as second-class citizens in our adopted countries. It is inevitable there will be a small minority of people who are racists and bigots. These people even hate their own kind. It is not the norm and it happens in any country, including Singapore.

      I have kidney failure and it costs the Canadian government $8,000 a month to treat me at no cost to me. There are nine friends willing to donate a kidney to me. They include a Caucasian, a Taiwanese, a Malaysian, a Korean, a mainland Chinese (a doctor herself) and four members of my family. It not true to say we are second-class citizens when people like Dr Ron Werb, head of department at St Paul’s Hospital, accompanies us in dragon-boat rowing practices twice a week, together with other doctors. As immigrants, we have the same opportunities and rights as other citizens, regardless of race.

      I remember when I first emigrated to Canada more than 20 years ago, my three children were given C$250 each as ‘milk money’ until they reached high school. This policy is still on going. There are a lot of support and help organisations for new immigrants of different cultures and race to help them assimilate into Canadian society.

      I was born without a father, expelled from Outram Secondary School in Secondary 2 and worked for less than $100 a month at the age of 15 years in Keppel Shipyard as an apprentice. With that kind of credentials, I doubt I could achieve much in Singapore. But in Canada, we have a level playing field where we are rewarded by what we can do and not strictly by academic qualifications. Please don’t tell me we are treated as second class citizens.

      The Canadian government pays for my medical treatment when I travel overseas. Health care is very costly and an important factor for retirees. To have access to good free medical treatment during retirement is like striking a million-dollar lottery .

      The benefits of free health care offered in Canada make Singapore’s claim of a lower cost of living meaningless.

      I welcome any member of the press to visit Guangzhou or Vancouver and stay with me for a month and experience the truth. However, there is one condition. Don’t send an introvert or eternal pessimist who engages in self-pity and complains.

      Retiring overseas is not a bed of roses, but only if one is not prepared to make the necessary adjustments and sacrifices to suit the environment. If one is prepared to work hard, stay positive and stop complaining, it is hard to fail. For me and many others, we are happy immigrants. Life could not be better. There is no shame and we certainly have a clear conscience when immigrating from Singapore.

      Cheong Wing Lee


    • SOUTHBANK GRAND – New Landmark Apartment Tower (Australia)



      Edited by zulkifli mahmood 19 May `13, 1:16AM


  • PJ_Quek's Avatar
    3,369 posts since Sep '04
    • Originally posted by zulkifli mahmood:

      Well, if you have the money and can afford to buy at Bukit Indah, by all means its your choice. However, there are other alternatives and landed properties not far from Johor Bahru Town or from Woodlands Checkpoint and Tuas Checkpoint, whereby average Singaporeans can still afford to own it. Those residential properties at Iskandar in JB now are just too expensive for average Singaporeans to own now.

      Not interested lah.

  • zulkifli mahmood's Avatar
    6,284 posts since Feb '05
Please Login or Signup to reply.