Got S$500,000 to invest in property? Here’s what you can buy in Singapore and nearby cities
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Got Southward$500,000 to invest in property? Here'due south what y'all tin can buy in Singapore and nearby cities
An overseas home not but serves equally a holiday abode, it could likewise mean an extra source of income.
(Photograph: Unsplash/Mike Enerio)
15 Sep 2022 06:08AM (Updated: 04 Jul 2022 05:32AM)
Are you in the marketplace to invest in a 2nd holding? What property can a S$500,000 budget go you? While information technology is not a terribly large budget when shopping for an flat in Singapore, it could score you a squeamish home exterior of Singapore. An overseas home non only serves every bit a holiday home, it could besides mean an extra source of income.
Here's what yous can buy in Singapore and nearby cities like Melbourne, Taipei, Tokyo and Bangkok.
SINGAPORE
PSF price (city centre): S$2,326
PSF toll (exterior of city): S$1,223
What you can get: A resale 400 foursquare-feet condo unit exterior of the CBD.
The pickings are slim. While S$500,000 is a lot of money in regular context, it won't get you very far in terms of belongings ownership. You tin can either consider property out for a rare precious stone or y'all could invest your money elsewhere.
MELBOURNE
PSF price (city centre): South$832
PSF price (outside of city): Due south$673
WHAT You lot CAN GET: A newly-built 500 foursquare-feet one-bedroom condo unit in a prime district within 2km from the CBD.
Melbourne has consistently been ranked the nearly livable city in the world for the last seven years. To curb speculation and rising prices, the Australian government limits the ownership of newly launched apartments and vacant land to foreigners. Non-residents will require official blessing prior to buying residential belongings in Commonwealth of australia.
Here'south what Due south$500,000 (AU$530,000), excluding taxes, tin can become you lot in Melbourne.
PSF price (city centre): S$1,353
PSF price (exterior of urban center): S$739
WHAT You lot CAN GET: A centrally-located freehold 350 square feet i-bedroom apartment.
At that place are no legal restrictions on foreigners when buying property in Japan. All you need to do is to provide a written notification to the Bank of Nippon within twenty days of purchase.
Compared to the prices in Singapore, a similarly sized apartment typically costs Due south$150,000 less in Tokyo. If yous're in the market to buy an apartment, know that Japanese apartments tend not to come with facilities and in that location is a benefaction of options that fall below the South$500,000 marking which translates to greater competition when renting out. Investors should as well take into consideration Japan's negative population growth rate before taking the plunge.
PSF cost (city centre): South$1,457
PSF cost (exterior of metropolis): Southward$805
WHAT YOU CAN GET: A freehold 400 square-feet apartment, ii kilometres from the CBD.
Hong Kong investors have been reportedly shunning Singaporean property in favour of Taiwanese apartments. Most Taiwanese apartments practise not come up with facilities and are situated in ageing building. However, the silver lining comes from the fact that their apartments tend to have high ceilings that allow homeowners to turn apartments into lofts. Potential homeowners should annotation that there are a far lower number of expats in Taiwan which translates to a sluggish rental demand and low rental yield.
Hither'southward the all-time that S$500,000 (NT$11.23 meg) can go you.
PSF price (metropolis heart): Due south$668
PSF price (outside of urban center): S$318
WHAT You lot CAN Become: A freehold, two-bedroom luxury condo unit over 700 square-feet in the heart of the CBD.
If you oftentimes visit Bangkok, information technology could be worth your while to consider investing in an apartment. In that location are no restrictions on Singaporeans ownership freehold condo units in Bangkok, equally long as less than half of the units in the development is owned by foreigners.
Hither's what South$500,000 (THB xi meg) can become you lot.
Alternatively, your upkeep can get you 2,000 nights at a five-star hotel, concierge-included.
This story starting time appeared in 99.co.
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Source: https://cnalifestyle.channelnewsasia.com/entertainment/investment-property-229081
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