Real Estate
Real Estate in Vietnam
Posted on December 14, 2011 |
Vietnam is enticing more and more international investors lately and, in a recent survey by the Association of Foreign Investors in Real Estate (AFIRE), Vietnam ranked fourth in the world in the emerging global real estate markets category.
Among the emerging markets, Brazil took first place from China in second , which ranked top in 2010. India came in third, Vietnam fourth and Mexico ranked fifth, losing last year’s position to Vietnam.
Russia, which has been amongst the top five emerging real estate markets for the last two years, dropped to tenth place.
Peter Ryder, general director of Indochina Capital, which currently has several real estate projects under construction in Vietnam, commented on the recent rise in investment saying; “This result is due to the rapid growth of Vietnam’s real estate market and the open regulations, which allow the participation of foreign investors.”
Vietnam continues to appear attractive to foreign investors and its economy has recovered well from the global recession. Other factors enticing overseas investors to Vietnam are its strong economic growth, fast rate of urbanisation and the growth of its new middle class.
Real Estate in Thailand
Posted on December 12, 2011 |
The procedure at the land office is quite unproblematic, fast and safe. In the Land Office an official agreement between the seller and buyer is produced, or between the seller and the person who presents a power of attorney from the buyer.
After that taxes and transfer expenses will be calculated and must be paid in cash or with a bank check. After payment the Land Office will register the transfer of the apartment and the buyer will be given the legal real estate document. In Thai this document is called a CHANOT and is the original document that was produced when the building was built. After that it is handed over from owner to owner and it is being marked by the Land Office at every change of ownership.
The whole procedure takes less than a day and there is no further waiting time for any documents.
In case of an existing property the buyer usually pays a deposit of 10% which is lost if the buyer doesn’t pay the full purchase amount as agreed. The remaining 90% is usually paid in cash or by a bank check on the day when the property is handed over to the new owner in the Land Office.
Real Estate in Singapore
Posted on December 10, 2011 |
Singapore became a British trading colony in 1819 and eventually developed into one of the empire’s most important trading centers. Singapore joined the Malaysian Federation in 1963 and remained part of the federation for two years. The country became independent on August 9, 1965. Now Singapore is one of the world’s wealthiest countries with strong international trade. Singapore’s seaport is one of the world’s busiest ports in terms of volume handled. The country has a per capita income equal to that of the leading nations of the world.
A number of commercial and industrial property services and agents are available in Singapore. Most of them offer comprehensive real estate property listings of office, factory, land, shop, warehouse, retail space, building, hotel, restaurant, coffee shop and food court available for sale or rent. If you are buying, selling or renting your commercial property, it is advisable that you hire the services of a reliable real estate agent. Owners very often list their real estate properties with these agents for sale, rent and lease. They help owners market their property with maximum exposure and commitment. You can also resort to online search.
If you are buying a private property or housing development board (HDB) unit in Singapore, ensure that you understand all the pitfalls before you sign the deal. That would help you avoid getting into legal or financial tangles during and after the transaction. Find an agent who is familiar with your preferred location and the nature of property you have in mind. It is highly recommended that you hire the services of an agent from a listed real estate agency. Also ensure that he is a member of the Institute of Estate Agents (IEA). Discuss your requirements with the agent and let him know your preferences in detail. This will help him take the right decisions and serve you in a professional manner.