I'm really excited for my upcoming study trip to Vietnam this weekend! CapitaLand and Thien Duc will be launching their new project, Vista Verda in May Flower Hotel this Sunday.
Vista Verde Vietnam is strategically located in Thanh My Loi Ward, in the heart of District 2’s administrative center. From only S$15x K!
Why Invest in the Vietnam Market?
More info http://vistaverde-vietnam.com
Wednesday, 7 October 2015
Friday, 2 October 2015
Cambodia has experience a good 7% GDP growth over the past few years. Moving forward, especially with the ASEAN Free Trade agreement this year, Cambodia’s GDP Growth will most likely continued to be as high as past years. Under current Prime Minister Hun Sen leadership, Cambodia also has enjoy peace and prosperity for almost 2 decades. With the strong GDP growth and a stable political environment, these has lure many Thailand Businesses back into Cambodia Market.
Thursday, 1 October 2015
I'm glad to have an opportunity to work with Straits Time and have a weekly Saturday Column.
With the current cooling measures such as Total Debt Servicing Ratio (TDSR), Mortgage Servicing Ratio (MSR), the property market has been slow for the last two years.
Investors and property buyers are bidding their time, hoping and waiting for an easing of the property cooling measures. But there are savvy investors are taking the opportunity to look for bargains given the slow market. So the big question is: How do you find bargain buys?
When a property is prefect, prefect location, fantastic amenities and facilities, the price won’t be prefect. And if the properties is price lower than expected, check thoroughly before you snap it up.
To start off, what is the property tenure? Properties with a 99 year leasehold are usually priced lower than those which are freehold. Other factors to consider are location, accessibility, condition (for those buying existing properties) and also the surroundings. If the unit is affected by noise pollution or comes in shabby condition, these can push down the price.
Turning flaws into opportunities
In today’s market, short term investment has become impossible due to Seller’s Stamp Duty(SSD). If you sell your property on the first year, you would have to pay 16%(SSD), legal fees and agent fees. this means you need to make at least 25% capital gain before it’s worth selling.
From the investors perspective, the rental yield of the property is a major consideration. The higher the rental yield, the better.
Going by figures from Urban Redevelopment Authority (URA), properties with 99 year lease have a higher rental yield than freehold properties.
The reason is leasehold properties are usually cheaper than freehold. When tenants look for a place, the property tenure does not matter to them. Those looking to rent are more interested in the rental rate, location and condition of the unit.
Properties auctions make a good hunting ground for investors looking for a value deal. You can pick up good quality homes at property auctions as the number of residential properties available at auctions has gone up, in part due to owners who cannot afford to keep up with the mortgage payments
With the market being slow, you may face less competition. But there are requirements buyers have to fulfil. One is that the successful bidding has to pay a 10% of the successful bid price and cannot forfeit. Do your homework and research on properties you are bidding for.
SRX has a feed of undervalued properties. Get your agent to keep a lookout for these properties and keep you updated. If you have a keen eye for furnishing, you can consider buying a piece of property even if it is in poor condition. Check carefully if its shabby condition is simply a matter of replacing worn out furniture, getting a fresh coat of paint or other issues which can be easily rectified at minimal cost. If problems require extensive renovation and repair work, then drop the property from your shortlist.
If you're buying a property for investments look for projects in areas being developed, especially those in vicinity of upcoming MRT stations. Keep up with the news about these projects under construction and get ready to invest when they are about 2-3 years away from completion.
Lastly, when it comes to investing your money in a big ticket item like property, make sure to do your homework well and calculate your finances to fully leverage on your cash flow. As US investment guru Peter Lynch says ‘Know what you own and why you own it”
By Alicia Koo
Burning questions? Ask me at http://overseascondo.sg/ask-alicia-koo/
Friday, 28 August 2015
Aeon Mall is Phnom Penh first ever mega mall. I would compare it to Singapore's Vivocity. It's only about 15 minutes walk from Nagaworld.
All your familiar brands are here like Mango, Zara, G2000 and even Daiso!
As Aeon Mall opened last year August 2014, it was celebrating its FIRST birthday! There were so many little and big model cakes with a 1 candle to celebrate their first birthday!
At the 3rd level, there is a cinema and arcade. The currency they use there is USD and if you're thinking of catching a cheap movie there, you would be surprised at the cost per ticket. It is about USD$10 depending on the day and if its 4D, yes, 4D! The seats actually move! The toilets are also very high-tech as Aeon mall is a Japanese Mall so you would expect the toilets to be very clean and complicated to use.
We came across a Japanese Ice-cream stall and we decided to buy 1 each. I chose the melon flavour which cost about USD$5.
There's even Gong Cha there! Prices are actually slightly more expensive than in Singapore.
Restaurant meals in general cost almost the same as in Singapore. Prices all in USD. The restaurant we had lunch at is call The Works.
Wednesday, 26 August 2015
Just a few weeks back, i visited Phnom Penh for a study trip. Phnom Penh has really changed throughout the years with the new developments such as Aeon Mall launched last year, cafes just like your starbucks sprouting out and I even saw our very own Breadtalk which launched in Phnom Penh few months back. Right in the heart of their city, lies their independence monument which is their "Arch-De-Truimph".
For more information about investing in Phnom Penh. Find out about the latest residential integrated with Shangri-La, The Peak Cambodia. The Peak Shangri La
The group of us stayed in Nagaworld which is a Casino Hotel. Even though I didn't gamble, there were a lot of other things to do in the hotel like massage, eating, clubbing and singing KTV. They're famous for their four-hands massage where you're treated like royalty as 2 people massage you at the same time. Love this picture of the money tree at the lobby!
Nagaworld's decoration is abit thai style.
Below are some of the pictures of the casino.
This picture was taken at 1am, yet there were still quite a number of people gambling! No wonder Shangri-La is moving in too!
At night, we checked out their club. Had a blast there. There were dancers and music played were mainly english and chinese remix. I think they cater to the chinese there as quite a lot of chinese businessman are coming into Cambodia to start their business.
For one of our lunch, we tried out their Japanese restaurant in Nagaworld. As you can see, the standard is very good. If you don't know where to eat in Phnom Penh, you can have all your meals in Nagaworld as there are many restaurants of different cuisines like dim sums, western etc.
Great view from the hotel room. We could actually see Dreamland which is their mini theme park and also night market.
Their night market as below. Unfortunately, most of the shops were closed when we went there. I think it closes about 11pm.
Sunday, 26 July 2015
Yes! It's here! The Latest project by Oxley, The Peak together with Shangri La.
It stands tall at a majestic 55 stories high. Clad in bronze it looks so timeless and majestic. Really love the design. As it's integrated with the Shangri-la hotel, it makes The Peak more prestigious. The peak cambodia is very likely to be the next sell out project in Phnom Penh just like The Bridge. I'll be visiting the site this Friday so stay tune for more updates!
More information can be found here.
Wednesday, 1 July 2015
Exclusive High Park Club Access
Space to be creative, to be yourself
Worry-free F&B and many more
With so many cooling measures and money parked in your bank, you're looking for an investment opportunity. Investing in stocks and bonds seems dangerous. The most stable investment would probably be property. Singapore's getting unaffordable. So the big question is, which country do you park your money in? Watch the video to find out why invest in London?
Friday, 29 May 2015
5 Interesting facts about Melbourne
- 1. Melbourne’s CBD is just 1.6km long. This bustling area starts from Spencer Street to Spring Street.
- 2. The Largest train station in Australia is Sothern Cross Station. It also happens to be the most expensive train station at 6 estimated Million Dollars
- 3. Melbourne is voted 4 times in a row the most livable city in the world. The criteria is based on many factors such as education, transportation, accessibility, hospitality etc.
- 4. You may come across quite a few Victorian looking buildings in Melbourne’s central area as the government wants to maintain it heritage façade. Therefore new buildings have to get approval before construction.
- 5. This is the most interesting fact. The government actually sells airspace to the developers. For example, Collins house by Golden Age Development architecture is like an inverted “L”. From level 15 onwards it is jutting out over the bank beside it. The space jutting out is air space bought by the developer.
More about Collins House click the link.
Monday, 13 April 2015
If you have been reading the property news there have been a lot of news about foreign countries such as china, Malaysia and hongkong entering into the Cambodia market. Here's a video on 5 Reasons why investors are flocking to Cambodia
5 Reasons why investors are flocking to Cambodia
1. In 2015 Cambodia will be integrated as part of the ASEAN organization which aims to accelerate economic growth, cultural development and promote stability in the region
2. Due to it’s high interest rates in Cambodia, Phnom Penh has the highest rental yield in Asia at an average of 10.8%
3. Housing in Cambodia is mainly low-rise. In 2009, there were hardly any high rise condominiums. So foreign developers saw the opportunity and started developing condominiums. Investors who have bought then have already seen a capital gain of up to 30%.
4. Land prices at 4 capitals have increased such as Chamkarmon land, where The Bridge is located, prices have doubled
5. In January this year, there was a news article that 3850 news firms opened in Cambodia last year. Therefore increase of new companies = higher demand in offices.
The Bridge is the only project till dated selling SOHO units and 85% have already been sold. It comes with a high ceiling of 3.6m yet psf prices are same as the residential. If you like to know more information, click The Bridge.