Buying Asian Property
Buying Asian Property : Some Information and Buying Hints
We receive a substantial number of inquiries, both from resident and non-resident Australians, about the purchase and funding of property overseas. For that reason we have put together some brief summaries on the buying process in five Asian countries : Thailand, Indonesia, Sri Lanka, Malaysia and Singapore. We may expand the geographical ambit of these summaries at a later stage, but at this point we feel that there is quite a lot of material already available regarding the purchases of property in Europe and the Americas. Asia remains a more “challenging” environment, but one we feel still has exceptional potential both for lifestyle and investment purchases. The summaries are available below for download:
These summaries are a starting point; no investment should be made in a foreign currency unless you have a very good appreciation of both the local laws and customs, particularly in relation to security of title and taxation. You will almost invariably need to rely on local advice, both in terms of the selection of property and the legalities, but you take obvious risks if you rely entirely upon that advice and do not do the necessary preparation in advance of any purchase.
It is also outside the scope of these summaries to comment on issues such as security, or the availability and quality of health care in the countries concerned. You are advised not to rely on these summaries; while we intend to provide regular updates the environments can change very suddenly and you must make your own inquiries regarding current conditions. One major consideration is the weather in any Asian country which you perhaps wish to call your "second home" during an Australian winter - check the temperature and rain records for the region carefully for compatibility.
We welcome any feedback that can improve the summaries, and contact us if you would like to discuss any aspect of your purchase, or have questions regarding the funding of purchases.
IMPORTANT: The material contained in this website and other associated communications is only intended as general, background information and must not be relied upon. No warranty is provided in relation to any material or to the services that may be contracted through exfin.com. It is recommended that individuals seek the advice of qualified professionals before taking any action.
