{"id":3539,"date":"2021-08-29T12:02:46","date_gmt":"2021-08-29T12:02:46","guid":{"rendered":"https:\/\/www.wallshq.com\/?p=3539"},"modified":"2021-12-24T06:20:05","modified_gmt":"2021-12-24T06:20:05","slug":"what-to-prepare-for-when-investing-in-overseas-property","status":"publish","type":"post","link":"https:\/\/www.wallshq.com\/what-to-prepare-for-when-investing-in-overseas-property\/","title":{"rendered":"What to Prepare for When Investing in Overseas Property"},"content":{"rendered":"

Purchasing a second property in Singapore<\/a> can be a gruelling process, thanks to various government regulations and tax impositions that need to be complied with. This is the main reason Singaporeans look into purchasing property overseas instead.<\/p>\n

Investing in overseas brooklyn ny property management<\/a><\/strong> can be a great source for both holiday leisure and retirement home. For example, an investment could provide you with the opportunity to go on vacation every year without ever having to pay more than your monthly rent payment while saving up some money for when it’s time to retire.<\/p>\n

Why invest overseas in the first place?<\/strong><\/p>\n

When you are looking to invest your hard-earned money, it is important to know where the most lucrative opportunities lie. The global property index points out that housing prices have increased at an average of 4.7% in the year which means now may be a good time for overseas investment opportunities! Singapore’s rate has risen by just 0.4%, ranking 48th on this list and suggesting more potential returns with less risk involved when investing offshore rather than locally.<\/p>\n

Things to know before buying overseas property<\/p>\n

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  1. Restrictions applicable to HDB owners.<\/strong><\/li>\n<\/ol>\n

    HDB owners often look at the prospect of owning overseas properties instead of getting a second property in Singapore<\/a> since payment terms are more favourable outside the country.<\/p>\n

    However, there are some restrictions. HDB owners who want to invest in a private property must wait for five years before they can do so. After that, it is very easy to buy and sell properties as well while investing in HDBs at the same time.<\/p>\n

    The government may only allow you one overseas residential investment after fulfilling their Minimum Occupation Period (MOP) of 5 years, but once you’re done with your MOP then there are no limitations on how many homes or other types of investments from local or international sources that an owner should purchase.<\/p>\n

    Meanwhile, HDB flat owners may proceed with buying a second property overseas before completing the MOP, provided that it\u2019s not for residential use. These properties include those used for industrial, retail, and commercial purposes.<\/p>\n

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    1. CPF savings cannot be used.<\/strong><\/li>\n<\/ol>\n

      CPF savings may not be the best way to invest in overseas properties. While you will need less cash up front and it is more affordable than Singapore, there are a number of factors that make this an unclear choice for potential investors:<\/p>\n