Monday, January 18, 2010

Singapore Bungalows - The Prime Property Investment

Singapore Bungalows - The Prime Property Investment

Imagine an exclusive neighborhood with tree lined streets, manicured grassed areas, roomy backyards and the privacy of having four walls to yourself. All of these come with buying your own Singapore house.

Everybody knows that land is pricey in the land-limited town state. Most other residents, visitors, expats have to live in studios, flats and condos. Living in a bungalow in Singapore exudes a certain luxury considering that there are roughly only around 1,000 good class bungalows found all around Singapore.

Except for exclusivity, buying a Singapore bungalow is a excellent long-term investment. Bungalow sales have fared well even during hard money times compared to other housing projects and property values. Over the years, superb finance gains have been reported by bungalow owners who have decided to sell their properties.


Owners of a Singapore bungalow are also enjoying the plot of land that comes with their properties. Good class bungalows should have a minimum plot of 1,400 sqm. This gives owners and their families lots of room to play and run around with. Another limitation for house owners is that there has to be an adequate quantity of grass and greenery round the property. This stipulation is to adhere to environmental laws that aim to preserve the ambiance of healthy living amid Singapore's urban jungle.

In addition to this, houses are either single storey houses or 2 storey homes. The height limitation is again to save the low-rise and home feel of bungalow neighborhoods.

One of the advantages of buying and owning a bungalow is that it gives the owners lots of room for future extensions. Bungalows can be easily transformed and renovated because of the large space supplied to owners. Extensions can either be a new wing or a new floor or a pool. Because of the lot size allocated to houses, a garden is also a good idea. Improved and maintained houses can simply fetch higher resale values, another inducement for bungalow owners to worry for their properties.

Singapore law states that only citizens can own landed property, including bungalows in the city-state. But there are a large amount of bungalow owners who lease and rent out their properties to foreigners, firms, expats, firms and even fellow voters. This is another merit of buying and owning houses because it is one of the more sought after properties for renting , making it a potential profit generating venture for its owner. Indeed, the present rental on houses round the city-state averages in the five figure class.

Few of these protected areas exist in Singapore today. Only about 39 appointed areas for Good Class Bungalows or GCBs have been appointed by the government as protected areas for these types of housing developments. These areas are Nassim Road, Belmont Park, Cluny Hill and Raffles Park, to name a couple.

There are around 2,500 GCBs round the Singapore and of the many millions of Singaporeans only about 1,000 nationals own bungalows in these designated areas. The Singapore Government has no plans in the future to add to these exclusive areas, further raising the worth on this houses round the city-state.

For people who don't live or haven't been to Singapore, they'd ask what the fuss is all about Singapore houses. In a country where land is a commodity, owning ahouse doesn't only scream wealth, it also says luxury. Singapore bungalows area scarce luxury, so if you chance to own one, consider yourself one of the lucky few who have made it in life.

Singapore Bungalows are the epitome of luxury, style and elegance. It is potential investment of home-owners and a legacy to leave behind. Singapore Bungalows are special indeed!

Article Source: http://www.articlesbase.com/international-business-articles/singapore-bungalows-the-prime-property-investment-1125363.html

By Winston Yap

Byron Bay - Beachfront & Other Properties

Byron Bay - Beachfront & Other Properties

BYRON BAY HOUSE SALES CYCLE
The highest house sales (140) were in March 2002, the height of the surge, and then followed by much lower turnover, average of 80 house sales per month. The latest sales (100) were in March 2007 and are now showing what I believe to be the beginning of an upswing. The median house price has reached now $600,000. We have had single digit price increase for four or five years with a downturn in 2005. The median price of around $150,000 was in March 1997 and - can that be true? Byron prices have quadrupled in 10 years?

BEACH FRONT
This one is interesting for a couple of reasons. Thanks to First National. It shows the median average price increase over the five years from 2002 to now on a few of Australia's beach front suburbs. And the winner is, yes little old Suffolk Park with an average 20% increase over the last 5 years, which means the median has doubled in a relatively flat period.
The other interesting point is look at the median price of Mermaid Beach on the Gold Coast. Yes, most of us would expect the highest average house price to be Sydney Harbour, Wategoes or somewhere in Perth where the mining magnates hang out. But, no, the most expensive real estate enclave in Australia is a beachside suburb just over the border at Mermaid Beach - not called the "Gold Coast" for nothing!

Suburb - Median 02 - Median 07 - Avg Annual change
-----------------------------------------------------------------------------
Suffolk Park - $234,256.05 - $595,000.00 - 20.5%
Lennox Head - $228,422.75 - $540,000.00 - 18.8%
Kingscliff - $283,727.47 - $576,000.00 - 15.2%
Mermaid Beach - $580,411.77 - $1,145,000.00 - 14.6%
Byron Bay - $346,981.48 - $672,500.00 - 14.2%
Palm Cove - $309,585.56 - $488,750.00 - 9.6%
Port Douglas - $365,405.52 - $552,500.00 - 8.6%
Noosa Heads - $426,923.44 - $624,500.00 - 7.9%

A BIT OF BALANCE
In times of market exuberance it is great to increase an asset but also a bit of balance is called for. Over the years I have overhead conversations as in: "I bought this property only three years ago for $500,000 and just sold it for $750,000". A casual listener may just do the sums and guess that this loud mouth has made $250,000 for sitting around but that is not looking at all the facts. Purchase costs of stamp duty and legal fees for a $500,000 property is going to be around $25,000 not including time spent and expenses actually doing the search. Then there will be holding costs above and beyond living costs or negative gearing. If it is an investment property with a debt of $400,000 the mortgage will be around $30,000 PA - offset by a rental of around $400 a week which is a shortfall of around $10,000 a year plus rates and maintenance. Lets say $70,000 for getting in and holding over three years and then to sell with an agent paying, say $30,000, to a selling agent. So roughly $100,000 or half that amount could be shaved off that boast if they took the time to go into details.

All of these scenarios are different and some can do better or worse. My point is that it is lazy thinking in just subtracting the purchase price from the sell price in estimating the profit on a property transaction. Many people do it and it is misleading and inaccurate. I could even go further and include the interest on the deposit money, Capital Gains Tax or lost opportunity costs of being in the deal as well. Of course in my business as a buyers agent I am an advocate of property as an investment and as an interesting past time, I just felt the need to take off some of the easy, gung-ho chatter that can infect this industry.

AND THERE'S MORE ....
and while I am having a bit of a rant ........ there are two things going down in Byron right now that is of interest enough to me to comment on:

1. HOLIDAY LETTING
I know there are some complicated issues in the background but how complicated can it be for council to get this one together. People have a right to holiday let their property but neighbours have a right to shut them down if they create a disturbance. This is a popular holiday town, visitors want to come here, some people operate a business letting holiday houses and some people subsidise their holiday by sub letting their homes. How complicated or anti social is that? Why can't council sell permits to people wanting to holiday let, this can create some badly needed revenue and if they let to noisy, disruptive people their permit is revoked. How complicated is that?

2. LOW COST HOUSING
In my business of being a buyers agent most of my clients are relatively well off people wanting to make a home here. I must say that the majority by far are great people - sensitive, aware and ready to embrace this town values, community and lifestyle. The only thing that worries me is the number of them and I do worry for the diversity in our community. This problem is a lot harder to fix than holiday letting outlined above but it needs to be tackled. There is only a little bit of developable land left in the shire and Council needs to find a way to accommodate and house low income residents so we can maintain the cultural mix we currently enjoy.

In Holland and other European countries they encourage a mix of properties in the same development so that top end apartments are built alongside smaller compact units. Sometimes a whole mini suburb is built, complete with environmentally sound practices of grey water recycling, solar power, on site waste disposal and internet interactivity. The developer contributions are relaxed for the smaller units and sometimes subsidised so they can be built cheaply. This encourages a mix of residents instead of the current trend towards homogenisation and conformity. The numbers of places that have made this mistake are legion, Florida, Gold Coast, etc that soon become a "Blandland" of uniform development. The other negative is becoming an isolated wealthy enclave like Lake Como in Italy or Silicon Valley in California. Services suffer as people like teachers and service workers have to commute long distances to work there.

Resources:
www.byronpropertysearch.com.au
www.realestate.com.au

After dropping out of the elite English public school, Ulysses Pemberton disappeared for some years and walked throughout the Himalayas. Later on he was the guide and interpreter to a National Geographic expedition. Documentary filmmaking was his first love and he gained a number of commissions from his previous employer. He now lives in Australia and is often called upon to write and lecture on tropical design in the modern world.

By U.d. Pemberton

Article Source: http://www.articlesbase.com/real-estate-articles/byron-bay-beachfront-other-properties-298560.html


Sunday, January 17, 2010

Should you Buy a Property in Thailand?

Should you Buy a Property in Thailand?

South East Asia has always had a special appeal for me. I first began spending time there about 5 years ago. I love the organised chaos of the roads in Bangkok, the food that is cooked right in front of you, and the haggling at the markets. Amazing.

Altogether I have spent over 3 months in Thailand and I have so many fond memories, add to that the fact that it is halfway to Australia and QANTAS offers a stopover of only 45 minutes which gets you to Oz quicker. It's a great destination.

I usually spend a week stopover on the way back to the UK. It gives me a break after 2 gruelling weeks with the family and friends and the 2 hour massages for around £7. What more could you want? :)

So naturally l thought if I'm spending so much time here l might as well buy a property. Then naturally if I am prepared to buy and have done extensive research why wouldn't my investors also buy as well?

Having looked into Phuket property before the tsunami, I thought I would check out Pattaya (pronounced “Pat-e-ya”) which is only around 1 hour 20 minutes drive from the new international airport in Bangkok (the capital).

Pattaya is a seaside town (tick-These ticks and crosses are my due diligence) with a new highway which will mean it will only take around 45 minutes to get to and from the airport. (tick).

Pattaya has 3 distinct property markets.

The first is the local market. The properties are priced between 1 and 3 million Baht (70 Baht to £1) So £15,000 - £45,000. Sounds good right. Well maybe not. Unless you are a local it's unlikely you would buy at this level.

You could only rent to locals and the investment returns I don't feel would be great enough. (Cross)

The second and most interesting market is the 20 to 30 million Baht. £285,000 - £430,000. Incredible you say? Well thats what I thought too. In fact forget incredible — l was downright shocked. But this is the market of the off plan speculators. In my books, another word for 'speculator' is 'gambler' and hopefully you know by now what I think of gamblers.

I do believe you can make money on these, but only by 'flipping' before completion but obviously there are no guarantees with prices already so high. Incidentally, this market has seen an incredible amount of growth so that waterfront apartments are as expensive as central London, Sydney or New York. (Cross)

I feel that this market has been driven by paper gains rather than underlying fundamentals. I see this happen quite often, and it's one of the reasons I deal in properties 99% of people would rent.

The final level is the 5 to 9 million Baht. So £70,000 - £130,000. This is the retirees' and expats' market. You would be more than happy with these houses. 3-4 Bedrooms, large open spaces, ensuites, parking and best of all - air conditioning.

These I feel would be ideal for investment and present your best opportunities. (Tick)

Rentals are great as a lot of major multinationals have offices in Bangkok and the expats are happy to commute up daily or it's cheap enough to rent a place in Bangkok during the week while spending the weekend home in Pattaya. (Tick)

As an investor in Thailand the first thing you have to realise is that you cannot own land (Cross) so at present you have two choices: either buy in the name of a Thai company and have Thai nationals who own it (but you have a signed deed saying you can replace the Thai nationals at any time). It's a reasonably secure way of buying.

The other way and the way that is becoming more accepted is a freehold/leasehold similar to what we are use to in the UK. A lot of new builders are structuring ownership this way.

BUT… The Thai government has an unfortunate habit of changing laws so you may find yourself at the wrong end of a change. They made a decision early in 2006 that effectively stopped or severely curtailed foreign ownership (Cross) and the stock market began to spiral downwards so rapidly that they changed the law back by day's end. This sort of government back peddling is a potential warning sign. (Cross)

The country has had 18 coups since 1932, although the past 15 years have seen none until 2006. Whilst they have all been peaceful coups, they still create political instability. (Cross) On the other hand a coup to a Thai person is probably like on of our Labour politicians voting with the Lib-Dems so it's not that big a deal in reality.

Most coups have been backed by the King. Thai people have an amazing allegiance to their king, wherever you go in Thailand you will see him, and as long as the King has backed the coup everything is alright. (Tick)

The King is the real power in Thailand, he has been an active participant and a representative of the people, and is a stable force in a thriving country. (Tick)

The problem Thailand faces is that the King is getting old and may one day pass the throne onto his young son who is renowned for irresponsible antics. So no one really knows just how he will take to the position of King or whether the people will take to him. This could cause an instability in the investment market. (Cross)

One of the biggest things overlooked when inexperienced investors seek out exotic new investment regions is how to get your money back. Oftentimes the capital growth is fantastic, so your £20,000 investment doubles and doubles again (so you now have £80,000). This is a paper profit until you actually sell it or remortgage it.

So the essential question is not often will I make money? but how will I get paid? or who will sell it for me?, who will buy it from me?, how much tax will l pay?, how much will I have leftover? Or if you don't want to sell it how will l make the equity work for me?.

Often the answer is you won't. You won't remortgage it and you won't sell it, or if you do you'll need to accept considerably less than you want for it.

In Thailand mortgages are very tight. The Asian economic crisis hit Thailand particularly hard, and in fact they've only just now started continuing a number of concrete highways which stood unfinished and vacant above the ground level. These massive highways stretch for miles with no entrance and no exits and are amazing to see.

The bottom line is Thai banks don't trust farang (foreigners) so you might be made to jump through hoops just to get a 50% mortgage. And if you thought getting a mortgage was hard, try remortgaging. So that kind of leaves selling as the option which kind of goes against our entire philosophy.

All in all, I decided that it would be better to rent out a 5 star hotel or villa on the beach for 2 weeks a year than to own a property which has so many variables.

If you are interested in buying in Thailand, you can definitely make some money but as always 'Do your due diligence?' I am happy to give you the research that we undertook before I went if you are interested.

Live with passion,

Brett :-)

PS. I love Thailand and if you get to go make sure you hire a bike and get out into the real Thailand rather than just around the cities and tourist places. The people are lovely and the food is soooo good.

By Brett Wood

Brett Wood is an author and property investor. He runs a successful property investment consultancy in the United Kingdom. His strategies have helped 1000s of investors to get on the property ladder and build successful property portfolios.

For further details contact Brett Wood at http://www.yourpropertyclub.com or directly on 0870 042 1188.

Article Source: http://www.articlesbase.com/real-estate-articles/should-you-buy-a-property-in-thailand-308284.html

Own a property at Bali

Own a property at Bali

Bali is among the top 100 tourist hotspots in the world, which makes it a valuable property for villa and hotel owners. The culture, scenic beauty and natural greenery of the island make it a paradise for people to spend their vacations in. Bali Tourism has seen a progressive rise since the past few decades, as and when tourists started pouring in to view this volcanic island with its white sand beaches and enormous paddy fields.

The best business in Bali is done by the villa owners. This is because there are a number of villas, large and small, old and new, which are rented to tourists. And since Bali is a tropical island, hence there is business all the year round. The villas are actually preferred by the tourists, because they cost nearly the same as a costly hotel suite or room, but provide much more on luxury and services as compared to hotels. This is because the Bali villas provide all the basic amenities along with a private swimming pool and also a private kitchen with a personal chef, who cooks you world class cuisines at any time of the day, on your request. Opting for Bali Villa Rental is a great idea indeed.

Many of the villas that are rented in Bali were actually made by the Dutch, when they initially colonized in this island decades ago. Hence the villas bear a western touch in their design and architecture, which is preferred by most of the tourists. The living rooms and bedrooms are spacious and airy and placed in the right positions to exploit the brilliance of nature.

The villas are positioned at many different spots on the island. This is due to the fact that life and culture at different places in Bali is different and there is something for everyone in this island. Bukit is a place for the people who love to view the calm and serene sea from there verandah. Seminyak is preferred by the party lovers who enjoy the bright night life of Bali during their stay. Canggu and Ubud are places where the peace loving people can enjoy the view of the vast paddy fields and rice terraces.

So, once you have decided to own a property in Bali, you must consider the position first, which will prove a long-term viability for you. You must do some research on the hotspots of Bali, which are flocked by most people all the year round. It will be best if you chose a multi-season spot that will bring you business in every season of the year.

Once the spot is set, you must compare prices of the property available there. Consider the returns and future gains on each spot. See if the property you are investing in will bring you good profits. Instead of buying a plot and building your own property, you can also rent or own a readymade villa or a hotel, which you can let out later. One thing you must remember while renting a home in Bali, is that you must monitor it from somewhere close to the location. This is because the owner often needs to handle the discrepancies between the tourists and the hotel employees and also look into the problems of his guests.


The author of this article has great knowledge about the Bali Villas. He has helped many people out there to get the best Bali villa rental at affordable prices.

By Nigel Fine

Article Source: http://www.articlesbase.com/travel-articles/own-a-property-at-bali-1676263.html

Living in Pattaya Condominiums

Living in Pattaya Condominiums

Located about 150 km south east of Bangkok and lying along the Gulf of Thailand, Pattaya is perhaps the most wonderful island in Thailand. With its picturesque surroundings comprising incredible beaches, city-like dining, vibrant nightlife, and excellent shopping facilities, living in Pattaya is regarded as living in paradise.

Inspired by the amazing beauty and highly sophisticated infrastructure of the island, many foreigners, including Americans and Europeans, have chosen this destination to spend their life after retirement. A host of other benefits are also derived from living in Pattaya. The main is that Pattaya provides an excellent lifestyle and that too on a small budget. Another great benefit is safety, since the crime rates are comparatively low in contrast to other destinations. Above all, Pattaya boasts of a salubrious climate year-round.

No matter your choice is apartment, single detached house, villa, or bungalow, Pattaya has a plenty of accommodation options. Since Pattaya has now become a much favored destination among foreigners, condominium units are of special demand here. Further, the Thai government does not impose any kind of restrictions on foreigners to own a condo unit in Pattaya, except for some requirements to be met under the Condominium Act (1979), such as bringing in 100% of funds for the purchase of condo unit in foreign currency and recording of it by a Thai bank on a Foreign Exchange Transaction Form (FETF), which in turn is considered an evidence to submit it to the Land Department.

Many condominium units around the prime areas of Pattaya, such as Wong Amat beach, Jomtien beach, and Bang Saray and Tawanron beach, are sold out even before the completion of their construction. The demand for Pattaya condominiums is further driven by factors such as low interest rates and a weak Thai Baht.

Depending upon your budget, lifestyle, preference, and number of family members, a variety of condominium units are now available in Pattaya, ranging from budget and luxury to single and multi-roomed. Pattaya condominiums come in a myriad of forms, including, townhouse, apartment, and sometimes even as a single detached structure. Let it be of any type or size, a condominium complex in Pattaya is mostly replete with amenities such as high-end bedrooms coupled with comfortable beds, expansive living rooms, fully equipped kitchen, most modern bath area with uninterrupted water supply, and eco-friendly areas.

Some of the most popular condominium units come attached with most sophisticated facilities such as game rooms, laundry facilities, whirlpool spas and saunas, pools, meeting rooms, and parking areas. There are also certain condominium complexes attached with facilities such as game rooms coupled with tennis courts and gym.

Further, purchasing a condo unit in Pattaya provides a continuum of benefits. One of the greatest advantages of living in a condominium in Pattaya is that it allows you to live in a well managed community. Security is another great benefit of Pattaya condominiums, as there are a large number of people.

Other benefits of living in a condominium in Pattaya are low interior as well as exterior maintenance costs and access to common facilities such as library, elevators, and swimming pools. Also, buying a condo unit in Pattaya serves as an excellent long term investment, yielding huge profits. However, the price of condominium units is exceptionally high when compared to other accommodations options such as houses and villas.

Prior to choosing condominiums as your accommodation alternative, certain things have to be taken into consideration. As condo units are mostly governed by condominium association, it must be checked whether the rules and regulations put forward by them are flexible. For instance, there are certain condo communities imposing restrictions on the usage of the pets. Other matters such as condominium interior and outdoor maintenance fee, neighborhood, and parking area must also be considered for living in a condominium in Asia.

Buying or renting a condominium in Pattaya is no longer a tedious process, since a multitude of property builders, consultants, and real estate firms as well as realtors are in the scenario to render best services. Since many of them have them have their own sites on the web, with details including expected price, amenities available and pictures of the condominium, it allows for convenient purchasing of a condominium.

By Wantanee Khamkongkaew

Wantanee K. is an independent author evaluating and commenting on leading International Property Consultants in Thailand, especially CB Richard Ellis.
Article Source: http://www.articlesbase.com/non-fiction-articles/living-in-pattaya-condominiums-240183.html

Living in Korea Apartments

Living in Korea Apartments

Korea is a country of uneven landscape and unsurpassed beauty. It is complete with mountains and surrounded by seas. The people are some of the most courteous, generous and warmest on earth.

The country's culture is very old, refined, and vibrant. Crime rate in the land is very low - cars on the road are safe, house doors seldom broken, and it is safe to keep goods out in the open.

Almost 40% of all property is leased by its tenants. A good majority of lessees prefer to pay their rent by 'cheonse' - a popular method of payment for housing deals. They pay a large lump sum amount to the landlord, and so free themselves from the burden of paying monthly rent.

There are many differences between American and Korean homes. They differ greatly in the way they are heated. Homes were traditionally heated by means of circulating hot air through pipelines under the floor.

Most buildings are heated today by circulating hot water through conduits under a raised floor. This heating system is named ondol, which is circulating hot water through pipes running underneath the floor. This works wonders in winter as the heat from under the floor moves up through room fixtures such as beds and sofas. If you feel too much cold in a windy night, it is a good idea to lie down on the naked floor for a several minutes. You can even dry your wet clothes this way.

Many buildings have a complicated system of dials that switch hot water between the floor and the shower. Bathrooms do not always have a separate shower stall or bathtub. Some buildings do not come with a bathroom sink. Water is supplied by a shower hose usually attached to the wall.

The traditional 'squat' style toilets are now found in the countryside and public restrooms only. Korean buildings generally have a normal, western style toilet. Koreans normally don't use curtains in their bathrooms. The bathrooms are tiled and the floor of the bathroom is set at a slight incline. You can drain as much water as you like all over the floor without worrying about water flooding on the floor.

Apartments normally do not to have an oven. All cooking is done on a gas range for cooking. You will find cooking difficult if you are not used to working in small kitchens as the kitchen is quite small - there is usually no room to do fancy cooking.

Residents of Korea from the early 1950s or 1960's would hardly recognize their country today. Traditional family homes were the fashion back then. The cityscape today is dominated by formidable housing complexes. The total share of apartment in the housing field enhanced from 4% to about 50% between 1970 and 2006. This rapid development has radically changed the country's dwelling culture.

Korean apartments are around 30% smaller than apartments in North America. As the government is keen on alleviating the chronic shortage of housing, you will see rows of identical-looking buildings soaring high across the country side.

There are a number of other idiosyncrasies about the houses that are different in many respects from the western style apartments. You will notice a small alcove, or an odd-looking shelf, by the door. Koreans generally take off their shoes when entering a room - the alcove is meant to keep your shoes for the time that you are in the building. You are never expected to wear your shoes into a household.

By Wantanee Khamkongkaew

Wantanee Khamkongkaew is an independent author evaluating and commenting on leading International Property Consultants in Asia and Greater China, especially CB Richard Ellis.

Article Source: http://www.articlesbase.com/real-estate-articles/living-in-korea-apartments-290807.html

Buying and Selling of Property in Korea

Buying and Selling of Property in Korea

Property search in Korea is based on several important factors. In other words, Korean property search is based on the individual preferences as well as requirements of a buyer or a tenant. Discussed further in this article are some of the factors as well as the steps involved in the searching of a property in Korea.

Buying or Renting :
First of all, for property search in Korea, it must be determined whether the property is for buying or for rent. If you choose to buy, then it must be further evaluated whether it is for your accommodation purposes or to rent it out or sell it later for a higher price. In case, if you are planning to buy a property for investment purposes or to rent it, then you must choose a location in Korea that is already developed or with chances to develop. Likewise, when you are searching a property for rental purpose, then you should choose a housing or business space in such a location which is convenient as well as affordable to you.

Both buying and renting options have their own benefits and limitations. For instance, renting may be a great choice when you are planning to stay at a particular location for a short period or when you want to invest your fund in some other options such as share market. But, one of the prime limitations of staying in a rental space is that you cannot make any modification or change in your living space. On the other hand, when you buy a property, you can make almost any change in it, provided you comply with the requirements of local planning. In addition, in the case of renting, the tenant cannot enjoy any benefit as a result of the increase in the property value.

Source of Purchase :
Purchasing a property in Korea depends upon the financial situation of the buyer. Mostly, people lean on mortgages in order to invest in a property here. Since in most cases your house is kept as collateral in order to get loan, it must be kept in mind that your home is at risk and if you make any default in making the loan repayment, you may sometimes lose your property.

Capital Growth :
Another important factor that should be taken into consideration for property search as well as investment is capital growth. In most cases, properties appreciate in value by about 5% or 6% per year. However, this may differ from year to year as well as from regions to regions. This is also further affected by such factors as fluctuations in interest rates, political manipulations, and supply and demand factors.

Rental Yield :
If you are going to invest in a property in order to rent it out, it is important to take into consideration the rental yield of a particular property in Korea, prior to investing in it.

Now we will discuss some of the steps involved in the property search and investment. As the first step, it should be determined in which type of property you prefer to invest. For some it may be residential units in the form of single detached homes, apartments, or villas, while for some it may be commercial or industrial purposes.

There also a category of buyers interested in land investment. As mentioned earlier, the next step is to verify how you would finance for the property. A plethora of financial institutions have now come forward to provide you mortgages at best deals.

With a myriad of real estate firms, realtors, and other related service providers in the scenario, it is not all a tedious process to find a property of your choice in Korea.

Many of the real estate firms in Korea provide services in connection with both buying and renting. There are also some service providers that exclusively deal in vacation rentals as well as all other types of property rentals.

These types of firms handle all kinds of paper works with regard to the leasing, and allow both the owner and tenant to be free from the hassles of rental processes. Likewise, there are also certain firms that solely specialize in buying and selling of property in Korea. They carry out a range of services in connection with the buying and selling, and some even offers the services of expert attorneys to verify the documents of a particular real estate.

By Wantanee Khamkongkaew

Wantanee Khamkongkaew is an independent author evaluating and commenting on leading International Property Consultants in Asia and Greater China, especially CB Richard Ellis.

Article Source: http://www.articlesbase.com/real-estate-articles/buying-and-selling-of-property-in-korea-352141.html

Living in Japan Condominiums

Living in Japan Condominiums


The rich history and culture of the archipelago is enhanced by an exciting urban lifestyle and unusual natural beauty. This much sought-after tourist destination has a pleasant and diverse climate. The country boasts a variety of historical attractions. Guests of Japan's vacation rental properties are sure to love their experience in this marvelous travelers' paradise.

Dwellers in Japan's fabulous condos will experience the rich samurai culture that shaped the island nation's history. Ancient theatrical and other art forms are still alive and well. Any visitor interested in the culture of the country should pay a visit to Tokyo's famous museums.

The biological, historic and geographic majesty of Japan is well-known. The eye-catching image of the snow-clad Mount Fuji is an internationally recognized symbol for unspoiled natural beauty. The niceties available to tourists to Japanese vacation homes are numerous - there are hot springs, ice drift cruises, lush forests, and attractive campsites.

Japan is a well-developed nation judged by any standard, and despite its celebrated natural attractions, this favorite tourist destination has many sophisticated urban and manmade attractions for potential tourists. Guests of the country's holiday rentals can drive or travel by the famous underground to destinations such as, the annual Cherry Blossom Festival grounds, Disneyland, and feudal castles.

A condo is a form of house ownership in which separate units of a larger building complex are sold, not rented. There is a lot of misunderstanding about the word 'condominium.' It actually does not refer to the type of unit itself, but the term applies to the legal ownership arrangement. Any multi-unit structure can act as a 'condominium'. The earlier occupants should either vacate the building or purchase their units outright.

The owner of a condominium technically owns everything within their inner walls. The individual homeowners possess shared rights to the most common areas such as the elevators, corridors, club houses and pools. The proper maintenance of these common areas is the responsibility of a condominium association. Home owners own a share of interest in the association. They have to pay monthly dues and special maintenance fees for major problems.

Tokyo's inner-city waterfront is greatly changed by the construction of huge structures in the post-industrial era. The number of new buildings in the Shinagawa area alone has gene over 12,000 units in ten locations in the past two and a half years.

If you would like to reserve room in one of the condos or Japan Villas, numerous service minded travel agents are out there to guide you. They are available immediately for short and long-term rental. Japanese condos come with all usual attractions and amenities. You will definitely love the spaciousness and cleanliness of Japanese buildings.

Many condos come with full kitchen, quality furnishings, hot-springs bathroom, Cable TV, DVD, VCR, CD Player, beach and picnic gear, air conditioning, and much more. Other amenities include kitchen, iron, blender, mixer, coffee maker, toaster, microwave ovens, cookware and utensils, spices, condiments and heaps of dinner and glassware.
Japanese condos offer all the comforts of your home while you're away from it. The stay in a Japanese vacation rental would be an unforgettable experience. If you are positive on renting a condo, take your time to study the pros and cons of the purchase.

The largest buyers of condos include REITs and privately owned real estate funds. They usually convert originally built-for-sale condos to rental ones. Many individual buyers also put their newly purchased condos on the rental market. The coming up of large number of buildings is likely to put a downward pressure on rents. The price of a condo house can be much lower than a single-structure home.

A condo is not the best option for all potential homeowners. There is a noticeable lack of privacy in the common areas. If you are particular about having all of your amenities and maintain your own lawn and garden, then you are advised to follow single home ownership options in place of a condo. They can be more difficult to sell as opposed to a single home with some acreage. Condo owners own their units only, not the land beneath the structure. Veteran apartment renters who don't mind the presence of close neighbors benefit the most from condo living.


By Wantanee Khamkongkaew

Wantanee Khamkongkaew is an independent author evaluating and commenting on leading International Property Consultants in Asia and Greater China, especially CB Richard Ellis.

Article Source: http://www.articlesbase.com/real-estate-articles/living-in-japan-condominiums-318068.html

Condominiums Are Considered A Great Housing Option In Hong Kong

Condominiums Are Considered A Great Housing Option In Hong Kong

A special administrative region of China, Hong Kong is an exotic destination, with more than 250 islands. Once a British Colony, Hong Kong became a part of China in 1997. Apart from a hot tourist center, Hong Kong is also regarded as a great business center, and is sometimes referred to as the 'Gateway to the booming economy of China.' Further, in contrast to other Asian destinations, Hong Kong has a very low crime rate, and hence considered a safe place to live in.

Since a former British colony, a strong influence of westernized culture is prevalent here. Al though, majority of Hong Kong's population is made up of Chinese, the city also include people from other nations including Australia, the UK, Canada, Japan, and Korea. Probably for this reason, real estate market in Hong Kong is booming.

Whether you are a permanent resident or a tourist to the city, Hong Kong boasts of a continuum of accommodation options, according to your taste, lifestyle, and budget. Hotels, resorts, condotels, and villas would be some of the best accommodation for people touring Hong Kong for a short period. For long stays as well as permanent settlements, some of the much favored accommodation choices are single detached homes, flats, apartments, and townhouses.

A condominium living is quite different from other residential choices including owning or renting an apartment, villa, or a single dwelling space. When you decide to stay in a condominium it means that you have made up your mind to live with a group of other condominium owners. Depending upon your tastes and preferences, a variety of condo units are available in Hong Kong, from low budget condominiums to high end luxury condominium complexes. Different types of condominiums available here include apartment model condo units and townhouse, which is mostly attached with garage and yard space. Hong Kong condominiums are also sometimes available in the form of single detached buildings.

Condominiums units in Hong Kong are mostly replete with expansive living rooms, superb bedrooms coupled with relaxed beds, sophisticated kitchen, and bath area. No matter it is small or big, luxury or ordinary, condominium units in Hong Kong mostly come with such amenities as cable television, heating and air conditioning facilities, provision for hot and cold water, balcony providing excellent views, and professional services.

Luxury units usually include high-end common facilities such as laundry facilities, game rooms, whirlpool spas and saunas, swimming pools, meeting rooms, parking areas, round the clock on-site security system, intercom security system, on-site office for property management, solarium with areas for gatherings and social activities, specialized areas for outdoor recreational activities, salons with expert massage therapist, parking areas, and on-site workshop.

Owning a condominium in Hong Kong offers a myriad of benefits. One of the great benefits of living in condo units is that it enables you to reside in a well-controlled community. Security is another key benefit of living in Hong Kong, as many of the condominiums are attached with top-end monitoring system.

Benefits of living in condominium also include low interior as well as exterior maintenance costs and access to such facilities as elevators and swimming pools. Mostly, people staying in condominium complexes have common lifestyle and preferences, which in turn allow you to lead a comfortable life. For instance, there are condominium units especially designed and constructed for people like retirees and single people.

Above all, purchasing a condominium unit in Hong Kong is considered a great long term investment, guaranteeing excellent returns. However, the price of condominium units is exceptionally high in contrast to other accommodations options such as apartments and single houses.

However, it is important to consider certain important matters prior to purchasing a condominium in Hong Kong. The rules and regulations pertaining to condo units vary from condominiums to condominiums.

In certain cases, the condominium association or group put forward some kind of restrictions to own pets or to use a particular facility. Hence, such matters must be checked for. Purchasing or renting a condo unit in Hong Kong is no longer a tedious process. A myriad of real estate companies and property builders are there in order to help you find a condo unit that suits your requirements.


By Wantanee Khamkongkaew

Wantanee Khamkongkaew is an independent author evaluating and commenting on leading International Property Consultants in Asia and Greater China, especially CB Richard Ellis.

Article Source: http://www.articlesbase.com/real-estate-articles/condominiums-are-considered-a-great-housing-option-in-hong-kong-319913.html

Tuesday, January 12, 2010

Villa Ratchatewi

Villa Ratchatewi

150 m. from Phayathai BTS
39-164 Sq.m. Studio-3Br
Price Start 87,000 B/Sq.m.

Life@Ratchada-Suthisan

Life@Ratchada-Suthisan

Brand new condo located at the best location. Only few steps to Suthisan MRT Station. Full facilities included ; swimming pool, Fitness, Sauna, Garden compound.

30-55 Sq.m. 1-2 Br
Price 74,500 B/Sq.m
Rent 15,000-35,000 B/Mth

Life@Ratchada-huai khwang

Life@Ratchada-huai khwang

Brand new condominium closed to Huai Kwang MRT station. Located in the heart of Ratchadapisek. Full facilities included ; swimming pool, Fitness, Sauna, Garden compound.

30-64 Sq.m. 1-2 Br
Price Start 73,200 B/Sq.m.
Rent 15,000-25,000 B/Mth