31 Jul '13, 3am

Caution urged over buying overseas properties

Jul 30, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Banking on Singaporeans' strong interest for property, foreign developers are actively promoting their projects here in the hopes of boosting sales, but analysts are reminding buyers to be cautious. At a recent property showcase at the Singapore Expo, several overseas projects and land sites in south Indian cities like Chennai and Hyderabad were exhibited to provide local buyers with diverse property investment opportunities, media reports said. For instance, the Kgeyes Eternity condominium development (pictured ) in Chennai sold two units with sizes of 1,182 sq ft and 1,466 sq ft at an average price of S$319 psf. While some overseas investments provide good returns, analysts are urging buyers to think hard before making purchases, taking into account the property rules of other countries as well ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Comments

  1. 16 Aug '14, 4am

    Overseas buyers should be cautioned about buying property in Singapore instead. Home owners in Singapore could be penalized for objecting to enbloc sale of their property.

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