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Anonymous
Tokyo seems like a good place to invest in property. Is this really true?
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Cedric Jamie Soh
03 Jun 2019
Director at Seniorcare.com.sg
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Douglas Chow
26 May 2019
Chief Enlightenment Officer at Empower Advisory
Hi Douglas here. 2nd Key note speaker.
Yeah, recently there had been ads advertising for Tokyo properties.
Overseas properties are always tricky. Many Singaporea investors have been burnt as they buy into properties where it was stopped half way in construction, or worse never built.
One way to mitigate the risk is to buy only completed properties, so u don't have the risk of buying a non-finished product. Buying is easy. But disposal is tricky as u have to get their local agency or local agents to transact for u. And it's not easy to manage your property from afar.
I generally won't recommend overseas properties unless the risks are well ring-fenced and minimised. You also have to contend with exchange rate fluctuation, overseas with-holding taxes, management fees etc etc But at the end of the day, it's matter of individual risk appetite.βββ
You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283
Remember, plan your finances properly, donβt overstretch, do your homework and enjoy your property investment journey.
Regards
Douglas Chow
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Due to negative population growth (less babies, more death) and the government's unwillingess to admit more foreigners in, there are less and less property buyers or renters in Japan.
Thats all I need to say.