Many Asian countries such as Thailand, The Philippines and Vietnam have experienced exponential growth over the last few years. As things stand now, the economies of these countries, which make up the ASEAN region, are expected to grow by 4.8% in 2017. This growth presents an array of wonderful opportunities for foreign investors looking to buy up property in these countries.
Although not every country in Asia is as promising, a majority of them are actually quite lucrative property market targets. Here is a list of some of the best cities in Asia to buy property and make money.
Kota Kinabalu, Malaysia
Kota Kinabalu in Malaysia bundles up a fast growing economy with an incredible assortment of natural attractions. These attractions go a long way in attracting tourists, both local and international. Because the lifestyle here is not as fast-paced as it is in Kuala Lumpur (the capital city) you can expect to see more tourist and retirees settling in this region. The shopping opportunities are wonderful, the attractions are off the charts and the city itself is quite spectacular.
Combine all this with a low cost of living and you have a city that offers it all. New real estate properties are springing up to cater for the high demand created by locals as well as foreigners who want to live in this major-metropolitan-hub-in-waiting. For an investor, there no better time to buy up property in Kota Kinabalu.
Danang, Vietnam’s fourth largest city, has gracefully rebounded after the collapse of the property market in Vietnam some years ago. Slowly moulding itself into an international class tourist destination, Danang with it’s over 30km stretch of pristine beach and a host of attractions, is becoming a force to reckon with in the property industry.
Although you might have to register a company in Vietnam to own land there as a foreigner, once you get through these hoops, you will find that the time and financial investment was well worth it. Danang is set to grow incredibly in the years to come and you will grow with it.
As a nation, Mongolia has seen some terrific economic growth that has slowly brought it out of the shadows cast upon it by her behemoth neighbours, Russia and China. As the economy grew, so did the property market. In fact, Mongolia has been doing so well in that some developments have been know to guarantee investors a return of 12% in two years.
The best thing about Ulaanbaatar, Mongolia is that here, unlike many other Asian markets, foreigners have almost the same right of property ownership as the locals. There aren’t that many hoops to jump through and the returns, as we have just stated, are quite promising.
These are just a few of the options you have as a foreign investor interested in the Asian property market. Others include China, Singapore and even Myanmar. The continent is chock full of opportunities.