Networth
More insights on property options
- Published: 23 Dec 2012 at 00.00
- Newspaper section: Spectrum
My previous two articles on property ownership generated some good responses, with readers continuing to show interest in a better understanding of this important asset class. So let's take a look at a few more aspects of property investment in Asia, where the diverse options on offer may be different from what expats are used to back home.
As well as having differing views on the subject of owning a home in a foreign land, there have been questions relating to the alternative methods of investing and of being able to raise sufficient capital to make a property purchase work to your best advantage.
It seems to be a fact that, in Thailand, newly built properties command a higher purchase price than when they begin to age a little. Some readers feel that this is a disadvantage to buyers preferring to buy property with no ownership history. Feelings that previous legal complexities could encumber your rights as an owner appear to be strong. So, why is it that new properties depreciate almost like new cars, in their first few years of existence?
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