http://www.propertyguru.com.sg/events-ips2
"Golden than Gold" - an asset class which depreciated 21% YTD.. that summarizes what Indian real estate returns for many folks in foreign currency in the last 5 years.
Then Indian rupee - Probably the worst performing currency in the world this year. What would you have when you combined the "Currency risks" with sky high property prices of India, 10-12% interest rates on mortgages, 1-1.5% yield,
Ok, now the scary stuff: Government changing laws, and potentially charging retroactive taxes. Most of the Indian house holds are paying 3-5 years old electricity charges, because there was a mistake in calculation 3-5 years ago.
Also "no guarantee" that the asset will be on your name after an year;
Finally, limited legal ways to bring back money to Singapore or overseas. If you can, then extremely high taxes (30% tax on rental income/interest income on NRO accounts), or 10% spread Forex rates through banks.
My conclusion: Invest in Singapore or some other 'safe' markets. If you can take risk for higher returns, then invest in US. or go Forex markets.
Real estate in India - Bleeding ground for locals. So as a foreigner what can you expect..
"Golden than Gold" - an asset class which depreciated 21% YTD.. that summarizes what Indian real estate returns for many folks in foreign currency in the last 5 years.
Then Indian rupee - Probably the worst performing currency in the world this year. What would you have when you combined the "Currency risks" with sky high property prices of India, 10-12% interest rates on mortgages, 1-1.5% yield,
Ok, now the scary stuff: Government changing laws, and potentially charging retroactive taxes. Most of the Indian house holds are paying 3-5 years old electricity charges, because there was a mistake in calculation 3-5 years ago.
Also "no guarantee" that the asset will be on your name after an year;
Finally, limited legal ways to bring back money to Singapore or overseas. If you can, then extremely high taxes (30% tax on rental income/interest income on NRO accounts), or 10% spread Forex rates through banks.
My conclusion: Invest in Singapore or some other 'safe' markets. If you can take risk for higher returns, then invest in US. or go Forex markets.
Real estate in India - Bleeding ground for locals. So as a foreigner what can you expect..
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