With the hands of property buyers tied by the TDSR rules, property marketers are making the most of the situation to hold overseas property seminars and exhibitions.

I have no intention of selling you any foreign investment opportunity in my blog. Over the years, I have seen too many people who regret buying overseas properties. And their stories show that many buyers do not think carefully before they commit.

Let me summarize the top three risks of buying properties in an overseas market:


Risk #1: Foreign language and culture

• How do the locals, especially your neighbors, see owners from your country of origin?

• Do you speak and read the local language? Can you read the fine print in a contract?

If you have problems understanding the language or getting yourself understood, can you imagine communicating with the property agents, the management office and the lawyer? How about negotiating (Read more...)