For most people living in Asia, real estate has been one of the ways they made their riches. Just look at the number of property developers in the top 100 lists of richest people and companies, and you can see why owning land, pouring concrete on that land and building a high rise apartment on it can yield riches.
So why exactly is real estate such an attractive asset class to invest in?
Owners of any type of property have the right to rent out spaces in the property to tenants in exchange for rental income. This stream of income is nothing to be sneezed at because it is recurring and generally locked in for the period of the contract.
There can be upsides gained by the landlord if there are contractual agreements to the rent stepping up 3% per year, for example.
For example, a rental agreement over …