Singaporean real estate investors are always scouting out for overseas properties. This growing trend began in as early as 1981 with the creation of GIC (Government Investment Corporation) which is the government’s chief investment arm that is tasked with investing Singapore’s foreign reserves to earn reasonable returns within acceptable risk limits. GIC ranks amongst the world’s largest investment management organizations with assets in excess of US$100 billion spread out in 40 countries.
Singaporean Real Estate Investors Seek to expand on Foreign Soil
Condo.com, the world’s largest condo marketplace, which currently has over 15 million visits a month, announced a partnership with Raices Magazine, a global magazine targeting real estate investors and professionals. This partnership provides both Condo.com and Raices customers with exclusive promotional opportunities and benefits as well as important industry information.
Mumbai, the financial capital of India, is also the most desirable destination for the real estate investors. With a population close to 19 million people, Mumbai forms one of the biggest urban clusters in the world, second only to Tokyo. The past few years have seen a continued increase in the property values and a drastic increase in the number of commercial properties. Some residential properties in Mumbai fetch the highest rates and two of its commercial properties, namely Nariman Point and Worli were among the top 10 most expensive locations in the world as per a survey conducted in 2007.
Your exit strategy is an extremely important part of your real estate investing business. In fact, it is one of the most important parts. Sometimes investors get excited because they learn how to buy properties, they find them and they have the money lined up to purchase them, and they do, But when they get them, they have no idea what they plan to do with them.
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