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Living overseas

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Can foreigners own flights out right in southeast Asia and if so, which country?

18 replies

hellokittymania · 06/06/2017 08:11

In the UK at the moment, looking for flats and so so homesick for Vietnam. I don't know if owning in the UK is the right thing for me when my heart is very much in southeast Asia. I have worked in Vietnam for 10 years, so most of my adult life and it's where my heart is.

I have worked in the Philippines as well, and looked in to living there. I don't like it as much as Vietnam, but I think I could eventually adopt.

Is there anywhere where foreigners can own a condo, even if it's lease for 99 years or something, but you don't need a local in order to buy?

OP posts:
hellokittymania · 06/06/2017 08:15

Sorry typo in the thread title should be apartments. I'm using dictation so it does not always get things correct.

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TressiliansStone · 06/06/2017 08:17

This site suggests the condo idea might be a goer in the Philippines:
www.real-estate-ph.com/title_ownership.html

"Currently the general rule is that only Filipino citizens and corporations or partnerships at least 60% Philippine owned are entitled to acquire land in the Philippines. As an exception to this rule, an alien acquisition of Philippine real estate is allowed in the following cases... Purchase of not more than 40% interest as a whole in a condominium project. "

TressiliansStone · 06/06/2017 08:18

I've reported the thread to MNHQ to amend the title - otherwise I think people won't click.

TressiliansStone · 06/06/2017 08:24

It looks like Hong Kong and Singapore both allow foreign ownership, although in Singapore it's restricted to flats, that is property without land ownership.

But life there would be very different from Vietnam.

ShotsFired · 06/06/2017 08:29

There is a "promotion" (for want of a better word) going on in Thailand atm. A really good deal for expats - something ridiculous like £60k fee and then loads of concierge-type assistance. I am sure that deal included property ownership too.

hellokittymania · 06/06/2017 09:15

Thank you stone. I am very familiar with Singapore, and I did look into flats there. I think it was very hard for foreigners to buy though.

Thailand would work, but have they become more strict with visas and things like overstaying?

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TressiliansStone · 06/06/2017 09:20

Ah, if you know Singapore well and recently, you'll know a great deal more than me.

Sorry not to be more helpful. Best of luck.

hellokittymania · 06/06/2017 09:24

Thank you. I making a DIY mocha at the moment and will go out and do something today. It's pouring and cold and really depressing and I am in a terrible terrible mood.

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TressiliansStone · 06/06/2017 09:41

I've arrived back in the UK after years living places hot, sunny and outdoors, and it's a heck of a culture shock, isn't it?

Saw your thread about your oven woes the other day, too. Hope the electrics have been resolved...

hellokittymania · 06/06/2017 09:45

Yes, it is such an adjustment. Some days it's OK, but others .....

Still having problems with the electrics as well.

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TressiliansStone · 06/06/2017 09:52

Oh no, I'm sorry to hear that, though alas not surprised given typical landlords.

And this weather really doesn't make things any better, does it?

hellokittymania · 06/06/2017 09:58

No, I am freezing. I asked about places to live where you don't need a car, and somebody suggested Glasgow and Edinburgh. I hate to think how I would survive the winter in such a place Grin

Plus doesn't Scotland only have four hours or five hours of daylight during the winter? That sounds terrible

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TressiliansStone · 06/06/2017 10:08

I moved from SE Asia to Scotland... fortunately via acclimatisation down south first. Even then, it was a joke among my friends that every time they suggested going somewhere I'd ask, "How long will that mean outdoors?"Grin

In the Scottish winter, the sun comes up after you're in work and goes down well before you leave...

fatowl · 06/06/2017 10:19

Foreigners can buy in Malaysia, you would get more apartment for your money than in Singapore

hellokittymania · 06/06/2017 10:20

I think I will pass on Scotland then. I just looked at the weather for London and it's 11°, that's bad enough. And it's June!

There's a very good Vietnamese restaurant in Highbury that I usually go to, but I don't know if it's open for lunch. If it is, today might be the day to have lunch there. I can speak Vietnamese, Have bun thit nuong and iced coffee.

I have friends in the UK, but no one in London who can just go out for coffee easily. On days like today, that's really hard.

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Ontopofthesunset · 06/06/2017 10:40

Malaysia has a second home scheme for foreigners, I think.

Laptopwieldingharpy · 06/06/2017 14:40

The elite visa does not include property in Thailand but you can buy a condo.
HK you are probably outpricedvlike everyone.
Singapore no problem for a condo, you now just have to hold on to it for longer to avoid a hefty resale tax.
In any case you would need a work visa or come and go as a tourist. Thailand a bit stricter but still very doable. It's just a hassle applying for a re-entry permit and doing a birder run every 1-3 month depending on your visa.
One thing to keep in mind, resale in Asia is veeeeery slow. So don't expect a quick flip with a mark up if you think you'll need to cash it in in the short/medium term....
Still a good idea to buy in Vietnam or Cambodia if you are going to live in it for a few years otherwise poor rental yield.

mmgirish · 08/06/2017 14:38

You can buy a condo in the Philippines lot's of my friends did when we were living there. I have friends here in Thailand who have bought condos here too.I don't know what kind of visas you would need to buy one though.

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