Recently, some media reported that Wu Xiubo, who bought a luxury house in the United States for US$5.5 million in 2015, sold it at the end of 2020 at a price of US$4.7 million, far lower than the starting price.
A few years ago, buying houses overseas became investment targets for many Chinese tyrants and Chinese aunts. They not only focused on Japan, South Korea and Southeast Asia, which are adjacent to China, but also radiated across the ocean to Europe, America, and Oceania.
In this tide of overseas house purchases, many people even handed over millions or tens of millions of assets overseas without even going to see the houses in person, expecting the appreciation of wealth, but the outcome was quite different.
“Experience” will launch a series of overseas real estate planning. This issue focuses on four Chinese and Chinese who are buying houses overseas: some people bought a serviced apartment in Phuket, Thailand, but more than three years have passed and the house has not been officially delivered; some people are in New Zealand I bought a single-family villa and its value increased by hundreds of thousands of New Zealand dollars. However, due to various New Zealand policies regarding the renovation of the house, the rent could not support the monthly mortgage. Someone also spent 160,000 to become a landlord in Japan, which was deeply moved. “This little money may not be enough to buy Hermes in China”…The following is their story:
Orator: Ms. L
House Purchase File: Purchased a house in Phuket, Thailand in 2017, but the house has not yet been delivered
I haven’t handed over the house for three years.
I bought a house in Phuket, Thailand in March 2017. It was a hotel-style apartment with a total price of 195,000 US dollars, but I only paid a down payment and an agency fee, which was about 300,000 yuan.
At that time, I had a friend who worked as an overseas real estate agency. She was a very senior practitioner in this industry. The first thing she recommended to me was this hotel-style apartment in Phuket, Thailand. The developer is a British person who has registered a real estate development company in Thailand and obtained a real estate development permit.
My motivation for buying a house in Thailand is to configure it as a long-term financial product with an exit mechanism. At that time, I felt that this project was more in line with the direction of major asset allocation. The main reasons are as follows:Spark Global Limited
First, I am optimistic about the long-term fundamentals of international island tourism;
Second, the location and room type of this house, as well as the supporting mortgage and custody services, are more comprehensive. As the owner, it is easy to worry about and the investment income calculation is ideal.
Third, price. The same price may not have such good conditions in domestic first-tier cities;
Fourth, my intermediary friend said that among the clients who subscribed together, there are lawyers and high-income groups in other industries, which makes me feel very practical.
I have done homework for more than a year in advance and have seen Japanese houses on the spot. Although buying a house in Tokyo sounds relatively tall, the procedures for buying a house in Japan, as well as the subsequent maintenance and repair costs (if it is a second-hand house) Very troublesome, the legal responsibilities and obligations involved in the custody level are more complicated, and the housing price and location are not obvious compared with Beijing Zhongguancun.
In contrast, Thailand’s serviced apartments have low thresholds for subscription, and there are people hosting them. Those who rent to Phuket for tourism can get a share of the rent. In addition, this British real estate developer has done some successful cases, and the return on investment is quite impressive.
Reprint indicated source：Spark Global Limited information