Primary real estate in Asia presents a broad array of opportunities for international entrepreneurs and property investors. Following are some key points to help determine whether primary real estate in Asia should be part of your investment activities:

The unique nature of markets across Asia means primary real estate opportunities vary from country to country. However, whether objectives are for finding a home, a holiday property or a buy-to-let investment property, Healy Consultants assist clients with the process of purchasing primary real estate in Asia.

The primary real estate market refers to properties that are brand new or in the construction stage, often referred to as off-the-plan properties.

Common thought in many Asian markets is that buying products that are brand new is always preferred. During the property boom over recent years primary real estate in Asia has been popular, leading to many new developments being sold out before completion. It is common for speculators to buy and sell on the primary real estate market during the construction phase of a development.

There are advantages to buying new, or off-the-plan, in the primary real estate market in Asia. These advantages include:

The property is new so has not been lived in by anyone else.

Cost savings can be achieved by buying off-the-plan.

Buying on the primary real estate market can give the owner more freedom and decision making in some aspects regarding the layout and fittings used in the property.

Buying on the primary real estate market also means there are no renovations needed, as all products and inclusions used in the property will be the latest in trends and technology.

In the rental market, a brand new property will likely be more attractive to potential tenants than older properties and is therefore easier to secure a tenancy contract.

Investing in primary real estate in Asia also has some disadvantages. These include:

Buying off-the-plan means you do not get to view the property before committing to it. New developments will always have display units, however, developers will use professional interior designers to ensure these look exceptional. The purchased property will not look like the designer display unit.

In the pursuit of maximising profits, developers will endeavour to fit a higher number of apartments into a development. The result is that new apartments are usually smaller in floor area as compared to older developments.

For more information the primary real estate market in Asia, please contact Healy Consultants at (+65) 67350120 or email us at email@healyconsultants.com