Consider This
There are many reasons to invest in places other than where you live.
ADDED: thought you guys would be interested to know that in Singapore and HK, no cap gains tax on property, sales commission is 1% and any agent can claim it (whoever brings you a buyer). There are 3 main realty agencies in both markets and you simply list your property with a rep from each of the 3 (for free) who will usher in viewers. There's also a centralized database compiled by the realty boards listing out historical sales and current listings. It's all free. Makes the BC real estate board look like a monopolistic dinosaur.
ADDED: thought you guys would be interested to know that in Singapore and HK, no cap gains tax on property, sales commission is 1% and any agent can claim it (whoever brings you a buyer). There are 3 main realty agencies in both markets and you simply list your property with a rep from each of the 3 (for free) who will usher in viewers. There's also a centralized database compiled by the realty boards listing out historical sales and current listings. It's all free. Makes the BC real estate board look like a monopolistic dinosaur.


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