Small Change

Overseas property investments: The grass isn't always greener

Such investments can come with hidden pitfalls, including building defects, taxes and other fees, and even outright scams

Like me, Singaporeans may have contemplated buying property abroad at some point in their lives as a form of investment. After all, a wise buy might yield healthy rental income and a sizeable gain if the value appreciates over time. But venturing into foreign waters can come with its dangers.

When Mr Justin Harper bought a two-bedroom unit outside of London in 2014, the last thing he expected was that the £270,000 investment would be deemed a serious fire risk.

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A version of this article appeared in the print edition of The Sunday Times on February 25, 2018, with the headline 'Overseas property investments: The grass isn't always greener'. Print Edition | Subscribe