Overseas properties to fit your budget

PHOTO: Overseas properties to fit your budget

The Sunday Times looks at what is available for buyers of foreign property farther afield from hot spot Iskandar.

We look at three price brackets - those with a budget of $300,000, $500,000 or more than $1 million.

Budget: $300,000

Ms Aliwassa Pathnadabutr, managing director at property consultancy CB Richard Ellis in Thailand, says you can get a good-sized one-bedroom unit of about 50 sq m to 60 sq m in a prime downtown location such as Sukhumvit, Central Lumpini or Silom-Sathorn.

Mrs Doris Tan of Jones Lang LaSalle notes that in Australia, A$250,000 (S$286,000) can get you a one-bedder but only in Brisbane or the nearby Gold Coast.

Another option would be a bigger unit in Anchor Land Holdings' Monarch Parksuites freehold condominium in Paranaque City, Manila. Prices start from $202,000 for a one- bedder.

Budget: $500,000 to $600,000

DTZ Singapore research head Lee Lay Keng says that in central London, two-bedroom units could range from about £300,000 (S$616,000) to £450,000.

Look out for bustling residential neighbourhoods such as Bayswater and Paddington.

Mr David Poppleton, Savills head of residential projects in Australia, says that this sum will get you a small one-bedroom unit without parking in the inner city in Australia.

In Melbourne, this price could fetch a one- or two-bedroom unit in the central business district and perhaps a one-bedder or studio unit in Sydney.

Over in Manila, you will be able to find two-bedroom condo units in high-end developments in good locations, said Mr Michael McCullough, managing director at Savills associate firm KMC MAG Group Philippines.

Budget: More than $1 million

In this price bracket, Mr Richard Levene of Colliers International suggests The Ladbroke Grove, a mixed-use development in North Kensington. One-bedroom apartments of 540 sq ft start from £535,000 while two-bedders begin at £724,500.

Another London option is The Nova Building by Land Securities, on prime Buckingham Palace Road. Units range from studio units at 370 sq ft to three-bedders at 1,111 sq ft, with prices from £595,000.

Or head to Sky Gardens around Vauxhall, where the smallest unit is a one-bedroom unit going for £734,000.

In Thailand, you could consider the 50-storey Marque Sukhumvit by Major Residences on the main Sukhumvit Road, near Sukhumvit 39, opposite the Emporium shopping complex.

Prices start from $1.28 million for two-bedroom units ranging from 1,335 sq ft to 1,464 sq ft.

Or if you want the services of a hotel along with your apartment, look at The Ritz-Carlton Residences, Bangkok , in the mixed-use development MahaNakhon, by Thai luxury developer Pace Development.

The residences start from the 23rd floor to the penthouse Sky Residences on the 73rd floor. They range from 120 sq m for a two-bedroom unit to 850 sq m for a five-bedroom unit. Prices start from $1.4 million.


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