Asim Qureshi, CEO LaunchPad, 5 $1-10m startups (including Jibble.io)
Answered Jan 31 · Upvoted by Joben Bissong, PhD Real Estate Investing, Sahaja Yoga (1986) and WenJia Wong, Chartered Market Technician, Senior Advisor and Professional Trader
When I first started making property investments in Malaysia in the early 2000s, the market was completely dead. Prices hadn’t risen much since the 1997 Asian Crisis, foreigners had taken their money out.
I used to come to Malaysia after every annual bonus and buy property.
I remember a few agents asking me, in complete bewilderment, why I was buying a property in Malaysia when I didn’t live here. Optimism and the Asian dream had been eradicated from the Malaysian mind-set.
But I had done my homework. Malaysia’s economy and political landscape were solid, its population young, and it was gradually relaxing foreign property ownership rules.
I leveraged on property so highly that by the time I quit investment banking I owned 5 times my wealth in property.
It was a huge bet that paid off. Over the next few years, the Malaysian property market boomed and I cashed out.
Looking back I guess I was just doing what Warren Buffett does, but in property - looking at fundamentals and taking advantage of irrational (in this case negative) sentiment.
So, the best time to buy property is when fundamentals are sound, yet no-one wants to buy simply because everyone else isn’t buying…
Below is a quick analysis of where Bellefontaine predicts will be the best and worst real estate markets in 2018 and the next 3 to 5 years.
(8) Bali, which has just endured the first downturn in modern history going back as much as 70 years or more has already had a four-year downturn.
With continued increases in tourist arrivals, especially from the Chinese who last year were up 57% Bali should see a robust real estate market this year.
Bellefontaine is predicting, “the beginning of a major 5 to 10-year rise, again primarily because of huge new demand from baby boomers” who will seek out Bali for its low cost of living, low cost of domestic help, fresh air, warm weather and friendly people. Bellefontaine believes that, “properties such as beachfront properties may see 10% to 15% increase in 2018 and a 50% to 200% increase in the next 5 to 10 years.
Bellefontaine recommends, “you start your search by attending one of his seminars coming up soon and learning everything about Bali from locations to buy what to buy where to buy etc.
You may also start your search with their very high-tech website bestasiarealestate.com which allows you to search areas without a keyboard.
As he concludes so long as you can still buy a three bedroom 500 m² villa with private swimming pool for as little as $159,000 which rents out for $3,000 to $4,000 per month there are still excellent opportunities in Bali.
Three bedroom 500 m² villa with
private swimming pool for as little as $159,000