Overseas property investments: the grass isn't always greener
Such investments can come with hidden pitfalls, including building defects, hidden taxes and outright scams
Add BT as a preferred source
Singapore
WHEN Justin Harper bought a two-bedroom unit outside of London in 2014, the last thing he expected was for the £270,000 (S$503,702) investment to possibly go down in flames - literally.
But the 68-unit luxury apartment building located in Slough and completed in 2015, was found last year to be a major fire risk due to flammable cladding and other substandard fire safety features.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
BlackRock said to be in exclusive due diligence for Capri by Fraser China Square
‘Very low chance’ that US-Iran deal reverts energy flows to South-east Asia through Hormuz: Bloomberg Economics
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
