Personally I don't like UK in the next 5-10 years as an investment location, the economy is declining, inflation is bad that's why people pill into property, political uncertainty as election is coming soon, their central bank in dilemma to continue hiking interest rates or hold, their cost of living increasing so high and many people are struggling, the government will go after those property speculator to tame the market, UK forment geopolitical contest with major world economy and those with big natural resources, I don't think those countries want to invest there anymore, the recent purge of Russian elites is concerning as they prop up the market before this and not sure how other elites will react too, their currency pound also has not been performing well compared to Malaysia in the last 30 years from 12 myr per pound to now 5myr per pound and I forsee a lower 3-4 myr per pound in the near future. Those that invest in UK in the past year before the war may profited from the Londongrad and EU advantage. But now not so much anymore.
As a Malaysian who spent a considerable amount of time in the UK, I find it rather unfair that most of the new property launches are prioritized for foreigners. Most local Brits will not even have the opportunity to purchase the local property. Even in Malaysia, we have a minimum purchase cap for foreign buyers to protect the local people. Nonetheless, I am not criticizing the foreign investors because if there is an opportunity to make money why stop. I am just criticizing their government which doesn't do the needful to protect their people.
You are spot on!! There is no control nor limit for foreign ownership for their land. The only control would be loan financing for their investments. But it’s not really a problem for the rich. Malaysian government is quite good actually hahaha. Imagine no minimum price cap… wah, market will definitely go out of control!!
As a property investor myself, if there’s no price cap for foreign ownership will be good for my portfolio however it will be bad and unfair for my fellow Malaysians who just want to have a dream home. Compared to the UK government, our government is so much more better in all aspects 😅😅. I’m speaking from my personal experiences staying in both countries.
Have been waiting for this series even thou I can’t afford to buy using ringgit 😂 hopefully there’s more details visit for day 2. Ever since watching your channel, whenever I go travel, I’ll go visit properties. One thing I feel sad for malaysia is, oversea condo are way better in quality. Not just Manchester, even Thailand and Vietnam condominium have way better quality and lesser density than malaysia, it makes malaysia condo feels like it is just apartment with die die squeeze in some low effort facility for regulations.
Deans gate has many students staying there too, but I wouldn’t really say it’s an ideal location. Manchester is not really as safe place to be around the deangate area.
Surprisingly I’m very tempted to get one myself. But as always, I’ll go around more projects first to ensure it’s not an emotional decision. Plus Im lucky to go through the inventory from Qiuyu’s team since it’s curated.
Sean, something to take note is UK inheritence tax. It is not something to be ignored after you have accumulated those wealth. We always hope wealth can be passed onto the next generation as a Chinese. UK imposed a painful tax on property inheritance. One has to put in more effort into estate planning. Thank you for sharing with us! The video is just wonderful!
It is not only inheritance tax that is heavy. Also income tax, and transaction tax (stamp duty) and capital gain tax. British people usually dont invest like this for tax reason. Instead they invest in REIT which have a lot of tax advantages.
@@haldepet12 yes, indeed. I assume Sean and his friends are well aware of those common taxes that you just mentioned. Lesser young people talk about the cost of passing on their investment to family.
A difference between Asian and Western properties the supply is very control cannot simply build all the time. Quality wise better of course as they have more penalties if you decide to cut corners consequences are severe. Over time more value as well. Looking at the properties we build within 5 km there is like 50 condos so selling price will a took a long time go up. I miss the days before 2015 when just keep property 6 years then can sell. Now have to wait 15 years then can sell maybe :(
It's amazing to know that with an exchange rate of over 5.x, the flagship Deansgate is only £300k. Contrast it back here at 1.0, you can barely get anything at RM 300k.
Qiuyu’s team is having an online meeting with her fellow investors. Since I’m merely a guest, plus there is only one unit, let’s just briefly go through it.
From no 1 superpower in the world now become 5th in the world. my opinion on Permanent members of the United Nations Security Council Can see how it going downtrend. Property is actually part of investment on the country prospect as well.
waaaaaahhhhhh...tq tq tq do Manchester!i miss this plc liao....so nice to see all the familiar places n nothing much changed from past 10yrs,n nvr had skyscappers b4!Liverpool is also nice!student city!many uni!but manchester can be a bit boring,more calmer than London!walking distance is amazing in UK throughout,max 1km walk to nearest Tube/Train or MOST areas 100% hv busses! i love walking about in the uk n even Aust,such a pleasure...but balik Msia...adui,tamau keluar rumah!is there a podast reg Sg property ownership taxation?
Manchester is pretty boring actually besides football matches to attend, they do have the biggest mall in Europe. But if Manchester United changes hand with the Qatari investors then it could be interesting times for property investor I reckon.
You will have better return on property in neighbouring Cheshire on freehold landed houses. Manchester over supplied. I have watched it ur vids in Malaysia, Don't get sucked into Manchester condos,
No worries, whilst u r there go look at Cheshire area around Macclesfield etc, footballers area nearby. Better area long term for investment, more demand and capital growth for older freehold houses. Try Yang Sing restaurant dim sum menu in city
So cool man! ❤ Hope next time you'll come to italy! 😂 Ps: regarding the pedestrian aspect I really like a term urbanists use: "the democratization of public space", in short is when a street section is divided equally in terms of usage by different ways of transport. In the US most streets are designed like 90% space is for cars and 10% is for all the other modes, and that is not democratic at all 😅
Thats all very bad!Europa is dieing out,so you have to buy in the center of europa if you dont want to go broke longterm!We have some immigration,but its no enough!Just look Italy its already a gosth country!
Thanks for opening up our mind into overseas properties. Haha who knows, someday if I have the chance to expand my career in singapore or oversea then these kind of oversea properties review will helps a lotttttttt
@@iherng GBP300K (approx MYR1.65 million) for a 1 bed unit is not exactly cheap. 🤔This is excluding purchasing costs like agent fees (if any), stamp duty, legal, finance cost, etc. right? Rental of GBP1.3K-1.4K is gross right? What about operating costs like leasing fees, property management fees, insurance, council rates, etc.
Forget about realestate!Buy Argentina Iceland Turkey southestasia indonesia s&p 500 worldstock em ex china and russell2000 etf and rebalaning them every 5 years,and if you are religious,pray!
Personally I don't like UK in the next 5-10 years as an investment location, the economy is declining, inflation is bad that's why people pill into property, political uncertainty as election is coming soon, their central bank in dilemma to continue hiking interest rates or hold, their cost of living increasing so high and many people are struggling, the government will go after those property speculator to tame the market, UK forment geopolitical contest with major world economy and those with big natural resources, I don't think those countries want to invest there anymore, the recent purge of Russian elites is concerning as they prop up the market before this and not sure how other elites will react too, their currency pound also has not been performing well compared to Malaysia in the last 30 years from 12 myr per pound to now 5myr per pound and I forsee a lower 3-4 myr per pound in the near future. Those that invest in UK in the past year before the war may profited from the Londongrad and EU advantage. But now not so much anymore.
Spot on bro!
As a Malaysian who spent a considerable amount of time in the UK, I find it rather unfair that most of the new property launches are prioritized for foreigners. Most local Brits will not even have the opportunity to purchase the local property. Even in Malaysia, we have a minimum purchase cap for foreign buyers to protect the local people. Nonetheless, I am not criticizing the foreign investors because if there is an opportunity to make money why stop. I am just criticizing their government which doesn't do the needful to protect their people.
You are spot on!! There is no control nor limit for foreign ownership for their land. The only control would be loan financing for their investments. But it’s not really a problem for the rich.
Malaysian government is quite good actually hahaha. Imagine no minimum price cap… wah, market will definitely go out of control!!
As a property investor myself, if there’s no price cap for foreign ownership will be good for my portfolio however it will be bad and unfair for my fellow Malaysians who just want to have a dream home. Compared to the UK government, our government is so much more better in all aspects 😅😅. I’m speaking from my personal experiences staying in both countries.
You are so wrong,its stupid to trie to protect to local population,all the stupid rules just ruin the economy!
If you cant efford a apartement in Malaysia go somewhere else!Africa has cheap apartments to!
Pricecap for Foreigner is 500K in butterworth,but what should i do as a single with a 100m2 apartement?50 is way enought for me!
Have been waiting for this series even thou I can’t afford to buy using ringgit 😂 hopefully there’s more details visit for day 2. Ever since watching your channel, whenever I go travel, I’ll go visit properties.
One thing I feel sad for malaysia is, oversea condo are way better in quality. Not just Manchester, even Thailand and Vietnam condominium have way better quality and lesser density than malaysia, it makes malaysia condo feels like it is just apartment with die die squeeze in some low effort facility for regulations.
Malaysian condos are low quality? Older ones might have less facilities but new ones do, and our management fees generally are also pretty affordable
Thats what i want to know!I was thinking quality is better then in Thailand and Indonesia!
Deans gate has many students staying there too, but I wouldn’t really say it’s an ideal location. Manchester is not really as safe place to be around the deangate area.
Really finally u there? How was the market there ?with tax....and energy efficiency certification?
Surprisingly I’m very tempted to get one myself. But as always, I’ll go around more projects first to ensure it’s not an emotional decision. Plus Im lucky to go through the inventory from Qiuyu’s team since it’s curated.
Wah, expand untill Manchester. So capable
Sean, something to take note is UK inheritence tax. It is not something to be ignored after you have accumulated those wealth. We always hope wealth can be passed onto the next generation as a Chinese. UK imposed a painful tax on property inheritance. One has to put in more effort into estate planning.
Thank you for sharing with us! The video is just wonderful!
It is not only inheritance tax that is heavy. Also income tax, and transaction tax (stamp duty) and capital gain tax. British people usually dont invest like this for tax reason. Instead they invest in REIT which have a lot of tax advantages.
@@haldepet12 yes, indeed. I assume Sean and his friends are well aware of those common taxes that you just mentioned.
Lesser young people talk about the cost of passing on their investment to family.
早知道你来曼城找我 我可以做你导游请你吃饭 我是来了曼城二十多年 是你的粉C 很喜欢你的频道
下次吧！没关系:)
感谢您的支持！
You better buy an apartement in Vienna!
What a plot twist
A difference between Asian and Western properties the supply is very control cannot simply build all the time. Quality wise better of course as they have more penalties if you decide to cut corners consequences are severe. Over time more value as well. Looking at the properties we build within 5 km there is like 50 condos so selling price will a took a long time go up. I miss the days before 2015 when just keep property 6 years then can sell. Now have to wait 15 years then can sell maybe :(
Am curious to know, for a 300k one bedder in this project, what is the maintenance/sinking fund, property tax and rental income tax per mth? Thanks.
It's amazing to know that with an exchange rate of over 5.x, the flagship Deansgate is only £300k. Contrast it back here at 1.0, you can barely get anything at RM 300k.
why you didn't show more on the penthouse unit like how you would usually tour your other local Malaysian properties :/
Qiuyu’s team is having an online meeting with her fellow investors. Since I’m merely a guest, plus there is only one unit, let’s just briefly go through it.
From no 1 superpower in the world now become 5th in the world.
my opinion on Permanent members of the United Nations Security Council
Can see how it going downtrend. Property is actually part of investment on the country prospect as well.
Thanks Shaun for the video. Shows how bad town planning is in Malaysia. Development left right and centre.
Rajkumar
waaaaaahhhhhh...tq tq tq do Manchester!i miss this plc liao....so nice to see all the familiar places n nothing much changed from past 10yrs,n nvr had skyscappers b4!Liverpool is also nice!student city!many uni!but manchester can be a bit boring,more calmer than London!walking distance is amazing in UK throughout,max 1km walk to nearest Tube/Train or MOST areas 100% hv busses! i love walking about in the uk n even Aust,such a pleasure...but balik Msia...adui,tamau keluar rumah!is there a podast reg Sg property ownership taxation?
Manchester is pretty boring actually besides football matches to attend, they do have the biggest mall in Europe. But if Manchester United changes hand with the Qatari investors then it could be interesting times for property investor I reckon.
You will have better return on property in neighbouring Cheshire on freehold landed houses. Manchester over supplied. I have watched it ur vids in Malaysia, Don't get sucked into Manchester condos,
Thanks for sharing. We went through several other projects as well, constantly balancing between ROI and maintenance cost.
No worries, whilst u r there go look at Cheshire area around Macclesfield etc, footballers area nearby. Better area long term for investment, more demand and capital growth for older freehold houses. Try Yang Sing restaurant dim sum menu in city
@@iherng I was about to sign spa for Fiddlewoodz last week, but not sure on market ahead !
Hi sean , are you in the UK now ? I am in london . I just sent you an email.
Owh no. I'm back in KL. Let me go check yea.
Thanks for watching Qatar:)
Welcome to Manchester, for investment purpose, DON'T BUY APARTMENT. That's my opinion.
Any reason why? Because I spoke to a few locals, there's a tendency to move into apartment leh.
@@iherng Service charge is crazy high with these high rise buildings. I just sold mine. Values do not go up for this simple reason
Supply is technically infinite as sky is the limit. So much competition to rent out. And prices dont go up much. Just like malaysia
Nice jacket. :D
Yea. Not as nice looking but very practical. Water proof with hoodie and pockets with zip!! Awesome purchase from Zara:)
So cool man! ❤ Hope next time you'll come to italy! 😂
Ps: regarding the pedestrian aspect I really like a term urbanists use: "the democratization of public space", in short is when a street section is divided equally in terms of usage by different ways of transport. In the US most streets are designed like 90% space is for cars and 10% is for all the other modes, and that is not democratic at all 😅
The sheiks who owns man city is also investing into the city development.
Need clarity on business model, buy a few units to rent or bnb, add capital appreciation?
Huh? Just invest, and rent out to people... That's about it.
Thats all very bad!Europa is dieing out,so you have to buy in the center of europa if you dont want to go broke longterm!We have some immigration,but its no enough!Just look Italy its already a gosth country!
Rmb to try out the HK restaurant at Chinatown :)
I tried several of them. Four season duck and Assa Korean restaurant:)
Thanks for watching!!
Thanks for opening up our mind into overseas properties. Haha who knows, someday if I have the chance to expand my career in singapore or oversea then these kind of oversea properties review will helps a lotttttttt
wah so fast upload damn rajin
Abuthen hahahaha:)
Manchester United
Can you share the investment oppurtunity, if any for us Malaysian?
Let me find out from Qiuyu's team yea;)
@@iherng GBP300K (approx MYR1.65 million) for a 1 bed unit is not exactly cheap. 🤔This is excluding purchasing costs like agent fees (if any), stamp duty, legal, finance cost, etc. right? Rental of GBP1.3K-1.4K is gross right? What about operating costs like leasing fees, property management fees, insurance, council rates, etc.
@@iherng Sure, wiating for your the respond, thanks ya
Forget about realestate!Buy Argentina Iceland Turkey southestasia indonesia s&p 500 worldstock em ex china and russell2000 etf and rebalaning them every 5 years,and if you are religious,pray!
wow sean going international investor
Realestate is a bad investment in general!
woooo, nice
Looking forward to the next episodes!!
Still working on it!! Thanks for watching:)
Super detailed! I've never had this perspective even after years walking the roads of Manchester...oh dear...
Well now we learn from each other lah hehe. Thanks for watching!!