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The Philippines property market is positioned to generate the strongest property price increases over the next 10 year thanks to ongoing economic and administrative reforms by the Arroyo government. The ASEAN countries have yet to exhibit the price gains of Western markets, which is just another sign that this super cycle is far from over. The current credit crunch will provide a great opportunity to profit from property foreclosures.

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Are you aware that you can buy a house & lot in Japan for as little as $10,000. Surprising but true! Japan is a large market, with a plethora of cheap properties up for auction by the courts. Few other Western nations offer such cheap property so close to major infrastructure. Japan is unique in this respect, and it offers such a different life experience, which also makes it special. Some property is in rural areas subject to depopulation, but there are plenty of properties in the cities too. I bought a dormitory 1hr from Tokyo for just $US30,000.
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Saturday, September 20, 2008

New centres for condo development

The Western Australian government is considering the development of high rise condominium developments in the north of the state. The concept arose as a political football, the argument being, if the Arab states can do it, why can't Australia. That argument can of course be extended to many countries in Asia which are a lot more central than the Middle East. There are some major problems. The most important being:
1. The lack of an international airport - this is a critical issue
2. The remoteness of the area - the region is far remote from any significant commercial centre
3. The isolation from markets - places like Malaysia, the Philippines and Indonesia are closer to Japan, China, South Korea.

One could take the argument that Australia does offer some advantages over these other countries because it offers more secure Torrens title. But does anyone seriously worry that they won't have a chance to sell property before any threat of property expropriation could arise. If you wait for a dictator to say 'we are nationalising all property' then you have waited too long. But you are not entirely safe in Australia. State governments (say NSW) are prone to place taxes on property because of its value. For this reason I tend to think the sovereign risk concerns are overstated. Also foreign holders of Asian property are not so large, so there will be no mass exodus. There is on the contrary, a seeming consensus on the direction of economic policy.

So where is the best location for high rise condominiums? I can suggest several locations in Asia that are more attractive than the NW of Australia. These include:
1. Davao City, Mindanao, in the Philippines
2. Laoag City, Luzon, in the Philippines

Laoag is particularly attractive because its on the doorstep to China, it has an international airport, with a growing number of connections. It is remote from Manila, but I don't see that as a problem since the regions have a lot to offer.
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Andrew Sheldon www.sheldonthinks.com

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'Buying NZ Property – Download the free sample readings!

The NZ property market is shaping up as one of the most attractive property investment markets for the next few years. High yielding property and the collapse of the NZD make NZ the perfect counter-cyclical investment if you buy right! In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now!

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