Five things to consider before buying an overseas property

Have you ever thought of investing in an apartment in the heart of London? Perhaps you're more drawn to that seaside apartment in Gold Coast, Australia? Be it for long-term investment or as a holiday home, buying a property abroad is not as out of reach as you thought, but only if you proceed with caution and do your research before making the purchase.

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DONE DEAL: Bungalow on Jalan Jelutong, Damansara Heights

Rented for: RM19,000 per month Concluded by: Shawn Fernandez of Fernstate Sdn Bhd (012 288 1251) When: March, 2014 Noteworthy: · 5,000 sq ft land area · 4,000 sq ft built-up · Four bedrooms, one study, one maid’s room · Six bathrooms with quality fittings · Renovations completed in March 2014 · Partially furnished with full range of kitchen equipment (breakfast kitchen and working kitchen), curtains, blinds, an alarm system and CCTV cameras The bungalow’s current owners bought the property in August 2011 for RM3.

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