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BROUGHT TO YOU BY PT BALI AFFORDABLE LIFESTYLES
Newsletter Edition / 18-May-2018

How do 90% of Singaporeans own their own homes? Why is this rate so much higher than in the US?

Peng Peng Zheng, Research Assistant at The University of Texas at Dallas
Answered Tue



There are several issues associated with this phenomenon. It demands a really long essay to fully explain how the two societies evolved this way, but I will just briefly cover the points.

The most down to Earth reason is that our equivalent of the US Social Security-The Central Provident Fund (CPF)-is a personal rather than national saving. Unlike the pension system of any other nation, the fixed amount channeled into your CPF can only be used by you or your family in the future.



Australian Investors retreat from housing market

Best Asia real estate editor's comments:

Just one more piece of proof that investors are pulling out of the Australian real estate market in droves.

And just one more reason why I predict that Melbourne and Sydney Brisbane and many other cities are heading for major downturn in real estate and it won't be pretty.

Baby boomers who want to get out at the top should get out now and take their money invested and villas were even property in Bali and in fact can retire for 62% less than it would cost in most major strain cities.

 
Bali’s luxury real estate profits from tourism and investment growth

Analysts say prices of villas on freehold land have jumped more than 10 times in the past several years. Global Property Guide estimates that they are priced around US$1,100 to US$2,300 per sq m

PUBLISHED : Tuesday, 15 May, 2018, 9:02am
UPDATED : Tuesday, 15 May, 2018, 9:02am

Andrezj Barski


For generations, Bali’s sun-kissed tropical island paradise is the jewel in the crown of Indonesia’s booming tourism industry and an important foreign exchange earner of the country.

Tourism feeds the real estate industry in Bali. A report by Global Property Guide, released in February, estimates that 80 per cent of Bali’s economy depends on tourism, and that there are about 30,000 expatriates living in Bali. These, coupled with rising investments by Indonesians and foreigners resulted in “unprecedented property price increases in recent years”.

 
Three churches bombed in Indonesia's Surabaya province, at least 5 killed

Bali news and views editor's comments:
Our hearts and prayers go out to those who lost loved ones during this morning's horrific bombings of Catholic Churches in Surabaya.

As a 21 year resident of Bali I am beginning to see a serious problem arising throughout Indonesia. Not so much in Bali but especially on the island of Java where Muslim extremists, who want Sharia law are slowly but surely gaining ground.

 

A third of Aussies retiring with two homes, says AHURI report

ONE in three Aussies are retiring with two homes in their portfolio, prompting experts to argue for a national pension scheme that looked at those with property and those without.

Sophie Foster
The Courier-Mail MAY 10, 20185:23PM


One in three Aussies are retiring with two properties in their wealth portfolio.Source:Supplied
ONE in three Aussies are retiring with two homes in their portfolio, prompting experts to argue for a national pension scheme that looked at those with property and those without.
Latest research released today by the Australian Housing and Urban Research Institute (AHURI) found real estate was playing a greater role in the retirement plans of retirees with more older Australians now holding a second property.

 
PROPERTY OF THE WEEK

Three Bedroom Villa near beach in Sanur


Asking Price is US$289,000/30 year Lease

 

3 Bedrooms, 3 Bathrooms, 1 storage room. Nice area in beach-side Sanur. Offered furnished included western standard, HOB and refrigerator.

Electricity: 4400 Watts

 

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