Just checking viability for rental investment and verifying whether it is as beautiful as what articles said. So far, is not as prosperous and cosmopolitan as Hong Kong and Singapore.
Issues for foreigners. 20% duty. Income tax on gross rental. Rent controlled. Max rent increase 2% + general inflation. Very low property tax and capital gain tax. No depreciation. Gross yield 3-4%, cap rate could be pretty low, didn’t compute yet. Currently is a buyers market because of trump tariff, tightening of credit and seasonal reason.