Southeast Asia Real Estate Outlook with Damian Sung

Southeast Asia Real Estate Outlook with Damian Sung

We are super excited to have Damian Sung at Asia Bankers Club as the show opener for this season. Asia Bankers Club is a physical asset investment club with an extensive focus in the overseas real estate market in Southeast Asia, including Vietnam, Cambodia, and Thailand. They have exclusive projects in those countries throughout the year and host regular weekend seminars to help investors to find their overseas real estate investments.

Today, Damian is covering the Southeast Asia real estate market and talks about why investors are going to Southeast Asia and what overrated or underrated regions you should look out for. There will be three linked episodes on Cambodia, Vietnam, and Thailand. Through these episodes, we hope you get a better picture of what projects are right for you and realise the right local or global real estate investment.

Key Discussions

  • Why invest In Southeast Asia
  • Who type of investors suitable to invest in Southeast Asia
  • Underrated & overrated regions in Southeast Asia

Beginning a few years ago, the Southeast Asia real estate market has become a popular destination for overseas property investment as investors from institutional to retail investors begin to see a lot of growth potential in the region. But, it is not easy to invest in Southeast Asia. Not only is it far away, but the cultural and language differences also make it hard to understand and assess potential investments there. Damian’s sharing provides a quick and clear idea of the risk and return of each region from a Macro perspective. Southeast Asia is a very big region, and perhaps not coverable in-depth in just under 10 minutes. I think the next few episodes with Cambodia, Vietnam, and Thailand are going to be great, especially if you are interested in investing in those countries as Damian provides a more detailed explanation of what you should or should not invest in. Feel free to reach out to us or Damian and the rest of the Asia Bankers Club team to chat up.

▶ About the guest:

Damian Sung is a Sales Director at Asia Bankers Club. They are a physical asset investment club with an extensive focus in the overseas real estate market in South East Asia including Vietnam, Cambodia, and Thailand.  They have a pipeline of exclusive projects in these countries throughout the year and host a series of weekend seminars.

▶ Connect with the guest

  • Website: http://www.asiabankersclub.com
  • Instagram: https://www.instagram.com/asiabankersclub/?hl=en
  • YouTube: https://www.youtube.com/user/AsiaBankersClub
  • Email: contact@asiabankersclub.com

▶ Source & Supporting:

Capital Gain: Capital gain is the value of an asset that increases over time after being held for some period of time. It can be both short and long term.

https://www.investopedia.com/terms/c/capitalgain.asp#:~:text=Capital%20gain%20is%20an%20increase,be%20claimed%20on%20income%20taxes.

Capital Control: Capital control is the measure taken by a country’s government to keep control over the flow of capitals(eg, taxes) in and out of the country.

https://www.investopedia.com/terms/c/capital_conrol.asp#:~:text=Capital%20control%20represents%20any%20measure,%2C%20and%20market%2Dbased%20forces.

BTS (Thailand): BTS or Bangkok Sky Train is a well-known term for the mass transit system in Bangkok, Thailand.

https://www.bts.co.th/eng/

▶ Transcript [English & Chinese]

English:

Finally here together. Yes, finally. Yeah, I remember we met like two years ago, right? About two years ago. This is interesting, because I’ve told you before, I’ve always been a big fan of your company, Asia Bankers Club. And finally, we’re here. There’s a lot of questions that I actually want to take this chance to ask you more to understand what you guys are up to, what you’re doing. Thanks for coming in to join us. So first question I have always is that, among all places, why do you guys focus on Southeast Asia?So the reason why we focus in Southeast Asia, it’s we see the biggest potential growth in the market, especially Vietnam, Cambodia, and I mean, Thailand always been on the map. So that’s one of the biggest reason and plus the proximity to Hong Kong, it’s very close for our investors to actually go over to these countries, few hour flights. It’s easier for them to control their investment from Hong Kong than investment in the US or Canada. The UK is a different story because there’s a lot of background stories for the UK, but we see a huge potential in Southeast Asia. But then, even with a global perspective, why has Southeast Asia become such a boom for the past couple years? Because years ago, everyone will look in the UK, Canada, and many more, and they still do. And Southeast Asia, what’s the reason behind that?I think people look at China. For example, China’s done so well in the past 20, 30 years, and then now you have countries like Vietnam, they’re following the footsteps of China. Even if you take Korea in 1980, Korea was probably one of the poorest countries in the world. And now they’re probably top 25 richest countries. So there’s just a lot of potential in the Asian market, because of the manufacturing. I mean, everybody’s focusing on Asia ow because of the whole the US trade-China trade war, you see a lot of shift of manufacturing from China to these sub-southeast countries like Vietnam, Cambodia, Thailand, Myanmar. So I think that’s one of the biggest reasons.I see. So it is about people’s incomes increasing, their wealth are increasing, and then getting there. So in your experience so far, because you’re one of the top agents in your company as well, through experience, what type of investor tend to gravitate towards Southeast Asia compared to others? And then just one thing I always want to know is that what’s the misconception people have? So a lot of people that look into different markets have different views of investing. Like for Thailand, people want to invest in Thailand, or buy in Thailand, or either self-use in the future, or they know Thailand market so well, that’s one of the reasons why they invest. Vietnam is purely for capital gain, they see that the economy’s doing so well, that GDP growth was the highest last year even during pandemic. So, Vietnam has always been on the map for the past few years for the investors purely for capital gain. For Cambodia, it is a fairly new market. No capital control, easy access, and plus you get to invest in USD.So it sounds like there are different parts for different reasons. I see. So in your opinion, ss there any regions that you feel that a lot of people are rushing into it but is a bit overrated or underrated? Underrated? I would say Cambodia. It’s a fairly new market, so it’s good for the Chinese market because you have the whole belt road in China and a lot of Chinese investors actually investing in Cambodia. But for Hong Kong or Singapore, even Korean and Japanese buyers, they’re carefully looking at Cambodian market. So I think Cambodia will be underrated. Overrated? Maybe Thailand. People say that they have too many buildings going on, but you still have good projects along the BTS from good developers that even sell out even during pandemic. We had a show last year, the project is 98% sold out. Wow, that’s a lot. And then there is something I’ve been noticing. There are more and more people coming to Hong Kong or selling Southeast Asian assets and stuff like that. If someone like the audience obviously look at the show, and we’re really heavily focused on education, learning what’s going on, what are some takeaway or tips that you want the audience to have when it comes to looking into Southeast Asia?It depends on each country. So if we had to dive into these different countries, and there is always stuff that you need to look out for, that you need to be aware of as a foreign investor. So actually, we could get into it in details later.That’s great. And obviously, this is the part one, the first episode before. We’re gonna talk about later on Cambodia, talk about Vietnam and Thailand. And then when people, obviously watch the show, want to know more about what you guys do and everything, how would you want them to contact you?You could reach us at our website, www.asiabankersclub.com. Or you can contact me or our colleagues,we can always set up a private consultation for our clients one-on-one, or we can invite them to our seminars that we have either once a month or twice a month.great. Okay. Let’s go to part two then.

終於見到你了。是的,終於。是的,我記得我們兩年前見過,對吧?大約兩年前。

這很有趣,因為我以前告訴過你,我一直是貴公司Asia Bankers Club的忠實粉絲。最後,我們到了。有很多問題,我想借此機會問你們更多,以瞭解你們在做什麼,以及你們正在做什麼。謝謝你來加入我們。所以我一直以來的第一個問題是,在所有的地方中,你為什麼關注東南亞?我們之所以把重點放在東南亞,是因為我們看到了市場最大的潜在增長,特別是越南,柬埔寨,還有我們一直關注的泰國。所以這是最大的原因之一,再加上鄰近香港,我們的投資者很快就可以真正前往這些國家,幾小時的班機。他們更容易控制自己。來自香港的投資多於來自美國或加拿大的投資。英國是另外一回事,因為有很多英國的背景,但是我們看到東南亞有巨大的潜力。但是,即使從全球的角度來看,為什麼東南亞會在這幾年突然增長那麼快。幾年前,每個人的目光都是放在英國、加拿大,還有更多的地方,他們現在仍然還是這樣想的。而他們看向東南亞背後的原因是什麼?我認為人們看東南亞就像是在看當年的中國大陸。中國在過去的二三十年裏做得很好,而現像越南這樣的國家,他們在追隨中國的脚步。即使以1980年的韓國為例,韓國可能是世界上最貧窮的國家之一。現在他們可能是世界上前25最富裕的國家。所以亞洲市場有很大的潜力,因為製造業。因為美中貿易戰,大家都專注於東南亞國家特別是從事製造業的。你看到很多製造業從中國轉移到這些次東南國家去到越南,柬埔寨,泰國,緬甸。所以我認為這是最大的原因之一。我明白了。所以是關於人們的收入增長,他們的財富也在增長。你是公司裏最優秀的代理商之一根據你的經驗,與其他投資者相比,哪種類型的投資者更傾向於東南亞?我一直想知道有什麼是人們常見的誤解?很多人在不同的市場上對投資有不同的看法。就像泰國,人們想要在泰國投資,或者在泰國購買一些資產將來自用,或者他們對泰國市場非常瞭解,這也是他們投資的原因之一。越南純粹是為了資本收益,他們看到經濟表現如此之好,GDP增長甚至在疫情期間創新高。因此,我們可以推論出越南在過去幾年一直是純粹為了資本收益以及流入而出現在投資者面前的柬埔寨是一個相當新的市場。沒有資本控制,容易獲得,而且你可以用美元進行投資聽起來這些地區好像有不同。我懂了。所以在你看來,你認為有很多人的投資都是比較衝動,你覺得會不會有點高估或低估了嗎?被低估了?我想說柬埔寨。這是一個相當新的市場,所以對中國市場很好,因為你整個一帶一路都在中國,很多中國投資者都在柬埔寨投資。但對香港或新加坡來說,或者是韓國和日本買家,他們正在仔細研究柬埔寨市場。所以我認為柬埔寨是被低估。也許泰國才是那個被高估了的。人們說他們有太多的建築物正在建,但是你仍然可以看到來自優秀開發商的優良項目BTS在疫情期間也賣完了。去年我們舉辦了一個展覽,這個展覽的項目98%都賣完了。哇,這很多了。然後我注意到了一件事。越來越多的人來香港出售東南亞的資產。如果我們的觀眾真的有在認真的看節目,我們真的非常注重學習,瞭解發生了什麼,你想讓觀眾瞭解東南亞的什麼呢?

這取決於每個國家。所以如果我們要深入到這些不同的國家作為外國投資者,你需要注意的東西有很多。我們可以稍後再詳細討論。太好了。這是第一部分,之前的第一集。我們稍後再談柬埔寨,談柬埔寨,越南和泰國。當人們,顯然是在看節目的時候,想知道更多關於你們做什麼的事情,你想讓他們怎麼聯系你?您可以通過我們的網站聯繫我們,www.asiabankersclub.com.或者你可以聯系我或我們的同事,我們可以為客戶一對一地安排私人諮詢,也可以邀請他們參加我們每月一次或兩次的研討會。太好了。那我們進入第二部分吧。

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. 

As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

This might be painfully obvious – Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above.

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.

Alright, let’s get back to the transcript of the show. Enjoy!

Leave a Reply

Your email address will not be published. Required fields are marked *