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.
- 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: [email protected]
▶ 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.
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.
BTS (Thailand): BTS or Bangkok Sky Train is a well-known term for the mass transit system in Bangkok, Thailand.
▶ Transcript [English & Chinese]
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.
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