Asian countries where you can own land ownership

With its booming economy, natural resources and growing population, Asia has increasingly attracted the attention of investors from all over the world.

The Asian continent has now become a place that attracts global investors and entrepreneurs seeking higher returns and lower operating costs.

For example, digital companies are flocking to Thailand, while investors are looking to Cambodia and Vietnam to take advantage of the urbanization and strong demographic trends in these countries.

In the real estate sector, many investors often miss many opportunities due to restrictions on foreign land ownership in many countries. Most Asian countries allow non-citizens to purchase apartments, but few countries allow foreigners to legally own villas or land.

1. Malaysia

Malaysia is the only place in Southeast Asia where foreigners can own land in Southeast Asia.

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Malaysia is one of the most suitable investors in Asia. This country welcomes foreign capital and has very few restrictions on land ownership. In Malaysia, the only type of property that foreigners cannot buy is “heritage property”, or historic real estate from the colonial era.

Malaysia has a very developed economy, and foreigners can also obtain Malaysian residency through investment through its “Second Home Project” (Mm2H).

Generally speaking, Malaysia is a good choice for investors who want to buy land or houses in Asia. Although the real estate market is not as profitable as neighboring countries, its prices are still growing. Obtaining a residence permit in Malaysia is also relatively simple.

2. South Korea

Like Malaysia, South Korea has few restrictions on foreign land ownership. Considering South Korea’s degree of internationalization, this openness to foreign investment is quite meaningful.

South Korea’s modern and innovative culture attracts expats from all over the world.

However, obtaining Korean citizenship is quite difficult. Like most neighboring countries, South Korea is very picky in issuing long-term visas.

However, there is one exception — Jeju Island. This small island on the southern coast of the Korean Peninsula is a special administrative region, and almost everyone can visit it without a visa.

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Similarly, Jeju Island also provides investor residence permits for anyone willing to invest in real estate on the island worth approximately US$430,000. Such a residence permit can obtain Korean citizenship.

If you want to live in Seoul or Busan, you must obtain Korean residency through normal channels. Seoul’s rental yield is very low, but in the development areas outside the city’s core areas, better returns can be obtained.

3. Japan

Like South Korea, there are no restrictions on the types of properties that foreigners can buy in Japan. You can own fully freehold land and buildings in your own name.

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However, due to factors such as natural disasters in Japan, buildings often lose value after decades. At the same time, Japan’s aging population has caused a decline in the real estate market.

In addition, like many neighboring countries, Japan’s immigration policy is restrictive. Owning property in the country does not obtain the right of abode in that country. A work, business or other type of visa is required to live in Japan.

4. Singapore

Singapore-a country known for being open to foreigners.

In Singapore, foreigners can legally own apartments, houses and even freehold land. Singapore is one of the easiest countries in Asia to buy apartments.

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However, although foreigners are allowed to own houses or land in theory, it is actually difficult to own land ownership in Singapore.

For foreigners to own land in Singapore, they must obtain government permission. It usually requires huge investment, such as land worth more than 20 million U.S. dollars, and the investment behavior must be “good for Singapore’s economy.”

In addition to these restrictions, Singapore’s housing market is also one of the most expensive real estate markets in the world, and it is difficult to become a permanent resident here.

Therefore, Singapore is not the best place for real estate transactions. Personally, if you want to have your own apprentice, then Malaysia is a better choice.

Written by

Digital Nomad

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