The Association of Southeast Asian Nations (ASEAN) was formed in 1967. It is comprised of 10 member countries, Thailand, Vietnam, Indonesia, Philippines, Malaysia, Singapore, Myanmar, Cambodia, Laos and Brunei. The purpose of ASEAN is “to promote political and economic cooperation and regional stability”.
According to the [ [World Economic Forum] ] , “If ASEAN were a country, it would be the seventh-largest economy in the world, with a combined GDP of $2.6 trillion in 2014. Home to more than 622 million people, the region has a larger population than the European Union or North America. By 2050 it’s projected to rank as the fourth-largest economy. It also has the third-largest labour force in the world, behind China and India.”
There’s no question that the above information sounds quite impressive and appears to make a convincing case for ASEAN member countries to be viable targets for possible investment. However, as inviting as it may sound, the risk/reward of any investment should be carefully evaluated and quantified to the greatest extent possible. As I stated in Lesson 1, “In the business of real estate, Information is Currency. Obtaining the most recent and accurate information is not just beneficial, it’s crucial!”. That being said, pinpoint and support what you believe to be (5) of the most imperative components of essential “due diligence” that should be employed when contemplating making a real estate investment in the ASEAN member countries, specifically.
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