Singapore property buyers and investors were able to buy a slice of French history when an 18th century chateau formed part of a French property exhibition in the city-state last weekend.
Chateau De Rethondes (pictured), located 40 minutes from the French capital Paris, was offering residential-titled units priced from 200,000 euros, with 10-year lease-back guarantee of eight percent per annum and a 100 percent buy back opportunity after 10 years.
Steve Teo, Key Executive Officer of Singapore real estate agency Century 21 Visa Property, told PropertyGuru: “For Singaporeans I’d say that French property investments are still very much unchartered waters.”
He added that the chateau, which is operated as a conference facility and where owners can also benefit from up to 28 days free stays per year, is a “beautiful place”.
Andrew Batt, International Group Editor of PropertyGuru Group,
wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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