We Asians just love our property. I want to share with you an interesting fact. The richest man in the world used to be a Japanese at one time. And what made him wealthy? It was property. This was of course before the Japanese property bubble burst. Now we can't see him in the top 50 of the league table. Where is he?
Despite this fall from glory, property is still considered the best investment in Malaysia. Just how true is this claim? The typical answer would be like this "I bought my house for RM35k more than 30 years ago and now its worth RM500k!" Wow is this for real?
This example happens to be true. Its not an isolated incident. However it did happen when Malaysia's economy grew the most in its post independence history. The question now is, will the Malaysian economy be able to perform as it did? If yes, we can look forward to see those high returns again. If not? hmm...
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