In 1998, inflation was 5.3% at the back of BLR 10.5%. This was mainly due to recession and forex exchange loss. Inflation today has hit the every area and country's coffers. For those in property, I agree with you. For those who are concern, each property takes two to three years to develop depending on size on avg. If you buy anytime for those concern, you will still be hit especially now when every area from food to transport to retail to etc are moving up with conviction. In short there is no escape. And leaving money in bank may be double jeapordy as said by Saturn. On the other hand for those looking to buy in a year or two after, hoping for the storm to clear may not benefit because the country in particular South, central and north are pushing development esp Iskandar and MRT at this point and will continue to push value into the development which completes 3 years later. So how will the yield be reducing in this eviroment. It probably would in those less or non develop area.
Also note, there is no choice except growth in Malaysia or fall like a sack of potato. So decide for yourself and I believe EnO will prevail with loads of partnership in Singapore, Cimb maple! Middle East with Abu Dhabi and japan with mitsui fudosan while property price is still considerably cheap in Malaysia for this region
Malaysia will come out guns blazing at inflation or be a sitting duck . Looking at it we already have all the project in particular MRT and compact development . Ask EPF why they are making withdrawal so difficult for mutual trust if not to support the value and yield to sail throu this tough times. Once they get thru, they will be making max gain.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Saturn
2,148 posts
Posted by Saturn > 2014-01-15 13:23 | Report Abuse
What happen to cheeseburger ? I though he say DEIA fast???? Hahahahah