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New Straits Times - - Property - KHAIRUL ASHRAF KAMMED DATUK SERI MICHAEL YAM

O mat­ter how the coun­try per­forms eco­nom­i­cally, one thing we should do with our money is to in­vest in real es­tate.

Real Es­tate and Hous­ing De­vel­op­ers’ As­so­ci­a­tion Malaysia for­mer pres­i­dent Datuk Seri Michael Yam said one would never go wrong with in­vest­ments in brick and mor­tar.

Yam, who has been through four re­ces­sions, used to think that the coun­try would go down and the over­all mar­ket would be neg­a­tive af­ter each re­ces­sion. How­ever, he was wrong about it.

“I thought ev­ery­one was go­ing to be pau­pers liv­ing in the streets, yet some­how those neg­a­tiv­i­ties were di­min­ished.

“There is a lot of fear out there to­day, whether it is about the Is­lamic State or com­mod­ity prices drop­ping. This has brought about the fear of whether to in­vest or not.

“Please look at some­thing which is en­dear­ing and en­dur­ing for your in­vest­ment.”

For­mer pres­i­dent of Real Es­tate and Hous­ing De­vel­op­ers’ As­so­ci­a­tion Malaysia

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