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