I Sold 3 Properties in 2 years!
Yes, after many years buying properties, finally I managed to sell my properties.
The first property I sold was in Penang Island, I bought in 2008 with RM340K and sold it at RM520K after 2 years 9 month. During the 2 years+ period, I stayed in that apartment and renting out one small room at RM500 per month for 1 and half year. I think it is not a bad investment considering a profit of almost 50% in 2 years ( 25% per annum)
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| Property Investment is always the best! |
My third property that I sold was a terrace house in Simpang Ampat, I bought in 2001 with RM170K and I sold it at RM290K in 2013. However, I had been getting rental income around RM1000 to RM1100 per month for almost 5 years since I moved out that house in 2008. That translates to a profit of about ( RM290K-170K+ RM1000x12x5) RM180K, a return of 105% in 12 years ( 8.75% per annum).
My examples clearly show you that it seems that Penang Island property do much better that Mainland properties. I think one thing is for sure, it is certainly better investing in properties than keeping you money in FD or under your pillow.!
13 comments:
Hi Dr Goh, my name is Vevian from Wealth Mastery Academy(WMA) based in Mid Valley, KL. We have an upcoming program on 20 & 21/4/2013 at Swiss-Garden Hotel & Residences KL, it is called the Wealth Summit 2013. It is a great platform for investors and entrepreneurs to find out more about wealth creation opportunities. In light of this, we cordially invite you and a friend to attend this event. If you are interested and RSVP by 19/4/2013 - we look forward to reserve complimentary passes to event for you.
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Hey Dr Goh,
You mention other investment ideas are welcome. I have a lot of friends withing VC and wondered if I could share my opinions based upon the company I am running.
Let me know if you would be interested. chris@comparehero.my
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