We’ve all heard stories of someone who has invested in Malaysian property and got burnt. From horror stories of the estate not having enough funds to pay for a working lift, or to developers running out of money to leave the development half-built, it does seem like investing in Malaysia isn’t for the faint-hearted.
Enter Ken (*not his real name for privacy), a real estate investor who has at one point, lost more than a million Malaysian Ringgit in KL properties alone.
He has had vast experiences as a real estate investor, with a good 26 years up his sleeve. Already well into his late 50s, he constantly jokes by calling himself semi-retired.
His punchline? A true real estate investor will never retire.
He was only in his mid-20s when he first bought his first property in Malaysia. At that time he didn’t have much equity to purchase anything over the budget of S$20K (this was back in the 70s)....