Property investment is definitely not a short term play. The majority of us do understand this basic rule of the game, but how long do we need to wait before the harvest? The experts reckon that it will take at least five years to enjoy a signifi cant capital gain from property investment, depending on location. For established areas, it may take a shorter time. To better explain how property investment can help you accumulate wealth, let’s check out the growth of average house prices in selected areas in the Klang Valley over the past 17 years based on Savills (Malaysia) Sdn Bhd’s (Savills Malaysia) collection of transaction data from 2001 to 2017. To put things in perspective, if you had purchased a single-storey terraced house for RM150,000 in Puchong, Selangor in 2001, after 10 or 15 years, how big would be the capital gains? According to the data, if the house was sold in 2010, it would probably receive an average price of RM237,500, which means t...
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