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Investing Elsewhere…

Investing Elsewhere…

May 17, 2013 4:49 am0 comments

Hi! Michelle here. Completely off-topic.. last night I was asked by a friend if it was wise to invest on a property in a much different location– in her case, somewhere outside the United States. She was thinking of buying and selling or renting out old condominiums for profit. Her question caught me offguard, probably because we were in the middle of discussing the latest episode of Mad Men, and her question lacked a proper segue.

She considered my “expertise” on the subject, and without hesitation I told her, “yes”. Why not? It’s the best time for real estate right now– especially in Malaysia, Singapore, Australia, and even Hong Kong. Given the fact that I’ve lived in all those locations gave her enough confidence that what I’m saying is indeed– credible.

The world is in your hands! The world is in your hands!

We checked online for properties that can be deemed investment-worthy.. the current trend in Asia is the fast rise of condominiums in cities, especially in Kuala Lumpur and Adelaide. There’s this one nice condo in Bangsar— a happening community, apparently in Kuala Lumpur– that particularly caught my eye. She had her sights on The Troika, another highrise posh condominium in Malaysia. After a few glasses of wine we ended up sleeping on the couch, and woke up holding calculators– probably there was a bit of a drunk-computation activity that happened the previous night.

I’d get back to you and let you know if my friend will eventually hop on the first plane to Asia. 🙂

Take care!

-M.

 

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