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 Your Worst Property Invesment, Share your story

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post Oct 16 2010, 10:03 AM

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Joined: Sep 2009
Venice Hill , Cheras. Purchased at RM249,000 + furnishing RM60,000 (forced to furnish by developer in order to get the 7% guaranteed returns). In the end, sold at RM135,000 few years ago.

After they let it out to a Korean, developer kept the rental and eventually the co. wind up. Do not get even a sen from the rental. Quite messy at the stage when I sold the ppty.

 

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