Classic apples and oranges comparison.

Personally, I would feel safer to invest in property. Even Warren Buffet thinks that investing in gold is stupid (source: http://www.marketwatch.com/story/why-buffe...pid-2013-04-18)

Btw, developer SPA is strictly governed under Housing Development Act. House buyers will somehow be protected (not fully, of course). The loan will be progressively disbursed by the bank in stages until completion. The buyer will be able to see, feel and touch the property and finally take legal possession.

I am not sure about the whole Genneva's scheme. Is the physical gold in the investor's own possesion? Guess not. If yes, don't think their investors would be making SO MUCH noise if they actually have the gold in their possession.

Plus, buyer must be careful and do a proper due diligence on the developer. In my friend's case, the developer is a public listed company (with good track record) whereas Genneva is a private company.

How could it be the same. Genneva is a scam ponzi scheme, am I right?

http://www.akpk.org.my/learning/articles-a...investment-scam
http://www.thestar.com.my/News/Nation/2014...ra-codefendant/

Tomorrow going to view few unit in I-zen 1.

You can substitute gold with condo. Of course, option to sell back to developer is not available.

Tomorrow going to view few unit in I-zen 1.

Izen 2 is linked to the mall.... may be better choice....   

u mean attached to the the 1mk mall? the car park like shit. worse ever carpark.

Hey dude, be a joker in tat Kopitiam thread is enough la.....   
Coming into prop thread and compare prop with gold investment is making u a real classic joker in lyf.....   

whats wrong with the car park? 

there is a big difference between stockpiling GOLD, and investing via a dodgy ponzi style gold trading investment firm!

recently saw 1MK still under refurbishment. any idea when the completion of the works and any interesting new tenants coming in?

No idea of tat.... hasnt been checking out the place quite some time after my unit tenanted......   

what's the gross yield? was it easy to rent out? (easy meaning can rent out within a month, and more or less didn't have to give such a big discount on asking rental)

Very good rental for small units.....
Tenanted to Japan Corporate, in fact slightly higher than my targetted rental...... ROI is high for me as furthermore i got a good bargain for the unit....
Along Jln Kiara, there is a shortage small units condo.... tat is why u see Arcoris launch with mostly small units, pricey but still good take up rate....

Yes, I know the smaller units are in demand there.

But arcoris, when it comes on-line, may screw up that dynamic!

So anyway, I assume from what you write, it's pretty easy and fast to rent out as long as the asking rental is not too high.?  

Yes, I know the smaller units are in demand there.

But arcoris, when it comes on-line, may screw up that dynamic!

So anyway, I assume from what you write, it's pretty easy and fast to rent out as long as the asking rental is not too high.?  

When Arcoris is up..... more or less the effect will be there..... however looking at the size of the unit, my 1bedroom still hav a decent size of 7xxsf.... as for the new development u dont get such sizes, and as the selling price is already much higher, asking rental will be high too..... So i still believe i will get a upper hand on it.....   
In deed its easy to rent.... in fact i took a while to choose the tenant i wanted.... rejected a few but still in est a month time tenanted out....   

Good to hear that! But, I am aiming for medium size condo la.