Hi, very interesting topic.

Would like to 'tap' all the experienced minds here I am interested in buying a property (my very first property!) in the 200K - 250K range, in the short term (<1 year), as I believe this would be a good time to enter (recession).

For that range, what are some of the areas in KL/Selangor that you would look at? In your previous posts you mentioned Kota Kemuning etc. What are the other places that you would consider, especially for landed property and new developments(in both mature locations, or new/upcoming areas) . I need some suggestions on general areas as well as on specific developments, as I have just recently relocated to KL, and do not have a good idea on the hot locations/ new developments here. I would be looking to scout these areas, therefore any help would be greatly appreciated

(For the short to medium term, I believe that properties would be a safer bet, compared to equities. Reasons are that we do not know if the market has bottomed out, especially for the Malaysian market, and we're not even sure IF it will bottom out. There is a lot of volatility, and even if you do invest now, many stocks are UP since the low of October/November 2008(could very well be speculation). Knowing this, and the fact that the market direction in the short/medium term is unknown, I deem this risky. Therefore, properties would seem to me to be a better investment, less risky or rather more solid(properties have always been more resilient in a downturn/recession historically, wherever you go). Invest in properties, wait for a couple of years maybe 5 years, or wait till its 'stable'/hit rock bottom, and when the stock market is on the upswing, it still wouldnt be late to enter. Mind you, the stock market would not recover to anywhere near the 2008 highs, as the world economy is in recession, therefore no worries of missing out on LOW counters anytime soon At least that is my plan for the short to medium term)

This post has been edited by benjinn: Feb 9 2009, 03:01 AM