buying property is not a sure money making investment


my wife, together with her two brothers, shared a condominium unit at anjung seri. the eldest brother was the initial owner but when he found himself cash-strapped, he roped in his two siblings to help manage the payment.

i think the cost of the unit was in excess of rm$300 000. the monthly conservancy charge was about rm$140. they paid these charges for a few years. it was a nice, two-room unit that overlooked the greens of the octville golf and country club. it was about an hour's drive from singapore. it was after johor jaya and was near to the giant hypermarket.

as it served as a weekend getaway, the furnishing was rather spartan. there were a fridge, a stove, a dining set, a single bed and some mattresses.

i remember going to the place twice and both times we did not stay overnight.

sometime last year they found out that they had no more condo unit to go back to. the whole resort had been stripped of practically everything. all their belongings and furnishings had been removed and taken away. the air conditioners, doors, windows and grills had been stripped. the whole unit was bare. it seemed that all these lootings were carried out in broad daylight.

i still have the label on car windscreen. it serves as a reminder and a souvenir.