Some Good Quote From Guru - Milan Doshi

One key skill that you must develop to become a professional property investor is to acquire the ability to accurately see into the future as property investment is for the mid- to long-term. As you acquire more knowledge and experience over the years, this skill will somehow become second nature to you.

For example, when I arrived in Kuala Lumpur in early 1994, I took a long drive (there was no SPRINT expressway back then) from Bangsar Baru to check out the landed properties in Taman Tun Dr Ismail. Back then, the land at Bandar Utama was just being cleared and I was wondering why anyone would want to stay in a property so far away from town. If I recall correctly, double story link houses in Bandar Utama were sold for around RM350,000 then. 16 years later in 2010, house prices there are more than RM750,000.

Today, I know of a few upcoming and better designed townships that reminded me of the Bandar Utama of 1994. Having seen how Bandar Utama and its surrounding areas have transformed, it’s not too difficult to imagine how these new townships will eventually look like in the hands of a reputable developer. Hence the risks for me to invest in these new townships are much lower compared to someone who is just starting out.