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Old 28-04-2008, 04:32 PM
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900 - I reserved a water bungalow on the Sepang Gold coast palm but withdrew. Not a bad investment but the devloper was very unprofesional despite all the platitudes from agents. For example I (and others) were put off by the website that was exactly like that a novice amateur home website builder would deliver.

Furthermore there were no photos of the beach despite lots of requests.

In the end why should I put up with such poor delivery. If I was the chief of that developer everything would be preofessional and investor freindly. Why on earth should I beg for such simple things as a phot of the beach - afterall the beach is pretty fundamental!

Also I was'nt sure about capital appreciation. It seemed that all you were really doing is stumping up the money for a hotel (albiet a palm shaped one) to be constructed with ownership of an income stream, but again many questions remained unanswered and the so called rent guarantees had a lot of holes in them.
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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year
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