Hello Everyone, after the shock of depreciation of currency I have some new GOOD NEWS.

The figures I had from the Central Bank of Malaysia, whom print the Kuala Lumpur currency ringgets, have exchange rate charts only over last 10 years.

In 97, there were 2.46 ringgets to the US Dollar, and 4.06 to the Pound Sterling. In 97 CRASH in currency by 50% to 3.66 Ringgets to the Dollar and 6.12 to the Pound.

The Ringget continued to slide in 98, so they pegged to US Dollar from 99 to 2005 at 3.8. Then floated again in 2006. So really they have only been floating 2 years. 2006 and now 2007! The good news is that it has stood its ground and floats 3.68 ringgets to the dollar in 2006 and has strenghtened agains dollar to 3.45 ringgets to the dollar though it has lost strenght against Sterling and Euro. to 6.79 ringgets and 4.61 ringgets to Euro.

So what does all this mean?

In summary since 97, the bad year for asia. It has stayed fairly stable though pegging to the dollar and now it is only falling about a little against sterling and euro. So the currency risk is still there but it does not appear to be too bad. Not 7% a year, but one year 50% and the other 9 years the rest, 2 or 3% probably less now.

The other thing that Asia has is China, Europe has the tax savings directive so maybe the currency will strengthen. Time will tell. Sleep well now investors.

If you wish to get involved in this project let me know. We are working with the developer and we will provide preferential Goldberg and Partners terms for our clients.

Thanks for reading . Darren