RM78,000 house four decades ago now priced close to RM1mil


(From left) Tan, Khaw and Chin speaking at StarProperty.my Fair.

PROPERTIES are a hedge against inflation as their value increases with time, said full-time property investor Kaygarn Tan.

Citing a single-storey house in Island Glades in Penang as example, he said the price doubled from RM78,000 in 1977 to RM158,000 in 1988.

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