Property - Landed house, Condo, Shoplot, Freehold, Leasehold

I decide talk something about property, since I bought 1 last year and I also a beginner. Please correct me if I'm wrong :P

During April 2008 I decided to take up Freehold, landed Kemuning utama, a double storey terrance house - Indah Residence. Located in shah alarm, starting price was 308k but I ended up with 318k due to facing direction more empty landed backyard. 3 +1 room, 4 bathroom and blah blah blah......

Lots of people have wrong concept, you must be damn cash kow only can invest in property. But you never try you never know, I start with 10% initial deposit payment which is 31.8k and some lawyer fee which is around 2~3k + for bank loan. Take 90% loan with 30 years repayment plan, each month payment around 1500+.

Estimated Complete by Nov 2009, here come the story.....
Agent start sending SMS/call asking whether you want to sell your house at 400K ??!!
OMG, the house not even complete ... can you imaging less than 1 and half year time how much is the return ?

Let's do calculation: 10% Deposit 31.8K
Lawyer fee 2~3K
Total Around 34K
Total return (deduct all fee, bank penalty) still making 60k++ Net
around 200% return in less than 1 and half year, fuyoh !!!

Property investment advantage you can use 10% of cash to investment on 100% value for return.

My example 31.8k but you're actually invest on 318k value of property so the return on 318k percentage actually is 20%+ but what you get base on your cash is 200% return, now you see the magic ?

Compare to REIT which share market offer 8% ~ 10% interest return each year, which 1 better ? You tell me...........

From I study recently, landed property good for capital appreciation vs Condo good for rental but not or minimum capital appreciation vs Shop-lot which have both advantage but it need larger $$ at initial investment.

Consider take up 1 now ??