31 March 2011

Investing in Death!

Woooo!!!! Wait!!!!

Why would you invest in death? Im a muslim and I believe in "investing" in my eternal after-life by doing good deeds in my evanescent existence. But investing in death? How's that??

I came across a headline on MSN news about "Investing in Death" and it just captured my eyes instantly. Read this!

Blissful Memorial Park management executive Shoggy Teoh said investing in burial plots was a growing trend that made good financial sense.
“Burial plots provide a good opportunity for people to invest in freehold landed property - even a low-cost flat costs at least 70,000 ringgit these days"
“But with burial plots, you only need a minimum investment of 30,000 ringgit and, like any other property, prices tend to rise," he said, adding that one of their customers recently bought 12 burial plots for investment.
Blissful has memorial parks in Sungai Lembu, Bukit Mertajam, and Sungai Pasir, Sungai Petani.

NV Multi Corporation Bhd chief operating officer Au Kok Huei said the company recorded monthly average sales of RM25mil with “pre-bookings”, comprising 95 per cent of business.
“Making funeral arrangements is no longer taboo. In the last 15 years, more people have become aware of the importance and practicality of making prior arrangements," he said.
“Some parents even bring their children to Nirvana requesting burial plots for their birthdays. A large chunk of our sales comes from pre-bookings rather than actual funerals."

Au said "more than 70 per cent of the company's burial plots and niches were purchased by the middle-income group.These plots are below 100 ringgit per sq ft, so a single plot would be about 12,000 ringgit. The high-end plots can cost anything from 120 ringgit to more than 200 ringgit per sq ft," he said.

NV Multi Corporation manages the Nirvana Memorial Parks around the country. Eternity Bliss Enterprise manager Jackie Lau said single burial plots used to cost between 2,000 ringgit and 3,000 ringgit but the price had now doubled. She said unlike other cultures, it was taboo for Buddhist family members to be buried in the same plot, hence the demand would always be strong.

I'm not sure how to react after reading this. Speechless + almost laughing! No offend but it looks like NOTHING is free anymore these days, huh. Even dying cost you a bomb!

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