Tuesday, April 05, 2011

Volume 3 Issue 14: Two-Cent Economics

What can you buy with RM30 million and USD30 million?

Below are some pictures of ex-Selangor MB, Khir Toyo's house which is rumored to be worth RM24 million. Let us not dwell on how an MB managed to get so much money to buy a house (aka mansion) this big.

Now, for USD30 million, check out the upgrades:

USD30 million translates to something around RM90 million. The castle above is located in the US. Now, compare this to the new Istana Negara that Malaysia plans to build for its king. The estimated cost of the new palace is RM800 million. Correct. About NINE TIMES more expensive than the above palace. Surely, something does not add up.

No comments:

Post a Comment