This post is in the interest of transparency. My net asset is estimated at RM2.3 million. Most of my assets are held in fixed deposits and investments.
I do not own any house/property. I have always been happy renting. For more than a decade, I was a tenant at the hip and old 1960s Taman Tunku apartments, paying RM1,500 a month. It was a super fantastic two bedroom apartment with sprawling grounds and nice restaurants below. My fellow tenant neighbours were mostly arty and intellectual types.
When I got married, I moved into my wife’s house. She works and has her own money. I paid for the renovations, but the house is 100% owned by her.
When I became a politician, I also made a conscious decision to keep everything liquid on a “just in case” basis. Being a politician and government critic is a relatively dangerous career. Having a house and a mortgage didn’t seem right and I didn’t see the need to speculate on a second home and become a landlord.
I do not have any debt except RM10,400 for my Honda CRV, owing to Parliament. I bought my Honda CRV under a Parliament pay deduction scheme. I am not a car person and see not much value in owning fancy cars. I much prefer books and art. I have two expensive Rolex watches, both were wedding gifts, one from my father and the other from my father in law. The irony is I hate wearing watches but will keep them for my children.
Appended are all 5 pages of my asset declaration.