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 RM70,000 these days.
“But with burial plots, you only need a minimum investment of RM30,000 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% 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% of the company’s burial plots and niches were purchased by the middle-income group.
“These plots are below RM100 per sq ft, so a single plot would be about RM12,000. The high-end plots can cost anything from RM120 to more than RM200 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 RM2,000 and RM3,000 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.
[Source: The Star, 27 March 2011]
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