Ask Melanie: When money isn't safe in houses

I have HK$4 million saved for the purchase of a rental property. As the housing market in Hong Kong is too hot now, I wish to defer the purchase for about six to eight months. Where should I park this money? Would reits be a good investment? I would be happy with a yield of 5 per cent.

Happiness is surely the prospect of preserving capital, making good short-term returns and swooping on ravaged assets. Luckily, most of us learn we can't have our cake and eat it. If we want a good return, we have to risk our capital, which may not be available, intact, for the next punt.

via Business feed http://www.scmp.com/business/money/expert-qa/article/1070462/ask-melanie-when-money-isnt-safe-houses