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Guide to Properties that Command Higher Prices in Malaysia

Like any real estate undertaking, location is always a primary factor that will dictate the value of that property in the eye of potential clients or a promising resident. In Malaysia, as in any other country around the world, this location factor is very true. Since properties located near a school, a shopping mall, hospital, airport, and any places that provide convenience and safety to people, are very attractive to people, most property owners will command a higher price for these properties. The principle of demand and scarcity which works for different kinds of commodities, also hold true in the real estate business. What drives up the value of the property is the high demand for it coupled with certain purchasing power, and a short supply due to the scarcity of land near the establishments that everyone wants to be near to. On the other hand, if a property has less demand, then its price will drop especially if people prefer locations where they are close to amenities and conveniences. Real estate really works this way.

Living in Malaysia which is becoming more densely populous is putting a pressure on the land use and therefore producing a stiffer rise of property prices for developers. And that is the reason why instead of building single homes with sprawling gardens, developers are not into building high-rise apartments, condos and the like. And, it not only enables the developer to utilize every inch of expensive land that it can take advantage of, at the same time, allowing more residence to take advantage to reside in a more preferred location.

When you are new in Malaysia and you want to invest in real estate property or venture into a property developing here, it would be well to know that ancient architectural design also plays a significant part when it comes to property value. If you build homes that embody the vastu shastra and the feng shui customs and traditions, then this would command a greater asking price than when there sacred bodies of knowledge which connect the humans and their habitat are obviously ignored. This is another part of the economic principle of supply and demand in Malaysia. You should also consider developing properties near a body of water. These types of properties command higher prices in Malaysia than when they are not near one. A property in an area facing a rod junction or is built at a dead end will not have much value compared to a property in the same area which does not have these conditions.Lessons Learned About Properties

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