In the strategic property locations such as Kuala Lumpur and Petaling Jaya, you’ll be surprise that even traffic congestion there has not lessened the values of these areas. Their attraction sometimes has to do with tradition. Generally, people are naturally drawn to certain areas and are not drawn to others. This has been the town planners nightmare. They draw plans proposing certain areas for development and those areas fail because they are not attractive enough to people.
If a property location is so important, that should be our primary concern when we are doing our investment research. To find the right property location in Malaysia, firstly the location should be good. One that is popular and has a lot of amenities. However, the location may be a new one and untested in the market. So what should you do in this case? In such a case, you have to look at the surroundings. Avoid if you can places such as ex-mining land, ex-dump sites and hill slopes.
Those are places with hidden problems for if the developer does not take precautions and do a good job on the foundations. You could have problems with sinking floors, cracked walls, unstable roofs and landslides. Retaining walls have been known to crumble and roads to collapse. You could also be subjected to unwanted smells and diseases in the case of ex-dump sites. Other undesirable locations are the surroundings occupied by squatters, graveyards and sludge ponds. Of course, there are those who will not like house located at T-junctions, near busy roads or other nuisances such are petrol stations, restaurant and next to a school.
Finding the right property location in Malaysia will depend largely on what the public prefer. The “ideal” location should be one which is attractive to most people acting as a natural magnet drawing people naturally to the area. Read More about PerumahanSyariah