Expert reveals 10 elements of property investment hotspot
JOHOR BARU: There is never just one factor that makes an area a hotspot for property investment or purchase.
HartanahGuru.com founder Azizi Ahmad, who gave a talk during the New Straits Times Press’ MyRumah Property Showcase 2017 here, said there were 10 elements that prospective buyers looked for when making long-term investments in an area.
“Choosing a developed area with a potentially high investment value can be challenging without knowledge, but it is not impossible.
“But choosing the right investment in the right area makes a world of difference.
“It could give a person investment returns that could last up to 25 years, if there are no unforeseen situations,” said Azizi.
He said the 10 elements that made an area desirable for property investors included rapid infrastructural development; iconic buildings or landmarks such as shopping malls; and education institutions.
“Potential investors also look for an area with aesthetic natural sceneries, or places that command a vantage point for views.
“The availability of healthcare providers such as hospitals is important, too.
“The remaining five elements are entertainment and value attractions such as theme parks; development of tourism boosters in that area; industrial zones; mega-projects exceeding RM1 billion in gross development value; and transitoriented development (TOD),” he said.
TOD is a type of community development that includes a mix of residential and commercial units. It provides facilities embedded into one integrated neighbourhood with a public transport networking system.
In a separate forum, ExaStrata Solutions Sdn Bhd chief executive officer Adzman Shah Mohd Ariffin said hiring a good property manager was a long-term investment that would benefit strata title property owners.
He said property managers, who specialised in stratified properties, would ensure that the stratified housing’s maintenance would be conducted in a more orderly fashion.
He said this was important for owners who did not stay at the units.
“Residential properties such as condominiums and apartment units, which come with service amenities and facilities, are not the responsibility of a single owner.
“It is a collective responsibility of purchasers living at the same property,” said Adzman at the Johor-leg of the property showcase.