Ex­pert re­veals 10 el­e­ments of prop­erty in­vest­ment hotspot

New Straits Times - - News/Nation -

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.

Az­izi Ah­mad

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