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Guide to Properties that Command Higher Prices in Malaysia Location is a very important factor when looking for any real estate property since it 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. If a property is close to school, shopping mall, airport or any other place which can provide convenience and safety to the people staying in that area, a higher property value would intrinsically follow since it will attract more people allowing the owner to strongly ask for something more. What this shows is that the principle of demand and scarcity also hold true in the real estate business just as much as it works for any consumer appraisal of any kind of commodity. The property values will be driven up by the condition of high demand coupled with a certain purchasing power and a short supply due to the scarcity of land that is near those community establishments that every resident wants to have a privilege of. Similarly, the property values will experience a steep decline when people’s demand for that place is less due to a more preferred location with more amenities or conveniences. This is just the way real estate works. Malaysia is becoming more densely populated and so living in this country puts a pressure on land use which produces a stiffer rise in property prices for developers. This is also the reason why high-rise apartments, condo’s and the like are sprouting in exchange to a single home with sprawling gardens. 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. If you want to invest in real property in Malaysia as a new arrival there or if you want to go into property development there, it would be good for you to know that what plays a significant part when it comes to property value is ancient architectural design. 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. In Malaysia, this is also a part from the economic principle of supply and demand. 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. Building a property facing a road junction or a property on a dead end street will not be given much value by the people compared to a property in the same area which does not have these conditions.The 10 Best Resources For Homes

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