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Factors that Affect Real Estate Pricing in Malaysia. A most important factor when considering real estate is the location of the property since in the eye of potential clients or promising residents, locations dictates the value of that property. 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. 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. 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. Since Malaysia is already becoming densely populated, it puts a lot of pressure on the land use with so many people wanting to live there, and so property prices are every increasing for developers. And this is the reason why today, developers are more into building high-rise apartments, condos, and living spaces like these instead of single homes 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. New comers in Malaysia who want to invest in real estate property or who want to go into property development should know that it is ancient architectural design that plays a significant role when it comes to property value. When building homes in Malaysia, you should always remember that the house should embody the vastu shastra and feng sui beliefs of the people, since with this your property will command a handsome price when this sacred bodies of knowledge revealing the connection between humans and their dwelling place in considered than when it is 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.5 Uses For Properties

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