“Location, location and location.” The most common answer a property investor get when they ask for the 3 most important factors when it comes to buying property for investment purpose. Most property investors are told to buy properties located in the property hotspots, such as properties located at the Golden Triangle in Kuala Lumpur. The Golden Triangle is the areas between Bangsar, Petaling Jaya and Kuala Lumpur. Although not within the Golden Triangle, The Como Bukit Jalil is worth checking out as Bukit Jalil is slowly expanding to become the next property hotspot. This article will guide you in determining property hotspot.
Hence, if you are planning to go into the property investment bandwagon, make sure the property you choose is within a 5 kilometers radius from your property to offices, education institutions, shopping malls, and entertainment spots. However, do bear in mind that it does not necessarily mean that a mixed development is a great investment hotspot. 2. The population The current new hype in the property investment sector is the integrated mixed developments. The integrated mixed developments are townships that deliver a wholesome lifestyle that include commercial centres, international schools and green parks within the vicinity. However, the density of the population in the area plays an important role in deciding whether the integrated mixed development is a popular development or not. Let us say you build a township in Rawang where housing demand is low, then it is very unlikely that the demand for the properties in the area will be high. However, if you were to build a similar township in an area where population is already high, then it like most likely that the development will be sold out like hotcakes. This is simply the demand and supply logic. The demand and supply ratio is a key of the property price growth. However, there are exceptions also with some areas that are overdeveloped with little tenants. For example, Mont Kiara. There are many assumptions that Mont Kiara is a good location for property investment as Mont Kiara is a township with good connectivity, education institutions and amenities. However, there are still many vacant houses or condominium units in the area. 3. Research of big boys One of the easiest ways to know a property hotspot is to go after the big boys. By any chance you heard any rumours that Aeon Supermarket is going to open a store in an area, the chances of property investors searching for properties in the same area are going to be high. This is due to the extensive research on population is done by their R&D team before deciding to open a store in that particular area. Other franchise that is worth following is McDonald’s. The biggest asset for McDonald’s is not their burger or fries but it is their location. If you notice, you will see that each and every McDonald is located in a blooming location, and that the location is decided only after an extensive research on populations in the area. 4. Unexpected catalyst Finding a catalyst is also one of the ways in determining property hotspot. Examples of unexpected catalyst are universities and industrial areas. The establishment of universities and industrial area will need a number of houses for students, tenants and workers. Most of the time, only regulars will know the establishments and the public will not get any news of the new establishment. For instance, Taylor’s Lakeside University. The area was sort of a dead town before the university was built. However, property investors start doing research on the area once development of the university started, although there were not any news published regarding the development. As a result, handsome profits were made by those who were quick to find out the development as the prices for the property have increased approximately a hundred fold in value after the completion of Taylor’s Lakeside University..Therefore, it is important to stay alert to get the newest latest news on new expanding infrastructure. In conclusion, if you are a newcomer in the property investment sector, do not be intimidated by those who tell you to invest in property hotspot of Kuala Lumpur. Having properties in property hotspot might not 100% guarantee you a good profit. That being said, a low cost apartment might get you a beautiful profit if you put in effort in your property investment journey. Remember to check out more about The Como Bukit Jalil at https://www.propertyguru.com.my/property-news/2018/1/168634/home-is-where-the-heart-is
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