Do you ever feel that you ought to be looking more at investments in commercial real estate in the saturated residential property market? If that is on your mind, you are joining the new wave of investors that wishes to diversify their investment portfolio with the shaky economy.
How big exactly is the commercial property market?
Broadly, commercial property investment is not as straightforward as residential industry. In Malaysia, it is almost sure that any part of residential property will be lapped up the moment it is established, and everyone at some stage of their life will be searching for a home of their own. Some may purchase a piece of residential property and rent it out instead. For commercial properties, there are a whole lot of other considerations.
Location is a very important element when it comes to investment in commercial properties. It could be true that a good deal of people are considering creating their own company, and it would not be too tough to find someone to rent your house start their company, but if the place is not appropriate, the chances for leasing out is slim.
When you want to Purchase a commercial property, look around to see if there are additional residential properties that will support the company. You might want to take a great look at the entire development project, and assess residential population surrounding the commercial lot that you are aiming for.
Also, do check if the Area is a flood area, or are there some other disadvantages. Parking space is a really important factor of concern for any business to thrive in this contemporary world, and you need to be certain there are parking spaces close to the property you would like to invest in.
Sometimes, the success of commercial properties also includes the features contained in the job itself. By way of example, some properties may be handled by the programmer, with facilities like Wi-Fi zone, which makes the industrial blocks into event venues or being selective about the kinds of company and brand name to qualify as tenants. Some commercial properties with such strict standards about tenants comprise BM Utama from the mainland Bukit Mertajam, and Straits Quay in Penang Island.
Both are project Examples of two contrasting backdrop. Straits Quay is a luxury sea facing endeavor by E&O, with very substantial traffic coming out of its branded renters and expensive condos and landed property assistance. Meanwhile, BM Utama is a 7-unit exclusive business lot owned by BM Utama’s property developer, DNP Land, and is supposed to become part of their lifestyle support for its nearly sold-out BM Utama. The 7 units are known as The Gallery, which is available for leasing only, to guarantee the quality of merchants.