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Sunday, August 7, 2011

Commercial Property Buying Tips

Today was the 2nd day of the Property Investment Convention, which was again packed with information.  Here I pen down Gerard Kho's  (Reapfield) commercial property buying tips:

1. If you bought a commercial property from the developer, hold it for 3 years after vacant possession before selling.  That's because from his analysis, prices go up following the 3-year maturity rule.
2. Choose properties that have booming business all around - you can tell from the limited parking space.
3. Choose properties that face massive activities, not just the main road.
4. Choose properties that have residential homes supporting the shops.  Not a row of shops out of nowhere along the highway.
5. Choose areas that are big magnets (draws crowd). For example, Mont Kiara and Ampang are big magnets to expats in Malaysia because of availability of international schools and existing friends who live there.
6. More floors to the shop office does not equal more value.
7. 5 commercial property hotspots suggested are: Solaris Dutamas, Sri Kembangan, Kota Damansara, Kota Kemuning and Puchong.

7 comments:

  1. eun-yong, so you will apply these tips when acquiring your commercial property ya!

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  2. sure sure. then lose at bidding.. hahahaha

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  3. Thanks for sharing those tips. Those things would really help the property buyers.
    ______________
    Pia | Philippines properties for sale

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  4. Thanks! Seems like PIC 2012 is going to be launched. http://propertyinvestmentconvention.com/

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