November 26, 2022
Commercial property sector has been one of the most active in recent years. With large numbers of new developments springing up across the country and strategic investment for the future, there is no doubt that the property market in Malaysia is definitely an ideal destination for foreign investors.
Due to its welcoming attitude towards foreign investment and pro-business policies, the Malaysian government introduced a number of initiatives to encourage investment. One of the most significant is the Malaysian My Second Home Programme, which provides foreigners with the opportunity to purchase property in Malaysia. This has helped to drive up prices and made the country an attractive destination for property investors from all over the world.
When considering investing in commercial properties in Malaysia, it is important to have a clear understanding on the buying and selling of properties, being aware of the Malaysian legal system and risks involved in any investment in Malaysia.
A number of new office towers and shopping malls have been built, and there is a growing demand for high-end retail space in recent years. The government has also been encouraging the development of new townships, which has led to a boom in the construction of residential and commercial properties in these areas.
Many investors have seen strong growth in commercial properties over the years and like to see the bricks and mortar they have invested in. Commercial properties are more expensive than residential, before taking up the investment, investors should ensure that they can stomach the risk.
Commercial property investors should determine the reason to purchase the property. If they are buying to rent out, commercial properties have an added advantage compared to residential.
Renting out a property can be a lucrative investment and provide significant income to both investors and brokers. The process of renting a commercial property is different from residential property. Whether it’s an office, co-working space, or building, Propnex guides on how to rent commercial properties and navigates through the process.
There are important points to consider before renting a commercial property. Prior to signing an agreement, proper research is to be done on the market in terms of property demand, rental prices, and landlords.
1. The rent of commercial properties is not fixed, be aware of market price trends before finalising rent costs.
2. Hire a professional commercial property agent to deal with rental trends.
3. Understand and go through the terms and conditions thoroughly.
A plethora of options to choose from but the most important thing is to find the right investment to start.
When it comes to commercial real estate, it has to be approached in an unique way by having thorough knowledge of the market and that the property will reap significant returns on investment in commercial real estate.