Examine the principles of good property investment

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Reference no: EM132593113

In 2018 Mr Joseph Lim considers himself lucky. At a young age of 35, he inherited a 250-acre land approved for residential development free of any bank loan from his late father who passed away in 2016. Please refer to the site plan. Unlike many of his friends who probably are contended with the said land, Mr Joseph is considering to acquire a new adjoining 5-acre of the land which has been approved for a commercial development. He thinks it is a good investment opportunity. Refer to the site plan.

Mr Joseph Lim has some knowledge about property development as he had worked under his late father for 10 years before his father passed away. However when he consulted his friends about the prospect of developing the out-of-town business center, many discouraged him citing the existing two retail/business centers located across the road.

Not feeling giving up, at this point Mr Joseph Lim approachs you for a good advice, considering You are a registered valuer and have worked in the Klang Valley for the past 10 years.

As for Mr Joseph Lim's 250-acre land approved for residential development, he foresees no major challenge so long as he is resilient. He knows that property cycle usually lacks behind economic cycle when business improves.

Examine the principles of good property investment with respect to the out-of-town retail development.

Reference no: EM132593113

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