Factors affecting commercial property value

• Main Authors: Ping, H. L., Jemes, J., Fung, L. K., Yin, N. P., Maidin, N. A., Rahman, M. S. A.
• Format: Article
• Published: International Journal of Scientific and Technology Research 2019
• Subjects: HT101-395 Sociology, Urban
• Online Access: http://eprints.utm.my/id/eprint/91599/; http://www.ijstr.org/final-print/dec2019/Factors-Affecting-Commercial-Property-Value.pdf.
• Institution: Universiti Teknologi Malaysia

Commercial property in real estate is an asset that makes commercial profits, including shops, malls, office buildings and industrial parks. The objective of this study is to determine the factors that affect the value of the commercial property. It determines the factors that affect the value of the commercial property, whether the value of the commercial property rises or falls. The findings show that economic factors, transport, land use, quality design requirements, energy efficiency, etc., have an impact on the price of commercial property. In order to do these, market changes will have an impact on the value of commercial properties and require further action to overcome and accommodate them, i.e. policy review further research.