All The Perks You Need To Know Of Having A Shopping Mall In Your Neighbourhood

Last updated 25 Nov 2020•7 min read

All The Perks You Need To Know Of Having A Shopping Mall In Your Neighbourhood

Although some still prefer to stay within the comfort of their homes and have conveniences come to them instead, the growing trend sees more people invest their time, energy and money within malls.

This is because the role of the modern mall has diversified. It has branched away from the sole purpose of retail therapy. They now play the part of hosting indoor adventure/theme parks, ice rinks, cinemas, and floors upon floors of delectable food options.

As a result of this, a lot more people are looking for real estate investment in highly urbanised areas. And to no surprise, they have specifically honed in on properties close by shopping malls!

So, if people are making serious property investment choices based on its proximity to a mall, what are the perks? Here’s a list for you to consider if you’re looking for properties that are close to malls.

Benefits Of Living Near A Shopping Mall

1) You Are Smack-Dab In The Heart Of The City

Developers of the malls always ensure that their businesses are located with the highest volume of traffic (read: good connectivity).

As a result, your property would most likely be situated in good neighbourhoods, with close proximity to major roads, schools, recreational parks and the business district – giving you convenience and comfort all in one.

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In addition, your safety and security are also assured. The reason for this is because vital services such as emergency care, fire services and police stations are typically located nearby shopping malls.

Because of the centrality of the location, malls act as easily distinguishable landmarks (no more getting your Grab driver lost!).

Moreover, the readily available first-rate public transportations and physical infrastructures in the vicinity would mean you are well-connected to every part of the city (and beyond!).

Plus, if you work within the city centre, say farewell to those long commutes and traffic. You can walk into work with a smile every day!

2) Better Appreciation Over The Years

In general, property prices appreciate steadily every year. Did you know, certain factors can improve the appreciation of your property exponentially?

According to experts, the below 6 factors will almost certainly guarantee property appreciation:

Public transport
High-performing schools
Parks and playgrounds
Retail centres
Natural features and man-made monuments
Office buildings and commercial centres

By seeking out a property close to a shopping mall, you’re ensuring better returns and excellent capital appreciation over the years. Also, as malls are usually built in reputable postcodes, this adds further to this appreciation.

3) High-Speed Connectivity

Another major perk of living close to a shopping mall is the end of lagging network connections and repeated internet trouble.

Business owners are highly reliant on high-speed internet connectivity, but so are the regular folk who need to Work-From Home (WFH) for an extended period of time.

Therefore, developers as well as internet service providers would take this into account during development, and provide the best to the malls and the surrounding areas.

So, your chances of getting hold of the best internet speeds are pretty much guaranteed!

Here are some of the property markets you can consider purchasing, that are located close by some of the more popular shopping malls in the Klang Valley: