Location does matter in property business

Datuk Sim Kiang Chiok.

By TANIA LAM

KUCHING: When it comes to property, there is no denying that location is one of the prime considerations. Location can even potentially make or break a business.

Sarawak Housing and Real Estate Developer Association (Sheda) vice president and Kuching branch chairman Sim Kiang Chiok commented that location was also significant in relation to the type of business.

Sim Kiang Chiok

“Businesses dealing with food and clothing provide our basic human needs, so they need to consider areas with high density of human population with good incomes or disposable incomes,” he said.

When asked about his viewpoint on areas in Kuching, Sim highlighted Tabuan Jaya, Jalan Song and Samarahan (near Unimas) as good locations.

“Upcoming areas are Petra Jaya, Batu Kawa and Kota Sentosa,” he added.

According to Sim, the demand for commercial shoplots nowadays is still good, provided that they are in promising locations.

“Shoplots at secondary locations might receive poor response at this time when banks are not so generous in their lending policy.”

In terms of choosing a location, businesses should observe international fast food giant McDonald’s tactics.

“McDonald’s business philosophy is always location, location, location. Their success is still evident until today,” Sim noted.