Between quality and quantity, which one is more important? When it comes to hard work in which labour is required, then quantity is critical. For example, to carry something you need to have more hands. That is the idea for many project proponents when it comes to development. Many project proponents believe that having higher intensity will bring in better return and yield. That's why most of the time they ask for 4 storey of shop house rather than settle for 2 storey or 3 storey of shop building. Is this true?
Look at Bangsar area, a 2 storey shop lot demanded much more higher price compared to a 5 storey shop building in other area like Cheras or Kepong. Some argue that Bangsar can command such high price because of the strategic location and presence of the affluent society there. However, buildings in Hartamas or Mutiara Damansara also command higher price compared to other area indicated that apart from location, concept of development is also playing a major part in determining the price of building.
If this is true, in other word, quantity itself is not the only pricing factor. Quality is more critical as well.
Tuesday, December 28, 2010
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