Property consultant predicts educational hubs will shift to Asia after 2020 creating new townships and new demand for property.
One of the fastest ways to build population is to build medical and tourism facilities but building good schools or higher institution facilities is catching up as a sure-fire way to attract population growth. “Not only do these schools attract people with school-going children, they also produce jobs and attract migration from other states. And the best thing is this population is more stable and less transient than that of a township based solely on tourism activities,” says Dato’ Sri Gavin Tee, a property consultant. “When the place becomes vibrant, this would drive the demand for properties particularly near the good schools.”
“A good example is Malaysia where developers have shrewdly built Chinese schools within their developments. As there is a quota to get into good Chinese schools resulting in short supply, inevitably, the population will move in,” says Tee who is also President of Swhengtee International Group.