Yes it can, some persons can actually zap all the good feng shui out of a premise. Notice the area near PWTC?? Notice how that area keep failing? Guess whose office is nearby there? Sometimes being near it is also bad.

Sometimes things can be a bit different too.

11 odd years ago, when things first settled down with the wife and her family, they were pressuring her to pay them some money for her education as they were dead broke. I decided to be a bit "smart" and asked her father to sell me the house he had mortgaged to get the money to send her to Britain for her studies. He agreed and I did manage to buy it off him for quite a good price. It was her late grandfather's house, after he passed on several extensions were built at the sides and rear and basically a newish facade with gigantic roman pillars were put up (remember how such things were in vogue during the 80s)

I bought it in view to demolish it as I was planning to start a company that had the capability to perform hydro-demolition and cold cutting steel. The house had a gigantic sized altar in it and I consulted with a Feng Shui master and medium as to how best to deal with that altar and also what type of structure I should build on it. He told me he would help me remove the altar but I should not demolish the house, instead find out how the house used to be and keep it to be as near its original condition as possible. Good thing 9 houses away there was an example of a similar house that did not have any renovations since new and wife found me some photos of how the house used to look when she was born and also as a teenager. Feng Shui master said the house held some very good feng shui to it and he said the energy from it was something he had never felt before, he told never to ever sell the house as bad things could happen. 

I gave the house a fairly good modernization and restoration job, cost me a shit load of money spent more than I paid for the house on the restorations. Made sure the 2 lion statues by the front porch was fully protected.

Weird shit or coincidence? Not long after my FIL sold me the house, his developer company was sued by a consortium of buyers for LAD and defects that were so major that company lost close to RM4,000,000 while myself not long after I had the house ready for its tenant I received a promotion and in 9 years of working it was my first time receiving a raise that was significantly above inflation, was given a 35% raise and 3 months bonus which was something I never thought it my lifetime I could get as by contract I have a raise that is American CPI+1-3% MAX. In fact I had to double check with HR to make sure it was actually 35% and not a typo where it is 3.5%

I rented the house to this China national who at that time drove a 10 year old Toyota Corolla and mainly imported China food products in bulk and sold them on to the local specialized shops. Not sure why I rented it to him as at that time if you told me you were from China I'd say goodbye to you. Anyway I rented it to him he said he wanted to use the rooms to store food stuff and paid 12 months rent upfront.

A year later, when I visited the house he had a new Honda Accord and a Hilux. He then told me he wanted to pay rent 24 months in advance and never bothered asking me to reduce, I seriously wondered if he was a money launderer so I asked him to explain to me what does he actually do these days. He told me he imported many of the sauces and condiments from China then sold it to grocery shops, restaurants and also had a delivery business in addition to his own shop. Then he said he also bought seafood then blast froze them and exported it to China. Then while leaving I noticed there was raw pork inside the mouth of those 2 statues. I asked him why he did that, he told me a Feng Shui master told him he needed to do that to keep him and his business safe. i thought hmmm..... 24 months later he offered to pay more rent and paid 36 months upfront, said he didn't want me to do absolutely anything to the house. I thought strange stuff because the Accord was gone, it was replace with a Mercedes and the Hilux was replaced by a FJ-Cruiser. He then told me his business had been very successful and he had 15 staff working for him also. After that when I saw the house 36 months later, he had on his own initiative had repainted the house. He had 4 very expensive cars in the driveway including one Aston Martin and he told me he will pay 60 months rental upfront and after that he is retiring. He then told me he actually owned 7 houses in Malaysia and 1 each in Shanghai, Beijing and Shenzhen but he preferred to live in the house.

You already know what happened to my FIL.