With a market that’s filled with various types of property, it can prove to be quite the challenge, especially when each have their own unique characteristics. Here are 5 of the most sought-after residential property types.
Low to Medium Range Condominium
Condomiums are high-rise residences where an individual may own a single unit in the entire building. Gaining popularity in the Malaysian urban landscape in the early 1990s, it’s main selling points are the common recreational facilities and security services.
Low range condos may only come with the basic facilities which include 24-hour security service and parking spaces, but some might have other basic facilities such as playground and badminton courts. Medium range condominiums have more facilities which could include swimming pools, tennis courts, gardens and more.
Built on the same concept as low to medium range condos, these residential type offers more prestige and comfort. With space and privacy in mind, these luxury condos are often created as a low density developments featuring modern interior designs and décor in much larger units.
High end security systems, well equipped gymnasiums and large swimming pools with Jacuzzi and lounge areas often come in the package. Visitors and tenants are also greeted with a grand lobby with concierge services. However, units can come with a high price of RM2,000 psf and above.
One of the most common housing formats in Malaysia, terraced houses are usually a row of identically designed houses which share their side walls. Ranging from 1 to 3 stories high, each unit has a small plot of land at the front and back of the house. Get an end unit, it almost always has extra land at one of its sides.
Although this type of property does not come with the security and facilities of a condo, some people like it as it is a landed property with more space and privacy. They also do not have to pay monthly maintenance fee. Prices of this property type vary depending on location and built-up area.
Very similar to terrace houses where they are built in a row, identically designed and sharing their side walls, town houses differ as each building block consists of two residential units. The lower unit usually takes up the ground and part of the first floor, while the top unit occupies the remainder of the first floor and second floor.
Each unit has a separate entrance with a small plot of land on the ground floor. This type of housing projects is normally lower density than terraced housing areas. Hence, the houses are positioned to be more exclusive and more expensive.
Semi-detached houses consist of two houses built side by side sharing a wall. These houses feature small plots of land at one of its side, back and front. They are larger than terraced houses and town houses.
With more built-up area and land area, these semi-detached houses are more expensive. This type of housing project typically features a gated and guarded community for added exclusivity and security.