Landed VS High-Rise Property
While price is usually the main component that distinguishes landed property from high-rise property, there are several other important factors to be considered when it comes to these two types of dwelling.
High-rise properties are always associated with maintenance fees due to facilities like gym, swimming pool and security systems. Maintenance fees are required by all residents regardless if they are using the facilities or not. Potential buyers should look into the performance of the building management because an incompetent management will drive the property price down and reduce the saleability of the unit. When it comes to making a management switch, property owners are powerless unless majority residences come together in agreement.
For a landed property, maintenance of the premises is entirely borne by the owner unless the house is within gated and guarded community. Owners are able to determine the kind of facilities he/she needs and pay only for those. This also means that the proprietor will not be able to enjoy facilities like gyms or swimming pools. Without shared resources from other residents, it is not feasible to maintain such amenities unless the owner has sufficient funds.
With a surplus of high-rise units and land being scarce, prices of landed properties are sky-rocketing. Middle-income earners now find it hard to own landed properties. Investors who are looking for capital appreciation should consider holding on to landed properties to make the most out of the situation. High-rise units, on the other hand, experience a slower rise in value but are more economical as they usually demand a lower price.
Unless a landed property is overlooking a scenic beach, there isn’t much to offer from an aesthetic point of view. Residents of high-rise properties, on the other hand, could have a bird’s eye view of the city below. In a city that is filled with skyscrapers, high-rise units also enjoy better ventilation and lighting.
Owners of high-rise properties are often subject to more rules and regulations as the population density is higher. For starters, most high-rise properties do not permit pets. Landed property owners are less susceptible to such rules. They also have more leeway to renovate their property and add extensions.
As many Malaysians still rely on cars or motorcycles as the main mode of transport instead of public transportation, the parking space provided by landed properties offers a huge convenience.
High-rise apartments have limitations when it comes to the number of parking spots available. Some residents are even required to pay a premium to acquire a parking lot in the building or find a place outside to park their vehicles.
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