Landed or High-rise propertiesJune 23, 2020
The dilemma of choosing between both landed and high-rise properties has always been present in the property industry. In fact, both of these properties are mushrooming up across all major cities. For potential homeowners, choosing between both can be challenging as they come with their own set of pros and cons.
The last thing you want is to make an uninformed purchase decision only to regret it later on. To make things easier for you, let us share with you some of the characteristics along with the pros and cons of each.
In big cities like KL or Penang, you will see new condominiums for sale everywhere you go. Currently, the majority of new property launches in KL are condominiums. This makes sense as land is scarce and extremely expensive in urban areas. By having more units stacked atop each other, developers are able to maximize the profit quotient while keeping prices affordable.
Landed properties are usually more popular in suburban areas where they are more affordable. Houses like Pelindung Heights in Kuantan offer bigger space compared to their high-rise counterparts. These properties are usually available as terrace houses and semi-detached houses.
In the security department, condominiums usually offer better security compared to landed houses. Modern condominiums have CCTVs installed with all hallways, and also entrances that require access cards. Most condominiums even restrict access of residents to their own floors. With multi-tiered security, crime rates are definitely lower where you do not have to worry about any pesky salesmen knocking on your doorsteps.
Landed houses usually enjoy better security if they are situated in a gated and guarded community. These communities usually require access clearance at all entry points. However, these are usually high-end properties with a price tag to match.
For landed properties, what you see is what you get. Going to the swimming pool or hitting the gym can be more of a hassle. All of the condominiums that are for sale will use their integrated facilities as a key selling point. Swimming pools, gyms, convenience stores and accessibility to public transportation are some of the basic amenities commonly found in newly launched condominiums. Nowadays, luxury options like saunas and tennis courts are also widely available.
Landed properties in Penang and KL are notorious for having enormous price tags. Land ownership can sometimes be more expensive than the building structure itself. Landed properties that are situated close to the city center will quickly skyrocket in terms of price. If you are willing to commute further, you can get more affordable options in suburban areas.
Basic condominiums are usually great entry purchases for first-time homeowners. As long as you are not looking to get an ultra-luxurious uptown penthouse, price tags are relatively lower compared to landed properties.
Space & Flexibility
Purchasing a landed house means that you own the building and the land it sits on, whether in the form of a leasehold or freehold title. This means that you are basically free to do any type of renovations or extensions to your house, as long as it is within your own private compound. For a condominium, any form of structural renovation is subject to the building management’s approval. Your space is also basically restricted to the unit that you live in.
In terms of accessibility, living in the city center will be expensive for both options. You are more likely to get an affordable condo that is near to the LRT and major highways for better accessibility.
In short, there is no clear winner in this case. Both types of properties make for an excellent home, with each having their own set of advantages and disadvantages. At UDA Property, we want homebuyers to make informed decisions. If you think you are ready, click here to check out some of our new condominiums and landed properties that are up for sale.