Landed Property or High Rise: The Pros and Cons

One of the biggest factors to consider when buying a property is the type of building. The two most common types of property that can be found in Malaysia are landed and high-rise properties. With so many options available out there, it can be difficult to make a decision. In this blog post, we will delve into the difference and pros and cons of the two types of property, helping you make a better judgement on which type you can go for.

Landed Property

Landed property refers to a home with their own land. The types of landed property in Malaysia are terrace houses, semi-detached houses, and bungalows. Let’s take a closer look at the pros and cons of choosing a landed property.

Pros of Landed Property

Spacious

One of the biggest advantages of staying at a landed property is the huge space it offers. Typically, landed property has more indoor and outdoor space for you to go about your activities. Landed properties often come with a garden and car porch. This is suitable for those who enjoy gardening and being in nature. Having a car porch makes it convenient when you need to make round trips to and from your car. Other than the ample space outdoors, some landed property will extend vertically to 2 – 3 stories high. The large living space of a landed property makes it suitable for larger families especially with older parents and young kids.

Privacy

Staying in a landed property will give you better privacy and peace of mind. Landed properties are more secluded and situated further away from the hustle and bustle of the city. This helps you rest and sleep better at night with minimal distraction. In addition to that, there is a larger space between one home which minimises the chance of being affected by your noisy neighbours.

More Flexible

Landed properties offer more flexibility in customisation. There is no specific house rule that you have to adhere to. For instance, you are free to have pets in your home. Renovation work for landed properties is also not as restrictive as compared to high-rise properties.

Higher Resale Value

Properties appreciate over time. Landed properties will appreciate better as land is a limited resource and a valuable asset, given the location and the type of landed property. Investing in a landed property and selling it later on will offer a better return on investment.

Cons of Landed Property

Higher Cost

Prices of landed properties will generally be higher for landed property. Although the price for a landed property may be cheaper per square foot, the built-up area for landed properties are often larger, making landed properties more expensive.

High commitment

Maintenance and upkeep for landed properties are much greater. For example, garden and landscape maintenance requires a huge commitment in the form of time and money. Furthermore, the cost of repairing and maintaining other utilities should be taken into consideration.

High Rise Property

High rise property refers to a multistory building that is inclusive of multi level resident units under the same land. For instance, apartments, condominiums, or flats are the types of high rise property you typically see in Malaysia. Let’s explore the pros and cons of choosing high rise property.

Pros of High Rise Property

Better amenities

Living in a high rise building provides convenience to their residents. Facilities such as a swimming pool, gym, and badminton courts are readily available to use. Some condos offer concierge service as well! These amenities improve your living experience and have you trouble from finding these amenities elsewhere.

Better Security

High rise properties come with a proper security system giving residents peace of mind. For example, installation of CCTV, having a proper security system in the premise on alert at all times an restrictive areas which is only accessible through an access card.

Lower Maintenance

As high rise properties take up less space, maintenance is lower in comparison to landed properties. Most maintenance is under the responsibility of the management office. There is a 2 year defect liability period for a property after Vacant Possession where the developer will take care of the defects. This reduces the burdens of maintenance and cost associated to it for the owners.

Higher rental returns

The benefits of high rise properties make it a good investment. The demand for renting high rise properties is always there. If you are looking for a passive income through property, buying a high rise unit and renting out will be the best option.

Cons of High Rise Property

Limited Space and Privacy

High rise properties generally have smaller living space in comparison to landed properties. The limited space is due to the close proximity to neighbours. The limited space and privacy will not be suitable for larger families.

Long wait for elevators

Residents of a high rise property will need to wait a significant amount of time for the elevator. It can be troublesome when there is an emergency. Making round trips to and from your car can be a hassle due to the distance of the car park.

Restrictions

High rise properties have house rules which come with restrictions. Some high rise properties do not allow residents to keep pets in their homes, limitations on renovation and insufficient of parking space.

Living in a landed property or a high rise property has its own pros and cons. When it comes to making the right decision, it’s up to your personal preference, budget, and lifestyle. It is recommended to do a survey on the properties and make sure it is aligned with want you want.