Landed vs. High-Rise Properties : Which to Choose?

What is a Landed Property?

Landed Property is a type of residential property that stands on the ground and has its land area. There are few examples of landed property in Malaysia such as bungalows, detached houses, semi-detached houses, villas and terraced houses.

Advantages of Landed Property in Malaysia

Let’s take a look at some of the benefits of choosing landed property:

1. Privacy

Landed properties mostly offer greater privacy compared to high-rise apartments or condominiums. You can have your own land and more distance between your property and your neighbors, which less noise disturbance and a peaceful living environment.

2. Larger Living Space

Landed property usually comes with larger land areas which allows for more space both inside and outside the house. It is suitable for bigger families who need more room for their children to live together and play around the house.

3. Higher Resale Value

The potential for long-term price appreciation of landed properties largely depends on their location and the availability of nearby infrastructure. Therefore, it often makes more sense to retain these properties for at least five years or longer before considering selling them to maximize your investment returns.

4. Less Restriction

Unlike high-rise property which requires compliance. In your own landed house you are the rules. you will never be faced with the problem of having to comply with specific pre-established rules of occupancy. Whether you wish to host a party, play music, or keep pets, you have the freedom to do so within your property without external restrictions.

Disadvantages of Landed Property

While landed property seems like a great option, it has other disadvantages:

1. Higher Price

When you buy a landed house, you are not just getting the building but the land it is on too. Developers can only put a certain number of houses on that land, which drives up the house’s cost. So, the total price is likely to be much more than a high-rise property. However, it also depends on the area you are buying your landed house too. Urban areas tend to be more expensive than outskirt areas. Make sure to do your research before you buy a landed house!

2. Higher Maintenance Cost

When you own a landed house, you will need to budget for repairs, maintenance and ongoing upkeep costs in addition to your regular expenses. Unlike condos, maintenance is to be done by the house owner him/herself. In a condo, you’ll have a management team to help you with maintaining your condo. You do not have to worry much about maintaining and if there are any issues you could report it to the management and they’ll help you fix it.

3. Insufficient Security

Unless you pick a house in a planned neighborhood with security guard services or install a home alarm system, landed properties are typically more vulnerable to break-ins, particularly older houses with lower gates and flimsy wire fences. So make sure to upgrade your security system if you are living in a landed house.

What is a High-Rise Property?

A high-rise property is a type of residential property that stands on the ground and has its land area which are typically built in multi-story buildings and share common areas. For example, it included condominium, flat, apartment and service apartment. This property is usually popular in urban areas where land is limited and can make efficient use of available space.

Advantages of High-Rise Property

There are several benefits to choosing high-rise property:

1. Effective Security System

High-rise properties typically come with basic gated-and-guarded aspects to boost safety. In addition, some high-rise properties provide added conveniences such as smart door locks, elevator access cards, and comprehensive CCTV surveillance throughout the premises to further enhance the safety and security of residents.

2. Price Advantage

In terms of the price per unit, high-rise properties are typically much more affordable than buying a landed property with a similar-sized built-up area, making them a great choice for first-time homebuyers.

3. Facilities

High-rise property usually features various facilities to residents such as swimming pools, gymnasium, as well as restaurants within the buildings. Especially service residences, this type of property usually has a shopping mall or shop lots below them. It’s super convenient, hence the price are slightly higher than condos or apartments.

Disadvantages of High-Rise Property

While there are numerous advantages to living in a high-rise property, there are also several drawbacks to take into account:

1. Smaller Space

Most high-rise property is typically smaller than a landed house. Families with growing members may discover that the space is inadequate or feels cramped.

2. Maintenance Fees

High-rise property residents are often obligated to pay maintenance fees to cover the costs of maintaining and repairing the building, as well as contributing to sinking funds for future expenses.

3. Restriction

Residing in high-rise properties often entails adhering to certain restrictions, including keeping of pets, limited parking space, as well as noise concerns.

If you’re planning for a long-term home and have a growing family, a landed property is well-suited as it provides more space, freedom and privacy. Meanwhile, if you prefer to have basic facilities, a high-rise property is worth considering. High-rise property is highly recommended for first-time homebuyers too. Since, during the young adult phase, they are likely to require a smaller space compared to families who needed a landed house to accommodate their children and spouse.

Besides these factors, consider the property’s location to truly find your ideal home.

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