Do Malaysians still prefer landed homes over apartments?

Question

Accepted Answer

Malaysians Continue to Show a Strong Preference for Landed Homes

Malaysians overwhelmingly favour landed properties over stratified developments, including apartments and serviced residences. Terraced houses, encompassing single-storey and two to three-storey units, consistently emerge as the top-selling property type, underscoring a deep-seated preference for homes with individual land titles. This inclination towards landed residences is evident across various states, including primary markets like Johor and the Klang Valley, as well as secondary and tertiary towns, provided the pricing remains reasonable.
Landed Properties Dominate Sales Performance

Terraced houses, available in both single-storey and multi-storey configurations, have maintained their position as the best-selling property category. This sustained demand highlights the enduring appeal of owning a landed home among Malaysian buyers. Even in areas where land is expensive, such as Penang, developers find that landed projects are constrained, leading them to focus on stratified schemes. However, despite these market dynamics, buyer preference demonstrably leans towards landed units.
Developers Prioritise Landed Projects in Prime Areas

In strategic locations like Johor and the Klang Valley, developers commonly prioritise projects that offer higher demand and lower risk, which typically translates to landed homes. This strategic decision-making reflects the consistent market appeal and sales performance associated with landed properties. The preference for landed units is not limited to major urban centres; even in smaller towns, well-priced landed properties continue to perform strongly.
Serviced Apartment Demand Remains Steady in Specific Markets

While the overall preference is for landed homes, demand for serviced apartments has shown resilience. This steady demand is particularly noticeable in areas where land costs are exceptionally high. In such environments, serviced apartments can offer a viable alternative or complementary product to landed housing, catering to specific buyer needs or investment strategies, even as landed homes are quickly acquired.

Reading history

Hide →

This history is cleared when the page is closed.

Do Malaysians still prefer landed homes over apartments?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends