The Borneo Post

IProperty.com.my: High-rise properties near lush greenery achieve high capital growth in 1H22

The National Property Information Centre (NAPIC) revealed in September 2022 that the Malaysian House Price Index (MHPI) increased marginally by 0.5 per cent on a year-on-year (y-o-y) basis in 2Q22.

This announcement is not surprising given the ongoing economic challenges such as high inflation, rising interest rates and political uncertainty. Nevertheless, the prices of select high-rise properties in prime locations in Malaysia with upscale features have continued to appreciate.

Therefore, as part of its efforts to provide potential investment opportunities, iProperty.com.my has identified the top high-rise residential properties in Kuala Lumpur, Selangor, and Penang with the highest 1H22 capital gains.

“According to NAPIC, high-end residential property transactions in the RM500,000 to RM1 million and the RM1 million and above price category had a substantial 36.3 per cent growth in 1H22,” PropertyGuru Malaysia (PropertyGuru.com.my and iProperty.com.my) country manager Sheldon Fernandez said.

“Interestingly, most of the high-rise properties on our list fall within these price categories, which shows that properties with the right variable are untouched by the post-pandemic effects.

“The majority of the properties focus on luxurious living with excellent architectural design, lush landscaping, and strategic location near green spaces.

“Together with winning factors such as good connectivity and proximity to reputable hospitals and education institutions, these high-rise properties are ideal for long-term investments.”

In Kuala Lumpur, South Brooks in Desa ParkCity tops the list with the highest capital growth at 10.3 per cent.

In addition to providing clublevel gymnasium facilities, the condominium boasts a landscape with tropical pocket gardens.

As South Brooks is within the affluent Desa ParkCity enclave, it has the advantage of being connected by various highways.

A renowned international school and private hospital are also a short distance away from South Brooks.

Select high-rise properties in Bukit Jalil also emerged as winners, registering between 3.3 per cent (The Z Residence) and 7.5 per cent (Park Sky Residence) in capital growth.

The price growth is spurred by each property’s emphasis on green living and proximity to Bukit Jalil Recreational Park.

Meanwhile, Anyaman Residence in Sungai Besi and Laman Sceneria Kiara in Segambut achieved capital growth of four per cent. Both housing developments provide luxurious living spaces and calm surroundings for residents.

Two hillside properties, Koi Kinrara Suites in Puchong (16.1 per cent) and Venice Hill Condominium in Cheras (15 per cent), gained the highest capital growth in Selangor.

These high-rise developments appeal to urbanites who prefer green living environments and modern condominium amenities.

Regarding accessibility, Koi Kinrara Suites is well connected to major highways and is located nearby reputable tertiary educational institutes.

Meanwhile, Venice Hill Condominium which is located on a hill, enjoys huge demand from expatriates for its scenic view of Kuala Lumpur City Center.

Setiawalk Residence is another property in Puchong with a double-digit capital growth figure of 12.6 per cent.

The service residence is popular among small families and young professionals as it is in a mixed development consisting of retail lots, offices, restaurants, and entertainment outlets.

Apart from offering facilities along green landscapes, the property is strategically situated in the heart of Puchong.

In Seri Kembangan, Aman Heights Condominium reaped a capital growth of 9.2 per cent due to its peaceful surroundings, verdancy and tropical resort architecture.

The condominium has attracted residents who prefer to live in a less hectic suburban area without sacrificing connectivity and access to commercial sites, educational institutions and medical centres.

In Penang, All Seasons Park in Ayer Itam achieved the highest growth with 19.7 per cent because of its clubhouse facilities and an exclusive park with different landscaping themes, water features and hues of greens in keeping with the four seasons theme.

Situated along Lebuhraya Thean Teik, residents can easily travel to other parts of the city.

Another development, Golden Triangle, gained 6.1 per cent in capital growth and is located in the middle of three prime locations - Relau, Sungai Ara and Bayan Lepas.

A highlight of this condominium is that residents can enjoy the view of 1.9 acres of green open space.

The development is also accessible via the Tun Dr Lim Chong Eu Expressway and is close to the Penang Bridge and Penang Bayan Lepas International Airport.

Other projects on the island round up the list - The Tamarind in Tanjung Tokong (2.9 per cent) and Imperial Residence in Sungai Ara (2.8 per cent).

The resort-like design of The Tamarind is ideal for young professionals and families looking to live a seaside lifestyle while being close to The Gurney Drive area.

Meanwhile, the main attraction of the Imperial Residence is its spacious layouts, inspired by bungalow and semi-detached homes.

Similar to the Golden Triangle, it is near the airport and the Penang Bridge.

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2022-12-06T08:00:00.0000000Z

2022-12-06T08:00:00.0000000Z

https://epaper.theborneopost.com/article/282351158805850

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