3 Reasons You Should Invest In High-Rise Property
Source: @chuttersnap on Unsplash
Living in Malaysia, housing has never been much of a problem. There are constantly new developments rising, with govermentally-issued benefits and even homeownership schemes such as HOC and My First Home Schemes (Skim Rumah Pertamaku) and Malaysians are also offered many types of houses suitable to their preference; landed homes, high-rise properties and even townhouses!
But, as the year progresses, we believe that new homeowners may be in a pickle deciding whether they should invest in high-rise property or landed homes. Well, allow us to give you 3 reasons why you should invest in a high-rise home!
1. Easy access to amenities
Most high-rise buildings come with both comfort and convenience especially in a more upscale building where security and other amenities such as swimming pools, gyms, children’s playground and more are offered. Everything is within reach, just a few floors down which is definitely viable in this era of a pandemic, lowering the threat of being exposed to the virus so long as you spend time within your home’s vicinity.
2. Lower price for buy-ins
Comparing landed homes and high-end luxury condos, the price is more or less the same minus the easy access to convenience for landed properties. However, some condominiums are definitely commercialised at a lower price and make great entry purchases for new homebuyers. Like killing two birds with one stone, you get a great deal of comfort, convenience and connectivity at a cheaper price.
3. Higher rental yield
If you are looking to invest in a property for rental, then high-rise is the way to go! Not only are you buying the property at a lower price as compared to landed homes, but tenants are easier to find for high-rise homebuyers especially in locations nearby colleges, within city areas or developing townships.
Long story short, if you were looking for signs on whether you should buy that apartment unit you’ve been eyeing, well this is your sign to do so! Go get that property and get the investment you deserve.