With rapid development in Malaysia and the ever-increasing population, much land area has been cleared for commercial and residential projects. This has led to dearth of land which resulted in the upsurge of high-rise residential buildings; apartments and condos. Though high-rise living has become quite popular in recent years, some still prefer to live in landed properties such as terrace houses, semi-detached and bungalows. In fact, each property, condo or landed, has its own benefits and shortcomings.
With the escalating land cost in the city, developers have moved towards building in suburban areas – beyond 15km from the city – where the land prices per acre are still reasonably cheaper.
As of writing this, here are the top 5 most searched terrace houses in Kota Kinabalu in 2018. (Source:Property Hunter).
01 – Taman Makmur Ria
Nestled in the Menggatal township, this low-density development is tucked approximately 5 minutes away from Plaza Menggatal. This double storey terrace development enjoys easy access from Menggatal and Inanam. With its strategic location in a developing township and the completion of the Inanam flyover in 2017, it has made it easier to travel from Menggatal to the city centre and other sub-districts.
Developer: Secara Makmur Sdn Bhd
Land area: 1,396 sqft
Built up: 1,102 sqft
Price: Est. RM 450,000 –RM 465,000 (price based on 2 transactions from February – November 2017)
Amenities: Primary school,Menggatal town, supermarket, police station, convenient stores, university.
02 – Taman Indah Permai
Its 296 units of double storey terrace houses was completedfor University Malaysia Sabah (UMS) within twelve months. Since then, this developmenthas turned into a vibrant housing estate away from the hectic city life, withmore than 800 units of terrace houses, 50 shop lots, 36 mini malls and asupermarket.
Developer: Wah Mie Group
Land area: 1,123 – 1,602 sqft
Built up: 999 – 1,400 sqft
Price: Est. RM 380,000 – RM 780,000 (price based on 8 transactions from May 2017 – April 2018)
Amenities: Clinic, Pharmacy, Supermarkets, University, Primary and tertiary education, kindergarten.
03 – Taman Rimba
Themed on greenery and surrounded by hillside view, Taman Rimba is a Jewel on the Crown. This development is phased into 3 phases with different artistic designed to bring the best in architectural and comfort living. With the newly built Grand Merdeka Mall and Bandar Sierra shop lots just a few meters away, this development is ideal for who works in Likas, 1Borneo, KKIP and Inanam areas.
Developer: Wah Mie Group
Land area: Est. 1,468 – 1,784 sqft (Phase 1)
Built up: 1,225 sqft
Price: Est. RM 460,000 – RM 625,000 (price based on 10 transactions from May 2017 – April 2018)
Land area: Est. 1,468 sqft
Built up: 1,246 sqft
Price: RM460,000 (price based on 1 transaction in March 2018)
Amenities: Secondary school, shopping mall, convenient stores.
04 – Taman Desa Seri Ketiau
Nestled in the matured neighbourhood of Putatan, this double storey terrace enjoys reaping the benefits of quality living in the suburb, with upgraded railway lines and the promised Pan Borneo Highway just a stone’s throw away from the development.
Developer: CST Realty Development
Land area: 1,499 – 3,077 sqft
Built up: 1,538 sqft
Price: Est. RM450,000 – RM600,000 (price based on 4 transactions from September 2017 – April 2018)
Amenities: Shopping mall,college, primary and secondary school, kindergarten, mini market, superstore, recreation arena.
05 – Taman Putra Pogun
This contemporary terraced property boasts about an 18.5ft high stairwell for the 2-storey terrace unit, a spacious 22ft wide frontage for all terrace villas and a mind-blowing 30ft for its 3-storey link bungalow. Its winning location to good accessibility and unmatched hilly fresh air of Penampang makes this development a family favourite. Situated on 15.6 acres of land destined to be the biggest and most dynamic mixed development in Penampang, Taman Putra Pogun is the first component to be introduced with 144 residential and commercial units.
Developer: Docomo Development Sdn Bhd
Location: Kibabaig, Penampang
Land area: Est. 1,705 sqft
Built up: Est. 1,540 sqft
Price: Est. RM 700,000 (price based on 1 transaction in August 2017)
Amenities: Workshop, Primary& Secondary School, dental clinics, government clinics, hospital, mini market, convenient stores
Landed residential properties remained the most sought-after properties merely because buyers still prefer to have their foot steps on their own compound with spacious front porch and backyard.
In terms of resale value, a landed residence almost always appreciates. In the years to come, when the land becomes scarcer, the property (house and land) will appreciate more than high-rise condominiums. Plus, landed properties often come with a small plot of land which you are free to use as you please. It can be turned into a beautiful garden, a recreational area for your kids or an extra parking lot.