Hartamas Real Estate https://hartamas.com Realising Your Dreams Wed, 22 Nov 2023 02:26:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.1 https://hartamas.com/wp-content/uploads/2022/08/cropped-hartamas-icon-32x32.png Hartamas Real Estate https://hartamas.com 32 32 Pros And Cons Living In A Studio Apartment https://hartamas.com/pros-and-cons-living-in-a-studio-apartment/?utm_source=rss&utm_medium=rss&utm_campaign=pros-and-cons-living-in-a-studio-apartment Wed, 22 Nov 2023 02:20:13 +0000 https://hartamas.com/?p=26760 A studio apartment is a compact home that has a living room, kitchen, and bedroom all in one space. When on a tight budget, studio can be a good choice for young working adults and students who value seclusion. However, it’s crucial to understand the studio apartment’s spatial characteristics and whether it’s a wise decision […]

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A studio apartment is a compact home that has a living room, kitchen, and bedroom all in one space. When on a tight budget, studio can be a good choice for young working adults and students who value seclusion.

However, it’s crucial to understand the studio apartment’s spatial characteristics and whether it’s a wise decision before choosing one because living in a studio apartment definitely has its perks and drawbacks.

On the positive side, you can’t beat the lower price and more affordable rent compared to bigger apartments. It’s a great option for individuals who are flying solo or on a tight budget.

Another advantage is that everything is combined into one open space. This compact layout can be convenient for those who prefer city living and want to be close to all the action.

On the downsides, storage space can be limited in a studio apartment, which means you may need to get creative with organisation solutions. It’s important to make the most of every inch of available space.

Furthermore, hosting friends and family can be challenging due to the limited space available. While cozy gatherings can still be enjoyable, large gatherings might not be feasible in such tight quarters.

In this article, we are listing down the top three pros and cons each of living in a studio apartment to help you make better decision of living compact in the city, or a bigger space outside the city.

Pros of living in studio apartment:

    1. Affordability – Due to their smaller size, the selling price and rent for studio apartments are typically lower than one-bedroom apartments in the same neighborhood. You’ll also save money on utilities bills because of the smaller unit size. 
    1. Convenience – Studio apartments are often strategically located in prime areas, making it easier to access amenities and transportation options. The convenience factor cannot be overlooked when you’re living in a bustling city. 
    1. Privacy – Many tenants are faced with the decision of renting an apartment alone or sharing one with roommates. You usually receive extra space when you live with roommates, but you also give up privacy hence, renting a studio apartment allowed you to have your own space and the flexibility to do as you like.

Cons of living in studio apartment:

    1. Storage – A lot of people discover that a studio apartment just cannot accommodate their
      possessions. The lack of storage space in most can make you feel claustrophobic
      and overburdened. 
    1. Entertaining – You could find it difficult to socialize at a studio if you’re an outgoing person
      at home. Cozy get-togethers can still be fun, but throwing a big party might
      not be doable in such close quarters. 
    1. Simple but boring – A studio apartment does not have much scope for decoration with fancy furniture and knick-knacks since they crowd up the small space. For those who appreciate elaborate interior spaces, these may not be a satisfactory option.

[Image source: FilippoBacci | Getty Images]

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Converting Agricultural Land To Industrial Use In Malaysia: A Step-By-Step Guide https://hartamas.com/converting-agricultural-land-to-industrial-use-in-malaysia-a-step-by-step-guide/?utm_source=rss&utm_medium=rss&utm_campaign=converting-agricultural-land-to-industrial-use-in-malaysia-a-step-by-step-guide Thu, 16 Nov 2023 01:51:37 +0000 https://hartamas.com/?p=26745 The demand for industrial land is rising in Malaysia as companies look to expand operations. Converting agricultural land to industrial use can increase property value and create jobs. But there’s a process to follow. This guide explains how to convert farmland to commercial use legally in Malaysia. The Benefits of Transitioning Agricultural Land to Industrial […]

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The demand for industrial land is rising in Malaysia as companies look to expand operations. Converting agricultural land to industrial use can increase property value and create jobs. But there’s a process to follow. This guide explains how to convert farmland to commercial use legally in Malaysia.

The Benefits of Transitioning Agricultural Land to Industrial Use

Converting agricultural land to industrial use has several benefits:

  • Increased land value and investment potential. Industrial land is worth more than farmland.
  • Higher rental income. Companies will pay more to lease industrial space.
  • Economic diversification. Industrial development provides jobs beyond agriculture.
  • Infrastructure improvement. New roads, power lines and sewer systems are built.

Factors to Consider Before Converting Farmland

Before applying to change agricultural land to industrial use, consider:

  • Zoning laws. The land must be zoned for industry. If not, apply for rezoning.
  • Environmental impact. Converting farmland may affect wildlife and vegetation. Conduct an environmental impact assessment.
  • Account for land acquisition, infrastructure and construction costs.
  • The site should have transport links and be viable for industry.
  • The land must be large enough to accommodate industrial facilities.

The Step-by-Step Process of Converting Agricultural Land in Malaysia

Follow these steps:

  1. Check zoning. Confirm the land is zoned for industry. If not, apply for rezoning.

  2. Gather documents. Title deed, site plans, location maps and a development proposal.
  3. Apply to the Land Office. Pay the application fee. Approval takes months.
  4. Get new land title. If approved, you’ll receive an updated land title indicating industrial use.
  5. Create a development plan. Include the industry type, jobs created and environmental impact.

Other Important Considerations

Also factor in:

  • Strategic location. Proximity to transport links and infrastructure.
  • Sufficient size. Land must accommodate planned facilities.
  • Detailed development plan. Cover type of industry, jobs created and environment impact.

Conclusion

With proper planning and preparation, agricultural land can be converted to industrial use in Malaysia. Follow zoning laws and get approvals. Conduct an environmental review. The end result is increased property values and economic growth.

Please consult our team for assistance:

[Image source: Photo by Maria Orlova]

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Getting The Digital Advantage https://hartamas.com/getting-the-digital-advantage/?utm_source=rss&utm_medium=rss&utm_campaign=getting-the-digital-advantage Mon, 06 Nov 2023 02:13:47 +0000 https://hartamas.com/?p=26508 Since its establishment in 1996, Malaysia Digital Economy Corporation (MDEC) and Multimedia Super Corridor (MSC) have driven digital transformation and adoption across Malaysia’s public and private sectors. Malaysia Digital is the engine that accelerates the growth of our ecosystem within the nine (9) focus areas; and drives digital adoption and opportunities in the digital economy […]

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Since its establishment in 1996, Malaysia Digital Economy Corporation (MDEC) and Multimedia Super Corridor (MSC) have driven digital transformation and adoption across Malaysia’s public and private sectors.

Malaysia Digital is the engine that accelerates the growth of our ecosystem within the nine (9) focus areas; and drives digital adoption and opportunities in the digital economy via the Malaysia Digital Catalytic Programmes (PEMANGKIN) and other competitive offerings.

Malaysia Digital’s inclusive approach aims to harmonize the growing demand for digital solutions with a steady supply of products and services, whilst continuing to strengthen the Enablers such as talents, infrastructure and regulations.

With more than 2,000 companies and counting under the program, the MSC Malaysia status is a designation that is highly sought after by many IT establishments in the country. It is also a mark of world-class service and remarkable achievement to a host of privileges granted by the Government of Malaysia to business entities.

So, who can apply for a MSC status and what are some of the benefits of doing so?

According to the official website, to be eligible to apply for the award of MSC Malaysia Status and the financial incentives, a company is required to meet the following criteria:

(a) a company incorporated under the Companies Act 2016 and resident in Malaysia;

(b) proposing to carry out one or more of the MSC Malaysia-promoted activities as listed in

  1. big data analytics (BDA);
  2. artificial intelligence (AI);
  3. financial technology (FinTech);
  4. internet of things (IOT);
  5. cybersecurity (technology/software/design and support);
  6. data centre and cloud (technology/software/design and support);
  7. blockchain;
  8. creative media technology;
  9. sharing economy platform;
  10. user interface and user experience (UI/UX);
  11. integrated circuit (IC) design and embedded software;
  12. 3D printing (technology/software/design and support);
  13. robotics (technology/software/design);
  14. autonomous (technology/software/design and support);
  15. systems/network architecture design and support; or
  16. global business services or knowledge process outsourcing excluding nontechnical and/or low value call center; data entry; and recruitment process

and has not issued any invoice for such proposed activities in Malaysia on the date of application

A company that has issued an invoice may be eligible if it has at least 60% Malaysian equity ownership and has issued its first invoice for such proposed activities in Malaysia not more than 12 months before the date of application, and not granted by the Government of Malaysia tax exemption in respect of the income from any activity on the date of application.

There are many advantages for a company to obtain the MSC status, including

  1. Foreign knowledge worker quota and passes
  2. Tax incentives
  3. Access to local and international markets and ecosystems
  4. Multimedia/ICT equipment import duty and sales tax exemption
  5. High powered implementation agency

For the full list of on how one can apply, please visit https://mdec.my/what-we-offer/msc-malaysia/apply-msc-status/application-process.

Are you looking for MSC status buildings for your company?

[Image source: Image by macrovector & lifeforstock]

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Sick And Abandoned Projects: How To Avoid Buyer’s Nightmare https://hartamas.com/sick-and-abandoned-projects-how-to-avoid-buyers-nightmare/?utm_source=rss&utm_medium=rss&utm_campaign=sick-and-abandoned-projects-how-to-avoid-buyers-nightmare Mon, 30 Oct 2023 01:43:50 +0000 https://hartamas.com/?p=26486 Buying a property is a major life investment, and it’s important to do your research to avoid buying a sick or abandoned project. In Malaysia, there have been several high-profile cases of sick and abandoned projects, which have left buyers with financial losses and unfinished properties. Here are some tips on how to protect yourself […]

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Buying a property is a major life investment, and it’s important to do your research to avoid buying a sick or abandoned project.

In Malaysia, there have been several high-profile cases of sick and abandoned projects, which have left buyers with financial losses and unfinished properties.

Here are some tips on how to protect yourself from buying a sick or abandoned project in Malaysia:

  • Research the developer. Before you buy a property, research the developer’s track record. Look for developers with a good reputation and a proven track record of delivering completed projects on time and to budget.
  • Check the project’s financial status. Make sure that the project is financially sound and that the developer has the necessary funds to complete it. You can do this by checking the developer’s financial statements and by talking to other buyers in the project.
  • Get everything in writing. Make sure that all of your agreements with the developer are in writing, including the purchase agreement, the payment schedule, and the completion date. This will protect your interests in case something goes wrong.
  • Be aware of the risks. Even if you do your research carefully, there is always a risk that the project could become sick or abandoned. Be prepared for this possibility and have a backup plan in case something goes wrong.

Here are some additional tips that you can follow:

  • Buy completed projects. This is the safest way to avoid buying a sick or abandoned project. However, it is important to note that completed projects may be more expensive than unfinished projects.
  • Avoid projects with a lot of delays. If a project is already experiencing delays, it is a red flag that the project may be in trouble.
  • Get a lawyer. A lawyer can help you to review the purchase agreement and to advise you on your rights and obligations.

If you are concerned about a particular project, you can also contact the National House Buyers Association (NHBA) for advice. The NHBA is a non-profit organization that represents the interests of house buyers in Malaysia.

By being informed and vigilant, you can protect yourself from buying a sick or abandoned project and ensure that your property investment is a success.

[Image source: Photo by Darcy Lawrey]

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Five Renovation Lessons You Wish You Had Known https://hartamas.com/five-renovation-lessons-you-wish-you-had-known/?utm_source=rss&utm_medium=rss&utm_campaign=five-renovation-lessons-you-wish-you-had-known Mon, 23 Oct 2023 01:23:39 +0000 https://hartamas.com/?p=26473 Embarking on a home renovation project can be an exciting endeavor, filled with the promise of transforming your living space into something truly remarkable. However, it is important to approach such projects with careful consideration and planning, as they often involve managing budgets and time constraints. It is also crucial to recognise that home renovations […]

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Embarking on a home renovation project can be an exciting endeavor, filled with the promise of transforming your living space into something truly remarkable. However, it is important to approach such projects with careful consideration and planning, as they often involve managing budgets and time constraints.

It is also crucial to recognise that home renovations are rarely quick and easy. They often involve a long process that requires patience and adaptability. It is essential to set realistic expectations about timelines and potential setbacks.

Therefore, before diving into your renovation project, it is wise to learn from the experiences of others who have gone through similar endeavors. Understanding the lessons they wish they had known before starting their renovations can save you from making costly mistakes or facing unexpected challenges.

One hard lesson that many homeowners learn during renovations is that even seemingly small decisions can lead to significant consequences and losses if not carefully considered. From choosing materials to making design choices, each decision has the potential to impact both the aesthetic appeal and functionality of your space.

In this article, we are sharing five renovation lessons that you need to know before kick starting your home transformation project.

1. Understand your limits

One of the first decisions you will face is whether to tackle the renovation yourself or hire a professional. While DIY projects can be fulfilling and cost-effective, they may also require a significant investment of time and effort. On the other hand, hiring professionals can ensure high-quality results but may come at a higher price hence, it is key to know your limits, if you are not confident with your skill, it is better to hire a professional to avoid more losses in the future.

2. Prioritise what you need than desire

It can be tempting to get caught up in the latest trends and design fads, but it’s crucial to focus on what you truly need for your home. While trendy materials may seem appealing at first, they may not stand the test of time or provide the durability and functionality that you require. Opting for materials that are suitable for your specific needs and lifestyle will ensure a more successful and long-lasting renovation.

3. Good quality fitting is everything

Choosing high-quality fittings ensures durability and longevity. They are built to withstand daily wear and tear, reducing the need for frequent replacements or repairs. This not only saves you money in the long run but also gives you peace of mind knowing that your home is equipped with reliable and sturdy components.

4. Lighting and flooring are more important than you think

Lighting and flooring play significant role in setting the ambiance of a room. It can transform a dull and lifeless space into one that is warm, inviting, and visually appealing. By understanding the importance of lighting and flooring, you can avoid common pitfalls that will ultimately result in a more comfortable and visually stunning living environment.

5. Renovation is not the end

It is crucial to view renovation as just one step in an ongoing process. Without proper care and attention, all your hard work can quickly deteriorate. Regular maintenance tasks such as cleaning, painting touch-ups, and checking for any signs of wear and tear are essential to preserving the longevity and beauty of your renovated space.

[Image source: Image by rawpixel.com]

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Down Payment: The Key To Unlocking Your Dream Home In Malaysia https://hartamas.com/down-payment-the-key-to-unlocking-your-dream-home-in-malaysia/?utm_source=rss&utm_medium=rss&utm_campaign=down-payment-the-key-to-unlocking-your-dream-home-in-malaysia Mon, 16 Oct 2023 01:33:58 +0000 https://hartamas.com/?p=26450 Buying a house is one of the biggest financial decisions you will make in your life. While getting a home loan can help fund a large portion of the purchase price, you still need to prepare a down payment amount upfront when buying a property in Malaysia. What is Down Payment When Purchasing Property in […]

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Buying a house is one of the biggest financial decisions you will make in your life. While getting a home loan can help fund a large portion of the purchase price, you still need to prepare a down payment amount upfront when buying a property in Malaysia.

What is Down Payment When Purchasing Property in Malaysia?

A down payment refers to the upfront percentage of the total property price that the buyer needs to pay initially to secure the purchase.

This payment shows the buyer’s financial commitment to obtaining the property. It also reduces the risk for banks providing the mortgage loan.

Typical Down Payment Rates for Malaysia Home Buyers

The typical down payment requirement for first-time home buyers in Malaysia ranges from 10% to 20% of the property’s price. 

For subsequent property purchases, the down payment is usually higher at 20% to 30% of the value. However, exact down payment rates differ based on factors like:

  • Type of property – landed, high-rise, luxury etc.
  • Location of the property.
  • Applicant’s income stability.
  • Loan amount and tenure.

Why is Down Payment for House Purchase Important?

Putting down a substantial down payment amount when buying a property has several benefits:

  • Shows your financial commitment and ability to repay the loan.
  • Lowers monthly installment amounts and total interest cost.
  • Increases chances of loan eligibility and approval.
  • Reduces likelihood of the property being foreclosed.
  • Builds equity in the property at a faster pace

Thus, having funds ready for down payment can make the process of taking a home loan and purchasing your dream home much smoother.

How Do You Prepare for Down Payment When Buying a House?

Here are some smart tips to accumulate funds for paying the down payment:

  • Start saving early with fixed monthly deposits into a housing fund.
  • Reduce unnecessary expenses and spend thriftily.
  • Take advantage of special schemes like EPF withdrawal.
  • Get family assistance or use inheritance funds if available.
  • Opt for developer interest bearing schemes.
  • Use dividends from investments for down payment 

Proper planning and financial discipline is key to ensuring you have the 10% to 30% ready when needed for down payment.

Consult Our Property Experts

Buying real estate is a big milestone.

Reach out to us today to learn more about mortgage loans and down payments tailored for your unique needs and budget.

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5 Things To Consider Before Buying A Home In A Brand-New Township https://hartamas.com/5-things-to-consider-before-buying-a-home-in-a-brand-new-township/?utm_source=rss&utm_medium=rss&utm_campaign=5-things-to-consider-before-buying-a-home-in-a-brand-new-township Mon, 02 Oct 2023 03:02:24 +0000 https://hartamas.com/?p=26364 Buying a property is a big-deal, even more so when you buy a property in a new township. This is because you are placing all your bets that the township will eventually thrive and prosper, and because it is new, you really need to ensure you have properly researched its future prospects and potential gain. […]

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Buying a property is a big-deal, even more so when you buy a property in a new township. This is because you are placing all your bets that the township will eventually thrive and prosper, and because it is new, you really need to ensure you have properly researched its future prospects and potential gain.

While buying into a new township seems to have more uncertainties and risks as compared to mature areas, the upsides of buying into a new township, especially if you are the first few buyers, are huge. For instance, take a look at Desa ParkCity in Kepong. What was once a quarry is now one of the most sought-after townships in Kuala Lumpur, and homebuyers from the first batches would have benefitted the most from the capital appreciation.

So, what are some things we should look out for before buying a property in a brand-new township? Here are five things to consider.

1. Reputable developer

Always, always check the track record and background of the developer. Research about their past projects and see how well they have done in their previous projects. What is the company’s ethos? Are they here to make a quick buck or are they here for the long term? Do they implement sustainable features in the township that will enable effective property management later on? Ask these questions to the developer when you meet them face-to-face.

2. A sustainable township

Are they commercial phases in the township? Schools, shops, grocers, medical facilities. They all need to be in place. Are there green lungs in the township? Facilities provided in the township must be manageable with ease and sustainable in the long term. Proper ingress and egress need to be planned out in order to facilitate traffic flow during peak hours. Any residential plan in a new township should also be able to meet the realistic demand in the area. Over-estimation and over-build in the first few phases in relatively short periods will see a ghost town instead.

3. Government initiatives

Being in a location where the government has plans for the future, especially mega infrastructure projects, will be very beneficial. This enables the township to mature in a shorter time. However, this is not a must as it is much depending on the project types. Nonetheless, at most of the times, a government project will help in boast up the property values in the locality.

4. Distance is no longer everything

As people’s lifestyle and preferences change with working adults no longer having to meet fixed working hours in one office, distance from the home to the office is no longer a main concern for individuals with flexi working hours when they look for a home. Hence, don’t have to over worry if the township is located further away from the city centre.

5. A safe and secure environment

Housing prices in new township developments are comparatively more affordable than similar offerings in matured areas, yet the safety aspect must not be overlooked. Affordably priced, a self-sustaining township, good connectivity, a safe and green living environment are the features that make a successful township development.

[Image source: Image by Lifestylememory]

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Four Signs It’s Time To Buy A Property https://hartamas.com/four-signs-its-time-to-buy-a-property/?utm_source=rss&utm_medium=rss&utm_campaign=four-signs-its-time-to-buy-a-property Mon, 18 Sep 2023 03:00:02 +0000 https://hartamas.com/?p=26331 Buying a property could be one biggest decision in life for many people because, without proper planning and preparation, a wrong purchase decision will not only affect you financially, but also interrupt your future plannings as it requires a long-term commitment. It is no wonder many people are hesitating in making the decision no matter […]

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Buying a property could be one biggest decision in life for many people because, without proper planning and preparation, a wrong purchase decision will not only affect you financially, but also interrupt your future plannings as it requires a long-term commitment. It is no wonder many people are hesitating in making the decision no matter in the bull or bear market.

Nonetheless, as Malaysian property market has entered into its slump phase of the property cycle since the outbreak of pandemic, many experts claimed that now is the best time to buy property. While there are more people rush to take a leap from renting to buying, there are people still waiting for more positive signs to make the decision. The question is, what are these positive signs? And how can you know if it is the best time for you to buy?

As much as you want to own a house at the best timing possible, you need to consider many things, such as why, what and where to buy, and most importantly, are you ready to make such a long-term commitment as a property owner.

Here, we list down some signs that might mean you are ready or, you should, to get a property of your own.

1. You are tired of renting

While renting has its benefits – to give flexibility in moving from place to place at minimum cost of moving, and you don’t have to worry about other property costs such as tax and fire insurance, it has limitations too. For example, unresponsive landlord and rising monthly rental. If you feel exhausted to deal with landlord from hell and your cost of renting is rising, it is an important sign and a motivation to search for a property of your own.

2. You have a secure job

Another key element to consider before acquiring a property is your ability to make monthly repayments and other utility bills. Having a permanent job with stable fixed income (even better with side income) that allow to pay the mortgage and daily living expenditures – and ideally with enough extra money for saving for rainy day, is a solid sign you can afford to buy a home.

3. Your debt is manageable

The debt-to-income ratio, or DTI, is another factor considered when banks screening mortgage applications. This is an important indicator that is derived by totalling all monthly debts and dividing the total by your gross monthly income. An excellent credit history and an above-average credit score can increase your chances of loan approval. It also suggests that you have sufficient financial resources to manage your mortgage payments.

4. You know what you want

It is a good idea to have a solid concept of the neighbourhood you want to live in and the type of home you desire. If you know what exactly you want your future life to be and you are happy with your lifestyle, it will be the right time for you to search for a desire property to build your dream home.

[Image source: Photo by Oleksandr P]

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5 Amenities That Will Significantly Increase Your Property Value https://hartamas.com/5-amenities-that-will-significantly-increase-your-property-value/?utm_source=rss&utm_medium=rss&utm_campaign=5-amenities-that-will-significantly-increase-your-property-value Mon, 04 Sep 2023 02:27:19 +0000 https://hartamas.com/?p=26272 New townships being developed today are often not located in the most sought-after locations for property buyers but as urbanisation gains pace, these townships will eventually become self-sustaining if they are well-planned for long-term sustainability. In these new townships, the mantra “location, location, location” seems no longer the most important factor of success, as the […]

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New townships being developed today are often not located in the most sought-after locations for property buyers but as urbanisation gains pace, these townships will eventually become self-sustaining if they are well-planned for long-term sustainability.

In these new townships, the mantra “location, location, location” seems no longer the most important factor of success, as the pandemic has certainly changes the way we live and work. These new townships provide an opportunity to many in becoming a property owner, especially for those who cannot afford to buy a property in or near the city centre.

The question now is, does that mean if one were to buy a property that does not have a “good location”, there is no hope for an increase in the property value? Well, not really, because aside from location, having these five amenities in proximity to their property will stimulate housing demand hence, increase the value of your property.

1. Public transport stations

Living near MRT, LRT or bus stations remains one of the biggest selling points of a property project. With more public transport lines upcoming, you can be sure that demand for property there is higher than in areas with no public transportation coverage.

2. International schools or universities

Having international schools nearby will increase the demand for housing from the expats, and expats are usually ready to pay more in rental for a good property. Other amenities will also pop up in the area to cater to their needs, such as medical facilities, shopping malls and restaurants which will increase the liveability of the surrounding neighborhood. Having universities in the vicinity also will increase rental demand, thanks to students and teachers coming in from other states.

3. Medical facilities

Health infrastructure is a major key driver for where people choose to live. Many people prefer the option of better access to hospitals with 24-hour medical care, especially If there is an emergency department. Not only that, the increase in housing demand from the medical staff will also increase the value of the property.

4. Shopping malls

Locations around shopping malls are hotspots that are always in demand, especially by young people and tourists. Shopping malls are an important player in commerce that drives the economy and tourism sector of a locality.

5. Parks and green lungs

Thanks to the increasing awareness of healthy and sustainable lifestyle, park and green lung is now an important amentity when homebuyers searching for their dream home, especially for small and growing families living in or near the concrete jungle. It is no surprise that a property value will be significantly affected by having a well maintained public park nearby.

[Image source: Freepik]

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[Area Insight] Bangsar – The Urban Luxury Living Destination https://hartamas.com/area-insight-bangsar/?utm_source=rss&utm_medium=rss&utm_campaign=area-insight-bangsar Mon, 21 Aug 2023 06:22:53 +0000 https://hartamas.com/?p=26220 As one of the most affluent addresses nestled in the heart of Kuala Lumpur, Bangsar is known for its upscale properties and handsome real estate investment returns, thanks for its stable population growth locally and internationally, which has been attracting a diverse mix of residents who appreciate its accessibility and mature infrastructure. One of the […]

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As one of the most affluent addresses nestled in the heart of Kuala Lumpur, Bangsar is known for its upscale properties and handsome real estate investment returns, thanks for its stable population growth locally and internationally, which has been attracting a diverse mix of residents who appreciate its accessibility and mature infrastructure.

One of the key factors contributing to the popularity of Bangsar is its accessibility. Conveniently located within close proximity to major transportation hubs, including LRT and MRT stations, residents enjoy seamless connectivity to other parts of Kuala Lumpur.

With its strategic location just a stone’s throw away from the city center, residents in Bangsar get enjoy easy access to an array of amenities including shopping malls, restaurants, cafes, entertainment options, schools, colleges and universities, as well as commercial hubs.

Indeed, Bangsar’s reputation as an affluent neighborhood is well-deserved. The area is home to luxurious properties that cater to those seeking a high-end lifestyle. From spacious condominiums with stunning skyline views to elegant landed homes surrounded by lush greenery, or whether you are looking for a place to call home or seeking an investment opportunity with promising returns, there is something for everyone in this exclusive enclave. It is no wonder Bangsar has always been one of the most sought-after addresses in Kuala Lumpur.

Bangsar stands out as a vibrant neighborhood that combines affluence with accessibility. Its mature infrastructure, stable real estate market, and sought-after status make it an ideal choice for those looking for a premium living experience in Kuala Lumpur.

It is also worth highlighting that Bangsar residential property prices have always been relatively more stable than other areas in Kuala Lumpur, thanks to the strong holding power of the property owners here in Bangsar.

New landmark in making

Given the scarcity of the development landbank in the area, there have been very few new residential project launches in Bangsar over the past 10 years. However, every new project launched in Bangsar was carefully curated by the property developer, ensuring the product met the upscale market’s expectations and became the next star of the affluent address.

The Lantern

The Lantern Bangsar, the upcoming luxury condominium in Bangsar, has nothing exceptional. Designed by renowned architect Wong Tung Ken, the 34-storey development is poised to change the skyline of Bangsar with its unique yet elegant elevated lantern design on the rooftop.

Developed by CDC Asset Management Sdn Bhd, The Lantern Bangsar is a low density residential suite tower with only 180 units, on the verge of being crowned an icon within the prestigious residential and commercial enclave of Bangsar.

The freehold development offers five layout designs namely Type A1 (one bedroom, 570 sq ft); Type A2 (one bedroom, 561 sq ft); Type B (two bedrooms, 765 sq ft); Type C (two bedrooms, 852 sq ft); and Type D (Dual key, 1,092 sq ft). All the units are semi-furnished with kitchen cabinets, and hob and hood. It is slated for completion in 2025.

Strive to offer a new urban lifestyle in the classic Bangsar enclave, The Lantern Bangsar provides more than 20 common facilities spread across the ground floor, the main facilities podium on the 9th floor and the rooftop, such as a children’s playground, an infinity swimming pool, a gymnasium, celebration suites, a BBQ area, co-working space, a pilates studio, a picnic area, and a sky garden, just to name a few.

Located in the heart of Bangsar, The Lantern is surrounded by amenities such as shopping centres, commercial hubs, public and international schools, colleges and universities, hospitals and medical centres, and many more.

Furthermore, The Lantern Bangsar is set only 350m away from the Bangsar LRT station, making the development truly the epitome of metropolitan living with conveniences in close proximity to the majestic Petronas Twin Towers and Pavilion Damansara Heights, Kuala Lumpur’s up and coming central business district. It is only a station away from KL Sentral, the biggest public transportation hub in Kuala Lumpur, and six stations away from the KLCC station.

Aside from that, as the project is well connected to key highways such as the Federal Highway, New Pantai Motorway (NPE), SPRINT Highway, and Lebuhraya Sultan Iskandar, residents can expect easy access to Klang Valley and other parts of the Peninsula.

[Image source: Slleong/Wiki Commons]

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