These projects provide insights into the viability of acquiring older high-rise properties for homebuyers and investors.
iProperty.com.my has unveiled residential high-rise properties with the highest capital appreciation in 2022 compared to 2012.
This period allows iProperty.com.my to analyse properties that have experienced the four crucial stages of an economic cycle – expansion, peak, recession, and trough. Moreover, these low-density developments feature well-designed landscapes with garden or resort-style concepts, providing a tranquil living experience. This clearly showcases that a property’s long-term value does not just depend on its architecture and extensive facilities, but on how it is maintained over the years.
The 30-year-old Jamnah View, in particular, underwent a major refurbishment exercise last year, resulting in a fresh look and feel. Top high-rise properties in Selangor – Older suburban developments near forest reserves remain evergreen. High-rise properties in Selangor surrounded by or close to nature have appreciated well in the last decade.
Despite being built in 1991, this hillside development offers beautiful landscaping, peaceful surroundings and modern facilities, giving investors the opportunity to purchase and refurbish dated units to attract potential homeowners or tenants. Desa Golf offers a captivating view of Penang Golf Course, while Seaview Garden is nestled among the verdant hill of Mount Pleasure that overlooks the picturesque Penang coastline.Other developments, such as Arena Residence and Central Park , have favourable access to the state’s prime destinations, major roads, recreational venues, outlets, facilities, and local markets.
Furthermore, the project is near key amenities such as a hospital and a wet market complex. As a relatively new development completed in 2011, Central Park is a popular choice among homebuyers with families. Octville Condominiums could also attract a wider pool of tenants who work at the nearby public universities.
Pelita Indah is 10 minutes from the Customs, Immigration, and Quarantine Complex and 3.2 km from the upcoming Rapid Transit System.
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