iProperty.com.my: High-Rise Properties with Exceptional Capital Appreciation Over the Past 10 Years (2012 – 2022)

iProperty.com.my has unveiled residential high-rise properties with the highest capital appreciation in 2022 compared to 2012. These developments in Kuala Lumpur, Selangor, Penang and Johor experienced positive long-term growth mainly due to their first-mover location, connectivity, low-density features and impressive property maintenance. These projects provide insights into the viability of acquiring older high-rise properties for homebuyers and investors. Raw data was sourced from the Valuation and Property Services Department (JPPH) and analysed by PropertyGuru DataSense, the data, analytics and solutions arm of PropertyGuru Group. 

The 10-year time frame has been selected due to its alignment with the typical duration of an economic cycle, which can span up to a decade. 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. By doing so, the list showcases assets that have demonstrated resilience over time and experienced steady capital appreciation.

Sheldon Fernandez, Country Manager, PropertyGuru Malaysia (PropertyGuru.com.my and iProperty.com.my), said, “In addition to being strategically located, these well-appreciating developments have several commonalities. Most projects are decades-old condominiums surrounded by greenery, with some situated on elevated grounds. Moreover, these low-density developments feature well-designed landscapes with garden or resort-style concepts, providing a tranquil living experience. Another key element is that these properties are well-maintained by their respective management committees. 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.” 

Top Properties in Johor – Prime location and accessibility boost long-term property value.

Johor Bahru properties offer a range of amenities, easy access to major roads, and various facilities catering to different preferences. Octville Condominium (335.7%) is a resort-like development in the well-established township enclave of Bandar Baru Seri Alam. Many of its units have been recently renovated and fully furnished with modern offerings, creating a potential opportunity for homebuyers and investors. Octville Condominiums could also attract a wider pool of tenants who work at the nearby public universities. Meanwhile, Jentayu Residensi (39.8%) is a relatively new development with well-maintained and fully-furnished units. This project caters well to middle-income households due to its location near two established neighbourhoods, Bandar Uda Baru and Larkin, and it can be accessed via the Second Malaysia-Singapore Link and Jalan Skudai. Akademik Suite (32.7%) is a project located in another prime location, Taman Mount Austin, where it enjoys proximity to a water-themed amusement park and a convention centre. This has positioned the service residence as a short-term stay option for travellers.  

Two properties near the Johor-Singapore border, Pelita Indah (39.6%) and Datin Halimah Condominium (25.5%) have also appreciated well over the past decade. Pelita Indah is 10 minutes from the Customs, Immigration, and Quarantine Complex (CIQ) and 3.2 km from the upcoming Rapid Transit System. Datin Halimah Condominium is a mere 10 minutes away from the Malaysia-Singapore Causeway link and is near a KTM station and Larkin Sentral. Although completed in 1999, this project has been highly praised by its residents for its excellent maintenance. Furthermore, there are upcoming plans by the management committee to refurbish the building’s premises. 

Sheldon added, “Effective property maintenance is integral to enhancing the value of a property. The comprehensive upkeep of a property not only elevates its livability but also ensures its durability over time. This is why strata homeowners should be cognizant of their duties and responsibilities. By actively attending annual general meetings and appointing credible management committee members, homeowners can greatly influence the direction and efficacy of property maintenance. This level of involvement ensures that the high-rise home receives the attention and expertise required for its upkeep, resulting in a well-maintained and attractive property.

Footnotes

Capital growth is calculated as = Median PSF in 2022 – Median PSF in 2012 / Median PSF in 2012. Median Per Square Foot (PSF) is used to calculate capital growth due to various built-up sizes being transacted.