Landed
or high-rise properties? Actually, there’s no right answer for this, it always depends on the owner’s own preferences. Because everyone has a different point of view. After some studies, I shortlisted these 4 factors to think
through before you purchase a property :
- Security Issue
Security-wise, high rise is definitely a win. Why? For example, when you drive to the
guard house - the first checkpoint. Guardhouse to lobby - second checkpoint. The lobby goes into the lift - the third checkpoint. Go up to the resident - four check points. With multiple checkpoints, it’s harder for thieves to get in. The percentage of break-ins in high-rise buildings
is lesser as compared to landed properties. In most cases should there be
break-ins in high-rise buildings, it would only be caused by internal personnel.
That’s why developers keep emphasising that during launching.
However,
even now there are landed strata that are gated and guarded to increase the
security. While for landed properties, the thief is easily accessible via the ground.
- Investment Point of View. Cash Flow
First, you need to ask yourself, capital appreciation or cash flow? Most rich
people have no problem with cash flow, therefore, they will choose to invest in
land as the price will definitely go up in future. Moreover, – buying a landed
property actually owns a piece of mother ground as compared to high-rise properties.
If you’re worried about cash flow, then high-rise properties are your better choice.
Compared to terrace houses, high-rise buildings always get better rental deals as
demand is higher.
- Living Experience. Facilities or Without
Nowadays,
living is one of the priorities for the buyers. For example, a married couple is
definitely suitable to stay in high-rise properties. Cleaning is very easy for
1,000 square feet. People who want to be connected, accessible, and go everywhere
via public transportation. High-rise properties also have facilities, a pool,
sauna, gym, games room and many more.
For landed,
buyers probably go home to watch TV or have a walk in the garden. This is why developers
come out with landed strata where you get the best of both worlds, you’ll get the facilities
and spacious properties at the same time.
- Maintenance Fees. Pay or No Need to Pay
Maintenance
fees are painful for individual title owners. You need to pay for it as long as
you own a high-rise property. Some investors choose not to pay the maintenance
fees since they thought they didn’t use the facilities. However, with the new SMA
(Strata Management Act) implemented rules & regulations will take action if the owner doesn’t pay maintenance fees. Landed
strata and high-rise properties need to pay for the maintenance while for landed property owners, no need to pay.
Bear
in mind that if you want to get your property for renovation, you need a permit
to renovate for landed strata and high-rise properties. Yup, I know right. It kinda sucks that you can't even renovate your own property even if you're the owner. On the other hand, Individual
title owners can renovate whatever they want to do. I guess the owner of the landed property won it all.
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