Malaysia Property Types

Posted on 5:03 PM | By Smart Wealth Advisory | In

There are 3 major types of properties in Malaysia: Vacant Land, Commercial Properties and Residential Properties. A research on the subcategories of properties can enable the proprietor to understand and maximize the investment returns of the property.

Residential Property

Residential property covers a whole area of property types including condominiums, residential houses, service apartments, apartments, townhouses and bungalow. Let us examine the various types of residential properties available in Malaysia.

Residential Houses
Apartments and Condominiums
Service Apartments

Commercial Property

Commercial property covers a whole area of property types including shop offices, shop houses, commercial buildings, retail stores, professional buildings and shopping centres. Commercial property is pricier than residential property and it has a possibility to face problems in rental during recession. Let us examine the various types of commercial properties available in Malaysia.

Shop Houses
Shop Offices
Retail Stores
Shopping Centres
Commercial Buildings

Vacant Land

There are three main types of land in Malaysia: freehold land, leasehold land and Malay Reserve land. The status of lands that are to be purchased must be checked in order to make an informed investment decision. Land status can be checked at the Land Office or the State Land Registrar.
Freehold land
The tenure of freehold land is for life. The owner of the land owns the land, the building and anything that is on the land. There is no time limit for the owner and the freehold land lies with the title holder until he transfers it to someone else. Investment in freehold property tend to generated higher return as it posted perpetual tenure.

Leasehold land
Leasehold land is held by a person by virtue of a lease agreement between him and the owner permitting him to hold the land for a period as said in the lease agreement. The difference between leasehold and freehold is that for leasehold, the land is to be returnable after the expiry of the period. This type of land also belongs to the government and the least is usually for 99 years. When the lease expires, the government can take back the land or lease it further. The lesser the number of years left on the lease, the less valuable the land becomes.

Malay Reserve Land
Basically Malay Reserve Land is land that cannot be sold to other races, even foreigners except for Malays or Bumiputras. It is land exclusively meant for Malays and Bumiputras. This type of land posted lower investment return as compared to freehold and leasehold property as it can only be transfer among Malays and Bumiputras and limit its marketing prospects.

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