Data recently released by the National Property Information Centre (NAPIC) showed that the Malaysian House Price Index (MHPI) climbed moderately by 0.5 per cent on a year-on-year (y-o-y) basis in the first half of 2022 (Q22022).
According to the data, high-end residential real estate transactions between RM500,000 and RM1 million and RM1 million and above experienced a significant 36.3 per cent surge in H1 2022.
Sheldon Fernandez, Country Manager, PropertyGuru Malaysia (PropertyGuru.com.my and iProperty.com.my), said that the majority of the high-rise properties listed on the two property platforms fall into these price ranges, demonstrating that properties with the appropriate variable are immune to the effects of the post-pandemic.
Fernandez said the majority of the properties focus on luxurious living with excellent architectural design, lush landscaping, and strategic location near green spaces.
"Together with winning factors such as good connectivity and proximity to reputable hospitals and education institutions, these high-rise properties are ideal for long-term investments," he said.
The firm has identified the top high-rise residential properties in Kuala Lumpur, Selangor, and Penang with the highest capital gains in the first half of 2022.
South Brooks in Desa ParkCity, Kuala Lumpur, leads the list with the highest capital increase at 10.3 per cent. The condominium has a setting with tropical pocket gardens and club-level fitness facilities.
"As South Brooks is within the affluent Desa ParkCity enclave, it has the advantage of being connected by various highways. A renowned international school and private hospital are also a short distance away from South Brooks," Fernandez said.
Select high-rise properties in Bukit Jalil also emerged as winners, registering between 3.3 per cent (The Z Residence) and 7.5 per cent (Park Sky Residence) in capital growth.
According to Fernandez, the price growth is spurred by each property's emphasis on green living and proximity to Bukit Jalil Recreational Park.
Meanwhile, Anyaman Residence in Sungai Besi and Laman Sceneria Kiara in Segambut, which offer luxurious living spaces and calm surroundings for residents, achieved capital growth of 4 per cent.
In Selangor, two hillside properties, Koi Kinrara Suites in Puchong (16.1 per cent) and Venice Hill Condominium in Cheras (15 per cent), gained the highest capital growth in the state.
Setiawalk Residence, also in Puchong, recorded a double-digit capital growth figure of 12.6 per cent. The service residence is popular among small families and young professionals as it is in a mixed development consisting of retail lots, offices, restaurants, and entertainment outlets.
In Seri Kembangan, Aman Heights Condominium reaped a capital growth of 9.2 per cent due to its peaceful surroundings, verdancy, and tropical resort architecture.
In Penang, All Seasons Park in Ayer Itam achieved the highest growth with 19.7 per cent because of its clubhouse facilities and an exclusive park with different landscaping themes, water features, and hues of greens in keeping with the four seasons theme.
Golden Triangle gained 6.1 per cent in capital growth. A highlight of this condominium is that residents can enjoy the view of 1.9 acres of green open space.
The other popular developments in Penang are The Tamarind in Tanjung Tokong (2.9 per cent) and Imperial Residence in Sungai Ara (2.8 per cent).
The resort-like design of The Tamarind is ideal for young professionals and families looking to live a seaside lifestyle, while the main attraction of Imperial Residence is its spacious layouts, inspired by the bungalow and semi-detached homes.
