A home in the past may have just been a property to house your family. But in present times, a home is no longer just a home – it is a goldmine of investment. It is an investment into your family, and an investment into your future, as well as your offspring’s. Let’s take a look at how a great home will bring the best of living to your family.
Your home is not only a monetary investment, but it is also an investment into your family!
Ample Space for Yourself and Your Family
If there is one thing that the COVID-19 situation has taught us, it is that no matter how much you love your family, friction can and does occur when you have been cooped up together for too long.
In fact, while there has not been a study done on personal space at home, there has been a study done on the need for personal space during COVID-19. A professor at Italy's University of Campania, Tina Iachini, told CGTN that, “It (personal space) is our shield of safety and that is why we are so sensitive to the safety value of this space".
It does not take much to jump to the conclusion that personal space is very much also valued at home especially when everyone is forced into enclosed living for an unforeseen extended period of time. In fact, according to Hud Abu Bakar, the principal of RSP Architects, homebuyers will be more likely to choose a larger floor area rather than posh finishes after the COVID-19 crisis is over.
So how can this need for ample space for yourself and your family translate into a bigger and better investment in the long term? Bigger space means a larger home, which is equivalent to higher resell value in the future.
Let’s take a look at the second point…
Convenience of Living
For any and those who have lived in a condominium for an extended period of time, they will have known the pain of forgetting and leaving items in the car, and then having to go back down and get it.
And if this happened during COVID-19, the irritation is oh-so-much-more profound. The need to risk coming into contact with people in the lift again, touching the lift buttons, walking back to the car – and may the heavens bless you if you brought the wrong car keys or even forgot to bring your car keys at all.
Hence the desire for many condominium dwellers to live in a landed property. If there is one thing you never need to worry about living in a landed home, it is forgetting your car keys or buying too many groceries.
And another major perk of living in a landed property? No more waiting for the lift. That peak hour mad rush of getting to work and watching the lift stop at every floor when you are already late? The impatience to devour your food every time you pick it up from Grabfood in the lobby but still need to wait to get back up to your unit to begin devouring it? These problems do not exist when you live in a landed property.
Greener & Cleaner Living
And of course, living in a landed property, you will have the luxury of keeping a garden no matter how small. And perhaps most importantly especially during the COVID-19 period – and amidst predictions of more similar pandemics to come in the future – you will not have to share a communal trash bin with all the other units on your floor.
Many studies have shown that living around greenery ensures that a person lives a longer life, no matter if it is just a patch of grass, a small garden, or a cluster of trees. Stress levels are lowered, and oxygen levels are increased; while touching the plants could affect the microbiome on the human skin which will, in turn, strengthen our immune systems.
Hence, living in a landed home will not only strengthen family ties with everyone having more personal space to themselves, but it will also benefit the family’s health with a bit of green living. An added perk is that if you have children, they will know the joys of running around in open space while breathing cleaner, fresher air.
Here are some numbers that may affect your decision to buy a landed property for your next home
Landed residential homes have always been touted to have the best resell value. In fact, many property buyers in the past purchased a landed home only because high rises did not exist then, only to find that they were sitting on a gold mine a couple of decades down the line.
Take for example a single-storey semi-detached house in Section 11 of Petaling Jaya with a land area of about 5,000 sf which the owners purchased for RM250,000 in the year 1986. Having cleared the mortgage within the first 10 years of living there because of the relatively low monthly repayment, they discovered that the value of their house had appreciated to RM1.2 million about 30 years down the line. This couple has now since sold their house and shifted to a smaller home as their children have flown the nest, and are now living comfortably.
This is not the first, nor will it be the last surprise wealth story of property buyers who suddenly discover the inflated value of their home. Just take a look at the statistics from brickz.my, the median price for a landed home in Petaling Jaya in 2005 was RM338,000, which has now increased to RM700,000 in 2020. This is not even its highest resell point, as the median price for homes in Petaling Jaya was at RM820,000 in the year 2013.
The curious part is that Petaling Jaya was once considered to be the “outskirts” of the city. It is, in fact, a satellite city of Kuala Lumpur, and was once shunned by property buyers in the past for being “so far out”. However, thanks to better connecting roads and highways built, Petaling Jaya has now become a coveted area to buy a home in.
Taking a look at another bustling township which was considered out-of place in the past – Subang Jaya. When the township was first built, almost nobody wished to live there. It was considered to be an undeveloped location to live in, so much so that the median price for a landed property in Subang Jaya in 1998 was only RM88,000. Fast forward to the year 2020, the median price for a house in Subang Jaya is now RM737,500 – that is a capital appreciation of about 738%!
The best time to buy a new home is NOW!
Amidst the COVID-19 despair and boredom, the government has come up with many schemes to encourage economic growth. While there have been many upsets as a lot of Malaysians did not qualify for the relief plans, there are a couple of relief schemes created by the government that will benefit homebuyers and home upgraders alike.
For starters, homebuyers who are hunting in the market now will enjoy a lower Overnight Policy Rate (OPR). Announced on 5 May 2020, the OPR was cut by 0.5%, with a new rate of 2% – the lowest since 2010.
So what is OPR? OPR is the interest rate charged from one bank to another. This rate affects the country’s employment, inflation rate, and economic growth. With a lower OPR rate, Malaysians enjoy lower repayments on mortgage loans among others, which will in turn encourage more spending to stimulate the economy.
The second initiative that the government implemented to stimulate movement in the real estate sector amidst COVID-19, is to remove the Real Property Gain Tax (RPGT) on the sales of the first 3 residential properties of an individual from 1 June 2020 to 31 December 2021. Do you know what this means? It’s time to flip your properties and upgrade to a bigger and better home!
The market is in fact now awash with some amazing deals by leading property developers.
Setia Warisan Tropika by S P Setia
A truly serene township created in the peaceful town of Sepang, Setia Warisan Tropika encompasses 96.5 acres of homes interspersed with thematic tropical gardens, waterway terraces, and unique outdoor equipments that cater to the entire family. There is also a resident-only clubhouse that houses a swimming pool among the many other facilities.
The beautifully planned township has finally launched their highly anticipated maiden homes – the double-storey terrace houses of Belladonna. These tropical resort homes are beautifully located to overlook either the greenery of the parks or the serenity of the waterway terraces.
In addressing the need for every family member’s desire for personal space, the homes of Belladonna are created with an open space concept and plenty of natural lighting. The open space allows its buyers to create a home as unique as themselves, while the ceiling to floor sliding glass doors in the living area allows in plenty of natural light even while providing dreamy views of nature.
And with this concept of open living, security is naturally tight with a secured gated and guarded environment, and only a single entry and exit point into the neighbourhood. Security is also further tightened with the Setia Community App, where a visitor management feature is made available. The mobile app also includes other convenient features such as property and tenant management, facilities booking, community announcement and more.
With the smallest home sized at 1,907 sf, combined with its beautiful neighbourhood and elite facilities, you would think that these homes may be beyond your affordability level. The prices are however surprisingly within range of middle-income earners, with starting prices of only RM557,600 after rebates.
Belladonna @ Setia Warisan Tropika Location and Proximity to Amenities
The next thought that may cross your mind is, “It’s only affordable because it is so far out!” But this could not be further from the truth as Setia Warisan Tropika is well connected to major highways, and is within proximity to matured townships.
Only a stone’s throw from Setia Warisan Tropika is immediately the access point to the North-South Expressway Central Link (ELITE), which is also connected to the Putrajaya-Cyberjaya Bypass, the Damansara-Puchong Expressway (LDP), and Maju Expressway (MEX).
And further adding on to the already comprehensive network of highways is also the township’s easy access to the North-South Highway (PLUS), Nilai-KLIA Expressway, and South Klang Valley Expressway (SKVE).
With the easy access to these highways, residents of Setia Warisan Tropika will be able to zip to town easily. The Kuala Lumpur International Airport (KLIA) is only 12km away, while Cyberjaya and Putrajaya are both only about 16km from home. And the Kuala Lumpur city centre is only about 48km away, which motorists will be able to get there in approximately 45 minutes with clear traffic.
Making homes in Setia Warisan Tropika a great investment is also its proximity to many institutions of higher education such as the Xiamen University, LimKokWing University of Creative Technology, and the Multimedia University (MMU). There is also the Digital Free Trade Zone which is expected to create more job opportunities in the area, as well as the setting up of a manufacturing plant by Hartalega which will spur housing demand in the area.
For leisure, residents of Setia Warisan Tropika will be able to visit the Mitsui Outlet Park, Kuala Lumpur International Outlet, Alamanda Shopping Centre, D’Pulze Shopping Centre as well IOI City Mall in Putrajaya.
There is in fact much more to do in Putrajaya than just shopping – there is the annual fireworks event, annual Hot Air Balloon Fiesta, flyboard, paddle or water jetpack activities on the lakes of Putrajaya, or residents can simply zoom around on an e-scooter within Putrajaya and enjoy the sights.
In short, Setia Warisan Tropika is a serene and peaceful home tucked away in nature, but has more than just shopping entertainment in its backyard – they also have amazing outdoor activities bundled with great job opportunities.
If your interest has been piqued, learn more about this project at their website Belladonna @ Setia Warisan Tropika. You can otherwise call the developer at +603-8706 2552/553/557/558 or visit the sales gallery at No. 41, Jalan Warisan Sentral 1, Kota Warisan, Sepang.