JOHOR BARU: Malaysians house-buyers are increasingly attracted to the lifestyle attached to high-rise residential living as it offers affordability, security features and good resale value.
ExaStrata Solutions Sdn Bhd chief real estate consultant Adzman Shah Mohd Ariffin said that with the Strata Management Act 2013 enforced last year, high-rise house owners' rights are better protected now.
"Housing statistics showed that as of June 2014, there were almost 5.5 million people in the country living in strata developments. There were 15,621 strata development schemes," he said in his talk titled 'Enhancing Condo Development Value Through Best Practice in Property Management' at the New Straits Times Press (M) Bhd (NSTP) MyRumah Property Showcase at Komtar JBCC today.
He said properties such as condominiums, apartments and small office and home offices (SoHo) could fetch better rental rates compared to landed property in many areas.
The MyRumah Property Showcase, which features talks by 24 property gurus, runs until tomorrow and is open between 10am to 10pm.