A relatively new concept for the Malaysian property market, a studio apartment is defined as a compact and self-sufficient single room property with areas designated for work, leisure, study and rest. The only separate door with the door in a studio apartment will only be the bathroom.
A studio apartment is a lucrative investment option with easy entry and exit points as well as cost effective for young professionals. A number of aspiring property buyers who are unable to invest in a landed property or 3-bedroom apartments due to high price points, tend to seek out studio apartments as it is the next perfect alternative.
A CASTLE FOR ALL
For fresh graduates like Calvin Nanthan, a professional photographer, looking to own a property with a fresh graduate pay is almost impossible – but doable upon months of research.
“Studio apartments are especially trending among singletons and couples because most people who start working or those who recently got married cannot afford big apartments or landed properties, especially in Kuala Lumpur or Iskandar Malaysia as studio apartments provide comfort and security at minimal investment,” Calvin commented.
Studio apartments have smaller living space, hence keeping the apartment cool with air conditioning units will take less energy, providing bachelors the benefit of low maintenance.
“For such people particularly who spends most of their time at their workplace, it’s even better for those who can buy a studio apartment nearer to their workplace as it will help them save aplenty on transportation and commuting cost,” Calvin said.
THE INCH DIFFERENCE
Other than the cheaper price tag and the inexpensive recurring costs such as water and electricity bill, there is not much difference between a bachelor pad and landed properties or apartments.
“The most important aspect to consider in any property purchase is location. If I were to buy a residence of any kind, it must be close to all kinds of facilities and amenities, if not for a decent address,” Calvin opined.
Most studio apartments in Kuala Lumpur such as Maytower Apartments in Dang Wangi and Epic Suites in Puchong are in close proximity to various office towers, schools, colleges, hospitals, shopping malls, hypermarkets, movie theatres and various al fresco cafés. Being nearer to commercial and industrial hubs will also be an added value as they will be a prime demand in and around business districts and IT centres.
CREATING MASS APPEAL
To make these units liveable, developers and designers must be mindful of the space design concept as there is no room for wasted space and standard-sized furniture and appliances. Most studio apartments now come with custom made built-in furniture systems, such as built-in seating or beds with under-unit storage.
“Most studio apartment showrooms that I have seen offer high ceilings to create a much more spacious feeling for a compact apartment while large window expanses provide enough natural lighting to make the unit feel more open,” Calvin said.
“Small spaced apartments will also create affordable housing in the open market as a government’s mandated affordable quotas as well as incentives,” he added.