Highest capital growth: Top 12 terrace homes in Malaysia

In our previous article on the best performing sub-sale residential properties in 2018, we covered the most popular high-rise product, condominiums. In this article, we will look at its landed counterpart – terrace homes. 

We observed some interesting patterns for the terrace home category in 2018, hence we have decided to extend the list to include 12 winners. The Klang Valley sits out this year’s list whereas Kedah, Perak and Negeri Sembilan garnered 3 spots, respectively on the highest capital growth roundup.

iProperty.com.my sourced transaction data from the Valuation and Property Services Department (JPPH) and compiled them accordingly to reveal Malaysia’s top 12 landed residential schemes in terms of capital appreciation. Terrace homes were selected to represent the landed residential category as this product was the most transacted property amongst Malaysian homebuyers in 2018.

The most notable observations were:

1) The three residential schemes in Negeri Sembilan which garnered top capital appreciation, (ranked #3, #5 and #6) are all located within the same sub-district of Bukit Kepayang and are within a 4km radius from one another.

2) The three residential schemes in Perak which garnered top capital appreciation, (ranked #2, #11 and #12) are all located in Lahat, a town roughly 20 minutes away from the Ipoh city centre.

3) Two of the residential schemes in Kedah which garnered top capital appreciation (ranked #7 and #10) are both located in Sungai Petani and are just roughly 6km apart.

4) Two of the (area) winners – Bukit Kepayang in Negeri Sembilan and Tabuan Heights/Jaya in Kuching – were also featured in the Top 5 condominium category.

The winners below are ranked according to the highest year-on-year growth in property value/capital appreciation in 2018 (November 2017 to October 2018) in comparison to 2017 (November 2016 to October 2017). Actual transaction data which were used to calculate the growth figures were sourced from the Valuation and Property Services Department (JPPH).

FIND OUT: What is capital growth & how is it calculated?

We also shared the median capital appreciation figures for all the terrace home projects in that specific area, so that readers will be able to see how well each winner fared in comparison to the neighbourhood’s overall performance.

NOTE: The Median PSF figures have been rounded up to the nearest whole number for ease of reporting.

1. Taman Ria (1st Phase), Padang Serai, Kedah

Capital Growth: 42.31% 

• 2018 Median PSF: RM232
• 2017 Median PSF: RM163
• Number of transactions: 14
• Padang Serai’s Capital Growth: 16.9%
• Padang Serai’s Median PSF: RM226

• Median Sales Price: RM159,000
• Title: Freehold
• Address: Taman Ria, Padang Serai, 09010, Kedah.

2. Taman Desa Aman, Lahat, Ipoh

Capital Growth: 39.47% 

• 2018 Median PSF: RM198
• 2017 Median PSF: RM142
• Number of transactions: 22
• Lahat’s Capital Growth: 8.2%
• Lahat’s 2018 Median PSF: RM184

• Median Sales Price: RM140,000
• Title: Leasehold
• Address: Taman Desa Aman, 31650, Lahat, Perak.

3. Taman Permai III, Bukit Kepayang, Negeri Sembilan

Capital Growth: 39.02% 

• 2018 Median PSF: RM364
• 2017 Median PSF: RM262
• Number of transactions: 18
• Bukit Kepayang’s Capital Growth: 16.5%
• Bukit Kepayang’s 2018 Median PSF: RM270

• Median Sales Price: RM371,500
• Title: Freehold
• Address: Taman Permai III, 70200 Seremban, Negeri Sembilan.

4. Tabuan Heights, Kuching, Sarawak

Capital Growth: 37.66% 

• 2018 Median PSF: RM479
• 2017 Median PSF: RM348
• Number of transactions: 13
• Kuching’s Capital Growth: 0.7%
• Kuching’s 2018 Median PSF: RM297

• Median Sales Price: RM570,000
• Title: Freehold & Leasehold
• Address: Tabuan Heights, 93350 Kuching, Sarawak.

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5. Taman Bukit Kepayang, Bukit Kepayang, Negeri Sembilan

Capital Growth: 37.18%  

• 2018 Median PSF: RM266
• 2017 Median PSF: RM194
• Number of transactions: 19
• Bukit Kepayang’s Capital Growth: 16.5%
• Bukit Kepayang’s 2018 Median PSF: RM270

• Median Sales Price: RM319,000
• Title: Freehold
• Address: Taman Bukit Kepayang, 70200 Seremban, Negeri Sembilan

6. Taman Permai II, Bukit Kepayang, Negeri Sembilan

Capital Growth: 36.93%  

• 2018 Median PSF: RM290
• 2017 Median PSF: RM212
• Number of transactions: 17
• Bukit Kepayang’s Capital Growth: 16.5%
• Bukit Kepayang’s 2018 Median PSF: RM270

• Median Sales Price: RM185,000
• Title: Freehold
• Address: Taman Permai II, 70200 Seremban, Negeri Sembilan.
  

7. Taman Ria Jaya (Phase 1), Sungai Petani, Kedah

Capital Growth: 36.86%  

• 2018 Median PSF: RM147
• 2017 Median PSF: RM107
• Number of transactions: 42
• Sungai Petani’s Capital Growth: 9.2%
  
• Sungai Petani’s 2018 Median PSF: RM169

• Median Sales Price: RM102,500
• Title: Freehold
• Address: Taman Ria Jaya, 08000 Sungai Petani, Kedah.
  

8. Taman Intan, Kluang, Johor

Capital Growth: 35.41%  

• 2018 Median PSF: RM216
• 2017 Median PSF: RM160
• Number of transactions: 16
• Kluang’s Capital Growth: 13.6%
  
• Kluang’s 2018 Median PSF: RM206

• • Median Sales Price: RM235,000
  • Title: Freehold
  • Address: Taman Intan, 86000 Kluang, Johor.

9. Taman Malim Jaya, Bachang, Melaka

Capital Growth: 35.39%  

• • 2018 Median PSF: RM275
  • 2017 Median PSF: RM203
  • Number of transactions: 31
  • Bachang’s Capital Growth: 24.8%
    
  • Bachang’s 2018 Median PSF: RM253

• • Median Sales Price: RM250,000
  • Title: Freehold & Leasehold
  • Address: Taman Malim Jaya, 75250 Malim Jaya, Melaka.
    

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10 Taman Kelisa Ria (Phase 1), Sungai Petani, Kedah

Capital Growth: 33.33%  

• • 2018 Median PSF: RM167
  • 2017 Median PSF: RM125
  • Number of transactions: 23
  • Sungai Petani’s Capital Growth: 9.2%
    
  • Sungai Petani’s 2018 Median PSF: RM169
• • Median Sales Price: RM118,000
  • Title: Freehold
  • Address: Taman Kelisa Ria, 08000 Sungai Petani, Kedah.

11. Taman Desa Pinji, Lahat, Perak

Capital Growth: 33.33% 

• • 2018 Median PSF: RM170
  • 2017 Median PSF: RM128
  • Number of transactions: 12
  • Lahat’s Capital Growth: 8.2%
  • Lahat’s 2018 Median PSF: RM184

• • Median Sales Price: RM100,000
  • Title: Freehold & Leasehold
  • Address: Taman Desa Pinji, Kampung Changkat Larang, 31650 Lahat, Perak.

12. Taman Badri Shah, Lahat, Perak

Capital Growth: 32.73% 

• • • 2018 Median PSF: RM136
    • 2017 Median PSF: RM102
    • Number of transactions: 13
    • Lahat’s Capital Growth: 8.2%
    • Lahat’s 2018 Median PSF: RM184
  • Median Sales Price: RM120,000
  • Title: Leasehold
  • Address: Taman Badri Shah, 30200, Lahat, Perak.

Check out Brickz.my to filter accordingly and check to see how a project is performing in comparison to its area. Find out how timely market data can empower your property purchasing decision here. 

FOOTNOTES:
1) The data system from JPPH officially records a property transaction once the stamp duty for the Sales and Purchase Agreement is paid, hence why the review period ended in October 2018, as the more recent data from JPPH has not been released yet. Analytics is based on the data available at the date of publication and may be subject to revision as and when more data becomes available.

2) The median sales price quoted for each project is the latest figures obtained from brickz.my.