Property
The importance of parking in high-rise residences
Ang Hui Hsien | 27 Jul 2018 00:30
About 15 to 20 years ago, the generation of home buyers were mostly inclined towards purchasing landed homes. Today’s home owners, in contrast, have no qualms about exchanging spaciousness for enhanced security and better facilities provided by high-rise residences.

With Malaysians being very much a car-centric society in spite of the improvements in the public transportation network, the availability of parking bays remains one of the major draws of condominium living 

While the current practice is for developers to designate a certain number of parking bays based on the size of the unit, there are still a number of apartments that do not come with parking allocation. Nevertheless, PropertyGuru Malaysia country manager Sheldon Fernandez believes this to be a rarity.

“Given the local landscape where most Malaysians drive or choose to own cars, most developers would opt to provide at least one parking for each unit of condominiums with parking bays of at least one to each unit.

“I believe condominiums without parking are a rarity and will remain so given the unique sentiment here towards car ownership,” he says.

Snippets
RHB partners AirAsia to offer BIG Loyalty points

RHB partners AirAsia to offer BIG Loyalty points


Construction of Bukit Bintang City Centre on track

Construction of Bukit Bintang City Centre on track first handovers to happen in Q1 of 2021