Did you noticed that, the modern lifestyle concept to stay above the shopping mall is very well accepted nowadays, especially for the group of yuppie (young urban professional) and young couple?
Pavilion Residences
The Pavilion Residences is an exclusive high-end service residence development located in the shopping district of Golden Triangle and Bukit Bintang Kuala Lumpur. It was built on above one of the best retail mall in Malaysia, The Pavilion Mall.
The Tropics Designer Suites
The Tropics Designer Suites serviced apartment is one of the latest completed subsale property in Petaling Jaya with its strategic location and great accessibility to 3 major highways – Lebuhraya Damansara Puchong (LDP), North Klang Valley Expressway (NKVE) and Sprint Highway.
It was built on above Tropicana City Mall, a new shopping centre in Damansara area. Can you imagine that, the first hand owners are now asking for an average selling price of RM350,000 for a small studio unit comes with built up area of 625sq.ft.
For your curiosity, most of them bought the smallest studio unit at about RM200,000 from developer during first launching few years back. From 200k becoming 350k, that’s a great investment right!
Where is your best location to invest in serviced residence above shopping mall?
Perhaps I should ask in this way:
Which shopping mall is the most preferred by you to stay above the mall?
{ 6 comments… read them below or add one }
Correct me if i am wrong. Is the apartment under residential or commercial tariffs for utilities, quit rent , etc?
Kris
it depends on the land
This sound to me like a service apartment.
obviously, it is serviced apartment
Service Apartment above Malls are mostly categorized as Commercial.
it is a trend.
good to go ahead as in Malaysia, car is a must because no house above the mall.