Results of the RESIDENTIAL vs. COMMERCIAL Poll
Last week, we ran a poll on residential versus commercial property for our readers, we’ve closed it and the results are in. We actually got a little over 100 votes, which is less than the response from our earlier polls. If you are interested in seeing the results of our earlier polls, you can see them listed below at the end of the article.
If you guys remember, the question was this:
QUESTION:
Malaysian condos are usually built on land that is designated as commercial or residential. Initially, commercial condos were more popularly known as serviced apartments, but now that differentiation is not so obvious are many commercial title projects are marketed the same.
In terms of the national land code and HDA, there is a world of difference, but what do you prefer as a buyer?
There were four choices available, and an overwhelming number of you voted for RESIDENTIAL only (65%). That’s almost 2 out of every three votes. 23% voted that they had no preference to either RESIDENTIAL or COMMERCIAL, while 5% prefered only COMMERCIAL.
The remaining 8% said they did not know the difference.
I think in this day and age where prime freehold land is getting more and more scarce, especially at prices viable for development, people are getting warmer to the idea of commercial development, although residential projects still hold the lure above anything else.
Thanks to all who participated in the poll, we look forward to the next one soon!
Poll: Freehold vs. Leasehold
Poll: What Is The Value of Your Next Property?
