Malaysia’s double-storey corner terrace house has a special place in the property market. Generally, it is a terraced house with extra land over and above the standard 22 x 75 feet lot (1,650 square feet).
What is considered to be the standard corner lot is a lot that measures between 3,000 square feet to 3,500 square feet in size. The popularity of this type of house is evident as the extra land (without a neighbour on one side) gives ample renovation opportunities and a more expansive space for the owner and the family members.
Furthermore, of course, the prices of the double-storey terrace corner lots sit between the standard terrace and the semi-detached houses, more often than they lean towards the semi-detached prices. It is becoming a trend in the second-hand market for the new owner to add another floor to the typical two-storey building before moving in, giving the remodelled built-up area over 4,000 square feet.
Terrace housing is widespread in Malaysia, especially in Kuala Lumpur and the Klang Valley suburbs. The following tables show selected transaction data of the most sought-after addresses for the middle class in the Klang Valley, which are self-explanatory.
In conclusion, it is best to say that the corner lots will always be tempting and attractive as they are always in short supply. The highest prices for corner lot terraces are in Taman Tun Dr. Ismail and Bandar Utama. This shows that location plays a significant role in pricing as it dictates the demand in the property market. Hence, the areas with the most amenities, advanced connectivity with access to mass transportation and good thoroughfares will continue to be in demand.
Source: IVI Research
