A pleasing vista is a must-have for many homebuyers. It is a joy to sit back and relax after a long, hectic day to a marvellous view. Be it striking city skylines, vibrant wilderness, or calming waters — a nice view can be a balm to the soul.
What constitutes a good view? According to Exastrata Solutions Sdn Bhd chief real estate consultant Adzman Shah Mohd Ariffin, a nice view usually depends on the location of the property.
“Location is a major factor affecting the value of property. Locations facing famous landmarks and iconic/well-known buildings are worth more to some homebuyers.
“Those with nature, waterfront, seaside and highland views are also sought after and often valued higher. Even pool views are considered to be valuable as well,” Adzman tells EdgeProp.my.
He adds that developers also tend to price condominium units located on higher levels at a premium due to their unobstructed views, citing about 10-20% premium depending on a developer’s pricing strategy.
The Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping concurs. “For any developer, when deciding on pricing, views are always the main factor.
“Let’s say one side of the building faces the Kuala Lumpur City Centre (KLCC) skyline, while another side is just a standard view of surrounding buildings, obviously the KLCC view will be higher priced.
“You will also notice that for many high-rise developments, the price goes up with every floor,” Lim says.
Meanwhile, PropNex Malaysia real estate negotiator Kenneth Goh has observed that properties with better views cost around 5% to 10% more. “Those properties will be premium-priced. Like those facing KLCC usually can go for more than RM20,000 extra,” says Goh.
Let the buyer beware
While a property with a nice view may look like a worthwhile investment, Adzman advises homebuyers to be wary of misleading or false advertising and be sure to conduct proper research and survey before proceeding with the purchase.
“Some views are overrated as in the past, when advertisements mentioned views of lakes and hills but they were located very far away, like 10km. These were marketing gimmicks used to promote the projects. Thus, it is important for purchasers to evaluate the home rationally,” cautions Adzman.
“It is easier to do so if the project has been completed and one can stand on the balcony and look out to evaluate the view. However, for projects which have not been completed or are under construction, one can only imagine and often, it is the sweet and honeyed words of the marketing person that convince the purchaser,” says Adzman.
Lim has another kind of advice for potential homebuyers, citing an incident in Ampang, Kuala Lumpur. “Many [homebuyers] paid extra for units with KLCC views during launching, but midway during construction, another project sprung up and this effectively blocked out the views.
The same could happen to those who bought sea view projects. When buying, do check if there are any future developments such as land reclamation. If yes, your sea view could well be a condominium view in the future,” warns Lim.
Echoing similar sentiments, Goh says that views do matter, but many developments are very close to each other, potentially obstructing some views.
“Consider other factors as well. For example, the unit has a nice view but faces the sun and tends to get very hot during the day. This inconvenience will put off some homebuyers.
“Think of the long-term. Do proper research. Your investment will not be as worthy if there are other developments obstructing yours,” says Goh.
Getting a property with a nice view does not have to be in the millions of ringgit. Here are some examples of residences on EdgeProp.my sales listings as of September 2019 that come with scenic views without putting too much strain on the pocket.