Interest in luxury residential developments remains positive, driven by expected growth in Malaysia’s residential real estate
Desaru Coast, Malaysia (XX January, 2023) – Anantara Desaru Coast Residences, a boutique branded residential community on Peninsular Malaysia’s south-eastern coastline, reported positive interest from domestic and international investors at the start of the year as Malaysia’s residential real estate market shows signs of continued recovery in 2023.
2022 sees all but two of its beachfront pool villas sold or reserved, and construction completed in its remaining three-bedroom terrace and four-bedroom duplex pool villas.
The Malaysian property market is well on its recovery journey following the pandemic-induced slowdown in 2020, with the volume and value of property transactions recording an improvement in 2021 and 2022.
While interest rate hikes and the rising cost of living may remain as headwinds for other segments of the property market, the luxury segment remains resilient, bolstered by pent-up demand, positive macroeconomic sentiment following the election and the continued reopening of international borders.
“Going into 2023, we foresee growth in Malaysia’s residential real estate being primarily driven by niche high-end projects in premium locations: those that bring in both lifestyle as well as short- and long-term investment benefits,” said Mr. Micah Tamthai, Chief Operating Officer, Lifestyle and Real Estate, Minor International. “We also anticipate the current inflationary environment further boosting interest in luxury real estate among high net worth investors, as a way of hedging against inflation.”
With a prime location on a pristine beachfront, resort facilities and a rental programme managed by the adjacent five-star Anantara Desaru Coast Resort & Villas, Anantara Desaru Coast Residences is well-placed to capitalise on these trends.
Three- and four-bedroom beachfront villas offer direct access to Desaru Coast’s perfect white sands, while terrace villas boast expansive elevated views of the South China Sea. The most exclusive properties in the portfolio – four-bedroom duplex villas – feature two master suites, separate entrances for ground and upper living spaces, as well as a private wellness room, which is fully convertible into an office, home cinema or additional bedroom. All 20 residences feature a private infinity pool.
Significant public- and private-sector investment has raised Desaru Coast’s international profile: TIME magazine included the destination in its 2021 ‘World’s Greatest Places’ list. The only Malaysian destination to make the prestigious list, Desaru Coast was feted as “an ambitious new resort area [which offers] some of Malaysia’s most coveted luxury bolt-holes.”
Home to world-class hotels and resorts, championship golf courses, a family-friendly waterpark and a convention centre, Desaru Coast has additional leisure and wellness amenities in its future master plan. It is linked to Singapore on the expressway and by daily ferry service, and connected to other international destinations through Johor’s Senai International Airport.
“Desaru Coast’s rising international profile has fostered its reputation as an up-and-coming tourism and second home destination,” added Mr. Tamthai. “With only a handful of beachfront residences remaining for private ownership, Anantara Desaru Coast Residences presents a fantastic opportunity for domestic and overseas buyers looking for a luxury hideaway or investment in a sought-after real estate market.”
Ownership at Anantara Desaru Coast Residences starts at MYR 8 million. A private viewing can be arranged by contacting the team on +60 19 241 2296 or at propertysales@minor.com.
