Imagine greeting the ocean breeze each morning and seeing the sun set over pristine waters – well, that’s what you can expect when you call a beach home – your very own!
Even if you don’t plan to live in a beach home, purchasing one can be a money-smart addition to your investment portfolio. You can rent it out as a short-term holiday home a.k.a Airbnb and still utilise the space when you want or even as a long-term rental property.
Here are some amazing beach properties available in Malaysia:
1. Shamrock Beach, Penang
This exclusive and luxurious property sits on Penang’s coast of Tanjung Bungah, reserved for those willing to spend at least RM1.5 million or more. However, the hefty price tag appears to be justified when you consider that it is located right next to the beach! Such proximity means that the shore is only within walking distance. You’ll also appreciate the magnificent sea (or hill) views that surround this remarkable property.
Now in terms of size, these residential freehold homes, range from an impressive 2,600 sf to approximately 3,300 sf. With such homey spaciousness, these homes are ideal options for owner-occupation or even to be rented out to affluent tenants. The rental yield according to PropSocial data averages 7.75%, where rent per month ranges from RM9,000 to RM12,000.
You’ll also feel safe here with its low crime levels and 24-hour security (within a gated guarded community). Last but not least, pet owners will love that their animals are welcome!
Grandeur Bay, currently under construction, is estimated to be completed by May 2019 and it is already garnering plenty of interest! This is perhaps due to its claim of being a ‘Seafront Living Paradise’ in Johor. However, what’s more enticing is the fact that it is situated so close to Singapore. Those who work across the causeway, but live in Johor will find it a particularly strategic location to reside.
Even though this serviced residence expectedly comes under a commercial title, the good news is that it is still a freehold property. Moreover, it comes in various size and layout options that will be beneficial to those looking to buy small-to-medium sized homes (from 517 sf to approximately 1,800 sf).
In terms of pricing, the launch figure is estimated to be from RM180,000 onward, a sum that will attract a mixed group of buyers no doubt. Judging from the size and pricing of the property, the makeup of residents will likely consist of single-working professionals, families, expats and holiday-makers alike.
With the sheer number of units available, this mega development does not fall under the “highly exclusive” banner, but it should appeal to young or first-time buyers, holiday home investors as well as small families.
3. Serene Bay, Forest City
This property is also under construction and part of Johor’s modern high-rise Forest City project (along with Grandeur Bay). These apartments and villas come in various layout options making it apt for singles, couples and families.
Boasting sea views, as well as affordable prices, these homes are definitely worth a look for those interested to employ it as an Airbnb, long-term rental income or for investment purposes. These homes are also a good idea for owner-occupation as it does offer three and four-bedroom apartments, albeit at a pricier range.
Although the project is only expected to be completed by 2020 and with over 9,000 homes being built, it’s a hot property that could still sell out. This is because it is located in a highly strategic spot, along the proposed KL-Singapore high-speed rail route. Thus, interests in these homes are expected to quickly gain traction from both local and foreign buyers.
4. By The Sea, Penang
As its name suggests, this property really is located by the sea! Completed in 2015, the project is still a rather fresh option for those looking for properties in the coveted holiday locale of Batu Ferringhi.
The property makes for a fantastic investment holiday home as it is a prime tourist destination. Thus, if you are buying for the sole purpose of turning it into an Airbnb, this property might be the perfect choice.
Moreover, occupants will be spoilt for choice when it comes to restaurants and tourist activities. Even taxis can be conveniently hitched throughout the town.
Now, although these homes are not pet-friendly, buyers will appreciate other facilities and conveniences such as a swimming pool, gym by the river, jogging tracks, hammock lounge areas, a business centre as well as a concierge.
Owner-occupation is also a good idea especially for those looking to leave the bustle of the city behind and settle into a more laidback scene. Retirees and older folk might especially find the atmosphere which is both oddly energetic and serene, a welcoming change!
The properties are pricey, ranging from approximately RM1.5 million to RM3.6 million. But since it was built by trusted developers, SDB Properties – the team responsible for other quality, high-end projects like 20trees and Dedaun, the price tag might be well worth it.
5. Gurney Beach, Penang
Although completed almost 20 years ago, this well-kept condominium in Gurney Drive is still highly sought. The property overlooks the water and is not densely designed – there are only four units designated to each of its 39 storeys.
These condos are impeccably spacious and perfect for growing families with both layout options approximating 2,600 sf. Residents can also look forward to plenty of facilities and amenities such as 24-hour security, a gym, playground, barbeque pit, tennis court, sauna, and intercom system.
The advertised selling price according to PropSocial data range from RM1.75 million to RM2.2 million which is steep, but still somewhat comparable to nearby properties such as Moulmein Rise and Setia V Residences that are much newer
Nonetheless, there aren’t many properties for sale in Gurney Beach, so if you want to live here, your best option might be to rent. However, bear in mind that rentals are dear, averaging RM3,800 to RM7,000 (as of 2017), which again, is expected in a well-known holiday destination such as this one.