By Joseph Wong

Ever since the emergence of Desa ParkCity by Samling Group as a pioneering model in the property market, developers across Malaysia have been quick to recognise the allure of lakeside living. This trend has spurred the creation of numerous townships and residential projects that seek to replicate the success of Desa ParkCity's winning formula, which prominently features a picturesque lake park at its core.

Examples abound, with notable big property players such as Gamuda Land, Tropicana Corporation, Sunway Property and Matrix Concepts all venturing into the development of townships that capitalise on the appeal of lakeside living. Gamuda Land's Gamuda Gardens and Twentyfive7 townships, Tropicana Corporation's Tropicana Metropark, Sunway Property's Sunway City Iskandar Puteri and Matrix Concepts' Bandar Seri Sendayan are just a few instances of this burgeoning trend.

Mid-size players are also in the picture like Paramount Property’s Sejati Lakeside, LBS Bina Group’s D’Island  Residence and SkyLake Residence and SkyWorld’s SkySantuary. Even smaller, unlisted property developers have joined the fray, with Parkland Group's Bandar Botani Parkland and Sri Pajam's mini wetland projects demonstrating the widespread recognition of the market demand for such developments.

The magnetism of lakeside, riverfront and beachfront homes is undeniable, with properties in these locations often commanding a premium price. It is not uncommon for such properties to fetch prices as much as 30% higher than homes of comparable design and size in other locales. This premium is driven by a combination of factors, including the scenic beauty and tranquillity that waterfront living offers as well as the perceived lifestyle benefits associated with it.

One of the key attractions of lakeside living is undoubtedly the opportunity for residents to enjoy close proximity to nature. A lakeside setting provides residents with access to recreational activities such as jogging, cycling, picnicking and fishing, fostering a healthy and active lifestyle. 

Pet-friendliness a secondary draw

Indeed, as the trend of lakeside living gains momentum across Malaysia, there is a notable emergence of pet-friendly communities nestled along the tranquil shores of picturesque lake parks. Taking a cue from the pioneering efforts of Desa ParkCity, developers are also increasingly recognising the importance of catering to the needs of residents with furry companions, thereby fostering a sense of inclusivity and community cohesion.

The pet-friendly ethos championed by Desa ParkCity has resonated deeply with prospective homebuyers, particularly those who share their lives with beloved four-legged friends. In response to this growing demand, developers are incorporating pet-friendly amenities and policies into their lakeside projects, ensuring that residents and their furry companions can enjoy a fulfilling lifestyle in harmony with nature.

One of the key attractions of pet-friendly lakeside communities lies in their ability to offer ample space for pets to roam and explore. With sprawling green landscapes and designated pet-friendly areas, these communities provide the perfect backdrop for leisurely walks, spirited games of fetch, and bonding moments between pets and their owners.

Moreover, pet-friendly lakeside communities foster a strong sense of camaraderie among residents, united by their shared love for animals. Pet owners often form tight-knit communities, organising social events, pet-centric activities, and even pet adoption drives, creating a vibrant and inclusive atmosphere that enriches the fabric of the neighbourhood.

In addition to recreational amenities tailored to pets, such as dog parks and pet grooming stations, developers are also implementing pet-friendly policies that prioritise the well-being and safety of all residents. This includes responsible pet ownership guidelines, waste management initiatives and pet-friendly accommodation options within residential units.

The popularity of pet-friendly lakeside living underscores the evolving needs and preferences of modern homeowners, who increasingly view their pets as integral members of the family. By embracing pet-friendly principles, developers not only cater to a growing segment of the market but also foster a sense of belonging and community spirit that enriches the lives of all residents.

As pet-friendly lakeside developments continue to proliferate, a future where residents and their furry companions thrive amidst the beauty and tranquillity of waterfront living can be anticipated.

Health and wellness considerations

The presence of green spaces and water bodies also contributes to a sense of serenity and well-being, creating an oasis amidst the hustle and bustle of urban life.

Moreover, lakeside developments often boast well-planned amenities and infrastructure, including parks, playgrounds, jogging tracks and waterfront promenades, designed to enhance the quality of life for residents. These features not only add to the aesthetic appeal of the neighbourhood but also promote social interaction and community engagement, fostering a sense of belonging among residents.

From an investment standpoint, lakeside properties also hold considerable appeal. The scarcity of land in prime waterfront locations ensures that such properties retain their value over time, making them a sound investment choice for buyers seeking long-term capital appreciation.

However, it is essential for developers to strike a balance between preserving the natural environment and meeting the demands of urban development. Sustainable practices, such as green building initiatives and the preservation of natural habitats, are crucial for ensuring that lakeside developments remain environmentally responsible and resilient in the face of climate change.

The proliferation of lakeside living projects across Malaysia underscores the enduring appeal of waterfront properties. As developers continue to capitalise on this trend, we can expect to see more innovative and sustainable lakeside communities emerge, offering residents a harmonious blend of natural beauty, modern amenities and vibrant community living.

Why are lakeside properties more expensive?

Lakeside properties in Malaysia, particularly in areas like Kuala Lumpur, Petaling Jaya, Putrajaya, Cyberjaya, Johor and Penang are highly coveted for their scenic beauty and lifestyle benefits. The allure of lakeside living often results in higher property values compared to inland counterparts.

In a nutshell, factors contributing to higher values include:

• Scenic views: Lakeside properties offer picturesque views, which are often in demand among buyers seeking a serene and tranquil living environment.
• Recreational opportunities: Lakeside living provides opportunities for recreational activities such as boating, fishing and waterfront dining, enhancing the overall lifestyle appeal.
• Limited supply: Depending on the region, lakeside properties may have limited availability, driving up demand and consequently increasing property values.
• Status and prestige: Owning a lakeside property is often associated with prestige and exclusivity, which can further contribute to higher property values.
• Potential for higher ROI: Lakeside properties tend to appreciate at a faster rate compared to properties located inland, making them attractive investments for those seeking capital gains.The 2023 average rental yield for most residential properties is 3% or less but a lakeside property can still manage 4% to 7%.
• Tourism and development: Lakeside areas often attract tourism and subsequent development, leading to improved infrastructure and amenities, further enhancing the value of properties in the vicinity.

However, prices can vary depending on factors such as location, accessibility and the overall economic climate. Therefore, it is essential to conduct thorough research and consider various factors such as property condition, accessibility, amenities and future development plans in the area before making a decision on buying such a property. 

Stay ahead of the crowd and enjoy fresh insights on real estate, property development, and lifestyle trends when you subscribe to our newsletter and follow us on social media.