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Local Property Terms

Published: February 4, 2022

  • Strata title
    • Properties where multiple units are built as part of a shared development with shared amenities which usually refers to condos or apartments
  • Landed Property
    • Property where a unit is developed as part of a private parcel with no shared ownership responsibility, with an individual property title. Often refers to a bungalow, semi-detached, or terraced house.
  • Overhang
    • Refers to properties in Malaysia’s Real Estate market where supply outstrips demand, such as luxury condos in large developments. Overhangs are usually defined by state authorities.