If you’re someone who has always been into properties, you’d know that mixed-use developments have been prevalent; especially in today’s modern era. In fact, to this day, there seem to be continuous growths of these developments in Malaysia!
For today’s article, we will be talking all about what a mixed-use development is, and why is it so popular. We’ll also include examples of mixed-use developments in Malaysia. Shall we get started?
What is Mixed-Use Development?
Suggesting from its name; we’re pretty sure you have an idea on what a mixed-use development is – it’s a residential space which has two or more uses! Typically, the uses include entertainment, retail, transportation, office or commercial. To explain it simply – it’s everything you need in one space!
Mixed-use development is perfect for those who are interested in experiencing a modern living lifestyle. If you’re one who enjoys living in an area where you can go shopping or to the movies easily; or even someone who uses the public transport often – a mixed-use development might be just for you!
In Malaysia, most of the mixed-use developments are situated in the cities and towns of Kuala Lumpur. It will give all of the urbanites a brand new urban living experience. However, the real question remains unanswered – where? Don’t worry; we’ll answer that question for you in later part of this article.
Why is Mixed-Use Development Popular?
With the growing population in Malaysia, mixed-use development has become the first choice for someone who is looking for a new place to stay. There is one word which explains why a mixed-use development is so popular – convenient!
Living in a mixed-use development means you’ll have direct and full access to all kinds of conveniences. Be it to food courts, shopping malls, public transport, entertainment centres – you name it! And not only that; mixed-use developments are also suitable for companies who wish to open up spaces or offices. Hence, those living in mixed-use development area will be able to hunt for jobs too while they’re living there.
All these benefits are sure to attract the public’s attention. To answer the question earlier on; we have compiled a few examples of mixed-use developments which you can find in Malaysia. Read on to find out where!
1. Sunway City
When one mentions ‘Sunway City’, one thing will come to the minds of both locals and tourists – Sunway Lagoon! It is undoubtedly one of the most famous theme parks in Malaysia; anyone would love to visit it during the weekends or holidays. Who wouldn’t want to live near to this fantastic theme park, right?
Initially, the place was a derelict mining land with a size of 800 acres. It was then changed into a mixed-use development; making it one of the most recognisable ones in Malaysia. Here in Sunway City, you’ll be able to find combinations of Sunway Pyramid, office blocks and Sunway Resort Hotel and Spa. And of course, not to forget, the abundance of houses and condominiums all around!
2. Mid Valley City
If you enjoy shopping, Mid Valley City has got to be the perfect place for you. You’ll be able to visit both of its huge shopping malls which are Mid Valley Megamall and The Gardens Mall.
If that doesn’t sound exciting enough – you get to also gain access to the Kelana Jaya LRT Line upon living here. Moreover, you’ll also get a chance to use the Mid Valley KTM Station. This way, you’ll be able to travel around with ease; even to Kuala Lumpur’s city centre! Mid Valley City is undoubtedly the right place for those who often commute with public transport.
Now, if you’re currently looking for a place with an experience like never before, i-City might be it. To put it simply, it has almost everything an urbanite wants! Here you have Central i-City Shopping Mall, Wax Museum, Theme Park, DoubleTree by Hilton Hotel and many more!
The type of properties available in i-City varies from apartments to condominiums and even SoHos! All you have to do is choose on which you favour best. Here’s a fun fact: i-City is declared as an MSC Malaysia Cybercentre. Hence, the public visualises it as a digital city. Interesting! That explains why it’s one of the top mixed-use developments in Malaysia.
4. Tun Razak Exchange
Located in the heart of Kuala Lumpur, the Tun Razak Exchange is set to be the tallest building in Malaysia, so far. This 70-acre development is sure to impress all of its tenants. It has six residential towers consisting of more than 2000 apartments. Additionally, it also comes together with hotels, city centre retail and commercial office space.
Tun Razak Exchange also includes dedicated MRT interchange stations which are KL MRT Line 1 and Line 2! Being able to live here will surely be a dream come true to many urbanites.
And there you have it, folks! We’ve covered up on what a mixed-use development is and the reasons behind its popularity. Also, with the examples we’ve given, we hope it will be able to help you in choosing where to live. Looking to rent out property in these development areas? Rumah-i can help property owners with that! We offer comprehensives services such as property makeover, moving, maintenance, repair, cleaning and rental collection services to attract tenants. Engage us today to know more!