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Emphasis On Township Development Using Strata Lease Schemes For Stratified Buildings: A Case Study Of Penang Island, Malaysia

Author

Listed:
  • Nur Huzaifah Zainal
  • Salfarina Samsudin
  • Fatin Afiqah Md Azmi

Abstract

In Malaysia, the concept of land leasing onto land title has been extended to the strata title of a multi-story building, known as the strata lease scheme. This case study aims to provide, firstly, an overview of strata lease schemes in Malaysia and, secondly, a discussion of how the intention of developing strata lease schemes led to the creation of a new township. Data were obtained through interviews and document reviews from a single case study named Bandar Baru Farlim in the State of Penang, Malaysia. This study highlights best practices in property development initiatives toward sustainable housing delivery.

Suggested Citation

  • Nur Huzaifah Zainal & Salfarina Samsudin & Fatin Afiqah Md Azmi, 2023. "Emphasis On Township Development Using Strata Lease Schemes For Stratified Buildings: A Case Study Of Penang Island, Malaysia," ERES eres2023_115, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2023_115
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    More about this item

    Keywords

    land development; strata lease scheme; strata title; township;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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