As long as any potential buyers or those who are looking to rent cannot get access to the Gated Community housing areas, you can forget about selling /or renting out your property there. As simple as that. Nobody likes hassles when trying to enter and view these properties.
If they can't get access to those "enclosed" (enclave) residences, your chances of selling /renting out the houses there will be close to zero. What people can't view and find out more about, people can't be interested in.
Property developers and agents, please take note. The popularity of Gated Community Schemes have been on the downtrend for quite sometime now. Times have changed.
Nowadays the discerning house-buyers and investors are getting smarter as they prefer not to commit to Strata-titled GnG properties with long-term maintenance fees. They are not purchasing such properties anymore …unless they are very rich with lots of valuables and cash to be stashed around the house.
The average house-buyers nowadays prefer not to commit to GC schemes as they are costly in the long term. This is an expense you would have to commit to as long as you are living there. At around RM500 a month, one would have to fork out about RM6,000 each year and if you were to multiply that by 20 years, that would add up to RM120,000 assuming the rates did not increase during the entire period.
There are more and more people selling off their houses in their current G&G residences and moving out to non-gated housing scheme’s new housing developments.
There have been numerous stories of retirees and old folks moving out of gated housing residences thus cutting down on household expenses to help their children in owning a home for themselves. There are also other similar stories with slightly different intentions though.
With the rising cost of living and poor economic outlook, people are switching to more affordable lifestyle and monthly household expenses in general.
At the same time, Gated Communities do not tend to have higher resale values in the market when compared to similar housing. In some cases, they even had a slight price disadvantage. Gated communities do not have higher levels of community or being “close-knit” (Low, 2001).
And lastly, Gated Communities overall do not lower crime rates compared to similar communities without gates (Blakely and Snyder, 1997).
