Interest in Anantara Desaru Coast Residencies remains strong

While the economy in general was not too great, it appears that interest in luxury residential developments have remained positive. This was driven by expected growth in Malaysia’s residential real estate market. Anantara Desaru Coast Residencies certainly benefited from this sentiment as it ended up having a strong performance in 2022.

For the uninitiated, Anantara Desaru Coast Residences is a boutique branded residential community on Peninsular Malaysia’s South-Eastern coastline. According to the development, it reported positive interest from domestic and international investors this year as Malaysia’s residential real estate market shows signs of continued recovery in 2023.

2022 saw all of the Anantara Desaru Coast Residences beachfront pool villas, save for two of them, sold or reserved. What’s more, the residencies also saw construction completed in its remaining three-bedroom terrace and four-bedroom duplex pool villas.

Essentially, this means that The Malaysian property market is making stellar progress on its recovery journey following the slowdown in 2020 as a result of the global pandemic. Both volume and value of property transactions recording an improvement in both 2021 and 2022.

Moreover, while interest rate hikes and the rising cost of living may remain still very much affecting other segments of the property market, the luxury segment remains unfazed. This is bolstered by pent-up demand, positive macroeconomic sentiment following the election and the continued reopening of international borders.

Mr. Micah Tamthai, COO, Lifestyle and Real Estate, Minor International, said, “Going into 2023, we foresee growth in Malaysia’s residential real estate being primarily driven by niche high-end projects in premium locations: those that bring in both lifestyle as well as short- and long-term investment benefits.”

Mr. Micah also shared that this increased demand for luxury residencies is only going to increase and become a trend as he stated, “We also anticipate the current inflationary environment further boosting interest in luxury real estate among high net worth investors, as a way of hedging against inflation.”

With a prime location on a pristine beachfront, resort facilities and a rental programme managed by the adjacent five-star Anantara Desaru Coast Resort & Villas, Anantara Desaru Coast Residences is well-placed to capitalise on this trend. Plus with a variety of options to choose from, these residencies offer something for everyone.

Mr. Micah concluded with, “Desaru Coast’s rising international profile has fostered its reputation as an up-and-coming tourism and second home destination. With only a handful of beachfront residences remaining for private ownership, Anantara Desaru Coast Residences presents a fantastic opportunity for domestic and overseas buyers looking for a luxury hideaway or investment in a sought-after real estate market.”

More information can be found on the Official Anantara Desaru Coast Website.