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.
Zainal, Nur Huzaifah, Salfarina Samsudin, and Fatin Afiqah Md Azmi. "Emphasis On Township Development Using Strata Lease Schemes For Stratified Buildings: A Case Study Of Penang Island, Malaysia." In 29th Annual European Real Estate Society Conference. ERES: Conference. London, United Kingdom, 2023.
Section: PhD Workshop