KUALA LUMPUR, April 20 — Residential property continued to dominate the overall property market in 2010, with 60.2 per cent of the total volume, according to the Property Market Report 2010.
The year saw 226,874 residential property transactions worth RM50.65 billion, 47.1 per cent of the total value of transactions.
The report prepared by the National Property Information Centre (NAPIC), a programme under the Valuation and Property Services department (JPPH) of the Ministry of Finance, was launched here today at the WISMA BSN.
The report said that the property market grew more than 15 per cent in the first two quarters, and continued to grow, although at a lower 8.5 per cent and 4.8 per cent in the third and fourth quarter respectively.
It has credited the positive growth to the measures and implementation of the two economic stimulus packages, amounting to RM67 billion.
There were 376,583 transactions registered in 2010 with a total worth of RM107.44 billion.
In terms of volume, the report said the highest increase of 22.1 per cent was recorded by industrial sub-sector.
By market share, the residential sub-sector continued to dominate with 60. 2 per cent, and by value, the development land sub-sector led with 53 per cent.
For residential properties, there was a 7. 2 per cent increase in volume and 21 per cent in value, compared with 2009.
Against 2009, the report said Putrajaya charted the highest increase in market transactions of 76.6 per cent, while in contrast, Labuan recorded a decrease of 21.3 per cent.
In terms of pricing, the Malaysian All House Price Index surged by 8.90 points to 140.7 points.
The price of an “average house” moved from RM184,574 to RM199,636 in the fourth quarter.
The report said that Kuala Lumpur had the highest price level in the country at RM430,163, followed by Selangor, at RM301,443, and Sarawak, at RM253,391.
It also said that houses priced below RM150,000 has the most demand with 57.1 per cent of transactions.
Units priced between RM250,000 and RM500,000 were the second most active price bracket, it said, accounting 14.9 per cent of the market activity.
As for high-end housing units above RM500,000, it’s market share moved upward to 16,782 transactions, with Selangor accounting for 7,726 transactions.
The report noted that terraced houses were the most sought-after house type with 36.3 per cent of transactions, followed by condominiums or apartments, and low-cost houses.
“The July and August increases in average lending rate (ALR) had partly contributed to the decline in sales performance of the residential new launches,” it said.
It also said that the average sales performance decreased to 45.7 per cent from 48 per cent.
There are signs of the market slowing down as construction activity in the residential sub-sector showed the “cautious behaviour” of developers, the report noted.
“The review period witnessed 95,938 completions compared with 103,335 units registered in 2009. Housing units, which began construction decreased marginally by 2.9 per cent to 84,210 units. Similarly, new planned supply reduced by 5 per cent to 76,306 units,” it said.
As for industrial properties, Selangor remained the nation’s largest contributer with 3,123 transactions, followed by Johor with 1,518 transactions.
Despite increased tourist arrivals, a 4.2 per cent growth against 2009, with a total of 24.6 million arrivals, the leisure sub-sector showed a lacklustre performance.
The report said that the average occupancy of three to five-star hotels declined to 53.1 per cent compared to 55.6 per cent from the year before, while the occupancy rate of all stars rated hotels also experienced downward trend to record 54.5 per cent.
As for the outlook of the year, NAPIC said the property market is anticipated to remain promising, supported by various measures proposed under the 10 Malaysia Plan (10MP) and 2011 Budget.
Apart from the implementation of the 12 National Key Economic Areas (NKEA), projects under the Economic Transformation Programme (ETP), public-private partnerships (PPP) projects, and the RM1 billion Facilitation Fund, there will also be commencement of “high-impact strategic development” such as the Mass Rapid Transit (MRT) project in June this year, the report highlighted.
“In the long term, the property sector should benefit form these projects. As new areas open up and new communities materialise, this will likely push up demand for housing and other facilities.
“The implementation of infrastructure projects in these regions is expected to spur new growth areas and hence activate local property market,” it said.
NAPIC also anticipates housing aid schemes to drive residential construction activity this year.
“The market will further be supported by the magnitude of the projects and the government’s strategic measures via its public-private partnership (PPP) initiatives. However, it is pertinent to note that the unrest in the Middle East countries are expected to cause an upward movement in oil prices and thus affecting the world economy.
“Subsequently, these may cause some impacts to the Malaysian property market,” it cautioned.
Details From:
http://www.themalaysianinsider.com/business/article/residential-properties-dominate-2010-with-transactions-worth-rm50b/
Wednesday, April 20, 2011
Inflation and demand to lift property prices 10%-20% this year
KUALA LUMPUR: Malaysian property prices are expected to increase at an average of between 10% and 20% this year, in light of rising inflation and increase in demand for local properties from foreigners, said Deputy Finance Minister Datuk Donald Lim Siang Chai.
“Inflation in 2010 stood at 2.2% and was at 2.4% in the first two months of this year. We expect it to be higher this year due to escalating food and oil prices,” he said after the launch of the National Property Information Centre's (Napic) property market report 2010 yesterday.
Lim also said many foreigners were looking to purchase property here because the prices of properties were cheaper than in neighbouring countries such as Singapore.
“And Malaysia, because of the ETP (Economic Transformation Programme) has attracted a number of investments from overseas. Investments last year were four times higher than 2009.
“We also expect more foreign companies to set up base here. Our Islamic banking is No. 1 in the world (so) all this will attract foreigners to come into Malaysia,” Lim said, adding that this would also contribute towards pushing up prices of properties in Malaysia.
He said rising oil prices would also cause prices to escalate.
“There's a lot of uncertainty in the Middle East. It's beyond our control and that (rising oil prices) will affect the other things,” he said adding that property prices in Malaysia were currently at a “manageable position.”
According to Napic's statistics, the Malaysian property market recorded 376,583 transactions in 2010 worth RM107.44bil.
Both the volume and value of transactions registered double-digit growth of 11.4% and 32.6% respectively from 338,089 transactions worth RM81.02bil in 2009.
Napic valuation director-general Datuk Abdullah Thalith Md Thani said 2010's (RM107.44bil) value was a new high for the Malaysian property market.
“In 2008 and 2009, we (Malaysian property market) suffered a bit. The volume of property transactions will go up (this year) but the margin will not be as high as last year.
“We had a good year last year because we rebounded from the sub-prime experience,” he said.
Abdullah added that Malaysia's fundamentals were still good, despite the uncertainties.
“People are worried about oil prices now but bear in mind, we are oil producers too. I will not say that property (by volume and value) will be better than 2010. There will be an increase. The question is the rate of increase.”
Napic expects the property market to remain promising in 2011, supported by various measures proposed under the Tenth Malaysia Plan and Budget 2011.
It said projects such as the Kuala Lumpur International Financial District, Mass Rapid Transit in Greater KL, the 100-storey Warisan Merdeka, the development of the Malaysian Rubber Board land in Sungai Buloh and the redevelopment of Pudu prison were expected to have positive spill-over effects.
Napic also said the Government's Skim Rumah Pertamaku to assist young adults to own homes below RM220,000, together with other incentives such as stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000 for first time buyers, would increase transaction volumes of homes in this price range.
“With the cessation of the Foreign Investment Committee's approval for the acquisition of properties by foreigners which took effect in June 2009, property investment in Malaysia will be more attractive to foreigners,” said Napic in a statement.
“Given that foreigners are only allowed to purchase commercial and residential properties priced above RM500,000, it is anticipated that more activities will be recorded in the high-end housing units in sought-after neighbourhoods,” it said.
Details From:
http://biz.thestar.com.my/news/story.asp?file=/2011/4/21/business/8525454&sec=business
“Inflation in 2010 stood at 2.2% and was at 2.4% in the first two months of this year. We expect it to be higher this year due to escalating food and oil prices,” he said after the launch of the National Property Information Centre's (Napic) property market report 2010 yesterday.
Lim also said many foreigners were looking to purchase property here because the prices of properties were cheaper than in neighbouring countries such as Singapore.
“And Malaysia, because of the ETP (Economic Transformation Programme) has attracted a number of investments from overseas. Investments last year were four times higher than 2009.
“We also expect more foreign companies to set up base here. Our Islamic banking is No. 1 in the world (so) all this will attract foreigners to come into Malaysia,” Lim said, adding that this would also contribute towards pushing up prices of properties in Malaysia.
He said rising oil prices would also cause prices to escalate.
“There's a lot of uncertainty in the Middle East. It's beyond our control and that (rising oil prices) will affect the other things,” he said adding that property prices in Malaysia were currently at a “manageable position.”
According to Napic's statistics, the Malaysian property market recorded 376,583 transactions in 2010 worth RM107.44bil.
Both the volume and value of transactions registered double-digit growth of 11.4% and 32.6% respectively from 338,089 transactions worth RM81.02bil in 2009.
Napic valuation director-general Datuk Abdullah Thalith Md Thani said 2010's (RM107.44bil) value was a new high for the Malaysian property market.
“In 2008 and 2009, we (Malaysian property market) suffered a bit. The volume of property transactions will go up (this year) but the margin will not be as high as last year.
“We had a good year last year because we rebounded from the sub-prime experience,” he said.
Abdullah added that Malaysia's fundamentals were still good, despite the uncertainties.
“People are worried about oil prices now but bear in mind, we are oil producers too. I will not say that property (by volume and value) will be better than 2010. There will be an increase. The question is the rate of increase.”
Napic expects the property market to remain promising in 2011, supported by various measures proposed under the Tenth Malaysia Plan and Budget 2011.
It said projects such as the Kuala Lumpur International Financial District, Mass Rapid Transit in Greater KL, the 100-storey Warisan Merdeka, the development of the Malaysian Rubber Board land in Sungai Buloh and the redevelopment of Pudu prison were expected to have positive spill-over effects.
Napic also said the Government's Skim Rumah Pertamaku to assist young adults to own homes below RM220,000, together with other incentives such as stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000 for first time buyers, would increase transaction volumes of homes in this price range.
“With the cessation of the Foreign Investment Committee's approval for the acquisition of properties by foreigners which took effect in June 2009, property investment in Malaysia will be more attractive to foreigners,” said Napic in a statement.
“Given that foreigners are only allowed to purchase commercial and residential properties priced above RM500,000, it is anticipated that more activities will be recorded in the high-end housing units in sought-after neighbourhoods,” it said.
Details From:
http://biz.thestar.com.my/news/story.asp?file=/2011/4/21/business/8525454&sec=business
大马房地产趋势, 郑水兴：最好最坏都在2011年
最近房地产市场犹如过山车，从2008年市场暴涨到2009年陷入危机，2010年又疯狂上涨，而2011年的市场又将会呈现一个怎样的局面呢？
本地著名的房地产投资顾问郑水兴认为，大马房地产业2011年“最好”和“最坏”的现象都会涌现，出现两者纵横交错的现象。国内房地产市场2011年将呈现两极化的现象，即地点优越、买气旺盛地区的产业将继续大好，而市价偏低、乏人问津地区的房产将持续低迷。
他表示，70%房贷顶限的确重组整个房产市场的投资机会，而首相纳吉的转型计划也彻底的塑造一个新的房产前景。对于日前政府对购买第三间房屋者实施70%房贷顶限的措施，目的是为了防止国内炒风，以达到居者有其屋的目标。身为郑水兴国际房地产投资者俱乐部创办人兼主席的郑水兴表示这不但对抑制投机活动毫无帮助，反而会打击整个房地产市场。
“这将促使产业的投机炒风和投资购兴，从住宅偏向商务产业以及从中高档房子移向中下价格的房宅。在投资者纷纷转向屋价较为廉宜且一般人都可负担的房屋之下，这也将导致中下房屋掀起涨潮，最终可能导致市场不再有廉宜房屋。”他说，我国大部分产业的价格乃属偏低，甚至还处在交易冷却的阶段。例如高档公寓和二线城镇房子，其中还有很多业主未能脱手，70%的房贷顶限对他们来说，简直是雪上加霜。
至于二手产业方面，一般房子在融资与估价方面都面对问题，而70%的顶限，可说是让他们负荷不来！即使是炙热的产业，也面对很多难以出售的窘境。因此，该项措施实施在经济大风暴还未复原的情况下，对整个房产市场是双重打击。
“因此，原本此措施要打击的投机炒风并没有受到抑制，政府的放贷限制依然无法阻碍房地产的发展。”
2011年最佳投资项目
郑水兴预测，2011年的房地产市场将再跃进一大步，最佳投资项目包括二手市场、经济发展重区、创新产业和有地房产，尤其是地点位于市区中心、发展特区和旅游区。
“首相纳吉早前宣布2011年财政预算案的一系列大计划，一些特区特别是经济发展重区以及外资进场的全球化发展区将会有重头好戏。投资者必须关注即将宣布的更多有策略性的计划，马来西亚将会朝向房地产全球化的舞台。”
郑水兴表示政府的大吉隆坡计划确实是一项非常有潜能的项目。策略性地发展城市计划既能提升我国在国际间的良好形象，又能带动城镇周边的发展。例如100层摩天楼的建设倘若能够拥有良好的策划，像这类型新款的办公楼或商用产业将备受拥护，不但能够大量吸引国内外的投资者，我国更可迈向国际化。因为我国多数的产业都无法达致国际水平，这些新型的办公楼是吸引外资入场的基本设施。
谈及产业类型的趋势及潜能，他称，未来的产业市场将出现大转变的现象。“我国的房产现象经过2009年的峰回路转的起伏后，2010年总的来说确实有着稍微回升的现象。至于2011年的情况，预测将再跃进一大步！特别是近年备受关注的创新产业如主题商用产业、有特别设计概念或新款的办公楼将可独占鳌头，绿色建筑物、还有商业化的工业产业及旅游产业都是可以投资的产业。”
大马房产市场料续看涨
郑水兴认为，事实上大马房地产还是有可以投资的空间。就以中价房产来说，一些近市区花园区的房子价格15年来未有太多的调整，但近来，虽然新推介工程的价格普遍上涨20% 至30%， 表面看来，价位实是有攀升的迹象，但却没有外间夸张传说的房产泡沫现象！
他强调，我国房产即便有上涨的迹象，却仍然低于应有的价格。然而，在二手中价房产的市场，价格尚未有大幅度的上升，价格也尚算偏低。总的来说，二者的投资机会还是偏多， 价格成长的空间还是非常大。
然而，2010年的房地产的确有一个很不健康的现象。 购屋者一窝蜂的追捧一些没有潜能的新建筑工程而且入场价格非常偏高，造成区域性小型泡沫，这些投资者将面对出售与出租的窘境。郑水兴劝告这些投资者必须尽快的抛售没有潜能的物业。
“尽管预料市场将继续看涨，房地产价格会进一步增加，但这只是局限在指定产业计划，并不是整体市场都高涨。至于风险最高的房地产，就是没有经济价值、偏远与过度供过于求的商务产业以及价格被炒高的房子。”
最后，郑水兴认为只要能捉紧机会，以及寻找最有潜能且未爆发的房地产，依然可以让投资者取得优异的回酬.
房產仍價高火紅
吉隆坡20日訊）大馬房地產業在2010年取得雙位數成長，成交額更破1000億令吉。其中，吉隆坡、沙巴及雪蘭莪的房地產價創下全國最高紀錄。
財政部副部長拿督林祥才指出，吉隆坡的屋價平均達到43萬163令吉、沙巴與雪蘭莪的屋價，則分別達到31萬5769令吉及30萬1443令吉。
去年房地產的交易量的成長率達到11.4％，總交易量達到37萬6583項，交易額更達1074億令吉，成長率32.6％。
「相比之下，在2009年共有33萬8089項房產交易，總值為810億令吉。」
林祥才今日為房地產業評估與服務局報告的2010年產業報告推介時指出，2010年大馬房屋價格指數則上升5.9％，從2009年的136.1分提高至144.1分。
「每間房屋的平均價則上漲8.2％，從2009年第4季的18萬4574令吉提高至2010年第4季的19萬9636令吉。」
林祥才說，價格15萬令吉以下的房屋，佔總成交量的57.1％；價格介於10萬令吉至15萬令吉的房屋，則佔17.3％。
民宅仍是主流
林祥才預料，今年的大馬房地產業備受看好，因可在政府最近推行的多項大型工程獲利，包括吉隆坡國際金融區、大吉隆坡捷運計劃工程、百層「獨立遺產」大樓、雙溪毛糯橡膠研究中心發展區、半山芭監獄重新發展計劃等。
他指出，住宅領域仍主導著整個房地產業，並佔60.2％。去年總共有4萬7698個單位的住宅推出市場，其中45.7％或2萬1799個單位已售出。
他說，發展商去年在興建住宅建築時仍採取謹慎的態度，無論是已經建成、開始動工或者新的房屋計劃，數量都比前一年少。
新落成建築減
林祥才說，辦公樓方面，2010年剛建成的建築數量減少24.1％；但是開始興建的辦公樓卻比前一年增長3倍，主要因為去年全國共有38間新的辦公樓開始動工。
他說，2010年商業建築的租用率為80.2％，比前一年的81.5％稍微下降。「這可能是因為出現一些新的商場，導致需求下降。」
他表示，去年總共出現33座新的購物中心，並提供50萬1106平方公尺的空間給商家租用。
「這也表示，全國總共有1059萬平方公尺的商業地段。」
http://www2.orientaldaily.com.my/read/A1/2Xmi0F5f1aMP1a0m0ksi48ce2v9l13mJ
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