Malaysia - Housing

Re: Malaysia - Housing

Postby winston » Wed Jun 28, 2017 8:27 am

Investors upbeat about Malaysian property

BY EUGENE MAHALINGAM

MIDF Research said Malaysian property sales are poised to grow in 2017 after three consecutive months of year-on-year (y-o-y) increase in approved loans.

“Based on Bank Negara’s monthly statistical bulletin for March 2017, approved loans for the purchase of property has increased 3% y-o-y to RM11.43bil.

“The increase is mainly driven by the 20% increase in loan applications, which implies that demand has improved significantly.”


Source: The Star

http://www.thestar.com.my/business/busi ... s25T3GD.99
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Re: Malaysia - Housing

Postby winston » Sat Jul 01, 2017 10:10 am

Rebalancing the housing market

BY THEAN LEE CHENG

Around the city and the suburbs, most high-rise units cost about RM1mil. Some of them remain untenanted and unoccupied for up to three years. While owners try to rent or sell their units, developers are also struggling to sell their completed units.


According to the National Property Information Centre’s (Napic) latest Property Market Status Report for the first quarter of 2017 (1Q17), launched units of condominiums totalled about 30,000. It comprises a third of total residentials launched.

A cumulative figure, it includes units launched for the quarter under review and from previous quarters.

About 5,000 units remained unsold, double that of a year ago, when there were 15,000 condominiums launched.


Serviced apartments are excluded. Starting 2016, Napic excluded serviced apartments from the residential sector. Serviced apartments are built on commercial land and are now categorised as commercial properties.

A third of the total residential overhang, or 28%, are condominiums.


According to Socio-Economic Research Centre executive director Lee Heng Guie: “After two years of decline (-12.8% in 2014 and -4.2% in 2015 respectively), total residential overhang surged 30.7% to 14,792 units at the end of 2016.”

This 14,792 units exclude the overhang situation in serviced apartments, which, since 2016, have been considered as commercial properties. If serviced apartments were included, the overhang in terms of units/ringgit value would be higher.

Lee says 1Q17 saw completed but unsold residential units totalling 17,809, a rise of 45.2% compared to the same period a year ago (12,268 units).


Source: The Star

http://www.thestar.com.my/business/busi ... x7XMUVz.99
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Re: Malaysia - Housing

Postby winston » Sat Jul 01, 2017 10:15 am

More homes come under the hammer

Analysing a slew of data from the National Property Information Centre, Lee says between 2012 and 2015, the incoming supply of residential units expanded by 10.7% per annum in 2012-15 and continued to grow by 8.2% in 2016.


Data from online auctions listings platform Auctionguru.com showed that the number of auctioned residential properties rose 14.4% to 6,225 cases in the first quarter of 2017, compared to 5,442 cases a year ago.

In terms of value, it jumped 31.4% to RM1.8bil in the first quarter of 2017 from RM1.37bil in the same period a year ago.


Source: The Star

http://www.thestar.com.my/business/busi ... WCSoTEI.99
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Re: Malaysia - Housing

Postby winston » Thu Jul 20, 2017 8:12 am

Property sector likely to recover in H2 of 2018

Kuala Lumpur saw its unsold stocks rise by 51% quarter on quarter, and 81% y-o-y.

Selangor saw a rise of 10% q-o-q, and 240% on a y-o-y basis, Johor 17% q-o-q and 35% on yearly basis.

Of these unsold stocks, 70,722 units, or 66% were still under construction.

Properties on auction also rose 14.4% compared with the previous year, Maybank IB reseach said.


Source: The Star

http://www.thestar.com.my/business/busi ... aP6qmAo.99
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Re: Malaysia - Housing

Postby winston » Mon Aug 07, 2017 4:42 pm

Luxury condo market likely to improve

BY EUGENE MAHALINGAM

According to CBRE|WTW’s 2017 real estate market outlook report, the total number of luxury condominiums in Kuala Lumpur stood at 38,064 units as of end 2016, an increase of 3,004 units compared with 2015.

It said the total number of luxury condominium units is expected to increase by 14,408 units in the next two years, to a total of 52,112 units by 2018.

Read more at http://www.thestar.com.my/business/busi ... 0qryh7Q.99


“Luxury condominiums in the Golden Triangle were transacted at RM1,280 per sq ft on average, whereas in secondary areas there was price appreciation of around 5%, to RM945 per sq ft on average.”

In terms of price structure, the report said 86% of existing condominiums are in the RM700 per sq ft to RM1,000 per sq ft range which could decline to 64% by 2019.

“Upscale condominiums (RM1,001 per sq ft to RM1,500 per sq ft) are expected to see the greatest growth averaging 4,000 units per year sharing 23% of total condominiums by 2019.”


Source: The Star

http://www.thestar.com.my/business/busi ... 0qryh7Q.99
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Re: Malaysia - Housing

Postby winston » Wed Aug 30, 2017 9:36 pm

What happens to your housing loan when you die?

BY VIKTOR CHONG

Source: The Star

http://www.starproperty.my/index.php/ar ... n-you-die/
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Re: Malaysia - Housing

Postby winston » Fri Sep 22, 2017 10:49 am

9 things to consider when buying property in Malaysia

1. Choose a strategic location
2. How to find a property in Malaysia?
3. Buy landed or condominium?
4. Choose under-development or completed property?
5. Reputable developer
6. Minimum purchase price
7. Choose a property based on your finances
8. Taking up a loan in Malaysia or Singapore?
9. Engage an independent mortgage advisor


Source: Property Guru

http://www.propertyguru.com.sg/property ... n-malaysia
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Re: Malaysia - Housing

Postby winston » Sun Nov 12, 2017 2:22 pm

Malaysia Properties - Weak until General Elections ?
i) Stamp duty for properties > RM1m, raised from 3% to 4%, effective 1/1/2018
ii) Properties purchased on DIS between 2010 and 2014, are now on the market
iii) 600k houses in planned supply; Altogether, 6.4m homes
iv) NAPIC: 1Q 2017: 5000 of 30,000 launched condos unsold; Doubled last year
v) Auctioned properties +14.4% to 6,225 cases in 1Q 2017
vi) KL: Unsold units +51% qoq and 81% yoy
vii) Selangor: Unsold units +10% qoq and 240% yoy
viii) CBRE: Luxury KL Condos: 52472 (2017) vs 38064 (2016) vs 33064 (2015)
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Re: Malaysia - Housing

Postby winston » Tue Nov 14, 2017 12:47 pm

Property market will be badly hit in 2018, says expert

Unsold completed residential units rose by 40% to 20,807 units in the first half of 2017 compared with the same period last year.


“Previously, house buyers needed to pay 10% as deposit. Today, the situation is different. Developers are in a desperate situation.

“That is why they are allowing buyers to pay 1% of the property price and pay the remainder upon completion,” he said.

They are in danger of losing their bridging finance from banks if they fail to sell at least 40% of the total units.

Markets will crash within 24 to 30 months.

Developers who started building two years ago are expected to flood the market further.

About RM16 billion of properties are waiting for buyers. But there is no demand.

Findings by the Employees Provident Fund show that 89% of Malaysians earn RM5,000 and below a month.


Source: FMT

http://www.freemalaysiatoday.com/catego ... ys-expert/
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Re: Malaysia - Housing

Postby winston » Sat Nov 18, 2017 2:04 pm

Bank Negara: Property glut highest level in a decade

There were 130,690 unsold units at the end of March this year, with 83% priced at above RM250,000. Also, 61% of the unsold units are high-rise apartments.


The number of completed residential units which have not been sold rose by 40% to 20,807 units in the first half of 2017 (1H17) compared with the same period last year.


The state with the largest oversupply of residential property was Johor.


Source: FMT

http://www.freemalaysiatoday.com/catego ... -a-decade/
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