Malaysia - Housing

Re: Malaysia - Housing

Postby winston » Tue Dec 25, 2018 7:36 am

Unsold completed residential properties increase by 48%

by Thean Lee Cheng

Malaysia is entering 2019 with unsold completed residential units rising to 30,115 units as at Sept 30, 2018, an increase of 48.35% from the 20,304 units a year ago.

Johor has the largest number of unsold completed serviced apartments and SoHo units at 7,714.

JPPH depends on data fed to them by developers. Developers holding back information will not give a true and fair view of the situation. According to JPPH’s latest report, Kuala Lumpur has no unsold completed serviced apartments/SoHos.


Source: The Star

https://www.thestar.com.my/business/bus ... JuhQbZ6.99
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Re: Malaysia - Housing

Postby behappyalways » Thu Jan 31, 2019 8:58 pm

Malaysia to put $7.4 bil of homes on the sale rack in March
https://www.theedgesingapore.com/malays ... rack-march
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Re: Malaysia - Housing

Postby behappyalways » Sun Apr 14, 2019 5:30 pm

Man uses sledgehammer to show his displeasure at RM$2 million KL condo’s furniture & fittings
https://mothership.sg/2019/04/malaysia- ... mer-condo/
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Re: Malaysia - Housing

Postby winston » Thu May 02, 2019 7:49 am

Over 30% increase in unsold residential properties in Malaysia

30 Apr 2019

by Eugene Mahalingam

KAJANG: The year-on-year residential overhang in Malaysia increased to 32,313 units valued at RM19.86bil in 2018, an increase of 30.6% in volume and 27% in value, according to the Valuation and Property Services Department (JPPH).

In its Property Market Report 2018, JPPH said high rise units formed the bulk of the overhang units, representing 43.4% (14,031 units) of the total.

Meanwhile, unsold, unconstructed units also increased year-on-year to 19,865 units, up by 57.3%.

Unsold, under construction units also rose to 80,984 units, an increase of 30.9%.

Meanwhile, the number of new launches in 2018 recorded 66,040 units, which was a contraction of 14.9% as compared with 77,570 units in 2017.


https://www.thestar.com.my/business/bus ... -malaysia/
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Re: Malaysia - Housing

Postby winston » Sat May 11, 2019 5:39 pm

Malaysian property market: Wake up and smell the coffee

Based on Napic data, despite the perceived glut faced by the market, the overall Malaysian House Price Index continued to climb in 2018, rising by 3.1% y-o-y to 193.3 pts and on average, a home in Malaysia now cost RM416,993 compared with RM404,643 a year ago.

Key driver of price growth in 2018 was from terrace homes sub-segment, which rose by 6.4% y-o-y to RM387,474 while high-rise and detached homes declined by 1.2% and 1.8% y-o-y respectively.

Semi detached homes too saw a rise in price, rising by 2% y-o-y.


Source: The Star

https://www.thestar.com.my/business/bus ... Mr0GTdr.99
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Re: Malaysia - Housing

Postby winston » Sat May 11, 2019 5:39 pm

Malaysian property market: Wake up and smell the coffee

Based on Napic data, despite the perceived glut faced by the market, the overall Malaysian House Price Index continued to climb in 2018, rising by 3.1% y-o-y to 193.3 pts and on average, a home in Malaysia now cost RM416,993 compared with RM404,643 a year ago.

Key driver of price growth in 2018 was from terrace homes sub-segment, which rose by 6.4% y-o-y to RM387,474 while high-rise and detached homes declined by 1.2% and 1.8% y-o-y respectively.

Semi detached homes too saw a rise in price, rising by 2% y-o-y.


Source: The Star

https://www.thestar.com.my/business/bus ... Mr0GTdr.99
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Re: Malaysia - Housing

Postby winston » Thu May 16, 2019 8:25 am

Mont Kiara is upscale, affluent, surrounded by greenery, and one of the most densely populated neighbourhoods in the Klang Valley

Source: Star Property

https://www.propwall.my/news/111474/mon ... n-malaysia
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Re: Malaysia - Housing

Postby winston » Sun Jun 16, 2019 8:00 am

Foreclosures on the rise

by Thean Lee Cheng

The purchase of multiple units, prevalent in the years starting 2009/10, was due to developers giving huge rebates, the use of mortgage brokers, investor clubs and the speculative element in society, a source says.

These mortgage brokers may apply up to six banks for a buyer. When three approve a loan, instead of buying one house which cost RM800,000, the buyer may end up buying three.

The “motivation”, he says, is the cash rebate which sometimes run up to 30% of the house price.

On the conservative side, the buyer may be offered RM100,000 rebate for a RM800,000 house. Three houses mean RM300,000.

Assuming a 30% rebate, that is RM240,000 per house. So the borrower takes a 90% loan, or RM720,000. The buyer gets a “cash back” of RM160,000.

Banking sector’s “responsible lending measures” took effect on Jan 1, 2012. Interest bearing schemes were banned Jan 1, 2014.


As at Dec 31, 2018, Malaysia has unsold completed residential units including serviced apartment and small offices home offices totalling 45,027 units, valued at RM29.69bil.


Source: The Star

https://www.thestar.com.my/business/bus ... lJJkDsO.99
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Re: Malaysia - Housing

Postby winston » Tue Jun 18, 2019 1:12 pm

HK Investors Snap Affordable Properties In Malaysia

Source: SCMP

https://www.scmp.com/property/internati ... laysia-eye
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Re: Malaysia - Housing

Postby winston » Sun Jun 30, 2019 8:32 am

Overhang value exceeded 600% over five years

by Thean Lee Cheng

Over a five-year period between 2014 and the end of 2018, the number of unsold completed residentials grew from 11,816 units to more than 45,000 units by the end of 2018, including serviced apartments and small offices home offices (SoHos).

The residential overhang was valued at RM4bil at the end of 2014. It grew to RM29.7bil by the end of 2018, Napic records showed.

There is a further 123,234 residential and commercial unsold units under construction as at the end of 2018”.



Source: The Star

https://www.thestar.com.my/business/bus ... Q6izapJ.99
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