Malaysia - Housing

Re: Malaysia - Housing

Postby winston » Sat Aug 03, 2019 7:56 pm

Malaysian Properties
a. JPPH: Overhang - 32,313 units (2018) vs 20,304 (2017)
b. Overhang would be greater if Serviced Residence and SOHOs are included
c. 2018 Residential Housing overhang: +31%
d. As at Dec 31, 2018, unsold completed residential units including serviced apartment and Soho totaled 45,027 units, valued at RM29.69bil.
e. There is a further 123,234 residential and commercial unsold units under construction as at the end of 2018
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Malaysia - Housing

Postby winston » Tue Sep 24, 2019 7:08 am

Unsold homes spike over 1H19, says Napic

By TOH KAR INN

According to the National Property Information Centre (NAPIC), bulk of the overhang units were condominium and apartment units priced between RM200,000 to RM300,000, mainly contributed by Perak.

There were 32,810 residential overhang units worth RM19.76bil, an increase in volume of 1.5% whilst the value decreased by 0.5%.

Condominium and apartment units comprised 43% of the overhang.


Source: The Star

https://www.thestar.com.my/business/bus ... bKKDqZy.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Malaysia - Housing

Postby winston » Thu Apr 30, 2020 8:33 am

Completed and unsold properties hit RM41.5bil

The bulk of the unsold units was contributed by high-rise units, Napic research data showed at a virtual launch of its Property Market Report 2019.

PETALING JAYA: The number of completed and unsold properties from all segments rose to RM41.5bil as at end-2019, with close to 57,000 units sitting on the books of developers, according to the National Property Information Centre (Napic).

More than 45% of the overhang in ringgit value was contributed by the residential housing of all classes, ranging from landed to high-rise units.

The bulk of the unsold units was contributed by high-rise units, Napic research data showed at a virtual launch of its Property Market Report 2019.

The 57,000 units unsold completed units in 2019 represents an 11.2% rise in volume, and 16.1% in terms of ringgit value compared to 2018.

Going forward, Napic said: “Finding the right solutions to the property overhang will continue to be the main agenda of the government” and solving the affordable housing would be its main stay, going forward.

Those priced RM300,000 to RM500,000 (7,883 units) formed 25.7% while more than RM500,000 (12,528 units) formed 40.9% of the total residential overhang.

An overhang, defined as completed unsold properties certified fit for occupation, underscores the dire situation in the broader property market, which has been undergoing a deep slump.

“High near-term downside risks resulting from the unforeseeable outbreak of coronavirus (Covid-19) worldwide may dampen the anticipated economic growth in Malaysia, particularly for the first half-year of 2020, ” Napic said.

The Valuation and Property Services Department under Napic will continue to monitor and evaluate the expected impact of the pandemic on the Malaysian property market and provide advisory to the government in ensuring that the market remains sustainable.

“The magnitude of the impact on the Malaysian economy would depend on the duration and spread of the outbreak not only in Malaysia but also in other countries, especially those that are Malaysia’s major trading partners, ” Napic said.

The statement said the government has given many incentives to cushion the impact on the property market.

“However, given the challenging market, coupled with the downside in consumers and business confidence, market activity and absorption are likely to be slow, ” it said.

“As Bank Negara expects the Malaysian economy to rebound in 2021 in tandem with projected global recovery, the property market is anticipated to move in similar trajectory, ” it said.

According to Napic, the bulk of the RM41.5bil overhang, or 45.34% of unsold completed units, are from the residential segment, valued at RM18.82bil (30,664 units).

Serviced apartments make up the second largest segment, at RM15.04bil comprising 17,142 units.

According to Napic, Johor retained the highest number and value of residential overhang in the country with 5,627 units worth RM4.7bil, accounting for 18.4% and 25%, respectively, of the national housing total.

Perak came second with 5,024 units worth RM1.52bil, followed by Selangor at 4,687 units worth RM3.75bil. Penang has 3,353 unsold completed housing units worth RM2.59bil.

The current Covid-19 pandemic is expected to impact further the local property market, the Association of Valuers, Property Managers, Estate Agents and Property Consultancies in the Private Sector (PEPS) said a day before yesterday’s release of the Property Market Report 2019.

PEPS president Michael Kong Kok Kee cited the impending unemployment situation facing the country, coupled with the high household debt, as factors.

Source: The Star

https://www.thestar.com.my/business/bus ... l#cxrecs_s
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Malaysia - Housing

Postby winston » Mon Apr 12, 2021 1:33 pm

6 hidden costs of buying a house in Malaysia

Source: FMT

https://www.freemalaysiatoday.com/categ ... -366156373
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Malaysia - Housing

Postby behappyalways » Thu Aug 19, 2021 8:38 pm

血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Malaysia - Housing

Postby behappyalways » Fri Sep 10, 2021 10:28 pm

挥之不去的疫情 大马房市有多惨烈? | 八点最热报 10/09/2021
https://m.youtube.com/watch?v=OFqGwQXFvGw
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Malaysia - Housing

Postby behappyalways » Sun Sep 12, 2021 3:02 pm

低息 + 发展商促销冲业绩 今年房市有利买家? | 八点最热报 11/09/2021
https://www.youtube.com/watch?v=qlFoqW5Ndyc
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Malaysia - Housing

Postby behappyalways » Mon Sep 13, 2021 7:12 am

疫下大马房市跌多起少 买家应否继续观望? | 八点最热报 12/09/2021
https://m.youtube.com/watch?v=t0ezZdxOhns
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Malaysia - Housing

Postby winston » Mon Jan 17, 2022 8:25 pm

5 risks when investing in Malaysian real estate

1. External factors
2. Shifting outlooks
3. Risks of delay, abandonment and inflated prices
4. Terrible tenants
5. Non-liquid nature


Source: PropertyAdvisor.my

https://www.freemalaysiatoday.com/categ ... al-estate/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Malaysia - Housing

Postby winston » Thu Jun 02, 2022 11:26 am

What you need to know about transferring property to family members in Malaysia.

Source: iproperty.com

https://www.iproperty.com.my/guides/tra ... dium=email
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to ASIA, OCEANIA & AFRICA: Data, News & Commentaries

Who is online

Users browsing this forum: No registered users and 10 guests

cron