Property Launches Major News
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ECONOMIC OVERVIEW Property launches Key statistics Latest release Previous rate Apartments / Condos / Townhouses Two storey terraced houses Quarterly GDP growth 4.5% (4Q2009) -1.2% (3Q2009) Two & half storey terraced houses Annual GDP growth -1.7% (2009) 4.6% (2008) Two storey semi-d cluster houses Consumer Price Index (CPI) 1.2% (Feb-10) 1.3% (Jan-10) Two storey semi-d houses Two & half storey semi-d houses Industrial Production Index (IPI) 107.2 (Jan-10) 104.2 (Dec-09) Two storey detached houses Base Lending Rate (BLR) 5.80% (Mac-10) 5.51% (Feb-10) Two & half storey detached houses Exchange rate: RM to US dollar RM3.258 (30/03) RM3.390 (01/03) Major News Source: Department of Statistics Malaysia & Bank Negara Malaysia IOI expects brisk sales of Adenia phase … First quarter of 2010 (1Q2010) has shown significant improvement as compared Magna Prima to launch 5 projects in … with the precesdent quarter in 2009, where at the height of the global financial SP Setia in growth mode in southern Johor crisis, the government was forced to introduce two (2) economic stimulus Development of i-City enters 2nd phase… packages worth RM67 billion. Ivory seeks investor for planned hotel Sime Darby Property, Sunrise in RM1 bil.. During 1Q2010, it was announced that the country’s economic slump has ended New hotel to open soon in KL when it was announced that the country’s Gross Domestic Products (GDP) grew RM40 million swiftlet farm for Sarawak… by 4.5% in 4Q2009 after recording negative growths of -6.2%, -3.9% and -1.2% during the 1Q2009, 2Q2009 and 3Q2009, respectively. The overall GDP Residents unite against hillside condo… declined by -1.7% for the whole of 2009, which was better than the earlier Espio to invest RM60 million in Sibu… projection of between -4% and -5%. Putrajaya, Cyberjaya aim low New projects to be main driver of SATS.. The Bank Negara Malaysia (BNM) has also raised the Overnight Policy Rate One Damansara ready by 2014 (OPR) by 25 basis points to 2.25 on 4th March 2010 in a move to normalize the Hunza wants foreign retailer as anchor…. interest rate. The increase in the OPR has effectively increased the Base Lending Ireka ventures into KLCC Rate (BLR) to 5.8% from the previous 5.5%. The increase is imperative to reduce outflow of funds and to avoid building up of asset bubbles. IOI targets 100pc sales for 16 Sierra S2 Heights takes it to the next level Although the BNM has indicated the interest rate may be increased further Sunway to buy 60% in Spanland towards the remaining of 2010, the increase is not expected to affect the Genting opens 4 hotels at Resorts World... country’s economic performance. The interest rate is expected to remain at a New lease of life for prime site in KL level that is supportive of economic growth. Genting plans Iskandar Hub The Light to brighten IJM sales prospects In the absence of major price increases in key products and services, e.g. fuel E&O piles on the luxury for Quayside…. price and electricity tariff, the country’s Consumer Price Index (CPI) has been hovering between 1% and 2%. In 1Q2010, the government has also scrapped the Scouts to build hotel at HQ plan to withdraw the fuel subsidies for foreigners and vehicles with large engine SunCity plans to inject assets into REIT capacity, which was earlier scheduled to be introduced in May, 2010. The Mah Sing: Strong response to projects government has laso delayed the implementation of Goods Sales Tax (GST), Minply unit to build homes in Gemas which is expected to replace the services tax. Turning up the heat in Bukit Bintang Maymont expects all 'bungalows in the… Others JS Values Research & Consultancy Sdn Bhd 1 of 32 pages In spite of the global financial crisis, the tourists visited Malaysia increased to Mega Deals 23.6 million tourists in 2009 from 22 million tourists in 2008. The increase was recorded in spite of the global financial crisis and H1N1 influenza pandemic. Gadang unit in land deal According to World Tourism Organisation, Malaysia was one of the seven Railway land to be sold to Perak govt countries that had achieved positive growth in tourist arrivals in 2009, when the Axis REIT eyes RM1b asset base rest of the world experienced a 4% decline. Khind buying factories for rental income Selangor wants to acquire AmFIRST land On 30th March 2010, Prime Minister announced the first stage of New Economic Model (NEM) to enhance the country’s competitiveness and to move the country AmanahRaya REIT to buy two buildings... to high value chain economic model. While the first stage provides general MAXBIZ to sell two properties to JPC review of NEM, full announcement is anticipated in June 2010, in line with the I-Bhd unit sells five floors for RM4.94m announcement of the Tenth Malaysia Plan. Sutera Harbour Resort up for sale? Pricewood to sell building Bank Negara Malaysia launched the Bank Negara Annual Report 2009 Prinsiptek sells land for RM13.5 million and projected the country’s economy to grow by about 4.5% to 5.5% in SCAN buys shop offices 2010, underpinned by strengthening domestic and improving external Hwang-DBS buys properties for RM46m factors. Service sector is expected to remain the key contributor to the Mah Sing in land deal overall GDP Ibraco buying 15.69ha in Kuching Mah Sing acquires land Other key economic events that had taken place during the 1Q2010 are as follows: Mah Sing unit to buy land for RM45.5m Kwantas to buy land in Sabah for RM83m - A free trade agreement (FTA) between China and South East Asia came Ampwalk owners said to be in talks to… into force on 1st January 2010 Bolton LYL buys land for RM39million SP Setia buying Melbourne site for… - A RM1 billion project to build six buildings in the State administrative Harbour Link buys land capital of Kota Iskandar to house about 50 government departments and Talam unit sells land for RM35million agencies are expected to start next year. Others - Industrial Production Index (IPI) in January jumped 12.7% from the corresponding period in 2009, returning to double digit growth after Retail Corner’s almost five years Panasonic Malaysia plans 50 lumix… GCH Retail plans 3 distribution centres - Malaysia’s manufacturing sales rose 28.8% to RM43.3 billion in January Amway's new RM100m HQ to boost… from a year earlier, according to Department Of Statistics Poh Kong opening more outlets by July - Hong Kong based Sun Bear Solar Ltd, a global player in the solar Carrefour opens another outlet in Kota …. industry, will be investing RM5.2 billion in a solar glass manufacturing T.G.I. Friday’s target market is driven… nd plant in Kota Kinbalu Industrial Park Carrefour opens its 22 store Chaswood seeks franchisees to expand… - The price of crude palm oil (CPO) for May gained 1.32% or RM35 to QSR eyes 20 new outlets, optimistic… settle at RM2,685 per tonne KFCH to invest RM3m in 5 new …. Chain Carrefour opens first outlet in… - The total investment value approved for the manufacturing sector in McDonald’s plans 30 outlets outside… Sabah increased to RM5.9 billion in 2009 compared with RM1.05 QSR expanding in Cambodia billion in 2008. GCH setting up Giant hypermarket in Sarawak Others JS Values Research & Consultancy Sdn Bhd 2 of 32 pages PROPERTY LAUNCHES Minimum Minimum selling No Project Developer Units sizes (Sq Ft) prices Apartments / Condominiums / Townhouses 1. Alam Idaman, Shah Alam CB Land Sdn Bhd 326 807 – 1,130 RM 232,102 2. Symphony Heights, Selayang Daya Niaga Sdn Bhd 946 863 – 1,247 RM 135,200 3. Cheras Heights Luxury Condo, Sycal Properties SB 300 1,394 – 2,823 RM 352,480 Taman Bukit Cheras 4. Lagoon Suites, Kota Kemuning, Hicom Gamuda 174 500 – 900 RM 166,800 Shah Alam Development 5. One Damansara Condominium, Medan Prestasi 899 1,396 – 2,525 RM 298,766 Damansara Damai 6. Sunway SPK 3 Harmoni, Bandar Sunway SPK Homes 180 2,290 – 2,580 RM 800,000 Manjalara, KL Sdn Bhd 7. Light Point @ The Light Jelutong 88 1,830 – 4,090 RM 1,209,600 Waterfront, Penang Development SB 8. Moonlight Bay, Batu Ferringhi, Ivory Properties 20 1,950 – 2,200 RM 1,308,800 Penang Group 9. The Peak Residences, Tanjung Ivory Properties 600 1,000 – 5,000 RM 300,000 Tokong, Penang Group Two storey terraced houses 1. Cempaka Suria, Kota Seriemas Seriemas 34 1,650 RM 309,753 Development SB 2. D Kayangan, Shah Alam (Type Lebar Daun 94 2,240 RM 674,999 Arabella) Development SB 3. Bdr Parklands, Klang (Type Gabungan Efektif 84 1,650 RM 338,000 Tulip (B7)) Sdn Bhd 4. Cahaya Alam, Shah Alam (Type Must Ehsan 70 1,650 RM 375,500 Camellia) Development SB 5. Bayuemas, Klang (TypeWarisan) I & P Group 94 1,540 RM 304,888 6. 16 Sierra, Puchong IOI Properties 147 1,650 RM 448,900 JS Values Research & Consultancy Sdn Bhd 3 of 32 pages Minimum Minimum selling No Project Developer Units sizes (Sq Ft) prices 7. Taman Sutera, Kajang (Zen 2) Modal Ehsan SB 122 1,540 RM 450,800 8. Hillpark Home, Kajang Metro Kajang 244 1,400 RM 278,160 Holdings Bhd 9. Bdr Putera Klang 2, Klang (Type Malayapine Estates 210 1,400 RM 185,800 Basella) Sdn Bhd 10. Saujana Sutera, S2 Heights, IJM Land Bhd 116 1,650 RM 333,344 Seremban 2, (Type Serena) Two & half storey terraced houses 1.