Pa International Property Consultants (Kl) Sdn
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MONTH: JUNE 2011 ISSUES: 06/2011 Property News PA International Property Consultants is a registered real estate firm committed to providing a comprehensive range of property solutions to meet the needs of investors, occupiers and developers. The Research Division provides core real estate information to clients and internal departments in order to ensure accurate real estate decision-making. Our research team has completed market studies and research work for various ongoing development schemes within Klang Valley, providing comprehensive economic analysis, property PA INTERNATIONAL market information, forecasts and consulting advice based PROPERTY CONSULTANTS (KL) SDN on reliable sources. Phone: 03-7958 5933 Fax: 03BHD-7957 5933 We constantly strive to present the most up-to-date Website: http://www.pa.com.my market knowledge in order to ensure clients are well- Email: [email protected] armed with sufficient data to make the right property decisions. Issues 6: 1-30 June 2011 GENERAL ECONOMIC & PROPERTY MARKET 1. Kenanga expects slower Q2 GDP growth (The Star, 24-June-2011) Malaysia GDP to moderate to 4.4 per cent in Q2 (Bernama, 23-June-2011) . According to Kenanga Research, the country’s Gross Domestic Product (GDP) growth is expected to slow down to 4.4% in the 2Q 2011 from 4.6% in the 1Q 2011 due to the impact of devastating earthquake in Japan and the social uprising in the Middle East and North Africa. On average, the GDP is projected to slow to 4.5% in the 1H 2011 from 5% in the 2H 2010. Kenanga Investment Bank Bhd has projected real GDP growth to expand to 6.8% in the 2H 2011, backed by an expected higher private spending spurred mainly by the government-initiated Economic Transformation Programme. MARKET ECONOMICGENERAL & PROPERTY . Furthermore, the inflation rate was expected to remain elevated in the 2H 2011 as food prices remained high as domestic demand improved as well as the impact of festive season. Kenanga also expected the average Consumer Price Index (CPI) growth to remain about 3% in the 2H 2011 comparatively matching the 1H 2011. 2. FDI growth to support six percent GDP target (Bernama, 23-June-2011) . A sustainable 5-10% annual increase in Foreign Direct Investment (FDIs) is expected to contribute 0.5% to 1% point rise in Malaysia’s Gross Domestic Product (GDP) growth, making the 6% GDP target achievable. According to Deputy Minister of International Trade and Industry, Datuk Mukhriz Mahathir, the government was aggressively combining FDI and Domestic Direct Investment (DDI) to be one of the growth engines to support the country’s growth towards a high income economy. Datuk Mukhriz also added, Malaysia FDIs in 2010 amounted to RM9 billion, a significant increase compared to the RM1.4 billion in 2009. 3. MBAM: Rising construction costs hurting industry (The Edge Property, 20-June-2011) . Rising building material costs are haunting construction companies again. Local builders say construction costs may rise at a faster pace than earnings, prompting players to seek greater liberty to import building materials and equipments at lower tariffs. Master Builders Associations Malaysia’s (MBAM) immediate past president, Datuk Ng Kee Leen, said construction costs here could rise by at least 15% next year if policymakers did not review their policies on imports of building materials and machinery. According to MBAM, building costs in the country had risen by some 10% over the last one year due to the combined impact of rising inflation and material prices, in addition to high import duties. For now, local builders can import steel products and cement at zero import duties. But players are lamenting that import taxes of 30% for other materials such as marble and tiles are on the high side. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 1 Issues 6: 1-30 June 2011 LAND TRANSACTIONS 4. Development land sale in Mukim Hulu Kinta, Perak (Bursa Malaysia, 15-June-2011) Location Kampong Razak, Mukim Hulu Kinta, District of Kinta, Perak Vendor Various Vendors Purchaser DKLS Premierhome Sdn Bhd (subsidiary of DKLS Industries Berhad) Title details Please refer: http://www.bursamalaysia.com/website/bm/listed_companies/com pany_announcements/search.jsp Mukim/ District Mukim of Hulu Kinta, District of Kinta, State of Perak Land tenure Leasehold 99 years (expiring on 25 November 2107) Description DKLS Group intends to develop the Land into a mixed development project comprising residential and commercial lots. Land area 6,783,598.80 sq ft (155.73 acres) Price RM51,825,280 @RM7.64 per sq ft Date of SPA 15 June 2011 LAND TRANSACTIONS LAND 5. Development land sale in Mukim Plentong, Johor Bahru (Bursa Malaysia, 10-June-2011) Location Mukim Plentong, Johor Bahru Vendor MA Realty Sdn Bhd (subsidiary of Olympia Industries Berhad) Purchaser Adawan Development Sdn Bhd Title details H.S (D) 60410, MLO 2277 Mukim/ District Mukim of Plentong, District of Johor Bahru, State of Johor Land tenure Freehold Description . The land is an unconverted land zoned for residential and commercial use. It has irregular shape and is generally undulating in terrain and partly swampy. The land is located adjacent to the existing housing scheme known as Taman Sri Intan and Taman Iskandar Johor. Land area 1,641,668.56 sq ft (15.2516 hectares) Price RM80,000,000 @ RM48.73 per sq ft Date of SPA 10 June 2011 6. Development land sale in Johor Bahru (Bursa Malaysia, 7-June-2011) Location Johor Bahru Vendor Ladang SPK Sdn Bhd Purchaser Rainbow Entity Sdn. Bhd (subsidiary of Gromutual Berhad) Title details Held under Geran 88701, Lot 4460 and Geran 98995, Lot 3028 Mukim/ District Township of Johor Bahru, State of Johor Land tenure Freehold Description Two pieces of lands zoned for mixed development, pending submission of application of conversion, subdivision and building plans. Land area Lot 4460 - 97,734.98 sq ft (0.908 hectare) Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 2 Issues 6: 1-30 June 2011 Lot 3028 - 578,527.88 sq ft (5.3747 hectares) Total land area : 676,262.86 sq ft (6.2827 hectares) Price RM44,000,000 @ RM65.06 per sq ft Date of SPA 7 June 2011 7. Agriculture land sale at Sungai Luai and Sungai Bawah, Niah Sarawak (Bursa Malaysia, 3-June-2011) Location Selangor Plantation Estate, Sungai Luai and Sungai Bawah, Niah, Sarawak Vendor Sheba Resources Sdn Bhd Purchaser R.H. Plantation Sdn Bhd (subsidiary of Rimbunan Sawit Berhad) Title details Held under Lot 56 Mukim/ District District of Sawai Land, State of Sarawak. Land tenure Leasehold 60 years (expiring on 21 February 2054) Description The parcel of land is currently with oil palm aged between 14 years and 16 years old. The Land use is for mixed zone land / country land. The land is situated at Sungai Luai and Sungai Bawah, Niah, Sarawak. Land area 522,803,108.70 sq ft (4,857 hectares) Price RM118,000,000 @RM0.23 per sq ft TRANSACTIONS LAND Date of SPA 3 June 2011 8. Development land sale in Mukim Tebrau, Johor (Bursa Malaysia, 2-June-2011) Location Mukim Tebrau, Johor Bahru Vendors Property 1: Eternal Structure Sdn Bhd and JMJ Construction Sendirian Bhd Property 2: Khoo Chang Chiang Property 3: Choo Keng Kwang, Teo Joo Chiang and Yeo Kheng Seng Purchaser Prairie Development Sdn Bhd (subsidiary of Gromutual Berhad) Title details Held under: Property 1: GM257 Lot 2922 Property 2: GM726 Lot 44572 Property 3: GM1514 Lot 2920 Mukim/ District Mukim of Tebrau, District of Johor Bahru, State of Johor Land tenure Freehold Description The vacant lands have been zoned for commercial development. Land area Property 1: 203,653.18 sq ft (1.892 hectares) Property 2: 84,755.03 sq ft (0.7874 hectare ) Property 3: 82,219.50 sq ft (0.7638 hectare) Total land area: 370,627.71 sq ft (3.4432 hectares) Price RM13,335,898 @ RM35.98 per sq ft Date of SPA Property 1: 28 Jan 2011 Property 2: 1 Feb 2011 Property 3: 2 June 2011 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 3 Issues 6: 1-30 June 2011 9. Development land sale in Melaka (Bursa Malaysia, 1-June-2011) Location Persisiran Pantai Klebang, Klebang Besar, Melaka Vendor Sentosacove Development Sdn Bhd (subsidiary Benalec Sdn bhd) Purchaser Vista Selesa Development Sdn Bhd Title details H.S (D) 69012 P.T. No. 427, H.S (D) 69013, P.T. No. 428, H.S (D) 69014 P.T. No. 429, H.S (D) 69015, P.T. No. 430, H.S (D) 69016 P.T. No. 431 and H.S (D) 69017, P.T. No. 432 Mukim/ District Pekan Klebang Sek II, District of Melaka Tengah, State of Melaka Land tenure Leasehold 99 years (expiring on 24 November 2109) Description . There are 6 separate titles. The Lands are situated approximately 7 kilometres west of Bandar Melaka and approximately 15 kilometres south west of Ayer Keroh Town. In future, the land will have direct access from the proposed Coastal Highway which links Duyong, Mahkota Parade, Kota Laksamana and Klebang. Total Land area 1,627,405 sq ft (151,191 sq m) Price RM45,567,323.20 @RM28 per sq ft Date of SPA 1 June 2011 TRANSACTIONS LAND Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 4 Issues 6: 1-30 June 2011 RESIDENTIAL PROPERTY IN KLANG VALLEY 10. 50% of Aquina sold in weekend launch (The Edge Property, 27-June-2011) PROJECT NAME Aquina, TTDI Alam Impian Location TTDI Alam Impian, Shah Alam Developer Naza TTDI Sdn Bhd Type Double-storey linked houses No.