DOCSLIB.ORG

Kuala Lumpur

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Powered by Powered by Kuala Lumpur Residential Market Update January 2019 The formation of a new government following Malaysia’s recent general election is already having a positive impact Economic indicators on the economy. Nominal quarterly GDP growth for Malaysia, Malaysia-wide unemployment, inflation and the overnight policy rate Consumer sentiment has been improving following the three month tax holiday, with the introduction of the GDP Quarter-on- Malaysia Overnight zero-rating of the Goods and Services Tax (GST), effective 1.7% Quarter Growth 3.25% Policy Rate from 1st June 2018, and the re-introduction of the Sales and Q2 2018 September 2018 Services Tax (SST) on 1st September 2018. This has been reinforced by strong employment and a low inflation rate; in Unemployment Rate Inflation Rate August 2018, unemployment levels stood at 3.4% and the 3.4% August 2018 0.2% August 2018 inflation rate was low at 0.2%. In the second quarter of 2018, the Business Conditions Index Nominal GDP growth Unemployment Rate Inflation Rate 6% (BCI), published by the Malaysian Institute of Economic Research, hit its highest level for the past 13 quarters at 5% 116.3 points. In addition, the continuing development of Kuala 4% Lumpur’s new financial district, Tun Razak Exchange, looks set 3% to further boost Malaysia’s growing financial services sector. 2% Keeping pace with rapid urbanisation is the development 1% progress of transport infrastructure in Greater Kuala Lumpur 0% (GKL). The completed and on-going Light Rail Transit (LRT) and Mass Rapid Transit (MRT) lines are enhancing mobility and -1% connectivity within the region, and helping to transform GKL -2% into a sustainable and liveable metropolis. -3% This positive sentiment is also reflected in the movement of -4% Malaysian Ringgit. At the beginning of October 2018, it was -5% trading at $0.24, which is up from $0.22 in October 2017. 2017 2015 2014 2016 2018 Source: Knight Frank Research, Macrobond, Department of Statistics Malaysia, Central Bank of Malaysia 2 Residential Market Kuala Lumpur Sales Market Insight Current conditions in the Kuala Lumpur sales market. Despite recent tax changes, the GST products, the market continues to self-correct exemption of the housing sector has meant in certain locations. With affordability the key 4 that Kuala Lumpur’s property market has issue in the domestic housing market, both the Years since there has been positive double- remained relatively stable. public and private sectors (developers) are digit price movement in Kuala Lumpur focusing on building affordable and mass Central Region The House Price Index for the capital’s Central housing within the Greater Kuala Lumpur Region has continued its upward trend, albeit region, supported by lower land costs and at a slowing pace. In the first quarter of 2017, improved connectivity. Investments and the index’s growth rate stood at 8.9%; by the progress in road and rail infrastructure continue first quarter of 2018, this had dropped to its to promote townships in the suburbs and 3.3% lowest rate since 2013 at just 2.1%. This may in transit oriented developments (TOD) along Decline in sales in the year to March 2018 in part be due to the ‘wait and see’ approach the rail lines. Kuala Lumpur Central Region adopted by some potential purchasers and investors prior to the election. Kuala Lumpur’s prime housing market, concentrated in the Kuala Lumpur Central A slew of cooling measures implemented to Region, offers great investment opportunities. 2.1% curb speculative activities since 2012, have Supported by the Malaysian My Second Home Improvement of house price index in Kuala stabilised the housing market. The double-digit Programme, its property prices remain among Lumpur Central Region in the year to price growth seen in Kuala Lumpur’s Central the cheapest in Asia. March 2018 Region in 2013 has moderated over the past five years, with residential market transaction levels in 2017 falling to below 3,000 units per quarter. Amid the growing gap between housing affordability and the available residential Residential prices Residential transactions Household growth The annual percentage change in House Price Index The number of residential transactions The annual increase in number of households in Kuala Lumpur Central Region in Kuala Lumpur in Kuala Lumpur 20% 5,000 15,000 12,000 15% 4,000 9,000 10% 6,000 3,000 5% 3,000 0% 2,000 0 2017 2013 2015 2014 2016 Q1 2017 Q1 2015 Q1 2013 Q1 2014 Q1 2016 Q1 2018 Q1 2017 Q1 2015 Q1 2013 Q1 2014 Q1 2016 Q1 2018 Q3 2017 Q3 2015 Q3 2013 Q2 2017 Q4 2017 Q2 2015 Q2 2013 Q4 2015 Q4 2013 Q3 2014 Q3 2016 Q2 2014 Q2 2016 Q4 2014 Q4 2016 Q3 2017 Q3 2015 Q3 2013 Q2 2017 Q4 2017 Q2 2015 Q2 2013 Q4 2015 Q4 2013 Q3 2014 Q3 2016 Q2 2014 Q2 2016 Q4 2014 Q4 2016 Source: Knight Frank Research, Source: Knight Frank Research, Source: Knight Frank Research, Department of Statistics Malaysia National Property Information Centre (NAPIC) National Property Information Centre (NAPIC) Residential Market Kuala Lumpur Rental Market Insight A look at the recent conditions in the Kuala Lumpur rental market. The performance of the Kuala Lumpur amid a tight leasing environment putting Central Region rental market in recent years further pressure on overall rents. As the gap 11.4% is better understood in context of its supply between supply and demand widens, tenants Annual increase in the number of listings in and demand situation. continue to have the upper hand when the first quarter of 2018 negotiating rents and tenancy agreements, The residential rental market, in particular be it for a new lease or to renew one. Despite for the high-end high-rise segment in the this gap widening, rental prices in Kuala city, continues to be tenant-led and heavily Lumpur have increased by 2% in the year 2% impacted by oil prices falling since 2014. to March 2018. Increase in rental prices in the year to The overall number of listings for the residential The 2018 Budget announced a 50% tax March 2018 segment has been increasing since the second exemption for Malaysian residents, extending quarter of 2017. Many of the projects launched to up to three years and covering rental income prior to the abolishment of the Developers not exceeding RM2,000 per month, per Interest Bearing Scheme (DIBS), announced property. This tax relief is expected to boost the under Budget 2014, were completed in the late rental market for properties commanding rents The residential rental market continued to 2016/2017 period. This inevitably led to an below the threshold, and will also help to be tenant-led due to a mismatch in supply increase in the cumulative residential supply, support the housing needs of lower income and demand particularly the high-rise stratified units. groups who have been priced out of the Central Region housing market. Since making its way into the market in early 2009, the DIBS created an opportunity for property speculation. Its abolishment, coupled with the impact of the cooling measures, has led to a slowdown in overall market activities, with many completed units available for rent Rents Rental leases Financial & business services The annual percentage change in rents in Kuala The annual percentage change in number of listings on Annual change in employment in financial & Lumpur Central Region iProperty in Kuala Lumpur business services in Kuala Lumpur 12% 35% 80,000 10% 30% 70,000 8% 25% 6% 60,000 20% 4% 15% 50,000 2% 10% 0% 40,000 5% -2% 30,000 0% -4% -6% -5% 20,000 -8% -10% 10,000 -10% -15% -12% -20% 0 2017 2013 2015 2014 2016 Q1 2017 Q1 2015 Q1 2013 Q1 2014 Q1 2016 Q1 2018 Q3 2017 Q3 2015 Q3 2013 Q2 2017 Q4 2017 Q2 2015 Q2 2013 Q4 2015 Q4 2013 Q3 2014 Q3 2016 Q2 2014 Q2 2016 Q4 2014 Q4 2016 Q1 2017 Q1 2016 Q1 2018 Q3 2017 Q3 2015 Q2 2017 Q4 2017 Q4 2015 Q3 2016 Q2 2016 Q4 2016 Source: Knight Frank Research Source: Knight Frank Research, iProperty (Malaysia’s largest Source: Knight Frank Research, Macrobond, Oxford Economics property website) 4 Local Performance Local Residential Market Performance A look at market performance in the prime residential area over the past three months. 1 Old Central Business District 6 Ampang Hilir / U-Thant Price 3 months Price 3 months N/A 0.7% Rent 3 months Rent 3 months N/A -6.8% Prime gross yield Prime gross yield N/A 4.7% 7 Mid Valley City 17 2 Perdana Botanical Garden / KL Eco City / Seputeh Price 3 months Price 3 months N/A -2.0% 13 Rent 3 months Rent 3 months N/A -6.4% 16 Prime gross yield Prime gross yield 12 14 N/A 4.8% 3 Kuala Lumpur City Centre 8 Bangsar South 10 Price 3 months Price 3 months -0.2% 3.3% 15 2 Rent 3 months Rent 3 months -4.0% -4.3% Prime gross yield Prime gross yield 4.1% 4.7% 11 9 4 Bukit Bintang 9 KL Sentral / Brickfields Price 3 months Price 3 months 7 -3.7% 4.5% Rent 3 months Rent 3 months 8 8.1% 6.2% Prime gross yield Prime gross yield 3.2% 4.9% 5 Imbi / Pudu 10 Damansara Heights Price 3 months Price 3 months N/A -3.6% Rent 3 months Rent 3 months N/A 2.2% Prime gross yield Prime gross yield N/A 3.5% Local Performance Price 3 months | the change in average prices over the 3 months to June 2018 Rent 3 months | the change in average rents over the 3 months to June 2018 Prime gross yield | the gross yield at June 2018 given average prices and rents 15 Taman Tun Dr Ismail 11 Bangsar / Bukit Kiara Price 3 months Price 3 months 0.0% -1.6% Rent 3 months Rent 3 months 5.6% -4.7% Prime gross yield Prime gross yield 4.3% 2.6% 16 Kampung Sungai 12 Mont’ Kiara / Sri Hartamas Penchala Malay Reserve Price 3 months Price 3 months 0.7% N/A Rent 3 months Rent 3 months 0.0% N/A Prime gross yield Prime gross yield 5.8% N/A 3 6 13 Dutamas 17 Desa ParkCity Price 3 months Price 3 months 1 4 3.3% 7.1% Rent 3 months Rent 3 months 5 7.2% -4.3% Prime gross yield Prime gross yield 4.6% 3.5% 14 Taman Duta / Kenny Hills (Bukit Tunku) Price 3 months 3.9% Rent 3 months N/A Prime gross yield N/A 6 Local Focus Kuala Lumpur City Centre Overlooked by the iconic Petronas Twin Towers, Kuala Lumpur City Centre combines the buzz of being in the middle of the action – and the opportunity to shop until you drop – with the calm sanctuary of KLCC Park.
Recommended publications
  • Destination: Malaysia a Great Place to Own a Property Complimentary Copy

    Destination: Malaysia a Great Place to Own a Property Complimentary Copy

    Destination: Malaysia A great place to own a property Complimentary copy. Complimentary copy. for sale. Not Destination: Malaysia Contents Chapter 1 Chapter 2 Chapter 4 Why choose Malaysia? 4 A fertile land for 17 What to do before 42 economic growth you buy? More bang for your buck 5 Ease of property purchase 7 Chapter 5 Tropical weather and 8 Malaysia My Second Home 44 disaster-free land Low cost of living, 9 Chapter 6 high quality of life Thrilling treats & tracks 48 Easy to adapt and fit in 10 Must-try foods 51 Safe country 11 Must-visit places 55 Fascinating culture 12 Chapter 3 and delicious food Where to look? 22 Quality education 13 KL city centre: 24 Quality healthcare 14 Where the action is services Damansara Heights: 26 The Beverly Hills of Malaysia Cyberjaya: Model 30 smart city Useful contact numbers 58 Desa ParkCity: KL’s 32 to have in Malaysia most liveable community Mont’Kiara: Expats’ darling 34 Advertorial Johor Bahru: A residential 37 Maker of sustainable 20 hot spot next to Singapore cities — Sunway Property Penang Island: Pearl 40 The epitome of luxury 28 of the East at DC residensi A beach Destination: on one of the many pristine Malaysia islands of Sabah, Malaysia. PUBLISHED IN JUNE 26, 2020 BY The Edge Property Sdn Bhd (1091814-P) Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia MANAGING DIRECTOR/ EDITOR-IN-CHIEF — Au Foong Yee EDITORIAL — Contributing Editor Sharon Kam Assistant Editor Tan Ai Leng Preface Copy Editors James Chong, Arion Yeow Writers lessed with natural property is located ranging Chin Wai Lun, Rachel Chew, beauty, a multi-cul- from as low as RM350,000 for any Natalie Khoo, Chelsey Poh tural society, hardly residential property in Sarawak Photographers any natural disas- to almost RM2 million for a landed Low Yen Yeing, Suhaimi Yusuf, ters and relatively home on Penang Island.
  • Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1St Half 2008

    Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1St Half 2008

    Research Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1st Half 2008 Contents Kuala Lumpur Hotel • Condominium Market 2 • Office Market 5 • Retail Market 8 • Hotel Market 10 Penang Property Market 12 Retail Johor Bahru Property Market 14 Residential Office Executive Summary Kuala Lumpur • The high end condominium market stabilised in the first half of 2008 in terms of take up, capital values and rentals. • Rentals and occupancies of prime offices continued to rise due to the current tight supply of good quality office buildings. • Several retail centres located at fringes of KL City are undergoing refurbishment works to remain competitive. • The performance of the hotel industry had been resilient attributed to high tourist arrivals and receipts, which led to the increase in average room rates and occupancies. Penang • Most of the high end condominium projects which are nearing completion have been sold, with prices being revised upwards. • The retail industry performed well with higher tourist arrivals in Penang. • The asking rentals of newly completed offices with better IT facilities are ranging from RM2.50 to RM3.50 per sq ft per month. Johor • The high end residential market is gaining momentum with the positive development of Iskandar Malaysia. • Prime retail centres continued to enjoy growth in rentals and occupancies. • Office sector remains healthy at an average occupancy of 70%. 2 Real Estate Highlights - Kuala Lumpur | Penang | Johor Bahru • 1st Half 2008 Knight Frank Figure 1 Projection of Cumulative Supply Kuala Lumpur High End Condominium Market for High End Condominium (2008 - 2010) Market Indications 30,000 The high end condominium market generally stabilised during the first six months of the year with one 25,000 notable new project, The Regent Residences (across Twin Towers), recording prices in excess of RM2,500 per sq ft.
  • Kenanga Islamic Fund

    Kenanga Islamic Fund

    KENANGA ISLAMIC FUND ANNUAL REPORT For the Financial Year Ended 31 December 2019 cover.indd 1 3/16/20 2:28 PM KENANGA ISLAMIC FUND Contents Page Corporate Directory ii - iii Directory of Manager’s Offices iv Fund Information 1 Manager’s Report 2 - 6 Fund Performance 7 - 9 Trustee’s Report 10 Shariah Adviser’s Report 11 Independent Auditors’ Report 12 - 14 Statement by the Manager 15 Financial Statements 16 - 47 KIF_Revised13Mar2020.indd 1 16/3/2020 10:08:39 AM CORPORATE DIRECTORY Manager: Kenanga Investors Berhad Company No. 199501024358 (353563-P) Registered Office Business Office Level 17, Kenanga Tower Level 14, Kenanga Tower 237, Jalan Tun Razak 237, Jalan Tun Razak 50400 Kuala Lumpur, Malaysia 50400 Kuala Lumpur, Malaysia Tel: 03-2172 2888 Tel: 03-2172 3000 Fax: 03-2172 2999 Tel: 03-2172 3080 E-mail: [email protected] Website: www.KenangaInvestors.com.my Board of Directors Investment Committee Datuk Syed Ahmad Alwee Alsree (Chairman) Syed Zafilen Syed Alwee (Independent Syed Zafilen Syed Alwee (Independent Member) Director) Peter John Rayner (Independent Peter John Rayner (Independent Member) Director) Imran Devindran Abdullah (Independent Imran Devindran Abdullah (Independent Member) Director) Ismitz Matthew De Alwis Ismitz Matthew De Alwis Norazian Ahmad Tajuddin (Independent Norazian Ahmad Tajuddin (Independent Member) Director) Company Secretary: Norliza Abd Samad (MAICSA 7011089) Level 17, Kenanga Tower, 237, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia. External Fund Manager: Kenanga Islamic Investors Berhad Company No. 199701036457 (451957-D) Registered Office Business Office Level 17, Kenanga Tower Level 14, Kenanga Tower 237, Jalan Tun Razak 237, Jalan Tun Razak 50400 Kuala Lumpur, Malaysia 50400 Kuala Lumpur, Malaysia Tel: 03-2172 2888 Tel: 03-2172 3000 Fax: 03-2172 2999 Tel: 03-2172 3080 Trustee: Universal Trustee (Malaysia) Berhad Company No.
  • EY KL Calling 2020

    EY KL Calling 2020

    KL calling: dynamic, digital, diverse Investors guide Foreword The next phase of Kuala Lumpur’s growth is pivoting towards next-gen industries, including Industry 4.0. In recent years, Kuala Lumpur has garnered investments from high-tech multinational corporations in advanced medical technologies, digital e-platforms, Internet of Things, robotics and higher-value Global Business Services. Malaysia’s world-class infrastructure, supportive government policies and agencies Dato’ Abdul Rauf Rashid and future-ready digital talent proficient in EY Asean Assurance Leader English and Asian languages continue to Malaysia Managing Partner attract international businesses to establish Ernst & Young PLT their regional headquarters and centers in Kuala Lumpur. Beyond 2020, I envision that Kuala Lumpur will holistically evolve to become a smart digital city, driven by a balanced community purpose, i.e., to serve its residents’ needs and systemically improve common facilities and amenities for the well-being of Malaysians, business residents, expatriates and international visitors. Malaysia welcomes investors to recognize Kuala Lumpur’s 3 D strengths: dynamic, digital, diverse, and participate in Kuala Lumpur’s next exciting transformation! Selamat datang ke Kuala Lumpur! KL calling: dynamic, digital, diverse | 1 Our strategy is to be as close as “possible to our customers to understand their needs and to Malaysia’s fundamentals remain develop suitable products and “ solutions to fulfil their strong and attractive to investors. requirements. As the region’s most competitive manufacturing Despite the COVID-19 pandemic, powerhouse, Kuala Lumpur we remain in active discussions emerged as a natural favorite. with potential investors. Although some investors are ABB taking a wait-and-see approach, others remain committed to their investments as they hold a long- About 16 months into our term view.
  • Avara Brochure 12.5Inc Square 32Pages ENG FA Web

    Avara Brochure 12.5Inc Square 32Pages ENG FA Web

    www.avara.com.my Developer : BA SHENG SDN BHD (1058822-W) No. 10 (Lot 30), Jalan Seputeh, 58000 Kuala Lumpur. T: +603-7972 3365 Developer’s License No.: __________ • Validity: __________ – __________ • Advertising Permit No.: __________ • Validity: __________ – __________ • Building Plan Approving Authority: Dewan Bandaraya Kuala Lumpur • Building Plan Approval No.: BP S1 OSC 2017 1667 • Expected Date of Completion: 48 months (October 2021) • Land Tenure: Freehold • Land Encumbrances: Charged To RHB Bank Berhad (October 2021) • Type of Property: Serviced Apartment • Total Units: 366 • Selling Price: Type A (46 Units - 667 sq ft) – RM731,250.00 (Min.) RM821,250.00 (Max.) • Type A1 (23 Units - 689 sq ft) – RM757,500.00 (Min.) RM843,750.00 (Max.) • Type B (23 Units - 807 sq ft) – RM868,750.00 (Min.) RM958,750.00 (Max.) • Type C (91 Units - 829 sq ft) – RM890,000.00 (Min.) RM980,000.00 (Max.) • Type D (46 Units - 915 sq ft) RM970,000.00 (Min.) RM1,067,500 (Max.) • Type E (23 Units - 1,087 sq ft) RM1,126,250.00 (Min.) RM1,217,500.00 (Max.) • Type F (23 Units - 926 sq ft) RM981,250.00 (Min.) RM1,071,250.00 (Max.) • Type G (23 Units - 1,076 sq ft) RM1,116,250.00 (Min.) RM1,207,500.00 (Max.) • Type H (22 Units - 850 sq ft) RM910,000.00 (Min.) RM1,000,000.00 (Max.) Type I (46 Units - 1,216 sq ft) RM1,238,750.00 (Min.) RM1,328,750.00 (Max.) • Bumiputra Discount: 5% • Restriction in Interest: N/A. IKLAN INI TELAH DILULUSKAN OLEH JABATAN PERUMAHAN NEGARA.
  • Malaysia Real Estate Highlights

    Malaysia Real Estate Highlights

    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2015 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU KUALA LUMPUR HIGH END CONDOMINIUM MARKET (MPC) meeting in May in an effort to support economic growth and domestic HIGHLIGHTS consumption. • Softening demand in the SUPPLY & DEMAND high-end condominium With the completion of seven notable segment amid a cautious projects contributing an additional market. 1,296 units [includes projects that are physically completed but pending Madge Mansions issuance of Certificate of Completion • Lower volume of transactions and Compliance (CCC)], the cumulative expected to come on-stream. The KL in 1Q2015. supply of high end condominiums in City locality will account for circa 35% Kuala Lumpur stands at 39,610 units. (1,310 units) of the new supply; followed • Developers with niche high by Mont’ Kiara / Sri Hartamas with Approximately 45% (582 units) of the new 34% (1,256 units); KL Sentral / Pantai / end residential projects in KL completions are located in the Ampang Damansara Heights with 20% (734 units); City review products, pricing Hilir / U-Thant area, followed by some and the remaining 11% (425 units) from and marketing strategies in 26% (335 units) in the locality of KL City; the locality of Ampang Hilir / U-Thant. a challenging market with 16% (204 units) from the locality of KL lacklustre demand, impacted Sentral / Pantai / Damansara Heights Notable projects slated for completion by a general slowdown in the area; and 14% (175 units) from the Mont’ in KL City include Face Platinum Suites, economy, tight lending Kiara / Sri Hartamas locality. Le Nouvel, Mirage Residences as well as guidelines, weaker job market the delayed project of Crest Jalan Sultan The three completions in Ampang Hilir amongst other reasons.
  • Social Network Urban Lounging

    Social Network Urban Lounging

    URBAN LOUNGING A FEAST FOR THE SENSES, YEARNINGS & CRAVINGS QUENCHED STEAL AWAY & Brilliant retail atriums in the integrated mall lend itself to shopping in leisure, BE CHARMED INSTEAD with a selection that will tease your whims and tickle your emotions. BY CHANCE ENCOUNTERS Amidst restful revelry, sail into languid daydreams in hideaways of artful & greens. AN ELEGANT CANVAS TO SET THE SCENE FOR LIFE’S EVER-CHANGING COMPOSITIONS SOCIAL Functional and flexible resort home living in 700 to 1,900 sf layouts. NETWORK Embellished for fulfillment with quality built-ins and dual-key unit option. WE DON’T MEET PEOPLE BY CHANCE, THEY ARE MEANT TO CROSS OUR PATHS. Recharge, bond and rejoice in Senada’s 2-acre Sky Park Garden. The perfect balance of indoor and outdoor recreation facilities – swimming pool, jacuzzi, jogging deck, gymnasium, and function room – shape carefree memories and special occasions. please propose... TQ BENEATH THE FACADE LOVE UNFOLDING EVERY HOUR LIVES UNCOVERED EVERY DAY A multi-faceted development that evokes strong emotions. Guarded with round-the-clock security, this prestigious development nestles comfortably on the pristine fairways of one of Asia’s best golf courses, TPC Kuala Lumpur. Neighbouring suburbs such as Bukit Tunku, Damansara Heights, a prime Taman Tun Dr Ismail, Sri Hartamas, Mont’ Kiara and Bangsar It will elevate you with new sensations and presents location are amongst Kuala Lumpur’s most established. Alya’s gloss is further refreshing sights, sounds, tastes and experiences. SET WITHIN KUALA LUMPUR’S enhanced by world-class amenities like international schools, From residential to retail to business, it promises MOST AFFLUENT WESTERN SUBURB, shopping malls and commercial centres, all close by.
  • Malaysia Real Estate Highlights

    Malaysia Real Estate Highlights

    RESEARCH REAL ESTATE HIGHLIGHTS 2ND HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Despite the subdued market, there were noticeably more ECONOMIC INDICATORS launches and previews in the TABLE 1 second half of 2016. Malaysia’s Gross Domestic Product Completion of High End (GDP) grew 4.3% in 3Q2016 from 4.0% Condominiums / Residences in in 2Q2016, underpinned by private 2H2016 The secondary market, however, expenditure and private consumption. continues to see lower volume Exports, however, fell 1.3% in 3Q2016 of transactions due to the weak compared to a 1.0% growth in 2Q2016. economy and stringent bank KL Trillion lending guidelines. Amid growing uncertainties in the Jalan Tun Razak external environment, a weak domestic KL City market and continued volatility in the 368 Units The rental market in locations Ringgit, the central bank has maintained with high supply pipeline and a the country’s growth forecast for 2016 at weak leasing market undergoes 4.0% - 4.5% (2015: 5.0%). correction as owners and Le Nouvel investors compete for the same Headline inflation moderated to 1.3% in Jalan Ampang 3Q2016 (2Q2016: 1.9%). pool of tenants. KL City 195 Units Unemployment rate continues to hold steady at 3.5% since July 2016 (2015: The review period continues to 3.1%) despite weak labour market see more developers introducing conditions. Setia Sky creative marketing strategies and Residences - innovative financing packages Bank Negara Malaysia (BNM) lowered the Divina Tower as they look to meet their sales Overnight Policy Rate (OPR) by 25 basis Jalan Raja Muda KL City target and clear unsold stock.
  • Malaysia Property Market Trend Analysis (Commercial)

    Malaysia Property Market Trend Analysis (Commercial)

    Property Market Trend Analysis Commercial Savills Malaysia May 2019 GREATER KL Retail Market Overview Retail Supply in Greater KL . Well-supplied market, Cumulative Retail Supply in Greater KL with 64 mil sq ft of KL City KL Suburbs Outer KL Greater KL shopping mall & Future Supply: hypermarket in the +21 mil sf region. 90.00 85 . Basically, both the office 84 78 and retail markets are 80.00 bracing for an additional 69 70.00 20 million sft of supply 64 62 by 2022 (each), but for 61 60.00 57 retail, the current supply 54 base is half that of office; 48 49 50.00 46 hence, the % growth will 42 be twice as high. 39 40 40.00 38 . Of the total retail supply in Greater KL: - Retail Sapce (mil sf) 30.00 Selangor: 57% 20.00 KL Suburb: 25% KL City: 18% 10.00 0.00 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019e 2020e 2021e 2022e Source: Savills Research 3 Future Retail Supply in Greater KL Future Supply in the Greater KL . Strong competition in the coming years with at Selangor KL Suburbs KL City least 20 mil sq ft retail . Empire City Mall space in the pipeline. 10.00 . Pavilion Bukit Jalil . KSL City Mall 9.00 . The Exchange Mall 8.00 . Mitsui Shopping Park Lalaport . Pavilion Damansara Heights 7.00 . IOI City Mall 2 6.00 6.20 5.00 Tropicana Gardens Mall 1.10 4.00 . Mall @ 1.94 Redevelopment of Plaza Rakyat Retail Space(million ft) sq 3.00 3.08 2.00 1.80 2.63 1.00 0.32 1.02 1.25 0.50 0.00 2019e 2020e 2021e 2022e Source: Savills Research 4 Average Retail Occupancy Rate Retail Occupancy Rate of Greater KL .
  • 160304095654TWY Brochure

    160304095654TWY Brochure

    DOUBLE- STOREY DOUBLE THE STORY A quick lesson in SOLARIS the Norman language MONT’KIARA to get us started. FRENCH HARTAMAS MONT’KIARA GARDEN TWY means two. MATRADE EXHIBITION & SOLARIS DUTAMAS INTERNATIONAL SHOPPING INTERNATIONAL 1 MONT’KIARA INTERNATIONAL To say TWY, say ‘try’ with a ‘w’. CONVENTION CENTRE (PUBLIKA) SCHOOL CENTRE 28 MONT’KIARA SCHOOL MALL SCHOOL Go ahead. Try it. TWY it. 1 WHY TWY? BECAUSE TWY PROMISES THE GOOD STUFF TIMES TWO. ALL ARE DUPLEX CONDOS, ALL 484 UNITS. All fitted upstairs and downstairs. Novel landscaping on podium level and sky level. Hammocks to lower the pulse, machines to raise it. Double-storey condo living - excuse the cliché - in the heart of Mont’Kiara. Not the fringes, not the wanna be Mont’Kiara. Only at TWY. Double-storey, for double the story. Let its story unfold. Actual 360° bird’s eye view from Twy’s point of view FREEHOLD 3 EVERYWHERE, EVERYTHING, EVERYONE ON THE DOUBLE Quicker, closer, faster. It’s all about superlatives here at TWY. Take the convenience of having everything that you want located close to you and double it. That’s what TWY is all about. 5 The diversity of living in TWY is shown through the countless retail shops that are a stone’s throw away from it. From looking about to shopping around, all is available here at TWY. Tee off at the nearby golf courses or tea up at the cafés and restaurants around TWY. 7 DOUBLE The sky is only the beginning. There is no limit to the stories that can be created from each of the 50 and 48-storey THE towers of TWY.
  • Malaysia Real Estate Highlights

    Malaysia Real Estate Highlights

    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2019 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR More market activity in the high-end condominium / HIGH END CONDOMINIUM serviced apartment segment (> RM1 million) in 2018 and MARKET this momentum is expected to continue into 2019. MARKET SUPPLY AND 1H2019 saw the launches of a INDICATIONS DEMAND few high-end condominium / The Malaysian economy continues with As of 1H2019, the completion of 602 units serviced apartment projects in its growth momentum albeit at a slower of high-end condominiums / serviced Kuala Lumpur City. The projects pace of 4.7% in 2018 (2017: 5.9%). It apartments from two projects brought are generally smaller in scale, on continued to expand 4.5% in 1Q2019 the cumulative supply in Kuala Lumpur pockets of land. (4Q2018: 4.7%), supported by private to 56,786(R) units. The completed projects sector expenditure. For the whole year were Opus KL (357 units) and Residensi The prices of new launches of 2019, economic growth is expected Sefina (245 units). remain flattish as the high-end to range between 4.3% and 4.8%. In (Note: (R) The cumulative supply has residential segment continues to May 2019, the Department of Statistics been revised) be challenging. Malaysia (DOSM) rebased of the country’s gross domestic product (GDP), The scheduled completion of Sky Suites In the secondary market, the from year 2010 to 2015. @ KLCC (986 units), 8 Kia Peng (442 units), Tower 1 and Tower 2 @ Star overall transacted price of The current period of low headline Residences (1,039 units), Aria KLCC selected schemes analysed was inflation, recorded at 1.0% in 2018 (2017: (598 units), Stonor 3 (400 units), Novum lower by 1.6% when compared 3.7%), is largely due to key policies such Bangsar (729 units), TWY Mont’ Kiara to 2018 as purchasers continue as the fixing of domestic retail fuel prices (484 units), Arte Mont’ Kiara (1,706 to be spoilt for choice.
  • Malaysia Real Estate Highlights

    Malaysia Real Estate Highlights

    A comprehensive analysis of Malaysia's residential, retail, office and industrial markets Real Estate Highlights knightfrank.com/research Research, 1st Half 2020 REAL ESTATE HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Market Indications Highlights The COVID-19 pandemic is driving the global economy into recession and many countries, including Malaysia, are responding with stimulus packages to avoid a cascade of bankruptcies and emerging market debt defaults. The country’s dependency on oil revenue The recovery path of the property will further strain the government’s fiscal position amid declining oil prices. market since 2019, which was supported by the extended Home The country’s economy expanded 4.3% in 2019 (2018: 4.7%), the lowest growth since the Ownership Campaign (HOC), has global financial crisis in 2009. It weakened further to record at 0.7% in 1Q2020 (4Q2019: been thrown off by the onset of the 3.6%), reflecting the early impact of measures taken both globally and domestically to COVID-19 pandemic in 1Q2020. contain the spread of the novel coronavirus. Malaysia's economic growth for 2020, as measured by gross domestic product (GDP), is projected at between -2.0% and 0.5%. 6-month automatic loan moratorium to provide a short-term breather to The period of low headline inflation, recorded at 0.7% in 2019 (2018: 1.0%), mainly reflects borrowers impacted by the pandemic. the lapse in the impact from the Sales and Services Tax (SST) implementation. It continued to remain modest at 0.9% in 1Q2020 (4Q2019: 1.0%) due to lower fuel costs. The country’s The Central Bank has also lowered average headline inflation for 2020 is expected to turn negative due to lower global fuel the Overnight Policy Rate (OPR) thrice prices coupled with weaker domestic growth prospects and labour market conditions.