ECONOMIC OVERVIEW Property Launches Apartments / Condos
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ECONOMIC OVERVIEW Property launches Apartments / Condos / Townhouses Key statistics Latest releases Previous rates Terraced houses Semi-detached houses Quarterly GDP growth 4.7% (1Q2012) 5.2% (4Q2011) Detached houses Annual GDP growth 5.1% (2011) 7.2% (2010) Consumer Price Index (CPI) 2.0% (Jan-Jun, '12) 3.2% (2011) Industrial Production Index (IPI) 112.8 (May-12) 108.4 (2011) Major news Base Lending Rate (BLR) 6.53% (Jun-12) 6.45% (2011) Mersing Laguna to rival Bali Exchange rate: RM to US dollar RM3.198 (29/06) RM3.057 (30/03) Big plans for Batu Berendam air port SP Setia banks on China project Four Season Place KL to open in 2015 Malaysia's economy grew at 4.7% in the first quarter ended March 31, 2012, a L&G unscathed by new ruling slightly slower pace from the 5.2% in the fourth quarter of last year and 5.1% a year Terengganu approves land for new... ago, despite the challenging external environment. Bank Negara Malaysia (BNM) Serene sanctuary in Ipoh said on Wednesday domestic demand remained firm, supported by both private and Protest against new project public sector economic activity, while exports moderated amid weaker external Tambun Indah developing 5 projects... demand. RM1b boost for I-City Sime Darby plans 11th township Malaysian Institute of Economic Research (MIER) indicated that the country's Masterplan to set up RM15b Perak... domestic consumption and government spending will support growth as overseas RM1.4bil shopping mall and office... demand eases. MIER projected the Malaysian economy to expand by 4.2% in 2012 Billion ringgit tower atop LRT station and 4.7% in 2013. TAR showcases Malaysia in a touris... Themed Attractions investing RM26... Bank of America Merrill Lynch and CITI pointed out that revenue collections in the Development sets to offer unobstruc... first quarter for Malaysia showed outperformance in both indirect tax and non-tax. Boustead plans shopping center in... Malaysian's fiscal deficit level to the gross domestic product is likely to remain AP Land bungalows attract good res... unchanged even with the tabling of the RM13.8 billion supplementary budget in Elemental attraction Parliament recently, says two foreign bank analysts. I-Bhd is looking to unveil residences... Ken plans to branch out into hospital... The Industrial Production Index (IPI) has increased by 7.6% in May due to the Buyers snap up units at Singapore's... increases in all sectors, e.g. Manufacturing (6.5%), mining (11.5%) and electricity Tradewinds to buy property worth... (6.6%). According to the Statistics Department, the manufacturing output rose due to Relaxing, career-centered living activities in the major sub-sectors such as petroleum, chemical, rubber and plastic Prasarana earmarks second property... products (10.5%), electrical and electronics products (6.7%) and non-metallic Pride of London mineral products, basic metal and fabricated metal products (3.9%). Resort-inspired developmet in Old K... Simultaneous launch for SP Setia's... Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) MCKIP to turn Kuantan into regiona... unchanged at 3%. The central bank acknowledged the uncertainties in the global Gamuda property projects in Vietna... economy and financial environment and is expected to maintain the OPR rate until Berjaya's Great Mall of China to be... end of the year. BNM also expects the headline inflation to remain moderate for the Tg Tokong project to begin in Dece... rest of 2012. Hua Yang banks on affordability fac... Addressing some real concerns MALAYSIA'S exports jumped sharply in May, supported by strong bilateral trade July date launch for Tune Hotel King... with Singapore, China and India as well as improving external demand for electrical Naim-KPJ JV company to invest... and electronic (E&E) products. Exports rose by 6.7 per cent, higher than market Project will uplift Pekan folk expectations, while imports increased by 16.2 per cent, causing the trade surplus to Redeveloping Old Klang Road narrow to RM4.6 billion from RM7.5 billion in April. The International Trade and Legoland Hotel to be built in Nusaja... Industry Ministry said on a month-on-month basis, exports and imports rose by 1.8 per cent and 7.9 per cent respectively. Others JS Valuers Research & Consultancy Sdn Bhd 1 of 61 pages Malaysia’s international reserves stood at US$136.1 billion (RM425 billion) as of Mega deals May 15 compared with US$135.9 billion on April 30, Bank Negara Malaysia said. Yung Kong unit selling land for RM... The reserves were enough to finance 9.3 months of retained imports and were 4.1 UEM Land unit to buy JB plot for... times the short-term external debt. Atlan to sell land in JB for RM32m CIMB-TCA buys Canberra office... During the first half of 2012, Northern Corridor Economic Region (NCER) drew Axis REIT buying industrial assets private investments of RM8.51 billion. The investments were from three (3) main Kim Hin to buy office building in... sectors, namely agriculture, manufacturing and tourism. It has been reported that a Tradewinds to buy RM510 million... total of 9,467 jobs and businesses were created in NCER from January to June 2012. UOA selling building for RM93.8 mil IJM to sell land in Rembau to Canal... Since the inception of Sabah Development Corridor (SDC) in 2008, Sabah has E&O buys UK property attracted planned and committed investments of RM112.8 billion. The Sabah Mulpha sells Jalan Sultan Ismail lan... Economic Development and Investment Authority (Sedia) indicated that a number of TA Global paying RM275.6 mil for... major investments, from both domestic and overseas, in sectors including the oil and Eonmetall Agro in land deal with PO... gas industry, oil palm, fishery, livestock and tourism was starting to flow into the Eonmetall Agro to dispose of Penan... state. Emas Kiara subsidiary buys land for... Amcorp Properties sells London flats PENANG is predicting a 6.3 per cent economic growth this year with the Mah Sing buys 172ha in Bandar Bar... manufacturing and services sectors as the major drivers compared with last year's Metrarama buying land for RM15m 5.2%. It plans to balance the manufacturing and tourism sectors, which contributed SOP unit inks land deal with Kion Tai 52% and 39% to the state's gross domestic product in 2010, as a way to reduce the Glomac buying Dengkil land for RM... impact of global economic instability. The state received RM9.1 billion in investments in the manufacturing sector, with 21% foreign investments, surpassing Others its RM6 billion target in 2011. Credit for the purchase of commercial properties in March grew by 22.7% year-on- Retail's corner year, raising concerns in some quarters of a potential asset bubble. This loan growth MADO to tantalise taste buds with... in the non-residential sector, which includes industrial and commercial properties, Honda opens new center in Setia Alam was the highest followed by credit growth for the construction sector at 19.2%. Berjaya Land courts Parkson Meanwhile, loan growth for purchase of residential properties in March had Ayamas eyes overseas debut by year... somewhat moderated to 13.9% year-on-year. BMW Malaysia opens MINI service... Domino's recipe for double digit gro... China's central bank cut benchmark interest rates by 25 basis points in a surprise AUM One to introduce new F&B ou... move to shore up slackening economic growth, its first rate cut since the depths of Debenhams to open flagship store in... the 2008/09 financial crisis. The new rate of 6.31% is effective from June 8, the UMW Toyota opens body and paint... People's Bank of China (PBOC) said in a brief statement on its website. The PBOC Tomei allocates RM20mil this year... also cut deposit rates by 25 basis points to 3.25%. Setia City Mall opens Mydin's largest mall now in Ipoh Bilateral trade between Malaysia and the European Union (EU) is expected to match Sennheiser to open concept store in... last year's record of about RM130 billion. Ambassador and head of the EU Audio specialist opens flagship store delegation to Malaysia Vincent Picket said bilateral trade between Malaysia and EU AEON on expansion trail was very resilient and he was optimistic it could hit last year's record figure of KFCH set to open up to 17 new outle... RM130 billion for this year due to strong demand for goods and services between BMW launches new 4S center in Set... the EU and Malaysian companies. J Nine raises sales target, plan more... Popular bookstore opens in Paradig... 'One-of-a-kind' gourmet hub opens... Ben's Innovative Groceries Others JS Valuers Research & Consultancy Sdn Bhd 2 of 61 pages PROPERTY LAUNCHES Minimum Minimum selling No Projects Developers Units sizes (sq ft) prices Apartments / Condominiums / Townhouses 1. Nouvo service apartments @ 3 Titijaya Group 342 659-900 RM 293,000 Elements, Bdr Putra Permai 2. SkyPod Residences IOI Properties 640 634 RM 383,000 3. Zeva @ Equine South Kensington Vision 766 455-1,546 RM 298,800 Sdn Bhd 4. The Horizon Residence @ Kuala Glomac Berhad 335 538-4,230 RM 825,888 Lumpur 5. Icon Residenz @ PJ Mah Sing Properties 248 569- 1,795 RM 562,000 Sdn Bhd 6. You One @ USJ1 PJD Landmarks Sdn 457 650-1,425 RM 586,000 Bhd 7. Uptown Residence (Lifestyle See Hoy Chan Sdn 174 734- 1,040 RM 584,800 Tower) @ Uptown Damansara Bhd Group 8. Uptown Residence (Family See Hoy Chan Sdn 206 1,687- 2,516 RM 1,188,800 Tower) @ Uptown Damansara Bhd Group 9.