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 5.4% (2Q2012) 4.9% (1Q2012) Detached houses Annual GDP growth 5.1% (2011) 7.2% (2010) Consumer Price Index (CPI) 1.8% (Jan-Aug, '12) 3.2% (2011) Industrial Production Index (IPI) 110.4 (Aug-12) 108.4 (2011) Major news Base Lending Rate (BLR) 6.6% (Jun-12) 6.45% (2011) New GC2 development aims to be… Exchange rate: RM to US dollar RM3.0440 (17/10) RM3.1895 (29/06) Qatar to build Harrods hotel in… Jetson in JV to build condo in Penang The Malaysia's economy strengthened further to 5.4% for the second quarter of 2012 Harrods Hotel to open in KL against 4.9% in the preceeding quarter led by continued expansion in the Services Battersea project to be worth £8b… and Manufacturing sectors. The robust growth in Gross Fixed Capital Formation HSL wins RM291m UiTM campus… (GFCF) has driven the demand side. Developer raises the bar for high-end... China company wins RM230m deal The Malaysian Industrial Production Index (IPI) grew at a slower pace at 1.4% in Mayland to turn Cheras Sentral into… July, on the back of weaker exports. It came in below market expectations as the Gamuda Land in RM600mil… index was dragged down by mining activities. The mining index registered a Cheras Sentral to get MRT connection decrease of 10.4% due to the decrease in natural gas index and crude oil index of All systems go for RM4b Johor… 3.4% and 25.1%, respectively. The Statistics Department said the IPI's expansion New landmark for Klang was due to increases in the manufacturing and electricity sectors, which grew by Naza eyes more joint projects with… 5.5% and 2.8%, respectively. All systems go for Marina One SCP offers zero-lot bungalows in… The Consumer Price Index (CPI) for the period January to August 2012 increased by Terengganu to get new hospital 1.8% to 104.6 compared with that of 102.8 in the same period last year. Compared Bids for British High Commission… with the same month in 2011, the CPI for August 2012 registered an increase of SP Setia set to unveil luxury condo… 1.4% from 103.6 to 105.0 and when compared with the previous month, the CPI Skypark aims to be destination for… increased by 0.2%. Developers eyeing prime land in KL… Advance Pact gets RM600m job The international reserves of Bank Negara Malaysia amounted to RM421.3 billion Two new Tune Hotels open in London (equivalent to USD137.5 billion) as at 28 September 2012. This reserve level has Napic: KL office rentals stable over… taken into account the quarterly adjustment for foreign exchange revaluation loss, MK Land to build affordable houses… following the strengthening of ringgit against major and regional currencies during Setia Haruman to focus on purpose… the third quarter. The reserves position is sufficient to finance 9.2 months of retained Medini Iskandar to build condos… imports and is 3.8 times the short-term external debt. Posh living at Shaftsbury Square Latest project in TTDI linked to bus… Total trade in August 2012, which valued at RM104.8 billion, dropped 6.9% or Sepang Goldcoast inks deal with… RM7.8 billion, month-on-month. It posted a decrease of 1.3% from a year before. Sunway shines with green concept During the period under study, Malaysia experienced a trade surplus of RM7.1 The Haven set for completion mid… billion. The surplus increased significantly by 96.2% from RM3.6 billion registered Grand Hyatt KL may open as early… a month ago. However, as compared with the previous year, it dropped by 36.0%. Jaya33 Cybercentre awarded MSC… Luxury in Bandar Mahkota The Prime Minister YAB Dato’ Sri Mohd Najib Tun Razak, tabled 2013 budget on MCT aims to change USJ’s skyline… 28 September 2012. The theme of the 2013 Budget "Prospering the Nation, Transforming Port Dickson Enhancing Well-Being of the Rakyat: A Promise Fulfilled" reflects the Kompleks Dayabumi to be refurbished Government's focus on improving the quality of life of the rakyat, High demand for high rise ensuring sustainable economic growth, spending prudently and reducing the fiscal Crescendo to launch Johor township… deficit with overall objective of prioristing the rakyat.housing units i New Bangsar high-rise raises concerns Others JS Valuers Research & Consultancy Sdn Bhd 1 of 45 pages For the 2013 Budget, an amount of RM201.9 billion has been allocated for operating Mega deals expenditure whilst for development expenditure, the amount allocated is RM49.7 Khind-Mistral buys property in… billion. On the revenue side, the Federal Government is expected to generate an The Store unit buys Shah Alam... amount of RM208.6 billion. Taking into account the estimated revenue and Tabung Haji to buy Bangsar office… expenditure, the Federal Government deficit in 2013 is expected to improve to 4.0% PHB buys office, retail buildings… of Gross Domestic Products (GD), which is lower compared with 4.5% in 2012. Aeon scraps land purchase plan Ken Holdings to buy land for green… The tourism industry is one of the key economic growth sectors, contributing almost Zecon unit signs S&P deal with LTH 12% to GDP. Total revenue generated from the tourism sector is estimated to See Hup unit buys land for RM3.11m increase to RM62 billion in 2012. In conjunction with Visit Malaysia Year Land disposal by Sarawak Plantation... 2013/2014, the Government has allocated RM358 million under development Pinehill disposes Kuala Lumpur land expenditure, an increase of 42%, to target 26.8 million tourist arrivals. In addition, AT to sell off land in Penang for RM... for tour operators who bring in at least 750 foreign tourists or handle 1,500 local Emico plans to sell land for RM8.6mil tourists a year, the Government proposes that the income tax exemption be extended Boilermech in RM20.3m land… to 3 years. AmFirst buys office building in… Dunia Batu Alam to buy Malacca land The following are some of the key announcements under the 2013 budget: MBSB plans property sale PLB unit plans land sale for… In order to curb speculative activities, the Real Property Gain Tax (RPGT) rates EPF unit buys RRI land for RM2.28b have been revised that chargeable assets disposed of within a period of 2 years HB Global inks RM48m land pact from acquisition will be subject to a rate of 15% whilst disposals within 2 to 5 Tradewinds to sell land in Johor via... years will be subject to a rate of 10%. Disposals of assets held after 5 years LBI Capital unit buys land in Sabah remain exempt from RPGT. This is effective for disposal of real properties and Sime Darby units sell assets worth… shares in real companies commencing from 1 January 2013. Others Retail's corner My First Home Scheme income limit for individual loans raised from RM3,000 to RM5,000 per month, or in the case of joint loans of husband and wife of up Jakel plans Ampang, Bangi, Sarawak... to RM10,000 per month. 50% stamp duty exemption on sale and purchase Plan for 74 more Petronas stations… agreements and loan agreements for purchase of the first residential property of Zazen Health launches 31st outlet up to RM400,000 (increased from RM350,000), be extended to 31 December Naza Quest plans more 3S centres 2014. Fed Furniture launches first kitchen… Daily Fresh to open 5 kiosks in… The Government will allocate RM100 million to the Ministry of Housing and Hui Lau Shan opens 4th outlet Local Government to revive 30 abandoned housing projects. In addition, to Mitsubishi unveils largest 3S centre… encourage the involvement of the private sector, the Government will provide Dr M launches 9th Loaf outlet tax incentives as follows: Lotus to open KL showroom New brand hits our shores i. Banking institutions to be given tax exemption on interest income Marrybrown to spread its wings received from the rescuing contractor/developer; McDonald's eyes more franchises ii. Rescuing developer be given a double deduction on interest paid and Analyst positive on Padini and… all direct costs incurred in obtaining loans; H&M makes entrance in Setia City… iii. Rescuing contractor be given stamp duty exemption on all Aeon to open in Manjung instruments executed for the purpose of transfer of land or houses Parkson to open maiden store in… and loan agreements to finance the cost of revival; and Korean delights in Malaysia iv. Original house buyer in the abandoned project be given stamp duty Johnny Rockets to Malaysia exemption on all instruments executed for the purpose of obtaining Parkson plans new outlet additional finance and the transfer of the house.nment revive 30 Ekuinas to acquire Burger King… abandoned housing projects. In addition, to encourage the Others involvement of the private sector, the Government willprovide JS Valuers Research & Consultancy Sdn Bhd 2 of 45 pages PROPERTY LAUNCHES Minimum Minimum selling No Projects Developers Units sizes (sq ft) prices Apartments / Condominiums / Townhouses 1. Sentral Residence @ Taman TKS Projects Sdn 270 1,047-1,529 RM 368,544 Kajang Sentral Bhd 2. Park Village Condominium, Second Home 119 1,400-2,002 RM 680,000 Precinct 15, Putrajaya Properties 3. You Residence @ Cheras PJD Regency Sdn 370 533-1,453 RM 412,000 Bhd 4. arte @ Subang West Glomac Berhad 355 874-1,030 RM 460,000 5. The i Residence @ Bdr Mahkota Myproperty Builders 222 1,022 RM RM 351,260 Cheras Sdn Bhd 6.