ECONOMIC OVERVIEW Property launches Apartments / Condos / Townhouses Key statistics Latest release Previous rate One storey terraced houses Quarterly GDP growth 5.3% (3Q2010) 8.9% (2Q2010) Two storey terraced houses Two & half storey terraced houses Annual GDP growth -1.7% (2009) 4.6% (2008) Three storey terraced houses Consumer Price Index (CPI) 2.2% (Dec-10) 2.0% (Nov-10) Four storey terraced houses Industrial Production Index (IPI) 106.0 (Nov-10) 110.2 (Oct-10) Two storey semi detached houses Three storey semi detached houses Base Lending Rate (BLR) 6.27% (Dec-10) 6.27% (Nov-10) Two storey detached houses Exchange rate: RM to US dollar RM3.0835 (30/12) RM3.0935 (29/12) Source: Department of Statistics Malaysia & Bank Negara Malaysia Major News Bank Negara Malaysia (BNM) has maintained its Overnight Policy Rate (OPR) Latest development in Bangi… at 2.75% after its last increase in May 2010. Generally, Base Lending Rate UiTM project off the ground… (BLR) in the banking system has remained unchanged at 6.27%. The central Kemensah Heights offers cosy abode… bank is expected to keep its monetary policy on hold in first quarter of 2011 until there was more clarity on the global economic condition and its moderate Glomac mulls expanding Dsara project inflation projection in 2011. Six-storey mall to replace pond CapitaLand intends to get bigger On the 3rd November 2010, BNM has also announced a maximum loan to value Titijaya to launch Phase 2 of Subang… (LTV) of 70% for a third and subsequent housing financing facility taken by a E&O's retail marina set to raise… borrower. The measure was a pre-emptive measure to avert unhealthy speculative Pulai Springs sees higher property… activities and a potential property bubble. Properties earmarked for My Second… Ara Damansara residents object… According to BNM, Malaysia’s International Reserve was at RM328.6 billion (US$106.5 billion) on 31st December 2010. The reserves were sufficient to Arina to build 21-storey tower in Kg Baru finance 8.5 months of retained imports and were 4.1 times the short term external Billions to be invested in two projects debt. The reserves declined marginally by RM2.7 billion (US$879 million) Luxury hilltop living for thr well-heeled compared with RM331.3 billion at the end of 2009. Property in the heart of the city RM500 million project a hit with Thai… Malaysia’s ringgit has increased by about 11% in 2010, which was the second PortCity@POIC set to boost Lahad Datu highest increase after Japan’s yen. The currency reached a 13-year high after 2 new hotels to boost Malacca Tourism Bank Negara Malaysia (BNM) relaxed foreign exchange controls in August that PJD to launch projects worth… were imposed at the height of the Asian financial crisis in 1998. 1,000 object to proposed kepong project The country’s share market has also performed favourably during the fourth HELP-UM Land project quarter of 2010. The FTSE Bursa Malaysia Composite Index (KLCI) posted a Four-in-one development new record high on 8th November 2010 closing at 1,520, eclipsing the previous Controversial project to resume record of 1,516 recorded on 11th January 2008. The KLCI closed at 1,518.91 on Cyberjaya green office a milestone… 30th December 2010. Mayland plans RM2b maiden project… RM5bil Warisan Merdeka will be... Foreign Direct Investments (FDIs) into Malaysia increased to RM17.1 billion for Full loan for first-time house buyers the period of January to September 2010 compared to RM5 billion recorded for the whole year of 2009. Malaysian Industrial Development Authority (MIDA) Condo home with ‘70s feel expects the FDIs to surge over RM20 billion in 2010 and its FDIs growth in Govt to spend RM100m on Karambunai.. 2011. Others JS Valuers Research & Consultancy Sdn Bhd 1 of 43 pages Singapore’s economy expanded at a record of 14.7% in 2010, surpassing the Mega Deals previous record of 13.8% recorded in 1970. The economic growth was at the top end of the government forecast of 13% to 15%. In 2011, the country’s economy KHSB unit to sell land for RM57m is expected to moderate between 4% and 6%. Masterskill buys Kajang land for RM30m Mutiara Goodyear unit buys Dengkil land The crude oil prices increased to US$91.88 per barrel on 27 December, edging Plenitude to buy 20 land parcels in Penang closer to the US$100 per barrel. The increase raises concerns on the possibility of Talam sells land for RM28.5m the oil price to reach the high level in 2008, which peaked at US$146 per barrel. The high global oil price has triggered high inflation rate in Malaysia, e.g. about KYM pays off debts to 2 banks 7% to 8% during the third quarter of 2008. LBI Capital buys land in Genting Amcorp Prop buys UK property In the fourth quarter of 2010, Malaysia has initiated a number of trade Kenmark sells land for RM15m agreements with a number of countries. Through these liberalization initiatives, Glomac acquires Suria Stonor condo units local SMEs will be able to expand their market abroad. The notable trade KLIB unit to sell land for RM58mil agreements committed by the government are as follows: CapitaMalls to buy Gurney Plaza block KSL buys land in Kluang for RM55m ¾ Malaysia has signed a free trade agreement (FTA) with Chile, its first trade pact with a Latin American country. It is expected to benefit the Malaysian Tong Herr unit buys land in Thailand exporters as duty will be abolished on products such as apparel, clothing Atlan sells land for RM145m accessories, cocoa powder, electrical and electronic goods and footwear Brem Holdings in pact to buy land within five years. The pact excludes Chilean wine, alcohol and tobacco. Mah Sing buys land for RM157.3m Mahajaya to buy land in Selangor ¾ Malaysia has also signed a bilateral trade agreement with India after UEM Land to sell asset for RM6.5m concluding the Comprehensive Economic Cooperation Agreement (CeCa), Box-Pak buys Viet land for US$1.6m which had been negotiated for the past two years. UEM Land to buy plots from Inch… ¾ Malaysia and Australia are a step closer to a free trade agreement (FTA) with Bolton to buy land for RM72m the conclusion of the eighth round of talks between the two countries in Mah Sing proposes to buy land October 2010. According the the Australian Trade Commission (Austrade), the bilateral trade between the two countries stood at US$ 13 billion. Others Retail Corner In addition to the above, the government is also exploring trade agreements with other countries such as the Trans-Pacific Strategic Economic Partnership (TPP), Flagship store a milestone for Body Shop the EU-Malaysia Free Trade Agreement, free trade agreements with Turkey. HP launches Cyberjaya hub Malaysia is also involved in other trade pacts that involved ASEAN region, namely Asean-China Trade in Goods Agreement (ACFTA), Asean-China FTA, Louis Vuitton opens third store in… Asean-South Korea FTA, Asean-India FTA, Asean-Japan FTA and Asean- Kopitiam to open more outlets Australia-New Zealand FTA. Rockport opens its doors at The Curve… Uniqlo picks KL for flagship store BNM has forecasted Malaysia’s economy to improve by about 7% for 2010 and KFCH in talks to buy 5 outlets from.. the country’s economy is expected to slow down to 5% to 6% in 2011. Asian Samba opens in Sunway Pyramid Development Bank (ADB) and Malaysian Institute of Economic Research Shah Alam to have its own Cineplex (MIER) have forecasted Malaysian economy to expand by 5% and 5.2% in 2011, New avenue for shoppers respectively. Harvey Norman opens in Setia City Mall Tesco's 36th Malaysian outlets in… Vertu comes calling, thanks to Valiram Kiehl's sets up shop in Penang Others JS Valuers Research & Consultancy Sdn Bhd 2 of 43 pages PROPERTY LAUNCHES Minimum Minimum selling No Project Developer Units sizes (Sq Ft) prices Apartments / Condominiums / Townhouses 1. Hijauan Puteri Apartment, Flora Development 280 915 RM 301,800 Bandar Puteri, Puchong Sdn Bhd 2. Pacific Place @ Ara Damansara MNH Global Assets 200 717 – 1,290 RM 441,560 (Phase 1 –Block E Residence) Management Sdn Bhd 3. Menara U @ Seksyen 13, Shah Kenari Sukma Sdn 531 527 – 622 RM 334,500 Alam Bhd 4. LaCosta, Sunway South Quay, Sunway South Quay 377 1,290 – 2,783 RM 955,000 Bandar Sunway Sdn Bhd 5. Tiara Mutiara @ Puchong, Kuala Vista Flame Sdn Bhd 403 656 – 1,227 RM 287,000 Lumpur 6. Vue Residences, Jln Pahang, KL Tanah Perangsang 272 500 – 1,003 RM 370,600 Sdn Bhd 7. Saville @ Melawati Perkasa Bernas (M) 342 1,237 – 2,489 RM 340,000 Sdn Bhd One storey terraced houses 1. Warisan Bestari, Dengkil SAP holdings Bhd 301 1,400 RM 179,490 Two storey terraced houses 1. Sutera Damansara (Ria III) Country Wheels Sdn 78 1,650 RM 703,200 Garden Terrace, Damansara Bhd 2. Lavender Park, Denai Alam, Sime Darby Property 137 2,080 RM 736,000 Shah Alam Berhad 3. Bdr Nusaputra, Puchong (Type Tarafunggul Sdn Bhd 27 1,760 RM 688,800 Grande) 4. Bdr Nusaputra, Puchong (Type Tarafunggul Sdn Bhd 58 1,600 RM 599,800 Spazio) 5. D Sierra Anggun Selayang, Crossborder Team 90 1,650 RM 891,635 Selayang (M) Sdn Bhd 6. Olive, Bandar Puteri, Klang Malayapine Estates 144 1,500 RM 349,800 Sdn Bhd JS Valuers Research & Consultancy Sdn Bhd 3 of 43 pages Minimum Minimum selling No Project Developer Units sizes (Sq Ft) prices 7.