DOCSLIB.ORG

Research & Forecast Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Research & Forecast Report HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants January 2012 for internal circulation only PENANG ISLAND REAL ESTATE MARKET 2012 Research & Forecast Report Rice Miller Hotel & Residence COPYRIGHT 2012 HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. www.henrybut c herpenang.com HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants RESEARCH & FORECAST REPORT (FOR INTERNAL CIRCULATION ONLY) JANUARY 2012 PENANG ISLAND REAL ESTATE MARKET 2012 Economic Update: Overview MARKET Economic growth in Malaysia is expected to remain stable, with projected gross SENTIMENT domestic product (GDP) of between 5% and 6% in 2012 despite the adverse INDICATORS impact of the US-Eurozone problems. Asia is expected to stay on a robust growth path. 1 RESIDENTIAL 2 RETAIL 3 INDUSTRIAL/ WAREHOUSE Source: Trading Economics / Napic 4 According to the Economic Report 2011/2012, the Malaysian economic growth OFFICE would be largely domestic driven amidst rising uncertainties in the global economy. Overall, the government expects the country's strong economic fundamentals, pragmatic macroeconomic policies and the Economic Transformation Programme 5 (ETP) to enhance domestic sources of growth. The construction sector is expected PRE-WAR/ to grow at a stronger pace of 7% in 2012 as large infrastructure projects and HERITAGE housing construction activities pick up. 2012 Budget introduced a review of the Real Property Gains Tax (RPTG) to curb speculation, whereby properties held and disposed within two years, the tax rate is 10%. For properties held and disposed within a period exceeding two years and up to five years, the rate is 5%. This is expected to help reduce property speculation and promote a more stable, healthy and orderly growth in the housing industry. To further curb speculation, Bank Negara Malaysia (BNM) has imposed a Loan to Value (LTV) ratio of 70% to borrowers for the financing of the 3rd property and beyond. Bank Negara Malaysia has also proposed to local Gurney Drive financial institutions to assess income affordability based on net income instead of gross income. These measures are expected to moderate excessive investment and speculation in the property market and to ensure the affordability of homes to genuine buyers. Some analysts concur that the property sector might see some signs of a slowdown in the sales activity due to measures by BNM to curb property speculation and the anticipated slower pace of economic growth in 2012 and its concomitant effects. COPYRIGHT 2012 HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. www.henrybutcherpenang.com HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants RESEARCH & FORECAST REPORT (FOR INTERNAL CIRCULATION ONLY) JANUARY 2012 Inflation Domestic headline inflation was 3.4% towards the end of 2011. Going forward, inflation is expected to remain stable and moderate in 2012. In view of the prospects of weaker growth, the Central Bank is expected to loosen its monetary policy stance in 2012. Inflation is expected to remain at 3 – 3.5%. Source: Trading Economics Interest Rates Bank Negara has maintained the overnight policy rate (OPR) at 3% but cautioned that international financial developments could affect the overall growth prospects of the local economy. Bank of America Merrill Lynch (BofAML) expects the Central Bank to cut the benchmark OPR further to 2.5%. BNM anticipates that while the domestic economy is expected to expand, unfavorable external factors could affect the overall growth prospects of the Malaysian economy. Source: Trading Economics COPYRIGHT 2012 HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. www.henrybutcherpenang.com HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants RESEARCH & FORECAST REPORT (FOR INTERNAL CIRCULATION ONLY) JANUARY 2012 Unemployment Rate In 2011 the unemployment rate in Malaysia was reported at 3.3 percent. From 1998 until 2010, Malaysia's Unemployment Rate averaged 3.43 percent reaching an historical high of 4.50 percent in March of 1999 and a record low of 2.90 percent in March of 1998. Source: Trading Economics The labor force is defined as the number of people employed plus the number unemployed but seeking work. The non labor force includes those who are not looking for work, those who are institutionalized and those serving in the military. Island Plaza, Tanjung Tokong COPYRIGHT 2012 HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. www.henrybutcherpenang.com HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants RESEARCH & FORECAST REPORT (FOR INTERNAL CIRCULATION ONLY) JANUARY 2012 RESIDENTIAL While official statistics on the property market from the Ministry of Finance (MOF) is expected to be available soon, we anticipate this sector to remain cautiously optimistic in 2012. Similar to previous years, the residential sector retained the lion’s share of the property market in Penang in terms of total value and volume of transactions. Andaman @ Quayside Value of Property Transactions in Penang Island 2011 Source: Napic/Henry Butcher Malaysia (Penang) Research COPYRIGHT 2012 HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. www.henrybutcherpenang.com HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants RESEARCH & FORECAST REPORT (FOR INTERNAL CIRCULATION ONLY) JANUARY 2012 Volume of Property Transactions in Penang Island 2011 Source: Napic/Henry Butcher Malaysia (Penang) Research While 2012 is expected to have less buzz compared to last year, conventional wisdom among the local astute investors dictate that buying properties in choice locations in Penang is still the preferred mode for wealth creation. However, compressed yields on the back of an anticipated capital growth will continue to dominate investment decisions. The euphoria in the property market in 2010 and the 1st half of 2011 is unlikely to prevail although consumer confidence in Penang’s residential real estate remains high. Sentiments are anticipated to remain cautiously optimistic whilst the general propensity for property investments is still strong for residential homes not only in the traditionally preferred locations but also for well-conceptualized homes of high quality specification, finishes, good security features and facilities. On the back of a good mix of euphoria and controversy, the Penang diasporas and the international community particularly from Singapore, Indonesia, Hong Kong, Japan and UK constitute significant components of the market. MM2H participants and retirees have identified Penang as a preferred destination of choice due to its low cost and high standards of living, widely spoken English language, the availability of an international standard health care system, political and economic stability, and is disaster free either natural or manmade. Penang Island has endeared itself as a destination for a second home and is sometimes being compared to Hua Hin of Thailand. COPYRIGHT 2012 HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. www.henrybutcherpenang.com HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants RESEARCH & FORECAST REPORT (FOR INTERNAL CIRCULATION ONLY) JANUARY 2012 Foreign Interest Penang property prices are amongst the lowest in the region and this has made it attractive for foreigners to invest in Penang Island properties. Foreigners currently comprise less than 8% of the total residential property buyers in Penang. This segment of the market is expected to grow in tandem with the “new normal” of Penang endearing itself to the international community as a tourism, retirement and 2nd home paradise. Foreign Interest in Penang Real Estate as at Q2 2011 Source: www.malaysiapropertyinc.com Indonesia Malaysia Philippines Vietnam Thailand Cambodia China Taiwan Country Singapore India Japan Hong Kong $0 $5,000 $10,000 $15,000 $20,000 Price per. sq. m in USD Source: Global Property Guide COPYRIGHT 2012 HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. www.henrybutcherpenang.com HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants RESEARCH & FORECAST REPORT (FOR INTERNAL CIRCULATION ONLY) JANUARY 2012 Recent amendments to the Housing Development (Control and Licensing) Act 1966 to prevent project abandonment will give property buyers peace of mind when they purchase real estate in Malaysia. The majority of the current supply of residential properties in Penang Island is mostly stratified. Landed properties constitute approximately 16% of the total supply in the North East District, while in the South West District they are approximately 56%. Penang Island Existing Residential Property Supply @Q3 2011P Source: Napic/Henry Butcher Malaysia (Penang) Research Future supply sees an almost similar trend. Penang Island Future Residential Property Supply @Q3 2011P Source: Napic/Henry Butcher Malaysia (Penang) Research COPYRIGHT 2012 HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. www.henrybutcherpenang.com HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD. International Asset Consultants RESEARCH & FORECAST REPORT (FOR INTERNAL CIRCULATION ONLY) ! JANUARY 2012 Compared to the various housing types, the best performing sub PROJECTS’ PIPELINE market is the terrace house. Prices in Penang Island have appreciated KL based property developers have significantly. This has made terrace houses the most sought after form set their sights on Penang Island and of property investment on the island. However most terrace houses this is seen as a vote of confidence for the local real estate scene. are under owner occupation. However, procuring suitable land banks in Penang remains a major
Load more

Recommended publications
  • 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.
    [Show full text]
  • SP Setia Berhad
    2QFY21 Results Review (Within) | Thursday, 19 August 2021 S P Setia Berhad Maintain BUY (8664 | SPSB MK) Property| Property Steady earnings Unchanged Target Price: RM1.33 KEY INVESTMENT HIGHLIGHTS • 1HFY21 earnings within our expectation RETURN STATISTICS • Earnings recovered from low base in 1HFY20 Price @ 18 Aug 2021 (RM) 1.09 • Strong property sales of RM2.71b in 1HFY21 • Earnings forecast maintained Expected share price return (%) 22.0 • Maintain BUY with an unchanged TP of RM1.33 Expected dividend yield (%) 0.9 Expected total return (%) 22.9 1HFY21 earnings within our expectation. S P Setia 1HFY21 core net SHARE PRICE CHART income of RM179.8m came in within our expectation but above consensus expectation, making up 54% and 61% of our and consensus full year estimates respectively. Note that we have excluded mainly forex loss in our core net income calculations. Earnings recovered from low base in 1HFY20. Sequentially, 2QFY21 core net income was lower at RM73.1m (-31.3%qoq) despite higher topline (+2.8%qoq) as earnings were dragged by higher administrative and general expenses (+34.5%qoq). Meanwhile, 2QFY21 core net income Share price performance (%) Absolute Relative surged by more than ten-fold on yearly basis due to low base in 2QFY20. 1 month 2.8 3.0 Recall that earnings in 2QFY20 were negatively impacted by disruption of 3 months 2.8 8.2 site works as a result of MCO 1.0. This brought cumulative earnings in 12 months 39.7 43.5 1HFY21 to RM179.8m (+522.1%yoy). The earnings growth was mainly KEY STATISTICS underpinned by recovery in construction works at project sites and higher FBM KLCI 1,525.24 sales of completed inventories.
    [Show full text]
  • Media Release Events & Happenings Go Shopping and Enjoy!
    MEDIA RELEASE EVENTS & HAPPENINGS GO SHOPPING AND ENJOY! 1MALAYSIA YEAR END SALE 2015 (14 NOVEMBER 2015 – 3 JANUARY 2016) It’s the year-end school holidays and festive season. A time to take a break, celebrate, chill out, dine and SHOP! Yes, shop, and now say 1MYES for 1Malaysia Year End Sale. It’s the biggest sale bonanza of the year with BIG bargains, BIG offers and BIG rewards at shopping outlets nationwide for nearly two months. That’s not all. Expect special deals and price cuts during back-to-school sales, which will bring huge relief to moms and dads. Bring the whole family and enjoy a fun day of outing. There are also special rewards for tourists, such as tourist privilege cards, tax-free shopping, gift redemptions with purchases and GST refund at exit points. A long line-up of events and activities awaits everyone. It will be a fun time for all. Contests, promotions, prize galore, songs and dances, art and crafts, Christmas shopping, meet and greet Santa, New Year’s Eve party and much more will build up the momentum before curtains call to say goodbye to 2015, and hello 2016! Don’t miss out on the fun. In fact 1MYES extends right into the New Year. Check out 1MYES special offers, events and happenings throughout the country. PENANG 1st Avenue Year End Sale Shop & Win Shopper Rewards (14 Nov 2015 to 3 Jan 2016) – Stand a chance to win exclusive holiday packages from Royal Caribbean cruise for 2 with same-day purchases of RM100 & above in a single receipt.
    [Show full text]
  • Property Market 2013
    Property Market 2013 www.wtw.com.my C H Williams Talhar and Wong 30.01, 30th Floor, Menara Multi-Purpose@CapSquare, 8 Jalan Munshi Abdullah, 51000 Kuala Lumpur Tel: 03-2616 8888 Fax: 03-2616 8899 KDN No. PP013/07/2012 (030726) Property Market 2013 www.wtw.com.my C H Williams Talhar and Wong 30.01, 30th Floor, Menara Multi-Purpose@CapSquare, 8 Jalan Munshi Abdullah, 51000 Kuala Lumpur Tel: 03-2616 8888 Fax: 03-2616 8899 KDN No. PP013/07/2012 (030726) CH Williams Talhar & Wong established in 1960, is a leading real estate services company in Malaysia & Brunei (headquartered in Kuala Lumpur) operating with 25 branches and associated offices. HISTORY Colin Harold Williams established C H Williams & Co, Chartered Surveyor, Valuer and Estate Agent in 1960 in Kuala Lumpur. In 1974, the company merged with Talhar & Co, a Johor-base Chartered Surveying and Valuation company under the sole-proprietorship of Mohd Talhar Abdul Rahman. With the inclusion of Wong Choon Kee, in a 3-way equal partnership arrangement, C H Williams Talhar and Wong was founded. PRESENT MANAGEMENT The Group is headed by Chairman, Mohd Talhar Abdul Rahman who guides the group on policy de- velopments and identifies key marketing strategies which have been instrumental in maintaining the strong competitive edge of WTW. The current Managing Directors of the WTW Group operations are: C H Williams Talhar & Wong Sdn Bhd Foo Gee Jen C H Williams Talhar & Wong (Sabah) Sdn Bhd Robin Chung York Bin C H Williams Talhar Wong & Yeo Sdn Bhd (operating in Sarawak) Robert Ting Kang Sung
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET The residential market continues to remain lacklustre with lower volume and value of transactions recorded. ECONOMIC AND MARKET INDICATORS Limited project completions and new Malaysia’s economy expanded at a launches of high end condominiums / slower pace in 2015 with Gross Domestic residences during the review period. Product (GDP) growing at an annual rate of 5.0% (2014: 6.0%). For 2016, the Government has trimmed the country’s Growing pressure on rentals amid GDP growth forecast to 4 - 4.5% due to strong supply pipeline (existing and the volatility in crude oil prices and other new completions) and a challenging economic challenges. GDP continued rental market while prices in to moderate in the first quarter of 2016, the secondary market generally posting 4.2% growth, its slowest since continue to remain resilient. 3Q2009 (4Q2015: 4.5%), driven by domestic demand. Private consumption expanded by 5.3% while private Developers adopt innovative ‘push investment moderated to 2.2%. marketing’ strategies to boost Headline inflation for April 2016 registered at sales of selected projects and 2.1%. It is expected to be lower at 2% to 3% improve revenue. this year, compared to an earlier projection Aria of 2.5% to 3.5% and will continue to remain stable in 2017. (432 units) and The Residences at The Meanwhile, labour market conditions St. Regis Kuala Lumpur (160 units). continued to weaken with more retrenchment of workers, particularly in By the second half of 2016, the scheduled the manufacturing, mining and services completions of another five projects will sectors.
    [Show full text]
  • Get RM600 Off 360 Wireless Audio R1 (WAM1501) When You Purchase Galaxy S7 & S7 Edge
    Get RM600 Off 360 Wireless Audio R1 (WAM1501) When you purchase Galaxy S7 & S7 edge. From 5th August 2016 onwards PURCHASE RRP: RM3099 GET NOW: RM399 RRP: RM999 • 360 Directional Sound • Intuitive Interface • Surround Sound System Terms and conditions apply. Promotion valid while stocks last. Image for illustration purposes only. Promotion price is inclusive of GST. Samsung Malaysia Electronics Sdn. Bhd. (629186 D) Terms and Conditions Duration 1. PWP Bundle of Samsung Galaxy S7 or S7 edge with R1 Wireless Audio WAM1501/XM (“Promotion”) will be take place from 5th August 2016 (“Promotion Period”) on a first-come-first-served basis and last till while allocated stocks last. Eligibility 1. This Promotion is open to all residents of Malaysia, 18 years of age and above that purchase a Samsung Galaxy S7 or S7 edge with R1 Wireless AudioWAM1501/XM (Beige) during the Promotion Period. How to Participate 1. Purchase the Samsung Galaxy S7 or S7 edge at a participating Samsung authorized dealers as listed herein (“Dealers”) during the Promotion Period and be entitled to purchase R1 Wireless Audio WAM1501/XM (Beige) at PWP price of RM399 (RRP RM999) NO STATE/CITY DEALER NAME SES OUTLET KUALA 1 ASIA MOBILE RETAIL SDN BHD SES @ LOW YAT PLAZA LUMPUR KUALA 2 ASIA MOBILE RETAIL SDN BHD SES @ PUBLIKA LUMPUR KUALA 3 MOBILE OCEAN ELEVEN SDN BHD SES @ SETAPAK CENTRAL LUMPUR KUALA 4 MOBILE OCEAN ELEVEN SDN BHD SES @ NU SENTRAL LUMPUR KUALA 5 MTCS GROUP SDN BHD SES @ LOW YAT LUMPUR KUALA 6 NETCOM MOBILITY SDN BHD SES @ BERJAYA TIME SQUARE LUMPUR KUALA 7 SBS
    [Show full text]
  • PENANG REAL ESTATE MARKET Research Report H1 2013 (For Internal Circulation Only)
    HENRY BUTCHER MALAYSIA PENANG International Asset Consultants PENANG REAL ESTATE MARKET Research Report H1 2013 (For internal circulation only) Research Report H1 2013 TIME TO BUY, HOLD OR SELL? WHAT’S AHEAD? Real estate is always a crucial link in global capital markets and risk management. While the emerging economies of Malaysia go through its metamorphosis, the real estate industry is also developing rapidly with demand for sustainable developments, social amenities, physical infrastructure as well as the exponential increase of residential and commercial properties. For the past few years, the Penang property market has been unprecedentedly extraordinary, exciting and challenging. This means that there is an inherent need for information and Malaysia, Penang, is pleased to present its current knowledge to improve decision making, whether views on the Penang property market. it is among public institutions, commercial and financial entities, developers and investors. This report is intended for discussion and should not be relied upon as professional advice. This brief report is part of an ongoing effort to facilitate a better understanding of the market. While every reasonable effort has been made to ensure the accuracy of the contents, no warranty is made with Against this backdrop, Henry Butcher regard to that content. Malaysian GDP growth at 4.1% Malaysian economy is still on sturdy track with Residential subsector, hike up to 9.8% , largely GDP growth at 4.1% in Q1 2013 ~ Department attributed by housing development projects in Klang of Statistics. Construction and services sectors Valley and Penang. were the major catalysts that spearheading the country’s economy with 14.7% and 5.9% growth respectively.
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2017 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Subdued high-end condominium market with developers scaling ECONOMIC INDICATORS 44.3%). Meanwhile, 1Q2017 also saw a back on new property launches marginal increase in the total outstanding / amid continued weak demand. Malaysia’s economy rebounded in non-performing loans in the housing sector 1Q2017 with Gross Domestic Product to RM5.54 billion (4Q2016: RM5.41 billion). (GDP) expanding at 5.6% (4Q2016: With potential purchasers and 4.5%), driven mainly by higher private investors waiting on the side- expenditure. For 2017, the country’s GDP lines, developers continue to growth forecast range between 4.3% and tweak their marketing strategies 4.8%, supported by gradual improvement to sustain earnings through in the global economy and domestic “stock clearing” of completed demand. and on-going projects. Headline inflation for 1Q2017 was higher at 4.3% (4Q2016: 1.7%), driven mainly Limited completions of high- by high transportation cost. The annual end condominiums / residences inflation for 2017 is expected to be in the during the review period. region of 3.0% to 4.0% (2016: 2.1%). The labour market condition for 1Q2017 Secondary pricing in selected remained stable, with the unemployment locations remained flat while rate of 3.5% (4Q2016: 3.5%). rentals continued to be under To remain accommodative to economic pressure. activity and to support domestic demand, Bank Negara Malaysia (BNM) continued China’s capital control impact to maintain the Overnight Policy Rate projects targeting buyers from (OPR) at 3.0%.
    [Show full text]
  • 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.
    [Show full text]
  • ASX HVN 2014.Pdf
    HarveyNorman Holdings Limited ABN 54 003 237 545 Our brands provide ‘Solutions For The Home’ by offering the largest range of trusted brands, products and services under one roof in 198 Harvey Norman, Domayne and Joyce Mayne franchised stores in Australia and 82 company-operated stores across 7overseas countries. KEY DATES: 29 August2014 Announcement of Full Year Profit to 30 June 2014 Announcement of Final 2014 Dividend 3November 2014 Recorddate for Determining Entitlement to Final 2014 Dividend 25 November 2014 Annual General Meeting of Shareholders The Annual General Meeting of the Shareholders of Harvey Norman Holdings Limited will be held at The Sheraton on the Park, 161 Elizabeth Street, Sydney at 11:00am. 1December 2014 Payment of Final 2014 Dividend 27 February2015 Announcement of Half-Year Profit to 31 December 2014 Announcement of Interim 2015 Dividend 10 April 2015 Recorddate for Determining Entitlement to Interim 2015 Dividend 4May 2015 Payment of Interim 2015 Dividend COMPANY INFORMATION Registered Office: A1 Richmond Road, Homebush West NSW 2140 Ph: 02 9201 6111 Fax: 02 9201 6250 ShareRegistry: Boardroom Pty Limited Level 7, 207 Kent Street, Sydney NSW 2000 Ph: 02 9290 9600 Auditors: Ernst &Young Stock Exchange Listing: Harvey Norman Holdings Limited shares arequoted on the Australian Securities Exchange Limited (“ASX”) Solicitors: Brown Wright Stein CompanySecretary: Mr Chris Mentis HARVEY NORMAN HOLDINGS LIMITED ABN 54 003 237 545 TheOmni Channel Strategy,incorporating the Harvey Norman integrated retail, franchise, property and digital platforms, is robust and the most viable format to effectively compete in an evolving market. Thedigital store, physical storeand distribution channels provide asignificant competitive advantage forHarvey Norman franchisees.
    [Show full text]
  • Business Name Business Category Outlet Address State 2020 Motor
    Business Name Business Category Outlet Address State 2020 Motor Automotive TB 12186 LOT A 13 TAMAN MEGAH JAYA,JALAN APASTAWAU Sabah 616 Auto Parts Co Automotive Kian yap Industrial lot 113 lorong durians 112 Lorong Durian 5 88450 Kota Kinabalu Sabah Malaysia Sabah 88 Bikers Automotive D-G-5, Ground Floor, Block D, Komersial 88/288 Marketplace, Ph.10A, Jalan Pintas, Kepayan RidgeSabah Sabah Alpha Motor Trading Automotive Alpha Motor Trading Jalan Sapi Nangoh Sabah Malaysia Sabah anna car rental Automotive Sandakan Airport Sabah Apollo service centre Automotive Kudat Sabah Malaysia Sabah AQIQ ENTERPRISE Automotive Lorong Cyber Perdana 3 Penampang Sabah Malaysia 89500 Sabah ar rizqi Automotive Beaufort, Sabah, Malaysia Sabah Armada KK Automobile Sdn Bhd Automotive Ground Floor, Lot No.46, Block E, Asia City, Phase 1B Sabah arsy hany car rental Automotive rumah murah peringkat 1 no 54 Pekan Beaufort Sabah Atlanz Tyres Automotive Kampung Keliangau, Kota Kinabalu, Sabah, Malaysia Sabah Autocycle Motor Sdn Bhd Automotive lot 39, grd polytechnic, 8, Jalan Politeknik, Tuaran, Sabah, Malaysia Sabah Autohaven Superstore Automotive kg sin san peti surat 588 Kudat Sabah Malaysia Sabah Automotive Electrical Tec Automotive No 3, Block H, Hakka Building, Mile 5,5, Tuaran Road, Inanam, Kota Kinabalu, Sabah, Malaysia Sabah Azmi Sparepart Automotive Papar Sabah Malaysia Sabah Bad Monkey Garage Automotive Kg Landong Ayang Jln Landong Ayang 2 Kg Landong Ayang Jalan Landong Ayang II Kudat Sabah Malaysia Sabah BANLEE MOTOR Automotive BANLEE MOTORBATU 1 JLN MERINTAMAN98850
    [Show full text]
  • Property Market Review 2018 / 2019 Contents
    PROPERTY MARKET REVIEW 2018 / 2019 CONTENTS Foreword Property Northern 02 04 Market 07 Region Snapshot Central Southern East Coast 31 Region 57 Region 75 Region East Malaysia The Year Glossary 99 Region 115 Ahead 117 This publication is prepared by Rahim & Co Research for information only. It highlights only selected projects as examples in order to provide a general overview of property market trends. Whilst reasonable care has been exercised in preparing this document, it is subject to change without notice. Interested parties should not rely on the statements or representations made in this document but must satisfy themselves through their own investigation or otherwise as to the accuracy. This publication may not be reproduced in any form or in any manner, in part or as a whole, without writen permission from the publisher, Rahim & Co Research. The publisher accepts no responsibility or liability as to its accuracy or to any party for reliance on the contents of this publication. 2 FOREWORD by Tan Sri Dato’ (Dr) Abdul Rahim Abdul Rahman 2018 has been an eventful year for all Malaysians, as Speed Rail) project. This move was lauded by the World witnessed by Pakatan Harapan’s historical win in the 14th Bank, who is expecting Malaysia’s economy to expand at General Election. The word “Hope”, or in the parlance of 4.7% in 2019 and 4.6% in 2020 – a slower growth rate in the younger generation – “#Hope”, could well just be the the short term as a trade-off for greater stability ahead, theme to aptly define and summarize the current year and as the nation addresses its public sector debt and source possibly the year ahead.
    [Show full text]