Property Continues Climb

http://www.starproperty.my/PropertyScene/PropertyNews/20770/0/0

PETALING JAYA: Overall price appreciation for residential properties is expected to range between 5% and 10% this year, according to CIMB Research.

In a report, the research unit said residential properties’ price appreciation could be even higher but it believed that the Government would continue to remain vigilant on “runaway” property prices.

CIMB Research said in terms of house price appreciation, despite the slower real GDP (gross domestic product) growth projection of 3.8% compared with 5.1% in 2011, it believed that 2012 would be another good year due to several factors.

“Buying momentum continued to be strong, driven by inflationary fears.

“Supply growth should remain depressed as developers have only just started to focus more on affordable homes costing not more than RM500,000 in the Klang Valley.

“Major infrastructure improvements in the Klang Valley such as the MRT (My Rapid Transit), River Rehabilitation and covered walkway projects will help boost property prices.”

CIMB Research said although the residential property market would continue to set new records in 2012, it was expected that there would be a slowdown in the increase in overall transaction values in 2012 after two years of high growth that averaged around 30%.

“In view of credit-tightening measures by the central bank, we believe that the growth in transaction value should slow to 10% to 12% this year.”

CIMB Research noted that in 2011, the growth of residential property supply in Malaysia fell to 1.5%, which was the lowest on record.

The slowdown in supply growth was most pronounced in the big three markets (Johor, Penang and Klang Valley), which recorded an average growth of 1.2%.

The only states to buck the slowing trend were Terengganu, Kelantan and Perlis.

“If supply growth continues to lag behind population growth, house prices can only head in one direction.”

It was noted that major developers such as SP Setia Bhd, UEM Land Holdings Bhd, Mah Sing Group Bhd and UOA Development Bhd were all gunning for sales records this year and growth rates ranging from 10% to 35%.

It was also pointed out that the risks to CIMB Research’s volume and price projections for 2012 included the global economic outlook and the local stock market performance.

However, CIMB Research is not optimistic about the commercial property market in the Klang Valley as oversupply will plague the sector for many years to come.

It noted that occupancy rates for the office and retail sector had started to drop.

Meanwhile, future supply of hotel rooms (under construction) in the Klang Valley is likely to depress occupancy rates in the coming years.

According to CIMB Research, UOA Development would be the biggest winner in a Klang Valley property boom as the company has no exposure elsewhere.

The research unit is also optimistic about the prospects for Johor, particularly Nusajaya, as 2012 would see the completion of various catalyst projects.

“The biggest beneficiaries of a property boom in Johor would be UEM Land due to its vast holdings in Nusajaya and SP Setia which is the dominant developer in the state.”

CIMB Research maintained its “trading buy” call on the property sector, but pointed out that property stocks could be sold down heavily in the event of an unfavourable general election outcome.

Nusaputra Is Not In Strategic Location?

To my surprise, while looking at the pool result showing strategic location is not on the wishing list of Nusaputra. I believe there are stigmas that it’s ideal for those who are working in Cyberjaya or Putrajaya. This is a totally wrong perception.. Lots of my neighbors working in KLCC, Bandar Utama, Midvalley & Bangsar area, and even Gombak! Yes, quite a distance but it can compromise with the availability of highway that can ensure you arrive at home less than 1 hour. This looks logical and acceptable if you love to stay outskirt of KL (serene, quiet & comes with an affordable price)… but if you a die-hard fan of KL just forget about it!

Let me show you how excellent the location was & how it can evolve for the next 5 years. Firstly, the access to major highways. There is at least 5 highway that you can choose:

1. KL-Putrajaya Expressway (MEX) – 5km from Nusaputra doorstep, use if you want to go to Jalan Tun Razak, KL.

2. Elite Highway – 4km from Nusaputra doorstep, use if you want to go to Shah Alam, Subang, Kota Damansara, Ipoh & Northern area / to KLIA, Seremban & Southern area.

3. SKVE Highway (free toll) – 14km from Nusaputra doorstep, use if you want to go to Kajang via Lingkaran Putrajaya

4. New Ext. of SKVE Highway – 6.6km from Nusaputra doorstep, use if you want to go to Pulau Indah via Elite & Bandar Saujana Putra

5. LDP Highway - 5km from Nusaputra doorstep, use if you want to go to Puchong, KESAS highway, Damansara etc.

Secondly, whether you realize it or not Cyberjaya is the next booming area. You may refer to http://www.iproperty.com.my/news/2594/Boom-in-Waiting?. Recently, IBM decided to move to Cyberjaya with 3,000 employees. Refer to http://www.btimes.com.my/Current_News/BTIMES/articles/idm/Article/.

Last but not least, Nusaputra is located in the middle of KL & KLIA & next to Putrajaya… not forget to mention that Putra Prima LRT station is only less than 4km away! Can you imagine you can travel from Nusaputra to Ampang Depot by 2014?

Let's picture talk then… and you may want to change your vote as well!

KL-Putrajaya Expressway (MEX)

Elite Highway

New Ext. of SKVE Highway via Elite & Bandar Saujana Putra

SKVE Highway (free toll) via Lingkaran Putrajaya

Average House Prices Moderate in 2011

http://www.thesundaily.my/news/339242

Very interesting report.. Number of transactions grew by 14% but average price increase in Selangor has also moderated from 12% in 2010 to 4% in 2011!
















National Property Information Centre director-general Datuk Abdullah Thalith Md Thani (left) and Lim at the launch of the Property Market Report 2011 and Property Information System Malaysia.

KUALA LUMPUR (April 4, 2012): The property market saw the highest growth in transactions in 2011 over the last five years with a total of 430,403 transactions worth RM137.83 billion, representing a 14.3% growth in volume from 376,583 transactions and 28.3% growth in value from RM107.44 billion in 2010.

Deputy Finance Minister I Datuk Donald Lim Siang Chai said last year saw several big value transactions exceeding RM5 million. They included Wisma Shun Li in Kuala Lumpur, Lanai Complex in Putrajaya, Kemayan City in Johor and East Coast Mall in Pahang.

However, the residential sub-sector continued to drive the property market, accounting for 62.7% of the total transactions recorded.

"In the primary residential market, the sales performance was in an upward trend from 2010. Almost 50,000 units were launched and out of the total, over 22,000 units were sold. Sales performance was at 46.3%. Affordable housing below RM250,000 saw high demand, making up 45% of the total new launches," he said.

Speaking at the launch of the Property Market Report 2011 and Property Information System Malaysia (PRISM-JPPH) by the Valuation and Property Services Department of the Finance Ministry, Lim said the commercial sub-sector recorded over 80% occupancy rate for purpose-built office while take-up space exceeded 250,000 sq m last year, with 40 new office buildings entering the market.

"The house price index rose 6.6% to 156.9 points during the fourth quarter of 2011. In line with that, the All House Price Index hit RM217,297 in the same quarter," he said.

"Kuala Lumpur continued to record the highest prices for all houses at RM487,219, followed by Selangor at RM327,237. The average price for terrace houses in Kuala Lumpur is RM527,113 and in Selangor, RM325,951," he said.

Lim said barring unforeseen circumstances, the property market will be good this year as the government cuts down on red tape for faster and more efficient transactions. He said an average growth of 10-15% per annum in terms of house prices is considered healthy.

He said there is no property bubble and prices are reasonable with increases in certain areas only. He added that if property prices go up, the ministry will put in place cooling measures, such as increasing the real property gains tax (RPGT) at a moderate pace.

Lim said while 43% of Malaysian households own two properties each on average, there are 20% who do not own any home.

On the overhang in commercial and office space, he said the take-up should not be an issue as more companies are keen to have their headquarters in Malaysia.

"Recently, there have been a lot of foreign buyers in Malaysia, especially those from the Middle East and China. This is a good sign," he said, adding that RM32.9 million worth of foreign direct investments were recorded last year.

IRB/LHDN New Building at Cyberjaya!

If you having difficulty generating your PIN number, looking for more detailed information about e-filing or you want to submit manually the income tax form, you may go to the new IRB building at Cyberjaya which is only a few kilometers from Nusaputra. This is a new place, and lots of people are not aware of it. Very convenient and I reckon this is the advantage that we should have because we're staying within a Cyber basin radius. http://thestar.com.my/metro/story.asp?sec=central&file=/2012/3/5/central/10845499 Cyberjaya welcomed its newest modern building when Menara Hasil, the Inland Revenue Board’s (IRB) new headquarters, was officially opened on Thursday.

The RM275mil 20-story building was declared opened by Prime Minister Datuk Seri Najib Tun Razak.

Menara Hasil sits on a 7.17ha-land in Persiaran Rimba Permai in Cyber 8. Work on the building started in April 2009 and it was completed late last year.

The building was built on the “passive low energy building” (PLEB) concept especially its lighting, air-conditioning, and mechanical ventilation system to reduce energy consumption.

Sunshading hoods and louvers are used to achieve a lower overall thermal transmittance value (OTTV), which is among the keys to reducing energy consumption as the components function as heat filters.

The building was also built according to the bioclimatic low-energy design (BLED) concept that took into consideration development in the surrounding areas, the weather and the sun’s orientation.

The sun shading devices are placed at areas that are exposed to sunshine.

Among the facilities in the building are a theatre-style conference hall with a seating capacity of 1,500 people and six meeting rooms with the main one capable of accommodating 150 people. This meeting room also comes with a dining hall.

For the public, a total of 1,682 parking bays have been prepared.

IRB chief executive officer Datuk Dr Shukor Mahfar said some 1,400 personnel from 19 divisions would be engaged at the new building.

He said they were those from the board’s previous headquarters at Blok 9 of the Government Complex in Jalan Duta, Kuala Lumpur.

“They started moving into Menara Hasil in stages since last November. Now we are operating fully from here,” he said.

Precinct 3 - Reflexion Pool Villas Ready for Sale!

Update status 19 March 2012: only 2 units left! http://forum.lowyat.net/topic/2239567/all to read more feedback from the buyers! I still don't have much information about Precinct 3.

Nevertheless, this is quick info about the project:

• Selling price : Min RM1,298,000 Max RM2,904,000
• 28 premier 2 1/2 sty superlink villas
• 28 pools
• Double volume living hall with full height glass wall
• Modern linear park at your doorstep<-- this is impressive!
• Pool deck and lounge
• Gated and guarded
• 4,250 sq ft built up
• 4 parking bays
• Super connectivity with brand new interchange to MEX and ELITE
• Estimated starting price at RM1.25m (to confirm later)
• Expected date completion: February 2014

And my conclusion is as follows:

1. Modern design & very fresh looking
2. Private pool for each house- extremely unique features that you couldn't find elsewhere
3. The architectural elements i.e. glass, aluminum louvers & facade blend beautifully and give a good shape to the house
4. Most importantly, it doesn't look like a shop lot
5. Looks elegance, no other word can describe it better than this
6. ... and come with double volume height! It's very rare to find a link house with this feature. Sense of welcome?? Definitely yes!

Despite all the features, I'm still in my opinion the location of Nusaputra is very excellent! This still remains as the strongest selling point for Nusaputra.