Malaysian property is 'second cheapest in region'
Article Date : 02 December 2010
Potential investors looking to buy property in Malaysia will be pleased to learn that the average price of apartments in the country is the second lowest in the surrounding region.
Figures released by Global Property Guide have shown that only Indonesia offers city apartments for a lower cost than Malaysia.
"In comparison, the average price of city apartments in Singapore is almost eight times more than in Malaysia, beating even Australian prices, which are almost five times higher than Malaysian city apartments," the news provider explains..
"Other countries surveyed included Philippines, Cambodia and Thailand, where high-rise residential properties in the city cost more than in Malaysia."
Meanwhile, Property Report recently claimed that developers in the country are confident about the health of the real estate market.
This is despite recent cooling measures being introduced by the central bank in an attempt to control the market.
Under the new rules, home buyers who have signed up for two mortgages and intend to apply for a third loan are required to finance only 70 per cent of the home value.
产业根本不能拿邻国来比,毕竟国情不同。
我每个月的收入是100, 然到我隔壁屋的也是100吗?
tt5893 发表于 19-3-2011 12:31 AM
同意,如果是以本地投资者角度来看,产业是不能拿邻国来比。。。但以外资投资者角度来看就不同了。。。
就以各国人民平均收入加入考量,House price / GDP per cap 来分析,Msia还是最低的。。。意识说Msia的屋价比人民平均收入的ratio还是很低,以Msia人民平均收入来买Msia的屋子在亚洲是最便宜的。。。对外资投资者来说,就更加“屋有所值”了。。。{:2_67:} 。。。如果Msian认为Msia屋子贵,其它国家就更贵了。。。
小弟并没有很实际的数据,但您可参考下面。。。 Foreign-local ownership ratio to increase
By BUSINESS TIMES
FOREIGN interest in high-end condominiums in Kuala Lumpur will accelerate next year with the impact from Economic Transformation Programme’s Greater Kuala Lumpur plan, property market players said.
The economic crisis in the past two years had seen a dip in foreign interest leading to a 30 per cent drop in prices.
“Going forward, we expect a return in buyer interest from Singapore, Hong Kong, Indonesia and more recently from the Middle East,” said Eric Y.H. Ooi, organising chairman of the forthcoming Fourth Malaysian Property Summit at a briefing yesterday.
Prices of these high-end units in the city centre, ranging from RM1 million and RM2 million, have caught up with previous peak levels.
Foreign ownership to local ownership, which was at 30:70 per cent ratio, is expected to increase.
“Come 2011 we will be able to see whether foreign interest will be better than the past two years or to the peak in 2007/2008 when it was 50:50 per cent ratio,” Ooi said, adding that there had been drop in interest from European investors.
Ooi, who is also managing director of Knight Frank Malaysia, described the Malaysian property market scene as probably one of the most attractive in the region with fewer number of ownership restrictions.
Foreign investors are attracted to the higher yield from these high rise investments at 5 per cent compared to landed properties, which provide between 2 to 3 per cent yield.
He said it would be interesting to see the property market scene when the second-tier Chinese investors from the mainland are allowed to purchase overseas properties. Already there has been a spike of Chinese interest in properties elsewhere in Australia and Singapore.
Past president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia James Wong expects the inflow of foreign buyers to increase in 2012 with the implementation of the ETP.
“With the Greater KL and billions of ringgit in the MRT (mass rail transit) and LRT projects, we can expect to see an influx of expatriate population as seen during the last boom when the Petronas Twin Towers was taking shape,” Wong said.
He added that unlike China and Singapore, Malaysia is not expected to see property asset bubble in the foreseeable future.
Wong also expects non-performing loans ratio (NPLs) to go up in the first quarter of 2011 although not at alarming rates.
He attributed it to the 5 to 10 per cent easy down payment scheme to purchase properties.
The Fourth Malaysian Property Summit organised by PEPS will be held at the Sime Darby Convention Centre in Kuala Lumpur on January 18.
It will have an overview of the property market performance and outlook for the office market, retail market, industrial market, high end condominium and REITs.
PEPS president Choy Yue Kwong said the property summit is also relevant to those who wonder whether it is the right time to sell their properties for alternative investments or right time to buy or invest or do nothing and wait for property prices to appreciate further.
He added that unlike China and Singapore, Malaysia is not expected to see property asset bubble in the foreseeable future.
bujua 发表于 19-3-2011 11:39 PM
Gavin Tee: Malaysia’s Condos Reaching RM5K psf by 2016 .
Thursday, 27 January 2011 22:16 .
by i-property
In a recent talk, property consultant Gavin Tee has predicted the following:-
1.Price psf of luxury condos in Malaysia might hit RM5K within the next 5 years
2.Real estate market in Kuala Lumpur would mature and hit its highest point by 2020
3.Toursim-related properties in Malaysia would become the most expensive by 2018
4.Iskandar Malaysia would have the second highest property values after Kuala Lumpur by 2016
5.Hotspots for the Klang Valley would include Bukit Bintang/Jalan Stonor, Maluri/Cochrane, Sentul, KLCC vicinity, U-Thant, Sungai Buloh, Ulu Klang/Melawati, and Bukit Jalil/Equine
6.For the rest of Malaysia, the hot spots would include Kota Kinabalu, Penang, Malacca, Iskandar Malaysia, Cyberjaya, Kuantan, Ipoh, Muar and Klang.