Those buying 300k and below apartments are investors (majority).

I can give more examples if you wanna to know.

check out setapak old apartments such as setapak ria, pelangi, danau kota apartments.
check out pj apartments such as pelangi, palm spring, ken 3 etc.

decent one can check out
- titiwangsa sentral
- sierra residency puchong

a lot more;

Setapak got no lrt wor. Still appreciate like heaven.

Even got lrt, people will still prefer driving. Lrt or not, it is just an option for them.

Please give us your signal. You sound very pro!

Number of property transactions dropped in 2012
Posted on April 18, 2013 - Featured, Property News.
Market slowed in Penang, KL and Selangor but recorded double digit growths in Kelantan and Putrajaya.


Source: National Property Information Centre

After several years of growth, the number of transactions within the property market fell for the first time last year. This number fell from 430,403 transactions in 2011 to 427,520 transactions in 2012, a drop of 0.7%, as revealed at the recent launch of Property Market Report 2012 by the Ministry of Finance’s Valuation and Property Services Department.

Sub-sectors which suffered were the commercial sub-sector (which declined in number of transactions by 5.9%), the agricultural sub-sector (-5%) and the industrial sub-sector (-4.7%).

Taking up the slack was growth in sales of development land which grew by 6.1% but less than in 2011 when it had grown by 14.8%. The residential sub-sector also grew but at 1.1%, compared to 18.9% in 2011.

In terms of states, the states with major property markets saw transactions drop in 2012. These included Penang (which declined about 21%), Perak (-8%), Johor (-7%), Kuala Lumpur (-3%) and Selangor (-2%).

States which have smaller property markets, in the meantime, flourished last year: Kelantan (increased by 50%), Putrajaya (27%), Pahang (15%) and Terengganu (12%). One of the factors to boost Kelantan’s property market was a bulk transfer of 2,603 units of vacant residential plots, which caused its residential sub-sector to nearly double.

While number of transactions has dropped, the value of transactions has increased from RM137.8bil in 2011 to RM142.8bil in 2012 (an increase of 3.6%).

In terms of value, the sub-sectors which increased the most due to prices of transactions being higher, were development land (increased by 16.6%), residential (increased 9.6%), industrial (4%) and commercial (0.6%).

While number of property transactions dropped in Selangor by 1.7%, the value of transactions in Selangor increased by 13.8%, indicating a significant increase in the prices of transactions.

Home sales increased in quantity by 1% but in value by nearly 10%


At the launch of Property Market Report 2012:
Valuation and Property Services Department director Datuk Abd Hamid Abu Bakar, Treasury secretary general Datuk Sri Moh Irwan Serigar, National Property Information Centre director Khuzaimah Abdullah

The number of residential property transactions last year grew by 1.1% to nearly 273,000 transactions, totaling about RM68bil in sales.

This 1% growth came from increase in home sales in Kelantan, Pahang and Putrajaya, among others. The growth in these states were offset by drops in transactions in Penang (-24.2%), Perak (-9.1%), Johor (-7.2%), Sarawak (-2.6%), Kuala Lumpur (-1.3%) and Selangor (-0.5%).


The drop in Penang, for example, may have been attributed to a correction in the market. For example, home sales in Penang dropped by 24% last year, after it had already climbed by 68% in 2011.

While home sales in Selangor dropped slightly last year, the state still maintained the highest market share with 28% of the country’s home sales being in this state, followed by Perak (11%), Johor (11%), Kuala Lumpur (9%) and Penang (9%).

Even though the number of sales of homes in Malaysia increased only slightly at 1%, the value of sales increased by 9.6%. Compare this to the increase in value of sales for all sub-sectors at 3.6%, indicating that prices for homes have increased more than prices for other sub-sectors.

As such, even though six states recorded a drop in number of sales, nearly all reported an increase in the volume of sales, except for Penang and Perak.

Putrajaya in particular showed a marked value appreciation, with number of transactions having increased by 27% but value increasing by 78%!

And even for the biggest loser, Penang, even though number of transactions dropped by 24%, the value of these transactions dropped by only 8%, so prices were seen to have held somewhat.

In terms of pricing, the segment with the highest activity was the RM250,000 to RM500,000 segment, taking 18% of the market. Sales of homes priced above RM500K also increased from around 22,000 units in 2011 to around 26,500 units in 2012.

In terms of property types, terraced houses remained the most popular with about 36% of the market, while condos made up 15%. Many of these houses were located outside of the Kuala Lumpur and Selangor, however, given that 75% of of condo/apartment transactions were conducted in KL and Selangor.

In terms of developer units, the number of new launches increased from around 49,000 units in 2011, to around 57,000 units last year. Over 60% of these new launches were in KL, Selangor, Johor and Perak.

Take-ups from these launches were the best in KL (with 60% sales), Penang (56%) and Melaka (51%).

In terms of residential overhang, number of unsold developer homes dropped and Putrajaya and Labuan even recorded zero overhang. Among those units which remain unsold, 21% were condos/apartments, with nearly half of this number priced over RM1mil and located in Kuala Lumpur.

damn ....sigh..market down alil

rooney, housing index in Q3 2012 up again but Q4 2012 shown it down.

any new analysis from you?

yesterday reported 5-10% Correction Seen In High End Properties

today reports Malaysian home prices to rise 10-15pct this year

aiyoh last report showed q3 drop. This report showed q3 up and q4 drop. Wait for the next report as q4 is just agak agak number.

this affordable house looks like this

http://www.iproperty.com.my/propertylistin...artment_ForSale

these are all subsidised units. if the development costs too low, you will see the quality within 1 year after completion. where the money come from to subsidise all these units; of course, it is from taxpayers. one thing, if the subsidised RM1 bil; someone declare RM3bil. the winners are always the 'someone'. eventually we all are still losers to 'someone'.

Penang to see 9,999 low-cost homes, says PM Najib

Get Daily Property News in Malaysia, News Powered by PropertyGuru Malaysia

May 2, 2013 - PropertyGuru.com.my
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By Farah Wahida:

The Federal Government will develop 9,999 new units of low- and medium-cost apartments in Paya Terubong, Air Itam and Air Putih in Penang, according to Datuk Seri Najib Tun Razak.

Priced between RM72,500 and RM290,000, each unit will measure between 700 sq ft and 1,000 sq ft, said Najib at the 1Malaysia mini concert in Rifle Range.

During the event, the Penang Chinese Town Hall gave Najib petitions for the implementation of a monorail system within the state and restoration of Penang’s free port status.

Najib also announced the approval of the setting up of Heng Ee High School branch and the planned upgrade of Han Chiang College.

The college would be upgraded into a university to accommodate its mass communications programmes upon completion of necessary requirements.

The prime minister said both institutions would receive RM1 million each from Yayasan Rakyat 1Malaysia.

He pointed out that the Pakatan Rakyat-led state government failed to live up to expectations.

“If the state government is concerned about the rakyat, why didn’t they build any affordable housing?”

“If Pakatan government can’t do it, give a chance to Barisan, we’ll do it,” he said.


Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my

This post has been edited by kh8668: May 2 2013, 04:17 PM

paya terubong - http://www.apartment-penang.com/2011/05/su...-apartment.html


suria vista just completed. only selling 180k-200k each for 700sf. LOL go go

kl selangor about what?


http://www.propertyguru.com.my/condo/putra...-residensi-2525



This post has been edited by kh8668: May 2 2013, 04:16 PM

location is suck along paya terubong i guess.

yea. it's not bad

sime darby 's affordable housing scheme at bandar bukit raja, will be launched by PM (not sure) on 3rd May 2013.

someone is all out d.

those Pr1ma houses are going to be built, and yes for them



We decide for our future, and is not decided by them!

This post has been edited by kh8668: May 3 2013, 01:32 PM