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TODAY AUCTION ENTRY - 51
RM
  • No. 290, Jalan Lestari 15, Les...
    260,000
  • No. 56, Jalan Putera Indah 7/1...
    373,500
  • Unit No. A-01-01, Residensi Ri...
    2,800,000
  • Unit No. 17-3, 17th Floor, Pan...
    810,000
  • No. 2, Jalan OZ 19, Taman Ozan...
    720,000
  • Unit No. 116, Mesra Terrace, N...
    1,799,000
  • No. 11, Jalan Impiana 2, Taman...
    700,000
  • No. 191, Jalan Batu Tiga Lama
    642,000
  • No. 92, Taman Seri Perak, Tama...
    160,000
  • No. 36, Persiaran Hulu Bercha...
    180,000
  • Unit No. B1-4 (B-01-004), Pers...
    320,000
  • No. A-3-02, Pangsapuri Anggeri...
    250,000
  • No. 270, Jalan Tanjung 2/2, Ba...
    193,500
  • No. 23, Lebuh Bercham Selatan ...
    90,000
  • Unit No. 4-09, Blok B1 Jalan S...
    90,000
  • No. 3-03A, Pangsapuri 8 Petali...
    700,000
  • Lot 18489, Taman Cukai Utama 3...
    1,250,000
  • No. 88, Taman Pelangi
    288,000
  • No. 12, Jalan Cempaka 2, Taman...
    68,000
  • No, 22, Jalan Dato Yusuf Shahb...
    400,000
  • No. 66, Persiaran Desa Manjung...
    280,000
  • No. 47, Laluan Kelebang Jaiya ...
    144,000
  • No. 18, Taman Pantai Mewah
    94,770
  • No. 1, Lorong Woodland Height ...
    450,000
  • No. 1189, Lorong Permai Utama ...
    370,000
  • No. 484, Jalan Saujana 1/6, Ba...
    328,000
  • No. 11A, Jalan TP 7D (Jalan TP...
    108,000
  • No. 12A, Lorong Tanah Aman 4, ...
    1,900,000
  • Lot 5362, Taman Bukit Tebu 2, ...
    242,775
  • Unit No. 6E-03-01, Sri Kenanga...
    250,000
THIS WEEK AUCTION ENTRY - 498
RM
  • No. 20, Jalan Sari 8, Taman Ge...
    140,000
  • Lot 748, PM 140, Near Taman Te...
    900,000
  • Unit No. A3-18-3A, St Mary Res...
    1,150,000
  • No. 25, Lintasan Pegoh 2, Band...
    400,000
  • No. 290, Jalan Lestari 15, Les...
    260,000
  • No. 56, Jalan Putera Indah 7/1...
    373,500
  • Lot 5349, Jalan Panchor, Taman...
    232,000
  • No. 33-2, 33, Parkview Service...
    486,000
  • Unit No. M-03, Residensi Jalil...
    1,170,000
  • No. 1530, Jalan Politeknik 29,...
    210,000
  • Unit No. A-01-01, Residensi Ri...
    2,800,000
  • Unit No. 17-3, 17th Floor, Pan...
    810,000
  • No. 1-4-04, 3rd Floor, Gold Co...
    131,220
  • No. 2, Jalan OZ 19, Taman Ozan...
    720,000
  • No. 21, Jalan Pelangi 14, Tama...
    250,000
  • No. 45, Jalan Setia Wawasan U1...
    900,000
  • Unit No. A-10-9, 10th Floor, B...
    360,000
  • No. 35, Jalan Tun H S Lee
    3,000,000
  • Unit No. 116, Mesra Terrace, N...
    1,799,000
  • No. 652, Laluan Kledang 5/8, T...
    100,000
  • No. 45, Jalan SM 5A/7, Bandar ...
    189,000
  • No. 1182, Jalan Lavendar Heigh...
    526,500
  • Unit No. 67-3, Block 67, Aras ...
    260,000
  • Unit No. 19-1A, Jalan Bandar D...
    256,000
  • No. 4, Jalan Desa Gombak 2, De...
    612,000
  • No. 4, Jalan Desa Gombak 2, De...
    612,000
  • No. 114, Perindustrian Lukut I...
    234,000
  • Unit No. 16-06, Block A, Pangs...
    308,000
  • #07-08, Blok A, Bayu Puteri 2,...
    235,000
  • No. 11, Jalan Impiana 2, Taman...
    700,000
THIS MONTH AUCTION ENTRY - 3,042
RM
  • No. 7, Jalan Semenyih Mewah 7,...
    475,000
  • No. 3, Jalan Limau Bali, Taman...
    1,000,000
  • No. 133, Jalan Kolam Air Lama,...
    1,000,000
  • No. 14, Jalan Jiran 6, Happy G...
    1,000,000
  • No. 112, Jalan Springhill 9/1,...
    210,000
  • No. 101, Jalan Saujana Indah 2...
    470,000
  • No. 20, Jalan Sari 8, Taman Ge...
    140,000
  • No. 5, Jalan Jinjang Aman 16, ...
    972,000
  • No. 7, Jalan Jinjang Aman 16, ...
    1,053,000
  • No. 3, Jalan Jinjang Aman 16, ...
    1,053,000
  • No. 44, Jalan PR 2/3, Taman Pe...
    931,500
  • No. 812, Lorong Harmoni 2, Ban...
    270,000
  • 37, Jalan BK 4/1K, Bnadar Kinr...
    330,000
  • No. R22, Jalan Kelubi, Taman K...
    200,000
  • No. 105, Jalan Utama 70, Taman...
    260,000
  • No. 2, Jalan Amanah 3/12, Tama...
    400,000
  • Lot Nos 1683, PTD 421A dan PTD...
    237,070,800
  • Lot 748, PM 140, Near Taman Te...
    900,000
  • Unit No. A3-18-3A, St Mary Res...
    1,150,000
  • No. 20, Persiaran Murni 7, Tam...
    144,000
  • No. 25, Lintasan Pegoh 2, Band...
    400,000
  • No. 290, Jalan Lestari 15, Les...
    260,000
  • No. 56, Jalan Putera Indah 7/1...
    373,500
  • No. 23, Jalan Teruntong, Bukit...
    10,826,100
  • Lot 5349, Jalan Panchor, Taman...
    232,000
  • No. 33-2, 33, Parkview Service...
    486,000
  • No. 371, Jalan Jasper Jaya 11,...
    250,000
  • No. 176, Jalan Rasa Sayang 6, ...
    120,000
  • No. 5582, Jalan Pinggiran Feld...
    108,000
  • No. 116, Persiaran Venice Sute...
    350,000
HOT AUCTION HIGHLIGHTS - 1
RM
  • No. 1, Jalan Peguam U1/25, Sek...
    15,200,000
PROPERTY FOR SALE - 42
RM380,000
Condominium
Tenure
: Leasehold
Property Size
: 1,006 sq. ft.
Location
: Puchong
PROPERTY TO RENT - 17
RM1,650
Apartment
Tenure
: Leasehold
Property Size
: 771 sq. ft.
Location
: Shah Alam
NEWS

BNM: Affordable housing shortage may deepen property market imbalances

Date: 24/03/2016

KUALA LUMPUR (March 24): The continuous undersupply of affordable houses, in contradiction with oversupply of office and retail spaces in several major cities and towns, may lead to deeper imbalances in the property market, with negative spillovers to other parts of the economy.

Bank Negara Malaysia (BNM) said a comprehensive and carefully-designed national planning policy is needed for the property market to help support the government's aim of delivering more housing, whilst managing the oversupply of commercial properties.

"The conversion and repurposing of under-utilised surplus commercial space should be a part of that overall strategy, with the cost being borne by property owners rather than taxpayers.

"Ensuring that the low- and middle-income households have access to quality affordable housing involves not only a commitment from the government, but also the support of the private sector," BNM said in its 2015 Annual Report released here yesterday. 

The central bank also sees a need for the consolidation of multiple providers of affordable housing across the state and national levels and an equal focus on the rental market. 

In addition, it said macroprudential and fiscal measures that are in place, such as the loan-to-value (LTV) measures, Responsible Lending Guidelines, higher real property gains taxes (RPGT) and the prohibition of Developer Interest-Bearing Scheme (DIBS), remain instrumental towards maintaining the long-term sustainability of the property market and mitigating potential risks to financial stability.

BNM said an estimated 202,571 new houses are required annually between 2016 and 2020 to match the estimated growth in households during this period, about 2.5 times the number of houses built annually in the previous five years.

"The shrinking size of households, combined with continued growth in incomes and population, as well as rapid urbanisation, are expected to remain important drivers of the overall demand for houses, especially in the major urban areas," it said. 

For the office and retail space market, BNM said there is a risk of oversupply, particularly in the major cities, with a report by Jones Lang Wootton foreseeing an average of 4.9 million square feet of new office space being added to the market each year over the next three years.

This, it said, is significantly higher than the historical average of 2.8 million square feet of new office space added to the market annually between 2001 and 2015.

For the retail segment, BNM said there are signs of oversupply, particularly in Penang, Johor and the Klang Valley, despite the vacancy rates in some of these areas improving in recent years.

"By 2018, prime retail space per capita in the Klang Valley and Johor Bahru is projected to increase by about 43% and 119% respectively from their already relatively high levels.

"The emergence of more new shopping malls is likely to increase competition for tenants, resulting in higher vacancy rates, lower rentals and increased risk of dilapidation," it added.


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