MEMBER LOGIN
:
:
Remember Password
THIS WEEK AUCTION ENTRY - 250
RM
  • No. 21, Jalan Mahligai 5D/KU2,...
    820,000
  • No. 69, Jalan Bagan Kurnia 8, ...
    190,000
  • No. 1038-P, Taman Sri Pantai, ...
    500,000
  • No. 63, Jalan Desa PD 2/2, Tam...
    120,000
  • No. 5, Jalan Rusa 6, Taman Sci...
    375,000
  • No. 19, Lorong Dato Dagang 52B...
    400,000
  • No. 440, Jalan Intan Duyung 21...
    130,000
  • Unit No. A-19-2, Residensi Kia...
    576,000
  • No. 27, Jalan Wangsamas 2, Buk...
    1,400,000
  • 21-07, 21, Pangsapuri Seri Mut...
    252,000
  • No. 22, Jalan Sentral 23/12, T...
    900,000
  • No. 22, Jalan Sentral 23/12, T...
    900,000
  • Lot 780, Kg. Padang Pak Dogol
    117,000
  • No. 56, Jalan Puyuh, Taman Buk...
    82,000
  • Lot No. 198, Kampung Sri Bunga...
    350,000
  • No. 5, Jalan Perak 1, Taman Sr...
    340,000
  • No. 66, Jalan Seri Bayu 2/2, T...
    180,000
  • No. 3, Jalan Sutera 1/5, Taman...
    108,000
  • No. 8, Jalan Bukit Flora 2, Ta...
    260,000
  • No. S1-01-25, Block S1, Sutram...
    270,000
  • No. S1-01-25, Block S1, Sutram...
    270,000
  • No. 24, Jalan Prima 3/3, Taman...
    549,000
  • No. 4, Persiaran Iskandar Perd...
    100,000
  • PT 36023 dan PT 36024, Jalan G...
    360,000
  • No. 93, Lorong Unijaya 7, Tama...
    346,000
  • No. 52, Jalan Bunga Raya 15, T...
    40,000
  • No. 39, Taman Bersatu
    45,000
  • No. 69, Jalan Sri Kayan 2, Tam...
    45,000
  • No. 16, Jalan Bistari 4/16, Ta...
    200,000
  • No. 116, Persiaran Muhibbah Ja...
    130,000
THIS MONTH AUCTION ENTRY - 1,969
RM
  • No. 71, Jalan Tanjung Jinti 28...
    450,000
  • No. 31, Jalan Ponderosa 2/7, T...
    2,771,000
  • No. 36, Jalan Lading 28, Taman...
    200,000
  • Unit No. 5-6-3A, Block 5 (Cher...
    570,000
  • No. 5, Jalan Cahaya 3, Villa L...
    2,250,000
  • Lot 238, Jalan Tepi Sungai Ten...
    384,000
  • No. 2033, Lorong Serai 12/4, T...
    200,000
  • No. 4, Jalan Gerbang Tanjong 1...
    160,000
  • No. 21, Jalan Mahligai 5D/KU2,...
    820,000
  • No. 69, Jalan Bagan Kurnia 8, ...
    190,000
  • No. 1038-P, Taman Sri Pantai, ...
    500,000
  • No. 63, Jalan Desa PD 2/2, Tam...
    120,000
  • No. 14, Jalan Kempas Indah 1/9...
    650,000
  • No. 5, Jalan Rusa 6, Taman Sci...
    375,000
  • No. 247, Jalan Mantau Indah 2/...
    190,000
  • No. 344, Jalan Desa PD 7, Tama...
    100,000
  • No. 226, Jalan Zamrud 11, Tama...
    210,000
  • No. 30, Jalan Cempaka 5, Taman...
    150,000
  • No. 19, Lorong Dato Dagang 52B...
    400,000
  • No. 440, Jalan Intan Duyung 21...
    130,000
  • No. 1, Jalan Awan Cina, Taman ...
    1,620,000
  • No. 753, Jalan Hijayu 2/52, Hi...
    878,000
  • No. 10, Lorong Temenggung 17B,...
    470,000
  • Unit No. A-19-2, Residensi Kia...
    576,000
  • No. 27, Jalan Wangsamas 2, Buk...
    1,400,000
  • No. 2001, Jalan Warisan Puteri...
    380,000
  • No. 251, Jalan Sendayan Indah ...
    170,000
  • Unit No. C-1-1, Setiawangsa Bu...
    580,000
  • No. C-0-1, Ground Floor, Setia...
    800,000
  • Unit No. A-02-2, Mutiara Upper...
    1,053,000
HOT AUCTION HIGHLIGHTS - 243
RM
  • No. 5, Jalan Cahaya 3, Villa L...
    2,250,000
  • No. 1, Jalan Awan Cina, Taman ...
    1,620,000
  • No. 28, Jalan Mutiara Tropican...
    875,000
  • No. 19, Jalan Ambang 3/1, Hori...
    800,000
  • No. 5, Jalan Sierra 9/3A, Sier...
    1,800,000
  • No. 9, Jalan Teratak U8/96C, B...
    2,070,000
  • No. 53, Jalan Ambang 2/3, Hor...
    1,000,000
  • No. 89, Jalan U-Thant
    9,400,000
  • No. 33-B, Lorong Abu Siti
    2,300,000
  • No. 32, Jalan Biola 33/1, Elit...
    1,710,000
  • No. 34, Jalan Biola 33/1, Elit...
    1,710,000
  • Budget Hotel at No. 159, Golde...
    900,000
  • No. B-16-2, Binjai Residency, ...
    1,800,000
  • No. 9, Jalan 2/4C, Desa Melawa...
    4,000,000
  • No. 11A, Denai Pinang 10, Seri...
    2,430,000
  • No. 7, Jalan Kempas 3/2, Sekse...
    1,000,000
  • Unit No. BP-G-10, BP-1-10, BP-...
    1,620,000
  • PLO 296, Jalan Tembaga 2, Kawa...
    8,300,000
  • No. 37, Jalan Perak
    4,950,000
  • No. B-2, Jalan Seri Kuantan 2,...
    2,361,960
  • No. 26, Jalan TR 1/2, Tropican...
    874,800
  • No. 42, Jalan Yeap Chor Ee, Is...
    2,160,000
  • No. 72, Lebuh King
    3,159,000
  • Lot 58, Jalan Gebeng 1/10, Kaw...
    3,100,000
  • No. 25, Jalan Lagenda 2, Lagen...
    3,500,000
  • Unit No. 5-12-3A, Level 12, Bl...
    720,000
  • No. 17, Halaman Juru Setia 10,...
    800,000
  • No. 5, Jalan Laman Estuari 1/6...
    792,000
  • No. 2, Jalan Pinggiran 4, Tama...
    1,166,400
  • No. 10, Golf Villas, Jalan PJU...
    4,600,000
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.


NEWS
TWEETS
FACEBOOK