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THIS WEEK AUCTION ENTRY - 1,008
RM
  • No. I-1-9, Blok I, R/P Bandar ...
    190,000
  • No. 3, Jalan Damar Bayu 4C, Gl...
    750,870
  • Unit No. 28-11, Residensi Kama...
    650,000
  • No. 1006, Laluan Kledang 4/3, ...
    99,000
  • No. 121, Jalan Bentara 1, Tama...
    194,400
  • No. 24, Persiaran Tawas Jaya 3...
    530,000
  • No. 597, Laluan Kledang 5/7, T...
    126,000
  • No. 652, Laluan Kledang 5/8, T...
    99,000
  • No. 11, Lorong Megah 3/2, Tama...
    135,000
  • No. 770, Taman Kledang
    200,000
  • No. 358, Persiaran SM 2H/11, F...
    189,000
  • Unit No. A-3-2, Seri Cendekia ...
    182,000
  • Unit No. 10B-7-1, Putra Court,...
    350,000
  • No. 3, Jalan Lahat Indah 6, Ta...
    200,000
  • No. 42, Persiaran Putera 4, Ta...
    153,000
  • No. 94, Persiaran Puteri Indah...
    113,400
  • Unit No. B-15-9, Block B, Mega...
    1,400,000
  • No. 1, Jalan Chenderong 1, Tam...
    121,500
  • No. 256B, Jalan Lembah Merbok ...
    200,000
  • No. 290, Jalan Saujana Indah 6...
    490,000
  • No. 5, Lorong SU 1/7, Taman Sa...
    260,000
  • No. 16, Jalan Dendang 62, Tama...
    280,000
  • No. 37, Lebuh Perpaduan Selata...
    180,000
  • No. A166, Lorong Cendana 1/1, ...
    425,000
  • Lot 19234 & 19235, Jalan Melaw...
    14,000,000
  • No. 49, Jalan Tiang Seri U8/73...
    2,160,000
  • No. 6, Persiaran Jerlun 5, Tam...
    113,400
  • No. 729, Taman Kledang
    162,000
  • No. 3, Jalan Puncak Kampar 2, ...
    650,000
  • No. 71, Jalan Perkasa Lahat Ba...
    38,900
THIS MONTH AUCTION ENTRY - 4,282
RM
  • No. I-1-9, Blok I, R/P Bandar ...
    190,000
  • No. 12, Jalan Denai Alam 1/3, ...
    630,000
  • No. 62, jalan Udang Gantung, T...
    710,000
  • No. 61, Jalan Mewah 1, Taman M...
    335,000
  • No. 3, Jalan Damar Bayu 4C, Gl...
    750,870
  • No. 44, Jalan PR 2/3, Taman Pe...
    1,200,000
  • Unit No. B-08-22, The Scott Ga...
    350,000
  • Unit No. B-08-03A, The Scott G...
    283,500
  • Unit No. A6-3-34, Block A6, Ja...
    120,000
  • No. 30, Jalan Sembilang 2, Kaw...
    650,000
  • No. 352, Taman Bersatu, Off Ja...
    244,215
  • No. 28, Persiaran Desa Rishah ...
    350,000
  • No. 61, Jalan Songket 2, Taman...
    250,000
  • No. 21, Lorong Impiana 6, Tama...
    270,000
  • No. 944A, Lorong Astana 35/3, ...
    240,000
  • No. 41, Persiaran PM 3/5, Seks...
    600,000
  • Lot 292, Lorong Zamrud 2/1, RP...
    260,000
  • No. 24, Jalan TJ 9/3, Taman Te...
    103,500
  • No. 45, Jalan Sri Sulong 41, T...
    210,000
  • NT62, Nilam Terraces, Bandar B...
    870,000
  • No. G-03, Residensi Jalil Idam...
    540,000
  • No. 1-12-05, Harmony View, Lin...
    400,000
  • Unit No. A1-26-11, Avara Seput...
    495,000
  • No. 6, Jalan Seri Wangsa 8, Ta...
    140,000
  • No. 347, Jalan Bayu Sutera 1/9...
    450,000
  • No. 15, Jalan Chengal Baru 3, ...
    675,000
  • Unit No.A-08-07, Blok A, Jalan...
    450,000
  • Lot 1770, Mukim Jebong, Daerah...
    1,500,000
  • No. 1531, Jalan 38, Taman Kepo...
    850,000
  • Unit No. 28-11, Residensi Kama...
    650,000
PROPERTY FOR SALE - 31
RM380,000
Condominium
Tenure
: Leasehold
Property Size
: 1,006 sq. ft.
Location
: Puchong
PROPERTY TO RENT - 8
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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