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TODAY AUCTION ENTRY - 144
RM
  • No. 61, Jalan Galaksi 2/12, Ba...
    400,950
  • No. 32, Persiaran Lada 10, Ta...
    120,000
  • Unit No. 202-5-7, Sri Suajaya ...
    204,120
  • No. 94, Jalan Selasih 3, Taman...
    520,000
  • No. E1, Jalan Marina Avenue, M...
    549,000
  • 10C, Jalan Rishah 4 (Jalan Raj...
    225,000
  • Unit No. G-G-03A, Pangsapuri D...
    440,000
  • No. 40, Lorong Pelindung 101, ...
    1,093,500
  • No. 66, Lorong Raz Intan 3, Ta...
    620,000
  • No. 34, Jalan Permai, Robson H...
    3,200,000
  • Unit No. 42A-10-6, Block A, Ba...
    280,000
  • No. 1, Jalan Meru Perdana 20, ...
    330,000
  • No. 12254, Jalan Terkukur 13, ...
    390,000
  • No. 1201A, Lorong Astana 54/5,...
    328,500
  • No. 78, Persiaran Desa Manjung...
    243,000
  • No. JD 2379, Jalan BSJ P1/12, ...
    200,000
  • Unit No. B-40-03A, Residensi S...
    420,000
  • Unit No. C-702, Block C, Parad...
    440,000
  • Unit No. 22-05, 633 Residency,...
    900,000
  • Unit No. C-7-8, Fortune Avenue...
    420,000
  • Unit No. B-22-03, Komplex Dana...
    440,000
  • Unit No. B02-08, 2nd Floor, Bl...
    445,000
  • Unit No. 2-25-15, M-City, Jala...
    610,000
  • Unit No. C-18-03, Regalia Serv...
    635,000
  • Unit No. A-48-03, Residensi Sk...
    630,000
  • Unit Nos. E2-0-17 & E2-1-17, P...
    1,800,000
  • Unit No. 22A, Jalan Dutamas 9,...
    1,531,000
  • No. 21, Jalan Elektron U16/100...
    2,150,000
  • No. B17-3A, Magna Ville Selaya...
    172,000
  • No. A-19-1, Selayang Point, Ja...
    333,000
THIS WEEK AUCTION ENTRY - 790
RM
  • No. K 51, Jalan 3, Taman Bukit...
    234,000
  • Unit No. B-22-06, Tower B, The...
    350,000
  • Unit No. 10D-01-05-007, Blok 1...
    203,000
  • No. 31, Lorong 3, Taman Palong
    190,000
  • Unit No. C-22-27, Block C, The...
    350,000
  • No. 2347, Jalan Mutiara 5/4, T...
    210,000
  • No. 4, Jalan Pinggiran Senawan...
    240,000
  • No. 15E, Block 1, Worldwide Bu...
    325,000
  • Unit No. D-1-1, Mawar Sari Blo...
    350,000
  • No. 61, Jalan Galaksi 2/12, Ba...
    400,950
  • No. 32, Persiaran Lada 10, Ta...
    120,000
  • No. 95, Lorong Warisan Villa 1...
    570,000
  • No. 59, Jalan Jelawat 6, Kampu...
    600,000
  • No. 36, Klebang Prima 10, Meda...
    145,800
  • No. 12, Jalan Tawas Impiana 1,...
    378,000
  • No. 80, Jalan Mutiara Saujana ...
    230,000
  • Unit No, B-04-03, Residensi Es...
    306,000
  • No. 6, Jalan Tasik Angsana 3, ...
    306,180
  • Unit No. 202-5-7, Sri Suajaya ...
    204,120
  • No. 2, 4 & 6, Jalan Putra
    2,916,000
  • No. 33, Laluan Klebang Jaya 18...
    200,000
  • No. C2-G-7, Block C2, Pangsapu...
    99,000
  • No. 113, Jalan S2 J4, Sri Carc...
    1,458,000
  • No. 94, Jalan Selasih 3, Taman...
    520,000
  • No. 685, Laluan Kledang, Taman...
    102,000
  • No. 33, Laluan Pinji Perdana 1...
    120,000
  • No. E1, Jalan Marina Avenue, M...
    549,000
  • 10C, Jalan Rishah 4 (Jalan Raj...
    225,000
  • No. 22D, Jalan Kolam Air 3, Of...
    380,000
  • No. 22D, Jalan Kolam Air 3, Of...
    380,000
THIS MONTH AUCTION ENTRY - 567
RM
  • No. K 51, Jalan 3, Taman Bukit...
    234,000
  • Unit No. 10D-01-05-007, Blok 1...
    203,000
  • No. 4, Jalan Pinggiran Senawan...
    240,000
  • No. 15E, Block 1, Worldwide Bu...
    325,000
  • No. 61, Jalan Galaksi 2/12, Ba...
    400,950
  • No. 32, Persiaran Lada 10, Ta...
    120,000
  • No. 95, Lorong Warisan Villa 1...
    570,000
  • No. 59, Jalan Jelawat 6, Kampu...
    600,000
  • No. 12, Jalan Tawas Impiana 1,...
    378,000
  • No. 6, Jalan Tasik Angsana 3, ...
    306,180
  • Unit No. 202-5-7, Sri Suajaya ...
    204,120
  • No. 2, 4 & 6, Jalan Putra
    2,916,000
  • No. 94, Jalan Selasih 3, Taman...
    520,000
  • No. 33, Laluan Pinji Perdana 1...
    120,000
  • No. E1, Jalan Marina Avenue, M...
    549,000
  • 10C, Jalan Rishah 4 (Jalan Raj...
    225,000
  • No. 22D, Jalan Kolam Air 3, Of...
    380,000
  • No. 22D, Jalan Kolam Air 3, Of...
    380,000
  • Unit No. G-G-03A, Pangsapuri D...
    440,000
  • Unit No. G-16, Rumah Pangsa, T...
    100,000
  • No. 40, Lorong Pelindung 101, ...
    1,093,500
  • No. 66, Lorong Raz Intan 3, Ta...
    620,000
  • Unit No. 5-5-3, Blok 5, Pangsa...
    165,000
  • No. 68, Jalan Setia Impian U13...
    810,000
  • No. CT-D-04, 6th Floor, Grande...
    251,100
  • No. 42A, Jalan Abadi 1/20, Aba...
    526,500
  • No. 34, Jalan Permai, Robson H...
    3,200,000
  • No. 3, Jalan Cempaka 1, Taman ...
    100,000
  • No. 721, Jalan Kemboja 31, Ban...
    180,000
  • No. 1520, Jalan Scientex 28, T...
    380,000
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

RAM maintains negative outlook on property sector

Date: 13/05/2016

KUALA LUMPUR (May 9): RAM Rating Services Bhd has maintained its negative outlook on the Malaysian residential property sector as well as the office and retail sub-segments in Kuala Lumpur and Selangor this year.

RAM expects the consumer and business sentiment to remain muted amid a slowing economy while lending conditions are likely to stay tight, thus presenting another challenging year for the property sector.

In a statement today, the rating agency noted that the Malaysian property sector was subdued last year, as demand waned on the back of a decelerating economy, softer consumer and business sentiment, and tight financing conditions.

"Accordingly, residential property transactions contracted 5% year-on-year (y-o-y) in 2015, with a steeper 21% decline for the primary market.

"The aggregate sales of eight leading developers tracked by RAM also fell 15% y-o-y due to the downbeat market and cautious sentiment. Meanwhile, transaction value retreated 10% y-o-y — the first drop since 2005," it said.

RAM said the Malaysian House Price Index, while still trending upwards, has also tapered to a low single-digit growth.

Moreover, residential property overhang has been creeping up in the last two quarters, it added.

Meanwhile, RAM said the commercial sub-sectors (office and retail property) in Kuala Lumpur and Selangor also weakened, with occupancy rates retreating 1–3 percentage points y-o-y in 4Q15 as supply continued outpacing demand.

Rental rates for offices were reportedly flat while prime malls managed to eke out a very modest rental increase, it said.

Going forward, the rating agency expects demand to stay muted as the economy slows and consumer and business sentiment remains subdued.

"Tight lending conditions are likely to continue given the lingering concerns about the nation's elevated household debt levels.

"Furthermore, the imbalance within the commercial sub-sectors will persist, particularly given the cautious sentiment within the finance and oil and gas sectors — traditionally the key take-out sources for office space in the Klang Valley," said RAM.

Nevertheless, it expects the credit metrics of RAM-rated property players to stay stable.

"The majority of our rated entities have raised debt financing guaranteed by financial institutions.

"On a stand-alone basis, the credit profiles of our rated developers are also stable, supported by robust locked-in sales, a focus on more affordably priced homes and the flexibility arising from a cheap land bank.

"Meanwhile, the stand-alone credit strength of our rated REITs (Real Estate Investment Trusts) and mall owners are largely stable, underpinned by long leases, assets of good quality and the sturdy market positions of their malls," it added. -- theedgemarkets.com

By Chen Shaua Fui, The Edge Property


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