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THIS WEEK AUCTION ENTRY - 1,290
RM
  • Unit No. 7A-01-05, Akasia Apar...
    320,000
  • Unit No. #11-01, Blok C, KIP V...
    380,000
  • No. 208, Jalan Springhill 5/3A...
    280,000
  • No. 397, Jalan Desa Bayanmas 1...
    423,900
  • Lot No. 48, Jalan Sama Gagah 2...
    400,000
  • No. 6, Jalan Maju Satu 8, Tama...
    315,000
  • Unit No. 9-12-9 Abadi Indah Ko...
    270,000
  • Unit No. A-31-3, Kiara 1888, N...
    1,350,000
  • No. 54, Jalan Langsat 2, Taman...
    225,000
  • No. 33-2, 33, Parkview Service...
    550,000
  • No. 5, Jalan Mawar 5, Taman Sa...
    960,000
  • Unit No. A-16-19, The Scott Ga...
    270,000
  • No. 7-13-13, May Tower, No. 7,...
    247,500
  • No. 33, Lorong Jati 3-A, Taman...
    204,120
  • Unit No. G-5-09, Pangsapuri Ka...
    350,000
  • No. 953, Jalan Nusari Aman 3/6...
    360,000
  • PT 1126, Taman Sentosa
    150,000
  • No. 26, Jalan Mengkudu, Taman ...
    165,000
  • No. 6, Jalan Kinding Perdana 1...
    230,000
  • No. 59, Jalan Jelawat 6, Kampu...
    600,000
  • No. 9, Jalan Kasturi 1, Kastur...
    527,000
  • No. 57, Jalan Pulai Impian 2, ...
    400,000
  • Unit No. 311, Blok 5, Jalan 1/...
    114,000
  • No. 40, Jalan Pundut Raya 3, T...
    300,000
  • Unit No. A-10-23A, Tower A, Th...
    350,000
  • No. 19, jalan Inang 5, Bandar ...
    890,000
  • No. 14, Jalan Myra Alam 1/3, T...
    500,000
  • No. 131, Jalan Mangga 6, Off J...
    330,000
  • No. 34A, Jalan Sembilang, Tama...
    230,000
  • No. 10, Jalan G 24/G, Seksyen ...
    1,000,000
THIS MONTH AUCTION ENTRY - 3,240
RM
  • Unit No. 7A-01-05, Akasia Apar...
    320,000
  • Unit No. #11-01, Blok C, KIP V...
    380,000
  • No. 66, Lorong Manjung Point 1...
    500,000
  • No. 20, Jalan S/S 25, Taman In...
    240,000
  • No. 208, Jalan Springhill 5/3A...
    280,000
  • No. 16, Jalan Merbau, Taman Se...
    360,000
  • No. 92A, Jalan Sepah Puteri 5/...
    950,000
  • No. 1530, Jalan Politeknik 29,...
    153,090
  • No. 1530, Jalan Politeknik 29,...
    153,090
  • No. 443, Lorong Iringan Bayu 3...
    336,000
  • No. K 51, Jalan 3, Taman Bukit...
    234,000
  • No. 584, Taman Budiman Fasa 1B
    250,000
  • No. A-11-02, Maxim Alam Damai,...
    430,000
  • Unit No. 12-22, Suria Jaya, Ja...
    226,800
  • No. 78, Jalan UB 12A, Taman Uk...
    1,100,000
  • No. 281, Darulaman Golf & Coun...
    531,000
  • No. 397, Jalan Desa Bayanmas 1...
    423,900
  • 474, Fasa 1, Taman Mergong Jay...
    234,000
  • Unit No. 10D-01-05-007, Blok 1...
    203,000
  • Lot No. 48, Jalan Sama Gagah 2...
    400,000
  • No. 6, Jalan Maju Satu 8, Tama...
    315,000
  • Unit No. 9-12-9 Abadi Indah Ko...
    270,000
  • Unit No. A-31-3, Kiara 1888, N...
    1,350,000
  • Unit No. C-G-3A, Bayu Villa Ap...
    310,000
  • No. 330, Jalan Timur 2/1C, Tim...
    1,280,000
  • No. 54, Jalan Langsat 2, Taman...
    225,000
  • Lot 3538, GM 1997, Mukim Binja...
    170,000
  • No. 7937, Jalan BBN 5/3D, Tama...
    365,000
  • No. 33-2, 33, Parkview Service...
    550,000
  • No. 5, Jalan Mawar 5, Taman Sa...
    960,000
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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