YAP Rony Property and Real Estate in Malaysia: September 2021

Residensi Wilayah @ Miharja, Cheras (New Units For Sale)

Property: Condominium

Type: A

Tenure: Leasehold

Land Area: 2.67 acres

Built-up: 859 sq ft

Bedroom: 3

Bathroom: 2

Occupancy: Q4 2024

Furnishing: Basic

Parking: 1

Facilities: Yes

Remark:

1) Balcony

2) For age 21 and above only

3) Gated & guarded with 3-tier security

4) Individual gross income not more than RM 10k or Household gross income not more than RM 15k

5) Malaysian citizen working and staying in KL

6) Walking distance to Aeon Mall, Maluri LRT & MRT, Miharja LRT, Sunway Velocity & Viva Mall

GPS/Location: Jalan Palong

Sale: RM 300,000 (RM 350 per sq ft)

Contact:

👉 WhatsApp https://bit.ly/3zQNmbz

Contact:

👉 WhatsApp https://bit.ly/3zQNmbz

Pasaran Hartanah Meningkat Ketara Separuh Pertama 2021

15hb September 2021 Sinar Harian

PASARAN hartanah Malaysia mencatatkan sebanyak 139,754 transaksi bernilai RM62.01 bilion pada separuh pertama 2021, menunjukkan peningkatan jumlah sebanyak 21.0 peratus dan nilai 32.1 peratus berbanding tempoh sama pada tahun lepas.

Menurut Laporan Pasaran Hartanah Malaysia pada separuh pertama 2021 yang dikeluarkan oleh Pusat Maklumat Harta Tanah Negara (Napic) Kementerian Kewangan hari ini, jumlah transaksi di seluruh subsektor menunjukkan pergerakan menaik.

Menurut laporan itu, subsektor tanah kediaman, perniagaan, industri, pertanian dan tanah pembangunan mencatatkan pertumbuhan tahun ke tahun, masing-masing sebanyak 22.2 peratus, 28.5 peratus, 29.4 peratus, 13.9 peratus dan 21.3 peratus.

Kata laporan itu, nilai transaksi bergerak seiring dengan subsektor tanah kediaman, komersial, industri, pertanian dan tanah pembangunan, masing-masing mencatatkan pertumbuhan sebanyak 34.7 peratus, 28.4 peratus, 19.8 peratus, 33.1 peratus dan 40.6 peratus.

Mengenai hartanah kediaman, katanya terdapat 92,017 transaksi bernilai RM34.51 bilion yang dicatatkan dalam tempoh kajian, meningkat sebanyak 22.2 peratus dalam bilangan dan 34.7 peratus bagi nilai tahun ke tahun.

Menurut laporan itu, prestasi di seluruh negeri bertambah baik dalam tempoh kajian.

Dalam pasaran primer, laporan itu berkata, terdapat 16,660 unit dilancarkan, menurun sebanyak 34.0 peratus berbanding 25,227 unit pada separuh pertama 2020 manakala berbanding separuh kedua 2020, pelancaran baharu lebih rendah sebanyak 24.1 peratus dengan 21,951 unit dilancarkan.

Kata laporan itu, prestasi jualan pelancaran baharu dicatatkan sebanyak 24.7 peratus, lebih baik berbanding 12.9 peratus pada separuh pertama 2020.

“Peningkatan prestasi jualan itu berkemungkinan disebabkan pelbagai langkah oleh kerajaan seperti insentif Kempen Pemilikan Rumah (diperkenalkan semula dari 1 Jun 2020-31 Dis 2021) dan kadar OPR (Kadar Dasar Semalaman) yang rendah,” kata laporan itu.

Menurut laporan itu, kediaman siap dibina tidak terjual menunjukkan pertumbuhan yang sederhana dengan sebanyak 31,112 unit siap dibina tidak terjual bernilai RM20.09 bilion dicatatkan, menunjukkan peningkatan 5.2 peratus dan 6.2 peratus, masing-masing dalam jumlah dan nilai berbanding separuh tahun sebelumnya.

Tambah laporan itu, Indeks Harga Rumah Malaysia (IHRM) menyaksikan pertumbuhan negatif pada suku kedua 2021, selepas beberapa siri pertumbuhan harga yang perlahan sejak 2018.

"IHRM berada pada 197.9 mata, turun 1.2 peratus tahun ke tahun manakala pergerakan suku tahunan menyaksikan penurunan sebanyak 1.6 peratus," kata laporan itu.

Mengenai hartanah komersial, laporan itu berkata, terdapat 10,433 transaksi bernilai RM10.93 bilion yang dicatatkan, meningkat sebanyak 28.5 peratus dalam bilangan dan 28.4 peratus dalam nilai berbanding tempoh yang sama pada tahun lepas.

Menurut laporan itu, semua negeri mencatatkan lebih banyak aktiviti pasaran dalam tempoh kajian kecuali Wilayah Persekutuan Putrajaya dan Pahang manakala Selangor menyumbang bilangan dan nilai tertinggi kepada syer pasaran nasional, dengan 26.3 peratus (2,741 transaksi) dan 30.8 peratus (RM3.37 bilion) daripada jumlah bilangan dan nilai.

Prestasi kompleks perniagaan adalah sederhana pada separuh pertama 2021, dengan kadar penghunian keseluruhan menyaksikan sedikit penurunan pada 76.6 peratus berbanding separuh pertama 2020 sebanyak 78.6 peratus.

Kata laporan itu, Wilayah Persekutuan Kuala Lumpur dan Selangor, masing-masing mencatatkan kadar penghunian sebanyak 81.6 peratus dan 78.8 peratus manakala Johor dan Pulau Pinang, masing-masing memperoleh penghunian purata sebanyak 73.4 peratus dan 72.2 peratus.

Menurut laporan itu, hanya satu bangunan siap dibina dicatatkan pada separuh pertama 2021 iaitu tambahan ruang Setia City Mall, Shah Alam dengan 21,363 meter persegi, menjadikan jumlah ruang kompleks perniagaan di seluruh negara menjadi 16.93 juta meter persegi.

Terdapat 47 kompleks perniagaan berjumlah 1.94 juta meter persegi dalam penawaran akan datang dan 10 kompleks dengan 0.34 juta meter persegi dalam penawaran yang dirancang.

“Disokong oleh pelaksanaan pelbagai inisiatif dan bantuan kerajaan, pasaran hartanah dijangka berada pada aliran pemulihan seiring dengan pemulihan ekonomi secara berperingkat,” menurut laporan itu. - Bernama

Home Ownership Campaign – Who Really Benefits?

Thean Lee Cheng - September 11, 2021, 8:00 AM

PETALING JAYA: Should the government extend the Home Ownership Campaign (HOC) which ends on Dec 31?

No, said Khazanah Research Institute (KRI) and the National House Buyers Association (HBA).

KRI researchers Gregory Ho Wai Son and Puteri Marjan Megat Muzafar told a webinar the government should not step in to intervene in the developers’ primary housing market.

KRI is the research arm of sovereign wealth fund Khazanah Nasional Bhd.

The HOC has been running since Jan 1, 2019, except for a short break in 2020. It was to help developers sell their units, especially their unsold completed ones.

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It was brought back in June 2020 as part of the Covid-19 stimulus package. That means, over a period of 36 months, it ran for 30 months.

Various freebies, stamp duty waivers on loan agreement and instrument of transfer and a minimum 10% rebate are given to Malaysian house buyers during the campaign period.

Ho said the overhang units are, in the first place, “unaffordable”, which explains why they were left on the shelf.

He said developers are essentially building too many units for people who do not exist. They are not building for real people who can only afford houses priced at RM300,000 and below.

In a capitalist world, he said, an entrepreneur will reduce prices if he cannot sell his goods. “Why are developers not reducing prices? And why should the government step in (to help)?”

Ho said that in any business venture, the entrepreneur takes a risk and he does so with the aim of getting a profit.

“So, if he has mispriced the units, he should drop prices in order to clear his stock of inventory. It would be odd if the government is expected to step in to solve the problem of mispricing,” he said.

Malaysian Institute of Estate Agents president Chan Ai Ching said that in a survey commissioned by the institute, real estate agents ranked the HOC as number four in order of importance after interest rate, Covid-19 recovery and the economy to foster sales.

The HOC is limited to the developers’ units and does not benefit the entire housing market, Chan said.

The HBA concurs that rebates can be destructive “over the long term” as they create “a vicious cycle” of price increases.

In his video titled “Why should house buyers be wary of discounts and rebates?” released on Sept 4, HBA’s honorary secretary-general, Chang Kim Loong, said developers “artfully” inflate prices in order to give a rebate.

The house may cost RM450,000. If the developer offers a 10% rebate (as stipulated under HOC rules) the developer inflates the price to RM500,000 and then gives a 10% rebate, Chang said.

The rebate is not noted in the sale and purchase agreement (SPA) and when the buyer seeks financing, the loan he applies for is based on the inflated price of RM500,000 and not RM450,000.

The buyer will get a higher loan based on the inflated price but he also ends up paying more interest and having to service a longer loan tenure. It creates “a vicious cycle” of artificially inflating prices because house owners will price their units higher in tandem with the developers’ inflated pricing.

A developer who declined to be named said a rebate was different from a discount. Using that same RM450,000 house as an example, if a 10% discount is given, RM405,000 would be stated in the SPA, she said.

The loan is then based on that price.

A rebate, like free furniture and everything “free”, is not noted in the SPA. So, lending and financing institutions have difficulty discovering what the real net price is, the developer said.

Puteri Marjan said the pandemic has resulted in many losing their jobs or suffering pay cuts. But the overhang has been there even before the pandemic.

She said because of Malaysia’s sell-then-build system, developers use buyers’ progressive payments to build the properties.

Developers build more than the demand because it is the buyers who finance the construction process. Developers need not take out so much working capital, she said.

The problem is exacerbated when developers do not conduct independently commissioned market and feasibility studies which will show the income levels of the people in that location, among other information, Puteri Marjan said.

In view of the challenges and issues facing the housing market today, the pandemic has further exposed the fact that “we do not have an effective housing market”, she said.