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COVER STORY
2
2012 issue 2
pg
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8
pg
POLICY
MALAYSIA REAL ESTATE PERFORMANCE OVERVIEW AND OUTLOOK 2012 MALAYSIA’S InstitutionalFIRST investment drive growth “INTELLIGENT CITY”
AN OVERVIEW OF MULTIMEDIA SUPER (MSC) MALAYSIA
CORRIDOR
>> >>Read Readmore more
SPOTLIGHT
5
pg
KUALA LUMPUR, A REGIONAL BUSINESS HUB OF CHOICE
9
pg
GRAPHICALLY SPEAKING
>> Read more
IN A NUTSHELL
>> Read more
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SHIFTING TRENDS WITHIN ASIA AS AN ATTRACTIVE CBD
SHARE
PERCENTAGE OF NUMBER OF PROPERTY TRANSACTION BY SUB-SECTOR AND PRICE RANGE, 2011 >> Read more
>> Read more
NEWSFLASH MALAYSIA ATTAINS HIGHEST RANKING IN GLOBAL PEACE INDEX WITHIN SOUTHEAST ASIA >> Read more
10
pg
7
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CROSSBORDER QUERIES LOOKING FOR
INVESTMENT >> View details
COVER STORY
2
MALAYSIA’S FIRST
Thailand
INTELLIGENT CITY
Cyberjaya is home to multinational companies, academic institutions and expatriates
Penang
Kota Kinabalu Kuala Lumpur
by Hazrul Izwan & Michael A. David
Cyberjaya
Cyberjaya, a fully integrated city aspires to be known as the “Silicon Valley” of Malaysia. Its development to serves affirm Malaysia’s status as a country of “Knowledge-Based Economy”. It is conceptualized to provide a comprehensive infrastructure for both enterprise and office development and act as the catalyst for the growth of government Multimedia Super Corridor (MSC) ICT enterprises and the multimedia industries in Malaysia. Cyberjaya was launched in 1999 by the fourth Prime Minister Tun Dr Mahathir Mohamad as the regional and glocal ICT hub to rival the best in the world. Cyberjaya has an internationalconnectivity advantage where it is located near to Kuala Lumpur international Airport and less than 30 minutes travelling time to Kuala Lumpur City Centre via Maju Expressway (MEX). Figure 1: Number and Value of Property Transactions in Selangor, 2006-2011 Transaction (Units)
Value (RM’b)
120
50
100
40
80
30
60 20 40 10
Legend:
2011
2010
2009
2008
2007
0
2006
20
0
Number of transactions (LHS) Value of transactions (RHS)
Source: NAPIC
Brunei
Johor Bahru Singapore
Kuching
Cyberjaya will become an ideal city to house 180,000 residents, 70,000 employees and institutional establishments providing for 30,000 students in the next 10 to 15 years With a total development area of 7,000 acres, the Cyberjaya flagship is zoned for residential areas (29.3%), low-density urban enterprise (11.6%), commercial zone (4.5%) and the remaining balance is reserved for mixed developments, institutional developments and green areas. This self-contained city is well-supported by world-class IT infrastructure as well as modern amenities and facilities. With the current population standing at 45,000, Cyberjaya will eventually grow to become an ideal city to house 180,000 residents, 70,000 employees and institutional establishments providing for 30,000 students in the next 10 to 15 years.
Kalimantan, Indonesia
institutional buildings. The IT office buildings nearby include those occupied by multinational companies such as Shell, Ericsson, BMW and DHL, Hong Kong & Shanghai Bank Corporation (HSBC), Hewlett-Packard (HP) and Dell. The institutional buildings include the Multimedia University (MMU) and Lim Kok Wing University. Up until recently, Cyberjaya has mainly been an IT and institutional area. On the property market front, the State of Selangor Darul Ehsan continued to reflect an active market. According to the National Property Information Centre (NAPIC), 8,000 new residential units in 2011 were built in Selangor with average house price of RM374,689 per unit. Strong demand has driven an average house price growth of 25.5% over the past five years with landed property segment appreciated the most between 15% to 46.5%. More than 35% of transacted units are situated in the Sepang district where Cyberjaya is located. Another improvement worthy of note is near doubling (94.5%) in condominium/ apartment segment in this district in 2011 from 2007. On the Sepang district’s 2-storey terrace segment, the average price shows an improvement of 77.6%.
In line with MSC Cybercity status, the surrounding development in Cyberjaya (continued next page) consists of IT office buildings and
COVER STORY
(from previous page) The Sepang district saw a rise in residential developments. Among the upcoming residential projects in Cyberjaya are those by major developers such as OSK and SP Setia. Some of the completed and upcoming residential projects include Serin Residency, Symphony Hills, Garden Residence and Perdana Lakeview. Demand for condominiums/ apartment is strong as seen in the sales performance of the new launches. For example, Shaftburry Square, a mixed development comprising an office tower, service suites and retail lots were sold out less than two months after it was launched. The retail lots were sold at prices ranging from RM900 to RM1,000 psf, whilst the serviced suites were sold starting at RM420psf.
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Here are excerpts from Ir. Hafidz’s interview:
Ir. Hafidz Hashim, Managing Director, Cyberview Sdn. Bhd
What are the primary factors that has drawn these foreign investors to Cyberjaya? Cyberview’s role is not limited to plan; they also oversee the whole city-wide maintenance and spearhead investor interface and communitycentric programmes in Cyberjaya
The implementation of real estate initiatives was privatized to Cyberview Sdn. Bhd as an entity to implement va r i o u s d e ve l o p m e n t f r o m t h e beginning. On the other side, Setia Haruman Sdn. Bhd.acted as the master developer of Cyberjaya. Cyberview’s role is not limited to plan; they also oversee the whole city-wide maintenance and spearhead investor interface and community-centric programmes in Cyberjaya. Cyberview Sdn. Bhd. managing director Ir. Hafidz Hashim emphasizes that Cyberjaya has own strenght as its unique selling proposition. In an interview with Property Quotient (PQ) recently, Ir. Hafidz said Cyberview will rollout initiatives to improve its connectivity as well as a plan to make Cyberjaya a new CBD precint.
(continued next page)
Cyberjaya is the strategic choice for international investment location, it has a conducive environment for business, living and study as well as attractive destination for various players. Potential-wise, Cyberjaya has a great world-class infrastructure that draws foreign investors here.
What is the unique selling proposition for Cyberjaya? Our location is just next to the Kuala Lumpur International Airport as an international gateway. But we are not always reliant on our location. The township development itself focuses on information technology (IT) and IT-enabler industries is the key point.
What are the plans and strategies that you have put in place to make sure Cyberjaya succeed as a CBD precint? The 141 acre Cyberjaya city centre that kick start by the end of this year will have enough content to serve investors as a real CBD precint. Right now, we are in midst of an evalution process of the master plan for this project.
What is your next plan to improve Cyberjaya’s connectivity? At a later stage, the real public transport with the full combination of LRT/ MRT and public buses will be expanded until a radius of 50km.
COVER STORY
4
(from previous page)
The availability of multinational companies, academic institutions and other upcoming projects coupled with initiatives by InvestKL and Talent Corporation will drive a steady stream of population to the locality
As a conclusion, in the immediate term, the number of condominiums/ apartments available by 2013/2014 is approximately 4,916 units. At present, there is no SOHO/ SOVO/ SOFO development in Cyberjaya. Based on the selected developments survey conducted within a radius of 10km, most of the developments in Cyberjaya are condominiums/ serviced apartments. The existing supplies of condominiums/ serviced apartment are shown in the Figure 2.
base for Multimedia Super Corridor (MSC) companies into an attractive residential enclave. Lastly, the current population in Cyberjaya is comparatively low in comparison to its neighbouring areas such Puchong and Sepang town. This may hamper the sales growth. However, this factor is mitigated by the availability of multi-national companies, academic institutions and other upcoming projects coupled with initiatives by InvestKL and Talent Corporation which provide a steady stream of population to the locality and ensure Cyberjaya flourishes into a vibrant township.
Any risk of economic crisis recurring is mitigated by the present robust local The notable projects expected to change the scenario of the Cyberjaya’s property property market. market is redevelopment of Smart City The premium residential properties such involving GDV of RM10 billion. as Symphony Hills, Garden Residence, Perdana Lakeview series and the commercial developments such as the For more information about Cyberjaya Neocyber, Shaftsbury Square and the and Cyberview, visit phase of CBD Perdana will transform http://www.cyberjaya-msc.com.my; http://www.cyberview.com.my Cyberjaya from being just primarily a
Figure 2: Notable Projects With Foreign Involvement in Infrastructure Hospitality, Commercial and Industrial Development in Malaysia Project
Type
Launched in
Expected completion
Built-up area (sq.ft)
Selling price rate per sq.ft (RM)
Sales performance (as of July ‘11)
Total Units
Serin Residency
Condominium
2011
2014
965 - 3,527
280
75%
600
The Arc
Condominium
2011
2013
913 - 1,915
394
60%
1,000
The Place@ Cyberjaya
Serviced Apartment
2010
2014
549 - 750
450
Sold out
190
Garden Plaza
Serviced Apartment
2010
2014
450 - 1,000
571
Sold out
980
Emkay Laketown
Domain@ Cyberjaya
Serviced Apartment
2010
2013
550 - 750
255
90%
242
Shaftsbury Capital
Shaftsbury Square
Serviced Apartment
2010
2013
463 - 906
423
Sold out (Block A)
366
D Pulze
Serviced Apartment
2010
2013
453 - 676
520
No data
482
Cyberia Crescent 3
Condominium
2005
2007
1,246
228
Sold out
186
Cyberia Crescent
Condominium
2004
2007
1,050 1,890
286
Sold out
102
Cyberia Smarthomes
Condominium
2000
2002
915 - 1,150
180
Sold out
348
Cyberia Condominium
Condominium
2000
2002
900 - 1,050
168
Sold out
420
Developer Villamas Maju Puncakbumi S/B MCT Homes MyVilla Department
D Pulze Venture Paramoden (subsidiary of MKLand)
Source: MPI Research
SPOTLIGHT
KUALA LUMPUR,
A REGIONAL BUSINESS
HUB OF CHOICE Zainal Amanshah shares his views on Malaysian commercial real estate and outlook for headquarters relocation and business expansion for 2012
by Hazrul Izwan Zainal Amanshah is currently the Chief Executive Officer of InvestKL, an investment promotion agency (IPA) under purview of the Ministry of International Trade and Industry (MITI) and Ministry of Federal Territories and Urban Wellbeing. InvestKL’s key role is to attract 100 of the world’s largest multinationals to invest in the Greater Kuala Lumpur (GKL) area by 2020. Prior to this position, Zainal has 22 years of experience in the private sector as the Group CEO and co-founder of REDtone, a Malaysian public-listed telecommunications provider. In the course of his career, Zainal is also well versed with the public sector especially in foreign investment.
Property Quotient (PQ) interviewed him recently to gain insight into Invest KL’s initiatives and how multinational companies (MNCs) will influence the commercial property market in Kuala Lumpur. PQ: Invest KL’s mandate focus on attracting large global multinationals to set up their business in Greater Kuala Lumpur/ Klang Valley. What is the rationale behind this? Zainal: With total population of 6 million and a GNI contribution of 30%, Kuala Lumpur needs to be recognised as a vibrant place in terms of doing business and liveability in order to attract more foreign direct investment (FDI), create jobs etc. So to that extent, our government has set this vision under Greater Kuala Lumpur (GKL) plan for KL
5
to be top 20 in terms of economic activities and top 20 in terms of deliverability by the year 2020. Invest KL is the dedicated entity that will bring this to fruition. This is how we are complementing Malaysian Industrial Development Authority’s (MIDA’s) role as the lead investment agency in the country, but we are more specialised when it comes to KL. PQ: “Moderation of growth in the economy could cause a slowdown investment, while companies wait for conditions to improve at a better rate”. How will Invest KL react to drive a positive sentiment back on track this year? Zainal: I think in any crisis there are also opportunities and we see that there are opportunities in this scenario. One can learn from Warren Buffet’s famous quote. “Be fearful when others are greedy and be greedy when others are fearful”. While Japan is facing a natural disaster crisis, the European economies and the US are in bad shape as unemployment remains at an all time high, there are opportunities for Kuala Lumpur and Malaysia. A lot of economic activities is here and the outlook is good. Politically we are still stable even though election is round the corner and if you talk about liveability and the cost of doing business, we are extremely cost competitive.
Zainal Amanshah, Chief Executive Officer, InvestKL
buildings in order to boost the demand? Zainal: Property developments are very encouraging. A lot of the new hubs coming in are what I call selfsufficient and self-contained. My advice to the developers would be that these developments should have features like green, MSC status, good high-speed broadband and if they don’t have that, then they need to upgrade. It’s not so much on promoting real estate but we are encouraging them (developers) to create an identity. If KLCC decided to be the oil & gas hub, Petronas should have enough base in order to accommodate the surrounding ecosystem. Same goes to KL Metropolis, you have the office, you must have the connectivity to it and the rest will follow. On the softer side, the walkway and the connectivity is PQ: Malaysia has shown tremendous important as LRT/MRT are now become improvement in ranking in terms of doing extremely necessary to compliment business, global competitiveness as well those buildings. as foreign direct investment confidence index in 2012. Can you comment on the PQ: As a closing statement, what is the improvement in ranking? outlook for headquarters relocation and Zainal: The improvement in the ranking businesses expansion throughout Asia actually needs effort; you need to show in 2012? results before you can really move up the Zainal: I think 2012 and beyond until ranking. It doesn’t happen just purely by 2020 does look positive due to the chance and shows that the government’s growth of Asia. Many companies now Economic Transformation Programme are really expanding; they are looking (ETP) is working. We are moving at the potential sectors of growth and deliberately towards the right direction scaling up their operations accordingly. and it will further emphasise the point Some of the ETP announcement does that Malaysia is a hidden jewel. As Datuk involve regional headquarters activities Seri Idris Jala said,” this is not a sprint, or even regional centres of excellence it’s a marathon”. There appears to be a So this is a very encouraging trend. Of structural change in perception as we course the competition is very stiff but can clearly see that the FDI confidence I think the fundamentals are all there ranking moved up from 31 st to 10 th for KL. When you look at headquarter position in 2012. All these rankings hub of opportunities, companies would prove that we are getting better and are naturally look to the city because of the able to answer many of investor’s liberality, connectivity and lifestyle they want. PQ: On the real estate front, a large proportion of Kuala Lumpur’s office space is vacant in recent years. What sort For more information about InvestKL, of quality should we have in commercial visit http://www.investkl.gov.my
IN A NUTSHELL
6
SHIFTING
Figure 3: An overview and outlook by the Economist Corporate Network (ECN)
TRENDS WITHIN
ASIA
Back in 2000, China’s economy was just 12% the size of America. By 2018, the ECN forecast China will overtake the USA and 54% of respondents expect their sales in China to grow by 10% or more this year.
AS AN ATTRACTIVE CBD Survey shows China and India remain dominant but the tide is turnings towards Indonesia, Vietnam and Malaysia according to Asia Business Outlook 2012
Japan is the one part of Asia where expectations for sales growth in 2012 are moderately higher than in 2011. More than half of respondents expect sales in 2012 to be flat or to decline (57%).
by Faza Sakinah & Hazrul Izwan Mr. Justin Wood, Director of Southeast Asia, The Economist Corporate Network (ECN) emphasised that businesses expect their sales growth in Asia to moderate at the “Asia Business Outlook 2012” forum on 18th January 2012. “Based on the survey carried out in December 2011, 64% of respondents recorded sales growth of 10% or more in China and 48% of respondents reported the same sales growth in India”, he added. China and India had been ranked the most attractive countries in Asia in terms of growing sales in production in the manufacturing sector over the past 5 years. In 2012 that trend has shifted towards Indonesia as the being the most attractive followed by China and India. Malaysia is ranked sixth in place for the attractiveness of sales growth with 31%
In 2011, 48% of respondents saw sales grow by 10% and 46% of respondents expect sales to grow by 10% or more in 2012.
The economies of South-east Asia are more exposed to the vagaries of the global economy than China and India, the one exception is Indonesia, where sales growth is expected to remain strong and consistent this year.
of respondents stating it. This change is due to the progress that Indonesia has made over the years such in public debts reduction, a clearer banking sector has cleaned up and a political shift to world democracy.
Figure 4: Are the following countries becoming more or less attractive for revenue growth and manufacturing & production? China Hong Kong India Indonesia Japan Malaysia Pakistan Philippines Singapore S Korea Legend:
Taiwan
Revenue growth
Thailand
90
80
60
50
40
30
20
10
0
-10
-20
-30
-40
-50
Less attractive More attractive Source: Economist Corporate Network
70
Manufacturing & production
Vietnam
Due to the rising cost in China, Indonesia has overtaken China in the attractiveness for revenue growth. As for the attractiveness for manufacturing and production, Indonesia is ranked first place followed by Vietnam, India, Malaysia, while China takes fifth place. 28% of respondents stated that Malaysia is more attractive than other countries. In the past 10 years, Malaysia has lost out to China due to the rise of China but now with the rising cost of China, the tide has turned back to South-east Asia, particularly Malaysia. However Singapore, Pakistan, Hong Kong and Japan fall under the less attractive category for manufacturing and production. Lastly, even though Asia is forecasted to be the world’s central business district this year, experts advice global businessman employ the following measures to tide over slowdown. To manage cost; reduce business class travel, encourage videoconferencing as an option for overseas face-to-face meetings and reduce research and development spending (R&D).
NEWSFLASH
MALAYSIA ATTAINS
HIGHEST RANKING IN GLOBAL
PEACE
INDEX WITHIN SOUTHEAST ASIA
7
all crime index had decreased by 11 per Figure 6: Selected Asia Pacific cent which had exceeded the current Countries in GPI Ranking 2011 government targeted reduction rate of five per cent. Reducing crime Country/ Territory Overall Regional Rank Rank rate is a priority for the present Government under the Government New Zealand 2 1 Transformation Programme. The Japan 3 2 Government’s confidence is reflected in the introduction of a new Bill which Australia 18 3 cuts drastically the detention period Malaysia 19 4 before a suspect is freed or brought to trial under the Internal Security Act on Singapore 24 5 10 April 2012.
GPI which is published by the Institute for Economics & Peace, is a bold attempt to measure the peacefulness of a country based on 23 indicators, ranging from a nation’s level of military expenditure to its relations with neighbouring by Afiq Syarifuddin countries and the level of respect for Malaysia experienced a stellar human rights. improvement in its Global Peace Index (GPI) score for the fifth successive year and it rose by three places to number 19 th supplanting Singapore as the Malaysia experienced highest ranked South-East Asian nation a stellar improvement that is safe and peaceful in 2011. The in its GPI score for the GPI is a measurement of peace as the fifth successive year “absence of violence” that seeks to determine what cultural attributes and and it rose by three institutions are associated with states places to number 19th of peace. This can be attributed to growing peacefulness reflected by a rise in political stability, and improving relations with neighbouring countries i.e. Singapore and China. Malaysia’s over-
supplanting Singapore as the highest ranked SEA nation in 2010 GPI
Figure 5: Functioning of Government against Overall GPI Score
Taiwan
27
6
Vietnam
30
7
Laos
32
8
South Korea
50
10
Indonesia
68
12
Average
77
China
80
13
Bangladesh
83
14
Thailand
107
17
Myanmar
133
20
India
135
21
Philippines
136
22
Pakistan
146
23
North Korea
149
24
Source: GPI
The Asia Pacific (APAC) region is, on average, the fourth most peaceful region. APAC countries, however, exhibit wide variation in the GPI where the OECD nations rank highly, with New Zealand coming second overall and Japan third, a two-pronged impact of very strong scores for overall domestic peace and low levels of militarisation. 2011 GPI continues to be strongly determined by the internal measure of peace than the external measure of peace. Deputy Prime Minister Tan Sri Muhyiddin Yassin was quoted saying that the increase in security and peace has benefited the country, leading to a higher confidence level among foreign investors. Foreign investments increased by RM33 billion last year, exceeding the RM29 billion achieved before the world economic crunch in 2007. These are significantly displayed with the rise of Johor foreign property transaction value which has appreciated by 7.15% since 1H2011.
Source: GPI 2011
POLICY
8
AN OVERVIEW
OF MULTIMEDIA SUPER
CORRIDOR (MSC) MALAYSIA
Introducing MSC Malaysia Cybercentre roles and criteria to drive the uptake of Information and Communication Technology (ICT) sector
Figure 8: List of Cybercentres in Greater Kuala Lumpur, 2011 Building Name
Location
KL Sentral
KL Sentral, Kuala Lumpur
Menara TM
Pantai Baru, Kuala Lumpur
Mid Valley City
Seputeh, Kuala Lumpur
Bangsar South City
Kerinchi, Kuala Lumpur
G-Tower
Jalan Tun Razak, Kuala Lumpur
The Intermark
Jalan Tun Razak, Kuala Lumpur
Wisma Hamzah Kwong Hing
Lebuh Ampang, Kuala Lumpur
Bandar Utama
Bandar Utama, Petaling Jaya
Symphony House
Ara Damansara, Petaling Jaya
Quill 9
Section 14, Petaling jaya
i-City
Section 7, Shah Alam
UPM-MTDC
Serdang
Source: MSC Malaysia
by Sharun Nidzam MSC Malaysia is the gateway to growing profits in Asia’s booming ICT markets. Modeled to be a world-class hub for development and nurturing of the nation’s ICT industry, it gives you the best of first-world knowledge and infrastructure, at developing-nation costs. Since its inception in 1996, the MSC Malaysia initiative has shown results that have exceeded expectations. In the Phase 2 rolled out between 2004 to 2010, MSC Malaysia contributed RM34.57 billion to the nation’s GDP, the figure is generated by good initiation Figure 7: Qualifiying Criteria For MSC Malaysia Cybercity/ Cybercentre 1
Driven by State Government and Cybercity/ Cybercentre stakeholder
2
Broadband and infrastructure readiness
3
Customer focused management with Key Performance Indexes (KPIs)
4
Competitive environment to attract investment, nurture start-ups / SMEs and house knowledge workers
5
Talent pool availability
6
Proximity and linkages to universities and research centres
7
Use relevant Flagship Applications to enhance services delivery
8
State ICT Blueprint providing value propositions for local economy
Source: MSC Malaysia
MSC Malaysia Cybercentres, serve as the physical location and environment to catalyse and support the growth of ICT and ICT-enabled industries
stage emphasising on visioning and physical infrastructure in Phase 1. Now, the Phase 3 scheduled until 2020 run in tandem with 10th Malaysian Plan is built on the foundation and successes achieved under Phase 1 and 2. MSC Malaysia Cybercentres, serve as the physical location and environment to catalyse and support the growth of ICT and ICT-enabled industries. This helps the government’s ETP in the creation of knowledge-based jobs.The recent statistics shows that MSC Malaysia created 111,367 high-value jobs with average net salary of RM4,385 per month, 137% higher than the global pay scale. Focused, reliable and trusted onestop centre is readily available to attend to enquires, complaints, suggestions and feedbacks. All these make it an ideal location for investments and business activities.
panies to become global players. On the Shared Services Outsourcing (SSO) side, MSC Malaysia’s SSO sub-sector contributed 220 companies as of 2011. The Cybercentre also acts as a delivery partner of Multimedia Development Corporation (MDeC) and the Government of Malaysia on the delivery of MSC Malaysia Bills of Guarantees (BoG) to MSC Malaysia Status companies. To date, there are 12 MSC Cybercentres in scattered locations within Klang Valley. Each building offers its own unique value proposition that feature different strength and niche area in ICT. These features will be the main focus for the Incubation Centre for MSC Malaysia companies and usually also represents their anchor tenant. Some buildings are existing buildings that have been upgraded and refurbished while the others are new buildings constructed specifically according to the criteria and specification that meets the eligibility requirements. Those buildings also needed to comply with the Performance Standard set by MDeC to ensure the Performance Guarantees towards providing high level of service delivery to its tenant. As a conclusion, MPI sees MSC Malaysia as a value-added that will drive Malaysian commercial property market especially in Kuala Lumpur against negative perception due to a temporary oversupply and rental rate compression.
MSC Cybercentre’s major role is to provide a conducive environment and ecosystem that can attract and house Part 2: How MPI can facilitate foreign major ICT players, house and nurture companies to obtain a MSC Cybercentre local ICT and MSC Malaysia Status com- status?
GRAPHICALLY SPEAKING
9
PERCENTAGE
INDUSTRIAL
SHARE OF NUMBER OF
PROPERTY
62.3%
TRANSACTION BY SUB-SECTOR AND PRICE RANGE, 2011
10,479 units 37.7%
RESIDENTIAL
91.9%
DEVELOPMENT LAND
269,789 units 8.1% 78.3%
21,713 units
COMMERCIAL
21.7%
70.9%
43,674 units
Legend:
29.1%
Less than RM500,000
RM500,001 and above
Value of Property Transactions by Sub-sector and Price Range (RM’m) in 2011 Less than RM500,000
Average RM500,001 price / unit and above
Average price / unit
Residential
38,016.35
0.15
23,815.21
1.09
Commercial
7,230.06
0.23
20,406.16
1.61
Industrial
1,464.57
0.22
10,077.66
2.55
Development Land
2,133.76
0.13
15,844.29
3.36
Total Source: NAPIC
55,717.07
82,110.97
CROSS-BORDER QUERIES
10
LOOKING FOR
INVESTMENT
Malaysia Property Incorporated (MPI) receives foreign investor queries on an ongoing basis. For any parties interested to pursue these investment requirements, please contact the MPI team at info@malaysiapropertyinc.com Request
Client
Requirement
Location
Landbank
Guangzhou, China
10 - 20 acres of land for furniture mall
Greater KL
Landbank, Development rights
Dhaka, Bangladesh
5 - 7 acres of land for development
Greater KL (Southern part)
Dubai, UAE
10,000 square feet area
Klang Valley
Landbank, Development rights
Singapore
10 acres and above of freehold land to built a logistic park
Klang Valley (Shah Alam, Bukit Raja)
Landbank, Development JV
Singapore
Mixed development with medical component, medical resort e.g medical themed service apartments, retirement village
Klang Valley, Johor, Penang
Landbank, Development rights
Seoul, Korea
20 acres, mixed development
KL City Centre
Asset acquisition
Shenzen, China
Golf course with land for residential development
Greater KL vicinity
Landbank, Development rights
Singapore
Industrial park development (size TBA)
Greater KL vicinity, Iskandar region
Landbank, Development JV
Jakarta, Indonesia
High-end residential development (size TBA)
Greater KL vicinity, Iskandar region
Asset acquisition, Development JV
Kuala Lumpur, Malaysia
Commercial development opportunities, Grade A office en-bloc
Greater KL vicinity
Landbank, Development rights, Development JV
Shaanxi, China
Mixed development land or construction
Kuala Lumpur or Johor Bahru
Landbank, Development JV
Bangalore, India
12 - 15 acres of land in KL for JV to build school & boarding facilities
Greater KL vicinity
Seoul, Korea
Infrastructure projects with Minimum Return Guarantee
Nationwide
1Q 2012
4Q 2011 Factory cum distributor office
3Q 2011
2Q 2011
1Q 2011 Construction JV
ABOUT US Malaysia Property Incorporated is a Government initiative set up under the Economic Planning Unit to drive investments in real estate into Malaysia. As the first port-of-call for real estate investment queries, Malaysia Property Inc. connects interested parties through an extensive network of government agencies, private sector companies, real estate firms, business councils and real estaterelated associations. MPI has two core objectives; to create international awareness and to establish connections between foreign interests and Malaysian real estate industry players, ultimately contributing to real estate investments into the country.
For further information and up-to-date tracking of Malaysian real estate data, visit: www.malaysiapropertyinc.com For further enquiry, write to: info@malaysiapropertyinc.com
Disclamer: This report contains information that is publicly-available and has been relied on by Malaysia Property Incorporated on the basis that it is accurate and complete. MPI is not liable if the case proves to be otherwise. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed.