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Residential sub-sale market report
A
month prior, we ran a two-
part article focusing on the
general outlook of the sub-
sale market – some refer to
as secondary or pre-owned
property market – inMalaysia.
According to iProperty Group data
services general manager
Premendran Pathmanathan, there
is a demand for property in East
Malaysia that is progressively
growing. The burgeoning market in
both Sabah and Sarawak is partly
caused by the rapid economic
development, which has been
robust, in line with the country’s
Economic Transformation
Programme.
Moreover, the Valuation and
Property Services Department
(JPPH), through property
transactions recorded from
stamp duty paid for Sales and
Purchase agreements, reports
>Graphs, charts and information on the outlook in Sabah
Amarket to consider
that property values over in East
Malaysia have been appreciating
across all market segments, by
some 10% to 20%.
In addition, an overview of the
East Malaysian residential market
by CBRE/WTWreported that
landed residential units are in
demand in Sabah, especially
medium-cost houses priced
belowRM400,000.
With the positive development
growth and residential market
demand, those who have yet to
consider buying “secondhand”
real estate in Sabah, perhaps
should. With the “overall
lacklustre” market sentiment the
industry is currently facing, you
could land yourself a good deal.
SUB-SALE TO THE FORE
For a start, we re-cap some
benefits in buying sub-sale:
dotted line.
With the nitty-gritty details
“spelled out”,
theSun
shares
pictorial reports on the
residential sub-sale markets in
various states across Malaysia.
Keep your eyes peeled as we
bring you data studied between
end 2015 and November 2016, as
Most Transacted vs Searched Areas
Source: JPPH and iProperty.com
27
%
67
%
22
%
10
%
20
%
6
%
12
%
5
%
Kota Kinabalu
Penampang
Sandakan
Tawau
80%Market Share
Sold (2.1k)
Search Interest in iProperty.com (43k searches)
Market Share by Building Type
50
%
40
%
30
%
20
%
10
%
0
%
46.3
%
964 sold
24
%
11
%
6.7
%
6
%
4.5
%
1
%
0.5
%
Transactions
TERRACE
HOUSE
APARTMENT SEMI-D CONDOMINIUM FLAT BUNGALOW CLUSTER
HOUSE
TOWN
HOUSE
Top Residential Areas in Sabah
Source: JPPH
Transaction
Volume
RM2.1K
(-23% y-o-y)
80
%
Bought in:
1. Kota Kinabalu
2. Penampang
3. Sandakan
4. Tawau
Most Popular Residential Property Specifications
(Interest in property)
11%
9%
7% 7% 7% 6%
Condo
750-1,000sf
Terrace
1,500-2,000sf
Condo
1,250-1,500sf
Apartment
750-1,000sf
Apartment
500-750sf
Condo
1,000-1,250sf
lower price tag (if cleverly
negotiated, can be belowmarket
value),
immediate/almost immediate
accommodation;
located in matured townships
with facilities and amenities for
convenience;
no development risk;
could come furnished/semi-
furnished, thus cost-saving
(conditional); etc.
While most residential
purchasers would prefer paying
for a brand new piece of real
estate, it is hard to discount the
benefits mentioned above.
Furthermore, if cleverly
negotiated, a re-sale at the
right price could bring in
handsome profits.
Apart from benefits and
profits, our second article on sub-
sale touched on
tips and advice
before
purchase. It
also included a
checklist,
documents and
fees involved,
along with
points to
consider before
signing the
X
X
X
X
X
MOST POPULAR PRICE RANGE SOLD
Source: JPPH
40
%
30
%
20
%
Below RM250k RM250k-300k RM500
K
-850
K
reported by iPropertyiq.com in
collaboration with JPPH. See our
series of pictorial reports,
beginning with Sabah this week.
Kudat
Pitas
Kota
Marudu
Kota
Belud
Tuaran
Kota Kinabalu
Ranau Beluran
Sandakan
Kinabatangan
Lahad Datu
Semporna
Kunak
Tawau
Tongod
Nabawan
Tenom
Sipitang
Beaufort
Keningau
Tambunan
Penampang
Papar
Kudat Division
Sandakan Division
Tawau Division
Interior Division
West Coast Division
20
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|
MARCH11,2016
22
theSun ON FRIDAY
|
JULY14,2017