theSun Property June 2017

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>Overviewand statistics on the local scene
Sub-sale propertymarket
FAVOURITEAGENTS... It is that time of the year again
when consumers and property purchasers get to vote for their
preferred housing real estate agents – those who have displayed
high levels of excellence in helping you with your housing inquiries
and needs. “Consumers are also able to vote for agencies or
individuals in a number of categories. We want to provide
people with the opportunity to recognise agencies or individual
professionals for their role in helping them in their property
journey,” said iProperty.comMalaysia & Singapore CEO Haresh
Khoobchandani. Visit
to see the categories and awards. Here’s your chance to recognise
the agent and negotiator who has provided you with the best
customer service, and the real estate agency that helped you find
your dream home. Voting is open until June 30, 2017 at
BUILDING TYPE MARKET SHARE INMALAYSIA
Transactions
60%
50%
40%
30%
20%
10%
0%
52%
11% 10% 9% 9%
TERRACED
HOUSE
FLAT APARTMENT SEMI-D CONDOMINIUM BUNGALOW SERVICE
RESIDENCE
TOWN
HOUSE
CLUSTER
HOUSE
10.7% 10.4% 9% 8.8%
4.9% 2.5% 0.8% 0.2%
IN viewof the current lacklustre
real estatemarket and
challenging economic times, it
makes sense for housebuyers to
consider the secondarymarket
when purchasing property. Also
known as sub-sale property, there is
huge advantage in buying a piece of
real estate from this market
segment, especially nowwhen the
market is slow. The biggest benefit –
handsome discounts, better still if
one is skilful in negotiating.
Besides the good deal where
price is concerned, which at times
can hold below themarket value,
don’t forget that secondarymarket
real estate provides an
accommodation you, inmost cases,
can readilymove into.
Another positive point to take
note of is that most secondary
market properties are situated in
matured townships. These thrive
with amenities and facilities,
altogether breeding demand in the
sub-sale/secondarymarket.
Moreover, what you see is what you
get. Investors buying sub-sale
property to rent can also collect
rental almost immediately.
THE LOCAL SCENE
For a start, let’s define the
understanding of sub-sale or
MARKET SHARE OF TRANSACTIONS INMALAYSIA
30%
Transaction
Volume
86.8K
Transactions
40%
30%
20%
10%
0%
31.9%
13.9%
8.8% 8.1% 8.1%
6.3% 5.3% 4.2% 3.5%
2.6%
SELANGOR JOHOR
KUALA LUMPUR
PENANG PERAK KEDAH
NEGRI SEMBILAN
SARAWAKPAHANG MALACCA
TERENGGANU
SABAHKELANTAN PERLIS LABUANPUTRAJAYA
Transaction volume decreased by 23%.
Themedian price per sf rose by 8%.
States that received the bulk of themarket share
– Selangor, Johor, Kuala Lumpur and Penang.
Top 10 residential transacted towns inMalaysia
– Klang, Ipoh, Shah Alam, Puchong, Sungai
Petani, Kuching, Johor Baru, Seri Kembangan,
Ampang and Skudai
Top areas for purchases within Kuala Lumpur –
Cheras, KL City Centre, Old Klang Road,
Setapak, Mont’Kiara, Bukit Jalil, Kepong.
Most favoured residential building type on the
whole – terrace houses (52%).
Building typemarket share – flats (11%),
apartments (10%), semi-d (9%), condominiums
(9%), bungalows (4.9%), serviced residences
X
X
X
X
X
X
X
(2.5%), town houses (0.8%), cluster houses
(0.8%).
Preferred building type in top states – KL 40%
for condos; Selangor 50% for terraced houses;
Johor 70% for terraced houses; Penang 30% for
terraced houses.
What most buyers paid for residential property
inMalaysia – 80%bought property below
RM500k (48%belowRM250; 34%between
RM250k and RM500k; 11%between RM500k and
RM850k; 7% above RM850k).
BelowRM500kmarket share in top states – KL
50%, Selangor 80%, Johor 80%, Penang 80%.
Size wise – 50%bought property below 1,000sf.
Size wise below 1,000sf in top states – KL 40%,
Selangor 50%, Johor 50%, Penang 50%.
X
X
X
X
X
TOPRESIDENTIALTRANSACTED
TOWNS INMALAYSIA
(ABOVE1,000TRANSACTIONS)
RANK STATE TOWN QTY
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Selangor
Perak
Selangor
Selangor
Kedah
Sarawak
Johor
Selangor
Selangor
Johor
Pahang
Selangor
Selangor
Selangor
Selangor
Selangor
Klang
Ipoh
ShahAlam
Puchong
SungaiPetani
Kuching
JohorBaru
SeriKembangan
Ampang
Skudai
Kuantan
Cheras
Kajang
PetalingJaya
Subang Jaya
Kapar
2583
2256
2155
1767
1681
1514
1485
1313
1310
1294
1253
1215
1201
1145
1094
1074
SUMMARY OF FINDINGS
(Y-O-Y CHANGE FOR THE LAST 12 MONTHS AS AT SEPTEMBER 2016)
secondary property. InMalaysia,
these refer to “completed”
residential property one buys from
a previous owner. In certain
countries, properties nearing
completion come under the
sub-sale/secondary property
market as well.
As explained by a real estate
professional on sub-sale – the sale of
a unit by one who has signed an
SIZEMARKETSHARE
24%
28%
14%
10%
13% 11%
Above2,000 1,501-2,000 1,250-1,500 1,001-1,250 751-1,000 501-750
agreement to purchase a piece of
real estate froma developer or a
subsequent purchaser before the
issuance of the Certificate of
Statutory Completion and the
Subsidiary Strata Certificates of
Title or the Certificates of Title
for all the units in the
development.
Followour column next week
on tips and advice on purchasing
sub-sale residential
property inMalaysia.
[Graphs/stats/data in this
article are extracted from
iPropertyiQ.com, which
provides interesting
insights on the saidmarket.]
30% 30%
3.5% 2.2% 1.1% 0.2% 0.2% 0.1%
28 %
of total
residential
transactions
inMalaysia
60 %
Bought in:
1. Selangor
2. Johor
3. KL
4. Penang
20
theSun ON FRIDAY | MARCH 11, 2016 22 theSun ON FRIDAY | JUNE 16, 2017