TWINS ASSETS SDN. BHD. (574212-M)

Transcription

This is not a publication and is intended for internal circulation only
TWINS ASSETS SDN. BHD.
(574212-M)
No. 01-02-17, Jalan 1/50, Diamond Square, off Jalan Gombak, 53000 Kuala Lumpur
All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, without permission from Twins Assets Sdn. Bhd.
This is not a publication and is intended for internal circulation only
CONTENTS
IN THIS ISSUE ....................................................................................................................................................................................................................................... 1
1.0 PROPERTY MARKET SCENE .................................................................... 18
PROPERTY FACES A BULLISH BUT CAUTIOUS OUTLOOK .............................................................................................................................................................................. 18
MK LAND TO LAUNCH RM7BIL WORTH OF PROPERTY PROJECTS ............................................................................................................................................................... 18
LBS BINA GROUP LAUNCHED EMERALD GARDEN IN BATU PAHAT, JOHOR. ................................................................................................................................................ 19
RPGT HIKE COULD AFFECT PROPERTY STOCKS ......................................................................................................................................................................................... 19
KL A PRIME NEW-BUILD MARKET FOR CHINA INVESTORS .......................................................................................................................................................................... 19
PR1MA GIVES GREEN LIGHT FOR 15 HOUSING PROJECTS ......................................................................................................................................................................... 20
NO ASSET BUBBLE IN MALAYSIA: TAN SRI DR ZETI AKHTAR AZIZ............................................................................................................................................................... 20
BUDGET FOR PROPERTY SECTOR WELL RECEIVED...................................................................................................................................................................................... 21
I-BHD TO LAUNCH FIRST THREE-STAR HOTEL IN 2014............................................................................................................................................................................... 22
COUNTRY GARDEN UNVEILS UNIQUE VILLA CITY IN KAJANG ...................................................................................................................................................................... 22
BUDGET 2014 TO REDUCE FISCAL DEFICIT, SAYS NAJIB ............................................................................................................................................................................. 22
BUDGET2014HIGHLIGHTS......................................................................................................................................................................................................................... 23
TWINS MONTLY EVENTS ........................................................................... 24
2.0 PROPERTY BUYING GUIDES.................................................................... 26
MY FIRST HOME BUYER SCHEME.......................................................................................................................................................................................................... 26
TIPS FOR NEW BUYERS ........................................................................................................................................................................................................................ 26
FEES AND CHARGES ............................................................................................................................................................................................................................ 28
All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, without permission from Twins Assets Sdn. Bhd.
INTRODUCTION
In This Issue
This Property Market Updates is compiled by Twins R&D Department.
The related information, data, pictures, photos and graphs in the
Update are sourced from multiple areas as follows:
• Photography by Twins Assets Sdn. Bhd.
• JPPH latest updates
• Latest property news from mass media
• Latest property information from websites, blogs and social media
• Actual survey conducted by Twins Assets Sdn. Bhd.
• Twins Assets own database and graphics
• Various sources from internet
• Various sources from daily, newspapers and property magazines
• Information from various product brochures, flyers, adverts, display
materials and etc.
For the month of October 2013, everyone of us are
waiting for the Budget 2014. How does the Budget 2014
affect the property market???
The main topic on Budget 2014 towards property
market is mainly on the RPGT, RM 1 million properties
for foreigners as well as more affordable homes being
built by government.
Let’s find out more on what professional analysts
feedback on the Budget 2014 ☺
Disclaimer
The Update is aimed to help the reader by providing services to gather, compiled and filtered
information from other sources which may be subjected to their own copyright. Therefore, the
information contained is for general information purposes and for reference only.
From the Twins R&D
The information is collected by Twins Assets Sdn. Bhd. via various external sources and while we
endeavour to keep the information up to date and correct, we make no representations or
warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability
or availability with respect to Twins Assets Sdn. Bhd. or the information, products, services, or
related graphics contained for any purpose. Any reliance you place on such information is
therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or
consequential loss or damage, or any loss or damage whatsoever arising from loss of data or
profits arising out of, or in connection with, the use of the material contained.
Copyright of Twins Assets Sdn. Bhd.
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TWINS LATEST PROPERTIES
TRIPLE WIN MARKETER
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1.0 PROPERTY MARKET SCENE
Property faces a bullish but cautious
outlook
Malaysian Institute of Economic Research’s (MIER) Q3
residential property survey revealed residential property
index plunged to its lower level in four quarters in Q3
2013/
The sales remained firm during the quarter, with 41%
(Satisfactory), 38% (Good) and 21% (Negative). Demand
for landed properties remained robust, while that for
bungalows moderated. Best-selling types of properties
52% (double-storey terrace), 37% (single storey house),
7%(condominiums). About 31% respondents built more
homes in Q3, the highest proportion tabulated in nine
quarters. Property prices remained high in Q3, even as
only 56% increased their prices in Q3, down from 57% in
Q2 or 63% in Q3 2012.
MK Land to launch RM7bil worth of
property projects
MK plan to launch RM7billion worth of property projects
in the next five years, with high-end housing-themed
development, The Rafflesia, in Damansara Perdana as its
flagship project.
Most of the projects can be found in Meru Perdana in
Ipoh as well as Damansara Perdana and Damansara
Damai in Selangor.
With RM1.4 billion price tag, The Rafflesia comprises
Rafflesia@Park, Rafflesia@Peak and Rafflessia@Hill and
is Damansara Perdana first gated and guarded
residential development. Rafflesia@Hill will be launched
in stages this month, while Rafflesia@Peak will start
sales in 2014.
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LBS Bina Group launched Emerald Garden
in Batu Pahat, Johor.
This development is in line with LBS’s target to provide
2,300 units of affordable homes in 2013. A total of 166
units single storey terrace located in Bandar Putera
Indah with gross built-up of 1,519 sf. Priced from
RM216,750 with 4-bedroom and 2-bathroom is a valuefor-money option for first-time homebuyers and young
families.
RPGT hike could affect property stocks
Increase in the real property gains tax (RPGT) will only
affect non-genuine buyers and speculators, but neutral
to property developers. It would not be a deterrent to
owner-occupiers and long term investors. The RPGT hike
might help curb excessive speculation in the longer term.
Another analyst remains bullish on the property sector
in light of the potential increase of the RPGT. However,
his view will take a negative stance if government
releases more tightening lending guidelines.
Notably, the government in June imposed a maximum
of 10 years personal loans repayment, maximum tenure
of 35 years for property loans, down from 45 years
previously.
KL a prime new-build market for China
investors
According to the report compiled by Knight Frank, KL
has been listed as one of the favorite prime new-build
markets for property and real-estate investors from
China. Chinese are the most influential buyers in the
world’s prime new-build sector.
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PR1MA gives green light for 15 housing
projects
No asset bubble in Malaysia: Tan Sri Dr
Zeti Akhtar Aziz
PR1MA has approved 15 affordable housing projects,
which could yield another 18,270 homes in Johor,
Selangor, Perak, Sabah and Pahang. Some of the
projects are located in integrated developments which
incorporate retail space and public transport facilities. 6
of the 15 projects in Jelatek, Putra Heights, Pandan
Indah, Cempaka, Pandan Jaya and Glenmarie will
developed with Syarikat Prsarana Negara Berhad
(Prasarana). 15 projects unveiled by PR1MA under
Phase 1 in August. The number of affordable homes to
be developed by PR1MA will stands at 38,757 to date
with the Phase 2 projects.
Three series of macro prudential measures had been
rolled out this year to avoid formation of bubble asset.
She noted that the country’s economic growth is driven
by domestic demand, as Malaysia is not at the epicenter
of the recent global financial crisis. She explained that
the financial intermediaries remain resilient and the
supply of credit was never disrupted, noting that
financial intermediation continues as financial markets
continues to function.
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Budget for property sector well received
Property analysts and consultants believe that the
removal of developers interest bearing scheme (DIBS)
and the property gains tax (RPGT) are much needed and
timely considering the speculation on property market.
The impact of RPGT will impact on the secondary market
and may slow down transactions. The increase in the
RPGT might discourage some speculators but the strong
holding power of buyers due to low interest rate
environment will provide a buffer for speculators to
hold the property longer before disposing it. Besides,
the removal of DIBS is expected to hit many high-end
developers.
The new regime is effective on curbing speculation and
help to raise government revenue. Meanwhile, the
regime was “pleased” as the property measures were
“lower than expected”. At least there is no reduction in
the loan-to-value (LTV) ratio to 60% or rise in the stamp
duties. The removal of DIBS was actually dint impact
negatively on developers as developers can still
circumvent the removal with rebates.
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I-Bhd to launch first three-star hotel in
2014
The developer of i-City project in Malaysia will unveil its
first three-star boutique hotel by September 2014. The
216-room Best Western hotel is the first hotel in i-city
with GDV of RM50 million. It will be managed by Best
Western International, which is one of the world’s
largest hotel chains.
Best Western International will manage the hotel by
providing building management and hospitality service
for 5 years with a further 5 years option.
Country Garden unveils unique villa city in
Kajang
of low-density, high privacy and high comforts with the
idea of small development supported by large facilities.
Country Garden Diamond City is building a one-stop
living for its residents as it features a supermarket, a
commercial complex, commercial streets as well as
educational facilities including a school, reading room
and library.
Budget 2014 to reduce fiscal deficit, says
Najib
Budget 2014 is target to reduce country’s fiscal deficit
while enhancing national resilience, according to Prime
Minister Datuk Seri Najib Razak. Najib also reckons that
an economic crisis in the US will impact global economic
growth although Asia Pacific region emerged as one of
the fastest-growing region.
HK listed property developer country Garden unveiled
its newly planned Country Garden Diamond city in
Kajang, following the success of County Garden Danga
Bay project. Diamond City offers residents 5-star living
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Budget 2014 highlights
Prime Minister Datuk Seri Najib Razak unveiled Budget
2014 today, seeking to address a large fiscal deficit,
shrinking current account surplus and growing debt pile
that are sources of concern for investors and ratings
agencies.
Following are highlights from Budget 2014:
* Prohibit developers from implementing projects that
have features of Developer Interest Bearing Scheme
(DIBS), to prevent developers from incorporating
interest rates on loans in house prices during the
construction period.
* Financial institutions are prohibited from providing
final funding for projects involved in the DIBS scheme.
Malaysia's top three banks are Maybank, CIMB and
Public Bank.
REAL PROPERTY GAINS TAX (RPGT)
* For gains on properties disposed within the holding
period of up to 3 years, RPGT rate is increased to 30%.
* For disposals within the holding period up to 4 and 5
years, the rates are increased to 20% and 15%,
respectively.
* Raise the minimum price of property that can be
purchased by foreigners to 1 million ringgit from
RM500,000.
AFFORDABLE HOMES
* To further increase access to home ownership at
affordable prices, an estimated 223,000 units of new
houses will be built by the government and the private
sector in 2014.
* Government to allocate RM578 million to the National
Housing Department (JPN) for low cost flats consisting
of 16,473 housing units.
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* Malaysian's government to provide 80,000 housing
units with an allocation of RM1 billion under affordable
housing scheme. The sales price of the houses will be
20% lower than market prices.
TWINS MONTLY EVENTS
* Introduce the Private Affordable Ownership Housing
Scheme (MyHome) to encourage the private sector to
build more low and medium-cost houses. The scheme
provides a subsidy of RM30,000 to the private
developers for each unit built.
* Preference will be given to developers who build low
and medium-cost houses in areas with high demand and
limited to 10,000 units in 2014.
* The scheme is for housing projects approved effective
from 1 January 2014 with an allocation of RM300 million.
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2.0 PROPERTY BUYING GUIDES
My First Home Buyer Scheme
The scheme is designed exclusively for the first home
buyers to buy their first house with a ceiling price of
RM500k by paying nothing! 100% financing and the
normal 10% down payment will be exempted. You will,
of course, paying higher interest rate for the mortgage.
Features:
• 100% margin of financing (105% inclusive of
incidental costs)
• Property price up to RM500,00
• 0 entry cost
Eligibility:
• Open to all Malaysian aged 35 years old and
below
• First home buyer
• Employed by the same company/employer for a
minimum of 6 months
• For own residential use only
Tips for New Buyers
Below are some points you should have in your checklist
before choosing your dream home. They are:
i. A purchase price that is affordable to your budget
and relative to the property
ii. Buy a home that you can sell at a profit
iii. What are the requirements that you need for
your dream home? List them down
iv. Visit properties that are on sale for comparisons.
Do not make a rash decision as it will be a longterm commitment
v. Read through the classified advertisements in the
papers for existing properties to make
comparisons on specifications and market price
Some points that you should note before making your
choice:
i. Sale and Purchase (S&P) Agreement
a. Property under construction
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The developer would usually appoint a
lawyer to draw-up the S&P Agreement. Be
prepared to pay legal fees on S&P, however
some developer will absorb the legal fee
providing the S&P lawyers are in their
panel.
b. Completed property
You would need to engage a lawyer from
the start until transaction is completed. The
lawyer should be able to advise and act on
your behalf when signing the S&P
agreement and making payments. Some
developer will provide lawyers without
additional cost providing the lawyers are in
their panel.
And, try to engage a licensed inspector to
help you evaluate the condition of the
property, give you sound advise on the
environmental condition of the area, check
for wood-damaging insects and other
relevant issues.
ii. Insurance
There are many types of insurance for properties
and the contents of the property. However, the
most important insurance that you need to
purchase is Mortgage Reducing Term Assurance
(MRTA), which ensures your home will be paid for
in full should anything happen to you. Therefore,
your family is assured of a place to stay.
End-financiers would usually have their panel of
insurers. Thus, your annual premium can be
included in your loan amount.
iii. Stamp duty and Legal Fees on Loan Agreement
Be prepared to pay stamp duty and legal fees on
your loan agreement. However, some banks do
absorb this cost, as an added value to the housing
loan packages. Therefore, make sure you look for
a loan deal that suits you best.
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iv. Stamp Duty on Transfer
Be prepared to pay stamp duty on transfer. The
S&P lawyer will collect this fee for you on behalf
of the Stamp Duty Office. Please ask your Sales
Advisor on the exact amount before you make the
purchase because the amount is quite substantial
based on your purchase price.
Fees and Charges
There are also related costs such as professional fees
and government charges that you would have to pay.
Below are some of the common fees and charges you
would expect to incur:
v. Handing Over of Keys
Some extra amount you have to add to your
budget after buying that dream property:
• The monthly service charge (if you’re buying
an apartment/condo unit)
• Deposit for utilities (electricity, water and
telephone line)
• Assessment (twice a year)
• Quit rent (annually)
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Twins Facebook Page
www.facebook.com/twinsrealty
Twins Website
www.twins.com.my
TRIPLE WIN MARKETER
TWINS ASSETS SDN. BHD. (574212-M)
No. 01-02-17, Jalan 1/50, Diamond Square, off Jalan Gombak, 53000 Kuala Lumpur
Tel: 03-40225168(Hunting Line) Fax:03-40225068 Email: [email protected]
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TWINS ASSETS SDN. BHD. (574212-M)

Transcription

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