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Data and Jabatan in Malaysia

The Valuation and Property Services Department (JPPH) -  Unsold Property Enquiry System Malaysia (UPESM)  - Unsold Property statistics -  NATIONAL PROPERTY INFORMATION CENTRE (NAPIC)  - URA statistics

Time to recalibrate policy measures

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When markets run amok, government policies are expected to provide stability. This was indeed the case when the policy measures first kicked in, starting from September 2009 and culminating in the implementation of the total debt service ratio (TDSR) framework on June 29, 2013. The market then started to respond to these measures and began the long process of detoxification. The slew of measures has altered the real estate investment landscape and effectively constrained overspending. Consequently, the private residential market is now behaving in ways that are different from the heydays of the past. Here, we look at some of those changes. The sequential imposition of the cooling measures has inadvertently created a live experiment on its impact on new-home sales in conjunction with housing prices. Over the past 14 quarters, with the measures in place, annual new-home sales volume has hovered between 7,300 and 7,900 units, with price changes in negative territory. Achieving a...

Cost savings, tech disruption influence workplace strategies

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According to CBRE’s 2017 Asia Pacific Occupier Survey, global economic uncertainty and a focus on cost savings are prompting MNCs to proactively adopt workplace strategies. About 50% of MNCs will invest more in their workplace strategy and space efficiency programmes, ranking that as their main priority for the coming year. Corporations across Asia- Pacific are making the realignment of workplace strategy a business priority. They are evaluating the longer-term dynamics of the workforce and thinking more holistically about the role of agile working environments in their business. As a result, corporations are coming up with workplace strategies and space efficiency initiatives to future-proof work environments, attract and retain personnel, and mitigate disruption. Space optimisation The increased focus on space optimisation is poised to accelerate a radical workplace change away from fixed desks to activity-based working. More than half of the survey respondents plan to ...

Hot spots for foreign buyers in Singapore’s residential market

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Foreigners are expected to make a comeback in Singapore’s residential property market after shying away from it since 2012 following the imposition of the additional buyer’s stamp duty (ABSD). In the first three months of 2017, the proportion of foreign buyers in the private residential market increased slightly to 6.9% from 6.7% in 2016 (see Chart 1). Although this is a far cry from the 17.5% seen in 2011, it is nevertheless an encouraging level of transaction among foreigners. The recent easing of cooling measures is seen as a signal that the unwinding of measures has begun and should continue to stoke confidence as well as boost sentiment. Coupled with the likely bottoming of prices, more foreign investors are expected to return to the Singapore residential sector to capitalise on the potential price upside. Hot spots for foreigners in 2016 We hope to shed light on hot spots favoured by foreigners by looking at where they have been buying in 2016 (see Chart 2). Of the ...

Siam Gan Property trend projection

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http://forums.condosingapore.com/showthread.php/26516-Sam-Gian I believe the Singapore Property Market is on a certain & gradual recovery path, after 4 years' of the cyclical decline. First of all, Singapore's GDP growth is never better this time round. Factories are back in production. But, be careful of the picture in the news report. It was a file picture in 2013. Actually, more factories are using Robots. Second piece of evidence - supply of new private homes is coming down. This means that prices will eventually stabilised - and then rebound! Third Evidence - sale of private homes has rebounded in all market sectors, including new home, resale etc. Fourth evidence - there was no decline in the number of Employment Passes issued by MOM. EP holders form the support base for private home leasing. Typical EP holders rent 2-bedroom or 3-bedroom apartments. Who say rental market is bad? Look at the rental transactions over the past few January - from Jan 2012 to Jan 2017. We...