Property Industry Factors of property prices Background of Greenview Residences Outlook of Malaysia Property Market

1. Economic Group Assignment
Prepared by :
Lee Yu Seng
Wong Chun Meng
Tey Shu Shan
Tan Ser Xuan
Tung Wen Bo
Lim Wen Suen

2. Introduction
• What is property of industry?
-Property consisting of land and building

3. Background of The Property Industry in
Malaysia
• The Standards of Quality and Design
– Have improved dramatically
– This not say all properties were badly constructed
– But it slightly higher in standards
– More focus on quality of material and construction
• House Prices
– Continue to rise
– Malaysia Nationwide -rose by 8% to RM276,888
– Valuation and Property Services Department (JPPH) – increase 1.65%
– Terrace house – average price rose by 8.2%

4. Factor of property prices
• Demand and supply
– Demand of houses > supply of houses
• Location
– To avoid traffic jam
– Public Transportation
• Facilities
– Shopping centres and hypermarkets

5. • Quality of Environment
– Air pollution
• Floor Level
– As floor level getting higher, the prices of houses will increases.
Ceteris Peribus
– At level 4th or 14th , the prices at that unit slightly lower
– Less noisy, more windy, better air, lesser insects and etc

6. Background of Greenview Residences
-was built by Sin Heap Lee Development Group
-Completed on 2006
-Have 3 block ; Each block consist of 160 units
-Highest point in the township
-Freehold condominium – full facilities
-”Quiet Environment”
• Location of Greenview Residences
– Grand Saga Highway and SILK Highway to KL within 25minutes
– students as they can reach UTAR within 5 minutes

7. Analysis
• Launch price in 2006 – RM 167,800
• sub sale price is from RM 268,000 to RM 650,000
• RM 196 to RM 475 per square feet
0
50
100
150
200
250
300
350
400
Price change of Greenview Residence
RM (psf)

8. Factor : Population
• Students of UTAR in Setapak and Petaling Jaya move
into the new building of UTAR Sungai Long City
Campus
• Cause the number of students increase
• No accommodation for students

10. • Students are forced to find the accommodation
themselves
• Greenview Condominium is one of their choices
• Demand of students needed for accommodation
increase, the supply of Greenview Condo is constant
and not increase, the price of Greenview Condo
increase

11. Factor : Facilities
• Full facilities- swimming pool, BBQ corner...
• Luxury and cosy facilities
• Parking lot
• 24-hour security team

12. Factor : Transportation
• No need worry about traffic jams
– Walking distance within 15 minutes
• Travel to further place is very convenient
– Take Rapid KL to KTM
• With code U41

15. http://www.myrapid.com.my/journeyplanner/bus/details?code=u41

16. FACTOR : CONVENIENCE STORE
• There are a lot of convenience store located near
Greenview Residence.
• Bank
• Restaurant and food stalls
• Petrol Station
• Sg Long Medical Center
• Price are reasonable compare to KL area

17. Aeon Mahkota
Cheras
Station One
Cafe
Maybank

18. Factors : Household income
• Mean household income of Selangor increases between year 2012
and year 2014.
-RM 7023 to RM 8252 (increased by 8.1% )
• Median household income of Selangor increases.
- RM 5353 to RM 6214 ( increased by 7.5 % )
• Income increases , demand for houses increases.
-Demand increases , Price of Greenview Residence increase.

19. Comparison between the median Income of citizens
of Malaysia in 2012 and 2014
Comparison of Mean Income between year 2012 and 2014

20. Outlook of Malaysia Property Market
• Rehda survey shows that 31 percent of properties in the RM500,000
to RM1 million range were unsold last year and they were mostly in
hot property markets
• Properties in the price range of RM250,000 to RM500,000 had 34
per cent of the completed units unsold.
• Lastly, we hope that developer can re-strategy and address this
supply-demand mismatch and government may want to look into
land acquisition rules to ensure all the property can sold out and
everyone are able to buy their house.

21. • So that it could equalise the economy of Malaysia, to lead a
brighter future of Malaysia.

22. THE END