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El Outlook09
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El Outlook09

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Property Outlook 2009 …

Property Outlook 2009
presented by First Pacific

Published in: Real Estate, Technology
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  • These are just a small sample of our clients list
  • First Pacific started in 1993 and grew into a group of companies. Is a firm of Registered Valuers, Real Estate Agents, Projects Managers and Property Consultants with the Board of Valuers, Appraisers and Estate Agents of Malaysia. We provide complete property services from valuation to real estate agency services, projects management and marketing. Work experience prior to setting up FIRST PACIFIC includes – Real Estate Professional Group (Adelaide, Australia); Richard Ellis International (Auckland, New Zealand); Jones Lang Wootton and City valuers & Consultants Sdn Bhd (both in Kuala Lumpur, Malaysia)
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • These are just a small sample of our clients list
  • This brings to end my presentation today. I will be glad to answer any questions you may have regarding our company or services after this. Once again I thank you for being here today and for the opportunity to present myself, my company and our services to you all.
  • Transcript

    • 1. Complete Property Services First Pacific Group Services 2009 5.30 am
    • 2. Complete Property Services
    • 3. <ul><li>PROPERTY MARKET </li></ul><ul><li>OUTLOOK 2009 & BEYOND </li></ul><ul><li>TTDI / Uptown/Bandar Utama/Damansara Utama </li></ul><ul><li>Mont’ Kiara – high end condo & serviced residence </li></ul><ul><li>KLCC Vicinity – high end condo & serviced residence </li></ul>Complete Property Services
    • 4. <ul><li>FIRST PACIFIC VALUERS </li></ul><ul><li>Started in 1993 </li></ul><ul><li>Registered Valuers & Registered Estate Agents with Board of Valuers, Appraisers and Estate Agents Malaysia </li></ul><ul><li>V596 & E565 </li></ul><ul><li>2 Directors – P L Lee & Tuan Haji Mohamad Sarip Saleh </li></ul><ul><li>Work experience prior FIRST PACIFIC </li></ul><ul><ul><li>Real Estate Professional Group (Adelaide); </li></ul></ul><ul><ul><li>Richard Ellis International (Auckland); </li></ul></ul><ul><ul><li>Jones Lang Wootton (KL) </li></ul></ul><ul><ul><li>City Valuers & Consultants Sdn Bhd (KL) </li></ul></ul><ul><li>INTRODUCTION </li></ul>Complete Property Services
    • 5. <ul><li>2 main core services </li></ul><ul><li>Valuation </li></ul><ul><li>Real Estate Agency </li></ul><ul><li>Valuation  Mortgages </li></ul><ul><li>  Buying & Selling </li></ul><ul><li>  Corporate Valuation </li></ul><ul><li>  IPO & RTO </li></ul><ul><li>Estate Agency  Residential </li></ul><ul><li>  Retail </li></ul><ul><li>  Commercial & Industrial </li></ul><ul><li>  Development land </li></ul><ul><li>  Agriculture & Plantation land </li></ul>2. PROFESSIONAL SERVICES Complete Property Services
    • 6. 3. ACHIEVEMENTS Complete Property Services <ul><li>Valuation - from 2004 to date over MYR 1.5 billion </li></ul><ul><li>Real Estate Agency - 2004 over MYR 100 million </li></ul><ul><li>Danaharta – Remarkable Success – 300 REA </li></ul><ul><ul><li>2002 – 3rd Runner Up </li></ul></ul><ul><ul><li>2004 – Best Performance – Champion </li></ul></ul>Complete Property Services
    • 7. <ul><li>MARKET ANALYSIS ON </li></ul><ul><li>TOP 50 BUILDING TRANSACTIONS & </li></ul><ul><li>TOP 50 DEVELOPMENT LAND TRANSACTIONS FOR THE PAST 3 YEARS </li></ul>4. TOP 50 TRANSACTIONS Complete Property Services
    • 8. TOP 5 DEVELOPMENT LAND TRANSACTIONS No Land Transacted Price (RM) Date 1 Pavillion Site Bukit Bintang 144.5 million Aug’ 05 2 YNH Site * Opp. Concorde Hotel 107.9 million * Feb’ 97 3 Jalan Raja Laut Next to Sogo 100 million Jan’ 04 4 Jalan Kia Peng Next to KL Convention Centre 65 million Aug’ 04 5 YNH Site * 63 million * Jul’ 04 Complete Property Services
    • 9. TOP 5 OFFICE BUILDING TRANSACTIONS No. Building Transacted Price (RM) Year 1 Vision City 430 million Jul’ 07 2 KL Sentral, Lot A 404 million Jul’ 07 3 * Proposed CAHB HQ, KL Menara CIMB 375 million 460 million Jan’ 04 Dec’ 07 4 Kompleks Daya Bumi 270 million Jan’ 04 5 Empire Tower 270 million Aug’ 07 Complete Property Services
    • 10.  
    • 11. 5. AMERICAN INVESTMENT RULE 72 Capital Value should DOUBLE in 10 years time at the interest cost of 7.2 % FV = PV (1+i) n i % = 7.2 % Term = 10 years Equivalent to Complete Property Services
    • 12. 6. UPTOWN SURROUNDING PROPERTIES Complete Property Services
    • 13. Complete Property Services DAMANSARA UTAMA 4STOREY SHOP OFFICE TRANSACTED PRICE
    • 14. Complete Property Services DAMANSARA UTAMA (LAND AREA 1540-1725 SF) TERRACE HOUSE TRANSACTED PRICE
    • 15. Complete Property Services DAMANSARA UTAMA SEMI D TRANSACTED PRICE
    • 16. Complete Property Services BANDAR UTAMA 2.5 STOREY TERRACE HOUSE TRANSACTED PRICE
    • 17. Complete Property Services BANDAR UTAMA 2 STOREY TERRACE HOUSE TRANSACTED PRICE
    • 18. Complete Property Services TAMAN TUN DR ISMAIL (LAND AREA 1800-1900 SF) 2 STOREY TERRACE HOUSE TRANSACTED PRICE
    • 19. Complete Property Services TAMAN TUN DR ISMAIL (LAND AREA 1920 SF) SINGLE STOREY TERRACE HOUSE TRANSACTED PRICE
    • 20. Complete Property Services TAMAN TUN DR ISMAIL 2 STOREY STANDARD/ INDIVIDUAL BUNGALOW HOUSE TRANSACTED PRICE
    • 21. Complete Property Services TAMAN TUN DR ISMAIL 2 STOREY SEMI-DETACHED HOUSE TRANSACTED PRICE
    • 22. Complete Property Services DESA SRI HARTAMAS (LAND AREA 1760 SF) 4 STOREY SHOP OFFICE TRANSACTED PRICE
    • 23. Complete Property Services DESA SRI HARTAMAS (LAND AREA 1650-1760 SF) 2 STOREY TERRACE HOUSE TRANSACTED PRICE
    • 24. 7. HIGH END CONDO SUPPLY IN KLANG VALLEY Complete Property Services
    • 25. Cumulative Supply of High End Condominiums & Serviced Residences Units SUPPLY SITUATION Since 2006 supply of condo increased about 30,000 units Complete Property Services
    • 26. EXISTING & FUTURE SUPPLY - KLANG VALLEY Complete Property Services Existing Supply No. of Units Percentages   Developments     Ampang Hilir/U-Thant 45 1,999 9% Bangsar 23 2,371 11% City Centre/Bukit Bintang 12 3,378 15% Damasara Heights 9 1,034 5% Kenny Hills 10 617 3% KL Sentral/Brickfields 2 1,000 5% Kuala Lumpur City Centre 29 4,613 21% Mont' Kiara/Sri Hartamas 25 7,059 32% Total Existing Supply 155 22,070 100% Future Supply       Ampang Hilir/U-Thant 13 1,769 8% Bangsar 6 832 4% City Centre/Bukit Bintang 11 3,688 17% Damasara Heights 3 433 2% KL Sentral/Brickfields 3 668 3% Kuala Lumpur City Centre 222 6,005 27% Mont' Kiara/Sri Hartamas 20 6,260 29% Pantai/Kerinchi 2 2,288 10% Total Future Supply 80 21,942 100% Grand Total   44,012  
    • 27. FUTURE INCOMING SUPPLY - KLANG VALLEY TOTAL Complete Property Services
    • 28. FUTURE DEVELOPMENTS (Klang Valley) - Supply Complete Property Services   2009   2010   2011   2012   (29 Developments)   (14 Developments)   (30 Developments)   (10 Developments) 1 Iringan Hijau 1 Amarin Wickham 1 9 Madge (lot 126, Sec 89A) 1 Vida SOHO 2 Jutawarna Condo (Lot 215, 216 & 84) 2 Brunsfiled Embassy 2 Damai 206 (Lot 206) 2 Platinum Park - Platinum Concierge Suites 3 U-Thant Residence 3 Eminet Garden 3 D'Rapport @ Ampang Ph 1 - Festa 3 Platinum Park - Platinum Residence 1 4 Bangsar Peak (Lot 40395 & 40396) 4 Gallery @ U-Thant 4 Karana Residency 2 4 Platinum Park - Platinum Residence 2 5 Ken Bangsar Serviced Residences 5 Regalia @ Sultan Ismail 5 Lot 19, Section 89A (Bandar Park) 5 St. Mary Project 6 One Menerung 6 Hampshire Place 6 Ssangyong Residences 6 The Four Seasons Place 7 Chearwater Residence 7 The Crest 7 D9 Bangsar 7 Kiara 3 8 231 TR 8 D'Tiara 8 Gaya Bangsar 8 The Park Residences - Phase 2 9 Bintang Fairlane Residence 9 Gateway Kiaramas (Lot 2375, K5) 9 Suasana Bangsar 9 The Park Residences - Block Acacia 10 Taragon Putri KL - Residences Tower 10 Palazzio Sunway 10 Zephyt Point 10 The Park Residences - Block Begonia 11 The Pavilion Residence 11 Verve Suites 11 Exquisite Skyline by UMLand 12 163 Suites 12 Matahari 12 Millennium Residence 13 Ampersand @ Kia Peng 13 Lumina Kiara 13 Swiss Garden Residence 14 Hampshire Residences 14 Twins @ Damansara Heights 14 Cap Square Residence 2 15 Idaman Residence 15 12 Kia Peng 16 One KL 16 51 Gurney 17 Zehn Bukit Pantai 17 Ritz-Carlton Residences 18 Kiara 1888 18 Menara DNP 19 Mont' Kiara Meridin (MK23) 19 Regent Hotel & Residences 20 One Residency 20 Setia Sky Residence 21 Solaris @ Dutamas (Park/Boulevard/Urban) 21 The Pearl @ KLCC 22 Seni Mont' Kiara 22 Residential Mutiara 23 MyHabitat 1 & 2 23 11@Month' Kiara (MK11) 24 633 Residency (Lot 633, Section 55) 24 Duta Kingsbury Park - Tower Residences 25 10 Mont' Kiara (MK10) 25 (Parcel K3 Sri Hartamas) 26 Casa Kiara 2 - 11/2009 26 Kiara 9 (Lot 1897) 27 Ceriaan Kiara (Radiant Mont' Kiara) 27 MK28 - Lot 1870 & 1871 28 Tiffani by Izen 28 One Kiara 29 The Troika 29 Sunway Vivaldi 30 Panorama @ KLCC
    • 29. 8. SUMMARY OF NEW LAUNCH, UNDER CONSTRUCTION AND UPCOMING CONDOMINIUM DEVELOPMENTS WITHIN THE MONT’ KIARA AREA Complete Property Services
    • 30. COMPLETED Complete Property Services Development Name No. of Storey/ Blocks 1. Kiaraville 1 block 28 storey & 1 block 33 storey 2. Hijauan Kiara 7 blocks 3. Kiaramas Ayuria 3 blocks of 35 storey towers 4. Kiara Banyan 1 block of 33 storey tower 5. Kiara Designer Suites 1 block of 29 storey tower 6. i-Zen@Kiara I 2 bloks of 35 storey towers 7. i-Zen@Kiara II 2 bloks of 35 storey towers
    • 31. COMPLETING SOON Complete Property Services Development Name No. of Storey/ Blocks Developer’s Name 1. Changkat View 4 Towers Plenitude 2. Kiara 1888 2 buildingss of 9 and 33 storey Mitraland Group 3. Ceriaan Kiara 2 blocks of 28 and 29 storey towers YNHB 4. Tiffani by i-Zen 2 blocks of 26 and 38 storey towers Aseana Ireka 5. The 1 blocks of 33 storey Bukit Kiara Properties 6. [email_address] Commercial Sunrise Group 7. Windsor & Waldorf Sri Hartamas - Mayland
    • 32. UNDER CONSTRUCTION Complete Property Services Development Name No. of Storey/ Blocks Developer’s Name 1. Palazzio Sunway 2 blocks 20 storey each Suncity Berhad 2. Matahari Luxury Condos@ Desa Sri Hartamas - Maymont Development SB 3. The Icon Mont’ kiara 1 block of 27 storey tower Mah Sing Group 4. Amverton Rise 2 blocks of 18 qand 30 storey tower A & M Realty 5. The Verve Suites Phase II - IV - Bukit Kiara Properties 6. Casa Kiara II 1 block of 34 storey tower Suncity-Dijaya 7. Gateway Kiaramas 2 blocks of 11 and 30 storey Quest 8. ’ Kiara 2 towers of 40 storey each Aseana Ireka 9. ’ Kiara 2 blocks of 28 and 16 storey tower Aseana Ireka 10. MK Meridian 1 blocks of 31 storey tower Sunrise Group 11. 10@Mont’ Kiara 2 blocks of 40 and 43 storey tower C
    • 33. TO BE LAUNCHED Complete Property Services Development Name No. of Storey/ Blocks Developer’s Name 1. Lumina Kiara 3 blocks of 23, 29 and 52 storey towers ECH Development & Mgmt SB 2. One Kiara 2 blocks of 38 and 32 storey towers - 3. Kiara 9 1 block of 41 storey tower Mitrajaya 4. 3 blocks of 23, 42 and 42 storey towers YNHB 5. Duta Kiara 163 Suites 3 blocks of 23, 42 and 42 storey towers YNHB 6. Crest Builder’s ’ Kiara - Crest Builder 7. HR United’s Mont Kiara - - 8. 11@ ’ Kiara 3 towers Sunrise Group 9. MK 20 - Sunrise Group 10. MK 28 2 towers Sunrise Group 11. 10@Mont’ Kiara 2 blocks of 40 and 43 storey tower C
    • 34. TO BE LAUNCHED Complete Property Services Development Name No. of Storey/ Blocks Developer’s Name 12. ’ s Commercial MK - Sunrise Group 13. ’ s Solaris@ Dutamas Phase II Office Tower - Sunrise Group 14. Aseana Ireka’s 2 nd Phase SENI Mont’ Kiara - Aseana Ireka 15. Sime Darby’s Mont Kiara - Mayland 16. Asia Quest’s Kiaramas Danai@Mont’ Kiara - Quest
    • 35. 9. INCOMING SUPPLY OF CONDO WITHIN KLCC AREA & MONT’ KIARA Complete Property Services
    • 36. ESTIMATED INCOMING SUPPLY (No. of Units) KLCC AREA & MONT’ KIARA Complete Property Services Year KLCC Mont’ Kiara 2009 1,740 2,980 2010 465 1,470 2011 2,000 1,650 2012 1,800 160 Total 6,005 6,260
    • 37. 10. MONT’ KIARA TRANSACTED PRICE Complete Property Services
    • 38. MONT’ KIARA - TRANSACTED PRICE Complete Property Services MONT KIARA CASA KIARA II CONDOMINUM TRANSACTED PRICE (NEXT TO KIARA DESIGNER SUITES)
    • 39. MONT’ KIARA - TRANSACTED PRICE Complete Property Services MONT KIARA SUITES KIARA DESIGNER TRANSACTED PRICE (NEXT TO GARDEN INTERNATIONAL SCHOOL)
    • 40. MONT’ KIARA - TRANSACTED PRICE Complete Property Services MONT KIARA CONDOMINIUM LA GRANDE KIARA TRANSACTED PRICE (NEXT TO DUTA TOLL/SOLARIS)
    • 41. MONT KIARA CONDOMINIUM LANAI KIARA TRANSACTED PRICE (NEXT TO PENCHALA LINK) MONT’ KIARA - TRANSACTED PRICE Complete Property Services
    • 42. MONT’ KIARA - TRANSACTED PRICE Complete Property Services MONT KIARA CONDOMINIUM SUTERA/AYURIA TRANSACTED PRICE
    • 43. PRICES IN MONT’ KIARA Complete Property Services Residential Property Launch Prices (RM psf) Selling Prices (RM psf) Mont’ Kiara Damai 350 620 Mont’ Kiara Aman 400 580 I-Zen Kiara II 350 480 Kiara Designer Suites 340 400 Kiaraville 425 500 Verve Suites 575 770 Seni Mont’ Kiara 689 740 Kiara 9 700 780
    • 44. Sunway Vivaldi   2,600 sq. ft to 3,500 sq.ft   Above RM 2,500,000 per unit   Completion on Feb 2011   228 units Complete Property Services
    • 45. <ul><li>Seni Mont Kiara </li></ul><ul><li>2,347 sq. ft to 3,541 sq.ft </li></ul><ul><li>RM 1,790,00 to RM 2,818,000 </li></ul><ul><li>RM 763 psf to RM 796 psf </li></ul><ul><li>Completion on August 2010 </li></ul><ul><li>605 units </li></ul>Complete Property Services
    • 46. Hijauan Kiara   2,090 sq.ft to 3,792 sq.ft   RM 1,400,000   RM 669 psf   Current Asking Price RM600-650 psf   188 units   Complication on early 2008j Complete Property Services
    • 47. Verve Suites   462 sq.ft to 932 sq.ft   RM 400,000 to RM 988,000   RM 865.80 psf to RM 1,060 psf   399 units   Completion on 2012 Complete Property Services
    • 48. Kiara 1888 Condo & Villas   1,238 sq.ft to 3,983 sq.ft   RM 567,970 to RM 2,051,760   RM 458.78 psf to RM 515.13 psf   182 units   Completion of end 2008   Complete Property Services
    • 49. 10 @ Mont Kiara   3,478 sq.ft to 7,500 sq.ft   RM 1,778,000 to RM 5,043,000   RM 511 psf to RM 672 psf   332 units   Completion on Sept 2007 Complete Property Services
    • 50. Casa Kiara II @ Mont Kiara   1,375 sq.ft to 1,574 sq.ft   RM657,191 to RM 1,647,366   RM 478 psf   206 units   Completion on Nov 2009   Selling Price RM480 psf Complete Property Services
    • 51. Matahari Luxury Super Condos   3,909 sq.ft to 10,823 sq.ft   RM 3,107,666   RM 850 psf to RM 1000 psf   158 units   Completion on March 2010 Complete Property Services
    • 52. Palazzio – SOLD OUT   2,507 sq.ft to 5,327 sq.ft   RM 2,219,000   RM 840 psf   160 units   Completion on 2010 Complete Property Services
    • 53. 11. KLCC AREA TRANSACTED PRICE Complete Property Services
    • 54. KLCC AREA - TRANSACTED PRICE KLCC VICINITY STONOR PARK Launch Price RM500 psf Asking Price RM980 psf Complete Property Services
    • 55. KLCC AREA - TRANSACTED PRICE Complete Property Services KLCC VICINITY MARC TRANSACTED PRICE
    • 56. KLCC AREA - TRANSACTED PRICE Complete Property Services KLCC VICINITY K RESIDENCE Launch Price RM750 psf Asking Price RM1150 psf
    • 57. KLCC AREA - TRANSACTED PRICE Complete Property Services KLCC VICINITY DUA RESIDENCY Launch Price RM500 psf Asking Price RM850 psf
    • 58. KLCC AREA - TRANSACTED PRICE Complete Property Services KLCC VICINITY PAVILION Launch Price RM975 psf Asking Price RM1300 psf
    • 59. KLCC AREA - TRANSACTED PRICE Complete Property Services KLCC VICINITY 3 KIA PENG TRANSACTED PRICE
    • 60. The Troika   2045 sq ft to 9053 sq ft   RM1,881,400 to RM8,328,760   RM 920 psf   164 units   Completion on 2009   Selling Price above RM1,400 psf Complete Property Services
    • 61. Binjai Residency   2100 sq ft to 2326 sq ft   RM1000 psf to RM1300 psf   100 units   Completion in 2007   Selling Price RM900 to RM1,100 psf Complete Property Services
    • 62. K-Residence   1400 sq ft to 12,000 sq ft   RM700 psf to RM1,000 psf   188 units   Completion on 2008   Selling Price RM1,100 to RM1,200 Complete Property Services
    • 63. Avare   3600 sq ft to 5700 sq ft   RM3,970,000 to RM10,900,000   RM800 psf   78 units   Completion on 2008   Selling Price RM1000 to RM1,100 Complete Property Services
    • 64. KL Pavilion   1234 sq ft to 7174 sq ft   RM975 psf   368 units   Completion on 2009   Selling Price RM1200 to RM1300 psf Complete Property Services
    • 65. The Binjai at KLCC   2213 sq ft to 3700 sq ft   RM1000 psf onwards   171 units   Completion on 2009 Complete Property Services
    • 66. Complete Property Services American International Group Inc (AIG) 1.10 unch Open: unch High: unch Low: unch Previous Close: 1.10 Volume: 1,919,050 After Hours: 1.03 -0.07 / -6.36% Vol. 1,850,936 Eastern Time
    • 67. Complete Property Services Citigroup Inc (C) 2.81 unch REAL ESTATE INVESTMENTS Vs STOCK MARKET Open: unch High: unch Low: unch Previous Close: 2.81 Volume: 2,408,069 After Hours: 2.70 -0.11 / -3.91% Vol. 2,346,333 Eastern Time
    • 68. PRICES IN KLCC Complete Property Services Residential Property Launch Prices (RM psf) Selling Prices (RM psf) Stonor Park 500 980 Dua Residency 500 850 Park Seven 750 1,350 Pavilion Residences 975 1,300 Ampersand@Kia Peng 820 1,200 Panorama 1,250 1,400 Regent Residence 2,500 - Binjai on The Park 2,800 -
    • 69. 12. CURRENT REAL ESTATE MARKET SCENARIO Complete Property Services
    • 70. <ul><li>Due to: </li></ul><ul><li>1. External factors – global economy </li></ul><ul><li>2. Negative sentiment from Global RE market </li></ul><ul><li>3. US & European economic crisis prolongs </li></ul><ul><li>4. Incoming over supply situation </li></ul><ul><li>Foreign investors – not appearing </li></ul><ul><li>RE market </li></ul><ul><li>-> prices – plateau, shows slim signs of RECOVERY </li></ul><ul><li>-> overall still facing weak market ahead </li></ul><ul><li>-> sales volume down </li></ul><ul><li>-> prices & rental expected to level off/decline further </li></ul>MARKET OUTLOOK FOR HIGH END CONDO Complete Property Services
    • 71.  NPL cases expected to increase further  Proclamation sale/Auction cases have been increasing in the last 12 months  NPL cases – First Pacific valued RM285.0 mil for Banks  Even KLCC and good location properties  auctions  eg. TTDI CSH2 -> 13 bidders -> Reserved Price RM945,000.00 -> Sold for RM1,215,000.00 FORECLOSURE CASES Complete Property Services
    • 72. <ul><li>SOME OF THE ABORTED DEALS </li></ul>Complete Property Services 1 Location : Development Land @ Jalan Yap Kwan Seng Vendor : E&O Bhd Purchaser : Magna Universe Sdn Bhd Transacted Price : RM84.3mil 2 Location : 2 Factories @ Senai, Johor Vendor : Well-Built Holdings Sdn Bhd Purchaser : Axis REITS Transacted Price : RM27.0 mil 3 Location : Kenny Heights Land 25 acres Vendor : Dutaland Bhd Purchaser : Stonehage Westcity Property Fund Ltd Joint Venture Partner : Merrill Lynch (Asia Pacific) Ltd 4 Location : Menara Citibank, @ Jalan Ampang Vendor : Invertin Sdn Bhd Purchaser : IOI Corp Bhd Transacted Price : RM586.73 mil Forfeited Deposit : RM73.36 mil
    • 73. Complete Property Services 5 Location : Mont’ Kiara 20 Commercial Space (retail office & serviced apartments) Vendor : Sunrise Bhd Purchaser : Malaysia Commercial Development Fund (MCDF) Transacted Price : RM767 mil (mutually terminate) 6 Location : Shoplot Summit City USJ Vendor : SYE Resource Bhd Purchaser : AM Ara REIT Managers Sdn Bhd Transacted Price : Sell & Leaseback @ RM8.0 mil 7 Location : JV to build Laman Duta Vendor : Warta Development Sdn Bhd Purchaser : IJM Transacted Price : JV aborted 8 And many more….
    • 74. MARKET OUTLOOK 2009 & BEYOND Complete Property Services
    • 75. RE Prices  High End Condo 5% to 10% Situation – just got out from the ICU suffered from Heart Attack, - still weak& - recuperating state Hopeffuly - No Re attack Complete Property Services
    • 76. RE Market Plus Points 1. BLR is low Interest decline  ↑ purchase affordability 2. High End Condo Value and Office Value are much lower than most other cities in the regions 3. Malaysia Property Incorporated - promoting Malaysia as Property Investment destination - having road shows to : - South Korea - China - Japan - Britain - India Complete Property Services
    • 77. <ul><li>Investors adopt </li></ul><ul><li> cautious move </li></ul><ul><li>wait and see attitude </li></ul><ul><li>Some taking advantage of GOOD buy </li></ul><ul><li>GOLDEN RULE : EVEN THE BAD TIME CAN HOLD GOLDEN OPPORTUNITIES FOR INVESTORS </li></ul><ul><li>IF THEY BUY RIGHT </li></ul>CONCLUSION Complete Property Services
    • 78. The End Complete Property Services First Pacific Group Services 2009 THANK YOU 10.00 pm

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