Asia Sentiment Findings - Malaysia

3,502 views

Published on

A total of 3,459 people responded to the online survey on iproperty.com.my from 5th December 2011 to 19th January 2012.

The results showed that 62.3% of survey respondents were keen on purchasing property in the next 6 to 12 months, with 71.3% stating that they had a budget under RM 500,000. Interestingly as well, 28% of respondents wished to purchase property as investment for resale, more than in other survey respondents in the other regions.

The low barriers to property ownership and the healthy property price growth in the country, makes Malaysia an attractive country for not just locals but also foreigners to invest in. This can be attributed to several factors such as low mortgage rates, financing of up to 100%, stamp duty exemptions, long repayment periods, up to 30 years, or until age 75, which makes homeownership for Malaysians easy.

The most important issue for concern in the Malaysian property market was that of rising house prices. However, a significant number of people surveyed also expressed high concern about home financing policies and interest rates, as well as errant developers and building quality.

Published in: Real Estate, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
3,502
On SlideShare
0
From Embeds
0
Number of Embeds
2,333
Actions
Shares
0
Downloads
46
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Asia Sentiment Findings - Malaysia

  1. 1. ASIA PROPERTY MARKET SENTIMENT REPORT 2012 Presented by Shaun Di Gregorio CEO, iProperty Group 20th February 2012
  2. 2. Survey MethodologyObjective To examine consumer sentiments in the four key markets we serve – Malaysia, Hong Kong, Indonesia and Singapore. To provide valuable insights to help consumers gauge the sentiments of the property marketDuration 29th November 2011 – 17th January 2012Sample Size 8,499 survey respondents in total 3,349 survey respondents in Malaysia 1,614 survey respondents in Singapore 2,372 survey respondents in Indonesia 1,074 survey respondents in Hong KongResearch Instrument Online survey
  3. 3. THE FINDINGS
  4. 4. The Findings - Demographics The findings show that males were more keen in the property market compared to females. The 31-35 age group was the largest among survey respondents in Indonesia and Malaysia. The 30-39 age group was the largest among survey respondents in Hong Kong, while the 41-50 age group was the largest among Singaporean survey respondents. Respondents were made up largely of executive/managerial and professional occupations, mostly with an annual household income above the national average.
  5. 5. THE MALAYSIAN FRONT – A BUYERFRIENDLY ENVIRONMENT
  6. 6. Malaysia – A Buyer Friendly EnvironmentJust over half (53.4%) of people answering the survey reported an annualhousehold income of MYR 80,000 or less and over 46.6% earning above MYR80,000.
  7. 7. Malaysia – A Buyer Friendly Environment35.7% considered themselves Property Buyers, while 26.2% identifiedthemselves as Property Owners. Another 19.5% were investors. This can bepartly explained by the low barriers to property ownership and the healthyproperty price growth in the country. Description of Survey Respondents 18.60% 35.70% Property Buyers 19.50% Property Owners Investors 26.20% Others
  8. 8. Malaysia – A Buyer Friendly EnvironmentA surprising 41.4% owned two or more properties, a higher proportion thanin any other country.
  9. 9. Malaysia – A Buyer Friendly EnvironmentWith 62.3% of survey respondents intending to buy property within the year, 71.3%of had a budget under MYR 500,000. Landed property was the most popular type ofproperty, drawing the interest of 74.5% of survey respondents. Private condominiumsor service apartments drew the interest of 60.4%.
  10. 10. Malaysia – A Buyer Friendly EnvironmentMost Popular Areas in Malaysia in Dec 2011 On the iProperty.com Malaysia website, it can be seen that the top 4 popular search areas in the Klang Valley were Bangsar, Puchong, Cheras and Petaling Jaya.
  11. 11. CONSUMERS SENTIMENTS – POSITIVEON THE ECONOMY, CONCERNED OVERRISING HOUSE PRICES.
  12. 12. Consumer Sentiments on the Property MarketThe most important issue for concern in the Malaysian property market was that ofrising house prices. However, a significant number of people surveyed also expressedhigh concern about home financing policies and interest rates, as well as errantdevelopers and build quality.
  13. 13. Consumer Sentiments on the Property Market59.5% considered the Malaysian property market to be doing quite well, despitethe threat of a global recession.Interestingly, 58.6% believed that a property bubble existed in the Malaysianproperty market.
  14. 14. Consumer Sentiments on the Property MarketRespondents were almost evenly divided, when asked what housing policies thegovernment should focus on
  15. 15. THOUGHTS ON THE MRT PROJECT
  16. 16. Malaysia – Thoughts on the MRT ProjectAn overwhelming majority 89.8% expected property prices to rise inselected locations as a result of this project
  17. 17. THOUGHTS ON THE BUDGET 2012
  18. 18. Malaysia – Thoughts on BUDGET 2012In November 2011, BankNegara Malaysia imposeda Loan-to-Value ratio of70% for people buying athird property starting in2012.60.3% expected thismeasure will moderatespeculative activity in themarket.
  19. 19. Malaysia – Thoughts on BUDGET 2012With the increase in the Real Property Gains Tax to 10% for the first two years,5% in the third through the fifth year of disposal, 47.7% expected that it willalso discourage speculation.
  20. 20. Malaysia – Thoughts on BUDGET 201262.1% were positive than negative (33.3%) about whether the My First HomeScheme, designed to assist lower income private sector workers in obtaininghousing loans, would help house buyers to acquire their first home.
  21. 21. MALAYSIANS AND THE OVERSEASMARKET
  22. 22. Malaysians and the Overseas market17.9% of Malaysians were interested in investing in overseas property with interestin Australia, Singapore and the United Kingdom. Nearly half cited migration orretirement plans as the reason for buying overseas property.However, 42.2% ofSingaporean surveyrespondents showedinterest in overseasproperty, asignificantly higherpercentage than in anyother countrysurveyed.
  23. 23. Malaysians and the Overseas marketMalaysians were not in arush to purchase propertyoverseas. 71.7% ofrespondents did not plan tobuy for at least another oneyear. In Indonesia, surveyrespondents who planned tobuy overseas property werethe most likely to wait thelongest (2 or more years)compared to the other threecountries surveyed
  24. 24. CONCLUSION
  25. 25. Conclusion Although recent measures have been taken by Bank Negara and the Inland Revenue Board to discourage speculation, the Malaysian property market continues to be friendly for property buyers.Malaysian survey respondents are upbeat about the property market but at the same time wary of a possible property bubble.

×