iProperty.com Asia Property Market Sentiment Report 2012 (H2)
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Transcript of iProperty.com Asia Property Market Sentiment Report 2012 (H2)
ASIA PROPERTY MARKET SENTIMENT REPORT (H2) 2012
Presented by Shaun Di GregorioCEO, iProperty Group 11th September 2012
Survey Methodology Objective 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 market
Duration 1st July – 31st July 2012
Sample Size 25,754 survey respondents in total
11,966 survey respondents in Malaysia 9,805 survey respondents in Indonesia 1,000 survey respondents in Hong Kong 2,983 survey respondents in Singapore
Research Instrument Online survey – survey respondents were provided with links to obtain more information on specific questions.
THE FINDINGS – AN ASIAN OVERVIEW
The Findings – An Asian Overview
The Findings – An Asian Overview
The Findings – An Asian Overview
THE MALAYSIAN FRONT -CONTINUES TO BE A BUYER FRIENDLY ENVIRONMENT
Malaysia – A Buyer Friendly Environment
The largest segment of the group was the 31 – 35 age group. Just over half (56%) of people answering the survey reported an annual household income of MYR 80,000 or less and 44% earning above MYR 80,000.
Malaysia – A Buyer Friendly Environment
34% considered themselves Property Buyers, while 26% identified themselves as Property Owners. Another 20% were investors. This can be partly explained by the low barriers to property ownership and the healthy property price growth in the country.
Malaysia – A Buyer Friendly Environment A surprising 43% owned two or more properties, a higher proportion than in any other country.
Properties owned
Singapore – 29% own 2 or more
properties
Indonesia – 12% own 2 or more
properties
Hong Kong – 14% own 2 or
more properties
Malaysia – A Buyer Friendly Environment With 60% of survey respondents intending to buy property within the year, 70% had a budget under MYR 500,000. Landed property was the most popular type of property, drawing the interest of 73% of survey respondents. Survey respondents across the four countries have stayed in their current premises for less than 5 years indicating that they aspire to upgrade their living conditions.
60% want to buy within the year with the motivation to own their own property
70% had a budget of under MYR500,000
73% wants landed property
56% have stayed in their current premises between 0 – 5 years
Malaysia – A Buyer Friendly Environment
Rental Yield5.94/10
Factors of consideration when buying
property
7.84/108.15/10
6.15/10
5.24/10
Developer
4.60/10
3.03/10
Family & Friends
3.04/10
Political and
Malaysia – A Buyer Friendly Environment Trends of Most Popular Areas in Malaysia from April 2012 – July 2012
On the iProperty.com Malaysia website, it can be seen that the top 4 popular search areas were Bangsar, Puchong, Cheras and Petaling Jaya.
Bangsa
r
Puchong
Cheras
Petaling J
aya
Mont K
iara
Shah
Alam
Suban
g Jay
a
Ampang
Klang
Kepong 0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
July June May April
OVERSEAS MARKET – CAUTIOUS
Overseas Market – Cautious
49% were not interested
in overseas property
Top 3 Overseas Destinations 1. Australia 2. Singapore 3. United Kingdom
50% had the intention to purchase after two years – with 50% citing retirement/migration as main attraction.
SENTIMENTS – CONCERNED OVER RISING HOUSE PRICES
Sentiments – Concerned over Rising House Prices
85% are concerned about affordability and rising house
prices56% are concerned errant developers
and building quality
52% considered the current economic and political climate to be conducive to property
investment
Sentiments – Concerned over Rising House Prices
On Loan-To-Value, Real Property Gains Tax and Amendments to the Housing Development Act 1966
54% believed that the loan-t0-value mortgage cap will
moderate speculative activity
in the market.
A divided response from respondents that
the Real Property Gains Tax has curbed
speculation. 42% said yes and 42%
said no with 17% unsure about the
move.
47% were supportive of the new amendments to the
Housing Development Act 1966.
Sentiments – Concerned over Rising House Prices
49% did not believe that My First Home Scheme helped first time home buyers compared to 33% of respondents last
year.
51% believed that more should be done to protect property buyers.
On My First Home Scheme and Laws to Protect Home Buyers
BUDGET 2013 – WHAT MALAYSIANS WANT
Better Housing Schemes
Tax deductions on housing loans
Lower Interest Rates
BUDGET 2013 WHAT MALAYSIANS WANT
Better Public Transportation
In Housing Areas
Stricter Guidelines on Property Price
Increase
Stricter Guidelines on
Errant Developers
61% 60% 58%
55% 54% 53%
CONCLUSION
Conclusion
The Malaysian property market continues to be friendly for property buyers.
The Malaysian real estate in in tandem with the continued growth in the economy.
Buyers are more keen on investing in properties under MYR500,000 as majority young working respondents who are eager to buy.
Affordability and rising house prices continue to remain high concern.