Laporan Stok Harta Tanah Property Stock Report Q2 2011

Summary of Existing Stock, Incoming Supply and Planned Supply of Residential, Shop and Industrial Properties in Q2 2011PRESIDENTIAL UNITS STATE Existing Stock 414,436 4,479 11,023 1,285,192 675,948 352,661 383,835 233,076 153,943 263,203 214,017 53,408 56,249 20,705 144,177 199,710 4,466,062 Incoming Supply 39,656 794 738 134,143 76,429 43,457 35,093 65,227 13,081 37,272 26,814 17,215 12,973 2,062 37,772 17,910 560,636 Planned Supply 31,922 2,724 92 132,659 148,557 41,043 41,102 103,537 22,280 33,073 42,816 21,107 9,458 1,837 25,683 7,809 665,699 Existing Stock 23,026 198 794 76,353 67,415 28,226 41,551 18,182 16,351 25,181 17,210 4,763 8,103 3,336 15,833 22,610 369,132 SHOP UNITS Incoming Supply 1,793 123 74 12,458 8,893 3,543 3,270 3,267 2,995 3,423 2,742 1,029 2,177 243 1,836 1,868 49,734 Planned Supply 1,360 75 49 7,664 14,366 2,982 6,175 8,695 2,213 3,285 4,409 1,224 3,680 509 2,992 1,044 60,722 INDUSTRIAL UNITS Existing Stock 5,146 48 601 34,352 13,474 7,681 7,070 4,717 4,140 3,015 3,308 716 458 165 4,266 4,227 93,384 Incoming Supply 14 35 2 2,799 674 238 414 1,316 263 233 310 11 80 1 971 447 7,808 Planned Supply 153 0 1 1,633 2,639 668 2,328 3,754 4,868 3,612 1,065 334 14 69 649 978 22,765

WP Kuala Lumpur WP Putrajaya WP Labuan Selangor Johor Pulau Pinang Perak Negeri Sembilan Melaka Kedah Pahang Terengganu Kelantan Perlis Sabah Sarawak MALAYSIA

Summary of Existing Stock, Incoming Supply and Planned Supply of Shopping Complex and Pupose-Built Office in Q2 2011PSHOPPING COMPLEX Existing Stock (s.m.) WP Kuala Lumpur WP Putrajaya WP Labuan Selangor Johor Pulau Pinang Perak Negeri Sembilan Melaka Kedah Pahang Terengganu Kelantan Perlis Sabah Sarawak MALAYSIA 2,123,203 67,714 26,063 2,538,570 1,490,714 1,375,041 573,940 339,319 358,520 391,772 219,302 86,836 224,866 66,829 535,993 358,245 10,776,927 Incoming Supply (s.m.) 635,734 9,907 0 199,994 229,050 113,195 186,682 44,475 15,478 50,411 32,657 0 4,320 6,720 130,271 267,217 1,926,113 Planned Supply (s.m.) 415,932 0 0 95,117 848,502 68,715 11,487 74,029 0 39,568 29,012 0 6,618 0 29,682 7,432 1,626,094 PURPOSE BUILT OFFICE Existing Stock (s.m.) 6,932,624 1,670,803 66,157 2,354,588 983,806 1,097,496 618,274 280,812 335,357 286,966 294,772 298,185 349,636 90,706 674,554 578,757 16,913,493 Incoming Supply (s.m.) 1,203,026 460,392 28,022 469,723 206,091 38,789 6,111 5,097 22,625 36,950 182,256 16,837 24,649 64,270 67,963 7,378 2,840,179 Planned Supply (s.m.) 477,604 186,626 0 16,279 587,489 170,155 2,192 111,090 0 10,994 29,316 0 23,689 7,190 0 0 1,622,624

STATE

P Preliminary Data

Pusat Maklumat Harta Tanah Negara Jabatan Penilaian & Perkhidmatan Harta Kementerian Kewangan Malaysia Aras 7, Perbendaharaan 2 No.7, Persiaran Perdana, Presint 2 62592 Putrajaya

No. Tel : 03-8886 9000 No. Faks : 03-8886 9007 Laman Web : www.jpph.gov.my

1 NAPIC

Jabatan Penilaian dan Perkhidmatan Harta

Valuation Department

and

Property

Services

Hak cipta terpelihara. Tidak dibenarkan mencetak semula mana-mana bahagian artikel, ilustrasi dan isi kandungan laporan ini dalam apa juga bentuk dan dengan cara apa jua sama ada secara elektronik, mekanikal, fotokopi, rakaman atau cara lain sebelum mendapat izin bertulis daripada penerbit. Penerbit tidak bertanggungjawab terhadap kesahihan maklumat yang terkandung dalam laporan ini. Maklumat dalam laporan ini tidak boleh digunakan dalam apa-apa timbang tara, dakwaan dan tindakan undang-undang atau sebagai asas untuk kesimpulan lain. Laporan ini dibuat tertakluk kepada beberapa andaian dan batasan.

Copyrights Reserved No part of this report may be reproduced, stored in a retrieval system, transmitted in any form or by any means of electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the publisher. No responsibility is accepted for the accuracy of information contained in this report. Material published in this report cannot be used in any arbitration, litigation and legal proceedings or as a basis for other conclusions. The report was constructed subject to a set of assumptions and limitations.

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PENDAHULUAN

Laporan Stok Harta Tanah menyebarkan maklumat berdasarkan kepada skop berikut:i. ii. iii. Stok sedia ada mengikut sektor harta tanah iaitu kediaman, perdagangan, industri dan riadah. Prestasi harta tanah perdagangan (Pejabat Binaan Khas dan Kompleks Perniagaan) berdasarkan kadar penghunian pada suku kajian. Penawaran akan datang yang terdiri daripada data penawaran akan datang, mula pembinaan dan penawaran yang dirancang.

Ingin dimaklumkan bahawa semua data di jadual tersebut perlu dibaca seiring dengan catatan teknikal yang disertakan bersama laporan ini. Maklumat berkenaan harta tanah perdagangan iaitu kompleks perniagaan dikategorikan kepada pusat membeli belah, arked dan pasar raya besar manakala bagi pejabat binaan khas terdiri daripada pejabat kerajaan dan swasta. Kami ingin merakamkan ucapan ribuan terima kasih kepada semua yang telah menjayakan penerbitan laporan ini terutamanya kepada semua Pihak Berkuasa Tempatan, Pemaju, Pengurus Harta, Pejabat Tanah dan lain-lain agensi Kerajaan yang terlibat di dalam memberikan input bagi tujuan penerbitan berkala ini. Tanpa sokongan tuan-tuan, kami tidak mungkin dapat menerbitkan laporan ini. Seperti yang telah diketahui, pasaran harta tanah yang sihat dan stabil tidak sahaja penting bagi individu tetapi juga kepada ekonomi negara pada keseluruhannya. Oleh itu, kami akan sentiasa memastikan laporan yang disediakan kepada pembaca adalah berkualiti dan menepati masa. Kami sangat mengalu-alukan maklum balas, komen serta pandangan daripada pembaca untuk memperbaiki lagi laporan ini. Kami boleh dihubungi melalui telefon, faksimili atau emel kepada:Pengarah Pusat Maklumat Harta Tanah Negara (NAPIC) Jabatan Penilaian dan Perkhidmatan Harta Kementerian Kewangan Malaysia Aras 7, Perbendaharaan 2 No 7, Pesiaran Perdana Presint 2 62592 Putrajaya Tel : 03-88869000 Fax : 03-88869007 Email : napic@jpph.gov.my

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FOREWORD

The Property Market Stock Report disseminates informations on the following scopes:-

i. ii. iii.

Existing inventories of properties on a sectorial basis namely residential, commercial, industry and leisure. Propertyperformanceofcommercialproperty(Purpose-BuiltOfficeandCommercial Complex) by indicating its occupancy rates on a quarterly basis Future supply comprises Incoming Supply, Construction Starts and Planned Supply.

Please be informed that all the data tabulated should be read in line with NAPICs Technical Notes attached in the report. Information pertaining to commercial properties ie shopping complex is categorized into three sections ie shopping centre, arcade and hypermarket whilst for purpose built officedesignatedforpubliclyownedandprivateownership. We would like to express our gratitude to all those who had made this publication a success. Specifically,wewishtothankalllocalcouncils,developers,propertymanagers/buildingowners, land offices nation wide and other relevant government bodies for giving their valuable inputs to make this quarterly survey a success. Without your support we will not be able to publish this report. It is a known fact that a healthy and stable property market is crucial to not only the individuals but also to the countrys economy as a whole. Therefore, it is our utmost wish to provide readers with high quality information in a timely manner. We welcome feedback, comments and suggestions from our readers to further improve this report. You may call, write, fax or email to us. Director National Property Information Centre (NAPIC) Valuation and Property Services Department Ministry Of Finance Malaysia Level 7, Perbendaharaan 2 No 7, Pesiaran Perdana Precinct 2 62592 Putrajaya Tel : 03-88869000 Fax : 03-88869007 Email : napic@jpph.gov.my

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Laporan Stok Harta Tanah Q2 2011Property Stock Report Q2 2011

KANDUNGANCONTENTSMuka Surat PageGambaran Keseluruhan .....................................................................................................................10 Overview Kediaman Residential Stok Sedia Ada .....................................................................................................................17 Existing Stock Penawaran Akan Datang ........................................................................................................17 Incoming Supply Penawaran Yang Dirancang ...................................................................................................19 Planned Supply Kedai Shop Stok Sedia Ada .....................................................................................................................21 Existing Stock Penawaran Akan Datang ........................................................................................................21 Incoming Supply Penawaran Yang Dirancang ...................................................................................................22 Planned Supply Kompleks Perniagaan Shopping Complex Stok Sedia Ada .....................................................................................................................25 Existing Stock Pusat Membeli Belah .....................................................................................................25 Shopping Centre Arked ..............................................................................................................................26 Shopping Arcade Pasaraya Besar ..............................................................................................................26 Hypermarket Penawaran Akan Datang ........................................................................................................26 Incoming Supply Penawaran Yang Dirancang ...................................................................................................27 Planned Supply

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Muka Surat PagePejabat Binaan Khas Purpose-BuiltOffice Stok Sedia Ada ................................................................................................................29 Existing Stock Penawaran Akan Datang ........................................................................................... 29 Incoming Supply Penawaran Yang Dirancang ...................................................................................... 30 Planned Supply Industri Industry Stok Sedia Ada ...................................................................................................... 32 Existing Stock Penawaran Akan Datang ........................................................................................... 32 Incoming Supply Penawaran Yang Dirancang ...................................................................................... 33 Planned Supply Riadah Leisure Hotel Hotels Stok Sedia Ada ...................................................................................................... 36 Existing Stock Siap Dibina Completions Kadar Purata Penghunian Average Occupancy Rate Penawaran Akan Datang ........................................................................................... 37 Incoming Supply Penawaran Yang Dirancang ...................................................................................... 38 Planned Supply Pangsapuri Khidmat Service Apartments Stok Sedia Ada Existing Stock Catatan Teknikal Technical Notes Glosari Glossary

...................................................................................................... 39

...................................................................................................... 40

...................................................................................................... 53

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LIST OF FIGURESRajah Figure1

Perkara Title

Muka Surat Page

Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan ................................... 10 Bagi Harta Tanah Kediaman Dari Q2 2010 hingga Q2 2011 Completions, Starts and Building Plan Aprovals for Residential Properties from Q2 2010 to Q2 2011 Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan ....................................11 bagi Kedai dari Q2 2010 hingga Q2 2011 Completions, Starts and Building Plan Aprovals for Shops from Q2 2010 to Q2 2011 Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan ................................... 13 bagi Kompleks Perniagaan dari Q2 2010 hingga Q2 2011 Completions, Starts and Building Plan Aprovals for Shopping Complexes from Q2 2010 to Q2 2011 Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan .................................... 14 bagi Pejabat Binaan Khas dari Q2 2010 hingga Q2 2011 Completions,StartsandBuildingPlanAprovalsforPurpose-BuiltOfficesfrom Q2 2010 to Q2 2011 Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan ................................... 15 bagi Industri dari Q2 2010 hingga Q2 2011 Completions, Starts and Building Aprovals for Industrial Properties from Q2 2010 to Q2 2011 Kadar Purata Penginapan dan Jumlah Kedatangan Pelancong dari............................ 16 Q2 2009 hingga Q2 2011 Average Occupancy Rates and Tourist Arrivals from Q3 2008 to Q2 2011 Aliran Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan bagi .................. 20 Harta Tanah Kediaman dari Q1 2008 hingga Q2 2011 Trends Of Completions, Starts and Building Plan Aprovals for Residential Properties from Q1 2008 to Q2 2011 Aliran Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan bagi ................. 24 Kedai dari Q1 2007 hingga Q2 2011 Trends Of Completions, Starts and Building Plan Aprovals for Shops from Q1 2008 to Q2 2011 Aliran Kadar Serapan dan Kadar Ambilan Ruang dalam .............................................. 28 Kompleks Beli Belah dari Q1 2007 hingga Q2 2011 Trends Of Absorption and Take-Up Rates of Space in Shopping Complexes from Q1 2008 to Q2 2011

2

3

4

5

6

7

8

9

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Rajah Figure10

Perkara Title

Muka Surat Page

Aliran Kadar Serapan dan Kadar Ambilan Ruang Sediada dalam................................ 31 Pejabat Binaan Khas dari Q1 2007 hingga Q2 2011 TrendsOfAbsorptionandTake-UpRatesofExistingSpaceinPurpose-BuiltOffices from Q1 2008 to Q2 2011 Aliran Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan.......................... 35 bagi Harta Tanah Industri dari Q1 2007 hingga Q2 2011 Trends Of Completions, Starts and Building Plan Approvals for Industrial Properties from Q1 2008 to Q2 2011 Aliran Kadar Purata Penginapan Setiap Suku Tahun bagi Hotel .................................. 37 1-5 Bintang Di Malaysia Berbanding Kedatangan Pelancong bagi tempoh dari Q1 2007 hingga Q2 2011 Trends Of Quarterly Average Occupancy Rate of 1-5 Star Hotels In Malaysia Against Tourist Arrivals for The Period from Q1 2008 to Q2 2011 Aliran Unit Siap Dibina, Mula Dibina dan Kelulusan Pelan Bangunan bagi .................. 39 Hotel dari Q1 2008 hingga Q2 2011 Trends Of Completions, Starts and Building Plan Approvals for Hotels from Q1 2008 to Q2 2011

11

12

13

Data Stok Harta Tanah mengikut Sub-sektor boleh diperolehi daripada laman web Jabatan www.jpph.gov.my. Property Stock Data Sub-sector by property available on our web site www.jpph.gov.my.

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LIST OF TABLE

Jadual Table1 2

Perkara Title

Muka Surat Page

Unit Kediaman Siap Dibina Mengikut Jenis Pada Q2 2011 ...........................................17 Completed Residential Units by Property Types in Q2 2011 Unit Dalam Pembinaan dan Unit Mula Dibina Mengikut Jenis Harta Tanah ...................18 Yang Paling Digemari Pada Q2 2011 Under Construction Units and Starts by Popular Residential Property Types In Q2 2011 Unit Kediaman Yang Mendapat Kelulusan Pelan Bangunan ..........................................19 Mengikut Jenis Pada Q2 2011 Building Plan Approvals for Residential Units by Property Types in Q2 2011 Unit Kedai Siap Dibina Mengikut Jenis Pada Q2 2011 ...................................................21 Completed Shop Units by Property Types in Q2 2011 Unit Kedai Dalam Pembinaan dan Unit Mula Dibina ......................................................22 Mengikut Jenis Pada Q2 2011 Under Construction Units and Starts for Shops by Property Types in Q2 2011 Bilangan dan Pecahan Peratus Bangunan Kedai Yang Mendapat Kelulusan ...............23 Pelan Bangunan Mengikut Jenis Pada Q2 2011 The Number and Percentage Share of Building Plan Approvals for Shops by Property Types in Q2 2011 Unit Industri Siap Dibina Mengikut Jenis Pada Q2 2011 ................................................32 Completed Industrial Units by Property Types in Q2 2011 Unit Industri Dalam Pembinaan dan Unit Mula Dibina ....................................................33 Mengikut Jenis Pada Q2 2010 Under Construction Units and Starts for Industrial units by Property Types in Q2 2011 Bilangan Unit Industri Yang Mendapat Kelulusan Pelan Bangunan ...............................34 Mengikut Jenis Pada Q2 2011 The Number of Building Plan Aprrovals for Industrial Units by Property Types in Q2 2011 Penyumbang Utama Hotel Mengikut Negeri dalam Kategori Penawaran Akan ............37 Datang Pada Q2 2011 The Major Incoming Supplier for Hotels by States in Q2 2011 Negeri Yang Mempunyai Bilangan Bilik Hotel Yang Terbanyak dalam ...........................38 Kategori Penawaran Yang Dirancang pada Q2 2011 State with Dominant Planned Supply of Hotel Rooms in Q2 2011

3

4 5

6

7 8

9

10

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LAPORAN STOK HARTA TANAHGambaran Keseluruhan Pada penghujung Q2 2011, stok sedia ada unit kediaman adalah sebanyak 4,466,062 unit, termasuk 11,780 unit baru disiapkan. Berbanding Q1 2011, kenaikan sedikit daripada 4,454,282 unit telah dicatat. Sepanjang empat suku yang lalu, sejumlah 73,964 unit kediaman telah siap dibina. Purata bilangan unit siap dibina bagi tempoh tersebut adalah 18,491 unit bagi setiap suku. Bilangan tertinggi siap dibina direkodkan adalah 25,516 unit (Q3 2010) manakala terendah adalah pada suku kajian. Penawaran akan datang meningkat sebanyak 2.4% daripada 547,751 unit yang direkod pada Q1 2011 kepada 560,636 unit. Angka ini menunjukkan pertambahan 6.3% daripada 527,419 unit (QonQ). Empat suku yang lalu menyaksikan sejumlah 99,184 unit rumah memulakan pembinaan. Jumlah tersebut merangkumi 20,738 unit (Q3 2010), 24,612 unit (Q4 2010), 29,169 unit (Q1 2011) dan 24,665 unit (Q2 2011). Dalam suku kajian, penawaran dirancang adalah sebanyak 665,699 unit, menurun sedikit dari 670,999 unit yang direkod pada suku sebelumnya. Sebaliknya, peningkatan sedikit daripada 665,134 unit telah dicatat berbanding Q2 2010. Sepanjang empat suku yang lalu, sejumlah 93,306 unit kediaman memperolehi kelulusan pelan bangunan. Bilangan tertinggi kelulusan pelan bangunan dicatatkan pada Q1 2011 (29,037 unit), diikuti Q4 2010 (27,961 unit), Q2 2011 (19,365 unit) and Q3 2010 (16,943 unit). Rajah 1 menunjukkan ringkasan unit siap dibina, mula dibina dan kelulusan pelan bangunan bagi harta tanah kediaman dari Q2 2010 hingga Q2 2011P.Figure 1

PROPERTY STOCK REPORTOverview At the end of Q2 2011, the existing stock of residential properties stood at 4,466,062 units, including the completions of 11,780 units. A marginal increase from 4,454,282 units was noted against Q1 2011. During the past four quarters, a total of 73,964 housing units were completed. The average number of completed units within the period was 18,491 units per quarter. The highest number of completions recorded was 25,516 units (Q3 2010) whilst the lowest was in the review quarter. The incoming supply increased by 2.4% from 547,751 units recorded in Q1 2011 to 560,636 units. The figure was an additional of 6.3% from 527,419 units (QonQ). The past four quarters saw a total of 99,184 houses commenced construction. The total comprised 20,738 units (Q3 2010), 24,612 units (Q4 2010), 29,169 units (Q1 2011) and 24,665 units (Q2 2011). In the review quarter, planned supply was 665,699 units, a marginal decrease from 670,999 units recorded in the previous quarter. On the other hand, a marginal increase from 665,134 units was registered against Q2 2010. In the past four quarters, a total of 93,306 units of houses obtained building plan approvals. The highest number of building plan approvals was recorded in Q1 2011 (29,037 units), followed by Q4 2010 (27,961 units), Q2 2011 (19,365 units) and Q3 2010 (16,943 units). Figure 1 shows a summary of completions, starts and building plan approvals for residential properties from Q2 2010 to Q2 2011P.

Completions, Starts and Building Plan Approvals for Residential Properties from Q2 2010 to Q2 2011 P35 30 25

( 000) Units

20 15 10 5 0 Q2 2010 Q3 2010 CompletionsQ2 2010

Q4 2010 StartsQ3 2010 25,516 20,738 16,943 Q4 2010 23,739 24,612 27,961

Q1 2011

Q2 2011

Building Plan ApprovalsQ1 2011 12,929 29,169 29,037 Q2 2011P 11,780 24,665 19,365

Completions (units) Starts (units) Building Plan Approvals (units)

21,960 19,937 18,644

P = Preliminary Data

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Terdapat 369,132 unit kedai di dalam pasaran dengan kesiapan 1,478 unit pada penghujung Q2 2011. Bilangan ini meningkat sedikit daripada 367,721 unit yang dicatat pada Q1 2011. Ianya mencatatkan peningkatan sebanyak 2.4% daripada 360,530 unit (QonQ). Sepanjang empat suku yang lalu, sejumlah 7,648 unit siap dibina. Purata bilangan unit siap dibina dalam tempoh adalah 1,912 unit bagi setiap suku. Bilangan tertinggi unit siap dibina yang direkod adalah 2,550 units (Q3 2010) manakala terendah adalah pada suku kajian. Penawaran akan datang bagi kedai meningkat sedikit kepada 49,734 unit apabila dibandingkan dengan Q1 2011 (48,799) kerana unit mula dibina jauh melebihi unit siap dibina pada suku kajian. Begitu juga, peningkatan sedikit daripada 47,815 unit dicatat (QonQ). Sepanjang empat suku yang lalu menyaksikan sejumlah 9,282 unit kedai telah memulakan pembinaan. Jumlah tersebut terdiri daripada 2,295 unit (Q3 2010), 2,118 unit (Q4 2010), 2,456 unit (Q1 2011) dan 2,413 unit (Q2 2011). Penawaran dirancang bagi kedai meningkat sedikit daripada 59,463 unit yang telah direkod dalam Q1 2011 kepada 60,722 unit. Sebaliknya, ia mencatat kenaikan sebanyak 4.3% daripada 58,211 unit (QonQ). Sejumlah 11,008 kedai memperolehi kelulusan pelan bangunan sepanjang empat suku yang lalu, terdiri daripada 2,313 unit (Q3 2010), 2,827 unit (Q4 2010), 2,196 unit (Q1 2011) dan 3,672 unit (Q2 2011). Rajah 2 menunjukkan ringkasan unit siap dibina, mula dibina dan kelulusan pelan bangunan bagi kedai dari Q2 2010 hingga Q2 2011P.Figure 2

There were 369,132 shops available in the market with the completions of 1,478 units at the end of Q2 2011. The numbers increased marginally from 367,721 units in Q1 2011. It recorded an increase of 2.4% from 360,530 units (QonQ). In the past four quarters, a total of 7,648 units were completed. The average number of completed units within the period was 1,912 units per quarter. The highest number of completions recorded was 2,550 units (Q3 2010) whilst the lowest was in the review quarter. Incoming supply of shops increased marginally to 49,734 units when compared to Q1 2011 (48,799 units) as starts outnumbered completions during the review quarter. Similarly, a marginal increase from 47,815 units was observed (QonQ). The past four quarters saw a total of 9,282 shops commenced construction. The total comprised 2,295 units (Q3 2010), 2,118 units (Q4 2010), 2,456 units (Q1 2011) and 2,413 units (Q2 2011). The planned supply of shops increased marginally from 59,463 units in Q1 2011 to 60,722 units. On the other hand, it recorded an increase of 4.3% from 58,211 units (QonQ). A total of 11,008 shops obtained building plan approvals during the past four quarters, comprising 2,313 units (Q3 2010), 2,827 units (Q4 2010), 2,196 units (Q1 2011) and 3,672 units (Q2 2011). Figure 2 shows a summary of completions, starts and building plan approvals for shops from Q2 2010 to Q2 2011P.

Completions, Starts and Building Plan Approvals for Shops from Q2 2010 to Q2 2011 P4000 3500 3000

Units

2500 2000 1500 1000 500 0 Q2 2010 Q3 2010 Completions Q4 2010 Starts Q1 2011 Building Plan Approvals Q2 2011

Q2 2010 Completions (units) Starts (units) Building Plan Approvals (units)P = Preliminary Data

Q3 2010 2,550 2,295 2,313

Q4 2010 1,919 2,118 2,827

Q1 2011 1,701 2,456 2,196

Q2 2011P 1,478 1,413 3,672

2,132 1,407 1,867

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Pembangunan kompleks perniagaan adalah bercampurcampur dalam suku kajian. Pada penghujung Q2 2011, jumlah ruang niaga sedia ada adalah 10,776,927 m.p. dengan pertambahan 18,120 m.p. (4 bangunan) pada suku kajian. Ruang niaga ini disumbangkan oleh 776 buah kompleks perniagaan di seluruh negara. Ruang niaga meningkat sedikit daripada 10,751,894 m.p. (Q1 2011). Pada suku kajian, sebuah bangunan di Kuala Lumpur dengan jumlah ruang niaga sebanyak 42,097 m.p. telah menghentikan operasi dan sedang menjalani kerja pengubahsuaian. Begitu juga, ia mencatatkan peningkatan sebanyak 3.9% daripada 10,369,392 m.p. (QonQ). Sepanjang empat suku yang lalu, jumlah ruang niaga yang memasuki pasaran adalah 442,338 m.p., disumbang oleh 29 kompleks perniagaan yang baru siap dibina. Ruang niaga siap dibina tertinggi yang direkodkan adalah 172,958 m.p. (11 bangunan) pada Q1 2011 manakala yang terendah adalah pada suku kajian. Penawaran akan datang mencatat 1,926,113 m.p. ruang niaga, peningkatan sebanyak 12.5% daripada 1,711,344 m.p (Q1 2011) manakala peningkatan sebanyak 11.4% daripada 1,729,107 m.p dicatatkan berbanding Q2 2010. Begitu juga, ruang mula dibina mencatat peningkatan ketara melebihi lima kali ganda kepada 232,889 m.p. (Q1 2011: 43,352 m.p). Empat suku yang lalu menyaksikan sejumlah 512,367 m.p. ruang (24 bangunan) memulakan pembinaan. Tertinggi adalah suku kajian manakala terendah adalah 43,352 m.p. (Q1 2011). Sebaliknya, penawaran dirancang bagi ruang niaga menurun sebanyak 11.0% kepada 1,626,094 m.p. (Q1 2011: 1,826,644 m.p). Penurunan ini berikutan ruang yang memulakan pembinaan yang lebih tinggi (232,889 m.p.) berbanding bilangan ruang yang memperolehi kelulusan pelan bangunan yang lebih rendah (16,993 m.p.). Ia mencatat penurunan 11.8% daripada 1,844,580 m.p. (QonQ). Sepanjang empat suku yang lalu, penawaran baru dirancang adalah 19,031 m.p. (Q3 2010), 114,300 m.p. (Q4 2010), 78,151 m.p. (Q1 2011) dan 32,339 m.p. (Q2 2011). Permintaan untuk ruang niaga kekal stabil, mengekalkan kadar penghunian purata 81.0% yang dicatatkan pada suku sebelumnya. Walau bagaimanapun, kadar serapan menurun daripada 5.8% dicatatkan pada Q1 2011 kepada 0.8%. Begitu juga, kadar ambilan menurun daripada 1.1% yang direkod dalam suku kajian sebelumnya kepada 0.2%. Sepanjang empat suku yang lepas, ambilan ruang tertinggi adalah pada Q1 2011 (191,282 m.p.) dan terendah pada Q4 2010 (14,403 m.p.). Rajah 3 menunjukkan ringkasan unit siap dibina, mula dibina dan kelulusan pelan bangunan bagi kompleks perniagaan dari Q2 2010 hingga Q2 2011P

The development of shopping complexes was mixed in the review quarter. At the end of Q2 2011, the existing retail space stood at 10,776,927 s.m. with 18,120 s.m. (4 buildings) added in the review quarter. The total space was offered by 776 commercial complexes across the country. The retail space increased marginally from 10,751,894 s.m. (Q1 2011). During the review quarter, a building in Kuala Lumpur with a total retail space of 42,097 s.m. ceased operation and is currently undergoing major renovation. Similarly, it noted an increase of 3.9% from 10,369,392 s.m. (QonQ). During the past four quarters, the total retail space which entered the market was 442,338 s.m., contributed by the completions of 29 new shopping complexes. The highest retail space completions recorded was 172,958 s.m. (11 buildings) in Q1 2011 whilst the lowest was in the review quarter. The incoming supply recorded 1,926,113 s.m. of space, an increase of 12.5% from 1,711,344 s.m. (Q1 2011) whilst a 11.4% increase from 1,729,107 s.m. was recorded against Q2 2010. Similarly, the construction starts registered a substantial increase of more than five-fold to 232,889 s.m. (Q1 2011: 43,352 s.m.). The past four quarters saw a total of 512,367 s.m. of space (24 buildings) commenced construction. The highest was recorded in the review quarter whilst the lowest was 43,352 s.m. (Q1 2011). On the other hand, the planned supply of retail space decreased by 11.0% to 1,626,094 s.m. (Q1 2011: 1,826,644 s.m.). This decrease was due to a higher space that started construction (232,889 s.m.) as against a lesser space obtaining building plan approvals (16,933 s.m.). It registered a decrease of 11.8% from 1,844,580 s.m (QonQ). During the past four quarters, the new planned supplies were 19,031 s.m. (Q3 2010), 114,300 s.m. (Q4 2010), 78,151 s.m. (Q1 2011) and 32,339 s.m. (Q2 2011). Demand for retail space sustained, retaining the average occupancy rate of 81.0% recorded in the previous quarter. However, the absorption rate decreased from 5.8% recorded in Q1 2011 to 0.8%. Similarly, the take-up rate decreased from 1.1% recorded in the previous quarter to 0.2%. In the past four quarters, take-up space was the highest in Q1 2011 (191,282 s.m.) and lowest in Q4 2010 (14,403 s.m.). Figure 3 shows a summary of completions, starts and building plan approvals for shopping complexes from Q2 2010 to Q2 2011P

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Figure 3Completions, Starts and Building Plan Approvals for Shopping Complexes from Q2 2010 to Q2 2011 P250

200

('000) s.m.

150

100

50

0 Q2 2010 Q3 2010 Completions Q4 2010 Starts Q1 2011 Q2 2011

Building Plan Approvals

Q2 2010 Completions (s.m.) Starts (s.m.) Building Plan Approvals (s.m.)P = Preliminary Data

Q3 2010 154,796 171,353 19,031

Q4 2010 96,464 64,773 114,300

Q1 2011 172,958 43,352 78,151

Q2 2011P 18,120 232,889 32,339

68,296 165,589 87,152

Ruang pejabat sedia ada dalam pasaran untuk bangunan pejabat binaan khas adalah sebanyak 16,913,493 m.p., mengekalkan bilangan yang dicatatkan pada suku sebelumnya. Berbanding Q2 2010, ia mencatat kenaikan sebanyak 2.9% daripada 16,431,260 m.p. Tiada ruang siap dibina direkodkan pada suku kajian. Sepanjang empat suku yang lepas, sejumlah 408,154 m.p. ruang pejabat daripada 20 bangunan telah memasuki pasaran. Ruang siap dibina tertinggi adalah 246,951 m.p. (11 bangunan) pada Q1 2011 manakala tiada ruang siap dibina yang dicatatkan pada suku kajian. Penawaran akan datang meningkat sedikit daripada 2,839,332 m.p. kepada 2,840,179 m.p. Peningkatan kecil ini disebabkan hanya 847 m.p. ruang yang memulakan pembinaan berbanding tiada ruang yang siap dibina pada suku kajian. Walau bagaimanapun, ianya mencatat peningkatan yang ketara sebanyak 23.1% daripada 2,306,360 m.p. (QonQ). Empat suku yang lalu menyaksikan sejumlah 552,520 m.p. ruang (20 bangunan) memulakan pembinaan. Tertinggi dicatatkan adalah 280,800 m.p. pada Q1 2011 manakala terendah adalah sebanyak 847 m.p. pada suku kajian. Hampir keseluruhan penawaran akan datang adalah daripada unit di bawah kategori dalam pembinaan. Peningkatan sebanyak 1.7% daripada 1,595,174 m.p. (Q1 2011) kepada 1,622,624 m.p. direkodkan dalam kategori penawaran baru dirancangkan. Sebaliknya, berbanding dengan dengan Q2 2010, penurunan sebanyak 14.4% daripada 1,895,121 m.p. dicatatkan. Dalam kategori penawaran baru dirancang, jumlah ruang akan datang menurun dengan ketara sebanyak 79.0% daripada 135,052 m.p, (Q1 2011) kepada 28,297 m.p. Begitu juga,

The existing supply of office space in purposebuilt office buildings stood at 16,913,493 s.m., retaining the same number recorded in the previous quarter. Against Q2 2010, it noted an increase of 2.9% from 16,431,260 s.m. No completion was recorded in the review period. In the past four quarters, a total of 408,154 s.m. of office space from 20 buildings entered the market. The highest completed space was 246,951 s.m. (11 buildings) in Q1 2011 whilst none was recorded in the review quarter. The incoming supply increased marginally from 2,839,332 s.m. to 2,840,179 s.m. This small increase was attributed to only 847 s.m. of space that commenced construction as against nil completion in the review quarter. However, it recorded a substantial increase of 23.1% from 2,306,360 s.m. (QonQ). The past four quarters saw a total of 552,520 s.m. of space (20 buildings) commenced construction. The highest was 280,800 s.m. registered in Q1 2011 whilst the lowest was 847 s.m. in the review quarter. Almost all of the incoming supply was from the under construction category. A marginal increase of 1.7% from 1,595,174 s.m. (Q1 2011) to 1,622,624 s.m. was recorded in the new supply category. On the other hand, against Q2 2010, a reduction of 14.4% from 1,895,121 s.m. was noted. In the new planned supply category, the total space in the pipeline decreased substantially by 79.0% from 135,052 s.m. (Q1 2011) to 28,297 s.m. Similarly, compared to Q2 2010, the new planned supply decreased by 15.0% from 33,276 s.m. On the demand side, the average occupancy rate of office space decreased marginally from 83.4% (Q1 2011) to 83.2%. The absorption rates

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berbanding dengan Q2 2010, penawaran yang baru dirancang menurun sebanyak 15.0% daripada 33,276 m.p. Dari sudut permintaan, kadar penghunian purata bagi ruang pejabat menurun sedikit daripada 83.4% (Q1 2011) kepada 83.2%. Kadar serapan adalah 1.7% (Q3 2010), 0.5% (Q4 2010), 2.9% (Q1 2011) dan negatif 1.4% (Q2 2011). Kadar ambilan adalah 0.3% (Q3 2010), 0.1% (Q4 2010), 0.5% (Q1 2011) dan negatif 0.2% (Q2 2011). Rajah 4 menunjukkan ringkasan unit siap dibina, mula dibina dan kelulusan pelan bangunan bagi pejabat binaan khas dari Q2 2010 hingga Q2 2011P.

were 1.7% (Q3 2010), 0.5% (Q4 2010), 2.9% (Q1 2011) and negative 1.4% (Q2 2011). The take-up rates were 0.3% (Q3 2010), 0.1% (Q4 2010), 0.5% (Q1 2011) and negative 0.2% (Q2 2011). Figure 4 shows a summary of completions, starts and buildingplanapprovalsforpurpose-builtofficefrom Q2 2010 to Q2 2011P.

Figure 4 Completions, Starts and Building Plan Approvals for Purpose-built Offices from Q2 2010 to Q2 2011 P300 250

('000) s.m.

200 150 100 50 0 Q2 2010 Q3 2010 Completions Q4 2010 Starts Q1 2011 Building Plan Approvals Q2 2011

Q2 2010 Completions (s.m.) Starts (s.m.) Building Plan Approvals (s.m.)P = Preliminary Data

Q3 2010 126,929 190,757 139,156

Q4 2010 34,274 80,963 4,945

Q1 2011 246,951 280,800 135,052

Q2 2011P 0 847 28,297

77,808 230,838 33,276

Suku kajian menyaksikan sedikit peningkatan bagi unit industri sedia ada kepada 93,384 unit berbanding dengan 93,278 unit yang direkodkan pada Q1 2011. Peningkatan sedikit ini disumbang oleh 106 buah kilang yang siap dibina. Sepanjang empat suku yang lalu, sejumlah 502 unit kilang telah siap dibina. Bilangan unit siap dibina tertinggi adalah 302 unit (Q4 2010) manakala yang terendah adalah 42 unit (Q1 2011). Penawaran akan datang sebanyak 7,808 unit, peningkatan sedikit daripada 7,799 unit (Q1 2011). Ia mencatat peningkatan 4.6% daripada 7,464 unit. (QonQ). Empat suku yang lalu menyaksikan sejumlah 748 unit kilang memulakan pembinaan. Jumlah tersebut terdiri daripada 200 unit (Q3 2010), 209 unit (Q4 2010), 224 unit (Q1 2011) dan 115 unit (Q2 2011). Begitu juga, penawaran yang dirancang meningkat sedikit daripada 22,447 unit (Q1 2011) kepada 22,765

The review period saw a marginal increase of existing industrial units to 93,384 units as against 93,278 units recorded in Q1 2011. The marginal increase was contributed by 106 completed factories. In the past four quarters, a total of 502 units of factories were completed. The highest completions were 302 units (Q4 2010) whilst the lowest was 42 units (Q1 2011). The incoming supply was 7,808 units, a marginal increase from 7,799 units (Q1 2011). It noted a 4.6% increase from 7,464 units (QonQ). The past four quarters saw a total of 748 factories commenced construction. The total comprised 200 units (Q3 2010), 209 units (Q4 2010), 224 units (Q1 2011) and 115 units (Q2 2011). Likewise, the planned supply increased marginally from 22,447 units (Q1 2011) to 22,765 units. Similarly, it recorded an increase of 2.4% from 22,224 units

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unit. Begitu juga, penawaran yang dirancang mencatat peningkatan 2.4% daripada 22,224 unit (QonQ). Sepanjang empat suku yang lalu, sejumlah 1,132 kilang mendapat kelulusan pelan bangunan. Rajah 5 menunjukkan ringkasan unit siap dibina, mula dibina dan kelulusan pelan bangunan untuk harta tanah industri daripada Q2 2010 hingga Q2 2011P.

(QonQ). The past four quarters, the total of 1,132 factories obtained building plan approvals. Figure 5 shows a summary of completions, starts and building plan approvals for industrial properties from Q2 2010 to Q2 2011P.

Figure 5 Completions, Starts and Building Plan Approvals for Industial Properties from Q2 2010 to Q2 2011 P500

400

Units

300

200

100

0 Q2 2010 Q3 2010 Completions Q4 2010 Starts Q1 2011 Building Plan Approvals Q2 2011

Q2 2010 Completions (units) Starts (units) Building Plan Approvals (units)P = Preliminary Data

Q3 2010 52 200 184

Q4 2010 302 209 293

Q1 2011 42 224 222

Q2 2011P 106 115 433

40 197 288

Secara keseluruhan, prestasi subsektor harta tanah riadah adalah kekal seperti suku kajian yang lepas. Pada akhir suku Q2 2011, terdapat 171,130 bilik yang ditawarkan oleh 2,455 hotel di seluruh negara, peningkatan kecil daripada 170,882 bilik (Q1 2011). Peningkatan kecil ini adalah disebabkan hanya sebuah hotel baru dengan sejumlah 104 bilik memasuki pasaran pada suku kajian. Pada masa yang sama, pertambahan 571 bilik daripada 14 hotel dan penukaran kegunaan dua buah kedai kepada hotel dengan sejumlah 99 bilik telah mengakibatkan peningkatan bilangan bilik hotel. Bilangan bilik hotel meningkat sebanyak 2.7% daripada 166,659 bilik yang ditawarkan oleh 2,398 hotel (QonQ). Sepanjang empat suku yang lalu, jumlah bilangan bilik yang siap dibina adalah sebanyak 1,380 bilik (9 hotel). Bagi penawaran akan datang, bilangan bilik hotel meningkat sedikit kepada 26,624 bilik (105 hotel) berbanding 26,344 bilik (104 hotel) yang direkod pada Q1 2011. Begitu juga, ia mencatatkan peningkatan 4.3% daripada 25,526 bilik (100 hotel) (QonQ). Tiga hotel (384 bilik) mula dibina pada suku kajian berbanding empat hotel (844 bilik) pada Q1 2011. Sepanjang empat suku yang lalu, bilik hotel yang memulakan pembinaan berjumlah 1,613 bilik (10 hotel). Bilangan tertinggi adalah 844 bilik (4

Generally, the performance of the leisure property sub-sector sustained. At the end of Q2 2011, there were 171,130 rooms offered by 2,455 hotels across the country, a marginal increase from 170,882 rooms (Q1 2011). The marginal increase was due to only one new hotel with a total of 104 rooms entered the market in the review quarter. At the same time, the addition of 571 rooms to 14 hotels and the conversion of two shop units to hotels with a total 99 rooms had also resulted in the marginal increase in the number of hotel rooms. The number of hotel rooms increased by 2.7% from 166,659 rooms offered by 2,398 hotels (QonQ). In the past four quarters, the total numbers of hotel rooms completed were 1,380 (9 hotels). In the incoming supply, the number of hotel rooms increased marginally to 26,624 rooms (105 hotels) as against 26,344 rooms (104 hotels) recorded in Q1 2011. Likewise, it recorded an increase of 4.3% from 25,526 rooms (100 hotels) (QonQ). Three hotels (384 rooms) commenced construction in the review quarter as against four hotels (844 rooms) in Q1 2011. In the past four quarters, hotel rooms that commenced construction totalled 1,613 rooms (10 hotels). The highest number was 844 rooms (4

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hotel) yang direkod pada Q1 2011 manakala terendah adalah 84 bilik (1 hotel) pada Q3 2010. Bagi penawaran dirancang bagi bilik hotel, peningkatan daripada 25,692 bilik (111 hotel) kepada 26,144 bilik (112 hotel) dicatatkan. Sebaliknya, penurunan sebanyak 3.3% daripada 26,999 bilik dicatatkan berbanding Q2 2010. Bagi kategori penawaran baru dirancang, suku kajian merekod empat hotel (836 bilik) mendapat kelulusan pelan bangunan berbanding empat hotel (205 bilik) pada suku sebelumnya. Sejumlah 16 hotel (2,272 bilik) memperolehi kelulusan pelan bangunan sepanjang empat suku yang lalu. Permintaan untuk bilik hotel pada suku kajian bertambah baik seperti yang ditunjukkan oleh peningkatan kadar penginapan purata bagi kesemua hotel bertaraf bintang daripada 50.5% (Q1 2011) kepada 52.1%. Sepanjang empat suku yang lalu, kadar penginapan tertinggi direkodkan sebanyak 56.5% (Q3 2010) manakala terendah sebanyak 50.5% pada suku sebelumnya. Begitu juga, hotel 3-5 bintang merekodkan peningkatan kadar penginapan purata daripada 48.9% kepada 49.4% untuk tempoh masa yang sama. Rajah 6 menunjukkan ringkasan kadar purata penginapan dan jumlah kedatangan pelancong dari Q3 2009 hingga Q2 2011P.

hotels) recorded in Q1 2011 whilst the lowest was 84 rooms (1 hotel) in Q3 2010. As for the planned supply of hotel rooms, a marginal increase from 25,692 rooms (111 hotels) to 26,144 rooms (112 hotels) was noted. On the other hand, a decrease of 3.3% from 26,999 rooms was noted against Q2 2010. In the new planned supply category, the review quarter recorded four hotels (836 rooms) obtaining building plan approvals as against four hotels (205 rooms) in the previous quarter. A total of 16 hotels (2,272 rooms) obtained building plan approvals in the past four quarters. Demand for hotel rooms in the review quarter continued to improve as evident by the increase in average occupancy rate for all-star rated hotels from 50.5% (Q1 2011) to 52.1%. For the past four quarters, the highest occupancy was 56.5% (Q3 2010) whilst the lowest was 50.5% recorded in the previous quarter. Likewise, the 3-5 star rated hotels recorded a further increase in average occupancy rate from 48.9% to 49.4% for similar period. Figure 6 shows a summary of average occupancy rates and tourist arrivals from Q3 2009 to Q2 2011P.

Figure 6 Average Occupancy Rates and Tourist Arrivals from Q3 2009 to Q2 2011 P62 60 7 6 5 4 3 2 1 0 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011

Occupancy Rates (%)

58 56 54 52 50 48

Average Occupancy Rates

Number of Tourist Arrivals (000,000)

Q3 2009 Occupancy Rates (%) Number Of Tourist Arrivals (00000)P = Preliminary Data

Q4 2009 53.1 6.69

Q1 2010 55.5 5.87

Q2 2010 53.9 5.89

Q3 2010 56.5 6.56

Q4 2010 52.1 6.27

Q1 2011 50.5 ND

Q2 2011P 52.1 ND

60.3 6.14

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Tourist Arrivals (000,000)

KEDIAMANStok Sedia Ada Stok sedia ada unit kediaman meningkat daripada 4,454,282 unit (Q1 2011) kepada 4,466,062 unit, disumbang oleh 11,780 unit yang siap dibina pada suku kajian. Selangor terus mengekalkan keunggulannya dengan 28.8% daripada jumlah keseluruhan, diikuti Johor, Kuala Lumpur dan Perak, masing-masing sebanyak 15.1%, 9.3% and 8.6%. Mengikut jenis, unit teres mewakili 40.2% (1,797,378 unit) daripada jumlah keseluruhan, yang terdiri daripada rumah teres 2-3 tingkat (948,489 unit) dan rumah teres setingkat (848,889 unit). Dalam tempoh kajian, rumah siap dibina berjumlah 11,780 unit, lebih rendah sebanyak 8.9% daripada suku sebelumnya (12,929 unit). Di seluruh negara, Selangor, Perak, Kuala Lumpur dan Sarawak mendahului dalam unit siap bina, masing-masing menyumbang sebanyak 15.8% (1,860 unit), 14.4% (1,693unit), 12.7% (1,496 unit) dan 12.6% (1,479 unit) daripada jumlah keseluruhan. Tujuh negeri merekod kenaikan manakala tujuh lagi negeri lain mencatat sebaliknya. Terengganu merekodkan peningkatan tertinggi, lebih dari lapan kali ganda daripada 120 unit pada Q1 2011 kepada 992 unit. Perak mengekori dengan peningkatan daripada 491 unit kepada 1,693 unit untuk tempoh yang sama. Selangor dengan jumlah unit siap dibina tertinggi dalam negara, mencatat penurunan sebanyak 23.3% daripada 2,424 unit kepada 1,860 unit. Putrajaya tidak mencatat sebarang unit siap dibina pada suku kajian. Jadual 1 menunjukkan tiga jenis kediaman paling digemari yang siap dibina pada Q2 2011P.

RESIDENTIALExisting Stock Existing residential units increased from 4,454,282 units (Q1 2011) to 4,466,062 units, contributed by the completion of 11,780 units in the review quarter. Selangor continued her dominance with 28.8% of the total, followed by Johor, Kuala Lumpur and Perak, each with 15.1%, 9.3% and 8.6% respectively. By types, terraced units formed 40.2% (1,797,378 units) of the total, comprised predominantly 2-3 storey (948,489 units) and single storey terraced houses (848,889 units). In the review quarter, the completed houses totalled 11,780 units, lower than the previous quarter (12,929 units) by 8.9%. Across the country, Selangor, Perak, Kuala Lumpur and Sarawak led in the completions as evident by their contributions of 15.8% (1,860 units), 14.4% (1,693 units), 12.7% (1,496 units) and 12.6% (1,479 units) to the total respectively. Seven states recorded increases whilst another seven states noted otherwise. Terengganu had the highest increase of more than eight-fold from 120 units in Q1 2011 to 992 units. Perak followed with an increase from 491 units to 1,693 units for similar period. Selangor with the highest number of completions in the country recorded a decrease of 23.3% from 2,424 units to 1,860 units. Putrajaya did not record any completion. The three popular residential types completed in Q2 2011 P are as shown in Table 1.

Table 1 Completed Residential Units by Property Types in Q2 2011P Types 2 - 3 storey terrace Single storey terrace Condominium/ApartmentP = Preliminary Data

Units 2,197 2,885 2,679

% Share of Completed Units 18.7 24.5 22.7

Penawaran Akan Datang Suku kajian mencatat penawaran akan datang unit kediaman yang lebih tinggi ke dalam pasaran. Jumlah keseluruhan meningkat sebanyak 2.4% daripada 547,751 unit (Q1 2011) kepada 560,636 unit. Selangor, Johor dan Negeri Sembilan menguasai penawaran akan datang. Bersama, negeri-negeri

Incoming Supply The review quarter recorded slightly higher incoming supply of residential units into the market. The total number increased by 2.4% from 547,751 units (Q1 2011) to 560,636 units. Selangor, Johor and Negeri Sembilan dominated the incoming supply. Together, these states accounted for 49.2% (275,799 units) of

17 NAPIC

ini menyumbang 49.2% (275,799 unit) daripada keseluruhan penawaran. Mengikut jenis, rumah teres 2-3 tingkat, teres setingkat, dan unit kondominium/ pangsapuri kekal digemari, masing-masing mewakili 19.9% (111,547 unit), 19.1% (107,213 unit) dan 15.4% (86,297 unit). Pasaran mencatat 535,971 unit sedang dibina, peningkatan sebanyak 3.3% daripada 518,755 unit (Q1 2011). Mengikut negeri, Selangor memiliki bilangan tertinggi sebanyak 24.4% (130,704 unit). Mengikut jenis harta, rumah teres 2-3 tingkat menyumbang 19.8% (106,121 unit) kepada jumlah keseluruhan penawaran, diikuti oleh rumah teres setingkat dan kondominium/pangsapuri, masing-masing sebanyak 19.1% (102,581 unit) dan 15.1% (81,008 unit). Bagi kategori mula dibina, 24,665 unit kediaman memulakan pembinaan pada suku kajian. Bilangan ini menunjukkan penurunan sebanyak 15.4% berbanding suku sebelumnya. Di seluruh negara, tujuh negeri merekod peningkatan bagi rumah mula dibina manakala enam negeri yang lain mencatatkan sebaliknya. Selangor menguasai kategori mula dibina dengan mencatat penurunan sebanyak 46.6% daripada 6,436 unit kepada 3,439 unit. Johor, penyumbang kedua tertinggi unit kediaman baru, menurun sebanyak 9.1% daripada 3,765 unit kepada 3,424 unit. Kuala Lumpur, penyumbang ketiga tinggi, merekod peningkatan sebanyak 74.4% daripada 1,857 unit kepada 3,238 unit. Pulau Pinang dan Pahang merekod peningkatan, masing-masing daripada 1,328 unit kepada 2,860 unit dan daripada 886 unit kepada 2,213 unit. Tiada unit mula dibina dicatat di Putrajaya dan Labuan. Jadual 2 menunjukkan bilangan unit kediaman sedang dibina dan mula dibina mengikut jenis harta kediaman yang paling digemari pada Q2 2011P.

total supply. By types, 2-3 storey terraced and single storeyterracedhousestogetherwithcondominium/ apartment units remained popular as represented by 19.9% (111,547 units), 19.1% (107,213 units) and 15.4% (86,297 units) contributions respectively. The market registered 535,971 under construction units, a 3.3% increase from 518,755 units (Q1 2011). By state, Selangor had the highest number at 24.4% (130,704 units). In term of property types, 2-3 storey terraced houses contributed 19.8% (106,121 units) to the total supply, followed by single storey terraced houses and condominium/ apartments at 19.1% (102,581 units) and 15.1% (81,008 units) respectively. In the starts category, 24,665 residential units commenced construction in the review quarter. The number showed a decrease of 15.4% over the previous quarter. Across the country, seven states recorded increases in housing starts whilst another six states recorded otherwise. Selangor which dominated the starts category recorded 46.6% decrease from 6,436 units to 3,439 units. Johor, the second highest contributor of new housing units, had a decrease of 9.1% from 3,765 units to 3,424 units. Kuala Lumpur, the third highest contributor charted increase of 74.4% from 1,857 units to 3,238 units. Pulau Pinang and Pahang recorded increases from 1,328 units to 2,860 units and from 886 units to 2,213 units respectively. No start was recorded in Putrajaya and Labuan. Table 2 shows the number of under construction units and starts by popular residential property types in Q2 2011P.

Table 2 Under Construction Units and Starts by Property Types in Q2 2011P Property Types Single storey terrace 2 - 3 storey terrace Condominium/Apartment Low cost houses Low cost flatsP = Preliminary Data

Under Construction Units 102,581 106,121 81,008 40,174 42,328 % Share 19.1 19.8 15.1 7.5 7.9 Units 4,632 5,426 5,289 1,452 107

Starts % Share 18.8 22.0 21.4 5.9 0.4

NAPIC 18

Penawaran Dirancang Penawaran dirancang unit kediaman adalah pada 665,699 unit, sedikit penurunan daripada 670,999 unit (Q1 2011). Penurunan ini disumbang oleh lebih banyak unit yang memulakan pembinaan berbanding dengan bilangan unit mendapat kelulusan pelan bangunan yang lebih rendah. Johor, Selangor dan Negeri Sembilan, bersama menyumbang 57.8% (384,753 unit) kepada jumlah keseluruhan penawaran. Mengikut jenis harta, unit teres menguasai penawaran dirancang dengan 35.8% (238,359 unit) daripada jumlah keseluruhan negara. Unit ini terdiri daripada rumah teres 2-3 tingkat (123,305 unit) dan rumah teres setingkat (115,054 unit). Suku kajian menyaksikan penawaran baru dirancang yang lebih rendah seperti yang ditunjukkan oleh 33.3% pengurangan dalam kelulusan pelan bangunan bagi unit kediaman iaitu daripada 29,037 unit (Q1 2011) kepada 19,365 unit. Selangor menguasai penawaran baru dirancang dengan sumbangan 23.5% (4,551 unit). Perak dan Pulau Pinang mengikuti, masingmasing dengan 16.2% (3,134 unit) dan 11.2% (2,173 unit). Mengikut jenis, unit teres dan pangsapuri khidmat adalah penyumbang utama, masing-masing sebanyak 44.2% (8,558 unit) dan 20.2% (3,907 unit). Tiga jenis harta tanah kediaman yang digemari di peringkat penawaran baru dirancang pada Q2 2011P ditunjukkan di Jadual 3.

Planned Supply The planned supply of residential units stood at 665,699 units, a marginal decrease from 670,999 units (Q1 2011). This decrease was contributed by more units commencing construction as against lower number of building plan approvals. Johor, Selangor and Negeri Sembilan, collectively contributed 57.8% (384,753 units) to the total supply. By property types, terraced units dominated the planned supply with 35.8% (238,359 units) of the national total. These units consisted of 2-3 storey terraced houses (123,305 units) and single storey terraced houses (115,054 units). The review quarter saw lower new planned supply as evident by a 33.3% reduction in residential units that obtained building plan approvals i.e. from 29,037 units (Q1 2011) to 19,365 units. Selangor dominated the new planned supply category with 23.5% (4,551 units) contribution. Perak and Pulau Pinang followed, each with 16.2% (3,134 units) and 11.2% (2,173 units) respectively. By types, terrace and serviced apartments were the main contributors at 44.2% (8,558 units) and 20.2% (3,907 units) respectively. The three popular residential types of new planned supply in Q2 2011P are as shown in Table 3.

Table 3 Building Plan Approvals of the Three Popular Residential Property Types in Q2 2011P Types Single storey terrace 2 - 3 storey terrace Serviced apartmentP = Preliminary Data

Units 4,326 4,232 3,907

% Share 22.3 21.9 20.2

Rajah 7 menunjukkan sedikit penurunan dalam bilangan unit kediaman siap dibina pada Q2 2011P (11,780 unit) berbanding Q1 2011 (12,929 unit). Semenjak Q1 2008, bilangan unit siap dibina tertinggi ialah pada Q3 2008 (38,210 unit) dan terendah pada suku kajian (11,780 unit). Bagi kategori harta tanah mula dibina, 24,665 unit direkod pada suku kajian, penurunan sebanyak 15.4% berbanding Q1 2011. Kemuncak terakhir pada Q3 2008 (30,208 unit) manakala terendah adalah pada Q4 2009 (17,191 unit). Bagi kategori penawaran baru dirancang, pengurangan ketara sebanyak 33.3% diperhatikan. Bilangan tertinggi semenjak Q1 2008 adalah pada Q3 2008 (30,452 unit) manakala terendah pada Q3 2010 (16,943 unit).

Figure 7 shows a decrease in the number of completed residential units in Q2 2011 P (11,780 units) as compared to Q1 2011 (12,929 units). Since Q1 2008, the highest number of completions was in Q3 2008 (38,210 units) and the lowest was in the review quarter (11,780 units). In the property starts category, 24,665 units were recorded in the review quarter, a decrease of 15.4% against Q1 2011. The last peak was in Q3 2008 (30,208 units) whilst the lowest was in Q4 2009 (17,191 units). In the new planned supply category, a substantial reduction of 33.3% was observed. The highest number recorded since Q1 2008 was in Q3 2008 (30,452 units) whilst the lowest was in Q3 2010 (16,943 units).

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Figure 7Trends of Completions, Starts and Building Plan Approvals for Residential Properties from Q1 2008 to Q2 2011 P50

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Q1 2008Completions (units) Starts (units) Building Plan Approvals (units) P = Preliminary Data34,663 27,339 29,150

Q2 200836,378 29,738 27,794

Q3 200838,210 30,208 30,452

Q4 200825,083 20,727 28,478

Q1 200928,175 22,237 23,655

Q2 200929,003 24,155 20,247

Q3 200922,254 23,160 18,426

Q4 200923,903 17,191 17,955

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Q1 201028,651 19,119 17,690

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Q2 201021,960 19,937 18,644

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Q3 201025,516 20,738 16,943

Q4 201023,739 24,612 27,961

Q1 201112,929 29,169 29,037

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Q2 2011P11,781 24,665 19,365

NAPIC 20

KEDAIStok Sedia Ada Jumlah bilangan kedai meningkat sedikit daripada 367,721 unit (Q1 2011) kepada 369,132 unit. Selangor terus menyumbang bilangan tertinggi sebanyak 20.7% (76,353 unit), diikuti Johor sebanyak 18.3% (67,415 unit) dan Perak sebanyak 11.3% (41,551 unit). Sembilan negeri mencatat kenaikan minimum di antara 0.1% hingga 1.7%. Baki enam negeri mengekalkan bilangan yang sama dicatatkan pada suku sebelumnya. Mengikut jenis, kedai 2-2 tingkat terus menguasai pasaran dengan 44.3% (163,359 unit) dan diikuti oleh kedai 3-3 tingkat sebanyak 21.6% (79,664 unit) daripada jumlah keseluruhan. Dalam tempoh kajian, bilangan kedai siap dibina menurun sebanyak 13.1% daripada 1,701 unit kepada 1,478 unit. Lapan negeri mencatat peningkatan manakala lagi empat negeri mencatatkan sebaliknya. Putrajaya, Labuan, Negeri Sembilan dan Perlis tidak mencatat sebarang unit siap dibina. Kedah dengan bilangan unit siap dibina tertinggi merekod peningkatan sebanyak 65.1% daripada 169 unit kepada 279 unit. Mengikut jenis, kedai 2-2 tingkat dan kedai 3-3 menguasai pasaran, masing-masing sebanyak 44.0% (651 unit) dan 40.5% (599 unit). Tiga jenis kedai siap dibina yang paling digemari pada Q2 2011P ditunjukkan di Jadual 4.

SHOPSExisting Stock The total number of shops increased marginally from 367,721 units (Q1 2011) to 369,132 units. Selangor continued to contribute the highest number at 20.7% (76,353 units), followed by Johor at 18.3% (67,415 units) and Perak at 11.3% (41,551 units). Nine states registered minimal increases ranging from 0.1% to 1.7%. The remaining six states retained the same number recorded in the previous quarter. By types, 2-2 storey shops continued to dominate the market with 44.3% (163,359 units) and followed by 3-3 storey shops at 21.6% (79,664 units) share of total supply. In the review period, the number of shop completions decreased by 13.1% from 1,701 units to 1,478 units. Eight states recorded increases whilst another four states recorded otherwise. Putrajaya, Labuan, Negeri Sembilan and Perlis did not register any completions. Kedah with the highest number of completions recorded an increase 65.1% from 169 units to 279 units. By types, 2-2 storey and 3-3 storey shops dominated the market with 44.0% (651 units) and 40.5% (599 units) respectively. Three popular types of completed shops in Q2 2011P are shown in Table 4.

Table 4 Three Popular Types of Completed Shops in Q2 2011P Types 1 - 1 1/2 storey shop 2 - 2 1/2 storey shop 3 - 3 1/2 storey shopP = Preliminary Data

Units 124 651 599

% Share 8.4 44.0 40.5

Penawaran Akan Datang Begitu juga, penawaran kedai akan datang meningkat sedikit daripada 48,799 unit (Q1 2011) kepada 49,734 unit pada suku kajian. Ini adalah kerana bilangan kedai mula dibina adalah lebih tinggi (2,413 unit) berbanding dengan bilangan kedai siap dibina yang lebih rendah (1,478 unit). Selangor terus mendahului dengan menyumbang sebanyak 25.0% (12,458 unit) kepada jumlah keseluruhan, diikuti Johor sebanyak 17.9% (8,893 unit). Mengikut jenis, kedai 2-2 tingkat merekod bilangan tertinggi sebanyak 23,560 unit (47.4%), diikuti oleh kedai 3-3 tingkat sebanyak 13,270 unit (26.7%).

Incoming Supply Similarly, the incoming supply of shops increased marginally from 48,799 units (Q1 2011) to 49,734 units during the review quarter. This was due to higher number of shops that started construction (2,413 units) as compared to lower number of completions (1,478 units). Selangor continued to lead by contributing 25.0% (12,458 units) to the total, followed by Johor at 17.9% (8,893 units). By types, 2-2 storey shops recorded the highest number at 23,560 units (47.4%), followed by 3-3 storey shops at 13,270 units (26.7%).

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Bilangan kedai dalam pembinaan meningkat sedikit kepada 47,321 unit berbanding 46,343 unit (Q1 2011). Selangor merekod bilangan tertinggi sebanyak 25.4% (12,019 unit) dan diikuti Johor sebanyak 18.1% (8,564 unit). Mengikut jenis, kedai 2-2 tingkat merekodkan bilangan tertinggi sebanyak 47.0% (22,258 unit), diikuti oleh kedai 3-3 tingkat kedai sebanyak 26.9% (12,730 unit) dan kedai 4-4 tingkat sebanyak 7.5% (3,557 unit). Sebaliknya, dalam kategori mula dibina, penurunan daripada 2,456 unit (Q1 2011) kepada 2,413 unit. Tujuh negeri mencatat aliran menaik tetapi bilangannya kekal rendah. Lima negeri lagi mencatat penurunan dalam bilangan kedai yang memulakan pembinaan dalam suku kajian. Selangor mendahului dalam bilangan unit mula dibina dengan 439 unit, diikuti Perak dengan 434 unit dan Johor dengan 329 unit. Tiada unit mula dibina direkodkan di Putrajaya, Labuan, Negeri Sembilan dan Perlis. Mengikut jenis, kedai 2-2 tingkat dengan sumbangan tertinggi bagi unit mula dibina sebanyak 54.0% (1,302 unit), diikuti oleh kedai 3-3 tingkat sebanyak 22.4% (540 unit) dan kedai 4-4 tingkat sebanyak 12.4% (299 unit). Jadual 5 menunjukkan kedai dalam pembinaan dan mula dibina yang paling digemari mengikut jenis pada Q2 2011P

The under construction shops increased slightly to 47,321 units as against 46,343 units (Q1 2011). Selangor recorded the highest number with 25.4% (12,019 units) and followed by Johor at 18.1% (8,564 units). By types, 2-2 storey shops recorded the highest number at 47.0% (22,258 units), followed by 3-3 storey shops at 26.9% (12,730 units) and 4-4 storey shops at 7.5% (3,557 units). On the other hand, in the starts category, a marginal decrease was recorded from 2,456 units (Q1 2011) to 2,413 units. Seven states charted upward trends but the numbers remained low. Five other states registered decreases in the number of shops that commenced construction. Selangor led the construction starts with 439 units, followed by Perak with 434 units and Johor with 329 units. No construction start was recorded in the remaining states of Putrajaya, Labuan, Negeri Sembilan and Perlis. By types, 2-2 storey shops accounted for the highest in property starts with 54.0% (1,302 units) contribution, followed by 3-3 storey shops at 22.4% (540 units) and 4-4 storey shops at 12.4% (299 units). Table 5 shows the most popular under construction units and starts for shops by property types in Q2 2011P.

Table 5 The Under Construction Units and Starts for Shops by Popular Property Types in Q2 2011P Property Types 2 - 2 1/2 storey shop 3 - 3 1/2 storey shop Locked-up ShopP = Preliminary Data

Under Construction Units 22,258 12,730 3,317 % Share 47.0 26.9 7.0 Units 1,302 540 104

Starts % Share 54.0 22.4 4.3

Penawaran Dirancang Begitu juga, penawaran dirancang bagi kedai di seluruh negara meningkat sedikit daripada 59,463 unit (Q1 2011) kepada 60,722 unit. Johor menyumbang 23.7% (14,366 unit) daripada jumlah keseluruhan penawaran, diikuti Negeri Sembilan dan Selangor, masing-masing sebanyak 14.3% (8,695 unit) dan 12.6% (7,664 unit). Mengikut jenis, kedai 2-2 tingkat merekod jumlah tertinggi sebanyak 47.1% (28,571 unit) dan diikuti oleh kedai 3-3 tingkat sebanyak 27.3% (16,590 units).

Planned Supply Similarly, the planned supply of shops in the country increased marginally from 59,463 units (Q1 2011) to 60,722 units. Johor accounted for 23.7% (14,366 units) of the total supply, followed by Negeri Sembilan and Selangor, each at 14.3% (8,695 units) and 12.6% (7,664 units) respectively. By types, 2-2 storey shops recorded the highest number at 47.1% (28,571 units) and followed by 3-3 storey shops at 27.3% (16,590 units).

NAPIC 22

Penawaran baru dirancang meningkat dengan ketara sebanyak 67.2% daripada 2,196 unit (Q1 2011) kepada 3,672 unit. Mengikut negeri, Selangor memiliki bilangan kelulusan pelan bangunan tertinggi (1,054 unit), mewakili 28.7% daripada jumlah keseluruhan negara. Sabah dan Johor mengikuti, masing-masing dengan 564 dan 494 kelulusan pelan bangunan. Jadual 6 menunjukkan bilangan kelulusan pelan bangunan bagi empat jenis kedai yang paling digemari pada Q2 2011P.

The new planned supply increased substantially by 67.2% from 2,196 units (Q1 2011) to 3,672 units. By state, Selangor had the highest number of building plan approvals (1,054 units), representing 28.7% of the national total. Sabah and Johor followed with 564 and 494 building plan approvals respectively. Table 6 shows the number of building plan approvals for four popular types of shops in Q2 2011P.

Table 6 The Number and Percentage Share of Building Plan Approvals for Shops by Popular Property Types in Q1 2011P Types 1 - 1 1/2 storey shop 2 - 2 1/2 storey shop 3 - 3 1/2 storey shop 5 - 5 1/2 storey shopP = Preliminary Data

Units 89 1,456 1,137 195

% Share Of The Building Plan Approvals 2.4 39.7 31.0 5.3

Rajah 8 menunjukkan aliran kedai siap dibina, mula dibina dan mendapat kelulusan pelan bangunan semenjak Q1 2008. Bagi kategori siap dibina, penurunan sebanyak 13.1% kepada 1,478 unit telah dicatatkan pada suku kajian berbanding 1,701 unit direkod Q1 2011. Dalam tempoh ini, bilangan tertinggi kedai siap dibina adalah 3,255 unit (Q3 2008) manakala terendah sebanyak 1,419 unit (Q1 2010). Begitu juga, kategori mula dibina dengan 2,413 unit merekod penurunan sebanyak 1.8% berbanding suku tahun sebelumnya. Bilangan tertinggi kedai yang memulakan pembinaan adalah 3,241 unit (Q2 2008) manakala terendah adalah 926 unit (Q4 2009). Bagi kategori penawaran baru dirancang, 3,672 unit yang direkod pada tempoh kajian mencatat kenaikan ketara sebanyak 67.2% daripada suku tahun sebelumnya. Bilangan unit yang mendapat kelulusan pelan bangunan tertinggi sebanyak 4,020 unit (Q2 2008) manakala terendah sebanyak 1,489 unit (Q4 2009).

Figure 8 shows the trends of completions, starts and building plan approvals for shops since Q1 2008. In the completions category, a decrease of 13.1% to 1,478 units was noted in the review quarter as against 1,701 units recorded in Q1 2011. During the period, the highest number of completed shops was 3,255 units (Q3 2008) whilst the lowest units were 1,419 units (Q1 2010). Similarly, the starts category with 2,413 units, recorded a 1.8% decrease against the previous quarter. The highest number of shops commencing construction was 3,241 units (Q2 2008) whilst the lowest was 926 units (Q4 2009). In the new planned supply, 3,672 units recorded in the review quarter charted a substantial increase of 67.2% from the previous quarter. The highest building plan approvals were 4,020 units (Q2 2008) whilst the lowest was 1,489 units (Q4 2009).

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Figure 8Trends of Completions, Starts and Building Plan Approvals for Shops from Q1 2008 to Q2 2011 P4500 4000 3500 3000

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Q1 2008Completions (units) Starts (units) Building Plan Approvals (units) P = Preliminary Data2,571 2,216 1,821

Q2 20081,982 3,241 4,020

Q3 20083,255 2,093 3,545

Q4 20082,406 2,638 2,866

Q1 20092,758 1,837 1,854

Q2 20092,969 1,501 1,985

Q3 20092,491 1,444 1,673

Q4 20091,970 926 1,489

Q1 20101,419 2,067 1,558

Q2 20102,132 1,407 1,867

Q3 20102,550 2,295 2,313

Q4 20101,919 2,118 2,827

Q1 20111,701 2,456 2,196

Q2 2011P1,478 2,413 3,672

NAPIC 24

KOMPLEKS PERNIAGAANStok Sedia Ada Jumlah ruang niaga yang ditawarkan oleh kompleks perniagaan dalam pasaran meningkat sedikit daripada 10,751,894 m.p. (772 bangunan) pada Q1 2011 kepada 10,776,927 m.p. (776 bangunan). Peningkatan kecil ini disumbangkan oleh hanya 18,120 m.p. ruang (4 bangunan) yang muncul dalam tempoh kajian. Pada suku kajian, sebuah bangunan di Kuala Lumpur dengan jumlah ruang niaga 42,097 m.p. telah menghentikan operasi dan sedang dalam proses pengubahsuaian besar. Selangor menerajui pasaran dengan 23.6% daripada jumlah keseluruhan, diikuti Kuala Lumpur dengan 19.7%, manakala Johor dan Pulau Pinang, masing-masing menyumbang 13.8% dan 12.8%. Permintaan ruang niaga di kompleks perniagaan kekal stabil. Suku kajian mengekalkan purata kadar penghunian purata pada 81.0% yang direkod pada suku sebelumnya. Semua negeri kecuali Putrajaya, Johor, Pulau Pinang, Melaka, Kedah, Terengganu dan Sarawak mencatat penghunian melebihi 80.0%. Suku kajian merekodkan kadar serapan yang lebih rendah daripada 5.8% kepada 0.8%. Aliran menaik dapat dilihat bagi penyerapan ruang baru daripada 60.9% (Q1 2011) kepada 66.1%. Sebaliknya, penyerapan ruang sebelumnya mencatat pengurangan daripada 5.9% (Q1 2011) kepada 0.8%. Begitu juga, kadar ambilan menurun daripada 1.1% (Q1 2011) kepada 0.2%. Bagi kategori siap dibina, empat bangunan dengan jumlah keluasan 18,120 m.p. ruang niaga telah siap dibina dalam suku kajian. Ianya terdiri daripada dua pasaraya besar dan dua arked. Johor dan Negeri Sembilan, masing-masing memiliki sebuah pasaraya besar. Kedua-duanya telah dihuni sepenuhnya. Kelantan dan Perlis, masing-masing memiliki sebuah arked. Pada penghujung suku kajian, kedua-duanya masih kosong. Pusat Perniagaan Jumlah ruang niaga dalam pusat perniagaan meningkat sedikit daripada 7,645,272 m.p. (Q1 2011) kepada 7,652,185 m.p. Tambahan 6,913 m.p. ruang niaga di sebuah bangunan di Sabah telah menyebabkan peningkatan sedikit ini. Tiada bangunan siap dibina direkod dalam suku kajian. Ruang niaga di negeri lain kekal tidak berubah seperti suku sebelumnya. Kuala Lumpur terus menguasai stok sedia ada dengan 21.5% daripada jumlah keseluruhan negara, diikuti Selangor dan Johor, masing-masing sebanyak 19.9% dan 13.5%.

SHOPPING COMPLEXExisting Stock Total retail space offered by shopping complexes in the market increased marginally from 10,751,894 s.m. (772 buildings) in Q1 2011 to 10,776,927 s.m. (776 buildings). This marginal increase was attributed to only 18,120 s.m. (4 buildings) of space that came on-stream. During the review quarter, a building in Kuala Lumpur with a total retail space of 42,097 s.m. ceased operation and is currently undergoing major renovation. Selangor led the market with 23.6% of the total, followed by Kuala Lumpur with 19.7%, whilst Johor and Pulau Pinang, each contributed 13.8% and 12.8% respectively.

The demand for retail space in the shopping complexes sustained. The review quarter retained the average occupancy rate of 81.0% recorded in the previous quarter. All states except Putrajaya, Johor, Pulau Pinang, Melaka, Kedah, Terengganu and Sarawak recorded occupancy of more than 80.0%. The review quarter recorded lower absorption rate from 5.8% to 0.8%. Upward trend was observed for the absorption of new space from 60.9% (Q1 2011) to 66.1%. On the other hand, the absorption for previous space noted a reduction from 5.9% (Q1 2011) to 0.8%. Similarly, the take-up rate decreased from 1.1% from (Q1 2011) to 0.2%. In the completions category, four buildings with a total of 18,120 s.m. of retail space were completed in the review quarter. They comprised two hypermarkets and two arcades. Johor and Negeri Sembilan, each had a hypermarket. Both the hypermarkets were fully occupied. Kelantan and Perlis, each had an arcade. Both buildings were still vacant as at the end of the review quarter. Shopping Centre Total retail space within shopping centres increased marginally from 7,645,272 s.m. (Q1 2011) to 7,652,185 s.m. The addition of 6,913 s.m. of retail space to a building in Sabah had resulted in the marginal increase. No completion was recorded in the review quarter. The retail space in the remaining states remained unchanged as the previous quarter. Kuala Lumpur continued her dominance in the existing stock with 21.5% of the national total, followed by Selangor and Johor, each with 19.9% and 13.5% respectively.

25 NAPIC

Dari sudut permintaan, kadar penghunian purata pusat perniagaan kekal pada 78.2% seperti yang direkod pada suku sebelumnya. Lapan negeri merekod kadar penghunian melebihi 80.0%. Perlis dengan penghunian 99.7%, terus merekod kadar tertinggi dalam negara, diikuti Labuan sebanyak 98.3%. Sementara itu, Terengganu terus mendaftarkan penghunian terendah dalam negara pada 51.9%. Kadar ini adalah sumbangan oleh tiga bangunan yang berterusan merekod kadar penghunian dalam lingkungan antara 4.0% hingga 55.4% sepanjang tiga suku yang lepas, walaupun tiga lagi bangunan telah dihuni sepenuhnya. Arked Perniagaan Jumlah ruang niaga dalam arked perniagaan di dalam negara meningkat sedikit daripada 1,172,865 m.p. (Q1 2011) kepada 1,179,016 m.p. Bagaimanapun, kadar penghunian keseluruhan menurun sedikit daripada 72.3% (Q1 2011) kepada 72.2%. Sabah terus merekod penghunian penuh. Perak mencapai peningkatan daripada 73.9% (Q1 2011) kepada 98.4%. Perlis merupakan satu-satunya negeri yang merekod penurunan daripada 80.7% kepada 74.9%. Bagi kategori siap dibina, dua arked dengan jumlah 6,131 m.p. ruang niaga telah siap dibina dalam suku kajian. Kelantan dan Perlis, masing-masing memiliki satu arked tetapi kedua-duanya masih belum dihuni. Pasaraya Besar Ruang niaga dalam pasaraya besar meningkat sedikit daripada 1,933,757 m.p. yang direkod pada suku sebelumnya kepada 1,945,726 m.p. Bagaimanapun, purata kadar penghunian di seluruh negara kekal sama pada 97.4% yang direkod pada suku sebelumnya. Enam negeri merekod penghunian penuh manakala enam lagi negeri mempunyai penghunian melebihi 89.0%. Empat lagi negeri iaitu Putrajaya, Labuan, Perlis dan Sarawak tidak mendaftarkan sebarang pasaraya besar. Bagi kategori siap dibina, dua pasaraya besar dengan jumlah 11,969 m.p. ruang niaga telah siap dibina dalam suku kajian. Bangunan ini terletak di Johor dan Negeri Sembilan. Kedua-duanya telah dihuni sepenuhnya. Penawaran Akan Datang Pada penghujung Q2 2011, penawaran akan datang ruang niaga meningkat sebanyak 12.5% daripada 1,711,344 m.p. (Q1 2011) kepada 1,926,113 m.p. Kebanyakan ruang ini terletak di Kuala Lumpur (33.0%). Sarawak, Johor, Selangor, Perak, Sabah dan Pulau Pinang, masing-masing menyumbang sebanyak 13.9%, 11.9%, 10.4%, 9.7%, 6.8% dan 5.9% daripada syer ruang keseluruhan.

On the demand side, the average occupancy rate for shopping centres remained at 78.2% as recorded in the previous quarter. Eight states recorded occupancy rates of above 80.0%. Perlis with 99.7% occupancy, continued to record the highest in the country, followed by Labuan at 98.3%. Meanwhile, Terengganu continued to register the lowest occupancy in the country at 51.9%. These were mainly contributed by three buildings which had been continuously recording occupancy rates ranging from 4.0% to 55.4% for the past three quarters, eventhough three other buildings were fully occupied. Shopping Arcade The total retail space in shopping arcades in the country increased marginally from 1,172,865 s.m. (Q1 2011) to 1,179,016 s.m. However, the overall occupancy rate decreased slightly from 72.3% (Q1 2011) to 72.2%. Sabah continued to record full occupancy. Perak achieved substantial improvement from 73.9% (Q1 2011) to 98.4%. Perlis was the only state which recorded a reduction from 80.7% to 74.9%. In the completions category, two arcades with a total of 6,131 s.m. of retail space were completed in the review quarter. Kelantan and Perlis, had an arcade each but both buildings were yet to be occupied. Hypermarket The retail space in hypermarkets increased marginally from 1,933,757 s.m. recorded in the previous quarter to 1,945,726 s.m. However, the average occupancy rate across the country remained the same at 97.4% recorded in the previous quarter. Six states recorded full occupancy whilst another six states had occupancy above 89.0%. The remaining four states namely Putrajaya, Labuan, Perlis and Sarawak did not register any hypermarket. In the completions category, two hypermarkets with a total of 11,969 s.m. of retail space were completed in the review quarter. The buildings were located in Johor and Negeri Sembilan. Both the hypermarkets were fully occupied. Incoming Supply At the end Q2 2011, the incoming supply of retail space increased by 12.5% from 1,711,344 s.m. (Q1 2011) to 1,926,113 s.m. Most of the space was located in Kuala Lumpur (33.0%). Sarawak, Johor, Selangor, Perak, Sabah and Pulau Pinang accounted for another 13.9%, 11.9%, 10.4%, 9.7%, 6.8% and 5.9% shares of the total space respectively.

NAPIC 26

Pasaran mendaftarkan 1,693,224 m.p. ruang dalam pembinaan, peningkatan sedikit daripada 1,667,992 m.p. (Q1 2011). Kuala Lumpur terus merekod ruang dalam pembinaan tertinggi, membentuk 37.5% (635,734 m.p.) daripada keseluruhan negara, diikuti Johor dan Selangor, masing-masing pada 12.5% (211,660 m.p.) dan 11.8% (199,994 m.p.). Empat negeri merekod penurunan bagi kategori dalam pembinaan. Kelantan mencatat penurunan yang tertinggi sebanyak 54.9% daripada 9,586 m.p. (Q1 2011) kepada 4,320 m.p. Perlis dan Negeri Sembilan mengikuti dengan penurunan 11.6% daripada 7,605 m.p. kepada 6,720 m.p. dan 8.2% daripada 48,429 m.p. kepada 44,475 m.p. Johor mempunyai penurunan 3.6% daripada 219,675 m.p. kepada 211,660 m.p. Tiada ruang dalam pembinaan didaftarkan di Labuan dan Terengganu. Lain-lain negeri kekal dengan jumlah ruang direkod pada suku sebelumnya. Ruang niaga yang mula dibina dalam suku kajian meningkat secara mendadak daripada 43,352 m.p. (Q1 2011) kepada 232,889 m.p. Dalam suku kajian, tiga bangunan memulakan pembinaan, Johor, Perak dan Sarawak masing-masing memiliki satu bangunan. Penawaran Dirancang Penawaran dirancang bagi ruang niaga menurun sebanyak 11.0% daripada 1,826,644 m.p. (Q1 2011) kepada 1,626,094 m.p. Ini adalah kerana ruang yang memulakan pembinaan adalah lebih tinggi berbanding ruang mendapat kelulusan pelan bangunan yang lebih rendah dalam suku kajian. Johor dan Kuala Lumpur terus menguasai penawaran dirancang, masingmasing sebanyak 52.2% dan 25.6% daripada jumlah ruang keseluruhan. Enam negeri mencatat perubahan dalam bilangan kelulusan pelan bangunan. Pahang memiliki peningkatan tertinggi sebanyak 36.2% daripada 21,303 m.p. kepada 29,012 m.p. Sabah dan Negeri Sembilan mengikuti dengan kenaikan, masing-masing meningkat 17.1% daripada 25,358 m.p. dan 6.0% daripada 68,826 m.p. kepada 74,029 m.p. Sarawak merekod penurunan tertinggi sebanyak 92.4% daripada 97,545 m.p. kepada 7,432 m.p. Perak dan Johor, masing-masing merekod penurunan sebanyak 90.5% daripada 120,770 m.p. kepada 11,487 m.p. dan 2.0% daripada 865,892 m.p. kepada 848,502 m.p. Lain-lain negeri samada kekal dengan jumlah ruang yang direkod pada suku sebelumnya atau tidak merekod sebarang ruang dalam kategori ini. Sebaliknya, ruang niaga dalam kategori penawaran yang baru dirancang menurun secara mendadak sebanyak 58.6% daripada 78,151 m.p. (Q1 2011) kepada 32,339 m.p. Dalam suku kajian, lima bangunan mendapat kelulusan pelan bangunan, Perak, Negeri Sembilan, Pahang, Sabah dan Sarawak, masingmasing memiliki satu bangunan.

The market registered 1,693,224 s.m. of under construction space, a marginal increase from 1,667,992 s.m. (Q1 2011). Kuala Lumpur continued to record the highest under construction space, accounting for 37.5% (635,734 s.m.) of the national total and followed by Johor and Selangor with 12.5% (211,660 s.m.) and 11.8% (199,994 s.m.) respectively. Four states recorded decreases in the under construction category. Kelantan had the highest decrease of 54.9% from 9,586 s.m. (Q1 2011) to 4,320 s.m. Perlis and Negeri Sembilan followed with decreases of 11.6% from 7,605 s.m. to 6,720 s.m. and 8.2% from 48,429 s.m. to 44,475 s.m. Johor had a reduction of 3.6% from 219,675 s.m. to 211,660 s.m. No under construction space was registered in Labuan and Terengganu. The remaining states retained the total space recorded in the previous quarter. Retail space that started construction during the review quarter increased substantially from 43,352 s.m. (Q1 2011) to 232,889 s.m. In the review quarter, three buildings, one each in Johor, Perak and Sarawak commenced construction. Planned Supply The planned supply of retail space decreased by 11.0% from 1,826,644 s.m. (Q1 2011) to 1,626,094 s.m. This was due to higher space that started construction as against a lower space that obtained building plan approvals during the review quarter. Johor and Kuala Lumpur continued to dominate the planned supply with 52.2% and 25.6% of the total share respectively. Six states noted changes in the number of building plan approvals. Pahang had the highest increase of 36.2% from 21,303 s.m. to 29,012 s.m. Sabah and Negeri Sembilan followed with increases of 17.1% from 25,358 s.m. and 6.0% from 68,826 s.m. to 74,029 s.m. respectively. Sarawak recorded the highest decrease of 92.4% from 97,545 s.m. to 7,432 s.m. Perak and Johor recorded decreases of 90.5% from 120,770 s.m. to 11,487 s.m. and 2.0% from 865,892 s.m. to 848,502 s.m. respectively. The remaining states either retained the same total space recorded in the previous quarter or did not record any space under this category.

On the other hand, retail space in the new planned supply category decreased substantially by 58.6% from 78,151 s.m. (Q1 2011) to 32,339 s.m. In the review quarter, five buildings, one each in Perak, Negeri Sembilan, Pahang, Sabah and Sarawak obtained building plan approvals.

27 NAPIC

Rajah 9 menunjukkan aliran kadar serapan dan kadar ambilan ruang sedia ada di dalam kompleks perniagaan sedia ada bagi 14 suku yang lepas. Kadar serapan menurun daripada 5.8% (Q1 2011) kepada 0.8%. Begitu juga, kadar ambilan menurun daripada 1.1% kepada 0.2%. Kadar serapan dan ambilan tertinggi direkod pada Q3 2008, masing-masing pada 10.3% dan 1.8% manakala terendah adalah pada Q4 2010, masing-masing sebanyak 0.7% dan 0.1%.

Figure 9 shows the trends of absorption and takeup rates of the existing shopping complexes for the past 14 quarters. The absorption rate decreased from 5.8% (Q1 2011) to 0.8%. Likewise, the takeup rate decreased from 1.1% to 0.2% for similar period. The highest absorption and take-up rates were recorded in Q3 2008 at 10.3% and 1.8% respectively whilst the lowest were in Q4 2010 at 0.7% and 0.1% respectively.

Figure 9

Trends of Absorption and Take-Up Rates of Existing Space in Shopping Complexes from Q1 2008 to Q2 2011 P12 10Percentage (%)

8 6 4 2 0Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011

Absorption Rates

Take-up Rates

Q1 2008 Absorption Rates (%) Take-Up Rates (%) 4.3 0.8

Q2 2008 5.0 0.9

Q3 2008 10.3 1.8

Q4 2008 2.5 0.5

Q1 2009 5 0.9

Q2 2009 4.8 0.8

Q3 2009 3.4 0.6

Q4 2009 1.5 0.3

Q1 2010 5.9 1.1

Q2 2010 3.4 0.6

Q3 2010 4.0 0.7

Q4 2010 0.7 0.1

Q1 2011 5.9 1.1

Q2 2011P0.8 0.2

P = Preliminary Data

NAPIC 28

PEJABAT BINAAN KHASStok Sedia Ada Jumlah inventori ruang pejabat daripada bangunan pejabat binaan khas kekal pada 16,913,493 m.p seperti yang direkod pada suku sebelumnya. Begitu juga, kedua-dua bangunan milik swasta dan bangunan milik kerajaan mengekalkan jumlah ruang yang sama seperti yang direkod pada suku sebelumnya, masingmasing sebanyak 12,391,314 m.p. dan 4,522,179 m.p. Kuala Lumpur, Selangor dan Putrajaya, masingmasing menyumbang 41.0%, 13.9% dan 9.9% kepada jumlah ruang pejabat binaan khas. Bagi kategori siap dibina, tiada bangunan yang siap dibina dalam suku kajian. Kadar penghunian purata menurun sedikit daripada 83.4% (Q1 2011) kepada 83.2%. Kadar penghunian bangunan milik swasta adalah 78.8%, menurun sedikit sebanyak 0.3% daripada suku sebelumnya. Sebaliknya, kadar penghunian bangunan milik kerajaan kekal pada 95.3%. Dengan pengecualian bagi Labuan, Selangor, Johor dan Pulau Pinang, lain-lain negeri merekod penghunian yang tinggi melebihi 80.0%. Perlis terus mencapai kadar penghunian tertinggi iaitu 98.5% manakala kadar penghunian terendah iaitu 72.6% telah direkod di Labuan. Kadar ambilan keseluruhan ruang sedia ada menurun daripada 0.5% (Q1 2011) negatif 0.2%. Begitu juga, kadar serapan keseluruhan ruang sedia ada menurun daripada 2.9% (Q1 2011) kepada negatif 1.4%. Begitu juga, kadar serapan ruang sebelumnya, menurun daripada 1.9% kepada 1.4%. Penawaran Akan Datang Penawaran akan datang meningkat sedikit daripada 2,839,332 m.p. kepada 2,840,179 m.p. Ini berikutan hanya 847 m.p. ruang yang mula dibina berbanding tiada ruang siap dibina dalam suku kajian. Kuala Lumpur adalah penyumbang tertinggi kepada penawaran akan datang, mewakili sebanyak 42.4% (1,203,026 m.p.) daripada jumlah keseluruhan negara dan diikuti Selangor dan Putrajaya, masing-masing dengan 16.5% (469,723 m.p.) dan 16.2% (460,392 m.p.). Sebahagian besar penawaran akan datang (2,839,332 m.p.) adalah daripada kategori dalam pembinaan. Kuala Lumpur terus mendahului kategori dalam pembinaan dengan 42.4% (1,203,026 m.p.) daripada keseluruhan syer, diikuti Selangor dan Putrajaya, masing-masing dengan 16.5% (469,723 m.p.) dan 16.2% (460,392 m.p.).

PURPOSE-BUILT OFFICEExisting Stock The total inventory of office space from purposebuiltofficebuildingsremainedat16,913,493s.m.as in the previous quarter. Similarly, both the privatelyowned and public-owned buildings retained the same total space recorded in the previous quarter at 12,391,314 s.m. and 4,522,179 s.m. respectively. Kuala Lumpur, Selangor and Putrajaya contributed 41.0%, 13.9% and 9.9% respectively to the total spaceofpurpose-builtofficebuildings. In the completions category, no building was completed during the review quarter. The average occupancy rate decreased slightly from 83.4% (Q1 2011) to 83.2%. Occupancy rate for privately-owned buildings was 78.8%, a marginal decrease of 0.3% from the last quarter. On the other hand, the occupancy rate for public-owned buildings remained at 95.3%. With the exception of Labuan, Selangor, Johor and Pulau Pinang, the other states recorded high occupancy of above 80.0%. Perlis continued to achieve the highest occupancy of 98.5% whilst the lowest occupancy of 72.6% was recorded in Labuan. The overall take up rate of existing space decreased from 0.5% (Q1 2011) to negative 0.2%. Similarly, the overall absorption rate of existing space decreased from 2.9% (Q1 2011) to negative 1.4%. Likewise, the absorption rate of previous space decreased from 1.9% to negative 1.4%. Incoming Supply The incoming supply increased marginally from 2,839,332 s.m. to 2,840,179 s.m. This was attributed to only 847 s.m. of space that commenced construction as against nil completion in the review quarter. Kuala Lumpur was the highest contributor to the incoming supply as represented by 42.4% (1,203,026 s.m.) of the national total and followed by Selangor and Putrajaya with 16.5% (469,723 s.m.) and 16.2% (460,392 s.m.) respectively. Almost all the incoming supply (2,839,332 s.m.) was from the under construction category. Kuala Lumpur continued to lead in the under construction category with 42.4% (1,203,026 s.m.) of the total share, followed by Selangor and Putrajaya with 16.5% (469,723 s.m.) and 16.2% (460,392 s.m.) respectively.

29 NAPIC

Kategori mula dibina menurun dengan ketara daripada 280,800 m.p. (Q1 2011) kepada 847 m.p. Ruang ini adalah daripada satu bangunan milik swasta di Perlis. Penawaran Dirancang Pada penghujung Q2 2011, penawaran dirancang merekod peningkatan sedikit sebanyak 1.7% kepada 1,622,624 m.p. daripada 1,595,174 m.p. (Q1 2011). Johor merupakan penyumbang utama dengan 36.2% (587,489 m.p.) daripada keseluruhan negara. Kuala Lumpur, Putrajaya dan Pulau Pinang, masing-masing memiliki 29.4% (477,064 m.p.), 11.5% (186,626 m.p.) dan 10.5% (170,155 m.p.). Bagi kategori penawaran baru dirancang, suku kajian mencatat penurunan yang ketara sebanyak 79.0% daripada 135,052 m.p. (Q1 2011) kepada 28,297 m.p. Dalam suku kajian, Kuala Lumpur merupakan satusatunya negeri yqng mempunyai penawaran baru dirancang. Rajah 10 menunjukkan aliran kadar serapan dan ambilan dalam bangunan pejabat binaan khas untuk 14 suku yang lepas. Kadar serapan dan ambilan tertinggi ruang direkod pada Q1 2009, masing-masing sebanyak 8.2% dan 1.2%, manakala kadar terendah direkod pada suku kajian iaitu negatif 1.4% dan negatif 0.2%.

The starts category decreased significantly from 280,800 s.m. (Q1 2011) to 847 s.m. This space was from a privately-owned building in Perlis. Planned Supply At the end of Q2 2011, the planned supply recorded a marginal increase of 1.7% to 1,622,624 s.m. from 1,595,174 s.m. (Q1 2011). Johor was the major contributor with 36.2% (587,489 s.m.) of the national total. Kuala Lumpur, Putrajaya and Pulau Pinang had another 29.4% (477,064 s.m.), 11.5% (186,626 s.m.) and 10.5% (170,155 s.m.) respectively. In the new planned supply category, the review quarter recorded a substantial decrease of 79.0% from 135,052 s.m. (Q1 2011) to 28,297 s.m. In the review quarter, Kuala Lumpur was the only state with new building plan approval. Figure 10 shows the trends of the absorption and take-upratesinthepurpose-builtofficebuildingsin the past 14 quarters. The highest absorption and take-up rates of space were recorded in Q1 2009 at 8.2% and 1.2% respectively, whilst the lowest rates were recorded in the review quarter at negative 1.4% and negative 0.2% respectively.

NAPIC 30

Figure 10Trends of Absorption and Take-Up Rates of Existing Space in Purpose Built Offices from Q1 2008 to Q2 2011 P10

8Percentage (%)

6

4

2

0

-2

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

Q4 2009

Q1 2010

Q2 2010

Q3 2010

Q4 2010

Q1 2011

Q2 2011

Absorption Rates

Take-up Rates

Q1 2008 Absorption Rates (%) Take-Up Rates (%)P = Preliminary Data

Q2 2008 2.7

Q3 2008 2.4

Q4 2008 4.0

Q1 2009 9.3

Q2 2009 4.9

Q3 2009 2.1

Q4 2009 3.8

Q1 2010 5.3

Q2 2010 3.3

Q3 2010 1.7