iproperty.com malaysia 2013 property sentiment survey results & analysis - pdf report

ASIA PROPERTY MARKET SENTIMENT REPORT (H1) 2013

Presented by Shaun Di Gregorio

CEO, iProperty Group

5th February 2013

http://www.iproperty.com.my/

Survey Methodology Objective To examine consumer sentiments in the

four key markets we serve – Malaysia, Indonesia, Hong Kong and Singapore. To provide valuable insights to help consumers gauge the sentiments of the property market

Duration 3rd December 2012 – 4th January 2013

Sample Size 17,303 survey respondents in total 8,048 survey respondents in Malaysia 6,117 survey respondents in Indonesia 1,039 survey respondents in Hong Kong 2,099 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 MALAYSIAN FRONT – TREADING CAREFULLY WHILE ADOPTING A ‘WAIT-AND-OBSERVE’ STANCE


WHO ARE OUR RESPONDENTS

60% Male & 40% Female

48% aged between 26 – 35 years old 36% of respondents

reported being in executive/managerial

positions. 22% were professionals. 10% are self employed

44% earn between RM 30,001 – RM 80,000

31% - Property Buyers 29% - Property Owners 17% - Investors 10% - Tenants

Google/Yahoo & Etc

Newspapers/magazines



49% own a terrace house 47% own private condominiums 16% own Flat/Walk-up Apartments

80% are in the Klang Valley 9% are in Northern Malaysia 8% are in Southern Malaysia 3% are in East Malaysia

36% own at least one property 41% own between two or more properties



• Property price is too high

• Cannot find suitable property

• Cannot get a loan/afford the property

• 52% want to purchase within the next 6 to 12 months

• 27% within 1 to 2 years • 4% is not interested.



57% interested in Terrace Houses 55% interested in Private Condominium/serviced apartments 31% interested in Semi-Detached houses

15% interested in shop offices

14% interested in Bungalows


1. Petaling Jaya 2. Puchong 3. Ara Damansara


81% want to buy property in the

Klang Valley



• 33% - Long-term investment (build/accumulate asset)

• 28% - Better environment for the family

• 18% - Collect rental income



34% have a budget between RM 350,000 to RM 500,000 33% have a budget up to RM 350,000



Eligibility for Housing schemes/programmes

Rental Yield Facilities

Location

Recommendations

Size

Capital Appreciation

Property Status

Price

Developer Track Record

Security

Political & Economic Climate

Financing


OVERSEAS MARKET – LACK OF APPETITE BUT AUSTRALIA IS PREFERRED DESTINATION


OVERSEAS PROPERTY MARKET


SENTIMENTS – CONCERNS OF AFFORDABILITY


SENTIMENTS – AFFORDABILITY

69% affordability

and rising house

prices. Close to 90%

rated the current property prices as

unaffordable.

13% are concerned about

economic and political uncertainties.

However, 51% say that the current

economic and political climate is conducive to property investment.

11% concerned

about home financing policies and interest rates

7% are

concerned errant developers and

build quality


SENTIMENTS – AFFORDABILITY

65% believe that the allocation of

RM100 million to revive 30 abandoned

housing projects will not resolve the issue of abandoned housing projects in the country.


SENTIMENTS ON BUDGET 2013


SENTIMENTS – BUDGET 2013

49% were favorable on the abolishment of the additional requirements for a savings

record equivalent to 3 months installment and minimum employment of

6 months.



64% believe that that allocation of Rm1.9 million to

build 123,000 affordable housing units will not meet the need of low-to-

middle income earners.



Divided responses on the improvements made to

the My First Home Scheme.

32% think that it will help more people buy their own homes while

32% think that more should be done



44% believed that the increase in

the Real Property Gains Tax (RPGT) will be increased from 10% to 15%

for properties sold within the first 2 years, while properties sold from the

third to fifth year will be increased

from 5% to 10% will not curb speculation while 39% believed that it will help.



69% agree that the proposed

stamp duty exemption on the instrument of transfer and loan

agreements will be helpful to first time home

buyers.


CONCLUSION - WHAT THE DATA IS TELLING US?


WHAT THE DATA IS TELLING US

Young Malaysians aged from 26 – 35 years old are looking into

purchasing their first home or looking into property as a form of investment and they look to websites to search for property news and information.



The results suggest that respondents are not property speculators or heavy investors.



Half of Malaysians surveyed

answered that property prices are too high, while 16% answered that

they cannot find a suitable property.



The residential property market in Malaysia is expected to remain stable in 2013.



The findings revealed that 33% of respondents view property as a long-term investment to

augment their personal assets.



34% of respondents indicated that their budget is RM350,001 to RM500,000.

Purchasing a home of more than MYR400,000 (based on a 30-year repayment period) in matured or burgeoning areas may

not be a viable option for respondents with annual household income of less than MYR60,000.



49% of respondents are not considering investing in overseas property,

while the remaining respondents are either not interested or

undecided. This is not surprising as respondents might be unfamiliar with local regulations.



69% of respondents are calling for more affordable housing.



Young middle-class Malaysians who responded to the survey

might feel priced out of the property market.



THE END

THANK YOU

http://www.iproperty.com.my




iproperty.com malaysia 2013 property sentiment survey results & analysis - pdf report

Documents