Seven developers give their views on what lie ahead this year
Posted Date: Jan 11, 2011
By: iProperty.com
Sunrise Berhad
Ms Anne Tong, Asst GM, Branding and Community Development
Being rotational, the industry's supply and demand are driven by the market and external forces. Due to Malaysia's strong fundamentals, with strong controls and regulations by the relevant authorities, our land and property prices were mostly unaffected from the recent 2009 financial crisis faced by the world over. Provided that the needs of investors and customers are met, the Malaysian property market outlook in 2011 should remain attractive and will garner a healthy flow of investment options by investors and purchases by property owners, both local and foreign.
Sunway City Berhad
Mr Ho Hon Sang, MD, Property Development Division, Malaysia
2010 was indeed a good year due to the return of market confidence and easy payment schemes by developers. We remain optimistic of the market outlook for 2011. Moreover, we do not think that Malaysia will experience a property bubble due to the limited supply of land in prime areas and availability of liquidity at the banks and institutions such as the Employees’ Provident Fund (EPF). While the 70% cap on LVR will affect the property market, we do not foresee it to have an adverse impact. We believe buyers will continue to search for quality properties as they remain a safe and solid asset class. The latest round of quantitative easing by the US will see some funds inflow to this part of the world.
NAZA TTDI Sdn Bhd
Mr Bernard Yong, Senior Manager, Marketing
As long as the macroeconomic conditions remain favourable, I foresee that the demand for quality residences and offices in the Klang Valley to continue growing unabated. A lot will hinge on the execution of the government’s GTP, ETP and Greater KL Transformation plans.
Sunsuria Group
Mr Simon Kwan, Director, Business Development
We think the outlook will be very positive with potentially high hopes.
Mah Sing Group Bhd
Tan Sri Dato’ Sri Leong Hoy Kum, Group Chief Executive and Group MD
The property market has done well in 2010 and we foresee that the demand for properties with good concepts in strategic locations will be sustained in 2011. The conducive interest rate environment, healthy employment market and the fact that property investments have proven to be a reliable asset class will continue to sustain and drive this sector.
Malaysia’s healthy economic performance and domestic initiatives such as Budget 2011 high impact projects that include the Mass Rapid Transit, the Greater Kuala Lumpur/Klang Valley and other infrastructure projects should continue to drive the market.
Azea Property Investment
Ms Tan Yang Poh, CEO
Baring any major surprises like war breaking out in the Korean peninsula, this year’s property outlook remains positive. It’s good that the US and Europe are still recovering, so there is a lot of liquidity that is flowing into Asia looking for good investments. Additionally, the strong growth of the economy that Asia is experiencing will continue to create demand for properties. One of the key driving economic forces in Asia now is China. With its growth rate, the smaller distressed countries in Europe will not have a major impact in Asia.
So we are optimistic that after a short correction with the recent government announcement to curb property price increases and with the holiday season, the market will recover and continue its growth this year.
Crest Builder Holdings Berhad
Mr Eric Yong, Executive Director
For 2011, I see plenty of consolidations, privatizations, M &As and so on. I wonder if property giants S P Setia Bhd, who shares a similar majority shareholder in PNB – would merge with other listed property players whom PNB has large stakes in.
Of course there is a mega project to be looked at ie. the RM40 billion MRT. I think there would be no one company that is strong enough to raise that amount of money to construct the MRT under the Private Finance Initiative method. Is this a possible likelihood? We shall wait and see.
Some New Launches Planned for 2011
Sunrise Berhad.
Ms Anne Tong, Asst. GM, Branding and Community Development
Parallel with the company's direction in moving towards Stage 3 Growth which signifies Sunrise focus on developing multi-products at multi locations, 2011 will see new launches such as Menara Solaris located off Jalan Sultan Ismail, Kuala Lumpur; MK20 serviced-condominium in Mont' Kiara; a gated residential development at The Mines; Phase 2 of Quintet Canada mixed-use development in Richmond, Canada and a mixed-used development in Bukit Jelutong, Shah Alam, a joint venture with Sime Darby Property Berhad.
Sunway City Berhad
Mr Ho Hon Sang, MD, Property Development Division, Malaysia
Our expected launches for 2011 include Sunway Velocity, a vibrant integrated development in KL; Sunway South Quay in Bandar Sunway comprising of condominiums, commercial precincts; Sunway Merica and Sunway Cassia residential properties in Penang; Sunway Nexis, a mixed commercial development in Dataran Sunway; MontBleu residential properties in Ipoh and many other exciting projects which we will duly announce later.
NAZA TTDI Sdn Bhd
Mr Bernard Yong, Senior Manager, Marketing
Our expected launches for 2011 are as follows:
Dualis TTDI Puchong – Cluster Shop Offices
Dualis Residences, Equine Park Seri Kembangan – Condominiums
TTDI Adina – Serviced Apartments and Office Suites in Seksyen 13, Shah Alam
Alam Impian – more phases to be launched
TTDI Grove – a township in Kajang
Platinum Park – 2 residential blocks
Sunsuria Group
Mr Simon Kwan, Director, Business Development
In 2011, we will launch:
Mont Kiara (SOHO)
Bukit Jelutong (SOHO & Retail Offices)
The Core 2
7th Avenue 2
Bungalows & Apartments, Shah Alam
Nusajaya project (at Afiat Healthpark, beside Columbia Asia Hospital)
Azea Property Investment
Ms Tan Yang Poh, CEO
We will roll out details of the Azea development in Danga Bay.
Mah Sing Group Bhd
Tan Sri Dato’ Sri Leong Hoy Kum, Group Chief Executive and Group MD
Our 2011 launches are as follows:
