Landed Residential Development Launches
Name of Development Developer Location Property Type
Total units GDV
Taman Ganang Phase 2 Wawasan Development Sdn Bhd Kepayan Terrace 64 RM48 Mil
Prestige Residence Palmspan Sdn Bhd Menggatal Terrace 48 RM29 Mil
Taman Casa Ria Spurwin Development Sdn Bhd Tuaran Terrace 54 RM21 Mil
Taman Limbai Ria Phase 2 Legacy Group Development Sdn Bhd Tuaran Terrace 76 RM30 Mil
Berungis Villa North Bridge Engineering Sdn Bhd Tuaran Terrace 14 RM6 Mil
Taman Sinar Jaya 2A-4 Sinaland Sdn Bhd Tuaran Terrace 41 RM15 Mil
Vision Garden Sri Moraine Sdn Bhd Penampang Terrace 52 RM29 Mil
Villa Mutiara Nadi Properties Development Sdn Bhd Menggatal Townhouse 136 RM50 Mil
Bukit Damaisari SCP Group Menggatal Terrace 204 RM103 Mil
Park Residence Phase 2 & 3 DF Development Sdn Bhd Penampang Terrace/Semi-D 83 N/A
Year
2016
2017
Source: Knight Frank Research, SHAREDA
The residential sector has constantly been showed that the Malaysian Price Index volume versus the negative HPI shows that
a dominant sub-sector in Sabah, according (HPI) for 3Q2016 stood at 245.1 points while the while there is still lively activity in the
to Knight Frank Research it is approximately 4Q2016 was 243.3 points, a drop of 0.7% market, prices have depressed due to a
57% of the total volume of transactions and between the two quarters. perceived slowdown of the market.
in 2016. Sabah’s residential segment saw a A slight dip in property price was experienced Alexel Chen, Resident Director of Sabah
pickup when comparing 1H2016 to 2H2016. across the board for the country between Branch, Knight Frank Malaysia agrees that
Volume of sales increased approximately 3Q2016 and 4Q2016 with only Johor (0.9%), the market will need some time to recuperate
40%, at 2,335 transactions as opposed to Negeri Sembilan (0.9%) and Terengganu and find its form. He believes that the
1,667 transactions for the first half of the (1.8%) recording growth. Sabah’s HPI slow market activity in Kota Kinabalu will
year. Value of transactions went in tandem dropped 1.4% while neighbouring Sarawak continue, adding, “With many developments
with the increase of volume, increasing from dropped 1.9%, validating the soft outlook in the pipeline, particularly high-rise
RM558.88 million to RM748.92 million, an carrying over into 2017. This is the first residential projects set to be completed in
increase of about 34%. Although volume time since 3Q2008 that the country’s HPI the near future, the large impending supply
increased, data from the Valuation and experienced a quarterly drop, up till now the will present tenants with a wide range of
Property Services Department (NAPIC) index has consistently reflected an uptrend. choices which will depress potential rental
Property Market Report 2016 however, The correlation between an increase in returns for landlords.”
around 37% of the total value of transactions
Kota Kinabalu Existing Supply of Residential Property by Type (2016)
Single Storey Terrace, 5,180 units
2-3 Storey Terrace, 13,932
Single Storey Semi Detached, 1,360 units
2-3 Storey Semi Detached, 3,822 units
Detach, 1,159 units
Condominium/Apartment, 20,317 units
Others, 13,579 units
Source: Knight Frank Research, NAPIC
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