/// Contributor
Ishmael Ho
Director, Ho Chin Soon
Research
Ishmael Ho attained his LLB from the
UK. Backed by his legal background, he
entered the property industry from the
legal angle. His widening involvement
in the property industry includes
joining an estate agency firm as well as
being part of the research house in a
development company before joining
Ho Chin Soon Research.
East Malaysia Growth
Corridors: KK and the Rest
H
ow many of us really operate based on information as oppose to gut-feel and instinct. Part of my
public presentation I would usually ask my audience to rank these 3 states in terms of the best
performer to the weakest in terms of Residential property capital appreciation within the last
13 years. How would you rank Melaka, Selangor and Perak? Now take a moment to mentally rank them
from first to third. If your ranking is Selangor, Melaka and then Perak, you have just answered the way
every single crowd of mine answers. A quick check to the department of Valuation and Property Services
(Jabatan Penilaian dan Perkhidmatan Harta) will show you that the best performing state between the 3
is actually Perak. Followed by a close second would be Selangor while Melaka lags behind. In this article, I
want to cut out the noise, go straight to facts and data to formulate analysis of growth patterns for ease
Malaysia.
When we compare say Sabah and Sarawak in terms of real estate prices, Sabah is ahead in terms of
capital appreciation. And when we zoom in to compare between Kota Kinabalu and Kuching we again see
the disparity in terms of price movements.
While the author makes reasonable
efforts to present information which
he believes to be reliable, the author
makes no representation that the
information or opinions contained in
this article is accurate and complete.
Readers are advised to seek specific
professional advice before acting on
the views.
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One of the reasons why Kota Kinabalu is superior to Kuching can be seen from “air connectivity”. When we
look at direct flights using the Air Asia and Malaysian Airlines websites we would see that Kota Kinabalu
has roughly double the number of direct flights to foreign cities than Kuching. Existing data for example
gives 18 Air Asia direct flights from Kota Kinabalu compared to 9 direct flights from Kuching. For Malaysian
Airlines it is 12 direct routes for Kota Kinabalu and 8 for Kuching.