Property Hunter Magazine Property Hunter Magazine Issue 52 - March 2014

/// Hot Topic samples recording y-o-y growth of more than 6%. The average gross yield for 2-storey terraced houses rose 0.19% y-o-y, from 4.09% in 3Q2012 to 4.28% in 3Q2013. However, q-o-q, rents slowed by 0.02%. For 1-storey terraced houses, even though there was no significant growth q-o-q, growth in rents averaged 14.76% y-o-y — 9.76% higher compared with the same period last year. The best performer was Taman Sri Kepayan with 18.18% growth y-o-y (up RM200 from RM1,100 per month). This was followed by Taman Nelly and Taman Tuan Huat with a 15% and 11% increase, respectively. The average gross yield registered for 1-storey terraced houses rose 0.19% y-o-y, from 4.82% in 3Q2012 to 5.02% in 3Q2013. For condominiums, the average rental growth was 9.66% y-o-y and 1.62% q-o-q. The average gross yield for condominiums in 3Q2013 was 5.06% — a marginal decline of 0.07% from 3Q2012. KOTA KINABALU capital values (1Q2008 - 3Q2013 ) Selected 2-storey terraced development scheme CAPITAL VALUE (RM’OCQ/UNIT) 1Q08 270 200 Taman Indah Permai 330 y g Luyang Perdana Taman Jindo 235 Taman Sri Borneo 290 g 250 Millenium Height Golden Hill Garden 390 1Q09 280 210 350 260 310 260 450 1Q10 2Q10 3Q10 300 300 300 240 245 250 380 400 400 290 300 300 320 320 320 270 280 280 500 520 520 4Q10 300 260 400 300 330 290 530 1Q11 2Q11 3Q11 300 300 325 260 270 275 410 410 420 300 315 325 330 350 355 290 320 320 530 550 550 4Q11 330 290 430 325 360 330 550 1Q12 2Q12 3Q12 345 350 360 290 290 300 450 450 450 340 345 350 380 385 390 335 350 360 550 555 560 4Q12 365 300 450 360 390 360 565 1Q13 2Q13 3Q13 370 390 395 310 330 335 455 470 470 370 390 390 400 410 410 370 380 380 570 580 580 4Q10 200 220 260 1Q11 2Q11 3Q11 200 200 205 220 230 230 260 270 270 4Q11 205 230 275 1Q12 2Q12 3Q12 205 210 220 240 250 250 275 280 280 4Q12 220 260 280 1Q13 2Q13 3Q13 230 240 240 270 290 295 290 290 290 4Q10 400 450 335 340 275 280 350 430 1Q11 2Q11 3Q11 400 410 410 450 450 450 335 335 340 340 360 360 275 275 280 280 280 285 350 360 370 440 440 440 4Q11 410 450 360 380 300 300 390 450 1Q12 2Q12 3Q12 440 440 450 460 480 480 380 380 390 385 400 400 300 300 310 300 310 310 395 400 400 460 480 485 4Q12 460 490 400 400 315 330 400 500 1Q13 2Q13 3Q13 480 490 490 500 500 500 410 420 420 420 440 440 330 330 335 330 330 345 410 420 420 510 520 520 4Q10 4 900 850 1,200 1,100 1,100 1,200 1,500 1Q11 1Q11 900 850 1,200 1,100 1,100 1,200 1,500 4Q11 900 850 1,500 1,300 1,400 1,400 1,800 1Q12 1Q12 900 850 1,500 1,300 1,400 1,400 1,800 3Q12 3Q12 1,000 900 1,600 1,300 1,400 1,450 1,800 4Q12 1,000 900 1,600 1,300 1,400 1,450 1,900 1Q13 1,100 1,000 1,600 1,400 1,400 1,500 1,950 4Q10 800 950 1,000 1Q11 2Q11 3Q11 4Q11 800 850 850 900 950 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1Q12 2Q12 3Q12 900 900 900 1,000 1,100 1,100 1,000 1,000 1,000 4Q12 950 1,100 1,050 1Q13 2Q13 3Q13 950 950 1,000 1,150 1,300 1,300 1,100 1,150 1,150 4Q10 1.73 1.92 1.22 NA 1.21 1.48 1.62 2.10 1Q11 2Q11 3Q11 1.87 1.93 1.93 1.92 1.92 1.92 1.22 1.22 1.22 NA NA NA 1.21 1.31 1.31 1.48 1.48 1.48 1.69 1.69 1.69 2.20 2.30 2.30 1Q12 2Q12 3Q12 1.93 2.00 2.00 1.92 2.00 2.00 1.22 1.28 1.28 1.55 1.55 1.55 1.52 1.52 1.52 1.48 1.48 1.48 1.69 1.69 1.69 2.30 2.30 2.30 4Q12 2.00 2.00 1.28 1.55 1.62 1.48 1.69 2.30 1Q13 2Q13 3Q13 2.07 2.07 2.10 2.15 2.15 2.19 1.33 1.33 1.36 1.73 1.77 1.82 1.62 1.62 1.67 1.48 1.48 1.48 1.69 1.77 1.77 2.40 2.15 2.19 Selected 1-storey terraced development scheme CAPITAL VALUE (RM’OCQ/UNIT) 1Q08 Taman Tun Huat 170 p y Taman Sri Kepayan 180 y Taman Nelly Ph 9 190 1Q09 170 185 210 1Q10 2Q10 3Q10 185 190 190 220 220 220 230 250 260 Selected condominium development scheme CAPITAL VALUE (RM PSF/UNIT) 1Q08 Jesselton Condominium NA Marina Court 355 y Bayshare Condominium 290 Alam Damai NA 1 Borneo Condominium 210 q Likas Square 230 Radiant Tower 260 The Peak Condominium 280 1Q09 325 340 310 NA 270 235 300 300 1Q10 2Q10 3Q10 380 400 400 440 440 435 335 335 335 390 310 340 270 270 270 240 250 280 330 350 350 400 430 430 OUTLOOK According to Sulaiman, slower Sulaiman expects prices for 2-storey terraced houses in KK to continue to perform well, albeit at a slower pace than the previous quarters due to the narrowing of the price gap between the primary and secondary markets. Older houses in the outskirts will continue to appreciate. “Due to the higher prices for 2-storey terraced houses , we anticipate further price appreciation for 1-storey houses, especially for older houses in Inanam, Luyang and Putatan,” Sintia says. He points out that as most of the new developments comprise 2-storey units, the supply of 1-storey houses is limited. This is evident from the asking prices in the outskirts, where prices have risen more than 40% compared with five years ago. For example, a 2-storey terraced house in Bandar Sierra was priced at around RM250,000 in 2008. A similar house in the area was sold recently at around RM380,000 — an increase of 52% within five years, equivalent to an average rise of 10.4% per annum. According to Sulaiman, developments north and south of KK will continue to be targeted by genuine and firsttime buyers due to their affordability. Areas to watch out for include Putatan, Lok Kawi, Kinarut, Menggatal, Inanam and Tuaran, says Sintia. Both Sintia and Sulaiman believe prices should continue to move positively as there is still a price gap between the primary and secondary markets. Condominiums in the vicinity of Likas, Damai and Signal Hill are expected to remain popular with young professional buyers looking for smaller units at affordable prices within the city area. Overall, the upward trend in house prices in KK is anticipated to continue but at a slower pace, especially within the city area, says Sintia. 42 www.PropertyHunter.com.my KOTA KINABALU rents (1Q2008 - 3Q2013 ) Selected 2-storey terraced development scheme RENT (RM’PER UNIT/MONTH) Taman Indah Permai Luyang Perdana y g Taman Jindo Taman Sri Borneo Millenium Height g Golden Hill Garden 1Q08 650 700 1,000 800 850 900 1,400 1Q09 1Q09 800 750 1,100 850 1,000 1,000 1,500 1Q10 900 850 1,200 1,100 1,100 1,200 1,500 2Q10 2 900 850 1,200 1,100 1,100 1,200 1,500 3Q10 900 850 1,200 1,100 1,100 1,200 1,500 2Q11 2Q11 900 850 1,400 1,200 1,300 1,300 1,700 3Q11 3Q11 900 850 1,400 1,200 1,300 1,300 1,700 2Q12 1,000 900 1,600 1,300 1,400 1,450 1,800 2Q13 1,200 1,100 1,600 1,500 1,500 1,550 2,000 3Q13 1,200 1,100 1,700 1,500 1,500 1,550 2,000 Selected 1-storey terraced development scheme RENT (RM’PER UNIT/MONTH) Taman Tun Huat Taman Sri Kepayan p y Taman Nelly Ph 9 y 1Q08 750 850 800 1Q09 700 900 900 1Q10 2Q10 3Q10 800 800 800 950 950 950 1,000 1,000 1,000 Selected condominium development scheme RENT (RM’PSF/MONTH) Jesselton Condominium Marina Court Bayshare Condominium y Alam Damai 1 Borneo Condominium q Likas Square Radiant Tower The Peak Condominium 1Q08 NA 1.69 1.06 NA 1.01 1.26 1.46 1.80 1Q09 1.67 1.85 1.06 NA 1.21 1.41 1.54 2.00 1Q10 2Q10 3Q10 1.73 1.73 1.73 1.92 1.92 1.92 1.22 1.22 1.22 NA NA NA 1.21 1.21 1.21 1.48 1.48 1.48 1.62 1.62 1.62 2.10 2.10 2.10 4Q11 1.93 1.92 1.22 1.55 1.52 1.48 1.69 2.30 Note: Prices shown are averaged and based on transacted deals. Rents shown are averaged and based on asking rentals deserved for unfurnished unit. Relevanr adjustments have been made where necessary KOTA KINABALU yields (1Q2008 - 3Q2013 ) Selected 2-storey terraced development schemes (%) Taman Indah Permai y g Luyang Perdana Taman Jindo Taman Sri Borneo Millenium Height g Golden Hill Garden 1Q08 2.89 4.20 3.64 4.09 3.52 4.32 4.31 1Q09 3.43 4.29 3.77 3.92 3.87 4.62 4.00 1Q10 2Q10 3Q10 3.60 3.60 3.60 4.25 4.16 4.08 3.79 3.60 3.60 4.55 4.40 4.40 4.13 4.13 4.13 5.33 5.14 5.14 3.60 3.46 3.46 4Q10 3.60 3.92 3.60 4.40 4.00 4.97 3.40 1Q11 2Q11 3Q11 3.60 3.60 3.32 3.92 3.78 3.71 3.51 4.10 4.00 4.40 4.65 4.43 4.00 4.46 4.39 4.97 4.88 4.88 3.40 3.71 3.71 4Q11 3.27 3.52 4.19 4.80 4.67 5.09 3.93 1Q12 2Q12 3Q12 3.13 3.43 3.33 3.52 3.72 3.60 4.00 4.27 4.27 4.59 4.52 4.46 4.42 4.36 4.31 5.01 4.97 4.83 3.39 3.89 3.86 4Q12 3.29 3.60 4.27 4.33 4.31 4.83 4.04 1Q13 2Q13 3Q13 3.57 3.69 3.65 3.87 4.00 3.94 4.22 4.34 4.34 4.54 4.62 4.62 4.20 4.39 4.39 4.86 4.89 4.89 4.11 4.14 4.14 4Q10 4.80 5.18 4.62 1Q11 2Q11 3Q11 4.80 5.10 4.98 5.18 5.22 5.22 4.62 4.44 4.44 4Q11 5.27 5.22 4.36 1Q12 2Q12 3Q12 5.27 5.14 4.91 5.00 5.28 5.28 4.36 4.29 4.29 4Q12 5.18 5.08 4.71 1Q13 2Q13 3Q13 4.96 5.00 5.00 5.11 5.38 5.29 4.55 4.76 4.76 4Q10 5.20 5.13 4.38 NA 5.29 6.35 5.54 5.86 1Q11 2Q11 3Q11 5.60 5.66 5.66 5.13 5.13 5.13 4.38 4.38 4.31 NA NA NA 5.29 5.73 5.63 6.35 6.35 6.24 5.80 5.64 5.49 6.00 6.27 6.27 4Q11 5.66 5.13 4.07 NA 6.06 5.93 5.21 6.13 1Q12 2Q12 3Q12 5.27 5.45 5.33 5.02 5.00 5.00 3.86 4.04 3.93 4.82 4.64 4.64 6.06 6.06 5.87 5.93 5.73 5.73 5.14 5.08 5.08 6.00 5.75 5.69 4Q12 5.22 4.90 3.83 4.64 6.16 5.39 5.08 5.52 1Q13 2Q13 3Q13 5.17 5.06 5.14 5.17 5.17 5.26 3.90 3.81 3.89 4.94 4.83 4.96 5.88 5.88 5.97 5.39 5.39 5.15 4.95 5.05 5.05 5.65 4.97 5.06 Selected 1-storey terraced development schemes (%) Taman Tun Huat Taman Sri Kepayan p y Taman Nelly Ph 9 y 1Q08 5.29 5.67 5.09 1Q09 4.94 5.84 5.14 1Q10 2Q10 3Q10 5.19 5.05 5.05 5.18 5.18 5.18 5.22 4.80 4.62 Selected condominium development schemes (%) Jesselton Condominium Marina Court Bayshare Condominium Alam Damai 1 Borneo Condominium Likas Square q Radiant Tower The Peak Condominium 1Q08 NA 5.72 4.37 NA 5.77 6.57 6.75 7.71 1Q09 6.15 6.52 4.09 NA 5.39 7.19 6.15 8.00 1Q10 2Q10 3Q10 5.47 5.20 5.20 5.24 5.24 5.31 4.38 4.38 4.38 NA NA NA 5.39 5.39 5.39 7.41 7.11 6.35 5.87 5.54 5.54 6.30 5.86 5.86

Property Hunter Magazine Property Hunter Magazine Issue 52 - March 2014 | Page 42