Property Hunter Magazine Property Hunter Magazine Issue 54 - May 2014 | Page 59

PER CAPITA INCOME STATISTICS GDP per Capita at current prices State 2009 2010 2011 2012 RM RM RM RM Kuala Lumpur 57,040 62,075 68,072 73,931 Sarawak 31,286 34,136 39,324 Penang 30,098 33,601 35,188 Selangor 28,468 31,457 Malacca 25,397 28,328 N. Sembilan 25,595 Pahang State by state population in 2012 2012 % on Malaysia population GDP @ const prices The table below indicates the growth of the Malaysian demographics projected 30 years from now (values are expressed by ,000). 2012 % RM Billion 1,768680 5.90 114,106 40,414 2,601000 8.68 71,874 37,006 1,664640 5.56 52,530 33,727 36,135 5,826240 19.44 176,239 31,093 33,550 832,320 2.78 21,953 28,586 31,295 32,511 1,040400 3.47 27,717 20,548 23,008 26,066 26,197 1,560600 5.21 30,750 Johor 18,878 21,329 23,593 24,574 3,537360 11.81 68,791 Terengganu 19,102 20,581 22,220 22,733 1,144440 3.82 19,627 Perak 15,809 17,341 19,362 20,569 2,496960 8.33 39,627 Sabah 15,515 17,118 19,038 19,010 3,537360 11.81 44,434 Perlis 15,186 16,175 16,992 18,119 208,080 0.69 3,535 Kedah 12,481 13,744 15,388 15,814 2,080800 6.94 25,307 Kelantan 8,421 9,322 10,366 10,617 1,664640 5.56 13,461 • 2012 PER CAPITA INCOME STATISTICS GDP 2012 @ const prices GDP 2012 per Capita at current prices 2012 Yearly Monthly 35% of monthly income = Loan repayment RM Billion State State by state (est) population in 2012 It is clearly visible that the greatest increment is going to happen for the third age group (50 years and above) mostly because of the “extended” life expectation. This phenomenon will substantially increase the demand of affordable houses in the market and propel for another good 8 or more years the Property Industry. Few are the decision factors that will contribute to change the current “die die must buy landed” into a more open mind toward high rise: RM RM Affordable house value (30 yrs loan @ BLR-2.3 4.4%) Per capita Per household RM RM RM Kuala Lumpur 1,718680 114,106 73.931 6,161 2,156.32 480,000 720,000 Sarawak 2,501000 71,874 40,414 3.368 1,178.74 260,000 1,654640 52,530 37,006 3,084 1,079.34 240,000 360,000 Selangor 5,626240 176,239 36,135 3,011 1,053.94 240,000 360,000 Malacca 832,320 21,953 33,550 2,796 978.54 220,000 330,000 N. Sembilan 1,040400 27,717 32,511 2,709 948.24 220,000 330,000 Pahang 1,560600 30,750 26,197 2,183 764.08 165,000 247,500 Johor 3,337360 68,791 24,574 2,048 716.74 160,000 240,000 Terengganu 1,144440 19,627 22,733 1,894 663.05 145,000 217,500 Perak 2,396960 39,627 20,569 1,714 599.93 135,000 202,500 Sabah 3,437360 44,434 19,010 1,584 554.46 125,000 187,500 Perlis 208,080 3,535 18,119 1,510 528.47 120,000 180,000 Kedah 2,080800 25,307 15,814 1,318 461.24 105,000 157,500 Kelantan 1,654640 13,461 10,617 885 309.66 70,000 • 390,000 Penang • The first will be played by the future purchasers, today’s Gen Y, who are more and more looking for high-rise building as this will allow them to live not too far away from the working place and are …. very much trendy. High-rise, even though high density, really don’t mind as it is more in line with a “Smart City” / “Green City” concept that most of the Gen Y are liking so much (it really makes sense by the way). Dual-key concept, recently launched in the market is helping in push more and more buyers towards high-rise buildings as they look into this new concept as a nice way to guest the “old folks” with you but in an independent and “private” way. 105,000 www.PropertyHunter.com.my 59