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Insights: Sabah’s Property Market
Report 2013 by the Ministry of Finance Malaysia
Pergerakan Harga Purata Rumah Teres di Sabah
Average Price Movements of Terraced Houses in Sabah
Pergerakan Harga Purata Pangsapuri di Sabah
Average Price Movements of Apartment in Sabah
(RM ‘000 Seunit Sebulan/Per Unit Per Month)(
RM ‘000 Seunit/Per Unit )
250
350
325
Meanwhile, Taman Teluk Villa was
sold at RM260,000, noted a huge
increase of 17.6%.
In Keningau, similar units in Taman
Luagan was transacted between
RM170,000 and RM190,000 per
unit, up by 7.8%. in Tawau, similar
units in Taman Megah Jaya, Batu
3 recorded gains of 3.3% per unit
almost level to that in Penampang
but average land area lesser than
150 s m. Double storey terraced
houses were also in the upward
trend.
Taman Bukit Sepanggar in Kota
Kinabalu recorded increase of
12.1% and changed hands between
RM510,000 and RM530,000 per
unit with average built-up area
142 s m. Golden Hill Garden
also grew at 5.5% and sold at
T
he Malaysian economy
continued to grow in 2013,
achieving 4.7% despite the
challenges affronting the global
economy. The property market
recorded a decrease in the volume
of transactions but an increase in the
total value.
A total of 381,130 transactions valued
at RM152.37 billion were recorded
against 427,520 transactions worth
RM142.84 billion in 2012, denoting
a drop of 10.9% in volume and
6.7% appreciation in value. Market
moderation cuts across all subsectors of the property market.
The residential sub-sector continued
to spearhead the property market
activities, talking up to 64.6%
share. Housing approvals reduced
substantially by 22.5% compared to
47.4% expansion in 2012.
SABAH
In 2013, the review period recorded
9.116 transactions with a total value
of RM4.71 billion. Against 2012, the
number and value of transaction
noted reductions of 17.4% and
5.8% respectively (2012: 11,043
transactions worth RM5.0 billion).
The residential property market
accounted for 59.1% of the market
26
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share, followed by agricultural
property at 18.6% and commercial
property at 13.0%. Performance
of the sub-sectors was less
encouraging. All sub-sectors recorded
decreases in volume of transactions
between 11.8% and 27.1%. Value
of transactions in the residential,
commercial and development land
sub-sectors move in tandem with
volume whereas industrial and
agricultural sub-sectors recorded
otherwise.
Three landmark sales were noted
in 2013 involving a hotel, a purpose
built office and several estates. Wisma
TWB, a purpose-built office building
at Lorong Dewan, Kota Kinabalu and
Ochard Hotel were transacted in the
year with combined consideration
of RM9.10 million. The estate land
registered 36 transactions whilst two
in Semporna. Tungod, Kota Kinabalu
and Beaufort noted one each. Total
value of estate land transactions was
RM702.39 million.
Prices of residential property were
on the whole stable with increases
noted in established schemes. In the
east coast area, single storey terraced
houses with average land area of
more than 15