Everything you ever Wanted to Know about Florida Property Tax Exemptions.pdf
Comfori 1 commercial properties jan 22 23-2014 for uploading
1. “Malaysian Economy: Performance 2013 and Outlook 2014”
How Economic Performance Affects
the Commercial Property Market:
New Key Trends and Drivers to a Sustainable Market ”
“Today we shouldn’t look at tomorrow but
at a tomorrow that is 10 years from today”
REI Group of Companies - Presentation by Dr. Daniele Gambero
“Connecting the …… dots between economy, demographic trends and current-new property hotspots”
2. …………What we do
-
CONSULTANCY
Strategic Marketing
Property Market Surveys
Property Market Reporting
Property Market Analysis
Branding
Creative
Gambero Property Market Intelligence (Gambero PMI)
- access updated information & data on both Regional
& Local economic indicators
- latest information on future
market trends in property
development
- insights on developers
information, new forthcoming
hotspots and proposed
infrastructures
3.
4. AGENDA
Globalization and the Malaysian Economic Performance
Malaysian Demographics now and future
Market Sustainability: Where it Comes From?
Strategically Sustainable Location
Commercial Property: past and present drivers
2014, is it the end or a new beginning?
6. Malaysian Economic and Property Market Performance:
2013 -2014 Outlook ……. Are we in the bricks?
7. GLOBAL & MALAYSIAN ECONOMY - FACT FILE
USA
EU
JAPAN
AUSTRALIA
UK
MALAYSIA
2.10%
-0.90%
0.90%
0.55%
0.63%
4.70%
101.60%
90.60%
218%
21%
92%
54.80%
Gov deficit as % of GDP
-8.50%
-3.7%
-9.2%
-3.1%
-6.3%
-4%
Balance of current acc
-440 USD Bil
25.9 USD Bil
60 USD Bil
-57 USD Bil
Inflation
1.5%
1.10%
1.10%
2.20%
2.70%
2.50%
Unemployment
7.20%
12%
4.10%
5.60%
7.70%
3.10%
Business confidence
56
-1
12
12
7
115.2
consumer confidence
73
-14
45.2
108
-18
125.3
GDP Growth
Gov debt as % of GDP
-93.5 USD Bil 18.6 USD Bil
11. MALAYSIAN MIGRATION FLOWS - FACT FILE
Malaysian Migration Flow Rural to Urban Areas
22,000,000.00
21,000,000.00
20,000,000.00
19,000,000.00
18,000,000.00
17,000,000.00
16,000,000.00
15,000,000.00
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
MALAYSIAN FLOW
Source: World Bank Statistics
2012: 72.5% of the Malaysian population lives in urban areas
2012: 21,000,000 Malaysians live in urban areas 3.5% growth every year
12. MALAYSIAN WEALTH DISTRIBUTION - FACT FILE
FEW CONSIDERATION ON MALAYSIANS WEALTH:
Malaysian average per capita income (2012) – Source IMF
USD10,304 per year = RM3,200 (per month)
Malaysian Wealth Distribution
Lowest 20%
Share 5% of Malaysian wealth
Highest 20%
Share 40% of Malaysian wealth
=
Median 60% share 55%
18,000,000
13. MALAYSIAN WEALTH DISTRIBUTION - FACT FILE
FEW CONSIDERATION ON MALAYSIANS WEALTH:
PER CAPITA INCOME STATISTICS
State
GDP per Capita at current prices
State by 2012 % on
GDP @
state
Malaysia const prices
Population Population
2012
in 2012
RM Billion
%
2009
2010
2011
2012
RM
RM
RM
RM
Kuala Lumpur
57,040
62,075
68,072
73,931
1,768,680
5.90%
114,106
Sarawak
31,286
34,136
39,324
40,414
2,601,000
8.68%
71,874
Pulau Pinang
30,098
33,601
35,188
37,006
1,664,640
5.56%
52,530
Selangor
28,468
31,457
33,727
36,135
5,826,240
19.44%
176,239
Malacca
25,397
28,328
31,093
33,550
832,320
2.78%
21,953
Negeri Sembilan
25,595
28,586
31,295
32,511
1,040,400
3.47%
27,717
14. MALAYSIAN WEALTH DISTRIBUTION - FACT FILE
FEW CONSIDERATION ON MALAYSIANS WEALTH:
PER CAPITA INCOME STATISTICS
State
GDP per Capita at current prices
State by 2012 % on
GDP @
state
Malaysia const prices
Population Population
2012
in 2012
RM Billion
%
2009
2010
2011
2012
RM
RM
RM
RM
Pahang
Kuala Lumpur
20,548
57,040
23,008
62,075
26,066
68,072
26,197
73,931
1,560,600
1,768,680
5.21%
5.90%
30,750
114,106
Johor
18,878
21,329
23,593
24,574
3,537,360
11.81%
68,791
Terengganu
19,102
20,581
22,220
22,733
1,144,440
3.82%
19,627
Perak
15,809
17,341
19,362
20,569
2,496,960
5,826,240
19.44%
176,239
Sabah
15,515
17,118
19,038
19,010
3,537,360
11.81%
44,434
Malacca
25,397
28,328
31,093
33,550
832,320
2.78%
21,953
Perlis
15,186
16,175
16,992
18,119
208,080
0.69%
3,535
Negeri Sembilan
25,595
28,586
31,295
32,511
1,040,400
3.47%
27,717
Kedah
12,481
13,744
15,388
15,814
2,080,800
6.94%
25,307
8,421
9,322
10,366
10,617
1,664,640
5.56%
13,461
Sarawak
Pulau Pinang
Selangor
Kelantan
31,286
30,098
28,468
34,136
33,601
31,457
39,324
35,188
33,727
40,414
37,006
36,135
2,601,000
1,664,640
8.68%
5.56%
8.33%
71,874
52,530
39,627
15. HOUSING EXISTING STOCK AND FUTURE SUPPLY
EXISTING STOCK AND HOUSE SUPPLY TILL 2020
STATE
SUPPLY OF
LANDED TILL
2020
SUPPLY OF
NEED/OVERSUPPLY
SUPPLY OF LOW LOW COST ON
TOTAL HOUSES POPULATION BY
HIGH RISE TILL
OF HOUSES BY
COST TILL 2020 POPULATION %
SUPPLY BY 2020
2020
2020
2020
KUALA LUMPUR
113,005
156,915
8.39%
251,854
521,774
1,870,000
101,559
SELANGOR
833,155
491,584
7.83%
342,154
1,666,893
6,279,686
426,336
JOHOR
652,827
260,616
5.79%
87,968
1,001,411
4,499,432
498,400
PENANG
204,903
214,780
13.15%
63,728
483,411
1,633,703
61,157
MALACCA
138,607
50,244
5.49%
18,979
207,830
914,506
97,005
NEGERI SEMBILAN
265,638
90,725
7.11%
47,461
403,824
1,276,244
21,591
PAHANG
230,251
69,856
4.17%
17,862
317,969
1,674,660
240,251
PERAK
383,460
95,873
3.84%
12,909
492,242
2,494,237
339,170
PERLIS
19,804
9,294
3.82%
1,602
30,700
243,400
30,150
KELANTAN
67,511
12,722
0.83%
4,189
84,422
1,533,613
426,782
TERENGGANU
91,254
43,173
4.13%
1,026
135,453
1,045,864
213,168
KEDAH
247,710
115,217
5.92%
3,173
366,100
1,947,472
283,057
SABAH
98,335
62,930
1.83%
41,618
202,883
3,443,107
485,738
189,640
51,915
2.04%
14,893
256,448
2,543,759
252,304
3,536,100
1,725,844
5.50%
909,416
6,171,360
31,399,685
3,476,669
SARAWAK
GRAND TOTAL FOR
MALAYSIA
16. MALAYSIAN PROPERTY MARKET SUSTAINABILITY
How House Price Index and Per Capita income index are strictly correlated,
what is this comparison showing?
House - Income trend
House price index
Income statistics
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
100.0 101.1 103.5 107.5 112.4 115.0 117.2 123.1 128.6 130.5 138.8 151.2 167.2 178.4
213.0 232.1 238.2 244.2 250.0 260.8 271.5 282.2 294.6 307.0 330.0 352.9 375.8
House price index growth 2000 – 2012 = +67%
Median income growth 2000 – 2012 = +175%
17. MALAYSIAN PROPERTY MARKET SUSTAINABILITY
How House Price Index and Per Capita income index are strictly correlated,
what is this comparison showing?
House - Income trend
House price index
Income statistics
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
100.0 101.1 103.5 107.5 112.4 115.0 117.2 123.1 128.6 130.5 138.8 151.2 167.2 178.4
213.0 232.1 238.2 244.2 250.0 260.8 271.5 282.2 294.6 307.0 330.0 352.9 375.8
Median income +175%
House price index +67%
19. MALAYSIAN BUDGET 2014 - SUSTAINABILITY
STRENGTHENING ECONOMIC RESILIENCE
ACCELERATING TRANSFORMATION
Today we shouldn’t look at tomorrow but
at a tomorrow that is 10 years from today
21. MALAYSIAN BUDGET 2014
PROPERTY MARKET SUSTAINABILITY
RPGT: HOW IT WORKS?
THIS IS WHY RPGT WILL NOT AFFECT THE PROPERTY MARKET BUT
ONLY PENALIZE UNSCRUPULOUS SPECULATORS.
Year 1
Year 2
Year 3
Year 4
Under
construction
Under
construction
Under
construction
Delivery
Vacant Poss.
RPGT @
30%
RPGT @
30%
RPGT @
30%
RPGT @
20%
CURRENT LOCK-IN PERIOD IMPOSED BY BANKS
ON CONVENTIONAL FINANCING
Year 5
Year 6
RPGT @
15%
RPGT @
0%
ACTUAL HOLDING PERIOD
CAN SELL
WITH NO TAX
22. MALAYSIAN BUDGET 2014
PROPERTY MARKET SUSTAINABILITY
MINIMUM PURCHASING VALUE FOR FOREIGNERS RAISED TO
RM1,000,000.00
-
Properties priced RM900,000 and below will be not at all affected by this new
regulation.
-
The only properties which values might be pushed up by developers to attract
possible foreigner purchasers are the ones priced RM900/950,000 and above
-
In Iskandar Malaysia, considered to be the hottest Property Market in Malaysia
for foreigners, less than 8% of the transactions in 2013 have been actually done
by foreigner purchasers.
24. MALAYSIAN BUDGET 2014 – “The Aftermath”
EFFECT OF THIS MOVE
House prices will re-adjust in the short term
to more real-actual
Values!
25. MALAYSIAN BUDGET 2014 – “The Aftermath”
EFFECT OF THIS MOVE
House prices will re-adjust in the short term
EXPECTED VALUES ADJUSTMENT
to more real-actual
+2%
Values!
to max
-5 to 6%
27. MALAYSIAN PROPERTY MARKET SUSTAINABILITY
Penang: the 8th destination
worldwide to retire.
Ipoh: retirement homes
and health tourism
Kota Baru: the Northern Educational
Hub with 15 Local and International
Universities already working to
establish a northern campus
Kuantan: the new commercial port, the
already committed investment from
Chinese, European and American
Multinational Corporation
Klang Valley: the Northern,
Southern and Western
Corridor and the Megaprojects
Iskandar Malaysia: the most Strategically
Sustainable Location in the region (SEA)
29. KL – GREATER KL – KLANG VALLEY … AND BEYOND
Klang Valley 1990
Klang Valley 2012
30. KL – GREATER KL – KLANG VALLEY … AND BEYOND
Klang Valley view from 130 km
Hong Kong view from 130 km
Klang Valley: 7,800,000 population
Hong Kong: 7,200,000 population
Just a consideration on how Greater KL should evolve…
31. KL – GREATER KL – KLANG VALLEY … AND BEYOND
Klang Valley view from 130 km
Hong Kong view from 130 km
Klang Valley: 7,800,000 population
Hong Kong: 7,200,000 population
Just a consideration on how Greater KL should evolve…
43. KLANG VALLEY AND THE SOUTHERN CORRIDOR
Datum Bangi I
Bangi1& 2
Bangi1& 2 by
DATUM BANGI I
RM1.5 billion, 17-storey
hotel, service apartments &
convention hall, and
3 storeys of retail mall &
office suites.
75,000 square meters of
Gross Floor Area (GFA).
Datum Bangi II
DATUM BANGI II
2 towers service apartment,
convention centre.
Retail and office complex.
44. KLANG VALLEY AND THE SOUTHERN CORRIDOR
New office tower, hotel & service
apartment by PKNS
Block B
Block A
53. KLANG VALLEY AND THE SOUTHERN CORRIDOR
SACC
RM2.5 billion GDV, 31.5 acre urban
regeneration in Shah Alam City Centre.
Garden City concept with Islamic
architecture & Biophilic features for
sustainable living.
57. KL – GREATER KL – KLANG VALLEY … AND BEYOND
KL METROPOLIS
WARISAN MERDEKA
Bukit Bintang City
Centre – Ex Pudu Jail
KL Central
TRX
KL Eco City
City of Malaysia
58. KL – GREATER KL – KLANG VALLEY … AND BEYOND
NEW KLANG VALLEY GROWTH AREAS
PROJECTS
LOCATION
SIZE (ha)
SIZE (acres)
Bangsar South City
KUALA LUMPUR
24.00
59.30
Platinum Park KLCC
KUALA LUMPUR
3.70
9.14
SHAH ALAM
72.80
179.89
KL Sentral
KUALA LUMPUR
29.00
71.66
Datum Jelatek
KUALA LUMPUR
2.40
5.93
MPHB's Golden Triangle Develp.
KUALA LUMPUR
n.a.
Bukit Jelutong Commercial Centre
Damansara Avenue
n.a.
SELANGOR
19.00
46.95
KL City Centre Redevelop. Kg Baru
KUALA LUMPUR
152.00
375.59
Bukit Bintang City Centre
KUALA LUMPUR
8.60
21.25
Bangsar/KL Eco City
KUALA LUMPUR
9.70
23.97
Pekeliling Tamansari Riverside Garden City
KUALA LUMPUR
22.00
54.36
TRX
KUALA LUMPUR
34.00
84.01
Merdeka Park City
KUALA LUMPUR
n.a.
City of Malaysia - Sg Besi
KUALA LUMPUR
162.00
Jln Cochrane-Jln Peel Development Cheras
KUALA LUMPUR
n.a.
n.a.
KL Media City - Kerinchi/Pantai Dalam
KUALA LUMPUR
n.a.
n.a.
Sungai Buloh Urban Development - RRIM
KUALA LUMPUR
1,370.00
3,385.27
Bukit Jalil Green City
KUALA LUMPUR
24.00
59.30
Bukit Jalil Link 2
KUALA LUMPUR
21.00
51.89
Kesas new Shopping Mall Sri Petaling
KUALA LUMPUR
19.90
49.17
Naza KL Metropolis
KUALA LUMPUR
3.00
7.41
SELANGOR
4.80
11.86
1,981.90
4,897.27
PJ Sentral Garden
TOTAL
n.a.
400.30
60. GREATER KL, KLANG VALLEY AND
THE FUTURE OF COMMERCIAL PROPERTIES
OFFICE OCCUPANCY RATES IN MALAYSIA
PERLIS
TERENGGANU
KELANTAN
PERAK
SARAWAK
KEDAH
NG. SEMBILAN
SABAH
PAHANG
SELANGOR
MALAYSIA
PENANG
MALACCA
KL
JOHOR
70%
75%
80%
85%
90%
95%
100%
61. GREATER KL, KLANG VALLEY AND
THE FUTURE OF COMMERCIAL PROPERTIES
COMPARISON BETWEEN: DEMAND-SUPPLY-ACTUAL OCCUPANCY
67. THE 2020 INVESTMENT PLAN
What and why…..
pre-check your financing
capabilities....
Choose the area and
product
68. THE 2020 INVESTMENT PLAN
What and why…..
….. all on one and …..
Pray God that it will go right!
Multiple choice =
Risk management
and
Possible higher return
