asia property market sentiment report 2012

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ASIA PROPERTY MARKET SENTIMENTREPORT 2012

Presented by Shaun Di Gregorio

CEO, iProperty Group20th February 2012



Survey Methodology

Objective To examine consumer sentiments in the

four key markets we serve – Malaysia,Hong Kong, Indonesia and Singapore.

To provide valuable insights to helpconsumers gauge the sentiments of theproperty market

Duration 29 th November 2011 – 17 th January 2012

Sample Size 8,499 survey respondents in total

3,349 survey respondents in Malaysia

1,614 survey respondents in Singapore2,372 survey respondents in Indonesia1,074 survey respondents in Hong Kong

Research Instrument Online survey



THE FINDINGS



The Findings - DemographicsThe findings show that males were more keen in the property market

compared to females.

The 31-35 age group was the largest among survey respondents inIndonesia and Malaysia.

The 30-39 age group was the largest among survey respondents in HongKong, while the 41-50 age group was the largest among Singaporeansurvey respondents.

Respondents were made up largely of executive/managerial andprofessional occupations, mostly with an annual household incomeabove the national average.



THE MALAYSIAN FRONT – A BUYERFRIENDLY ENVIRONMENT



Malaysia – A Buyer Friendly Environment

Just over half (53.4%) of people answering the survey reported an annualhousehold income of MYR 80,000 or less and over 46.6% earning above MYR80,000.



Malaysia – A Buyer Friendly Environment

35.7% considered themselves Property Buyers , while 26.2% identifiedthemselves as Property Owners . Another 19.5% were investors . This can bepartly explained by the low barriers to property ownership and the healthyproperty price growth in the country.

35.70%

26.20%

19.50%

18.60%

Description of Survey Respondents

Property Buyers

Property Owners

Investors

Others



Malaysia – A Buyer Friendly EnvironmentA surprising 41.4% owned two or more properties, a higher proportion thanin any other country.



Malaysia – A Buyer Friendly EnvironmentWith 62.3% of survey respondents intending to buy property within the year , 71.3%

of had a budget under MYR 500,000 . Landed property was the most popular type of property, drawing the interest of 74.5% of survey respondents. Private condominiumsor service apartments drew the interest of 60.4%.



Malaysia – A Buyer Friendly EnvironmentMost Popular Areas in Malaysia in Dec 2011

On the iProperty.comMalaysia website, it canbe seen that the top 4

popular search areas inthe Klang Valley wereBangsar, Puchong,Cheras and Petaling Jaya.



CONSUMERS SENTIMENTS – POSITIVEON THE ECONOMY, CONCERNED OVERRISING HOUSE PRICES.



Consumer Sentiments on the Property Market

The most important issue for concern in the Malaysian property market was that of

rising house prices . However, a significant number of people surveyed also expressedhigh concern about home financing policies and interest rates , as well as errantdevelopers and build quality .




59.5% considered the Malaysian property market to be doing quite well , despitethe threat of a global recession.

Interestingly, 58.6% believed that a property bubble existed in the Malaysianproperty market.




Respondents were almost evenly divided, when asked what housing policies thegovernment should focus on



THOUGHTS ON THE MRT PROJECT



Malaysia – Thoughts on the MRT Project

An overwhelming majority 89.8% expected property prices to rise in

selected locations as a result of this project



THOUGHTS ON THE BUDGET 2012



Malaysia – Thoughts on BUDGET 2012

In November 2011, BankNegara Malaysia imposeda Loan-to-Value ratio of 70% for people buying athird property starting in2012.

60.3% expected thismeasure will moderatespeculative activity in themarket.




With the increase in the Real Property Gains Tax to 10% for the first two years,

5% in the third through the fifth year of disposal, 47.7% expected that it willalso discourage speculation.




62.1% were positive than negative (33.3%) about whether the My First Home

Scheme, designed to assist lower income private sector workers in obtaininghousing loans, would help house buyers to acquire their first home .



MALAYSIANS AND THE OVERSEASMARKET



Malaysians and the Overseas market

17.9% of Malaysians were interested in investing in overseas property with interest

in Australia, Singapore and the United Kingdom. Nearly half cited migration orretirement plans as the reason for buying overseas property.

However, 42.2% of Singaporean surveyrespondents showedinterest in overseasproperty , asignificantly higherpercentage than in anyother countrysurveyed.



Malaysians and the Overseas market

Malaysians were not in a

rush to purchase propertyoverseas. 71.7% of respondents did not plan tobuy for at least another oneyear . In Indonesia, surveyrespondents who planned tobuy overseas property werethe most likely to wait thelongest (2 or more years)compared to the other threecountries surveyed



CONCLUSION



Conclusion

Although recent measures have been taken by BankNegara and the Inland Revenue Board to discouragespeculation, the Malaysian property marketcontinues to be friendly for property buyers.

Malaysian survey respondents are upbeat about theproperty market but at the same time wary of apossible property bubble.

asia property market sentiment report 2012

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