REHDA: Developers more optimistic about outlook for property industry in 1H22 | The Edge Markets

Property developers in Peninsular Malaysia, which reported a reduced number of property

launches and sales in 1H21, are pessimistic on the market and the industry for 2H21, but

optimistic on prospects for 1H22, according to the Real Estate and Housing Developers’

Association Malaysia (Rehda) Property Industry Survey 1H21 and Market Outlook 2H21 and

1H22. A total of 15,076 units are planned to be launched in 2H21, of which 9,319 are strata

residential units and 5,549 landed residential units. A total of 89% of survey respondents with

future launches expect their sales performance for the first six months to be 50% or below.

Terengganu, Perak, Kedah, Perlis, and Negri Sembilan plan to launch residential units within the

RM250,001-RM500,000 price range, while Selangor, Kuala Lumpur and Penang are launching

residential units in the RM500,001-RM700,000 bracket.

The survey indicated that a total of 11,601 units were launched in 1H21, of which 98.5% (11,422

units) were residential. This was an 8.21% decline from 12,640 units in 2H20, of which 12,628

were residential. Total sales performance contracted 39% in 1H21 with 4,540 units of property

sold (comprising 4,405 residential units), compared to 45% in 2H20 with 5,742 units sold

(comprising 5,736 residential units). In 1H21, 82% out of 180 respondents reported that they

have less than 30% of unsold residential units, with 43% of those units priced between

RM250,001 and RM700,000 compared with 51% in 2H20. A total of 58% of respondents

reported that they have unsold completed residential units over the last one to three years, with

the top three reasons being end-financing loan rejection, unreleased bumiputra units and

mismatched pricing.

Respondents with the increased cost of doing business have risen to 72% from 51% in 2H20.

They reported a 17% increase in the overall cost of operations. Similarly, respondents who were

‘highly and severely affected’ have increased to 55% in 1H21 compared to 42% in 2H20.

Material and labour cost topped the list of factors affecting developers’ cash flow within the

period under review, followed by compliance cost and financing cost.

REHDA: Developers more optimistic about outlook for property industry in 1H22 | The Edge Markets

Pangkor hotels record 78% in occupancy rate, more tourists arrivals expected in Perak, says exco member | The Star

Hotels in Pangkor have recorded a 78% occupancy rate, making it the highest number of rooms

booked in the Perak State since the reopening of State borders. This was followed by Taiping

and Ipoh with 56% and 50% occupancy rates, respectively. Other areas like Manjung, Tapah,

Tanjung Malim and Kuala Kangsar have recorded about 46% occupancy rate.

Pangkor hotels record 78% in occupancy rate, more tourists arrivals expected in Perak, says exco member | The Star

Classic Scenic buys industrial land, factory in Perak for RM12.5 million | The Edge Markets

Classic Scenic Bhd’s wholly-owned subsidiary Finesse Moulding (M) Sdn Bhd has acquired a

519,627 sq. ft. industrial land and a factory erected upon it in Bidor, Perak from VE Surpass

Frame (M) Sdn Bhd for a total of RM12.5 million.

Classic Scenic buys industrial land, factory in Perak for RM12.5 million | The Edge Markets

Kelantan to develop Malaysia's first IBS industrial park | The Edge Markets

Kelantan will be the first State in Malaysia to develop an Industrial Building System (IBS)

industrial park, which will serve as a one-stop reference centre to increase the capacity and

capabilities of industrial buildings, especially on the East Coast. Slated for completion in two

years, the IBS industrial park is an initiative under the IBS excellence programme in Kelantan

and will be developed on a 200 acres plot in Sungai Bagan, Machang, which had been donated

by the Kelantan State Government.

Kelantan to develop Malaysia's first IBS industrial park | The Edge Markets

Ageson sells land in Perak to Chinese company for RM278 million

Ageson Holdings Sdn Bhd has entered into a sale and development agreement with China’s

ZheJiang GuoRong Digital Economy Group Ltd to dispose of 168 acres of land in Batang

Padang, Perak, for RM278 million. The plot is part of a larger mixed development comprising

475 acres of land, which comprises of government agencies and administration units, industrial,

commercial and residential development components.

Ageson sells land in Perak to Chinese company for RM278 million

RM220 million bridge linking Selangor and Perak ready in May 2025

To be built from January 2022 and slated for completion in May 2025, a 2.04 kilometres bridge

with an allocation of RM220 million will be built across Sungai Bernam to link to Sungai Air

Tawar, Selangor and Pekan Hutan Melintang, Perak. The project will shorten travel from 40

minutes to 10 minutes using normal routes and will be a catalyst for local economic growth.

RM220 million bridge linking Selangor and Perak ready in May 2025

WCT secures development rights over Sabah land to undertake mixed development | The Edge Markets

WCT Holdings Bhd's unit has secured the sole development rights over 411-acres of land in

total at Lok Kawi in Sabah's Putatan district. WCT stated that its indirect 80%-owned subsidiary,

WCT Perkasa Sdn Bhd, has entered into a deal with Yayasan Sabah for the option to acquire

development rights over the land which comprises several parcels. A mixed development project

will be undertaken on the land in phases.

WCT secures development rights over Sabah land to undertake mixed development | The Edge Markets