Malaysian Properties Still Going Strong in Singapore

Iskandar properties favoured. RM 48 million transacted overall. Singaporeans make up 90% of buyers.

Kuala Lumpur, August 5, 2013 – Motivated by cooling measures recently introduced by the Singaporean government, Singaporeans continue to view properties across the Causeway favourably, especially in the key locations of the Iskandar region, Johor and traditional hotspots such as Kuala Lumpur.

The PropertyGuru Malaysia Property Show (MPS) in Singapore, held on July 13-14, saw over 2155 Singaporean visitors with over RM30.1 million transacted from more than 30 units sold.

This was followed suit by the inaugural Malaysia Property Show in Johor (MPS JB) held the subsequent weekend on July 27-28, which saw over 1349 visitors transacting a total of RM18.3 million in sales from over 20 units sold.

“A total of RM 48.4 million in sales was transacted in just two weekends as a result of our Malaysia Property Shows in Singapore and Johor. This is a telling sign that Malaysia properties are still highly sought after,” said Gerard Kho, Country Manager, PropertyGuru Malaysia.

“Reception for the first Malaysia Property Showcase in Johor was especially positive as it was the first time visitors were able to visit the actual showroom gallery or the site of the property before purchasing. Shuttle buses were provided from the event venue and pick up was also available from Singapore to Johor,” mentioned Kho.

Among factors fuelling demand are higher property prices in Singapore, existing cooling measures and most recently, the introduction of a new Total Debt Servicing Ratio (TDSR) that requires Singaporean loan providers to take borrowers' other outstanding debts into account before granting property loans.

“The momentum for Malaysian properties among Singaporeans remains strong. What’s interesting is that we notice a growing interest in Iskandar Malaysia.

“This shows that Singaporeans are well aware of the developments occurring in Johor and believe in the future prospects of the area.

“It also appears that KL and Penang are now competing with Iskandar Malaysia for the overseas property investor dollar,” shared Steve Melhuish, Co-Founder and Chief Executive Officer of PropertyGuru Group.
Statistics from the MPS show an almost equal number of sales transactions for both landed and high-rise residential units.

“With space being a premium in Singapore, it makes perfect sense for Singaporeans to choose Iskandar Malaysia when looking for more spacious condos or even landed properties.  However, we need to look beyond just transaction numbers.

“There are key insights and buying trends happening that are indicative of the bigger property landscape and how Malaysia and Singapore are connected via the Iskandar region,” added Melhuish.

Receiving strong support from Malaysian property developers, both MPS saw participating developers including leading names such as UM Land, UEM Land, Country Garden, OSK Property, Tropicana Danga Cove and Tropicana Danga Bay, KIP Group, Land & General Berhad, HCK Capital Group, Tanah Sutera, Mah Sing, Zhuoyuan Iskandar and Bandar Utama Development Berhad .

“The event has given us a head start on the potential buyer’s needs and expectations. 200 potential buyers have since registered their interest for the Medini Lakeside development by UM Land in Iskandar, Johor,” said Hiew, Deputy General Manager of UM Land.

The Malaysia Property Shows are part of PropertyGuru's monthly international event platform which showcases properties from cities across Asia, leveraging on the popularity of online property search and actual on-ground investments to enable property investors to make smarter property decision faster.

马来西亚房地产仍受新加坡人欢迎,依斯干达房地产为首选
两个周末完成4800万令吉交易，90%买家为新加坡人

（吉隆坡2013年8月5日讯）在新加坡政府最近实施的房地产降温措施推动下，新加坡人继续积极往长堤对岸寻找房地产，尤其是柔佛依斯干达特区的首要地点，以及传统热门地点如吉隆坡。

于7月13至14日在新加坡举办的PropertyGuru房地产展，吸引超过2155名新加坡人参观，成交量超过3010万令吉，售出超过30个单位。

主办单位在这个展览后的下个周末，也就是7月27至28日，于柔佛举办首届马来西亚房地产展，吸引超过1349参观者，交易量高达1830万令吉，售出超过20个单位。

马来西亚PropertyGuru国家经理许毅（Gerard Kho）表示，“我们在两个周末分别于马来西亚和新加坡举办的房地产展，总成交量高达4840万令吉，证明马来西亚房地产仍然大受欢迎。”

他表示: “首届马来西亚房地产展获得的反应尤其热烈，因为它是首个让参观者能在购买前
参观房地产工程地点与陈列室的展览。展览地点提供载送服务，同时也提供新加坡至柔佛的载送服务。”

其他推动需求的因素包括新加坡房地产的价格过高、目前的市场降温措施，以及最近实施新的总债务还本付息比率（Total Debt Servicing Ratio，TDSR），要求新加坡贷款商在批准房地产贷款前，考虑借贷者其他的债务负担。

PropertyGuru集团联合创办人兼首席执行员史蒂夫（Steve Melhuish）表示，“马来西亚房地产依然受到新加坡人的力捧。值得注意的是，我们发现他们对马来西亚依斯干达的兴趣越来越浓厚。这显示新加坡人对柔佛的发展非常熟悉，对这个地区的前景感到乐观。看来吉隆坡与槟城现在必须与依斯干达竞争外来投资。”

来自房地产展览的数据显示，有地房地产与高楼房地产占交易量的各一半。

史蒂夫补充说，“新加坡的空间越来越有限，因此新加坡人在寻找更宽敞的公寓或有地房地产时，选择马来西亚依斯干达是非常合理的。然而，我们不应把目光局限在交易额，因为其中还有许多重要现象以及购买趋势，反映更宏观的房地产市场，以及马来西亚和新加坡如何通过依斯干达特区进行联系。”

在马来西亚房地产发展商的大力支持下，两场房地产展览获得许多发展商的参加，包括著名品牌如：UEM Land、Country Garden、OSK Property、Tropicana Danga Cove与Tropicana Danga Bay、KIP Group、Land & General Berhad、HCK Capital Group、Tanah Sutera、Mah Sing、卓远伊斯干达(Zhuoyuan Iskandar) 和Bandar Utama Development Berhad。

UM  Land副总经理Hiew先生说:“这活动给了我们一个良好的开端，能了解潜在买家的需求和期望。 200位潜在买家已登记了他们对UM Land在柔佛依斯干达的Medini湖滨发展兴趣。”

马来西亚房地产展是PropertyGuru每月国际活动平台的一部分，后者展出亚洲各地的房地产业，利用网上搜寻房地产的热门趋势与实际投资活动，让房地产投资者迅速做出精明的房地产决策。