12th Malaysian Property Summit
The National Property Information Centre (NAPIC) has published the 1H2018 transactions in terms of value and volume. There has been a drop of 5.2 % from 158,298 transactions in 2H2017 to 149,889 transactions in 1H2018, however, compared to the 1H2017 (153,526 transactions) the drop was only 2.3%. In terms of value, the drop was 5,9% from RM72 billion in 2H2017 to RM67.7billion in 1H2018, but again compared to the 1H2017 (RM67.7 billion) it was minimal.
Recovery in 2018 did not happen.
There was an election and a newly elected government took office bringing with it new changes in the cabinet line-up and a host of changes in the bureaucracy in terms of people and policies. All these matters bring changes and uncertainties. Investors and would-be buyers of real estate wanting to invest for the long term have taken a cautious view of the changes and have taken a wait and see attitude to these changes.
International policies did not help much with the United States and China, the world’s two largest economies not being able to see eye to eye on lots of trade matters.
It cannot be denied that the real estate sector plays strong role in the economy of the nation and the new government has unravelled a host of packages towards bringing a more orderly real estate development and towards reducing the burgeoning inventory of unsold properties. Besides an array of financial and tax related matters, the government has proposed a new avenue of funding called crowd funding. Lots of discussions are on-going on the pros and cons and its application to the vagaries of the real estate sector. The REIT sector is being broadened by the proposal to list the Airports in the country. These are strong moves and when implemented effectively could attract more capital and involvement in the real estate industry.
The Ringgit has been worsening over a long period, the oil palm prices have slowed down and generally the economy internationally and in Malaysia has been slow. The questions we posed last year continue to plaque us this year. Are we seeing a fundamental improvement in our economy and is the property market supported by strong fundamentals? Are we going to see an upward swing? Is the property market poised to ride on the general growth of the economy? What factors must the major players look into? What regions will grow? What sectors will take off? Or are we in for a continued sluggish nondirectional move in the real property sector?
Our speakers will address some of the ills affecting the market. This will be bolstered by data and information from the real experts in the real estate industry. Hear the experts discuss.
Also dealing in detail on the commercial office and retail markets are experts who use their very exhaustive data banks and research departments to analyse and provide a framework for easy understanding and careful decision making.
These are some of the areas that will be discussed in depth at the 12th Malaysian Property Summit this February 2019. For these reasons, it will remain one of the most anticipated events each year. Analysts, developers, bankers, Government organisations have always been keen supporters of this event.
This is the Summit of the property market, for the property world, by the property people put together by the very industry people, to whom property people turn to when they need advice, consultation, research and analysis, testimony, professional opinion, expert witness and evidence, support and prognostication on the property market.
The Association of Valuers, Property Managers, Estate Agents & Property Consultants in the Private Sector Malaysia (PEPS), the body that represents the reputable and established private valuation and consultancy practices, has come together to provide the Malaysian Property World with the width and depth of its accumulated research and analysis, prognosticate for this coming year, 2019, the expectations of movements, fluctuations and changes that can be expected to happen in the property market, and the reasons for it.
The objective of this Summit, as in previous years, is to present to the Malaysian Property Industry and players an authoritative view of the state of the real estate industry. As valuers, land economists, property consultants, real estate investment analysts, and, by and large, the only people trained and paid to judge the market and the outcomes, and the only people who have an in-depth knowledge of what is happening in the market, the speakers would be able to tell the world at large exactly what has been happening, and how the market is to behave and perform. The databases of the major property consultancy firms will be thoroughly examined and in-depth research built into the prognostications that will be presented by the industry’s key idea-men.
We have identified experts who specialise in a particular property sector to provide the participants with the best answers to questions asked or lurking in the minds of bankers, developers, analysts, investors, decision makers, institutional agents, fund managers and others.
For each sector, each speaker will do the following:-
- Outline the historical background with data and analysis;
- Geographical spread and classifications;
- Relative importance to the industry;
- Relationship to the economy and market;
- Highlight the last three years’ activities;
- Give an opinion on what has happened including an analysis of the drivers affecting it;
- Outline the key drivers that will drive the market in the future;
- State his opinion on what direction the market will take based on his analysis.
The 12th Malaysian Property Summit 2019 is a Property Conference not to be missed and we look forward to your attendance.