NAPIC’S Report 2015: An Overview

NAPIC’S Report 2015: An Overview

Property Market Activities

Market volume recorded at 362,105 transactions worth RM149.9 billion, down by 5.7% in volume and 8.0% in value against 2014. The residential sub-sector continued to lead the overall market, with 65.2% contribution in volume and 49.0% in value. However, this subsector recorded a downturn by 4.6% in volume to 235,967 and correspondingly down in value by 9.7% to RM73.47 billion.

The biggest sector – residential saw 235,967 transactions worth RM73.47 billion recorded in 2015, which declined by 4.6% in volume and 10.5 % in value compared to 2014.

Commercial and industrial sub-sectors also recorded similar movements, down by 10.6% and 13.0% in volume and 17.1% and 17.5% in value, respectively.

Residential Market Performance by States

The residential sub-sector performance by states was generally on a low tone. All states recorded a decline in market activity except for Perak, Kedah, Pahang, Terengganu and Kelantan. Major states namely Selangor, Johor and Penang recorded declines of 5.1%, 20.4% and 16.9%, respectively. The top three states with the highest number of transactions were Selangor, Johor and Perak.

The primary market recorded a slowdown in new launches with 70,273 units as compared to 86,997 units in 2014, translating to a decrease of 19.2%. Selangor, Johor and Penang saw cutbacks in new launches by 13.8%, 42.8% and 47.5%, respectively.

Sales performance decreased by 4%, the review period saw a percentage of 41.39%.

In spite of the reduction in new launches, Kuala Lumpur, Selangor and Johor remained the leading states with 20.6%, 18.2% and 13.4% shares.

Commercial Market Performance by States

The commercial sub-sector performance by states showed a downturn as well, except for Kedah, Labuan, Pahang and Kelantan. Selangor, Johor and Penang recorded declines of 11.1%, 21.9% and 10.72%, respectively.

The shop office market recorded an increase in new launches with 16,858 units as compared to 12,230 in 2014, translating to an increase of 37.8%. Selangor and Johor saw an increase in new launches by 138.2% and 7.2% whereas Penang recorded a decrease by 29.8%.

Sales performance of shop offices increased by 5.9%, the review period saw a percentage of 70.51%.

Bank Loans

The total value of loans being given out by banks for the purchase of residential properties saw a year-on-year (y-o-y) increase of 16.8% to RM1,423.1 billion as compared to RM1,218.7 billion in 2014. Meanwhile for the purchase of non-residential properties, the value of loans given out increased by 14.6% to RM113.6 billion as compared to RM99.1 billion in 2014.

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