MARKET OUTLOOK: OPPORTUNITIES RENT VS OWN THE EDGE INVESTMENT FORUM ON REAL ESTATE TH APRIL 2018
|
|
- Anthony Cole
- 6 years ago
- Views:
Transcription
1 MARKET OUTLOOK: OPPORTUNITIES RENT VS OWN THE EDGE INVESTMENT FORUM ON REAL ESTATE TH APRIL 2018
2 A fish out of water to a water out of fish. Is it time for a faithful leap? 2
3 Volume (unit) Value (RM Million) MALAYSIA S PROPERTY MARKET OVERVIEW OVERALL MARKET PERFORMANCE The property market has been on minimal decline in recent years since Overall, the transaction value pursued the movement in transaction volume. Total Transaction Volume and Value 400, , , , , , ,000 50, Q Q Q Q Q Q Q Q Q Q Q Q 2017f f 0 Volume Value 3
4 Volume Value (RM) MALAYSIA S RESIDENTIAL SECTOR OVERVIEW RESIDENTIAL MARKET TREND DIBS No DIBS RPGT 0-30% RPGT Exemption Period RPGT Flat rate 5% 2012 RPGT 5-10% 2013 RPGT 10-15% 2014 RPGT 15-30% 2015 GST 6% 300, , , , ,000 50, f 400, , , , , , ,000 50,000 0 Residential Volume Average Transacted Price 4
5 WILL PROPERTY PRICE DROP? GE-8 Malaysia House Price Index (Base Year 2010) GE-9 AFC 1997/98 AFC: : -9.1% : -2.3% GFC GE-10 GE-11 GE-12 GE-13 GE-14 Robust economic performances prior to AFC led to moral hazard of unnecessary risk-taking, large investment and spending on infrastructure, property prices soared Subsequent devaluation of currencies led to ballooning debt repayment (Risk of) loan default increases -> asset disposal -> mass supply in the market -> pulls down the price 5
6 2, Transactions 4,775 3,901 3,642 3,201 8,333 14,591 21,737 31,029 MALAYSIA S RESIDENTIAL SECTOR OVERVIEW TRANSACTION ACTIVITY AS AT 1H % 66.9% 35,000 30,000 25,000 20,000 15,000 10,000 5, % 73.1% Primary 6 Secondary < RM150,000 RM150k -RM300k RM300k - RM500k RM500k - RM1 mil RM1mil and Above
7 RESIDENTIAL OVERHANG AS AT 3Q 2017 Condo/Apartment 32.6% By Type 2-3 Storey Terraced 28.2% > RM1,000, % By Price 20,904 units RM500,001 - RM1,000, % RM12.5 billion 2-3 Storey Semi-D 9.9% RM400,001 - RM500, % Single Storey Terraced 2-3 Storey Terraced Single Storey Semi-D 2-3 Storey Semi-D Detached Townhouse Cluster Low-cost House Low-cost Flat Flat Condo/Apartment 7 < RM50,000 RM50,001 - RM100,000 RN100,001 - RM150,000 RM150,001 - RM200,000 RM200,001 - RM250,000 RM250,001 - RM300,000 RM300,001 - RM400,000 RM400,001 - RM500,000 RM500,001 - RM1,000,000 > RM1,000,000
8 MALAYSIA S RESIDENTIAL SECTOR OVERVIEW STOCK SUPPLY NO OVERSUPPLY Annual growth in population 390,000* New houses needed 97,500 units/year** Annual completion 78,216 units WHY OVERHANG? Notes: * Based on population growth rate of 1.3% on population of 32 million as of 2016 ** Based on average household size of 4 8
9 HOUSING DEMAND Quarters 3% Rental 29% Owned 68% Out of the 2.08 million households in Klang Valley: 68% (or 1.4 million households) own a property 29% (or 0.6 million households) rent a property House-ownership in Malaysia by DOSM: 72.5% in 2010 to 76.1% in 2014 Higher than Australia (68.1%), UK (67.4%) and US (66.5%) 9
10 Residential properties in Kuala Lumpur and Selangor considered as unaffordable, with median multiplier of 5.4 and 4.0 respectively. Note: Median Multiplier classification 3.0 and below: Affordable : Moderately unaffordable : Seriously unaffordable 5.1 and above: Severely unaffordable Source: Khazanah Research Institute,
11 THE NEED TO UNDERSTAND THE MARKET DEMAND What type of property is undersupply? Where is the gap in the market? Stop building, let the market absorbs first? Where are the preferred locations? Are they supported by public transport/connectivity? What are the optimum sizes for different types of property? Squeeze on profit margin to match the price with affordability in exchange for better sales? Who are the target groups? What is their price expectation? Inadequately high density put buyers off? 11
12 What about renting?
13 RENTING IS A SENSIBLE OPTION WHEN AFFORDABILITY IS A CHALLENGE Income and house price mismatch requires long-term correction in the market and in the economy as a whole Renting takes up lower financial commitment and presents as an easier and immediate access to accommodation UNDER-UTILISATION OF PROPERTY If there is abundance of vacant units or aged properties, then it may be worthwhile to consider transforming into rental use SOFT MARKET Rental yield becomes more attractive when capital gain is slow in a fatigue market VIBRANT POPULATION AND DYNAMIC LABOUR MOVEMENT Renting may be preferred in major cities/cbds where the population is presumably more mobile and consists of higher number of expatriates with the support of open door policies on expatriates employment RAPID INCREASE IN HOUSING DEMAND Housing demand grows in tandem with urbanisation and population growth, putting up more houses for rental is a quicker response RE-ADAPTATION Conversion of vacant commercial units/shopoffices into residential use (e.g. studio office) 13
14 Countries with public rental housing Public rental housing schemes are common even in advanced economies like OECD countries In Hong Kong, 30% of the population living in public rental housing 80% of Singaporeans live or rent HDB flats
15 BUILD TO RENT IN LONDON
16 LONDON S BUILD-TO-RENT FRAMEWORK Policies Developers Objectives National level White paper by the Department for Communities and Local Government National Planning Practice Guidance (NPPG) Local level: The Mayor s Affordable Housing and Viability (SPG) Borough s planning such as Ealing s Southall Opportunity Area Planning Framework and Camden s Draft Local Plan (2015) Institutional investors such as private and public pension providers and sovereign wealth funds Private developers from bespoke BTR developers and operators Local authorities, including general fund investment, council-owned development companies Public institutions in jointventure arrangements with the private sector Housing associations A mix of housing types at different price points in the market Stability and certainty for tenants Quality homes Sustain income stream for local authorities Large scale developments Long-term investment and stewardship in the local area Supporting the regeneration initiative in local areas Social integration and flexibility 16
17 BENEFITS OF BUILD-TO-RENT DEVELOPERS/INVESTORS Longer lease term offers steady and stable revenue in the form of rental Attractive to large institutional investors such as pension funds who need reliable recurrent returns 17 TENANTS Longer lease term offers security Quality assurance as purpose-built homes are professionally managed and specialised for rental Catered for lifestyle of millennials or young family units who seek for onsite services and facilities
18 RENT-TO-OWN IN MALAYSIA Rental housing by PR1MA for up to 10 years with option to purchase at the end of tenancy Eligibility: Successful PR1MA applicants who are unable to secure a home loan Option to purchase: Offered in the 5 th or 10 th year of tenancy at a price set by PR1MA RTO scheme by Maybank Islamic Bhd for the general public, currently available for Klang Valley properties Eligibility: Must not have more than 1 home financing at the point of application and household gross income of RM5,000 and above Option to purchase: Available after 1 year of renting at a pre-agreed price Option to sell: Available after 1 year of renting. To sell the property at market value. Gain between the pre-agreed price and the sale value goes to the tenants fully Option to abort purchase: Allowed if after 5 years of renting at no cost or continue on renting 18
19 PROS AND CONS OF RENT-TO-OWN Longer lease term guarantees accommodation for tenants Certainty in rent increment, usually stated in a contract Lock in property price for future purchase Allow time for tenants to build up financial capacity, save for down payment and accumulate credit score history Easier entry and pathway to house ownership with low initial financial commitment Opportunity to assess the property and its surrounding prior to purchase Appeal to genuine buyers 19 May be more costly depending on the rental rate and contribution to option money May incur a big financial loss to the tenant if property purchase is aborted, forfeiture may be exercised Challenges in property and tenant management for landlords Recommended to prospective buyers. Sign up if you are confident to buy. Understand the contract: Rental schedule Purchase price setting Contribution to option money Forfeiture/penalty if purchase is aborted Conditions for lease termination
20 Rental market in Malaysia: Writing on the wall?
21 RENTAL MARKET IN MALAYSIA COULD DO WELL Affordability is a prevailing challenge even to those eligible to buy affordable houses The rental market is regulated but not excessively controlled Urbanisation is a natural crowdpulling factor A check-andbalance mechanism needs to be formulated to protect tenants and landlords 21
22 OTHER MATTERS TO LOOK INTO Reduce red tape and speed up the planning process Extra density allowance Tax incentives (e.g. 50% tax exemption on rental income up to RM2,000 in Budget 2018) Adjusted tax system, avoid overly generous capital gains tax and prevent negative gearing Comprehensive regulatory framework to protect tenants and landlords to address challenges of property maintenance, tenants obligations. risks of rent default and any other related concerns Check-and-balance system/third party intermediary (e.g. Rental Bonds Office in Australia) Public-private partnership on land release. Shared ownership between developers and government. Construction cost is a constant, but land prices and taxes can be made cheaper Transparent and supportive planning (e.g. development of rental housing is among the strategic considerations in local panning in London) No erratic policy changes that would dampens investors confidence and trust Avoid excessive control such as rent control that would discourage investment activities 22
23 RENTAL HOTSPOTS IN KUALA LUMPUR Setapak LRT Putra Platinum Victory, Skyarena, Zeta Park: RM1,400 RM2,200 per month per unit Key criteria: Public transportation network Rent justified by quality Proximity to commercial area MidValley LRT Putra, KYM Bukit Jalil LRT Star 23 Southview: RM2,000 RM3,200 per month per unit KL Eco City: RM2,800 RM4,000 per month per unit Arena Green, Parkhill Residence, Kiara Residence: RM1,200 RM1,900 per month per unit
24 FUTURE KEY AREAS Kwasa Damansara/ Sungai Buloh Kelana Jaya/ Kota Damansara Kajang Putrajaya Kuala Lumpur 24 FUTURE GROWTH LINKED TO RAIL Rental market shall be catalysed by rail connectivity, more so than road connectivity Sungai Buloh, Kajang and Putrajaya being the end terminals for MRT Both LRT and MRT are running along and serve the areas of Kelana Jaya and Kota Damnsara Kwasa Damansara is an upcoming township integrated with transit points such as MRT stations Kuala Lumpur as the centre of activities and transportation hub will remain popular Legends: MRT Line 1 MRT Line 2 (Under Cons.) LRT
25 PERHAPS IT S TIME FOR A PARADIGM SHIFT Home-ownership is not the be-all and end-all Moving away from the typical Asian mindset, absence of homeownership does not imply welfare deprivation. The ultimate priority is to have a shelter over one s head, be it rented or owned. 25
26 THANK YOU
REHDA INSTITUTE CONFERENCE
Residential Property Trends: Where Is The Demand And What Products To Sell In 2018? 3 May 2018 A fish out of water to a water out of fish. Is it time for a faithful leap? 2 Volume Value (RM Million) MALAYSIA
More informationPROPERTY OUTLOOK REPORT 2018
PROPERTY OUTLOOK REPORT 2018 Table of Contents 1 2 3 4 5 6 7 8 9 10 0Outlook Report 2018 Overview 02017: Year at a Glance PropertyGuru Market Index 2017 Kuala Lumpur Selangor Penang Johor Malaysian Property
More informationDemocratising Property Investments
Democratising Property Investments What I wish to share today 1. Property sector outlook 2. How theedgeproperty.com can help you make better property investment decisions Property Sector Outlook The property
More informationSingapore has imposed an extra stamp duty of 10% on homes bought by foreigners in early December 2011.
In the past few years, property prices in Malaysia have appreciated dramatically between 20% and 80% whether in major cities or smaller towns and depending on specific location. This development can be
More informationNSW Affordable Housing Guidelines. August 2012
August 2012 NSW AFFORDABLE HOUSING GUIDELINES TABLE OF CONTENTS 1.0 INTRODUCTION... 1 2.0 DEFINITION OF KEY TERMS... 1 3.0 APPLICATION OF GUIDELINES... 2 4.0 PRINCIPLES... 2 4.1 Relationships and partnerships...
More informationUrbanisation, Internationalisation and Access to Housing In Iskandar Malaysia
Urbanisation, Internationalisation and Access to Housing In Iskandar Malaysia Sr. Dr. Rahah Ismail Department of Valuation and Property Services, Malaysia rahah@jpph.gov.my rahah_ismail@yahoo.co.uk Introduction
More informationS P SETIA BERHAD (19698-X) ("S P SETIA" or "THE COMPANY")
S P SETIA BERHAD (19698-X) ("S P SETIA" or "THE COMPANY") PROPOSED ACQUISITION BY BUKIT INDAH (SELANGOR) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF S P SETIA, OF A PIECE OF FREEHOLD LAND HELD UNDER GERAN 45874
More informationMALAYSIAN RESIDENTIAL PROPERTY MARKET
MALAYSIAN RESIDENTIAL PROPERTY MARKET Sr. Khuzaimah Abdullah National Property Information Centre Valuation & Property Services Department Ministry of Finance, Malaysia 1 AGENDA Background Residential
More informationAUSTRALIAN HOUSING: HIPSTER BREAKFAST CHOICES OR A NATION OF SPECULATING SPIVS? Housing is a human right
AUSTRALIAN HOUSING: HIPSTER BREAKFAST CHOICES OR A NATION OF SPECULATING SPIVS? A SERIES OF QUESTIONS Is Australia in a housing bubble that will inevitably burst? What drives housing inflation in Australia?
More informationOSK PROPERTY HOLDINGS BERHAD ("OSKP" OR "THE COMPANY")
OSK PROPERTY HOLDINGS BERHAD ("OSKP" OR "THE COMPANY") PROPOSED ACQUISITION BY WARISAN RAJAWALI SDN BHD, A WHOLLY- OWNED SUBSIDIARY COMPANY OF OSKP, OF A PARCEL OF FREEHOLD COMMERCIAL LAND MEASURING APPROXIMATELY
More informationLANDLORDS DOWNBEAT DESPITE STRONG RENTAL MARKET
John Heron Managing Director Mortgages, Paragon HIGHLIGHTS Rental market fundamentals strong Fewer landlords optimistic about portfolio prospects Buying intentions at lowest level ever LANDLORDS DOWNBEAT
More informationDamansara North ready to shine
Damansara North ready to shine LOCATION is the golden rule of property investment. A good location is one that is preferably close to an urban centre, and has great connectivity. Its developments are self-contained
More informationEstablishing a foothold in the property sector
Establishing a foothold in the property sector By Ewe Shufei / TheEdgeProperty.com March 31, 2016 8:45 AM MYT THE story started in 2004 when Tan King Hong, Loh Kok Theng and See Cherng Jye were brought
More informationSERI KEMBANGAN. Villa Heights
20 During the financial year under review, the Group s revenue and profitability were mainly contributed from the Group s core business activity in property development. Our developments are located mainly
More informationEXECUTIVE SUMMARY OF HOUSING AFFODABILITY STUDY FOR THE STATE OF PERAK
EXECUTIVE SUMMARY OF HOUSING AFFODABILITY STUDY FOR THE STATE OF PERAK INTRODUCTION Housing is one of the most basic necessities of a community among other things, providing shelter, privacy and a foundation
More informationThe property consultants take on Budget 2016
The property consultants take on Budget 2016 By theedgeproperty.com October 23, 2015 10:14 PM MYT Foo Gee Jen Managing director, CH Williams Talhar and Wong There was no reduction in real property gains
More informationPORTFOLIO VALUES PEAK
John Heron Managing Director Mortgages, Paragon HIGHLIGHTS Average market value of property portfolio reaches 1.7 million Average portfolio now 6% higher than pre-crisis peak Landlords expect portfolio
More informationPublic Housing Plan Glossary of Terms. A Additional places. B Base. C Case Management
Public Housing Plan Glossary of Terms A Additional places being sought Additional Income Related Rent Subsidy (IRRS) places that the Ministry of Social Development (the Ministry) is seeking to secure over
More informationThe Economy and the Housing Market. By: Dr. Zulkiply Omar Senior Research Fellow Malaysian Institute of Economic Research (MIER)
The Economy and the Housing Market By: Dr. Zulkiply Omar Senior Research Fellow Malaysian Institute of Economic Research (MIER) The Malaysian Economy Add a footer 2 The World Economy GDP Growth (% y-o-y)
More informationMismatch Between Demand & Supply Of Affordable Housing
Mismatch Between Demand & Supply Of Affordable Housing National Property Information Centre (NAPIC) Valuation & Property Services Department (JPPH) Ministry of Finance Malaysia (MOF) Residential Market
More informationFINANCIAL YEAR 2012 RESULTS
FINANCIAL YEAR 2012 RESULTS 31 January 2013 Contents Financial Highlights FY 2012 Portfolio Update KLCA & Cyberjaya Office Market Outlook Klang Valley & Penang Retail Market Outlook Conclusion 2 Important
More informationPuchong a rising star that is still within grasp
G R E A T E R K L Puchong a rising star that is still within grasp Published: 4 September 2015 4:08 PM Puchong offers more affordable high-rise residential properties than its neighbours Subang Jaya and
More informationNational Rental Affordability Scheme. NRAS and Mistakes to AVOID!
National Rental Affordability Scheme NRAS and Mistakes to AVOID! CONTENTS Contents...1 Introduction... 2 Brief Over view of NRAS...3 Key Facts About NRAS...5 NRAS Incentives... 7 NRAS and Mistakes To Avoid!......
More informationISIS ROUNDTABLE HOUSING A NATION OUR EXPERIENCE. Dr. Kamarul Rashdan Salleh DSDK, MRICS, MBIFM, MISM Managing Director
ISIS ROUNDTABLE HOUSING A NATION OUR EXPERIENCE Dr. Kamarul Rashdan Salleh DSDK, MRICS, MBIFM, MISM Managing Director INTRO WHO WE ARE SPNB established in 1997 as a subsidiary of MoF Incorporated. With
More informationCorporate Presentation 4 th Quarter 2018 Financial Results
Corporate Presentation 4 th Quarter 2018 Financial Results 17 January 2019 Important Notice This presentation is for information only and does not constitute an invitation or offer to acquire, purchase
More informationMIEA PROPERTY MARKET SENTIMENT REPORT 2017/18
MIEA PROPERTY MARKET SENTIMENT REPORT 2017/18 President s message On behalf of the MIEA Board of Directors and Research Committee, I would like to present to you MIEA Member Survey Report on the Budget
More informationBest performing areas in Rawang
Best performing areas in Rawang By Rachel Chew / TheEdgeProperty.com August 6, 2016 7:30 AM MYT LOCATED 35km north of Kuala Lumpur, Rawang in Selangor was once a busy tin mining town which had recorded
More informationHousing Costs and Policies
Housing Costs and Policies Presentation to Economic Society of Australia NSW Branch 19 May 2016 Peter Abelson Applied Economics Context and Acknowledgements Applied Economics P/L was commissioned by NSW
More informationKeppel Land in China. May 2006
1 Keppel Land in China May 2006 Presentation Outline Introduction Market Update City Updates Shanghai Tianjin Beijing Wuxi Chengdu Residential Township Development 2 3 Introduction KLL s Steps in China
More informationThe Real Estate and Land Market of Russia: Factors of the Sustainable Development
The Real Estate and Land Market of Russia: Factors of the Sustainable Development Vasily Nilipovskiy (State University of Land Use Planning, Moscow, Russia) ? &! and! &? There is no definite answer in
More informationCity of Cardiff Council INVESTMENT ESTATE STRATEGY
City of Cardiff Council INVESTMENT ESTATE STRATEGY 2016-2021 CONTENTS 2 INVESTMENT ESTATE STRATEGY 2016-2021 Page 1 Executive Summary 4 2 Purpose and Summary of Estate 6 3 Definition of Investment Property
More informationThe South Australian Housing Trust Triennial Review to
The South Australian Housing Trust Triennial Review 2013-14 to 2016-17 Purpose of the review The review of the South Australian Housing Trust (SAHT) reflects on the activities and performance of the SAHT
More information1. INTRODUCTION 2. DETAILS OF THE PROPOSED ACQUISITION. 2.1 Proposed Acquisition
SASBADI HOLDINGS BERHAD (I) PROPOSED ACQUISITION BY SASBADI SDN BHD, A WHOLLY OWNED SUBSIDIARY OF SASBADI HOLDINGS BERHAD, OF TWO (2) UNITS OF RETAIL LOTS DISTINGUISHED AS PARCEL NOS. L1.09 AND L1.10,
More informationContents 3/24/2011. New delivery context. HCA role and remit. Delivering for local communities. HCA in North East, Yorkshire and the Humber
New look HCA funding new affordable housing NHF Building Neighbourhoods David Curtis 25 March 2011 Contents New delivery context HCA role and remit Delivering for local communities HCA in North East, Yorkshire
More informationShaping Housing and Community Agendas
CIH Response to: DCLG Rents for Social Housing from 2015-16 consultation December 2013 Submitted by email to: rentpolicy@communities.gsi.gov.uk This consultation response is one of a series published by
More informationRESIDENTIAL MARKET REVIEW
RESIDENTIAL MARKET REVIEW S E P T E M B E R Q U A R T E R 2 0 1 8 RPM REAL ESTATE GROUP IS VICTORIA S MOST SUCCESSFUL RESIDENTIAL DEVELOPMENT SALES, MARKETING AND ADVISORY AGENCY. WE SPECIALISE IN SALES
More informationTHAT Council receives for information the Report from the Planner II dated April 25, 2016 with respect to the annual Housing Report update.
Report to Council Date: April 25, 2016 File: 1200-40 To: From: Subject: City Manager Laura Bentley, Planner II, Policy & Planning Annual Housing Report Update Recommendation: THAT Council receives for
More informationResidential Commentary Sydney Apartment Market
Residential Commentary Sydney Apartment Market April 2017 Executive Summary Sydney Apartment Market: Key Indicators 14,200 units are currently under construction in Inner Sydney with completion expected
More informationUNDERSTANDING DEVELOPER S DECISION- MAKING IN THE REGION OF WATERLOO
UNDERSTANDING DEVELOPER S DECISION- MAKING IN THE REGION OF WATERLOO SUMMARY OF RESULTS J. Tran PURPOSE OF RESEARCH To analyze the behaviours and decision-making of developers in the Region of Waterloo
More informationDraft London Plan Review
Draft London Plan Review Briefing Note Date: 04/12/2017 Ref No: 283 Introduction On the 29th November the Mayor of London, Sadiq Khan, published his draft London Plan for consultation (Regulation 19).
More informationDocument under Separate Cover Refer to LPS State of Housing
Document under Separate Cover Refer to LPS5-17 216 State of Housing Contents Housing in Halton 1 Overview The Housing Continuum Halton s Housing Model 3 216 Income & Housing Costs 216 Indicator of Housing
More informationWhat makes Damansara Utama special?
What makes Damansara Utama special? By Natalie Khoo / TheEdgeProperty.com January 28, 2017 8:45 AM MYT Petaling Jaya folks would probably know Damansara Utama (DU) as a busy commercial area with banks,
More informationTHE LEGAL AND FINANCIAL FRAMEWORK OF AN EFFICIENT PRIVATE RENTAL SECTOR: THE GERMAN EXPERIENCE
THE LEGAL AND FINANCIAL FRAMEWORK OF AN EFFICIENT PRIVATE RENTAL SECTOR: THE GERMAN EXPERIENCE Presenter: Prof.Dr.rer.pol. Stefan Kofner, MCIH Budapest, MRI Silver Jubilee 3. November 2014 MRI Silver Jubilee
More informationRents for Social Housing from
19 December 2013 Response: Rents for Social Housing from 2015-16 Consultation Summary of key points: The consultation, published by The Department for Communities and Local Government, invites views on
More informationPROPERTY INSIGHTS. Market Overview. Investment sales increased despite subdued economic climate. Citigold. Quarter 3, 2016.
PROPERTY INSIGHTS Kuala Lumpur Quarter 3, 2016 Citigold Investment sales increased despite subdued economic climate Market Overview Malaysia s economy expanded by 4.1% y-o-y in H1 2016, compared to 5.3%
More informationAgenda. 4 th Q 2012 Briefing Q & A. Financial Results Corporate Exercises Engineering & Construction Property Development Investment & Management
Building Values Agenda 4 th Q 2012 Briefing Financial Results Corporate Exercises Engineering & Construction Property Development Investment & Management Q & A Our Core Businesses 1981 1997 2007 Civil
More informationLANDLORDS AND LENDERS ADAPT THEIR APPROACH
John Heron Managing Director Mortgages, Paragon HIGHLIGHTS Landlords resize property portfolios Portfolio gearing falls to all-time low Specialist lenders take on growing role LANDLORDS AND LENDERS ADAPT
More information1.0 INTRODUCTION PURPOSE OF THE CIP VISION LEGISLATIVE AUTHORITY Municipal Act Planning Act...
April 2017 TABLE OF CONTENTS 1.0 INTRODUCTION... 1 2.0 PURPOSE OF THE CIP... 1 3.0 VISION... 1 4.0 COMMUNITY IMPROVEMENT PROJECT AREA..3 5.0 LEGISLATIVE AUTHORITY... 3 5.1 Municipal Act... 3 5.2 Planning
More informationCALIFORNIA ECONOMIC & MARKET OUTLOOK. October 29,2014 Contra Costa Association of REALTORS Leslie Appleton Young, Chief Economist
2014 2015 CALIFORNIA ECONOMIC & MARKET OUTLOOK October 29,2014 Contra Costa Association of REALTORS Leslie Appleton Young, Chief Economist OVERVIEW Economic Outlook California Housing Market Outlook Housing
More informationHOUSING OVERVIEW. Housing & Economic Development Strategic Plan for Takoma Park Presented by Mullin & Lonergan Associates February 26,2018
HOUSING OVERVIEW Housing & Economic Development Strategic Plan for Takoma Park Presented by Mullin & Lonergan Associates February 26,2018 Overarching Themes & Underlying Bases Takoma Park strives to be
More informationTHE CITY OF LAKE FOREST AFFORDABLE HOUSING PLAN
THE CITY OF LAKE FOREST AFFORDABLE HOUSING PLAN THE CITY OF LAKE FOREST AFFORDABLE HOUSING PLAN desires to promote healthy, stable, and vibrant neighborhoods through policies and programs that provide
More informationThe role of policy in influencing differences between countries in the size of the private rented housing sector Professor Michael Oxley 26/2/14
The role of policy in influencing differences between countries in the size of the private rented housing sector Professor Michael Oxley 26/2/14. 1 Introduction Comparative studies of rented housing
More informationAPARTMENTS NOW AVAILABLE INSTANT ROI. Daniel House Cutting-Edge Residential Development Trinity Road, Bootle, Liverpool, L20 3RG
APARTMENTS NOW AVAILABLE INSTANT ROI Daniel House Cutting-Edge Residential Development Trinity Road, Bootle, Liverpool, L20 3RG Daniel House About the Developer Why Invest in Liverpool Introducing Daniel
More informationNational Rental Affordability Scheme. Economic and Taxation Impact Study
National Rental Affordability Scheme Economic and Taxation Impact Study December 2013 This study was commissioned by NRAS Providers Ltd, a not-for-profit organisation representing NRAS Approved Participants
More informationDraft Greater Sydney Region Plan
Draft Greater Sydney Region Plan Submission_id: 32260 Date of Lodgment: 28 Dec 2017 Origin of Submission: Email First name: Rick Last name: Banyard Suburb: Submission content: I welcome the opportunity
More informationDenver Comprehensive Housing Plan. Housing Advisory Committee Denver, CO August 3, 2017
Denver Comprehensive Housing Plan Housing Advisory Committee Denver, CO August 3, 2017 Overview 1. Review of Comprehensive Housing Plan process 2. Overview of legislative and regulatory priorities 3. Overview
More informationProperty Take. Malaysia: Residential. Highlights. 20 Sep 2013 Expect Flattish Home Prices over the Near Term
Property Take 20 Sep 2013 Expect Flattish Home Prices over the Near Term Malaysia: Residential Highlights We think that there is high likelihood that overall home prices will be relatively flat in the
More informationFilling the Gaps: Active, Accessible, Diverse. Affordable and other housing markets in Johannesburg: September, 2012 DRAFT FOR REVIEW
Affordable Land and Housing Data Centre Understanding the dynamics that shape the affordable land and housing market in South Africa. Filling the Gaps: Affordable and other housing markets in Johannesburg:
More informationWhen Will Singapore s Private Residential Leasing Market Turn Around? June 2016
When Will Singapore s Private Residential Leasing Market Turn Around? June 2016 Rents have been declining in all sub-markets The Urban Redevelopment Authority s (URA) rental index for private homes has
More informationAll About Iskandar Malaysia
All About Iskandar Malaysia Splendid courtyard villas at tranquil Embun@Kemensah MCI (P) 139/08/2013 KDN PP 13368/04/2013(032224) ISSN 1823-8726 771823 872006 10 Issue 104 Oct 2013 RM8.00, S$8.00 CONTRIBUTOR
More informationHousing affordability in Australia
Housing affordability in Australia Evidence, implications, approaches University of Auckland Dr Ian Winter, Executive Director Australian Housing and Urban Research Institute July 2013 Key message Analysis
More informationCorporate Presentation 3 rd Quarter 2017 Financial Results
Corporate Presentation 3 rd Quarter 2017 Financial Results 17 November 2017 Important Notice This presentation is for information only and does not constitute an invitation or offer to acquire, purchase
More informationHousing. Imagine a Winnipeg...: Alternative Winnipeg Municipal Budget
Housing Housing, and the need for affordable housing in cities and towns across Canada, has finally caught the attention of politicians. After a quarter century of urging from housing advocates, there
More informationREHDA Housing Conference 2018 Reinventing Affordability. 9 October 2018 * Wisma REHDA, Petaling Jaya Selangor
SESSION 1: EXPERIENCE SHARING REGIONAL AFFORDABLE HOUSING PRACTICES: AFFORDABLE HOUSING IN MALAYSIA MR. N. JAYASELAN, DIRECTOR GENERAL, NATIONAL HOUSING DEPARTMENT REHDA Housing Conference 2018 Reinventing
More informationAccelerating build-to-rent in Australia
Accelerating build-to-rent in Australia Introduction The build-to-rent model continues to gain pace in Australia as several projects prove the local viability of this asset class. As interest accelerates,
More information10 th NAPREC CONFERENCE
10 th NAPREC CONFERENCE Tender Price Movements in the Malaysian Construction Industry, With Specific Reference to Housing Projects in the Klang Valley by Prof. Sr. Dr. Khairuddin Abdul Rashid & Asst. Prof.
More informationANNOUNCEMENT SUBJECT : TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ( GBGAQRS OR THE COMPANY )
ANNOUNCEMENT SUBJECT : TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ( GBGAQRS OR THE COMPANY ) PROPOSED SALE OF LAND BY THE COMPANY S WHOLLY-OWNED SUBSIDIARY, NUSVISTA DEVELOPMENT
More informationLondon Tenants Federation Genuinely affordable housing or just more of the affordable housing con?
London Tenants Federation Genuinely affordable housing or just more of the affordable housing con? Briefing about new and rebranded affordable housing types and delivery targets. Produced July 2017 1 Genuinely
More informationNational Standards Compliance Tenancy Standard Summary Report Quarter /15
National s Compliance Tenancy 1.1.1 Registered providers shall let their homes in a fair, transparent and efficient way. They shall take into account the housing needs and aspirations of tenants and potential
More informationHM Treasury consultation: Investment in the UK private rented sector: CIH Consultation Response
HM Treasury Investment in the UK private rented sector: CIH consultation response This consultation response is one of a series published by CIH. Further consultation responses to key housing developments
More informationFirst Half 2015 Kuala Lumpur Property Market Overview
The Wilayah Persekutuan Kuala Lumpur s property market has shown moderation in activities in the first half of 2015. There were 9,291 transactions worth RM11.01 billion recorded in the review period, reflecting
More informationLondon Borough of Lewisham Response to Achilles Street Stop and Listen Campaign FACT SHEET
London Borough of Lewisham Response to Achilles Street Stop and Listen Campaign FACT SHEET 1. The Achilles Street Stop and Listen Campaign say: Lewisham Council wants to demolish decent council homes The
More informationLANDLORDS CAUTIOUS AHEAD OF TAX CHANGES
FEBRUARY 2017 Q4 2016 LANDLORDS CAUTIOUS AHEAD OF TAX CHANGES Despite turbulence in the Private Rented Sector (PRS) dating back to the Government s 2015 Summer Budget, Paragon Mortgages latest PRS Trends
More informationThe Liverpool Experience: Delivering on Housing Needs. Tony Mousdale Housing Co-ordinator Liverpool City Council
APSE Housing, Construction and Building Maintenance Seminar 2017 The Liverpool Experience: Delivering on Housing Needs Tony Mousdale Housing Co-ordinator Liverpool City Council The Housing Challenge 47%
More informationMember consultation: Rent freedom
November 2016 Member consultation: Rent freedom The future of housing association rents Summary of key points: Housing associations are ambitious socially driven organisations currently exploring new ways
More informationHigh Yielding UK Student Accommodation Investment
High Yielding UK Student Highlights: Prime city centre and waterside location 8% NET per annum assured for 5 years 227 self-contained studios spread over 8 floors On-site facilities unrivalled on the local
More informationOSK HOLDINGS BERHAD ("OSK" OR "THE COMPANY")
OSK HOLDINGS BERHAD ("OSK" OR "THE COMPANY") PROPOSED ACQUISITION BY ASPECT SYNERGY SDN. BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY COMPANY OF OSK OF SIX (6) PARCELS OF FREEHOLD AGRICULTURAL LANDS HELD UNDER
More informationImproving valuations and unlocking sector capacity
Improving valuations and unlocking sector capacity Speakers: Chair: Richard Petty Lead Director, Affordable Housing, Jones Lang LaSalle Carol Matthews Partner, Social Housing, Wright Hassall Andy Smith
More informationHousing Markets: Balancing Risks and Rewards
Housing Markets: Balancing Risks and Rewards October 14, 2015 Hites Ahir and Prakash Loungani International Monetary Fund Presentation to the International Housing Association VIEWS EXPRESSED ARE THOSE
More information2 Marsham Street, London SWlP 3EB
Circular 13/96 (Department of the Environment) Circular from the Department of the Environment 2 Marsham Street, London SWlP 3EB 8 August 1996 Planning and Affordable Housing Introduction 1. This circular
More informationEffective housing for people on low incomes in the Welsh Valleys
Summary Effective housing for people on low incomes in the Welsh Valleys This summary looks at policy and practice recommendations to address the housing challenges facing people on low incomes in the
More informationPrivate Renting and Social Landlords: Can they help reduce inequality?
Private Renting and Social Landlords: Can they help reduce inequality? Presentation by Alice Belotti and Anne Power, LSE Housing and Communities on research funded by the International Inequalities Institute
More informationFrequently Asked Questions: The Social Housing Rent Settlement from 2015
Updated 15 November 2013 Frequently Asked Questions: The Social Housing Rent Settlement from 2015 1. Introduction Following the 2013 Spending Round announcement on the social housing rent settlement from
More informationHousing and Homelessness. City of Vancouver September 2010
Housing and Homelessness City of Vancouver September 2010 1 Table of Contents Overview Key Housing Issues Homelessness Rental Housing Affordable Home Ownership Key Considerations 2 OVERVIEW 3 Overview
More informationIan Perry and Your Housing Group
Ian B Perry Ian Perry and Your Housing Group Ian B Perry CEO Harvest Housing Group for 26 Years Founder of YHG and Transition Lead Chair of Key PFI, Procurement & Development Organisations RICS Management
More informationCity of St. Petersburg, Florida Consolidated Plan. Priority Needs
City of St. Petersburg, Florida 2000-2005 Consolidated Plan Priority Needs Permanent supportive housing and services for homeless and special needs populations. The Pinellas County Continuum of Care 2000
More informationCCT and CapitaLand intend to jointly develop Market Street Car Park into an ultra-modern Grade A office tower
FOR IMMEDIATE RELEASE CCT and CapitaLand intend to jointly develop Market Street Car Park into an ultra-modern Grade A office tower - Project estimated to cost S$1.4 billion and designed by the internationallyacclaimed
More informationFY2017/2018 Results Announcement Fourth Quarter ended 30 June 2018
FY2017/2018 Results Announcement Fourth Quarter ended 30 June 2018 28 August 2018 FY2017/2018 Financial Performance 2 Financial Year Ended 30 June 2018 In RM m 4QFY18 4QFY17 YOY % FY2018 FY2017 YOY % Revenue
More informationOVERVIEW OF RECENT/EXPECTED ECONOMIC/ HOUSING MARKET CONDITIONS
OVERVIEW OF RECENT/EXPECTED ECONOMIC/ HOUSING MARKET CONDITIONS STRONG ECONOMIC FUNDAMENTALS *BUT* EXTRAORDINARY SHORT-TERM FACTORS RESULTING IN MAJOR SHIFTS IN TYPES OF HOUSING PRODUCTS AND GEOGRAPHICAL
More information2013 San Diego Economic Outlook. 29 th Annual Economic Roundtable Marney Cox Chief Economist San Diego Association of Governments January 25, 2013
213 San Diego Economic Outlook 29 th Annual Economic Roundtable Marney Cox Chief Economist San Diego Association of Governments January 25, 213 US The Problem Slow Economic Growth Gross Domestic Product
More informationTEE FABIKUN. Document Ref: REP.LP Matter 3 Housing
TEE FABIKUN Document Ref: REP.LP.145-01 Matter 3 Housing 1. Bearing in mind the recent Inspector s report following the Further Alterations to the London Plan (FALP) examination (see paragraphs 31-35 of
More informationRent setting Policy. Contents. Summary:
Rent setting Policy Summary: This policy sets out Genesis Housing Association s approach to rent setting and rent increases and decreases for all properties. The policy sets out how we will calculate and
More informationHousing Vancouver Strategy
Housing Vancouver Strategy Presentation To City Council November 28, 2017 Housing Affordability - A City on the Edge 1 ecstaticist The Challenges Are Many and Complex 2 We Need to Do More to Keep Vancouver
More informationFilling the Gaps: Stable, Available, Affordable. Affordable and other housing markets in Ekurhuleni: September, 2012 DRAFT FOR REVIEW
Affordable Land and Housing Data Centre Understanding the dynamics that shape the affordable land and housing market in South Africa. Filling the Gaps: Affordable and other housing markets in Ekurhuleni:
More informationINVESTMENT CHARACTERISTICS OF THE MALAYSIAN REISDENTIAL PROPERTY SECTOR
9TH PACIFIC RIM REAL ESTATE SOCIETY ANNUAL CONFERENCE Brisbane, Queensland, Australia 20-22 January 2003 INVESTMENT CHARACTERISTICS OF THE MALAYSIAN REISDENTIAL PROPERTY SECTOR Ting Kien Hwa Department
More informationChapter 7. Objective1 Assess Costs and Benefits of Renting. Chapter Objectives
Chapter 7 Selecting and Financing Housing McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Selecting and Financing Housing Chapter Objectives 1. Assess costs and
More informationA formal sale and purchase agreement ("SPA") will be executed upon all the conditions precedent in the Agreement are fulfilled.
FAJARBARU BUILDER GROUP BHD ("FBG" OR THE "COMPANY") PROPOSED ACQUISITION BY FAJARBARU LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FAJARBARU BUILDER GROUP BHD, OF A PIECE OF FREEHOLD LAND MEASURING 2.749
More informationThe City of Saskatoon Housing Business Plan November 2007
The City of Saskatoon Business Plan 2008 November 2007 A. Preface Sets out City of Saskatoon s role in housing. Response to: Council s Target of 500 affordable housing units per year; Update to the Saskatoon
More informationCommunity Housing Federation of Victoria Inclusionary Zoning Position and Capability Statement
Community Housing Federation of Victoria Inclusionary Zoning Position and Capability Statement December 2015 Introduction The Community Housing Federation of Victoria (CHFV) strongly supports the development
More informationMODERATE INCOME RENTAL HOUSING PILOT PROGRAM: APPLICATION PROCESS, PROJECT REQUIREMENTS AND AVAILABLE INCENTIVES
PAGE 1 OF 10 Planning - By-law Administration Bulletins Planning and Development Services, 453 W. 12th Ave Vancouver, BC V5Y 1V4 Φ 604.873.7000 fax 604.873.7060 planning@vancouver.ca MODERATE INCOME RENTAL
More information