8. TOP 5 DEVELOPMENT LAND TRANSACTIONS No Land Transacted Price (RM) Date 1 Pavillion Site Bukit Bintang 144.5 million Aug’ 05 2 YNH Site * Opp. Concorde Hotel 107.9 million * Feb’ 97 3 Jalan Raja Laut Next to Sogo 100 million Jan’ 04 4 Jalan Kia Peng Next to KL Convention Centre 65 million Aug’ 04 5 YNH Site * 63 million * Jul’ 04 Complete Property Services
9. TOP 5 OFFICE BUILDING TRANSACTIONS No. Building Transacted Price (RM) Year 1 Vision City 430 million Jul’ 07 2 KL Sentral, Lot A 404 million Jul’ 07 3 * Proposed CAHB HQ, KL Menara CIMB 375 million 460 million Jan’ 04 Dec’ 07 4 Kompleks Daya Bumi 270 million Jan’ 04 5 Empire Tower 270 million Aug’ 07 Complete Property Services
10.
11. 5. AMERICAN INVESTMENT RULE 72 Capital Value should DOUBLE in 10 years time at the interest cost of 7.2 % FV = PV (1+i) n i % = 7.2 % Term = 10 years Equivalent to Complete Property Services
23. Complete Property Services DESA SRI HARTAMAS (LAND AREA 1650-1760 SF) 2 STOREY TERRACE HOUSE TRANSACTED PRICE
24. 7. HIGH END CONDO SUPPLY IN KLANG VALLEY Complete Property Services
25. Cumulative Supply of High End Condominiums & Serviced Residences Units SUPPLY SITUATION Since 2006 supply of condo increased about 30,000 units Complete Property Services
26. EXISTING & FUTURE SUPPLY - KLANG VALLEY Complete Property Services Existing Supply No. of Units Percentages Developments Ampang Hilir/U-Thant 45 1,999 9% Bangsar 23 2,371 11% City Centre/Bukit Bintang 12 3,378 15% Damasara Heights 9 1,034 5% Kenny Hills 10 617 3% KL Sentral/Brickfields 2 1,000 5% Kuala Lumpur City Centre 29 4,613 21% Mont' Kiara/Sri Hartamas 25 7,059 32% Total Existing Supply 155 22,070 100% Future Supply Ampang Hilir/U-Thant 13 1,769 8% Bangsar 6 832 4% City Centre/Bukit Bintang 11 3,688 17% Damasara Heights 3 433 2% KL Sentral/Brickfields 3 668 3% Kuala Lumpur City Centre 222 6,005 27% Mont' Kiara/Sri Hartamas 20 6,260 29% Pantai/Kerinchi 2 2,288 10% Total Future Supply 80 21,942 100% Grand Total 44,012
28. FUTURE DEVELOPMENTS (Klang Valley) - Supply Complete Property Services 2009 2010 2011 2012 (29 Developments) (14 Developments) (30 Developments) (10 Developments) 1 Iringan Hijau 1 Amarin Wickham 1 9 Madge (lot 126, Sec 89A) 1 Vida SOHO 2 Jutawarna Condo (Lot 215, 216 & 84) 2 Brunsfiled Embassy 2 Damai 206 (Lot 206) 2 Platinum Park - Platinum Concierge Suites 3 U-Thant Residence 3 Eminet Garden 3 D'Rapport @ Ampang Ph 1 - Festa 3 Platinum Park - Platinum Residence 1 4 Bangsar Peak (Lot 40395 & 40396) 4 Gallery @ U-Thant 4 Karana Residency 2 4 Platinum Park - Platinum Residence 2 5 Ken Bangsar Serviced Residences 5 Regalia @ Sultan Ismail 5 Lot 19, Section 89A (Bandar Park) 5 St. Mary Project 6 One Menerung 6 Hampshire Place 6 Ssangyong Residences 6 The Four Seasons Place 7 Chearwater Residence 7 The Crest 7 D9 Bangsar 7 Kiara 3 8 231 TR 8 D'Tiara 8 Gaya Bangsar 8 The Park Residences - Phase 2 9 Bintang Fairlane Residence 9 Gateway Kiaramas (Lot 2375, K5) 9 Suasana Bangsar 9 The Park Residences - Block Acacia 10 Taragon Putri KL - Residences Tower 10 Palazzio Sunway 10 Zephyt Point 10 The Park Residences - Block Begonia 11 The Pavilion Residence 11 Verve Suites 11 Exquisite Skyline by UMLand 12 163 Suites 12 Matahari 12 Millennium Residence 13 Ampersand @ Kia Peng 13 Lumina Kiara 13 Swiss Garden Residence 14 Hampshire Residences 14 Twins @ Damansara Heights 14 Cap Square Residence 2 15 Idaman Residence 15 12 Kia Peng 16 One KL 16 51 Gurney 17 Zehn Bukit Pantai 17 Ritz-Carlton Residences 18 Kiara 1888 18 Menara DNP 19 Mont' Kiara Meridin (MK23) 19 Regent Hotel & Residences 20 One Residency 20 Setia Sky Residence 21 Solaris @ Dutamas (Park/Boulevard/Urban) 21 The Pearl @ KLCC 22 Seni Mont' Kiara 22 Residential Mutiara 23 MyHabitat 1 & 2 23 11@Month' Kiara (MK11) 24 633 Residency (Lot 633, Section 55) 24 Duta Kingsbury Park - Tower Residences 25 10 Mont' Kiara (MK10) 25 (Parcel K3 Sri Hartamas) 26 Casa Kiara 2 - 11/2009 26 Kiara 9 (Lot 1897) 27 Ceriaan Kiara (Radiant Mont' Kiara) 27 MK28 - Lot 1870 & 1871 28 Tiffani by Izen 28 One Kiara 29 The Troika 29 Sunway Vivaldi 30 Panorama @ KLCC
29. 8. SUMMARY OF NEW LAUNCH, UNDER CONSTRUCTION AND UPCOMING CONDOMINIUM DEVELOPMENTS WITHIN THE MONT’ KIARA AREA Complete Property Services
30. COMPLETED Complete Property Services Development Name No. of Storey/ Blocks 1. Kiaraville 1 block 28 storey & 1 block 33 storey 2. Hijauan Kiara 7 blocks 3. Kiaramas Ayuria 3 blocks of 35 storey towers 4. Kiara Banyan 1 block of 33 storey tower 5. Kiara Designer Suites 1 block of 29 storey tower 6. i-Zen@Kiara I 2 bloks of 35 storey towers 7. i-Zen@Kiara II 2 bloks of 35 storey towers
31. COMPLETING SOON Complete Property Services Development Name No. of Storey/ Blocks Developer’s Name 1. Changkat View 4 Towers Plenitude 2. Kiara 1888 2 buildingss of 9 and 33 storey Mitraland Group 3. Ceriaan Kiara 2 blocks of 28 and 29 storey towers YNHB 4. Tiffani by i-Zen 2 blocks of 26 and 38 storey towers Aseana Ireka 5. The 1 blocks of 33 storey Bukit Kiara Properties 6. [email_address] Commercial Sunrise Group 7. Windsor & Waldorf Sri Hartamas - Mayland
32. UNDER CONSTRUCTION Complete Property Services Development Name No. of Storey/ Blocks Developer’s Name 1. Palazzio Sunway 2 blocks 20 storey each Suncity Berhad 2. Matahari Luxury Condos@ Desa Sri Hartamas - Maymont Development SB 3. The Icon Mont’ kiara 1 block of 27 storey tower Mah Sing Group 4. Amverton Rise 2 blocks of 18 qand 30 storey tower A & M Realty 5. The Verve Suites Phase II - IV - Bukit Kiara Properties 6. Casa Kiara II 1 block of 34 storey tower Suncity-Dijaya 7. Gateway Kiaramas 2 blocks of 11 and 30 storey Quest 8. ’ Kiara 2 towers of 40 storey each Aseana Ireka 9. ’ Kiara 2 blocks of 28 and 16 storey tower Aseana Ireka 10. MK Meridian 1 blocks of 31 storey tower Sunrise Group 11. 10@Mont’ Kiara 2 blocks of 40 and 43 storey tower C
33. TO BE LAUNCHED Complete Property Services Development Name No. of Storey/ Blocks Developer’s Name 1. Lumina Kiara 3 blocks of 23, 29 and 52 storey towers ECH Development & Mgmt SB 2. One Kiara 2 blocks of 38 and 32 storey towers - 3. Kiara 9 1 block of 41 storey tower Mitrajaya 4. 3 blocks of 23, 42 and 42 storey towers YNHB 5. Duta Kiara 163 Suites 3 blocks of 23, 42 and 42 storey towers YNHB 6. Crest Builder’s ’ Kiara - Crest Builder 7. HR United’s Mont Kiara - - 8. 11@ ’ Kiara 3 towers Sunrise Group 9. MK 20 - Sunrise Group 10. MK 28 2 towers Sunrise Group 11. 10@Mont’ Kiara 2 blocks of 40 and 43 storey tower C
34. TO BE LAUNCHED Complete Property Services Development Name No. of Storey/ Blocks Developer’s Name 12. ’ s Commercial MK - Sunrise Group 13. ’ s Solaris@ Dutamas Phase II Office Tower - Sunrise Group 14. Aseana Ireka’s 2 nd Phase SENI Mont’ Kiara - Aseana Ireka 15. Sime Darby’s Mont Kiara - Mayland 16. Asia Quest’s Kiaramas Danai@Mont’ Kiara - Quest
35. 9. INCOMING SUPPLY OF CONDO WITHIN KLCC AREA & MONT’ KIARA Complete Property Services
36. ESTIMATED INCOMING SUPPLY (No. of Units) KLCC AREA & MONT’ KIARA Complete Property Services Year KLCC Mont’ Kiara 2009 1,740 2,980 2010 465 1,470 2011 2,000 1,650 2012 1,800 160 Total 6,005 6,260
44. Sunway Vivaldi 2,600 sq. ft to 3,500 sq.ft Above RM 2,500,000 per unit Completion on Feb 2011 228 units Complete Property Services
45.
46. Hijauan Kiara 2,090 sq.ft to 3,792 sq.ft RM 1,400,000 RM 669 psf Current Asking Price RM600-650 psf 188 units Complication on early 2008j Complete Property Services
47. Verve Suites 462 sq.ft to 932 sq.ft RM 400,000 to RM 988,000 RM 865.80 psf to RM 1,060 psf 399 units Completion on 2012 Complete Property Services
48. Kiara 1888 Condo & Villas 1,238 sq.ft to 3,983 sq.ft RM 567,970 to RM 2,051,760 RM 458.78 psf to RM 515.13 psf 182 units Completion of end 2008 Complete Property Services
49. 10 @ Mont Kiara 3,478 sq.ft to 7,500 sq.ft RM 1,778,000 to RM 5,043,000 RM 511 psf to RM 672 psf 332 units Completion on Sept 2007 Complete Property Services
50. Casa Kiara II @ Mont Kiara 1,375 sq.ft to 1,574 sq.ft RM657,191 to RM 1,647,366 RM 478 psf 206 units Completion on Nov 2009 Selling Price RM480 psf Complete Property Services
51. Matahari Luxury Super Condos 3,909 sq.ft to 10,823 sq.ft RM 3,107,666 RM 850 psf to RM 1000 psf 158 units Completion on March 2010 Complete Property Services
52. Palazzio – SOLD OUT 2,507 sq.ft to 5,327 sq.ft RM 2,219,000 RM 840 psf 160 units Completion on 2010 Complete Property Services
53. 11. KLCC AREA TRANSACTED PRICE Complete Property Services
59. KLCC AREA - TRANSACTED PRICE Complete Property Services KLCC VICINITY 3 KIA PENG TRANSACTED PRICE
60. The Troika 2045 sq ft to 9053 sq ft RM1,881,400 to RM8,328,760 RM 920 psf 164 units Completion on 2009 Selling Price above RM1,400 psf Complete Property Services
61. Binjai Residency 2100 sq ft to 2326 sq ft RM1000 psf to RM1300 psf 100 units Completion in 2007 Selling Price RM900 to RM1,100 psf Complete Property Services
62. K-Residence 1400 sq ft to 12,000 sq ft RM700 psf to RM1,000 psf 188 units Completion on 2008 Selling Price RM1,100 to RM1,200 Complete Property Services
63. Avare 3600 sq ft to 5700 sq ft RM3,970,000 to RM10,900,000 RM800 psf 78 units Completion on 2008 Selling Price RM1000 to RM1,100 Complete Property Services
64. KL Pavilion 1234 sq ft to 7174 sq ft RM975 psf 368 units Completion on 2009 Selling Price RM1200 to RM1300 psf Complete Property Services
65. The Binjai at KLCC 2213 sq ft to 3700 sq ft RM1000 psf onwards 171 units Completion on 2009 Complete Property Services
66. Complete Property Services American International Group Inc (AIG) 1.10 unch Open: unch High: unch Low: unch Previous Close: 1.10 Volume: 1,919,050 After Hours: 1.03 -0.07 / -6.36% Vol. 1,850,936 Eastern Time
67. Complete Property Services Citigroup Inc (C) 2.81 unch REAL ESTATE INVESTMENTS Vs STOCK MARKET Open: unch High: unch Low: unch Previous Close: 2.81 Volume: 2,408,069 After Hours: 2.70 -0.11 / -3.91% Vol. 2,346,333 Eastern Time
68. PRICES IN KLCC Complete Property Services Residential Property Launch Prices (RM psf) Selling Prices (RM psf) Stonor Park 500 980 Dua Residency 500 850 Park Seven 750 1,350 Pavilion Residences 975 1,300 Ampersand@Kia Peng 820 1,200 Panorama 1,250 1,400 Regent Residence 2,500 - Binjai on The Park 2,800 -
69. 12. CURRENT REAL ESTATE MARKET SCENARIO Complete Property Services
70.
71. NPL cases expected to increase further Proclamation sale/Auction cases have been increasing in the last 12 months NPL cases – First Pacific valued RM285.0 mil for Banks Even KLCC and good location properties auctions eg. TTDI CSH2 -> 13 bidders -> Reserved Price RM945,000.00 -> Sold for RM1,215,000.00 FORECLOSURE CASES Complete Property Services
72.
73. Complete Property Services 5 Location : Mont’ Kiara 20 Commercial Space (retail office & serviced apartments) Vendor : Sunrise Bhd Purchaser : Malaysia Commercial Development Fund (MCDF) Transacted Price : RM767 mil (mutually terminate) 6 Location : Shoplot Summit City USJ Vendor : SYE Resource Bhd Purchaser : AM Ara REIT Managers Sdn Bhd Transacted Price : Sell & Leaseback @ RM8.0 mil 7 Location : JV to build Laman Duta Vendor : Warta Development Sdn Bhd Purchaser : IJM Transacted Price : JV aborted 8 And many more….
75. RE Prices High End Condo 5% to 10% Situation – just got out from the ICU suffered from Heart Attack, - still weak& - recuperating state Hopeffuly - No Re attack Complete Property Services
76. RE Market Plus Points 1. BLR is low Interest decline ↑ purchase affordability 2. High End Condo Value and Office Value are much lower than most other cities in the regions 3. Malaysia Property Incorporated - promoting Malaysia as Property Investment destination - having road shows to : - South Korea - China - Japan - Britain - India Complete Property Services
77.
78. The End Complete Property Services First Pacific Group Services 2009 THANK YOU 10.00 pm
Notas do Editor
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First Pacific started in 1993 and grew into a group of companies. Is a firm of Registered Valuers, Real Estate Agents, Projects Managers and Property Consultants with the Board of Valuers, Appraisers and Estate Agents of Malaysia. We provide complete property services from valuation to real estate agency services, projects management and marketing. Work experience prior to setting up FIRST PACIFIC includes – Real Estate Professional Group (Adelaide, Australia); Richard Ellis International (Auckland, New Zealand); Jones Lang Wootton and City valuers & Consultants Sdn Bhd (both in Kuala Lumpur, Malaysia)
These are just a small sample of our clients list
These are just a small sample of our clients list
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This brings to end my presentation today. I will be glad to answer any questions you may have regarding our company or services after this. Once again I thank you for being here today and for the opportunity to present myself, my company and our services to you all.