HARTAMAS NOTES FOR THE WEEK-Make Real Estate A Breeze
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HARTAMAS NOTES
FOR THE WEEK
-Make Real Estate A Breeze-
14 Feb 2021 - 28 Feb 2021
By
ResearchLead from the back
and let others believe
they are in front.
Nelson Mandela
( a political leader, philanthropist, President of South Africa )
What you need to know this week:
03 Kuala lumpur and Selangor office monitor 4Q2020
04 Property market displaying signs of resilience despite Covid-19
GDP
05 World Bank: Malaysia GDP to recover in 2021 on effective
vaccine deployment
02The way forward
for offices
What’s going on here?
Kuala Lumpur and Selangor Office Monitor 4Q2020 shows that the
average rental and overall occupancy rates of office space in KL city,
KL fringe and Selangor remained under pressure in 4Q2020.
What does this mean?
According to Knight Frank Malaysia, the tenant-led office market is
expected to remain relatively soft in the near term. More organisations
have started to consider co-working and flexible workspaces in their
real estate planning as it allows them flexibility to control their space
requirements and length of term. Meanwhile, landlords will work to
support the arrangement, continue to focus on asset management
and leasing strategies that are centred on cost optimisation and tenant
retention to overcome the challenging environment.
Why should I care?
While the office is here to stay, it needs a tweak to its purpose for
collaboration and flexibility where health and safety will remain top
of mind for occupiers.
03Resilience in
property market
What’s going on here?
PropertyGuru Malaysia country manager said that the property
market is resilient despite the current number of Covid-19 cases
and extended MCO 2.0.
What does this mean?
The latest PropertyGuru Malaysia Property Market Index (MPMI)
report showed no changes in the overall asking prices for the final
quarter of 2020. In Selangor, asking prices improved by 0.84%
compared to the last quarter which indicates an upward movement
of prices in 2021. The property market will be driven by "movers"
and "waiters" this year, where some will move into the market to take
advantage of prevailing favourable conditions, while others wait for
further price drops or more stable financial situations.
Why should I care?
With the positive GDP forecast and the history low OPR rate that
might be further reduced, the property market is expected to improve
considerably from June onward this year.
04Vaccines and
GDP
What’s going on here?
According to the World Bank, Malaysia’s economy is expected to
grow by 5.6 - 6.7% this year following the global rollout of the
Covid-19 vaccination programme that will boost consumption worldwide.
What does this mean?
Malaysian Economic Outlook 2021 forecasts the country’s external
trade to grow by 3.9% as a result of the recovery in global trade and
supply chains. The government is in total control of the fiscal policy
and will continue to step in when required. In the monetary landscape,
Bank Negara Malaysia still has a lot of room to manoeuvre. Inflation,
however, is likely to make a comeback in 2021 signalling a stronger
surge in consumer spending.
Why should I care?
With the belief that the economic recovery would follow with the
recovery in public health, the government is targeting to vaccinate
almost 27 million people, representing over 80% of the country's
population, by the first quarter of 2022 to achieve herd immunity.
05What else we are
reading
Maintaining the momentum
27/2, TheStar >>> Read More
Inflation expected to return on high fuel prices, demand
26/2, TheStar >>> Read More
New launches, positive sentiment to drive Sime Darby
Property in FY21
26/2, NST >>> Read More
Worst not over for hotel industry, says MAH president
26/2, NST >>> Read More
Penang - Modest pace in 2021
24/2, NST >>> Read More
Malaysia's CPI falls 0.2% in January
24/2, TheStar >>> Read More
Vaccine hope for office sector
20/2, TheStar >>> Read More
Savills’ real estate industry outlook for 2021
20/1, TheEdgeMarket >>> Read More
LBI Capital to develop properties with GDV
of RM220mil-240mil
18/2, TheStar >>> Read More
Immunisation will strengthen M’sia in global supply chain
18/2, TheStar >>> Read More
Moody's: Malaysia, Singapore positioned to gain from
global growth in 2022
17/2, TheStar >>> Read More
Klang Valley - Volatility continues in 2021
15/2, NST >>> Read More
06SkyWorld offers full financing for its latest launches
22/2, NST >>> Read More
Mah Sing to develop Bandar Baru Salak Tinggi homes
20/2, TheStar >>> Read More
Prime industrial assets in Klang on the radar of
developers, manufacturers, and investors
16/2, NST >>> Read More
Port infrastructure to drive growth for logistics
industry — Knight Frank
16/2, TheEdgeMarket >>> Read More
Hong Kong’s retail sector to rebound with coronaviru
vaccine, says New World Development
27/2, SCMP >>> Read More
China sets 15-year transport expansion plan as it seeks
to double size of economy by 2035
26/2, SCMP >>> Read More
Mainland property developers surge as major Chinese
cities prepare to alter land auction system
25/2, SCMP >>> Read More
Bad news for Shenzhen housing speculators as officials
steer home prices below market levels
24/2, SCMP >>> Read More
Australian developer Crown Group targets Malaysians for
its pipeline launches
23/2, NST >>> Read More
Hong Kong's weekend home sales jump to eight-year high
22/2, NST >>> Read More
07Chinese investors look south to Hong Kong as outflow rules ease
21/1, SCMP >>> Read More
Singapore Minister flags risks of low rates on
property market
17/2, NST >>> Read More
Hong Kong housing deals to rise in Year of the Ox,
after downbeat Year of the Rat: analysts
16/2, SCMP >>> Read More
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[Disclaimer: All content provided by Hartamas Sdn. Bhd. is for informational and educational
08
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