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New Straits Times - - Property - RES­I­DEN­TIAL AGRI­CUL­TURAL LAND COM­MER­CIAL DE­VEL­OP­MENT LAND IN­DUS­TRIAL 2017 OUT­LOOK

HE prop­erty mar­ket in Pon­tian soft­ened in the sec­ond and third quar­ters of last year, with a slight drop in the vol­ume and value trans­ac­tion.

The res­i­den­tial sub-sec­tor re­tained its lion’s share of the mar­ket, fol­lowed by agri­cul­tural, com­mer­cial, de­vel­op­ment land and in­dus­trial. Mar­ket ac­tiv­ity across all sub-sec­tors wit­nessed down­ward fig­ures, al­though buy­ing in­ter­est is still strong. In the re­view pe­riod, there were 1,624 trans­ac­tions worth RM1.12 bil­lion recorded.

Based on data from Na­tional Prop­erty In­for­ma­tion Cen­tre (Napic), Q2 2016 & Q3 2016 recorded 325 trans­ac­tions for a to­tal value of RM75 mil­lion. Prices of res­i­den­tial prop­erty were sta­ble on the whole with iso­lated move­ments.

Gen­er­ally, the new res­i­den­tial de­vel­op­ments in Pon­tian are on small schemes. Pon­tian Kechil town cen­tre, Kukup town and Pekan Nanas town are ac­tive ar­eas in res­i­den­tial de­vel­op­ment; other ar­eas are Jalan Parit Se­merah and Jalan Sawah, lo­cated on the fringes of the town.

In the re­view pe­riod, sin­gle-storey semi-de­tached houses saw a high num­ber of new launches, fol­lowed by dou­ble-storey ter­raced houses, dou­ble-storey semi-de­tached houses and de­tached houses. In to­tal, there were 12 new launches of res­i­den­tial de­vel­op­ments in the dis­trict of Pon­tian dur­ing the re­view pe­riod.

Prices for sec­ond-hand sin­gle-storey ter­raced houses in Pon­tian gen­er­ally range from RM250,000 to RM300,000 while prices for new launches range from RM300,000 to RM350,000. Sec­ond-hand units for dou­ble-storey ter­raced houses gen­er­ally range from RM320,000 to RM380,000, while for new launches, prices range from RM400,000 to RM500,000.

Prices for sin­gle-storey semi-de­tached units gen­er­ally range from RM320,000 to RM380,000 (sec­ond-hand units) and RM380,000 to RM450,000 (new). Prices for dou­ble-storey semi-de­tached units range from RM380,000 to RM450,000 (sec­ond-hand units) and RM500,000 to RM600,000 (new).

For de­tached houses prices range from RM400,000 to RM600,000.

The land size for ter­raced houses range from 1,500 sq ft to 1,800 sq ft. Price is de­pen­dent on the land size, de­sign, and con­cept of the de­vel­op­ment.

The res­i­den­tial rental mar­ket re­mained promis­ing. Rental up­trend was recorded in sev­eral choice lo­ca­tions mainly due to ten­ancy and rental re­newals. Houses nearby town and com­mer­cial centres ex­pe­ri­enced rental growth. Fur­ther­more, lim­ited sup­ply of sin­gle- and dou­ble-storey low-cost ter­raced houses in sev­eral well lo­cated schemes also led to rental in­crease. Based on data from Napic, Q2 2016 & Q3 2016 recorded 534 trans­ac­tions for a to­tal value of RM194.62 mil­lion.

Prices of agri­cul­tural prop­erty were gen­er­ally sta­ble with in­creases noted in se­lected ar­eas. Higher prices were recorded in Kam­pung Sun­gai Boh, Teng­gayun and Teluk Kerang.

Gen­er­ally, lands lo­cated at in­te­rior roads recorded prices of RM130,000 to RM150,000 per 0.4ha while lands lo­cated along main roads recorded prices of RM200,000 to RM300,000 per 0.4ha.

The most ac­tive ar­eas are in Mukim of Rimba Ter­jun and Sun­gai Karang. The in­flu­enc­ing fac­tors are the com­ple­tion of a new road, namely Jalan Pekan Nanas-Tan­jung Bin and a few pro­posed res­i­den­tial de­vel­op­ments there.

The price of Malay Re­served land lo­cated in Jalan Pekan Nanas-Tan­jung Bin and the area sur­round­ing the Tan­jung Bin power plant recorded an in­crease to RM80,000 per 0.4ha, com­pared with RM50,000 three years ago. Other ar­eas re­main at RM45,000 to RM50,000 per 0.4ha.

Based on data from Napic, Q2 2016 & Q3 2016 recorded 47 trans­ac­tions for a to­tal value of RM20.95 mil­lion.

Per­for­mance of the com­mer­cial sub-sec­tor was mod­er­ate. A new com­mer­cial scheme lo­cated in Pon­tian — Pusat Per­ni­a­gaan Kota Emas — recorded a take-up rate of 80 per cent af­ter its com­ple­tion last year.

Higher prices and de­mand were recorded in the town area, i.e. Pon­tian Kechil town cen­tre and Pekan Nanas, fol­lowed by Benut and Kukup. New com­mer­cial de­vel­op­ments are lo­cated at Benut, Pekan Ayer Baloi and Pekan Nanas.

The prices for dou­ble-storey ter­raced shops range from RM380,000 to RM450,000 while three-storey ter­raced shops were priced from RM700,000 to RM900,000 for sec­ond-hand units. For new launches, the sell­ing prices start from RM600,000 and RM800,000 for dou­ble- and three­storey ter­raced shops, re­spec­tively.

A sim­i­lar sta­ble trend was seen in the rental seg­ment. How­ever, some se­lected schemes near shop­ping lo­cal­i­ties and newly com­pleted hous­ing schemes recorded a rental in­crease. Pos­i­tive rental move­ments were recorded also due to ten­ancy and rental re­newals. The ground floor re­mained in high de­mand com­pared with first or sec­ond floors.

Based on data from Napic, Q2 2016 & Q3 2016 recorded 706 trans­ac­tions for a to­tal value of RM790.52 mil­lion.

Prices of de­vel­op­ment land were gen­er­ally sta­ble with in­creases noted in se­lected ar­eas. De­vel­op­ment land zoned for res­i­den­tial, com­mer­cial and in­dus­trial pur­poses recorded higher prices at RM12 per sq ft, RM18 per sq ft and RM15 per sq ft, re­spec­tively. Mean­while, va­cant de­tached plots for res­i­den­tial, com­mer­cial and in­dus­trial pur­poses were priced from RM25 to RM30 per sq ft, RM40 to RM50 per sq ft and RM20 per to RM35 per sq ft, re­spec­tively.

Higher prices for in­dus­trial de­vel­op­ment land were recorded in Pekan Nanas, es­pe­cially at Kam­pung Jeram Batu and Ulu Pu­lai, and Sun­gai Boh which is near to Tan­jung Bin power plant. For res­i­den­tial de­vel­op­ment land, higher prices were recorded at Jalan Parit Se­merah in Pon­tian, Jalan Sawah in Pekan Nanas and within Ram­bah area. Benut, Pon­tian Kechil and Pekan Nanas reg­is­ter­ing higher prices for com­mer­cial de­vel­op­ment land. Agri­cul­tural land with de­vel­op­ment po­ten­tial — lo­cated in Jalan Pon­tian — Benut; Jalan Pon­tian — Pekan Nanas; Jalan Pekan Nanas — Tan­jung Bin; and Jalan Pon­tian — Kukup — recorded higher prices.

Sul­tan Ibrahim Sul­tan Iskandar also called for an­other air­port to be built in Jo­hor, as he said the Se­nai In­ter­na­tional Air­port could reach its ca­pac­ity in the fu­ture. He sug­gested Pon­tian as a pos­si­ble lo­ca­tion for the new air­port.”

Based on data from Napic, Q2 2016 & Q3 2016 recorded 12 trans­ac­tions for a to­tal value of RM48.86 mil­lion.

Prices of in­dus­trial prop­erty recorded mod­er­ate move­ment, with un­sold in­dus­trial prop­erty — both un­der con­struc­tion and com­pleted — reg­is­tered a mi­nor in­crease.

Ex­ist­ing in­dus­trial schemes in Pon­tian in­clude Kawasan Perindus­trian Pon­tian, Ta­man Perindus­tian Pon­tian Jaya, Ta­man Perindus­trian Pon­tian Maju, Pekan Nanas In­dus­trial Park, Ta­man Perindus­trian Ulu Choh and D’Hoff Park.

Mean­while, new in­dus­trial schemes en­ter­ing the mar­ket are Alam Jaya Busi­ness Park and The Cube. Pekan Nanas In­dus­trial Park con­quered the in­dus­trial prop­erty mar­ket in Pon­tian due to Shi­mano’s pres­ence.

The prices for dou­ble-storey ter­raced fac­to­ries start from RM700,000 while one-and-a-half­s­torey semi-de­tached fac­to­ries con­quered the in­dus­trial mar­ket with the price range of RM2 mil­lion to RM5 mil­lion, or RM200 to RM300 per sq ft per built-up area.

The prop­erty price in Pon­tian is ex­pected to in­crease, es­pe­cially in Serkat be­cause of the pro­posed bridge cross­ing Sun­gai Pu­lai and the link road from Pe­labuhan Tan­jung Pelepas to Tan­jung Bin. Other ar­eas in­clude Mukim of Air Masin and Sun­gai Karang, Daerah Pon­tian and Mukim Pu­lai Daerah Jo­hor Baru, Jo­hor.

The bridge and link road pro­vides a di­rect con­nec­tion be­tween Pe­labuhan Tan­jung Pelepas and Tan­jung Bin with a to­tal length of ap­prox­i­mately 7.5km — 3km as a long el­e­vated struc­ture, 4.2km on em­bank­ment fill and the re­main­ing 0.3km on un­treated ground.

Sul­tan Ibrahim Sul­tan Iskandar also called for an­other air­port to be built in Jo­hor, as he said the Se­nai In­ter­na­tional Air­port could reach its ca­pac­ity in the fu­ture. He sug­gested Pon­tian as a pos­si­ble lo­ca­tion for the new air­port.

Pon­tian, he said, could also be a strate­gic lo­ca­tion for an­other sea­port, due to its prox­im­ity to the Straits of Malacca. This spec­u­la­tion also gave ef­fect to fluc­tu­a­tion of prop­erty prices.

Story cour­tesy of Henry Butcher Malaysia

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