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PENANG MARKET:MAINLAND VS ISLAND?
WHERE ARE THE HOT SPOTS NOW?
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PRESENTED
B Y
SR. MICHAEL GEHS E N I O R P A R T N E R
R A I N E & H O R N E I N T E R N A T I O N A LZ A K I + P A R T N E R S S D N . B H D .
m i k e g e h @ m a c . c o mF a c e b o o k : M I K E G E H
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STATE OF NORTHERN REGION
• Total population in Malaysia was estimated at about 32 millionpeople in 2016.
• In 2016, total population in Perlis, Kedah and Pulau Pinang wasestimated at:
State Estimated Population
Perlis 0.25 million
Kedah 2.1 million
Pulau Pinang 1.7 million
Total 4.05 million (approx. 12.8% from total population in Malaysia)
Johor 3.7 million
Source: Department of Statistics Malaysia
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STATE OF NORTHERN REGION
Source: Department of Statistics Malaysia
State Population (%)
Selangor 19.9
Sabah 12
Johor 11.5
Sarawak 8.7
Perak 7.8
Kedah 6.7
Kelantan 5.7
WP Putrajaya 5.6
Pulau Pinang 5.4
Pahang 5.1
Terengganu 3.7
Negeri Sembilan 3.5
Melaka 2.8
Perlis 0.8
WP Kuala Lumpur 0.3
WP Labuan 0.3
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Country Estimated Population Area (sq. km) Population Density(per sq. km.)
Singapore 5.6 million 719 7,789
Philippines 104.2 million 300,000 347
Indonesia 258.8 million 1,904,569 136
Thailand 69.0 million 513,120 134
Malaysia 31.7 million 330,803 96
DEMOGRAPHICS OF NEIGHBOURING COUNTRIES
Source: World Economic Outlook Database, October 2016, International Monetary Fund (IMF) & Wikipedia
• Malaysia has the lowest population per square kilometres.
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Sub-Sector Residential Commercial Industrial AgriculturalDevelopment
LandOther Total
Number of Transactions 6,698 776 197 871 593 23 9,158
Value of Transactions(RM Billion)
2.649 0.539 0.464 0.266 0.770 0.013 4.70
Source: NAPIC Source: NAPIC
Residential; 73.14%
Commercial; 8.47%
Industrial; 2.15%
Agricultural; 9.51%
Development Land; 6.48% Others; 0.25%
Number of Property Transactions in Pulau Pinangby Sub-Sector, 1H 2016
Residential; 56.34%
Commercial; 11.47%
Industrial; 9.88%
Agricultural; 5.66%
Development Land; 16.38% Others; 0.27%
Value of Property Transactions (RM Billion) in Penang by Sub-Sector, 1H 2016
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Source: NAPIC
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2012 2013 2014 2015 2016
Number of Transactions 7,007 8,866 8,302 6,802 5,748 5,703 6,460 6,435 6,416 6,513 5,757 6,869 5,637 5,564 5,060 5,294 4,278 4,879 4,382
Value of Transactions (RM Billion) 2.63 3.46 3.32 3.49 2.70 2.92 4.11 3.76 3.78 3.44 3.15 3.40 3.58 2.84 2.39 2.89 2.26 2.44 2.15
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Number and Value of ALL Property Transactions in Pulau Pinang,Q1 2012 - Q3 2016
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Source: NAPIC
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4e Q1e
2012 2013 2014 2015 2016 2017
Number of Transactions 4,981 6,908 6,398 4,979 4,193 4,290 4,519 4,698 4,291 4,732 4,194 5,193 3,834 3,909 3,815 3,733 3,110 3,588 3,201 2,297 2,527
Value of Transactions (RM Billion) 1.49 1.91 1.88 1.80 1.55 1.71 1.80 2.04 1.88 1.89 1.75 2.06 1.55 1.59 1.43 1.61 1.21 1.44 1.35 1.03 1.13
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Number and Value of RESIDENTIAL Property Transactions in Pulau Pinang,Q1 2012 - Q3 2016 & Forecast for Q4 2016 – Q1 2017
e = estimate
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Source: NAPIC
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2012 2013 2014 2015 2016
Number of Transactions 776 743 722 585 464 523 643 610 708 539 517 633 675 553 478 434 320 455 377
Value of Transactions (RM Billion) 0.40 0.47 0.38 0.57 0.31 0.35 0.65 0.50 0.51 0.37 0.41 0.44 0.90 0.41 0.33 0.43 0.18 0.36 0.21
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Number and Value of COMMERCIAL Property Transactions in Pulau Pinang,Q1 2012 - Q3 2016
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Source: NAPIC
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2012 2013 2014 2015 2016
Number of Transactions 153 150 215 206 120 129 159 141 102 129 116 157 288 139 91 114 102 95 98
Value of Transactions (RM Billion) 0.20 0.15 0.25 0.22 0.13 0.23 0.23 0.21 0.16 0.16 0.20 0.18 0.25 0.19 0.15 0.14 0.31 0.16 0.24
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Number and Value of INDUSTRIAL Property Transactions in Pulau Pinang,Q1 2012 - Q3 2016
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Source: NAPIC
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2012 2013 2014 2015 2016
Number of Transactions 530 520 445 482 451 408 516 498 649 614 552 545 451 604 375 590 423 448 328
Value of Transactions (RM Billion) 0.14 0.20 0.18 0.15 0.14 0.13 0.18 0.27 0.24 0.24 0.37 0.15 0.18 0.26 0.12 0.18 0.13 0.13 0.12
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Number and Value of AGRICULTURAL Property Transactions in Pulau Pinang,Q1 2012 - Q3 2016
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Source: NAPIC
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2012 2013 2014 2015 2016
Number of Transactions 563 544 513 544 518 350 614 477 665 493 376 337 381 358 285 407 303 290 377
Value of Transactions (RM Billion) 0.40 0.73 0.62 0.73 0.57 0.49 1.25 0.74 0.98 0.78 0.42 0.57 0.70 0.38 0.36 0.50 0.43 0.34 0.23
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Number and Value of DEVELOPMENT LAND Transactions in Pulau Pinang,Q1 2012 - Q3 2016
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Source: NAPIC
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2He
2010 2011 2012 2013 2014 2015 2016
Number of Transactions in Primary Market 855 1,659 5,934 7,801 3,605 3,697 1,448 1,302 1,841 2,254 1,418 1,530 1,040 640
Number of Transactions in Secondary Market 7,446 8,273 7,898 9,041 8,284 7,680 7,035 7,915 7,182 7,133 6,325 6,018 5,658 4,858
Total Number of Transactions 8,301 9,932 13,832 16,842 11,889 11,377 8,483 9,217 9,023 9,387 7,743 7,548 6,698 5,498
Value of Transactions in Primary Market 0.21 0.29 1.10 1.72 0.76 1.08 0.62 0.58 0.77 1.03 0.59 0.69 0.48 0.43
Value of Transactions in Secondary Market 1.96 2.38 2.30 2.61 2.65 2.60 2.63 3.26 2.99 2.78 2.55 2.35 2.17 1.95
Total Value of Transactions 2.17 2.66 3.39 4.33 3.41 3.68 3.25 3.84 3.77 3.81 3.14 3.03 2.65 2.38
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Number and Value of Residential Property Transactions by Category in Pulau Pinang,1H 2010 1H 2016 & Forecast for 2H 2016
e = estimate
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Source: NAPIC
1H 2H 1H 2H 1H 2H 1H 2H 1H 2He
2012 2013 2014 2015 2016
< RM100,000 3,775 3,442 1,677 1,852 1,662 1,798 1,571 1,734 1,497 1,264
RM100,001 - 200,000 3,316 2,946 2,121 2,133 1,888 1,952 1,603 1,442 1,354 1,100
RM200,001 - RM500,000 3,170 3,020 2,828 2,981 3,178 3,359 2,782 2,668 2,227 1,814
RM500,001 - RM1,000,000 1,154 1,381 1,307 1,503 1,620 1,625 1,222 1,169 1,205 990
> RM1,000,001 474 588 550 748 675 653 565 535 415 330
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Number of Residential Property Transactions by Price Range in Pulau Pinang,1H 2012 – 1H 2016 & Forecast for 2H 2016
e = estimate
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Source: NAPIC
< RM100,000; 22.35%
RM100,001 -200,000; 20.21%RM200,001 -
RM500,000; 33.25%
RM500,001 -RM1,000,000;
17.99%
> RM1,000,001; 6.20%
Percentage Share of Number of Residential Property Transactionsby Price Range in Pulau Pinang, First Half of 2016
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PUBLIC TRANSPORT NETWORK
Source: pgmasterplan.penang.gov.my
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HIGHWAYS & ROADS
Source: pgmasterplan.penang.gov.my
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NEW LAUNCHES IN PENANG
Project Location Developer Property TypeNo. of Units
Built-up Area(sq. ft.)
Selling Price
Queens Residence @ Queens Waterfront
Bayan Lepas(near
Queensbay)
Ideal Property
GroupCondominium
Phase 1: 500
950 – 1,650From
RM787,900
Amaris Terraces By The Sea @ Seri Tanjung Pinang
Tanjung Pinang, Tanjong Tokong
Eastern & Oriental Bhd
(E&O)3-storey Terrace 29 5,262 – 6,056
From RM3.78 million
Waterside Residence @ The Light
Gelugor (beside Penang Bridge)
IJM Land Bhd Condominium 256 1,055 – 1,270From
RM749,000
Marriott Residences Gurney Drive BSG PropertyHotel and
CondominiumCondo: 294
Condo: 850 – 2,500
N/A
Meritus Residensi Jalan Baru, Prai Hua Yang BhdService Apartment
and Retail Unit
Service Apartment:
480945 onwards From 364,500
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NEW LAUNCHES IN PENANGProject Location Developer Property Type
No. of Units
Built-up Area(sq. ft.)
Selling Price
Beacon Executive Suites
Sungai Pinang,Georgetown
Aspen Group SoHo 227 980From
RM613,000
SummerSkye Bayan Lepas
Ideal Property
Group
Condominium 507 1,100 – 1,200From
RM589,000
Forest Ville Bayan Lepas Condominium 991 1,000 – 1,050RM459,000 –RM626,000
One Foresta Bayan Lepas Condominium 1,343 900RM300,000 –RM400,000
i-SantoriniTanjung Pinang, Tanjong Tokong
Condominium 2,155 850RM300,000 –RM460,000
Setia Sky Vista Relau SP Setia Condominium 426 1,100 – 1,400From
RM650,000
Vertu Resort Condominium @ Aspen Vision City
Batu Kawan Aspen Group Condominium 1,282 1,030 – 1,800From
RM418,000
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STRENGTHS• Pg: Silicon Valley of Malaysia.
• Pg : Renowned Tourism Destination.
• Pg : World Class Education HUB.
• Pg : Billion Dollar Medical Tourism Center.
• Pg : International Airport Gateway of Northern Malaysia.
• Pg: Top Global Retirement Destination.
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WEAKNESS• Pg : Over dependent on Industrial SMI / SME / MNC.
• Pg : Secondary International Airport. No Direct Flight to Australia, Europe & Middle East.
• Pg : Depends on Self-Help on Important Infrastructure.
• Pg : Strong Presence of Neighbourhood NGO.
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OPPORTUNITIES• Pg : Strong Services and Tourism Sector Supporting The Strong
Tourist Arrival.
• Pg : More air charter flights and cruise ship Connecting and Arriving.
• Pg : World class Developer has Penang on Radar and Participates in RFP.
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THREATS• Strong Competition from Iskandar Region & Klang Valley.
• Sensitive to Industry Sector Slumps.
• Higher Land Prices & increased developer levies lead to HigherHouse Delivery Cost.
• High Speed Rail By-Passing K&P&Pg.
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CRYSTAL BALL GAZING INTO2016 - 2017
• Transaction Figures are down BUT Value & Optimism is High.
• When Bank Negara Malaysia (BNM) relaxes Housing Sector loans, Market will Move Again.
• Transport Masterplan Will Be Catalyst For the Penang Property Market.
• World Optimism On Penang.
• Retirement, Food & Lifestyle Heaven.
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CRYSTAL BALL GAZING INTO2016 - 2017
• The Estimated Number & Value of Residential Property Transactions for Q4 2016 is 2,297 Units Worth RM1.03 Billion.
• The Estimated Number & Value of Residential Property Transactions for 2016 is 12,196 Units Worth RM5.03 Billion
• The Estimated Number & Value of Residential Property Transactions for Q1 2017 is 2,527 Units Worth RM1.13 Billion.
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Mainland• Bertam
• Penang Sentral• Iconic City• Batu Kawan
Island• Georgetown• Batu Maung
• Karpal Singh / Sungai Pinang• Bayan Baru
• Tanjung Tokong
Property Hotspots in Penang
CRYSTAL BALL GAZING INTO
2016 - 2017
VS
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Bertam
Iconic City
Penang Sentral
Batu Kawan
Batu Maung
Bayan Baru
Karpal Singh /
Sungai Pinang
Georgetown
VS
Tanjung Tokong
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ATTRACTIONS & ACTIVITIES IN PENANG
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THE END
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