Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero...

91
CoŶŶeĐtiŶg the …… dots ďetweeŶ eĐoŶoŵy, deŵographiĐ treŶds aŶd ĐurreŶt-Ŷew property hotspots REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future Corridors of Property Growth

Transcript of Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero...

Page 1: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Co e ti g the …… dots etwee e o o y, de ographi tre ds a d urre t- ew property hotspots

REI Group of Companies - Presentation by Dr. Daniele Gambero

Propenomy

of

The Malaysian Property Market: What, Where and When

Current and Future Corridors of Property Growth

Page 2: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

DISCLAIMER AND COPYWRITE

To the best of our knowledge, all information included here falls under the fair use or

public domain guidelines of copyright laws. We strive for accuracy but cannot be

held responsible for any errors in information featured in the slides or incorrect

attributions. REI Group of Companies uses reasonable efforts to include accurate and

up to date information however REI Group of Companies makes no warranties or

representations as to its accuracy. REI Group of Companies assumes no liability or

responsibility for any errors or omissions in the content. The quotes, articles, news

and views are not necessarily representative of the views of REI Group of Companies

and its directors and Management.

This Presentation has been shared for personal use and knowledge ONLY. Any

inappropriate use will be prosecuted according to the law and any total or partial use

of this presentation for public viewing or publishing must be pre-authorized in

writing by REI Group of Companies.

Page 3: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

CONSULTANCY

- Strategic Marketing Consultancies: design,

concept, pricing, branding

- Property Market Surveys: defining the best

product for each specific area

- Property Market Reporting: give developers

an independent platform to take strategic

decision on future development

- Property Market Analysis: research and

definition of new development products

based on existing market situation

- Branding: adding value by endorsement of

project, branding of new development areas,

defining and creating catalyzer for future

development

- Creative: converting ideas in fact and having

fun

…………What e do

Page 4: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future
Page 5: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future
Page 6: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Organizations that have invited Dr. Daniele Gambero as speaker to their

events are:

Rehda KL, Rehda JB, Rehda Malacca and Rehda Penang

Sheda Kuching

Asian Strategic Leadership Institute (ASLI)

FIABCI Malaysian Chapter

iProperty, PropertyGuru Malaysia and Singapore and EG Expos

Malaysian Property Incorporated

University Malaya KL

Wealth Mastery Academy, Comfori and Starfish

Special Property Market Outlook presentation to the Bod of:

Encorp Bhd

Hatten Group

UEM Sunrise

Page 7: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future
Page 8: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Organizations that have invited Dr. Daniele Gambero as speaker to their

events are:

Rehda KL, Rehda JB, Rehda Malacca and Rehda Penang

Sheda Kuching

Asian Strategic Leadership Institute (ASLI)

FIABCI Malaysian Chapter

iProperty, PropertyGuru Malaysia and Singapore and EG Expos

Malaysian Property Incorporated

University Malaya KL

Wealth Mastery Academy, Comfori and Starfish

Special Property Market Outlook presentation to the Bod of:

Encorp Bhd

Hatten Group

UEM Sunrise

Page 9: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Regular columnist for several newspapers and specialized magazine such as:

The Star

Malaysian Reserve

Malay Mail

Nanyang

PropertyTimes

The Sun

The Edge

Real Estate Malaysia

Property Hunter

Property Insight

Property King

Page 10: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future
Page 11: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN PROPERTY MARKET Setting the rules for sustainability

STABLE AND DEMOCRATIC POLITICAL ENVIRONMENT

ECONOMIC GROWTH PLANNING AND EXECUTION

DE

FIN

ITIO

N A

ND

DE

VE

LOP

ME

NT

OF

EC

ON

OM

IC

CU

LST

ER

S

DE

FIN

ITIO

N A

ND

DE

VE

LOP

ME

NT

OF

PR

OP

ER

INF

RA

ST

RU

CT

UR

E

SO

CIO

/EC

ON

OM

IC

EQ

UIT

Y O

R F

AIR

WE

ALT

H

DIS

TR

IBU

TIO

N A

ND

INS

TIT

UT

ION

AL

FR

AM

EW

OR

K &

RE

GU

LAT

OR

Y

AU

TH

OR

ITY

HEALTHY GROWTH OF A REGULATED AND

PROFITABLE PROPERTY MARKET

Page 12: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN PROPERTY MARKET Setting the rules for sustainability

PROPERTY IS NOT AN ECONOMIC

DRIVER BUT THE CONSEQUENCE

OF PROPERLY PLANNED ECONOMIC

GROWTH

PROPERTY + ECONOMY =

PROPENOMY

Page 13: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN PROPERTY MARKET Setting the rules for sustainability

Page 14: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN PROPERTY MARKET

Page 15: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN BUDGET 2014 - SUSTAINABILITY

STRENGTHENING ECONOMIC RESILIENCE

ACCELERATING TRANSFORMATION

THE 5 TRUSTS

Today we should ’t look at to orrow but at a tomorrow that is 10 years from today

Page 16: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN BUDGET 2015 – SUSTAINABILITY STRENGTHEN

BUDGET 2015: PEOPLE ECONOMY

THE 7 STRATEGIES

Today we should ’t look at to orrow but at a tomorrow that is 10 years from today

Page 17: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

ECONOMIC DEVELOPMENT AND THE 11th MALAYSIAN PLAN

THE 7 STRATEGIES

1) Strengthening Economic Growth

2) Enhancing Fiscal Governance

3) Developing Human Capital and Entrepreneurship

4) Advancing Bumiputera Agenda

5) Upholding Role of Women

6) Developing National Youth Transformation Program

7) Prioritizing Well-Being of the Rakyat

Page 18: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

ECONOMIC DEVELOPMENT AND THE 11th MALAYSIAN PLAN

THE 7 STRATEGIES

1) Strengthening Economic Growth

Enhancing the Service Sector Blueprint (2014 55.2% of GDP)

Strengthening Islamic Financial Market (2013 70% of World Transactions)

Promoting Domestic Shipping Industry

Balancing Economic Growth in Less Developed Areas

INCENTIVES FOR INDUSTRIAL AREAS MANAGEMENT (100/70% Tax Incentives)

Increase Automation in Labor Intensive Industries

Enhancing Innovation, Knowledge and High-Tech

Page 19: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

Page 20: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

ECONOMIC DEVELOPMENT AND THE 11th MALAYSIAN PLAN

THE 7 STRATEGIES

1) Strengthening Economic Growth

Infrastructures development

- SUKE Expressway (59 km Sungai Besi – Ulu Klang)

- West-coast Expressway (276 km Banting Taiping)

- DASH Highway (Damansara – Shah Alam)

- EKVE Expressway (36 km East Klang Valley Expressway)

- Upgrading East-coast Railway

- Construction of MRT Line 2 Sungai Buloh – Putrajaya

- LRT Line 3 Bandar Utama – Shah Alam – Klang

- Iska dar Mala sia Pengerang I tegrated Petroleu Co ple

Page 21: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

DASH Damansara – Shah Alam Highway

Page 22: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

MRT Line 1 Sungai Buloh - Kajang

Page 23: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

EKVE East Klang Valley Expressway

Page 24: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

ECONOMIC DEVELOPMENT AND THE 11th MALAYSIAN PLAN

THE 7 STRATEGIES

1) Strengthening Economic Growth

Infrastructures development

- SUKE Expressway (59 km Sungai Besi – Ulu Klang)

- West-coast Expressway (276 km Banting Taiping)

- DASH Highway (Damansara – Shah Alam)

- EKVE Expressway (36 km East Klang Valley Expressway)

- Upgrading East-coast Railway

- Construction of MRT Line 2 Sungai Buloh – Putrajaya

- LRT Line 3 Bandar Utama – Shah Alam – Klang

- Iska dar Mala sia Pengerang I tegrated Petroleu Co ple

Page 25: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

ECONOMIC DEVELOPMENT AND THE 11th MALAYSIAN PLAN

THE 7 STRATEGIES

1) Strengthening Economic Growth

Infrastructures development

- SUKE Expressway (59 km Sungai Besi – Ulu Klang)

- West-coast Expressway (276 km Banting Taiping)

- DASH Highway (Damansara – Shah Alam)

- EKVE Expressway (36 km East Klang Valley Expressway)

- Upgrading East-coast Railway

- Construction of MRT Line 2 Sungai Buloh – Putrajaya

- LRT Line 3 Bandar Utama – Shah Alam – Klang

- Iska dar Mala sia Pengerang I tegrated Petroleu Co ple

Page 26: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

LRT Line 3 Bandar Utama – Shah Alam - Klang

Page 27: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

ECONOMIC DEVELOPMENT AND THE 11th MALAYSIAN PLAN

THE 7 STRATEGIES

1) Strengthening Economic Growth

Spurring Creative Industry

Enhancing SMART country concept through High-Speed Broadband

Boosting Tourism Industry (RM316 million allocated)

Page 28: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

TOURISM = RETIREMENT LIVING

# 10 Thailand

# 2 Ecuador

# 1 Panama

# 9 Uruguay

# 8 Malta

# 7 Mexico

# 6 Colombia

# 5 Spain

# 4 Costa Rica

Page 29: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

TOURISM OPPORTUNITY

Page 30: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

TOURISM OPPORTUNITY

YEAR ARRIVALS

Mil. Tourist

RECEIPT

Billion RM

1998 5.56 8.60

1999 7.93 12.30

2000 10.22 17.20

2001 12.78 24.20

2002 13.29 25.80

2003 10.58 21.30

2004 15.70 29.70

2005 16.43 32.00

2006 17.55 36.30

2007 20.97 46.10

2008 22.05 49.60

2009 23.65 53.40

2010 24.58 56.50

2011 24.71 58.30

2012 25.03 60.60

Page 31: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

TOURISM OPPORTUNITY

YEAR ARRIVALS

Mil. Tourist

RECEIPT

Billion RM

1998 5.56 8.60

1999 7.93 12.30

2000 10.22 17.20

2001 12.78 24.20

2002 13.29 25.80

2003 10.58 21.30

2004 15.70 29.70

2005 16.43 32.00

2006 17.55 36.30

2007 20.97 46.10

2008 22.05 49.60

2009 23.65 53.40

2010 24.58 56.50

2011 24.71 58.30

2012 25.03 60.60

Page 32: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

TOURISM OPPORTUNITY

YEAR ARRIVALS

Mil. Tourist

RECEIPT

Billion RM

1998 5.56 8.60

1999 7.93 12.30

2000 10.22 17.20

2001 12.78 24.20

2002 13.29 25.80

2003 10.58 21.30

2004 15.70 29.70

2005 16.43 32.00

2006 17.55 36.30

2007 20.97 46.10

2008 22.05 49.60

2009 23.65 53.40

2010 24.58 56.50

2011 24.71 58.30

2012 25.03 60.60

2015 TARGET:

TOURIST ARRIVALS = 29,400,000

RECEIPT GENERATED = RM89,000,000,000

Page 33: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

ECONOMIC DEVELOPMENT AND THE 11th MALAYSIAN PLAN

THE 7 STRATEGIES

6) Developing National Youth Transformation Program

- 1 Malaysia Youth City RM100 Million for three Pilot Projects in

Peninsular Malaysia, Sabah and Sarawak

- Youth Housing Scheme = Partnership between BSN, EPF & Cagamas

First Home up to RM500,000

Married and aged between 25 and 40 years

Household Income below RM10,000 per month

Max Loan tenure 35 years

- RM200 per months for 2 years Financial Assistance

- 50% Stamp & Duty exemption (Property and Loan)

- 10% Government Guarantee to Banks to allow 100% loan

- EPF Account 2

THE ABOVE IS OFFERED FOR THE 20,000 HOUSES ONLY

Page 34: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

ECONOMIC DEVELOPMENT AND THE 11th MALAYSIAN PLAN

THE 7 STRATEGIES

7) Prioritizing Well-Being of the Rakyat

- 30% Discounted bus routes for Klang Valley

Rawang – KL

Klang – KL

Seremban – KL

- Electric Train Ipoh – Butterworth (From April 2015)

- Public Transportation PPPs for Kuching, Ipoh, Seremban, Kuala

Terengganu and Kangar

…………………………………………. Propert : to e o ti ued

Page 35: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

HOUSING FOR THE RAKYAT (AFFORDABLE)

1) PR1MA: 80,000 new houses (Below RM500k)

2) RMR, RIR and RAR: 37,000 new houses (Below RM120k)

3) RENT to OWN SCHEME

4) PEOPLE HOUSING PROGRAM: 26,000 new houses (45k)

5) Extension of 50% exemption on Stanp&Duty for both SPA and LA

till 31st December 2016. Max property value RM500k

6) Ci il “er a ts’ Mi i u Eligi ilit RM k – Max RM600k

Page 36: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

BUDGET 2015 – SOMETHING FOR EVERYONE

RPGT

1) No Changes

2) From 2016 RPGT calculation and payment will be don

through Self-Assessment

3) That’s it

Page 37: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Malaysian Economic and Property Market Performance:

The Day After Budget 2015 Outlook

Page 38: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Malaysian Economic Performance: FDI as driver for growth

Page 39: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Malaysian Economic Performance: FDI as driver for growth

Page 40: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Malaysian Economic Performance: FDI as driver for growth

Page 41: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Malaysian Economic Performance: FDI as driver for growth

Page 42: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

GLOBAL & MALAYSIAN ECONOMY - FACT FILE

Country

Result

over 3

years

2010 2013 2010 2013 2010 2013 2010 2013 2010 2013 2010 2013 2010 Rank 2013 Rank

SINGAPORE 1 1 4 4 2 2 16 36 1 1 13 12 0 37 1 56 2

NEW ZEALAND 2 3 1 1 5 6 3 2 26 25 10 17 -1 47 2 54 1

HONG KONG 3 2 18 6 1 1 75 60 2 2 3 10 +2 102 5 81 3

US 4 4 8 13 25 17 12 25 18 22 8 6 -1 75 3 87 4

UK 5 7 16 19 16 20 23 73 16 14 23 21 -2 99 4 154 6

THAILAND 12 18 55 85 13 16 6 26 12 20 24 23 -4 122 6 188 7

JAPAN 15 24 91 114 45 72 54 64 17 19 20 35 -6 242 8 328 9

S. KOREA 19 8 53 24 23 26 71 75 8 3 5 2 +2 179 7 138 5

MALAYSIA 23 12 88 54 109 96 86 33 35 11 59 33 +6 400 9 239 8

Overall Ranking

Ease of

doing

business

Starting a

business

Dealing with

construction

permits

Registering a

property

Trading

across

borders

Enforcing

contracts

Page 43: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

GLOBAL & MALAYSIAN ECONOMY - FACT FILE

INDEX USA EU UK JAPAN AUSTRALIA MALAYSIA

GDP Growth 2.52% 0.12% 0.65% 0.65% 0.65% 4.70%

Gov. Debt as % of GDP 101.60% 90.60% 91.10% 226.1% 20.7% 53.10%

Gov. Deficit as % of GDP -4.10% -3.7% -7.40% -9.6% -3.00% -4.50%

Balance of Current Acc

in USD Billion-360.7 -34.5 -93.6 56.6 -44.9 8.41

Inflation 1.5% 1.5% 2.7% 0.2% 2.4% 3.2%

Unemployment 7.3% 10.8% 7.7% 4.1% 5.7% 3%

Page 44: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN DEMOGRAPHIC - FACT FILE

+1.6 M

+3.6 M

+2.6 M

+6 M

Page 45: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN MIGRATION FLOWS - FACT FILE

2012: 21,000,000 Malaysians live in urban areas 3.5% growth every year

2012: 72.5% of the Malaysian population lives in urban areas

15,000,000.00

16,000,000.00

17,000,000.00

18,000,000.00

19,000,000.00

20,000,000.00

21,000,000.00

22,000,000.00

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

MALAYSIAN FLOW

Malaysian Migration Flow Rural to Urban Areas

Source: World Bank Statistics

Page 46: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

FEW CONSIDERATION ON MALAYSIANS WEALTH:

Malaysian average per capita income 2013 (PPP) – Source IMF/WB

USD17,046 per year = RM4,400 (per month)

Malaysian Wealth Distribution

Lowest 20% Highest 20%

Share 5% of Malaysian wealth Share 40% of Malaysian wealth

=

Median 60% share 55%

MALAYSIAN WEALTH DISTRIBUTION - FACT FILE

18,000,000

Page 47: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

FEW CONSIDERATION ON MALAYSIANS WEALTH:

MALAYSIAN WEALTH DISTRIBUTION - FACT FILE

Yearly Monthly Per capita Per household

RM RM RM RM RM

Kuala Lumpur 1,718,680 73,931 6,161 2,156.32 480,000 720,000

Pulau Pinang 1,654,640 37,006 3,084 1,079.34 240,000 360,000

Selangor 5,626,240 36,135 3,011 1,053.94 240,000 360,000

Malacca 832,320 33,550 2,796 978.54 220,000 330,000

Negeri Sembilan 1,040,400 32,511 2,709 948.24 220,000 330,000

Johor 3,337,360 24,574 2,048 716.74 160,000 240,000

Sabah 3,437,360 19,010 1,584 554.46 125,000 187,500

PER STATE AFFORDABILITY VALUES 2012

State

State by

state (est)

Population

in 2012

GDP 2012 per Capita at

current prices

35% of

monthly

income = Loan

repayment

Affordable House value (30 yrs

loan @ BLR-2.3 4.4%)

Page 48: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN HOUSEHOLD DEBT - FACT FILE

80.7% of the Malaysian Household debt is financed by the Banking System

Household NPL ratios, as per BN and MBB reports, have been falling

dramatically over the past few years from 7.5% in 2006 to just 1.4%

mid 2013 and is now at 1.2%

Page 49: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

HOUSING EXISTING STOCK AND FUTURE SUPPLY

STATE

SUPPLY OF

LANDED TILL

2020

SUPPLY OF LOW

COST TILL 2020

LOW COST ON

POPULATION %

SUPPLY OF

HIGH RISE TILL

2020

TOTAL HOUSES

SUPPLY BY 2020

POPULATION BY

2020

NEED/OVERSUPPLY

OF HOUSES BY

2020

KUALA LUMPUR 113,005 156,915 8.39% 251,854 521,774 1,870,000 101,559

SELANGOR 833,155 491,584 7.83% 342,154 1,666,893 6,279,686 426,336

JOHOR 652,827 260,616 5.79% 87,968 1,001,411 4,499,432 498,400

PENANG 204,903 214,780 13.15% 63,728 483,411 1,633,703 61,157

MALACCA 138,607 50,244 5.49% 18,979 207,830 914,506 97,005

NEGERI SEMBILAN 265,638 90,725 7.11% 47,461 403,824 1,276,244 21,591

PAHANG 230,251 69,856 4.17% 17,862 317,969 1,674,660 240,251

PERAK 383,460 95,873 3.84% 12,909 492,242 2,494,237 339,170

PERLIS 19,804 9,294 3.82% 1,602 30,700 243,400 30,150

KELANTAN 67,511 12,722 0.83% 4,189 84,422 1,533,613 426,782

TERENGGANU 91,254 43,173 4.13% 1,026 135,453 1,045,864 213,168

KEDAH 247,710 115,217 5.92% 3,173 366,100 1,947,472 283,057

SABAH 98,335 62,930 1.83% 41,618 202,883 3,443,107 485,738

SARAWAK 189,640 51,915 2.04% 14,893 256,448 2,543,759 252,304

GRAND TOTAL FOR

MALAYSIA3,536,100 1,725,844 5.50% 909,416 6,171,360 31,399,685 3,476,669

EXISTING STOCK AND HOUSE SUPPLY TILL 2020

Page 50: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN PROPERTY MARKET

Page 51: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIA AND THE REGION: WHERE ARE WE?

Ranking Country RM/psfHouse of

1,000 Sq.Ft.

GDP Per

capita

(PPP) USD

GDP Per

capita

(PPP) RM

Property

value to

income ratio

1 Hong Kong 3,124.59 3,124,590.30 44,770 143,264 21.81

2 Singapore 2,684.31 2,684,310.67 53,266 170,451 15.75

3 Australia 1,345.25 1,345,254.55 35,668 114,138 11.79

4 Japan 1,266.79 1,266,794.87 31,425 100,560 12.60

5 South Korea 950.93 950,925.31 27,990 89,568 10.62

6 Taiwan 911.38 911,379.60 33,608 107,546 8.47

7 Brunei 847.36 847,359.72 45,978 147,130 5.76

8 China 794.82 794,817.91 7,957 25,462 31.22

9 Thailand 451.83 451,829.25 8,458 27,066 16.69

10 Myanmar 414.39 414,385.92 1,324 4,237 97.81

11 Malaysia 367.42 367,418.25 17,046 54,546 6.74

12 Philippines 285.84 285,838.91 3,802 12,166 23.49

13 Vietnam 241.09 241,086.96 3,133 10,026 24.05

14 Cambodia 212.31 212,310.48 2,149 6,877 30.87

15 Indonesia 207.62 207,621.70 4,271 13,667 15.19

16 Laos 79.72 79,721.29 2,521 8,067 9.88

Source: IMF - World Bank - CIA

Average price of property per country 2012 - SEA REGION Property value

to income per capita (PPP) ratio

Page 52: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIA AND THE REGION: WHERE ARE WE?

Ranking Country RM/psfHouse of

1,000 Sq.Ft.

GDP Per

capita

(PPP) RM

Property

value to

income ratio

10 Myanmar 414.39 414,385.92 4,237 97.81

8 China 794.82 794,817.91 25,462 31.22

14 Cambodia 212.31 212,310.48 6,877 30.87

13 Vietnam 241.09 241,086.96 10,026 24.05

12 Philippines 285.84 285,838.91 12,166 23.49

1 Hong Kong 3,124.59 3,124,590.30 143,264 21.81

9 Thailand 451.83 451,829.25 27,066 16.69

2 Singapore 2,684.31 2,684,310.67 170,451 15.75

15 Indonesia 207.62 207,621.70 13,667 15.19

4 Japan 1,266.79 1,266,794.87 100,560 12.60

3 Australia 1,345.25 1,345,254.55 114,138 11.79

5 South Korea 950.93 950,925.31 89,568 10.62

16 Laos 79.72 79,721.29 8,067 9.88

6 Taiwan 911.38 911,379.60 107,546 8.47

11 Malaysia 367.42 367,418.25 54,546 6.74

7 Brunei 847.36 847,359.72 147,130 5.76

Average price of property per country 2012 - SEA REGION

Property value to income per capita (PPP) ratio

Source: IMF - World Bank - CIA

Page 53: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

PENINSULAR MALAYSIA: THE FUTURE

Kuantan: the new commercial port, the

already committed investment from

Chinese, European and American

Multinational Corporation

Kota Baru: the Northern Educational

Hub with 15 Local and International

Universities already working to

establish a northern campus

Penang: the 8th destination

worldwide to retire.

Ipoh: retirement homes

and health tourism

Klang Valley: the Northern,

Southern and Western

Corridor and the Megaprojects

Iskandar Malaysia: the most Strategically

Sustainable Location in the region (SEA)

Page 54: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

SARAWAK CORRIDOR OF RENEWABLE ENERGY

Miri: almost 400,000 population

O&G Centered economy

Kuching: almost 1,000,000 population

Services and tertiary sector

Bintulu: 200,000 population

O&G and high energy

consumption industry

Centered economy

Page 55: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

SABAH: THE LAND BELOW THE WIND

SABAH PROPERTY MARKET SUSTAINABILITY

Kota Kinabalu: almost 650,000 population

Economy based mostly on services and

tourism. Manufacturing remains a strong

component of local GDP.

Tawau: almost

400,000 population

Timber, Cocoa, Food

Processing, Tourism

and Services

Sandakan: almost

400,000 population

Economy based on

Palm Oil, Hardwood,

Logistic and Tourism

Page 56: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

PENANG

Halal Industry, Logistic, Electronic, Retirement, Tourism

- Penang Harbur is o e of the ONLY Halal Harbur i the orld

- Well connected to Thailand and most important city of the Northern

Region. International Airport.

- Penang Island ranked 8th preferred destination for foreigners to

retire

- Penang highly ranked for quality of healthcare and health tourism

- Penang is targeting 5 million tourist arrival by 2015 out of

forecasted Malaysian 30 million

Page 57: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

PENANG

Halal Industry, Logistic, Electronic, Retirement, Tourism

Page 58: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

PENANG

Halal Industry, Logistic, Electronic, Retirement, Tourism

Page 59: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

PERAK

The Raise of Ipoh

- Ipoh: the healthier city of Malaysia with lakes, mountains, rivers

and hot-springs which give high breathability through daylong

breezes

- Ipoh: ranked 6th less expensive destination worldwide for

retirement living (expatriates ranking)

- Ipoh: local Government and Private Operators to profitably tap into

Visit Malaysia year 2014 and Year of Festival 2015

- Ipoh: conveniently located and easily accessible within 2 hours from

Kuala Lumpur and Penang

Page 60: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

PERAK & IPOH: HIGHLY SUSTAINABLE MARKET

Status Landed Low cost High-rise

2014 Existing stock 150,637 44,715 2,580

Completion 3,450 - 182

Incoming Supply 10,666 3,564 669

Starts 4,105 - 322

Planned Supply 9,102 122 846

New Planned Supply 3,950 - 762

19,209

2013

235,672

Total

197,932

18,531 2016

2020

IPOH TOTAL HOUSES BY 2020

Page 61: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

PERAK & IPOH: HIGHLY SUSTAINABLE MARKET

ESTIMATE NEED OF HOUSES

(4 MEMBERS PER HOUSEHOLD)

1,688,911

422,228

186,556

CURRENT DEMAND OF HOMES

ESTIMATE NEED OF HOUSES

TOTAL IPOH POPULATION AS AT 2015

(Est +1.2% yr)

DEMAND OF HOMES BY 2015

ESTIMATE NEED OF HOUSES

(4 MEMBERS PER HOUSEHOLD)

TOTAL IPOH POPULATION AS AT 2020

(Est +1.2% yr)

DEMAND OF HOMES BY 2020

TOTAL IPOH POPULATION AS AT 2012 1,535,192

383,798

185,866

1,591,125

397,781

181,318

Page 62: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

KL – GREATER KL – KLANG VALLEY … AND BEYOND

Klang Valley 1990 Klang Valley 2012

Page 63: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Klang Valley: 7,800,000 population Hong Kong: 7,200,000 population

Just a o sideratio o ho Greater KL should e ol e…

Klang Valley view from 130 km Hong Kong view from 130 km

KL – GREATER KL – KLANG VALLEY … AND BEYOND

Page 64: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Klang Valley: 7,800,000 population Hong Kong: 7,200,000 population

Just a o sideratio o ho Greater KL should e ol e…

Klang Valley view from 130 km Hong Kong view from 130 km

KL – GREATER KL – KLANG VALLEY … AND BEYOND

Page 65: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Greater KL will reach 10 million people (Mega City) by 2020 Singapore aspires to have 6.9 million by 2030 Iskandar Malaysia aim to have 3 million by 2025

MALAYSIAN PROPERTY MARKET SUSTAINABILITY

Page 66: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

KL – GREATER KL – KLANG VALLEY … AND BEYOND

Page 67: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

KL – GREATER KL – KLANG VALLEY … AND BEYOND

Page 68: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

KL – GREATER KL – KLANG VALLEY … AND BEYOND

Page 69: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

KL – GREATER KL – KLANG VALLEY … AND BEYOND

Page 70: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

KLANG VALLEY AND THE SOUTHERN CORRIDOR

Page 71: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

HOUSING: CURRENT AND FUTURE DEMAND

ESTIMATE IN KUALA LUMPUR/KLANG VALLEY

Page 72: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

ISKANDAR MALAYSIA: STRATEGICALLY SUSTAINABLE LOCATION

Page 73: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Malaysian Property Market

Iskandar Malaysia – Strategically Sustainable

Page 74: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Malaysian Property Market

Iskandar Malaysia: A well planned success history!

Page 75: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Malaysian Property Market

Iskandar Malaysia: A well planned success history!

Page 76: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

ISKANDAR MALAYSIA: STRATEGICALLY SUSTAINABLE LOCATION

Supply of Affordable Houses Far Behind Demand

Iskandar Malaysia is one of the

Malaysian States where the

demand of houses with values

between RM250 and RM600 psf

is still mostly unsatisfied

Page 77: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Offer of Affordable Houses Far Behind Demand

ISKANDAR MALAYSIA: STRATEGICALLY SUSTAINABLE LOCATION

Page 78: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

SARAWAK PROPERTY MARKET SUSTAINABILITY

Page 79: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

SARAWAK PROPERTY MARKET SUSTAINABILITY

Page 80: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

SARAWAK PROPERTY MARKET SUSTAINABILITY

Item Sarawak Landed Low Cost High rise

A Existing stock 153,232 47,742 10,858

TOTAL EXISTING 153,232 47,742 10,858

B Completions 3,655 209 296

C Incoming supply 18,600 2,570 2,388

TOTAL BY 2015 175,487 50,521 13,542

D Starts 5,056 151 1,146

E Planned supply 9,130 1,055 2,031

F New planned supply 6,618 593 1,862

196,291 52,320 18,581 TOTAL BY 2020 PER TYPE

GRAND TOTAL 267,192

Page 81: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

SARAWAK PROPERTY MARKET SUSTAINABILITY TOTAL SARAWAK POPULATION AS AT

2012

CURRENT DEMAND OF HOMES

ESTIMATE NEED OF HOUSES

TOTAL SARAWAK POPULATION AS AT

2015 (Est +0.5% yr)

DEMAND OF HOMES IN 3 YARS TIME

ESTIMATE NEED OF HOUSES

TOTAL SARAWAK POPULATION AS AT

2020 (Est +0.5% yr)

DEMAND OF HOMES BY 2020

ESTIMATE NEED OF HOUSES

D+E+F

2,543,759

508,752

241,560

A

2,444,261

488,852

277,020

B+C

2,481,108

496,222

256,672

Page 82: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

THE LAND BELOW THE WIND

PROPENOMIC“ OF “ABAH’“ DEVELOPMENT CORRIDOR

Page 83: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

SABAH DEVELOPMENT CORRIDOR (SDC)

VI“ION

TO BE A LEADING ECONOMIC REGION IN ASIA

THE LAND BELOW THE WIND

PROPENOMIC“ OF “ABAH’“ DEVELOPMENT CORRIDOR

BY BEING A PREFERRED GATEWAY FOR TRADE, INVESTMENT

AND LEISURE FOR TALENT AND BUSINESS

Page 84: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

THE LAND BELOW THE WIND

PROPENOMIC“ OF “ABAH’“ DEVELOPMENT CORRIDOR

NCER ECER

ISKANDAR

MALAYSIA &

PENGERANG

SABAH

DEVELOPMENT

CORRIDOR

SCORE

AGRICULTURE AGRICULTURE AGRICULTURE SAMALAJU

EDUCATION EDUCATION TANJUNG MANIS

MANUFACTURING MANUFACTURINGMANUFACTURING &

LOGISTICMUKAH

TRANSPORTATION

& LOGISTIC

OIL, GAS &

PETROLCHEMICALS

OIL, GAS &

PETROLCHEMICALSOIL, GAS & ENERGY

PALM OIL

TOURISM TOURISM TOURISM TOURISM

SPECIAL FOCUS KEY ECONOMIC AREAS (KEAs) IN THE CORRIDORS OF DEVELOPMENT

Page 85: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

THE LAND BELOW THE WIND

PROPENOMIC“ OF “ABAH’“ DEVELOPMENT CORRIDOR

GREATER GEORGE

TOWNKREATER KUANTAN

GREATER JOHOR

BAHRU

GREATER KOTA

KINABALUSARAWAK CITIES

PUBLIC TRANSPORT PUBLIC TRANSPORTURBAN PUBLIC

TRANSPORT

IMPROVING MOBILITY

AND TRAVEL EXPERIENCEGREATER KUCHING MIRI

AFFORDABLE QUALITY

HOUSINGKUANTAN WATERFRONT

CITY REJUVENATION AND

REVITALISATION

DEVELOPING AND

MODERNIZING KK AS

LIFESTYLE HUB

WASTE MANAGEMENT &

SUSTAINABLE URBAN

DEVELOPMENT

SEWERAGE

MANAGEMENT & FLOOD

MITIGATION

CRIMEIMPROVING EARLY

CHILDCARE EDUCATION

BOOSTING PUBLIC &

PRIVATE HEALTHCARE

BOOSTING TOURISM IN

GREATER KK

KEY RESULT AREAS (KRAs) IN THE CITIES

Page 86: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

The best way to predict the future is to create it!

IT and future through MSC (Multimedia Super Corridor)

Oil & Gas

Education

Tourism & Health Tourism

Entertainment & Creativity

Financial services & Islamic Financial World Hub

Logistic

Manufacturing, Halal, Natural Resources ……..

Malaysia fast moving towards fully developed country status

Page 87: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

MALAYSIAN REAL ESTATE: HOW

Learn how to be a wise smart investor

Page 88: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

How to contact me:

By email:

[email protected]

Page 89: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

How to contact me:

Through Facebook:

Type my name: Daniele Gambero

This is my timeline:

Page 90: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

How to contact me:

You can also log into our REI Group Web site at:

www.reigroup.com.my

And check out the resources available in the menu

Page 91: Propenomy - REI Group of Companies · REI Group of Companies - Presentation by Dr. Daniele Gambero Propenomy of The Malaysian Property Market: What, Where and When Current and Future

Thank you

Facebook

Daniele Gambero