Malaysia’s property sector outlook in the first half of 2018 (H1 2018) is expected to recover in tandem with the improvements in the country’s economic conditions, according to the Real Estate and Housing Developers’ Association (Rehda). Its president, Datuk Seri Fateh Iskandar Mohd Mansor said despite the overall subdued market in the first half, the rebound in the economy coupled with the strengthening of the local currency and stable employment market, among other positive developments, offered a ray of hope for growth in the market.
Albeit the findings from REHDA Property Industry Survey 1H 2017 which revealed that the market had remained challenging for the property sector throughout the first half of 2017, as number of launches for both residential and commercial has reduced significantly resulting from financing issues and weak demand, a handful of launches in 2H 2017 were expected to increase. Cooling measures may have led to an increase in loan rejections, but there is good news that housing loan approval rates are slowly increasing and remained high at 74.2 per cent with an average of 74.1 per cent between 2012 and 2016 (Bank Negara Malaysia).
The survey reported that residential properties continued to lead new launches with 53% of them represented by strata units, while the completion of new light rail transit (LRT) and the Klang Valley Mass Rapid Transit (KVMRT) lines also has been said to boost demand for the under pressure office space in established and upcoming decentralised locations, according to Knight Frank Malaysia.
As a city grows, strata properties are seen to continue dominating the residential market, with most launches mainly focused in Selangor covering areas which include Klang, Shah Alam, Hulu Langat, Seri Kembangan and Puchong. Strata living is quick turning into a lifestyle in Malaysia, as more Malaysians are moving into condominiums, apartments and stratified gated-and-guarded communities. Therefore, apart from assessing the state of the industry, the Property & Strata Conference 2018 will focus on the administration of stratified in Malaysia, including private, business or even a blended use improvement. It aims to address the legal and practical impact of Act 757, the Strata Titles (Amendment) Act 2013 (Act A1450) and their related regulations.""
• Be part of the inaugural strata-focused conference where all the major industry players gather around to address salient issues on stratified property sector
• Data, information and analysis from the real estate experts in the real estate industry on some of the ills affecting the market.
• Professional insights on strategizing new approach to further boost the residential and commercial properties market
• Broader perspective on the Malaysian property industry along with its leading-edge development trends
• Comprehensive coverage on the latest strata management and property regulatory and compliance issues
• Excellent opportunity to learn, network and make deals with renowned property industry leaders and peers good
The Property & Strata Conference 2018 presents keynotes which will review the progress in implementation of the new strata and housing development legislations, namely Strata Management Act (SMA) 2013, the Strata Management (Maintenance & Management) Regulations 2015 and their related regulations, which took effect from June 2015, including discussions on limited common property, subsidiary management corporation, and comprehensive resolution, by focusing on significant issues as listed below:
• Introduction of Strata Management Act 2013 (Act 757) and Strata Management Regulations (2015)
• Developer’s Edition: Current Issues on Strata Management Act & Regulations
• Outlook on the Residential, Office & Retail Sector
• Managing the Management Corporations
• Practical strategy: Know your rental game plan
• Strata Title Management – Legal and Management Perspectives
• Property Manager vs. Asset Manager: Have the Roles Merged?
• Developing a Model for Pre-Action Dispute Resolution for Strata Dispute Management in Malaysia
• Strata Management Tribunal: Scope, Jurisdiction and Powers
• Democratising real estate through real estate crowdfunding
This conference is specifically tailor made for top decision makers, MDs, C-Suite Executives, VPs, GMs, HODs of the following divisions:
• Property management
• Business development
• Project management
• Strategic planning
of Government Ministries / Agencies & Property and Real Estate companies. This conference will also greatly benefit:
• Property Developers
• Property Consultants
• Property Owners & Managers
• Lawyers and Legal Counsels
• Joint Management Committees/Joint Management Bodies/Management Corporations
• Resident Associations