3 March Rethinking and Restrategising t h e H o u s i n g a n d P r o p e r t y Sector - The Way Forward

Transcription

1 3 March 2018 Rethinking and Restrategising t h e H o u s i n g a n d P r o p e r t y Sector - The Way Forward Datuk Seri FD Iskandar President, REHDA Malaysia

2 mil population at 1.3% annual growth Low & stable unemployment rate : 3.4% as of 2017 (e) GDP growth at 5.9% in 2017 (e) Income per capita (2017 (e) ) RM 42, Note: (e) : Estimate Source: Bank Negara Malaysia 2

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5 Population Projection by Age More younger population (20 44 years) expected to form family, thus creating strong demand for housing 6, , , Population Profile Typical House Requirement Location Age Student Housing, Starter Homes Accessible to private college Age Age Age 65 and above Starter Homes (Studio, SoHo, 1-2 Bedroom), Smaller Units Affordable to Lifestyles and High-End property Retirement Home, Aged care, purchase for children Near Central Business District area Residential development with facilities & amenities Near hospitals and public transportation 5

6 Total Transactions Total (Volume) 320, , , , ,520 Total (Value) RM mil 145, , , , ,844 Residential (Volume) 2013, , , , ,669 Residential (Value) RM mil 65,574 73,470 82,060 72,060 67,762 Source : NAPIC 6

7 Source : NAPIC 7

8 F E A T U R E S F A C I L I T I E S Commercial Centre Transportation Hub 15% 23% School/ College Hospital Recreational Park 10% 11% 20% 15% 26% 26% Green Technology Security System Layout/ Finishes 21% 33% Digital Connectivity Smart Home Source: REHDA House Buyers Survey 2017

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10 C h a l l e n g e s H i g h l y R e g u l a t e d I n d u s t r y Uncertainty of regulatory costs and delays. Over 50 laws, regulations and guidelines Inconsistent policies different states, different policies not aligned with federal policies D e v e l o p m e n t C o s t High land price/ scarcity of land Various approval process Long gestation period of housing delivery High holding cost High construction cost High compliance cost 10

11 C h a l l e n g e s Sale Eligibility End financing Affordability P l a n n i n g D e s i g n Density vs plot ratio Planning requirements/ guidelines Higher specifications E c o n o m y Weak currency Threat of inflation Overbuilt of property in certain sectors and region 11

12 In the longer term, developer has to raise productivity to raise income, to reduce reliance on cheap labor and invest in technology and higher value of goods and services.

13 WAY FORWARD

14 Innovative Business Plans o o o Industrialized Building System (IBS) Building Information Modelling (BIM) Integrated Business Solution/Internet of Things (IoT) Smart Homes o o o o o Building Efficiency Green Homes Enhanced Value Lifestyle Choice Branded Residential Development Integrated Development o o Connectivity/Accessibility- Transit Oriented Development (TOD) Themed residential development Urban Renewal o o o Refurbishment Restoration/Preservation Retrofitting/Repurpose of underused/unused part of city 14

15 INNOVATIVE BUSINESS PLANS

16 INDUSTRALISED BUILDING SYSTEM WHY IBS? o Reduce dependency on foreign labour o Higher quality and better finishes o Shorter construction time o Cost saving o Waste reduction o Increase site safety o Optimize use of materials o Flexibility in architectural design

17 IBS : Improve Construction Time 15 September 2005 Source: SP Setia Precast Sdn Bhd

18 IBS : Improve Construction Time 4 MONTHS later

19 IBS : Improve Construction Time 16 January 2006 Source: SP Setia Precast Sdn Bhd

20 IBS : Improve Project s Cash Flow Source: SP Setia Precast Sdn Bhd

21 BUILDING INFORMATION MODELING

22 W H Y B I M? Planners can select optimum sites. Architects can produce more accurate designs with fewer errors, less waste, and closer alignment with the owner s vision. Engineers can increase coordination with architects and other engineering disciplines, improving the reliability of their designs. Contractors can make sure that constructability issues are flagged early or when changes are less expensive to make. Owners will be able to use the models far into the future as the basis of a comprehensive facility and asset management programme.

23 Purchasing of Goods/Services Selling of Property Rental of Property MyRent

24 Residence that has appliances/systems that are capable of communicating with one another and can be controlled remotely by a time schedule, from anywhere via the internet. Provides home owners comfort, convenience, and low operating costs (energy efficiency) at all times.

25 Automated Robots Lighting & Heating Controls Smart Appliances Smart Toilets

26 Power Tracking or Energy Efficient Tech Closed & Private Networks Centralized Entertainment & Streaming Devices

27 a planned township with a mix of residential and commercial elements that addresses four key components of catalyst, infrastructure, complementary factors and momentum.

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29 Transformation of Klang River & Gombak River Kuala Lumpur River of Life / Blue Pool

30 Transformation of KL Sentral KTMB Distribution Centre (1890 s) n/screenshot% % png?dl=0 enshot% % png?dl=0 KL Sentral (today)

31 THANK YOU