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RESIDENTIAL STATISTICS
Disclaimer: The following information has been extracted or reconstructed from selected NAPIC and Malaysia House Price Index data
1.0 STOCK
1.1 Completion Definition:
When building construction works are completed and a CF/TCF/CCC is issued within the review period. The figures in completion are not accumulated from the previous quarter but represent only one review period.
1.2 Starts Definition:
Building where the foundation and footing works of low rise buildings or works below ground level including piling and foundation of high-rise building started and it does not include site clearing, levelling as laying of infrastructure. The figures in start are not accumulative and represents buildings that started within a review period.
1.3 New Planned Supply Definition:
Units where building plan approval obtained from the local authority within a review quarter. The figures in the new planned supply are accumulative and represents buildings in that review quarter.
2.0 TRANSACTIONS
3.0 AVERAGE PRICE TRENDS
Overview:
The price of the ‘average terraced house’ in 2010 stood at RM182,129. This price inched higher by 8.3% from 2009 at RM168,109. Meanwhile, the ‘average high rise unit’ in 2010 was RM170,339, a marginal increase of 2.4% from RM166,337 in 2009.
4.0 RESIDENTIAL LAUNCHES
Definition:
A launch is an event made to start market a number of property units of various types in a project by a developer at a given time. A project/phase of a development can be offered for in the market in one or more launches. Sales performance refers to the percentage of number of units sold from the total units launched for a specific type of property in the review period.
5.0 RESIDENTIAL OVERHANG
Definition:
Residential units with Certificate of Fitness For Occupation (CFO) or temporary Temporary Certificate of Fitness For Occupation (TCFO) or Certificate of Completion and Compliance (CCC) but remain unsold for more than 9 months.