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Table of Contents
1.0 Foreword by CEO 3
2.0 Summary of Key Findings 4
3.0 Introduction- PropertyGuru Property Sentiment Survey
- Research Objectives
- Research Methodology
- Demographics Profile of Respondents
6
4.0 Q1 2012 Property Affordability Sentiment Index 10
5.0 Key Findings of Property Market Sentiment – Data Results
- Property Prices
- Property Transactions
- Property Rental Prices
- Outlook on Government Actions
- Future Outlook for Buying Interest in the Next 24 Months
- Interest in Overseas Investments
- Opinions on Home Financing Options
- Opinions on the Next Residential Hotspots in Malaysia
12
6.0 Appendix 30
7.0 About PropertyGuru Group 31
3
FOREWORD by CEO, Steve Melhuish
PropertyGuru is pleased to announce the results
of the first quarterly Malaysia property sentiment
survey for 2012.
The Q1 report summarises the findings of
Malaysia's quarterly consumer property
sentiment survey - commissioned by
PropertyGuru.com.my.
A total of 2,134 respondents comprising an excellent cross representation of the country’s
population including participants from all regions of East and West Malaysia responded to
the online survey which was conducted between 28th March and 16th April 2012.
The Q1-2012 survey results have pointed to interesting stats, primarily pertaining to what
respondents feel will be the next residential property area to look out for in Malaysia. On the
whole, however, respondents have recorded growing concerns towards affordability of
property in Malaysia in general.
Today, www.PropertyGuru.com.my features over 110,000 property listings and is used by a
growing number of consumers. PropertyGuru also works closely with over 3,500 prominent
real estate agents, consultancies and developers. As a result, we are uniquely placed to
track the opinions of property hunters.
We thank you for regarding our survey as a reliable source of the Malaysian real estate
market sentiment and on behalf of PropertyGuru, we highly appreciate your participation and
look forward to your continuous support! Should you have any comments and feedback
pertaining to this report, please send them to us at [email protected]
Yours sincerely,
Steve Melhuish
CEO & Co-Founder
PropertyGuru Group
4
Summary of Key Findings
Key Findings – Sentiment on Property Prices & Transactions
The property affordability sentiment index for Q1 2012 is 2.5 on a scale of 5,
compared to 2.7 in our Q4 2011 survey and 2.4 in Q1 2011. An index of 2.5
shows, compared to Q4, consumers perceive property as becoming unaffordable.
However, compared to a year ago (2.4), sentiment towards affording property has
remained almost steady.
(*Index explanation: On a scale of 5, neutral score is set at 2.5. If < 2.5, it is considered
negative and if > 2.5 it is considered positive)
65% of respondents feel all property types in Malaysia are expensive, compared
to the 60% in Q4 2011 and almost similar to the 66% in Q1 2011. This shows that
perception towards affording property has almost remained the same compared
to the same period last year.
46% respondents from Southern Malaysia perceive property across all sectors as
affordable compared to 33% from Northern Malaysia and 25% from Klang Valley.
Apartments/condominiums and terrace house believed to be the most affordable
and popular property. Similar to Q4, an average of 44% respondents feel this way
now compared to 39% in Q1 2011. This indicates an improvement in affordability
perception.
45% respondents from Southern Malaysia perceive apartments/condominiums
are affordable compared to 36% in Northern Malaysia and 39% in Klang Valley.
61% respondents from Southern Malaysia perceive terrace houses are affordable
compared to 42% in Northern Malaysia and 30% in Klang Valley.
34% perceive commercial property reasonable, compared to 38% in Q4 2011.
42% respondents from Southern Malaysia perceive commercial property as
affordable compared to 31% in Northern Malaysia and 26% in Klang Valley.
5
72% feel property prices will increase in the next 6 months, compared to 61% in
Q4 2011 and 71% in Q1 2011.
64% respondents, compared to 57% in Q4 2011, believe the number of property
transactions would increase in the next six months. Owing to the various housing
policies, demand is expected to grow. Due to rise in demand, respondents expect
transactions to increase in turn leading to price increase.
Apartments/condominiums and terrace houses are the most popular property
types. More than half the respondents feel transactions and hence prices for
apartments/condominiums and terrace houses will increase up to 10%.
40% of the potential first time buyers are renting their current place of residence
due to unaffordable property prices, 20% hold unreliable financing options as the
main reason.
Key Findings – Impact of Government Measures and Buying Intentions
60% respondents want the government to do more to keep property prices in
Malaysia affordable, compared to 55% in Q4 2011 and 69% in Q1 2011. 55% of
bumiputeras want effective government actions.
Overall 65% respondents with a household income of RM5,000 - RM10,000 think
the government is not doing enough to keep property prices in Malaysia
affordable compared to 55% from respondents with household income above
RM15,000.
33% respondents compared to 35% in Q4 are willing to upgrade their existing
property in the next 12 months. Almost 70% of these respondents in the high
income group (above RM5,000 per month) would upgrade to either
apartments/condominiums or terrace houses. 50% would probably buy another
property in the country, compared to 47% in Q4.
13% of respondents in the high income group are interested in overseas
investment, compared to 18% in Q4. The 5% dip maybe due to the stricter
measures for foreigners in the Asia Pacific region is a probable reason.
6
Singapore, Australia, Indonesia, India, and China (Mainland China/Hong
Kong/Macau) are top destinations of choice.
Other Findings
63% agree 'build then sell' (BTS) system is an effective housing policy. The policy
ensures that property buyers pay only 10% upon signing the sales and purchase
(S&P) agreement and their housing loans are not drawn down until after the
property is handed over to them. 56% of first timers and 66% of bumiputeras
agree to the policy.
66% respondents agree that developers should release intended bumiputeras
units/lots sooner to other buyers should there be insufficient response after
extensive advertising and promotion. 62% first time buyers agree on this,
whereas only 37% of bumiputeras agree to this.
80% respondents agree that they are facing affordability issues due to relocating
to urban localities with higher housing costs, wherein they are required to spend
more than 25% -30% of their monthly household income on housing matters.
Almost 30% respondents with monthly household income above RM 2,000 said
they spend more than 20% of it towards mortgage loan.
Johor Bahru and George Town are expected to become the next residential
hotspots in the country.
7
Introduction
Malaysia Property Sentiment Survey – First Quarter (Q1) of 2012
PropertyGuru conducted its fifth Quarterly Malaysia Property Sentiment Survey with
the aim of providing its members, partners and users with insights into the needs of
consumers and expectations on the property market in Malaysia.
PropertyGuru intend for the survey to help consumers and property agents gain a
better perspective of the property market, make an informed decision on which
sectors are doing well and take note of which hot areas to watch out for.
Research Objectives
The Q1-2012 Malaysia Property Sentiment Survey covers the following important
aspects:
Concerns regarding current property (bungalows, apartments/condominiums,
semi-detached houses, terrace houses, commercial properties) prices, rentals
and transactions.
Buying intention for the next 12 months in Malaysia and overseas.
Opinion on the government’s housing interventions and home financing
policies.
Research Methodology
The research was commissioned by PropertyGuru.com.my and managed by a
research team comprising of members from PropertyGuru and independent parties.
Number of households in Malaysia is 6,578,500. A total of 2,134 respondents were
surveyed online, with 95% confidence and 2.1% error level.
The survey was conducted online from 28th March to 16th April 2012.
The respondents are PropertyGuru.com.my users and a cross-representative of
Malaysia’s population across the following regions:
Klang Valley: Kuala Lumpur, Selangor, Putrajaya
Northern Malaysia: Penang, Kedah, Kelantan, Perak, Perlis, Pahang,
Terengganu
Southern Malaysia: Johor, Melaka, Negeri Sembilan
East Malaysia: Sabah, Sarawak, Labuan
8
Demographics Profile of Respondents
45% is from PMEB (Professional, Management, Executive and Businessperson)
Working Status:
More than 50% of respondents are in the middle to lower high income group
(RM2,000 – RM10,000):
45% males and 55% females: 63% are in the age group of 30-50 years:
Male, 55%
Female, 45%
21-29 yrs18%
30-39 yrs41%
40-49 yrs22%
50-59 yrs15%
60-69 yrs4%
9
High Income (Above RM15,000),
Middle High Income (RM10,000–RM15,000)
Low High Income (RM5,000–RM10,000)
Middle Income (RM2,000–RM,000)
Low Income (RM1,000–RM2,000)
Very Low Income (Below RM1,000)
10
Q1 2012 Property Affordability Sentiment Index
Property sentiment index shows that consumers perceive properties to be affordable.
Index explanation: On a scale of 5, neutral score is set at 2.5. If < 2.5, it is considered negative and if
> 2.5 it is considered positive.
The property affordability sentiment index for Q1 2012 is 2.5 on a scale of 5,
compared to 2.7 in our Q4 2011 survey and 2.4 in Q1 2011. An index of 2.5 shows,
compared to Q4, consumers perceive property as becoming unaffordable. However,
compared to a year ago, sentiment towards property has remained almost steadily
unaffordable.
11
The high point in sentiment towards affordability was noted in Q3 2011 after the
government had introduced two housing policies, namely PR1MA and the My First
Home Scheme.
65% of respondents feel all property types in Malaysia are expensive, compared to
60% in Q4 2011 and almost similar to 66% in Q1 2011.
72% feel property prices will increase in the next six months, compared to 61% in Q4
2011 and 71% in Q1 2011. Owing to the introduction of several housing policies with
targeted measures, demand is expected to grow. Due to rise in demand and the
supporting lower interest rates, respondents expect transactions to increase, leading
to price increase. 64% respondents, compared to 57% in Q4 2011, believe the
number of property transactions would increase in the next six months.
More than half of the respondents in Malaysia give property investment high priority.
Sentiments across six types of properties (bungalows, apartments/condominium,
semi-detached house, terrace house and commercial property) have been recorded.
The following are the categories we have used to derive the overall property
sentiment index for Q1 2012:
Sentiment on current property prices in Malaysia
Buying intentions for the next 12 months in Malaysia and overseas
Property pricing and transactions forecast
Importance of property investment to the respondents
12
Data results of Key Findings
Apartment/Condominiums are Most Affordable
How would you characterise the current property prices in Malaysia?
Key note:
3% decrease in perception towards affordability.
Majority feel property across the country expensive.
Highlights:
65% of respondents feel all property types in Malaysia are expensive,
compared to 60% in Q4 2011 and almost similar to the 66% in Q1 2011. This
shows that perception towards affording property has almost remained
unchanged when compared to the same period last year.
Landed property such as terrace, bungalow and semi-detached houses are
perceived to be more expensive indicated by an increase of 3-5% points as
compared to in Q4-2011.
13
Apartments/condominiums and terrace house are the most affordable
property. Similar to Q4, an average of 44% respondents feel this way now
compared to 39% in Q1 2011. This indicates an improvement in affordability
perception.
45% respondents from Southern Malaysia perceive
apartments/condominiums are affordable compared to 38% in Northern
Malaysia and 39% in Klang Valley.
46% respondents from Southern Malaysia perceive property across all
sectors as affordable compared to 33% from Northern Malaysia and 26% from
Klang Valley.
61% respondents from Southern Malaysia perceive terrace houses are
affordable compared to 42% in Northern Malaysia and 30% in Klang Valley.
34% perceive commercial property reasonable, compared to the 38% in Q4
2011. 42% respondents from Southern Malaysia perceive commercial
property as affordable compared to 31% in Northern Malaysia and 26% in
Klang Valley.
The Malaysian Institute of Economic Research (MIER) expects the country’s gross
domestic product (GDP) growth for 2012 to decelerate markedly to 3.7% due to
external factors; however, the government’s forecast is projected to be between 5%-
6%. Also, due to the high costs of food, housing, transportation, non-alcoholic
beverages and public utilities, Bank Negara Malaysia (BNM) forecasted country’s
inflation to remain between 2.5% and 3.0% for 2012.
14
Nevertheless, for 2012, Malaysia’s property market is seen to so far have an
optimistic outlook based on the positive buying sentiment demand to own a home
and need for housing. Also, the favourable interest rate (current base lending rate
[BLR] is 6.6%) environment, healthy employment market and the fact that property
investments are a proven reliable asset class will continue to sustain and drive the
property sector.
The residential property sub-sector is expected to spearhead the property market
and construction activity. The government announced the building of another 7,700
units of affordable homes, especially for middle income group, in Cyberjaya, Putra
Heights, Seremban, Damansara and Bukit Raja through the 1Malaysia People’s
Housing (PR1MA) scheme. Development in the various regional economic corridors
and Greater Kuala Lumpur/Klang Valley would continue to give positive impacts on
property development and the market in the coming years.
15
72% Feel Prices Will Increase, Compared To 62% In Q4
Based on the current market conditions, what do you think will happen to
property prices over the next 6 months?
Key Note:
More feel prices would increase
Less feel prices would decrease
16% feel prices will stay the same
Highlights:
72% feel property prices will increase, compared to 62% in Q4 and 78% in Q1
2011.
16% feel prices will stay the same in the next six months.
71% respondents coming from Klang Valley and 80% from Northern Malaysia
feel apartment/condominium prices will increase in the next six months.
An average of 78% respondents coming from Klang Valley, Northern Malaysia
and Southern Malaysia feel prices for terrace houses will increase in the next
six months.
n=2583 (Q4) n=2134 (Q1)
16
According to the latest statistics available from National Property Information Centre
(NAPIC), the Malaysian House Price Index increased by 6.6% in Q4 2011 relative to
Q4 2010 and declined by 0.5% relative to Q3 2011. Data from our survey shows
majority feel prices will increase in the next six months, however the perception
towards price increase has fallen by 6% y-o-y.
The following table depicts property prices outlook for the next six months (Q1 2012
versus Q4 2011):
17
64% Feel Transactions Will Increase
Based on the current prices of property, what do you think will happen to
property transactions over the next 6 months?
Key note:
More expect transactions to increase in the next six months.
Highlights:
37% respondents feel transactions will stay the same or decrease, compared
to 47% in Q4 and 39% in Q1 2011.
67%, 74% and 70% respondents from Klang Valley, Northern Malaysia and
Southern Malaysia respectively feel apartment/condominium transactions will
increase in the next 6 months.
71%, 77% and 73% respondents from Klang Valley, Northern Malaysia and
Southern Malaysia respectively feel terrace house transactions will increase.
Owing to the various housing policies introduced by the government, increase in
housing supply with the participation of more developers demand is expected to
n=2583 (Q4) n=2134 (Q1)
18
grow. Due to rise in demand, respondents expect transactions to increase and thus
hiked prices.
The following table depicts property transactions outlook for the next six months (Q1
versus Q4):
19
High Property Prices Force Respondents to Rent
Please state the reason on why are you renting instead of owning your current
property of residence.
What factors do you consider prior to renting or purchasing a property?
Key note:
High property prices and unaffordability issues major reasons to rent.
For respondents who do not own their current property of residence and are renting
the whole unit or a room, we asked their reasons for renting their current property of
residence. The following are the highlights:
20
40% respondents rent due to unaffordable property prices. 68% first timers
feel apartments/condominiums, semi-detached and terrace houses are
expensive.
20% say home financing options are unreliable. With regards to this, Bank
Negara Malaysia (BNM) since late 2010 has come up with stricter lending
guidelines to help cool the property market, resulting in more cautious lending
practices by banks in facilitating home buyers’ needs.
14% are not interested to invest in property and are looking for alternative
options.
12% have recently relocated to their current place of residence and are not
interested in buying property there.
8% say lack of information is a reason.
6% are waiting for suitable housing policies from the government.
Having asked survey participants what factors they consider prior to renting a
property, highlights of their response include:
Location (31%) and safety (18%) are the top priorities.
9% of respondents prioritise a favourable rental contract.
Availability of infrastructure/amenities (18%) and design & construction (16%)
are equally important.
8% respondents said a reliable real estate agent to depend upon while house
hunting is an important factor.
When searching for homes, location is an important factor. Identical properties in
different locations can differ in value due to locational differences. Being in a prime
region with prospective development areas, proximity to transport nodes,
entertainment and shopping centres as well as scenic views are among factors that
create value for a property.
21
Almost 60% of Respondents Want Government to Do More
Do you think the government is doing enough to keep property prices in
Malaysia affordable?
Key Note:
Majority are not happy with government actions.
9% fall in pessimism towards government actions y-o-y.
Highlights:
69% want government to do more to keep prices affordable; less pessimism is
seen compared to a year ago.
55% bumiputeras are unhappy with government actions.
Almost 70% respondents from Klang Valley and 65% from Northern Malaysia
feel there are insufficient government actions.
Respondents from Southern Malaysia (48%) are less pessimistic towards
government actions compared to those from other regions in the country. 33%
are not sure on this.
n=1764 (Q1/11) n=2583 (Q4)
n=2134 (Q1/12)
22
The above results show that most respondents felt that the government is not doing
enough to control housing prices. This is in line with other results from our survey
that states majority of respondents felt that home prices are too expensive.
However, in 2011, the Malaysian government has implemented housing policies
such as My First Home Scheme and PR1MA to help the first time home buyers and
young couples. The purpose of these housing policies is to support a stable and
sustainable property market and affordable housing to the common man.
23
One third of Respondents Willing to Upgrade
Based on the current property prices in Malaysia, what would you do for the
next 12 months?
Key Note:
More respondents adopt wait-and-see approach.
Upgrading interest remains steady.
Highlights:
Percentage of respondents adopting a ‘wait and see’ approach remains close
to 66%.
Almost similar to Q4, 33% in Q1 2012 are willing to upgrade their existing
property in the next 12 months. Almost 70% of these respondents in the high
income group (above RM 5,000 per month) would upgrade to either
apartments/condominiums or terrace houses.
47% bumiputeras are willing to upgrade in the next 12 months compared to
the 29% non-bumiputeras.
n=1764 (Q1/11) n=2583 (Q4)
n=2134 (Q1/12)
24
66% of respondents said they are neither downgrading nor upgrading, which could
be interpreted as consumers adopting a “wait-and-see” attitude. Possible reasons
include consumers bracing for a further price hikes and putting off their purchase
until there is ample supply from the various housing policies that can help bring down
prices.
To investigate further, we asked these 66% respondents why they opt to neither
upgrade nor downgrade.
Highlights:
Affordability and uncertain market conditions main reasons for hesitation
among investors.
Out of the 66% not interested in upgrading or downgrading, 69% said it is
because property prices are too expensive and are concerned about the
uncertain market.
60% respondents from Southern Malaysia feel current property prices are too
expensive and are concerned about the uncertain market conditions.
The above results show price is a major factor affecting buying decisions despite the
introduction of new housing policies by the government and the current low interest
rates environment. Respondents’ sentiments show that despite government
interventions, there is a significant level of price sensitivity between demand and
supply in the housing market.
38% of respondents are concerned about external and internal situations that might
lead to market uncertainty. The current global market situations such as the on-going
US and Eurozone financial crises might lead to negative buying sentiments and
influence property investors to adopt a cautious approach.
n = 1390
25
13% Are Considering Investing Overseas
Would you consider purchasing property in the next 12 months?
Key Notes:
Majority respondents want to invest in property in Malaysia.
Klang Valley residents more interested in overseas investment.
Highlights:
13% of respondents are interested in overseas investment. (Q3: 18%)
Out of the 18% interested in investing overseas, almost 46% are from Klang
Valley, 12% are from Southern Malaysia and 10% are from Northern
Malaysia.
13% of respondents in the high income group (above RM 5,000 per month)
are interested in overseas investment, compared to the 18% in Q4.
50% would probably buy another property in the country, compared to the
47% in Q4.
56% of first time buyers are looking to purchase property in the country.
The above results show that majority respondents are interested in purchasing
property in Malaysia. Almost half of the respondents are unlikely to buy foreign real
estate in the coming year. This is an interesting finding as more people now look
forward to buying property within the country. The probable reason for this could be
n=2134
26
more upcoming projects coming in prime locations and the government
implementing more housing polices to help the genuine buyer.
Also, other factors that might be responsible for this decision include implementation
of stricter policies overseas for foreign buyers in the region, the higher property
prices overseas, more cash needed for down payments and the current global
economic conditions.
Following table shows most popular property investment destinations for Malaysians:
n=375
27
Other Findings
I. Do you think the 'build then sell' (BTS system) is an effective policy
whereby 'property buyers pay only 10% upon signing the sale and
purchase agreement and their housing loans are not drawn down until
after the property is handed over to them'?
II. Do you agree to the following? Developers can release intended
bumiputera units/lots sooner to other buyers should there be
insufficient response after extensive advertising and promotion.
Key Notes:
Majority approve of BTS system.
Majority agree that bumiputera units should be release to other buyers.
Highlights:
63% agree BTS system is an effective policy.
56% of first timers and 66% of bumiputeras agree to the BTS system.
69% from Klang Valley and 58% from Northern Malaysia approve of the BTS
system.
Only 37% of bumiputeras whereas 62% first time buyers agree to release
units/lots reserved for bumiputeras.
n=2134 n=2134
28
III. When jobs are increasingly concentrated in areas of higher housing
costs i.e. major cities and towns in Malaysia, there is a growing trend
where households are experiencing an affordability problem, as these
households spend more than 25 percent (for rent) to 30 percent (for
mortgage repayments) of their gross monthly income on housing.
Key Notes:
80% of respondents residing in Klang Valley agree that they are facing
affordability issues after relocating to urban areas
Majority agree that bumiputeras units should be released to other
buyers.
Highlights:
80% respondents agree that they are facing affordability issues due to
relocating to urban areas with higher housing costs.
80% of respondents falling in the low to middle income group, residing in
Klang Valley agree that they are facing affordability issues after relocating to
urban areas.
Almost 30% respondents with monthly household income above RM 2,000
said they spend more than 20% of it towards mortgage loan.
n=2134
29
IV. Where in Malaysia holds potential to become the next residential
hotspot?
Key Notes:
Johor Bahru and George Town: future hotspots
Highlights:
George Town and Johor Bahru expected to be the next hotspots.
33% from Klang Valley feel that Kajang will be the next hot spot for property
investment.
Almost 60% respondents residing outside Malaysia feel Johor Bahru is the
next hot spot for investment.
As of 2004, a few townships have been developed in Kajang, such as Taman Prima
Saujana (straight from Jalan Cheras), Sungai Chua, Taman Kajang Perdana (Kajang
Highlands) . Lately, many high-end developments have mushroomed in Kajang such
as Twin Palms, Sri Banyan, Country Heights, Jade Hills and Prima Paramount.
30
Appendix
Following questions have been taken into consideration to calculate the sentiment
index:
1. Would you seriously consider purchasing any property in the next 12 months?
2. Based on the current property prices in Malaysia, what would you do for the
next 12 months?
3. How would you characterise the current property prices in Malaysia?
4. Based on the current market conditions, what do you think will happen to
property prices over the next 6 months?
5. Based on the current market conditions, what do you think will happen to
property transactions over the next 6 months?
6. In terms of investment purposes, how do you prioritise property investment
when compared to stocks, bonds, gold, insurance etc.?
31
About PropertyGuru Group
PropertyGuru was founded in 2006 as a self-funded company, with a vision to make the
property search process a breeze for buyers, sellers and investors. Taking advantage of
Asia’s growing affluence for property and the online boom, it received its first VC investment
funding in 2008. Since then, the company has grown rapidly, reaping profits and positive
cashflow in 2009 and tripling its revenue growth in 2010.
PropertyGuru is now Asia’s leading online property portal group, with a presence in ten
countries, including offices in Singapore, Malaysia, Indonesia, Thailand and partnerships
with leading property websites in Australia, Hong Kong, India, Macau, Vietnam and China. It
has 6.5 million buyers viewing 60 million property pages monthly, with a growing database of
300,000 buyers and over 14,000 real estate agents.
PropertyGuru provides an integrated media platform that real estate developers and
agencies can use to promote their brands and generate sales leads. The entire
PropertyGuru community boasts 400,000 residential and commercial properties and clients
include almost 1,000 prominent developers from Asia, Europe and the Americas.
PropertyGuru has won multiple awards:
OPP Awards For Excellence 2011 (Gold)
“Best Media Brand”
Singapore IT Federation (SITF) Merit Award
for “Mobile Application” 2011
OPP Awards For Excellence 2011 (Silver)
“Best Online Service”
Singapore IT Federation (SITF) award for
“Best E-Enterprise Company 2010”
Red Herring Top 100 Asia Award 2011 Singapore Venture Capital & Private Equity
Association (SVCA) award for “Best
Performing VC Backed Company 2010”
Marketing Magazine Digital Media of the
Year 2011, Singapore Property Category
Marketing Magazine’s “Top Digital Media of
the Year 2010” Award
South East Asian SME Tiger Awards 2011
Gold Award – Online Business
CNBC World's “Best Property Portal Award
2009" Award
Hitwise “No.1 Website in the Property
Industry” award 2011”
Google Zeitgeist Singapore 9th Fastest
Rising Search Term 2009 Award
32
Asia’s Leading Property Portal Group includes:
www.PropertyGuru.com.sg is used by over 2 million consumers viewing 29 million pages,
generating over 225,000 leads for advertisers every month. The site provides real-time
access to multimedia-rich content covering property-related products, services, news,
advice, guides, tools and the largest online property database in Singapore. It works closely
with prominent real estate developers, housing agents and home-related firms locally and
overseas.
www.PropertyGuru.com.my is the fastest growing Malaysian property portal set up as part of
a joint venture between PropertyGuru Group and Malaysia's RedBerry. PropertyGuru has
over 800,000 visitors viewing more than 4 million pages monthly. With over 110,000 listings
and 3,500 agents signed up, PropertyGuru gives consumers the platform to find properties
for purchase, sale, rental or investment and a direct channel to search for and contact
agents. An SME Tiger Award Winner for Online Business (Gold Award), PropertyGuru is
designed with the end-user in mind; featuring real-time access to multimedia-rich content,
covering property-related products, services, news, advice, guides, tools and a rapidly
growing online property database in Malaysia.
www.CommercialGuru.com.sg was launched in August 2010 and is used by 150,000
business users browsing 1.7 million pages and generating over 50,000 leads for advertisers
every month. It is Singapore’s only independent, dedicated commercial and industrial
property portal.
www.LoanGuru.com.sg was launched in January 2010 as an independent online mortgage
brokerage, providing real-time access to over 300 mortgage packages from 23 major local
and international banks. It generates over 500 loan leads per month.
www.Rumah.com was founded in 2007 and is Indonesia's top property website, with over
950,000 visitors viewing 8 million pages every month. The website lists over 120,000
properties for sale and rent in Indonesia and has a database of 11,000 opted-in members.
Rumah.com is an online media campaign that provides the ideal search experience for all
types of property: residential, commercial and industrial. It allows sellers and renters to place
on its site property advertisements which can be easily viewed by prospective buyers, who
can search for property based on location and / or price.
www.DDProperty.com was established in 2007 to help Thai consumers find their desired
properties for sale and rent in the fastest and most efficient way. There are over 1.3 million
33
visitors viewing more than 8 million pages every month, making it one of Thailand’s top
property portals. DDProperty.com allows users to search for residential and commercial
properties and constantly finds new ways to improve its navigation and search capabilities to
allow consumers to find their dream property quickly.
For recent news, please visit www.PropertyGuru.com.my/media/press-release. For more
information, visit www.PropertyGuru.com.my, www.PropertyGuru.com.sg,
www.CommercialGuru.com.sg, www.LoanGuru.com.sg, www.Rumah.com or
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