Here's Something Interesting to Have a Thought About It
Have you ever thought about what will it be for Property Development in 100 years’ time? What will it looks like? What kind of technologies will we have? Or maybe even how's the earth condition at that period?
Here's an interesting article about it and also outlook from some renowned developer:
The article is provided by Nippon Paint Malaysia publish in TheEdgeProperty.com
Property development in 100 years’ time
By Nippon Paint Malaysia | October 27, 2016 7:43 PM MYT
IN the 19th century, French artist Jean-Marc Côté and other artists produced a series of futuristic artworks called “En L’An 2000” or “In The Year 2000” that depicted scientific advances imagined as achieved by the year 2000. Among them, at a time when mobile homes were unheard of, was a painting of a house on wheels rolling through the countryside, which has become a reality today.
From merely building a roof over our heads, property developers today have come up with lifestyle developments such as high-rise homes that offer a myriad of facilities from rooftop gardens to infinity pools to even jogging tracks and man-made beaches in the sky!
With frontier technology, property marketing has also evolved as developers today have embraced social media marketing to engage with their customers and adopted the latest virtual reality technology to provide 3D virtual reality property tours. In the construction sector, we are seeing more pre-fabricated homes and “smarter” building materials, including smart concrete that heals its own cracks, double glazed glass, and special effect paint coatings like the Nippon Paint Momento Special Effect Paint that takes traditional paint to a whole new level! These are things that people in the past couldn’t have imagined.
So what more does the future hold? What would future advances bring about in property development? Here are four leading developers in Malaysia telling us what they see in their crystal balls.
SkyWorld: People-centric developments
SkyWorld Development Group COO Lee Chee Seng foresees that developments would be more people-centric and focused on quality community living.
“Technology will play a big part in home living; in enhancing communications, security, conveniences like shopping and others,” he muses.
In the construction process, IBS (Industrialised Building System) may regulate how buildings are constructed in the future while green building standards will be the norm. “Adopting the Green Building Index (GBI) is now an optional practice, it will possibly be compulsory in future,” he opines.
He expects three current trends to remain in the future — gated-and-guarded developments, healthy and functional living environments, and the adoption of GBI features such as low-emission glass, inverter lifts, energy-saving lights, etc.
“Gen Z prefers smaller, more urbanised and easier-to-maintain homes with better security features, as we now see in Thailand, Australia and Singapore, and it would be a matter of time before Malaysia catches up,” Lee predicts.
“Parking bays may be reduced in tandem with the drop in car ownership with better public transportation in the city such as MRT (mass rapid transit) and LRT (light rail transit) and technologies such as Uber and GrabCar changing the way people travel.
“With the growing awareness of healthy living, we will also see the increase of sports facilities or parks,” he continues.
IJM Land: Smart cities
With technology advancing at such a rapid pace, the world will be an entirely different place from today, says IJM Land Bhd managing director Edward Chong Sin Kiat.
In the future, Chong expects building construction to be much more efficient and quicker with less use of natural resources such as land, space and materials.
“Transportation is a major consideration in today’s market but will be a thing of the past while flying vehicles or maybe, just maybe, teleportation will be the new norm,” he visualises.
With driverless cars in testing and car sharing already in the works, car ownership and consequently car parking requirements will be reduced significantly, thus creating a new trend in property development, he adds.
“There will be seamless connectivity wherever you go as cities turn into smart cities where every movement and action can be monitored,” Chong says.
Kitchens may have to make way for other uses as food and drinks may be in capsule or tablet form. Shopping may also be different where online stores will enable customers to touch and feel the products. Virtual reality may also enable you, your family and friends to experience shopping together without leaving your homes or offices.
Nevertheless, Chong believes the human touch and emotional experiences are elements that cannot be replaced despite the rapid growth of technology.
“Without all these fundamentals, humans will be no different from machines. As such, I believe that all trends related to emotional aspects will remain.”
Mah Sing: Technologically equipped
A century from today, the property landscape will be very much technologically driven, says Tan Sri Leong Hoy Kum, the group managing director of Mah Sing Group Bhd.
“With new technological innovations emerging almost on a daily basis, homes in the future will be equipped to make lives more convenient. For example, homebuyers nowadays are already looking at keyless options and Mah Sing has incorporated keyless digital locksets at its Cerrado Residential Suites in Southville City @ KL South,” he adds.
Leong points out that construction will continue to focus on environmentally friendly systems as developers aim to minimise wastage of raw materials while delivering sustainable homes. With greater awareness of environment protection, Leong expects green developments to be more popular in future.
He shares that small units in strategic locations that are affordably priced will be in demand as long as they are in key locations near offices, public transportation and facilities. Space utilisation will be an important trend. “Smaller units have to be designed in a way that fully utilises the room’s space,” he says.
“If we were to develop a dream project, it would be an integrated development with small units and surrounded by superb infrastructure,” he says, citing that public transportation will provide added convenience to homeowners and lower carbon footprint.
“Hopefully, we can achieve this project in the near future. We also hope that the Malaysian property sector will continue to incorporate innovations to make lives easier.”
Tropicana: Diverse universal locations
Tropicana Corp Bhd group CEO Datuk Yau Kok Seng foresees property development to be more innovative and efficient a century from now with technological advancement and as new lifestyle needs emerge.
With prime land becoming scarce, alternatives like floating cities in the sky, or under the sea and even underground, may be necessary, he says, adding that colonies could possibly even be set up on the moon or Mars.
“Properties will be built at any conceivable location. However, they may not be owned but rented because occupants may choose to live at diverse locations, so owning properties will not be economical,” he foresees.
Yau predicts the emergence of properties which are intelligent, interactive and complement the lives and habits of occupants, like smart homes. “They are like a learning ecosystem of the occupants’ habits and movements, adapting and changing according to their needs,” he explains.
He expects construction methods to change with the introduction of advance intelligent systems which are adaptive and more automated such as 3D printing.
“Buildings could be ordered off the shelves, tailor-made to individual requirements and built in the most efficient manner with less or no human labour,” he imagines.
Yau suggests that future developers will play the role of platform providers, integrating technology and lifestyle needs.
”With property development becoming more innovative and efficient, fuelled by the latest technology, it may result in domination by global players who are able to embrace the changes and excel in such conditions,” he muses.
Looking ahead, Yau hopes there will be a well-planned and balanced growth within the urban areas in Malaysia.
This story first appeared in TheEdgeProperty.com pullout on Oct 28, 2016, which comes with The Edge Financial Daily every Friday
Budget 2017, what does it menas to property?
A disappointment for most investor and developers as nothing is moving this direction thought market is soft and bank loan is strict.
Under the new budget, there will be a 100% exemption of stamp duty given, but only for properties priced no more than RM300,000 which not many people is affected. In fact, its reducing the people who are beneficial from this group. Presently, a 50% exemption is given for the purchase of homes that are priced no more than RM400,000. From summarize, government need more people to submit stamp duty.
What I think, if government wont able to help, Developer will do something to help themselves. Don't you think so? Do you think they want their real estate business just going downwards?
I do think you will get some surprise projects either its very low price or psf. Unless they dont want to focus their business in Malaysia or focus on their non real estate business. The developer may be slowing down in terms of new launches but they still need new sales to move forwards. That's the business nature. But from lately movement, you can see there is more projects launching after cooling down for the first half of the year. Lets see the review from The Edge Properties.
Budget 2017 a let-down for property players
KUALA LUMPUR (Oct 24): Property developers who were anticipating measures to spur the sluggish property market from Budget 2017 last Friday came away disappointed, as there were no clear incentives for them.
In fact, the property market may be worse off going forward, as the stamp duty for purchases of properties priced above RM1 million will be raised to 4% from 3% from Jan 1, 2018, which would discourage the purchase of high-end properties, an analyst tied to a local research house told The Edge Financial Daily.
There were measures announced to address the issue of affordable housing targeted for the bottom 40% of Malaysian households whose income is at RM3,900 and below, which were expected.
But these measures are mostly specific to PR1MA or Perumahan Rakyat 1Malaysia projects — for homes priced at RM300,000 or below — with no indication that it will be extended to private property players.
Other notable measures introduced included the provision of strategic vacant government lands to government-linked companies and PR1MA for the development of more affordable homes priced between RM150,000 and RM300,000, and the development of 10,000 houses to be rented to eligible youths at a below-market rate, for up to five years. Again, not for private players.
Not surprising then, that immediately after the budget was tabled last week, the Real Estate and Housing Developers’ Association Malaysia (Rehda) called on the government to extend the affordable housing incentives to private developers too.
“In areas where PR1MA is not present, we hope that this incentive can be given [to private developments] as long as the [price] threshold of these houses is the same,” Rehda president Datuk Seri FD Iskandar told reporters last Friday.
Under the new budget, there will also be a 100% exemption of stamp duty given, but only for properties priced no more than RM300,000. Presently, a 50% exemption is given for the purchase of homes that are priced no more than RM400,000.
While the above measures address some social housing needs, the analyst said they will provide no boost to listed property developers, as many do not have properties in the RM300,000 and below range.
“The listed big-cap property developers — those with a market capitalisation of more than RM3 billion — were expecting more from the budget. They anticipated an easing in lending policy and a higher allocation for the purchase of homes under Account 2 of the Employees Provident Fund for first-time buyers,” said the analyst.
These were clearly not in the budget. There was also no change to the real property gains tax rate, while the developers’ interest-bearing scheme was still not allowed to make a comeback.
“Overall, the budget was not very helpful to listed players. Stock prices of property developers climbed prior to the budget — most thought it would be a boost for the segment. So there may be some weakness in the counters going forward.
“We expect the local property market to remain subdued going forward,” he added.
S P Setia Bhd president and chief executive officer Datuk Khor Chap Jen also noted the lack of incentives to stimulate the subdued property market.
“We are happy that the government will make financing easier and more accessible, and is looking at reducing the loan rejection rate for first-time home buyers.
“Nevertheless, we noted that the government did not introduce broader incentives to spur the soft property market and has a proposal to increase stamp duty for properties above RM1 million,” said Khor.
Similarly, property consultancy ExaStrata Solutions Sdn Bhd’s chief real estate consultant Adzman Shah Mohd Ariffin said the budget was below expectations.
“Generally, the budget gives a lot more emphasis on affordable housing with more units being developed and a better end-financing scheme. However, the lack of goodies for the real estate market will not augur well,” he said.
On the higher stamp duty rate for homes above RM1 million, Adzman said this will dampen the high-end market, though he noted that there is still a window for transactions in 2017.
“Maybe this was done to encourage transactions in 2017,” he mused.
Mah Sing Group Bhd is one of the few which have decided to view the stamp duty rise in a more optimistic light.
“For those who have the intention of buying higher-end homes, the stamp duty increase from 3% to 4% for homes priced more than RM1 million will encourage advance buying of completed properties prior to Jan 1, 2018.
“Some of our remaining units in M City in Jalan Ampang, Aspen @ Garden Residence and Icon Residence, Mont Kiara, will benefit from this, as buyers will be driven to make a faster purchase in order to not be charged the higher stamp duty rate,” said its group managing director and group chief executive Tan Sri Leong Hoy Kum in a statement.
This article first appeared in The Edge Financial Daily, on Oct 24, 2016
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I always say you have to be creative and in the decoration have to play with colors, shapes and textures to make your home look amazing, very original and especially for you to feel comfortable in it.
Basic to a house are the walls and sometimes do not pay enough attention so a couple of weeks I wanted to make a change and decorate my walls in a creative way, without using tables. The first idea was that I did, but I’ll leave others to see if you dare to make:
Among good living room paint ideas, a great idea to make a difference in your walls, is empapelarla with fun tapestries. For example I placed a striped wallpaper in my living room and was really cool. Besides this wallpaper design makes room ceilings appear higher and so the room looks larger
2. Magnetic Wall:
I love this idea and I have not done yet but sure will do it soon and I’ll tell you how I was. This is painting the wall that you want (I suggest it’s in your kitchen) with at least three coats of paint magnet or magnetic, the need to let it dry for a couple of days and go! It will look like the wall of your fridge. And you know what’s best? You can change the pictures, photos, and other decorative objects, in seconds. Is not it amazing?
A fun way to have your hand whenever your earrings, the work of your children or photographs, is hanging on the walls around clipboards. I recommend you put them on the wall of the room of your children or in a studio.(Read the full tip here )
If you are a collector of dishes then this idea you’ll love. It comes to decorating an entire wall with hanging plates, no matter they are of different sizes and designs … that’s just the fun. You’re going to see what father is!
5. Photographs: It is a fact, the photos brighten a house and see them, do you return to live important moments of your life, so a good idea is to hang on your walls cords or decorative strips as if they were a “clothesline” and use tongs to hang several pictures over it. (See the full tip here ) or as collages.
Article Refer from http://www.jijbentflandersfuture.be/
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