Surge In Property Loan Application Signals Sustained Buyer Interest
Surge In Property Loan Application Signals Sustained Buyer Interest
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MIDF Amanah Investment Bank Bhd (MIDF Research) has maintained a positive rating on the Malaysian property sector, citing a rebound in loan applications and approved loans for property purchases in October 2024. The research house has reaffirmed their BUY calls on Mah Sing Group (RM2.04) and Matrix Concepts (RM2.48), noting strong new sales momentum and strategic growth initiatives.
MIDF信託投資銀行Bhd(MIDF研究)對馬來西亞房地產板塊維持積極評級,稱2024年10月貸款申請和批准的房產購買貸款出現反彈。研究機構重申對Mah Sing集團(RM2.04)和Matrix Concepts(RM2.48)的買入建議,指出強勁的新銷售勢頭和戰略增長舉措。
Loan applications for property purchases surged to RM56.4 billion in October 2024, a 15% month-on-month increase, following a decline in September attributed to public and school holidays. Year-on-year, the October applications also grew by 4.1%, signalling sustained buyer interest.
2024年10月房產購買貸款申請激增至564億令吉,環比增長15%,此前9月由於公共假期和學校假期而出現下降。同比看,10月份申請也增長了4.1%,表明購房者的興趣持續保持。
This brought the cumulative loan applications for the first ten months of 2024 to RM532.4 billion, reflecting a 3.96% increase year-on-year. Approved loans similarly rebounded to RM24.3 billion in October, up 11.3% from the prior month, with a stable loan approval ratio of 44% for the year-to-date. The house believes this trend bodes well for property developers' new sales prospects.
這使得2024年前十個月的累積房貸申請達到5324億令吉,同比增長3.96%。批准的貸款也在10月反彈至243億令吉,比前一個月增長了11.3%,年度至今的穩定貸款批准比率爲44%。研究機構認爲,這一趨勢對房地產開發商的新銷售前景大有裨益。
The sector's third-quarter earnings were mixed, with most property developers meeting expectations. Sunway Bhd outperformed due to a significant earnings boost from its Singapore development project, Parc Central Residences. Meanwhile, SP Setia fell short of expectations due to slower progress billing and higher taxes.
該行業第三季度的收益表現褒貶不一,大多數房地產開發商符合預期。新礁凱發展計劃Parc Central Residences令Sunway Bhd表現突出。同時,SP Setia由於進度帳單較慢和稅收增加而未達預期。
MIDF Research noted that despite rising expenses impacting some developers like Matrix Concepts and SP Setia, stable new sales and ongoing projects supported overall earnings growth in the quarter.
MIDF研究指出,儘管像Matrix Concepts和SP Setia這樣的一些開發商受到上升費用的衝擊,但穩定的新銷售和進行中項目的支持支持了本季度整體盈利增長。
In terms of property overhang, Malaysia's residential property overhang fell to 21,968 units in the third quarter of 2024, the lowest level in seven years. This improvement was led by inventory clearances in key states such as Kuala Lumpur, Perak, Johor, Penang, and Selangor. The decline in serviced apartment overhang, particularly in Johor and Kuala Lumpur, further reflected developers' efforts to manage supply and cater to stronger demand.
就房產滯銷而言,馬來西亞住宅房產滯銷在2024年第三季度降至21,968個單位,爲七年來的最低水平。這一改善得益於吉隆坡、霹靂、柔佛、檳城和雪蘭莪等關鍵州的庫存清理。服務式公寓滯銷的減少,尤其是在柔佛和吉隆坡,進一步反映了開發商管理供應和滿足更強需求的努力。
Looking ahead, MIDF Research anticipates continued earnings growth for property developers in 2025, supported by steady sales and progress billing from ongoing projects. The Johor-Singapore Special Economic Zone (JS-SEZ) and the Johor Bahru-Singapore Rapid Transit System (RTS) Link remain key catalysts for the sector.
展望未來,MIDF研究預計,2025年房地產開發商將繼續實現盈利增長,受益於持續的銷售和進行中項目的進度帳單。柔佛-新加坡特別經濟區(JS-SEZ)和新山-新加坡快鐵系統(RTS)環節仍是該行業的關鍵推動因素。