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Booming property development in Malaysia

  • December 09, 2010
  • • Source: ITTO's Tropical Timber Market Report
  • • Views: 1057
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Two major Malaysian timber companies, Permaju Industries Bhd and Eksons Corp Bhd are diversifying from their core businesses and moving into property development as the Malaysian property market continues to heat up.

According to statistics provided by the National Property Information Centre (Napic), the average price of a residential property in Malaysia has risen by 16% during the first half of this year to RM212,815 (US$68,600). Residential properties in Malaysia are the most expensive in Southeast Asia after Singapore.

Property development is a lucrative business especially for those with a good reputation and status. Property developers are allowed to collect payments and deposits from potential buyers, when projects are launched.

Preparations underway for Malaysian International Furniture Fair
The Malaysian International Furniture Fair (MIFF) 2011 will be held at the Putra World Trade Centre (PWTC) and Kuala Lumpur Convention Centre (KLCC), from 1 to 5 March 2011. The MIFF will provide 80,000 square metres of exhibition floor space.


Malaysia Log Prices
Sarawak log, FOB US$ per m³
Meranti SQ up 245-270
Small
230-260
Super small
230-251
Keruing SQ up 230-242
Small
216-244
Super small
201-246
Kapur SQ up 221-246
Selangan Batu SQ up 212-246

Pen. Malaysia logs, domestic (SQ) US$ per m³
DR Meranti 253-272
Balau 310-339
Merbau 341-373
Rubberwood 84-118
Keruing 230-246
Peninsular Malaysian meranti logs are top grade and are used for scantlings for the EU. Their prices are higher than Sarawaks.


Malaysia Sawnwood Prices
Malaysia Sawnwood, FOB US$ per m³
DR Meranti
401-437
White Meranti A & up
292-322
Seraya Scantlings (75x125 KD)
440-453
Sepetir Boards
261-283
Sesendok 25,50mm
352-370
Kembang Semangkok
314-337

Malaysian Sawnwood, domestic
US$ per m³
Balau (25&50mm,100mm+)
332-352
Merbau
464-516
Kempas 50mmx (75,100 & 125mm)
268-308
Rubberwood 25x75x660mm up
223-273
50-75mm Sq.
262-294
>75mm Sq.
284-313


Malaysia Plywood Prices
Malaysia ply MR BB/CC, FOB US$ per m³
2.7mm
422-484
3mm
402-432
9mm & up
349-421
Meranti ply BB/CC, domestic US$ per m³
3mm
346-437
12-18mm
329-358


Other Malaysia Panel Prices
Malaysia, Other Panels, FOB US$ per m³
Particleboard Export 12mm & up
239-262
Domestic 12mm & up
226-243
MDF            Export 15-19mm
293-324
Domestic 12-18mm
283-301


Malaysia Added Value Product Prices
Malaysia, Mouldings, FOB US$ per m³
Selagan Batu Decking
553-564
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
568-581
Grade B
522-532


Malaysia Furniture and Parts Prices
Malaysia, Rubberwood, FOB US$ per piece
Semi-finished dining table solid laminated top 2.5'x4', extension leaf
69-85
As above, Oak Veneer
76-90
Windsor Chair
68-70
Colonial Chair
66-71
Queen Anne Chair (soft seat) without arm
67-74
with arm
66-75
Chair Seat 27x430x500mm
54-59
Rubberwood Tabletop US$ per m³
22x760x1220mm sanded & edge profiled
Top Grade
601-631
Standard
581-601


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