Malaysia: New homes out of reach for young workers

Fonte:
ITTO's Tropical Timber Market Report
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Prices of residential housing in Malaysia have increased to a point where they are almost beyond the reach of many young working adults, says an analyst.

Increased ferrous and non-ferrous commodity prices and increases in the costs of other construction materials such as cement and roofing tiles over recent years is one of the main contributory factors. Estimates put the cost of construction at around 70% of the total cost of a property with land cost accounting for the balance 30%.

Construction grade sawn mixed hardwood prices have risen and formboard plywood for poured concrete work costs RM1,290 per cubic metre, up from the RM820 per cubic metre seen in the recent past.

Steel bars could constitute up to 20% of construction cost, while concrete account for 15% and other masonry works account for 10% of the cost. The cost of construction materials has increased by no less than 70% in the last 5 to 6 years in Malaysia.

Analysts suggest that the price difference between domestic and export quality sawnwood and panel products such as plywood will continue to narrow substantially over the rest of the year.

Some timber traders are of the opinion that selling to the local construction industry may now be more attractive and profitable than exporting, especially as the EU debt crisis and economic uncertainty in the US continues to bear on the market.

Latex prices steady so no change in rubberwood prices
The price of rubberwood sawnwood is unchanged as the prices of crude rubber latex remains stable so there is no incentive for plantation owners to fell and replant rubber plantations. The main market for latex is the automobile and aircraft tyre industry. Both industries are still very much in the doldrums due to weak global demand.

Clearing of redundant oil palm plantations underway
The current dry weather is providing oil palm plantation owners the opportunity to replant. The clearing of redundant and old oil palm trees is also creating much needed raw material for panel product manufacturers. Analysts report that the trade is not expecting export prices of plywood and other panel products to vary much over the next few months.

Malaysia Log Prices Malaysia Log Prices
Sarawak log, FOB US$ per m³
Meranti SQ up 256-283
Small
247-277
Super small
247-269
Keruing SQ up 241-253
Small
232-264
Super small
221-245
Kapur SQ up 232-258
Selangan Batu SQ up 230-263

Pen. Malaysia logs, domestic (SQ) US$ per m³
DR Meranti 269-286
Balau 322-352
Merbau 360-391
Rubberwood 102-136
Keruing 243-259
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
409-445
White Meranti A & up
304-334
Seraya Scantlings (75x125 KD)
449-461
Sepetir Boards
274-303
Sesendok 25,50mm
361-379
Kembang Semangkok
332-359

Malaysian Sawnwood, domestic
US$ per m³
Balau (25&50mm,100mm+)
343-363
Merbau
475-527
Kempas 50mmx (75,100 & 125mm)
284-324
Rubberwood 25x75x660mm up
237-287
50-75mm Sq.
275-307
>75mm Sq.
297-327


Malaysia Plywood Prices
Malaysia ply MR BB/CC, FOB US$ per m³
2.7mm
440-500
3mm
420-450
9mm & up
372-442
Meranti ply BB/CC, domestic US$ per m³
3mm
363-453
12-18mm
346-375


Other Malaysia Panel Prices
Malaysia, Other Panels, FOB US$ per m³
Particleboard Export 12mm & up
254-277
Domestic 12mm & up
246-260
MDF            Export 15-19mm
307-338
Domestic 12-18mm
298-317


Malaysia Added Value Product Prices
Malaysia, Mouldings, FOB US$ per m³
Selagan Batu Decking
565-575
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
580-593
Grade B
534-544 


Malaysia Furniture and Parts Prices
Malaysia, Rubberwood, FOB US$ per piece
Semi-finished dining table solid laminated top 2.5'x4', extension leaf
76-92
As above, Oak Veneer
83-97
Windsor Chair
75-77
Colonial Chair
73-78
Queen Anne Chair (soft seat) without arm
73-82
with arm
73-82
Chair Seat 27x430x500mm
61-66
Rubberwood Tabletop US$ per m³
22x760x1220mm sanded & edge profiled
Top Grade
622-652
Standard
606-622


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