Homes in Stockholm Zdravko Markovski, Business Unit Manager, JM Residential Stockholm and JM Property Development
SEK/m 2 Prices for tenant-owned apartments Stockholm region 2000 Q3 2011 70 000 Price trend on existing home market 60 000 Östermalm City/Vasastan 50 000 40 000 30 000 20 000 10 000 0 Source: Mäklarstatistik WSP, Tyréns Temaplan AB and Erik Olsson Fastighetsförmedling AB 200001 200007 200101 200107 200201 200207 200301 200307 200401 200407 200501 200507 200601 200607 200701 200707 200801 200807 200901 200907 201001 201007 201101 201107 Entire downtown area Kungsholmen Södermalm Nearby suburbs Uppsala Municipality Periphery - north Periphery - south Periphery 2011-11-25 Capital Market Day 25 Nov// ZM 2
Home sales figures JM Residential Stockholm Number 2 500 2 000 1 500 1 631 1 907 1 061 1713 1) 1 408 2) 1072 3) 1 000 500 0 2006 2007 2008 2009 2010 Jan-Sep 2011 Q1 Q2 Q3 Q4 1) Includes rental units 562 2) Includes rental units 211 3) Includes rental units 77 2011-11-25 Capital Market Day 25 Nov// ZM 3
Housing starts JM Residential Stockholm Number 2 500 2 000 1 770 1 820 1 604 2) 1 500 973 1 102 1) 1 335 3) 1 000 500 0 2006 2007 2008 2009 2010 Jan-Sep 2011 Q1 Q2 Q3 Q4 1) Includes rental units 492 2) Includes rental units 211 3) Includes rental units 77 2011-11-25 Capital Market Day 25 Nov// ZM 4
Demographic development vs housing production Number 40 000 35 000 30 000 25 000 20 000 15 000 10 000 5 000 Stockholm 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Increased population Completed homes Increased population covered by newly produced housing Source: Statistics Sweden, compiled by Prognoscentret Aug. 2011 11/25/2011 2011-11-25 Capital Market Day 25 Nov// ZM 5
Population increase Stockholm county Number 2 100 000 1 900 000 1 889 945 1 918 104 1 949 516 1 981 263 2 019 182 2 054 343 1 700 000 1 500 000 2005 2006 2007 2008 2009 2010 1) 1) Including: Birth surplus 13,982 Source: Statistics Sweden/Office of Research and Statistics Net migration rest of Sweden 6,070 abroad 15,059 Total Increase 35,111 2011-11-25 Capital Market Day 25 Nov// ZM 6
Housing production vs. population growth Stockholm county Number of homes 40 000 37 919 35 000 30 000 31 747 35 161 30 183 25 000 Population growth 20 000 15 000 10 000 5 000 11 680 6 489 9 497 5 276 15 467 8 593 10 505 5 836 Number of homes Number of people estimated at 1.8 person per unit 0 2008 2009 2010 2011 1) 1) Through Q 3 2011 Source: Statistics Sweden 2011-11-25 Capital Market Day 25 Nov// ZM 7
JM target groups Young Adults Own income, independent living No children Age: about 25 40 Modern families with children Families with children under 11 years Age: about 30 49 Mid-life Seniors No children living at home Age: about 50-69 Retired Age: about 70 and up 2011-11-25 Capital Market Day 25 Nov// ZM 8
% 40 30 20 JM buyers by target group - Tenant-owned units 35 31 24 23 24 21 10 9 13 9 11 0 2009 2010 Young adults Modern families with children Mid-life Senior Others Compilation based on buyers moving in to homes in Sweden during 2009 and 2010 through JM AB. (Excluding AB Borätt and Seniorgården customers) 2011-11-25 Capital Market Day 25 Nov// ZM 9
Successful VIP concept Percentage of JM buyers who are VIP customers at time of purchase 40% 35% 34% 32% 30% 25% 26% 27% 20% 19% 15% 10% 9% 5% 0% 2005 2006 2007 2008 2009 2010 2011-11-25 Capital Market Day 25 Nov// ZM 10
Examples of areas for development Ongoing/completed projects Storage Outdoor spaces Bathrooms Sustainability Development projects 2012-2013 JM s Neighborhood Development Program Kitchens Housing of the future (Smart Homes) Families with children in urban environment 2011-11-25 Capital Market Day 25 Nov// ZM 11
JM Original 2012 Interior design concepts developed based on trends and JM target groups. Each concept is a complete theme (tile, paint, wallpaper, cabinets, etc). Modern Scandinavian Nature 2011-11-25 Capital Market Day 25 Nov// ZM 12
Building rights portfolio Number 2011-09-30 2010 2009 Region Sthlm North 4,900 3,500 3,300 Region Sthlm South 3,200 3,500 3,500 Region Sthlm City 4,000 4,100 3,900 Total approx. 1) 12,100 11,100 10,700 1) Incl. in the balance sheet 7,100 7, 100 7,500 2011-11-25 Capital Market Day 25 Nov// ZM 13
Housing starts Q1 2011 JM Residential Stockholm Project Municipality Units Rosenlund, Frösunda Stockholm 108 Silverlönnen, Järva Sundbyberg 84 Sjövikshöjden 4 Stockholm 98 Catalinahöjden 1, Hägernäs Täby 69 Esplanaden 1, Täby C Täby 69 Total 428 2011-11-25 Capital Market Day 25 Nov// ZM 14
Housing starts Q2 2011 JM Residential Stockholm Project Municipality Units Älta stage 4 Nacka 36 Solna stadsvillor stage 1 Solna 24 Kubisten Telefonplan stage 1 Stockholm 62 Garphyttan, SG Hjorthagen Stockholm 69 Gotska Sandön, Hjorthagen Stockholm 69 Sjöstadskanalen Henriksdalshamnen Stockholm 46 Hästkastanjen, Långbro Stockholm 65 Sandhamn stage 1 Stockholm 68 Total 439 2011-11-25 Capital Market Day 25 Nov// ZM 15
Housing starts Q3 2011 JM Residential Stockholm Project Municipality Units Körsbärsdalen stage 1 Stockholm 54 Vattenfall stage 4 Stockholm 77 Fågelviken stage 4 Stockholm 102 Sjövikskajen, Marievik Stockholm 131 Solbacken, Hässelby Stockholm 38 Catalinahöjden stage 2 Täby 66 Total 468 2011-11-25 Capital Market Day 25 Nov// ZM 16
Rosenlund Frösunda, Solna 2011-11-25 Capital Market Day 25 Nov// ZM 17
Silverlönnen Järvastaden, Sundbyberg 2011-11-25 Capital Market Day 25 Nov// ZM 18
Älta 4 Nacka 2011-11-25 Capital Market Day 25 Nov// ZM 19
Hjorthagen Stockholm Garphyttan Gotska Sandön 2011-11-25 Capital Market Day 25 Nov// ZM 20
Sjöstadskanalen, Henriksdalshamnen Stockholm 2011-11-25 Capital Market Day 25 Nov// ZM 21
Farsta Strand 1 Stockholm 2011-11-25 Capital Market Day 25 Nov// ZM 22
Körsbärsdalen Stockholm 2011-11-25 Capital Market Day 25 Nov// ZM 23
JM Property Development Rental housing and senior housing
Building rights for rental housing and senior housing Rental housing, approx. 900 units Senior housing, approx. 300 units 2011-11-25 Capital Market Day 25 Nov// ZM 25
Rental housing Tjärtunnan, Stureby 154 rental units, 1-4 rooms and kitchen 2011-11-25 Capital Market Day 25 Nov// ZM 26
Senior housing Dalénum, Lidingö 54 residential units 2011-11-25 Capital Market Day 25 Nov// ZM 27
2011-11-25 Capital Market Day 25 Nov// ZM 28