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Issue 94 | Dec 2012 | RM8.00, S$8.00
MICA(P)121/04/2012 KDN PP 13368/04/2013(032224)
Issue 95 | Jan 2013 | RM8.00, S$8.00
MICA(P)121/04/2012 KDN PP 13368/04/2013(032224)
ISSN 1823-8726
9 771823 872006
01
2013 Malaysian Property Market OutlookIndustry stalwarts share their thoughts
Upcoming Developments in the New YearWhat can we look forward to?
BUILDING A NATIONKuala Lumpur Sentral CBD to the fore
Voted No. 1 Property Magazine 2010/2011/2012 by A+M Magazine
12 |
Happy New year!
2012 has come to an end and a whole new year is begining to unfold. I love ushering in the New Year as it gives us the opportunity to make new resolutions and bid farewell to old habits!
I am not sure about you, but I honestly feel that 2012 went by in a blink of an eye. 2012 has certainly been an exciting year for us at iProperty.com Malaysia. I would like to thank all of our readers for continuing to grow with us.
With the New Year, the team has decided to make several changes to the magazine. From our very first issue, this magazine has emerged to be a valued source of information for property buyers and investors, and also the ideal partner for developers and advertisers to showcase their prestigious developments to a targeted group of readers.
It is our commitment to ensure that you have all the information you need to make an informed decision. After all, purchasing a property is one of the biggest investments in your life.
While we still strive to deliver just that, we thought that the magazine could use a makeover. So, you may have noticed that we are donning a new look and feel.
We welcome your thoughts and feedback, and we look forward to hearing from you. So do drop us a note at editorial@iproperty.com.
Wishing you a great 2013!
Sincerely
Shaun Di Gregorio Chief Executive Officer The iProperty Group
CEO’sfOrEwOrd
iProperty.com Magazine is published monthly by iproperty.com Malaysia Sdn Bhd 45-6 The Boulevard, Mid Valley City, Lingkaran Syed Putra 59200, Kuala Lumpur, Malaysia.
DisclaiMerAlthough every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto.
The views by our contributors expressed here are their personal opinions and do not necessarily reflect iproperty.com’s views.
Unless otherwise noted, all artwork and ad designs printed in iproperty.com Magazine are the sole property of iproperty.com Malaysia Sdn Bhd, and may not be reproduced or transmitted in any form, in whole or in part, without the prior written consent of the publisher.
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eDitOr | OOI SUE HWEIaSSiStaNt eDitOr | RAKESH KUMARwriter | ONG XIN YING
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ManaGeMentCHieF eXeCutiVe OFFiCerSHAUN DI GREGORIOCHieF OperatiNG OFFiCerPAUL WHITEWAYCHieF MarKetiNG OFFiCerBECKY LENGGeNeraL MaNaGer – MaLaySiaTIMOTHY HORGeNeraL MaNaGer, DeVeLOperEDWARD SUTTONGeNeraL MaNaGer, BuSiNeSS OperatiONSLOH-LIM SHEN YI
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18 |
NEWS
Bolton Launches Tijani Ukay
Property developer BOLTON Bhd has launched Tijani Ukay, the third series of its high-end development bearing its signature Tijani trademark, at the company’s sales gallery. Surrounding lush greenery and a large tranquil pond, the project is a modern contemporary development consisting of eight units of bungalows and 110 units of zero-lot bungalows within a gated and guarded community.
Boasting an extremely low density of less than one bungalow per acre and a gross development value of RM300 million, Tijani Ukay occupies 23 acres of prime leasehold land in Ukay Perdana, Hulu Kelang. Its bungalows and zero-lot bungalows have a build-up area ranging from 3,700 sq ft to 4,900 sq ft, with prices starting from RM2.4 million depending on the land size, design and location.
The project boasts 24-hour security features such as security fencing, strategically placed CCTV cameras and direct linkage to the guard house control centre which is manned round-the-clock. An added security feature is the Video Voice Intercom linked to the guard house that is installed in every unit.
Setia Awan Holdings Sdn Bhd (Setia Awan) organised a media review and walkabout to showcase the progress of the Seri Iskandar Business Centre (SIBC) in Bandar Seri Iskandar, a development that is set to become one of Northern Peninsular Malaysia’s key commercial and economic hubs. It is scheduled to be completed and fully operational in the first quarter of 2013.
An integrated commercial development occupying a total area of 80 acres, the business centre is the company’s largest project to date. It comprises two, three, four and 6-storey shop office units; the shopping and entertainment complex D Mall with a gross built-up area of 308,697 sq ft; the 8-storey D Hotel with 170 rooms; full banqueting facilities and meeting rooms for business professionals; as well as the one-stop wholesale centre SIBC Wholesale City managed by Nilai 3 wholesale business operators.
The event was followed by the launch of another landmark project, Lavender Heights in Senawang. The development will comprise 599 homes of mixed residences – double storey terrace homes, semi-detached homes and bungalows – with 105 terrace homes being launched initially. In addition, it offers homeowners easy access to educational and healthcare facilities, amenities, and major highways.
A Preview Of Setia Awan’s Seri Iskandar Business Centre
20 |
BOOK REVIEW
This hardcover book features 25 impressive
residential homes that demonstrate the
growth of architectural talent in Malaysia.
The featured homes range from detached
residences set in extensive landscaped
gardens and weekend retreats in the
rainforest, to extended family compounds
and houses in gated communities.
The houses in The New Malaysian House
illustrate the work of more than 20 practising
architects; from leaders of the profession
such as Ken Yeang and Jimmy CS Lim, to
relatively new arrivals such as Kevin Low’s
smallprojects, John Ding and Ken Wong’s
Unit One Design and Wooi Lok Kuang’s Wooi
Architects.
Each glossy page is a visual treat with
beautiful photographs and a detailed
description of each home. The book is
divided into five sections, namely, detached
houses, extended family houses, houses
in gated settlements, refurbished houses,
and second homes and retreats. Each type
of home appears to be driven by different
imperatives and to reflect changing cultural
practices.
The New Malaysian House showcases a
broad variety of design solutions ranging
from the ‘unfinished’ quality of the Safari
Roof House by Kevin Low of smallprojects,
to the Serendah House by Haris Othman of
RDA-Harris Architects and the X1 House by
Lim Teng Ngiom of Ngiom Partnership.
Readers can also feast their eyes on the
Tierra House by Frank Ling and Pilar
Gonzalez-Herraiz of Architron Design
Consultants, and Sekeping Serendah, a
contemporary vernacular weekend house
in steel and glass in a rainforest setting by
landscape architect Ng Seksan.
The book also features a number of works
from non-Malaysians, notably Kerry Hill with
his design for the strikingly modern Bukit
Ledang House, Argentine-born Ernesto
Bedmar with the design of the sensuous
Sadeesh House and the expansive Lurah
Tunku House, and John Bulcock with the
elegant and understated Pixie House.
Author : Robert Powell
PhotogrAPhy : Albert Lim KS
Publisher : Periplus Editions
Price : RM155
PAges : 256
The New MalaysiaN house
2
22 |
EXPO
The most anticipated and highly awaited
property exhibition of 2012, the iProperty.com
Real Deal EXPO, turned out to be a
smashing success; just the right note to end
a very positive year as far as the property
market is concerned.
The 3-day event, which took place from
14 to 16 December 2012, was launched at
the Sunway Pyramid Convention Centre
(SPCC) by Dato’ Sri Peter Chin Fah Kui,
the Minister of Energy, Green Technology
and Water of Malaysia, accompanied by
Paul Whiteway, chief operating officer of the
iProperty Group.
Organised by iProperty.com Malaysia,
the country’s No.1 property website, the
iProperty.com Real Deal EXPO featured
a wide collection of properties, from
prominent local developers to prestigious
international property developments and
real estate agents, all under one roof.
iPROPERTY.COM REAL DEAL EXPO:A SMAShing SuCCESS
Speaking at the launch, Dato’ Sri Peter Chin
stated his appreciation for iProperty.com
Malaysia’s effort to provide property buyers
and investors with a convenient platform
to view the latest developments in town,
grab attractive deals and also have the
opportunity to engage with prominent real
estate figures and be in the know about the
property market.
He also urged all property developers to
play a role in sustaining the environment
by incorporating more natural and
environmental features into their
developments. “The need to care more
for our environment has never been
more crucial,” he said. “By building green,
developers can save money as they reduce
their construction costs, while creating
sustainable buildings that are high in
demand. At the same time, property buyers
will also save money as their maintenance
and utility bills are also reduced.”
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3
“iProperty.com Malaysia also has an
important role to play. As it is highly
regarded as the online portal that provides
the most comprehensive property listings
and up-to-date news on the industry, the
website can also serve as a tool to educate
property buyers and investors on sustainable
living,” added Dato’ Sri Peter Chin.
Aside from the launch of the iProperty.com
Real Deal EXPO, iProperty.com Malaysia
also launched their improved iPad property
search app. Positioning the app as the
‘must have’ app for all property buyers,
investors and first time home buyers
who are on the hunt for their dream home,
Whiteway said, “The iPad property search
app has been redesigned to offer property
enthusiasts a greater and more convenient
platform to get the latest information on
the property industry, as well as search
for their dream home or next property
investment at their fingertips anytime,
anywhere.”
1 Dato’ Sri Peter Chin (centre) addressing members of the media after the launch of the iProperty.com Real Deal EXPO
2 Dato’ Sri Peter Chin; Becky Leng, iProperty Group’s chief marketing officer (second from right); and Whiteway (left) checking out an exhibit
3 (From right) Whiteway; Dato’ Sri Peter Chin; and Becky Leng, iProperty Group’s chief marketing officer, making their rounds at the expo
24 |
ART@HOME 1
From 15 January 2013 to 15 March 2013,
Shalini Ganendra Fine Art will be presenting
the work of five award-winning mid-career
Malaysian artists. The exhibition has taken
over 12 months to realise.
Carefully co-curated by Shalini Ganendra
and up-and-coming talent Ai-Woei Lim, from
the National Art Gallery, MidTerm introduces
some of the best work across a variety
of media emerging from the Malaysian
contemporary scene, including mixed media
work, photography, sculpture, installation,
print-making and painting.
The ‘mid-career’ label is an indicator of
growing excellence. All these artists have
successful solo shows behind them. They
have gained recognition within their own
field, in addition to local and international
education and experience.
MidTerm catches these established artists
relating their important journeys and
narratives through exciting new works.
From printmaking and sculpture, to
photography and installation work, the
exhibition will display the broad range of
artistic creativity so skilfully undertaken to
tackle the subject of the Malaysian identity
and its contemporary society.
This is a subject that fascinates all five of the
selected artists. Kim Peow Ng’s experimental
prints are infused with nostalgic memories of
a small town childhood, and his experimental
collographs examine the relationships between
the individual, society and the environment.
This theme is taken up by Suhaimi Fadzir’s
fishtrap sculptures. Inspired by the plight of
the orang asli, the steel recreations of delicate
and vital indigenous structures lead us to
question the depletion of
native resources, and the
fragility and sustainability
of such traditional
lifestyles in the face of a
rapidly developing and
modernising nation.
Bibi Chew’s insightful installations are both
emotionally and intellectually evocative,
tracing geopolitically freighted issues of race,
nation and individual identity with delicacy
and intensity. More importantly, she is a
Smithsonian SARF Nominee for 2013.
This examination of interior and exterior
life also lies at the heart of Eiffel Chong's
wonderfully executed pictorial photographic
series, whilst Jasmine Kok’s marble carvings
evoke organic forms as the beginning for the
exploration of a particular sensuality of being.
As well as their shared concern and
intellectual ability, these artists are connected
by their commitment for technical excellence,
mastery of craft and aesthetic distinction. The
works are beautiful and intelligent – with local
roots and global perspectives.
5 ExcEptional Mid-carEErMalaysian artists
MidTerM: BiBi Chew, eiffel Chong, JasMine KoK, KiM Peow ng & suhaiMi fadzir
>> Duration : 15 January 2013 – 15 March 2013
>> Venue : Shalini Ganendra Fine Art @ Gallery Residence
8, Lorong 16/7B, Section 16 Petaling Jaya, Selangor, Malaysia
>> Hours : Tuesday – Saturday, 11am – 7pm
>> teL : (603) 7960 4740
>> emaiL : sgfa88@gmail.com >> WeBsite : www.shaliniganendra.com
1 Bibi Chew, HomeGrown I, 8in x 16in, Mixed Media2 Jasmine Kok, Seed, Marble
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| 25
6 Decades of Latiff Mohidin: A Retrospective
presents a variety of art forms produced
by Latiff Mohidin since the 1950s through
2000s. It is a reflection on the process of
making art, the artworks and thoughts
of an artist who contributes much to the
development of Malaysian visual arts.
A collection of about 100 artworks which
include drawings, paintings, prints and
sculptures are chosen to be displayed. A
collection of book cover illustrations of his
published poetry and other publications will
also be shown.
His six decades of artistic journey are best
described with his nine major painting series
respectively entitled as Pra Berlin (1951 –
1959), Berlin (1960 – 1964), Pago-Pago (1964
– 1969), Mindscape 1 (1974), Langkawi (1976
– 1980), Mindscape 2 (1982), Gelombang
(1988), Rimba (1997) and Voyage (2001),
together with a few smaller series and other
forms apart from paintings.
The mentioned series of artworks are
divided into three time periods denoting
important phases of his artistic journey. The
periods are, 1) Formative Period: the times
of discovering, learning and exploring the
visual arts, 2) Meditative Period: the times
of further understanding the roles and
responsibilities of being an artist, and,
3) Gestural Period: the times when maturity
appeared in both visual and literary works.
This exhibition, apart from drawing up
an artistic journey of an artist and his works,
also reflects how an artist’s works can
be meaningful in building up the nation.
It is hoped that young artists will aspire
to become better, and art scholars to
continuously research and publish
for the benefit of Malaysian art and
cultural development.
6 deCades of laTiff Mohidin: a reTrosPeCTive
>> Duration : 26 December 2012 – 13 June 2013
>> Venue : National Visual Arts Gallery, No. 2 Jalan Temerloh
Off Jalan Tun Razak 53200 Kuala Lumpur, Malaysia.
>> teL : (603) 4026 7000 >> FaX (603) 4024 4998
>> WeBsite : www.artgallery.gov.my
6 dEcadEs of latiff Mohidin: a rEtrospEctivE
1 Mindscape X, 1973, Oil on Canvas, 178cm x 254cm
2 Pago-Pago, 1964, Cat Minyak, 98cm x 98cm
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26 |
VIEWPOINT
Datuk Seri Michael k.c. YaMPresident of the real estate & housing Developers’ association Malaysia (rehda)The general outlook for the Malaysian
property market this year is very much
dependent on the world economy. Having
said that, I believe that the sector should
be quite resilient, especially if the Economic
Transformation Programme (ETP) continues
to gain traction, and the Gross Domestic
Product (GDP) and Gross National Income
(GNI) both maintain a steady growth.
The new year’s outlook for any industry is rife with conjecture, and the property scene is no exception. Nevertheless, the opinions that count are the
ones that come from the industry stalwarts themselves. By Ong Xin Ying
2013 Malaysian ProPerty Market
outlook
The end of a year heralds
the dawn of a new one, and
as always this means a lot of
speculation as to what is going
to transpire over the course of
the next 12 months. In light of
the continued gloominess of
the global economic outlook
and other factors such as local
concerns in the form of housing
credit tightening by the banks,
some have expressed scepticism
regarding how Malaysia will fare
in 2013.
However, this is not a
perspective that everyone
shares, especially where the
country’s real estate market is
concerned. Property developers
and other experts of the industry
have ensured that 2013 will
be a busy and eventful year,
and assessments of the overall
property market as well as
the country’s hotspots indicate a
year of strong growth.
iProperty.com Malaysia speaks
to several key players in the
property industry to find out their
forecasts for the new year.
| 27
SiP Mun Yeechief Operating Officer of Da land Sdn BhdI foresee that investors in the country will be
more careful in regards to their investments.
Although the banks will be more stringent
with their lending, I am confident that the
property market will be growing at a healthy
pace. In fact, I believe that with the right
products and correct pricing strategies, the
overall outlook of the local property market
will remain bright and sunny.
ZaMrY iBrahiMMarketing Director (Property Division) of Malaysian resources corporation BhdI think 2013 will be an exciting year.
In fact, with the way the market has
been behaving as well as some of the
measures that the government has
introduced to manage the economy,
developers will have the opportunity to
be more creative.
As such, from a Kuala Lumpur standpoint,
I expect to see more creative residential
projects. Kuala Lumpur as a city is
growing at a rapid pace, while land is
becoming scarcer. Hopefully, this will lead
to innovation in how we live and interact.
I expect to see a lot more integrated
developments where the density will be
higher, but the facilities will be a lot better.
On that note, we would like our
residential projects to be green as well,
but as always there are challenges in
managing costs and how well it will
be received. We need to understand
what the market wants as far as green
and smart technologies are concerned.
These are things we do not want to
rush into lest we put off the buyers.
SiMOn kwanDirector of Sunsuria Development Sdn BhdFor me, the outlook for the year will
depend very much on the banks as
they play a very important role in the
real estate industry. In addition to
that, every year, there are more than
150,000 people moving to Selangor,
and this means that developers will
have to keep building houses to meet
demand.
This has led to the general public
being concerned about the supply
and demand situation, with some
claiming that there is an oversupply of
residential properties.
However, what many people fail to
realise is that there is a need to have an
oversupply of such properties. The reason
for this is because, if the demand were to
exceed supply, prices of properties in the
country would skyrocket.
As such, you need to have a huge
supply of homes for people to
choose from, and for banks to set
up restrictions that would help curb
speculators, as well as those who are
unable to keep up with their payments.
28 |
VIEW POINT | iProperty.com Malaysia’s 2013 Wishlist
iProPerty.com malaysia’s 2013 Wishlist
| 29
In this exclusive article, we asked some of the key people at iProperty.com Malaysia for their opinions, hopes and property related plans for the year.
Shaun Di GreGorioChief exeCutive offiCerWhat is your opinion on the property market outlook for 2013?
Generally, the property market
has been growing at a steady
pace and is in tandem with the
overall growth of the Malaysian
economy. However, I foresee
that the sector will be relatively
slower this year as many people
will want to adopt a wait-and-see
approach, in terms of purchasing
or selling their property, until
after the general election.
Where are the major growth areas or potential hotspots?Major cities such as Kuala
Lumpur, Penang and Johor
Bahru should continue to be
property hotspots as there
is every indication that the
country’s biggest asset, the
growing young working
population, will continue to drive
the growth of the domestic
residential market.
Since the beginning of last
year, trends on our website
have indicated that in the Klang
Valley, areas such as Bangsar,
Puchong, Cheras and Petaling
Jaya have remained a hotspot
for consumers as these areas
have generated the most
number of searches.
What is your advice for property buyers, sellers or investors?For property buyers, my advice
would be to conduct a thorough
research and examine your
finances before you decide to
purchase a property. For sellers
and investors, it would be ideal
to engage the services of a
professional property valuer to
ensure that you are getting the
best value for your property.
What are the changes that would you like to see in the property sector?I think it would be a good idea to
introduce stricter regulations to
help curb property speculation. I
would also like for more property
developers to develop properties
that are priced under RM500,000.
What are your property related plans for this year?At the moment, I do not have any
intention to buy any property this
year. However, I may change my
mind if I come across an offer
that is too good to resist.
if you could buy/build your home anywhere in Malaysia, where would you buy/build it and why?I would build a home near a
beach, only because of the
serenity that it brings and for the
breath-taking view.
VIEW POINT | iProperty.com Malaysia’s 2013 Wishlist
30 |
Paul WhiteWayChief OPerating OffiCerWhat is your opinion on the property market outlook for 2013?As I am very new to Malaysia, I
do not really have a good sense
of the local property market yet.
I have heard that some people
believe that the market will be
relatively flat, except in certain
areas such as Johor Bahru
and East Malaysia where the
demand will remain strong. I also
understand that banks are being
more careful when it comes to
edWard SuttOngeneral Manager, develOPerWhat is your opinion on the property market outlook for 2013?There is every indication that the
sector will face a slow first quarter
due to the general election.
However, I also believe that the
situation will improve by the end
of Q2. The country’s economic
fundamentals are sound, so we
should see growth return in the
second half of the year.
Where are the major growth areas or potential hotspots? In my opinion, some of the
upcoming growth areas will
approving loans, which may deter
speculative investors.
Where are the major growth areas or potential hotspots?Before coming to Malaysia, I was
living in Singapore for the past five
years, and I am simply amazed
at the number of people who are
moving to Johor Bahru. It is just
a short drive across the Johor-
Singapore Causeway to Singapore.
As such, getting to work and
sending the kids to school is
very quick, yet property prices
in Johor Bahru are much,
much more reasonable than
in Singapore. Going forward, I
definitely think Johor Bahru will
benefit significantly from the sky
high prices in Singapore as you
simply get more for your money.
What are the changes that would you like to see in the property sector?Higher capital appreciation for
older condominium units would
be nice. It seems to me that
although the rental return for older
condominiums, such as some of
the ones in Bangsar, can be very
good, these developments enjoy
little capital appreciation.
What are your property related plans for this year?I will most likely buy a
condominium, a place where I
can call my own. My main interest
will be in long term capital
appreciation as I plan to live in the
condominium for several years.
My goal is to find a place where
I can renovate to my personal
style. However, some people
have cautioned me not to
spend too much money on the
renovation as it can be difficult to
recoup my investment.
if you could buy/build your home anywhere in Malaysia, where would you buy/build it and why?Being an Australian, I simply love
the beach. So a nice beach villa in
Langkawi or East Malaysia would
be cool. I would also like to try to
negotiate with my boss to work
from home for one week out of
a whole month, but the truth is, I
do not like my chances at all.
include Nusajaya and Iskandar
Malaysia to the south, as well as
Ipoh to the north.
What are your hopes and wishes as a property buyer/seller or investor? Personally, I would like to see the
introduction of more stringent
laws to protect buyers against
errant developers.
if you could buy/build your home anywhere in Malaysia, where would you buy/build it and why? I would love to have a house on a
beach somewhere. On a serious
note, I wish I could buy a couple
of old link homes in Bangsar and
refurbish them. I will then live in
one and rent out the other.
| 31
erneSt Bernard tOWleManager, agent MarketingWhat is your opinion on the property market outlook for 2013?I think the outlook on the local
property market will range from
challenging to tough. This is mainly
due to the newly introduced
banking regulation to use one’s net
income to calculate how much one
can borrow, thus making the buying
process so much more difficult now.
Here is the feedback that I got
from local property agents: 1) Sales
of secondary market properties
have been much slower in H2
2012. One major factor could be
the huge difference between the
seller’s asking price and the bank’s
valuation price. The other factor is
due to the economic uncertainty.
daniel hOdevelOPer ServiCeS ManagerWhat is your opinion on the property market outlook for 2013?The property market will be
somewhat soft due to the
slowdown of economies such
as China and Singapore. There
are already talks about a local
property glut, especially for office
spaces in some parts of Kuala
Lumpur, and this situation may
spread to other types of
properties as well.
What are the major growth areas or potential hotspots?The major growth areas will
still be around the Klang Valley
Buying a property from the
secondary market means that
your cash commitment is (almost)
immediate whereas buying a
property from the primary market,
when the Developer Interest
Bearing Scheme (DIBS) and
Guaranteed Rental Returns (GRR)
is offered, allows you to differ
your payment until the project is
completed, thus reducing your cash
flow risk at the same time.
Having said that, secondary
market properties priced
below RM650,000 continue to
attract interest among first time
homebuyers.
2) The sale of primary market
properties that comes with
the DIBS (and GRR) scheme
may fare better for the afore-
mentioned reasons.
What are the major growth areas or potential hotspots?I believe the growth areas will be
moving southward towards areas
such as Kajang, Puchong
and Cheras.
What are your hopes and wishes as a property buyer/seller or investor?
As a buyer, I hope to find a
property of my choice within the
price range that I have in mind. As
a seller, I hope to sell at the highest
price possible. As an investor, I
hope to find motivated sellers who
will be time pressed to take my
lowest offer.
What are the important changes that would you like to see in the property sector?As a buyer, I would like it to remain
pretty much the same as last year.
However, there could be pockets of
‘fire sales’ from motivated and over
extended sellers or investors. As
a seller or investor, I hope for the
removal of the regulation to
use net income to determine the
loan amount.
What are your property related plans for this year?I will wait for the right property to
come along and be on the lookout
for fire sales.
if you could buy/build your home anywhere in Malaysia, where would you buy/build it and why?I would love to have a house on
Penang Island as that is part of my
long term retirement plan.
with its major infrastructure and
connectivity. Other potential
hotspots could be Semenyih,
Kajang and Rawang for
properties that are priced
more affordably.
What are your property related plans for next year?This year’s plan will not include
any new purchases. For me, the
focus would be looking for
tenants for my existing property.
if you could buy/build your home anywhere in Malaysia, where would you buy/build it and why?I will build it in Ipoh because I enjoy
the slower pace of life there.
32 |
COVER STORY
BUILDING A NATION
Malaysian Resources Corporation
Bhd’s (MRCB) reach is felt across
the northern, southern, eastern
and central regions of Peninsular
Malaysia. This fully integrated and
multi-disciplined company has had
an impressive track record in major
projects throughout the country.
Guided by well-defined objectives
and strategies in its pursuit
of excellence, the company’s
core businesses revolve around
property; engineering and
construction; infrastructure,
concession and environment; as
well as building services.
MRCB is geared to go beyond the
country’s borders into lucrative
markets, whilst maintaining a
strong commitment towards the
development and progress of
Malaysia as a nation, and help fulfil
the country’s aspiration as a fully
developed nation by 2020.
With a steadfast vision and
resolution to make Kuala Lumpur
one of the foremost cities in
the world with state-of-the-
art infrastructure and facilities,
MRCB is set to establish its mark
on the city with its integrated
development framework
comprising a vibrant business hub,
global accessibility, unparalleled
entertainment and a central
business district living concept,
complete with a green lifestyle.
The conglomerate advocates
the highest level of excellence
in all its projects in an effort to
offer only the topmost quality
to its clients, purchasers and
business partners. Testament to
its commitment towards quality,
excellence and distinction, MRCB
is the proud winner of numerous
industry and international
excellence awards. Some of the
recent awards are:
As a leading property and infrastructure developer in Malaysia, Malaysian Resources Corporation Bhd is playing a crucial role in shaping the future of the Kuala Lumpur landscape.
• BestGreenInitiativeAwards
2012 – Malaysian Resources
Corporation Bhd (Editors
Choice Property Awards)
• BestGreenOffice
Development Awards 2012 –
Platinum Sentral
(Editors Choice Property
Awards)
• BestIntegratedDevelopment
Awards 2012 – Kuala Lumpur
Sentral CBD (Editors Choice
Property Awards)
• PAMGreenExcellenceAward
2012 – Platinum Sentral
(The Edge)
• BrandLaureateAwards2011
(Conglomerate Awards)
• StevieInternationalBusiness
Awards 2011 – Distinguished
Honorary for Best Corporate
Social Responsibility
Programme of the Year in
Asia (sub-continent Australia
and New Zealand) for the
PINTAR programme
21
| 33
BUSINESS
Fuelling the engine of Malaysia’s economic
growth, MRCB’s spectacular Q Sentral
development is a state-of-the-art 45-storey
Grade A office tower. The latter was inspired
by the ancient Chinese concept of ‘Qi’ – the
life force that governs surrounding elements
for success, health and happiness.
Q Sentral is an iconic development set to
revolutionise the Kuala Lumpur skyline with
its contemporary granite, marble and glass
facade complete with a lofty triple volume
structure. It also features architectural feats
with its 4m high ceiling at the Sky Lobby
and a 6-storey high Sky Garden with a
distinctive open air concept that offers
grand and spacious floor areas, alfresco
dining experiences whilst in harmony with
lush flora and fauna.
Amidst the constant hustle and bustle of
business, entertainment and the vibrancy
of life, Q Sentral offers a balanced lifestyle
of work, play and entertainment. With a
magical spread of facilities that include
a lounge, games room and gymnasium
suspended in a ‘glass box’, Q Sentral is a
dream come true for city dwellers.
Realising the hunger for space in Kuala
Lumpur’s prime hotspot of Kuala Lumpur
Sentral (KL Sentral), Q Sentral offers luxurious
office suites and units with layout designs that
promote an open concept without awkward
columns and pillars – providing a conducive
environment for vibrant business activities.
4
Units at Q Sentral measure from 1,366 sq
ft to 3,426 sq ft (low zone strata), 108
sq ft to 1,615 sq ft (high zone strata), and
15,047 sq ft to 34,234 sq ft (high zone).
Q Sentral’s high zone floor plate of 40,000
sq ft is the largest in the country. The
development was constructed to meet the
stringent requirements of the Multimedia
Development Corporation.
The MSC status development breathes
sustainable features that include energy
conserving technology that reduces energy
consumption by 20%, rainwater harvesting
systems, hybrid renewable energy systems
with the utilisation of solar panels and wind
turbines, as well as energy saving light bulbs.
For this commitment to the environment,
Q Sentral has been awarded the Green
Building Index (GBI) certification for
environmentally friendly developments.
With turnstile security access gates, 1,400
parking bays and an intelligent destination
lift system, Q Sentral signals the birth of
Kuala Lumpur’s vision for the future.
3
34 |
COVER STORY
ACCESSIBILITY Located in the heart of Kuala Lumpur’s
vibrant central business district of KL Sentral,
Q Sentral also offers world-class accessibility
through its comprehensive integrated
transportation hub that supports business
activities in the area and its surrounding
districts. The city’s complex network of
transportation converges at KL Sentral
to give Q Sentral a competitive edge as a
preferred development.
Strategically located along the most popular
road networks in Malaysia’s business capital,
Q Sentral stands alongside eight rail systems
that include the KLIA Express, the KLIA
Transit, the PUTRA LRT, the STAR LRT,
the KTM Komuter, KTM Intercity, the KL
Monorail and the upcoming MRT line.
Public transportation such as the RapidKL
town buses, shuttle services, intercity buses,
as well as long distance express buses are
also available at KL Sentral. City taxi services
also support the area, thus making the district
a transportation hub that provides Malaysian
businesses the connectivity they need to stay
competitive in the global markets.
Q Sentral is supported by a vast network
of highways and major roads that connect
to key destinations. These include the New
Pantai Expressway, the Federal Highway, the
Mahameru Highway and a host of other roads
leading in and out of the city.
The development is also a walking distance
to major business centres and attractions
in Kuala Lumpur that include the Central
Market, Dayabumi Complex, Pos Malaysia,
the major shopping district of Little India
and world-class hotels such as Le Meridien
Kuala Lumpur and Hilton Kuala Lumpur.
In addition, Q Sentral is located a stone’s
throw away from other business areas and
popular tourist spots such as Kuala Lumpur
Tower, Petronas Twin Towers, Suria KLCC, Kuala
Lumpur Convention Centre and KLCC Park.
JoINT VENTUrE PArTNErS wITh QUILL Both The Sentral Residences and Q Sentral
are joint partnership developments between
MRCB and the Quill Group of Companies
(Quill). Established in 1987, Quill is one
of the leading vertically integrated multi-
disciplinary property groups in Malaysia
with its own in-house team of architects,
engineers, space planners, builders and
interior designers.
Quill is known for its ‘branded tenant mix’
with major multinationals such as IBM,
HSBC, DHL, BP, BMW, etc, as anchor tenants
in its respective buildings. In 2007, Quill
teamed up with CapitaLand of Singapore to
set up Quill Capita Trust, a main board listed
commercial Real Estate Investment Trust
(REIT). Quill has also diversified its business
operations to encompass luxury automotive,
healthcare and retail mall sectors.
51 Kuala Lumpur Sentral CBD2 Stesen Sentral - Kuala Lumpur3 Q Sentral overlooks the Perdana Lake Gardens4 Q Sentral5 Kuala Lumpur Sentral CBD offers unrivalled
accessibility and connectivity
| 35
ENTErTAINMENTBuilding a city is equivalent to building a
sustainable community and environment
that fuels the vibrancy of life. Realising
that magical combination, MRCB has
responded to the call for a balance between
healthy living, productive work life and true
entertainment.
• NuSentralNu Sentral was created to fulfil the concept
of holistic leisure in the form of a lifestyle
mall. The former offers city dwellers the
opportunity to savour the finer elements in life
whilst keeping up with the pace of city living.
This lifestyle concept mall offers an
integrated leisure hub with megaplex
cinemas, a bowling centre, open air event
and concert arena, and a mesmerising
2-acre sky park – all connected by
pedestrian-friendly walkways that offer a
sense of connectivity and communal living
in a big city environment.
Nu Sentral also takes digital integration to
a whole new level with its enhanced
retail and entertainment experiences,
With accessibility to the latest real-time
information on events, entertainment
options, food and retail offers, Nu Sentral is
indeed the mall of the future.
• SookaSentralThe lifestyle hub of Sooka Sentral, the
FIABCI award winning entertainment and
recreation centre, spans six floors and
70,874 sq ft of sheer lifestyle offerings that
include 38 outlets of recreational activities,
beauty centres, spa, gymnasium, dance
centre, restaurants and cafes.
Sooka Sentral is about playing hard after
a hard day’s work. The simply irresistible
offerings of Sooka Sentral make life an
interesting journey complete with the
trappings of luxury, adventure and challenge
– elements that drive today’s generation.
To complete the picture, Hilton Kuala
Lumpur, Le Meridien Kuala Lumpur,
St Regis Hotel & Residences, Ascott Sentral
and Aloft are world-class hotel chains
set in the midst of KL Sentral that offer
much more than luxury accommodation.
The hotels are home to some of Kuala
Lumpur’s best restaurants, fine dining
outlets, bars and live bands – all within the
vicinity of KL Sentral.
Recognising and understanding the key
elements that form a wholesome lifestyle
in the 21st Century, MRCB has left no stone
unturned to offer the best of Malaysia to
both local and international visitors.
6
6 Nu Sentral lifestyle concept mall7 St Regis Hotel & Residences8 The Sentral Residences9 Platinum Sentral
6
36 |
COVER STORY
facade, the development offers
a myriad of attractive facilities
that include a private lift lobby
for every unit, a putting green
and interactive streams on the
garden deck, as well as twin
saltwater pools and a rooftop
whirlpool. The sense of luxury
is never ending with a Sky Club
on the 55th floor that features
a swimming pool, Lake Garden
terraces and a breath-taking view
of the city.
• SuasanaSentralLoftSuasana Sentral Loft is a
condominium development that
boasts of full-fledged facilities
and conveniences that include
an infinity pool, soothing piped
in music, a Sky Gym and a
mesmerising sight of city life
from a bird’s eye view.
• SuasanaSentralNot to be outdone, Suasana
Sentral is yet another luxury
condominium with extraordinary
living quarters that feature all
corner unit residences. The units
were built to allow a free flow
of natural sunlight, excellent
ventilation and a soothing breeze
– making it an ideal abode for
7
CENTrAL BUSINESS DISTrICT LIVINGMRCB’s Central Business
District (CBD) is a result of
careful planning, meticulous
calculation and a clear vision of
the future. The CBD contains
a mix of businesses, from
medium sized companies to
Fortune 500 multinational
corporations, F&B and retail
outlets, entertainment venues,
hotels, banks, airline companies,
eight major rail systems, green
technology and residential
spaces surrounded by greenery,
a park and attractive facilities –
all of which converge to create
a wholesome lifestyle in the big
city of the future.
The main residential spaces in the
CBD are The Sentral Residences,
Suasana Sentral Loft, Suasana
Sentral, Ascott Sentral and St
Regis Hotel & Residences.
• TheSentralResidencesThe Sentral Residences was
designed with a sophisticated
and extravagant lifestyle in
mind with all the trappings of
luxury, convenience and easy
accessibility. With a majestic
city lovers who seek peace after
a hectic day.
• AscottSentralAscott Sentral is a 157-unit
serviced residences development
that comprises studio, one
bedroom and 2-bedroom
units. With its splendid list of
offerings, the development is
a home-away-from-home for
business travellers and tourists.
The development provides
excellent amenities that include
a swimming pool, a gymnasium,
a spa, convenience stores, as
well as F&B outlets – practically a
one-stop living space.
• StRegisHotel&ResidencesSt Regis Hotel & Residences
features a luxurious hotel and
branded residences within a
single development. Aside from
being Malaysia’s pioneering 6-star
development, St Regis Hotel &
Residences offers discerning
investors and homeowners long
term real estate value in their
search for world-class properties
set in an excellent locality and
surrounded by impeccable services,
exceptional quality and design, as
well as a myriad of amenities.
8
| 37
its development of the new
Kuala Lumpur city. A city filled
with life, goodness and prosperity
– all rolled into a single canvas
known as KL Sentral.
The city’s CBD concept is
an all-rounded concept that
blends business, entertainment
and healthy living to offer a
renewed perspective on city life.
In its commitment to provide
sustainable developments and
improve the quality of human life,
MRCB has gone to great lengths
to paint Malaysia in a wholesome
light, crafting a beautiful mural
that gives the city its character
and distinction as a preferred city
of the future.
LOCATION MAP
QuickPro No: NC2714Project Name: Q SentralAddress: KL Sentral, Kuala LumpurProperty Type: OfficeLand Title: CommercialTenure: FreeholdLand Area: 81,000 sq ftBuild Up: 1,001 – 34,234 sq ftListing Price: From RM1,500,000 - RM49,000,000Expected Date of Completion: 1st Quarter 2015
Developer:Cosy Bonanza Sdn Bhd (790416-M)
Level 20, 1 Sentral, Jalan TraversKuala Lumpur Sentral50470 Kuala Lumpur.Phone: (603) 2786 8080Fax: (603) 2730 2022
IPrOjeCT LIsTINg
9
A GrEEN LIFESTYLE• QSentralDesigned with nature in mind,
Q Sentral is a development
that compliments nature whilst
bringing out the best in modern
living. With a focus on sustainable
living, the development was built
for both the current and future
generations.
Q Sentral is a living testament
to being future ready having
garnered the GBI certification,
recognition by Leadership in
Energy and Environmental
Design, as well as being in
compliance with the Singapore
Building and Construction
Authority standards.
Incorporated with various
sustainable technologies that
include turnstile security,
intelligent destination control
lifts, rainwater harvesting systems
and energy efficiency elements,
Q Sentral is indeed heading
full speed into the future of
Malaysian property development.
• PlatinumSentralIn addition, amongst the buildings
within the CBD, the Platinum
Sentral houses the largest green
wall in Southeast Asia, spanning
an awesome 22,000 sq ft. Many
of the other developments are
also designed to save energy
and other resources, as well as
encouraging the need to recycle
and minimising its inhabitants’
carbon footprint.
From an aesthetic perspective,
the buildings also harmonise with
the local climate, tradition, culture
and the surrounding natural
landscapes. The green buildings
promote harmony and a cheerful
atmosphere to maintain a work life
balance whilst fuelling productivity,
innovation and creativity.
Keeping up with the pace of an
urbanised and futuristic Malaysia,
MRCB has kept the vision of the
government close to heart with
38 |
FEATURED PROPERTY | YOU City @ Cheras
and 3+1 bedrooms tailored for people from
all walks of life looking for a family home or
a private sanctuary for themselves. Retail
outlets start from 890 sq ft, and go up to
1,254 sq ft, offering of business space for
any type of operations.
YOU Residences gives you the best of
services, right from the time you set foot in
it with a high-ceiling grandeur drop-off area
and welcoming lobby. Keeping your mind
at ease, YOU Residences offers a 24-hour
security system comprising the ‘3Cs’, CCTV,
Card Access, and Communication Home
System. The adequacy and competence of
these features ensure your well-being and
safety without intruding into your privacy.
This system also acts as a security feature
for the family.
ConneCting YoU BodY, Mind & SoUl The 8th floor of YOU Residences is the place
that encourages you to connect body, mind
and soul after a hard day at work or study.
1
YOU CitY: Where YOU COme FirstPJD’s exclusive ‘YOU’ living concept in a strategic Cheras location.
CUltUre & ConvenienCe at YoU-r FingertipSYOU City, a 20.6-acre mixed development
project in Batu 9, Cheras, is Kuala Lumpur’s
newest oasis of culture and convenience,
with towering residences reaching for the
skies and retail houses with the best brands
and products. The freehold development
has an expected gross development value
in excess of RM1 billion, and Phase 1 of YOU
City features YOU Residences, a 2.45-acre
residential development project which
makes a perfect bachelor or bachelorette
pad and a new habitat for young couples.
It had received an overwhelming response
at the preview launch with 88% of the units
snapped up within an hour!
Step in to YoU-r CoMFort Zone YOU Residences encompasses 370
residences suites and five retail outlets,
priming itself to be homes of convenience
and privacy all at once. The family suites
range from 1,200 sq ft to 1,453 sq ft, three
| 39
City’s multiple exit and entry
points make driving in and out
of the development a smooth
experience.
a repUtaBle & trUSted developerPJD Regency Sdn Bhd, a
wholly-owned subsidiary of the
PJD Group, one of the leading
developers in the country,
has been in the forefront of
developing quality homes across
the nation. With numerous
awards and certificates awarded
to date, this brilliant track record
is certainly notable. The group
continues to provide a total
property solution to buyers,
investors as well as landowners by
offering a comprehensive project
and property management
services all under one roof.
Watch out soon for Phase 2 -
You Vista and its upcoming
registration. For a better insight,
please log on to www.pjdprop.
com.my/youcity or visit our sales
gallery or call (603) 9076 9198.
1 Overall development
LOCATION MAP IPrOjeCT LIsTINg
QuickPro No: NC2448Project Name: YOU City @ Cheras City: Cheras, Selangor Property Type: Serviced Residence Land Title: Commercial Tenure: Freehold Land Area: 2.45 Acre Build Up: 533 - 2,895 sq ft Expected Date of Completion: August 2015 Developer: PJD Regency Sdn Bhd Lot 3009, 3010 & 3011Jalan Kinabalu, Batu 943200, CherasSelangor Darul Ehsan. Phone: (603) 9076 9198 Fax: (603) 9076 9668 Website: www.pjdprop.com.my
Also called the Recreational
Floor, the presence of an infinity
pool calms you down, as do
the sounds emanating from the
children’s playground. A gazebo
offers a private respite from the
hustle and bustle of city lifestyle.
Working out has never been
better with an elevated Sky
Gym offering an unobstructed
panoramic view of the city. The
the Sky Lounge serves as the
ultimate recreation space to
bring your friends and family
togehter for all kinds of occasions.
Both can be found on the 27th
floor. In addition, a pantry is also
located for food and beverage
convenience. For those who
prefer to be immersed in books,
there is also a quiet reading
corner for you to indulge in.
YoU-r Central aBode in the heart oF CheraSYOU Residences and the rest
of YOU City is centrally located
within the Cheras town centre,
therefore all amenities and
facilities are easily available.
Prefer travelling by public
transport? YOU City gives
you all-round access to all
kinds of public transportation,
including the excitement of news
pertaining to the impending
Taman Suntex MRT Station at the
doorstep of YOU City - the whole
of Klang Valley is reachable
within minutes.
YOU City is perfect for family
living, with its close proximity to
schools such as Sri Cempaka, Sri
Suria and Sri Murni International
School. There are various primary
and secondary schools within
the Cheras town centre, and a
renowned private university is
also housed there. Groceries and
household shopping becomes
a breeze with the variety of
hypermarkets available nearby
(e.g. Leisure Mall).
the BeSt ConneCtivitY For YoU BY a YoU-CentriC developerYOU City gives you easy
accessibility and maximum
connectivity with the web of
highways running around it.
From the NKVE to the NPE,
the Federal Highway, LEKAS,
KESAS, KL-Seremban Highway,
ELITE, LDP, right down to the
Besraya Highway, no place in
Klang Valley is left out of YOU
City’s welcoming embrace. YOU
42 |
FEATURED PROPERTY | A-Suites Serviced Residences
The Allure of The SouTh
A-Suites Serviced Residences poses a
striking ensemble in Johor Bahru’s vibrant
skyline with its modern and sophisticated
facade of glistening glass. A total of 460
tastefully designed residential units await
discerning buyers and investors, complete
with selected home appliances, practical
layout designs and attractive facilities.
Located in the much sought after and
prestigious Austin Perdana - Mt. Austin
locality, the development features three
layout designs, namely, Type A (1+1
bedrooms) measuring 658 sq ft, Type B
(two bedrooms) measuring 906 sq ft,
and Type C (3+1 bedrooms) measuring a
sprawling 1,390 sq ft.
The units are equipped with air-conditioners,
kitchen cabinet, hood and hob, and, for a
limited period, an offer includes wardrobe,
refrigerator, water heater, washing machine
and dryer. The units offer a sense of
spaciousness with the absence of unsightly
columns and awkward corners, making
interior decoration easy and hassle-free.
The facilities at A-Suites Serviced
Residences are equally interesting, featuring
a swimming pool, a gymnasium, a steam
1
Nothing beats living in a picturesque setting dotted with beautiful lakes and lush greenery – the exact description of Mah Sing Group Bhd’s A-Suites
Serviced Residences@Austin Perdana in Johor Bahru.
| 43
room and a rooftop tennis court.
Keeping the needs of the family
in mind, there is also an outdoor
children’s playground and
barbeque area by the pool.
For the convenience of the
residents, there is also a mini-
mart, playroom, games room
and a multipurpose hall, which
doubles as a badminton court
as well. The highlight of the
development is its Butler &
Groomer concierge service and
4-tier security system, offering
homeowners a peace of mind
and a sense of luxury.
A-Suites Serviced Residences
is conveniently located close
to various amenities and
conveniences. There are
ample choices in terms of
supermarkets, convenience
stores, hypermarkets, shopping
complexes, banks and
restaurants. For accessibility,
major highways connecting to
key destinations include Jalan
Tebrau, the North-South Highway
and the Pasir Gudang Highway.
The numerous local and
international schools in the vicinity
make it the perfect place for
growing families and professionals
looking for a convenient yet
peaceful abode. Hospital Sultan
Ismail is approximately 700m
away from the development.
The Austin Golf & Country
Resort and Ponderosa Golf &
Country Club, which is located
just a few minutes’ drive away
from the A-Suites Serviced
Residences, offers a full range
of facilities and is a popular
haunt with the local residents.
The Austin Perdana enclave is a
pleasant and peaceful residential
township located just a few
minutes’ drive from downtown
Johor Bahru and the Malaysia-
Singapore Causeway.
A prestigious development
by the renowned Mah Sing
Group Bhd, units at A-Suites
Serviced Residences are priced
from RM268,800 for Type A;
RM378,000 for Type B; and
RM534,800 for Type C.
The project is scheduled for
completion in early 2015 and
offers discerning buyers an
attractive package deal that is
only available for a limited period.
The package includes a low down
payment, subsidised interest
payment, complimentary legal
fees on SPA, and a 12-month
waiver on maintenance fees. 2
3
1 A-Suites Serviced Residences2 Actual show unit - Pratical layout3 Actual show unit - spacious living and dining area
44 |
FEATURED PROPERTY | A-Suites Serviced Residences
of Malaysia’s leading property
developments in the southern
corridor gateway.
LOCATION MAP
this commercial park is set to
be a success with the business
community in Johor Bahru.
For more information on
A-Suites Serviced Residences
and V Square at Austin Perdana,
visit www.mahsing.com.my or
www.austinsuites.com.my, or
contact (607) 355 4888. Grab
this opportunity to own one
QuickPro No: NC2023 Project Name: A-Suites Serviced ResidenceCity: Taman Austin Perdana, Johor Bahru, Johor Property Type: Serviced Residence Tenure: Freehold Build up: 658 sq ft - 1,390 sq ft Listing Price: From RM268,800 Developer: Mah Sing Properties Sdn Bhd (Johor) (264979) Wisma Mah SingJalan Mutiara Emas Puteh Taman Austin PerdanaJohor Bahru 81100 Johor. Phone: (607) 355 4888 Tel: (607) 355 1112 Website: www.austinsuites.com.my
4 Actual show unit - Spacious master bedroom
4
New SoutherN CommerCial hubIn addition, Mah Sing Group will
soon launch V Square, which
comprises 36 units of 5-storey
corporate office buildings
strategically positioned close to
A-Suites Serviced Residences,
offering a myriad of businesses
such as offices, training centres,
retail, showrooms and galleries,
al-fresco cafes, thematic bistros
and restaurants, as well as other
interesting business outlets.
This signature corporate office
has been thoughtfully designed
to ensure ample space for various
business activities, with wide
frontage of 26ft and built up area
of 8,100 sq ft onwards. Each unit
has its own private elevator and
covered parking facilities for the
convenience of business owners
and customers.
The development is also
equipped with a CCTV
monitoring system and 24-hour
security personnel patrolling
the grounds. With a modern
glass facade, Central Piazza for
events and functions, Central
Garden that boasts of lush green
landscapes and water features,
IPrOjeCT LIsTINg
46 |
FEATURED PROPERTY | Oriental Lily @ Yarra Hills
The FirsT GaTed & Guarded CommuniTy in Cameron hiGhlands
Rolling green hills; naturally cool
air; serene ambience – a true
respite from the hustle and bustle
of the city. There is one place
that possesses these traits and
it is none other than Cameron
Highlands, a destination that
is popular with both local and
foreign tourists.
Apart from treating it merely as
a getaway location, here is an
opportunity to invest in a mixed
commercial and residential
development known as Oriental
Lily at Yarra Hills. Spanning
across 13.7 acres of leasehold
land, Oriental Lily will encompass
25 units of 3-storey shops, 46
units of semi-detached homes
and 10 units of bungalows. The
development is valued at RM38
million for the shops and RM62
million for the homes.
The development is located
at Tringkap, which is also the
second highest point and
third biggest town in Cameron
Highlands. Tringkap is located in
between Kg Raja and Brinchang
(one of the more famous towns
in this hilly and mountainous
area). The road from the north
via Simpang Pulai and Gua
Musang to Brinchang is one of
the busiest roads. It only takes
approximately 50 minutes to get
to Ipoh and 40 minutes to Gua
Musang by road.
Oriental Lily at Yarra Hills is also
easily accessible, with many
nearby shops to cater to one’s
daily needs. The development
is minutes away from several
renowned spots in the area; it is
a 5-minute drive to Equatorial
Hotel, a 10-minute drive to the
famous Brinchang market and
Talas View – Boh tea plantation,
and a 15-minute drive to the
Cameron Highlands Golf Club.
Small-town allure that iS big on natureOriental Lily at Yarra Hills is the
first landed property in Cameron
Highlands that features a gated
and guarded concept. Only 40%
of the 13-acre land will be used
for the development. Hence,
this development will be low in
density to ensure a sustained
serenity within its immediate
environment.
The developer has also taken into
consideration the location and is
keen to maintain the peace of this
town, which rests at an altitude
of 1,590m above sea level, thus
allowing residents and tourists
to enjoy a cool temperature that
ranges from 12¡C to 21¡C.
The built-up of each unit of
the 3-storey commercial lot
measures 20’ x 70’. The former
enjoys an advantageous frontage
that is highly visible as it faces
the main road that leads to
Brinchang.
The 46 units of two and 2 1/2-storey
semi-detached homes are based
on a split-level design to match
the naturally hilly environment.
The design of these homes are
French-inspired and residents
will wake up to a much-coveted
panoramic view.
1
Be it is a commercial shoplot or residential home, Oriental Lily at Yarra Hills offers a unique development at the wildly
popular holiday destination of Cameron Highlands.
| 47
delivered over 1,000 units of
mixed development in and
around Ipoh, Perak, including
projects in Taman Sri Desa,
Tawas Gemilang, Pulai Sentosa
and Desa Rishah Permai.
The projects that are in the group’s
pipeline include the following:
•Mixeddevelopment(37units
of single-storey terrace homes
and 22 units of shop offices) at
Chemore Ria, Perak
•GardenResidenceatCameron
Highlands (26 units of semi-
detached homes and 58 units
of terrace homes)
• 155unitsofShangrilaCountry
Home Bungalows in Gopeng
There are three designs to choose
from and the standard lot size
is 35’ x 80’, with a built-up that
ranges between 2,400 sq ft and
3,000 sq ft. These homes are
priced between RM1,088,000
and RM1,673,050 (RM411 per sq ft
to RM500 per sq ft) and will be
launched in March 2013, while the
expected completion date will be
approximately 24 months from
the launch date.
There will be a free 24-month
security service fee and free
S&P legal fees for the first 10
units of semi-detached homes
purchased. The maintenance fee
for each semi-detached home
21 Oriental Lily @ Yarra Hills - Semi detached homes
2 Oriental Lily @ Yarra Hills - 3-storey shoplots
LOCATION MAP
QuickPro No: NC2741 Project Name: Oriental Lily @ Yarra HillsCity: Tringkap, Cameron Highlands, Pahang Property Type: Semi-detached House Land Title: Residential Tenure: Leasehold Land Area: 260 Acres Listing Price: From RM1,088,000 - RM1,673,050 Expected Date of Completion: February 2016 Developer: Langit Saujana Sdn Bhd (714248-K) 2-A, Persiaran Tembok 9 Taman Sri Desa, Ipoh 30010 Perak. Phone: (605) 546 5333 Fax: (605) 545 9618Website: www.langitsaujana.com.my
GPS No: N4.3028.07122.E101. 2534.76738
IPrOjeCT LIsTINg
will be fixed at RM200 per month
and Bumiputera buyers will be
entitled to a 5% discount. Those
who prefer greater privacy can
opt for one of the 10 vacant
bungalow lots.
For more information on this
development, contact (605) 546
5333, (605) 498 1533 or (6012)
588 7345.
about the DeveloperLangit Saujana Sdn Bhd is a
property development company
that was incorporated in 2005,
and is a subsidiary of the SPPJ
group of companies. To date,
the SPPJ Group has built and
48 |
SPECIAL FOCUS | Upcoming Developments in 2013
Upcoming Developments in 2013
The year 2012 has come and
gone in the blink of an eye,
and with it the announcement
of numerous key projects
and schemes that have kept
the Malaysian property scene
exciting for the past 12 months.
That is not to say that 2013 will
be any less interesting; aside
from the numerous properties
slated to be launched or
completed within the given
year, there are many other
developments scheduled to be
revealed in the near future that
will interest buyers, developers
and investors alike.
This is particularly true for some
of the country’s hottest real
estate markets such as Penang
and Johor. Several noteworthy
developments and infrastructure
projects have been planned for
2013, and even the property
market in East Malaysia is slowly
but surely growing.
Incidentally, the wealth of those
from East Malaysia has been
growing at a much faster pace
compared to its property market
thanks to palm oil, timber, as well
as oil and gas. Chan Wing Kwong,
executive director of Bolton Bhd,
noted that as property investment
is seen as a good hedge against
inflation, this (combined with
the current lack of choice in East
Malaysian properties) has led to
these investors turning their gaze
While 2012 brought with it a great number of exciting projects, the year 2013 will not be outdone and promises to deliver its share of interesting developments. - by Ong Xin Ying
towards projects in Peninsular
Malaysia.
A New PhAse of The ATmosPhereLocated in Seri Kembangan,
Selangor, this project by
Tempo Properties Sdn Bhd
has established itself as a
standard among commercial
developments thanks to the
unique hybrid ‘shopping mall’
design applied to its commercial
centre. Sprawled over 20.1 acres,
the centre is the second phase of
The Atmosphere, which aims to
be a central hub that integrates
retail, leisure and office elements.
The commercial centre was
first launched in 2009 and has
1
| 49
a gross development value of
RM370 million. The final stage
of the launch, called phase 2E
or Lava, consists of 54 retail and
office units and has an expected
completion date of end 2013.
The project has the distinction
of being South Klang Valley’s
first commercial development to
earn a Green Mark certification
from the Singapore Building and
Construction Authority.
AffordAble housiNgOne of Malaysia’s leading
property developers, MK Land
Holdings Bhd is committed
to helping the country’s low-
income earners own their own
homes by continuing to build
affordable homes. According to
its Chairman Tan Sri Mustapha
Kamal Abu Bakar, the company
is targeting Cyberjaya, an area
where many other developers
aim to build high-end residential
units, as the site for their
affordable housing development.
He said, “MK Land’s plan to
continue building affordable
homes is in line with the
government’s intention to
help the people own houses,
particularly in the Klang Valley,
through the 1Malaysia People’s
Housing Scheme (PR1MA).”
Tan Sri Mustapha went on to
add that the company was also
set to share its experiences
on affordable housing and
cooperate with the government
to undertake housing schemes
that would be beneficial to
Malaysian citizens.
KlANg’s Third bridgeTraffic jams in Klang may soon
be a thing of the past thanks to
the planned construction of a
third bridge that would help ease
the congestion. According to
Selangor Menteri Besar Tan Sri
Abdul Khalid Ibrahim, the Public
Works Department and the Klang
Municipal Council have already
been directed by the state
government to make the relevant
preparations such as calling for
the project tender.
The bridge will have a length
of 2km and be built across the
Sungai Penang and Klang Straits,
where it will help divert traffic
going into Klang from Kuala
Langat and Port Klang. Tan Sri
Abdul Khalid added that the
state government had proposed
to utilise RM300 million for the
project, which is expected to be
completed within two years. “If
the tender could be awarded by
February, the project could start
after two months,” he stated in a
media report.
melAKA TrAmAn area that is also set to
experience a significant decrease
in traffic congestion is one of
Malaysia’s most historic states.
The Melaka Tram project
is an undertaking by Mrails
International Sdn Bhd and Chief
32
50 |
SPECIAL FOCUS | Upcoming Developments in 2013
and is under a public-private
partnership between both
countries. The project is expected
to cost between RM20 billion
and RM25 billion, and studies
are being conducted on the
possibility of linking it to Laos,
Thailand, Vietnam as well as
several cities in China.
A study on the project’s
feasibility by the Land Public
Transport Commission is
expected to be completed soon
and, should it be found viable,
pre-qualification bids will be
called for by mid-2013.
The 200km Gemas-Johor Bahru
segment of the project is part of
the EDTP that is currently being
constructed and represents the
last stretch of the rail system.
Several of Malaysia’s prominent
developers such as Gamuda
Bhd have expressed interest in
bidding for the project. Upon
completion, it will run the length
of Peninsular Malaysia, with the
two end points being Padang
Besar in the north and Johor
Bahru in the south.
mbsb seTs eyes oN sArAwAKMalaysia Building Society Bhd
(MBSB) has targeted several
Minister Incorporated (CMI). The
project costs RM272 million and
is scheduled to begin in February
next year, with operations due to
begin roughly one year later.
The tram will operate on liquefied
natural gas. With a given speed
of 40kph, the tram is designed
to transport a total of 120
passengers at any one time.
Its starting depot is located
next to the Ayer Keroh toll
plaza and goes all the way to
Melaka’s heritage zone, bringing
the total distance travelled to
approximately 40km. The tram’s
route will also cover 11 of the
state’s major tourist spots such
as the Botanical Gardens and
Melaka Zoo.
New yeAr, New rAilsThe first quarter of 2013 will
see the government coming
to a decision on whether to
implement the high-speed bullet
train and the Gemas-Johor
Bahru electrified double tracking
projects (EDTP), which have an
estimated combined value of
RM35 billion.
The high-speed rail line under
consideration will connect
Kuala Lumpur to Singapore
major property developments in
Sarawak as part of its business
expansion plans for 2013, one of
which is the Universiti Teknologi
Mara (UiTM) Sarawak’s new
campus. The company already
has five sales and services
centres in the state, and is
confident that it has the expertise
and experience necessary to
provide property financing
services for large scale property
endeavours.
In particular, UiTM Sarawak’s
new campus will occupy
404ha of Kota Samarahan, and
this welcome addition to the
existing facility will provide
accommodation for another
4,000 of the university’s
students. It will complement the
permanent campus housed in
Mukah, which is scheduled to
be completed in October 2015
and will accommodate a total of
2,000 students.
Datuk Ahmad Zaini Othman,
MBSB’s president and chief
executive officer, said, “The
high level of confidence
and trust placed on us by
depositors, especially in
Sarawak, certainly bodes well
for the company’s expansion
plans.” He expressed his strong
belief that Sarawak held great
business potential for the
company, which opened its first
Sarawak branch in the capital
city of Kuching 13 years ago.
4
1 The Atmosphere in Seri Kembangan2 The Melaka Tram will pass
popular tourist spots such as the Christ Church
3 The third Klang bridge will ease traffic congestion into Klang town
4 A design on the proposed railway projects will be made in early 2013
52 |
SPECIAL FOCUS | Upcoming Developments in Penang
Penang’s enchanting ProPerties
Penang has always been a
hotspot, particularly in terms
of its property market, and this
trend is showing no signs of
changing if the numerous 2013
forecasts are any indication.
This is largely due to its
stable government, as well as
comprehensive transportation
and communications systems,
two key elements in encouraging
rapid development and strong
economic growth that make it a
prime destination for businesses.
The state also benefits from
being able to boast a level of
natural beauty, ranging from lush
greenery to beautiful beaches,
which few other places can
compete with. This breath-taking
scenery makes for a wonderful
backdrop for the quintessential
dream home, which is further
accentuated by Penang’s rich
historical background and culture.
Here are some of the developments
that are bound to excite Penang’s
With numerous projects set to take off or be completed in Penang this year, the Pearl of the Orient’s real estate market
has much to look forward to.By Ong Xin Ying
property buyers and investors
alike all year long for 2013.
Malaysian ResouRces coRpoRation Bhd (MRcB)• BatuFerringhiResidencesSet to occupy approximately
3.34 acres of Batu Ferringhi,
Malaysian Resources Corporation
Bhd’s (MRCB) Batu Ferringhi
Residences will offer its future
tenants a life of luxury and
unmatched pleasures. Nestled
on the fringe of one of Penang’s
most famous beach areas,
residents will be treated to
an uninterrupted view of the
Andaman Sea, as well as easy
access to nearby restaurants and
tourist attractions.
With a planned total built
up area of 417,403 sq ft
comprising 17 boutique villas
and 48 condominium units, the
development aims to seamlessly
merge itself with the local
landscape and waterfront in its
bid to stay true to its location’s
identity. Being a MRCB project,
the development will incorporate
an environmentally sustainable
integrated design, reflecting
the developer’s commitment to
creating green buildings.
• PenangSentralAnother attractive offering by
MRCB, this integrated mixed
commercial development worth
an estimated RM3 billion is set
to finally take off in 2013 after a
4-year delay. Stretched across
9.6ha of Butterworth, the project
1
| 53
will feature a transport terminal
that caters to buses, ferries, taxis,
trains and the projected monorail
station.
Similar to the company’s pride
and joy that is Kuala Lumpur
Sentral in Brickfields, the
terminal will be integrated and
surrounded by the project’s
residential, commercial and
retail components. Since the
development was first proposed,
more green elements have been
added to the original plan in line
with the growing demand for
energy efficient buildings from
international and local buyers.
ueM GRoup• PenangSecondBridgeThis massive infrastructure
project is undoubtedly a
major addition to Penang’s
transportation connectivity.
It measures a total of 24km
and connects Batu Kawan on
mainland Seberang Prai to Batu
Maung on the island. The bridge
is a joint project between UEM
Group Malaysia’s subsidiary UEM
Builders Sdn Bhd and China
Harbour Engineering Company,
a subsidiary of the China
Construction & Communications
Group.
First proposed in the Ninth
Malaysia Plan, delays caused
construction work to only begin
in late November 2008. While the
official completion date is slated
to be September 2013, a report
in October 2012 stated that the
project was ahead of schedule
by approximately two months.
Once completed, the bridge is
expected to significantly reduce
congestion on the first bridge.
s p setia Bhd• SetiaSky8@SetiaPearlIslandHaving established itself as
one of Penang’s preferred
developments, Setia Pearl Island
by developer S P Setia Bhd will
gain a new level of grandeur with
the addition of the company’s
upcoming condominium project
Setia Sky 8. Occupying the
land where Setia Pearl Island’s
former clubhouse was located,
residents will be able to enjoy
a wonderful view of their
surroundings without any worries
of it being obstructed by future
developments.
Setia Sky 8 comprises 534
freehold units spread across
three condominium blocks, with
unit sizes ranging from 1,100
sq ft to 2,000 sq ft. Aside from
sharing in Setia Pearl Island’s
existing benefits that include
ease of accessibility and a host
of amenities, the project will also
come equipped with a selection
of facilities that will make it a
most desirable place to live.
• TheBreeze@SetiaPearlIslandYet another anticipated addition
to S P Setia’s Setia Pearl Island
development is The Breeze. The
development, measuring 7.6ha,
is the last piece of undeveloped
land at Setia Pearl Island.
Bearing an estimated
development value of RM350
million, it will integrate both
low- and high-rise housing units.
The development comprises
450 units bearing a price tag of
RM500,000 and above, and has a
projected launch date sometime
in the third quarter of 2013.
• SetiaEcoForestA mixed development project
worth around RM1.1 billion, this S P
Setia creation in Tanjung Bungah
will, without a doubt, be a hot
topic in the northeast district of
Penang Island. A development of
the high-end variety, it will consist
of a mix of landed properties and
luxury condominiums.
All in all, Setia Eco Forest has a
total of 1,000 units up for grabs
with prices ranging from RM600
per sq ft to RM700 per sq ft with
the selling price amounting to
RM700,000 and above. True to
its name, the project will embody
a green concept similar to the
company’s existing development
Setia Green, which carries a
distinctive eco-living theme.
Additionally, S P Setia will build
a connecting road linking the
project’s north area and Jalan
Chan Siew Teong.
2
54 |
SPECIAL FOCUS | Upcoming Developments in Penang
which creates a 4-storey high waterfall
that serves as the entrance statement to
the project. The Peak is expected to be
launched early 2013.
sunway Bhd• SunwayCassia(Phase2)This offering by Sunway Bhd promises
prospective residents their very own tropical
haven, and it is not an empty one. The
project’s location in Batu Maung gives it an
environment rich with lush greenery that is
highlighted by the six thematic gardens and
parks within the development.
All units in Phase 2 are 3-storey terrace
houses that feature wide window openings
for airy ventilation and are divided into two
types. There are 43 units of Adenia, which
have a gross floor area of 3,028 sq ft, and
16 units of Boronia, which have a gross floor
area of 3,341 sq ft. The development enjoys
the added bonus of being a short distance
away from the soon to be completed
Penang Second Bridge.
• TheQbeesAnother project by S P Setia scheduled
to be launched in 2013 is The Qbees, a
luxury condominium project taking up
residence in the established township of
Teluk Kumbar. Sprawled across 1.2ha of
prime land, the development will consist of
98 freehold condominium units with built-
up areas ranging from 1,000 sq ft to 14,00
sq ft. Bearing an indicative price tag of
RM500 per sq ft with the final price ranging
approximately RM500,000 to RM700,000,
the project is expected to be launched in
the second half of this year.
• ThePeakAlso taking advantage of its strategic
location within a noteworthy township
is S P Setia’s The Peak in Sungai Nibong.
Comprising 341 condominium units spread
across two blocks, the project is unique as
it has a facade that varies from floor to floor
and unit to unit, thus creating an illusion of
randomness in regards to its appearance.
Another defining feature of the
development is its tension swimming pool,
3
| 55
• SunwayWellesley(Phase2)Launched in August 2012, the first phase
of Sunway Wellesley in Bukit Mertajam is a
collection of 31 units of 3-storey shop offices
featuring modern contemporary spaces and
a striking facade that is an attractive boon
to businesses.
Phase 2 of this impressive development
will be a mix of upmarket residential and
commercial properties, and is expected to
be unveiled to the public in the first quarter
of 2013.
Mah sinG GRoup• SouthbayCityThe commercial component of Mah Sing
Group’s Southbay integrated township, this
project is sprawled over a 34.5-acre site in
Batu Maung. It is modelled after noteworthy
seaside properties across the world such as
the Darling Harbour in Sydney and Canary
Wharf in London.
The freehold mixed development contains
restaurants, residential suites, a retail mall,
two blocks of hotels and other commercial
and recreational attractions. It has an
estimated completion date in early 2013
and, when combined with the rest of the
Southbay project, will have a total GDV of
RM1.35 million.
ideal pRopeRty sdn Bhd• ImperialTwoScheduled to be launched in the second
quarter of 2013, the second phase of the
Imperial One project by Ideal Property
Sdn Bhd will comprise properties bearing
expected price tags ranging from
RM400,000 to RM550,000. It is expected to
be located close to its sister project, which is
a 768-unit condominium development built
on a 9.1-acre site in Sungai Ara.
• IdealVisionParkEarly 2013 is the planned launch date for the
first phase of Ideal Property’s Ideal Vision
Park development. A RM1.5 billion mixed
development scheme, it will comprise a total
of 1,945 units of commercial and residential
properties, as well as 550,000 sq ft of
available commercial space.
Worth a grand total of RM300 million, the
development’s high-rise residential and
commercial units will each cost between
RM400,000 and RM600,000. Four more
phases of the project have been planned,
which will be launched in stages in 2014 and
2015.
iJM land Bhd• PenangWaterfrontConventionCentreThe second half of 2013 will see work begin
on the Penang Waterfront Convention
Centre (PWCC), Penang’s own alternative to
the existing renowned convention centres in
Southeast Asia. The project is a joint effort
between local developer IJM Land Bhd and
Singaporean company Suntec International
and is worth approximately RM5 billion.
The commercial precinct will occupy 102
acres of land next to the Penang Bridge and
will be developed in stages across seven
to eight years. Aside from the convention
centre itself, the development will also
comprise a shopping centre, four hotels and
an international business district.
1 Setia Sky 8@Setia Pearl Island2 Penang Second Bridge3 Sunway Wellesley4 The Atmosphere (Lava)
4
56 |
SPECIAL FOCUS | Upcoming Developments in Johor
bursting with property developments
Besides Penang, if there was
one state that has been making
headlines in Malaysia in 2012 as
far as property development
news is concerned, it would
be Johor. Unlike the northern
state, which has been attracting
interest from various property
developers in the country, Johor
has had to be content with being
‘just another state in Malaysia’ for
a long time.
That status is now changing
for Johor with its crown jewel,
namely, Iskandar Malaysia.
Intense marketing effort from
the Johor state government
for investments has been made
with strong support from the
federal government. As a result,
investors from around the
world have been flocking to the
southern economic corridor.
Three times the size of
Singapore, Iskandar Malaysia
has attracted over RM105
billion worth of investments,
and boasts additional headline-
Johor, especially Iskandar Malaysia, has been making many headlines last year, and all for a very good reason: the rise of its property sector. How will the state fare this year? Let us look at some of the recent announcements that are paving
the way towards making Johor the richest state in Malaysia.By Rakesh Kumar
making names such as Legoland
Malaysia, Marlborough College,
Pinewood Studios and various
hospitals and universities.
What is next for Johor? For one,
it is poised to become Malaysia’s
richest state in 2025, according
to Nazri Khan, Affin Investment
Bank’s vice-president and retail
research head, who noted that
the prediction is achievable as
Iskandar Malaysia has already
attracted 25% of the RM383 billion
total investment targets for 2025.
1
| 57
What does this mean for the
property situation in Johor?
For one, this means fantastic
opportunities for property
developers who are not shy to
enter the southern state, which is
known for its oil palm plantations
and pineapple farms. Let us
examine some of the official
announcements by property
developers on upcoming
developments that are taking
place this year in Johor.
PR1MANo property development article
would be complete without the
government’s Perumahan Rakyat
1Malaysia (PR1MA) initiative. At
the end of last year, the scheme
announced its intent to build
8,000 houses in Johor over the
next three years. According to
media reports, PR1MA CEO Datuk
Mutalib Alias has stated that the
projects would be launched this
year and completed by 2016.
These houses will be built in
Larkin, Kulaijaya, Pasir Gudang,
Plentong and Nusajaya, among
others. The land in these areas
belong to the federal and state
governments, as well as private
developers. Datuk Mutalib also
pointed out that, according to
the survey PR1MA conducted,
the target group for the homes,
namely, the younger generation,
preferred living in high-rise
buildings.
UEM LAND HOLDINGS BHDUEM Land Holdings Bhd’s
subsidiary, UEM Land Bhd
(UEM Land), recently signed a
joint-venture agreement with
Ascendas Land International Pte
Ltd to develop an integrated eco-
friendly tech park in Nusajaya
(one of the five flagship zones
in Iskandar Malaysia). Ascendas
Land International and UEM Land
will hold a 60% and 40% stake in
the joint-venture respectively.
The integrated tech park, with
a projected investment value of
RM3.7 billion, will be located at
Gerbang Nusajaya, an integrated
mixed commercial development
located a short distance away
from the Malaysia-Singapore
Second Link checkpoint.
The company also signed
a joint-venture agreement
with Singapore’s FASTrack
Autosports Pte Ltd to develop
Motorsports City in Gerbang
Nusajaya, which is accessible by a
comprehensive network of main
roads and highways to airports
and seaports.
The 70:30 joint-venture between
FASTrack Autosports and UEM
Land, valued at over RM3.5
billion, will see both parties
establishing the Motorsports
City masterplan, as well as the
development and marketing
strategies of the project.
58 |
SPECIAL FOCUS | Upcoming Developments in Johor
S P SEtIA BHDRight after announcing its
record-breaking sales of RM4.23
billion for its financial year which
ended on 31 October 2012, S P
Setia Bhd stated that it is setting
an ambitious target of RM5.5
billion in total sales for 2013. Out
of that figure, about RM3.5 billion
will come from Malaysia, with
the remainder from its overseas
market, namely, the United
Kingdom and Australia. The
contributing Malaysian projects
will be those in Johor Bahru,
as well as KL Eco City and
Setia Alam.
HUA YANG BHDAlthough the company did not
mention any specific areas, Hua
Yang Bhd has announced its
intention to double property
launches in 2013 in Johor. It
recently closed its financial
year with a group revenue of
Interestingly, in a brochure
promoting Gerbang Nusajaya,
UEM Land highlighted that the
town will be linked to Singapore
by a MRT line, thus creating a
‘seamless integration’. However,
the Singapore’s transport
ministry responded by stating
that they were not aware of any
plans to do so.
CENtRAL MALAYSIAN PROPERtIES SDN BHDCentral Malaysian Properties
Sdn Bhd (CMP) last year
announced that work on the
Lido Boulevard project in Johor,
worth over RM4 billion, has
started with Lido Residences
being the first component to
be launched. CMP noted that
mitigation works at the project
site started back in July 2012,
and it is planning to launch Lido
Residences this year.
The development comprises
eight blocks of 18- to 26-storey
condominiums with 908 fully
furnished units, ranging from
2,459 sq ft to 9,089 sq ft. The
units are priced over RM2
million each, or around RM1,300
per sq ft.
Overlooking the Straits of
Johor, the 50ha Lido Boulevard
is an integrated residential
and commercial development
that spans 2.4km along the
Tebrau Straits coastal line.
The project is also located
within Iskandar Malaysia and
nearby Johor Bahru’s Central
Business District; the Customs,
Immigration & Quarantine (CIQ)
complex; Johor Bahru’s railway
station and the Johor Bahru-
Singapore Causeway.
Lido Boulevard is also known
as one of the biggest privately
financed initiatives in Iskandar
Malaysia. The project is a joint-
venture between CMP and the
Johor state government, the
landowner.
RM306.41 million – 62% higher
than the preceding year’s
RM188.86 million, and pointed out
that it will continue with its goal
of developing affordable and
quality homes, and maintain its
focus on the Klang Valley, Perak,
and, of course, Johor.
WCt BHDTowards the end of last year,
WCT Acres Sdn Bhd, a unit of
WCT Bhd, had entered into a 99-
year lease purchase agreement
with Medini Land Sdn Bhd, a
subsidiary of Iskandar Investment
Bhd (IIB), for an 18.12-acre land
for RM99.47 million.
The land, situated in Medini North
in Johor, another flagship zone
of Iskandar Malaysia, will be used
for a proposed mixed commercial
development with an estimated
gross development value (GDV)
of approximately RM1.5 billion.
1
2
3
| 59
Work on the land would
commence after the completion
of the deal, which is expected
to be in another six to 12
months. The development,
which comprises offices,
retail spaces and apartments,
will be carried out over the next
five years.
MAH SING GROUP BHDMah Sing Group Bhd too has
interest in Medini. The company
has entered into a lease purchase
agreement with IIB for a piece
of land worth RM74.7 million
in Medini measuring 8.2 acres,
where it plans to develop a mixed
development project worth RM1.1
billion by this year.
The development, known as The
Meridin@Medini, will feature the
Meridin Exchange corporate
towers, the Meridin Suites
residences, the Meridin Walk
lifestyle retail mall and Meridin
Linx SoVo units (small office
versatile offices).
CRESCENDO CORP BHDCrescendo Corp Bhd is currently
set to launch its Bandar
Cemerlang township, a 1,390-acre
development in Johor which has
a GDV of RM3 billion. The first
phase will consist of medium cost
houses in the township. The latter
is strategically located near Ulu
Tiram and can be accessed via the
Johor Baru-Kota Tinggi highway.
SUNWAY GROUP BHDSunway Group Bhd announced
last year that it had acquired
two parcels of freehold land
for RM412.7 million in Iskandar
Malaysia totalling 311.6ha through
a joint-venture company. The
latter, Iskandar Asset Sdn Bhd,
a unit of IIB, will develop the
site into a mixed integrated
development area with a potential
GDV of RM12 billion.
AxIS-REIt MANAGERS BHDAlthough not a property developer,
Axis-REIT Managers Bhd (a real
estate investment trust company)
recently announced its plan to
acquire about RM350 million worth
of properties this year, which
include industrial properties in
Iskandar Malaysia.
Its chief executive officer Datuk
George Stewart LaBrooy was
quoted as saying that with
properties in Nusajaya being
much more affordable than those
in Singapore, many international
enterprises would be interested to
have their operations based in Johor.
COUNtRY GARDEN (HOLDINGS) LtDSaving the best for last, arguably one
of the biggest news last year involved
China’s biggest property developer,
Country Garden (Holdings) Ltd,
which inked an agreement to buy
22ha of land at Danga Bay for RM900
million from Iskandar Waterfront
Holdings Sdn Bhd.
A media report stated that Country
Garden plans to develop 11ha of
the site into an integrated property
project with a GDV of RM18
billion. The project will include the
construction of a luxury clubhouse,
commercial tower, shopping mall,
high-end condominiums and
serviced apartments.
With all this projects in place,
Johor may indeed be on its way
towards becoming the richest state
in the country.
1 Johor is poised to be the richest state in 2025
2 The Senai International Airport is bringing investors from around the world to Johor
3 CMP’s Lido Boulevard is located near the CIQ Complex
4 Mah Sing Group’s The Meridin@Medini is worth RM1.1 billion
4
60 |
INTERIOR DESIGN | contemporary meets colonial
1
| 61
Located in Bukit Jelutong, Shah Alam, this
semi-detached Greenhill show unit has a
built-up space of 3,300 sq ft and boasts a
decor and motifs that capture and provide
a refreshingly modern twist to the spirit of
colonial bungalows and safari adventures.
This is largely attributed to its contemporary
concept, influenced by colonial elements,
which was the creation of interior designers
Calvin, Clement and Johnny from Allegro
Design. As a result, the unit has a distinct
masculine theme that is particularly
expressed in its guest bedroom.
contemporary meets colonial
2
A stunning show unit in Bukit Jelutong offers a modern take on the classic style of a colonial home.
62 |
INTERIOR DESIGN | contemporary meets colonial
Boasting a total of 5+1 bedrooms and five
bathrooms, the show unit’s most striking
features are its floor-to-ceiling, white
louvred window and the door panelling used
in the living room and master bedroom.
Furnished with a 4-poster bed and a side
table made of mirrors, the master bedroom
has an adjoining nursery decorated with a
pink-and-white colour scheme and a wing
chair with purple brocade upholstery that
is both practical and serves as the room’s
decorative highlight.
On the other hand, the guest bedroom has
a predominantly brown-and-black colour
palette that is supplemented by the rich
textural surfaces created by the room’s
patchwork rug, curtains and ceiling motif.
It is decorated with wall coverings in bold
prints and a vibrant zebra pattern that
adorns the wall behind the bed, which
has an alcove next to it that functions as
a display shelving unit containing several
whimsical African figurines that are
illuminated by well-placed backlighting.
The mood for all of the show unit’s rooms is
created through the use of lighting carefully
selected from Light Focus and Black Apple.
Chandeliers, pendant lamps and recessed
lights are strategically located in each
room, from the living room to every single
bedroom, to achieve the right ambience.
Considered the heart of every home, the
kitchen is no less impressive. The island
counter in the centre will be the first thing
that grabs the attention of anyone who
walks into the kitchen. Overlaid with a
black marble top with white streaks and an
exotic hardwood veneer, the counter’s bold
dramatic design is further emphasised by
the modern lighting fixture that resembles a
suspended sculpture hanging above it.
The old-fashioned white porcelain
containers complement the kitchen’s white
cabinets, which were custom-made in order
to accommodate the numerous modern
stainless steel appliances that are the staple
3
4
5
| 63
of every kitchen. Feeding these appliances
is a hassle-free endeavour thanks to the
built-in Schneider Switches power outlet
system, which blends in well with the unit’s
modern interior.
Additionally, the show unit’s bathrooms
are fitted with quality sanitary ware from
Johnson Suisse and American Standard
that gives it an air of affordable luxury, and
the latest Nippon paint products are put to
maximum use, providing a wall texture that
brings a welcome level of freshness.
That is not to say that such a modern,
elegant and comfortable interior can only be
complemented with immensely expensive
furnishings. The show unit wonderfully
demonstrates this fact with a choice
selection of accessories and furniture from
SSF, which seamlessly match both the
Goucera tiled flooring used in the dining and
living rooms as well as the timber laminate
flooring found in the bedrooms.
1 Front view of the show unit2 The master bedroom features a
4-poster bed3 The nursery features a pink-and-white
colour palette4 The guest bedroom’s vibrant zebra
pattern is simply eye-catching5 The use of pendant lamps and
recessed lighting helps create the right ambience in the dining room
6 A black marble top becomes the focus of the kitchen
7&8 The living room features a beautiful chandelier and Goucera tiled flooring
6
7
8
64 |
CONTRIBUTOR | joey yap
Another year beckons as we bid farewell to the Water Dragon of 2012and prepare to welcome the Water Snake in 2013.
Your AnimAl Sign in the WAter SnAke YeAr
| 65
2
Snake1917, 1929, 1941, 1953, 1965, 1977, 1989, 2001, 2013
Monkey1920, 1932, 1944, 1956, 1968, 1980, 1992, 2004
Goat1919, 1931, 1943, 1955, 1967, 1979, 1991, 2003
Horse1918, 1930, 1942, 1954, 1966, 1978, 1990, 2002
The year 2013 is the year of the Water Snake. A brand new forecast has been revealed for each of the 12 animal signs in Chinese astrology, so let us take a look at how each sign would fare in the coming new year.
Consider spending a substantial amount of money
in the early part of the year as a counteractive
move to lessen any possible loss of wealth later in
the year. Make sure that you spend on something
worthwhile. Patience and tolerance is the key to
helping you face challenges at work.
On the love front, single Snakes should keep their
eyes open for ‘The One’. Stay on safer ground, literally,
for 2013 is going to be a particularly risky year for you.
Avoid extreme and dangerous activities as you need
to deter from exacerbating negative energies.
People and interpersonal relationships are the key
to your wealth and career this year. Take note
of conflicts that arise and find ways to create an
environment that will encourage teamwork.
You will also be able to rise above financial
turbulence with helpful people giving you the
guidance you need to gain back what you
have lost. 2013 is a fairly good year as far as your
health is concerned. Things could possibly take a
turn, however, if you neglect to take care of your
wellbeing.
Your career will go on cruise control this year,
which is a good thing as you will have no excuses
about having any distraction, thus allowing you to
focus on achieving your desired results. Keep at it
and the rewards will come. Stick to conservative
investments if you plan to grow your wealth.
Avoid schemes that sound too good to be true. As
there are several negative stars looming around
you, health complications are likely to be on the
plate. As such, try to instil a positive change in
your lifestyle.
Time to get busy and your hands dirty, especially
if you want to give your career a boost. Obstacles
are ahead, but how you handle it makes a
difference. Rewards will only go to those who
make the effort.
On money matters, keep to your budget and
control your spending impulses with better
financial management. As you are likely to be
hit by a plague of germs and other infectious
diseases, keep your hands clean and dry all the
time, especially when you are out in public places.
66 |
CONTRIBUTOR | joey yap
Rooster1921, 1933, 1945, 1957, 1969, 1981, 1993, 2005
Dog1922, 1934, 1946, 1958, 1970, 1982, 1994, 2006
Pig1923, 1935, 1947, 1959, 1971, 1983, 1995, 2007
This is definitely the year for Roosters to seize the
day in the name of love. Singles should show more
effort to win the heart of the one they fancy, while
attached Roosters can decide whether it is time to
put a ring on it. Your wealth and career front looks
unstable, but a helping hand could do wonders to
improve your situation.
Although a series of sickness and misfortune could
be foreseen at this point, they are not entirely
major ones – thanks to the buffering from a helpful
auspicious star. However, it is advisable for you to
at least keep a steady eye on the potential brewing
problem of the stomach and waist.
It is a great year to find love and be in love!
However, married Dogs will need more patience
and tolerance to deal with their differences.
Conflicts may arise at the workplace, so do not
lose your cool and keep a low profile to get the
job done. Money-wise, resist the impulse to spend
unnecessarily.
There are possibilities for bodily harm, mishaps or
accidents to occur, but do not give the negative star
a chance to strike as you can stay on the safe side by
avoiding any aggressive or dangerous activities.
Stay in control of your finances. Curb reckless
spending and learn to manage your money well
to minimise potential losses. Office gossips
may be rampant – just do your best not to get
involved at all.
Maintain a positive mindset and focus on
cultivating your skills and knowledge instead.
Safety and a positive wellbeing go hand-in-hand in
building good health.
Though both are forecasted to be laced with
illnesses and risks, do not let that be the reason
for you to throw caution to the wind – if anything,
this should be the time for you to increase your
awareness!
Rat1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008
Ox1925, 1937, 1949, 1961, 1973, 1985, 1997, 2009
Good strategy and proper planning can get
you ahead. Opportunities will reveal itself
throughout the year, so ensure that you are
well-prepared with the right knowhow to make
the best of it. Approach your wealth generation
and management in a similar way. Do thorough
research before you decide on your preferred
investment.
Your health outlook will face some hiccups this
year, no thanks to the negative pull from some
inauspicious stars. Lethargy and energy loss could
be expected, but do not worry as supplements and
some light exercise could do the trick in boosting
your energy level.
Wealth Luck is on your side this year, especially
so for wealth accumulation. You will come across
opportunities and people who are able to help you
improve your wealth. Even so, do not neglect to
do your own research before you proceed.
Gossips at the workplace may cause some
trouble. Be diplomatic when confronting the
situation. Greater care and attention is needed
as your body will be susceptible to sickness
and injuries. As a good star is on your side, any
sickness or injuries will not be a significant or
major one.
| 67
To personalise your forecast, contact
Joey Yap Consulting Group at 03-2284 1213 or
email consulting@joeyyap.com for a private
BaZi consultation.
This is, of course, just a glimpse of what to
expect for your animal sign in 2013. To know
more on how you would fare in terms of wealth,
health, relationship and career, be a part of
the upcoming Feng Shui & Astrology for 2013
seminar in Malaysia and Singapore this month.
Visit www.masteryacademy.com/FSA2013/
home.asp for details and ticket purchase.
Joey Yap’s ProfileJoey Yap is the leading Feng Shui, BaZi and Face Reading consultant in Asia. He is an international speaker, bestselling author of over 75 books and master trainer in Chinese Metaphysics. He is also the Chief Consultant of Joey Yap Consulting Group and founder of the Mastery Academy of Chinese Metaphysics. For more information, visit http://www.joeyyap.com/iproperty.
Joey Yap Consulting Group19-3, The Boulevard, Mid Valley City, 59200 Kuala Lumpur, Malaysia.Tel: +603-2284 8080 | Fax: +603-2284 1218
Tiger1926, 1938, 1950, 1962, 1974, 1986, 1998, 2010
Dragon1916, 1928, 1940, 1952, 1964, 1976, 1988, 2000, 2012
Rabbit1915, 1927, 1939, 1951, 1963, 1975, 1987, 1999, 2011
An unstable career outlook may force you to go
solo with your work. But do not take this as a bad
sign. It can be an opportunity to sharpen your
abilities and skills without any interruption, which
can be beneficial for you later on. Be cautious with
your spending and do thorough research before
you invest your hard-earned money.
There is a chance for minor health complications
to take place, no thanks to the meddling of an
inauspicious star. However, this is not a major
concern. On the plus side, a helping hand in terms
of medical assistance will be there at the right time.
A recovery in your wealth is possible this year if
you play your cards right. Your professional front,
on the other hand, will face some difficulties.
However, you are lucky to have helpful people on
your side to pull you through such hard times.
Romance will fare better for you this year, so
embrace it wholeheartedly! Be prepared as you will
be plagued with numerous health complications,
and in some extreme cases – even danger or
mishaps. Thus be alert and take the necessary
precaution.
Practice better financial management this year
as your Wealth Luck is somewhat average. Your
career outlook is on the steady side, but that is no
reason for you to rest on your laurels. Use this time
to be more tenacious with your efforts to increase
your potential for success.
Health-wise, see a doctor if anything is amiss.
There is rocky ground ahead, so watch your diet
and establish a regular exercise regime.
68 |
CONTRIBUTOR | hba
The National House Buyers Association has made 10 recommendations to the government on ways to curb the unbridled escalation of house prices. One of the pertinent points relates to the issue of Bumiputera discount.
Time To Fine-Tune The BumipuTera DiscounT (part ii)
| 69
Property developers are profit
orientated entities and are not
in the business of doing charity
work. When a percentage of
their units are sold at a discount,
the price of the remaining
properties will have to be
marked-up to ensure that the
projected level of profits is met.
Hence, this increases the cost of
property ownership for non-
Bumiputeras. At a public forum,
a renowned developer stated
that, “We will not suffer losses
from those sales, but merely
‘adjust the costing’ for the non-
Bumiputera units.” This means
that the sale price is invariably
adjusted into the overall pricing.
While the mantra ‘those who
are more fortunate should help
those who are less fortunate’
holds true, non-Bumiputeras
should not be further subsidising
affluent Bumiputeras to acquire
multiple properties. Hence,
the National House Buyers
Association (HBA) calls for
the Bumiputera discount to be
fine-tuned to ensure that this
noble policy reaches the correct
target group. To prevent further
abuses, HBA recommends the
following:
(i) Price cap and type of propertyThe Bumiputera discount was
intended to assist lower income
Bumiputeras acquire their own
home. Hence, there should be a
maximum price cap of say up to
RM500,000. This price cap can
be further fine-tuned from state
to state, and between the urban
and rural areas, as it is widely
acknowledged that properties
in the Klang Valley, Penang and
Johor are priced much higher.
The types of properties that
should be excluded are luxury
homes such as bungalows, semi-
detached homes and penthouse
condominiums or apartments. This
would mean that only link-homes
and condominiums or apartments
that cater to the masses and less
affluent buyers will be eligible for
the Bumiputera discount, thus
ensuring that the latter reaches the
right target market.
(ii) Maximum number of propertiesThere must be a maximum
number of properties that are
eligible for the Bumiputera
discount. The vast majority
of the rakyat can only afford
to buy one property in their
lifetime, while some are fortunate
enough to be able to buy an
additional property for long-term
investment and/or to fund their
children’s education.
Hence, the maximum number
of properties that is eligible
for the discount by the same
Bumiputera buyer should be
capped at two properties. This
will prevent affluent Bumiputeras
from acquiring multiple
properties at a discount, thus
preventing the less fortunate
Bumiputeras from acquiring such
properties.
(iii) Only private residence should be eligibleOnly properties meant for private
dwelling should be eligible
for the Bumiputera discount.
Bumiputeras who are savvy
70 |
CONTRIBUTOR | hba
enough to acquire commercial properties
for business purposes cannot be considered
as belonging to the ‘less fortunate category’
and deserving of government aid.
There are various other government
agencies such as MARA for that purpose.
There is also MIDA, which is better
equipped to assist such aspiring Bumiputera
entrepreneurs.
HBA believes that the fine-tuning of the
Bumiputera discount will lead to a healthy
property market, which will benefit both
the Bumiputeras and non-Bumiputeras. The
property sector has long been considered as
the main engine of growth for the economy
and it is in all our best interest to ensure
that this industry is not bogged down by
outdated government policies such as a
blanket Bumiputera discount.
HBA further calls for the government to
provide a one-time discount of 7% for all
first-time non-Bumiputera housebuyers
earning less than RM5,000, to buy
properties for private dwelling costing less
than RM400,000. Only by doing so can we
achieve our Prime Minister’s vision of PR1MA
that all deserving rakyat will not be deprived
of the ‘fruits’ of our government in line with
the motto: ‘Those who deserves it should
get it’.
The figure RM5,000 a month was chosen
as the government saw fit to increase
the EPF contribution from the employers
by 1% in the recent Budget, and this will
assist middle-income families who are
squeezed by rising costs to acquire their
first home. This policy will also encourage
more property developers to build more
affordable properties, which will also benefit
the Bumiputeras at large.
COnClusiOnAs such, there should be a specific
mechanism or proper holistic guideline
drawn to regulate the entitlement of the
Bumiputera discount. There should also be
a specific guideline that for Bumiputeras
who have bought properties (residential
or commercial) while enjoying those
‘discounts’, they should be restricted from
disposing off their property (for a gain)
within a certain time frame, say five years, to
avoid exploitation of the discount.
>> This is Part 2 of a 2-part article. Part 1 was published in the previous issue.
nATiOnAl HOusE BuYERs AssOCiATiOn [HBA]No. 31, Level 3, Jalan Barat, Off Jalan Imbi, 55100, Kuala Lumpur
Tel: 603-2142 2225 | 012-334 5676 | Fax: 603-2260 1803
Email: info@hba.org.my | Web Site: www.hba.org.my
72 |
CONTRIBUTOR | acescube
Do you ever ask yourself; should I be
investing in property at all, and what can
I expect to get from it? If it is the road to
quick riches that you are seeking, then this
is not the right path to take.
Yes, we have seen some huge run-up in
prices over the years, and it is true that
property prices, like the economy, tend to
run in cycles. As such, we will obviously
see more price increases in years to come,
despite the current negative sentiment
enveloping much of the globe.
There is a whole bunch of other factors
pointing to future price increases too. In
some cities, the lack of new building stock
will keep the supply lower than it should
be, yet the population continues to grow
and so does demand. However, do not bet
everything on this happening. Instead, expect
to see, over a longer period of time, steady
increases with plenty of troughs along the
way as the economic cycle rises and falls.
Now, here is the cue for readers who argue
that the market is about to tank and that
now is not the time to buy property. With
So what should you do if you are young and thinking about investing in properties?
InvestIng In ProPerty at a young age
| 73
This article is contributed by AceScube, which provides training in loan calculation, banking and finance knowledge and other business and communications know-how for entrepreneurs. For more info on AceScube’s BLR Management Service and Customer Appreciation Program log on to: www.acescube.com.my or contact them at (603) 9054 4033 or email them at info@acescube.com.my.
2Europe perched on a precipice and the
United States still in an uncertain state, you
have to ask yourself if the bottom of the
market has been reached yet despite the
pretty strong fundamentals underpinning
the Malaysian economy at the moment.
However, if you are a young person just
starting to save for your first property, you
have a bit of time to sit back and watch the
market while you save, so do not fret too
much at this juncture.
If you plan on being a landlord, you will
need to have some extra cash to cover the
loan while in between tenants, and also to
pay for any repairs needed on the property.
If you are buying an apartment block or
townhouse, you may also need extra money
to pay for special levies such as building
repairs not covered by the sinking fund.
So the smart thing to do is to save a good
amount of money before purchasing any
property to ensure that you are not taking an
uncomfortable risk. Buying a property close
to the city can be good, however, one should
also consider the public infrastructure that is
available, and whether or not the suburb has
the potential to develop over time.
Buying near MRT or LRT stations is always
a good bet as the infrastructure will be
there for a long time. In fact, as the local
population continues to grow and the area
becomes more congested, the infrastructure
will become even more important. Keep
your potential tenant in mind – what type of
person would like to rent your unit and do
these people generally live in the area?
Direct any spare cash you have to your
savings account, not your investment loan.
While it is not advisable to dump all of your
extra cash into your investment loan, it is
prudent to pay the property off over time to
gradually reduce your liabilities. You should
also be prepared to spend on maintenance
over time and keep your property up to
scratch. This will help you attract better
tenants; in addition, property will also hold
its value better. Rundown rental properties
look shabby and often do not command a
good price when it is time to sell.
As a young investor, it is advisable for you
to find a partner who knows the market
and who can help you get started. Find a
real estate agent or broker who is familiar
with the area you are interested in, and who
wants to work with you in the future.
You cannot buy a property without the
necessary capital. As such, you may want to
meet up with a professional advisor before
seeing a lender to make sure you are ready
to handle the ups and downs that come
with being an investor. As a real estate
investor, you will certainly experience your
share of lows, including vacancies on your
rental property, your property staying on
the market longer than you would like, and
tenants who can no longer afford to pay the
rent. So be prepared for the worst.
It is also important to make accurate monthly
repayment according to the current Base
Lending Rate. If you have your sights set on
owning more than one property, do not be in
too much of a rush. Maintain an investment
portfolio that is balanced. When you have
built enough equity, you can then consider
buying a second property. You would want
to hold onto each property for as long as you
see fit, rather than be forced to sell should
disaster strike.
74 |
CONTRIBUTOR | chan ai cheng
The year 2013 is expected to be marked
with rising property prices due to inflation
resulting from rising commodity prices. This
would add to the challenges involved in the
development of affordable housing
for the low- and middle-income group
of the community.
At the same time, the proposed Strata
Management Act of 2012, when passed,
is expected to have a major impact on
local communities. Recent environmental
disasters in various parts of the world,
including the recent Hurricane Sandy and
flooding in various parts of Peninsular
Malaysia, highlight the importance,
relevance and urgency of the sustainability
issue to all parties, from homeowners and
developers, to suppliers and governments.
InternatIonal InflatIonary pressures The collective action of several national
banks worldwide to purchase their debts
may serve the purpose of stimulating
their economies, but it would also result
in inflation and an artificial appreciation of
real estate. Their actions could result in the
appreciation of commodity prices, and this
could filter into the cost of living as well as
the cost of assets.
On 6 September 2012, the European Central
Bank had come up with a plan for unlimited
bond purchases. This was followed by
China’s plans to spend billions on roads, rail
and other infrastructure projects.
On 13 September 2012, the Federal Reserve
had decided to launch a new US$40 billion
a month, open-ended, bond purchasing
program of agency mortgage-backed
securities and also to continue a policy of
extremely low rates until at least mid-2015.
As of end October, the Bank of Japan had
expanded its asset program by 11 trillion yen,
ramping its current bond buying program
to 91 trillion yen. This follows a similar move
in September, when the bank expanded its
program by 10 trillion yen. Its rationale for
the expansion was the significant economic
challenges posed by Europe’s debt crisis,
a lack of momentum in the United States’
economy and diplomatic tensions with China.
With a substantial amount of liquidity in
the financial markets and the increase
in spending, especially by China and
the United States in the aftermath of
Hurricane Sandy, the resulting devaluation
of currencies and increase in demand for
commodities would result in the increase
of commodity prices such as gold and oil,
which would filter into other commodities
such as food, cement and steel, all of which
would contribute to the rise of inflation and
thus real estate prices.
Challenges In the property market In (part 1)Inflation, affordable housing, law amendments and the environment; these are
just some of the obstacles that can be expected in the coming year.
| 75
It is important to note that steel prices have
risen steadily over the past 10 years, except
for 2008, when it spiked temporarily to twice
its lowest price.
Challenges to affordable housIngThe rise of inflation raises the urgency
and importance of affordable housing
for the low- and middle-income groups.
The timing is ideal with the government’s
affordable housing programmes expected
to be implemented by various government
agencies in 2013.
As presented by Prime Minister Dato’ Sri
Mohd Najib Tun Abdul Razak in Parliament
on 28 September 2012, the Government
is allocating RM1.9 billion to build 123,000
affordable housing units in strategic locations
in 2013. The initiative will be implemented by
1Malaysia People’s Housing Scheme (PR1MA),
Syarikat Perumahan Nasional Bhd (SPNB)
and Jabatan Perumahan Negara.
Out of the RM1.9 billion allocation, RM500
million will be spent by PR1MA to build
80,000 houses in major locations nationwide
such as Kuala Lumpur, Shah Alam, Johor
Bahru, Seremban and Kuantan with the
selling price ranging between RM100,000
and RM400,000 per unit. Another RM500
million is allocated to the Housing Facilitation
Fund to build houses in collaboration with
private housing developers.
Distributed through an open balloting
system, the house prices will be 20%
lower than the market price. The housing
programme is open to individuals or
families (husband and wife) with a monthly
household income of between RM2,500 to
RM7,500, who own no more than
one property.
A total of RM320 million will be allocated
through SPNB to build 22,855 residential
units including low- and medium-cost
apartments, including 1,855 medium-cost
apartment units with a built-up area of 850
sq ft in Shah Alam and Sungai Buloh, with
a selling price of RM120,000 to RM220,000
per unit. A total of 21,000 houses will be
constructed and priced at RM65,000 per unit
with a subsidy of RM20,000 as well as a 2%
subsidy on interest rate.
In addition, a total of RM543 million has been
allocated to Jabatan Perumahan Negara to
build 20,454 units through the Industrialised
Building System (IBS), which is to be sold
between RM30,000 and RM40,000 per unit,
much lower than the market price of about
RM120,000 per unit. The Government will
also allocate 20% of the people’s housing
programme (PPR) houses to public sector
employees and 1% to the disabled.
Collectively, these housing programmes will
increase the supply of housing and should
help to moderate property prices so that it
will be affordable to Malaysian citizens within
the low- and middle-income group.
In the second segment of this article, I will
focus on the proposed Strata Management
Act of 2012 which, when passed, is expected
to have a major impact on local communities.
Furthermore, in spite of the challenges
being posed by climate change, which
is resulting in the destruction of several
communities, environmental conservation
and sustainability issues are being taken
seriously by several parties.
This is part 1 of a 2-part article. Part 2 will be published in the next issue.
Chan ai Cheng• General Manager, S. K. Brothers Realty (M) Sdn Bhd• Registered Estate Agent with the Board of Valuers, Appraisers
and Estate Agents Malaysia• Certified Residential Specialist, NAR USA• Certified International Property Specialist, NAR USA• Registered Financial Consultant, IARFC
* For feedback on this article or any other comments, please email aicheng@skbrothers.com.
76 |
ADVERTORIAL | nobilia
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In terms of creativity, horizontal lines are
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Germany’s larGest built-in kitchen manufacturer
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The appearance and feel of the
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Nobilia is the first kitchen brand to be
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For kitchen furniture production, the
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Nobilia is exclusively distributed by
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| 77
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Air Conditioning & VentilationAcsonWebsite: www.acson.com.myTel: 603-7964 8388
YorkWebsite: www.york.com.myTel: 603-7718 8388
KDK Fans (M) Sdn BhdWebsite: www.kdk.com.myTel: 603-7785 5011
Air PurifiersAlen Corp AsiaWebsite: www.alencorpasia.com.myTel: 6013-388 1967
Audio/Visual Equipment
WNM EShop.com Sdn BhdWebsite: www.wnmeshop.comTel: 603-2144 2288
Ceramic TilesMalaysia Mosiac BhdWebsite: www.mmosiacs.comTel: 1300-88-8182
CurtainsSSF Sdn BhdWebsite: www.ssfhome.comTel: 603-6140 2020
Eco/Energy SavingCSR Climate Control (M) Sdn BhdWebsite: www.csrcoolbatts.com.myTel: 603-3341 3444
Monier Sdn BhdWebsite: www.monier.com.myTel: 1-800-88-0865
Feng ShuiStudio 212 Sdn BhdWebsite: www.studio-2-1-2.comTel: 603-7885 8280
Prosperity Feng Shui Sdn BhdWebsite: www.prosperityfengshui.com
Oriental Wisdom Metaphysic AcademyWebsite: www.orientalwisdom.com.my
Mastery Academy of Chinese Metaphysics Sdn BhdWebsite: www.masteryacademy.comTel: 603-2284 8080
FlooringFloor DepotWebsite: www.floordepot.com.myTel: 1800-88-7585
Furnitures & Customised FurnituresDeep Living Sdn BhdTel: 603-6141 6159
XZQT Home Store Sdn BhdWebsite: www.xzqt.com.my
Home AccessoriesExpressions Entertaiment Sdn BhdWebsite: www.expressions.com.myTel: 603-4270 3372
Universal Cable (M) BhdWebsite: www.ucable.com.myTel: 603-7845 6699
Insect ScreensElegant Home Decor Sdn BhdWebsite: www.elegantscreens.comTel: 603-9172 3126
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78 |
HOME SERVICES | DIRECTORY LISTINGS
LATEST DEVELOPMENTS | KLANG VALLEY CONDOMINIUM
80 |
NC22
28 Project Name: The Mark
Location: Taman Bukit Segar Jaya, Cheras, Selangor
Property Type: Serviced Residence
Land Title: Commercial
Tenure: Leasehold
Build Up: 618 - 1,166 sq ft
Listing Price: RM 380,000 - RM 670,000
Add in Package: Fully Furnished
Developer: Jaguh Gemilang Sdn Bhd (484693-W)
Phone: (603) 2278 1118
Fax: (603) 2278 1119
Website: www.themark.com.my
NC26
40 Project Name: Verde @ Ara Damansara
Location: Petaling Jaya, Selangor
Property Type: Serviced Condominium
Land Title: Commercial
Tenure: Freehold
Land Area: 4.8 acres
Build Up: 1,383 - 2,110 sq ft
Developer: Lembah Penchala Sdn Bhd
Phone: (603) 7728 6666 / (6012) 651 2355 / (6012) 538 8133
Fax: (603) 7804 8913
Website: www.verde-aradamansara.com
NC26
93 Project Name: Concerto North Kiara
Location: Jalan Dutamas Raya, Kuala Lumpur
Property Type: Condominium
Land Title: Residential
Tenure:Freehold
Land Area: 5 acres
Build Up: 1,707 - 2,084 sq ft
Expected Date of Completion: 4th Quarter 2015
Developer: BCB Berhad (172003-W)
Phone: (603) 6259 6999
Fax: (603) 6259 7999
Website: www.bcbbhd.com.my
www.concerto.com.my
www.facebook.com/BCBBerhad
NC23
64 Project Name: AraGreens Residences
Location: Ara Damansara, Petaling Jaya, Selangor
Property Type: Serviced Residence
Tenure: Freehold
Land Area: 7.5 acres
Build Up: 684 – 3,831 sq ft
Expected Date of Completion: 2015
Developer: HSB Development Sdn Bhd (710822-A)
Phone: (603) 2787 0688
Fax: (603) 2787 0699
Website: www.aragreens.com
LATEST DEVELOPMENTS | KLANG VALLEY RESIDENTIAL
82 |
NC24
80
Project Name: KRISALIS
Location: SS5C, Kelana Jaya, Selangor
Property Type: Semi-detached House
Land Title: Residential
Tenure: Freehold
Land Area: 4,950 - 7,855 sq ft
Listing Price: From RM2,200,888 - RM2,686,888
Expected Date of Completion: November 2012
Developer: Perbadanan Kemajuan Negeri Selangor (PKNS)
Phone: (603) 5510 2316
HP No: (6016) 251 0113 / (6016) 245 8116
Fax: (603) 5510 2337
Website: www.pknsproperty.com /
www.krisalispkns.com
NC26
27
Project Name: Mansion Park
Location: Cyberjaya, Selangor
Property Type: 3-sty Terrace/Link House
Land Title: Residential
Tenure: Freehold
Build Up: 4,085 - 5,362 sq ft
Listing Price: From RM1,503,888
Expected Date of Completion: 2015
Developer: Tindak Murni Sdn Bhd (235180-X)
Phone: (603) 8948 5555
Fax: (603) 8943 4508
Website: www.countryheights.com.my
Project Name: Dolomite Templer
Location: Selayang, Selangor
Property Type: Terrace House
Land Title: Residential
Tenure: Freehold
Land Area: 22’ X 75’
Built Up: 3,299 - 3,881 sq.ft.
Listing Price: RM1,251,200 - RM1,846,900
Expected Date of Completion: Nov 2013
Developer: Dolomite Properties Sdn Bhd (15302-U)
Phone: (603) 6195 6000
Fax: (603) 6185 7911
Website: www.dolomitempler.com
NC12
00
NC26
48 Project Name: Urbana@D'AlpiniaLocation: D'Alpinia, Puchong, SelangorProperty Type: Bungalow & Link Bungalow HouseLand Title: ResidentialTenure: LeaseholdLand Area: 14 AcresBuild Up: From 3,489 sq ft (Link Bungalow) / From 4,749 sq ft (Bungalow)Listing Price: From RM1,700,000 (Link Bungalow) / From RM2,200,000 (Bungalow)Status: Completed With CFDeveloper: Hap Seng Land Development (Puchong) Sdn Bhd (354071-T) Phone: (603) 8958 0880 / 83 / (6019) 278 1337 / (6012) 385 8512 / (6016) 660 9811Fax: (603) 8958 0882 Website: www.hapsengland.com
NC25
75 Project Name: Gravitas Biz ParkLocation: Shah Alam, SelangorProperty Type: FactoryLand Title: IndustrialTenure: FreeholdBuild Up: 4,900 - 5,900 sq ftTotal Units/Lots: 50Bumi Discount: 7%Expected Date of Completion: Mid of 2015 Developer: Potensi Rajawali Sdn BhdPhone: (603) 2161 3322 / (603) 7728 2229Fax: (603) 2161 3327Website: wwww.oskproperty.com.my/gravitas.html
LATEST DEVELOPMENTS | KLANG VALLEY COMMERCIAL
84 |
NC20
10
Project Name: Suria JelutongLocation: Bukit Jelutong 2, Shah Alam, SelangorProperty Type: SohoLand Title: CommercialTenure: FreeholdLand Area: Approximately 4.5 acresExpected Date of Completion: March of 2015Developers: Sunsuria Hillpark Sdn Bhd (561852-T)
Phone: (603) 6142 2727 / (603) 6145 7777Fax: (603) 6142 2227Website: www.sunsuria.com
Project Name: Cyberview Tower 12 &12ALocation: Cyberjaya, SelangorProperty Type: OfficeLand Title: CommercialTenure: FreeholdLand Area: 153,846 sq ft & 197,989 sq ftListing Price: From RM92,000,000Status: Completed With CFDeveloper: Cyberview Sdn Bhd (405553-T)
Phone: (603) 8315 6132 / 6035
NC26
89
NC20
66
Project Name: Forty5 Perling(3 & 4 Storey Shop Office)Location: Taman Perling, Johor Bahru, JohorProperty Type: Shop-OfficeLand Title: CommercialTenure: FreeholdBuild Up: 5,295 - 11,814 sq ftListing Price: From RM1,424,888 - RM3,679,888Expected Date of Completion: 3 Years From The Date Of SPADeveloper: Pelangi Sdn Bhd (13509-H)
Phone: (607) 218 1800Fax: (607) 332 4968Website: www.inp.my
LATEST DEVELOPMENTS | OUTSIDE KLANG VALLEY MIXTURE
86 |
NC27
10 Project Name: Seri Austin Residence Luxury Apartment
Location: Seri Austin, Johor Bahru, Johor
Property Type: Apartment
Land Title: Residential
Tenure: Freehold
Build Up: 629 - 1,208 sq ft
Listing Price: From RM214,800 - RM543,800
Expected Date of Completion: Mar 2015
Developer: Dynasty View Sdn Bhd (644369-M)
Phone: (607) 354 1111
Fax: (607) 351 3202
Website: www.umland.com.my/austin/austin.htm
NC27
08
Project Name: The Garden Residences
Location: Taman Mutiara Mas, Johor Bahru, Johor
Property Type: Serviced Residences
Land Title: Commercial
Build Up: 641 - 1,302 sq ft
Listing Price: From RM254,000 - RM605,000
Expected Date of Completion: Early 2016
Developer: Scientex (Skudai) Sdn Bhd (216001-X)
Phone: (607) 559 9988
Fax: (607) 559 9333
Website: www.thegardenresidences.com.my
NC26
98 Project Name: Promenade 2 Storey Cluster
Location: Taman Ungku Tun Aminah, Johor Bahru, Johor
Property Type: Cluster Homes
Land Title: Residential
Tenure: Freehold
Build Up: 2,441 - 2,908 sq ft
Expected Date of Completion: 30 June 2014
Developer: Tasek Homes Sdn Bhd (680290-H)
Phone: (607) 232 0088
Fax: (607) 232 7153
Website: www.tasekmaju.com.my
NC21
00
Project Name: Cinta Ayu Resort Apartments
Location: Johor Bahru, Johor
Property Type: Apartment
Land Title: Residential
Tenure: Freehold
Land Area: 17,387.6 sqm
Build Up: 400 - 2,037 sq ft
Listing Price: From RM318,122 - RM1,493,121
Expected Date of Completion: Completed With CF
Developer: Pulai Springs Resort Berhad (204821-X)
Phone: (607) 521 2121
Fax: (607) 521 1818
Website: www.pulaigroup.com
LAND476m2 | 5123.6ft2
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LATEST DEVELOPMENTS | OUTSIDE KLANG VALLEY MIXTURE
90 |
NC12
56 Project Name: Taman Laguna
Location: Jalan Sri Laguna, Johor Bahru, Johor
Property Type: 2-sty Terrace/Link House
Land Title: Residential
Tenure: Freehold
Land Area: 2,080 sq ft
Listing Price: From RM638,000 - RM1,209,000
Expected Date of Completion: March 2014
Developer: Nusa Utama Sdn Bhd (466265-A)
Phone: (607) 241 2266
Fax: (607) 238 2866
NC22
05
Project Name: Taman Laguna - Semi Detached House
Location: Johor Bahru, Johor
Property Type: Semi-detached House
Land Title: Residential
Tenure: Freehold
Land Area: 4,370 - 4,500 sq ft
Build Up: 4,172 sq ft
Listing Price: From RM1,300,000 - RM1,900,000
Expected Date of Completion: June 2014
Developer: Nusa Utama Sdn Bhd (466265-A)
Phone: (607) 241 2266
Fax: (607) 238 2866
NC17
38 Project Name: Apartmen Bayu Marina
Location: Taman Bayu Puteri, Johor Bahru, Johor
Property Type: Serviced Residence
Land Title: Commercial
Tenure: Leasehold
Land Area: 69,497 sq ft
Build Up: 609 - 1,406 sq ft
Listing Price: From RM347,000 - RM857,000
Status: Completed with CFO
Developer: Paradise Realty Sdn Bhd (466603-U)
Phone: (607) 334 7378
Fax: (607) 334 7379
Website: www.bayuputerimarina.com
Email: sales_marketing@bayuputerimarina.com
Project Name: Fragonard Garden
Location: Balik Pulau, Penang
Property Type: 2-sty Terrace/Link House
Land Title: Residential
Tenure: Freehold
Land Area: 1,200 – 2,600 sq ft
Listing Price: From RM540,000 - RM756,880
Expected Date of Completion: June 2013
Developer: Anteajaya Sdn Bhd (VST Group Of Companies) (642656-T)
Phone: (604) 226 4087/(6012) 489 2888
Fax: (604) 227 8127
Website: www.vstgroup.com.my
NC26
89
LATEST DEVELOPMENTS | OUTSIDE KLANG VALLEY MIXTURE
92 |
Project Name: D' Summit ResidencesLocation: Kempas Utama, Johor Bahru, JohorProperty Type: Serviced ResidenceLand Title: CommercialTenure: FreeholdLand Area: 9.98 AcresBuild Up: 527 - 904 sq ftListing Price: From RM305,900Expected Date of Completeion: December 2017Developer: Wealthy Growth Sdn Bhd (740335-V)
Phone: (607) 558 2233Fax: (607) 558 5511Website: www.ioijohor.com/kempasutama
NC26
42
Project Name: D'SerambiLocation: Taman Perling, Johor Bahru, JohorProperty Type: 2-sty Terrace HouseLand Title: ResidentialTenure: FreeholdLand Area: 22' x 80'Build Up: 2,618 - 2,725 sq ftListing Price: From RM550,888 - RM686,888Price per sq ft: RM210 - RM252Expected Date of Completion: 2 years from the date of SPADeveloper: Pelangi Sdn Bhd (13509-H)
Phone: (607) 218 1800Fax: (607) 332 4968Website: www.inp.my
NC26
74
Project Name: Indah VillaLocation: Permas, Johor Bahru, JohorProperty Type: Bungalow HouseLand Title: ResidentialTenure: FreeholdLand Area: 6,000 sq ftBuild Up: 4,961 sq ftListing Price: From RM1,880,000Status: Completed With CFDeveloper: Acmeland Development Sdn Bhd (883021-V)
Phone: (607) 432 8333 / (6012) 711 1083Fax: (607) 431 8029Website: www.pamir.com.my
NC27
20
Project Name: Mont’ CallistaLocation: Taman Pulai Bayu, Skudai, JohorProperty Type: Cluster Semi-D HouseLand Title: ResidentialTenure: FreeholdLand Area: 40x80 & 45x80Build Up: 3,071 sq ftListing Price: From RM748,000 – RM 910,000 Expected Date of Completion: July 2014Developer: Bunga Development Sdn BhdPhone: (607) 554 5318 / (607) 554 5319Fax: (607) 554 5311Website: www.pjdprop.com.my
NC15
80
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