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4  N E W S

Te neighbourhood’s affordability, accessibility and

ready amenities make it one of the most attractive

addresses for homebuyers in Petaling Jaya. Analysis

of transaction data by theedgeproperty.com shows

that the average price psf of high-rise homes in

Kelana Jaya reached RM455 psf in 3Q2014. With

more high-end supply coming in, how will it impact

the property market there? See story on 8.

KELANA JAYAmoving upmarket

6  D E ALM AK E R S 1 1 F E N G S H U I 1 4 1 5  F E AT U R E

unway to launch RM1.5bworth of properties in 2H

Tis man wants torecruit you

Don’t sweat thesmall stuff 

Seeing the light

P 9974/08/2013 (032820)

FRIDAY JULY 10, 2015

SSUE 2000/2015

A PULLOUT EVERY FRIDAY WITH

M A K E B E T T E R D E C I S I O N SRead this copy online @ theedgeproperty.com

Check out a video of this hot spot at www.theedgeproperty.com

and see current listings for this area on Market Watch EP10.

SAM FONG/THE EDGE PROPERTY

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FRIDAY  JULY 10, 2015 • T HEEDGE FINANCIAL DAILY

ON

Kelana Jayagoes upmarket

at www.theedgeproperty.com

“Buy-to-let” hotel roominvestment talk byPPC InternationalDate: Tomorrow and SundayVenue: Matahari 2, 5th Floor,Cititel Mid Valley, Kuala LumpurTime: 11am to 12pm (Session 1);2.30pm to 3.30pm (Session 2)Contact: (03) 2692 3236Representatives of Silverton

Global Limited will give a talkon the individual hotel roominvestment opportunities in HolidayInn Express Birmingham, UK.

Modern Home FairDate: Today, tomorrow and SundayVenue: Mid Valley Exhibition

Centre, Halls 1, 2 and 3, Mid

Valley City, Kuala Lumpur.Time: 10.30am to 9pmContact: (03) 7772 6132/ (012) 281 8266Modern Home Fair is a commonplatform for manufacturers, dealers,suppliers, sellers of home andliving products, as well as housingand property-related services.

i-City Family DayDate: SundayVenue: i-Gallery @i-City, Shah Alam.Time: 11am to 6pmContact: (016) 233 8739/(014) 968 9040i-Berhad invites the public to joinin the fun at its event this Sunday.

Activities include a clown act, sandart, cotton candy and lucky draw.

Canada PropertyInvestment SeminarDate: SundayVenue: One World Hotel,Petaling Jaya.

Time: 10.30am to 1pm (Session

1); 2.30pm to 5pm (Session 2)Contact: (011) 222 1998(For registered participantsonly) This seminar is sponsoredby TFDC Asiacorp Bhd. Topicsinclude: Where are the hotspots:Toronto, Vancouver, Montreal,Halifax, and Calgary; Do currencyand diversification really matter;Tax effi ciency; and, Avoid the 10most-ignored costly mistakes.

Preview of Shama MediniDate: Tomorrow and SundayVenue: Marble 8, LorongKuda, Kuala LumpurTime: 10am to 6pm

LAUNCHES & EVENTS

NEWS ROUNDUP

If you have any real estate-related events, email us at propertyeditor@bizedge.com.Events listed here will also appear on theedgeproperty.com.

For more news go to theedgeproperty.com

Would youbuy a small

home now andupgrade later?

Agile Real EstateDevelopment to launchAgile Mont’KiaraChina-listed developer Agile Prop-erty Holdings Ltd launches its de-but project in Malaysia in the third

quarter of 2015 (3Q2015). Called Agile Mont’Kiara, the project willbe developed by its wholly ownedsubsidiary, Agile Real Estate Devel-opment (M) Sdn Bhd.

 Agile Real Estate DevelopmentCEO Wilson Ren said in a statementthat the company was “very excitedto be a part of the Malaysian prop-erty landscape”, citing its “huge po-tential, stable economy, regulatoryenvironment, social security, marketand price points, especially in KualaLumpur”.

Tese factors, he added, “makeMalaysia a new frontier for propertydevelopment in Asia”.

 Agile will source 100% of its on-site workers locally. With two pro-

 jects in the pipeline – in Mont’Kiaraand Bukit Bintang – the company islooking to create at least 1,000 jobsin six years.

“Our aim is to become a leadingdeveloper in Malaysia within ve

 years,” said Ren. Agile Mont’Kiara is a high-end

residential project with a gross de- velopment value (GDV) of RM1.4billion. It will comprise 11 towers

 with a sky deck, jogging track and24-hour security surveillance.

OSK Holdings shareholdersapprove acquisitionsOSK Holdings Bhd has obtainedshareholder approval to acquireOSK Property Holdings Bhd andPJ Development Holdings Bhd forRM346.4 million and RM223.6 mil-lion, respectively.

CEO an Sri Ong Leong Huatsaid the move will see OSK Hold-ings emerge as a rst-tier proper-ty group in Malaysia with GDV ofRM13.3 billion.

He said the combined landbankof the two entities is 524.88 ha (1,297

acres) of undeveloped land in Ma-laysia and 2.02 ha in Australia.

an expects the nancial servic-es and property segments to be themain revenue and prot contributorsfor OSK Holdings, which plans to

unveil between three to four prop-erty projects in Malaysia with a totalGDV of over RM1 billion. — Bernama

AlloyMtd to start RM2.67 bilOne Crown project byNovemberInfrastructure development com-

pany AlloyMtd Group has obtainedapproval from London Borough ofHackney (LBH) to redevelop OneCrown Place, London EC2, in the UK.

Te redevelopment project marks AlloyMtd’s re-entry into the Londonreal estate market. Te group had aone-third stake in the Spitalelds de-

 velopment between 1996 and 2000.President and CEO Datuk Dr Az-

mil Khalid said on July 6 that the rede- velopment project should commencethis November. It has an estimatedGDV of £451 million (RM2.67 billion).

One Crown Place will feature tworesidential towers located above po-dium offi ces and a boutique hotel.

Te net internal area is 373,091sq ft, comprising 141,890 sq ft of of-ce space and 200,041 sq ft of resi-dential space with 247 apartments.Te boutique hotel will be built on aheritage block, the early 19th centuryGeorgian errace.

 AlloyMtd, through its subsidiary AlloyMtd (Jersey) Ltd, acquired OneCrown Place two years ago from SunStreet Properties Ltd, a unit of UBS,in 2013.

Hua Yang launches inauguralMyHome projectProperty developer Hua Yang Bhdhas launched the rst phase of its Seri

 Andaman homes under the govern-ment’s MyHome Scheme that wasannounced in Budget 2014.

In a statement on July 7, Hua Yangsaid buyers must full certain criteriaset by the Ministry of Urban Wellbe-ing, Housing and Local Governmentto qualify for the RM30,000 subsidyfor the homes.

Seri Andaman is located in theBandar Universiti Seri Iskandar(BUSI), which is the Hua Yang’s 777-

acre township in Perak.Its rst phase comprises 186 units

of 22’ x 65’ 1-storey terraced homes, with a built-up area of 850 sq ft andabove. Prices of these leasehold unitsrange from RM180,000 to RM200,000.Of the 186 units, 56 are bumiputeralots. —theedgemarkets.com

Bina Darulaman todevelop Langkawiprojects worth RM1.5 bilKedah-based oil palm plantationand property group Bina DarulamanBhd (BDB) is planning to launch fourprojects in Langkawi with a totalGDV of RM1.5 billion to be realisedover the next ve to seven years, saidBDB group managing director DatukIzham Yusoff on July 7.

he first project will be an af-fordable housing development of500 apartment units in Kuah by year-end. Te other three include the de-

 velopment of a 200-acre (80.9ha)parcel of hillside land and another13-acre tract near the island’s man-grove area for ecotourism villas.

BDB expects top-line growth of

10% for its nancial year ending De-cember, 2015, mainly driven by itsaffordable housing projects in Kedah.

Te group has about 2,000 acresof undeveloped land in Kedah, afterreplenishing its landbank with the

recent acquisition of its substantialshareholder, Perbadanan KemajuanNegeri Kedah.

Berjaya Land’s JesseltonVillas 40% soldBerjaya Land Bhd has sold more than40% of the rst parcel of its Jesselton

 Villas development in Penang sincethe offi cial launch in May last year.

Executive director of Berjaya LandEason Phan said buyers are mainlylocal owner-occupiers and investors.

Located on Penang Island, Jessel-ton Villas is a 58-acre guarded free-hold development comprising threeparcels. Te rst, dubbed KensingtonGardens, covers 26 acres and offers69 bungalow lots sized between 5,995and 9,634 sq ft. Te average sellingprice is RM674 psf.

Construction on the RM321 mil-lion Parcel 1 and major infrastructure

 works will commence by year-end,Phan said on July 8. Te develop-er offers several design options forpurchasers.

Parcel 2 covers 18 acres, and Par-cel 3, 14 acres. Jesselton Villas has atotal GDV of RM900 million, with207 bungalow lots, or four bungalowlots per acre.

Jesselton Villas is located nextto the Penang urf Club and is thedeveloper’s rst bungalow lot devel-opment in Penang.

It proposes communal living, se-curity, and a liveable and sustainableenvironment for residents.

Contact: (012) 388 9901

United Malayan Land Bhd hascollaborated with Onyx HospitalityGroup to bring the first Shamaproperty to Malaysia. The ShamaMedini lifestyle serviced apartments,which will have a lakeside view, is the11th property under the Shama brand,which has a presence in Shanghai,Hangzhou, Hong Kong and Bangkok.

Darulaman Realty SdnBhd Open HouseDate: July 25, 2015Venue: Taman Tunku IntanSafinaz, Jitra, KedahTime: 10am to 5pmContact: (04) 917 8080Darulaman Realty Sdn Bhd,a property development and

construction arm under BinaDarulaman Bhd, welcomesvisitors to a Hari Raya OpenHouse to showcase its TamanTunku Intan Safinaz developmentin Kedah. This township projectcomprises 1,615 units of affordableapartment units and houses.

The Edge Communications Sdn Bhd(266980-X)

Level 3, Menara KLK, No 1 Jalan PJU 7/6,Mutiara Damansara, 47810 Petaling Jaya,Selangor, Malaysia

The Edge Communications Sdn Bhd(266980-X)

Level 3, Menara KLK, No 1 Jalan PJU 7/6,Mutiara Damansara, 47810 Petaling Jaya,Selangor, Malaysia

Publisher and Group CEO Ho Kay Tat

EditorialFor News Tips/Press ReleasesTel: 03-7721 8219 Fax: 03-7721 8038Email: propertyeditor@bizedge.com

Senior Managing Editor  Azam ArisContributing Editor Sharon KamEditor Rosalynn PohDeputy Editors E Jacqui Chan,Wong King Wai, Llew-Ann PhangAssistant Editor Lam Jian WynWriters Zatil Husna Wan Fauzi,Chai Yee Hoong, Lim Kian Wei,Rachel Chew, Hannah Rafee,Carmel Dominic

Art Director  Sharon KhohDesign Team Cheryl Loh,Valerie Chin, Aaron Boudville,Aminullah Abdul Karim,Yong Yik Sheng, Tun Mohd ZafianMohd Za’abah

Corporate Managing Dir ector  Au Foong YeeDeputy Managing Director  Lim Shiew Yuin

Advertising & Marketing To advertise contactGL: (03) 7721 8000Fax: (03) 7721 8288Chief Market ing Offi cer  Sharon Teh (012) 313 9056Senior Sales ManagersGeetha Perumal (016) 250 8640Fong Lai Kuan (012) 386 2831Peter Hoe (019) 221 5351Gregory Thu (012) 376 0614Senior Manager, IntegrationShereen Wong (016) 233 7388Ad-Traffi c Mana ger 

Vigneswary Krishnan (03) 7721 8005Ad Traffi c Asst Man ager  Roger Lee (03) 7721 8004Email: mkt.ad@bizedge.com

The Edge Property  is published anddistributed with The Edge FinancialDaily every Friday. For moreproperty data, listings and news, goto theedgeproperty.com.

EP2 PR P RTYPROPERTY   | NEWS

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Sunway to launch RM1.5b

worth of properties in 2HB Y L AM JI AN W Y N

B Y RACHE L CHE W

SUBANG JAYA: Sunway Property, the realestate arm of Sunway Bhd, plans to launchsix new projects and phases of existing pro-

 jects worth RM1.5 billion in the second halfof this year, said its managing director ofproperty development for Malaysia/Singa-pore Sarena Cheah yesterday.

“We are pleased to see that there is stilldemand for our properties [despite softermarket sentiment]. We believe that the posi-tive reception that we have received is due to

our build, own [and] operate business mod-el, displaying our commitment as a holisticmaster community developer,” said Cheah.

KUALA LUMPUR: MKH Bhd is banking onthe upcoming mass rapid transit (MR) con-nectivity to its Saville@Cheras developmentto boost sales.

he 2-acre freehold mixed develop-ment in Cheras will have a 7m covereddirect link-bridge from its retail floors tothe soon to-be-ready Sri Raya MR sta-tion, said MKH Bhd’s managing directoran Sri Eddy Chen. Saville@Cheras hasrecorded a 48% take-up rate since its of-ficial launch on July 4.

Chen told Te Edge Property  that 175 outof 352 units of serviced apartments and 25out of 62 units of retail units have been sold.

Te 43-storey serviced apartment blockof Saville@Cheras comes in six layouts, from3- to 6-bedroom units with built-ups ranging

from 1,130 to 4,670 sq ft. Prices start fromRM650,000. Te built-ups of the retail unitsrange from 291 to 1,827 sq ft, with pricesfrom RM502,000.

Te development has a gross development value of RM307 million. It is equipped witha three-tiered security system and luxurycondominium facilities such as gymnasi-um, decks for yoga and sunbathing, zen

Saville@Cheras records 48% take-up rate

Developer achieved sales of RM500 million in rst half of the year

Cheah: We are pleased to see that there is stilldemand for our properties. Photo by Chu Juck Seng

An artist’s impression of Sunway Velocity in Cheras. Photo by Sunway

The 43-storey serviced apartment block of Saville@Cheras comes in six layouts. Photo by MKH

garden as well as a swimming pool at therecreational podium.Besides the Sri Raya MR station, the

area also has good connectivity via multiplehighways including the Cheras Kajang High-

 way, Silk Highway, MRR2 and ConnaughtEast West Link.

“Slated for completion by end-2017, theintegrated Sri Raya MR station, which is

expected to have a ridership of 400,000 pas-sengers per day, will boost the businesscatchment area in Saville@Cheras, thusbeneting the retail owners when the retailunits are ready in the same year. At Saville@Cheras, convenience is denitely the verylast thing to worry about,” said Chen in astatement earlier.

Te surrounding amenities include hy-

The real bubble

behind China’s

selloff 

SHANGHAI (July 10): A real estate bub-ble may be one of the culprits behind theChinese stock selloff.

In the run-up to seven-year highs onthe Shanghai Composite prior to its recentcollapse into a bear market, some analystsattributed the rally to the diminishing at-tractiveness of real estate as an investmentproduct. “We believe that asset rotation byonshore investors (from real estate, wealthmanagement products and cash depos-it to equities) is a much more signicantfactor in driving A-share performancein months ahead,” ai Hui, chief marketstrategist Asia for J.P. Morgan Funds, saidin an email in May.

Te Shanghai Composite was up morethan 150% from last June to its June 12peak. It has lost more than 30% since then.

Last December, China announcedreal estate owners would need to registertheir holdings in a unied system. Temove was an effort to prevent corruptoffi cials from hiding wealth in property.

 At the same time, oversupply and aslowing Chinese economy put pressureon property values. Chinese regulatorsattempted to slow a slide in propertyprices with new regulation in late March.

Te economic slowdown continuesto weigh on Chinese real estate. Beijingprime rents slipped 7% in the rst quar-ter from the same period last year, KnightFrank said in a release on July 7. — CNBC 

For more, visit www.cnbc.com

B Y E V E L Y N CHE N G

permarkets such as Cheras Leisure Mall,

Cheras Sentral Mall and Giant, as well asinternational and local educational insti-tutions such as Cheras Cempaka Interna-tional School, REAL Schools Suria campus,USCI University and unku Abdul RahmanUniversity.

Moving into the second half of 2015, Chenbelieved the property market will remainslow and challenging, so the right product,pricing and strategic location are crucial fora new project.

“We focus largely on landed and af-fordable residential properties priced be-low RM600,000, notably Hillpark@Shah

 Alam North, Kajang East, Pelangi Semeny-ih 2, Hillpark Home 3 and Saville@Cheras,the only high-rise, mixed-use developmentlaunch for us this year. Apart from this, wealso launched Avenue shop offi ces at Hill-

park@Shah Alam North in this 2H,” sharedChen, adding that the company had a land-bank of 900 acres with an estimated GDV ofRM10.8 billion.

Some projects lined-up for next year in-clude Saville@Puchong, Kajang 2 MerridienSuite, Hillpark@Shah Alam North (Mapel),Hillpark Residence, MKH ransit and Hill-park Home 4, said Chen.

She added that Sunway will continue tomonitor the market for the next six m onthsand the new launches will be priced fromRM500,000.

Te relevant projects are Sunway GeoResidences 3 in Sunway South Quay at Ban-dar Sunway; Sunway Gandaria, Bangi; CasaKiara 3 at Mont’Kiara; new offi ce and retailunits in Sunway Velocity, Cheras; landedhomes in Sunway Cassia at Batu Maung,Penang; and, Sunway Emerald Residencelanded homes in Sunway Iskandar, Johor.

Sunway Geo Residences 3, which has agross development value (GDV) of RM480million, is the nal residential phase in Sun-

 way South Quay and will comprise 420 con-dominium units and 44 townhouses.

Meanwhile Sunway Gandaria (GDV:RM226 million), is a leasehold project inBangi which will comprise 259 units of ser-

 viced apartments and 34 retail units.Meanwhile, Casa Kiara 3 condo (GDV:

RM336 million) will comprise 288 units which incl ude dual -key unit s, whereasSunway Velocity’s latest launch (GDV:

RM170 million) will feature 24 units ofshops and 40 units of office suites.

Sunway Cassia’s newest phase (GDV:RM90 million) will comprise 48 units oflanded homes while Sunway Emerald Res-idence (GDV: RM330 million) will comprise196 units of landed homes at Sunway Iskan-dar’s Lakeview Precinct.

Meanwhile, the developer has achieved salesof RM500 million in the rst half of the yeardespite poor market sentiment, Cheah said.

Sunway Property has a sales target ofRM1.7 billion this year, but will decide inthe next two months if there is a need toreview this gure.

Te developer typically sees better salesin 2H and has previously achieved its targetsdespite only 30% sales in the rst six months.

Sunway will use recurring income fromits investment assets worth RM7 billion asa buffer if the market softens.

Cheah says Sunway Group’s earnings fromits investment assets, such as Sunway Pyra-mid and Sunway Medical Centre, contributearound a third of total income from property.

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T A N A I L E N G

Z A T IL HUSN A WA N FA UZ I

UALA LUMPUR: Guocoland (M) Bhd, theoperty development arm of Hong Leong

roup, is optimistic that its Damansara Cityesidency (DC Residency) ower A will belly taken up by year-end.DC Residency ower A achieved a take-up

te of 60% during its pre-launch for foreignvestors in May, said GuocoLand managingrector an Lee Koon.“We expect the remaining 40% to be fully

ken up by year-end. Tis may be an am-tious expectation, but we have received

ncouraging response from both local andternational buyers,” said GuocoLand gen-al manager of sales and marketing Kennyong at a press brieng yesterday.He said Singapore and Cambodia inves-

rs showed “great interest” in the projectnd half its 60% take-up rate was from Sin-

poreans.Damansara City, with a gross development

lue of RM2.5 billion is located in Daman-ra Heights. It comprises two Grade-A of-e towers; two 28-storey residential towerslled DC Residency; an F&B-centric lifestyleall; and, a 5-star hotel. Te entire projects on 8.5 acres of freehold land and will belly operational by mid-2016.Te agship integrated development by

uocoLand, will be offi cially launched thiseekend.

Te selling price for ower A is RM1,350f. GuocoLand expects capital appreciationaround 8% after completion, said Wong.

Xiamen Universityto open inSunsuria City,Sepang, in 1Q2016B Y L IM KIA N WE I

SEPANG: Xiamen University MalaysiaCampus (XMUMC) will open in Sun-suria City, a RM6.4 billion township de-

 velopment by Sunsuria Bhd, in the rstquarter of next year (1Q2016), said itspresident Wan Rui Fang here yesterday.

 XMUMC’s 150-acre campus will belocated in the 525-acre township inPutrajaya South. It has a planned oorspace of 470,000 sq m and a total esti-mated investment value of RM1.3 billion.It will be built in two phases.

The first phase comprises studentaccomodation, a lake, swimming pool,indoor basketball, tennis and badmin-ton courts, café, cafeteria, multimediarooms, library, classrooms, laboratoriesand administrative offi ces. Phase two will

comprise seven research laboratories.Te rst phase is scheduled to be ful-

ly operational by next September, andphase two by 2020.

The Salak Tinggi Express Rail Link(ERL) connects the campus to Kuala Lum-pur in 30 minutes, and to Kuala LumpurInternational Airport in seven minutes.

Te campus is about 50km from thecity centre and accessible via Elite High-

 way and Maju Expressway.It can accommodate 10,000 students

once fully completed in 2020. Wangexpects about 30% local student enrol-ment, with 30% from China and the restfrom other countries. All of its courses

 will be conducted in English, except forChinese Studies and Chinese raditionalMedicine. XMUMC hopes to get all itscourses approved by the governmentby next September.

 XMUMC is the univer sity’s fourthcampus, and its rst in Malaysia.

Meanwhile, Sunsuria Bhd executivedirector Koong Wai Seng tells Te EdgeProperty  that the company will launchPhase 1B of Sunsuria City township lo-cated near the campus this year. It has agross development value of about RM300million, and comprises residential, com-mercial and retail components. Detailsare being nalised.

DC Residency will have 370 servicedapartments of a contemporary design witha built-up area of between 899sq ft (1 bed-room) and 2,705 sq ft(3+1 bedroom).

Tower B of DC Residency will be openfor sale after completion.

Meanwhile, Hong Leong Bank Bhd willbe moving into ower A of the offi ce towersafter acquiring the building. Te 33-storeyGrade-A offi ce tower block with a useable

area of 530,000 sq ft will be occupied by theHong Leong Group.

an said GuocoLand has already securedagreements in principle with well-knownlocal and international brands for half ow-er B’s 240,000 sq ft net lettable area. He didnot disclose information of future tenants.

GuocoLand is planning to launch threeresidential projects in Alam Damai, Sepangand Rawang before the end of the year.

UEM Sunrise brings Mont'Kiara its rst hotel

UALA LUMPUR: UEM Sunrise Bhd hasntered into a management agreement withyatt Hotels & Resorts for a Hyatt House ho-l in Mont’Kiara, to be called Hyatt House

uala Lumpur, Mon’tKiara. Te agreementas signed between wholly owned UEM Sun-se subsidiary Arcoris Sdn Bhd and Hyatt.

“Hyatt House Kuala Lumpur, Mont’Ki-a completes the overall implementationan of our award-winning Arcoris Mont’Ki-a development, which is designed by the

ondon-based architectural rm, Foster +artners,” said UEM Sunrise managing di-ctor and CEO Anwar Syahrin Abdul Ajib. “It is a signicant milestone that marks

EM Sunrise’s inaugural venture into theospitality industry as we expand our busi-ess portfolio,” he added.

Te hotel will be part of a mixed-use de-lopment, Arcoris Mont’Kiara, which will

so have business suites, SoHo units, resi-ntial units and a retail plaza.Hyatt House Kuala Lumpur, Mon’tKiara,

expected to open in 2017. Te hotel willave 298 guestrooms (of 350 sq ft to 750 sq, restaurant, meeting space, tness centre

nd sky pool. Room rates are being nalised.“We are delighted to bring the Hyatt House

and to Kuala Lumpur and honoured to startur relationship with UEM Sunrise, one ofe largest real estate developers in Malay-

a,” said Hyatt Asia Pacic vice-president of

Hyatt House Kuala Lumpur, Mon’tKiara will occupy level 16 and above, sitting atop of the business suiteswithin Arcoris. Photo by UEM Sunrise

Tan: Half the 60% take-up rate so far comprises Singaporeans. Photo by Patrick Goh/The Edge Property

Foreign buyers help drive DC

Residency’s 60% take-up rateGuocoLand expects full take up of its high-end project by year-end

real estate and development, Patrick Finn.“We believe Hyatt House Kuala Lumpur,

Mont’Kiara will be able to cater to a growingextended-stay market in the Kuala Lumpurarea. We look forward to welcoming guests

and making them feel at home,” he added.“We are proud to enter into a manage-

ment services agreement with Hyatt, andto bring Hyatt’s extended stay experienceto Malaysia,” said Anwar.

The campus has an investment value ofRM1.3 billion. Photo by Sunsuria

Wang: All of its courses will be conductedin English, except for Chinese Studies andChinese Traditional Medicine. Photo by MohdIzwan Mohd Nazam/The Edge Property

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BY HA NNA H RA F E E

Tis man wantsto recruit you

On Mount Kinabalu in earlyMay, Erick Kho witnessed thesunrise of the gods, inhalingthe crisp breath of life.

“I couldn’t help but feel asense of freedom and achieve-

ment. I felt like there were no obstacles inlife that I could not handle,” says Kho, cur-rent president of the Malaysian Institute of

Estate Agents (MIEA). At 13,438 ft above sea level , Kho plant-ed two ags at Low’s Peak, the summit ofSoutheast Asia — of MIEA and MaplelandProperties, of which he is principal — mark-ing his commitment to his challenge to bethe institute’s new chief and to continueleading his real estate agency.

It was tting culmination to a climb thathe says, “took a lot of effort on my end”.

He does his damnedest to keep t despitehis busy schedule, and maintain a busy sociallife, by walking his dogs.

“At 54, age is slowly catching up,” he says,but I still want to pursue my dreams and Iam very much young at heart,” he catcheshimself.

Kho took offi ce on April 25, succeedingMIEA immediate past president, Siva Shanker.

He’s since planted several initiatives, includingan MIEA academy, a public awareness cam-paign of MIEA’s programmes, and the ongo-ing construction of www.mieaproperty.comto allow members to advertise their listings.

“Our goal is essentially to be the larg-est professional body to serve the needsof real estate agents (REA) and real estatenegotiators (REN) in Malaysia. It is our

Erick Kho plans to make the MIEA the go-to place

for agents and negotiators

 wish to bring t he REAs and RENs unde rone roof,” says Kho.

It also aims to combat illegal agents.“Tere is still very little public awareness

of illegal agents and negotiators. A lot of peo-ple are quite ill-informed about the indus-try, especially with regard to commissions.”

Kho explains that many are unaware thatthe standardised commission for REAs andRENs is 3%.

“Te public needs to understand the [com-

ponents] of their transactions to ght off il-legal dealings,” he urges.Kho also affi rms the importance of rep-

resentation and branding.“Tis is why education is very important.

I believe REAs and RENs really need to havea stronger grip on the profession. It is not

 just about selling properties; they have toexemplify good qualities, be well-mannered,

 well-dressed and cultured in order to be re-ally successful.”

Kho identies three important compo-nents in the real estate industry: recruitment,training, retention.

“We are in the midst of recruiting moreREAs and RENs through our programmessuch as REN tag registration, [a] 40-hourtraining [programme].”

Members of the institute can enrol for ac-

ademic programmes offered by MIEA, suchas its Professional Diploma in Estate Agency.“In terms of retention, we hope to sustain

our industry by attracting more youths to theindustry, through the formation of MIEA

 Youth,” says Kho.Last year, MIEA Youth attracted over 300

budding REAs and RENs under the age of40, across Malaysia.

01. The 2015/17 MIEA Council members.

02. Kho: You always start with the end in mind.Photo by Haris Hassan

03. Kho planted the MIEA flag at the summit ofMount Kinabalu. Photo courtesy of Erick Kho

02

03

01

Art, scale models, real estate and a lakein a crater

ERICK Kho admits to a weakness for art,being “involved in the business many

 years ago,” as he shows over 50 intric atepieces displayed on his offi ce wall.

In 2000, he was part of local art com-pany Arch Collection that sold two-di-mensional, art pieces (made of wood

 veneer) of histo ric world landmarks. He was also executive director of Arch Mod-els Sdn Bhd, one of the largest architec-ture scale-model builders in the country.

“I developed a passion for buildingsand real estate from my previous ven-tures. I feel that my involvement in realestate was never an accident. In fact, it

 was a natural progression,” he remarks.Kho’s 31-year track record in the in-dustry includes established companiessuch as eamwork Corporation Sdn Bhd,aylor Woodroll International (UK) Lim-ited, Berjaya Land Berhad and ropicanaCorporation Berhad.

Mapleland Properties, which Kho

founded 10 years ago, was recently re-structured and expanded to include thecompany’s newest offi ce space in Petal-ing Jaya.

Its new 8,00 0 sq ft offi ce space has fa-cilities such as a showroom, F&B roomsand training rooms for negotiators, saysKho. It also boasts a spacious propertygallery for the company’s projects.

Kho looks forward to fulfilling allMIEA’s initiatives as its president for2015/17.

“Tere is a famous saying by authorSteven Covey: “You always start withthe end in mind”. Tat is how I look at all

these initiatives. Everything is bound tochange. I hope to level the playing groundfor all estate agencies,” he says.

 And what’s next, once he’s done? Tethrill-seeker shares his next quest. “Inthe next two years, I wish to climb thebeautiful Mount Renjani on the island ofLombok, Indonesia, to see the crater lake.”

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B Y Z A T IL HUSN A WA N FA UZ I

Kelana Jaya will welcome more than 2,000 units

of non-landed residences by end-2018.Many of these are in the high-end segment

Kelana Jaya raises its game

PHOTOS BY SAM FONG/THE EDGE PROPERTY

Kelana Jaya is a mature neigh-bourhood in Petaling Jaya, Se-langor. It is mainly connectedby Lebuhraya Damansara Pu-chong (LDP), which is oftencongested during peak hours.

he areas that are commonly referred toas part of Kelana Jaya include Aman Suria,aman Mayang, aman Mayang Jaya, amanBukit Emas, aman Kelana Idaman, SS3,SS4, SS6 and SS7.

Due to its easy accessibility and location,

properties in Kelana Jaya are quite soughtafter, although properties here mostly con-sist of old landed terraced houses and shops.

 As for non-landed homes, many of the ex-isting high-rise residences are mid-marketcondominiums that were built during theearly 2000s. Many of them are located in the

 vicinity of SS7. Tese include Kelana Puteri,Kelana Mahkota and Sterling condominium.

 According to an analysis by theedgeprop-erty.com, transaction volume for non-landedresidences on the secondary market in Kela-na Jaya has been stable. ransaction values,however, have been on the rise.

In the third quarter of 2013 (3Q2014),transaction volume had fallen 14.1% from249 to 214 units year-on-year (y-o-y) due tothe overall property market slowdown. Nev-ertheless, the property market in Kelana Jaya

enjoyed steady price growth, especially sinceParadigm Mall was completed and openedits doors in 2012. Based on theedgeproperty.com’s analysis, the average transacted priceper square foot (psf) of non-landed homesgrew 15.9% y-o-y to reach RM455 psf in3Q2014. Tis follows a growth of 19.8% inthe preceding year (see Chart 1).

Paradigm Mall is part of a mixed devel-

opment by WC Holdings Bhd, which sitson 12.5 acres of leasehold land. Te mixed-use development — Paradigm Kelana Jaya— consists of the mall, a hotel, high-riseresidences and offi ce tower. Te group hasrecently completed Ascent, a 31-storey offi cetower and is currently constructing the hoteland Azure Residences, a 30-storey luxury,high-rise serviced-apartment project that

 was launched last year. Azure Residences will have 189 units of

1+1 bedroom and three-bedroom units.Te built-ups range from 756 to 1,815 sq ft,

 with selling prices starting at RM950 psf, a

benchmark price for the area. It is currently70% taken up.Te current high-rise residential supply

in Kelana Jaya is mostly priced betweenRM500,000 and RM600,000, accounting forthe largest market share of transactions at29.9%, while 22.5% are units priced betweenRM400,000 and RM500,000, according totheedgeproperty.com research.

 While the current condos are mainlypriced below RM1 million, Sterling Con-dominium saw one of its units transactedat slightly above RM1 million in April2014. Te development is also themost expensive condominiumin Kelana Jaya, with an averagetransacted price of RM714,000(Chart 2).

One can expect average prices

of non-landed homes in Kela-na Jaya to trend upwards in thenear future as higher-end prop-erties such as the Azure Residenc-es come into the market. Tat alsomeans that Kelana Jaya’scurrent affordabilitymay be affected.

“Price growth

has been strong for both newly launchedhigh-rise residences and older condos butbecause prices have been increasing, trans-action volumes are going the opposite direc-tion as fewer people can afford the higherprices,” says property advisor of HartamasReal Estate (M) Sdn Bhd, Yoong Shiun Yan.

Why Kelana Jaya? Yoong tells Te Edge Property  that Kelana

Jaya’s main attraction for home buy-ers and property investors is its

location. It is an established sub-urb that is less than 30 minutes’drive to Damansara and KualaLumpur city centre. Kelana Jayacan be accessed via the LDP, the

Federal Highway and the NorthKlang Valley Expressway. Tere

is also the Kelana Jaya LR station.Being a mature area, there are many ready

amenities to offer such as Paradigm Mall,Giant hypermarket, commercial centres,Kelana Jaya Medical Centre as well as pri-mary and secondary schools. Tere are alsothe Nobel International School, Universitiun Abdul Razak (UNIAR) and LincolnUniversity College.

Other notable landmarks include theKelana Jaya recreational lake park, the Kela-na Jaya LR station, the PKNS Sports Com-plex and the Federal erritory KL CustomsComplex.

Managing director of PA InternationalProperty Consultants, Jerome Hong con-curs with Yoong that the accessibility of

the area as well as the myriad of amenitiesavailable there make Kelana Jaya one of themost attractive residential suburbs in theKlang Valley.

Based on theedgeproperty.com’s analysisof asking rents, the indicative rental yieldsfor condos within Kelana Jaya are between2.8% and 5.5%, led by iara Kelana (5.5%)and Suria Damansara (5.3%). Te monthly

Yoong: Prices are increasing buttransaction volume is lower.

The Edge file photo

Kelana Jaya houses some schools and h igher learning institutes.

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  9IDAY  JULY 10, 2015 • T HEEDGE FINANCIAL DAILY

nts are between RM1.30 and RM1.50 psf,ut the high-rise homes near Paradigm Mall

mmand better rental rates. For instance,ataran Prima Condominium saw rents asgh as RM1.77 psf (see able 1).

coming supplyelana Jaya will have more newon-landed residential develop-ents to look forward to, withme already under construc-

on such as Te Pinnacle Kela-

a Jaya by erra Mirus Sdn Bhdormerly known as Mammothmpire Property) and Azureesidences. According to PAternational’s survey,

elana Jaya current-has 4,927 con-

o units, whichpresent just

3.59% of the total existing high-rise supplyin Petaling District.

“In terms of incoming supply, Grand SoFoby OSK Property Holdings Bhd and I-SOVO inIcon City by Mah Sing Group Bhd, are expected

to come into the market by 2016 witha total of 629 units, which translate

into an increase of 12.8% of high-rise supply in Kelana Jaya,” saysHong.

Hong notes that the supply forhigh-rise units will increase by

another 988 units or 20.1% of thecurrent existing supply, in 2017.In 2018, Te Pinnacle Kela-

na and HighPark Suites by Gamuda Bhdare expected to contribute 1,252 units tothe market.

“In summary, we expect 2,869 units tocome into the market by end-2018, which

 will translate into 58.2% of the total existinghigh-rise residential supply in Kelana Jaya,”says Hong, adding that these new launchesare mainly priced around RM620 to RM1 ,000psf with good take-up rates of above 60%.

Outlook

 Yoong believes the upcoming LR extensionfrom Kelana Jaya to Putra Heights will givefurther boost to Kelana Jaya’s property values.

Hong: Accessibility andamenities make KelanaJaya attractive. The

Edge file photo

he convenience ofaving readily availablemenities is one of thettractions to buy inelana Jaya.

iara Kelana has theighest rental yield

or high-rise homesn the area.

The LRT extension linewill be the next growthcatalyst for Kelana Jaya.

The completion of Paradigm Mall in 2012has boosted property prices in the area.

“I’m optimistic about Kelana Jaya due tothe LR extension project, he says, addingthat new developments will have a positiveimpact on the area.

Hong concurs. Besides Paradigm KelanaJaya, Mah Sing’s Icon City as well as the pro-posed mixed development comprising servicedapartments and retail shops on Sunway Bhd’srecently acquired 17-acre site next to WesternDigital in Sungai Way Free rade Zone willchange the landscape of Kelana Jaya, he says.

Hong adds that the limited land left for fu-

ture development in Petaling Jaya especiallyfor landed homes augur well for high-risesin good locations and near LR stations.

C OVER S T OR Y    |  PR P R TYPROPERTY   E P9

Check out a video of this hot spot at theedgeproperty.com and see property listings

for this area on Market Watch EP10

Chart 1: Kelana Jaya non-landed residential average priceby average price (RM/psf)

Chart 2: Kelana Jaya top 5 most expensive condominiums/apartmentsby average transacted price

Table 1: Top 5 condominiums/apartments in Kelana Jayawith highest indicative asking rental yield

Source: theedgeproperty.com

Source: theedgeproperty.com

Source: theedgeproperty.com

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Go to theedgeproperty.com for more listings

Kelana SterlingType: Condominium/serviced residenceTenure: LeaseholdAsking price: RM780,000Built-up area: 1,442 sq ftBedroom(s): 3 + 1Bathroom(s): 2Description: Partly furnished,low-floor unit with two parkingbays, kitchen cabinet, cookerhob and hood, built-in wardrobein master bedroom, plasterceiling in living room, diningroom and master bedroom.Three air conditioners and

two water heaters.Agent/negotiator: VictorLim of Vivahomes RealtyTel: (016) 441 8785Email: vistaera@gmail.com

Kelana SterlingType: Condominium/serviced residenceTenure: LeaseholdAsking price: RM820,000Built-up area: 1,442 sq ftBedroom(s): 3 + 1Bathroom(s): 2Description: Renovated, designer-furnished unit with fully equippedkitchen, built-in washing machineand dryer. Bedrooms have built-inwardrobes, dressing table, studyarea and flat screen TV. Unit issold lock, stock and barrel withliving and dining furniture, beds,built-ins fixtures and fittings.Must view to appreciate.Agent/negotiator: Sharmila Taluar of ReapfieldProperties (S.J.) Sdn. BhdTel: (017) 300 3406Email:  sharmila@reapfield.comWebsite: www.sharmilaproperties.com

Zenith ResidencesType: Condominium/serviced residenceTenure: LeaseholdAsking price: RM628,000

Built-up area: 990 sq ftBedroom(s): 3Bathroom(s): 2Description: Partly furnished,mid-floor unit in Tower A offeringgood views of of Saujana Golf Club.One parking bay. Also featuresplaster ceilings, air conditioning,built-in wardrobes, built-in kitchencabinets, electric cooker (Electrolux)with two burners and cooker hob.Agent/negotiator: Max Tan ofHartamas Real Estate Sdn BhdTel: (012) 355 7729Email: maxtan@hartamas.com

Zenith ResidencesType: Condominium/serviced residence

Tenure: LeaseholdAsking price: RM730,000Built-up area: 1,024 sq ftBedroom(s): 3Bathroom(s): 2Description: Partly furnishedwith air conditioners, waterheaters, built-in kitchen cabinet,hob and cooker. Near Paradigm

Mall, Giant, post offi ce, LRTStation, hospital and school.Easy access to LDP, SPRINT Highway,NKVE and Federal Highway.Comes with three parking bays!

Agent/negotiator: Aaron Leeof Reapfield PropertiesTel: (012) 610 9993Email:  aaronlee@reapfield.com

Kelana MahkotaType: Condominium/serviced residenceTenure: LeaseholdAsking price: RM900,000Built-up area: 1,814 sq ftBedroom(s): 4Bathroom(s): 3Description: Fully furnished, duplexunit with pool view. Well kept, andcomes with three parking bays.Currently tenanted at RM3,290. Justfive minutes’ walk to Paradigm Mall.Agent/negotiator: Beatrice

Low of Twincrest PropertiesEmail: beatpro@gmail.comTel: (012) 328 4510

Kelana MahkotaType: Condominium/serviced residenceTenure: LeaseholdAsking price: RM760,000Built-up area: 1,352 sq ftBedroom(s): 3Bathroom(s): 2Description: Well-kept, renovatedunit with pool view, air conditionersand water heaters. Sereneenvironment. Kelana Mahkota iseasily accessible via LDP, NKVE,Federal Highway, DamansaraHighway and Sprint Highway.Amenities: Giant mall, KelanaSquare, Kelana Centre Point, GlomacTower, schools (SJK Kelana Jayaand SMK Kelana Jaya), KelanaJaya Medical Centre, LRT station.Sultan Abdul Aziz Shah (Subang)Airport is 15 minutes away.Agent/negotiator: EdmundLiao of Kim RealtyEmail: leongfuture@kimrealty.com.myTel: (012) 619 3102

Kelana PuteriType: Condominium/serviced residenceTenure: LeaseholdAsking price: RM450,000Built-up area: 1,055 sq ftBedroom(s): 3Bathroom(s): 2Description: High-floor, basic unitwith nice pool view. Comes withkitchen cabinets at both dry and wetkitchens, original parquet flooringin bedrooms replaced with tiles.Many amenities nearby: schools,post offi ce, food outlets, Giant andParadigm Mall, serviced apartments

and hotel, Parklane CommercialHub. One bus stop to Kelana JayaLRT station. Easily accessible viaLDP Highway and Jalan Subang.Comprehensive facilities within3-acre recreational space withswimming pools, tennis courts,BBQ pits, jogging track, playground,and 40,000 sq ft clubhouse (squash

courts, gym, mini market, cafeteria,launderette, multi-purpose hall).Agent/negotiator: YoongShiun Yan of Hartamas RealEstate (Malaysia) Sdn Bhd

Tel: (019) 288 2356Email: wsyyoong@yahoo.com

Tiara KelanaType: Condominium/serviced residenceTenure: LeaseholdAsking price: RM670,000Built-up area: 1,595 sq ftBedroom(s): 3Bathroom(s): 2

Description: Mid-floor corner unitwith pool view and one parkingbay. Spacious unit in a low-densitycondo development located in aquiet area near amenities (shops,banks, Giant and Paradigm Mall,schools, recreational park, busstop) and with easy access to LDP,Federal Highway and NKVE.Comprehensive facilities.Recently upgraded and accesscard system added at liftlobby for added security.Agent/negotiator: YoongShiun Yan of Hartamas RealEstate (Malaysia) Sdn BhdTel: (019) 288 2356Email: wsyyoong@yahoo.com

Dataran Prima CondominiumType: Condominium/serviced residenceTenure: FreeholdAsking price: RM720,000Built-up area: 1,458 sq ftBedroom(s): 3Bathroom(s): 2Agent/negotiator: Jennyof Oriental RealtyEmail:  jenny.ngai.yl@gmail.comTel: (012) 334 4303

Kelana D’PuteraType: Condominium/serviced residenceAsking price: RM488,000Built-up area: 1,148 sq ft

Bedroom(s): 3Bathroom(s): 2Description: Well-kept partlyfurnished unit with one parkingbay. Condo has full facilities, nearamenities and shopping mall.Convenient location. Value buy.Agent/negotiator: Shirley Ngof Metro Homes Sdn BhdTel: (012) 229 1688Email: shirleynsk@hotmail.com

Lily Rose ApartmentType: Condominium/serviced residenceTenure: FreeholdAsking price: RM380,000Built-up area: 944 sq ftBedroom(s): 3

Bathroom(s): 2Description: Renovated5th-floor unit comes withwardrobe, kitchen cabinet, airconditioners and water heater.Agent/negotiator: Jack Hehof Vivahomes RealtyTel: (012) 911 6580Email: jackheh@hotmail.com

Tiara KelanaType: Condominium/serviced residenceTenure: LeaseholdAsking rent: RM2,200

Built-up area: 1,595 sq ftBedroom(s): 4Bathroom(s): 3Description: Newly renovated unitlocated near amenities: hypermarts,restaurants, medical centre, school,golf club, petrol stations, clinic, PasarTani, colleges, etc. Easy access viaNKVE, LDP and Federal Highway.Walking distance to Paradigm Mall;10 minutes to Kelana Jaya LRTstation. Resort-style condo withlots of greenery. Available nowAgent/negotiator: AnthonyNg of Wang Lai RealtyTel: (019) 399 6628Email:  ng-sw@hotmail.com

Dataran Prima Condominium

Type: Condominium/serviced residenceAsking rent: RM2,200Built-up area: 1,407.00 sq ftBedroom(s): 3Bathroom(s): 2Description: Fully furnished unitwith 24-hour security, ample parkingspace, nice landscaping, swimmingpool, cafeteria and convenientamenities. Two minutes to LDP, fiveminutes to NKVE and Kelana JayaLRT, and 10 minutes to 1Utama,Tropicana City Mall and Giant KelanaMall. Wet market three minutes awayAgent/negotiator: Danielle Soh ofMetroworld Realty Sdn Bhd (Sunway)Email: daniellesoh.property@gmail.comTel: (016) 626 0908

Kelana SentralProperty Type: Condominium/serviced apartmentAsking rent: RM1,500Maintenance fee: RM161 per monthBuilt-up area: 644 sq ftBedroom(s): 1Bathroom(s): 1Description: Fully furnished mid-level unit with air conditionersand one parking bay.Agent/negotiator: TaqLatif of MIP PropertiesTel: (012) 613 1220Email: taqlatif@mipproperties.com.my

Eve SuitesType: Condominium/serviced residenceTenure: FreeholdAsking rent: RM1,800Built-up area: 680 sq ftBedroom(s): 1Bathroom(s): 1Description: Partly furnished studiounit with KLCC view. Two parking bays.New York-chic interior design concept.Link bridge to the LRT station(estimated completion 1Q2016).Agent/negotiator: Chan YCof VPC Petaling JayaEmail:  cckyew@hotmail.comTel: (019) 319 9291

Kelana D’ Putera

Type: Condominium/serviced residenceTenure: LeaseholdAsking price: RM2,000Built-up area: 1,250 sq ftBedroom(s): 3Bathroom(s): 2Description: Partly furnishedwith kitchen cabinets, built-in

wardrobe, fridge and waterheaters. Internet-ready.Agent/negotiator: Michael Choo ofHartamas Real Estate (M) Sdn BhdTel: (016) 225 5467

Email: michaelchoohartamas@gmail.com

Kelana MahkotaType: Condominium/serviced residenceAsking rent: Price RM2,000Built-up area: 1,360 sq ftBedroom(s): 3Bathroom(s): 2Description: Fully furnished unit ina resort-style condominium withinwalking distance of Paradigm Mall.Two parking bays. Excellent facilities:swimming pool, gymnasium,tennis, squash and badmintoncourts, convenience shop, cafeteria,BBQ area and others. Close toTropicana Mall, 1Utama, IKEA and

The Curve. The Kelana Jaya LRTStation five minutes away; access toLDP, NKVE and Federal Highway.Agent/negotiator: Beatricelow of Twincrest PropertiesTel: (012) 328 4510Email: beatpro@gmail.com

D’Aman CrimsonType: Condominium/serviced residenceAsking rent: RM1,500Built-up area: 1,100 sq ftBedroom(s): 3Bathroom(s): 2Description: Corner unit withwashing machine, fridge, airconditioners, dining table, kitchencabinet and two covered parkingbays. D’Aman Crimson is a high-density development locatedadjacent to Ara Damansara. SMKLembah Subang and SRK LembahSubang 1km away. Accessible viaLDP, Federal Highway and newelevated highway connecting JalanLapangan Terbang Subang to USJ.Upcoming LRT station nearby.Agent/negotiator: EdmundLiao of Kim RealtyTel: (012) 619 3102Email: leongfuture@kimrealty.com.my

Puncak Nusa KelanaType: Condominium/serviced residence

Tenure: LeaseholdAsking rent: RM2,600Built-up area: 1,327 sq ftBedroom(s): 3Bathroom(s): 3Agent/negotiator: Eric Ngof Twincrest PropertiesTel: (017) 208 7608Email: ericng_hacienda01@

 yahoo.com

Zenith ResidencesType: Condominium/serviced residenceTenure: LeaseholdAsking rent: RM2,200Built-up area: 990 sq ftBedroom(s): 2Bathroom(s): 2

Description: Renovated, partlyfurnished corner unit with plasterceiling. Two air conditioners,water heater. One parking bay.Agent/negotiator: CarmenYong of Reapfield Properties(Taman Sea) Sdn BhdTel: (012) 335 3338Email: carmenyong@reapfield.com

E P1 0 PR P R TYPROPERTY   | MA R KET WATC H

FOR SALE [in Kelana Jaya, Selangor] FOR RENT [in Kelana Jaya, Selangor]

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IDAY  JULY 10, 2015 • T HEEDGE F INANCIAL DAILY EP13

 The Edge Affordable Urban Housing Excellence Award 2015 is an exercise to recognise outstandingaffordable housing projects for the urban middle-income group undertaken wholly by privatesector property developers in Malaysia.

 Affordable Urban Housing Excellence Award 2015

ELIGIBILITY• The Edge Affordable Housing Excellence Awards 2015 is open to all Malaysian propertydevelopers in the private sector only, listed and non-listed, with affordable housing projectsin Malaysia.

• The property developer must be a company limited by shares incorporated under the

Companies Act, 1965.

ELIGIBILITY• The Edge-PEPS Value Creation Excellence Award 2015 is open to all Malaysian developers,listed and non-listed, with property projects in Malaysia.

The Edge-PEPS Value Creation Excellence Award 2015 is an exercise to measure the capitalappreciation of properties between the property developers’ selling price and the subsequent resaleprice in secondary transactions.The award is divided into two categories:• residential; and• commercial.Awards will be given to the property developer whose properties have the highest capitalappreciation in the respective categories.This exercise aims to help consumers discover which properties have the greatest value creationin terms of capital appreciation and to recognise the property developer whose properties haveachieved the highest value creation.

-PEPS Value Creation Excellence Award 2015

 The Edge-PAM Green Excellence Award 2015 is an exercise to recognise property developments that

demonstrate sustainable design that is innovative and outstanding while contributing positively tothe community.

-PAM Green Excellence Award 2015

ELIGIBILITY• The Edge-PAM Green Excellence Award 2015 is open to all Malaysian property developers,listed and non-listed, as well as all corporate members of Malaysian Institute of Architects(Pertubuhan Akitek Malaysia, PAM).

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FRIDAY  JULY 10, 2015 • T HE EDGE F INANCIAL DAILYEP16

Grand Prize Voucher for a

Mah Sing Dream Home

To enter, log on to www.theedgeproperty.com

 WIN

R 1,000,000

BROUGHT TO YOU BY

For more details, kindly contact +603-9232 6776 or millionairecontest@bizedge.com 

Open to Malaysians, Malaysian permanent residents,

Singaporeans and Singaporean permanent residents aged 21 years and above.

CONTEST ENDS ON JULY 31, 2015

Terms and conditions apply

GRAND FINALE CHALLENGE

21 finalists will battle it out on August 22, 20151 Grand Prize + 20 Consolation Prizes

    D  o   n    ’   t    m

    i  s  s    t    h    i

  s 

  g   o    l   d

  e   n   o   p   p  o

   r   t   u   n    i   t   y