iproperty.com issue 95 january

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 [email protected].

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

DeSiGNerSIRENE LIM | JASON KWONG | WING WONG

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CaMpaiGN SpeCiaLiStSITI SARAH ABU SAMADMaGaZiNe COOrDiNatOrNURULHIDAYAH ABD RAHMAN

aGent aDVertisinGMaNaGer, aGeNt SaLeSLEON KONGMaNaGer, aGeNt MarKetiNGERNEST BERNARD TOWLEaGeNt COMMuNiCatiONS SpeCiaLiStANGELA SARGUNAN

MarKetinGCONSuMer MarKetiNG SpeCiaLiStLYDIA CHEW

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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“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 : [email protected] >> WeBsite : www.shaliniganendra.com

1 Bibi Chew, HomeGrown I, 8in x 16in, Mixed Media2 Jasmine Kok, Seed, Marble

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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

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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

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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

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• 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 [email protected] 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: [email protected] | 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 [email protected].

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 [email protected].

76 |

ADVERTORIAL | nobilia

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In terms of creativity, horizontal lines are

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Nobilia is exclusively distributed by

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kindly contact (6012) 388 4159.

Please visit iProperty.com.my for more home services listings now.

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

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WNM EShop.com Sdn BhdWebsite: www.wnmeshop.comTel: 603-2144 2288

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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

Interior DesignB&N Design Associate Sdn BhdWebsite: www.bnndesign.comTel: 603-4142 6344

Structure Rhythm Sdn BhdWebsite: structurerhythm.blogspot.comTel: 603-9205 6209

Oceana Ventures Sdn BhdWebsite: www.oceanaventures.comTel: 603-7877 0048

KitchensArtset Design Sdn BhdTel: 603-6156 3763

Signature Kitchen Cabinet Sdn BhdWebsite: www.signaturekitchen.com.myTel: 603-6286 7000

Fiamma Sdn BhdWebsite: www.fiamma.com.myTel: 603-6279 8888

Local MoversAlied MoversWebsite: www.aliedmovers.comTel: 603- 6259 3470

Pest ControlAntipest Management Services Sdn BhdWebsite: www.antipest.com.myTel: 603-8023 1888

Security SystemsSensorlink Sdn BhdWebsite: www.centrixsecurity.comTel: 603-7983 7270

ADT Services (M) Sdn BhdWebsite: www.adt.myTel: 1300-88-0228

Solar Water HeaterSolarMate Sdn BhdWebsite: www.solarmate.com.myTel: 603-5569 1688

Monier Sdn BhdWebsite: www.monier.com.myTel: 1800-88-0865

Window, Curtains & BlindsHunter Douglas Window Fashions Malaysia Sdn BhdWebsite:www.hunterdouglas.com.myTel: 603-5191 2020

Water PurifiersNesh Marketing Sdn BhdWebsite: www.nesh.com.myTel: 603-8060 3668

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


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


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


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


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


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


Tenure: Freehold


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




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


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


Tenure: Freehold

Land Area: 17,387.6 sqm


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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90 |

NC12

56 Project Name: Taman Laguna

Location: Jalan Sri Laguna, Johor Bahru, Johor



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


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



Tenure: Leasehold

Land Area: 69,497 sq ft



Status: Completed with CFO

Developer: Paradise Realty Sdn Bhd (466603-U)

Phone: (607) 334 7378

Fax: (607) 334 7379

Website: www.bayuputerimarina.com

Email: [email protected]

Project Name: Fragonard Garden

Location: Balik Pulau, Penang



Tenure: Freehold

Land Area: 1,200 – 2,600 sq ft


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


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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