Building & Investment May - June 2022

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How Property Developers Respond to the Soaring Building Material Cost?

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NEWS & EVENTS

Chiefway Malaysia Unveils Malaysia’s First Smart Glass Manufacturing Plant Malaysia's leading smart glass manufacturer, Chiefway has unveiled Malaysia’s first smart glass manufacturing plant. This unveiling comes on the heels of increasing product demand as the popularity of smart homes and eco-friendly developments continue to grow.

The new plant will substantially increase Malaysia’s capacity to penetrate and compete in the highly lucrative and blossoming smart glass market which is estimated to grow at a CAGR of 17.5% over the next 9 years, leading to a market value of US$ 18.3 billion by 2031. The current local and regional smart glass markets are largely dominated by China and other North Asian countries, however, this new plant is thought to be an important first step in establishing Malaysia in the market enabling smart glass to be developed and manufactured locally.

“We see the launch of our new manufacturing plant as a crucial step towards our ambitions of establishing Malaysia as a regional force within this new and booming smart glass market,” says Jeffrey Chong the CEO and Founder of Chiefway Malaysia.

“This is not only an opportunity to bring more jobs to the area, but it also allows us to further expand our manufacturing capabilities and meet the growing needs of the Malaysia market and eventually the region. Our own manufacturing plant allows us to better align our services and products with our customer's demands in a rapidly changing green technology-driven landscape” The new manufacturing plant located in Shah Alam, Malaysia is 8,000 sq. ft in size and features high tech manufacturing devices and patented tools to help develop Chiefway’s unique smart glass formulation. The plant can produce 2,000 meters2 of smart glass every month allowing Chiefway to meet 70% of the local demand for smart glass.

To help amplify the rollout of smart glass products and projects, Chiefway Malaysia signed a Memorandum of Understanding (MOU) with dormakaba Malaysia and Datsen Malaysia. dormakaba is a Switzerland-based global security group focused on providing products and services for secure access to buildings and rooms from a single source. The brand has a presence in over 50 markets globally and is looking to solidify its foothold in the local market. Datsen Malaysia is a specialist in the awning, skylight and steel structures and aluminium composite panels. The collaboration looks to enhance its services within the Malaysian market whilst also creating pathways for Chiefway to further penetrate global markets.

Chiefway Malaysia smart glass is developed using advanced technology glass production processes, with optimum quality and patented methodologies. Smart glass utilises a high-tech filter layer embedded between two sheets of glass allowing a traditionally static material to become alive and multifunctional.

This technology allows for the control of various forms of light including visible light, UV, and IR. Privacy glass products are based on technologies that allow transparent materials (like glass or polycarbonate) to switch, from clear to shaded or completely opaque.

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From Left: Ms Christine Tan, dormakaba’s Country Manager for Malaysia & Brunei, Mr Jeffrey Chong, Founder & CEO of Chiefway Malaysia, Mr Johnson Chew, Managing Director of Datsen Malaysia Sdn Bhd. Memorandum of Understanding (MOU) ceremony between Chiefway Malaysia with dormakaba Malaysia Sdn Bhd and Datsen Malaysia Sdn Bhd.

These solutions have functionality from a privacy front allowing for adjustable levels of privacy. On top of that, smart glass also provides environmental and eco-friendly benefits by allowing users to control the amount of direct sunlight entering a room indirectly controlling room temperature. Unlike ordinary glass, smart glasses feature outstanding built-in optical features that block and deflect approximately 99.5% of dangerous solar radiation without even needing to be activated. This not only protects people but also furniture, which fades and deteriorates quickly due to extended exposure to the damaging UV radiation.

Chiefway offers a wide range of smart glass products to meet a variety of users' purposes. Some of the product ranges include hollow glass, brilliant colour glass, fire-rated glass, one-way glass, double-glazed glass and pattern blinds smart glass. Chiefway Malaysia also offers the high temperature of PDLC film and high visible light transparency that allows> 90% transmittance.

With a new company tagline “We are an Innovative & Intelligent Smart Glass Manufacturer in Malaysia. We are not here to manufacture, but we are also Solution Maker too”, Chiefway Malaysia also unveiled a new logo for the company to reflect the company’s bold and aggressive direction moving forward as one of the solution makers in this industry. Riding off the momentum of this launch Chiefway Malaysia is set to venture into the consumer and retail market, offering smart glass solutions including windows, doors, skylights and awnings.

As an expert leader with more than 10 years of experience in this industry, Chiefway Malaysia specifically founded in 2018 has won several awards such as SME100 Awards also 2021 Asia’s Best Choice Awards in Honesty Products Awards and Honesty Enterprise Awards. Since then, some of Chiefway’s clients have gone strong including the Ministry of Defence (MINDEF), Bank of China, Sarawak Energy, Sime Darby, Honda and Astro.

IJM officiates record-setting tollway in India IJM Corporation Berhad (“IJM” of “the Group”) has achieved another milestone with the highly anticipated opening of the Solapur-Bijapur tollway built by its Indian arm, IJM (India) Infrastructure Limited (“IJM India”). India’s Honourable Union Minister for Road Transport and Highways, Shri Nitin Gadkari inaugurated the fourlane 110 km tollway at a ceremony in Solapur, Maharashtra state.

The National Highway Authority of India (NHAI) awarded a 20-year concession contract to IJM India to develop the Solapur-Bijapur section of the new National Highway 52 between the states of Maharashtra and Karnataka.

At RM1.5 billion (INR 2,325 crores), the four-lane, 110 km tollway was the largest Indian project undertaken by IJM in value and one of the largest contracts awarded by NHAI on a design, build, finance, operate and transfer (DBFOT) basis. The project involved the rehabilitation, upgrading and widening of the existing two-lane carriageway to four-lane standards with bypasses and the construction of flyovers, bridges, road intersections, railway overbridges as well as the operation and maintenance of two toll plazas.

Provisional commercial operations and tolling commenced in December 2021.

The construction of the tollway began in November 2018 and was provisionally completed in 38 months. In spite of the challenges posed by the Covid-19 pandemic such as movement restriction orders, incorporating more stringent standard operating procedures on health and safety and supply chain disruptions, the project was successfully completed ahead of schedule. To date, actual traffic volume and revenue are in line with projection, and the project has generated positive operational cash flows since tolling commenced.

Connecting southern and northern India via the Solapur - Bijapur stretch with bypasses and six flyovers, the tollway enables greater convenience on the road resulting in reduced travel time, cost of travel and increased ride quality for the high-density commercial vehicle corridor between the major Indian cities of Bangalore (Karnataka State) and Gwalior

IJM India’s record-setting Solapur-Bijapur Tollway aims to strengthen the road network in the states of Maharashtra and Karnataka.

(Madhya Pradesh State).

“I would like to congratulate our IJM India team and thank them for their round-the-clock dedication in completing the project. The accomplishments and timely completion of this project reaffirms our capabilities and track record as a builder of choice and high-performance concessionaire,” said Mr Liew Hau Seng, CEO & Managing Director of IJM Corporation Berhad.

“Apart from providing earnings visibility and serving as a long-term growth driver that the completion of the Solapur-Bijapur tollway accords the Group, we are proud to have played a role in expediting the improvement of infrastructure in the states of Maharashtra and Karnataka. Efficient and convenient toll highways are essential to complement any government’s efforts to improve its country’s infrastructure development.

With a stable of prominent projects completed in India in recent years, IJM India has emerged as a premier DBFOT specialist and have set standards for road construction in the country’s infrastructure sector,” Mr Liew added.

In February 2021, IJM India set a national record of laying bituminous concrete on 25.54 lane kilometers in a short span of 18 hours for the SolapurBijapur highway. This is the first time in the history of NHAI projects that such a feat has been attempted and achieved by any construction company in India.

This achievement has gained entry into the Limca Book of Records 2020-2022

India’s Honourable Union Minister for Road Transport and Highways, Shri Nitin Gadkari inaugurated 10 National Highway projects, including IJM India’s Solapur-Bijapur Tollway in Solapur, Maharashtra, India.

(India’s version of the Guinness Book of World Records) and Asia Book of Records. This year, IJM India was awarded the Achievement Award for the Best Professionally Managed Company in Construction and the Achievement Award for Best Project for the Solapur-Bijapur road project by the Construction Industry Development Council (CIDC) of India at the 13th CIDC Vishwakarma Awards.

IJM India currently operates three tolled highways in India — the 110 km Solapur-Bijapur tollway, 68 km Chilkaluripet-Vijayawada tollway and 19.8 km Dewas Bypass tollway. Since 1998, IJM India has delivered several major road projects totalling more than 1,500 route kilometres along with 20 km of urban rail projects as well as 20.20 million square feet of prime residential and commercial development in India.

May-June 2022 | www.b-i.biz 7

NEWS & EVENTS

KSK LAND BAGS TWO WINS AT MALAYSIA TECHNOLOGY EXCELLENCE AWARDS 2022 The 8 Conlay resident service app and AI-driven dynamic pricing engine by KSK Land has earned Malaysia’s leading lifestyle property and design company its winning spots in two (2) categories under Real Estate: Artificial Intelligence (AI) and; Property Technology, at the recent Malaysia Technology Excellence Awards 2022.

Lauded for their capability to provide seamless and data-driven experiences to property buyers and owners, these award-winning innovations are powered by KSK Land’s proptech arm, KSK City Labs.

The Malaysia Technology Excellence Awards by Singapore Business Review magazine, now in its fourth year, seeks out and crowns the most outstanding companies in pushing the boundaries of technology innovation.

Celebrating this award-winning milestone, Joanne Kua, Group CEO and Managing Director of KSK Land said: As we navigate the fluid business environment and accelerated shifts in consumer behaviour, our business and people need to be more and more dynamic as we are subject to continual, if not continuous, change.

In the current fast-paced lifestyle, we are always striving to meet the growing demand of our homeowners to provide seamless solutions as part of a high-quality lifestyle. Understanding this need, we have committed to design our solutions in-house as we can leverage the right kind of data with the right skill sets,” “These innovations are part of our greater pursuit of placemaking and the creation of a vibrant and sustainable lifestyle property ecosystem that covers the entire lifecycle from the earliest stage of design and construction to purchase then property management.”

8 CONLAY RESIDENT SERVICE APP The 8 Conlay mobile app represents the inception of KSK Land’s vision to develop and operate smart buildings and, eventually, at the frontier of smart cities innovation. The app provides the homeowners and residents of YOO8 Branded Residences a suite of residential services and lifestyle features, which enable them to track their unit’s construction progress, manage their home remotely, access to luxury lifestyle services and community events, from the palm of their hand.

The app offers a seamless and hassle-free experience which elevates the entire homeowner journey from purchase to residency to property management. This is made possible by some of the most unique features available including isometric unit-level construction progress updates, in-app remote lift calling through the first-in-Malaysia partnership with KONE, first-ofits-kind tenant management where homeowner has full control over access into their homes, IoT smart home control enabled by integration with Lutron.

More new and exciting features will be introduced down the line, including cardless residential access, a chat function that connects YOO8 residents directly to Kempinski’s Lady-in-Red for access to the hotel’s hallmark services such as butler on call, private chef service, housekeeping, residential provisioning, tailoring and more.

8 May-June 2022 | www.b-i.biz

Krystine Kua, Co-Founder & Head of KSK City Labs (centre) with her team from KSK City Labs celebrating their win at Malaysia Technology Excellence Awards 2022.

AI-DRIVEN DYNAMIC PRICING ENGINE As every unit with a development comes with its unique specifications and market conditions are ever-changing, home pricing requires an accurate, efficient and evolving solution. By harnessing the power of data, KSK Land’s AI-driven dynamic pricing engine enables the capability of intelligently pricing units daily, which ensures customers receive fair and accurate prices for their homes while at the same time, allows developers to secure and improve the financial health of their projects.

In addition, through its first-in-Malaysia partnership with Delve by Google, a generative design product that helps real estate teams to design better and faster with less risk, KSK Land can now customise the pricing of its units based on wellnessdriven, quality-of-life variables, such sunlight exposure hours, wellness grade and many more.

With this web app, sales personnel can now customise their proposals for customers based on their unit-related specs needs while receiving rebate recommendations for every proposal made, all in a single platform.

Representing KSK Land in receiving the awards, Krystine Kua, Co-Founder & Head of KSK City Labs said, “At KSK, one of our core values is to be a trailblazer and as part of this, we emphasise a culture of challenging the status quo and therefore, we work to design and develop tech solutions that will enable our homeowners and members of the community not only to wield convenience in the palm of their hand but access a fully elevated lifestyle experience. ” 8 Conlay is an integrated mixed-use development in the heart of the city comprising the first Kempinski Hotel in Malaysia, YOO8 branded residences serviced by Kempinski and lifestyle retail quarters. The project is expecting the delivery of vacant possession of its first tower (“Tower A”) by the end of 2022, whilst the topping out of Tower B is expected by mid-May 2022.

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May-June 2022 | www.b-i.biz 9

NEWS & EVENTS

Assana Serviced Suites at Tropicana Cenang Langkawi.

TROPICANA Partners with HostAStay for hasslefree property returns Tropicana Corporation Berhad (“Tropicana”) has appointed the No 1 Short Stay Management Company in Malaysia – HostAStay Sdn Bhd (“HostAStay”) as its tenancy management service provider for TwinPines Serviced Suites in Tropicana Grandhill, Genting Highlands and Assana Serviced Suites in Tropicana Cenang, Langkawi. This collaboration synergises Tropicana’s highvalue property portfolio in key tourism hotspots with HostAStay’s established track record for excellence in the short-term accommodation segment. The initiative is also set to drive hasslefree returns for Tropicana purchasers and homeowners.

In addition, the move leverages on HostAStay’s exclusive partnership with Tujia, China’s largest homestay operator with over 1.4 million homes listed online. With a 100% year-on-year booking commitment to HostAStay, Tujia’s participation ensures steady footfall to properties under the platform’s purview, maximising rental growth as international borders reopen.

Joanne Lee, Tropicana’s Managing Director of Marketing & Sales division expressed her appreciation for the strategic partnership during the signing of Memorandum of Understanding (“MoU”) between the two at the Tropicana Experiential Hall, Tropicana Gardens Office Tower in Kota Damansara.

“Throughout the years, Tropicana has built a reputation as one of the leading developers in Malaysia, Redefining the Art of Living through our unique development DNA as well as smart partnerships with many reputable corporations. Our strategic collaboration aims to bring value to homeowners and residents at Tropicana Grandhill and Tropicana Cenang. With HostAStay as a partner, we will deliver technology-enabled dynamic pricing for maximised rental returns, round-the-clock concierge, cleaning and maintenance services, and much more. These features will further enhance guest and resident satisfaction, facilitating value appreciation in the long-term,” she said.

“As a globetrotter and believer in Humanising Technology, I foresee a worldwide rise in homestay and tourism arrivals as pent-up demand reasserts itself. HostAStay is well-positioned to cater for this demand, with comprehensive solutions and application programming interface (“API”) integration with major players such as Airbnb, Agoda, Booking.com, Expedia, Ctrip, Tiket. com and Traveloka.

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Joanne Lee, Tropicana’s Managing Director of Marketing & Sales (right) inked the MoU with Jordan Oon, Founder and CEO of HostAStay (left)

Focused on responsible tourism, we aim to drive Southeast Asia’s tourism landscape forward through partnerships with renowned developers like Tropicana. Our booking data shows the potential of quality projects such as Tropicana Grandhill and Tropicana Cenang, strategically located in regional tourism hotspots with world-class amenities, distinctive interior design, and well-planned layouts driving demand,” said Jordan Oon, Founder and CEO of HostAStay.

Situated 3,000 feet above sea level, Tropicana Grandhill comprises 112 acres of holistic, health-centric resort living, with proximity to the established pull factors of Genting Highlands. TwinPines Serviced Suites offers elevated lifestyles in keeping with Tropicana Grandhill’s luxurious outlook, featuring 1,443 serviced suites with built-ups from 379 sq ft to 1,330 sq ft in studio to four-bedroom layouts catering for diverse accommodation profiles.

Meanwhile, the 5.3 acres Tropicana Cenang is strategically located on Pantai Cenang, Langkawi’s most vibrant beachfront, benefiting from the island’s recognition as a UNESCO Global Geopark. Here, Assana Serviced Suites offers 831 seafront homes with built-ups from 380 sq ft to 1,310 sq ft, showcasing lavish views of the hotspot’s warm white sands and crystal-clear waters.

Western Digital - Asia’s First World Economic Forum Sustainability Lighthouse The World Economic Forum has recognised and awarded Western Digital’s factory at Batu Kawan, Penang, as a Sustainability Lighthouse. By leveraging its vertically integrated smart factory model and implementing 4IR technologies such as IoT sensors, digital twin modeling, analytics powered plant management system and lights-out automation with machine learning, the site achieved a normalized (per unit) reduction in energy by 41 percent, water consumption by 45 percent and material waste by 16 percent, while growing 43 percent (Compound Annual Growth Rate) in the last four years.

This is the first World Economic Forum Sustainability Lighthouse in Asia, and an added designation on top of the site’s earlier entrance into the Forum’s Global Lighthouse Network, a community of 103 world-leading manufacturing facilities and value chains using Fourth Industrial Revolution (4IR) technologies to increase operational performance and environmental sustainability.

“As the world grapples with many challenges, it is remarkable to see how Lighthouses are yielding sustainability benefits while achieving business goals, which we call eco-efficiency.

We need them to continue illuminating the way forward for the global manufacturing community by shaping a responsible future of manufacturing that works for people, society and the environment” said Francisco Betti, Head of Shaping the Future of Advanced Manufacturing and Value Chains, World Economic Forum.

Enno de Boer, Partner, McKinsey & Company and Global Lead of its digital manufacturing work, said, “In the face of geopolitical challenges, supply chain resilience and responsible manufacturing matters now more than ever. The 103 lighthouses show how digital technologies drive value chain resilience, growth, and environmental and people sustainability. In the past, sustainability and resilience have often come at the cost of efficiency, but that is no longer true. Companies now have a digital playbook and tech tools at their disposal to make their operations more flexible, more agile and more sustainable.

With these tools, they can amplify human capability, achieve sustainability breakthroughs and accelerate technological innovation—the recipe for smart manufacturing.”

“Western Digital recognizes the importance and increasing urgency for a collaborative and united effort to combat climate change, and we are committed to drive sustainability efforts where we operate. This recognition as World Economic Forum’s first Sustainability Lighthouse in Asia is a great testimony to the ESG initiatives that we have implemented through adoption of 4IR technologies at our Batu Kawan Penang site, and we will continue to focus and drive momentum in this aspect,” said Mr. KL Bock, Senior Vice President of Global Flash Back-End Operations Western Digital.

In line with the company’s sustainability goals, Western Digital Batu Kawan site has implemented various strategies such as the Lights-Out manufacturing concept, which transforms entire manufacturing systems with the use of advanced 4IR technologies. This concept creates an environment where manufacturing processes can operate more efficiently without the lights on, allowing the site to reduce energy consumed per unit produced. The site is equipped with an advanced Building Monitoring System (BMS) that is integrated with a proprietary optimizing model to effectively manage the use of energy throughout the facility.

Western Digital Batu Kawan also focused on preserving water and recycling wastewater generated from its operations via a multi-layer recycling system with the use of algorithm-based control models. This enables wastewater to be tested in real-time and converted to re-usable water for operations, reducing the water consumed per unit produced.

Renewable energy is another key area for Western Digital Batu Kawan. The facility’s second building was designed and constructed with a roof-top solar farm that generates 1MW/Hr solar energy to supplement the overall energy requirement for the site. These concerted efforts also enabled the site to achieve the Malaysia Green Building Index (GBI) certification.

May-June 2022 | www.b-i.biz 11

NEWS & EVENTS

Artist impression of Klippa.

Ikano Centres Unveils ‘Klippa’ As Official Name for its Batu Kawan Mixed-Use Development in Penang Ikano Centres today officially unveils ‘Klippa’ as the name of its retail destination and mixed-use development, which aims to be the cultural heart and hub for the growing Batu Kawan township.

Ikano Centres is part of Ikano Retail, which owns IKEA stores in five countries as well as shopping centres that are anchored by IKEA. This is Ikano Centres’ first northern region presence.

Conveniently located with direct access to the Second Penang Bridge and seamless connection to IKEA, Klippa will offer a unique retail experience with an integrated shopping centre spanning 1.6 million sq ft of Gross Leasable Area (GLA) and housing over 300 brands. Ikano Centres is also exploring additional commercial and residential opportunities to add to its meeting place, which will be developed in a phased approach to meet Batu Kawan’s growing community of students, families, and professionals at the neighbouring Batu Kawan Industrial Park (BKIP).

The first phase of Klippa was launched in December 2019 complementing a great day out at IKEA Batu Kawan with 20 brands over 80,000 sq ft of GLA. Next, a unique F&B drivethru was introduced in November 2021. Its first tenant was a McDonald’s drive-thru providing more dining options for the community. Klippa also intends to drive the local arts and culture scene in line with Penang State Government’s vision to bring arts and culture to Batu Kawan and fulfil the synonymity of Penang with street art.

Adrian Mirea, Shopping Centre and Mixed-Use Director at Ikano Centres said, “As we continue to strengthen our presence in Malaysia, we want to introduce the Ikano Centres retail experience to communities in the northern region to mirror the success of our meeting places in central and southern Malaysia.

Klippa means rock or friend in Swedish, and is the perfect word play to describe Batu Kawan. With Klippa, we aim to be the rock in this growing community and to transform Batu Kawan into a successful commercial and leisure hub in Penang. The emphasis of this meeting place development is to provide visitors in the region 12 May-June 2022 | www.b-i.biz

a holistic customer experience, enhanced with convenience for all their shopping, dining, entertainment and leisure needs. In addition, Klippa will also create 5,000 job opportunities for locals to uplift the social-economic well-being of Penangites.

Arnoud Bakker, Commercial Director at Ikano Centres said, “We look forward to welcoming more partners that share the same community-spirit, to further build a retail destination that Malaysians and tourists will want to visit. Since its opening, the first phase of Klippa has enjoyed a 98% lease rate, with established tenants such as IKEA, Harvey Norman and McDonald’s who have given us the motivation to continue developing and creating spaces for our communities. As we grow, we will continue to evaluate the needs of our customers in North Malaysia and design our Klippa meeting place accordingly.”

Bakker added, “We are also working closely in collaboration with Aspen Vision City (AVC) and our partners at the neighbouring Batu Kawan Industrial Park to position Klippa as the place where people can live, work and create memories together.”

Klippa will have the right combination of tenants to serve the different needs of its targeted consumers. In addition to the list of key tenants in operation, Klippa will soon host new openings of essential offerings and food and beverages with brands such as TMG Plus Supermarket, Mr DIY, Mr TOY, KFC, Tealive drivethru, A&W drive-thru, Coffee Bean & Tea Leaf, Kenny Rogers, Zus Coffee, Chicago Chicken City and a petrol station with an integrated drive-thru Starbucks.

As part of its name reveal week, Klippa will be organising the latest edition of its artisan Creative Spark bazaar, partnering with EKHA to organise a series of upcycling workshops. At the same time, in conjunction with the relocation of the Penang Container Art Festival graffiti artwork to Batu Kawan, Klippa will be hosting a fun run called “Klippa Art Run” this 31 July 2022 and interested participants can register online from 17 May onwards at https://bit.ly/KlippaArtRun2022.

Tropicana plans to launch RM2.9 Billion Worth Of properties In a filing to Bursa Malaysia, property developer Tropicana Corporation Berhad (“Tropicana” or “The Group”) announced its unaudited financial results for the first quarter ended 31 March 2022 (“Q1 FY2022”). The Group posted revenue of RM223.3 million (Q1 2021: RM240.5 million) which was RM17.2 million or 7.2% lower compared to the corresponding quarter in the preceding year. The higher revenue in 2021 was buoyed by pentup demand and the beneficial Home Ownership Campaign (“HOC”) that ran until 31 December 2021.

Dion Tan, Group Managing Director of Tropicana emphasised that the Group’s aggressive sales and partnership campaign as well as gradual economic recovery will help spur the growth of the Group.

“We performed well in 2021 but noticed a slower pace in Q1 2022.

Nonetheless, we continue to strive forward and rolled out various campaigns such as the “Multi-Million Mania Campaign” which offers millions of ringgit worth of prizes and vouchers for home seekers and shoppers at our mall, as well as a grand prize of an Edelweiss SOFO unit at Tropicana Gardens. To add more push factor, we also unveiled “Tropicana Power Up Campaign” from 01 March 2022 to 30 June 2022 which offers down payment assistance, free stamp duties for loan agreements and memorandums of transfers, double referral rewards, and bonuses on sale and purchase agreement signings.”

“To accelerate our growth, we also plan to launch up to RM2.9 billion worth of properties in 2022. We believe these campaigns will be timely and appeal to the property seekers following the opening of international borders. We will continue to innovate our projects, as we adapt to the market sentiment while staying true to our Tropicana development DNA.” he summarised.

The Group recorded loss before tax (“LBT”) of RM35.5 million which was lower

by RM54.8 million when compared to the corresponding quarter in the preceding year. Despite posting good progress for its property sales and development segment,

Tropicana’s first foray into Genting Highlands with the introduction of the holistic Tropicana WindCity features 3 unique townships.

the Group’s weak performance was attributed to its hotel business which has not fully recovered.

Although the industry remains challenging in the short term, the Group believes that there will still be demand for properties in prime locations in Tropicana’s established, matured, and developing townships, with attractive pricing and innovative ownership packages and offerings. Therefore, the Group will continue to focus on being market-driven in its product offerings whilst continuing to unlock the value of its land bank, at strategic locations across the Klang Valley, Genting Highlands, Northern and Southern Regions such as: 1. Gemala Residences, Tropicana Aman @ Kota Kemuning; 2. Edela Residences & Square, Tropicana Heights @ Kajang;

3. SouthPlace 2 Residences & Shoppes, Tropicana Metropark @ Subang; 4. Tropicana WindCity, Genting Highlands @ Pahang; 5. Merissa Villas, Tropicana Cenang @ Langkawi; 6. Aster Heights, Tropicana Uplands @ Johor; 7. Tropicana Industrial Park, Iskandar Malaysia @ Johor.

Tropicana’s unbilled sales stood at RM1.5 billion backed by its unique residential, commercial and resort-themed developments. Overall, Tropicana’s total landbank spans 2,452 acres, with a total potential GDV of approximately RM152.2 billion, placing the Group in a good position to unlock the value of its strategic landbank and deliver sustainable performance in the next few years.

May-June 2022 | www.b-i.biz 13

NEWS & EVENTS

Picture source: letsbuild.com

Germany’s construction industry output expected to grow 1.9% in 2022 despite shortage in construction materials and escalating costs, says GlobalData Supported by investments on transport infrastructure projects, in line with the German government’s focus on improving regional connectivity, the country’s construction industry is expected to regain growth momentum and expand by 1.9% this year. Despite the rising costs, the industry recorded a good start in 2022, with construction value expanding by 2.2% year-on-year (YoY) in the first quarter, observes GlobalData, a leading data and analytics company.

Danny Richards, Lead Economist at GlobalData, comments: “Following the growth in 2022, the German construction industry is expected to register an annual average growth of 1.8% from 2023 to 2026, supported by the government’s investment on infrastructure, residential and renewable energy projects.

However, the short-term outlook is subject to downside risk amid the fall-out from Russia’s invasion of Ukraine, which has weighed on investor confidence and further elevated energy and construction material prices.”

GlobalData’s latest report, ‘Germany Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026,’ reveals that the German government had revised its inflation forecast from 3.3% to 6.1% this year.

Following Russia’s invasion of Ukraine, inflation rose to its highest level in 40 years in March 2022 as prices of natural gas and oil products surged. To help consumers cope with soaring energy costs and help Germany reduce its dependence on Russian gas, the government announced relief measures worth EUR16 billion ($19.1 billion) in March 2022.

Richards continues: “Despite the high material prices, the industry is expected to post growth in 2022 owing to significant planned investments, including most notably in the transportation and energy and utilities segments, in contrast to the contraction seen last year.

“The appointment of the Scholz government in December 2021 is also expected to facilitate growth in the industry, with their priorities including extending rent control policies, building 400,000 new apartments every year – including 100,000 social housing units – expanding renewable energy generation, 14 May-June 2022 | www.b-i.biz

Picture source: letsbuild.com

strengthening public transport networks, and hiking the minimum hourly wage from under EUR10 ($12.2) currently to EUR12 ($14.6).”

In April 2022, the Federal Ministry for Economy and Climate Protection presented the coalition government’s ‘Easter Package’ for renewable energy, which revises various energy laws to expedite the expansion of renewable energy sources.

Forecast-period growth in the German construction industry will also be supported by investments on oil and gas projects, in line with the government’s plan to reduce its dependence on Russian imports.

As well as this, by 2030, Germany aims to nearly double the share of renewables in its total electricity consumption from 41.1% in 2020 to 80% by 2030. To achieve this target, onshore wind installations are targeted to rise by an average of 10GW per year, to reach a cumulative capacity of 115GW by the end of 2030, while the solar capacity is expected to rise by an average of 22GW per annum, to reach a cumulative capacity of 215GW by that year.

In May 2022, Germany’s federal cabinet gave an approval to draft a legislation for accelerating the construction of import terminals for Liquefied Natural Gas (LNG). The law will be applicable for floating and land-based LNG import terminals.

Underwriters Laboratories Inc.

May-June 2022 | www.b-i.biz 15

ONE ON ONE

MR. YAW SENG HENG Group Managing Director, Nippon Paint Malaysia Group.

16 May-June 2022 | www.b-i.biz

A TALK WITH MR YAW SENG HENG Group Managing Director of Nippon Paint Malaysia Group

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r. Yaw Seng Heng spearheaded Nippon Paint Malaysia Group to the top paints & coatings provider in Malaysia. He is widely known for his reputation in challenging the technological boundaries and “business as usual” practices within the paints market. His leadership in business practices and innovation won Nippon Paint several prestigious awards from Frost & Sullivan, Putra Brand Award and Readers’ Digest Trusted Brand Award.

His 37 years of vast experience has seen him establishing Nippon Paint’s manufacturing facilities in Pakistan (2006) and Bangladesh (2011). In 2014, he spearheaded the Nippon Paint Malaysia in assuming the control of Nippon Paint’s decorative companies in The Philippines and Thailand. In 2015, Mr. Yaw and his dedicated team of talents from Malaysia supported and propelled Nippon Paint’s decorative businesses in Indonesia with the implementation of the SAP ERP system and driving the business growth by focusing on tinting machines, strengthening distribution channels and churning our innovative products for the Indonesian market.

Mr. Yaw is widely known as the “systems architect” as he was instrumental in implementing the ISO 9001 Quality Management System, ISO 14001 Environmental Management System and the ISO 45001 Occupational Health and Safety Management System.

He played a pivotal role when the Group decided to implement the SAP ERP system. Not only did he led the team towards the successful implementation of this system which saw a significant increase in productivity and efficiency, he went on to develop Nippon Paint Malaysia’s inaugural digital ecosystem called “CONNECT”.

B&I: Can you give us a brief overview of Nippon Paint?

Mr. Yaw Seng Heng: Nippon Paint (M) Sdn. Bhd. (NPM) is a market leader in the coatings industry established in 1967. The No.1 paint brand in Malaysia and Asia has won several awards such as the Reader's Digest Trusted Brand Awards (2006-2021), Putra Brand Awards (2010-2021) and Parents' Choice Awards 2019.

As part of Nippon Paint’s expansion initiative, NPM has acquired CMI Construction Material Industry Sdn. Bhd. (CMI) and CMI Marketing Sdn. Bhd. (CMIC) in February 2022 and this acquisition has further strengthened NPM's positioning as a Total Coating & Construction Solutions provider, providing compatible system solutions to every quality and beautiful finishing from bare to finish - from the floor up to the roof and everything in between. In March 2021, NPM acquired a majority stake in Vital Technical Sdn. Bhd. (V-Tech) to further strengthen

its market leadership in the home and industrial improvement solutions industry for Sealants, Adhesives and Fillers (SAF). In May 2020, it acquired ownership of Selleys to expand into home improvement segment for Sealants, Adhesives and Fillers (SAF).

B&I: As we know it, Malaysia (and other nations around the world) was greatly affected by the COVID-19. (a) Can you share some of the challenges faced by paint and coating industry, and by Nippon Paint?

Mr. Yaw Seng Heng: The paint and coating industry has always been very competitive and more so during the pandemic.

However, we have always pushed ourselves to be ahead of the game by pushing innovation boundaries which in turn, enable us to churn out fresh, bold and transformative solutions that cater to our customers’ needs. We always have to be on our toes and be alert to changes in consumer patterns. (b) How did Nippon Paint respond to the pandemic?

Mr. Yaw Seng Heng: We have elevated from being a Total Coating Solutions provider to now a Total Coating & Construction Solutions Provider. This comprises of Drymix Solutions, Sealant Adhesive Filler Solutions, Waterproofing Solutions, Flooring Solutions, Protective Coatings and Architectural Coatings.

Listening to our customers’ needs and finding the right solutions that satisfy their needs is one way for us to set ourselves apart in the market.

Now, Nippon Paint has moved beyond offering comprehensive one-stop coatings, from construction products that provide total compatible system solution to every quality and beautiful finishing from bare to finish – from the floor to the roof and everything in between. This has also allowed us to capture the construction market while offering affordable solutions for all segments.

B&I: In recent years, Nippon Paint has diversified its product portfolio by acquiring Selleys in May 2020, Vital Technical Sdn. Bhd. (V-Tech) in April 2021, and CMI Construction Material Industry Sdn. Bhd. (CMI) and CMI Marketing Sdn. Bhd. (CMIM) in February 2022. (a) Can you give us an insight into these acquisitions?

Mr. Yaw Seng Heng: In March 2021, Nippon Paint Malaysia has acquired a majority stake in Vital Technical Sdn. Bhd, established in 2002. It is the number one player in the Malaysian Sealants, May-June 2022 | www.b-i.biz 17

ONE ON ONE

Adhesives and Fillers (SAF) market. The acquisition is part of the group’s ongoing growth strategy as a market leader in the home and industrial improvement solutions industry, offering Total Coating and Construction Solutions.

In April 2022, Nippon Paint Malaysia announced its 100% acquisition of CMI Construction Material Industry Sdn. Bhd. (CMI) and 85% stake in CMI Marketing Sdn. Bhd. (CMIM).

Established in 1997, CMI is a reputable manufacturer and distributor of cementitious dry-mixed prepacked additives, skim coat, plasters, tile adhesives, waterproofing and technical mortars. This acquisition is aligned to Nippon Paint’s global strategy of expanding into adjacent businesses, thus further strengthening Nippon Paint’s positioning as a Total Coating and Construction Solutions (TCCS) provider whilst pushing the boundaries to innovate and offer compatible solutions from bare concrete surfaces to the finishing, through a comprehensive 18 May-June 2022 | www.b-i.biz

range of innovative solutions from coatings to sealants, adhesives, fillers, waterproofing, flooring and dry-mix.

The business integration will fortify our financial position through mutual sales while expanding product line-ups through innovative engineering that meets the needs of our customers.

We will also be able to enhance competencies and efficiency through the increase of production capacity and coordination of raw material procurement. (b) How do these acquisitions translate to Nippon Paint’s position/performance in the market?

Mr. Yaw Seng Heng: As Nippon Paint positions itself as a Total Coating & Construction Solutions provider, we will continue to push boundaries by innovating and offering compatible solutions from bare concrete surfaces to the finishing, through a

construction solutions comprise of plaster/render, skim coat, tile adhesive, waterproofing, flooring, protective and architectural coatings that can deliver a total compatible system solution to every quality and beautiful finishing from bare to finish.

Some industry pain points involving paints in construction are commonly seen in aspects such as hairline cracks, powdery finish, blistering, peeling paint, moulding, hollowness, falling tiles, water seepage and others. With the Total Coating & Construction Solutions, backed with the technical construction solutions from CMI, industry pain points can be effectively addressed.

Through the Total Coating & Construction Solutions, Nippon Paint is capable in providing an ease of mind one-stop solution to our customers. From bare concrete to the finishing and from floor to roof, customers will not need to deal with multiple stakeholders for any surface or finishing issues. With that, it gives them peace of mind as they do not have to worry about the extra cost they need to incur.

It also allows us to be better in our customer service, internally. As the market leader in Total Coating & Construction Solutions, we believe that we can transform the organisation as per the dynamic force market to ensure success in the construction and coating industries. This would motivate both internal and external workforce including our people, contractors and community. The determination and dedication will lead to success in delivering high-quality products.

B&I: How does Total Coating & Construction Solutions benefit construction industry?

comprehensive range of innovative solutions; • Drymix Solutions • Sealant Adhesive Filler Solutions • Waterproofing Solutions • Flooring Solutions • Protective Coatings • Architectural Coatings With these solutions, we aim to help improve the industrial structure, leading to work efficiency. Hence, we are confident that the houseowners and developers will be happy with the result of our solutions.

B&I: What Total Coating & Construction Solutions has to offer?

Mr. Yaw Seng Heng: Nippon Paint is the only company in the region that offers Total Coating & Construction Solutions for the building and construction industry. We now have the competitive edge to extend a total compatible system for coating and

Mr. Yaw Seng Heng: As Nippon Paint is leading in the Total Coating & Construction Solutions market, we believe that innovation contributes to the growth of our business. Therefore, at Nippon Paint, we continuously think of ways to innovate our products and services, we always aim to be the best especially when we are now leading the Total Coating & Construction Solution industry. With Total Coating & Construction Solution, we believe that it does not only help our business but also our customers. We are hopeful that Total Coating & Construction Solution can win our customer’s trust as it saves their costs and time.

In addition to this, Total Coating & Construction Solutions also benefits construction industries. For example, with the recent acquisition of CMI, we can increase purchasing power through more domination over the supply chain. As CMI is an expert in the construction industry, we believe that their expertise helps to build our customers’ and stakeholders’ confidence. With more businesses and more demand from our customers, we can help to boost our nation’s economy, especially after Malaysia has entered the endemic phase.

CALL TO ACTION Contact Nippon Paint for your Total Coating & Construction Solutions need now.

Website: https://professional.nipponpaint.com.my Customer Careline: 1800-88-2663 E-mail: customercare@nipponpaint.com.my Download Brochure for more info.

May-June 2022 | www.b-i.biz 19

PROJECTS

Nature-Inspired Edgewood Residences at SkySanctuary

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dgewood Residences, which will have 960 units in two 42-storey blocks, is a “lifestyle” condominium project located at the nature-inspired township with a three-acre park called SkySanctuary, located in the Setapak suburb of Kuala Lumpur. The project, with a gross development value of RM508 million, may be leasehold but it has the advantage of having a residential land title, unlike most other projects which are serviced apartments with commercial titles. A residential title often translates to lower utility bills, lower quit rent and lower assessment fees.

When the project’s Tower B was launched in May last year, its take-up rate was almost 90 per cent, despite the on-going COVID-19 pandemic. Encouraged by the good response, the developer, SkyWorld Development, released Tower A for booking at the start of this year. Edgewood Residences is expected to be completed by the third quarter of 2024.

The project offers a comprehensive range of amenities, including a sky lounge, infinity pool, spa pool, sauna, reading room, a gym with full-glass walls overlooking the park, mini cinema, aerobics/yoga room, games room, a grand entrance at the guard house, and electric vehicle charging bays, among many others. Residents will have the convenience of booking condo

20 May-June 2022 | www.b-i.biz

facilities or registering their visitors using their smartphones. There is even an “automated” waste management system for residents’ convenience. The wide range of amenities would be suitable for three-generation families while the focus will be on promoting community living and sustainability. For example, the cinema allows residents to enjoy movies with friends and family while the co-sharing space at the facilities podium allows residents to find their own private getaway away outside their unit.

“Not many developments on the outskirts of KL have an outdoor space like this. The facilities provided are also good to have in the post-pandemic era. For example, the cinema allows residents to enjoy movies with only friends and family. There is also a co-sharing space at the facilities podium, which helps residents to [escape] distractions at home.

The interior layouts come in three variations, Type A with three bedrooms and two baths (865 and 911 sq ft), Type B with three bedrooms and two baths (1,047 and 1,096 sq ft), and lastly Type C with three-plus-one bedrooms and two baths (1,225 and 1,280 sq ft). Prices ranged between RM440,000 and RM703,000 during the first-phase launch last May. The unit interior is mostly wide and shallow with large balconies so they appear even more spacious. The large balconies also improve air quality and allows the interior to receive more natural light.

The entire SkySanctuary township is spread across a 40-acre land with its own resident-only Central Park, an autumn park, a blossom park, a lake and a commercial area. Edgewood Residences

is just the first of four other high-rise residential condominium projects to be developed in stages, with the fifth one being lowrise residential villas. The SkySanctuary township is expected to be completed in eight years.

May-June 2022 | www.b-i.biz 21

PROJECTS

Wellness Sojourn Hotel

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he location of this Wellness Sojourn hotel and unique local history was what gave inspiration to the concept of 'Maritime Museum'. To retrieve the diverse historical experience of Melaka, the hotel is conceptualized as a ship that voyaged through the colonial past. Its journey had brought back fragments of the past which is then reflected in the interior design of the hotel.

Upon entering the hotel, guests are welcomed to the reception lobby. It is a space that aims to serve as an area of gathering in addition to checking-in guests. The layout is curated with a few clusters of seating to allow for different groups of crowds to convene at a time and inclusion of luggage into the traffic flow.

Dark timbers are one of the key elements featured on the staircase's main newel, doors and floor. It originates from native Asian woods such as teak, ebony and mahogany which was commonly seen in colonial era furnishings.

This concept is also relatable to the dark timber posts that one would usually observe in traditional Chinese Association temples (huay kuan). To achieve a sense of crispness, dark wood is contrasted with light paint finishes on the wall. Light and neutral shades form the framework of a colonial era interior. These airy hues are incorporated to create a more cooling interior and

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combat the tropical heat. Textures are also pivotal in adding contrasts against the darker finishings. Rattan and woven patterns are observed on the furnishings to help add depth into the overall design.

Another common design feature that one would notice are the arches whether it be on the timber doors and the iron grille upon the windows and along the walls. Arches are one of the most prevailing architectural elements seen in local historical buildings.

It can be observed on the Christ Church Melaka, the five-footways of traditional shophouses and the corridors or verandahs of British colonial era mansions.

Conceivably, the main feature of the lobby would be the basrelief of local tropical plants: banana trees, palms and ferns on the main wall. We took a notch further to depict local scenery via

the artistic technique of bas-relief to add to the sense of savoir vivre. It was also to immortalize a scenery that was and could still be observed locally today. The depiction of a flock of red crowned cranes across the lobby is just as significant. Cranes bestow upon those that it meets with luck, longevity and fidelity.

The motifs on the floor tiles are inspired by the traditional geometric forms of nyonya tiles. The Melaka nyonya elements are also brought thru the entire hotel and villa rooms to reflect the local culture and its diverse historical experience.

Sojourn Melaka Hotel is the latest addition to the series of wellness inspired Guesthouses, Restuarants and series of Spa houses from Herbaline Wellness Group designed by Santa Fe Interior Achitecture Sdn Bhd for the past decade.

Contributed by Santa Fe Interior Achitecture Sdn Bhd. May-June 2022 | www.b-i.biz 23

PROJECTS

PKNS committed to improving quality of life with ‘Residensi Idaman Selangorku’ affordable homes

PKNS hands over 864 units of affordable homes. In support of Selangor’s social and economic growth.

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he Selangor State Development or Perbadanan Kemajuan Negeri Selangor (PKNS) today handed over keys to owners of 864 units of Residensi Idaman Selangorku (Type D) in Selangor Cyber Valley. Comprising two blocks of apartments, the vibrant, attractive and secure development is now home to young families, single working professionals, golden citizens, as well as students and civil servants.

Officiating the key handing over ceremony, Selangor state EXCO of Housing, Urban Wellbeing and Entrepreneurs Development, YB Rodziah Ismail, said, “Owning a home can be a

24 May-June 2022 | www.b-i.biz

challenge for many, with housing affordability being the major concern.

With that in mind, the Selangor State Government, in an effort promote a competitive economy, has introduced a range of initiatives to provide and improve access to affordable housing.”

‘Residensi Idaman Selangorku’, a project by PKNS to support the National Affordable Housing Policy or Dasar Perumahan Mampu Milik (DRMM), is an initiative to tackle the nation’s housing affordability concerns in a holistic way. Equipped with three bedrooms and two bathrooms, each unit is also allocated two parking lots. With a comfortable built-up size of 1,000 sq ft, the units are affordably priced at RM232,000. The development also pays great attention to natural sunlight, air ventilation and residents’ right to privacy.

“With the objective of supporting the B40 community in Selangor to settle into homes of their own, Residensi Idaman Selangorku has gone beyond mere brick and mortar. Many aspects were taken into consideration with a view of fostering a united community and an inclusive living environment with amenities and facilities to enhance the wellbeing of its residents,” explained PKNS CEO, Datuk Mahmud Abbas.

With inclusivity in mind, Residensi Idaman Selangorku Type D development also caters to differentlyabled residents. Four units were purpose-built with wheelchair-friendly platforms throughout the apartment for ease of access for the differentlyabled.

Located strategically near the Lapangan Terbang Antarabangsa Kuala Lumpur (KLIA), the 14.41 acres development boasts excellent logistic infrastructure, with easy access to the Expressway Lingkaran Tengah (ELITE), Putrajaya Link and S.K.V.E Highways.

Highlighting PKNS’ commitment to supporting the economic and social growth of the state, Datuk Mahmud said, “With over 58 years of experience in developing quality residential developments, we are confident that Residensi Idaman Selangorku will be a benchmark for affordable housing in Selangor.”

May-June 2022 | www.b-i.biz 25

OUTLOOK

(Image Sources:re-thinkingthefuture.com)

How Property Developers Respond to the Soaring Building Material Cost?

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he 2021 Property Market Report released by NAPIC shows a sign of recovery in the property sector. After the subdued performance in 2020, a total of 300,497 transactions worth RM144.87 billion are recorded, which is an increase of 1.5% in volume and 21.7% in value compared to 2020.

Meanwhile, house price continues its moderate growth since 2018 despite of the market slowdown – from an average house price of RM417,974 in 2018 to RM432,111 in 2020 and further to RM434,758 in 2021 – which could probably help to restore the consumer buying sentiment. The property market is deemed to be back on track along with the lifting of restrictions of business operating hours and the reopening of country borders on 1st April 2022.

Having said that, the overall environment of the property sector is still pretty much the same as the one prior to the pandemic, which is generally perceived as “excessive supply” and “slow absorption”. This is supported by the overhang figures, where both the residential housing and service apartment have recorded a historical height – with 36,863 units and 24,295 units, respectively – amounting to 61,158 units of completed unsold,

26 May-June 2022 | www.b-i.biz

Contributed by:

Dr. Foo Chee Hung, The Principal Researcher of MKH Bhd.

Mr. Brandon Loo, General Manager, MKH Building Materials Sdn Bhd

or a 15% growth from 53,171 units in 2020 (Figure 1). If those unsold units “under construction” and “not constructed” are considered, a total of 203,804 unsold units is recorded, being the highest since 2017.

A further study on the breakdown of unsold units reveals

Figure 1: Status of overhang in the Malaysian property industry.

(Source: NAPIC)

that houses initially targeted for B40 and M40 income groups are a major contributor to the overhang, with 31% or 11,610 units derived from those priced less than RM300k, while another 26% or 9,461 units are priced within RM300k – RM500k. In terms of unsold units under construction and not constructed, majority of them are also coming from products priced below RM300k, both at 41% (or 29,083 units) and 44% (or 9,641 units). New launches also share the same trend, with 35% or 15,332 units are products priced below RM300k, and 36% or 15,723 units are product priced within RM300k – RM500k.

All these signify that the supply side of the property industry is responding to the market demand by providing products that matching the mass buyers’ affordability level. Even right before the pandemic, the problem of mismatch in our housing supplydelivery system has been softening as majority of new launches since 2018 were generally priced below RM500k. It is just that the weak economic performance and the reduction in household income due to the unforeseen pandemic-induced recession have greatly dampened mass buyers’ housing affordability; whereby houses supposed to match people’s affordability level before are no longer in-fit for the current market condition.

To add salt to the wound, fluctuations in building material prices – due to the pandemic-related shutdowns and restrictions; lingering tariffs and quotas; the resume and increased construction activity in the post-COVID-19 era; and even instances of hoarding and profiteering – could trigger another round of house prices growth that would further decouple household income from house prices. As pointed out by the Real Estate & Housing Developers’ Association (REHDA), a 20% increase in construction cost will lead to a 10% rise in house prices, as the cost of construction materials accounts for 50% to 60% of the total development value of a project.

Such a rise in building material prices may have a significant impact on certain ongoing projects as not all the construction costs are locked in when the contracts were awarded; but it is sure to increase the cost of doing business for new projects, leading to the increase in fundamental house prices. For example, up to March 2020, prices for steel, glass, and metal sections have grown up by 28.8%, 25.8%, and 24.1%, respectively, since January

2020; compared to a relatively slower growth rate of 9.8%, 1.2%, and 7.5% within July 2017 – December 2019 (Figure 2). Except for floor & wall tiles and roofing materials which have experienced a decline in prices, a significant increase in prices is observed in other building materials as well, ranging from 2.7% (for sanitary fittings) to 14.4% (for bricks & wall) within the period of January 2020 – March 2022.

While it is not uncommon that any risk associated with price uncertainty will eventually be passed on to the end users, property developers nowadays are caution about price increases of their products, as they may have to bear with the consequences of dampened sale performance in respond to the rise in selling price. This is of particularly true when the housing market is generally flattish and is being marred by issues such as reduced affordability, high household debts, tighter credit standards etc. Unless the soaring is too high and there is no way to curb the increased price tag, developers tend to offset the increase with strategic material procurement (i.e., bulk purchase, advance payment, or cash purchase) and smarter spending processes to ensure the final prices for potential homebuyers are affected as minimum as possible.

In fact, managing fluctuations in a contract has been practiced for decades – especially among parties conducting

(Image Sources: aathaworld.com)

May-June 2022 | www.b-i.biz 27

OUTLOOK

Figure 2: Prices growth for main building materials in the pre- and post-crisis level.

(Source: DOSM)

business across borders – where provisions are included in their contracts to address exchange-rate fluctuations. In dealing with the current skyrocketing material prices, contracting parties can consider allocating risk for material prices fluctuation, either to material costs in general or to specific types of materials that are particularly high risk (e.g., steel, lumber, or copper). For example, the parties can either mutually agree to split the cost of any increases in material costs based upon a predetermined allocation (e.g., 50:50); or to bear the risk for increases in material costs up to a predetermined threshold (e.g., 5% of the assumed cost), beyond which the risk shifts to the other party. This would ensure contractor could complete the project within the calculated cost despite significant volatility.

Alternatively, contractors can peg material prices with developers at a mutually agreed threshold rate. In case the actual material costs are higher than the assumed value, contractors

(Image Sources: Steel as structure material ©AZoM)

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are entitled to increase the contract sum to reflect these costs. In contrast, the savings accrue 100% to the developers if the actual costs are lower than the assumed value. The contracting parties can even mutually agree to a maximum or minimum amount that the cost of the material may fluctuate. The developers would bear the risk for increases beyond the maximum amount, while the contractors would bear the risk for decreases below the minimum amount. All these “risk allocation” measures not only help alleviating the price pressures contractors currently face, but also allow for developers’ participation in any upside as prices stabilize.

Beyond risk allocation, contracting parties can also consider the “material on site claim” to ease the cash flow of contractor in procuring the required materials as per contracted sum to hedge the fluctuation. This measure is of particularly suitable for projects that are about to commence, whereby contractors will directly procure the building materials at the moment the building project deal is closed, while developers will pay the contractors once the materials are delivered to site.

Though material on site claim does help secure the calculated procurement price of the moment of closing the deal, the downside of this measure is the high storage cost and pilferage risk. As such, contractors should renegotiate with vendors in allowing the delivery by schedule as per project timeline, subject always to critically required revision in enhancing the flexibility of this practice.

Another common practice that widely adopted by developers to lessen the impact of increased cost of doing business is to balance the overall project costs through “cost cutting”. This is certainly a multi-party-collaboration that requires give and take from developers, contractors, and design professionals to see if they can partially absorb material cost increases through adjustments in labour rates, reductions in fees, lowering profit margin, or value engineering. While such practice can help reduce the disparity between prices tendered and actual prices, one should realize that it would not be prudent to keep cutting costs, as the productivity and quality of the project could be affected

(Source: tconglobal.com)

eventually. Most importantly, material costs in construction should not be seen as a factor that forces developers to sacrifice in design, quality, and workmanship of their products. Instead, the bottom line is to balance their project expenses while improving their supply capabilities.

Realizing that property development is facing a year-overyear increase in cost of doing business that making profits ever the slimmer; honouring more “sustainable construction practices” and “sourcing out alternate materials” are two of the best solutions to mitigate the impact of commodity price fluctuations in the long-run. By implementing technologies and heeding design processes including lean construction, BIM, and construction field management software, developers can achieve greater stability, reliability, efficiency, and flexibility in their projects, which will eventually be leading to the reduction in operating costs considerably.

Speaking on alternative materials, not only that the architects and engineers should exercise their creativity in incorporating unconventional materials in their designs that helps control costs while does not compromise on safety, quality, durability, or functionality; developers should also be more receptive to counter proposals by relooking into the viable substitutes (i.e. higher concrete grade to reduce required steel bar, rebar coupler, AAC wall panel) as well as proven technologies (i.e. SMC modular

toilet).

To note, demand has shown signs of weakening for properties priced below RM500k. Under the previous three rounds of withdrawal facility – i-Lestari, i-Sinar, and i-Citra – implemented since the Covid-19 outbreak in 2020; the recent EPF special withdrawal measure introduced by government is further evidence to the subdued economic outlook. Perhaps, over focusing of affordability on the past has overshadowed the value creation by developers leading to the mismatch of housing demand-supply. To put value at the perspective of property buyer, more comprehensive development incorporating longterm sustainable living would one way or another as pull factor for recurring property demand as well as value appreciation.

After all, prices may not be the only factor determining the property demand. For the recovery from the pandemic to be durable, a return to the “business as usual” model of environmentally destructive development activities must be avoided. Instead, the concept of ‘build back better’ should be advocated in the discourse around reforming the housing industry. On this basis, developers’ responses to the pandemic should include not only getting the property market back on its feet, but also to address well-being, inclusiveness, and various systemic vulnerabilities that can potentially impede sustainability in the long-run.

May-June 2022 | www.b-i.biz 29

PRODUCTS & SERVICES ADVERTORIAL

Jimah Power Plant, Port Dickson, Negeri Sembilan.

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Supreme Survivor Amongst the Polluted Areas

he business owners in the industrial district were always struggling with the high levels of corrosive particles in the air because of production operations and waste products. Due to the corrosive nature of such extreme circumstances, it caused serious damage to their roofing and cladding systems. Business owners are tormented by the cost of replacing roofing materials and it was a constant battle to keep up with the repairs.

Additionally, one of the repercussions of air pollution is acid rain and it is widespread in industrial sectors. It happens when water in the atmosphere encounters pollution from factories, automobiles, or heating boilers. These emissions include nitrogen oxides, sulphur dioxide, and sulphur trioxide, all of which react with water to form acid rain that is highly corrosive in nature. Acid rain has the potential to damage building materials and structures, therefore this is a severe concern for premise owners.

Nothing is more crucial than a great roofing and claddi ng system when it comes to safeguarding your business from the weather, especially if you operate in highly corrosive and polluted locations. These systems provide crucial barriers against wind, rain, and hail, keeping your building secure and safe from the damaging effects of unfavourable weather conditions.

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High Pollution Industrial Area.

(Source: Sykono via Canva.com)

May-June 2022 | www.b-i.biz 31

PRODUCTS & SERVICES

Yung Chi Paint Factory, Kawasan Perindustrian Bukit Rambai, Melaka.

A great roofing and cladding system is a crucial component of your toolset for ensuring that your business remains robust in the face of tough environmental conditions. As such, it needs to be made from materials that are durable and longlasting. However, if the wrong roofing material is chosen, it can lead to a number of problems. For example, some materials are susceptible to corrosion, which can cause them to deteriorate quickly. In addition, some materials may not be able to withstand extreme weather conditions, resulting in damage. Thus, it is essential to carefully consider all of the options before choosing a roofing material.

“When it comes to roofing and cladding, you want a top-quality roof material that can withstand the toughest environments.”

Introducing realcolor® Supreme, a flagship pre-painted galvanized steel that is developed by CSC Steel (CSCM) which offers a unique combination of excellent outdoor durability, UV protection, formability, and even chemical resistance.

Pre-painted Galvanized Steel (“PPGI”) is another form of coated steel that is commonly used in construction materials 32 May-June 2022 | www.b-i.biz

“ The top-liner of realcolor® Supreme comprises of

Hynar/Kylar certified PVDF coating, known as the only C-5I (Industrial Grade) and C-5M (Marine Grade) roofing material certified by SIRIM under MS2383 in the market”

Acid Rain Effects on Steel Roofing.

(Source: James Conkis via Canva.com)

Sirim MS2383 table (Corrosivity rate).

(Source: ISO 9223 environmental corrosiveness guidance)

such as awnings, roofing, cladding, and wall panels. Moreover, realcolor® Supreme is so well-made that it offers a 30-year warranty against perforation and a 15year warranty against colour fade. This is to demonstrate the faith in the superior product such as realcolor® Supreme.

With the above-mentioned properties of realcolor® Supreme, it is well suited for usage in industrial sectors that operate in corrosive environments on a regular basis. realcolor® Supreme, with its genuine Polyvinylidene Fluoride (PVdF) coating, is ideal for outdoor applications that demand a high level of colour retention and durability. The PVdF-based coating is weather and chemical resistant, making it an excellent choice for applications requiring the highest level of finish. realcolor® Supreme can resist the toughest circumstances while maintaining

the external aesthetics’ endurance.

Consequently, the building’s life expectancy will be extended, and maintenance and replacement expenditures will be reduced.

Thus, realcolor® Supreme is a costeffective and effective solution that has the potential to save corporate thousands of ringgits over time.

Furthermore, realcolor® Supreme offers exceptional colour retention properties, ensuring that the exterior colour remains brilliant for decades.

Because the flagship pre-painted galvanized steel comprises >70% PVdF, it has exceptional corrosion resistance. SIRIM certification has recognised realcolor® Supreme as the first and only roofing metal sheet brand in the C-5(M) & C-5(I) categories. This classification indicates that it can endure extremely high humidity and aggressively polluted atmospheres. In

Addition, buildings near coastal and marine areas with high salinity can be protected by realcolor® Supreme due to its C-5(M) corrosivity rate achievement. Because of its C-5(I) corrosivity class, realcolor® Supreme can thrive in aggressive atmospheres and high humidity industrial areas, making it suitable for use in petrochemical plants and thermal power plants.

Due to high corrosion rates, industrial plants and premises are frequently plagued with the problem of repairing and replacing roofing materials. Because of its extended life and resilience in corrosive environments, switching to realcolor® Supreme might help decrease construction waste. As a result, realcolor® Supreme is environmentally responsible and, in the long term, promotes a healthier and safer workplace for your employees.

Many industrial enterprises have turned to realcolor® Supreme as a corrosive-resistant option. realcolor® Supreme has been used in a number of high-profile projects around Malaysia, such as IKEA stores, Sunway Big Box Retail Park, Jimah Power Plants, and even Tabung Haji Complex, to name a few. realcolor® Supreme was created to last a decade while still allowing vivid colours to blend in with the building’s façade. realcolor® Supreme is evidently seen as the ultimate solution for business owners to fend against high corrosion situations because of the fantastic results that the product can deliver and promise.

Look no farther than realcolor® Supreme if you want to protect your property from the destructive effects of corrosion. The solution is particularly intended to keep surfaces looking new and clean in even the most demanding settings.

Contact CSC Steel now to learn more about how it can assist you with protecting your valuable assets.

For more information about realcolor® Supreme, please scan this QR code and look us up today.

May-June 2022 | www.b-i.biz 33

PRODUCTS & SERVICES ADVERTORIAL

SUCCESSFUL MIDEA V8 GLOBAL LAUNCH IN DUBAI, LEADING VRF REVOLUTION

T

he Midea V8 Global Launch Event, Envision the Infinity, came to a successful conclusion in Dubai, UAE on the 1st of June 2022. The event shed light on issues such as development trends and pain points of the VRF industry, and featured the overseas debut of Midea V8 Series VRF. Industry leaders gathered to draw a blueprint for the future of the industry’s development, bringing about a feast of information sharing and breakthrough innovations.

Global Partner Conference, Unveiling Midea’s Strategic Blueprint Opening the conference was a speech from Henry Cheng, GM of MBT OSC, detailing the process of reform and transformation since our establishment in 1999; now from the beginning of the third decade, Midea Building Technologies is driven by innovation to transform and

34 May-June 2022 | www.b-i.biz

re-start-up. In recent years, we have been pushing for a transformation to provide customers with human-oriented intelligent solutions and services, using iBuilding as the core.

Several global partners of Midea, including Taqeef from Middle East and Magnium+ from Georgia, made their appearances at the event. The partners shared their experiences in expanding

May-June 2022 | www.b-i.biz 35

PRODUCTS & SERVICES Midea’s brand influence, channel, and professional circle, as well as their knowledge in project engineering.

Exploring Industry Trends and Reflecting Industry Pain Points With an increasing urgency to reduce global CO2 emission and reach carbon neutrality, intelligent and low-carbon buildings are now an inevitable trend in the industry. Gene Sun, GM of Midea KONG Intelligent Building Ltd, introduced the concept of iBuilding low-carbon solutions at the event, and recounted successful cases such as the application in Shanghai Innovation Center and Heyou Hospital. Through big data, IoT, 5G and other technologies, iBuilding solutions can realize the interoperability of human, equipment and space throughout its life cycle.

Industry consultants spelled out the pain points of the building and VRF industry. The ventilation holes in the electric control box of traditional VRFs lead to internal device damage from environmental factors such as sand, dust, snow, and insects, which is a notable issue for customers in Middle East and Africa.

Traditional VRF installation also increases the difficulty of construction with only hand-in-hand connection between internal units available. When a failure is encountered, the process of repair is both time-consuming and costly.

A Mission of Breakthrough for Midea V8 Series VRF The trend of low-carbon intelligent solutions and the shackle of the pain points of the traditional VRF industry are forcing upon a change in the industry.

Robin Luo, GM of Midea DX Product Company, explained how Midea continues to dedicate their efforts in product iteration to provide the best possible solutions with the Midea’s well-developed production line and competitive manufacturing quality.

Peter Wu, Chief R&D Engineer of Midea DX Product Company, detailed the breakthrough explorations of Midea V8 Series VRF from a quality, design, and low-carbon standpoint. In terms of quality, Midea launched the industry’s first fully enclosed electric control box (ShieldBox) to avoid damage to internal components 36 May-June 2022 | www.b-i.biz

caused by harsh environments. From an installation standpoint, Midea’s selfdesigned communication chip (HyperLink) realizes an arbitrary topology in addition to the traditional communication connection method, reducing installation cost and improving installation efficiency.

When it comes to operation, V8 Series VRF

is equipped with 19 sensors (SuperSense), the most complete range in the industry, allowing for an instant diagnosis of the system’s current refrigerant volume.

On the design front, Midea V8 Series VRF introduces a side discharged series in its outdoor unit, which reduces its occupied spaces and makes it easier

to transport. A diversified range of indoor units are available to meet the demands of increasingly complex interior spaces, freeing the product from height constraints. As to energy-saving, Midea V8 Series VRF also takes the lead in realizing direct current in all internal and external units, and has entered energy partition for zoned energy management.

Midea V8, Multi-Certified Product of the Industry Solid technical strength earned Midea V8 Series VRF several certifications from Intertek, a leading Total Assurance Quality provider to industries worldwide.

The Tick-Mark certificates were issued at the launch event by Intertek’s regional manager to recognize the reliable quality of V8 Series VRF. A congratulatory message from President of Intertek’s Electrical & Connected World Department, Saranpal Rai, was also received on-site.

Midea VRFs are also tested and certified by AHRI. As a key member of AHRI, Midea cooperates with the institute to develop global testing standards for VRFs. Nabil Shahin, International Technical Director from AHRI, proposed the requirements for VRFs in zeroemission buildings, and joined hands with Midea to empower the green development of architecture.

Midea V8 Series VRF also received the gold prize for its Intelligent Building Energy Solution at the 2022 Special Edition of International Exhibition of Inventions of Geneva, a further acknowledgement of Midea Building Technologies’s R&D strengths.

From initial technology import to becoming an independent innovator and realizing technology export, every step taken by Midea Building Technologies in its path to become an industry leader is proof of our strength in breaking boundaries. We will continue to create more industry feats by promoting technology-enabled development and an innovationdriven future.

May-June 2022 | www.b-i.biz 37

B&I PROJECT REPORT MALAYSIA Aurel Sanctuary @ Bukit Tinggi, Bentong, Pahang, Malaysia.

PROJECT REF. 0621-7014 CLASSIFICATION Mixed Development STAGE OF PROJECT Sitework LOCATION Lot PT 23256 (H.S.(M) 8252), (Lot Lama PT 40537 (GM 7146), 40538 (GM 7081) and Lot 40539 (GM 7156), Bukit Tinggi, Mukim Bentong, Daerah Bentong, Pahang, Malaysia.

(GPS Coordinates: 3.361141, 101.814161) APPROX. PROJECT COST Undisclosed APPROX. COMMENCEMENT DATE 2Q 2021 APPROX. COMPLETION DATE 4Q 2023 DEVELOPER Aurelian Land Sdn Bhd Tel: +603-6733 3222 E-mail: info@aurel.com.my Web: https://aurelsanctuary.com/ CEO: Mr Joseph Chong ARCHITECT Akitek Akiprima Sdn Bhd Tel: +603-5633 5877 E-mail: akiprima-kl@akiworld.com Web: www.akiprima.com Director: Dato’ Cheah Kah Lip C & S ENGINEER SNA Consult Sdn Bhd Tel: +603-7729 2299 E-mail: snacslt@gmail.com Web: https://snaconsult.com.my/ Director: Ir Bobby Soon M & E ENGINEER Zeal Perunding Sdn Bhd Tel: +603-7931 2063 E-mail: general@zp.com.my Web: www.zp.com.my Director: Ir Chin Yoon Wei QUANTITY SURVEYOR DK-QS Sdn Bhd Tel: +603-8953 9998 E-mail: admin@dkqs.com.my Web: www.dkqs.info Director: Sr Lilian Wong MAIN CONTRACTOR To Be Appointed BRIEF DESCRIPTION Project senior lifestyle resort located 1,500 ft 38 May-June 2022 | www.b-i.biz

above sea level at Bukit Tinggi, Pahang. It comprises two 23-storey towers, Amity and Bliss, housing a total of 287 serviced suites with built-ups of either 1,006 - 1,175 sq ft. These

units will share a host of purpose-built facilities and amenities designed for high-quality living.

The development will also have 25 retail outlets.

Bangsar Hill Park, Kuala Lumpur, Malaysia.

PROJECT REF. 0721-7020 CLASSIFICATION Service Apartment STAGE OF PROJECT Delayed Sitework LOCATION Lot 365, Lorong Maarof, Seksyen 96, Kuala Lumpur, Malaysia.

(GPS Coordinates: 3.129933, 101.675247) APPROX. PROJECT COST RM3.01 billion APPROX. COMMENCEMENT DATE 3Q 2020 APPROX. COMPLETION DATE 4Q 2025 DEVELOPER Bangsar Hill Park Development Sdn Bhd (Sunsuria Bhd, Suez Capital Sdn Bhd, Dasar Temasek Sdn Bhd and Sunsuria KL Sdn Bhd - JV) Tel: +603-7941 1199 E-mail: info@suezcap.com Web: www.suezcap.com Managing Director: Datuk Ter Leong Hing Sunsuria Berhad Tel: +603-6145 7777 E-mail: info@sunsuria.com Web: www.sunsuria.com Chief Project Officer: Mr Wong Chiew Meng ARCHITECT CHY Architects Sdn Bhd Tel: +603-2788 4165 E-mail: chya.info@gmail.com Web: www.chyarchitects.com Principal: Ar Ng Chee Hui C & S ENGINEER TCC Engineering Consultants Sdn Bhd Tel: +603-8052 2010 / 2020 E-mail: ccteo.ptcc@gmail.com Web: https://tccec.com.my/ Managing Director: Ir Teo Chong Chai

M & E ENGINEER Green Design Engineering (M&E) Sdn Bhd Tel: +603-7732 8918 E-mail: serjeefoo@yahoo.com Mechanical Engineer: Mr Foo Ser Jee QUANTITY SURVEYOR Econcos Consultants Sdn Bhd Tel: +603-6277 4921 / 5921 / 6921 E-mail: info@econcos.com Web: www.econcos.com Director: Sr Wong Seat Sin MAIN CONTRACTOR Sunsuria Asas Sdn Bhd Tel: +603-6145 7777 E-mail: info@sunsuria.com

Web: www.sunsuria.com Chief Project Officer: Mr Wong Chiew Meng BRIEF DESCRIPTION Project is a 5.87 acre leasehold redevelopment of the Sri Pahang flats in Bukit Bangsar. The project will be carried out in several phases, beginning with Phase 1 or Verdura Residence, which comprises two blocks (Blocks D and E) of 62-storey towers with a total of 812 condominium units. Another four residential blocks comprising 1,266 units will be built within the enclave, in addition to two blocks of residential apartments under Dewan Bandaraya Kuala Lumpur (DBKL) and Rumah Mampu Milik Wilayah Persekutuan (Blocks A and H, respectively).

May-June 2022 | www.b-i.biz 39

B&I PROJECT REPORT MALAYSIA The Pulse Residence @ Bandar Puteri, Puchong, Selangor, Malaysia.

PROJECT REF. 0621-7016 CLASSIFICATION Service Apartment STAGE OF PROJECT Sitework LOCATION PT 83054 (Previously Lot 66651, 66652, 66662 & 66663), Lebuh Puteri, Bandar Puteri, Puchong, Mukim Petaling, Daerah Petaling, Selangor, Malaysia.

(GPS Coordinates: 3.024647, 101.621033) APPROX. PROJECT COST RM200 million APPROX. COMMENCEMENT DATE 1Q 2019 APPROX. COMPLETION DATE 2Q 2024 DEVELOPER BSC Land Development Sdn Bhd (A subsidiary of BRDB Developments Sdn Bhd) Tel: +603-2688 2888 E-mail: info@brdb.com.my Web: www.brdb.com.my Project Development: Mr Jason Adam Roslani ARCHITECT ArchiMatrix Sdn Bhd Tel: +603-7984 3121 E-mail: general@archimatrix.com.my Web: www.archimatrix.com.my Director: Jasper Mah C & S ENGINEER KNK Consult Sdn Bhd Tel: +603-7885 8455 Email: info@knkconsult.com.my Web: http://knkconsult.com.my/ Sr Principal: Mr Koay Kah Ooi M & E ENGINEER KVA Konsult Sdn Bhd Tel: +603-5891 5812 E-mail: kvaconsult@gmail.com Director: Mr Chong Fatt Yee QUANTITY SURVEYOR JKQS Consultancy Sdn Bhd Tel: +603-7726 7601 E-mail: jkqssb@gmail.com Web: http://jkqs.com.my/ Quantity Surveyor: Ms Gan Lee Mei MAIN CONTRACTOR Pembinaan Tuju Setia Sdn Bhd Tel: +603-8066 8800 E-mail: enquiry@tujusetia.my Web: https://tujusetia.my/ Managing Director: Mr Wee Eng Kong 40 May-June 2022 | www.b-i.biz

BRIEF DESCRIPTION Project consist of two 44-storey residential towers with a total of 579 service apartments units atop a four-storey retail podium. The units have built-up area of 813 - 1,845 sq ft (2 to 4

bedroom layouts). This freehold development will have over 30 recreational and social facilities including swimming pool, indoor fitness suite, outdoor basketball court, multipurpose hall, lush garden etc.

The Rosewoodz Residence @ Bukit Jalil, Kuala Lumpur, Malaysia.

PROJECT REF. 0621-7013 CLASSIFICATION Service Apartment STAGE OF PROJECT Under Construction LOCATION Lot 36450, Bukit Jalil, Mukim Petaling, Kuala Lumpur, Malaysia.

(GPS Coordinates: 3.062401,101.664817) APPROX. PROJECT COST RM250 million APPROX. COMMENCEMENT DATE 1Q 2020 APPROX. COMPLETION DATE 1Q 2024 DEVELOPER Jalilmax (OUG) Sdn Bhd (A member of EXSIM Group) Tel: +603-8993 9911 / 9912 / 9913 E-mail: info@exsim.com.my Web: https://exsim.com.my/ Managing Director: Mr Lim Aik Hoe ARCHITECT Wang HC Architect Tel: +603-6201 9668 / 6203 9668 E-mail: hancwang@gmail.com Director: Ar Hanc Wang Hon Choon C & S ENGINEER WPA Partners Sdn Bhd Tel: +603-7803 2812 Email: projects@wpapartners.com Web: www.wpapartners.com Director: Ir Wong Toi Jun M & E ENGINEER Zeal Perunding Sdn Bhd Tel: +603-7931 2063 E-mail: general@zp.com.my Web: www.zp.com.my Director: Ir Chin Yoon Wei QUANTITY SURVEYOR SLQS Consult Sdn Bhd Tel: +603-6270 1502 E-mail: admin@wpslqs.com Sr Contract Exe.: Mr Eason Yong MAIN CONTRACTOR Taghill Projects Sdn Bhd (A subsidiary of Taghill Group) Tel: +603-8080 9088 E-mail: admin@taghill.my Web: www.taghill.my Director: Mr Yap Kek Siung BRIEF DESCRIPTION Project is a 31-storey residential tower with

a 7-storey carpark podium. It comprises 329 service apartment units in three layout types, with built-up area of 771 - 1,155 sq ft (2 to 3 + 1 bedrooms).

The development offers numerous lifestyle

facilities across three floors (Level G, 8 and 31) including Sky Fit, Sky Sports Arena, Kid’s Enchanted World, swimming pools, BBQ Tavern, Sky dining and party pavilion, Rosewood linear garden, Rosebay Garden and more.

May-June 2022 | www.b-i.biz 41

B&I PROJECT REPORT MALAYSIA Aradia Residence @ Lake City, KL North, Kuala Lumpur, Malaysia.

PROJECT REF. 0621-7012 CLASSIFICATION Service Apartment STAGE OF PROJECT Sitework LOCATION Lot PT 26934, Taman Wahyu, Mukim Batu, Kuala Lumpur, Malaysia.

(GPS Coordinates: 3.213957, 101.669472) APPROX. PROJECT COST RM700 million APPROX. COMMENCEMENT DATE 2Q 2020 APPROX. COMPLETION DATE 1Q 2024 DEVELOPER Lake City KL North Sdn Bhd (Country Garden & Perdana ParkCity - JV) Tel: +603- 6241 1920 E-mail: info@lakecitykl.com Web: https://lakecitykl.com/ https://en.bgy.com.cn/ Director: Mr ET Lim ARCHITECT Akipraktis Chartered Architects Tel: +603-4042 5964 E-mail: irene@akipraktis.com.my Project Director: Ms Irene Lee C & S ENGINEER Dr YG Tan Jurutera Perunding Sdn Bhd Tel: +603-7981 0366 E-mail: drygtan@ygtec.my Web: www.drygtan.com Director: Ir Dr Tan Yean Guan M & E ENGINEER Perunding Wepco Sdn Bhd Tel: +603-7842 8211 E-mail: pwepco@gmail.com Web: www.wepco.com.my Managing Director: Ir Wee Mun Tong QUANTITY SURVEYOR KH Alliance Quantity Surveyor Tel: +603-4021 9332 E-mail: kha@kh-alliance.com.my Quantity Surveyor: Mr BW Chooi MAIN CONTRACTOR China State Construction Engineering (M) Sdn Bhd Tel: +603-2714 2089 E-mail: cscec.malaysia@gmail.com Web: https://english.cscec.com/ Project Manager: Mr Tim Ye Zhang 42 May-June 2022 | www.b-i.biz

BRIEF DESCRIPTION Project is Phase One of the 80-acre North City township. Situated on a 4.38-acre leasehold land parcel, it will comprise three 43-storey residential towers with 1,003 condominium units with 23 shop lots. The units will have built-up of 943 - 1,687 sq ft (1 to 4 + 1 bedrooms); Units

with 1,000 sq ft and above are entitle to two carparks.

Facilities available includes badminton, basketball and futsal courts, swimming and kids pools, outdoor playground, entertainment and games rooms, jogging path, yoga centre, gymnasium and more.

Taman Desa Idaman @ Paka, Dungun, Terengganu, Malaysia.

PROJECT REF. 0721-7025 CLASSIFICATION Residential STAGE OF PROJECT Sitework LOCATION Kampung Santong, Mukim Kuala Paka, Dungun, Terengganu, Malaysia.

(GPS Coordinates: 4.622016, 103.387268) APPROX. PROJECT COST To Be Determined APPROX. COMMENCEMENT DATE 2Q 2022 APPROX. COMPLETION DATE 2Q 2024 DEVELOPER SPNB Idaman Sdn Bhd [A subsidiary of Syarikat Perumahan Negara Berhad (SPNB)] Tel: +609-6250 076 / 067 E-mail: spnb_kualaterengganu@spnb.com.my Web: http://spnb.com.my Director: Datuk Abd Hamid Abu Bakar ARCHITECT Taufik Aziz Architect Tel: +603-03-4147 1352 E-mail: taufikaziz17@gmail.com Web: https://taufik-aziz-architect.business.site/ Principal: Mr Mohd Taufik bin A. Aziz

C & S ENGINEER Zary Associates Tel: +603-5511 0711 / 5510 811 E-mail: zaryassociates@gmail.com Owner: Ir Razali Idris

MAIN CONTRACTOR Erakemas Sdn Bhd Tel: +604-6595 998 E-mail: erakemas@hotmail.com Contract Manager: Mr Javen Koay

M & E ENGINEER Samudra Engineers Sdn Bhd Tel: +609-6204 610 E-mail: samudera_kt@yahoo.co.uk Director: Ir Ahmad Nasuha Bin Said

BRIEF DESCRIPTION Project is a Rumah Idaman Rakyat development situated on a 25.24 acres of land. It has a total of 229 units, comprising of single-storey terrace houses, double-storey terrace houses, and double-storey semi-D houses with built-up areas between 800 - 1,700 sq ft, as well as doublestorey shophouses with built-up of 2,800 sq ft.

QUANTITY SURVEYOR Care of Developer

May-June 2022 | www.b-i.biz 43

B&I PROJECT REPORT MALAYSIA Alfa Bangsar @ Bangsar, Kuala Lumpur, Malaysia.

PROJECT REF. 0721-7027 CLASSIFICATION Mixed Development STAGE OF PROJECT Structural LOCATION Lot 254, 288 and Lot 249, Seksyen 96, Jalan Tandok, Off Jalan Maarof, Bangsar, Kuala Lumpur, Malaysia.

(GPS Coordinates: 3.126831, 101.675939) APPROX. PROJECT COST RM450 million APPROX. COMMENCEMENT DATE 4Q 2017 APPROX. COMPLETION DATE 3Q 2023 DEVELOPER Sri Selstra Sdn Bhd (A subsidiary of City Motors Group) Tel: +603-9285 0887 / 3388 E-mail: atbangsar@citygroup.com.my Web: www.citymotorsgroup.com.my CEO: Mr Terence Chia ARCHITECT DESIGN: Layton (M) Group Sdn Bhd Tel: +603-7955 1676 E-mail: steve@lgm.com.my Web: https://elia.com.au/ Architect: Mr Ahmad Lizam Bin Ariffin SUBMISSION: KH Chew Architect Tel: +603-2287 3896 E-mail: khcarchitect@hotmail.com Principal: Ar Chew Kam Hoong C & S ENGINEER TC Consult Sdn Bhd Tel: +603-2166 1992 E-mail: cc@tcconsult.com.my Civil Engineer: Mr Luqman Hakim Bin Norly M & E ENGINEER Jentrikon Perunding Sdn Bhd Tel: +603-7880 7328 E-mail: michaelngo@jentrikon.com.my Electrical Engineer: Mr Michael Ngo QUANTITY SURVEYOR Perunding Kos T & K Sdn Bhd E-mail: info@pkt.com.my Web: www.quantitysurveyorsmalaysia.com Director: Dato Sr Peter Tan MAIN CONTRACTOR Kenco Construction Sdn Bhd 44 May-June 2022 | www.b-i.biz

(A subsidiary of City Motors Group) Tel: +603-9285 0887 / 3388 E-mail: enquiry@citygroup.com.my Web: www.citymotorsgroup.com.my Project Manager: Mr William Toh BRIEF DESCRIPTION Proposed development is a 42-storey tower situated on a 1.26 acres of freehold land. It comprises 178 serviced apartment units on Levels 19 to 42, with built-ups of 570 and 997 sq ft, and available in three layouts, namely

studio suite, 2 bedrooms and 2 bathrooms as well as 2+1 bedrooms and 2 bathrooms.

Among the facilities available are a sky garden, multipurpose room, fitness centre, swimming pool, barbecue area and children’s playground.

The tower also includes an 8-level podium, which will consist of a carpark, hotel and 35,000 sq ft of commercial space. Above that is the hotel, which will comprise 220 rooms on Levels 9 to 18, with facilities including a swimming pool, sauna, garden, function hall, meeting rooms and a gymnasium.

KAIA Heights @ Taman Equine, Bandar Putra Permai, Selangor, Malaysia.

PROJECT REF. 0721-7019 CLASSIFICATION Serviced Apartment STAGE OF PROJECT Sitework LOCATION Lot 93720 (PN 102216), Jalan Equine 9, Taman Equine, Bandar Putra Permai, Mukim Petaling, Daerah Petaling, Selangor, Malaysia.

(GPS Coordinates: 2.999024, 101.672643) APPROX. PROJECT COST RM350 million APPROX. COMMENCEMENT DATE 1Q 2021 APPROX. COMPLETION DATE 1Q 2025 DEVELOPER Sunrise Alliance Sdn Bhd (A subsidiary of UEM Sunrise Berhad) Tel: +603-2718 7788 E-mail: customercare@uemsunrise.com Web: www.uemsunrise.com Chief Marketing Officer: Mr Kenny Wong ARCHITECT yhsA Sdn Bhd Tel: +603-7960 9699 E-mail: yhsa@yhsa.com.my Web: www.yhsa.com.my Director: Mr Chester Chen C & S ENGINEER Perunding Aziz, Azali & Tee Sdn Bhd Tel: +603-5882 7385 / 7485 E-mail: paat@paatsb.com.my Web: http://paatsb.com.my/ Director: Ir. Shaari Hashim M & E ENGINEER Petareka Perunding (M) Sdn Bhd Tel: +603-6272 6878 E-mail: admin@petareka.com.my Mechanical Engineer: Mr Azuwan Bin Hamid QUANTITY SURVEYOR Unitech QS Consultancy (KL) Sdn Bhd Tel: +603-7725 9129 E-mail: adminkl@uqs.com.my Web: https://uqs.com.my/ Director: Sr Andy Ng MAIN CONTRACTOR Kerjaya Prospek Sdn Bhd Tel: +603-6277 2480 E-mail: kerjayaprospek@yahoo.com Web: www.kerjayagroup.com Project Director: Mr KT Leong

BRIEF DESCRIPTION Proposed development is located on a 19.24acre site with four residential towers housing a total of 924 serviced apartment units, which are being developed in two phases. Phase 1 comprises 29-storey and 31-storey towers atop a 7-storey podium (6-storey carpark and 1-storey facility space) with 517 units with built-

ups from 972 - 1,437 sq ft.

Phase 2 comprises 25-storey and 26-storey towers with 407 units sitting atop a 6-storey podium (5-storey carpark and 1-storey facility space).

Facilities include kindergarten, convenience store, laundry mat, multipurpose hall, gymnasium, mini library etc.

May-June 2022 | www.b-i.biz 45

B&I PROJECT REPORT MALAYSIA Sandilands Foreshore @ Georgetown, Pulau Pinang, Malaysia.

PROJECT REF. 0721-7021 CLASSIFICATION Mixed Development STAGE OF PROJECT Sitework LOCATION PT 351 (Old Lot 10013), Jalan CY Choy/Lebuh Sandiland, Seksyen 11E, Georgetown, Daerah Timur Laut, Pulau Pinang, Malaysia.

(GPS Coordinates: 5.406039, 100.329246) APPROX. PROJECT COST >RM200 million APPROX. COMMENCEMENT DATE 2Q 2020 APPROX. COMPLETION DATE 4Q 2023 DEVELOPER Tanjung Villa Development Sdn Bhd (A subsidiary of Tah Wah Group) Tel: +604-3140 118 / 638 E-mail: enquiry@tahwah.com Web: www.tahwah.com Project Director: Mr Chew CM ARCHITECT East Design Architects Sdn Bhd Tel: +604-04-2293 361 E-mail: info@eastdesign.com.my Principal: Dato’ Ar Jong East Full C & S ENGINEER JNK Consultant Sdn Bhd Tel: +604-2276 688 E-mail: jnkcsb@gmail.com 46 May-June 2022 | www.b-i.biz

Director: Ir Foo Chee Boon M & E ENGINEER SAA Consults Sdn Bhd Tel: +604-281 2278 E-mail: saa.consult@gmail.com Electrical Engineer: Mr Tan Yu Quan QUANTITY SURVEYOR HKH Jurukur Bahan Tel: +604-229 3714 E-mail: hokokhua@gmail.com Director: Mr William Hoe

MAIN CONTRACTOR To Be Appointed BRIEF DESCRIPTION Project is a leasehold affordable development situated on 4.23 acres of state-owned land. It has two parcels; Parcel A comprises 482 units of Affordable Homes (built-ups of 800 - 900 sq ft), 80 commercial units 8built-up of 800sq ft) and six levels of shops and offices. Meanwhile Parcel B will consist of 321 units of Low-Medium Cost Apartments with built-up of 700sq ft.

Aston Acacia @ Bukit Mertajam, Pulau Pinang, Malaysia.

PROJECT REF. 0621-7015 CLASSIFICATION Mixed Development STAGE OF PROJECT Sitework LOCATION Lot 427, Seksyen 4, Persiaran Aston Indah, Bandar Bukit Mertajam, Seberang Perai Tengah, Pulau Pinang, Malaysia.

(GPS Coordinates: 5.363452,100.4653018) APPROX. PROJECT COST RM269 million APPROX. COMMENCEMENT DATE 1Q 2020 APPROX. COMPLETION DATE 2024 DEVELOPER Tinggian Development Sdn Bhd (A subsidiary of Hua Yang Berhad) Tel: +604-3866 138 E-mail: pg@huayang.com.my Web: http://huayang.com.my/ CEO: Mr Ho Wen Yan ARCHITECT aLM Architects Tel: +604-6566 870 E-mail: alm@alm-architects.com Web: www.alm-architects.com Co-principal: Ar Liew Tze Siang C & S ENGINEER A&P Engineering Consultants Tel: +604-2260 585 Director: Ir Andy Lian M & E ENGINEER TAFA Perunding Sdn Bhd Tel: +604-3839 618/638 E-mail: tafasb@gmail.com Principal: Mr Foong Kok Hong QUANTITY SURVEYOR Unitech QS Consultancy Sdn Bhd Tel: +604-2290 092 E-mail: admin@uqs.com.my Web: https://uqs.com.my/ Director: Sr Andy Ng MAIN CONTRACTOR To Be Appointed BRIEF DESCRIPTION Project consist of two 33-storey towers atop a carpark podium situated on 4.4 acres of freehold land, which will be built in two phases. Each tower will house 311 serviced apartment units

with built-ups of 701 - 1,206 sq ft with 4 different layouts. 38 units of shop offices will be located at the ground level.

Facilities available include swimming pools, themed gardens, outdoor gym, squash court,

kids and teen play areas, fitness room, yoga nest etc. It will also have Level 21 Sky Lounge with terrace box, seating area, swing garden and a chill out deck.

May-June 2022 | www.b-i.biz 47

EXHIBITIONS & CONFERENCES

6TH AFRIWOOD EAST AFRICA 2023 23 - 25 February 2023 www.expogr.com/tanzania/woodexpo/

For more updated information, please visit www.b-i.biz

ARCHIDEX 2022 29 June - 02 July 2022 https://archidex.com.my/ ARCHXPO 2022 16 - 18 November 2022 http://archxpo.com.sg/ ASIAWATER 2022 07 - 09 December 2022 www.asiawater.org/ BAUMA 2022 24 - 30 October 2022 www.bauma.de/index-2.html BAUMA CHINA 2022 22 - 25 November 2022 www.bauma-china.com/en/ BAUMA CONEXPO INDIA 2023 January 31 - February 03 2023 www.bcindia.com BIEL LIGHT + BUILDING BUENOS AIRES 2023 12 - 15 April 2023 http://biel-light-building. ar.messefrankfurt.com/buenosaires/ en.html#acreditacion BIFA WOOD VIETNAM 2022 22 - 25 June 2022 http://bifawoodvietnam.com/ BUILDING CONSTRUCTION TECHNOLOGY EXPO 2022 15 - 17 September 2022 https://bct-construction.com/ CAMBUILD 2022 06 - 08 September 2022 www.cambuildexpo.com/ DUBAI WOODSHOW 2023 07 - 09 March 2023 www.woodshowglobal.com/dubai ECO EXPO ASIA 2022 26 – 29 October 2022 www.ecoexpoasia.com ENGINEER 2023 06 - 09 September 2023 http://engineermalaysia.com.my/

48 May-June 2022 | www.b-i.biz

ETHIOPIA LIGHT EXPO AFRICA 2022 07 - 09 July 2022 http://expogr.com/ethiopia/lightexpo/ index.php EXPORT FURNITURE EXHIBITION 2023 09 - 12 March 2023 www.efe.my INDIAN CERAMICS ASIA 2023 15 - 17 February 2023 www.indian-ceramics.com/ INTERNATIONAL ENERGY WEEK (IEW) 2022 22 - 24 November 2022 http://iew.my/ INTERNATIONAL GREENTECH & ECO PRODUCTS EXHIBITION & CONFERENCE MALAYSIA (IGEM) 2022 12 - 14 October 2022 www.igem.my KAZBUILD 2022 07 - 09 September 2022 http://kazbuild.kz/en/news/7-8-2009denstroit LAOBUILD 2022 20 - 22 October 2022 www.laobuild.com/ LED EXPO THAILAND 2022 21 - 23 September 2022 www.ledexpothailand.com/ LIGHTING + BUILDING SERVICES TECHNOLOGY 2022 (RUSSIA) 19 - 22 September 2022 http://interlight-moscow. ru.messefrankfurt.com/moscow/en.html LIGHTING ASIA 2022 16 - 18 November 2022 https://architecturebuildingservices.com. sg/events/ledlightasia-2/ M&T EXPO 2022 30 August – 02 September 2022 https://www.mtexpo.com.br/en/ MALAYSIAN INTERNATIONAL FURNITURE FAIR (MIFF) 2022 06 - 09 July 2022 http://2021.miff.com.my/

MEGABUILD INDONESIA 2022 16 - 19 June 2022 https://megabuild.co.id/ METALTECH 2022 (VIRTUAL EXHIBITION) 22 - 25 June 2022 www.metaltech.com.my/ MINING VIETNAM 2022 22 - 24 June 2022 http://miningvietnam.com/?lang=en PISCINE GLOBAL EUROPE 2022 15 - 18 November 2022 www.piscine-global-europe.com/en REVAC EXPO & FORUM 2022 07 - 09 November 2022 www.revac.org/ ROSBUILD 2023 28 February - 03 March 2023 www.rosbuild-expo.ru/en/ SMART HOME + CITY INDONESIA 2023 02 - 04 March 2023 www.smarthomecity-exhibition.net/ SMART NATION 2022 EXPO 27 - 29 September 2022 http://smartnationexpo.org/ SYDNEY BUILD 2022 01 - 02 June 2022 www.sydneybuildexpo.com/welcome TENAGA EXPO & FORUM 2021 (VIRTUAL) 01 - 30 November 2021 www.tenaga.org/ THE TOTALLY CONCRETE EXPO 2022 07 - 09 June 2022 www.africanconstructionexpo.com/totallyconcrete/ WORLDBEX 2022 31 August - 03 September 2022 https://worldbex.com/ YAPI - TURKEYBUILD ISTANBUL 2023 26 − 29 April 2023 http://yapifuari.com.tr/Home

ADVERTISERS’ INDEX

Nippon Paint (M) Sdn Bhd ............................................................... 16 -19

ETX Industries Sdn Bhd ......................... Inside Back Cover, Back Cover

Swissma Building Technologies Sdn Bhd ............................................ 09

Inovar Contracts Sdn Bhd ..................................................................... 05

Tormax Far East Sdn Bhd ...................................................................... 15

Lion Stone Sdn Bhd ......................................................................... 02 - 03

UAC Bhd ....................................................................... Inside Front Cover

www.cscmalaysia.com

ETXindustries@gmail.com www.inovarfloor.com/my www.lionstone.com.my

https://professional.nipponpaint.com.my www.swissma.com www.tormax.com www.uac.com.my

Midea Scott & English Electronics Sdn Bhd ..................................... 01, 35

https://my.midea.com

24/7 DIGITAL ADVERTISING & BRANDING When business is good, it pays to advertise; When business is bad, you’ve to advertise.

KDN: PP 7080/10/2012

(030780)

ISSN: 0128 472X RM20.00 / USD10.00 MAY-JUNE 2021 www.b-i.biz

The Covid-19 pandemic have greatly affected business and how we Live, Work and Advertise; especially for the Building & Construction industry in Malaysia.

Volume 30 No 6 March/April 2021

The new business model is cost effective DIGITAL ADVERTISING with focus on B&I’s EDM e-broadcast program for the promotion of your products, projects, events etc.

BEING HAPPY IS BEING TOGETHER! Endorsed/Supported by:

| MGBC CIDB | PAM | BMDAM | ILAM ARCASIA | MATRADE

INE M RUCTION MAGAZ L, BUILDING & CONST URAL, ECTURA HITECT ASIA’S LEADING ARCHIT

WHY GO DIGITAL with B&I 1. One of our main assets is our COMPREHENSIVE database. Since 1991, we have been Compiling, Updating & Upgrading our Database from authoritative sources, such as PAM, CIDB, REHDA, MBAM, MIID, BMDAM, JKR etc. that includes Architects, Engineers, QS, Developers, Contractors etc.

2. IMAGINE 50,000 SALES VISITS per EDM within 24 hours, especially to those with new and ongoing projects. Accessible 24/7 anytime, anywhere, you do not need to wait for Trade Visitors or potential clients; we will bring your advertising message to their doorstep.

3. No additional cost in the printing & distribution of catalogues.

KDN: PP 7080/10/2012 (030780) ISSN: 0128 472X RM20.00 / USD10.00 MARCH-APRIL 2021 www.b-i.biz

A TALK WITH MR REX PENNEFATHER General Manager of ASSA ABLOY Opening Solutions Malaysia

CHENGDU FUTURE SCIENCE AND TECHNOLOGY CITY @ CHENGDU, CHINA Volume 30 No 5

KEPPEL MARINA EAST DESALINATION PLANT POPULUS @ DENVER, USA 18 ROBINSON @ SINGAPORE

March/April 2021

SPECIAL INTRODUCTORY OFFER:

Endorsed/Supported by: CIDB | PAM | BMDAM | MGBC ARCASIA | MATRADE | ILAM

ASIA’S LEADING ARCHITECTURAL, BUILDING & CONSTRUCTION MAGAZINE

a. 2 monthly EDM plus b. 1 full page color digital advertisement & editorial feature of your products. c. Logo hyperlink of your website at B&I website for 3 months.

KDN: PP 7080/10/2012

(030780)

ISSN: 0128 472X RM20.00 / USD10.00 NOVEMBER-DECEMBER www.b-i.biz

2020

A single success will more than offset your advertising investment.

r 2020

November/Decembe

Stay Healthy & Safe, Thank you.

Volume 30 No 3

For advertising and editorial services please contact: B&I WORLDWIDE SDN BHD: Josephine Lim WhatsApp or Tel: 019-273 8333; E-mail: jo@b-i.biz Website: www.b-i.biz

MALAYSIA’S RESPONSE ITS TIMBER INDUSTRY TO COVID-19 & THE STATE OF BY COUNCIL

MALAYSIAN TIMBER LIGHTWALK @ SEOUL, SOUTH KOREA TENCENT BEIJING HEADQU ARTERS @ CHINA Endorsed/Supp orted by:

CIDB | PAM | BMDAM | MGBC ARCASIA | MATRADE | ILAM

ASIA’S LEADING ARCHIT ECTURAL,

BUILDING & CONST RUCTION MAGAZ INE

May-June2022 | www.b-i.biz 49

For advertising enquiries, please contact us at tel: +603-5631 9395 or e-mail to b-i@b-i.biz.

CSC Steel Sdn Bhd ...................................................................................31

An Event Of:

HYBRID EXHIBITION

29 KLCC JUNE

02

KL CONVENTION CENTRE, MALAYSIA

10AM - 7PM Digital Platform:

JULY

THE 21ST INTERNATIONAL ARCHITECTURE, INTERIOR DESIGN & BUILDING EXHIBITION 2022, MALAYSIA

ASIA’S LEADING ARCHITECTURE BUSINESS EVENT

BUILDING BEYOND TOMORROW Featuring:

SCAN HERE for More Info

www.ARCHIDEX.com.my

Supported By:

Endorsed By:

Jointly Organised By:

Product Usage

Solid Stylish Security ÷ ÷ ÷ ÷ ÷

Looks good, durable security & maintenance free Various series & heights to suit your requirements Anti-Climb, Anti-Cut & Anti-Pest Galvanised or Powder Colour Coated Non-obligatory quotation; please state series, height, perimeter & location

SERIES AVAILABLE: Anti-Climb, SFA, SFB, SFD and SFAV

SFA Series Anti-Climb Series SFD Series 3m Anti-Climb Series

SFA Series