Herald August 2018 by Henry Butcher Malaysia

AUGUST 2018

KDN PP18893/11/2015(034373)

by Henry Butcher Malaysia

RISING TO THE OCCASION WITH MORPHOSIS PLUS

Le Nouvel KLCC Takes Tokyo

KL New Launches H1 2018 vs H1 2017 Launches in 1H 2018 held back by GE 14

Value Map Series: Kepong Part 1

Br a n de d R e s i de n c e s T h e Ri t z- C a r lt o n Le ge n da r y Service Ex cl u si v e O wn e rs - o nly Lux ur y A m e n i t ies Fr e e h o l d Nei g hb o u r i n g K LCC Pe tron a s Twi n Tow er s Actual show home

A H E R I TA G E O F L U X U R Y L I V I N G A WORLD LEGENDARY BRAND The Ritz-Carlton Residences, Kuala Lumpur, Jalan Sultan Ismail, are designed to be the hallmark of luxury living. Setting the standard for service and innovations in a premiere living experience, The Ritz-Carlton brand has built its reputation for impeccable service and attention to detail. A PRESTIGIOUS DEVELOPMENT Ideally located in the dynamic heart of the capital city, The Ritz-Carlton Residences are one of the two towers at Berjaya Central Park, a prestigious development adjacent to the renowned KLCC Petronas Twin Towers and KL Tower. The development is within the vicinity of corporate and commercial centers, shopping districts, international hotels, famous tourist and entertainment spots. The Residences consist of 288 homes: • Typical Units: 1,023 sf - 2,142 sf (1 Bdr, 2 Bdr & 3 Bdr) • Penthouses: 2,605 sf - 4,284 sf (3 Bdr & 4 Bdr)

Besides being equipped with advanced amenities and features, The Residences are managed by a dedicated team of Ritz-Carlton ladies and gentlemen who are on hand to cater to the residents’ every need, in accordance with the legendary brand’s standards, providing a lifestyle that delivers privacy and comfort for each homeowner. REDEFINED EXPERIENCE Homeowners at The Residences and their families are sure to enjoy an indelible journey of experience with the tailored services and privacy: • Privileged ownership in the legendary brand • Premium management by The Ritz-Carlton • A heritage of luxury living with personalize services including 24-hour concierge services, and a la carte services such as housekeeping and more • Privacy ensured with CCTV surveillance system and card access system to residential lobby & dedicated floors

Grand Lobby

Infinity Lap Pool

The Residences are ready to move in, with actual show homes for viewing.

C O N TA C T

Ch ri s t i n e Ch u a Ni g el Ch i n L in da Oo i

REN09437 REN09436 REN09433

0 1 2 -3 1 4 2 8 6 4 0 1 2 -3 9 6 0 3 0 7 0 1 2 -2 3 6 3 0 6 5

Residence Lounge

The Ritz-Carlton Residences, Kuala Lumpur, Jalan Sultan Ismail are brought to you by one of Malaysia’s largest conglomerates, Berjaya Corporation Berhad. Developer : Wangsa Tegap Sdn Bhd (Company No. : 185589-W) (A wholly-owned subsidiary of Berjaya Corporation Berhad) Property Gallery : 02-20, Level 2, West, Berjaya Times Square, No. 1, Jalan Imbi, 55100 Kuala Lumpur, Malaysia. Head Office : Level 12, East, Berjaya Times Square, No.1, Jalan Imbi, 55100 Kuala Lumpur, Malaysia. Tel : (6)03-2142 8028 / Fax : (6)03-2143 2028 | Email : info@rcr-kl.com | Website : www.rcr-kl.com

The Ritz-Carlton Residences, Kuala Lumpur, Jalan Sultan Ismail are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C. or any of its affiliates. Wangsa Tegap Sdn Bhd uses The Ritz-Carlton marks under a license from an affiliate of The Ritz-Carlton Hotel Company, L.L.C.

AUGUST 2018

by Henry Butcher Malaysia

Publisher Henry Butcher Malaysia Sdn Bhd 25, Jalan Yap Ah Shak, Off Jalan Dang Wangi, 50300 Kuala Lumpur.

Editor’s Note

T• (03) 2694 2212 E• admin@henrybutcher.com.my W• www.henrybutcher.com.my

OUR SERVICES Valuation

Tel :603-26942212 Fax: 603-26943484 Email: hbmalaysia@henrybutcher.com.my

Project Marketing

Tel: 603-26942212 Fax: 603-26925771 Email: tang.cm@henrybutcher.com.my

Real Estate Agency

OUR MAIDEN VOYAGE TO TOKYO WITH LE NOUVEL KLCC

Tel: 603-26942212 Fax: 603-26941261 Email: hbre@henrybutcher.com.my

Market Research & Development Consultancy Tel: 603-42702072 Fax: 603-42702082 Email: hbampang@henrybutcher.com.my

Retail Consultancy

Tel: 603-91305550 Fax: 603-91304003 Email: tanhaihsin@yahoo.com

We are happy to announce that Henry Butcher Real Estate has made its mark in the Japanese soil just in the last few weeks. In collaboration with Beyond Borders Japan, we brought Wing Tai Malaysia’s Le Nouvel KLCC across the sea to Tokyo, Japan, for a private event to introduce Le Nouvel KLCC.

Facilities & Asset Management

Tel: 603-62053330 Fax: 603-62062543 Email: admin.assetmgmt@henrybutcher.com.my

Plant & Machinery Consultancy

Tel: 603-26942212 Fax: 603-26943484 Email: hbmalaysia_pnm@henrybutcher.com.my

Auctions & Tender Sales

Tel: 603-26942212 Fax: 603-26941292 Email: auctions@henrybutcher.com.my

The Japanese market is relatively new to us but it presented a refreshing experience to be a part of this intimate event. We believe Japan is an ideal place to garner interest from astute Japanese investors as part of their strategy to diversify their asset classes and portfolio. And as we engaged in interactive discussions to further understand potential investors’ needs when it comes to buying a property in Malaysia, it was also a pleasant surprise to learn that many of our attendees were already familiar with Malaysia as some of them had visited here before and understood our real estate climate.

Art Consultancy

Tel: 603-26913089 Fax: 603-26021523 Email: info@hbart.com.my

OUR OFFICES

PAST EDITIONS

2018

Jan 2018

Feb 2018

May 2018

Jun 2018

Mar 2018

Apr 2018

A special mention and token of appreciation for our esteemed partner, Beyond Borders Japan for working with us and bringing Le Nouvel KLCC to Japan. We would also like to extend our sincere gratitude to our client Wing Tai Malaysia for entrusting us with marketing the exquisite project to Tokyo, especially so since it is our maiden venture there. There will be more to come in the coming months but for now sayonara as we look towards a busy schedule to the concluding months of 2018.

Linda Ooi

Senior Manager, Henry Butcher Real Estate

One of the takeaways from our trips (twice now at the time of writing) is that we observed how the Japanese could sit through a 2-hour session in complete engrossment, taking in the whole event uninterrupted. This goes to show the appreciation the Japanese investors have for the property scene in Malaysia and their interest in learning about cross border investments.

Jul 2018

Printed by:

Percetakan CL Wong Sdn Bhd AS-84, Jalan Hang Tuah 4, Taman Salak Selatan, 57100 Cheras, Kuala Lumpur.

3 / HERALD AUGUST 2018

L-R: Yuki Takaine (Beyond Borders Japan), Yuma Fukijawa (Beyond Borders Japan) ,Tadayoshi Endo (Beyond Borders Japan), Calvin Kwet (Wing Tai Malaysia), Lim Eng Chong (Henry Butcher), Linda Ooi (Henry Butcher) , Catherine Lee (Wing Tai Malaysia) and Christine Chua (Henry Butcher).

LE NOUVEL KLCC TAKES TOKYO

Henry Butcher Real Estate Sdn Bhd together with Beyond Borders Tokyo made a mark in the Japanese soil as they introduced Wing Tai Malaysia’s Le Nouvel KLCC to Japanese investors for the first time this early August. Taking place at the Shinjuku Prince Hotel in Tokyo, this private event witnessed a successful prelude to Henry Butcher’s initiative to demonstrate the real estate climate in Malaysia. This is in efforts to encourage potential investors from Japan to look into Malaysia as an ideal option next.

The epitome of luxury living in the heart of the city, Le Nouvel KLCC is built for those who could appreciate and afford the allure of waking up to the view of the majestic Petronas Twin Towers. Le Nouvel is principally designed by architect extraordinaire Jean Nouvel, who has won nearly every notable accolade in architecture including the Pritzker Architecture Prize. Le Nouvel is also a collaborative effort with other renowned architects, namely Herve Descottes, Patrick Blanc and Koichiro Ikebuchi. Patrick Blanc’s specialty in botanics shines through the vertical planters with more than 200 species of plants vining throughout them. Meanwhile, Marie Maillard has designed the residence’ curtain wall with glass frit patterns made of various leaf patterns to echo and complement the vertical green façade.

between potential investors and experts from the real estate market. The whole seminar was conducted in Japanese by Tadayoshi Endo and Yuma Fujikawa, who ran through a presentation on Le Nouvel KLCC, snapshots of the Malaysian market especially the KLCC vicinity and more importantly educating the participants on the Malaysia’s real estate market. Also, the speakers touched on Malaysia My Second Home (MM2H) program to demonstrate some of the key features which could benefit potential investors. This could be encouraging since it is evident that the influx of Japanese into Malaysia via MM2H is observed due to various factors such as business relationships, tourism and more.

The event was held at the Garnet Party Space, Shinjuku Prince Hotel, Tokyo.

During the course of the event which took place in an intimate setting encouraged a highly interactive discourse

4 / HERALD AUGUST 2018

Speaker Yuma Fukijawa from Beyond Borders Japan running through the presentations in Japanese.

Attendees during the seminar session.

Actual site photo taken from Le Nouvel KLCC

Interactive discourse during the seminar.

Director of Henry Butcher Malaysia, Lim Eng Chong in discussion with fellow Japanese attendees.

Actual site photo taken from Le Nouvel KLCC

Networking session taking place at the end of the seminar.

Initially, the influx of tourists were purely for leisurely purposes but as time goes, interests are piqued for them to invest in the property market instead owing to affordability relative to the property climate in Japan. Le Nouvel stands on a premium piece of real estate, and arguably the most sought-after address at the heart of Kuala Lumpur’s business and lifestyle district owing to its location along Jalan Ampang. It is also conveniently located within 5 minutes walking distance to the KLCC LRT Station and surrounded by high-end shopping centres such as Suria KLCC, Avenue K and Pavillion. Not only that, there are also office spaces and banks in the same vicinity as Le Nouvel that makes it convenient for potential buyers. Full of facilities that features a gym, yoga room, game room, a theatre and karaoke room perfect for young professionals as well as families, Le Nouvel is deemed a collector’s piece

right in the heart of Kuala Lumpur. The luxury factor paired with the accessibility and convenience that comes with the property is definitely worth a visit especially when Japan’s real estate market is one of the most expensive in the world. Therefore, this event was a commendable success which not only highlighted Wing Tai’s Le Nouvel KLCC to the Japanese for the first time, it also paves an introduction for Henry Butcher in Japan, in collaboration with Beyond Borders Japan. Due to favourable response, Henry Butcher will be returning to Tokyo for the second time to continue promoting Le Nouvel to the Japanese market.

Level 34 Cocktail Lounge

• • • • •

Freehold Sky bridge on Level 34 3 minutes walking distance to KLCC 5- Star Luxury Facilities Pritzker Architecture Prize Laureate, Jean Nouvel

C O N TA C T U S

C h r i s ti n e C h u a Ni ge l C h i n L i n da Oo i

REN0 9 4 3 7 REN0 9 4 3 6 REN0 9 4 3 3

0 1 2 -3 1 4 2 8 6 4 0 1 2 -3 9 6 0 3 0 7 0 1 2 -2 3 6 3 0 6 5

11 / HERALD JULY 2018

KUALA LUMPUR Launches in 1H 2018 held back by GE14.

SETAPAK

by Henry Butcher Research

N SETAPAK

2 2 High-rise

Jan - Jun 2017

Jan - Jun 2018

SEGAMBUT

1 1 High-rise

PROJECTS

1 1 High-rise

Strata Landed

PROJECT

High-rise

RM350 RM350 RM400 RM400 psf PROJECT psf

WANGSA MAJUWANGSA M

1 1

High-rise

RM800 RM800 RM900 RM900 psf PROJECT psf

18,697

2 2

8,957

UNITS

1 1 High-rise

Strata Landed

PROJECT

Strata Landed

1 1

PROJECT

RM900 RM900 RM1000 RM1000 psf PROJECT BUKIT psf BINTANGBUKIT BINTANG

1 1 High-rise

High-rise

RM700 RM700 RM800 RM800 psf PROJECT psf

PROJECT

1 5

Mar

OUG

2 2

PROJECTS

BUKIT JALIL BUKIT JALIL

1 1 High-rise

PROJECT

5 Types of Projects Launched

10 7 7 7

4 2 0

High-rise

RM350 RM350 RM550 RM550 psf PROJECTS psf

Apartment/Flat

Soho/Sofo/Sovo/Soso

6 / HERALD AUGUST 2018

Condominium

Serviced Residence/ Serviced Apartment

CHERAS

2 2 High-rise

OUG

High-rise

CHERAS

PROJECTS

Apr

High-rise

RM1900 RM1900 RM2100 RM2100 psf PROJECT psf

TAMAN DESA TAMAN DESA

Feb

1 1 High-rise

PROJECT

3 Jan

High-rise

RM800 RM800 RM1000 RM1000 psf PROJECT psf

RM1600 RM RM1700 RM psf PROJECT

CITY CENTRE CITY CENTRE

Total Launches by Month

Jun

1 1

High-rise

RM660 RM660 RM1400 RM1400 psf PROJECTS psf D’SARA HEIGHTS D’SARA HEIGHTS

09 07% %

PROJECTS

Hig

High-rise

MONT KIARA MONT KIARA High-rise

May

1 1 High-rise

RM600 RM JALAN KUCHING JALAN KUCHING RM High-rise High-rise RM700 psf PROJECT p PROJECT RM450 RM450 RM500 RM500 AMPAN psf PROJECT psf AMPANG PROJECT

DUTAMAS

PROJECTS

PROJECT

PROJECTS

High-rise

RM300 RM300 RM500 RM500 psf PROJECTS psf

High-rise

RM700 RM700 RM800 RM800 psf PROJECT psf

High-

RM500 RM50 RM1000 RM10 psf PROJECTS psf

The first half of 2018 witnessed an 18% decline in the number of new projects launched in Kuala Lumpur compared to the same period in 2017. In terms of number of units, the drop was even more significant with a 52% dip in the total number of units launched. This could be due to weaker market sentiments but a key reason would be the 14th General Elections which took place in May. That month saw no new projects being launched as developers held back in view of the general lack of interest to make substantial financial commitments during this period where the pervasive focus was on politics and there was an overall uncertainty of how the elections would pan out. Developers came back to the market with five new launches in June to latch onto the feel-good factor after the elections unexpectedly resulted in a change of government. As to be expected, all the new projects launched in land scarce Kuala Lumpur were strata residential properties with condominiums and service apartments forming the bulk of units launched. The majority of developers played it safe, preferring to focus on units with sizes of less than 1,000 sq ft which could then be priced at more financially accessible levels. Based on our analysis, 33% of the projects launched in 1H 2018 offered units with built-up areas within the 801 to 1,000 sq ft band and another 22% had a mix of units within the 1,001 to 1,200 sq ft range. Only 5% of the projects offered units larger than 2,000 sq ft in size.

Unit Sizes by Projects*

< 600sf

New projects launched in 1H 2018 were spread throughout Kuala Lumpur with Setapak, the OUG/Old Klang Road area, Mont Kiara and Cheras seeing more than one new project launched. With the dust now having settled down and the new policy directions of the nascent administration which has just passed its 100th day in power beginning to take shape, developers have gone back to their launching pads and the market is likely to see a ramping up of new project launches in the coming months, provided that the economic outlook and property market conditions remain positive or at least stable.

Pricing by Projects*

801sf - 1,000sf

33%

Price Per Square Feet*

< RM400,000

16%

12%

25%

In terms of price per sq ft, 29% of the projects were analysed to be priced within the RM501 to RM750 per sq ft band and 39% within the RM751 to RM1,000 per sq ft range. Only 15% of the projects had units priced above RM1,500 per sq ft.

601sf - 800sf

17%

Approximately 31% of the projects had units priced above the RM1 million threshold whilst 21% of the projects offered for sale were between RM400,001 and RM600,000 price band and another 21% between RM600,001 and RM800,000.

< RM500

10%

18%

24%

RM401,000 - RM600,000

20%

21%

RM501 - RM750

32%

RM601,000 - RM800,000

29%

RM751 - RM1,000

1,001sf - 1,200sf

22%

20%

21%

25%

33%

1,201sf - 1,500sf

19%

23%

1,501sf - 1,800sf

17%

Above RM1,000,000

0% Above 2,000sf

18%

0% Above RM1,500

1,801sf - 2,000sf

RM1,001 - RM1,500

RM801,000 - RM1,000,000

21%

31%

14%

* Based on total number of projects launched.

15%

7 / HERALD AUGUST 2018

Thumbs-up for a successful event! (Second from left:) Datuk Vincent Sim, YB Maria Chin Abdullah, YB Fahmi Fadzil, Lim Eng Chong, Datuk Seri Abdul Jalil Hamid and Alfian Talib. (Second from right:) artist Azlyn Aziz.

RISING TO THE OCCASION WITH MORPHOSIS The Independence Day celebration for 2018 is definitely a significant one as Galeri Prima in collaboration with Henry Butcher Art Auctioneers organised an art exhibition, aptly dubbed MORPHOSIS, that was officially launched on the 29th of August 2018, at Galeri Prima.

This exhibition tugs the strings of patriotism through a series of artworks by cohort of 88 local artist, demonstrating their interpretation of our nation’s transformation, from the early days of Independence in 1957, till the wake of new Malaysia, post General Election 2018. MORPHOSIS endorses a space that pay homage to emerging artists as well as veterans of the field all in one place where all 88 artworks were displayed throughout the gallery. MORPHOSIS features art pieces that gives a voyeuristic take because it demonstrates the personal views of these artists on the past and present political and sociological climate in Malaysia. According to curator and Galeri Prima’s manager, Azlynn Aziz, she believes the “morphosis” that Malaysia is going through is reflected through the exhibition whereby the whole theme is at par with the current affairs of the nation and its journey so far. Therefore, the nationalism and raw honesty of the artists were evident as projected through the masterpieces that now adorns the gallery for a limited time only.

8 / HERALD AUGUST 2018

The anchor piece of the exhibition, Dirgahayu Negaraku - Susah Payahnya Membina Negara by Ismadi Salehuddin, depicts how it is to build this country. As he succinctly explained, “Andaikata satu kayu dicabut darinya ianya akan longgar, dicabut dua ianya akan goyah, dicabut tiga maka akan terlerailah kesemua ikatan dan pautan yang ada yang akhirnya akan meruntuhkan serta

menghancurkan keseluruhan struktur binaan bendera ini, dengan kata lain…Musnahlah Negara! Pupuklah rasa sayang kita padanya. Anda semua tidak perlu lagi bersusah-payah membinanya kerana ianya sudah terbina. Jagalah ia dengan sebaiknya. Hormatilah ia. Sayangilah negara kita, bernama Malaysia. Benarlah peribahasa lama, BERSATU KITA TEGUH, BERCERAI KITA ROBOH.”

Ismadi Salehuddin created this installation of our national flag by assembling planks of wood, metal and gold elements as has a metaphoric message about unity in Malaysia. According to his statement, these planks of woods represent us as individuals. When one plank is removed, the structure begins to fall apart and that defines the importance of us as citizens to acknowledge the significance of unity to stand strong. MORPHOSIS is open for the public from 27th August to 16th September 2018 at Galeri Prima Balai Berita Bangsar from 10 am to 6pm everyday except public holidays. Also, these artists have also unanimously agreed to contribute 40 per cent of the proceeds from the sale of their artworks displayed at the exhibition to Tabung Harapan Malaysia. They see this as their little contribution to the country. For more information, contact 032724 8300, 012-322 2081 or 016-2733628.

YB Maria Chin Abdullah leaving her Merdeka greeting on the makeshift installation of "Jalur Gemilang" made out of Post-it notes.

YB Fahmi Fadzil (MP Lembah Pantai) observing one of the artworks 'Early Morning Royal Belumâ&#x20AC;&#x2122; by Johan Marjonid; acrylic on canvas (2004).

(L-R): Datuk Vincent Sim, Sim Polenn, YB Yeo Bee Yin, artist Aizat Amir, Lim Eng Chong.

YB Yeo Bee Yin, Minister of Energy, Green Technology, Science, Climate Change and Environment and MP of Bakri (Johor) being interviewed by members of the media in attendance for the event.

It was a full house at the gallery launch with great food and high spirits.

Esteemed guests posing for a picture with participating artists (dressed in black t-shirts) of Morphosis at the end of the night.

9 / HERALD AUGUST 2018

Organised by

Brought to you by

ISMADI SALLEHUDIN DIRGAHAYU NEGARAKU - SUSAH PAYAHNYA MEMBINA NEGARA, 2017 mixed media 304cm x 579cm

AIZAT AMIR Iron Man; Iron Lady, 2018 acrylic on canvas 122cm x 122cm each

10 / HERALD AUGUST 2018

HOE SAY YONG Undulate, 2010 oil on canvas 100cm x 100cm

MD. FADLI YUSOFF TANAH TUMPAHNYA DARAH, 2016 acrylic on jute 275cm x 214cm

FAUZIN MUSTAFA Padang Permainan II, 2014 mixed media on canvas 164cm x 127cm

AZIZAN PAIMAN XXXXXX, CEKAP & AMANAH, 2012 oil on canvas 122cm x 92cm

NG FOO CHEONG Yellow Forces, 2015 mixed media on canvas 244cm x 184cm

MORPHOSIS is open for public viewing from 27th August to 16th September 2018 at Galeri Prima Balai Berita Bangsar from 10 am to 6pm everyday except public holidays. The full catalogue can be viewed and downloaded from our website, www.hbart.com.my. For enquiries please contact: Sim Polenn | E-mail: polenn@hbart.com.my | Mobile: +6016 273 3628

11 / HERALD AUGUST 2018

Hijau Ria

FRIM

Taman Kepong Indah

Casa Prima

Suria Magna

Plaza Prima

Casa Magna

Trinity Lemanja

Fortuna Centra

Residensi Kepongmas 2

Pelangi Magna

Laman Damai

Mizumi

Vista Magna

Sinar Magna

Aman Putra

*Fortune Perdana

TAMAN USAHAWAN

Fortune Court

Fortune Avenue Seroja

Fadason Park

Lakeville

Permata Fadason

TAMAN WAHYU

Mutiara Fadason

Vista Mutiara

The Herz

Residensi Seri Wahyu

eNesta

Jalan

Unio

Mutiara Magna

First Three 33 Residence

Happy Court

JINJANG

Sri Jinjang

KEPONG an

BANDAR MENJALARA

Lan

KEPONG BARU

urung

Jalan B

Residensi eNesta

Kepong KTM Station

Jal

Kepo n

Pintasan Segambut

Residensi Kepongmas

TAMAN BUKIT MALURI

JINJANG UTARA TAMBAHAN

The Henge

Hantu

TAMAN SRI SEGAMBUT

LEGEND Under Construction

Completed

Price (PSF)

Below 200

KEPONG Regeneration of Kepong.

By Henry Butcher Research and Valuation

12 / HERALD AUGUST 2018

201- 400

401 - 600

* = Asking price

TAMAN

QUICK STATS SEGAMBUT Built-Up (SF)

Price (RM PSF)

Maximum

1,604

800

Minimum

506

158

Median

1,012

371

(PART 1)

601 - 800

Above 800

Jalan Kuching

KEPONG METROPOLITAN LAKE GARDEN

COMPLETED (Built-Up SF) Minimum

Maximum

Aman Putra Apartment

721

Casa Magna Condominium

1,012

1,033

Casa Prima Condominium

1,150

1,290

Fadason Park Service Apartment

1,249

First Residence Condominium

930

1,074

Fortune Avenue Condiminium

1,162

1,239

Fortune Court Apartment

883

934

*Fortune Perdana

1,027

1,292

Happy Court Apartment

601

Hijau Ria Condominium

818

1,044

Laman Damai Apartment

650

657

Mutiara Fadason Apartment

620

650

Mutiara Magna Apartment

657

721

Pelangi Magna Flat

732

Permata Fadason Apartment

700

Plaza Metro Prima Apartment

958

Seroja Apartment

657

Sinar Magna Apartment

797

Sri Jinjang Apartment

850

990

Suria Magna Flat

635

Taman Kepong Indah Flat

506

710

Vista Magna Apartment

850

1,604

Vista Mutiara Condominium

990

1,109

UNDER CONSTRUCTION (Built-Up SF) Minimum

Maximum

eNesta Residences

916

1,537

Fortune Centra

775

1,357

Lakeville Residence

976

1,359

Mizumi Residences

901

1,027

Residensi eNesta

803

Residensi Kepongmas

800

Residensi Kepongmas 2

800

Residensi Seri Wahyu

800

The Henge

1,100

1300

The Herz

1073

1216

Three 33 Residences

760

912

Trinity Lemanja

960

1173

Unio Residence

536

1468

For this issue of our Value Map, we focus on Kepong located at the northern part of Kuala Lumpur. A former mining town back in the 1800s, Kepong is a predominantly Chinese area due to its history of housing Chinese immigrants who came to work in the tin mines located within Kepong and other mining sites further afield like Pudu. During the British occupation, Kepong was developed into a rubber plantation which affected the mining activity of the area. Consequently, residents of this locality also switched their attention to the emerging rubber plantation sector.

maximum of 1,604 sq ft (Vista Magna Apartment). In essence, developments in Kepong offer a generous amount of living space with a fair number of units available within the 1,000+ sq ft mark. Generally speaking, about 78% of the projects of the units range from RM200 to RM400 price sq ft price bracket and 12% fall within RM400 to RM600 price per sq ft price bracket. The newer condominium projects scheduled for completion around 2021 are mostly clustered around the Taman Usahawan area and moving northwards to Kepong Metropolitan Lake Gardens. There are two Rumawip components in these projects namely Residensi Kepongmas and Residensi Kepongmas 2 where both have unit sizes of 800 sq ft and above per unit and pricing-wise, falls within the RM201 to RM400 per sq ft. range.

Geographically, Kepong is situated around the borders of Kuala Lumpur and Selangor, more specifically, it is located to the north of Sungai Buloh, west of Bukit Lanjan and south of Jalan Duta. Kepong commands a rather large area and as such in this edition, we will be focussing on the southern and northern parts of Kepong. Based on our research data, there are two projects which are still under There are several major highways and construction, viz., Three33 Residence expressways that connect Kepong such and Unio Residence just 2 km apart from as the Damansara-Puchong Expressway each other. Three33 Residence by TSI (LDP), MRR2 (Middle Ring Road 2), Domain Sdn Bhd is located in TSI DUKE (Duta Ulu-Kelang Expressway) Business and Industrial Park, Jinjang. The Phase 2 that serves as an alternative built-up areas for each residence are route from the former two expressways. between 760 to 912 sq ft. Unio Residence Further, DUKE Phase 2 offers a welcome by AikBee Development Sdn Bhd on the relief to the residents in this part of town other hand, offer units with sizes of as one can now get to KL city centre in 15 between 536 to 1,468 sq ft, providing one instead of the 25 to 30 minutes that one of the larger units amongst the 13 new used to take in the past during good projects. In terms of price per sq ft, they traffic conditions. fetch higher at RM601 to RM800 per sq ft due to their proximity to central Kepong In the same vein, KTM Komuter serves as well as Kuala Lumpur city centre. Unio this area via the Kepong KTM Station and Residence is the most expensive of the Kepong Sentral Station along the KTM new launches in the area with a price tag Komuter Tanjung Malim-Port Klang of up to RM1 million a unit. route. Meanwhile, the up-and-coming MRT’s new SSP (Sungai Buloh–Ser- Kepong’s access to nature and greenery dang–Putrajaya) line is predicted to as aforementioned is evident with boost accessibility via 7 of the 26 projects like The Henge by Aset Kayamas proposed stations. Contributing directly Sdn Bhd and Mizumi Residence by to Kepong residents will be the Kepong Wawasan Metro Bina Sdn Bhd. These Sentral, Metro Prima and Kepong Baru two projects enable buyers to enjoy the stations while the stations located not serene view of the Kepong Metropolitan too far away that can equally heighten Lake Gardens that is situated north of convenience are the Damansara Damai, The Henge. The pricing of both The Sri Damansara West, Sri Damansara East Henge and Mizumi Residence which are and Jinjang stations. The SSP line is both scheduled to be completed by scheduled to be completed by 2021. 2020, start at RM440 per sq ft onwards. Another feature which is one of Kepong’s highlights is the Forest Research Institute of Malaysia (FRIM). FRIM is a must-visit recreational park for both the locals and tourists given its dense foliage, shrubs and a well preserved forest reserve. Just under a 20-minutes drive from Kepong Baru, FRIM is great for outdoor activities including but not limited to the casual strolls, jungle trekking, jogging and even picnics with friends and family.

In essence, Kepong is an older and more matured part of Kuala Lumpur. However, given the recent rapid development in the last 10 years, the younger generation of Kepong have acquired new tastes and lifestyle preferences.This probably explains the good sales take-up rates recorded by the new high rise residential projects which have been launched in Kepong which comes with modern lifestyle oriented concepts and full-fledged facilities. Added to that, the easy commute to Kuala Lumpur city For shopping, there are several retail centre is definitely a plus point, especialmalls within a 5km radius such as Brem ly when the MRT line to this part of town Mall (along Jalan Kepong), Aeon Big comes into service in the near future. (Taman Usahawan Kepong), Tesco in Bandar Menjalara and The Waterfront at Be sure to look out for the next issue where we will discuss on the second part of Kepong Desa ParkCity. which focuses on the rest of Kepong such as Desa Parkcity and Bandar Menjalara.Desa

Of the 23 completed projects covered in Parkcity and Bandar Menjalara. our study, 4 were completed in the 1990’s and 12 in the 2000’s. Unit sizes of these projects range from 506 sq ft (Taman Kepong Indah Flat) to a

13 / HERALD AUGUST 2018

(L-R) Mr. Long Tian Chek, Founding Director of Henry Butcher Malaysia, Mr. Gary Liew, Executive Director, Real Estate and Plant & Machinery Valuation Division – Henry Butcher Malaysia, Mr. Ken Kow, Director of Henry Butcher Kuantan, Mr. Chieng Yu Tang, Director of Henry Butcher Sarawak, Mr. Yeo, Senior Valuation Manager – Henry Butcher Malaysia, Puan Fahariah, Director of Henry Butcher Ampang.

HBM staff members enjoying the good food with great company.

Signature dishes by Pn. Fahariah: rendang and lemang buluh.

Complete festive air in the ofﬁce.

A variety of Malay delectables were served.

The editorial team having a light moment. Food and festivities always put smiles on their faces.

CELEBRATING

RAYA TOGETHER

14 / HERALD AUGUST 2018

Staff members going in for seconds at the buffet.

Hari Raya Aidilfitri 2018 celebration was on full swing as Henry Butcher Malaysia hosted a Raya open house exclusive to Henry Butcher Malaysia family. Held on 28 June 2018, it was a joyous occasion as everyone gathered at Henry Butcher headquarter over lunch time for a scrumptious spread of Malaysian delicacies. The highlight of the Raya feast was by Puan Fahariah Abdul Wahab’s, Director of Henry Butcher Ampang, signature dishes like rendang and lemang buluh which was no doubt a hit with the crowd. As per true Henry Butcher Malaysia tradition, the festivities kicked off at lunch hour onwards.Raya celebration at Henry Butcher Malaysia like this are always something to look forward to it brings teams together and foster cooperation amongst staffs from various levels as well as branch offices in Kuala lumpur.

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