iProperty.com Issue 95 January by iproperty.com

Voted No. 1 Property Magazine 2010/2011/2012 by A+M Magazine

BUILDING A NATION Kuala Lumpur Sentral CBD to the fore

2013 Malaysian Property Market Outlook Industry stalwarts share their thoughts

Upcoming Developments in the New Year

What can we look forward to?

MICA(P)121/04/2012 KDN PP 13368/04/2013(032224) ISSN 1823-8726

9 771823 872006

Issue 95 94 | Jan Dec 2013 2012 | RM8.00, S$8.00

CEO’s

forEwOrd

Happy New Year! 2012 has come to an end and a whole new year is begining to unfold. I love ushering in the New Year as it gives us the opportunity to make new resolutions and bid farewell to old habits! I am not sure about you, but I honestly feel that 2012 went by in a blink of an eye. 2012 has certainly been an exciting year for us at iProperty.com Malaysia. I would like to thank all of our readers for continuing to grow with us. With the New Year, the team has decided to make several changes to the magazine. From our very first issue, this magazine has emerged to be a valued source of information for property buyers and investors, and also the ideal partner for developers and advertisers to showcase their prestigious developments to a targeted group of readers. It is our commitment to ensure that you have all the information you need to make an informed decision. After all, purchasing a property is one of the biggest investments in your life.

AGENT ADVERTISING MANAGER, AGENT SALES LEON KONG MANAGER, AGENT MARKETING ERNEST BERNARD TOWLE AGENT COMMUNICATIONS SPECIALIST ANGELA SARGUNAN MARKETING CONSUMER MARKETING SPECIALIST LYDIA CHEW MANAGEMENT CHIEF EXECUTIVE OFFICER SHAUN DI GREGORIO CHIEF OPERATING OFFICER PAUL WHITEWAY CHIEF MARKETING OFFICER BECKY LENG GENERAL MANAGER – MALAYSIA TIMOTHY HOR GENERAL MANAGER, DEVELOPER EDWARD SUTTON GENERAL MANAGER, BUSINESS OPERATIONS LOH-LIM SHEN YI

While we still strive to deliver just that, we thought that the magazine could use a makeover. So, you may have noticed that we are donning a new look and feel. We welcome your thoughts and feedback, and we look forward to hearing from you. So do drop us a note at editorial@iproperty.com.

iProperty.com Malaysia Sdn Bhd (600850-K) 45-6 The Boulevard, Mid Valley City Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia. Phone: (603) 2264 6888 | Fax: (603) 2264 6900 Sales enquiries: my.sales@iproperty.com Editorial Matters: editorial@iproperty.com General enquiries: my.info@iproperty.com Subscription: subscription@iproperty.com

Wishing you a great 2013! Sincerely

iProperty.com Magazine is published monthly by iProperty.com Malaysia Sdn Bhd 45-6 The Boulevard, Mid Valley City, Lingkaran Syed Putra 59200, Kuala Lumpur, Malaysia. Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto. The views by our contributors expressed here are their personal opinions and do not necessarily reflect iProperty.com’s views.

Shaun Di Gregorio Chief Executive Officer The iProperty Group

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Unless otherwise noted, all artwork and ad designs printed in iProperty.com Magazine are the sole property of iProperty.com Malaysia Sdn Bhd, and may not be reproduced or transmitted in any form, in whole or in part, without the prior written consent of the publisher. Printer Percetakan Osacar Sdn Bhd Lot 37659, No. 11, Jalan 4/37A Taman Bukit Maluri Industrial Area Kepong, 52100 Kuala Lumpur Malaysia. Distributor MPH Distributors Sdn Bhd

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NEWS

Bolton Launches Tijani Ukay Property developer BOLTON Bhd has launched Tijani Ukay, the third series of its high-end development bearing its signature Tijani trademark, at the company’s sales gallery. Surrounding lush greenery and a large tranquil pond, the project is a modern contemporary development consisting of eight units of bungalows and 110 units of zero-lot bungalows within a gated and guarded community. Boasting an extremely low density of less than one bungalow per acre and a gross development value of RM300 million, Tijani Ukay occupies 23 acres of prime leasehold land in Ukay Perdana, Hulu Kelang. Its bungalows and zero-lot bungalows have a build-up area ranging from 3,700 sq ft to 4,900 sq ft, with prices starting from RM2.4 million depending on the land size, design and location. The project boasts 24-hour security features such as security fencing, strategically placed CCTV cameras and direct linkage to the guard house control centre which is manned roundthe-clock. An added security feature is the Video Voice Intercom linked to the guard house that is installed in every unit.

A Preview Of Setia Awan’s Seri Iskandar Business Centre Setia Awan Holdings Sdn Bhd (Setia Awan) organised a media review and walkabout to showcase the progress of the Seri Iskandar Business Centre (SIBC) in Bandar Seri Iskandar, a development that is set to become one of Northern Peninsular Malaysia’s key commercial and economic hubs. It is scheduled to be completed and fully operational in the first quarter of 2013. An integrated commercial development occupying a total area of 80 acres, the business centre is the company’s largest project to date. It comprises two, three, four and 6-storey shop office units; the shopping and entertainment complex D Mall with a gross built-up area of 308,697 sq ft; the 8-storey D Hotel with 170 rooms; full banqueting facilities and meeting rooms for business professionals; as well as the one-stop wholesale centre SIBC Wholesale City managed by Nilai 3 wholesale business operators. The event was followed by the launch of another landmark project, Lavender Heights in Senawang. The development will comprise 599 homes of mixed residences – double storey terrace homes, semi-detached homes and bungalows – with 105 terrace homes being launched initially. In addition, it offers homeowners easy access to educational and healthcare facilities, amenities, and major highways.

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BOOK REVIEW

The New Malaysian House Author : Robert Powell Photography : Albert Lim KS Publisher : Periplus Editions Price : RM155 Pages : 256

The houses in The New Malaysian House illustrate the work of more than 20 practising architects; from leaders of the profession such as Ken Yeang and Jimmy CS Lim, to relatively new arrivals such as Kevin Low’s smallprojects, John Ding and Ken Wong’s Unit One Design and Wooi Lok Kuang’s Wooi Architects. This hardcover book features 25 impressive residential homes that demonstrate the growth of architectural talent in Malaysia. The featured homes range from detached residences set in extensive landscaped gardens and weekend retreats in the rainforest, to extended family compounds and houses in gated communities.

Each glossy page is a visual treat with beautiful photographs and a detailed description of each home. The book is divided into five sections, namely, detached houses, extended family houses, houses in gated settlements, refurbished houses, and second homes and retreats. Each type of home appears to be driven by different imperatives and to reflect changing cultural practices. The New Malaysian House showcases a broad variety of design solutions ranging from the ‘unfinished’ quality of the Safari Roof House by Kevin Low of smallprojects, to the Serendah House by Haris Othman of RDA-Harris Architects and the X1 House by Lim Teng Ngiom of Ngiom Partnership. Readers can also feast their eyes on the Tierra House by Frank Ling and Pilar Gonzalez-Herraiz of Architron Design Consultants, and Sekeping Serendah, a contemporary vernacular weekend house in steel and glass in a rainforest setting by landscape architect Ng Seksan. The book also features a number of works from non-Malaysians, notably Kerry Hill with his design for the strikingly modern Bukit Ledang House, Argentine-born Ernesto Bedmar with the design of the sensuous Sadeesh House and the expansive Lurah Tunku House, and John Bulcock with the elegant and understated Pixie House.

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EXPO

iPROPERTY.COM REAL DEAL EXPO: A Smashing Success The most anticipated and highly awaited property exhibition of 2012, the iProperty.com Real Deal EXPO, turned out to be a smashing success; just the right note to end a very positive year as far as the property market is concerned. The 3-day event, which took place from 14 to 16 December 2012, was launched at the Sunway Pyramid Convention Centre (SPCC) by Dato’ Sri Peter Chin Fah Kui, the Minister of Energy, Green Technology and Water of Malaysia, accompanied by Paul Whiteway, chief operating officer of the iProperty Group. Organised by iProperty.com Malaysia, the country’s No.1 property website, the iProperty.com Real Deal EXPO featured a wide collection of properties, from prominent local developers to prestigious international property developments and real estate agents, all under one roof.

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Speaking at the launch, Dato’ Sri Peter Chin stated his appreciation for iProperty.com Malaysia’s effort to provide property buyers and investors with a convenient platform to view the latest developments in town, grab attractive deals and also have the opportunity to engage with prominent real estate figures and be in the know about the property market. He also urged all property developers to play a role in sustaining the environment by incorporating more natural and environmental features into their developments. “The need to care more for our environment has never been more crucial,” he said. “By building green, developers can save money as they reduce their construction costs, while creating sustainable buildings that are high in demand. At the same time, property buyers will also save money as their maintenance and utility bills are also reduced.”

3 “iProperty.com Malaysia also has an important role to play. As it is highly regarded as the online portal that provides the most comprehensive property listings and up-to-date news on the industry, the website can also serve as a tool to educate property buyers and investors on sustainable living,” added Dato’ Sri Peter Chin. Aside from the launch of the iProperty.com Real Deal EXPO, iProperty.com Malaysia also launched their improved iPad property

1 Dato’ Sri Peter Chin (centre) addressing members of the media after the launch of the iProperty.com Real Deal EXPO 2 Dato’ Sri Peter Chin; Becky Leng, iProperty Group’s chief marketing officer (second from right); and Whiteway (left) checking out an exhibit 3 (From right) Whiteway; Dato’ Sri Peter Chin; and Becky Leng, iProperty Group’s chief marketing officer, making their rounds at the expo

search app. Positioning the app as the ‘must have’ app for all property buyers, investors and first time home buyers who are on the hunt for their dream home, Whiteway said, “The iPad property search app has been redesigned to offer property enthusiasts a greater and more convenient platform to get the latest information on the property industry, as well as search for their dream home or next property investment at their fingertips anytime, anywhere.”

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ART@HOME

5 Exceptional Mid-career Malaysian Artists From 15 January 2013 to 15 March 2013, Shalini Ganendra Fine Art will be presenting the work of five award-winning mid-career Malaysian artists. The exhibition has taken over 12 months to realise. Carefully co-curated by Shalini Ganendra and up-and-coming talent Ai-Woei Lim, from the National Art Gallery, MidTerm introduces some of the best work across a variety of media emerging from the Malaysian contemporary scene, including mixed media work, photography, sculpture, installation, print-making and painting.

question the depletion of native resources, and the fragility and sustainability of such traditional lifestyles in the face of a rapidly developing and modernising nation.

Bibi Chew’s insightful installations are both emotionally and intellectually evocative, tracing geopolitically freighted issues of race, nation and individual identity with delicacy and intensity. More importantly, she is a Smithsonian SARF Nominee for 2013.

The ‘mid-career’ label is an indicator of growing excellence. All these artists have successful solo shows behind them. They have gained recognition within their own field, in addition to local and international education and experience.

This examination of interior and exterior life also lies at the heart of Eiffel Chong's wonderfully executed pictorial photographic series, whilst Jasmine Kok’s marble carvings evoke organic forms as the beginning for the exploration of a particular sensuality of being.

MidTerm catches these established artists relating their important journeys and narratives through exciting new works. From printmaking and sculpture, to photography and installation work, the exhibition will display the broad range of artistic creativity so skilfully undertaken to tackle the subject of the Malaysian identity and its contemporary society.

As well as their shared concern and intellectual ability, these artists are connected by their commitment for technical excellence, mastery of craft and aesthetic distinction. The works are beautiful and intelligent – with local roots and global perspectives.

This is a subject that fascinates all five of the selected artists. Kim Peow Ng’s experimental prints are infused with nostalgic memories of a small town childhood, and his experimental collographs examine the relationships between the individual, society and the environment. This theme is taken up by Suhaimi Fadzir’s fishtrap sculptures. Inspired by the plight of the orang asli, the steel recreations of delicate and vital indigenous structures lead us to

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1 Bibi Chew, HomeGrown I, 8in x 16in, Mixed Media 2 Jasmine Kok, Seed, Marble

MidTerm: Bibi Chew, Eiffel Chong, Jasmine Kok, Kim Peow Ng & Suhaimi Fadzir >> Duration : 15 January 2013 – 15 March 2013 >> Venue

: Shalini Ganendra Fine Art @ Gallery Residence

8, Lorong 16/7B, Section 16 Petaling Jaya, Selangor, Malaysia >> Hours

: Tuesday – Saturday, 11am – 7pm

>> TEL

: (603) 7960 4740

>> Email

: sgfa88@gmail.com >> WEBSITE : www.shaliniganendra.com

6 Decades of Latiff Mohidin: A Retrospective 6 Decades of Latiff Mohidin: A Retrospective presents a variety of art forms produced by Latiff Mohidin since the 1950s through 2000s. It is a reflection on the process of making art, the artworks and thoughts of an artist who contributes much to the development of Malaysian visual arts. A collection of about 100 artworks which include drawings, paintings, prints and sculptures are chosen to be displayed. A collection of book cover illustrations of his published poetry and other publications will also be shown. His six decades of artistic journey are best described with his nine major painting series respectively entitled as Pra Berlin (1951 – 1959), Berlin (1960 – 1964), Pago-Pago (1964 – 1969), Mindscape 1 (1974), Langkawi (1976 – 1980), Mindscape 2 (1982), Gelombang (1988), Rimba (1997) and Voyage (2001), together with a few smaller series and other forms apart from paintings. The mentioned series of artworks are divided into three time periods denoting important phases of his artistic journey. The periods are, 1) Formative Period: the times of discovering, learning and exploring the visual arts, 2) Meditative Period: the times

1 Mindscape X, 1973, Oil on Canvas, 178cm x 254cm 2 Pago-Pago, 1964, Cat Minyak, 98cm x 98cm of further understanding the roles and responsibilities of being an artist, and, 3) Gestural Period: the times when maturity appeared in both visual and literary works. This exhibition, apart from drawing up an artistic journey of an artist and his works, also reflects how an artist’s works can be meaningful in building up the nation. It is hoped that young artists will aspire to become better, and art scholars to continuously research and publish for the benefit of Malaysian art and cultural development.

6 Decades of Latiff Mohidin: A Retrospective >> Duration : 26 December 2012 – 13 June 2013 >> Venue

: National Visual Arts Gallery, No. 2 Jalan Temerloh

Off Jalan Tun Razak 53200 Kuala Lumpur, Malaysia. >> TEL

: (603) 4026 7000 >> FAX (603) 4024 4998

>> WEBSITE

: www.artgallery.gov.my

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VIEWPOINT

2013 Malaysian Property Market Outlook The new year’s outlook for any industry is rife with conjecture, and the property scene is no exception. Nevertheless, the opinions that count are the ones that come from the industry stalwarts themselves. By Ong Xin Ying

The end of a year heralds the dawn of a new one, and as always this means a lot of speculation as to what is going to transpire over the course of the next 12 months. In light of the continued gloominess of the global economic outlook and other factors such as local concerns in the form of housing credit tightening by the banks,

some have expressed scepticism regarding how Malaysia will fare in 2013. However, this is not a perspective that everyone shares, especially where the country’s real estate market is concerned. Property developers and other experts of the industry have ensured that 2013 will

be a busy and eventful year, and assessments of the overall property market as well as the country’s hotspots indicate a year of strong growth. iProperty.com Malaysia speaks to several key players in the property industry to find out their forecasts for the new year.

Datuk Seri Michael K.C. Yam President of the Real Estate & Housing Developers’ Association Malaysia (Rehda) The general outlook for the Malaysian property market this year is very much dependent on the world economy. Having said that, I believe that the sector should be quite resilient, especially if the Economic Transformation Programme (ETP) continues to gain traction, and the Gross Domestic Product (GDP) and Gross National Income (GNI) both maintain a steady growth.

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Zamry Ibrahim Marketing Director (Property Division) of Malaysian Resources Corporation Bhd I think 2013 will be an exciting year. In fact, with the way the market has been behaving as well as some of the measures that the government has introduced to manage the economy, developers will have the opportunity to be more creative. As such, from a Kuala Lumpur standpoint, I expect to see more creative residential projects. Kuala Lumpur as a city is growing at a rapid pace, while land is becoming scarcer. Hopefully, this will lead to innovation in how we live and interact. I expect to see a lot more integrated developments where the density will be higher, but the facilities will be a lot better. On that note, we would like our residential projects to be green as well, but as always there are challenges in managing costs and how well it will be received. We need to understand what the market wants as far as green and smart technologies are concerned. These are things we do not want to rush into lest we put off the buyers.

Simon Kwan Director of Sunsuria Development Sdn Bhd For me, the outlook for the year will depend very much on the banks as they play a very important role in the real estate industry. In addition to that, every year, there are more than 150,000 people moving to Selangor, and this means that developers will have to keep building houses to meet demand. This has led to the general public being concerned about the supply and demand situation, with some claiming that there is an oversupply of residential properties. However, what many people fail to realise is that there is a need to have an oversupply of such properties. The reason for this is because, if the demand were to exceed supply, prices of properties in the country would skyrocket. As such, you need to have a huge supply of homes for people to choose from, and for banks to set up restrictions that would help curb speculators, as well as those who are unable to keep up with their payments.

Sip Mun Yee Chief Operating Officer of DA Land Sdn Bhd I foresee that investors in the country will be more careful in regards to their investments. Although the banks will be more stringent with their lending, I am confident that the property market will be growing at a healthy pace. In fact, I believe that with the right products and correct pricing strategies, the overall outlook of the local property market will remain bright and sunny.

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VIEW POINT |

iProperty.com Malaysia’s 2013 Wishlist

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In this exclusive article, we asked some of the key people at iProperty.com Malaysia for their opinions, hopes and property related plans for the year. Shaun Di Gregorio Chief Executive Officer What is your opinion on the property market outlook for 2013? Generally, the property market has been growing at a steady pace and is in tandem with the overall growth of the Malaysian economy. However, I foresee that the sector will be relatively slower this year as many people will want to adopt a wait-and-see approach, in terms of purchasing or selling their property, until after the general election. Where are the major growth areas or potential hotspots? Major cities such as Kuala Lumpur, Penang and Johor Bahru should continue to be property hotspots as there is every indication that the countryâ&#x20AC;&#x2122;s biggest asset, the growing young working population, will continue to drive the growth of the domestic residential market.

What is your advice for property buyers, sellers or investors? For property buyers, my advice would be to conduct a thorough research and examine your finances before you decide to purchase a property. For sellers and investors, it would be ideal to engage the services of a professional property valuer to ensure that you are getting the best value for your property. What are the changes that would you like to see in the property sector? I think it would be a good idea to introduce stricter regulations to help curb property speculation. I would also like for more property

developers to develop properties that are priced under RM500,000. What are your property related plans for this year? At the moment, I do not have any intention to buy any property this year. However, I may change my mind if I come across an offer that is too good to resist. If you could buy/build your home anywhere in Malaysia, where would you buy/build it and why? I would build a home near a beach, only because of the serenity that it brings and for the breath-taking view.

Since the beginning of last year, trends on our website have indicated that in the Klang Valley, areas such as Bangsar, Puchong, Cheras and Petaling Jaya have remained a hotspot for consumers as these areas have generated the most number of searches.

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VIEW POINT |

iProperty.com Malaysiaâ&#x20AC;&#x2122;s 2013 Wishlist approving loans, which may deter speculative investors.

the ones in Bangsar, can be very good, these developments enjoy little capital appreciation.

Where are the major growth areas or potential hotspots? Before coming to Malaysia, I was living in Singapore for the past five years, and I am simply amazed at the number of people who are moving to Johor Bahru. It is just a short drive across the JohorSingapore Causeway to Singapore.

Paul Whiteway Chief Operating Officer What is your opinion on the property market outlook for 2013? As I am very new to Malaysia, I do not really have a good sense of the local property market yet. I have heard that some people believe that the market will be relatively flat, except in certain areas such as Johor Bahru and East Malaysia where the demand will remain strong. I also understand that banks are being more careful when it comes to

As such, getting to work and sending the kids to school is very quick, yet property prices in Johor Bahru are much, much more reasonable than in Singapore. Going forward, I definitely think Johor Bahru will benefit significantly from the sky high prices in Singapore as you simply get more for your money. What are the changes that would you like to see in the property sector? Higher capital appreciation for older condominium units would be nice. It seems to me that although the rental return for older condominiums, such as some of

Edward Sutton General Manager, Developer What is your opinion on the property market outlook for 2013? There is every indication that the sector will face a slow first quarter due to the general election. However, I also believe that the situation will improve by the end of Q2. The countryâ&#x20AC;&#x2122;s economic fundamentals are sound, so we should see growth return in the second half of the year. Where are the major growth areas or potential hotspots? In my opinion, some of the upcoming growth areas will

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What are your property related plans for this year? I will most likely buy a condominium, a place where I can call my own. My main interest will be in long term capital appreciation as I plan to live in the condominium for several years. My goal is to find a place where I can renovate to my personal style. However, some people have cautioned me not to spend too much money on the renovation as it can be difficult to recoup my investment. If you could buy/build your home anywhere in Malaysia, where would you buy/build it and why? Being an Australian, I simply love the beach. So a nice beach villa in Langkawi or East Malaysia would be cool. I would also like to try to negotiate with my boss to work from home for one week out of a whole month, but the truth is, I do not like my chances at all.

include Nusajaya and Iskandar Malaysia to the south, as well as Ipoh to the north. What are your hopes and wishes as a property buyer/seller or investor? Personally, I would like to see the introduction of more stringent laws to protect buyers against errant developers. If you could buy/build your home anywhere in Malaysia, where would you buy/build it and why? I would love to have a house on a beach somewhere. On a serious note, I wish I could buy a couple of old link homes in Bangsar and refurbish them. I will then live in one and rent out the other.

Buying a property from the secondary market means that your cash commitment is (almost) immediate whereas buying a property from the primary market, when the Developer Interest Bearing Scheme (DIBS) and Guaranteed Rental Returns (GRR) is offered, allows you to differ your payment until the project is completed, thus reducing your cash flow risk at the same time. Ernest Bernard Towle Manager, Agent Marketing What is your opinion on the property market outlook for 2013? I think the outlook on the local property market will range from challenging to tough. This is mainly due to the newly introduced banking regulation to use one’s net income to calculate how much one can borrow, thus making the buying process so much more difficult now. Here is the feedback that I got from local property agents: 1) Sales of secondary market properties have been much slower in H2 2012. One major factor could be the huge difference between the seller’s asking price and the bank’s valuation price. The other factor is due to the economic uncertainty.

Having said that, secondary market properties priced below RM650,000 continue to attract interest among first time homebuyers. 2) The sale of primary market properties that comes with the DIBS (and GRR) scheme may fare better for the aforementioned reasons. What are the major growth areas or potential hotspots? I believe the growth areas will be moving southward towards areas such as Kajang, Puchong and Cheras. What are your hopes and wishes as a property buyer/seller or investor?

Daniel Ho Developer Services Manager What is your opinion on the property market outlook for 2013? The property market will be somewhat soft due to the slowdown of economies such as China and Singapore. There are already talks about a local property glut, especially for office spaces in some parts of Kuala Lumpur, and this situation may spread to other types of properties as well. What are the major growth areas or potential hotspots? The major growth areas will still be around the Klang Valley

As a buyer, I hope to find a property of my choice within the price range that I have in mind. As a seller, I hope to sell at the highest price possible. As an investor, I hope to find motivated sellers who will be time pressed to take my lowest offer. What are the important changes that would you like to see in the property sector? As a buyer, I would like it to remain pretty much the same as last year. However, there could be pockets of ‘fire sales’ from motivated and over extended sellers or investors. As a seller or investor, I hope for the removal of the regulation to use net income to determine the loan amount. What are your property related plans for this year? I will wait for the right property to come along and be on the lookout for fire sales. If you could buy/build your home anywhere in Malaysia, where would you buy/build it and why? I would love to have a house on Penang Island as that is part of my long term retirement plan.

with its major infrastructure and connectivity. Other potential hotspots could be Semenyih, Kajang and Rawang for properties that are priced more affordably. What are your property related plans for next year? This year’s plan will not include any new purchases. For me, the focus would be looking for tenants for my existing property. If you could buy/build your home anywhere in Malaysia, where would you buy/build it and why? I will build it in Ipoh because I enjoy the slower pace of life there.

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COVER STORY

BUILDING A NATION As a leading property and infrastructure developer in Malaysia, Malaysian Resources Corporation Bhd is playing a crucial role in shaping the future of the Kuala Lumpur landscape.

Malaysian Resources Corporation Bhd’s (MRCB) reach is felt across the northern, southern, eastern and central regions of Peninsular Malaysia. This fully integrated and multi-disciplined company has had an impressive track record in major projects throughout the country. Guided by well-defined objectives and strategies in its pursuit of excellence, the company’s core businesses revolve around property; engineering and construction; infrastructure, concession and environment; as well as building services. MRCB is geared to go beyond the country’s borders into lucrative markets, whilst maintaining a strong commitment towards the development and progress of Malaysia as a nation, and help fulfil the country’s aspiration as a fully developed nation by 2020.

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With a steadfast vision and resolution to make Kuala Lumpur one of the foremost cities in the world with state-of-theart infrastructure and facilities, MRCB is set to establish its mark on the city with its integrated development framework comprising a vibrant business hub, global accessibility, unparalleled entertainment and a central business district living concept, complete with a green lifestyle. The conglomerate advocates the highest level of excellence in all its projects in an effort to offer only the topmost quality to its clients, purchasers and business partners. Testament to its commitment towards quality, excellence and distinction, MRCB is the proud winner of numerous industry and international excellence awards. Some of the recent awards are:

• Best Green Initiative Awards 2012 – Malaysian Resources Corporation Bhd (Editors Choice Property Awards) • Best Green Office Development Awards 2012 – Platinum Sentral (Editors Choice Property Awards) • Best Integrated Development Awards 2012 – Kuala Lumpur Sentral CBD (Editors Choice Property Awards) • PAM Green Excellence Award 2012 – Platinum Sentral (The Edge) • BrandLaureate Awards 2011 (Conglomerate Awards) • Stevie International Business Awards 2011 – Distinguished Honorary for Best Corporate Social Responsibility Programme of the Year in Asia (sub-continent Australia and New Zealand) for the PINTAR programme

3 BUSINESS Fuelling the engine of Malaysia’s economic growth, MRCB’s spectacular Q Sentral development is a state-of-the-art 45-storey Grade A office tower. The latter was inspired by the ancient Chinese concept of ‘Qi’ – the life force that governs surrounding elements for success, health and happiness. Q Sentral is an iconic development set to revolutionise the Kuala Lumpur skyline with its contemporary granite, marble and glass facade complete with a lofty triple volume structure. It also features architectural feats with its 4m high ceiling at the Sky Lobby and a 6-storey high Sky Garden with a distinctive open air concept that offers grand and spacious floor areas, alfresco dining experiences whilst in harmony with lush flora and fauna. Amidst the constant hustle and bustle of business, entertainment and the vibrancy of life, Q Sentral offers a balanced lifestyle of work, play and entertainment. With a magical spread of facilities that include a lounge, games room and gymnasium suspended in a ‘glass box’, Q Sentral is a dream come true for city dwellers. Realising the hunger for space in Kuala Lumpur’s prime hotspot of Kuala Lumpur Sentral (KL Sentral), Q Sentral offers luxurious office suites and units with layout designs that promote an open concept without awkward columns and pillars – providing a conducive environment for vibrant business activities.

4 Units at Q Sentral measure from 1,366 sq ft to 3,426 sq ft (low zone strata), 108 sq ft to 1,615 sq ft (high zone strata), and 15,047 sq ft to 34,234 sq ft (high zone). Q Sentral’s high zone floor plate of 40,000 sq ft is the largest in the country. The development was constructed to meet the stringent requirements of the Multimedia Development Corporation. The MSC status development breathes sustainable features that include energy conserving technology that reduces energy consumption by 20%, rainwater harvesting systems, hybrid renewable energy systems with the utilisation of solar panels and wind turbines, as well as energy saving light bulbs. For this commitment to the environment, Q Sentral has been awarded the Green Building Index (GBI) certification for environmentally friendly developments. With turnstile security access gates, 1,400 parking bays and an intelligent destination lift system, Q Sentral signals the birth of Kuala Lumpur’s vision for the future.

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COVER STORY 1 2 3 4 5

Kuala Lumpur Sentral CBD Stesen Sentral - Kuala Lumpur Q Sentral overlooks the Perdana Lake Gardens Q Sentral Kuala Lumpur Sentral CBD offers unrivalled accessibility and connectivity

ACCESSIBILITY Located in the heart of Kuala Lumpur’s vibrant central business district of KL Sentral, Q Sentral also offers world-class accessibility through its comprehensive integrated transportation hub that supports business activities in the area and its surrounding districts. The city’s complex network of transportation converges at KL Sentral to give Q Sentral a competitive edge as a preferred development. Strategically located along the most popular road networks in Malaysia’s business capital, Q Sentral stands alongside eight rail systems that include the KLIA Express, the KLIA Transit, the PUTRA LRT, the STAR LRT, the KTM Komuter, KTM Intercity, the KL Monorail and the upcoming MRT line. Public transportation such as the RapidKL town buses, shuttle services, intercity buses, as well as long distance express buses are also available at KL Sentral. City taxi services also support the area, thus making the district a transportation hub that provides Malaysian businesses the connectivity they need to stay competitive in the global markets. Q Sentral is supported by a vast network of highways and major roads that connect to key destinations. These include the New Pantai Expressway, the Federal Highway, the Mahameru Highway and a host of other roads leading in and out of the city. The development is also a walking distance to major business centres and attractions in Kuala Lumpur that include the Central Market, Dayabumi Complex, Pos Malaysia, the major shopping district of Little India and world-class hotels such as Le Meridien Kuala Lumpur and Hilton Kuala Lumpur.

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In addition, Q Sentral is located a stone’s throw away from other business areas and popular tourist spots such as Kuala Lumpur Tower, Petronas Twin Towers, Suria KLCC, Kuala Lumpur Convention Centre and KLCC Park. Joint Venture Partners with Quill Both The Sentral Residences and Q Sentral are joint partnership developments between MRCB and the Quill Group of Companies (Quill). Established in 1987, Quill is one of the leading vertically integrated multidisciplinary property groups in Malaysia with its own in-house team of architects, engineers, space planners, builders and interior designers. Quill is known for its ‘branded tenant mix’ with major multinationals such as IBM, HSBC, DHL, BP, BMW, etc, as anchor tenants in its respective buildings. In 2007, Quill teamed up with CapitaLand of Singapore to set up Quill Capita Trust, a main board listed commercial Real Estate Investment Trust (REIT). Quill has also diversified its business operations to encompass luxury automotive, healthcare and retail mall sectors.

ENTERTAINMENT Building a city is equivalent to building a sustainable community and environment that fuels the vibrancy of life. Realising that magical combination, MRCB has responded to the call for a balance between healthy living, productive work life and true entertainment. • Nu Sentral Nu Sentral was created to fulfil the concept of holistic leisure in the form of a lifestyle mall. The former offers city dwellers the opportunity to savour the finer elements in life whilst keeping up with the pace of city living. This lifestyle concept mall offers an integrated leisure hub with megaplex cinemas, a bowling centre, open air event and concert arena, and a mesmerising 2-acre sky park – all connected by pedestrian-friendly walkways that offer a sense of connectivity and communal living in a big city environment. Nu Sentral also takes digital integration to a whole new level with its enhanced retail and entertainment experiences,

With accessibility to the latest real-time information on events, entertainment options, food and retail offers, Nu Sentral is indeed the mall of the future. • Sooka Sentral The lifestyle hub of Sooka Sentral, the FIABCI award winning entertainment and recreation centre, spans six floors and 70,874 sq ft of sheer lifestyle offerings that include 38 outlets of recreational activities, beauty centres, spa, gymnasium, dance centre, restaurants and cafes. Sooka Sentral is about playing hard after a hard day’s work. The simply irresistible offerings of Sooka Sentral make life an interesting journey complete with the trappings of luxury, adventure and challenge – elements that drive today’s generation. To complete the picture, Hilton Kuala Lumpur, Le Meridien Kuala Lumpur, St Regis Hotel & Residences, Ascott Sentral and Aloft are world-class hotel chains set in the midst of KL Sentral that offer much more than luxury accommodation. The hotels are home to some of Kuala Lumpur’s best restaurants, fine dining outlets, bars and live bands – all within the vicinity of KL Sentral. Recognising and understanding the key elements that form a wholesome lifestyle in the 21st Century, MRCB has left no stone unturned to offer the best of Malaysia to both local and international visitors.

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Nu Sentral lifestyle concept mall St Regis Hotel & Residences The Sentral Residences Platinum Sentral

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7 CENTRAL BUSINESS DISTRICT LIVING MRCB’s Central Business District (CBD) is a result of careful planning, meticulous calculation and a clear vision of the future. The CBD contains a mix of businesses, from medium sized companies to Fortune 500 multinational corporations, F&B and retail outlets, entertainment venues, hotels, banks, airline companies, eight major rail systems, green technology and residential spaces surrounded by greenery, a park and attractive facilities – all of which converge to create a wholesome lifestyle in the big city of the future. The main residential spaces in the CBD are The Sentral Residences, Suasana Sentral Loft, Suasana Sentral, Ascott Sentral and St Regis Hotel & Residences. • The Sentral Residences The Sentral Residences was designed with a sophisticated and extravagant lifestyle in mind with all the trappings of luxury, convenience and easy accessibility. With a majestic

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8 facade, the development offers a myriad of attractive facilities that include a private lift lobby for every unit, a putting green and interactive streams on the garden deck, as well as twin saltwater pools and a rooftop whirlpool. The sense of luxury is never ending with a Sky Club on the 55th floor that features a swimming pool, Lake Garden terraces and a breath-taking view of the city. • Suasana Sentral Loft Suasana Sentral Loft is a condominium development that boasts of full-fledged facilities and conveniences that include an infinity pool, soothing piped in music, a Sky Gym and a mesmerising sight of city life from a bird’s eye view. • Suasana Sentral Not to be outdone, Suasana Sentral is yet another luxury condominium with extraordinary living quarters that feature all corner unit residences. The units were built to allow a free flow of natural sunlight, excellent ventilation and a soothing breeze – making it an ideal abode for

city lovers who seek peace after a hectic day. • Ascott Sentral Ascott Sentral is a 157-unit serviced residences development that comprises studio, one bedroom and 2-bedroom units. With its splendid list of offerings, the development is a home-away-from-home for business travellers and tourists. The development provides excellent amenities that include a swimming pool, a gymnasium, a spa, convenience stores, as well as F&B outlets – practically a one-stop living space. • St Regis Hotel & Residences St Regis Hotel & Residences features a luxurious hotel and branded residences within a single development. Aside from being Malaysia’s pioneering 6-star development, St Regis Hotel & Residences offers discerning investors and homeowners long term real estate value in their search for world-class properties set in an excellent locality and surrounded by impeccable services, exceptional quality and design, as well as a myriad of amenities.

A GREEN LIFESTYLE • Q Sentral Designed with nature in mind, Q Sentral is a development that compliments nature whilst bringing out the best in modern living. With a focus on sustainable living, the development was built for both the current and future generations. Q Sentral is a living testament to being future ready having garnered the GBI certification, recognition by Leadership in Energy and Environmental Design, as well as being in compliance with the Singapore Building and Construction Authority standards. Incorporated with various sustainable technologies that include turnstile security, intelligent destination control lifts, rainwater harvesting systems and energy efficiency elements, Q Sentral is indeed heading full speed into the future of Malaysian property development. • Platinum Sentral In addition, amongst the buildings within the CBD, the Platinum Sentral houses the largest green wall in Southeast Asia, spanning an awesome 22,000 sq ft. Many of the other developments are

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9 also designed to save energy and other resources, as well as encouraging the need to recycle and minimising its inhabitants’ carbon footprint.

its development of the new Kuala Lumpur city. A city filled with life, goodness and prosperity – all rolled into a single canvas known as KL Sentral.

From an aesthetic perspective, the buildings also harmonise with the local climate, tradition, culture and the surrounding natural landscapes. The green buildings promote harmony and a cheerful atmosphere to maintain a work life balance whilst fuelling productivity, innovation and creativity.

The city’s CBD concept is an all-rounded concept that blends business, entertainment and healthy living to offer a renewed perspective on city life. In its commitment to provide sustainable developments and improve the quality of human life, MRCB has gone to great lengths to paint Malaysia in a wholesome light, crafting a beautiful mural that gives the city its character and distinction as a preferred city of the future.

Keeping up with the pace of an urbanised and futuristic Malaysia, MRCB has kept the vision of the government close to heart with

iProject Listing QuickPro No: NC2714 Project Name: Q Sentral Address: KL Sentral, Kuala Lumpur Property Type: Office Land Title: Commercial Tenure: Freehold Land Area: 81,000 sq ft Build Up: 1,001 – 34,234 sq ft Listing Price: From RM1,500,000 - RM49,000,000 Expected Date of Completion: 1st Quarter 2015 Developer: Cosy Bonanza Sdn Bhd (790416-M) Level 20, 1 Sentral, Jalan Travers Kuala Lumpur Sentral 50470 Kuala Lumpur. Phone: (603) 2786 8080 Fax: (603) 2730 2022

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YOU City @ Cheras

1 YOU City: Where You Come First PJD’s exclusive ‘YOU’ living concept in a strategic Cheras location. Culture & Convenience at YOU-r Fingertips YOU City, a 20.6-acre mixed development project in Batu 9, Cheras, is Kuala Lumpur’s newest oasis of culture and convenience, with towering residences reaching for the skies and retail houses with the best brands and products. The freehold development has an expected gross development value in excess of RM1 billion, and Phase 1 of YOU City features YOU Residences, a 2.45-acre residential development project which makes a perfect bachelor or bachelorette pad and a new habitat for young couples. It had received an overwhelming response at the preview launch with 88% of the units snapped up within an hour! Step in to YOU-r Comfort Zone YOU Residences encompasses 370 residences suites and five retail outlets, priming itself to be homes of convenience and privacy all at once. The family suites range from 1,200 sq ft to 1,453 sq ft, three

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and 3+1 bedrooms tailored for people from all walks of life looking for a family home or a private sanctuary for themselves. Retail outlets start from 890 sq ft, and go up to 1,254 sq ft, offering of business space for any type of operations. YOU Residences gives you the best of services, right from the time you set foot in it with a high-ceiling grandeur drop-off area and welcoming lobby. Keeping your mind at ease, YOU Residences offers a 24-hour security system comprising the ‘3Cs’, CCTV, Card Access, and Communication Home System. The adequacy and competence of these features ensure your well-being and safety without intruding into your privacy. This system also acts as a security feature for the family. Connecting YOU Body, Mind & Soul The 8th floor of YOU Residences is the place that encourages you to connect body, mind and soul after a hard day at work or study.

Also called the Recreational Floor, the presence of an infinity pool calms you down, as do the sounds emanating from the children’s playground. A gazebo offers a private respite from the hustle and bustle of city lifestyle. Working out has never been better with an elevated Sky Gym offering an unobstructed panoramic view of the city. The the Sky Lounge serves as the ultimate recreation space to bring your friends and family togehter for all kinds of occasions. Both can be found on the 27th floor. In addition, a pantry is also located for food and beverage convenience. For those who prefer to be immersed in books, there is also a quiet reading corner for you to indulge in. YOU-r Central Abode in the Heart of Cheras YOU Residences and the rest of YOU City is centrally located within the Cheras town centre, therefore all amenities and facilities are easily available. Prefer travelling by public transport? YOU City gives you all-round access to all kinds of public transportation,

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including the excitement of news pertaining to the impending Taman Suntex MRT Station at the doorstep of YOU City - the whole of Klang Valley is reachable within minutes. YOU City is perfect for family living, with its close proximity to schools such as Sri Cempaka, Sri Suria and Sri Murni International School. There are various primary and secondary schools within the Cheras town centre, and a renowned private university is also housed there. Groceries and household shopping becomes a breeze with the variety of hypermarkets available nearby (e.g. Leisure Mall). The Best Connectivity for YOU by a YOU-centric Developer YOU City gives you easy accessibility and maximum connectivity with the web of highways running around it. From the NKVE to the NPE, the Federal Highway, LEKAS, KESAS, KL-Seremban Highway, ELITE, LDP, right down to the Besraya Highway, no place in Klang Valley is left out of YOU City’s welcoming embrace. YOU

City’s multiple exit and entry points make driving in and out of the development a smooth experience. A REPUTABLE & TRUSTED DEVELOPER PJD Regency Sdn Bhd, a wholly-owned subsidiary of the PJD Group, one of the leading developers in the country, has been in the forefront of developing quality homes across the nation. With numerous awards and certificates awarded to date, this brilliant track record is certainly notable. The group continues to provide a total property solution to buyers, investors as well as landowners by offering a comprehensive project and property management services all under one roof. Watch out soon for Phase 2 You Vista and its upcoming registration. For a better insight, please log on to www.pjdprop. com.my/youcity or visit our sales gallery or call (603) 9076 9198.

1 Overall development

iProject Listing QuickPro No: NC2448 Project Name: YOU City @ Cheras City: Cheras, Selangor Property Type: Serviced Residence Land Title: Commercial Tenure: Freehold Land Area: 2.45 Acre Build Up: 533 - 2,895 sq ft Expected Date of Completion: August 2015 Developer: PJD Regency Sdn Bhd Lot 3009, 3010 & 3011 Jalan Kinabalu, Batu 9 43200, Cheras Selangor Darul Ehsan. Phone: (603) 9076 9198 Fax: (603) 9076 9668 Website: www.pjdprop.com.my

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A-Suites Serviced Residences

The Allure of The South Nothing beats living in a picturesque setting dotted with beautiful lakes and lush greenery – the exact description of Mah Sing Group Bhd’s A-Suites Serviced Residences@Austin Perdana in Johor Bahru. A-Suites Serviced Residences poses a striking ensemble in Johor Bahru’s vibrant skyline with its modern and sophisticated facade of glistening glass. A total of 460 tastefully designed residential units await discerning buyers and investors, complete with selected home appliances, practical layout designs and attractive facilities. Located in the much sought after and prestigious Austin Perdana - Mt. Austin locality, the development features three layout designs, namely, Type A (1+1 bedrooms) measuring 658 sq ft, Type B (two bedrooms) measuring 906 sq ft,

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and Type C (3+1 bedrooms) measuring a sprawling 1,390 sq ft. The units are equipped with air-conditioners, kitchen cabinet, hood and hob, and, for a limited period, an offer includes wardrobe, refrigerator, water heater, washing machine and dryer. The units offer a sense of spaciousness with the absence of unsightly columns and awkward corners, making interior decoration easy and hassle-free. The facilities at A-Suites Serviced Residences are equally interesting, featuring a swimming pool, a gymnasium, a steam

room and a rooftop tennis court. Keeping the needs of the family in mind, there is also an outdoor children’s playground and barbeque area by the pool. For the convenience of the residents, there is also a minimart, playroom, games room and a multipurpose hall, which doubles as a badminton court as well. The highlight of the development is its Butler & Groomer concierge service and 4-tier security system, offering homeowners a peace of mind and a sense of luxury. A-Suites Serviced Residences is conveniently located close to various amenities and conveniences. There are ample choices in terms of supermarkets, convenience stores, hypermarkets, shopping complexes, banks and restaurants. For accessibility, major highways connecting to key destinations include Jalan Tebrau, the North-South Highway and the Pasir Gudang Highway. The numerous local and international schools in the vicinity make it the perfect place for growing families and professionals looking for a convenient yet

peaceful abode. Hospital Sultan Ismail is approximately 700m away from the development. The Austin Golf & Country Resort and Ponderosa Golf & Country Club, which is located just a few minutes’ drive away from the A-Suites Serviced Residences, offers a full range of facilities and is a popular haunt with the local residents. The Austin Perdana enclave is a pleasant and peaceful residential township located just a few minutes’ drive from downtown Johor Bahru and the MalaysiaSingapore Causeway.

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A-Suites Serviced Residences Actual show unit - Pratical layout Actual show unit - spacious living and dining area

A prestigious development by the renowned Mah Sing Group Bhd, units at A-Suites Serviced Residences are priced from RM268,800 for Type A; RM378,000 for Type B; and RM534,800 for Type C. The project is scheduled for completion in early 2015 and offers discerning buyers an attractive package deal that is only available for a limited period. The package includes a low down payment, subsidised interest payment, complimentary legal fees on SPA, and a 12-month waiver on maintenance fees.

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A-Suites Serviced Residences

New Southern Commercial Hub In addition, Mah Sing Group will soon launch V Square, which comprises 36 units of 5-storey corporate office buildings strategically positioned close to A-Suites Serviced Residences, offering a myriad of businesses such as offices, training centres, retail, showrooms and galleries, al-fresco cafes, thematic bistros and restaurants, as well as other interesting business outlets. This signature corporate office has been thoughtfully designed to ensure ample space for various business activities, with wide frontage of 26ft and built up area of 8,100 sq ft onwards. Each unit has its own private elevator and covered parking facilities for the convenience of business owners and customers. The development is also equipped with a CCTV monitoring system and 24-hour security personnel patrolling the grounds. With a modern glass facade, Central Piazza for events and functions, Central Garden that boasts of lush green landscapes and water features,

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4 this commercial park is set to be a success with the business community in Johor Bahru.

4 Actual show unit - Spacious master bedroom

For more information on A-Suites Serviced Residences and V Square at Austin Perdana, visit www.mahsing.com.my or www.austinsuites.com.my, or contact (607) 355 4888. Grab this opportunity to own one

of Malaysiaâ&#x20AC;&#x2122;s leading property developments in the southern corridor gateway.

iProject Listing QuickPro No: NC2023 Project Name: A-Suites Serviced Residence City: Taman Austin Perdana, Johor Bahru, Johor Property Type: Serviced Residence Tenure: Freehold Build up: 658 sq ft - 1,390 sq ft Listing Price: From RM268,800 Developer: Mah Sing Properties Sdn Bhd (Johor) (264979) Wisma Mah Sing Jalan Mutiara Emas Puteh Taman Austin Perdana Johor Bahru 81100 Johor. Phone: (607) 355 4888 Tel: (607) 355 1112 Website: www.austinsuites.com.my

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FEATURED PROPERTY |

Oriental Lily @ Yarra Hills

The First Gated & Guarded Community in Cameron Highlands Be it is a commercial shoplot or residential home, Oriental Lily at Yarra Hills offers a unique development at the wildly popular holiday destination of Cameron Highlands.

famous Brinchang market and Talas View – Boh tea plantation, and a 15-minute drive to the Cameron Highlands Golf Club. Small-town allure that is big on nature Oriental Lily at Yarra Hills is the first landed property in Cameron Highlands that features a gated and guarded concept. Only 40% of the 13-acre land will be used for the development. Hence, this development will be low in density to ensure a sustained serenity within its immediate environment.

1 Rolling green hills; naturally cool air; serene ambience – a true respite from the hustle and bustle of the city. There is one place that possesses these traits and it is none other than Cameron Highlands, a destination that is popular with both local and foreign tourists. Apart from treating it merely as a getaway location, here is an opportunity to invest in a mixed commercial and residential development known as Oriental Lily at Yarra Hills. Spanning across 13.7 acres of leasehold land, Oriental Lily will encompass 25 units of 3-storey shops, 46 units of semi-detached homes and 10 units of bungalows. The development is valued at RM38 million for the shops and RM62 million for the homes.

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The development is located at Tringkap, which is also the second highest point and third biggest town in Cameron Highlands. Tringkap is located in between Kg Raja and Brinchang (one of the more famous towns in this hilly and mountainous area). The road from the north via Simpang Pulai and Gua Musang to Brinchang is one of the busiest roads. It only takes approximately 50 minutes to get to Ipoh and 40 minutes to Gua Musang by road. Oriental Lily at Yarra Hills is also easily accessible, with many nearby shops to cater to one’s daily needs. The development is minutes away from several renowned spots in the area; it is a 5-minute drive to Equatorial Hotel, a 10-minute drive to the

The developer has also taken into consideration the location and is keen to maintain the peace of this town, which rests at an altitude of 1,590m above sea level, thus allowing residents and tourists to enjoy a cool temperature that ranges from 12¡C to 21¡C. The built-up of each unit of the 3-storey commercial lot measures 20’ x 70’. The former enjoys an advantageous frontage that is highly visible as it faces the main road that leads to Brinchang. The 46 units of two and 2 1/2-storey semi-detached homes are based on a split-level design to match the naturally hilly environment. The design of these homes are French-inspired and residents will wake up to a much-coveted panoramic view.

1 Oriental Lily @ Yarra Hills Semi detached homes 2 Oriental Lily @ Yarra Hills 3-storey shoplots

There are three designs to choose from and the standard lot size is 35’ x 80’, with a built-up that ranges between 2,400 sq ft and 3,000 sq ft. These homes are priced between RM1,088,000 and RM1,673,050 (RM411 per sq ft to RM500 per sq ft) and will be launched in March 2013, while the expected completion date will be approximately 24 months from the launch date. There will be a free 24-month security service fee and free S&P legal fees for the first 10 units of semi-detached homes purchased. The maintenance fee for each semi-detached home

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will be fixed at RM200 per month and Bumiputera buyers will be entitled to a 5% discount. Those who prefer greater privacy can opt for one of the 10 vacant bungalow lots.

delivered over 1,000 units of mixed development in and around Ipoh, Perak, including projects in Taman Sri Desa, Tawas Gemilang, Pulai Sentosa and Desa Rishah Permai.

For more information on this development, contact (605) 546 5333, (605) 498 1533 or (6012) 588 7345.

The projects that are in the group’s pipeline include the following: • Mixed development (37 units of single-storey terrace homes and 22 units of shop offices) at Chemore Ria, Perak • Garden Residence at Cameron Highlands (26 units of semidetached homes and 58 units of terrace homes) • 155 units of Shangrila Country Home Bungalows in Gopeng

About the Developer Langit Saujana Sdn Bhd is a property development company that was incorporated in 2005, and is a subsidiary of the SPPJ group of companies. To date, the SPPJ Group has built and

iProject Listing QuickPro No: NC2741 Project Name: Oriental Lily @ Yarra Hills City: Tringkap, Cameron Highlands, Pahang Property Type: Semi-detached House Land Title: Residential Tenure: Leasehold Land Area: 260 Acres Listing Price: From RM1,088,000 - RM1,673,050 Expected Date of Completion: February 2016 Developer: Langit Saujana Sdn Bhd (714248-K) 2-A, Persiaran Tembok 9 Taman Sri Desa, Ipoh 30010 Perak. Phone: (605) 546 5333 Fax: (605) 545 9618 Website: www.langitsaujana.com.my GPS No: N4.3028.07122.E101. 2534.76738

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Upcoming Developments in 2013

Upcoming Developments in 2013 While 2012 brought with it a great number of exciting projects, the year 2013 will not be outdone and promises to deliver its share of interesting developments. - by Ong Xin Ying

1 The year 2012 has come and gone in the blink of an eye, and with it the announcement of numerous key projects and schemes that have kept the Malaysian property scene exciting for the past 12 months.

estate markets such as Penang and Johor. Several noteworthy developments and infrastructure projects have been planned for 2013, and even the property market in East Malaysia is slowly but surely growing.

That is not to say that 2013 will be any less interesting; aside from the numerous properties slated to be launched or completed within the given year, there are many other developments scheduled to be revealed in the near future that will interest buyers, developers and investors alike.

Incidentally, the wealth of those from East Malaysia has been growing at a much faster pace compared to its property market thanks to palm oil, timber, as well as oil and gas. Chan Wing Kwong, executive director of Bolton Bhd, noted that as property investment is seen as a good hedge against inflation, this (combined with the current lack of choice in East Malaysian properties) has led to these investors turning their gaze

This is particularly true for some of the countryâ&#x20AC;&#x2122;s hottest real

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towards projects in Peninsular Malaysia. A New Phase of The Atmosphere Located in Seri Kembangan, Selangor, this project by Tempo Properties Sdn Bhd has established itself as a standard among commercial developments thanks to the unique hybrid â&#x20AC;&#x2DC;shopping mallâ&#x20AC;&#x2122; design applied to its commercial centre. Sprawled over 20.1 acres, the centre is the second phase of The Atmosphere, which aims to be a central hub that integrates retail, leisure and office elements. The commercial centre was first launched in 2009 and has

2 a gross development value of RM370 million. The final stage of the launch, called phase 2E or Lava, consists of 54 retail and office units and has an expected completion date of end 2013. The project has the distinction of being South Klang Valley’s first commercial development to earn a Green Mark certification from the Singapore Building and Construction Authority. Affordable Housing One of Malaysia’s leading property developers, MK Land Holdings Bhd is committed to helping the country’s lowincome earners own their own homes by continuing to build affordable homes. According to its Chairman Tan Sri Mustapha Kamal Abu Bakar, the company is targeting Cyberjaya, an area where many other developers aim to build high-end residential units, as the site for their affordable housing development.

He said, “MK Land’s plan to continue building affordable homes is in line with the government’s intention to help the people own houses, particularly in the Klang Valley, through the 1Malaysia People’s Housing Scheme (PR1MA).” Tan Sri Mustapha went on to add that the company was also set to share its experiences on affordable housing and cooperate with the government to undertake housing schemes that would be beneficial to Malaysian citizens. Klang’s Third Bridge Traffic jams in Klang may soon be a thing of the past thanks to the planned construction of a third bridge that would help ease the congestion. According to Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim, the Public Works Department and the Klang Municipal Council have already been directed by the state

3 government to make the relevant preparations such as calling for the project tender. The bridge will have a length of 2km and be built across the Sungai Penang and Klang Straits, where it will help divert traffic going into Klang from Kuala Langat and Port Klang. Tan Sri Abdul Khalid added that the state government had proposed to utilise RM300 million for the project, which is expected to be completed within two years. “If the tender could be awarded by February, the project could start after two months,” he stated in a media report. Melaka Tram An area that is also set to experience a significant decrease in traffic congestion is one of Malaysia’s most historic states. The Melaka Tram project is an undertaking by Mrails International Sdn Bhd and Chief

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Upcoming Developments in 2013

1 The Atmosphere in Seri Kembangan 2 The Melaka Tram will pass popular tourist spots such as the Christ Church 3 The third Klang bridge will ease traffic congestion into Klang town 4 A design on the proposed railway projects will be made in early 2013

4 Minister Incorporated (CMI). The project costs RM272 million and is scheduled to begin in February next year, with operations due to begin roughly one year later. The tram will operate on liquefied natural gas. With a given speed of 40kph, the tram is designed to transport a total of 120 passengers at any one time. Its starting depot is located next to the Ayer Keroh toll plaza and goes all the way to Melaka’s heritage zone, bringing the total distance travelled to approximately 40km. The tram’s route will also cover 11 of the state’s major tourist spots such as the Botanical Gardens and Melaka Zoo.

and is under a public-private partnership between both countries. The project is expected to cost between RM20 billion and RM25 billion, and studies are being conducted on the possibility of linking it to Laos, Thailand, Vietnam as well as several cities in China. A study on the project’s feasibility by the Land Public Transport Commission is expected to be completed soon and, should it be found viable, pre-qualification bids will be called for by mid-2013.

New Year, New Rails The first quarter of 2013 will see the government coming to a decision on whether to implement the high-speed bullet train and the Gemas-Johor Bahru electrified double tracking projects (EDTP), which have an estimated combined value of RM35 billion.

The 200km Gemas-Johor Bahru segment of the project is part of the EDTP that is currently being constructed and represents the last stretch of the rail system. Several of Malaysia’s prominent developers such as Gamuda Bhd have expressed interest in bidding for the project. Upon completion, it will run the length of Peninsular Malaysia, with the two end points being Padang Besar in the north and Johor Bahru in the south.

The high-speed rail line under consideration will connect Kuala Lumpur to Singapore

MBSB Sets Eyes on Sarawak Malaysia Building Society Bhd (MBSB) has targeted several

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major property developments in Sarawak as part of its business expansion plans for 2013, one of which is the Universiti Teknologi Mara (UiTM) Sarawak’s new campus. The company already has five sales and services centres in the state, and is confident that it has the expertise and experience necessary to provide property financing services for large scale property endeavours. In particular, UiTM Sarawak’s new campus will occupy 404ha of Kota Samarahan, and this welcome addition to the existing facility will provide accommodation for another 4,000 of the university’s students. It will complement the permanent campus housed in Mukah, which is scheduled to be completed in October 2015 and will accommodate a total of 2,000 students. Datuk Ahmad Zaini Othman, MBSB’s president and chief executive officer, said, “The high level of confidence and trust placed on us by depositors, especially in Sarawak, certainly bodes well for the company’s expansion plans.” He expressed his strong belief that Sarawak held great business potential for the company, which opened its first Sarawak branch in the capital city of Kuching 13 years ago.

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Upcoming Developments in Penang

Penang’s Enchanting Properties With numerous projects set to take off or be completed in Penang this year, the Pearl of the Orient’s real estate market has much to look forward to. By Ong Xin Ying

property buyers and investors alike all year long for 2013. Malaysian Resources Corporation Bhd (MRCB) • Batu Ferringhi Residences Set to occupy approximately 3.34 acres of Batu Ferringhi, Malaysian Resources Corporation Bhd’s (MRCB) Batu Ferringhi Residences will offer its future tenants a life of luxury and unmatched pleasures. Nestled on the fringe of one of Penang’s most famous beach areas, residents will be treated to an uninterrupted view of the Andaman Sea, as well as easy access to nearby restaurants and tourist attractions.

1 Penang has always been a hotspot, particularly in terms of its property market, and this trend is showing no signs of changing if the numerous 2013 forecasts are any indication. This is largely due to its stable government, as well as comprehensive transportation and communications systems, two key elements in encouraging rapid development and strong economic growth that make it a prime destination for businesses.

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The state also benefits from being able to boast a level of natural beauty, ranging from lush greenery to beautiful beaches, which few other places can compete with. This breath-taking scenery makes for a wonderful backdrop for the quintessential dream home, which is further accentuated by Penang’s rich historical background and culture. Here are some of the developments that are bound to excite Penang’s

With a planned total built up area of 417,403 sq ft comprising 17 boutique villas and 48 condominium units, the development aims to seamlessly merge itself with the local landscape and waterfront in its bid to stay true to its location’s identity. Being a MRCB project, the development will incorporate an environmentally sustainable integrated design, reflecting the developer’s commitment to creating green buildings. • Penang Sentral Another attractive offering by MRCB, this integrated mixed commercial development worth an estimated RM3 billion is set to finally take off in 2013 after a 4-year delay. Stretched across 9.6ha of Butterworth, the project

will feature a transport terminal that caters to buses, ferries, taxis, trains and the projected monorail station. Similar to the company’s pride and joy that is Kuala Lumpur Sentral in Brickfields, the terminal will be integrated and surrounded by the project’s residential, commercial and retail components. Since the development was first proposed, more green elements have been added to the original plan in line with the growing demand for energy efficient buildings from international and local buyers. UEM Group • Penang Second Bridge This massive infrastructure project is undoubtedly a major addition to Penang’s transportation connectivity. It measures a total of 24km and connects Batu Kawan on mainland Seberang Prai to Batu Maung on the island. The bridge is a joint project between UEM Group Malaysia’s subsidiary UEM Builders Sdn Bhd and China Harbour Engineering Company, a subsidiary of the China Construction & Communications Group. First proposed in the Ninth Malaysia Plan, delays caused construction work to only begin in late November 2008. While the official completion date is slated to be September 2013, a report in October 2012 stated that the project was ahead of schedule by approximately two months. Once completed, the bridge is expected to significantly reduce congestion on the first bridge. S P Setia Bhd • Setia Sky 8 @ Setia Pearl Island Having established itself as one of Penang’s preferred developments, Setia Pearl Island by developer S P Setia Bhd will gain a new level of grandeur with

2 the addition of the company’s upcoming condominium project Setia Sky 8. Occupying the land where Setia Pearl Island’s former clubhouse was located, residents will be able to enjoy a wonderful view of their surroundings without any worries of it being obstructed by future developments. Setia Sky 8 comprises 534 freehold units spread across three condominium blocks, with unit sizes ranging from 1,100 sq ft to 2,000 sq ft. Aside from sharing in Setia Pearl Island’s existing benefits that include ease of accessibility and a host of amenities, the project will also come equipped with a selection of facilities that will make it a most desirable place to live. • The Breeze @ Setia Pearl Island Yet another anticipated addition to S P Setia’s Setia Pearl Island development is The Breeze. The development, measuring 7.6ha, is the last piece of undeveloped land at Setia Pearl Island. Bearing an estimated development value of RM350

million, it will integrate both low- and high-rise housing units. The development comprises 450 units bearing a price tag of RM500,000 and above, and has a projected launch date sometime in the third quarter of 2013. • Setia Eco Forest A mixed development project worth around RM1.1 billion, this S P Setia creation in Tanjung Bungah will, without a doubt, be a hot topic in the northeast district of Penang Island. A development of the high-end variety, it will consist of a mix of landed properties and luxury condominiums. All in all, Setia Eco Forest has a total of 1,000 units up for grabs with prices ranging from RM600 per sq ft to RM700 per sq ft with the selling price amounting to RM700,000 and above. True to its name, the project will embody a green concept similar to the company’s existing development Setia Green, which carries a distinctive eco-living theme. Additionally, S P Setia will build a connecting road linking the project’s north area and Jalan Chan Siew Teong.

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SPECIAL FOCUS |

Upcoming Developments in Penang

3 • The Qbees Another project by S P Setia scheduled to be launched in 2013 is The Qbees, a luxury condominium project taking up residence in the established township of Teluk Kumbar. Sprawled across 1.2ha of prime land, the development will consist of 98 freehold condominium units with builtup areas ranging from 1,000 sq ft to 14,00 sq ft. Bearing an indicative price tag of RM500 per sq ft with the final price ranging approximately RM500,000 to RM700,000, the project is expected to be launched in the second half of this year.

which creates a 4-storey high waterfall that serves as the entrance statement to the project. The Peak is expected to be launched early 2013.

• The Peak Also taking advantage of its strategic location within a noteworthy township is S P Setia’s The Peak in Sungai Nibong. Comprising 341 condominium units spread across two blocks, the project is unique as it has a facade that varies from floor to floor and unit to unit, thus creating an illusion of randomness in regards to its appearance.

All units in Phase 2 are 3-storey terrace houses that feature wide window openings for airy ventilation and are divided into two types. There are 43 units of Adenia, which have a gross floor area of 3,028 sq ft, and 16 units of Boronia, which have a gross floor area of 3,341 sq ft. The development enjoys the added bonus of being a short distance away from the soon to be completed Penang Second Bridge.

Another defining feature of the development is its tension swimming pool,

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Sunway Bhd • Sunway Cassia (Phase 2) This offering by Sunway Bhd promises prospective residents their very own tropical haven, and it is not an empty one. The project’s location in Batu Maung gives it an environment rich with lush greenery that is highlighted by the six thematic gardens and parks within the development.

• Sunway Wellesley (Phase 2) Launched in August 2012, the first phase of Sunway Wellesley in Bukit Mertajam is a collection of 31 units of 3-storey shop offices featuring modern contemporary spaces and a striking facade that is an attractive boon to businesses. Phase 2 of this impressive development will be a mix of upmarket residential and commercial properties, and is expected to be unveiled to the public in the first quarter of 2013. Mah Sing Group • Southbay City The commercial component of Mah Sing Group’s Southbay integrated township, this project is sprawled over a 34.5-acre site in Batu Maung. It is modelled after noteworthy seaside properties across the world such as the Darling Harbour in Sydney and Canary Wharf in London.

RM400,000 to RM550,000. It is expected to be located close to its sister project, which is a 768-unit condominium development built on a 9.1-acre site in Sungai Ara. • Ideal Vision Park Early 2013 is the planned launch date for the first phase of Ideal Property’s Ideal Vision Park development. A RM1.5 billion mixed development scheme, it will comprise a total of 1,945 units of commercial and residential properties, as well as 550,000 sq ft of available commercial space. Worth a grand total of RM300 million, the development’s high-rise residential and commercial units will each cost between RM400,000 and RM600,000. Four more phases of the project have been planned, which will be launched in stages in 2014 and 2015.

The freehold mixed development contains restaurants, residential suites, a retail mall, two blocks of hotels and other commercial and recreational attractions. It has an estimated completion date in early 2013 and, when combined with the rest of the Southbay project, will have a total GDV of RM1.35 million.

IJM Land Bhd • Penang Waterfront Convention Centre The second half of 2013 will see work begin on the Penang Waterfront Convention Centre (PWCC), Penang’s own alternative to the existing renowned convention centres in Southeast Asia. The project is a joint effort between local developer IJM Land Bhd and Singaporean company Suntec International and is worth approximately RM5 billion.

Ideal Property Sdn Bhd • Imperial Two Scheduled to be launched in the second quarter of 2013, the second phase of the Imperial One project by Ideal Property Sdn Bhd will comprise properties bearing expected price tags ranging from

The commercial precinct will occupy 102 acres of land next to the Penang Bridge and will be developed in stages across seven to eight years. Aside from the convention centre itself, the development will also comprise a shopping centre, four hotels and an international business district.

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Setia Sky 8@Setia Pearl Island Penang Second Bridge Sunway Wellesley The Atmosphere (Lava)

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Upcoming Developments in Johor

bursting with property developments Johor, especially Iskandar Malaysia, has been making many headlines last year, and all for a very good reason: the rise of its property sector. How will the state fare this year? Let us look at some of the recent announcements that are paving the way towards making Johor the richest state in Malaysia. By Rakesh Kumar Besides Penang, if there was one state that has been making headlines in Malaysia in 2012 as far as property development news is concerned, it would be Johor. Unlike the northern state, which has been attracting interest from various property developers in the country, Johor has had to be content with being ‘just another state in Malaysia’ for a long time. That status is now changing for Johor with its crown jewel,

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namely, Iskandar Malaysia. Intense marketing effort from the Johor state government for investments has been made with strong support from the federal government. As a result, investors from around the world have been flocking to the southern economic corridor. Three times the size of Singapore, Iskandar Malaysia has attracted over RM105 billion worth of investments, and boasts additional headline-

making names such as Legoland Malaysia, Marlborough College, Pinewood Studios and various hospitals and universities. What is next for Johor? For one, it is poised to become Malaysia’s richest state in 2025, according to Nazri Khan, Affin Investment Bank’s vice-president and retail research head, who noted that the prediction is achievable as Iskandar Malaysia has already attracted 25% of the RM383 billion total investment targets for 2025.

What does this mean for the property situation in Johor? For one, this means fantastic opportunities for property developers who are not shy to enter the southern state, which is known for its oil palm plantations and pineapple farms. Let us examine some of the official announcements by property developers on upcoming developments that are taking place this year in Johor.

These houses will be built in Larkin, Kulaijaya, Pasir Gudang, Plentong and Nusajaya, among others. The land in these areas belong to the federal and state governments, as well as private developers. Datuk Mutalib also pointed out that, according to the survey PR1MA conducted, the target group for the homes, namely, the younger generation, preferred living in high-rise buildings.

PR1MA No property development article would be complete without the government’s Perumahan Rakyat 1Malaysia (PR1MA) initiative. At the end of last year, the scheme announced its intent to build 8,000 houses in Johor over the next three years. According to media reports, PR1MA CEO Datuk Mutalib Alias has stated that the projects would be launched this year and completed by 2016.

UEM LAND HOLDINGS BHD UEM Land Holdings Bhd’s subsidiary, UEM Land Bhd (UEM Land), recently signed a joint-venture agreement with Ascendas Land International Pte Ltd to develop an integrated ecofriendly tech park in Nusajaya (one of the five flagship zones in Iskandar Malaysia). Ascendas Land International and UEM Land will hold a 60% and 40% stake in the joint-venture respectively.

The integrated tech park, with a projected investment value of RM3.7 billion, will be located at Gerbang Nusajaya, an integrated mixed commercial development located a short distance away from the Malaysia-Singapore Second Link checkpoint. The company also signed a joint-venture agreement with Singapore’s FASTrack Autosports Pte Ltd to develop Motorsports City in Gerbang Nusajaya, which is accessible by a comprehensive network of main roads and highways to airports and seaports. The 70:30 joint-venture between FASTrack Autosports and UEM Land, valued at over RM3.5 billion, will see both parties establishing the Motorsports City masterplan, as well as the development and marketing strategies of the project.

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SPECIAL FOCUS | Interestingly, in a brochure promoting Gerbang Nusajaya, UEM Land highlighted that the town will be linked to Singapore by a MRT line, thus creating a ‘seamless integration’. However, the Singapore’s transport ministry responded by stating that they were not aware of any plans to do so. Central Malaysian Properties Sdn Bhd Central Malaysian Properties Sdn Bhd (CMP) last year announced that work on the Lido Boulevard project in Johor, worth over RM4 billion, has started with Lido Residences being the first component to be launched. CMP noted that mitigation works at the project site started back in July 2012, and it is planning to launch Lido Residences this year. The development comprises eight blocks of 18- to 26-storey condominiums with 908 fully furnished units, ranging from 2,459 sq ft to 9,089 sq ft. The units are priced over RM2 million each, or around RM1,300 per sq ft. Overlooking the Straits of Johor, the 50ha Lido Boulevard is an integrated residential and commercial development that spans 2.4km along the Tebrau Straits coastal line. The project is also located within Iskandar Malaysia and nearby Johor Bahru’s Central Business District; the Customs, Immigration & Quarantine (CIQ) complex; Johor Bahru’s railway station and the Johor BahruSingapore Causeway. Lido Boulevard is also known as one of the biggest privately financed initiatives in Iskandar Malaysia. The project is a jointventure between CMP and the Johor state government, the landowner.

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Upcoming Developments in Johor

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S P Setia Bhd Right after announcing its record-breaking sales of RM4.23 billion for its financial year which ended on 31 October 2012, S P Setia Bhd stated that it is setting an ambitious target of RM5.5 billion in total sales for 2013. Out of that figure, about RM3.5 billion will come from Malaysia, with the remainder from its overseas market, namely, the United Kingdom and Australia. The contributing Malaysian projects will be those in Johor Bahru, as well as KL Eco City and Setia Alam. Hua Yang Bhd Although the company did not mention any specific areas, Hua Yang Bhd has announced its intention to double property launches in 2013 in Johor. It recently closed its financial year with a group revenue of

RM306.41 million – 62% higher than the preceding year’s RM188.86 million, and pointed out that it will continue with its goal of developing affordable and quality homes, and maintain its focus on the Klang Valley, Perak, and, of course, Johor. WCT Bhd Towards the end of last year, WCT Acres Sdn Bhd, a unit of WCT Bhd, had entered into a 99year lease purchase agreement with Medini Land Sdn Bhd, a subsidiary of Iskandar Investment Bhd (IIB), for an 18.12-acre land for RM99.47 million. The land, situated in Medini North in Johor, another flagship zone of Iskandar Malaysia, will be used for a proposed mixed commercial development with an estimated gross development value (GDV) of approximately RM1.5 billion.

1 Johor is poised to be the richest state in 2025 2 The Senai International Airport is bringing investors from around the world to Johor 3 CMP’s Lido Boulevard is located near the CIQ Complex 4 Mah Sing Group’s The Meridin@ Medini is worth RM1.1 billion

development area with a potential GDV of RM12 billion. Axis-REIT Managers Bhd Although not a property developer, Axis-REIT Managers Bhd (a real estate investment trust company) recently announced its plan to acquire about RM350 million worth of properties this year, which include industrial properties in Iskandar Malaysia.

4 Work on the land would commence after the completion of the deal, which is expected to be in another six to 12 months. The development, which comprises offices, retail spaces and apartments, will be carried out over the next five years. Mah Sing Group Bhd Mah Sing Group Bhd too has interest in Medini. The company has entered into a lease purchase agreement with IIB for a piece of land worth RM74.7 million in Medini measuring 8.2 acres, where it plans to develop a mixed development project worth RM1.1 billion by this year. The development, known as The Meridin@Medini, will feature the Meridin Exchange corporate towers, the Meridin Suites residences, the Meridin Walk

lifestyle retail mall and Meridin Linx SoVo units (small office versatile offices). Crescendo Corp Bhd Crescendo Corp Bhd is currently set to launch its Bandar Cemerlang township, a 1,390-acre development in Johor which has a GDV of RM3 billion. The first phase will consist of medium cost houses in the township. The latter is strategically located near Ulu Tiram and can be accessed via the Johor Baru-Kota Tinggi highway. Sunway Group Bhd Sunway Group Bhd announced last year that it had acquired two parcels of freehold land for RM412.7 million in Iskandar Malaysia totalling 311.6ha through a joint-venture company. The latter, Iskandar Asset Sdn Bhd, a unit of IIB, will develop the site into a mixed integrated

Its chief executive officer Datuk George Stewart LaBrooy was quoted as saying that with properties in Nusajaya being much more affordable than those in Singapore, many international enterprises would be interested to have their operations based in Johor. Country Garden (Holdings) Ltd Saving the best for last, arguably one of the biggest news last year involved China’s biggest property developer, Country Garden (Holdings) Ltd, which inked an agreement to buy 22ha of land at Danga Bay for RM900 million from Iskandar Waterfront Holdings Sdn Bhd. A media report stated that Country Garden plans to develop 11ha of the site into an integrated property project with a GDV of RM18 billion. The project will include the construction of a luxury clubhouse, commercial tower, shopping mall, high-end condominiums and serviced apartments. With all this projects in place, Johor may indeed be on its way towards becoming the richest state in the country.

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INTERIOR DESIGN |

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contemporary meets colonial

contemporary meets colonial A stunning show unit in Bukit Jelutong offers a modern take on the classic style of a colonial home.

Located in Bukit Jelutong, Shah Alam, this semi-detached Greenhill show unit has a built-up space of 3,300 sq ft and boasts a decor and motifs that capture and provide a refreshingly modern twist to the spirit of colonial bungalows and safari adventures. This is largely attributed to its contemporary concept, influenced by colonial elements, which was the creation of interior designers Calvin, Clement and Johnny from Allegro Design. As a result, the unit has a distinct masculine theme that is particularly expressed in its guest bedroom.

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INTERIOR DESIGN |

contemporary meets colonial

Boasting a total of 5+1 bedrooms and five bathrooms, the show unit’s most striking features are its floor-to-ceiling, white louvred window and the door panelling used in the living room and master bedroom. Furnished with a 4-poster bed and a side table made of mirrors, the master bedroom has an adjoining nursery decorated with a pink-and-white colour scheme and a wing chair with purple brocade upholstery that is both practical and serves as the room’s decorative highlight. On the other hand, the guest bedroom has a predominantly brown-and-black colour palette that is supplemented by the rich textural surfaces created by the room’s patchwork rug, curtains and ceiling motif. It is decorated with wall coverings in bold prints and a vibrant zebra pattern that adorns the wall behind the bed, which has an alcove next to it that functions as a display shelving unit containing several whimsical African figurines that are illuminated by well-placed backlighting.

The mood for all of the show unit’s rooms is created through the use of lighting carefully selected from Light Focus and Black Apple. Chandeliers, pendant lamps and recessed lights are strategically located in each room, from the living room to every single bedroom, to achieve the right ambience. Considered the heart of every home, the kitchen is no less impressive. The island counter in the centre will be the first thing that grabs the attention of anyone who walks into the kitchen. Overlaid with a black marble top with white streaks and an exotic hardwood veneer, the counter’s bold dramatic design is further emphasised by the modern lighting fixture that resembles a suspended sculpture hanging above it.

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The old-fashioned white porcelain containers complement the kitchen’s white cabinets, which were custom-made in order to accommodate the numerous modern stainless steel appliances that are the staple

of every kitchen. Feeding these appliances is a hassle-free endeavour thanks to the built-in Schneider Switches power outlet system, which blends in well with the unit’s modern interior.

Additionally, the show unit’s bathrooms are fitted with quality sanitary ware from Johnson Suisse and American Standard that gives it an air of affordable luxury, and the latest Nippon paint products are put to maximum use, providing a wall texture that brings a welcome level of freshness. That is not to say that such a modern, elegant and comfortable interior can only be complemented with immensely expensive furnishings. The show unit wonderfully demonstrates this fact with a choice selection of accessories and furniture from SSF, which seamlessly match both the Goucera tiled flooring used in the dining and living rooms as well as the timber laminate flooring found in the bedrooms.

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7&8

Front view of the show unit The master bedroom features a 4-poster bed The nursery features a pink-and-white colour palette The guest bedroom’s vibrant zebra pattern is simply eye-catching The use of pendant lamps and recessed lighting helps create the right ambience in the dining room A black marble top becomes the focus of the kitchen The living room features a beautiful chandelier and Goucera tiled flooring

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CONTRIBUTOR |

joey yap

Your Animal Sign in the Water Snake Year Another year beckons as we bid farewell to the Water Dragon of 2012 and prepare to welcome the Water Snake in 2013.

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2 The year 2013 is the year of the Water Snake. A brand new forecast has been revealed for each of the 12 animal signs in Chinese astrology, so let us take a look at how each sign would fare in the coming new year.

Snake 1917, 1929, 1941, 1953, 1965, 1977, 1989, 2001, 2013

Goat 1919, 1931, 1943, 1955, 1967, 1979, 1991, 2003

Consider spending a substantial amount of money in the early part of the year as a counteractive move to lessen any possible loss of wealth later in the year. Make sure that you spend on something worthwhile. Patience and tolerance is the key to helping you face challenges at work.

Your career will go on cruise control this year, which is a good thing as you will have no excuses about having any distraction, thus allowing you to focus on achieving your desired results. Keep at it and the rewards will come. Stick to conservative investments if you plan to grow your wealth.

On the love front, single Snakes should keep their eyes open for â&#x20AC;&#x2DC;The Oneâ&#x20AC;&#x2122;. Stay on safer ground, literally, for 2013 is going to be a particularly risky year for you. Avoid extreme and dangerous activities as you need to deter from exacerbating negative energies.

Avoid schemes that sound too good to be true. As there are several negative stars looming around you, health complications are likely to be on the plate. As such, try to instil a positive change in your lifestyle.

Horse 1918, 1930, 1942, 1954, 1966, 1978, 1990, 2002 Time to get busy and your hands dirty, especially if you want to give your career a boost. Obstacles are ahead, but how you handle it makes a difference. Rewards will only go to those who make the effort. On money matters, keep to your budget and control your spending impulses with better financial management. As you are likely to be hit by a plague of germs and other infectious diseases, keep your hands clean and dry all the time, especially when you are out in public places.

Monkey 1920, 1932, 1944, 1956, 1968, 1980, 1992, 2004 People and interpersonal relationships are the key to your wealth and career this year. Take note of conflicts that arise and find ways to create an environment that will encourage teamwork. You will also be able to rise above financial turbulence with helpful people giving you the guidance you need to gain back what you have lost. 2013 is a fairly good year as far as your health is concerned. Things could possibly take a turn, however, if you neglect to take care of your wellbeing.

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joey yap

Rooster 1921, 1933, 1945, 1957, 1969, 1981, 1993, 2005 This is definitely the year for Roosters to seize the day in the name of love. Singles should show more effort to win the heart of the one they fancy, while attached Roosters can decide whether it is time to put a ring on it. Your wealth and career front looks unstable, but a helping hand could do wonders to improve your situation. Although a series of sickness and misfortune could be foreseen at this point, they are not entirely major ones â&#x20AC;&#x201C; thanks to the buffering from a helpful auspicious star. However, it is advisable for you to at least keep a steady eye on the potential brewing problem of the stomach and waist.

Dog 1922, 1934, 1946, 1958, 1970, 1982, 1994, 2006 It is a great year to find love and be in love! However, married Dogs will need more patience and tolerance to deal with their differences. Conflicts may arise at the workplace, so do not lose your cool and keep a low profile to get the job done. Money-wise, resist the impulse to spend unnecessarily. There are possibilities for bodily harm, mishaps or accidents to occur, but do not give the negative star a chance to strike as you can stay on the safe side by avoiding any aggressive or dangerous activities.

Pig 1923, 1935, 1947, 1959, 1971, 1983, 1995, 2007 Stay in control of your finances. Curb reckless spending and learn to manage your money well to minimise potential losses. Office gossips may be rampant â&#x20AC;&#x201C; just do your best not to get involved at all. Maintain a positive mindset and focus on cultivating your skills and knowledge instead.

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Safety and a positive wellbeing go hand-in-hand in building good health. Though both are forecasted to be laced with illnesses and risks, do not let that be the reason for you to throw caution to the wind â&#x20AC;&#x201C; if anything, this should be the time for you to increase your awareness!

Rat 1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008 Good strategy and proper planning can get you ahead. Opportunities will reveal itself throughout the year, so ensure that you are well-prepared with the right knowhow to make the best of it. Approach your wealth generation and management in a similar way. Do thorough research before you decide on your preferred investment. Your health outlook will face some hiccups this year, no thanks to the negative pull from some inauspicious stars. Lethargy and energy loss could be expected, but do not worry as supplements and some light exercise could do the trick in boosting your energy level.

Ox 1925, 1937, 1949, 1961, 1973, 1985, 1997, 2009 Wealth Luck is on your side this year, especially so for wealth accumulation. You will come across opportunities and people who are able to help you improve your wealth. Even so, do not neglect to do your own research before you proceed. Gossips at the workplace may cause some trouble. Be diplomatic when confronting the situation. Greater care and attention is needed as your body will be susceptible to sickness and injuries. As a good star is on your side, any sickness or injuries will not be a significant or major one.

Tiger 1926, 1938, 1950, 1962, 1974, 1986, 1998, 2010 An unstable career outlook may force you to go solo with your work. But do not take this as a bad sign. It can be an opportunity to sharpen your abilities and skills without any interruption, which can be beneficial for you later on. Be cautious with your spending and do thorough research before you invest your hard-earned money. There is a chance for minor health complications to take place, no thanks to the meddling of an inauspicious star. However, this is not a major concern. On the plus side, a helping hand in terms of medical assistance will be there at the right time.

Rabbit 1915, 1927, 1939, 1951, 1963, 1975, 1987, 1999, 2011 Practice better financial management this year as your Wealth Luck is somewhat average. Your career outlook is on the steady side, but that is no reason for you to rest on your laurels. Use this time to be more tenacious with your efforts to increase your potential for success. Health-wise, see a doctor if anything is amiss. There is rocky ground ahead, so watch your diet and establish a regular exercise regime.

Dragon 1916, 1928, 1940, 1952, 1964, 1976, 1988, 2000, 2012 A recovery in your wealth is possible this year if you play your cards right. Your professional front, on the other hand, will face some difficulties. However, you are lucky to have helpful people on your side to pull you through such hard times. Romance will fare better for you this year, so embrace it wholeheartedly! Be prepared as you will be plagued with numerous health complications, and in some extreme cases â&#x20AC;&#x201C; even danger or mishaps. Thus be alert and take the necessary precaution.

This is, of course, just a glimpse of what to expect for your animal sign in 2013. To know more on how you would fare in terms of wealth, health, relationship and career, be a part of the upcoming Feng Shui & Astrology for 2013 seminar in Malaysia and Singapore this month. Visit www.masteryacademy.com/FSA2013/ home.asp for details and ticket purchase.

To personalise your forecast, contact Joey Yap Consulting Group at 03-2284 1213 or email consulting@joeyyap.com for a private BaZi consultation.

Joey Yapâ&#x20AC;&#x2122;s Profile Joey Yap is the leading Feng Shui, BaZi and Face Reading consultant in Asia. He is an international speaker, bestselling author of over 75 books and master trainer in Chinese Metaphysics. He is also the Chief Consultant of Joey Yap Consulting Group and founder of the Mastery Academy of Chinese Metaphysics. For more information, visit http://www.joeyyap.com/iproperty. Joey Yap Consulting Group 19-3, The Boulevard, Mid Valley City, 59200 Kuala Lumpur, Malaysia. Tel: +603-2284 8080 | Fax: +603-2284 1218

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CONTRIBUTOR |

hba

Time to Fine-Tune the Bumiputera Discount (Part II) The National House Buyers Association has made 10 recommendations to the government on ways to curb the unbridled escalation of house prices. One of the pertinent points relates to the issue of Bumiputera discount.

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Property developers are profit orientated entities and are not in the business of doing charity work. When a percentage of their units are sold at a discount, the price of the remaining properties will have to be marked-up to ensure that the projected level of profits is met. Hence, this increases the cost of property ownership for nonBumiputeras. At a public forum, a renowned developer stated that, “We will not suffer losses from those sales, but merely ‘adjust the costing’ for the nonBumiputera units.” This means that the sale price is invariably adjusted into the overall pricing. While the mantra ‘those who are more fortunate should help those who are less fortunate’ holds true, non-Bumiputeras should not be further subsidising affluent Bumiputeras to acquire multiple properties. Hence, the National House Buyers Association (HBA) calls for the Bumiputera discount to be fine-tuned to ensure that this

noble policy reaches the correct target group. To prevent further abuses, HBA recommends the following: (i) Price cap and type of property The Bumiputera discount was intended to assist lower income Bumiputeras acquire their own home. Hence, there should be a maximum price cap of say up to RM500,000. This price cap can be further fine-tuned from state to state, and between the urban and rural areas, as it is widely acknowledged that properties in the Klang Valley, Penang and Johor are priced much higher. The types of properties that should be excluded are luxury homes such as bungalows, semidetached homes and penthouse condominiums or apartments. This would mean that only link-homes and condominiums or apartments that cater to the masses and less affluent buyers will be eligible for the Bumiputera discount, thus ensuring that the latter reaches the right target market.

(ii) Maximum number of properties There must be a maximum number of properties that are eligible for the Bumiputera discount. The vast majority of the rakyat can only afford to buy one property in their lifetime, while some are fortunate enough to be able to buy an additional property for long-term investment and/or to fund their children’s education. Hence, the maximum number of properties that is eligible for the discount by the same Bumiputera buyer should be capped at two properties. This will prevent affluent Bumiputeras from acquiring multiple properties at a discount, thus preventing the less fortunate Bumiputeras from acquiring such properties. (iii) Only private residence should be eligible Only properties meant for private dwelling should be eligible for the Bumiputera discount. Bumiputeras who are savvy

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CONTRIBUTOR |

hba

enough to acquire commercial properties for business purposes cannot be considered as belonging to the ‘less fortunate category’ and deserving of government aid. There are various other government agencies such as MARA for that purpose. There is also MIDA, which is better equipped to assist such aspiring Bumiputera entrepreneurs. HBA believes that the fine-tuning of the Bumiputera discount will lead to a healthy property market, which will benefit both the Bumiputeras and non-Bumiputeras. The property sector has long been considered as the main engine of growth for the economy and it is in all our best interest to ensure that this industry is not bogged down by outdated government policies such as a blanket Bumiputera discount. HBA further calls for the government to provide a one-time discount of 7% for all first-time non-Bumiputera housebuyers earning less than RM5,000, to buy properties for private dwelling costing less than RM400,000. Only by doing so can we achieve our Prime Minister’s vision of PR1MA that all deserving rakyat will not be deprived

of the ‘fruits’ of our government in line with the motto: ‘Those who deserves it should get it’. The figure RM5,000 a month was chosen as the government saw fit to increase the EPF contribution from the employers by 1% in the recent Budget, and this will assist middle-income families who are squeezed by rising costs to acquire their first home. This policy will also encourage more property developers to build more affordable properties, which will also benefit the Bumiputeras at large. Conclusion As such, there should be a specific mechanism or proper holistic guideline drawn to regulate the entitlement of the Bumiputera discount. There should also be a specific guideline that for Bumiputeras who have bought properties (residential or commercial) while enjoying those ‘discounts’, they should be restricted from disposing off their property (for a gain) within a certain time frame, say five years, to avoid exploitation of the discount. >> This is Part 2 of a 2-part article. Part 1 was published in the previous issue.

NATIONAL HOUSE BUYERS ASSOCIATION [HBA] No. 31, Level 3, Jalan Barat, Off Jalan Imbi, 55100, Kuala Lumpur Tel: 603-2142 2225 | 012-334 5676 | Fax: 603-2260 1803 Email: info@hba.org.my | Web Site: www.hba.org.my

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CONTRIBUTOR |

acescube

Investing in Property at a Young Age So what should you do if you are young and thinking about investing in properties? Do you ever ask yourself; should I be investing in property at all, and what can I expect to get from it? If it is the road to quick riches that you are seeking, then this is not the right path to take. Yes, we have seen some huge run-up in prices over the years, and it is true that property prices, like the economy, tend to run in cycles. As such, we will obviously see more price increases in years to come, despite the current negative sentiment enveloping much of the globe. There is a whole bunch of other factors pointing to future price increases too. In some cities, the lack of new building stock will keep the supply lower than it should be, yet the population continues to grow and so does demand. However, do not bet everything on this happening. Instead, expect to see, over a longer period of time, steady

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increases with plenty of troughs along the way as the economic cycle rises and falls. Now, here is the cue for readers who argue that the market is about to tank and that now is not the time to buy property. With

Europe perched on a precipice and the United States still in an uncertain state, you have to ask yourself if the bottom of the market has been reached yet despite the pretty strong fundamentals underpinning the Malaysian economy at the moment. However, if you are a young person just starting to save for your first property, you have a bit of time to sit back and watch the market while you save, so do not fret too much at this juncture. If you plan on being a landlord, you will need to have some extra cash to cover the loan while in between tenants, and also to pay for any repairs needed on the property. If you are buying an apartment block or townhouse, you may also need extra money to pay for special levies such as building repairs not covered by the sinking fund. So the smart thing to do is to save a good amount of money before purchasing any property to ensure that you are not taking an uncomfortable risk. Buying a property close to the city can be good, however, one should also consider the public infrastructure that is available, and whether or not the suburb has the potential to develop over time. Buying near MRT or LRT stations is always a good bet as the infrastructure will be there for a long time. In fact, as the local population continues to grow and the area becomes more congested, the infrastructure will become even more important. Keep

your potential tenant in mind â&#x20AC;&#x201C; what type of person would like to rent your unit and do these people generally live in the area? Direct any spare cash you have to your savings account, not your investment loan. While it is not advisable to dump all of your extra cash into your investment loan, it is prudent to pay the property off over time to gradually reduce your liabilities. You should also be prepared to spend on maintenance over time and keep your property up to scratch. This will help you attract better tenants; in addition, property will also hold its value better. Rundown rental properties look shabby and often do not command a good price when it is time to sell. As a young investor, it is advisable for you to find a partner who knows the market and who can help you get started. Find a real estate agent or broker who is familiar with the area you are interested in, and who wants to work with you in the future. You cannot buy a property without the necessary capital. As such, you may want to meet up with a professional advisor before seeing a lender to make sure you are ready to handle the ups and downs that come with being an investor. As a real estate investor, you will certainly experience your share of lows, including vacancies on your rental property, your property staying on the market longer than you would like, and tenants who can no longer afford to pay the rent. So be prepared for the worst. It is also important to make accurate monthly repayment according to the current Base Lending Rate. If you have your sights set on owning more than one property, do not be in too much of a rush. Maintain an investment portfolio that is balanced. When you have built enough equity, you can then consider buying a second property. You would want to hold onto each property for as long as you see fit, rather than be forced to sell should disaster strike.

This article is contributed by AceScube, which provides training in loan calculation, banking and finance knowledge and other business and communications know-how for entrepreneurs. For more info on AceScubeâ&#x20AC;&#x2122;s BLR Management Service and Customer Appreciation Program log on to: www.acescube.com.my or contact them at (603) 9054 4033 or email them at info@acescube.com.my.

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CONTRIBUTOR |

chan ai cheng

Challenges In the property market in (Part 1) Inflation, affordable housing, law amendments and the environment; these are just some of the obstacles that can be expected in the coming year. The year 2013 is expected to be marked with rising property prices due to inflation resulting from rising commodity prices. This would add to the challenges involved in the development of affordable housing for the low- and middle-income group of the community. At the same time, the proposed Strata Management Act of 2012, when passed, is expected to have a major impact on local communities. Recent environmental disasters in various parts of the world, including the recent Hurricane Sandy and flooding in various parts of Peninsular Malaysia, highlight the importance, relevance and urgency of the sustainability issue to all parties, from homeowners and developers, to suppliers and governments. International inflationary pressures The collective action of several national banks worldwide to purchase their debts may serve the purpose of stimulating their economies, but it would also result in inflation and an artificial appreciation of real estate. Their actions could result in the appreciation of commodity prices, and this could filter into the cost of living as well as the cost of assets. On 6 September 2012, the European Central Bank had come up with a plan for unlimited

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bond purchases. This was followed by Chinaâ&#x20AC;&#x2122;s plans to spend billions on roads, rail and other infrastructure projects. On 13 September 2012, the Federal Reserve had decided to launch a new US$40 billion a month, open-ended, bond purchasing program of agency mortgage-backed securities and also to continue a policy of extremely low rates until at least mid-2015. As of end October, the Bank of Japan had expanded its asset program by 11 trillion yen, ramping its current bond buying program to 91 trillion yen. This follows a similar move in September, when the bank expanded its program by 10 trillion yen. Its rationale for the expansion was the significant economic challenges posed by Europeâ&#x20AC;&#x2122;s debt crisis, a lack of momentum in the United Statesâ&#x20AC;&#x2122; economy and diplomatic tensions with China. With a substantial amount of liquidity in the financial markets and the increase in spending, especially by China and the United States in the aftermath of Hurricane Sandy, the resulting devaluation of currencies and increase in demand for commodities would result in the increase of commodity prices such as gold and oil, which would filter into other commodities such as food, cement and steel, all of which would contribute to the rise of inflation and thus real estate prices.

It is important to note that steel prices have risen steadily over the past 10 years, except for 2008, when it spiked temporarily to twice its lowest price. Challenges to affordable housing The rise of inflation raises the urgency and importance of affordable housing for the low- and middle-income groups. The timing is ideal with the government’s affordable housing programmes expected to be implemented by various government agencies in 2013. As presented by Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak in Parliament on 28 September 2012, the Government is allocating RM1.9 billion to build 123,000 affordable housing units in strategic locations in 2013. The initiative will be implemented by 1Malaysia People’s Housing Scheme (PR1MA), Syarikat Perumahan Nasional Bhd (SPNB) and Jabatan Perumahan Negara. Out of the RM1.9 billion allocation, RM500 million will be spent by PR1MA to build 80,000 houses in major locations nationwide such as Kuala Lumpur, Shah Alam, Johor Bahru, Seremban and Kuantan with the selling price ranging between RM100,000 and RM400,000 per unit. Another RM500 million is allocated to the Housing Facilitation Fund to build houses in collaboration with private housing developers. Distributed through an open balloting system, the house prices will be 20% lower than the market price. The housing programme is open to individuals or families (husband and wife) with a monthly household income of between RM2,500 to RM7,500, who own no more than one property.

A total of RM320 million will be allocated through SPNB to build 22,855 residential units including low- and medium-cost apartments, including 1,855 medium-cost apartment units with a built-up area of 850 sq ft in Shah Alam and Sungai Buloh, with a selling price of RM120,000 to RM220,000 per unit. A total of 21,000 houses will be constructed and priced at RM65,000 per unit with a subsidy of RM20,000 as well as a 2% subsidy on interest rate. In addition, a total of RM543 million has been allocated to Jabatan Perumahan Negara to build 20,454 units through the Industrialised Building System (IBS), which is to be sold between RM30,000 and RM40,000 per unit, much lower than the market price of about RM120,000 per unit. The Government will also allocate 20% of the people’s housing programme (PPR) houses to public sector employees and 1% to the disabled. Collectively, these housing programmes will increase the supply of housing and should help to moderate property prices so that it will be affordable to Malaysian citizens within the low- and middle-income group. In the second segment of this article, I will focus on the proposed Strata Management Act of 2012 which, when passed, is expected to have a major impact on local communities. Furthermore, in spite of the challenges being posed by climate change, which is resulting in the destruction of several communities, environmental conservation and sustainability issues are being taken seriously by several parties. This is part 1 of a 2-part article. Part 2 will be published in the next issue.

Chan Ai Cheng • General Manager, S. K. Brothers Realty (M) Sdn Bhd • Registered Estate Agent with the Board of Valuers, Appraisers and Estate Agents Malaysia • Certified Residential Specialist, NAR USA • Certified International Property Specialist, NAR USA • Registered Financial Consultant, IARFC * For feedback on this article or any other comments, please email aicheng@skbrothers.com.

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Project Name: Concerto North Kiara Location: Jalan Dutamas Raya, Kuala Lumpur Property Type: Condominium Land Title: Residential Tenure:Freehold Land Area: 5 acres Build Up: 1,707 - 2,084 sq ft Expected Date of Completion: 4th Quarter 2015 Developer: BCB Berhad (172003-W) Phone: (603) 6259 6999 Fax: (603) 6259 7999 Website: www.bcbbhd.com.my www.concerto.com.my www.facebook.com/BCBBerhad

Project Name: Verde @ Ara Damansara Location: Petaling Jaya, Selangor Property Type: Serviced Condominium Land Title: Commercial Tenure: Freehold Land Area: 4.8 acres Build Up: 1,383 - 2,110 sq ft Developer: Lembah Penchala Sdn Bhd Phone: (603) 7728 6666 / (6012) 651 2355 / (6012) 538 8133 Fax: (603) 7804 8913 Website: www.verde-aradamansara.com

Project Name: AraGreens Residences Location: Ara Damansara, Petaling Jaya, Selangor Property Type: Serviced Residence Tenure: Freehold Land Area: 7.5 acres Build Up: 684 â&#x20AC;&#x201C; 3,831 sq ft Expected Date of Completion: 2015 Developer: HSB Development Sdn Bhd (710822-A) Phone: (603) 2787 0688 Fax: (603) 2787 0699 Website: www.aragreens.com

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Project Name: The Mark Location: Taman Bukit Segar Jaya, Cheras, Selangor Property Type: Serviced Residence Land Title: Commercial Tenure: Leasehold Build Up: 618 - 1,166 sq ft Listing Price: RM 380,000 - RM 670,000 Add in Package: Fully Furnished Developer: Jaguh Gemilang Sdn Bhd (484693-W) Phone: (603) 2278 1118 Fax: (603) 2278 1119 Website: www.themark.com.my

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Project Name: Mansion Park Location: Cyberjaya, Selangor Property Type: 3-sty Terrace/Link House Land Title: Residential Tenure: Freehold Build Up: 4,085 - 5,362 sq ft Listing Price: From RM1,503,888 Expected Date of Completion: 2015 Developer: Tindak Murni Sdn Bhd (235180-X) Phone: (603) 8948 5555 Fax: (603) 8943 4508 Website: www.countryheights.com.my

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Project Name: KRISALIS Location: SS5C, Kelana Jaya, Selangor Property Type: Semi-detached House Land Title: Residential Tenure: Freehold Land Area: 4,950 - 7,855 sq ft Listing Price: From RM2,200,888 - RM2,686,888 Expected Date of Completion: November 2012 Developer: Perbadanan Kemajuan Negeri Selangor (PKNS) Phone: (603) 5510 2316 HP No: (6016) 251 0113 / (6016) 245 8116 Fax: (603) 5510 2337 Website: www.pknsproperty.com / www.krisalispkns.com

Project Name: Dolomite Templer Location: Selayang, Selangor Property Type: Terrace House Land Title: Residential Tenure: Freehold Land Area: 22’ X 75’ Built Up: 3,299 - 3,881 sq.ft. Listing Price: RM1,251,200 - RM1,846,900 Expected Date of Completion: Nov 2013 Developer: Dolomite Properties Sdn Bhd (15302-U) Phone: (603) 6195 6000 Fax: (603) 6185 7911 Website: www.dolomitempler.com

Project Name: Urbana@D'Alpinia Location: D'Alpinia, Puchong, Selangor Property Type: Bungalow & Link Bungalow House Land Title: Residential Tenure: Leasehold Land Area: 14 Acres Build Up: From 3,489 sq ft (Link Bungalow) / From 4,749 sq ft (Bungalow) Listing Price: From RM1,700,000 (Link Bungalow) / From RM2,200,000 (Bungalow) Status: Completed With CF Developer: Hap Seng Land Development (Puchong) Sdn Bhd (354071-T) Phone: (603) 8958 0880 / 83 / (6019) 278 1337 / (6012) 385 8512 / (6016) 660 9811 Fax: (603) 8958 0882 Website: www.hapsengland.com

Project Name: Cyberview Tower 12 &12A Location: Cyberjaya, Selangor Property Type: Office Land Title: Commercial Tenure: Freehold Land Area: 153,846 sq ft & 197,989 sq ft Listing Price: From RM92,000,000 Status: Completed With CF Developer: Cyberview Sdn Bhd (405553-T) Phone: (603) 8315 6132 / 6035

Project Name: Forty5 Perling (3 & 4 Storey Shop Office) Location: Taman Perling, Johor Bahru, Johor Property Type: Shop-Office Land Title: Commercial Tenure: Freehold Build Up: 5,295 - 11,814 sq ft Listing Price: From RM1,424,888 - RM3,679,888 Expected Date of Completion: 3 Years From The Date Of SPA Developer: Pelangi Sdn Bhd (13509-H) Phone: (607) 218 1800 Fax: (607) 332 4968 Website: www.inp.my

Project Name: Gravitas Biz Park Location: Shah Alam, Selangor Property Type: Factory Land Title: Industrial Tenure: Freehold Build Up: 4,900 - 5,900 sq ft Total Units/Lots: 50 Bumi Discount: 7% Expected Date of Completion: Mid of 2015 Developer: Potensi Rajawali Sdn Bhd Phone: (603) 2161 3322 / (603) 7728 2229 Fax: (603) 2161 3327 Website: wwww.oskproperty.com.my/gravitas.html

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Project Name: Suria Jelutong Location: Bukit Jelutong 2, Shah Alam, Selangor Property Type: Soho Land Title: Commercial Tenure: Freehold Land Area: Approximately 4.5 acres Expected Date of Completion: March of 2015 Developers: Sunsuria Hillpark Sdn Bhd (561852-T) Phone: (603) 6142 2727 / (603) 6145 7777 Fax: (603) 6142 2227 Website: www.sunsuria.com

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Project Name: Cinta Ayu Resort Apartments Location: Johor Bahru, Johor Property Type: Apartment Land Title: Residential Tenure: Freehold Land Area: 17,387.6 sqm Build Up: 400 - 2,037 sq ft Listing Price: From RM318,122 - RM1,493,121 Expected Date of Completion: Completed With CF Developer: Pulai Springs Resort Berhad (204821-X) Phone: (607) 521 2121 Fax: (607) 521 1818 Website: www.pulaigroup.com

Project Name: Promenade 2 Storey Cluster Location: Taman Ungku Tun Aminah, Johor Bahru, Johor Property Type: Cluster Homes Land Title: Residential Tenure: Freehold Build Up: 2,441 - 2,908 sq ft Expected Date of Completion: 30 June 2014 Developer: Tasek Homes Sdn Bhd (680290-H) Phone: (607) 232 0088 Fax: (607) 232 7153 Website: www.tasekmaju.com.my

Project Name: The Garden Residences Location: Taman Mutiara Mas, Johor Bahru, Johor Property Type: Serviced Residences Land Title: Commercial Build Up: 641 - 1,302 sq ft Listing Price: From RM254,000 - RM605,000 Expected Date of Completion: Early 2016 Developer: Scientex (Skudai) Sdn Bhd (216001-X) Phone: (607) 559 9988 Fax: (607) 559 9333 Website: www.thegardenresidences.com.my

Project Name: Seri Austin Residence Luxury Apartment Location: Seri Austin, Johor Bahru, Johor Property Type: Apartment Land Title: Residential Tenure: Freehold Build Up: 629 - 1,208 sq ft Listing Price: From RM214,800 - RM543,800 Expected Date of Completion: Mar 2015 Developer: Dynasty View Sdn Bhd (644369-M) Phone: (607) 354 1111 Fax: (607) 351 3202 Website: www.umland.com.my/austin/austin.htm

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Project Name: Fragonard Garden Location: Balik Pulau, Penang Property Type: 2-sty Terrace/Link House Land Title: Residential Tenure: Freehold Land Area: 1,200 â&#x20AC;&#x201C; 2,600 sq ft Listing Price: From RM540,000 - RM756,880 Expected Date of Completion: June 2013 Developer: Anteajaya Sdn Bhd (VST Group Of Companies) (642656-T) Phone: (604) 226 4087/(6012) 489 2888 Fax: (604) 227 8127 Website: www.vstgroup.com.my

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Project Name: Taman Laguna Location: Jalan Sri Laguna, Johor Bahru, Johor Property Type: 2-sty Terrace/Link House Land Title: Residential Tenure: Freehold Land Area: 2,080 sq ft Listing Price: From RM638,000 - RM1,209,000 Expected Date of Completion: March 2014 Developer: Nusa Utama Sdn Bhd (466265-A) Phone: (607) 241 2266 Fax: (607) 238 2866

Project Name: Taman Laguna - Semi Detached House Location: Johor Bahru, Johor Property Type: Semi-detached House Land Title: Residential Tenure: Freehold Land Area: 4,370 - 4,500 sq ft Build Up: 4,172 sq ft Listing Price: From RM1,300,000 - RM1,900,000 Expected Date of Completion: June 2014 Developer: Nusa Utama Sdn Bhd (466265-A) Phone: (607) 241 2266 Fax: (607) 238 2866

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Project Name: Apartmen Bayu Marina Location: Taman Bayu Puteri, Johor Bahru, Johor Property Type: Serviced Residence Land Title: Commercial Tenure: Leasehold Land Area: 69,497 sq ft Build Up: 609 - 1,406 sq ft Listing Price: From RM347,000 - RM857,000 Status: Completed with CFO Developer: Paradise Realty Sdn Bhd (466603-U) Phone: (607) 334 7378 Fax: (607) 334 7379 Website: www.bayuputerimarina.com Email: sales_marketing@bayuputerimarina.com

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Project Name: D'Serambi Location: Taman Perling, Johor Bahru, Johor Property Type: 2-sty Terrace House Land Title: Residential Tenure: Freehold Land Area: 22' x 80' Build Up: 2,618 - 2,725 sq ft Listing Price: From RM550,888 - RM686,888 Price per sq ft: RM210 - RM252 Expected Date of Completion: 2 years from the date of SPA Developer: Pelangi Sdn Bhd (13509-H) Phone: (607) 218 1800 Fax: (607) 332 4968 Website: www.inp.my

Project Name: Indah Villa Location: Permas, Johor Bahru, Johor Property Type: Bungalow House Land Title: Residential Tenure: Freehold Land Area: 6,000 sq ft Build Up: 4,961 sq ft Listing Price: From RM1,880,000 Status: Completed With CF Developer: Acmeland Development Sdn Bhd (883021-V) Phone: (607) 432 8333 / (6012) 711 1083 Fax: (607) 431 8029 Website: www.pamir.com.my

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Project Name: D' Summit Residences Location: Kempas Utama, Johor Bahru, Johor Property Type: Serviced Residence Land Title: Commercial Tenure: Freehold Land Area: 9.98 Acres Build Up: 527 - 904 sq ft Listing Price: From RM305,900 Expected Date of Completeion: December 2017 Developer: Wealthy Growth Sdn Bhd (740335-V) Phone: (607) 558 2233 Fax: (607) 558 5511 Website: www.ioijohor.com/kempasutama

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Project Name: Mont’ Callista Location: Taman Pulai Bayu, Skudai, Johor Property Type: Cluster Semi-D House Land Title: Residential Tenure: Freehold Land Area: 40x80 & 45x80 Build Up: 3,071 sq ft Listing Price: From RM748,000 – RM 910,000 Expected Date of Completion: July 2014 Developer: Bunga Development Sdn Bhd Phone: (607) 554 5318 / (607) 554 5319 Fax: (607) 554 5311 Website: www.pjdprop.com.my

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