iProperty.com Issue 96 February by iproperty.com

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

The Passion Behind PR1MA

And the man who championed the initiative

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

9 771823 872006

Issue 96 94 | Feb Dec 2013 2012 | RM8.00, S$8.00

Perak Homecoming

The robust growth of its property sector

Winning the hearts of homebuyers and investors

Presenting

THE BEST REAL ESTATE

http://www.iproperty.com.my/state/Penang

CEO’s

forEwOrd

Happy Chinese New Year! I still find it hard to believe that we are already into the second month of the year. It looks like this year is going to whizz us by rather quickly as well. Truth be told, what is there not to like about February. It is the only month in the year with less than 30 days. It is also the only month to have 29 days every four years. I have been living in Malaysia for nearly three years now. Aside from the bright sunshine and warm weather, and its wide array of food and friendly people, another reason why I love Malaysia and proud to call it my home away from home is because of its rich diverse culture. From ushering in the New Year to celebrating Thaipusam in January, we can now look forward to celebrating Chinese New Year. I have been told that this year, we bid farewell to the Year of the Dragon and usher in the Year of the Snake. The latter, I was informed, is the sixth sign of the Chinese Zodiac and promises steady progress and attention to detail. The Year of the Dragon was a good year for the iProperty Group and I am sure that the Year of the Snake will be just as good or even better. I have always been curious to know the meaning of ‘Gong Xi Fa Chai’ as it is a phrase I often hear and read about. I found out that it is an auspicious greeting, where one person wishes another prosperity in the coming year. Also, in this issue, we have a special focus on property developments in Perak, also known as The Land of Grace. So if you are looking at investing in Perak, then flip to page 39 to learn more about the latest developments there. From all of us at the iProperty Group, Gong Xi Fa Chai! Sincerely

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, DEVELOPER EDWARD SUTTON GENERAL MANAGER, BUSINESS OPERATIONS LOH-LIM SHEN YI 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

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. 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.

Shaun Di Gregorio Chief Executive Officer The iProperty Group

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

CONTENTS 39

Perak homecoming Coming home to the Land of Grace

42........................................ Casa Bintang Residence A new landmark in Ipoh 46.....................................Abby @ Grand Retreats 2 An artistic rendition of urbanisation 50..................................Cornerstone Condominium Taipingâ&#x20AC;&#x2122;s magical transformation 52........................................................ Lunar Properties Putting its best foot forward

56.......................................... Ensconced in Elegance A penthouse at St Mary Residences marries elegant luxury with warm comfort 62........................................................................Joey Yap Feng shui for long-term property investment

64........The National House Buyers Association House buyers beware 68..................................................................... AceScube Maximising your returns from property investments

70.......................................................... Chan Ai Cheng Challenges in the property market (Part 2) 72...................... Home Services Directory Listing 74....................... Latest Developments Directory 79...... Featured Agenciesâ&#x20AC;&#x2122; Listings & Directory 80................................................................ Subscription

BOOK REVIEW

The Modern Thai House: Innovative Design in Tropical Asia Author : Robert Powell Photography : Albert Lim KS Publisher : Periplus Editions Price : RM125 Pages : 224

Thailand has the rare privilege of being the only country in Southeast Asia that has never been colonised, and this is reflected in the architectural landscape of the country. In the absence of any past Western colonisation, Thai people have instead, adopted and assimilated the modern architecture styles of the West into their own cultural tradition, as evident by the 25 spectacular houses showcased in this hardcover book. These featured dwellings, all of which are accessible from Bangkok, Phuket and Chiangmai, range from primary residences to weekend and vacation homes. Six of the homes are so-called three-generation houses, where the overarching design is centred on the common Asian practice of extended families living together under one roof. The houses in The Modern Thai House are the products of 19 representatives of the younger generation of Thailandâ&#x20AC;&#x2122;s skilled architects who, for the most part, pursued their graduate studies in the United States or the United Kingdom. The results of their quality education as well as their natural talent are prominently and tastefully portrayed in their work, where each successfully marries modernism with cultural preferences to create a house that meets the wants and needs of its inhabitants. True to the spirit of world concerns over climate change, many of these homes also

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reflect the growing sense of responsibility among the architects to build sustainable buildings, which has become a marketable aspect due to the same rising awareness among homeowners. Their designs take full advantage of Thailandâ&#x20AC;&#x2122;s tropical climate and unique cultural styles, while integrating Western architectural sensibilities and innovation. Readers will be able to truly absorb the finer details that have been incorporated into each abode, largely thanks to the experienced skills of photographer Albert Lim in capturing the essence and personal touches that infuse every single dwelling. Robert Powellâ&#x20AC;&#x2122;s ability to tell a story about Thailand, the house in question and its architect as he describes each one, adds to the substance and context of each shot, allowing for a full appreciation of the thought and effort that has gone into creating their designs.

VIEWPOINT

The Passion behind PR1MA 2013 will be an interesting year for the property industry with the development of Perumahan Rakyat 1Malaysia (PR1MA) homes, with locations in three states already confirmed last year. By Rakesh Kumar In 2011, there was already a government program in place called Rumah Mesra Rakyat, implemented by Syarikat Perumahan Negara Bhd for those earning RM2,500 and below. Following that, the Perumahan Rakyat 1Malaysia (PR1MA) initiative was announced on 4 July of the same year to address the needs of middle income earners, i.e. those

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earning a household income between RM2,500 and RM7,500. The initiative was intended to help address the needs of the ‘middle 50’, according to Dato’ Abdul Mutalib Alias, chief executive officer (CEO) of the PR1MA unit at the office of the Prime Minister and also CEO of PR1MA Bhd (later established under the PR1MA Act).

Together with his team, he started analysing the available statistics and compared the average household income, including those who does and does not own a home. Of the total, 40% belong to the category of those earning below RM2,500, while those earning between RM2,500 and RM7,500 form 50% of that group, while

owners of one property can now look at alternative locations offered by the initiative. In the meantime, a lot of work had to be done to get the program off the ground. Kicking things off When the PR1MA initiative was first announced, Dato’ Abdul Mutalib was not even in the picture, although he was part of the small informal group called by the Prime Minister to discuss housing issues. He said, “Our first idea was to get the developers to spearhead the development of affordable homes.” the remaining 10% earn RM7,500 or more. Hence, it was the ‘middle 50’ that interested Dato’ Abdul Mutalib and his team. Among those earning below RM2,500, 64% have their own home, while the rest do not. The same percentage applies to those in the ‘middle 50’. Dato’ Abdul Mutalib pointed out, “However, there was already a program catering to those earning below RM2,500. The group that is left out is the ‘middle 50’.” This was how the group became the target for the PR1MA scheme. Later, a question arose whether the scheme should target only first time homebuyers, or should it also be extended to those who already had a home. He said, “We had a discussion, and I felt that those who already have a home should be given a chance too.” Dato’ Abdul Mutalib cited an example of two types of people from the target group. Person A wanted to own a home, so he buys a home in Klang, although it was not located at his choice location or fitted his lifestyle (before the launch of PR1MA). On the other hand, person B preferred to rent a home and use the excess money to pamper himself. Later, person B decides to buy a PR1MA home, one that fits his preferred location and lifestyle. Person A, in the meantime, does not have the opportunity to do the same, as the initiative was not launched when he bought his home. “We need to be fair to those who did not have this opportunity before the launch of PR1MA,” he said, noting that the current

Shortly after, he was appointed as PR1MA’s CEO. During this time, the initiative, also known as unit PR1MA, was under the purview of the Economic Planning Unit (EPU). Dato’ Abdul Mutalib then met with the Director General of EPU to present his ideas, soon after EPU presented theirs. Interestingly, there were many differing views from both presentations, especially on PR1MA’s role and authority. He said, “I told them that PR1MA would not be sustainable if it was given to a developer. We should be the developer.” Another point he brought up was on PR1MA’s regulatory power. He added, “If PR1MA was not given full authority, the initiative would not be sustainable. I felt we should have the regulatory power, and also be the developer or the catalyst to facilitate other developers.” He gave an example that regular occurred in public housing schemes. He said, “The environment is not maintained; the same goes for the facilities. Some owners rent out a single room to eight students, and even when you have guidelines, there is no power to enforce it.” That was why Dato’ Abdul Mutalib felt PR1MA must have the necessary regulatory power. This also explains why one of its conditions to the applicants stated that, ‘once allocated, there is a 10-year moratorium, whereby the properties cannot be sold or transferred to another party. Another condition included is the homes must be owner-occupied and no sub-letting would be allowed.’ To be continued on page 38.

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COVER STORY |

B Safe & Secure Environment

Resort-living Lifestyle

Canary Garden

French Inspired Garden

Natural Riverside Community

Gated & Guarded Community

Commercial City & Business Hub

Enchanted Riverside Living at Canary Garden Prestigious and Elegant Riverside Lifestyle The words canary and garden invoke thoughts of tranquillity and conjure images of natural beauty, precisely why this brand new development at Bandar Bestari Klang is so aptly named. Meticulously designed to offer its residents a fantastic combination of serene surroundings and modern conveniences, thereâ&#x20AC;&#x2122;s no doubt that Canary Garden is set to be the next coveted address in Klang.

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An Exclusive Riverside Lifestyle At the heart of the new growth corridor of Klang lies the picturesque niche development of Canary Garden. Spanning 448 acres of prime freehold real estate, here is prestige and elegance.

Canary Garden @ Bandar Bestari redefines elegant living with sumptuous surrounding conveniences.With a mixed composition of residential, commercial and retail, the integrated township blends all these components into a unique resort lifestyle. Canary Garden Residences Canary Garden Residences exclusively comprises of 2-storey Semi-Detached link homes, 2 and 3-storey Semi-detached Homes, bungalows and boutique strata developments such as high-rise condominiums, serviced residences and apartments. Home designs here are imbued with modern architectural styles with functional layouts and come in a variety of delectable designs to choose from. In Phase 1 alone, a total of 384 units were launched in May 2012 where built-up sizes ranging from 2,800 sq ft to an impressive 5,013 sq ft. Equally impressive are the lot sizes of these spacious homes ie 32’ x 70’ or 32’ x 80’ for the Semi-D linked Homes, 40’ x 80’ for the Semi-D Homes, and 60’ x 100’ for the Bungalows. A generic feature of the garden residences are the high ceiling of 3.9 meters on both floors of the homes adding to the roomy, cooling comfort and the expanse of living spaces in bedrooms, living area and the kitchen which are given priority in the designs and further with wide windows that allow natural light within, giving the home occupants a breathtakingly view of the picturesque surroundings. The French-inspired Garden In a chic and glamorous feature, the remarkable 52-acre French Garden by the riverside brings homeowners the unparalleled joys and beauty of nature in immaculately landscaped surroundings. This feature not only enables residents to conveniently enjoy the benefits of city life but also the soothing and serene environment that comes with riverside living.

Gated & Guarded Community Residents can also rest easily, knowing that they and their families are protected by an excellent 24-hour security system that includes a central guardhouse, patrolling guards, CCTVs and panic button mechanisms that leave no opportunity for any unwarranted intrusions. To complete the sensuous life in Canary Garden, the township’s clubhouse offers options of relaxation and revitalisation. It is no small wonder all the units in Phase 1 were quickly snapped up since the launch in May 2012. Prices ranged from RM988,800 with a Gross Development Value for the entire development estimated at RM4 billion. Canary Garden Commercial City Opposite the Canary Garden Residence, lining the banks of the Blackwater River that traverses the heart of the township leading to the Straits of Malacca 2.5 km away is the

1 Riverside living A community lifestyle of elegance and prestige 2 Aerial view of the integrated township 3 Riverside living community

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COVER STORY |

Canary Garden

of a generous cluster of 3-storey boutique shopoffices which would complement the commercial hub that undoubtedly serves the greater Klang catchment and promises to fill an enviable role for the business district this side of town. Within its perimeter folds, the business center will also envelope proposed corporate towers and corporate office blocks.

Overall Development Plan 1 Future Residence Developement 2 Canary Residence 3 Show Village 4 Private Clubhouse

5 Boulevard 6 Future Apartment 7 Future mall 8 Future Commercial Hub

development’s nucleus - Canary Garden Commercial City, which covers over 90-acres which will soon see the setting of the biggest mall in the municipality, KSL City 2 with a proposed retail space of a whopping 1.5m sq ft. The site will also be dotted with at least 7 blocks of commercial retail towers designed to incorporate branded retailer offices and outlets together with a mix of serviced apartments and residences. Also in the plan are hotels that may offer F&B, laundry and concierge services for these highrise residences, a medical center and even a university or college that if upon inception, would be the first within Klang area. The township is accentuated further with a horse shoe shaped business center consisting

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Excellent Accessibility, Conveniences Well Linked Bandar Bestari’s enviable location places it close to some of the best urban amenities of Klang Valley. Connected via KESAS Highway, Bandar Bestari is easily accessible from places such as Klang Town Center, Kota Kemuning, Shah Alam, and Subang Jaya. The biggest AEON shopping mall is just 6km away. Furthermore, trips from abroad won’t be a problem with the Kuala Lumpur International Airport (KLIA) just mere 45 minutes’ drive away. The South Klang Valley (SKVE) is also nearby and getting to and from Banting and Taiping will soon be a breeze, thanks to the future coastal highway that will link these locations.

7 Phase 2 - Now Open for Registration As most of the Phase 1 units were mainly sold to registrants at launch previews, Canary Garden is now inviting interested homeowners to register for their dream house in Phase 2 and to take advantage of the opportunity for priority selection of units at preview prices with additional perks such as free legal fees, DIBS, and so on offered to registrants.

8 of the Group’s successful housing projects in Johor Bahru include Taman Nusa Bestari 1 & 2, Taman Bestari Indah and Taman Kempas Indah. The Group is also well known for their flagship shopping mall - KSL City Mall, the biggest mall in Johor Bahru and the five-star KSL Resort Hotel.

This exclusive riverside residential enclave is fast becoming the ideal choice of residence and a promising investment to boot as the township slowly begins to take shape, true to its meticulous planning. From A Renowned Premier Developer Canary Garden @ Bandar Bestari is developed by KSL Holdings (M) Berhad which is a long standing reputable developer from Johor established since 1979 with an impressive track record of well acclaimed quality development projects in the Iskandar Special Economic Region. The Group has established a strong brand name in the property market attributed by its quality assurance over the years. Some

LOCATION MAP

9 4 The prestigious 3-storey semi-d with home lift 5 The unique 52 acre French-inspired Garden 6 A breathtaking view from the balcony of the “Argentine” 3-storey semi-d

7 One of the semi-d home design Type SD1 8 Show village 9 The impressive sales gallery

iProject Listing QuickPro No: NC2379 Project Name: Canary Garden City: Bandar Bestari, Klang, Selangor Property Type: Semi-detached House Land Title: Residential Tenure: Freehold Land Area: 32’ x 80’ and 40’ x 80’ Build Up: 2,847 - 4,739 sq ft Listing Price: From RM928,800 - RM1,722,800 Expected Date of Completion: End of 2014 Developer: Khoo Soon Lee Realty Sdn Bhd (66384-P) No 2 , Jalan Langat KS9, Bandar Bestari 42000, Klang 42000 Selangor. Phone: (603) 3122 2999 / (603) 3122 8268 / (603) 3122 8368 Fax: (603) 3122 9268 Website: www.bandarbestari.com

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FEATURED PROPERTY |

Oriental Lily @ Yarra Hills

1 EXPERIENCE A RICH HERITAGE Spanning 13.7 acres of land, Oriental Lily is another beaming landmark of progress and development in the popular holiday resort town of Cameron Highlands. Oriental Lily @ Yarra Hills is a cluster of mixed commercial and residential development that comprises 3-storey commercial shoplots as well as semidetached homes and bungalow land nestled within the scenic and picturesque hill station vicinity of Cameron Highlands in Pahang.

Oriental Lily also features 46 units of semidetached homes and 10 bungalow lots with a gross development value of RM62 million. The 21/2-storey semi-detached units measure approximately 2,400 sq ft to 3,000 sq ft in size with a dimension of 35ft x 80ft – a rare find in today’s bustling real estate industry.

The cluster of 25 shop lots offer units that measure approximately 20ft x 70ft with a built-up size of 4,200 sq ft. It is strategically located along the main trunk road between the towns of Brinchang and Tringkap, the second highest point in Cameron Highlands and a popular tourist haven.

The homes feature modern French architecture with clean lines and practical functionality – top priorities in today’s modern properties of today. The semidetached homes are based on a splitlevel design to match the naturally hilly environment, thus allowing residents to wake up to a much-coveted panoramic view.

Launched in September 2012, the shops are the only commercial units fronting the main trunk roads with its own access road servicing the commercial development. The shop lots are scheduled to be completed by October 2014. With a price tag of RM1.48 million, 60% of units have sold out.

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1 Oriental Lily @ Yarra hills - Semi detached homes 2 Alpinia - Type A 2 1/2 storey semi detached (front view) 3 Alpinia - Type A 2 1/2 storey semi detached (b ack view)

The homes are ideal for growing families, retirees out to enjoy a leisurely lifestyle at the cooling hill station and as a vacation getaway in one of Malaysiaâ&#x20AC;&#x2122;s leading tourist havens, amidst cool temperatures that range between 12 degrees Celcius and 21 degrees Celcius. Set amongst the unspoilt flora and fauna that mark the history of civilisation, Oriental Lily has pride of place in Cameron Highlands as the first gated and guarded landed property development. The leasehold development, priced between RM1.088 million and RM1.673 million, offers easy accessibility to various amenities and conveniences.

A short 5-minute drive will render one in the vicinity of convenience stores, cafes, restaurants, open markets, vegetable farms and other retail outlets. For other needs, the bustling business district of Ipoh is approximately 83km from Oriental Lily. It is located a stoneâ&#x20AC;&#x2122;s throw away from popular hotspots in Cameron Highlands that include the sprawling and breath-taking tea estates, strawberry farms, the butterfly and bee farms, the Rose Valley, vegetable farms and handicraft by the indigenous community in Malaysia. Oriental Lily offers discerning buyers the opportunity to experience the wonders of

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FEATURED PROPERTY |

Oriental Lily @ Yarra Hills

4 Malaysian highlands infused with rich local tradition and colonial history. Only 40% of the 13.7-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. About the Developer Oriental Lily has a targeted launch date of March 2013 and holds attractive potential for buyers and investors alike. The development is a masterpiece by Langit Saujana Sdn Bhd, a property development company incorporated in 2005 and a member of the SPPJ Group. Other developments by Langit Saujana Sdn Bhd include the Garden Residences, which consists of 26 units of semi-detached homes and 58 units of 2-storey terrace units in the vicinity of Cameron Highlands.

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The developer is offering potential customers attractive perks that include free 24-month security service fees, 5% Bumiputra discounts as well as free S&P legal fees for the first 10 buyers. For more information, contact (605) 546 5333, (605) 498 1533 or, (6012) 588 7345, or visit www.langitsaujana.com.my. Oriental Lily is located at GPS coordinates: N 4º30’28.07122” E 101º25’34.76738”.

4 3 Storey Commercial Shop 5 Heliconia - Type B - 2 1/2 Storey Semi Detached 6 Frangipani - Type C - 2 Storey Semi Detached

6 LOCATION MAP

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 M.S. (Standard) 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 Coordinates: N 4º30’28.07122” E 101º25’34.76738

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FEATURED PROPERTY |

The Villa @ ForestHill Damansara

1 A Memorable Experience With Nature ForestHill Damansara represents the perfect blend of contemporary living, exclusivity and a luxurious tranquility that comes with being in harmony with nature. Consisting of zero-lot bungalows, bungalows and semi-detached homes, ForestHill Damansara spreads across 28 acres of prime land in the vicinity of the Damansara township. The prestigious development, which has a gross development value of RM250 million, is located close to established townships and neighbourhoods such as Damansara Perdana, Mutiara Damansara, Bandar Utama, Desa Parkcity and Bandar Sri Damansara. ForestHill Damansara features unique and sophisticated characteristics that ooze modern charm, yet provide practical and luxurious conveniences. Every last bit of space in each home has been thoroughly and strategically planned so that not a single inch of space is wasted in every single one of its units. The in-built private lifts,

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reflective pools as well as double-volume ceilings that come with select units make living that much more comfortable, and homeowners are sure to enjoy the spacious driveway, which is large enough for three cars, and the garden balcony that offers a picturesque view of the city. The homes also reflect modern day innovation with a touch of class, distinction and practicality. Designed with sophistication and luxury in mind, the layouts applied to ForestHill Damansara homes make them immeasurably convenient for tasteful interior decoration lines. That is not to say that the existing decor is anything less than exquisite â&#x20AC;&#x201C; with grand bathtubs gracing the bathrooms and walk-in wardrobes tucked into each master bedroom, the homes are gorgeous even before homeowners add their

3 own personal touches to the infrastructure. Additionally, the homes have beautiful splashes of natural flora and fauna to keep dwellers in sync with nature. This is further emphasised by the breathtaking ambiance, provided by nature itself and meticulously managed by an award-winning landscape designer, which ForestHill Damansara residents can enjoy at every moment. The 6-acre lake and lush forest that make up the majority of ForestHillâ&#x20AC;&#x2122;s greenery is a sight to behold and enjoy as one of the welcome constants in life, and there are few sights quite like watching the sun rise over the treetops that make waking up to a new day and living in

the moment experiences to savour at every possible opportunity. Aside from being a view to be appreciated at every opportunity, ForestHill Damansaraâ&#x20AC;&#x2122;s verdant natural environment is also an extended invitation to indulge in a healthier lifestyle as a means to soak in the surroundings in its entirety. Artfully decorated with flowering trees and stonepaved areas, the townshipâ&#x20AC;&#x2122;s lakeside

1 Grand entrance 2 Type A zero lot bungalow 3 Type B zero lot bungalow

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FEATURED PROPERTY |

The Villa @ ForestHill Damansara

4 of security guards, ensuring that this cozy haven remains a safe one at all times.

5 promenade makes for a wonderful venue for outdoor activities and even has a jogging path winding through it. Furthermore, the township has a wellequipped community clubhouse, where residents can work out or relax, as well as facilities such as a gymnasium, swimming pool and children’s playground. Relaxation is an easy feeling to acquire in ForestHill Damansara, especially as its luxurious and comfortable surroundings are compounded by the sense of safety and security that residents can enjoy. The township has walled perimeters and CCTV surveillance which are monitored from a central guardhouse by a dedicated team

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Featuring generous land sizes of 43’x80’ for a standard intermediate lot and with built-up sizes ranging from 4,740 sq ft to 5,485 sq ft, ForestHill Damansara offers discerning buyers and investors the best that the Malaysian property market has to offer. The homes are priced starting from RM3.04 million and there are a total of 75 units up for grabs. Located close to the Lebuhraya DamansaraPuchong (LDP), ForestHill Damansara is just a stone’s throw away from popular hotspots such as the Tropicana Golf & Country Club, The Curve Shopping Centre, the British International School, IKEA, 1Utama Shopping Centre, Tesco and Giant Mutiara Damansara. The Damansara Specialist Hospital and Tropicana Medical Centre are located within a few minutes’ drive from the development. ForestHill Damansara is connected to

4 5 6 7

Type D zero lot bungalow Reflective pool Type C zero lot bungalow

Double volume living and dining area

major road networks such as the LDP, the New Klang Valley Expressway (NKVE), Persiaran Surian, Penchala Link, the SPRINT Highway and the NorthSouth Highway. The development is also located nearby the upcoming MRT line, which will provide an easy commute to key areas in the Klang Valley. The project is estimated to be completed by 2015.

7 LOCATION MAP

About the Developer ForestHill Damansara is a prestigious development by Foresthill Damansara Sdn Bhd (formerly known as Gleamont Sdn Bhd), a company that has a solid experience in property development. The developer is offering an attractive package to interested buyers for a limited period, consisting of the Developer Interest Bearing Scheme (DIBS), free SPA legal fees, a 5% early bird rebate or a 7% Bumiputera rebate for eligible buyers. To experience ForestHill Damansara, contact (603) 7727 3368 / (6017) 248 6262 or visit www.foresthilldamansara.com.

iProject Listing QuickPro No: NC2727 Project Name: The Villa @ ForestHill Damansara City: ForestHill Damansara, Petaling Jaya, Selangor Property Type: Bungalow House Land Title: Residential Tenure: Leasehold Land Area: 28 acres Build Up: 4,740 - 5,485 sq ft Listing Price: From RM2,990,000 - RM4,500,000 Developer: ForestHill Damansara Land Sdn Bhd (639037-D) Lot E102, Metropolitan Square Jalan PJU 8/1 Damansara Perdana Petaling Jaya 47820 Selangor. Phone: (603) 7727 3368

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FEATURED PROPERTY |

Luc Premium Bungalow

3 A Masterpiece of Distinction

Valencia @ Sungai Buloh offers premium bungalow units surrounded by a picturesque and scenic abode within city limits. 30 |

Valencia is an exclusive enclave of homes set against the backdrop of a golf course, lush greenery and rolling hills. The development comprises premium 2-storey and 21/2-storey bungalows on 5.5 acres of land. The low-density development, which has a gross development value of RM73 million, also consists of premium bungalows, standard bungalows, link bungalows, semidetached homes and terrace units. To narrow down the focus on Valencia’s premium bungalow units, there are 13 exclusive units that offer three layout designs, namely, Type A, Type B and Type C, which comprise a unique flat level, step-up and step-down concept, measuring from 5,038 sq ft to 5,280 sq ft in size and lot sizes that span a sprawling 8,900 sq ft to 14,500 sq ft. The homes have beautiful interior layouts that allow the free flow of natural light, excellent ventilation and quality finishing. These premium bungalows also feature a unique concept of garden living with integrated green spaces within the homes that include indoor spaces with courtyards, reflective ponds and elegant lawns. The residents-only clubhouse offers attractive features such as a spa pool and sauna, an Olympic-size swimming pool, a gymnasium, function and games rooms, three tennis courts and a golfer’s terrace cafe. With wholesome community living a priority in Valencia, the development also has a

5 village square that offers various amenities including a convenience store, a beauty spa, a flower and gift shop, a laundrette, a cafe, as well as a Montessori children’s centre. Manned by trained security personnel on a 24-hour basis, Valencia offers discerning buyers peace-of-mind with its stringent security features that include CCTV surveillance of the perimeter fencing, access card control at the main guardhouse, and regular patrols by the security personnel. Within Valencia’s grounds, the bungalows are situated close to the main entrance and guardhouse, and are a short walking distance away from the clubhouse’s facilities. The development is also

1 2 3 4 5

A grandeur look of the Type B Bungalow - 5,038 sq ft build-up The living hall has a warm and cozy atmosphere A simple yet elegant kitchen and dining area An exclusive look at the Type B Showhouse The charmingly and comfortably designed master bedroom

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FEATURED PROPERTY |

Luc Premium Bungalow

7 surrounded by landscaped gardens, a playground and 6km of jogging paths for a leisurely and resort-like environment within the comforts of home. Valenciaâ&#x20AC;&#x2122;s bungalow units offer one a sense of beauty and leisure, surrounded by scenic golfing greens, a lake and matured development that promotes a wholesome community living experience. With only six units left, the bungalows have attracted good response from the affluent segment of Malaysian society. The development is strategically located close to various amenities and conveniences, as well as offers easy accessibility to nearby townships that include Bandar Sri

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Damansara, Bandar Utama, Sungai Buloh town and Kota Damansara, amongst others. Hospital Sungai Buloh, ELC International School and the College of Allied Health Sciences are located just a stoneâ&#x20AC;&#x2122;s throw away from the development. Valencia is also a 10-minute drive away from popular hotspots that include 1Utama Shopping Centre, The Curve @ Mutiara Damansara, Ikano Power Centre, Tesco and Giant hypermarkets at Mutiara Damansara, as well as Sunway Giza Shopping Centre.

6 A stunning view of the entrance of the Type C showhouse 7 The living area is uniquely luxurious 8 The design for the kitchen and dining hall is practical and crisp

The road networks that support the development include the North-South Highway, the Kuala Lumpur-Kuala Selangor Highway, the Guthrie Corridor Highway and the Sprint Highway. About the Developer Valencia is the only residential enclave that offers a private residence-only golf course and clubhouse, and is another boutique development by Valencia Development Sdn Bhd, a wholly-owned subsidiary of Gamuda Land.

Formed in 1995, Gamuda Land is one of Malaysiaâ&#x20AC;&#x2122;s premier infrastructure property developers with expertise in engineering works. The company adopts the stringent CONQUAS (Construction Quality Assessment System) developed by Singaporeâ&#x20AC;&#x2122;s Building and Construction Authority. The developer is offering discerning buyers attractive perks that include a 7% Bumiputera discount and free legal fees. For a personal experience of the magic of Valencia and to speak to the people behind this masterpiece, contact (603) 6156 9880 or (603) 6156 0021, or visit www.valencia.com.my for more information.

10 LOCATION MAP

9 Specially selected pieces give the master bedroom a sense of warmth 10 A second living room where private moments in the family can be made and shared

iProject Listing QuickPro No: NC2752 Project Name: Luc Premium Bungalow City: Valencia, Sungai Buloh, Selangor Property Type: Bungalow House Land Title: Residential Tenure: Freehold Land Area: 8,900 - 14,500 sq ft Build Up: 5,038 - 5,280 sq ft Listing Price: From RM4,900,000 - RM6,200,000 Price per sq ft: RM950 - RM1,200 Expected Date of Completion:Completed With CF Developer: Valencia Development Sdn Bhd (474040-U) Mezzanine Floor, Valencia Club Elitis Gapura Senja, Sungai Buloh 47000 Selangor. Tel: (603) 6156 0021 / (603) 6156 9880 Fax: (603) 6156 9871

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FEATURED PROPERTY |

Verde @ Ara Damansara

1 THE FINAL TOWER IS LAUNCHING SOON Verde @ Ara Damansara offers a hotel-inspired living experience that speaks to nature lovers and those who truly appreciate privacy.

Ara Damansara is becoming a coveted address for those who would like to live or invest in exclusive townships in Petaling Jaya. Generous with space especially in regards to its roads, Ara Damansara is one of the last parcels of freehold land in Petaling Jaya. It is located near the Sultan Abdul Aziz Shah Airport road and is in close proximity to the established residential and commercial areas of Tropicana, Damansara, Subang Jaya, Bandar Utama and Kelana Jaya. The township promotes easy accessibility via the New Klang Valley Expressway (NKVE), Lebuhraya Damansara-Puchong (LDP), New Pantai Expressway (NPE) and Federal Highway, while its rapidly expanding and

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improving infrastructure will further enhance its value and appeal. The township is still growing and will encompass approximately 4,000 units of various types of property in the next four years. Verde @ Ara Damansara is a service condo which is built on 4.808 acres of freehold land with hotel living concept and is conceptualised as service hotel suites, where the residents can benefit from the amenities and level of luxury expected of a contemporary hotel. This is evident the moment one arrives on the premises, thanks in no small part

to the lavishly styled entrance and dropoff point. With a design and layout that seamlessly yet clearly separates Verde @ Ara Damansara from the rest of the world, residents will be able to leave their concerns outside as they return home to an oasis of luxurious tranquility.

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Verdeâ&#x20AC;&#x2122;s grand entrance Drop off area Grand concierge counter Natural environment with biological pond Rooftop event hall and jacuzzi

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FEATURED PROPERTY |

Verde @ Ara Damansara

A LOVELY SHADE OF GREEN Serenely tucked within Ara Damansaraâ&#x20AC;&#x2122;s quiet neighbourhood, Verde @ Ara Damansara will speak to nature lovers and those who truly appreciate privacy. The developmentâ&#x20AC;&#x2122;s location is arguably subdued, yet well linked to many daily conveniences and indulgences. Green initiatives within the units include the proposed installation of a rainwater

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harvesting system, Smart Home System that encourages a paperless environment, and the usage of low volatile organic compound (VOC) emitting materials such as paint, adhesive and sealants. Verde @ Ara Damansara will also include biological ponds that feature a range of proposed recreational amenities such as an active aqua life, herb garden and sky garden that are exclusively for its residents.

HOTEL-INSPIRED LIVING EXPERIENCE At Verde @ Ara Damansara, emphasis is placed on producing a resort-like ambience, by incorporating environmental-friendly features such as lush tropical landscapes, gardens, water features, biological ponds, pools, cascades and artworks. Built-up sizes for the units range between 1,383 sq ft and 2,110 sq ft. Inward facing units will overlook the leisure facilities deck, while outward facing units will enjoy the vistas surrounding the plot (river, waterways and green network). The palette of colours and materials chosen is aimed at creating a warm and lavish atmosphere that is parallel to a topnotch hotel. No room lives up to this more than the master bedroom. The decorations used are both classy and tasteful, and the floor-to-ceiling windows allow natural light to emphasise its reserved sense of style. The attached bathroom is another example of Verde @ Ara Damansara’s promise of luxury living with its sense of spaciousness that is magnified by its see-through glass walls.

will be three levels of basement car parks (with an estimated 1,050 car park lots for the residents), in addition to attractive amenities such as a nursery, observation deck, glass walled gym overlooking a crystalline infinity pool, reflective pond, half basketball court, yoga space, whirlpool, sky garden and function hall, among others. All these features and amenities are within a gated and guarded development, with a 3-tier security system to ensure a better peace of mind for the residents. The soft launch for Verde @ Ara Damansara was held on 10 and 11 November 2012. To date, all three towers (Tower A, C & D) are fully sold. The final tower is now open for registration. Do not miss this opportunity! Kindly visit Verde @ Ara Damansara’s Sales Gallery (located at Plaza TTDI, Taman Tun Dr. Ismail), or call (03) 7728 6666 , or visit www.verdearadamansara.com for more details.

Each unit will also be provided with a kitchen cabinet, kitchen appliances, air-conditioner, hot water storage tank and a Smart Home System* (Terms and conditions apply). The 13-storey serviced condominium houses a total of 409 units in four blocks. There

LOCATION MAP

6 Living and dining 7 Lifestyle master bedroom

iProject Listing QuickPro No: NC2640 Project Name: Verde @ Ara Damansara City: Petaling Jaya, Selangor Property Type: Serviced Condominium Tenure: Freehold Land Title: Commercial Land Area: 4.8 acres Build Up: 1,383 – 2,110 sq ft Developer: Lembah Penchala Sdn Bhd (634249-X) B-2-6, TTDI Plaza, Jalan Wan Kadir 3 Taman Tun Dr Ismail, 60000 Kuala Lumpur. Verde Sales Gallery B-1-6, TTDI Plaza, Jalan Wan Kadir 3 Taman Tun Dr Ismail, 60000 Kuala Lumpur. Phone: (603) 7728 6666 / (6012) 651 2355 / (6012) 538 8133 / (6012) 235 5025 Fax: (603) 7728 6606 Website: www.verde-aradamansara.com

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VIEWPOINT Continued from page 17.

From July to December 2011, a mandate was taken by the newly formed PR1MA team (at the time, Dato’ Abdul Mutalib only had one staff, one who was seconded from EPU) to work on the PR1MA Act, which was passed at the end of December in both Dewan Rakyat and Dewan Negara. The year 2012 was perhaps the most crucial as the team spent time identifying the right towns or good locations, and the land banks, both belonging to the federal government and state government, that they can optimise. Dato’ Abdul Mutalib said, “We had to explain to the chief ministers, their excos, the EPU department of each state and other relevant authorities. At the same time, we managed to get useful feedback from them.” For example, he pointed out that Kota Kinabalu was identified as one of the best locations in Sabah. “However, Sandakan, Tawau and Lahad Datu were also recommended as these towns were developing rapidly and affordable homes were needed,” he said. In Sarawak, apart from Kuching, other suggested locations included Miri and Bintulu. It was stated in Budget 2013 that 80,000 affordable homes would be built this year, of which PR1MA would develop 50,000 homes on its own, while facilitating the private sector to develop the remaining 30,000 homes. For example, the Nusantara Prima project, which has commenced, is a collaborative effort between developer Denia Development Sdn Bhd and landowner UEM Land Bhd, while PR1MA will administer the open balloting process (more on this later). Putting ideas into action In the meantime, it was time for more meetings for Dato’ Abdul Mutalib and his team. They met up with the top 15 developers in the country, and gave talks that were attended by the respective CEOs or their deputies. Dato’ Abdul Mutalib also met up with the Real Estate And Housing Developers’ Association of Malaysia (Rehda) to explain the purpose of the initiative. On its own, PR1MA’s team also organised many talks to create awareness among the professional groups, such as the various organisations for

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engineers, surveyors, contractors, etc. The most important element of the initiative was to gain the confidence of the people. This would be achieved via the balloting process, which would be fully audited by a third party accountancy firm. Dato’ Abdul Mutalib said, “In a typical scenario, when there are developments that are being sold below the market price, people will camp outside the sales gallery for hours or even days before the launch. But here, everyone gets a chance through the balloting process and there is no Bumiputera discount or quota.” He noted that those who did not get selected the first time around would still have their name registered in the system. “We would regularly update them with news of new launches,” he said. He also pointed out that these homes are not considered low-cost to lower middlecost type of homes. These are indeed lifestyle homes. For example, he noted how the Taipan area (in USJ) was originally targeted at middleincome earners. Now it is flourishing with lifestyle retail shops and the likes of Baskin Robbins and Starbucks outlets. Dato’ Abdul Mutalib said, “The point is, people in the middle income bracket also have certain expectations in terms of lifestyle.” Apart from Kedai Rakyat 1Malaysia, some of these housing areas will also have childcare centres. “This will help alleviate their worries, reduce the cost of living (no need for a maid) and increase the level of their disposable income,” he said. The houses, he pointed out, are not necessarily the usual 2- or 3-bedroom units, but will also comprise 1-bedroom and studio units. “If you have just started working at your first job, earning about RM3,000 and you are not married, you obviously do not need a 3-bedroom home. A studio unit will do,” he said.

1 Front view of PR1MA’s development in Penang 2 Dato’ Abdul Mutalib Alias, CEO of PR1MA Bhd

Perak Homecoming:

Coming Home To The Land of Grace

SPECIAL FOCUS |

Perak Homecoming

Perak in Perspective Made wealthy by its rich tin ore deposits, Perak’s prosperity took a hit when tin prices fell dramatically. However, the Land of Grace has slowly but steadily regained its shine, which is clearly reflected in its property market. By Ong Xin Ying

The second largest state in Peninsular Malaysia, Perak has a long and colourful history that dates back to the Hindu-Malay Kingdom of Gangga Negara in northwest Perak.

tin industry collapsed, leading to the severe crippling of the state’s main source of income, and subsequently its economy. This forced the government to diversify its economic base, particularly in the form of commodity-based manufacturing.

Established on the banks of Sungai Perak, the dynasty flourished thanks to its abundant tin ore deposits which, unfortunately, also constantly made it the target of outside threats. Two such important parties were the Dutch and British empires, whose colonisation of the state sped up its modernisation.

The following years saw a large influx of small and medium enterprises dealing in electronics at several of Perak’s industrial estates, as well as the growth of agriculture and tourism as two of the state’s main industries, which lead to its economic recovery.

Perak’s tin-driven wealth continued until the 1980s when the global

One other area that has greatly benefited from Perak’s robust

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economic development is its property sector, which has grown in leaps and bounds since the state’s recovery began picking up speed. This is largely thanks to the introduction of boutique property developments in Perak, as well as innovative construction techniques and architectural firsts that have slowly but surely transformeda state that was, at one point, seen as conservative and traditional. The Modern Landscape Rail transportation is a key part of Perak’s development history, having been installed as a means to transport the

effort with Proton, the move is expected to substantially impact the state’s economy within the next five years. Building Speed As one of the country’s rising property market scenes, Perak’s real estate industry has seen the launch of many new projects over the years. Residential developments, in particular, are in great demand with condominium projects in the city growing increasingly popular among developers and homeowners alike. Aside from that, more residential areas and public amenities are being built throughout the state, particularly north of Ipoh.

mined tin out of the state during the British occupation. This marked the construction of Malaysia’s first railway station in 1882 in the form of the Taiping Railway Station, which is located in and named after Taiping, Perak’s second largest town. Another landmark station is the Ipoh Railway Station, which strikes a grand silhouette in the capital’s city centre. Built as a replacement of the original structure in 1935, its mostly white appearance has earned it the nickname ‘the Taj Mahal of Ipoh’.

While property prices in Perak have plodded along in the past, and the general expectation is that they are not likely to drop, experts have recently forecasted a potential increase of as much as 30% in the next few years. Real Estate and Housing Developers Association Malaysia

(REHDA) Perak branch chairman Datuk Francis Lee noted that the past two years saw a property price hike of 30% and shared in the prediction of a further 30% increase. “With the current cost of land and increasing cost of housing delivery, it is not possible for housing developers to deliver at the current pricing,” he said. Brownfield areas in Perak, particularly those within Ipoh, have also seen rapid development in the past few years, and this has provided the city with a fast changing skyline. In addition, the Ipoh City Council’s Special Area Plan will potentially provide developers with incentives to redevelop these brownfield areas.

The Ipoh Railway Station is a well-known landmark 2 Condominium projects are set to become a common sight in the city

Perak’s railway service is currently undergoing major upgrading, which will see the introduction of electrified double track trains running between Ipoh and Kuala Lumpur. Under the government’s Perak Amanjaya vision, one of Perak’s efforts to reclaim its former glory is the revival of plans to develop Tanjung Malim into the national automotive industry hub. A joint

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SPECIAL FOCUS |

Abby @ Grand Retreats 2

1 An Artistic Rendition Of Urbanisation In Perak Kinta Properties has carved a niche in developing innovative homes such as the Abby @ Grand Retreats 2 within the 650-acre township of Bandar Baru Sri Klebang. Leveraging on the tremendous potential within Perak, many property developers have come to take advantage of the state’s best yields in real estate. Kinta Properties, the property arm of Bonanza Venture Holdings Sdn Bhd, is no newcomer to this sector with its strong track record of prestigious developments in Perak. In fact, Kinta Properties has evolved to develop innovative lifestyle townships that offer much more to families and the community at large. The company has left no stone unturned in its quest to meet its customers’ needs and aspirations, to build homes that reflect quality and distinction.

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The developer builds homes and townships based on three holistic elements, namely, Live, Learn & Play. Testament to this is its current township development of Bandar Baru Sri Klebang and Meru Valley Resort. The company’s success stories also encompass: • The Club Condominium – 40 units of luxurious low-density condominium units located along Jalan Sultan Azlan Shah (formerly known as Tiger Lane) in Ipoh, completed in 1999. • First Garden – one of Ipoh’s first townships, comprising 2,781 houses and shops, which were completed in 2001. • Taman Perpaduan Jaya – 490 units of

settlement of affordably priced homes surrounded by beautiful landscapes, a recreational centre, a driving range, a commercial business centre and schools.

BBSK is an environmentally-friendly township that boasts of spacious homes. With a gross development value of RM1 billion, BBSK consists of 3,000 residential homes, of which 1,800 units have been completed and delivered to homeowners, marking a significant milestone as BBSK celebrated its 10th anniversary in 2012. True to Kinta Properties’ concept of Live, Learn & Play, BBSK and other developments by the company reflect these elements:

4 houses and shops in Bercham, completed in 2003. • Taman Lang Indah – 30 units of semidetached and bungalow homes located along Jalan Kuala Kangsar, completed in 2004. • Halaman Meru Impian – 246 units of link homes located in Bandar Meru Raya, Ipoh’s future Cybercity, which was completed in 2010. Bandar Baru Sri Klebang Bandar Baru Sri Klebang (BBSK) is one of Kinta Properties’ ongoing projects. The development comprises a 650-acre township located along Jalan Kuala Kangsar, Ipoh. Situated in the epicentre of the state’s robust economic hub, BBSK is a picturesque

Live – showcases the beautiful landscapes and manicured gardens, parks, walkways, as well as lush greenery. The company employs eco-friendly construction techniques, materials and fittings such as solar water heating systems, rainwater harvesting systems, inverter air-conditioning conduits, solar reflective paint and roof sisalation. These technologies provide ample ventilation and promote energy conservation that result in healthy and sustainable living conditions. Learn – speaks of Kinta Properties’ commitment to provide conducive and convenient educational facilities for its townships. Testament to this is the Poi Lam School, which commenced in January 2013 and has the capacity to accommodate 2,000 primary level students. A national school is also set to begin operations soon in the same vicinity. Play – reflects Kinta Properties’ commitment to promote a healthy lifestyle through wholesome recreational activities. The Centro, by Kinta Properties, is a community recreation centre with attractive facilities including a driving range, a 25m swimming pool, children’s wading pool and play area, tennis courts, a gymnasium and a cafeteria.

1 2 3 4

Night view of the Abby Show unit illustration - Living area Show unit illustration - Dining area Show unit illustration - Family hall

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SPECIAL FOCUS |

Abby @ Grand Retreats 2

5 6

Abby @ Grand Retreats 2 Another recent development is the Abby @ Grand Retreats 2 â&#x20AC;&#x201C; an exclusive enclave of guarded homes that boast of eco-friendly semi-detached units within a secure setting. Each units boasts a built-up size of 2,780 sq ft on a 40ft x 80ft land area, comprising of 4+1 bedrooms, four bathrooms and a powder room. Abby homes have been creatively constructed to ooze style and modern charm. The homes feature a sub-living area that adds to its spaciousness, a welldefined al-fresco area that overlooks the garden terrace â&#x20AC;&#x201C; a perfect setting for family gatherings or relaxation. These homes bear the trademark of sustainable living in the form of large windows to promote the steady flow of natural sunlight and ample ventilation; rainwater harvesting systems for water conservation; premium sanitary ware with a dual flush system; as well as roof sisalation, solar reflective paint, solar water heating and inverter air-conditioning conduits for optimum energy conservation and cooling effect.

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Day view of the Abby Aerial view of Bandar Baru Sri Klebang Show unit illustration - Master bedroom Show unit illustration - Bedroom 3

To complete the picture-perfect rendition of the Abby, the guarded precinct is fitted with a 3-tiered security system that consists of secured perimeter fencing, CCTV cameras at strategic locations and regular patrols by trained security personnel.

Kinta Properties rides on Perak’s property trends Some of the major trends that are essential in today’s properties are security features, innovative layout designs, contemporary style, spaciousness and affordability. In response to that, Kinta Properties’ developments all reflect elements that are in sync with these trends. Convenience and accessibility are also another major concerns for homeowners – BBSK is close to various amenities that include shopping malls, schools, entertainment centres, theme parks, F&B outlets and other retail outlets.

LOCATION MAP

An AEON shopping centre and retailers such as Econsave are expected to make a debut in the township soon. BBSK is a 10-minute drive from the North-South Highway and a 15-minute drive from Ipoh city centre. With these offerings, Kinta Properties has successfully carved a niche in modern property development in Perak.

iProject Listing QuickPro No: NC2717 Project Name: Abby @ Grand Retreats 2 City: Bandar Baru Sri Klebang, Ipoh, Perak Property Type: Semi-detached House Land Title: Residential Tenure: Freehold Land Area: 40’ x 80’ Listing Price: From RM580,260 - RM738,800 Expected Date of Completion: October 2014 Developer: Kinta EcoCity Sdn Bhd (58562-M) No 2, Sri Klebang A/12 Bandar Baru Sri Klebang Ipoh 31200 Perak. Phone: (605) 292 1333 Fax: (605) 291 7333

Developer Licence: 8456-28/09-2015/1305 - Validity Period: 28/09/2012 - 27/09/2015 - Advertising Permit: 8456-28/2431/2013(10) - Validity Period: 11/10/2012 - 10/10/2013 Approved Plan No.: OSC(036-A)L/B/1/9/138/12 - Land Encumbrances: Malayan Banking Berhad - Total Units: 96 - Exp. Completion Date: Oct 2014 - Land Tenure: Freehold Price: Min RM 580,260 Max RM 738,800 - Approving Authority: Majlis Bandaraya Ipoh

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SPECIAL FOCUS |

Cornerstone Condominium

Taiping’s Magical Transformation Set amidst the rich heritage of Perak, the Cornerstone is testament to Taiping’s rapid development and modernisation. Situated in the rustic yet rapidly developing township of Taiping, the Cornerstone condominium is located along the well-known Jalan Muzium, surrounded by greenery and a picturesque setting. The highend condominium development promises a contemporary style, modern design lines and sophisticated facilities. With the demand for more urban home concepts, the Cornerstone offers discerning buyers the opportunity to own a piece of modern Taiping. Spread across 2.21 acres of land, the condominium offers a choice of 19 layout designs uniquely renovated by professional interior designers, and fitted with the best appliances and fixtures. The leasehold property comprises units measuring from

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1,127 sq ft to a sprawling 4,245 sq ft, with two to five bedrooms and tow to six bathrooms. The units come fully equipped with airconditioning units, water heaters, curtains, wallpaper, hob and hood set, plaster ceiling and elegant down lights.

hustle and bustle of the common areas. Also available is a function area, a meeting room and a clubhouse. The condominium’s 4-tier security system offers homeowners peace of mind where personal and household security is concerned.

The Cornerstone condominium offers attractive recreational and leisure facilities that include an infinity swimming pool, a wading pool, a sauna, a games room, a gymnasium, a barbeque area and a playground. The sky garden and sky pavilion offer a breath-taking view of Taiping town as well as the surrounding areas, whilst providing a sanctuary for relaxation and a walk amongst nature.

The units are designed to cater to the demands of today’s generation for affordable luxury living standards coupled with quality materials and great workmanship. The homes feature warm colours, a variety of tones for a diverse effect and a pleasing sense of homeliness complete with an alluring style that speaks of urban affluence.

For the health-conscious, there is a tai-chi corner, whilst the library or study room offers relief and a quiet space away from the

The Cornerstone is strategically located close to a myriad of amenities and conveniences, making it an ideal choice for a home within the city with the

2 trappings of country living. Located less than a kilometre away from the condominium is Tesco hypermarket, Taiping Sentral and Columbia Asia Hospital. Schools in the vicinity include prestigious institutions such as SMK King Edward VII, SK King Edward VII 2, SK St George 2 and SK Treacher Methodist. The Taiping Lake Garden is approximately 1.5km away whilst the Taiping Zoo and the famous Maxwell Hill are just 2km away from the Cornerstone. The road networks surrounding the area also offer easy accessibility to nearby towns and major interstate highways.

LOCATION MAP

Priced between RM394,450 and RM1.698 million, the Cornerstone has only 140 units available, making it a hot item in Taiping. Launched on 15 August 2012, the development is scheduled for completion by early 2016. About the Developer The Cornerstone is a sterling development by experienced developer, Cabaran Asas Sdn Bhd, a subsidiary of Yang Bina Sdn Bhd. With 17 years of experience in the construction industry, the Cornerstone is the result of careful planning and innovative ideas all combined to create a masterpiece of excellence.

Cabaran Asas is offering attractive perks to keen buyers that include free SPA documentation and 5% Bumiputera discount for eligible buyers. To experience the Cornerstone, visit the showcase at Jalan Muzium Hulu or contact (605) 805 7878.

Cornerstone Condominium - Overall view 2 Dining and living hall 3 Master bedroom

iProject Listing QuickPro No: NC2715 Project Name: Cornerstone Condominium City: Taiping, Perak Property Type: Condominium Land Title: Residential Tenure: Leasehold Land Area: 2.21 Acres Build Up: 1,127 sq ft - 4,245 sq ft Listing Price: From RM394,450 Expected Date of Completion: Early of 2016 Developer: Cabaran Asas Sdn Bhd (517205-T) No.9, Tingkat 1, Jalan Medan Taiping 5 Medan Taiping, Taiping 34000 Perak. Phone: (605) 805 7878

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iProperty Group Network:

INTERIOR DESIGN |

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St Mary Residences

Ensconced In Elegance A St Mary Residences penthouse unit showcases a family-friendly design that seamlessly marries elegant luxury with warm comfort. By Ong Xin Ying

4 The larger penthouse unit at St Mary Residences, measuring 6,769 sq ft, presents the homeowner with an abode that is both intimate and friendly. Designed by Tham Oi Wah of Interiors International, the penthouse serves as a wonderful setting for a tight-knit family with a penchant for enjoying the finer things that life has to offer. The unit takes full advantage of its exclusive location, providing its residents with a sense of being cocooned and protected from the hectic nature of the city, even as they enjoy the stunning view granted to them by the penthouseâ&#x20AC;&#x2122;s layout. With an overall colour scheme that accentuates depth, richness and texture, it has the atmosphere of being comforting yet urbane.

1 The penthouse has a striking view of the city 2 The expansive view includes the KL Tower 3 The dining roomâ&#x20AC;&#x2122;s chandelier gives it a sense of grandeur 4 The living room is large and airy 5 One of the penthouseâ&#x20AC;&#x2122;s unique artworks

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INTERIOR DESIGN |

St Mary Residences

Upon entry into the penthouse, the design’s finer points unfold like a grand pop-up book, gradually unveiling the space as well as expansive view of the unit. The first sight to greet any visitor is the living and dining area, which have their own unique identity and flavour. Each piece of furniture is strategically placed to facilitate the preferences of adults and youngsters alike. The unit’s four bedrooms, which are located on the lower floor, each represent individual examples of putting considerations of the family’s needs into practice. The master bedroom is decorated with a focus on invoking a sense of richness and luxury, where comfort and seclusion are readily available. The attached bathroom is no less luxurious with its personalised full marble decor, a fantastic view of the evening skyline and a fitted dressing room that leads back to the bedroom.

The other two family-oriented bedrooms are targeted at the younger members of the family, with one styled to befit a teenage princess, while the other will appeal to boys with its retro mid-century style furniture and funky artwork. The fourth bedroom has been furnished with an Oriental daybed and a large desk so that it can be used as a study or den, where the family can spend some quality time, or as a guest bedroom. Similar to the master bedroom’s attached bathroom, the other five bathrooms in the penthouse are also decorated with beautifully finished marble and smart European fittings. All six bathrooms, which are equipped with various combinations of baths, double vanities, large mirrors and ample storage, have the necessary facilities to make the busy life of an urbanite as easy as possible. With its pool and breath-taking view, the top floor of the penthouse is the defining mark of the unit’s advantageous location, and this is reflected in the amount of attention that was paid to its design.

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One of the ensuite bathrooms Each roomâ&#x20AC;&#x2122;s wallpaper and furniture create a unique mood The fourth bedroom can double as a study The pool deck is a superb place to relax The bedrooms are located on the lower floor The oriental daybed is the focal point of this bedroom

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INTERIOR DESIGN |

St Mary Residences

12 The stairs leading up to this floor from the living room doubles as a miniature gallery where some of the unit’s artwork can be enjoyed, and a small bar greets visitors upon reaching the top floor. A door will lead them outside to the pool deck and roof garden where they can relax and let the day’s worries be carried away by the wind. The plants on the roof terrace and balcony add a sense of depth to the spectacular view, creating a sense of drama, as well as highlighting the spots of vegetation scattered across downtown Kuala Lumpur.

However, the penthouse is undoubtedly characterised by the individual personality of each area, particularly with the art and furniture pieces used to decorate them. The wallpaper for each room provides a sense of texture and substance, as well as serves as a backdrop that accentuates the allure of the featured artworks, which range from original works to antique midcentury pieces.

Of particular note are items such as the 6-panel Japanese antique screen that bears a gold leaf on silk motif that glistens and changes colour based on the lighting and time of day. Other key decorations include the midcentury crystal chandelier over the dining table and the Danish palisander shelving in the study, which serve to highlight the beautiful and stylish environment that has been created in the penthouse.

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12 13 14 15 16 17

One of the bedrooms is designed to appeal to boys The study’s Danish palisander shelving gives it an urbane feel The bar area leads to the pool deck The master bedroom is generously proportioned The decorations used in the master bedroom make it a cosy place The master bedroom’s bathroom has an enchanting view of the city skyline 18 The penthouse’s open plan concept gives it a sense of space

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CONTRIBUTOR |

Joey Yap

Feng Shui for Long-Term Property Investment From the Feng Shui perspective, the best properties to invest in are those located on top of hills and mountains. Despite constant fluctuation in the local and global property market, property investing continues to be a catalyst in Malaysia’s target to be a highincome nation. Investing in a property is more than just signing documentations to purchase a property, it goes beyond examining every aspect of it, dissecting every single potential and plague a certain property might have, and all that affect us both in the short- and long-term. So how do we search for the best high appreciation properties? From the Feng Shui perspective, areas on top of hills and mountains are conceded to be highly valued. This is because mountains govern the overall Qi in the environment. They are also responsible for producing the Wealth Qi, something that everyone who wants to enjoy prosperity in their life would want to seize upon.

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Man did not shape the mountains, as a matter of fact, the forces of nature and the magnetic pull of the stars in the universe did. Hence, they are regarded as Yin because they are stationary and immovable. Yin represents stillness and quietness as well. Mountains generate Qi in their surrounding area and are often referred to in ancient Feng Shui as ‘Dragons’. It is the natural appearance of the mountains that connotes the type of Qi released into the immediate proximity and environment around the mountain. Therefore, it is important to determine the type of Qi in the environment first in order to understand what type of and how much Qi the property can receive. Therefore, to tap into the Qi in the area, you must first observe the type and quality of the mountains there. Keep in mind though that it does not really take a trained pair of eyes to

identify the mountains and hills in a certain area. In Malaysia, there are many mountains and hills throughout the country. Even in areas that look flat or are heavily developed, there are still many small hills and land contours around. Just keep your eyes peeled for them. According to the San He classics, Good Mountains are green, lush and gentle in appearance with rounded tops. Such mountains are healthy and growing Dragons (Sheng Long) and emit benevolent Qi. On the other hand, Bad Mountains are steep, sharp and have pointy tops, like that of a witch’s hat. Mountains that have naturally collapsed – known as Broken Mountains – i.e. rocky or have been blasted with dynamite, mined or quarried are also bad news. Even those that have greenery and rock are considered

detrimental as well. Known as a Sick Dragon (Bing Long), they peak the Qi that does not flow well, as mentioned in the classics.

it is not too near to the property. Otherwise, instead of functioning as a protective presence, it becomes suppressive.

Now let us take a look at the favourable positions of the mountains surrounding a property. Mountains at the back of a house are said to be supportive as they herald security and stability in the home, as well as family harmony.

Mountains on the right of the property, also known as the White Tiger Embrace, protect the property from any violent Qi. Similarly, they should be of a moderate distance, and not any higher than the Green Dragon.

Any mountain on the left of a property is known as the Green Door Embrace (Qing Long Sha) â&#x20AC;&#x201C; not to be confused with Sha Qi. The former protects the property from violent Qi. Usually governing male prosperity in the house, you must ensure that

In terms of directional position, any hill or mountain in the northeast and southeast side of the property will do well as the value increases with time. However, the mountain in the northeast yields a faster effect than the one in the south, which takes a longer time to take full

effect, namely, 10 to 20 years. Another important point to take note of is that big buildings are not considered mountains, thus they do not produce any sort of Qi. A high valued property is one that harnesses, sustains and circulates Qi from and throughout the environment to benefit its occupants. Understanding the environment, and getting to know your property is incredibly vital because only then will you recognise the type of Qi that exists in your area. After that, tapping into the Qi will become second nature to you, making it much easier for you to fully utilise its benevolent impact on your life.

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 www.joeyyap.com. 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

HOUSE BUYERS BEWARE Many house buyers often have trouble identifying the vital differences between the Developer Interest Bearing Scheme and the Build-then-Sell model. Of late, there has been a number of housing developers who proudly advertise that the sale of their product comes with the offer of having the â&#x20AC;&#x2DC;interest payment borne by developersâ&#x20AC;&#x2122;, i.e. the Developer Interest Bearing Scheme (DIBS).

delivered. This entices potential house buyers as all they need is to pay the requisite down payment of 10% upon signing the Sale & Purchase Agreement (SPA), and the balance will be financed by their panel banks or financial institutions.

One particular advertisement boldly stated that house buyers make no payment until vacant possession of the said houses is

Some developers even had the audacity to equate the scheme with the 10:90 concept of the Build-Then-Sell (BTS) model.

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Another developer even went as far as advertising the mode of payment as the 5:95 model. The connotations in all these advertisements are that buyers do not make any progressive payments until the houses are completed and ready for vacant possession. All the advertised schemes of payments are nothing more than ordinary housing loan packages.

Although many of these advertisements state that there is ‘no payment until vacant possession’, in reality, the buyers’ loans are already ‘locked-in’ by the respective panel banks or financial institutions, hence the buyers’ housing loans are being used to pay the developers as they construct the houses. It is based exactly on the current Sell-then-Build (STB) concept or progressive payment formula. This formula has gotten many house buyers into trouble when the houses they bought were abandoned by the developers. The only difference in the advertised system is that the interest towards the progressive payments are shouldered, absorbed and borne by the developers. Buyers still have to

secure their end-financing housing loans as soon as they sign the SPA. Buyers are still responsible to the banks and financial institutions for the loans whether the houses are delivered or not. BTS 10:90 Model This is very different from the actual BTS 10:90 model put in place and encouraged by the government, whereby buyers truly do not make any payment, except for the 10% deposit, until vacant possession, because the end-financing loans do not kick in until the houses are completed with all the certifications obtained and the handing over of vacant possession. It is a far safer mode of buying houses and this is precisely why the government is not only encouraging it, but also offering

incentives to developers who opt to adopt this mode of selling their products. Unfortunately, their effort fell short of compelling the industry to adopt the BTS 10:90 model. The Minister of Housing & Local Government, however, has reiterated that the BTS 10:90 model will be made mandatory come the year 2015. Vital Differences The vital differences between the advertised DIBS abbreviation and the government-encouraged BTS 10:90 model is that, in the advertised DIBS or 10:90 or 5:95 model, should the developer abandon the project (for any reason), the buyers are left with a partially disbursed housing loan to settle. The amount varies in accordance with the amount of the disbursement made. The primary borrower is still the buyer, and it is the sole responsibility of the borrower or buyer to continue with the proper conduct of his loan from the financiers. Banks have not been known to be sympathetic to victims of abandoned housing projects. The loans will still have to be settled, house or no house. This is the predicament presently faced by tens of thousands of na ve and innocent buyers when the houses that they have bought were abandoned by the developers. The financier will certainly not write off the loan payable by the borrower or buyer. Thus, the various advertisements for DIBS or 10:90 or 5:95 or 0:100 connotations are merely marketing tools, and are not the same as the BTS 10:90 model that has been put in place under the Housing Development (Control & Licensing) Act and Regulations.

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CONTRIBUTOR |

HBA

These advertisements are open to misunderstanding and confusion. During this period of soft housing market, it is natural that more and more innovative sales strategies will appear. The HBA does not oppose that, however, the association insists that such advertisements should not have any element of misrepresentation or misconception or give rise to any misunderstanding and confusion. Housing Ministry To Be Vigilant The Housing Ministry’s Licensing Department should also scrutinise the contents of such advertisements in their brochures before granting them Sales & Advertisements Permits. Such advertisements could potentially mislead naive and innocent first time potential house buyers. All developers’ marketing material and brochures have to obtain the prior approval and consent from the Licensing Department of the Ministry of Housing and Local Government. Has the ministry erred in their duty for those advertisements that have

escaped their attention or did they not manage to spot the difference as well? The HBA is by no means implying that the projects in such advertisements are likely to be abandoned. This article aims to inform potential buyers on the differences between the advertised DIBS or 10:90 or 5:95 or 0:100 mode of purchase vis-a-vis the government’s BTS 10:90 model. The HBA would like to encourage buyers to empower themselves with more information to make an informed decision. How To Spot The Differences? On the side of caution, the house buyer needs to check if he has bought into a STB 10:90 loan package scheme or a BTS 10:90 model. The differences between the two models have already been explained in this article. An easy way to know what a house buyer has bought into is by referring to the SPA. If the contract is a Schedule H or Schedule G, the scheme is a STB. If the contract is a Schedule I or Schedule J, the scheme is a BTS 10:90 variant.

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

Maximising Your Returns from Property Investments There are several ways for property investors to make the most out of their investments and increase their wealth-building opportunities. The secondary property market has begun to slow down due to factors such as sellers asking for a price that is far beyond the buyer’s expectation. As a result, when the banks’ market value for a property is lower than the asking price, the buyer will have to pay a higher down payment. Many have decided not to take any action until ‘the market bottoms out’. When asked how they think they will be able to identify when the market has bottom out, these people simply do not have an answer. Yes, the economic times are uncertain at present, and one will not simply become rich by merely buying any property. Keep in mind that, as a long-term investor, and that is the only way to look at property as an investor, you can buy a property at any time throughout a property cycle as long as the fundamentals of the deal are sound.

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In fact, now could even be a good time to buy property. Personally, I have always found it a good time to buy when the financing interest is low. Your repayment is relatively low and it is generally easier to get loan approvals. Since Bank Negara Malaysia tightened the borrowing policy in 2011, our repayment capability is now based on our net disposal income. For example, a person who has a gross income of RM6,000, after deducting the Employees’ Provident Fund (EPF), the Social Security Organisation (SOCSO), income tax, car loan and other commitments, will have a net income of RM4,000. That person’s loan limit shall not exceed RM330,000 for a repayment of 30 years at RM1,600 a month. When the interest rate goes up, your loan limit will be even lower. Are you unsure about how to build a high-performing property portfolio quickly while avoiding costly mistakes? Or maybe you are frustrated with the control banks have over you because of your ineffective existing loan structure, and want to learn how to rectify this problem to purchase your next property sooner?

more properties and decrease your wealthmaking opportunities. Not only could you end up with plenty of unnecessary costs, the need to restructure your loans may also prove to be a very costly exercise. You also need to be careful by not getting caught in a position where the interest rates continue to go up and you cannot afford the repayments. It is important to keep abreast of market developments and to be aware of what is happening with the interest rates.

You have probably heard many confusing, and sometimes conflicting, information about property investing and property finance. While many people are slowly increasing their wealth via property investments, very few of them are actually maximising their returns and building wealth as fast as they could be.

Waiting for the market to bottom out before buying any property puts you at risk of missing good buying opportunities, as well as getting caught up in the market’s upswing. For some first time homebuyers, owning simply makes better economic sense than renting.

If you do not want to settle for an underperforming property portfolio or an unsuitable loan structure that is robbing you of thousands of ringgit per year, please take a moment to study your loan documents.

Try to avoid disposing of an investment property too quickly, even though investment liquidity is definitely higher in the stock market. Keep in mind that the acquisition and disposal costs in property are relatively high.

Matching the right property with the right loan can only be done once you have outlined a plan that will show you exactly how you will profit from your real estate deal. All too often, investors make plans up to the moment they sign the contract, at which point they will let their solicitors, accountants and rental managers take over while the investor adopts a passive approach. If you fail to plan, you may find that you have borrowed from the wrong lender from the start, which will hinder your ability to buy

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

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CONTRIBUTOR |

Chan Ai Cheng

Challenges in the property market in 2013 (Part 2) The implications of the Strata Management Bill 2012 for properties with strata titles and the adoption of green technologies by the real estate industry will be among some of the biggest issues to look out for this year.

diminishing natural resources and extreme weather conditions globally, there is a greater need for sustainable housing. More rights for strata titleholders The Strata Management Tribunal shall have the jurisdiction to hear and determine any claims specified in Part 1 of the Fourth Schedule (of the Strata Management Bill 2012), and where the total amount in respect of which an award of the Tribunal is sought does not exceed RM250,000 or such other amount as may be prescribed to substitute the total amount.

The introduction of the Strata Management Bill 2012 and Strata Management Tribunal will enhance the rights of developers, joint management bodies, management corporations and property owners in various ways, enabling them to resolve disputes or claims on various matters. At the same time, with one half of the proprietors entitled to vote present, either in person or in proxy, constituting a quorum, it becomes easier for resolutions to be passed by management committees and in general meetings. With the challenges of the 21st Century intensified by a prolonged European debt crisis, rising demand for the Earth’s rapidly

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Its jurisdiction, however, does not extend to any claim to the title of any land, any estate, interest in estate, or any franchise. Part 1 of the Fourth Schedule states that the jurisdiction of the Strata Management Tribunal extends to the following: • A dispute or complaint concerning an exercise, the performance, or the failure to exercise or perform a function, duty or power conferred or imposed by the act or by-laws, except for those specifically provided for in this part. • Subject to subsection 16N(2) of the Housing Development (Control and Licensing) Act 1966, a dispute on costs or repairs in respect of a defect in a parcel, building or land intended for subdivision into parcels, or subdivided building or land, and its common property or limited common property. Claims may also be made at the Tribunal for: • The recovery of charges, or contribution to the sinking fund, or any amount, which is declared by the provisions of the Act as a debt. • An order to convene a general meeting. • An order to invalidate proceedings of a meeting where any provision of the Act has been contravened. • An order to nullify a resolution where voting rights has been denied or where

due notice has not been given. • An order to nullify a resolution passed at a general meeting. • An order to revoke amendment of by-laws having regard to the interests of all the parcel owners or proprietors. • An order to vary the rate of interest fixed by the joint management body, management corporation or subsidiary management corporation for the late payment of charges, or contribution to the sinking fund. • An order to vary the amount of insurance to be provided. • An order to pursue an insurance claim. • Compelling a developer, joint management body, management corporation or subsidiary management corporation to supply information or documents. • An order to give consent to effect alterations to any common property or limited common property. • An order to affirm, vary or revoke the Commissioner (of Buildings)’s decision. All of the points previously mentioned would have farreaching implications for properties with strata titles. Errant owners who do not pay their maintenance fees could have their movable properties, such as furniture and machinery, seized to compensate for their dues. Inconveniences involving neighbours such as leaking roofs could be resolved at the Tribunal. Security issues, such as the safety of condominium residents being compromised, due to tenants and owners not obeying by-laws, can be enforced legally. These and many more issues can be resolved at the Tribunal. Sustainable Housing The issue of sustainability has become increasingly important

to consumers, companies and regulators. With climate change resulting in increasingly damaging natural disasters, there is a significant impact on water, biodiversity and food security, all of which are inter-related and inter-dependent. As a result, sustainability and climate change has been moved to the top of the real estate industry’s agenda. Many developers are adopting green technologies, with their developments being accredited with certifications such as Malaysia’s Green Building Index (GBI), Singapore’s Green Mark, Australia’s Green Star, the United Kingdom’s BRE Environmental Assessment Method (BREEAM), and the United States’ Leadership in Energy and Environmental Design (LEED). The government is further encouraging the utilisation of green technology-based products and boosting their production by increasing the fund for the Green Technology Financing Scheme by RM2 billion, and extending the application period for another three years until 31 December 2015. This was announced in the recent Budget 2013. These developments are expected to contribute to an improved quality of life in

the vicinity of new residential and commercial projects. A spokesperson from OSK Property Holdings commented that, “We believe nature is part of our life and our projects are built based on this belief. We pay particular attention in choosing suitable materials and products that are most friendly to the environment, especially in terms of energy efficiency and water conservation.” This concludes my take on the real estate industry, where 2013 will be marked with rising property prices, the development of affordable housing for low- and middleincome groups, an enhancement of the legal rights of various stakeholders, and continued progress in sustainability.

This is the final part of this two-part article.

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: 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

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: 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

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Project Name: The Villa @ ForestHill Damansara Location: ForestHill Damansara, Petaling Jaya, Selangor Property Type: Bungalow House Land Title: Residential Tenure: Leasehold Land Area: 28 Acres Build Up: 4,740 - 5,485 sq ft Listing Price: From RM2,990,000 - RM4,500,000 Developer: ForestHill Damansara Land Sdn Bhd (639037-D) Phone: (603) 7727 3368

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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LATEST DEVELOPMENTS | KLANG VALLEY RESIDENTIAL

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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: 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: Cantonment Exchange (CX) Location: Jalan Ipoh, Kuala Lumpur Property Type: Shop-Office Land Title: Commercial Tenure: Freehold Build Up: 1,507 - 14,077 sq ft Listing Price: From RM424,800 - RM8,129,800 Total Units/Lots: 192 Bumi Discount: 5% Expected Completion of Date: 2015 Developer: Aureate Construction Sdn Bhd Phone: (6016) 216 2886 Fax: (603) 4041 1879 Website: www.sbcgroup.com.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: Bandar Universiti Business Center Location: Bandar Universiti Seri Iskandar, Perak Property Type: Shop-Office Land Title: Commercial Tenure: Leasehold Land Area: 22’ x 75’ / 80' Build Up: 3,124 - 4,134 sq ft Listing Price: From RM408,800 Expected Date of Completion: September 2015 Developer: Agro-Mod Industries Sdn Bhd (144430-W) Phone: (605) 371 1162 / (605) 254 3812 Fax: (605) 371 1163 Website: www.huayang.com.my

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: 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: 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: 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

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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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LATEST DEVELOPMENTS | OUTSIDE KLANG VALLEY MIXTURE

Project Name: Lake Side Location: Sri Saujana, Kota Tinggi, Johor Property Type: 2-sty Terrace/Link House Land Title: Residential Tenure: Freehold Land Area: 20'x70' Build Up: 1,563 - 1,708 sq ft Listing Price: From RM244,800 - RM616,000 Expected Date of Completion: 2014 Developer: Glomac Sutera Sdn Bhd (185615-D) Phone: (607) 882 1033 Fax: (607) 882 8150 Website: www.glomac.com.my

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LATEST DEVELOPMENTS | OUTSIDE KLANG VALLEY MIXTURE

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Project Name: Tampoi Entrepreneurs Park Location: Johor Bahru Property Type: Factory Land Title: Industrial Tenure: Freehold Build Up: 9,441 - 15,845 sq ft Developer: MB Land Sdn Bhd Tel: (607) 241 9877 / (607) 241 8977 Fax: (607) 241 8770

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

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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