iProperty.com Issue 97 March by iproperty.com

Winning the hearts of homebuyers and investors

Presenting

THE BEST REAL ESTATE

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

CEO’s

forEwOrd

Housing Affordability Continues to Remain a Major Concern in Asia The third iProperty.com Asia Property Market Sentiment Survey Report for the first half of 2013 has revealed that housing affordability is a concern not just for Malaysians, but also for respondents in Indonesia, Hong Kong and Singapore. The one-month survey, polling a total of 17,303 respondents from Malaysia, Indonesia, Hong Kong and Singapore, revealed that despite the ongoing uncertainty with the Eurozone crisis and unstable US recovery, survey respondents still want to invest in property and continue to regard it as a safe investment choice. The recent cooling measures undertaken by the governments in Malaysia, Indonesia, Hong Kong and Singapore seem to have little or no impact to consumers, with many remaining sceptical that the measure will help control the increase of property prices. In Malaysia, the residential property market should see more transactions for properties in the range of RM350,000 to RM500,000, as that is the budget respondents have indicated. The hot property destinations identified by the respondents were Puchong, Petaling Jaya and Cheras. These are just some of the findings of the survey. You can read more on pages 16, 17 and 18. Aside from that, we also have a special feature on Cyberjaya, the Silicon Valley of Malaysia.

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

We hope you find the information valuable. Happy Reading!

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.

Sincerely

Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto. The views by our contributors expressed here are their personal opinions and do not necessarily reflect iProperty.com’s views.

Shaun Di Gregorio Chief Executive Officer The iProperty Group

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

CONTENTS 06...............................................................CEOâ&#x20AC;&#x2122;s Foreword 12........................................................................................ News 16..............The iProperty.com Asia Property Market Sentiment Survey (H1) 2013 19........................................................................ Book Review 20..............................................................................Viewpoint Gated & guarded community: Boon or bane?

Zefer Hill Residence Duo Double the space, double the joy

The Atmosphere An integrated lifestyle experience

Country Garden A touch of Chinaâ&#x20AC;&#x2122;s splendour in Malaysia

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34.................................................................... Gallery Homes Designed for the modern day family 38.......................................................... New World Garden Villa living at its best

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CONTENTS 41

Bumper Issue: The Cyberjaya Story The start of the future

46..............................Cyberjaya: Today and Tomorrow A township desired by many

50.................................................Calling Cyberjaya Home An ideal place to live 54........................................... Aspen@Garden Residence Living the future now 58........................................................................Mansion Park Where legacies began 62.........................Pan’gaea Commercial & Residential Moulding the future today 66..................................... A World-class Education Hub To meet demand for skilled K-workers

70......................................................An Urban Cornucopia Facilities and amenities for a livable city 72...........................................................Retirement Villages Is it a growing phenomenon? 82................................................................................ Joey Yap Feng Shui for realtors

84................ The National House Buyers Association The simplified housing loan agreement (Part 1) 88............................................................................... Acescube Interest payment vs interest rate 92.................................................................... Chan Ai Cheng The rise of PJ’s Section 13 96............................... Home Services Directory Listing 98................................. Latest Developments Directory 103............. Featured Agencies’ Listings & Directory 104....................................................................... Subscription

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NEWS

KeTTHA Announces IGEM2013 The Ministry of Energy, Green Technology and Water (KeTTHA) will be taking another step forward in advancing green growth by organising the region’s largest green technology exhibition, i.e. the International Greentech & Eco Products Exhibition & Conference Malaysia 2013 (IGEM2013). As announced by Dato’ Sri Peter Chin, Minister of KeTTHA during the soft launch on 15 January 2013, IGEM2013 will be held from 10 – 13 October 2013 at the Kuala Lumpur Convention Centre, Kuala Lumpur. Themed ‘Advancing Green Growth’, IGEM2013 aims to accelerate and push the rapid adoption

of green technology to deliver a double impact of sustainable economic growth, as well as to address environmental and energy security issues. Building on the resounding success of its previous editions, IGEM2013 will continue to create a vibrant platform to facilitate market connections, enhance the exchange of innovative and dynamic ideas amongst green stakeholders and serve as an informative hub for the public. IGEM2013 will address six major sectors, namely, renewable energy and energy efficiency; water and waste management; green transportation and logistics; eco-products and services; green building and interiors, and green ICT.

GCD Inks Billion-Dollar Investment Deal with Link (THM) Holdings Iskandar Malaysia recorded an impressive total cumulative committed investment of RM105.14 billion in December 2012, surpassing the initially set RM100 billion investment target. The figure will receive a further boost with an announcement by Global Capital & Development (GCD), the concession holder of Medini, of an investment deal worth S$1 billion in gross development value with Link (THM) Holdings Pte Ltd, a Singapore property developer, to develop the Media Village @ Medini Iskandar. The 5.9ha of land will be turned into a development of mixed properties expected to be completed in three phases over a period of five years. There will be more than 2,000 SOHO units (Small Office Home Office) and business suites with 1.2 million sq ft of net saleable area, while the commercial properties, consisting of mainly food and beverage outlets, will take up 1.1 million sq ft of net lettable area. Media Village @ Medini Iskandar will also support the creative industries catalysed by the adjacent

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Pinewood Iskandar Malaysia Studios – a US$150 million integrated media production studio facility opening later this year, which is expected to create more than 3,000 jobs.

NEWS

$20 Billion of Asian Property Projects to be Represented at Prestigious Property Awards Show

Wellness Developments Unveiled in Medini Iskandar Malaysia Malaysian Prime Minister Dato’ Sri Mohammad Najib Tun Abdul Razak and Singaporean Prime Minister Lee Hsien Loong recently unveiled the names of two wellness projects in Medini Iskandar Malaysia. Afiniti Medini, an urban wellness project, will be a regional destination for families, tourists and professionals looking to combine wellness, retail and hospitality experiences, as well as corporate training needs in a holistic package. It has five key offerings, namely, a corporate training centre, serviced apartments, strata residences, a wellness centre and a retail component. The development’s ground-breaking ceremony was officiated by the two leaders. Avira, a resort wellness project, will provide residents an alternative to the hectic lifestyle in busy cities today. They will enjoy a retreat-like lifestyle all year round, surrounded by tranquillity and lush greenery, with wellness at the heart of the 210-acre development. Avira comprises bungalows, semi-detached homes, terrace homes, condominiums, serviced apartments and commercial elements including a retail village. Afiniti Medini is developed by Pulau Indah Ventures Sdn Bhd (PIV), a 50:50 joint venture between Khazanah Nasional Bhd and Temasek, while Avira is developed by Nuri Merdu Sdn Bhd, a 50:50 joint venture between PIV and Eastern & Oriental Bhd.

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Asia’s leading property professionals and hoteliers will converge in Kuala Lumpur at the Shangri-la Hotel on 9 – 10 May to celebrate the Asia Pacific region’s finest developments, architecture and interior design from 23 countries. The 2013 Asia Pacific Property & Hospitality Show will host the annual Asia Pacific Property Awards and the Asia Pacific Hotel Awards sponsored by Virgin Atlantic and Samsung. In addition to the two awards ceremonies, the 2013 Asia Pacific Property & Hospitality Show will serve as an exhibition and networking event with seminars and discussion tables. Now entering their 19th year, they are the world’s most prestigious property competition and cover residential, as well as commercial categories. The top scoring Asia Pacific winners will go on to be entered in the International Property awards which determine the ultimate World’s Best winners. Judging was carried out through a meticulous process involving a panel of over 60 experts covering every aspect of the property and hospitality industries.    Stuart Shield, president of the International Property Awards, said, “Asia Pacific consistently proves to be the hardest region to beat when it comes to competing internationally for the highly coveted World’s Best awards.”

iPROPERTY.COM ASIA PROPERTY MARKET SENTIMENT SURVEY (H1) 2013

What Malaysians Think about the property market in 2013 Survey findings by the iProperty Group, Asiaâ&#x20AC;&#x2122;s No.1 network of property portals, have revealed that affordability and rising house prices continue to remain a major concern among Malaysians. The iProperty.com Asia Property Market Sentiment Survey (H1) 2013, conducted on the iProperty Groupâ&#x20AC;&#x2122;s leading websites in Malaysia (iproperty.com.my), Indonesia (Rumah123.com and rumahdanproperti.com), Hong Kong (GoHome.com.hk) and Singapore (iproperty.com.sg), is the first cross-market online property survey of its kind. Key findings in Malaysia: - Affordability and rising house prices continue to remain the biggest concern among respondents (70%). Respondents think that property prices will increase across all dwelling types with landed property becoming less affordable in the first half of 2013. - 65% are not convinced that the 30 abandoned housing projects in Malaysia will be revived, despite reports that the Housing and Local Government Ministry succeeded in reaching its Key Performance Indicator by reviving 32 abandoned housing projects in 2012.

START

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- 47% feel that more should be done to protect property buyers in the country. - 65% do not think that the allocation of RM1.9 million to build 123,000 affordable housing units in strategic locations in 2013 will be effective in meeting the rising housing demand for low- to middleincome earners. - Respondents were largely split between wanting the government to do more (32%) and believing that the recent increase in income limit for the My First Home Scheme will do enough to assist more people in their homeownership journey (32%). - 45% do not think that that the increase in the Real Property Gains Tax from 10% to 15% for properties sold within the first two years, while properties sold from the third to fifth year will be increased from 5% to 10%, will curb speculation. - Only 19% of the respondents want to invest in property overseas with the top three destinations being Australia, Singapore and the United Kingdom. Shedding further light on the survey findings, iProperty Groupâ&#x20AC;&#x2122;s Chief Executive Officer, Shaun Di Gregorio, said that despite the residential property market in Malaysia being buoyant in the past two years, in 2013, property buyers are treading carefully while adopting a wait-and-observe stance. Di Gregorio said, â&#x20AC;&#x153;Malaysiaâ&#x20AC;&#x2122;s economy is projected to grow at a healthy pace of between 4.5% and 5% in 2012. However, with the prolonged global economic uncertainties, the more stringent vetting process adopted by the banks and the implementation of the various measures by

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iPROPERTY.COM ASIA PROPERTY MARKET SENTIMENT SURVEY (H1) 2013

the government to avoid an asset bubble, local and foreign investors are being cautious in their approach to purchase and invest in property.” The Findings The survey polled over 8,000 respondents from Malaysia. The majority of the respondents were aged between 26 and 35 years old, and 57% had an annual household income between RM30,001 and RM80,000. RM

When it came to purchasing property, 79% indicated that they wanted to purchase property within six months to two years. Some 34% indicated that their budget is between RM350,001 and RM500,000, followed by 32% who would spend up to RM350,000 for a property. The findings have revealed that landed property continues to be the most popular choice among the respondents. High-rise living is also fast gaining popularity possibly due to a greater appreciation for condo facilities and security features. Half of the Malaysians surveyed answered that property prices are too highly priced, while 16% answered that they cannot find a suitable property. Di Gregorio said, “This could be because of the budget that these respondents have as finding a home in a location that they desire is not feasible as properties in a good location are beyond the loan repayment capabilities of the country’s young population. Malaysia’s property prices are certainly lower compared to our neighbouring countries, especially Singapore and Hong Kong.” The full survey findings can be downloaded directly from www.iproperty.com.my.

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END

BOOK REVIEW

Bali By Design Author : Kim Inglis Photography : Jacob Termansen Publisher : Periplus Editions Price : RM114 Pages : 224

As one of the most popular holiday destinations in the world, Bali has been a source of inspiration for the designs of homes and hotels across the globe for years. In fact, its gradual transformation from a culturally-grounded getaway to a bustling metropolis has enhanced instead of diminished its appeal as a holiday retreat or even a place to set down roots. Far from detracting from the original charm that has made Bali such a desirable place to visit and live in, the changes in the local architectural and design choices have managed to seamlessly meld with the core traditional elements that define Bali’s uniqueness, as the 25 contemporary houses in this hardcover book readily show. Each residential space is a testament to the prevalence of innovation in the field of architecture and interior design, taking into account the limitations present, as well as taking advantage of the opportunities at hand. A greater level of sophistication is evident in these homes, manifesting itself in the high-end finishing, building materials and modern equipment that grace them.

In addition, the desire to minimise the house’s impact on the environment has also greatly influenced the design choices of the featured homes, prioritising the usage of green materials and natural cooling techniques. Many of the houses in question were designed with the priority of cutting down on the use of air-conditioning, and embracing more natural and aesthetically pleasing ways to beat the heat inside. Bali has a long history of being the centre of creativity and source of artistic tradition both locally and internationally, but it also has an unusual ability to constantly reinvent itself. As the featured homes show, underneath the modern trappings, the core qualities that define Bali’s uniqueness still shine through. Photographer Jacob Termansen manages to skilfully showcase this blend of East and West through his camerawork, while Kim Inglis’ style of writing is personal, giving readers access to her own views on the individual beauty of each home and a deeper insight into the architects responsible for them.

Despite this change, elements of indigenous Balinese building traditions continue to make their presence felt in every abode. The use of bamboo in some form, interior courtyard gardens and garden pavilions, known as bal s, are some examples of concepts originating from the island that have persisted to this day in residences such as the ones in this book.

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VIEWPOINT

Gated & GUARDED: Boon or Bane The number of gated and guarded communities in Malaysia has been on the rise in recent times. Is it as effective as it is made out to be? By Rakesh Kumar

Heights Kajang, Tropicana and The Mines, the contemporary housing schemes are designed with upmarket facilities such as golf courses, clubhouses and recreation areas. These developments offer a mix of security, privacy and an affluent lifestyle within their residence. In fact, this has been a key selling point for many developers, real estate agents and negotiators who often emphasise the security features offered as part of their marketing strategies. Currently, according to the Town and Country Planning Department, there are four types of gated communities in Malaysia, namely: Gated and guarded community is the order of the day for developers looking at developing a parcel of land with homes that come with additional facilities. According to a research paper presented at the Asian Professional Security Association (APSA) Conference, back in 2011, entitled “An investigation of factors influencing communities’ decision in Kuala Lumpur and Selangor (authored by Mariana Mohammed Osman, Noor Suzilah Rabe and Syariah Bachok)”, the definition of gated and guarded communities is:

I. Elite community This type of gated community is primarily occupied by the upper-class or high-income group of people. It focuses on exclusion and status in which security is one of the major concerns due to the resident’s status within the community. II. Lifestyle community The lifestyle community generally consists of retirement communities, leisure communities and suburban ‘new towns’. Activities inside these communities can include golf courses, horseback riding and residents-oriented leisure activities.

… gated and guarded communities are commonly identified as a cluster of houses surrounded by fence with controlled access. A number of measures of restriction such as security guards, 24-hour patrol services, central monitoring systems, and close circuit television (CCTV) cameras are provided.

III. Security zone community Security zone community is the most popular type of gated community in which it offers a housing development that is surrounded by fences or gates. This development is normally provided with guard services.

The paper also noted that some of the gated communities are more than just a security provider. In residential areas such as Country

IV. Security zone community and lifestyle This type of gated community housing development is usually developed within a city centre. It focuses on both the security

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aspect and the provision of lifestyle facilities for its residents. The gated community is a concept that emerged in response to the rise of safety and security issues, and offers more advantages in terms of a calm environment and enhanced safety that is ideal for family development. Boon Gated and guarded communities are generally better protected from criminal activities. In a research paper by Asnida Mohd Suhaimi from the Faculty of Law, University of Malaya (UM), entitled ‘Divide and conquer: The aggravation of social segregation by gated communities’, noted that there were reports that the implementation of the gated community concept has successfully reduced the crime rate in certain areas. Several gated community developments such as Aman Suria, Bukit Mayang Mas, Damansara Lagenda and Taman SEA, in Petaling Jaya, were reported to have lower crime rates compared to housing areas without the facility. The same paper also noted that gated communities have also been perceived to promote a stronger sense of community among the residents. Children in gated communities can go out and play safely in the neighbourhood due to the closure of the inner roads to the public.

that the gated community concept have several constraints such as the lack of emergency access for fire fighters, police and ambulance. Another concern is the monetary issue. As the housing purchasers are obliged by law to pay monthly fees for maintenance and security services, the study noted, the quit rent paid to the local council are considered redundant because the area will not be serviced by the local council, but would instead be maintained by the management company appointed by the developer. Adding to the woe is the potential dispute amongst the residents. The residents of conventional neighbourhoods who are keen to convert their existing residential areas into a guarded community must get consent from at least 85% of the residents. What about the remainder 15%? Will they be forced to pay what is required later on? Although the security issue is largely taken care of, the gated and guarded community still needs to address other concerns that surround this concept. Such communities should have constant discussions with the local and federal authorities in order to prevent a serious issue from cropping up.

Bane However, not everyone is in support of the concept. The APSA paper noted that 5.7% of its respondents mentioned that house break-ins continue to occur in the neighbourhood. There is even suspicion that the security personnels in charge could have been involved in these criminal activities. The APSA paper also warned of the implications of social segregations. “Gated neighbourhoods have been argued to cause fewer interactions among the resident,” it said, adding that it is common that gated and guarded community are usually resided by people with a higher income. In a similar vein, the UM paper also insisted that various studies have found

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COVER STORY |

Zefer Hill Residence

Zefer Hill Residence Duo It is a home that offers double the space and double the joy.

Designed for the ambitious achiever who wants it all in life, Zefer Hill Residence Duo answers to your desires with a new dualkey home series. Every suite is tastefully designed to maximise each layout for optimum functionality. Zefer Hill Residence Duo features a unique concept, namely, ‘1 Price, 2 units, 3 parking lots’, thus you can choose from two unique 3+1 bedrooms condominium variants made ideal and versatile to suit your needs whether as a studio extension, home office or a home to keep your extended family close. Calling to mind the word ‘zephyr’, which means soft, gentle breeze, Zefer Hill Residence Duo definitely allows residents to enjoy the cool, gentle breezes of this development at the pinnacle of Puchong – both literally and figuratively. These beautifully designed condominiums perched on a hill offer unforgettable, panoramic views of the surroundings. The residences are also located within a growing and expanding population and township.

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Excellent Accessibility, Convenient Locale Conveniently located in Puchong, the development situated almost exactly midway between Kuala Lumpur and Putrajaya, Zefer Hill Residence Duo also offers a good balance of the established and the upcoming with major, mature townships such as Subang Jaya, UEP Subang Jaya, Bandar Sunway and Petaling Jaya and key growth areas such as Seri Kembangan, Cyberjaya and Putrajaya all within its ambit. Established amenities such as schools, colleges, medical centres, sports arenas as well as food and shopping centres are just minutes away from Zefer Hill Residence Duo. The development is also well connected through an extensive web of highways such as the Damansara-Puchong Expressway (LDP), Puchong-Sungai Besi Highway, Shah Alam Expressway (KESAS), New Pantai Expressway (NPE) and the Federal Highway. Fantastic Facilities and Features A myriad of special features await residents of Zefer Hill Residence Duo as

3 the condominiums have been designed to radiate a sense of space and the design details confirm this theme. For instance, a 6-panel sliding glass door between the livingdining area and the balcony creates a roomy feel while selected units boast of a semi-open concept for the master bathroom, adding to the overall airy atmosphere. The condominiums also come with a host of fantastic amenities in the common areas such as a whirlpool, swimming pool, kids playground, gym, sauna, badminton and squash courts, a surau, fibre optic facilities, nursery, laundrette and convenience store, among others. Security is assured with Zefer Hill Residence Duoâ&#x20AC;&#x2122;s reliable, 3-tier security system.

1 Grand entrance* 2 Observation deck* 3 Studio unit* *Artist impression

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COVER STORY |

Zefer Hill Residence

4 Eco-Friendly Haven The eco-conscious will be pleased to note that Zefer Hill Residence Duo incorporates green building features such as a rainwater harvesting system for gardening, as well as specially selected sanitary ware to ensure efficient water usage, and low volatile organic compound emitting materials â&#x20AC;&#x201C; such as paint, adhesives and sealants â&#x20AC;&#x201C; are being used for construction. Other green features and systems in place include the implementation of a responsible construction/domestic waste management system and T5 lighting for the corridors. Availability & Purchasing Promotion Zefer Hill Residence is a freehold development available in nine exclusive designs with prices starting from RM546,500 onwards. Covering a total area of 5.768 acres, the built-up sizes of the 346 units range from 1,356 sq ft to 2,139 sq ft.

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Those keen on owning a unit at Zefer Hill Residence Duo are in for a treat with a number of irresistible offers such as the 4.5% interest subsidy scheme, the SPA legal fee & disbursement and loan legal fee will be borne by the developer, 7% Guarantee Rental Return and furnished studio unit, etc. Those waiting to ride the zephyr breezes of Zefer Hill Residence Duo need wait no longer as it is now open for sale. Zefer Hill Residence Duo is slated for completion by April 2015. For a better insight, please visit the Zefer Sales Gallery at No.35, Jalan BK5A/3A, Bandar Kinrara 47180 Puchong, Selangor, or call (603) 8076 7606 / (6016) 212 1989.

4 Gym room* 5 Swimming pool area* *Artist impression

5 LOCATION MAP

iProject Listing QuickPro No: NC2304 Project Name: Zefer Hill Residence City: Puchong, Selangor Property Type: Condominium Land Title: Residential Tenure: Freehold Land Area: 5.768 acres Build Up: 1,356 - 2,139 sq ft Listing Price: From RM546,500 - RM1,000,500 Expected Date of Completion: April 2015 Developer: Villamas Sdn Bhd B-2-6, Plaza TTDI, Jalan Wan Kadir 3 Taman Tun Dr Ismail, 60000, Kuala Lumpur. Tel: (603) 7728 1222 Fax: (603) 7726 1222 Website: www.villamas.com

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FEATURED PROPERTY | The Atmosphere

An Integrated Lifestyle Experience With numerous sophisticated developments sprouting in the Klang Valley, The Atmosphere is one such project that stands a notch above the rest.

1 Located in the hotspot locality of the Golden Triangle of the South Klang Valley, The Atmosphere is a commercial development that offers a complete lifestyle and entertainment experience. The fundamental concept of the development, Phase 2 of The Atmosphere which has a gross development value (GDV) of RM370 million, is to create an integrated commercial environment that is hip and trendy, yet offers soothing landscapes and

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a natural setting that will appeal to all quarters of society. Two & Three Ground Floor Concept The Atmosphere Phase 2E LAVA sports a unique concept which features three ground floors â&#x20AC;&#x201C; an innovative and revolutionary layout design that boasts three levels of multipurpose atriums and raised courtyard plazas connected to the lifestyle and retail outlets on the upper levels of the development. The Atmosphereâ&#x20AC;&#x2122;s Phase 2B

FLAVA & 2C DIVA also features two rows of boulevard shop offices connected by an elevated and landscaped boulevard, thus creating the second ground floor concept. The expansive spaces and high ceilings, coupled with beautiful landscaping featuring lush greenery and manicured lawns, offer a distinct and unique experience of futuristic architectural lines. The development has five design options that include: ¥ Phase 2A AURA: 24’ x 70’, 3- and 4-storey shop offices ¥ Phase 2B FLAVA: 22’ x 70’, 4- and 5-storey shop offices ¥ Phase 2C DIVA: 22’ x 70’, 4- and 5-storey shop offices ¥ Phase 2D NOVA: 26’ x 70’, 4- and 5-storey shop offices

3 4

¥ Phase 2E LAVA: 27.5’ x 60’, 3-storey shop offices Driving Innovation In Harmony With Nature Set against the backdrop of a mature township, The Atmosphere is geared towards creating a vibrant and robust business and entertainment environment in Seri Kembangan. Comprising 154 units of enbloc shoplots and retail outlets measuring between 1,540 sq ft and 16,526 sq ft in size, The Atmosphere has something for all types of business and entertainment concepts.

1 2 3 4

Aerial view of 2E LAVA Central park at 2D NOVA Sheltered boulevard at 2C DIVA 2 Ground floor concept of 2B FLAVA & 2C DIVA

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FEATURED PROPERTY | The Atmosphere

5 What is even more appealing is the vast expanse of public spaces and common areas that include a 1.4-acre central park and 6,000 sqm of lush landscaped gardens â&#x20AC;&#x201C; a sprawling space dedicated to nature, encouraging leisure and a serene environment for shopping, entertainment or just to unwind after a hectic day. The development offers excellent conveniences that include 1,600 parking bays, 24-hour security surveillance with CCTV coverage, comfortable access via elevators and lifts, as well as modern covered walkways that interconnect with other blocks. Keeping in mind innovation and modern living standards, The Atmosphere boasts of a smart waste management system, excellent ducting and ventilation systems. The development has been awarded the BCA Green Mark accreditation, and selected as the Asia Pacific Property Awards 2011 Malaysia 5-star winner and the Asia Pacific Property Awards 2011 Regional Winner.

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An Enriching Lifestyle of Convenience The Atmosphere will offer local residents the opportunity to savour a vibrant and energetic commercial experience, which will include hypermarkets, a shopping mall, hotel, serviced apartments, office suites and retail outlets, changing the way one shops, dines and works. The development is easily accessible via major road networks that include the North-South Highway, the Sungai Besi Highway, the SILK Highway, the Bukit Jalil Highway, the LDP Highway, the MEX Highway, the Middle Ring Road 2 and the Shah Alam Highway. The development is a mere 30-minute drive away from the Kuala Lumpur city centre. Popular attractions located within a stoneâ&#x20AC;&#x2122;s throw away from The Atmosphere include the Mines Resort City, the Mines Shopping Fair, the Malaysia International Exhibition and Convention Centre, and the Mines Wonderland.

6 About the Developer The Atmosphere is a sterling development by The Atmosphere Sdn Bhd, a joint venture between Eksons Corporation Bhd and Tempo Properties Sdn Bhd. Priced from RM770,000 to RM6.4 million, The Atmosphere holds great potential for discerning investors. Scheduled for completion in phases from January 2013 to November 2014, The Atmosphere has excellent deals for

LOCATION MAP

interested buyers that include free legal fees for SPA and loan, free stamp duty for loan and a 2-year free maintenance period. To experience The Atmosphere, contact (603) 8943 3663 or visit www.theatmosphere.com.my.

5 Facade view of part of 2E LAVA 6 Main entrance of The Atmosphere

iProject Listing QuickPro No: NC2740 Project Name: The Atmosphere City: Seri Kembangan, Selangor Property Type: Shop-Office Land Title: Residential Tenure: Freehold Build Up: 1,540 - 16,526 sq ft Expected Date of Completion: Jan 2013 & Nov 2014 Developer: The Atmosphere Sdn Bhd (725395-U) B-13A-3 Megan Avenue II, 12 Jalan Yap Kwan Seng 50450 Kuala Lumpur. Tel: (603) 2161 1216 Fax: (603) 2161 1185 Website: www.theatmosphere.com.my

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FEATURED PROPERTY |

Country Garden@Rawang & Country Garden@Kajang

A touch of China’S splendour in Malaysia Country Garden, one of the top 10 developers in China, is introducing 5-star developments to the local property sector.

1 China’s strong economic position and the positive bilateral trade relations between China and Malaysia, can only harbour well for the trading partners of both nations. This has led to Country Garden, a prominent Chinese developer, making its debut in Malaysia’s property industry. Outstanding History in China Country Garden’s rich 20-year history in mainland China’s property scene has set a standard for township developments. The company’s motto, ‘5-Star Living For You’, has propelled it to great heights; from its humble beginnings in 1992 with Shunde Country Garden in Guangdong, to being listed on the Hong Kong Stock Market Exchange in 2007.    Country Garden measures itself against the highest standards, offering world-class property management and community operations for its developments. Offering uncompromising services and impeccable quality, the developer’s operations grew from one project a year to 10 projects a year. To date, Country Garden has built over 100 large townships for over half a million proud property owners.

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Country Garden does not only build homes. In fact, in 1994, the developer built the Country Garden School within the Country Garden Township for the homeowners’ convenience. In 2002, China’s first free school, Guohua Memorial Middle School, was established by the developer. Country Garden is also known for its hotel and holiday destination projects.    Country Garden is one of the top 10 developers in China. Last year, Forbes Asia listed Country Garden as one of the FAB 50 companies, with an estimated market value of US$7.6 billion. The developer also achieved contracted sales of approximately RM21 billion and contracted GFA of approximately 678ha last year, representing a year-on-year growth of approximately 31% and 15% respectively. A New Chapter in Malaysia Country Garden has chosen Malaysia as the first stop for their overseas development investment, teaming up with the country’s top property developer, Mayland Group, to expand its horizons in the region. With a strong and dedicated passion in developing good value properties, coupled

2 with attractive lifestyle concepts, Mayland Group have cemented their presence in the Malaysian property sector, thus making them the ideal partner for Country Garden.     The Mayland Group is best known for its high-rise residences, being the largest serviced apartment and condominium developer in the country, and having built over 20,000 commercial and residential units in the country. It has a land bank of over 500 acres with a potential gross development value of RM12 billion. Besides serviced apartments, its widely diversified portfolio also includes shopping malls, office buildings, retail lots, terraced house and hotels.   Country Garden is known for choosing sites which are high potential city development areas, and this is in tandem with the Mayland Group’s modus operandi too.

‘5-Star Living For You’ has become a brand value and a major goal for Country Garden is to live up to its unique name and status. With the Mayland Group’s presence in Country Garden’s Malaysian venture, investors can be assured of attractive capital returns, as well as integrity and innovation in the developments. The developer provides only 5-star products, where it engages its own design institute and professional team to constantly innovate and move with the times, thus ensuring the birth of diversified products to address the different needs of each customer. In Malaysia, Country Garden will introduce its highly successful mansion diamond villas, Spanish-style bungalows and contemporary linked houses with a local twist to entice the local crowd.  Creating 5 Star’s Living Environment in Malaysia With such devotion to quality, expect 5-star facilities such as a modern commercial centre, retail stores, residential facilities with fully equipped private clubhouse and well-lit commercial streets that will enhance the overall quality of life.

1 2 3

Country Garden provides 5-star facilities for all its developments A 5-star living environment is possible with Canary Garden Embrace an urban lifestyle with a beautiful landscape

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Country Garden@Rawang & Country Garden@Kajang Country Garden also prides itself for its magnificent landscaping, which is a pull factor for most of its developments. The developer has its own landscaping institute, thus its landscaped gardens and spaces are nothing short of breathtaking. Customers of Country Garden are guaranteed world-class security management services. Its management team, with over 15 years of experience, is endowed with the unwavering commitment to serve every household’s needs efficiently and professionally. Top-notch service is part of Country Garden’s promise to its clients and buyers.

4 5

With a flagship project planned near Rawang and another project underway at Kajang, potential buyers can look forward to an urban lifestyle with a beautifully landscaped environment, first-class amenities and all-round comfort and convenience made just for them. Welcome to a stellar new way of experiencing 5-star living in Malaysia.  For more information, please visit www.countrygarden.com.my.

4 Country Garden guarantees world-class security management services 5 The developer is devoted to producing quality homes

LOCATION MAP

Kajang

iProject Listing

Rawang

QuickPro No: NC2469 Project Name: Country Garden@Rawang & Country Garden@Kajang City: Kajang, Rawang, Selangor Property Type: Mansions / Bungalow House / Link-house Land Title: Residential Developer: Country Garden Properties(M) Sdn Bhd (958831-p) Show Gallery B-2-21, Plaza Damas 3,Jalan Sri Hartamas 1 Taman Sri Hartamas, 50480 Kuala Lumpur. Tel: 1300 80 6666 Fax: (603) 6203 3332 Website: www.countrygarden.com.my

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Gallery Homes

Modern Homes in a Green Environment Gallery Homes is designed for the modern day family.

Gallery Homes is a collection of 50 semidetached homes, linked bungalows and bungalows located on a 5-acre piece of prime land within the fast growing township of Bandar Tasik Kesuma in Semenyih. These freehold homes come in three designs – Aster, consisting of 2-storey semi-detached homes; Cassia, comprising 2-storey bungalow homes; and Aronia, which are 2-storey linked bungalows. A modern residential development set in a green environment, Gallery Homes set the standard for the latest home designs in the vicinity by creating contemporary homes to

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cater for today’s modern family. These bold and beautiful homes reflect high quality architecture and structural integrity, while focusing on fine finishing. These homes, which have a total gross development value (GDV) of RM47.4 million, are spacious and thoughtfully conceived, as well as modern and stylish. Aster homes come with a generous lot size of 50’ X 70’, and a standard built-up of 2,551 sq ft. Cassia bungalows, on the other hand, are a tad larger than the semi-detached, with a lot size of 4,787 sq ft and a built-up of 3,020 sq ft, with the homes being affordably priced from RM609,150 to RM1,258,400.

1 Aster and Cassia come with 4+1 rooms and five bathrooms, making them spacious enough to house a family of five, with no fights over who gets to use the washrooms first! The ground floor of the homes has a height of 11 ft, creating the illusion of immense space. It also welcomes in more natural sunlight and ventilation into the home, thus reducing excess energy usage and is environmentally friendly at the same time. Porcelain tiles deck the living room, dining room, dry kitchen and guest room in the homes, with wall tiles all the way up to the ceiling in all the bathrooms, creating an overall polished and sophisticated look for the homes.

The master bedroom has a floor-to-ceiling height of 12ft, making it a wonderfully flexible space for the couple of the home to decorate and design to their taste. The master bedroom, together with the family room and the other rooms, is tiled with laminated timber flooring, complete with a plaster ceiling for a neat finish. It is often said that the kitchen is the heart of the home, and in the Gallery Homes, they have been given special attention. Budding

A street view of Gallery Homes

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FEATURED PROPERTY |

chefs would be delighted with the separate wet and dry kitchens where cooking up a storm would be a breeze.

Gallery Homes

The homes also have a wide 18ft entrance gate that allows the easy manoeuvring of cars. In fact, the porch can accommodate up to three cars parked side-by-side, a feature that is missing in most homes today. Both the Aster and Cassia homes come equipped with an alarm system to ensure the familyâ&#x20AC;&#x2122;s safety and security at all times. The homes also come with a 3-phase power supply. Well placed within the booming south Klang Valley Gallery Homes boasts an excellent location in the south of Klang Valley, being merely five minutes away from Semenyih Town, eight minutes to the Kajang-Seremban Highway (LEKAS) and 15 minutes to Kajang Town. Connections to the north via the Kajang SILK Highway and the Cheras-Kajang Highway put the development right in the middle between Kuala Lumpur and Seremban, with both cities just 33km away. Travelling to the Kuala Lumpur International Airport, Putrajaya and Cyberjaya via the SILK Highway also makes the location of Gallery Homes one of its key attributes. Adjacent to the development lies Tesco, Econsave and The Store, which meets the residentsâ&#x20AC;&#x2122; daily shopping needs, and there are plenty of fast food joints nearby such as McDonalds, KFC and Pizza Hut to satisfy those hunger pangs. With institutes of higher learning such as Nottingham University and MARA Institute of Higher Technology nearby, this would certainly attract a well-educated crowd into the surrounding neighbourhoods.

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such as Mahkota Industrial Park (industrial hub), international and local colleges, as well as existing residences located nearby. This catchment area presents great potential for businesses and as an investment.

6 As part of the Gallery Homes development, Gallery Development Sdn Bhd, the developer, has also developed another project called Gallery 52, comprising 52 units of 2- and 3-storey shop offices. Each has a lot size of 22’ x 70’ and a built-up area ranging from

LOCATION MAP

1,540 sq ft to 10,020 sq ft, and is competitive priced from RM673,200* onwards. These retail outlets and office spaces will cater not only to the needs of Bandar Tasik Kesuma’s residents, but also those from surrounding neighbourhoods

More information about the homes Gallery Homes and Gallery 52 is expected to be ready by September 2014. The developer is offering a number of attractive promotions such as DIBS, a discount for Bumiputera buyers, subsidised legal fees on the SPA, loan agreement and disbursement, and subsidised stamp duty on the MOT and loan agreement. Interested? Visit www.gallerydevelopment.com or call the sales office at (603) 8727 1788/ 1755. *Terms and conditions apply

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Artist impression of Gallery Homes living room Gallery Homes - Cassia facade Gallery Homes - Aster facade Gallery 52 street view Gallery 52 facade

iProject Listing QuickPro No: NC2593 Project Name: Gallery Homes City: Semenyih, Selangor Property Type: Semi-detached House Land Title: Residential Tenure: Freehold Built Up: 2,551 sq ft and 3,020 sq ft Listing Price: From RM673,200 - RM1,258,400 Expected Date of Completion: Sept 2014 Developer: Gallery Development Sdn Bhd (945350-D) J-G-2A, Blok J, Jalan PJU 1A/20B, Dataran Ara Damansara, Ara Damansara, Petaling Jaya 47301 Selangor. Tel: (603) 7846 0992 Fax: (603) 7846 0996 Website: www.gallery-development.com • Developer: Gallery Development Sdn Bhd • Address: No. J-G-2A, Blok J, Jalan PJU 1A/20B, Dataran Ara Damansara, Ara Damansara,47301 Petaling Jaya, Selangor D.E. • Developer’s Licence No.: 12118-2/072015/1027 • Validity: 30/07/2012 – 29/07/2015 • Advertising Permit No.: 12118-1/1947/2013(08) • Validity: 09/08/2012 – 08/08/2013 • Plan Approving Authority: Majlis Perbandaran Kajang • Approved Building Plan No.: MPKj 2/P/14/2012 Land Encumbrance: Charged to OCBC Bank • Land Tenure: Freehold • Double Storey Semi-D • Selling Price Min: RM609,150 Max: RM1,012,700 • Total Units: 20 • Double Storey Bungalow • Selling Price Min: RM851,880 Max: RM1,258,400 • Total Units: 2• Expected Date of Completion: Sept 2014 • 7% Discount for Bumiputera

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New World Garden

Villa Living at its Best New World Garden, an exclusive enclave of villas and bungalows in Jalan Masai, Johor, is the answer to the sophisticated demands of today’s generation. wood flooring, 12ft high ceilings and luxurious ensuite bathrooms in all the bedrooms. The semi-detached villas feature 5+1 and 6-bedroom homes, whilst the bungalow lots offer 6+1 and 7-bedroom units. To add a futuristic touch to the development, there are groove lines throughout the entire facade that ooze class and style.. Founded upon strong values and community living, the homes are ideal for three-generational living, whilst promoting healthy communal bonding and a well-balanced lifestyle. The development also features a large clubhouse that comprises a swimming pool, gymnasium, playground and function hall – for a wholesome living experience.

1 New World Garden is an exclusive enclave of 3-storey semi-detached villas and bungalows within a gated and guarded environment. The development is located along Jalan Masai in Johor – Malaysia’s southern gateway. New World Garden boasts top-notch features, fittings and design layouts that breathe the best of millennium developments thus far. The 3-storey semidetached villas feature two layout designs, namely: ¥ Type A with a built-size of 4,092 sq ft (40ft x 80ft), and ¥ Type B with a built-size of 4,140 sq ft (40ft x 80ft)

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Bungalow units measure approximately 5,423 sq ft in size, bearing a dimensional range of 75ft x 80ft – a sprawling and palatial size that is a rare find today. Adding to this exclusivity, there are only four bungalow units up for grabs and 92 semidetached villas that complement the development with their distinct features.

With the rising concern for security, New World Garden offers dwellers peace of mind with a comprehensive security framework that includes perimeter walls fitted with high-definition infrared CCTV equipment surrounding the development, trained security personnel, armed guards and canine patrol. With a selling price of RM2.4 million onwards, New World Garden offers discerning buyers the best in Johor’s property development.

Built with quality and distinction in mind, the homes are a testament to Malaysia’s top-ofthe-class offerings in the real estate industry. New World Garden residences boast of Roca, American Standard and Niro Granite tiles, world-class teak

Strategically located close to various amenities and conveniences, New World Garden is an ideal living concept for modern families that thrive on convenience, practicality and class. Tesco and Giant hypermarkets, banking

facilities, restaurants, cafes and entertainment hotspots are just a stone’s throw away from the development.

The Johor Jaya Maternity Centre and Hospital Sultan Ismail are within a 10-minute drive from New World Garden. For golf enthusiasts, the Daiman 18 Golf and Country Club and the Ponderosa Golf and Country Club are a short distance away from the development. New World Garden is also well linked to surrounding townships and easily accessible via a strong network of roads and highways that include the North-South Highway, the Pasir Gudang Highway and the MalaysiaSingapore causeway. About the Developer New World Garden is a masterpiece by Taipan Eagle Sdn Bhd, a subsidiary of New World Development Company Ltd (NWDC) and Luen Yam Development (M) Sdn Bhd. NWDC is a leading Hong Kongbased conglomerate, founded in 1970 and public listed on the Hong Kong Stock Exchange.

LOCATION MAP

With a 40-year track record in property, infrastructure, services and retail stores in Hong Kong, mainland China and Macau, NWDC offers the best in quality, class and distinction. Launched in January 2013, the development is scheduled for completion in the first quarter of 2014. The developer is offering attractive perks to discerning buyers that include a 15% Bumiputera discount, free SPA legal fees and free maintenance for two years. New World Garden is currently being marketed by SQFT Global

Properties (M) Sdn Bhd. Contact SQFT Global Properties at (6012) 993 3226, (6019) 993 3227 or (6012) 993 3228, or email sales at www.sqftmal.com.my to personally experience New World Garden.

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Front facade of the semi-detached villas Luxurious ensuite bathrooms The residences feature top-ofthe-class offerings

iProject Listing QuickPro No: NC2748 Project Name: New World Garden City: Plentong, Johor Bahru, Johor Property Type: Semi-detached House Land Title: Residential Tenure: Freehold Land Area: 40’ X 80’ Build Up: 4,092 - 4,140 sq ft Listing Price: From RM2,400,000 Expected Date of Completion: Q1 2014 Developer: Taipan Eagle Sdn Bhd (287509-U) Unit 1-1A, 1st Floor, Surian Tower, No.1, Jalan PJU 7/3 Mutiara Damansara, Petaling Jaya 47810 Selangor. Tel: (603) 7881 8881 Fax: (603) 7710 7881

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The Cyberjaya Story Past, Present and future

Aspen@Garden Residence

SPECIAL FOCUS |

The Cyberjaya Story

THE START OF THE FUTURE Images of a barren land, almost desert like, with few big buildings have long been purged from the memories of many when one mentions Cyberjaya, thanks to several enterprising companies that sought to change its image. By Christina Jeyakumar

1 The Beginning As Malaysia continues its efforts to shape itself into a sustainable knowledge-based economy, Cyberjaya remains one of its crowning achievements and driving forces. Factors such as state-of-the-art infrastructure and growing human capital have helped fuel the growth of the local ICT (Information Communications Technology) sector, propelling the township to its position as an icon for the country’s lofty goal. The rise of Malaysia’s Silicon Valley started when the Malaysian government set its heart on building a national ICT hub, spanning 6,960 acres, in the vicinity of Sepang. The hub, named the Cyberjaya Flagship Zone (CFZ), was conceptualised as a model ‘Intelligent City’ with global prospects. Launched on 17 May 1997, Cyberjaya is one of the first five cyber cities established under the MSC Malaysia initiative.

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Source: Cyberview Sdn Bhd

According to Setia Haruman Sdn Bhd, to realise the aspirations for a robust ICT sector, there are four major stakeholders in Cyberjaya who work closely to bring Cyberjaya to life, namely: • Cyberview Sdn Bhd – the landowner and Cybercity Manager of Cyberjaya • Setia Haruman Sdn Bhd – master developer of Cyberjaya • Majlis Perbandaran Sepang – the local planning authority • Multimedia Development Corporation – onestop agency for MSC status companies Cyberview was tasked with the responsibility of marketing and promoting Cyberjaya to ensure the city’s structured development and robust progress is in accordance with MSC Malaysia’s guidelines. The company’s roles also include rehabilitation and maintenance work within Cyberjaya.

As the master developer, Setia Haruman was given the responsibility of overseeing the overall development work that included planning, construction and the exclusive rights to develop and sell land parcels and other real estate developments. In an effort to create a well-balanced city with ample amenities and conveniences, Cyberjaya’s land parcel was segmented according to the following: Unique to Cyberjaya, enterprise land was gazetted to jumpstart the development and operations of organisations with MSC status within the cybercity. Out of 6,960 acres, it has been designated that only 53.23% of this land is saleable, according to Cyberview.

21% 17% 48%

9% 5%

Commercial & other development Institutional purpose Enterprise land Residential development Source: Setia Haruman Sdn Bhd

Public amenities & greenery

The Original Business Model Cyberjaya’s original business model encompassed the purchase of large land parcels by multinational or foreign ICT companies, however, this did not materialise as planned due to several global macroeconomic reasons that include the Asian Financial Crisis between 1997 and 1998, the DotCom crash in 2000 and the

September 11 terrorist attacks on the World Trade Centre in the United States in 2001. This resulted in the deferment of investments by ICT companies who opted to rent instead of owning property in Cyberjaya. The Transformation An analysis of two other world-class ICT cities – Dubai in the Middle East and Bangalore in India were undertaken and according to Setia Haruman, the results of the analysis led to the need for the strategic alignment of Cyberjaya’s competitive position on a global scale in order to be on par with global ICT cities, ultimately becoming a preferred base for ICT companies in Southeast Asia and the world. In comparison, Dubai was found to be a superior option with its comprehensive physical infrastructure of buildings and ICT facilities. On the other hand, although Bangalore’s infrastructure was found to be inferior, it was still the preferred choice as an ICT destination outside the United States as it has the largest available pool of intellectual capital, at a reasonable cost, in the world. With an annual capacity to produce three million graduates, with 15% of these graduates focusing in the science and technology field, India has been steadily and rapidly building its outsourcing capabilities, powered by worldclass ICT companies such as Infosys, Satyam and Tata Consultancy, as well as BioCon, a leading global bio-tech solutions provider. As such, Cyberjaya was repurposed to spearhead economic growth through the ICT industry and to help Malaysia make a quantum leap from being a labour intensive nation to a knowledge-based economy. The Repositioning of Cyberjaya The ICT sector’s high demand for human capital has resulted in Cyberjaya taking on the role of a technology hub as well as a one-stop lifestyle centre. With its global reputation as an ICT hub and its strategic position in the Asian region, the township has successfully attracted MNCs and knowledge workers from across the world and locally who have made Cyberjaya their home.

1 The launch of Cyberjaya back in 1997

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By 2009, the city successfully attracted Malaysia’s top developers who have purchased large parcels of land for development. For these efforts, Setia Haruman and the EMKAY Group have received international recognition and awards that include:

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Source: Setia Haruman Sdn Bhd

2004 2006 2007

Active Promotion As a city, Cyberjaya offers a holistic lifestyle experience that blends the concept of ‘Live, Study, Work and Play’ into a single city. These efforts proved to be fruitful and by 2006, Cyberjaya had transformed into an integrated township dubbed the ‘Hot Spot Development Corridor’.

The Prix d’Excellence FIABCI Global Property Award under the Office/ Industry Category

2007

As a knowledge hub, Cyberjaya has successfully produced knowledge-workers through its existing tertiary institutions, thus fuelling the demand for knowledge-workers in a city that is built on the foundation of a knowledge-economy. This has resulted in the availability of high-value ICT jobs in reputable ICT companies such as Dell, Satyam, IBM and HP, among others.

The FIABCI Malaysia Property Award for Best Office Development Category

The Energy Efficient Building under the ASEAN Energy Awards and Tropical Building Category organised by the ASEAN Centre for Energy (ACE) in recognition of the Street Mall

2010

• To attract and draw knowledge workers to live and work within Cyberjaya through the provision of strong public amenities and support systems. • By establishing the city as a knowledgehub through the increase of universities, colleges and institutions of higher learning. • To focus on the skill levels of jobs and to offer a good blend of targeted jobs.

The FIABCI Malaysia Property Award for Best Resort Development

Recognised as the Pioneer City to adopt the Prime Minister’s Green Technology agenda

2011

The city’s solid infrastructure, robust multilingual population and vast expanse of land, have enhanced its reputation as a preferred destination globally. Leveraging on these strengths, Setia Haruman and the city’s stakeholders are focused on three strategic thrusts, namely:

Malaysia’s first LEED Gold Building in recognition of Bangunan Lestari Kumpulan EMKAY (BLKE) marking an important milestone for the Group in its quest towards green development in Cyberjaya

2011

The Cyberjaya Story

Selected as a model ‘FutureCities’ by the Japanese government to share the city’s leading practices in the field of sustainable city development globally

2012

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The FIABCI Malaysia Property Award for Sustainable Development for Bangunan Lestari Kumpulan EMKAY (BLKE)

2 Cyberjaya in 1999 3 Cyberjaya today

Source: Cyberview Sdn Bhd

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The Cyberjaya Story

Cyberjaya: Today and Tomorrow The past 15 years have been more than kind to Cyberjaya – Malaysia’s premier ICT hub has grown beyond its role to become a township desired by companies and homeowners alike. By Ong Xin Ying

Source: Cyberview Sdn Bhd

Formerly the site of mostly undeveloped land comprised of oil palm plantations, the 6,960 acres of land that constitute Cyberjaya has since undergone a massive transformation. Today, the area is a sprawling city equipped with modern amenities and facilities befitting its status as the nucleus of the Malaysia’s Multimedia Super Corridor.

Table 1: Transacted land sales in Cyberjaya

After all, as Izatul Arini, Cyberview Sdn Bhd’s acting managing director, notes, Cyberjaya is, after all, one of Malaysia’s first five cybercities. Interest in Cyberjaya has continued to grow, especially in the past few years, with demand for a slice of the township accurately reflected in the amount and value of its transacted land prices (refer to Table 1).

Given the role of becoming the country’s city of the future, Cyberjaya has all the trappings expected of an intelligent city. Over the years, the precise application of its master plan, as well as a steady inflow of investments has seen a rise in the number of entities ranging from the commercial to residential that is only expected to further increase (refer to Table 2).

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Total

Year

Area (acre)

Value (RM M)

829.18

1,131.44

1998 - 2007 2008 - 2012

1,342.6

2,538.29

TOTAL

2,172.78

3,669.73

Source: Cyberview Sdn Bhd

Table 2: Key statistics reflecting the past, present and future of Cyberjaya (as at January 2013)

Population

From 1997 to 2004

From 2005 to 2011

Projection from 2012 to 2016

20,000

50,000

100,000

Total investments (Infrastructure & buildings only)

RM5.5 billion

RM7.1 billion

RM20.0 billion

For the period Accumulative

RM5.5 billion

RM12.6 billion

RM32.6 billion

Completed offices

2.7 million sq ft

11.1 million sq ft

18 million sq ft

263

1,863

2,000

3,200

28,762

Schools

Universities/ colleges

Completed shops Completed residential units

Source: Setia Haruman Sdn Bhd

The most important factor driving this is, of course, the cutting edge technologies that have been incorporated in its design in order for it to fulfil its core purpose of hosting ICT and multimedia industries. Cyberjaya’s Nervous System The most important of these technologies is undoubtedly the communication network that serves as the city’s backbone. As the premier ICT hub of Malaysia, Cyberjaya has extensive and intensive fibre optic cabling that is collectively known as the Cyberjaya Metro Fibre Network (CMFN). True to the growing popularity of the Fibre-To-The-Building (FTTB) and FibreTo-The-Home (FTTH) concepts, CMFN provides fibre connectivity directly to the building. However, a copper-based network is still operational to accommodate several commercial and residential units that have not made the transition. These make broadband access through both wireless and fixed line readily available to all of Cyberjaya’s occupants. As a neutral carrier, CMFN provides open access to all, and the nine telecommunications companies in the township use the network to offer their services to their end-users. In addition, TM Bhd has its own fibre optic network in Cyberjaya which runs independently of CMFN.

Parts of the whole Cyberjaya is officially divided into four main zones, namely, the enterprise, commercial, institutional and residential lands. The enterprise and commercial lands are reserved for and occupied by the businesses and corporations that have taken a concrete interest in Cyberjaya. The main difference between the two types of land, Izatul explains, is that 60% of any developments on the enterprise land must comprise office space. The demand for smaller office space for small and mediumsized enterprises led to the development of the SME Technopreneur Centre, according to Cyberview. Completed in March 2005, the building caters to the SMEs in Cyberjaya and offers very affordable rental rates (RM2.50 per sq ft inclusive of maintenance). To meet demand for smaller office space, the SME Technopreneur Centre II was completed in November 2007, followed by the third SME Technopreneur Centre which was completed in 2010. The projects that occupy its institutional land represent another side of Cyberjaya’s position as the premier ICT city. The multimedia industry requires knowledgebased workers, often referred to as k-workers, who are equipped with very specific sets of skills – a need that has not gone unnoticed. Cyberjaya has, in fact, become a desired location for schools and tertiary institutions focused on IT-related fields, with establishments such as Multimedia University producing the very graduates that make up the workforce of Cyberjaya’s core industries. Last but not least is Cyberjaya’s residential land, which has the largest share of the city’s total available land. A necessary component in Cyberjaya’s plan to become a fully integrated city, the existing and upcoming residential developments in the township are there to support the large number of students and employees that comprise the bulk of its population. Cyberjaya’s population began to grow with the introduction of the Cyberia Smarthomes,

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The Cyberjaya Story

its first residential project, which was then followed by more residential projects over the years.

have attracted more than 30,000 K-workers to the township (refer to Table 3). Table 3: Top Employers in Cyberjaya

Getting around Cyberjaya also has the amenities and facilities necessary to support an emerging township. Aside from the state-of-the-art police station and fire station, other public amenities such as a recreational park and Sports Arena. In terms of accessibility into and out of the township, the numerous highways and expressways that have been built over the years enable road users to easily access it from nearly anywhere in Peninsular Malaysia. These key routes include the North-South Expressway (NSE), Maju Expressway (MEX) and Damansara-Puchong Expressway (LDP), which have both helped divert traffic into Cyberjaya, as well as made it more appealing as a place to work and live.

1. Hewlett-Packard Multimedia Sdn Bhd 2. HSBC Electronic Data Processing (Malaysia) Sdn Bhd

3. Shell Business Service Centre Sdn Bhd 4. T-Systems Malaysia Sdn Bhd 5. Asia-Pacific Information Services (DHL) Sdn Bhd 6. IBM Global Delivery Centre (Malaysia) Sdn Bhd 7. Dell Global Business Center Sdn Bhd 8. RBC Dexia Investor Services (Malaysia) Sdn Bhd 9. Satyam Malaysia Global Solution Centre Sdn Bhd 10. Ericsson Expertise Centre Sdn Bhd

In addition, there is the Cyberjaya Dedicated Transportation System, introduced by Cyberview, which connects the township to seven key destinations in the Klang Valley including Seremban and Banting. Used by more than 2,000 users daily, the service runs on a 24/7 basis and its buses feature hi-tech tracking devices and monitoring systems that help ensure passenger safety as well as timeliness. This is further complemented by the free Park and Ride service within the city limits. Groundwork for the future A well-planned city from the start, Cyberjaya is at present being developed under the motto ‘Live, Study, Work and Play’ with the aim of establishing within it the crucial elements that would make it a complete township. To date, 60% (2,181 acres) of Cyberjaya’s land has been sold, with 27% (984 acres) already fully developed and 21% (765 acres) currently under development. The country’s intelligent city has already come far, having gathered to its grounds more than 60 multinational corporations, government and private data centres, contact centres, shared services, R&D centres as well as other facilities. All in all, over 600 business entities, of which 331 are companies with MSC Malaysia status, have taken root in Cyberjaya, creating jobs that

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Source: Setia Haruman Sdn Bhd

The growing amount of completed office space in Cyberjaya also reflects this, with a total 11.1 million sq ft spread across more than 60 buildings. Even so, there is a continued increase in the demand for more office space and land in the township, and plans have already been made in order to maintain this positive momentum and growth. Aside from its attractiveness in terms of its modern infrastructure, Cyberjaya is also making waves with its commitment to being a green city in line with the government’s aspiration. Other outstanding examples is Wisma Shell, the first green building in Cyberjaya with two green accreditations from Leadership in Energy and Environment Design (LEED); and Cyberjaya 3 Rimba Digital, the third data centre by NTT MSC Sdn Bhd, a unit of Japan’s NTT Communications Corp. In terms of new developments that are green, Izatul reveals that plans for a Cyberjaya Recyclable Waste Collection Centre is currently going through the approval process with the hope that construction of the facility can begin as early as the second quarter of this year.

3 Table 4a: Ongoing commercial developments in Cyberjaya

Source: Cyberview Sdn Bhd

Development Developer Retail Type (Units)

In addition, several of its other buildings have won prestigious awards recognising the township’s progress in embracing green technology as part of its infrastructure. At present, several of the older buildings are being retrofitted with such technologies, and all future developments are being planned with environmental concerns in mind.

GDV (RM)

GLOMAC Phase 1

GLOMAC Phase 2

Glomac Bhd

Shop Office (39)

Shop Office (24)

64 million

41 million

Table 4b: Ongoing mixed developments in Cyberjaya Development Star Central

Upcoming Major Developments As an integral player in the Greater KL/ Klang Valley development, Cyberjaya’s healthy growth rate is expected to maintain its current pace, if not pick up speed. Years of undeniable positive results have, without a doubt, proven that the township is well on its way in terms of living up to its given reputation and proving its skeptics wrong, and this trend shows little sign of changing anytime in the near future. Further driving these optimistic projections are the announcements of upcoming projects by prominent developers that show the interest in Cyberjaya is far from waning (refer to Tables 4a & 4b). In addition, upcoming infrastructure developments, such as the MRT project, will connect the township to the other hotspots in Greater KL/Klang Valley and ultimately drive more investments into the city.

Sky Park

Developer

EMKAY

MCT Bhd

Office Space (sq ft)

859,118

Studio SOFO, duplex SOFO, strata office tower, corporate tower

Retail Type Shops (814) (Units) Residential (Units) GDV (RM)

51,096sqm

1,900

Serviced apartments (296)

1.884 billion

1.5 billion

1 & 2 HP and Dell have one of the highest number of employees in Cyberjaya 3 Izatul Arini: Cyberview’s acting managing director

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The Cyberjaya Story

Calling Cyberjaya Home Aside from the numerous local and multinational companies that have taken up residence in Cyberjaya, people have also come to see the township as an ideal place to live in. By Ong Xin Ying While Cyberjaya’s modern infrastructure and facilities have done wonders in terms of compelling local and international corporations to set up shop in the township, it has also drawn the interest of those looking to buy a home in the area. Apart from the hi-tech elements that define Cyberjaya, its rich natural surroundings have played their part in attracting present and potential residents as well. Because it has been steadily working its way towards becoming a fully self-sustaining city for the past 15 years, Cyberjaya has nearly every single component necessary to support a community. To begin with, the numerous businesses that operate in Cyberjaya have generated countless jobs that, in turn, have compelled

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many employees to find a home located closer to their workplace. However, the initial lack of residential developments in Cyberjaya itself saw these individuals moving in to neighbouring areas such as Dengkil and Puchong instead. As Izatul Arini, Cyberview Sdn Bhd’s acting managing director, is happy to point out, this slowly changed once Cyberjaya was noticed as not just a destination for ICT companies but a desirable place to live as well. Cyberjaya’s strategic position in Sepang places it a mere 26km away from Kuala Lumpur city centre, and the large number of major highways that wind through the area contribute to its accessibility – a winning factor for any location. In particular, the Maju Espressway that was completed in

December 2007 drastically reduced travel time between the capital and the township to a mere 30 minutes.

township’s position as Malaysia’s intelligent city by producing the graduates that would work in the industries that defined Cyberjaya.

In addition, Cyberjaya is the middle point between Kuala Lumpur and the Kuala Lumpur International Airport, which is particularly convenient for travellers arriving by airplane. Travellers from both local and international destinations make full use of this advantage, especially as the Putrajaya ERL station connects Cyberjaya with the airport and other high traffic points in Kuala Lumpur. Rail access to the township will be further improved thanks to the upcoming MRT project which will pass through nearby areas such as Kajang.

In response, the number of residential units was increased to meet the obvious demand, and today Cyberjaya has more than 10 residential developments. This is a drastic change compared to 2005, when the township only had a couple of condominiums and several townhouses and suffered a drastic depopulation after office hours when office workers left for home come evening – and the number is projected to further increase by 2016 (refer to Table 1).

One other key element of Cyberjaya that has been instrumental in boosting its population and popularity is its educational institutions, beginning with Multimedia University. One of its earliest components, the university was added as a valuable means to furthering the

With the wealth of options now available, prospective residents of Cyberjaya are spoilt for choice – particularly since the quality of these homes more than match the township’s worth. Furthermore, retail elements that will help support Cyberjaya’s residential areas are slowly being added to the overall master plan. Such establishments

Table 1: Projected number of residential units in Cyberjaya

Completed residential units

From 1997 to 2004

From 2005 to 2011

Projection from 2012 to 2016

2,000

3,200

28,762

Source: Setia Haruman Sdn Bhd

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The Cyberjaya Story

already exists in the form of the Cyberjaya Street Mall, Prima Avenue, NEO Cyber, CBD Perdana 1 & 2 and Shaftsbury Square. That is not to say that luxury residences are the only housing to be found in Cyberjaya, Izatul is quick to mention. In 2011, it was announced that Cyberjaya would be part of Phase One of the Perumahan Rakyat 1Malaysia (PR1MA) programme, which aims to make affordable housing available in some of the country’s most desired property markets. In addition to that, renowned property developer EMKAY Group recently announced plans to launch its own affordable housing project in the township. The move has been well received by the public, particularly due to the lack of reasonably priced homes in property hotspots such as Cyberjaya. Targeted at middle-income earners, the project has an estimated gross development value of RM500 million and will include amenities such as a mosque. According to Setia Haruman Sdn Bhd, construction of the projected 3,680 homes is scheduled to begin in the second quarter of the year, with each unit bearing an estimated price tag of RM120,000 onwards. In addition, Cyberview will also be launching their own affordable housing project this year. All these projects are a response to Cyberjaya’s growing population, which is

expected to make a significant climb in the next decade or two (refer to Table 2). Calculations show that existing and future developments in the township will be home to a target population of 210,000 people, of which 30,000 will be students by 2020. The consistent and increasing interest in Cyberjaya point towards this goal being more than achievable, and serves as yet another sign that the township’s growth is assured. MIXED DEVELOPMENT PROJECTS IN CYBERJAYA A growing trend among the players of the real estate industry, mixed developments are slowly but surely becoming a more common sight, as well as an acceptable option for the property market’s various groups of customers. This relatively new type of development is a unique blend of the different real estate offerings available, usually featuring residential and commercial elements in the mix. Cyberjaya is not immune to this, as proven by the handful of mixed developments that have taken up residence on its land. It can be said that these buildings are symbolic of the township’s goal of becoming self-sufficient, and as with all mixed developments, they have obvious benefits such as a greater variety and density in terms of housing, as well as reduced distance between all the key locations of a person’s life – the home, workplace, retail outlets and other such destinations.

Table 2: Upcoming residential development projects in Cyberjaya

Development

Developer

Residential Type (Units)

Symphony Hills

UEM Land

SOHO/Apartments (2,247)

Garden Residences

Mah Sing Group

Houses (768)

Garden Plaza

Mah Sing Group

SOHO (987)

EMKAY Domain 4 & 5

EMKAY Group

Serviced apartments (360)

EMKAY Affordable Homes

EMKAY Group

(3,680)

Serin Residency

Villa Mas

Condominiums (600)

Trillium

Tim Development & Construction

Semi-detached link houses (55)

My Diva

CrystalVille Group

Semi-detached houses (50)

Mirage by the Lake

OSK Properties

Condominiums (170), Villas (26)

Setia Eco Glades

S P Setia

SOHO/Apartments (2,900)

Nadayu Cyberjaya

Nadayu Properties

Mixed residential

Sejati Residences

Paramount

SOHO/Apartments (960)

Source: Cyberview Sdn Bhd

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Symphony Hills is based on a gated community scheme, which helps to promote neighbourly interaction without compromising on exclusivity and privacy. It also emphasises on safety and security features which include a state-of-the-art security system, guard house, perimeter fencing, patrolling guards, CCTV and emergency response team.

UEM Land: Cyberjaya’s Property Market Set to Fly By Rakesh Kumar UEM Land Bhd, which owns 25% of Setia Haruman Sdn Bhd, the master developer of Cyberjaya, recently unveiled the second phase of Symphony Hills with the introduction of Verdi eco-dominiums, a high-rise condominium offering state-of-the-art home features, unique design and lush greenery. During the launch, Datuk Wan Abdullah Wan Ibrahim, UEM Land’s managing director and chief executive officer, said, “Cyberjaya is hot right now. Its property market is set to fly.” UEM Land is the wholly owned subsidiary of UEM Land Holdings Bhd, a real estate investment and development business of UEM Group, which in turn is wholly owned by Khazanah Nasional Bhd, a investing holding company of the government. As for Cyberjaya, the company had embarked on its quest to build vibrant, high-tech residential properties back in 2008 as part of its long term business strategy to ‘diversify income stream and geographical location into high growth areas’. It got hold of a 98-acre freehold site adjacent to the central business district in Cyberjaya at the end of 2008. The land is currently being transformed into an exclusive mixed development called Symphony Hills, dubbed as Malaysia’s first ‘Connected Intelligent Community’ that offers smart-home features and community connectivity through high-speed broadband.

The development is divided into several parcels, each with a different theme and design concept. It comprises a total of 2,848 residential units of mixed landed and high-rise strata and limited commercial components. The latter includes SoHo units. Phase 1 of the development, launched in August 2010, has a total of 416 residential homes. This included cluster homes, park homes and semidetached homes. Phase 2 of Symphony Hills, namely, Verdi ecodominiums, consists of two residential towers with Tower 1 at 44 storeys and Tower 2 at 45 storeys. A total of 800 units, measuring between 700 sq ft and 1,442 sq ft, were introduced with an average of 10 units per floor. The remaining part of Phase 2 is targeted to be progressively launched this year. This will include the introduction of the SoHo units and a Village Centre. Datuk Wan Abdullah said, “In five years, Cyberjaya has established itself as a vibrant community.” He noted that the criteria for a great development is no longer about location, but timing. He gave Taman Tun Dr Ismail as an example, pointing out that the place was not popular back in the 1970s, but is now a craze among property buyers and investors. He added, “This is how Cyberjaya will be soon.” Datuk Wan Abdullah also said that the company is looking into buying more land from Setia Haruman. He said, “We are evaluating several plots, and if it is feasible, we will buy it.”

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Aspen@Garden Residence

1 Living The Future Now Recognising the great potential that Cyberjaya holds, Mah Sing Group Bhd has capitalised on the sterling opportunity to spur development within the locality. In recent times, there has been increasing demand for mixed development projects, especially for gated and guarded residences within Cyberjaya. This has resulted in Mah Sing Group Bhd purchasing landbanks in the locality, which saw the birth of Garden Plaza, Clover and Aspen@Garden Residence, comprising serviced residences and landed homes. Spanning over 115 acres of prime freehold land, the development is the first ever integrated development in Cyberjaya. Strategic Locality Cyberjayaâ&#x20AC;&#x2122;s strategic location has struck a cord in the hearts of many investors and buyers who were looking to invest

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in property in the vicinity. The township bears various trademarks of urbanisation and rapid progress with the advent of institutions of higher learning, the emergence of multinational corporations, various residential and commercial developments, easy accessibility and a good transportation network. Getting into Kuala Lumpurâ&#x20AC;&#x2122;s city centre, Petaling Jaya, Puchong, Subang, Seri Kembangan and other key areas is also convenient via several access roads that include the MEX highway, NKVE highway, ELITE highway, LDP highway and KESAS highway. It takes only 20 minutes to drive

2 to Kuala Lumpur city centre and KLIA, while Puchong and Petaling Jaya is just 10 minutes and 25 minutes away respectively. This solid network of access roads is further supported by a strong public transport, high speed KLIA Express Rail Link ERL and Cyberjaya Dedicated Transport System (DTS) bus shuttle service connect Cyberjaya to Klang Valley, Seremban and etc. Hence, this strong infrastructure framework gives Cyberjaya an edge in the value of its real estate. Cyberjaya, popularly known as Malaysiaâ&#x20AC;&#x2122;s Silicon Valley, houses over 500 MultiNational Corporations (MNC) and local corporations that includes IBM, Dell, HP, Ericsson and Shell. It also has several worldclass institutions including LimKokWing University, Multimedia University, Cyberjaya University College of Medical Sciences (CUCMS), Kirkby International College and ELC International School, as well as four upcoming universities. In addition, there are lots of places with plenty of bazaars for a food and shopping experience, such as Cyberjaya Street Mall and Shaftsbury Square and etc.

In addition, Alamanda shopping mall and a few international class hotel such as Cyberview Lodge Resort, Hotel Pullman Putrajaya Lakeside, and Shangri La located in Putrajaya, which is located adjoining to Cyberjaya. Aspen@Garden Residence Aspen is an enclave of beautiful and distinguished bungalows set against a scenic backdrop of garden living. Inspired by Mah Sing Groupâ&#x20AC;&#x2122;s award-winning Legenda Series, the Aspen Garden Bungalows promise a lifestyle with nature at your doorstep. Aspen gives new meaning to resort living with a picturesque central park atop a hill, commanding a breathtaking view of the surroundings, adorned by gazebos, beautiful landscaping. The development also boasts of green building features like rainwater harvesting system and the house is equipped with solar-powered water heaters. The homes are

1 Aspen entrance statement 2 Aspen actual show unit

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Aspen@Garden Residence

fitted with large glass windows that allow a steady flow of natural light and excellent ventilation for a cool and fresh environment. The Aspen Garden Bungalows have welldefined interior spaces that comprise 9+1 rooms and nine bathrooms, a dedicated entertainment floor, a private home elevator, and rooftop whirlpool, and among others. With a built-up size of approximately 7,796 sq ft, Aspen is a dream-come-true where luxury living is concerned. With such a large interior, owners can incorporate their own design to include a reading room, study room, entertainment room, gym room, etc. These bungalows are also suitable for multigenerational living. The bungalows are intrusion-protected by perimeter fencing and 24-hour security surveillance with infrared CCTV and vibration sensor linked to guardhouse. A revolutionary vehicle access system enables residents to enjoy uninterrupted access to their homes whilst visitors are screened via comprehensive security checks. Aspen also boasts of an exclusive resort clubhouse, central park, cascading water features, cycling tracks and jogging paths for a wholesome living experience. Buyers can start moving in by mid 2013 and enjoy all these luxury features. Garden Plaza Garden Plaza embodies the ultimate mantra in urban living – Work, Learn, Live and Play – in a city that blends these elements to offer a unique lifestyle experience. With 1,149 units spread across three towers, namely, Harvard, Oxford and Cambridge, Garden Plaza is a serviced apartment development with modern architecture and sophisticated layout designs that include Executive Suites (450 sq ft), Deluxe Suites (700 sq ft) and Family Suites (1,000 sq ft). Garden Plaza boasts of fully furnished suites that ooze modern charm. The suites are fitted with quality furnishing, fixtures and electrical household appliances, thus the owners can move straight in or rent out immediately. The development has a comprehensive range of facilities that include a sitting pavilion, pool side alfresco, a swimming pool, water features,

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3 a multipurpose hall, badminton courts. Retails shop at the lower floor that provide convenient to the occupants. The versatile layout of the suites provide investors the option to lease it out to students or expatriate workers attached to multinational companies such as Dell, HSBC, etc, in Cyberjaya. Projected rental yields are estimated at 6% to 7%. Priced starting from RM300,800, the development is expected to be completed in early 2015. Clover@Garden Residence Clover@Garden Residence is a picturesque residential enclave inspired by the 4-leaf principle of grandeur, freedom, serenity and a true sense of home. Located in Malaysia’s Silicon Valley, the development speaks of style, distinction and sophistication. With beautiful landscapes, garden terraces and lush greenery, Clover@Garden Residence is reminiscent of a tropical paradise. With 54 two-storey semi-detached units and 168 three-storey semi-detached homes, Clover@Garden Residence has four layout designs that include: • Type A1 (2-storey semi-detached, Flat level at ground floor) – 3,213 sq ft build up. Land: 40” x 80”

3 Artist impression of Garden Plaza 4 Actual show unit of Clover 3-storey semi detached 5 Clover - landscape and jogging path

• Type A2 (2-storey semi-detached, Split level at ground floor) – 3,213 sq ft build up Land: 40” x 80” • Type B1 (3-storey semi-detached, Flat level at ground floor) – 3,823 sq ft build up. Land: 40” x 80” • Type B2 (3-storey semi-detached, Split level at ground floor) – 3,823 sq ft build up. Land: 40” x 80” The spacious homes bear quality finishing and fixtures that include porcelain and ceramic tiles, timber flooring, top quality sanitary wear, alarm system, cable TV and other electrical points. The homes are well-planned to cater to the demands of modern lifestyles. Mah Sing Group – Bringing New Meaning To Luxury Living Mah Sing Group’s awe-inspiring developments in Cyberjaya are freehold and comprise integrated township concepts that include clubhouse facilities, communal commercial centres, The Promenade as well as lake and water features. Moreover, you can expect to live naturally as it is next to 50 acres of forest reserved.

With a blossoming international business community and the great potential that Cyberjaya holds for the future, Mah Sing Group, one of Malaysia’s leading property developers, is confident that the city will be a thriving metropolis by 2020.

LOCATION MAP

5 iProject Listing QuickPro No: NC2815 Project Name: Aspen City: Cyberjaya, Selangor Property Type: Bungalow House Land Title: Residential Tenure: Freehold Land Area: 60’ X 90’ Listing Price: From RM3,880,800 Expected Date of Completion: April 2013 Developer: Myvilla Development Sdn Bhd Wisma Mah Sing Penthouse Suite 2 No. 163 , Jalan Sungai Besi 57100 Kuala Lumpur. Tel: (603) 8873 1598 / 1603 / 1605/ (603) 9221 6888 Fax: (603) 9221 8999

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Mansion Park

Mansion Park: Where Legacies Begin Surrounded by various amenities and conveniences, this exclusive development of signature villas lies in the heart of Malaysia’s Silicon Valley.

1 Mansion Park is an exclusive development of signature villas situated in Cyber Heights Villa, Cyberjaya. Surrounded by lush greenery and a picturesque landscape, the gated and guarded community is home to 72 exclusive units spread over 6.96 acres of freehold land adorned by the Putrajaya Perdana Lakeview . Mansion Park is an ideal abode and a dream come true for today’s generation, as well as an inheritance that can be passed on to the next generation. The 3-storey superlink signature villas, which are the size of bungalows, speak of unsurpassed luxury coupled with a modern layout to suit the sophisticated taste buds of today’s homeowners.

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The development consists of three design options that feature a luxurious amount of space, a modern facade and an open layout to cater to innovative interior decoration concepts whilst offering practicality and comfort. Mansion Park’s built-up sizes and design options offer: • Type A: 4,351 sq ft and 4,700 sq ft (24’ x 95’) • Type B: 4,944 sq ft to 5,363 sq ft (27’ x 97’) • Type C: 4,085 sq ft and 4,368 sq ft (26’ x 85’) The sprawling layout of Mansion Park homes comprise 5+1 bedrooms and five to six bathrooms to cater to the demands of growing and extended families. The highlights of the development include spacious dual master bedrooms, internal

2 family. The development, with its strong foundation in creativity and innovation, offers homeowners quality finishing.

3 courtyards that offer ample ventilation and natural sunlight, linear garden, 20ft backyard and low-density ratios for privacy and exclusivity. There is a green belt in the middle of the property which provide ample sun shading due to the greenery that nature lovers will appreciate. Mansion Park’s 7ft anti-climb security wall and security surveillance offers the residents peace of mind and a secure living space to call home. This scenic development is the place to strengthen family relationships and forge new friendships with its spacious backyard gardens for entertaining, throwing private parties or just relaxing with friends and

The Cyber Heights Villa development also features a resort-like environment with clubhouse facilities that include a tennis court, swimming and wading pools, a playground with gazebos, a barbeque pit, a gymnasium, a convenience store, a cybermart, a cafe and restaurant, as well as five acres of garden parkland – for that signature experience. Mansion Park offers a lifestyle that is far from the hustle and bustle of city living, yet is within the reach of a wide array of amenities. It is only a few minutes’ drive to numerous educational institutions, shopping havens, public facilities, transportation hubs and top-notch hotel chains. Schools in the vicinity include Seri Puteri Boarding School, the ELC International School, SK Cyberjaya and SMK Cyberjaya. Tertiary institutions located nearby include Cyberjaya University College of Medical Science, Multimedia University, Kolej Internexia, Limkokwing University of Creative Technology and Kirkby International College.

1 Artist’s impression of the front facade 2 Green belt between property 3 Spacious backyard garden

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Mansion Park

Shopping hotspots include the Cyberjaya Street Mall located approximately 2km away and the popular Alamanda Shopping Centre, which is 11km away from Mansion Park. Public facilities in the area include the Cyberjaya Minipark, the grand Cyberjaya Mosque, Cyberjaya Community Club, a sports arena and the local recreational lakeside park. Reputable international hotel chains located nearby include the Cyberview Lodge Resort & Spa, the Putrajaya Shangri-La and the Pullman Putrajaya Lakeside Hotel. Mansion Park is a stone’s throw away from the Cyberjaya bus terminal, the Putrajaya and Cyberjaya KLIA transit station and the Putrajaya Sentral Station – offering convenient commuting options into the city. Kuala Lumpur’s city centre is a mere 30-minute drive from Mansion Park whilst the Federal Territory of Putrajaya is 10km away. The Low Cost Carrier Terminal (LCCT) and the Kuala Lumpur International Airport are located within a 25-minute drive from the development. Known as Malaysia’s Silicon Valley, Cyberjaya is an international business hub for numerous information technology companies spread across the district, offering a wholesome living experience for both work and leisure. The development is easily accessible via major road networks that include the Damansara-Puchong Highway (LDP), the

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South Klang Valley Expressway (SKVE) and the North-South Expressway Central Link (ELITE). In addition, a trip to Kuala Lumpur takes only 20 minutes via the Maju Expressway (MEX). Developer Profile Mansion Park is the pride of Tindak Murni Sdn Bhd, the developer of this artistically inspired residential hub. For interested buyers, sneak previews have been scheduled for September and October 2012. With an expected completion date in 2015, Tindak Murni offers attractive perks for discerning buyers that include early bird discounts for limited units, a 5% Bumiputera discount, free SPA and loan agreement fees, as well as the Developer-Interest-Bearing Scheme (DIBS). With a selling price from RM1.5 million onwards, Mansion Park is indeed a notto-be-missed bargain fit for both future investment as well as personal residence. To experience Mansion Park, contact Tindak Murni at (603) 8943 8811 and grab this opportunity to own a premier piece of property in the Klang Valley.

4 Dual master bedrooms 5 Living hall

5 LOCATION MAP

iProject Listing QuickPro No: NC2627 Project Name: Mansion Park City: 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 Price per sq ft: RM354 Expected Date of Completion: 2015 Developer: Tindak Murni Sdn Bhd (235180-X) 10TH floor, Block C, The Mines Waterfront Business Park No 3, Jalan Tasik, The Mines Resort City Seri Kembangan 43300 Selangor. Tel: (603) 8943 8811 Fax: (603) 8943 4508 Website: www.countryheights.com.my

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Pan’gaea Commercial & Residential

MOULDING THE FUTURE TODAY What once held palm oil estates and undeveloped land parcels, is now home to Cyberjaya, Malaysia’s cybercity, and other extensive development projects such as the Pan’gaea.

1 Over the last decade, Cyberjaya has seen rapid growth in its real estate sector, giving rise to increasing demand in the area for sophisticated and modern residential and lifestyle developments, as it heads towards being a fully integrated city. One such development which draws its inspiration from the concept of full integration is the Pan’gaea @ Cyberjaya.

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The magnificent mixed development comprises SOFO suites, lifestyle serviced apartment, boutique retail outlets, a boutique hotel, a street mall, shopping mall and boutique apartments. The Pan’gaea’s self-sustaining lifestyle concept brings new meaning to stylish and convenient living. The vision of ‘a world in one place’ concept has resulted in the

birth of the Paragon (launched in March 2012) and the Solstice Lifestyle Serviced Apartment (newly released).

well as free stamp duty for loan agreement. Buyers also enjoy a low down payment scheme and other attractive rebates.

Paragon SOFO Suites & Boutique Retail The Paragon comprises 196 SOFO Suites and 49 retail offices spread across 16 acres of freehold land along Persiaran Bestari in Cyberjaya. The development comprises a 16and 22-storey block.

Solstice Lifestyle Serviced Apartment The Solstice Lifestyle Serviced Apartment is a 36- and 40-storey serviced apartment development that is part of the Pan’gaea at Cyberjaya. The units feature contemporary design lines with high levels of practical living standards. The small- to medium-sized units offer a scenic view of the Putrajaya Lake and Puchong.

The Paragon offers 34 layout designs for its SOFO suites that measure approximately 503 sq ft to 1,350 sq ft with one, two or three bedrooms complete with ensuite bathrooms. The suites bear elements of futuristic designs, yet are practical and functional. There are between two to 15 units per floor depending on the sizes of the units, served by two to five lifts. The suites are wellplanned with refrigerant piping, electrical points and water heater points. With prices ranging between RM318,800 to RM849,800, the Paragon’s SOFO suites are indeed value for money. Each unit is provided with one to three parking lots. Office suites at the Paragon boast of wide dimensions and ample space for a conducive business and retail environment. With ample parking lots and guest car parks, the Paragon is an inviting business, educational and residential hub. An architecturally distinct development in the vicinity of Cyberjaya, the Paragon offers a panoramic view of the adjacent lakeside and Cyberjaya skyline from its 5-acre rooftop garden. At the Paragon, retail and residential are interconnected via escalators and lifts, providing convenience and a one-stop living experience. The development promises facilities that include a lap pool, a sun deck, fully equipped state-of-the-art gymnasium, sauna, changing rooms and beautifully manicured garden terraces. Developed by Wawasan Rajawali Sdn Bhd, the Paragon offers attractive incentives for discerning buyers that include the Developer Interest Bearing Scheme (DIBS), free legal fees for SPA and loan documentation, as

The Solstice Lifestyle Serviced Apartment features thematic decks at every four interval level, making it an ideal getaway and communal spot for leisure and relaxation. All duplex suites are designed and positioned to take in the breath-taking view of the central park with access doors at the upper floors for convenience. The state-of-the-art gymnasium and changing room can be found at level 7. The podium at level 8 comprises a pool deck, where residential suites at this level are entitled to their privacy by way of raised floors, up to 1.5m from the pool deck. Other facilities on level 8 include a children’s pool, a 50m lap pool, a sunken sofa, cascading pool, sun beds, a barbeque pit and common toilets. Levels 36 and 40 feature a sky deck, alfresco deck, squash courts and a par court. The corridors are well lit with ample natural lighting and excellent cross ventilation. The fully furnished freehold suites at The Solstice Lifestyle Serviced Apartment comprise built-up sizes measuring 450 sq ft, 893 sq ft and 980 sq ft in size with one, three and 2+1 bedrooms. Each unit is allotted one to two parking lots. The Solstice Lifestyle Serviced Apartment is also another prestigious development Wawasan Rajawali. The developer is offering attractive incentives to discerning buyers that include an easy ownership RM8,888 rebate (selected units only), a 7% Bumiputera discount, low down payment scheme, DIBS, free legal fees for SPA and loan agreement and Maybank EzyPay schemes.

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Pan’gaea Commercial & Residential

Convenient Living In A Strategic Locality The Pan’gaea and its developments are surrounded by various amenities and conveniences that include commercial businesses, transportation hubs, educational institutions and major road networks. It is about a 10-minute walk to Multimedia University, the Cyberjaya University College of Medical Sciences, ELC International School and MNCs such as HSBC, DHL, BMW, IBM and etc. For those who need public transport, a bus terminal is located just 10 minutes away from the development. The development is also easily accessible via the Maju Expressway, the DamansaraPuchong Highway, the North-South Expressway, the Elite Highway as well as the B15 and Putrajaya Link. The development is within easy access to other mature townships that include Puchong, Seri Kembangan, Putrajaya, Kajang and Bukit Jalil. To experience the ‘World In One Place – Pan’gaea’, contact (603) 8318 6366, (6019) 222 7138 or visit www.pangaea.com.my.

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1 Pan’gaea 2 Thematic Deck in Solstice 3 2+1 bedroom duplex suite living hall 4 State-of-the-art gym

LOCATION MAP

iProject Listing

TRAVELING DISTANCE: KLCC Puchong Petaling Jaya KLIA

GPS COORDINATE: N2˚55’21” E101˚38’12”

LDP EXPRESSWAY

>> >> >> >>

LimKokWing University

MEX HIGHWAY

34km 17km 29km 28km

From Puchong

From KL

PERSIARAN UTARA

To Putrajaya

Putrajaya & Cyberjaya KLIA Transit Station

From North South Expressway Central-Link

ELC International School University Multimedia Malaysia

CBD

IBM MSC Innovation Centre

HSBC

NTT Cyberview Lodge Resort & Spa

Shell

PUTRAJAYA

Developer: Wawasan Rajawali Sdn bhd 9th Floor, Plaza OSK, Jalan Ampang Ampang 50450 Kuala Lumpur. Tel: (6019) 222 7138 / (6017) 206 2318 Fax: (603) 7728 2269 / (603) 2161 3327 Website: www.pangaea.com.my

Cyberjaya Smart School Complex The Street Bus Terminal/ Proposed Mall LRT Station

BMW

DHL

MDEC

Maybank/ CIMB

PERSIARAN TASIK

PERSIARAN MULTIMEDIA B15 HIGHWAY

@ cyberjaya

TM Net Ericsson

Cyberjaya University College of Medical Science

PERSIARAN APEC

Pan’gæa

PUTRAJAYA RING ROAD

CYBERJAYA Cyberjaya Community Sports Complex PERSIARAN BESTARI

Cyberjaya Lake Garden

MEASAT

QuickPro No: NC2119 Project Name: Pangaea SOFO Suites & Retail Offices City: Cyberjaya, Selangor Property Type: Soho Tenure: Freehold Built Up: 650 – 1,400 sq ft Listing Price: From RM411,800

PERDANA LAKEVIEW Sekolah WEST

Seri Puteri

PERDANA LAKEVIEW EAST

PERSIARAN RIMBA PERMAI Dell

From KLIA

PUTRAJAYA LAKE

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The Cyberjaya Story

A World-Class Education Hub Skilled k-workers are in great demand especially in the ICT industry, and Cyberjaya’s educational facilities are more than ready to provide. By Ong Xin Ying

1 As a world-class ICT hub, Cyberjaya has drawn numerous local and international companies into its fold since the township was first established. As with all knowledge-based industries, these corporations needed a workforce that had the specific knowledge and skill sets that they required – a need that had already been foreseen and incorporated into the master plan of Cyberjaya.

the Limkokwing University of Creative Technology and the Cyberjaya University College of Medical Sciences (CUCMS). Over the years, a number of other tertiary education institutes have also taken up residence in Cyberjaya in order to contribute to the pool of skilled k-workers that the ICT companies need. Two more are to begin operations in 2013, with one being the Islamic University of Malaysia.

The first university established in Cyberjaya was Multimedia University, which is also Malaysia’s first private university. The township’s two other tertiary education institutes which followed suit were

These institutions have also contributed to the creation of opportunities for research partnerships, as well as education-based arrangements with the multinational and local corporations in the township.

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Altogether, the three international status universities and two colleges currently in operation have an existing combined student population of roughly 18,000 – a number that is expected to rise further in the next 10 to 15 years.

knowledge-based economy, there was an understanding that liberalising higher education would be necessary. This is where MMU came into the picture. Recounting the history behind the relationship between the university and the township, MMU’s President and CEO Prof. Dato’ Dr. Muhamad Rasat Muhamad explained that MMU started in Malacca in 1997. Two years later, MMU was also set up in Cyberjaya to supply the human capital it needed. From the moment it was established in the township, the university has been producing the skilled graduates that were sought after by the MSC-status companies within and beyond Cyberjaya. Presently, MMU graduates account for approximately 15% of Cyberjaya’s workforce while the rest are employed by firms in neighbouring areas. According to him, MMU served as one of the main catalysts for Cyberjaya’s growth, particularly due to its position as one of the township’s pioneers as well as a vote of confidence for ICT companies coming into the township and Malaysia. The university’s presence encouraged the development of its surrounding areas, mostly in the form of businesses supporting the university.

Aside from these universities, Cyberjaya has several primary and secondary schools such as the Seri Puteri Boarding School. There are even plans to add an international school to the mix as a place where the children of the expatriates and foreigners living and working in Cyberjaya can be enrolled. Multimedia University (MMU) The first university established in Cyberjaya, Multimedia University (MMU) also holds the prestigious honour of being the first private university in Malaysia. As Cyberjaya was developed with the goal being to serve as the spearhead which would drive the country into fully embracing a

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SPECIAL FOCUS |

The Cyberjaya Story

Limkokwing University of Creative Technology First established under the name Limkokwing Institute of Creative Technology, the institute was tasked with enabling technology transfer in the field of creative education. Over the years, it has built a valuable network that included well-established and reputable educational institutions in countries such as the United States, Australia and the United Kingdom. In 2002, the institute was recognised as a university college, becoming the first private college to receive the honour. It went on to expand its role by making Malaysia’s formal entry into the k-era a priority. Part of this effort included the establishment of the Malaysia Design Innovation Centre, which served as the university college’s R&D arm. Following its success, the university college moved into its new campus in Cyberjaya in 2003 and gained full-fleged university status in 2007. It continued to drive the development of the industry, particularly via the incubation of business units where its students from different disciplines came together to create a business based on their lifestyle. Limkokwing University of Creative Technology is seen by many as a primary driving factor and influential force behind the growth of Malaysia’s education system. This is largely due to the fact that the institute introduced new studies based on industry requirements and global trends, ensuring that these courses would be relevant in the current age, as well as

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serving as a means of anticipating the future needs of the country. Cyberjaya University College of Medical Sciences Cyberjaya University College of Medical Sciences (CUCMS) was developed as a response to the Malaysian government’s goal of improving the level of healthcare in the country through modern educational technology, as well as the training of individuals in the field of medical sciences. As such, the institute was officially established on 23 October 2005 in order to help fulfil this objective. Upon its founding, CUCMS was given a core mission: ‘serve the people of the nation through national distinction in health sciences education, research, public service and clinical care’. The other purpose behind its creation was to bridge the gap between the supply of qualified and high-achieving students seeking to study medical sciences and the limited amount of placements available in tertiary education institutes that offered such courses. Taking its name from Cyberjaya where it is located, CUCMS is presently working towards its goal of earning international standing, as well as becoming a leading medical institution in the Southeast Asian region. The university college prides itself with its practice of going a step beyond the traditional education and training methods used for aspiring medical professionals, particularly by placing the focus on creating a student-centred curriculum. It also

prioritises teaching its students to balance the technological and human aspects of medicine, a sentiment which is reflected in their motto ‘Nurturing the Passion to Care’. Kirkby International College Kirkby International College was the brainchild of the founders of Internexia College who were passionate about learning and sought to promote learning. Having moved from the United Kingdom in 1996, they have devoted their time and energy to the development of programmes aimed at teachers who would encourage learners and learning in general. The college’s aim is to produce teachers capable of providing their students with learning experiences that would enrich their intelligence and enhance their capabilities as well as endorse the practice of lifelong learning. It works along the understanding that for students to succeed and flourish, their teachers had to be able to provide them with the necessary stimulus that would encourage their pursuit of knowledge and development of talent. One of Kirkby International College’s selfprofessed top priorities is the exploration of the many ways that technology change and be used to improve the teaching methods used to educate the next generation of Malaysians. True to its position as a reputable educational institute in Cyberjaya, it seeks to build the country’s online bank of teaching and learning resources as well as a virtual learning environment for the collaboration and sharing of learning. Cyber Putra College Founded in 2009, Cyber Putra College is a private institute of higher learning wholly owned by Cyber Putra College Sdn Bhd. It has since positioned itself as a niche market boutique college, with its focus being on unique courses that were widely different from mainstream offerings that are in demand. The college has the distinction of being the first college in the country to develop courses for the requested industry. Its covered fields include allied medical/ health, pharmaceutical and manufacturing programmes, public policy management, as well as humanitarian and other related

programmes, with its focus being primarily on allied health and social enterprise management. Universiti Malaysia of Computer Science and Engineering (UniMy) A new addition to the educational sector of Cyberjaya, Universiti Malaysia of Computer Science and Engineering (UniMy) is the country’s first boutique university that is focused on providing specialised computer science and engineering education. It was launched on 31 January 2013 and established in accordance with the Higher Education Transformation Programme under the New Economic Model with the purpose of producing the market-ready computing professionals and talents that are in such great demand by the industry’s players. The Vice Chancellor of UniMy, Professor Datuk Dr. Halimaton Hamdan, said, “Tasked to bridge the gap between demand and supply for highly skilled IT personnel and professionally trained graduates in the next 10 years, UniMy takes a new approach in higher education by creating a ‘best of breed’ ecosystem by working in partnership with global technology companies including Microsoft, IBM, EC Council, Dell, Huawei and Autodesk.” A sign of its future promise is the collaboration agreement the university has signed with the Melbourne School of Engineering, which is part of the University of Melbourne, Australia’s top university. The agreement is expected to expand in the future to include the development of UniMy’s faculty members, learning space and the Innovation and Commercialisation Centre. The university currently operates from a temporary campus within the Multimedia Super Corridor in Cyberjaya. Plans for a permanent campus in the proposed Cyberjaya City Centre are already underway with an expected completion date of 2016.

1 Universiti Malaysia of Computer Science and Engineering 2 MMU’s President and CEO Prof. Dato’ Dr. Muhamad Rasat Muhamad 3 Limkokwing University of Creative Technology

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SPECIAL FOCUS |

The Cyberjaya Story

Source: Cyberview Sdn Bhd

An Urban Cornucopia In its quest to become a livable city, Cyberjaya has been offering its residents a growing list of facilities and amenities. By Marc Jitab Over the past 15 years, Cyberjaya has been the focus of a massive undertaking to epitomise modern, technological Malaysia. As a result, developers have been cognisant to build in such a way as to emphasise the urban functionality that caters to a generation of discerning city-dwellers with contemporary whims and fancies. Cyberview Resort and Spa Both residents and visiting urbanites would be pleased to encounter the Cyberview Resort and Spa, a 5-star tropical refuge that satiates every request and demand. After all, it was the venue chosen to host various world leaders during the 1998 APEC Summit, a testament to its quality and renown. The resort is sprawled across 28.8 acres of manicured grass and landscaped gardens where 74 spacious chalets, suites and bungalows cocoon its priviledged guests. Its denizens will be pleased to find that the

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resort accurately reflects its locale as it has Wi-Fi coverage throughout the resort, keeping guests connected during their stay. Of course, one would be remiss to underscore how much Cyberview Resort and Spa lives up to its name when its nearby Sembunyi Spa has been recognised as one of the best spas in Asia. Winner of the Best Spa Concepts and Best Spa Experience Platinum Awards 2005/2006, Sembunyi Spa blends traditional Jamu and contemporary treatments to pamper one’s body and face and melt away every bit of stress through its capable masseuses. Cyberjaya Lake Gardens The Cyberjaya Lake Gardens is a 400-acre ‘green lung’ within Cyberjaya. Approximately 86 acres of the land has been developed with facilities including a visitor’s information centre, boardwalk, look-out tower, children’s playground, 15 acres of main lake and 29 acres of natural and wetland.

The lake is popular amongst the local community and many community events, including fishing competitions, have been held there. For instance, the Cyberjaya 50th Merdeka Carnival Celebration, held in September 2007, attracted more than 4,000 anglers and it was registered as the biggest fishing competition by the Malaysia Book of Records. Cyberjaya Community Club  To fulfil their recreation needs, residents of Cyberjaya can hop over to Cyberjaya Community Club, a hub of vibrant activity where one can engage in sporting activities to no end, as there are at least 14 physical activities to choose from. Those with a sense of adventure or looking for something exhilarating could head on over to the Paintball Park to take part in or spectate over paintball skirmishes that challenge both body and mind when deploying strategy to win the game. Designed by paintballers for paintballers, both newbie and professional paintballers can bond with their friends over a game or two, providing a welcome change when hosting birthday parties and the like. Alternately, one can also choose to play more traditional sports at such as badminton, futsal, bastketball, squash and

tennis, or forge new experiences at the Cyberjaya Circuit on go-karts or mini bikes. Commercial Offerings For more options on eateries, resident of Cyberjaya can head over to the Street Mall. A garden is built within the mall and it is also the site of two bazaars that are open on Tuesdays and Thursdays where local and regional delights are traded. The more recent Shaftsbury Square, on the other hand, has 145 commercial outlets at the ready for one to explore. Others include the newly completed Glomac, Prima Avenue 1 & 11, Neo Cyber, and CBD 1 & 2. Upcoming Amenities In the near future, neighbouring Vita Mall will boost the retail offerings of the area whereas the upcoming d’Pulze integrated development will provide almost 400,000 sq ft of dining, leisure and entertainment space with an alfresco dining area, TGV cineplex, Jaya Grocer supermarket, U Bowl centre and gym slated to be located there. Other developments in the pipeline include Galleria, Sky Park by MCT Bhd, CBD Perdana 3 by Setia Haruman Sdn Bhd, Cetrus Mall, Garden Plaza by the Mah Sing Group, Pan’gaea by OSK, and Autoville by the EMKAY Group.

Source: Cyberview Sdn Bhd

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BONUS READ |

Retirement Villages

Retirement Villages: A Growing Phenomenon? The Malaysian society has yet to embrace the idea of retirement villages. However, that is about to change soon. By Caroline Chan

1 The prospect of relocating to a retirement village in one’s twilight years is not an option many Malaysians would consider. Here, the extended family tradition is widely practised with pride as it is equated with filial piety. However, the current perceptions and cultural norms of society are evolving as affluence grows and the adoption of western ideals becomes more acceptable. There is a growing ageing population in Malaysia, and the need for equipped homes in fully facilitated communities, which allow the elderly to lead independent and dignified lives, has to be addressed. According to the Department of Statistics, 7.5% of the population, or 2.2 million people, will be aged 65 years and above by 2020. Retirement villages, which are designed to meet the needs of seniors, be they physical, social

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or psychological, will ensure the preservation of quality of life for them during the different stages of retirement. Although there may be variations to the model, a retirement village is primarily defined as a fully managed residential estate with independent homes equipped with medical and recreational facilities for the independent elderly who wish to live in a community. This retirement concept is very much aligned with the western lifestyle where independence rather than interdependence is encouraged. In many European countries as well as in Australia and the United States, the retirement village is a mature concept and is viewed as part of a natural progression in one’s lifestyle. In Malaysia, the retirement village phenomenon, if it can

be described as such, is very much at its infancy. Until June last year, when Jeta Care, part of the well known Australian Jeta Gardens retirement village, opened in Kulai, Johor, there was on record, only one retirement facility operating in Malaysia – the Sri Seronok Retirement Village located in Cheras, which is part of the Catholic Archdiocese’s Community Service Programme. It is an initiative comprising of over 30 single storey independent homes and is managed by a small team without the provision of any nursing care. The Green Leaf Retirement Resort Community in Sepang is yet another upcoming development for the elderly. It is of interest to note that this luxurious waterfront retirement village next to Sepang Gold Coast is being developed by a group of retired professionals and managers who obviously believe

in the concept and its relevancy for a progressive society. The development of Platinum Residence in Iskandar Malaysia by Malaysia Pacific Corp, as well as announcements such as Sime Darbyâ&#x20AC;&#x2122;s plans for retirement care in its Vision Valley, and healthcare provider KPJ Healthcareâ&#x20AC;&#x2122;s indicated interest in setting up retirement homes near its hospitals, augur positively for the growth of the retirement village phenomenon in Malaysia. Although there appears to be some interest in retirement villages by developers as well as the more informed members of the public, there is still much hesitancy amongst developers to explore its commercial viability at this point. The lack of cultural acceptance and public education on the benefits of retirement villages serve as drawbacks to developers wishing to pursue its potential. The shortage of specialised talent in geriatric care and in the overall management of facilities for the

2 aged in the country is another factor that weighs heavily against the growth of this niche development. Some Malaysian developers have taken the safer route by building inter-generational homes which are ideal for extended families. These homes house two master bedrooms and have dual entrances and complement the lifestyle of many Malaysian families today where grandparents are often involved in the upbringing of their grandchildren. Inter-generational homes allow for family members of different generations to support one another whilst ensuring they enjoy the privacy that they need. Although relatively a new phenomenon, retirement villages is a concept with much potential for growth in Malaysia. There are several push factors, however, that have to be first set in motion.

Government participation in both promoting the concept as part of the Malaysian lifestyle and in partnering developers to plan for different types of retirement villages that appeal to a cross section of segments is a key contributing factor. The correct

positioning and marketing of the villages also plays a vital role in growing its traction amongst more discerning Malaysians and international investors. The number of expatriates choosing to retire in Asia, particularly in Malaysia where the cost of living is lower, is going to increase. The Malaysia My Second Home Programme (MM2H), with incentives for silver haired participants, presents much opportunity for developers. Singapore, which has the second most aged population after Japan, also offers a ripe pool that developers can tap into. The market for retirement villages in Malaysia is certainly looking very positive with a high chance of experiencing phenomenal growth in the coming years, especially as demand increases both from within the country and internationally.

The Green Leaf Retirement Resort Community in Sepang 2 The Green Leaf Retirement Resort Community is being developed by a group of retired professionals and managers 3 2.2 million Malaysians will be aged 65 years and above by 2020

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INTERIOR DESIGN |

Damansara Foresta

Living A Life of Comfort Damansara Forestaâ&#x20AC;&#x2122;s Type A and Type B show units set the mood for comfortable living.

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5 3

Home decoration and planning has always been about setting an ambience of comfort and a ‘welcome home’ feel. The choice of colours, pieces of furniture and ornamental touches speak volumes about a homeowner’s character, personality and preferences. Type A Show Unit One such home that sets the mood for comfortable living is Damansara Foresta’s Type A show unit. The unit’s lounge bears soft colours that blend well with the earthy tones of the furniture. The windows are softly shielded by full length drapes that are light and allow a filtered flow of sunlight in, thus giving the room a sense of warmth and brightness that does not overpower the calmness of the atmosphere.

1 2 3 4 5

Type Type Type Type Type

A A A A A

Living area Dining area Children’s bedroom Master bedroom Study room

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INTERIOR DESIGN |

Damansara Foresta

The simple yet elegant furnishings are carefully arranged to accentuate the spaciousness of the room. Glass partitions not only offer a contemporary look, but also play a practical role in giving the room character. A small reading and work corner is hidden away behind the glass partition, which creates a private space within the home for peace and quiet whilst reading or working. The small space comprises a sofa, a glass study or work table, a chair and a square carpet to set the mood. The practical wall shelves, on the other hand, provide ample space for books as well as decorative pieces. The lounge area flows smoothly into the dining area with its subtle blend of colours and symmetrical furnishings that complement each other. The use of downlights across the plastered ceiling provide ample lighting. The full length mirror on the wall creates a sense of spaciousness.

As in most Asian homes, a wet kitchen is a necessity and Type A has an ideal L-shaped kitchen with cabinets lining the walls. The use of white, black and grey lends the kitchen a clean look. The space in the master bedroom is well distributed between a large double bed, full length mirrors on the wall along the headrest and a dressing table neatly set against the mirrored wall. The floor-to-ceiling window allows a steady stream of light and fresh air into the bedroom, thus giving it a cosy yet cooling atmosphere. The use of light colours on the walls and ceilings accentuates the roomâ&#x20AC;&#x2122;s potential. Type B Show Unit Damansara Forestaâ&#x20AC;&#x2122;s Type B show unit is indeed an epitome of contemporary style

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fused with practicality and simplicity. Upon entering the unit, one gets a soothing feeling with the earthy colour tones and aesthetically pleasing design lines and lighting. The lounge or guest area is set with a mix of modern and classic pieces of furniture that include a fabric upholstered armchair, a leather sofa flanked and a futuristic looking coffee table taking pride of place in the centre of the sitting room.

6 Type B - Master bedroom 7 Type B - Living area 8 Type B - Dining area

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INTERIOR DESIGN |

Damansara Foresta

9 The sheer drapes filter light into the room whilst offering an unhindered view of the lush greenery of the surroundings. The plaster ceiling above the lounge features a segmented square design accompanied by hidden lights and down lights, setting a rather romantic ambience. The textured walls behind the sofa, complemented by simple yet artistic ornaments, add character to the room. With various blends of brown, beige, black and silver trimmings, the dining and kitchen area add a touch of class to the unit. Meanwhile, the mirror on the side wall of the breakfast bar gives the illusion of a larger room. The master bedroom is a beautiful space with low lighting and elegant decoration to set the mood for the night. The large double bed is set against a mirrored wall and dressed in brown bedding linens. The windows bear romantic scallop drapes in brown to match the ambience of the room, whilst the low overhanging

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9 Type B - Bathroom 10 Type B - Living area 11 Type B - Study room

chandelier exudes a dim light for a peaceful atmosphere. The master bathroom is a simple ensemble of white and beige that exude a resortlike feel. There is a large bathtub, double washbasins, an attractive table top and ample storage under the sinks. The home also has a quite reading and study corner decorated with simple design lines that include a divan with throw cushions, a study table and a lamp shade for ample lighting whilst working and reading.

Overall, both the show units at Damansara Foresta ooze a modern charm, practical living standards and stylish design lines.

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CONTRIBUTOR |

Joey Yap

Feng Shui for Realtors A little knowledge in Feng Shui can give real estate agents an edge over their competitors and help them stand out in front of potential clients. In the past few years, there has been a drastic but necessary makeover in the local property market. The sale of properties no longer consist mainly of purchases for oneâ&#x20AC;&#x2122;s own use. In fact, the market itself is booming with property investments where the buying and selling of property has taken an integral spot in the lives of many.

So precisely where and how does Feng Shui fit into this multi-million dollar industry? As more and more people discover the advantages of applying and having positive Feng Shui in their home, it is also beneficial for realtors themselves to know what it is all about and how it can be used.

As with all potential and profitable industries, the competition is highly intense with numerous players operating within the same market. This means that differentiating a realtorâ&#x20AC;&#x2122;s approach and market strategy could prove extremely beneficial, as this separates the winners from the losers.

Not only does this help make the properties they market more Feng Shui oriented and appealing, these realtors may also enjoy a shorter closing process, obtain more referrals, have an edge over their competitors and, more importantly, see an increase in their income.

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The more adept you are in the art of Feng Shui, the faster you can embrace the fact that our living environment provides a powerful potential that can manifest a greater balance in our lives. This way, it is not necessarily a far fetched concept for one to grasp if they wish to adorn their living environment with harmonious and rejuvenating energies, which they could happily benefit from in both their own abode or in the property market, such as in the case of realtor agents. The importance of this knowledge should not solely be for financial reasons. As there is no such thing as the perfect Feng Shui, every realtor should know that this knowledge could help them, as maintaining a balanced nature in the environment requires them to bring forth their own positive energy as well. This is in addition to helping them sustain a desirable level of energy in the property and also to identify the property’s strengths and weaknesses, thus leading to its potential and solutions. Location is extremely important in the property market, so much so that it bears repeating thrice! The same understanding fits into other Feng Shui applications as well, but it is important to note that while interior Feng Shui can be changed and altered to suit the flow of energy internally, the same cannot be said about its external counterpart. This further highlights the importance of having sound and applicable Feng Shui knowledge on hand. With the latter, not only can you identify a property’s imperfections, you can also advise your clients on the best method to counter and minimise any flaws

by applying appropriate Feng Shui measures around the property. Arming yourself with the right Feng Shui knowledge also provides you with another advantage: the ability to apply water features correctly in your home. Water is a noted element in any property’s Feng Shui as its harmonious flow mirrors the swirl of invisible Qi movement around us. But one, especially a realtor, should be mindful while manipulating this unpredictable element. Posing as a doubleedged sword, it can either bring you an abundance of wealth or drain away your fortune, if it is not installed or applied in the right way in your home. Above all, there is one thing you should always bear in mind when it comes to maintaining a water feature in your home; like life itself, it must be constantly flowing and circulating. If this powerful knowledge is applied in the right manner, water can give you an edge over your competitors and help you stand out in front of your potential clients which, considering the competitive nature of the real estate industry, is extremely important. The rule is really simple. Acquire good Feng Shui properties, identify their strengths and weaknesses, improve existing real estate values, remedy poor Feng Shui, enhance their Qi, capitalise on their auspicious energy, and create spatial harmony and balance, all the while attracting blessings and good fortune once you identify the right buyer, and then magnetise prosperity to command top dollar and top-notch reputation – all these with just a little knowledge in Feng Shui.

Joey Yap’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

The Simplified Housing Loan Agreement (Part 1) Standardising and simplifying housing loan documents is a step forward towards providing greater protection for house buyers. Kudos to Pemudah (special taskforce to facilitate business), Bank Negara Malaysia (BNM) and the Association of Banks in Malaysia (ABM). The move to reign in rogue banks, financial institutions (FIs) and development financial institutions (DFIs) is an excellent one. The National House Buyers Association (HBA) views the recent standardisation of loan agreements for housing loans below RM500,000 in a positive light. For many years, HBA has been calling for greater protection for house buyers when they buy from developers and for borrowers when taking a housing loan. As a typical housing loan ranges between 20 and 30 years, borrowers are stuck with the terms and conditions (T&Cs) of the housing loan for a very long time. Unfortunately, most borrowers do not really understand the T&Cs of the housing loan as: (i) The loan agreements are very lengthy, running between 20 and 30 pages long; (ii) The loan agreements are filled with legal terms and jargons that even borrowers with a law degree may need to refer to their legal dictionary.

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Even for borrowers who are law-savvy, the loan agreement is a one-way traffic. The borrower must accept all the T&Cs or find another bank, as the banks will not agree to vary any T&Cs. However, the scenario is the same for all banks and borrowers are at their mercy (banks in this context include FIs and DFIs). Another grave injustice is that the cost of legal fees for the said housing loan is borne by the borrower although the lawyer is, in fact, representing the banks, on its panel and is in no position to advise the borrower.

The borrower will be required to appoint his own lawyer should he require any legal advice on the housing loan. However, this will be futile as the banks will not agree to vary any T&Cs of the loan agreement. Standardised Loan Agreement HBA has been urging banks in Malaysia to be fair and more transparent in their dealing with borrowers who apply for housing loans. Hence, credit must be given to participating banks for finally agreeing to adopt a standardised template for housing loans with simplified language which is easy for the layman to understand.

• Hidden clauses that impose various hidden charges and penalties such as late payment charges on borrowers. Based on its preliminary assessment, HBA views the standardised loan agreement in positive light and urges the banks and BNM to further improve the following areas: ¥ Remove the RM500,000 cap HBA calls for the RM500,000 limit for the standardised loan agreement to be removed as the agreement should be applicable for all housing loans regardless of the amount, as the nature of the loan is the same.

Based on HBA’s quick analysis of the standardised loan agreement, which can be downloaded from the website of the ABM (www.abm.org.my), the agreement does appear to contain less legal jargons and is written in a manner that is easier for the borrower to understand.

Already most landed properties in areas such as Puchong and Kota Damansara are in excess of RM500,000, and even strata properties in locations such as Bandar Utama and Ara Damansara are already in excess of RM500,000. Why not extend the coverage to all housing loans per se?

The standardised loan agreement also does away with unnecessary and ridiculous restrictions that certain banks previously imposed on borrowers who apply for housing loans such as:

¥ All industry players must adopt the standardised loan agreement It would appear that the standardised loan agreement is being used by certain participating banks on a voluntarily basis and not all commercial banks which give out housing loans are adopting this agreement.

• Borrowers cannot rent out the property without the consent of the banks. • Borrowers cannot undertake any renovation without the consent of the banks.

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CONTRIBUTOR |

HBA

Why is this the case? BNM should compel all commercial banks to adopt the standardised loan agreement. In addition, non-banking institutions that give out housing loans, such as DFIs and insurance companies, must also be compelled to adopt the standardised loan agreement should these institutions want to continue giving out housing loans. Why are the house buyers not offered similar protection here? The non-members of the ABM, such as DFIs, include Bank Islam, Bank Muamalat, Bank Rakyat, Agro Bank, Bank Industri, Bank Simpanan Nasional and EXIM Bank, which are formulated under their respective legislations.

HBA is calling for banks to be prohibited from charging borrowers any fees when they request for statements to facilitate repayment, refinancing or to make EPF withdrawals to reduce their housing loan. Some banks are already charging RM10 for a ‘reprint’ of a bank statement on current accounts. Can you imagine a situation where the customer has not received his monthly bank statement for whatever reason and still has to pay RM10 for a reprint of his own bank statement?

*This is Part 1 of a two-part article. Part 2 will be published in the next issue.

¥ Remove unnecessary fees and charges imposed on borrowers Certain banks currently impose unnecessary fees and charges on borrowers when they request for bank statements, which are needed when they want to settle/refinance their housing loans, or when making EPF withdrawals to reduce their housing loans. While the fees of up to RM50 may not seem much to some people, it is still an exorbitant amount as it costs the banks next to nothing to produce such statements. Moreover, it is the borrowers’ right to settle/refinance their housing loan and/or to make EPF withdrawals to reduce their housing loan. A bank statement showing the outstanding principal sum is required to facilitate such transactions. By imposing fees of up to RM50 to prepare such simple statements, these banks are blatantly taking advantage of their customers as they have no choice but to pay the fees just to ensure that the transaction goes through.

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

A borrowing blind spot Borrowers are often unclear about the differences between an interest payment and the interest rate.

Home ownership is a basic need and often the culmination of one’s dream. It is a symbol of financial security and stability won by hard work and savings. The process of buying a home is both a thrilling and exhausting experience, but with the help of the right real estate agents and some useful tips, you can own a beautiful and affordable home. Property prices in certain areas have risen quite steeply in the past two years. However, it seems that the price increase has begun to slow down since the government implemented several policies to cool down the market. This has resulted in real estate agents experiencing one of the lowest level of transaction activities in recent times due to the impact of the government’s new policies, especially when Bank Negara Malaysia tightened its borrowing policy. Current market conditions have greatly reduced opportunities to ‘flip’ properties, and buyers are now becoming more alert

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when making a property buying decision. In addition, unlike previously, buying properties with a housing loan is becoming a common practice. As a home buyer, you have to fully understand the terms of your mortgage and choose a home that you can honestly afford. Buying a home is a momentous occasion full of joy and achievement. It is also one of the most significant financial investments you will ever make. You need to fully understand your mortgage terms and read every document you sign with your lender. Check with your lender if you have any queries arising from the documents. Avoid making any assumptions if you have any queries on certain terms in the loan document because you are liable for the documents you signed. If you default, your loan may end up falling under the nonperforming loan category.

Since 2008, lenders have been promoting flexi loans that give borrowers the flexibility to pay off their loan faster and save on interest. Some financial advisors may encourage the borrower to pay extra regularly or make a lump sum payment to reduce the interest. Borrowers are often unclear about the major differences between interest payments and the interest rate. I call this a borrowing blind spot. Suppose you currently spend RM40 a month to buy 10kg of rice at RM4 a kg. Your spending could be reduced to RM20 a month if you purchased only 5kg, or if the price was reduced to RM2 a kg. If someone told you that these were ways to reduce your rice spending, you would pass it off as nonsense. However, when the same argument is made for mortgages, you are not so sure. The interest rate on a mortgage is the price of money, which is analogous to the price of rice. The interest payment is the rate multiplied by the amount borrowed, just as spending on rice is the price of rice multiplied by the amount purchased. What makes the mortgage a little different is that the â&#x20AC;&#x2DC;amountâ&#x20AC;&#x2122; has two dimensions: the initial loan amount and how long you have it for. But this does not affect the basic principle which is obvious in the case of the rice; reducing interest payments by reducing the amount borrowed is very different from reducing interest payments by reducing the interest rate. Here is a simple illustration. Say you borrow RM200 for two months at 1% a month. At the end of the first month, you pay RM2 in interest. The interest payment is calculated by multiplying the interest rate by the loan balance (RM200 x 1% = RM2). During the second month, you again pay the RM2 interest, along with the loan balance of RM200. The total interest payment on this loan is RM4. Interest Payment Reduction 1 (reduce loan size): Reduce the loan amount to RM100. The interest payment is now RM100 x 1% = RM1

for the first month, and another RM1 for the second month, for a total of RM2. Interest Payment Reduction 2 (reduce tenure): Shorten the same RM100 loan to one month. At the end of the month, you pay RM101, with an interest payment of RM1. Interest Payment Reduction 3 (reduce interest rate): Reduce the interest rate on the RM100 loan to 0.5% a month. At the end of the month, you pay RM100.50, with an interest payment of RM0.50. In Case 1, the interest payment is reduced by taking a smaller loan; in Case 2, by

borrowing for a shorter period; and in Case 3, by paying a lower interest rate. However, only Case 3 provides a clear benefit to the borrower. In the other two cases, the borrower pays less because he receives less. The amount borrowed on a mortgage depends on the initial loan amount, and on how long you have it, which in turn depends on how rapidly you repay it. Thirty-year mortgages that convert to a flexi payment plan allows one to make extra monthly payments. As such, this allows one to pay off the loan more quickly, thus reducing total interest payments.

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CONTRIBUTOR |

AceScube

The flexi loan thus corresponds to Case 2, where the payment is lower because the borrower has it for a shorter period. If the borrower make a lump sum payment to reduce the interest payable, it refers to Case 1 where the borrower receive a smaller loan amount. There is nothing wrong with Case 1 and 2 if you understand what you are getting for your money. Your interest payments decline because you reduce the amount borrowed, but that is not equivalent to reducing the rate. Furthermore, it depends very much on your discipline on making extra repayment. In my experience, besides sourcing for an offer with a lower interest rate from lenders (the interest rate is not decided by the borrower), paying your housing loan with an accurate repayment amount is an effective way to slash interest. You cannot change the loan interest and tenure, and throughout your loan tenure, the interest rate may differ from the fluctuation of the Base Lending Rate (BLR). What you can do to reduce the interest? What you can do to settle the loan earlier while the BLR remains low (the current BLR is 6.6%) to avoid paying a high interest versus when it was at 12% p.a. as per record?

An accurate repayment schedule works well against the impact of BLR fluctuation as it ensures that the borrower pays with the right amount of principal to slash the interest rate by 50%. Even if the borrower reduces the loan size, this does not reduce the interest accordingly throughout the repayment tenure due to the BLRâ&#x20AC;&#x2122;s fluctuation.

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

Loan Amount: RM258,000 Monthly Repayment: RM1,138 Current Outstanding Balance: RM254,900 Balance Tenure: 425 months Balance Payable Interest: RM227,454 Effective Interest @ 4.1% Interest Saving Method

Lump Sum Payment Monthly Extra Payment @ 10%

SIM

Total Payable Interest

Balance Tenure (Month)

Total Payable Interest

RM10,000

RM198,661

390

RM237,800

RM100

RM186,330

357

Accurate Payment Amount

RM113,874

213

* The above chart is only for reference.

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Effective Interest @4.4% Balance Tenure (Month)

Diff by BLR + 0.3%

Interest

Tenure (Month)

425

RM39,139

+35

RM220,796

385

RM34,466

+28

RM123,526

213

RM9,652

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CONTRIBUTOR |

Chan Ai Cheng

Businesses moving forward in PJâ&#x20AC;&#x2122;s Section 13 Section 13 in Petaling Jaya is showing a huge growth potential as it transforms into a service oriented commercial and business area. Commercial entities should seriously consider establishing their businesses in Section 13 in Petaling Jaya, as the area is currently experiencing an urban renewal. The latter is driven by the growth, progress and development of the communities surrounding Section 13. Furthermore, the construction of the Kinrara-Damansara Expressway (KIDEX) near Section 13 should

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enhance its status as a major business park in the Klang Valley. Surrounded by established communities According to the website of the MBPJ Development Planning Office, Section 13, a 237-acre zone within Petaling Jaya, is surrounded by Section 12 (190 acres), Section 14 (321 acres), Section 16 (227 acres), Section 17 (321 acres) and Section 19 (202 acres).

Section 13 has a total of 81 residents, while Section 12 has 3,241 residents, Section 14 has 9,557 residents, Section 16 has 8,531 residents, Section 17 has 10,595 residents, and Section 19 has 6,357 residents. Given that the area is surrounded by established communities, Section 13 has the potential to grow into a vibrant business park. The population in the surrounding

neighbourhood can support business activities in the area. Transformation from manufacturing to service For many years, Section 13 has been an industrial hub that is home to major corporations such as Colgate Palmolive, Tan Chong (Nissan Cars), Diethlem, Sin Chew Jit Poh, Bosch Asia and Fuji Xerox. However, as Section 13 loses its strategic advantage as a manufacturing hub to other industrial parks in places such as Shah Alam and Klang due to traffic congestion along the Federal Highway, it has started to transform into a service oriented commercial and business area. The change in land use from manufacturing to limited commercial use would help reduce industrial pollution. Changing Lifestyles Section 13 is already home to two successful commercial developments in recent years. These are Jaya One by Tetap Tiara Sdn Bhd and Jaya 33 by Jaya33 Sdn Bhd. Jaya One is strategically located along Jalan University, making it easily accessible to the surrounding communities. It is establishing itself as the place to go for dining, entertainment and the arts in the neighbourhood. It has many bistros, bars and restaurants that are well patronised by customers.

Jaya One serves its community with its wide range of service retail outlets, including banks, post office, money changer and DIY shop to cater to household needs. It also has a wide range of health & wellness centres such as polyclinics, hair salons and a spa. Several institutions of higher learning and an arts centre make their home at Jaya One as well. This well planned commercial centre brings a new retail, entertainment and dining experience that contributes to the rejuvenation of Section 13 and its surrounding neighbourhood. Transforming Business Jaya 33 is another successful development that is located in Section 13. It is an integrated office and retail mall development that is easily spotted along Jalan Semangat, and is just a short walk from the bustling Section 14 commercial centre. Jaya 33 consists of a five-storey podium block comprising two floors of retail space and a three-level car park, with three towers sitting on the podium block. Another two towers that are being built as an extension to Jaya 33’s current three towers are almost completed. The development has been awarded the MSC Cybercentre Status, indicating that it has the broadband and infrastructure facilities to enable businesses to become more competitive.

Petaling Jaya already has a strong pool of skilled and educated workers for corporations to tap into. Furthermore, MSC-status certified companies setting up at the cybercentre would have access to incentives under the MSC Bill of Guarantees including freedom of ownership, unrestricted employment of knowledge workers, and no income tax or investment tax allowance for up to 10 years. These two developments signal the start of more developments to come that are set to transform Section 13 and its surrounding neighbourhood in the future. Improved accessibility in the future Section 13 should benefit from the upcoming KIDEX. The KIDEX project involves the construction of a 13.5km fully elevated dual twolane expressway that will link Pusat Bandar Damansara from the North Klang Valley Expressway (NKVE)’s Damansara toll plaza to the Bukit Jalil Highway near Kinrara. The highway will be passing by close to Section 13, bringing more traffic and possibly more business activities to the area. In conclusion, the matured neighbourhood surrounding Section 13, its transformation into a service oriented commercial and business area, and improved accessibility in the future, present an attractive proposition to businesses that are being set up there.

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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ADVERTORIAL |

SignatureKitchen

The Signature Experience for Your Kitchen

Looking to build a new kitchen or revamp your existing one? Surely many of us would want to be lab rats on the Oprah Winfrey Show and have her celebrity ID consultant Nate Berkus work his magic on our home? Fortunately, the solution is not as tough as it seems thanks to a simple 6-step process perfected by SignatureKitchen. Step 1 - Getting to know you The first step towards a kitchen transformation is to walk into a SignatureKitchen showroom to enjoy a cup of coffee on the house. Difficulty level: Zero! As you lean back and enjoy your cuppa, allow the kitchen consultants to study your layout plan and visualise your kitchen together with you. These specialists will try their best to get to know you, understand your needs and incorporate these into building a plan for your dream kitchen. Step 2 - The Signature Transformation Guide From here, your kitchen project goes through a trademarked process known as the Signature Transformation Guide. This

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tested and proven systematic processoriented approach involves a 2-way communication between Signature’s planners and the customer, ensuring complete adherence to each customer’s requests so that the kitchen is delivered satisfactorily. These experts would be involved in every aspect of the kitchen from start to finish, taking care of the design, advisory on plumbing, electricity, appliances, as well as crucial after-sales service to fine-tune the final product to meet every customer’s expectations. Step 3 - Timeline Every homeowner’s nightmare is when a project’s timeline goes awry. Not only does it cause a massive inconvenience, but could result in a chain effect of undesirable consequences. You may have to reschedule the delivery of appliances, delay the renovation works in other parts of the house, and worse, postpone that fabulous house warming party that you have been planning all along!

With SignatureKitchen, you have the luxury of leaving these worries in the hands of their experts, who would ensure that your project progresses according to the timeline set out from the beginning until the day of completion. Step 4 - Customising your kitchen This is definitely the most fun part of the entire process - shopping! By that we mean having a personal buyer (i.e. your SignatureKitchen planner) who would advise you on basic necessities such as the hob, hood, stove, refridgerator, oven, sink and, most importantly, storage. Next, add finishing touches to your kitchen by picking out the materials, accessories and additional features such as soft-close function for the cabinets and drawers. Step 5 - Measurements Just like how a SWAT team would parachute in for a mission, the SignatureKitchen team would zero in efficiently into your kitchen area to take the final measurements as soon as it is ready. This is done once all renovation wet-works such as tiling, plaster ceiling, skim-coating, wiring and lighting points are completed. Typically, they would be able to advice on the exact timing to execute this step for

more accurate measurements as the wetworks need time to ‘settle down’ as shrinkage may occur after plastering and tiling. Step 6 - Installation Aside from the installers from SignatureKitchen, there are also a number of industry specialists involved in the installation. Worried that too many cooks may spoil the broth? Not in this instance, thanks to the seamless coordination work by the SignatureKitchen team. One useful tip: although your kitchen installation is in capable hands, nothing beats being there in person to ensure that everything is fitted in to your liking. Transforming kitchens and exceeding expectations, now that is the Signature touch that you would not want to miss. After all, there is no harm in getting a little professional help to be the ‘host with the most’!

View SignatureKitchen’s new Facebook page at facebook.com/ signaturekitchengroup/. For more info, log on to www.signaturekitchen.com. my or call The Signature Hotline at 1800-88-0009.

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HOME SERVICES | DIRECTORY LISTINGS

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Air Conditioning & Ventilation Acson Website: www.acson.com.my Tel: 603-7964 8388 York Website: www.york.com.my Tel: 603-7718 8388 KDK Fans (M) Sdn Bhd Website: www.kdk.com.my Tel: 603-7785 5011

Air Purifiers Alen Corp Asia Website: www.alencorpasia.com.my Tel: 6013-388 1967

Oriental Wisdom Metaphysic Academy Website: www.orientalwisdom.com.my

Signature Kitchen Cabinet Sdn Bhd Website: www.signaturekitchen.com.my Tel: 603-6286 7000

Mastery Academy of Chinese Metaphysics Sdn Bhd Website: www.masteryacademy.com Tel: 603-2284 8080

Fiamma Sdn Bhd Website: www.fiamma.com.my Tel: 603-6279 8888

Local Movers Flooring Floor Depot Website: www.floordepot.com.my Tel: 1800-88-7585

Pest Control Furnitures & Customised Furnitures Deep Living Sdn Bhd Tel: 603-6141 6159

Audio/Visual Equipment WNM EShop.com Sdn Bhd Website: www.wnmeshop.com Tel: 603-2144 2288

XZQT Home Store Sdn Bhd Website: www.xzqt.com.my

Home Accessories Ceramic Tiles Malaysia Mosiac Bhd Website: www.mmosiacs.com Tel: 1300-88-8182

Antipest Management Services Sdn Bhd Website: www.antipest.com.my Tel: 603-8023 1888

Security Systems Sensorlink Sdn Bhd Website: www.centrixsecurity.com Tel: 603-7983 7270

Expressions Entertaiment Sdn Bhd Website: www.expressions.com.my Tel: 603-4270 3372

ADT Services (M) Sdn Bhd Website: www.adt.my Tel: 1300-88-0228

Universal Cable (M) Bhd Website: www.ucable.com.my Tel: 603-7845 6699

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Curtains SSF Sdn Bhd Website: www.ssfhome.com Tel: 603-6140 2020

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Monier Sdn Bhd Website: www.monier.com.my Tel: 1800-88-0865

CSR Climate Control (M) Sdn Bhd Website: www.csrcoolbatts.com.my Tel: 603-3341 3444

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Monier Sdn Bhd Website: www.monier.com.my Tel: 1-800-88-0865

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B&N Design Associate Sdn Bhd Website: www.bnndesign.com Tel: 603-4142 6344

Kitchens Artset Design Sdn Bhd Tel: 603-6156 3763

Hunter Douglas Window Fashions Malaysia Sdn Bhd Website: www.hunterdouglas.com.my Tel: 603-5191 2020

Water Purifiers Nesh Marketing Sdn Bhd Website: www.nesh.com.my Tel: 603-8060 3668

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

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

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

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

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LATEST DEVELOPMENTS | KLANG VALLEY CONDOMINIUM

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LATEST DEVELOPMENTS | KLANG VALLEY RESIDENTIAL Project Name: Kuang Perdana Location: Pekan Kuang, Kuang, Selangor Property Type: 3-sty Terrace/Link House Land Title: Residential Tenure: Leasehold Built Up: 2,220 - 2,248 sq ft Listing Price: From RM520,888 - RM575,000 Expected Date of Completion: Mid Year 2013 Developer: Perbadanan Kemajuan Negeri Selangor (PKNS) Tel: (6016) 251 0113 / (6013) 939 0310 Tel: (603) 5510 2316 Fax: (603) 5510 2337 Website: www.kuangperdana.com

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

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

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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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LATEST DEVELOPMENTS | KLANG VALLEY COMMERCIAL

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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

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: 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: Cornerstone Condominium Location: 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) Tel: (605) 805 7878 Fax: (605) 806 7878

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LATEST DEVELOPMENTS | OUTSIDE KLANG VALLEY MIXTURE

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: AMAN (2-Sty Semi-D) Location: Yong Peng, Batu Pahat, Johor Property Type: Semi-detached House Land Title: Residential Tenure: Freehold Land Area: 46' x 75' / 46' x 85' Listing Price: From RM468,800 - RM904,176 Expected Date of Completion: November 2013 Developer: Mal Wah Properties Sdn Bhd (417434-U) Tel: (607) 467 2888 Fax: (607) 467 6766

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Project Name: Medini Signature Location: Medini Iskandar Property Type: Condominium Land Title: Residential Tenure: 99 years lease Land Area: 4.51 Acres Build Up: 655 - 1,950 sq ft Expected Date of Completion: 2016 Developer: 1 Medini Sdn Bhd (860394-D) Phone: (607) 510 1010 Website: www.1medini.com

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Project Name: MAYA (2-Sty Bungalow) Location: Yong Peng, Batu Pahat, Johor Property Type: Bungalow House Land Title: Residential Tenure: Freehold Land Area: 60' x 80' / 65' x 80' / 70' x 80' Listing Price: From RM698,800 - RM1,142,714 Expected Date of Completion: May 2014 Developer: Mal Wah Properties Sdn Bhd (417434-U) Tel: (607) 467 2888 Fax: (607) 467 6766

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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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FEATURED AGENCIES’ DIRECTORY GS REALTY SDN BHD

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GS REALTY, formerly known as YL REALTY, has been established since 1999 as a real-estate specialist. Our principle practice was begun in 1986 and we specialize in project marketing besides our core business. With our strategic experience and well-informed as well as intelligent sales team, our brilliant marketing strategies for new project developments in the Malaysian and international markets have been very well received.

Since 1959, New Bob Realty, the first real estate company in Penang & the Northern regionon Malaysia, has established itself as one ofthe most prominent the industry has to offer.

Requirements: - With / Without experience required but must be quick learner and willing to learn. - Male or female above 18 years old. - Hardworking and honest. - Possess own transportation. - Fresh graduates / entry level applicants are encourage to apply. Responsibilities: - To actively source for property listings (sale and rent). - To serve and assist potential buyers and tenants on their real estate requirements. - To provide follow up and value added service to all customers. - High income high commission.

To join us as Real Estate Negotiator, kindly contact us for Super High Offer !! David Chong Tel: (012) 213 2923 Fax: (018) 626 2923

HON Property Consultants VE(3)0267 HON Property Consultants, is a registered property consultancy firm with the Board of Valuers, Appraisers and Estate Agents. We offer comprehensive property consultancy services and operations of the highest standards to all clients strictly in accordance with the professional code of ethics and governing rules, regulations and guidelines as stipulated by the Board of Valuers, Appraisers and Estate Agents. We are a team of strong, highly dynamic, well-trained and dedicated individuals, some of whom have more than 10 to 15 years of experiences in the real estate industry. We are committed to always place our customers’ needs above all. We specialize mainly in the selling and letting of residential, commercial and industrial properties as well as marketing projects of many prominent industrial, commercial and housing developers within the Klang Valley. Other professional services that we also offer includes Property Valuation, Property Management and Property Auction. Our philosophy is simple: “Your Satisfaction Is Our Commitment”. Tel: (603) 7984 4228 Fax: (603) 7987 0227 Email: honpropertyconsultants@gmail.com

Today, GS REALTY is renowned as one of the largest real estate firms in Malaysia, winning multiple awards, such as the ASIA PACIFIC EXCELLENCE BRAND 2011 and we have co-organised one of the biggest Real Estate Conference in Malaysia, the ‘National Conference – Wealth from Real Estate Investment in Asia’ (2010) and ‘Wealth from Real Estate Investment in Asia’ (2011). Join us and create a prosperous and successful future for yourself! Contact us for further information and the next step in your career. Tel: (603) 9222 5796 / (603) 9222 5797 Fax: (603) 9222 5791 Web: www.gsrealty.my Email: enquiry@gsrealty.my

We offer our clients a whole spectrum of professional advisory, management services, and opportunities to successfully invest, sell or lease residential and commercial properties in the market. We specialise in buying, selling, leasing, rental and property management. New Bob Realty was awarded Top Agency for Danaharta Tender in 2002. Its recent awards include the 2011 SOBA ICT/ Technology Award as well as the 2011 Bloomberg’s Asia Pacific Property Award for the most Highly Commended Website. If you are interestedin a career in real estate, join our professional team today! Penang (HQ) Tel: (604) 229 1111 Fax: (604) 226 7777 Butterworth Tel: (604) 399 9111 Fax: (604) 399 9777 Sungai Petani Tel: (604) 421 1111 Fax: (604) 422 7777 Email: ask@newbob.com.my Web: www.newbob.com.my

Real Property . My

Johan Realty

(E(3) 1379)

E (3) 0196

Whether it is for the purpose of relocation or wealth building investment, we assist our clients in finding the space they need. We Sell and Rent various types of properties including residential, commercial, industrial properties and land. REALPROPERTY.MY is firmly built on passion, knowledge, energy, enthusiasm, integrity and professionalism. YOU WANT TO BE A REAL ESTATE NEGOTIATIOR? PLEASE CONTACT US FOR MORE INFORMATION! Tel: (603) 2246 0809 Fax: (603) 2246 0810 Email: admin@realproperty.my Web: www.realproperty.my

Requirements: - No experience required but must be quick learner and willing to learn - Male or female above 18 years old - Possess own transportation - Fresh graduates / entry level applicants are encourage to apply Responsibility: - To actively source for property listings (sale and rental) - To promote and market available properties - To serve and assist potential buyers and tenants on their real estate requirements - To provide follow up and value added service to new existing customers - Listing and project will be provided by company - Training on legal, loan and market information will be provided by company Please call: (012) 221 1443 / (012) 206 6654 Tel: (603) 9173 7335 Fax: (603) 9173 8335