Issue 88 - April 2017

EAST MALAYSIA’S LEADING PROPERTY PORTAL, MAGAZINE & EXPO

MANAGEMENT PLEASE CLEAN UP YOUR ACT!

Cost effective house ideas for

HOT TOPIC

affordable housing

Overview of a Sub-Sale TransactioN

ISSUE 88 RM9.50 (Inc GST)

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As the saying goes, “change is the only constant�. Without change there will be no growth, and without growth, there will be no prosperity. So far, it has been an exciting journey for Property Hunter. This past year or so, we have made some tweaks and additions. In January 2016, we changed the overall look of the magazine. In January, this year, we finally launched the much-anticipated PH App. A lot of time and creative work was put into both processes, and thankfully so far, they have been very well received.

Another very exciting milestone for Property Hunter last month was being awarded the prestigious MSC status by MDec. To be given this title, it means that a company must be an IT or IT-facilitated company. And that’s exactly where Property Hunter is heading towards.

To achieve this, we hope to eventually shift from being a publishing company, into a fullyintegrated IT company. And the first step in this process is that we have made the decision to change our magazine from being a monthly, into a bi-monthly publication.

The decision to go bi-monthly is so that the transition into going fully digital will be easier for everyone involved. We will slowly shift our focus into moving all the content to our website.

The first bi-monthly magazine issue will be rolled-out in June this year.

We sincerely hope that you understand and will still support us all the way. Sometimes these changes are necessary and they have been thought of carefully. Every decision we make is usually made by putting you, our readers and our clients, in mind.

Thank you always!

Iza Abidin Editor

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CORPORATE

TM

Editor

Iza Abidin

Writer

Rebecca Michelle

Creative & Design

Stephenson Foo Danny Miki

Online & IT

Caleb Tseu Clifton Chin Jalon Juanis Datu Mohd Fadzli Bin Datu Basrun

Finance & Operation

Elson Kho

Marketing & Branding

Magdelene Muh

Marketing Events

Italia Nayenti Boniface

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Disclaimer, Permission & Reprints: This publication is not an investment advice. It is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without first seeking appropriate professional advice that takes into account their own particular circumstances.The publisher and editors give no representations and make no warranties, express, or implied, with responsibility of any of the material (including statistics, maps, articles, loan product tables, advertisements and advertising features) contained in this publication. The publisher and editors expressedly disclaim all responsibility for any errors in or omissions from the information contained in this publication, including all liability for any loss or damage suffered or incurred by any person as a result of or arising out of that person placing any reliance, weather whole or partial, upon the whole or any part of the contains of this publication. No correspondents will be entered into a relation to this publication by the publishers, editors or authors. The publishers do not endorse any company, organisation, person, investment strategy or technique mentioned in this publication unless expressly stated otherwise. The publishers do not endorse any advertisements or any special advertising features in this publication, nor does the publisher endorse any advertiser(s) or their products / services unless expressly stated to the contrary. Articles are published in the reliance upon the representations and warranties of the authors of the articles and without our knowledge of any infringement of any third party’s copyright. The publishers and editors do not authorise, sanction, approve or countenance any copyright infringement. This publication is protected under the Law of Malaysia Act 332 Copyrights Act 1987 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express written permission of the publisher. Copyrights 2013 Maxx Media (S) Sdn Bhd. All rights reserved.

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CONTENTS PROPERTY SHOWCASE | 10

SPINNAKER SOVO SUITE @ Likas Bay A New Benchmark of Couture Lifestyle

PROPERTY SHOWCASE | 16

Exclusive Collection in the Heart of Kuala Lumpur, Malaysia by WingTai Asia Prestige · Luxury · Refined

PROPERTY SHOWCASE | 22

Sentral Suites Live Empowered : Come Embrace The Sentral Suites Lifestyle

CONTRIBUTOR | 36

I am spoilt for choice There Are So Many Types Of Loans In Malaysia

FEATURED EVENT | 48

PH EXPO KK 2017 KICKS OFF WITH NEW FEATURES

FEATURED EVENT | 50

Transforming Your Real Estate Business In A Changing Era

FEATURED EVENT | 52

Launching of Bukit Damaisari @ Menggatal

FEATURED EVENT | 54

PRIME INTERNATIONAL PROPERTIES MALAYSIA & AREEYA PROPERTY THAILAND PARTNER TO MARKET THAI PROPERTIES TO MALAYSIAN PROPERTY INVESTORS

FEATURED EVENT | 56

Hatten Land Limited HostS Appreciation GALA Dinner

CONTRIBUTOR | 60

MANAGEMENT, PLEASE CLEAN UP YOUR ACT!

HOT TOPIC | 68

Cost effective house ideas for affordable housing

HOT TOPIC | 74

Overview of a Sub-Sale Transaction

HOT TOPIC | 80

Sustainable City: Is Kota Kinabalu doing what it should to become one?

HOT TOPIC | 86

Do Green Property Managers Attract More Considerate Residents?

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PROPERTY SHOWCASE

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“A New Benchmark of Couture Lifestyle”

SPINNAKER SOVO SUITE @ Likas Bay

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PROPERTY SHOWCASE

Aesthetically designed with the modern lifestyle in mind, Spinnaker sovo suite is poised to invigorate and inspire Likas Bay with its efficient small-officeversatile-office spaces.

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Your

Next Chapter Starts Here

For those that are contented to the splendours of working privately in their own space, look no further than Spinnaker sovo suite.

This Grade A gem will be an all-inclusive destination of work and leisure comprising state-of-the-art office spaces, a timeless infinity pool and blissful scenery overlooking the sea. Conveniences are in abundance and within reach.

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PROPERTY SHOWCASE

The Best View Comes After the

Find Your Nook.

Don’t Think of Cost,

Hardest Climb

Think of VALUE.

Luxuriously planned and artistically

Strategically located in Likas, this

crafted, Spinnaker sovo suite

development is surrounded with a

combines the beauty of seafront living

number of established housing and

with unparalleled luxurious living with

neighbourhood such as The Bay

both spaciousness and splendour for

Residences Condominium and other

the most valued inner-city life one

residential properties. Spinnaker

could ever imagine.

sovo suite is 7 minutes’ drive to the bustling Kota Kinabalu City Centre,

The exclusive facilities within

and 7 minutes’ drive to 1 Borneo

Spinnaker sovo suite creates a

Hypermall.

colourful place to live, work and play.

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25M infinity pool with sea views and

Spinnaker sovo suite consists

fully equipped gymnasium are just

of 18 luxurious duplex office space

the few luxuries offered for your total

ranging from 1,240 sq.ft to 1,496

satisfaction.

sq.ft, making it both versatile and vivacious.

Spinnaker sovo suite at a glance Project Name : Spinnaker sovo suite Location : Teluk Likas, Kota Kinabalu (approx. 5.0KM from Kota Kinabalu City Centre)

Type : Small-Office-Versatile-Office (SOVO) Land Area : 0.191 acres Tenure : 99 years Price Range : Early Bird Price RM 1,128,937.95 - RM 1,362,007.50 (Incl. 6% of GST)

Maintenance Fee : 44 cents (Inclusive of Sinking Fund) Unit / Lot Type Range : 1,240 sq.ft - 1,496 sq.ft Unit / Lot Types & Build-Up • SOVO Suite 3: Level 8 | Built up: 1,496 sq.ft • SOVO Suite 3A: Level 8 | Built up: 1,405 sq.ft • SOVO Suite 5: Level 8 | Built up: 1,240 sq.ft • SOVO Suite 5: Level 10 | Built up: 1,240 sq.ft Total Units / Lots & Block / Levels • Total units : 18 Duplex units with sea-front view • Parking : 3 levels with 40 parking bays and 2 disabled parking bays • Facilities Floor : Level 5 with 25M swimming Pool and gymnasium Expected Completion Date : September 2018 Main Attractions, Public Transports and Amenities Nearby Supermarket : Giant and Servay Hypermarket School : All Saints Secondary School, St. Agnes Primary School, Lok Yuk Secondary School, Lok Yuk Primary School, Chung Hwa Elementary School Medical Centre : Likas Hospital, KPJ Damai Specialist Hospital, KPJ Sabah Specialist Hospital, Queen Elizabeth II Hospital Other : St Simon Church, Christ Church Likas and Chinese Temple, Likas Mosque Public transport : Bus and taxi services along Jalan Teluk Likas and Jalan Tuaran

Development by Solid Destiny Sdn Bhd (749807-W) Tel: 6088.277.701 Fax: 6088.277.702 Email: info@spinnakerlikasbay.com Website: www.spinnakerlikasbay.com. Please contact Mariclarissa Selveno Fu on 6017.818.8199 or 6016.833.4638

Spinnaker www.PropertyHunter.com.my

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PROPERTY SHOWCASE

Exclusive Collection in the Heart of Kuala Lumpur, Malaysia by WingTai Asia PRESTIGE · LUXURY · REFINED words by WingTai Asia

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3 masterpieces designed for the discerning by award-winning architects

Prestige

Luxury

Refined

Live at a prestigious address that offers convenience matched with a cosmopolitan lifestyle.

Enjoy extra privacy of luxurious surroundings, spacious interiors and tranquility amid greenery.

Choose from uniquely stylish abodes with meticulous details and refined 5-star facilities.

Actual Site Photo taken from Nobleton Crest Penthouse www.PropertyHunter.com.my

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PROPERTY SHOWCASE

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ith only 25 units on the property, these gorgeous and gracious villas come complete with their own private lifts. Each luxurious villa

boasts palatial grounds and space for prestigious living with a choice of simplex and duplex apartments.

Nestled in the diplomatic enclave on the famed embassy row in downtown Kuala Lumpur, Nobleton Crest is just minutes away from the Royal Selangor Golf Club and Petronas Twin Towers.

Comprising 3 low-rise blocks with 5 storeys, each unit measures from 3,500 sq ft to 6,000 sq ft. Its generous open concept is accentuated by 3-meter high ceilings, natural light and ventilation.

Privacy and security is what one can expect with guards patrolling the perimeters, CCTVs at

Actual Photo strategic locations around the property, biometric access and in-built Smart Home System.

Imported white marble adorns the interior flooring, with renowned brands for fixtures and detailing.

The grand and generous outdoor grounds are sprawling with vine louvres, crystalline pools and lush tropical greenery. Come home to Nobleton Crest, an exclusive and luxurious sanctuary.

Actual Site Photo

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A

dual-tower residence, at 49 storeys and 43 storeys tall, Le Nouvel KLCC is articulately designed with refined interiors and unique details such as the

bespoke silk-screen window panels. It is a stunning sight to behold, made of glass and greenery.

Le Nouvel KLCC sits along the prestigious Jalan Ampang, a stone’s throw from Petronas Twin

Actual Photo

Towers and KLCC. The premium estate is the epitome of luxurious living that rivals 5-star hotels. Located in the heart of Kuala Lumpur’s business and lifestyle districts, it offers a world of convenience with an integrated transport network.

The 34th storey is reserved for fine dining with a view – its Sky Lounge, Sky Kitchen and Sky Dining are one-of-a-kind exclusive offerings within a residence, along with the Cigar Lounge and Wine Cellar.

Elegant and magnificent all at once, you’ll find light naturally flowing into the open spaciousness,

amplifying every meticulous detail from white Grecian marble flooring, Poggenpohl kitchen, Miele appliances to Lema wardrobes… it is a resident’s dream come true.

Every suite and penthouse is innovation in motion with only 195 exclusive units available, from 1,700 sq ft to 5,700 sq ft. Live your every desire here at Le Nouvel KLCC and expect only the very best of this architectural masterpiece by Pritzker Prize Laureate, Jean Nouvel.

Actual Site Photo www.PropertyHunter.com.my

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PROPERTY SHOWCASE

W

ith 3 towers standing at 43 storeys,

Verticas Residensi comprises of private suites

Verticas Residensi is an urban oasis

and penthouses with 308 units of spacious 4 and

that offers unlimited opportunities

5 bedroom apartments measuring from 1,427

for entertainment and high-end

sq ft to 4,452 sq ft. One can look forward to an

shopping. These spectacular skyscrapers offer a

expatriate community, concierge services and

stunning skyline view of Kuala Lumpur city.

luxurious facilities including a free shuttle to and from shopping districts in town.

Snuggled in a quiet locale within the Golden Triangle, its close proximity to Bukit Bintang area

Unique yet serene, Verticas Residensi is both

– Pavilion, Star Hill, Lot 10 – makes it a choice

charming and a haven that complements a very

cosmopolitan residence of culture and society.

social lifestyle, from a booming corporate world to the excitement of Kuala Lumpur night life to high-

Verticas Residensi sits atop Bukit Ceylon with a

end shopping and more. It is where you can truly

tropical rainforest setting. It is a luxurious blend

live life to the fullest.

between sleek modern design and tranquility of nature. One of the oldest forest reserves, Bukit Nanas, is also nearby.

Actual Photo

Actual Photo

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Actual Site Photo

Property Showcase Sandakan

Miri

22 & 23 April 2017

29 & 30th April 2017

(Saturday – Sunday, 10am – 5pm)

(Saturday – Sunday, 10am – 5pm)

Venue: Amadeus I, Sabah Hotel, Level 1,

Venue: Borneo Room 1, Pullman Miri

Sandakan, Sabah.

Waterfront, Miri, Sarawak.

nd

rd

th

RSVP at 013 835 1898 (Victor)

Location Map

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PROPERTY SHOWCASE

LIVE EMPOWERED

Come embrace the Sentral Suites lifestyle Sentral Suites is the latest landmark residential development in KL Sentral.

It is aspired to create a place for a modern city lifestyle that thrives on the conveniences, fast-moving pace and energy of KL Sentral. Come, discover the empowering lifestyle of Sentral Suites.

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PROPERTY SHOWCASE

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KL Sentral, a world-class destination KL Sentral, the new generation CBD, is home to Malaysia’s largest transportation hub. A gateway to the city and the world.

This is where 6 rail-networks pass through on a daily basis, serving an average of 150,000 commuters.

This is also where a myriad of established amenities are all interconnected and within walking distance.

With 5 international hotels, sleek office towers, luxury residences and the NU Sentral lifestyle shopping mall, KL Sentral is more than just a focal point of lifestylecentric activities. It is a world-class destination.

Retail Area

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PROPERTY SHOWCASE

It’s about creating a new community here

Drop-off Area

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Going beyond the basic four walls, Sentral Suites in KL Sentral is about creating a community. Every detail has gone into designing and providing functional, practical spaces for the community. At Sentral Suites, life is to be lived to the fullest.

Garden experience in the city

The overall concept of Sentral Suites is to provide a lush, nature’s sanctuary. There are over 2 acres of lifestyle facilities and open spaces to give residents zones to relax and soothe their senses amidst the busy, urban setting.

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PROPERTY SHOWCASE

Interactive zones for the community

Outdoor Jacuzzi

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The facilities area offers functional spaces and fun interactive zones. These dedicated areas not only encourage residents to enjoy social activities, there are also areas for residents to enjoy quieter moments with an elevated vantage point.

•

15 Sky Pods & 15 Sky Gardens

•

1 infinity pool & 1 family pool

•

BBQ area

•

Sauna

•

Outdoor & indoor gyms

•

Taichi deck & reflexology path

•

Outdoor jacuzzi

•

Basketball court

•

Breakfast Nook for community sharing

•

Convenience of retail on the ground & first floors

Trendy living spaces

The residential units at Sentral Suites are designed to cater to the needs of various lifestyle requirements.

Ranging from single room units right up to dual-key configurations with smart solutions for multi-functional spaces. The flexibility gives rise to many possibilities for personal space planning, even for extended families.

•

10 types of layouts to choose from

•

Featuring 1 to 3 bedroom units & dual-key units with 2 bedrooms & 1 suite

•

Size from 650 – 1,166 sf

•

2 distinct & well-designed show units are open for viewing daily

Show Unit Type B

Kid’s Centre

Show Unit Type Corner D www.PropertyHunter.com.my

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PROPERTY SHOWCASE

A great location to be in

Sentral Suites enjoys a truly central location within the thriving metropolis of KL Sentral. Surrounded by many established amenities, a home at Sentral Suites is a world of convenience. This ranges from shopping to financial institutions, from educational institutions to restaurants, and from medical centres to public transportation.

Sentral Suites is also easily accessible via a network of roads and highways that connects to other parts of the city. These include Jalan Duta, Jalan Travers, Jalan Bangsar, Mahameru Highway, Damansara Highway (SPRINT), Federal Highway and New Pantai Expressway (NPE).

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MRCB is a leading urban property

GDV of RM49 billion. Its property

and construction company, which

investment activity is conducted

has been listed on the Main Board

through its 27.9 % equity stake in

of Bursa Malaysia since 1971.

MRCB-Quill REIT.

The Group’s activities span four

Apart from constructing world

areas: Property Development

class commercial and residential

& Investment, Engineering,

developments, MRCB’s Engineering,

Construction & Environment,

Construction & Environment division

Facilities Management, and

also has an enviable track record in

Infrastructure and Concession.

highways, rail infrastructure, high voltage power transmission projects

As the developer of the iconic

and the rehabilitation of rivers and

RM18 billion KL Sentral CBD,

coastal areas. The division currently

MRCB pioneered Transit Oriented

has an external order book of RM7.0

Development (TOD) in Malaysia and

billion.

is setting the standard in future fully integrated TOD projects. MRCB’s

MRCB’s largest shareholder is the

property development revenues are

Employees Provident Fund.

underpinned by its 400 acre urban land bank which has an estimated

Sentral Suites At A Glance Project By

: Country Annexe Sdn. Bhd.

Project Name

: Sentral Suites

Property Type

: Serviced Apartment

Price Range

: RM728,800-RM1,367,800

Price per SQFT

: RM1100- RM1300

Built Up in SQFT

: 650 - 1,166 sq ft

Total Units

: 1,434 units

Expected Completion Date : Q2 2021 For more information, visit our show gallery at Lot 74, Jalan Tun Sambanthan, Seksyen 70, 50470 Kuala Lumpur, Malaysia.

PH Property Gallery, Lot 2.08, Level 2, Imago Shopping Mall, Jalan Coastal Highway, 88300 Kota Kinabalu.

Vincent Ho

016 266 1999

Nazali Hussein

017 228 1350

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PROPERTY NEWS

PROPERTY, INVESTMENT & BANKING NEWS KEEP TRACK OF THE TRENDS IN PROPERTY AND REAL ESTATE

Sabah

SB IN

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SW

International

Sarawak BK

WM

West Malaysia

Banking & Investment

Facilitation Fund Approved to 52 Sabah Bumi Companies The Bumiputera Agenda

total, that were carried out

Steering Unit (Teraju) has

by the 52 companies. The

approved RM139 million

Facilitation Fund is disbursed

of Facilitation Fund to 52

as reimbursement up to 15

Bumiputera companies in

percent of the project cost.

SB

Sabah up to this year since its inception in 2011.

Of the RM139 million, Megat said, Teraju has allocated

This year, Teraju has allocated

RM45 million to Bumiputera

RM45 million of Facilitation

companies in the construction

Fund to assist Bumiputera

sector, RM36 million to oil

companies in Sabah for

and gas, RM24 million to

business activities or

agriculture , RM 21 million

Bumiputera companies in

expansion.

to business services, RM4.5

Sabah this year, for those who

million to wholesale and retail,

Megat explained that

For the last six years, Teraju’s

wish to carry out business

RM2 million to tourism, RM2.7

activities or expansion,” he

the Facilitation Fund was

Entrepreneur and Business

million to food manufacturing ,

presented in the form of

Development senior director,

said at a press conference

RM1 million to automotive and

during a site visit to Kotamas

reimbursement of up to 15

Megat Mohd Yatim, said the

RM0.7 million to healthcare.

Oil Sdn Bhd, a recipient of

percent of the project cost

the Facilitation Fund, at Kota

upon completion.

Facilitation Fund has been awarded to 55 projects,

“Our target is to attain RM45

valued at RM1.04 billion in

million grant approvals for

RM139 millon of Facilitation Fund has been approved to 52 Bumi companies

Kinabalu Industrial Park (KKIP)

Government Finalising Phase 2 of Pan Borneo Highway The federal government is

told a press conference after

finalising the development of

the Borneo Market Outreach

the second phase of the Pan

programme hosted by the

Borneo Highway Sarawak.

Small Medium Enterprise

on Monday (March 6).

SW

Development Bank Malaysia Phase Two, which connects

Bhd (SME Bank).

Limbang and Lawas through Brunei and eventually links

Among those present at the

to Sabah, is being firmed up

market outreach programme

by the Malaysian government

include contractors

and the Brunei government.

and vendors as well as representatives from SME

Works Minister Datuk Seri

Bank Group.

Fadillah delivering his speech

Fadillah Yusof revealed that the government is committed

Fadillah also said he was

a large scale infrastructure

enterprises (SMEs) in the state

to developing the Pan Borneo

looking at a route connecting

project which involves various

to a higher level.

Highway Sarawak and ensure

Tebedu to Serian despite

stakeholders and requires

that the mega-infrastructure

that not being part of the

the cooperation of all parties

project is completed on time.

Pan Borneo plan for the time

especially contractors and

being.

vendors which are involved

“I think the discussion with

in the project to make it a

Brunei is more or less firmed

“We will see whether we can

up, and now the government

include that one because

is looking into the details – the

there will be a link for us to be

The Works Minister believed

technical aspect and also the

well-connected with Pontianak

with the assistance of SME

financial aspect.

which will open up the

Bank which came to provide

economic activities between

financing to contractors and

Kalimantan and Sarawak.”

vendors for the project, the

“Once we have agreed on that, we should be able to start with the second phase,” he

success.

move will raise the profile The Pan Borneo Highway is

of the small and medium

He observed the move was also in line with the government’s vision of making the SME sector one of the biggest contributors to the economy by 2020.

He also believed once the highway project is completed in June 2021, it will spur economic development and trade activities between Sarawak and Sabah. www.PropertyHunter.com.my

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NEWS

Good Time to Buy Properties as Prices Still Kept Current The Sarawak Housing and

as most of our developers

Real Estate Developers’

are still willing to maintain

Association (SHEDA)

the current prices or are

urges interested buyers

still selling properties from

to consider purchasing

previous projects.”

SW

property soon as they believe the time is right.

However, this trend is likely short lived as Ngui believed

“It’s the best time to buy

that residential projects set

now because prices are not

to launch within the next few

yet reflective of our falling

months might start reflecting

currency,” explained Dr

these new increased

Christopher Ngui, chairman

development costs.

of Sheda’s Kuching Branch during a press conference promoting their first Home and Property Roadshow 2017 on Tuesday, February 21.

Over the past couple of months, Ngui said there has been many factors set to drive up the cost of properties and their development such as the Goods and Services Tax (GST), depreciation of the ringgit and increased cost price of imported materials.

They drew this conclusion based on historical trends of housing prices after one or two years of recession.

“I believe those interested should seriously consider buying now, especially those with cash,” Ngui spoke out while inviting prospective buyers to participate in their property roadshow whereby they will be able to meet face-to-face with top property developers and witness exhibitions of their projects.

“Yet, our houses are still not going up at the moment

For buyers who many require

Kuching, Sarawak

financial help, Ngui invited

buyers can also seek advice

them to obtain their Central

on their financial straits

Credit Reference Information

from representatives of the

System (CCRIS) at the Bank

Credit Counselling and Debt

Negara Malaysia (BNM) booth

Management Agency (AKPK)

which will also be present at

of whom will also be present

the event.

at the property roadshow.

“Getting your CCRIS can

Looking ahead for future property prices, representatives of Sheda noted that a catalyst for lower property prices in Sarawak would be the potential approval of higher density of residential buildings per hectare of land by the state government.

help you see whether you’re eligible for any of the programmes brought out by BNM that are aimed to help first-time homebuyers or homebuyers in general.

“Even if you’re not eligible, you can use this time to figure out what exactly is causing your ineligibility and fix it before it is too late,” shared Ngui, further noting that

sabah Tourist Arrivals Recorded Its Best Last Year Sabah Tourism has recorded

best record in 2013 with

its best year ever in 2016 with

3.38 million tourist arrivals.

3.43 million tourist arrivals

On international tourist

with an estimated RM7.25

arrivals alone, we witnessed

billion in tourism receipts.

an increase of 15.4 percent

SB

compared to the 2015 In his speech at the Sabah

statistics,” he said.

Travel and Lifestyle Fair 2017, Sabah Tourism Board

He added that China remained

chairman, Datuk Joniston

the main contributor with 33.2

Bangkuai, said that this

percent market share with an

happened despite the

overall growth of 51.8 percent

challenges. The Sabah Travel

in 2016 compared to the year

and Lifestyle Fair was held

before.

correct partners, aggressively

He also said that the private

putting Sabah as top of the

sectors provided a platform to

“This is a result of years of

mind destination as well as

present Sabah’s local products

partnership with the private

embracing digital marketing.”

to international guests.

at Suria Sabah on 3rd - 5th March.

“This has surpassed our

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sector, working with the

Mabul Island, Sabah

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35

CONTRIBUTOR

Spoilt for choice the many types of loans in malaysia If you walk into a bank today there are many loan products available. Borrowers are spoilt for choice. So which one is suitable for you? To me, the lowest interest rate package is not necessarily the best. It all depends on the borrower’s objective. There are many types of property loans which I’ll sum up in different categories.

Words by Miichael Yeoh

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Term Loan

This one is the most basic. It includes paying principal and interest together.

This term loan has a maximum tenure of 35 years or for a maximum age of 70 years old.

For Example: Purchase Price RM 500,000 Margin: 90% Tenure: 35 years Effective Lending Rate: RM 4.5% Monthly Instalment: RM 2,129.66.

RM2,166 consists of RM442.16 principal RM1,687.50 interest Gradually as months go by, the principal will increase and while the interest will reduce. That’s how you will finish your loan in 35 years.

Please be aware that most banks have a penalty clause between 2 to 5 years of around 3% if you were to settle the sale of the property earlier.

Overdraft

In overdraft, only the borrowers pay interest.

Using the previous example, the interest payable monthly will be RM1,875. There is no tenure year attached with an overdraft. Borrowers who pay more than the interest charge will reduce the principal. Overdraft uses current account facility.

Borrowers can make prepayment at any time. It is more flexible than term loan but the interest rate is higher. Nowadays, it’s more difficult to get banks to lend pure overdraft. It will be easier if there is a mixture between a term loan and overdraft.

www.PropertyHunter.com.my

37

CONTRIBUTOR

Flexi Loan

A Flexi or flexible loan is a combination of term loan and overdraft. Borrowers will still need to pay the minimum monthly instalment.

turn, will reduce the tenure year’s

Please be aware that once you

payable. Instead of putting your

draw out, interest will be charged

money in different accounts you

back. It uses the current account.

can lump it in flexi loan. Every time

Borrowers will be able to use

your money is in this account you

ATM, cheques and also online

will save on interest. It functions

banking for their transactions. It

as one account. Borrowers need

is a good package in which it can

not give any notice for any extra

save you from a lot of interest

Any extra payment will go towards

payment unlike in term loan.

if the borrowers use it to their

Borrowers can withdraw any extra

advantage.

reducing the principal, and in

money in the account at any time.

Fixed Rate Loans As the name suggests, it means interest rate that is fixed for the whole tenure.

Banks have this package under Islamic loan.

38

www.PropertyHunter.com.my

The interest rate is much higher

Borrowers who are worried about

than those conventional loans.

escalating interest rates will go

Some insurance companies (not

for this package. You do not have

under Islamic product), also have

to worry about the interest rate.

a similar package but with a lower interest rate.

Islamic Loan

Islamic loan uses the ‘murabahah’ concept under the Syariah principles.

Under Islamic concept of borrowing, the banks will buy the property from the borrower, then rent it back to them. The bank will determine the profit rate in advanced after considering the tenure years.

Initially, the interest rate is fixed

Please make sure to read the

but as it evolved, a floating rate

letter of offer from the bank

was introduced.

before signing. In certain banks, they will have a special clause

In recent years there was a spike in

for this package. Make sure you

Islamic loan applications especially

understand the special terms

by property investors. Why is that

before signing.

so? In Islamic loan, the banks cannot charge a penalty for early redemption. Property buyers with an objective of very short borrowing time frame will opt for this package.

I hope that this article gives you insight into choosing the right loan package to take.

If you would like to read more of my articles, go to www.miichaelyeoh.com

www.PropertyHunter.com.my

39

NEWS

Soft Launching of Wisma Sebangga

SB

AA Capital Group of

up a service centre in Tawau

Companies concentrates

before opening a showroom,

on a variety of businesses

reiterating that Subaru

ranging from engineering

owners no longer need to

and construction to financial

travel to Sandakan (or Kota

services. Sebangga Auto Sdn

Kinabalu) to service their

Bhd is the appointed dealer

cars.

for the brand of Subaru in Labuan and the entire state

Sebangga Auto promises

of Sabah.

to deliver their best performance and after sales

Sebangga Auto runs 3 Subaru

service to cater the needs of

car showrooms in East

their customers and through

Malaysia - Labuan, Sandakan

the great efforts in Corporate

and Kota Kinabalu. The

Social Responsibility (CSR)

company plans to expand

events.

to several more districts

assistance.

“Subaru is sitting in a growing SUV segment, targeting drivers of all walks of life”, said General Manager of Subaru Malaysia, Mr Andrew Lee.

AA Capital Group founder,

He also added that the

Dato’ Arif Ambrose said that

company plans to achieve

the company plans to open

4,700 sales nationwide, with

in East Malaysia over the next few years. The outlets also operate as 3S centres, offering the customers additional automotive services and after-sales

The Sebangga Auto team

8%-10% of sales from Sabah.

Legacy 2.5GT. The 2.5XT trims

Whilst the company doesn’t

of the Outback and Forester

have any plans to bring in a

also include a turbocharged

7 seater car to Malaysia just

engine.

yet, Andrew revealed that a new XV 2.0 will be introduced

The Sebangga Auto

in Q4 2017 nationwide, with

showroom is opened every

its delivery in 2018.

day; Monday to Friday from 9am-7pm and weekends

The Subaru cars are known layout in most vehicles above 1500cc. Subaru also offers turbocharged versions of their passenger cars, such as the Impreza WRX and the

Restaurants, Hawker Stalls, Ballroom to Close End March After 20 years in operation, the Putera Theatre Ballroom, Kampung Nelayan Seafood

from 10am-5pm.

for the use of boxer engine

SB

buildings it operates and its maintenance rights to DBKK.

Restaurant, Beijing BBQ Steamboat Restaurant and

The Water World Theme

hawker centre at Taman

Park nearby had also ceased

Tun Fuad Stephens in Bukit

operation since October last

Padang will be shut down

year.

this March 31.

Silverrado Corporations signed

The closure is due to the imminent expiration of the concession tenure between Silverrado Corporation Sdn Bhd and Kota Kinabalu City Hall (DBKK) in June this year.

the concession agreement

As the 20-year concession agreement comes to an end, Silverrado Corporation will be handing back all the 40

www.PropertyHunter.com.my

with the then Kota Kinabalu

Kampung Nelayan Seafood Restaurant

Municipal Council (MPKK) in and the first Water World

banquets and association

Theme Park in Kota Kinabalu.

functions.

RM15 million in building the

The public, especially regular

Likewise, the Kampung

Putera Theatre Ballroom,

joggers and hikers at Taman

Nelayan Seafood Restaurant

which could accommodate

Tun Fuad Stephens, had

proved itself equally

1,000 diners, Kampung

strongly protested against

popular with domestic and

Nelayan Seafood Restaurant

the project back then but

international tourists while the

and Beijing BBQ Steamboat

over the years, the Putera

water park became a favourite

Restaurant on the lake,

Theatre Ballroom had become

spot for children to hang out

alongside the hawker centre

a popular venue for wedding

and play.

1997.

The company had invested

www.PropertyHunter.com.my

41

NEWS

Mr Chew Sang Hai, Executive Director of Grand Merdeka elected as new President of SHAREDA

T

SB

The new SHAREDA Council members. Photo by All4One Productions

he Sabah Housing

elected as Deputy President

of Top Green Development

and Real Estates

with Datuk Francis Goh

Sdn Bhd

Association

Fah Shun remaining as the

(SHAREDA) held

immediate past President for

of Fine Landmark Sdn Bhd 5. Mr John Tan Duo Zer

2. Mr Johnny Wong Chen

- Chief Operating Officer

the member of the Council

Yee - Managing Director of

of Hap Seng Properties

as stipulated in Clause 9

The W Property Collection

Development Sdn Bhd

Election of Office Bearers for

(2), Rules & Constitution of

Sdn Bhd

the term 2017-2019 at their

SHAREDA.

their 24th Annual

General Meeting cum

SHAREDA mini auditorium in Bundusan on March 25th.

The majority of the new line-up of office bearers

During that time, we saw

derived from the present

immediate past President

council in office who are

Datuk Francis Goh stepping

confident to step-up to fill

down and a new President

the executive posts, taking

being elected. Goh took the

more responsibilities and

opportunity to inform those

committed to serving the

present at the election of

Association and its objectives.

his plans of joining politics and will continue to fight for

Here are the list of office

the 999-years land title for

bearers of SHAREDA Council

homebuyers. He said that he

2017 - 2019:

believes having that 999-years title will benefit developers as well as investors.

As at 12:50 PM on March 25th, Mr Chew Sang Hai, Executive Director of Grand Merdeka Development Sdn

1 PRESIDENT • Mr Chew Sang Hai Executive Director of Grand Merdeka Development Sdn Bhd 1 DEPUTY PRESIDENT • Datuk Sr. Chua Soon

6. Mr Benny Ng Su Pei 1 SECRETARY-GENERAL • Ar. Ronnie Ang Guo Wei Concept Development Sdn Bhd

Fon - Director of Sinar Pembangunan Sdn Bhd 8 COUNCIL MEMBERS 1. Pengiran Saifuddin bin Pengiran Tahir Director of Sabah Urban Development Corporation Sdn Bhd 2. Mr Quek Siew Hau Group Managing Director of Wah Mie Realty Sdn Bhd 3. Mr Reggie Sua @ Boboy - Assistant Vice President

the President of SHAREDA’s

Director of Remajaya Sdn

of Sabah West, Syarikat

Council, term 2017 - 2019.

Bhd

Perumahan Negara Berhad

of Remajaya Sdn Bhd, was

42

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2 VICE PRESIDENTS 1. Mr Wesley Chai Meng Kong - Executive Director

7. Mr Ben Kong Chung Vui - Managing Director of Riverson Corporation Sdn

1 TREASURER-GENERAL • Ms Jen Kah Gen

Ping - Group Managing

Group Managing Director

Glowbest Sdn Bhd

- Company Advisor for RA

Bhd has been elected as

Datuk Sr. Chua Soon Ping,

- Executive Director of

4. Mr Raymond Chan Yin Hong - Managing Director

Bhd 8. Ms Emily Chew Fei Sean - General Manager of Grand Merdeka Asset Sdn Bhd In a press statement by the newly elected President, Mr Chew, vowed that he will do his best to continue Datuk Francis Goh’s legacy and continue to fight for homebuyers.

He also added that he plans to have more affordable housing, better shopping malls and conduct more CSR projects.

www.PropertyHunter.com.my

43

NEWS

Ecofirst Showcases Ampang Ukay Development in Phase 1 Launch EcoFirst Consolidated

the team to move forward

Bhd kicked off its highly

stronger than ever, “ said

anticipated RM5 billion

Dato’ Tiong Kwing Hee, Group

Ampang Ukay mixed-

Chief Executive Officer of

development in Ulu Klang

EcoFirst Consolidated Bhd.

WM

with the launch of its Phase One, Liberty Arc @ Ampang

“I would like to thank

Ukay on Friday, March 3.

EcoFirst’s business partners and employees for the

Some 400 business partners,

success we have enjoyed with

bankers, employees and

Liberty Arc @ Ampang Ukay.

purchasers attended the

Two out of the three blocks

colourful launch event

has achieved a take-up rate

themed “Urban Living and

of more than 90% while the

Modern Lifestyle” in line with

third block is currently at 30%

the design concept of Liberty

and selling fast.”

Arc. During the official launch, With a GDV of RM606.8

guests were presented with

Million, Liberty Arc @ Ampang

a special property talk by

Ukay comprises three towers

Ishmael Ho, Chief Executive

of 1,632 residential SoHo

Officer of Ho Chin Soon

units and 32 retail units.

Research who shared his

Keeping to its theme of

expertise on the prospects

modern urban living, it offers

of Ampang Ukay in view of

compact fully furnished units

current property scene in

each measuring 450 sqf in

Malaysia.

size.

“Ampang Ukay is serviced by “This launch marks a major

strategic major roads, and

milestone and level in our

is sandwiched between two

next phase of growth. It is

affluent areas (Ukay Heights

definitely a motivation for

& Kelab Golf Darul Ehsan)

Sandakan Village Declared a Residential Area

President & Director of Veritas Design and Group Designated Architect of Liberty Arc @ Ampang Ukay, David Hashim; GM, Marketing and Retail Leasing of EcoFirst, Janice Loh; Group CEO of EcoFirst, Dato Tiong Kwing Hee and; CEO of Ho Chin Soon Research, Ishmael Ho.

This indicates interests from

A neighbourhood complete

a lot of “old money” in this

with retail convenience,

part of the City for their next

quality amenities, pedestrian

of kin,” says Ishmael.

and bicycle-friendly environments and a vibrant

“It is a premium space with a

nightlife, Ampang Ukay is

great proximity to economic

set to offer a one-of-a-kind

activity only waiting to

urban lifestyle for its future

unleash its full potential,” he

residents and visitors. It has

continued.

an outstanding GDV of RM5

A metropolitan city in the making, Ampang Ukay is sprawled over 87 acres of prime freehold land in Ulu Klang, envisioned as the Little Hong Kong of Kuala Lumpur.

billion expected to keep EcoFirst busy within the next 10 to 15 years.logo, tagline and vision, we are instilling a new mindset that will permeate everything we do,” Leong added.

SB

More than 726 house

proclamation letter to certify

Community

owners in Kampung Batu

the area as a residential area.

Learning Centre.

relieved when their village

“Residents of Kampung Batu

He also

was proclaimed as a

Putih who have lots or have

presented 10

residential area.

bought lots can now dwell at

wheelchairs to

their respective lots without

recipients and

The proclamation letter

hesitation and doubts,” he

witnessed the

was presented by Chief

said.

handing over

Putih, Mile 7 here were

Minister Datuk Seri Panglima

of contribution

Sandakan

Musa Haji Aman during the

The proclamation letter has

from the Sabah

Haji Mohd Edris, Libaran

“Pemimpin Menjiwai Rakyat”

certainly brought happiness

Welfare Department to 10

to more than 6,000 people

member of parliament Datuk

programme held at the

fire victims.

living at Kampung Batu Putih.

Juslie Ajirol and Sandakan

village’s multi-purpose hall yesterday.

Also present at the ceremony At the same ceremony, Musa

were Assistant Local

Musa advised the residents

also presented school bags

Government and Housing

not to worry as the water

to 250 schoolchildren from

Minister cum Gum-Gum

village had now received the

Tabika Kemas and Batu Putih

assemblyman Datuk Zakaria

44

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Municipal Council president Datuk Ir James Wong.

www.PropertyHunter.com.my

45

NEWS

Sabah Focusing on Skilled Human Capital Development

SB

Sabah is focusing on

employment opportunities in

input on the matter so that

now, which was also in line

the development of

the manufacturing sector,” he

the funds could be channelled

with the period given to

knowledgeable and skilled

said.

effectively in the future,” he

achieve TN50.

human capital capable of

said.

taking over the tasks in

Speaking at the 2050 National

various economic sectors in

Transformation Dialogue

During his speech, Musa also

exceeded the international

Sabah in the future.

programme (TN50) which was

mentioned about the trees

standard requirement of

He added that the state had

held at Universiti Malaysia

replanting exercise involving

having 10 percent of Totally

Chief Minister Datuk Seri

Sabah (UMS) near here

850,000 hectares of forest

Protected Areas (TPA) as

Panglima Musa Haji Aman

yesterday, Musa stressed that

reserves in Sabah that has

Sabah has nearly 30 percent

said he had adopted the

all the efforts undertaken

taken place.

of TPAs.

approach of creating three

were to ensure jobs were

sectors, namely tourism,

available for youths in Sabah.

He said the state was

Also present were Malaysia

targeting to increase the

Youth and Sports Minister

agriculture and manufacturing as well as in the development

With regard to the TN50

hectarage by one million

Khairy Jamaluddin, Sabah Youth

of human capital ever since he

programme, Musa urged

hectares.

and Sports Minister Datuk

held the post.

youths who were present

Tawfiq Abu Bakar Titingan

to take an active part in the

At the same time, Sabah has

and other guests.bathroom

“This is my halatuju for Sabah,

dialogue and to share their

also gazetted 53 percent or

with features like anti-slip tiles,

which is now renowned

ideas so that the government

3.9 million hectares of land as

seamless material for easy

worldwide for the tourism

would know how it could

forest reserves, he said.

cleaning utilising the lotus-

destinations that we offer.

channel allocations that would

We also create entrepreneurs

benefit all youths.

He added that these would

“I hope all of you will give your

generation 30 years from

in the agriculture sector as well as create various

be inherited by the younger

leaf-inspired bionic surface technology, quick drying materials and functional usage of space,” he said.

Knight Frank Malaysia, S P Setia Collaboration of Insight and Networking Knight Frank Malaysia, the

Kam Tek Kong said, “Setia Sky

global property consultancy

Seputeh is glad to collaborate

held its first collaborative

with Knight Frank (Malaysia)

event with property

Sdn Bhd and arrange an

developer, S P Setia on

exclusive evening such as

1 March 2017. With the

this. We hope that the guests

recent launch of Knight

enjoyed the evening and took

Frank’s research report

away some valuable insights of

Real Estate Highlights for

the property market as shared

2nd Half of 2016, experts

and also information on our

share their insights on the

latest luxury condominium

market outlook on high-end

project, Setia Sky Seputeh in

condominiums / serviced

Seputeh, Kuala Lumpur”.

apartments and provided an overview of Setia Sky

Sarkunan Subramaniam

Seputeh. The private event

shared insights on the

saw the attendance of

market outlook on the high-

40 guests held at Setia

end condominium / service

International Centre.

apartment market in Kuala Lumpur.

The speakers of the night were Kam Tek Kong, Deputy

He said, “The market will

General Manager of S P Setia

continue to self-correct.

Bhd Group and Sarkunan

Potential buyers adopt the

Subramaniam, Managing

‘wait and see’ attitude due

Director of Knight Frank

to concerns of a slowing

Malaysia.

economy, weaker job

46

www.PropertyHunter.com.my

WM

From left: Nat Quah, Senior Manager, Sales and Marketing of S P Setia; Sarkunan Subramaniam, Managing Director, Knight Frank Malaysia and; Kam Tek Kong, Deputy General Manager of S P Setia Bhd Group.

prospects, sharp fall in the

Developers will continue

Ringgit, amongst other factors.

to introduce more creative

Budget 2017 announces that

marketing strategies, the S

the stamp duty rate for real

P Setia 10:90 scheme is one

estate worth more than RM1

of them which successfully

million will be increased from

attracted more buyers.”

3.0% to 4% effective 1st Jan 2018. This may boost sales of

The event closed with dinner

million ringgit homes before

and lucky draw. Some of the

2018 as people will be rushing

lucky guests walked away with

to purchase the property

mystery gifts prepared by S P

before the increase of stamp

Setia.

duty.

www.PropertyHunter.com.my

47

FEATURED EVENT

PH EXPO KK 2017 KICKS OFF WITH NEW FEATURES Words by Property Hunter

In mid-January, this year, the Property Hunter team launched a mobile app to make searching, selling, buying or renting a house easier. The app also serves as the gateway for priority express entry to upcoming exhibitions and events. To continue their annual tour tradition, the team organised and delivered the biggest property exhibition in East Malaysia.

48

www.PropertyHunter.com.my

P

H Expo, the biggest property

reputable establishments. Visitors

Other highlights of the event saw

exhibition in East Malaysia, kicked

were encouraged to jump on the IT

free legal and tax consultations from

off its annual property exhibition

band wagon and download the newly

reputable companies, a designated

in Kota Kinabalu on March 3 to 5, with

launched Property Hunter mobile app to

mobile charging zone and food and

45 developers participating in the event

skip the registration queue by scanning

beverages served by Adelphi & Co.

to promote 55 projects. The event

their personal QR code.

attracted 9,000 visitors, which was

PH Expo will see its next exhibition in

primarily dominated by the age group of

Steering away from the monotonous

Sandakan this coming April. For more

between 26 to 35 years old.

property talk, the team also invited two

updates of the upcoming expo and

real-life Sabahan investors, Kenny Wong

future destinations, please visit the PH

The team revamped their flagship

and YK Hwong, to share their investment

Facebook Page and website at www.

PH Expo by introducing new features

tips and journeys with the public in a

propertyhunter.com.my

and new collaborations from

casual setting over coffee.

www.PropertyHunter.com.my

49

FEATURED EVENT

Transforming Your Real Estate Business In A Changing Era Words by Property Hunter

The Internet has changed the way people approach real estate investing. Selling a home has become more convoluted than in the past. Is it better to list a property by yourself, or enlist the help of a professional agent?

50

www.PropertyHunter.com.my

T

o this day, real estate agents

This year, themed “Transforming your

contributions of Real Estate Negotiators,

have yet to become obsolete.

Real Estate Business in a Changing Era”,

for being the front liners in the industry,

In fact, it is hard to imagine

MAREC’17 delivered an urgent message

and to encourage all RENs to always be

that their services will ever not

calling for all real estate practitioners

ready to broaden their spectrums of

be needed. They simply offer too much

to keep pace with the fast-changing

businesses through on-going education

value to the average homeowner.

business environment.

process. In line with this recognition,

MIEA has been organizing the Malaysian

To make this convention possible,

sponsor of the “Inaugural MIEA National

Annual Real Estate Convention or

MAREC’17’s organizing team has been

Youth Summit”.

MAREC for the last 30 years. It has

working very hard for the past 9 months

been the annual event for real estate

to deliver not just “another MAREC”

practitioners to congregate and to learn,

but a “transformed” one. Convention

to network and to get recharged for the

Chairman, Lim Boon Ping said, “We want

year ahead.

to take this opportunity to recognize the

MAREC’17 has become the main

www.PropertyHunter.com.my

51

FEATURED EVENT

Launching of Bukit Damaisari @ Menggatal Words by Property Hunter

Car park owner and operator, SCP Group, has turned to property development with several projects already lined up in Sabah and Klang Valley.

52

www.PropertyHunter.com.my

T

he SCP Group launched

project will offer 204 units of 2-storey

Kinabalu Industrial Park (KKIP) and

the upcoming residential

terraced homes on a 22.46-acre piece

several education institutions such as

development on 4th March at

of land. Priced from RM585,000 with a

SJK Š Lok Yuk Menggatal, SK Darau

their project site. The launching

land title of 999 years for most of the

Menggatal, SMK Bandaraya and more.

saw an incredible turnout from the

units, this residential development is

public, with some showing their

ideal for those planning to start a family

Amongst other projects developed in

interests and placing bookings.

and settle down.

Kota Kinabalu by the group are Inanam Capital and Ashton Tower

Located at Menggatal, Taman Bukit

Bukit Damaisari is poised to be the next

Damaisari is a guarded double storey

hot spot in the Menggatal township,

terraced house development.

with its close proximity to the likes of Inanam Mall, Inanam Township, Grand

With a total GDV of RM100 million, this

Merdeka Mall, Menggatal Town, Kota

www.PropertyHunter.com.my

53

CEO of Areeya Properties Thailand, Mr. Wisit Laohapoonrungsee speaking at the press conference held at A Space ID Asoke-Ratchada, by Areeya Property, Thailand’s leading property developer.

Featured Event

PRIME INTERNATIONAL PROPERTIES MALAYSIA & AREEYA PROPERTY THAILAND PARTNER TO MARKET THAI PROPERTIES TO MALAYSIAN PROPERTY INVESTORS Thai property market expected to boom with expected growth between 5-10% per year

W

here does your mind go

negative external factors, interest in

consultancy has signed a partnership

when you think of real estate

buying offshore real estate is a booming

agreement with Areeya to market the

markets attractive to foreign

market here in Malaysia.” said Ms.

property here to property investors here

investors? The Philippines have turned

Nicole Tan, Senior Manager, Business

in Malaysia.

high profit margins for many an investor.

Development and Marketing for Prime

Singapore and Hong Kong will always

International Properties at the press

“Buying a property abroad is not only

supply a demand for housing as their

conference held at A Space ID Asoke-

a good strategy to diversifying your

nations continue to urbanize. There’s

Ratchada, by Areeya Property, Thailand’s

investment portfolio, it could bring you

another potential market entering the

leading property developer on 22nd Feb

much more than you can imagine. We

big stage with attractive opportunities:

2017 in A Space ID, Asoke-Ratchada,

believe that Thailand’s property market

Thailand. Thailand is still classified as a

Bangkok Thailand, where members of

will show average growth of between

developing nation, but a savvy investor

the media from Malaysia were taken on a

5 -10% a year from 2017-2020 and will

knows that rapid development means

showcase tour of the property. Malaysia

benefit Malaysian investors interested

rich opportunity.

was the first to be invited to see the

in buying overseas properties.” she

property. Prime International Properties,

continued.

“Despite the softer ringgit and other

54

www.PropertyHunter.com.my

a Malaysian based International Property

ABOUT A SPACE ID ASOKE-RATCHADA A Space ID Asoke-Ratchada which was launched at the event is a new generation of condominiums situated right in the heart of the business district. With one bedroom and two bedroom fully furnished apartments with minimalist décor, this relaxed private residence includes an automatic Mechanical Parking system, a large freeform swimming pool, a fitness club as well as a sauna and steam suite.

The property is strategically located

by Rama 9 MRT station and in close connection to the BTS skytrain, making it convenient in getting to business districts of Silom, Sukhumvit and Asoke. There

Mr. Wisit Laohapoonrungsee, CEO of Areeya Properties, Thailand was there to personally introduce the property to Malaysian Media. Property Hunter’s Editor, Iza Abidin, were among those in attendance

a major political upheaval to the tragic

residents will find their own peace in

events, and come out stronger. That

their elegant homes while connecting to

ability to bounce back is a rare and

Thailand’s Japanese community, just a

C Extra, Esplanade and Terminal 21.

attractive quality to the savvy investor.

few steps away.

Highway access points to Rama 9 and

With the future railway of Kunming

The other, will be categorized in the

(China) leading down south to Bangkok

super luxury segment where each of its

as well as the future canal increasing this

elements will have world class standard,

city’s already existing multiple channels

as can only be delivered by the world’s

Airport.

of logistics; a foreseeable influx of

top tier professionals. The property will

more investors from the Greater China,

be located on the last available piece of

“Thai real estate is one of the most

Hong Kong, Malaysia and Singapore is

land on Ratchadamri road, thus making

to be seen once these countries are

it a-must-buy for those who would like

connected.

to possess a piece of Bangkok’s most

are a variety of shopping malls in the area including Central Plaza Grand Rama 9, Fortune Town, Robinson Ratchada, Big

Asoke–Din Daeng are close by as well as a 5–minute driving distance to Makkasan Airport Link station to Suvarnabhumi

reliably growing markets in the world.

Prices show continued growth year on year, across all sectors of the market:

valuable legacy, as the development is

ABOUT AREEYA & THEIR PLANS FOR 2017

accepted and approved by the Office

around ten million baht) a previously

In regards to condominium segment,

technologies to support your daily life

sluggish segment of the market, are

Areeya plans to launch 2 high end

showing growth and attracting foreign

projects later this year. The first will

investment dollars for the first time since

be located in one of Bangkok’s super

2013.” said Mr. Wisit Laohapoonrungsee,

prime area, Sukhumivt 53, with an

CEO of Areeya Property at the launch.

approximate project value of more

condominiums have posted between five and twelve percent annual price growth every year since 2008, with no sign of slowing down. Even luxury properties, (above US$300,000, or

than THB 1.3 billion. With this particular The Thai real estate market’s greatest

project, Areeya plans to make history as

strength are its tried and tested

it will be the only condominium project

resilience. Property demand and land

in Thailand’s history to be delicately

values have rebounded from multiple

designed with a real sense of Japanese

crises over the past three years: the

influences. Purposefully built with a

market has weathered everything from

limited number of units available, the

of Privy Purse who officially manages properties for the King of Thailand. In addition, the true meaning of ultimate living will be found here where latest and essences of nature are combined perfectly in this Bangkok city’s newest icon. The project is currently worth the most to Areeya Property, with over THB 10 billion invested, the company will be thrust skywards to be considered the top residential development company in Thailand.

For more information on the property, visit www.primeprop.co or email info@ primeprop.co.

www.PropertyHunter.com.my

55

FEATURED EVENT

Hatten Land Limited HostS Appreciation GALA Dinner Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments and is headquartered in Malacca, Malaysia. In conjunction with its Official Listing on the Catalist Board of The Singapore Exchange, the group hosted an appreciation dinner to celebrate their triumph.

Words by Property Hunter

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Welcome Speech by Dato’ Colin Tan during the Appreciation Dinner in Melaka www.PropertyHunter.com.my

57

FEATURED EVENT

From Left to Right: Mr. Chong Foh Siong (Head of Development Management), Ms. Ruth Tan, Dato’ Edwin Tan (Executive Director & Deputy Managing Director), Datin Elaine Tan, Datin Sharon Tong, Dato’ Colin Tan (Executive Chairman & Managing Director), Datuk Wira Eric Tan (Advisor), Datin Wira Janice Lu, Johnson Chua (Group Financial Controller), John Lee (Executive Director & Head of Corporate & Finance), Mark Tan (Head of Business Development)

H

atten Land Limited (‘’Hatten

The highlight of the event was

“With a 10-year track record as the

Land” or the “Company”), a

the inspiring speech by Executive

largest mixed integrated developer

leading property developer

Chairman and Managing Director of

in Malacca, Malaysia, Hatten Land is

in Malaysia, celebrates

Hatten Land, Dato’ Colin Tan. Dato’

a trusted and multi- award-winning

the successful debut on the Catalist

Colin Tan said: “We are grateful

property developer, focused on

Board of the Singapore Exchange on

and encouraged by the investment

delivering our strategy for growth and

28 February 2017 with a grand gala

community’s support towards the

enhancing long-term shareholder

dinner in Melaka’s top premier hotel

Company. The listing of Hatten Land

value. We are committed to enhancing

on 7 March 2017.

on SGX-ST enhances our visibility and

our competitive edge while we set our

provides a platform to collaborate with

sights on being a regional property

As the property development arm of

more international business partners

developer in Southeast Asia to cater

Hatten Group, Hatten Land hosted

in our future developments. Besides

to the growing demand for quality

approximately 500 distinguished

our current property development

integrated developments in the

guests in the ballroom of Hatten

portfolio of four key assets valued

region,” Dato’ Colin Tan added.

Hotel Melaka. The event was

at RM1.9 billion, Hatten Land has

held in appreciation of all the key

access to more than 20 prime land

The evening ended with a resounding

stakeholders, corporate partners and

bank and development rights for

group toast to the success and future

long-term supporters of Hatten Land.

future development. The access to the

of Hatten Land.

capital market offers us the significant Guests enjoyed a rousing performance

impetus to pursue our next phase of

by a renowned hand percussion

growth.”

crew along with the soulful vocal performances by Nutserlar Lim and a 5-piece live band.

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Gong striking to mark the first day of trading of Hatten Land Limited on Singapore Exchange - 28.02.17

Gift exchange between SGX and Hatten Land Limited : Mr. Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Capital Market Development, Singapore Exchange and Dato’ Colin Tan, Executive Chairman & Managing Director of Hatten Land Limited

Group photo with Independent Directors, Business Associates, Sponsors and family members during the Listing Ceremony at Singapore Exchange – 28.02.17

The talented Nutserlar Lim performing at the Appreciation Dinner in Melaka

Top Management group photo during the Listing Ceremony at Singapore Exchange from left to right : Johnson Chua (Group Financial Controller), Mark Tan (Head of Business Development), Dato’ Colin Tan (Executive Chairman & Managing Director), Datuk Wira Eric Tan (Advisor), John Lee (Executive Director & Head of Corporate & Finance) , Dato’ Edwin Tan (Executive Director & Deputy Managing Director). www.PropertyHunter.com.my

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CONTRIBUTOR

MANAGEMENT, PLEASE CLEAN UP YOUR ACT! Words by YK Hwong PropertyKid.Com

“BANG! BANG! BANG! “ It was already 9pm and the sounds of workers hammering could still be heard in another unit from my 1300sf, so-called luxury condo. And just when you think it was over, Drrrrrrrr!

Drrrrrrrr! Drrrrrrrr! The sounds of drilling then began...

This was what was related to me by a friend.

He was trying to listen to Beethoven at his condo, but was instead unpleasantly treated to a roaring orchestra of workers working at his condo building. According to him, this was not the first and last time it happened.

Most management in condos have a strict rule regarding what time renovation or contract works are allowed. Usually Mondays to Fridays are from 8am to 5pm, and Saturdays are 9am until 12.30pm. All work should be stopped at 6pm, as residents need their peace and quiet after a long day at work.

I’m pretty sure most of the management companies have rules and regulations like these in place; after all, no right-minded management would allow any work to be done after 6pm, right? Enforcement is KEY here. And residents need to voice out their complaints and concerns to the management. I believe Sabahans in general are too passive and timid when it comes to their rights. I believe we need to give the relevant people our “two cents” when it comes to how the condo and our community is run by the management.

You and I should speak up when you notice that the management aren’t doing their job properly. Too many times I’ve heard, “They collect all those maintenance fees, but I don’t see them doing anything. The rubbish not collected, etc.”

But then again, people actually don’t put their complaints down on pen and paper for the management.

www.PropertyHunter.com.my

61

CONTRIBUTOR

A Wish List for Management Corporations:

1.

ensure diligent rubbish disposal Please make sure that rubbish is disposed of regularly and that proper hygiene is maintained. Dumping areas should be clean and free of stink (ok, this one’s a bit tricky, but if there is no durian or belacan in there, I guess it should be ok). Nothing is more disgusting than finding someone’s unfinished fried rice from yesterday that’s still in the dumpster (it may have looked and smelled nice before) but it reeks of rotten and makes you hold your breath.

Now, management could start by legitimizing the recycling of plastics, aluminum cans, paper, and general waste. That way it’s more organized and is better for the environment. Plus, management can use the recycling money for the upkeep of the property. It’s a win-win for both.

2.

ensure lifts are well-lit & safe Nothing is worse than creepy lifts. I remember a few months ago, when I was visiting a friend at his apartment, I was astonished to see that the lift we took was dingy because the light had burned out. Maybe it’s because I watch too many horror movies with scary scenes in lifts, but it freaked me out (ok, I admit that dark lifts make me uncomfortable). And you know what the worse thing was, this was a newly completed project. How did this one get its OC? Hmm…

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3.

6.

enforce your house rules, please

Accountability and transparency

House rules are….well, rules that are meant to be

I think management books need to be open to

followed, right? Otherwise why have them in the first place?

residents: what are the expenses? who are the

To fill out pages in the booklet? Or did the management

contractors? They must als be audited by an auditor

just simply copy it from somewhere? Ok, I’m asking too

appointed by the residents. We want to know where and

many questions here. But if you say “NO WORK AFTER

what our money was used for, and whether the work was

6PM”, then please enforce “NO WORK AFTER 6PM”. Period.

actually done for the invoices paid.

It’s really that simple. And no special favours, please!

4.

No more “automatic” boom gates First of all, security boom gates are meant to stop nonresidents from entering without proper reason. A lot of the time, guards are super strict at first, but sooner or later, the boom gates became “automatic gates”. Cars can now magically enter without security cards or registering. Sure, sometimes the resident themselves are at fault because they had left their access cards or that they didn’t want to pay RM50 just to make another card, instead, using the “You know who I am, mah” card. Of course, it’s nice when guards recognize me after having stayed somewhere for some time, but, security personnel should not let anyone

7.

Use social media or instant messenger I don’t read my mail often, usually only once a week. But with the popularity of social media and instant messenger, it’s high time for management to use social medias to engage with its residents. Having a WhatsApp group chat with residents is a good option, but, make sure to keep it professional and not a kopitiam group. Creating a Facebook page informing of the latest happenings and developments is also good and fosters closer relationships between residents and management and among the residents themselves. Events can be organized through these platforms and results can be shared for closer communities.

just enter like that .

There are, however, a few places that actually do a good job of this, like Alam Damai, Surian, Suritz, D Banyan, Bay Residence, etc.

5.

A

self-learned investor by every means necessary, reading all about it from limited resources back then and attending every property related event and asking anyone who would spare their time with him. He now spares his own time inspiring others interested in starting and building their own investment journey.

Do inform us of water and power disruptions Please let us know in advanced if there are to be any water or power disruptions.

Let me tell you, a lot of places have these notices, but they are usually put up just a few days before it’s going to happen. Please, let us know at least 2 weeks before so that we can be better prepared.

www.PropertyHunter.com.my

63

NEWS

EPF to Bank on Private Market Investments Malaysia’s Employees’

BK

he told reporters.

Provident Fund (EPF) will continue to spend wisely the

In addition, the fund places

money entrusted to it by the

more importance on long-

people, according to its CEO

term sustainable returns

Datuk Shahril Ridza Ridzuan,

rather than short-term gains,

reported the New Straits

Shahril noted.

Times.

In spite of the issues in 2016,

“We will remain prudent in

the EPF has also been able

our expenses as indicated

to consistently surpass its

by the consistency in our

two targets of achieving 2.5

key financial ratios including

percent nominal dividend per

the cost of the asset under

annum and a minimum real

management of 0.25 percent,

dividend of two percent on a

cost to the gross income of

rolling three-year basis.

2.56 percent and cost to a total asset of 0.16 percent,”

Last year, the fund posted a

The fund places more importance on long-term sustainable returns rather than short-term gains

gross investment income of

figure since 1951 when the

RM46.56 billion. Not only is

EPF was founded, he said,

this 5.25 percent higher than

adding that it has increased

the RM44.23 billion recorded

by 11 percent on a yearly

in 2015, this is also the best

basis since 2001.

Mah Sing Introduces New Logo, Tagline and Vision

WM

Kuala Lumpur, recently.

of its group-wide transformation programme and marks the next phase of Mah Sing’s journey in the property industry.

According to a press release

Meanwhile, the group also

on Monday (Feb 27), the

introduced its new tagline:

new logo is the company’s

“Reinvent Spaces. Enhance

third since its inception and

Life.” This is in line with

symbolises Mah Sing’s identity

Mah Sing’s aims to raise the

vision, the group will be

The renovations will be

— a company that strives for

bar by recreating spaces

focusing on empowering its

completed in mid-2017.

excellence in product delivery,

with innovative design and

staff towards personal and

quality, customer service and

functionality to improve and

professional growth.

customer care.

add value to the quality of life

Mah Sing Group Bhd (Mah Sing) unveiled its new corporate logo and tagline during the company’s annual dinner at the Majestic Hotel,

Designed by awardwinning Australian brand consultant Traffic, the new logo is in vibrant red, which represents luck, courage, passion and happiness. The name “Mah Sing” was also retained as a significant amount of goodwill and trust have been associated with the name for more than 50 years.

The launch of the company’s new logo is the visual representation 64

www.PropertyHunter.com.my

Leong: We want to be a meaningful corporation for now and the future

“We understand the importance of our staffs’

of the community.

The company introduced its

well-being in the company.

POWER statement, which

We have a high percentage

Mah Sing group managing

stands for Performance

of millennials in our

director Tan Sri Leong Hoy

First, Ownership, Well-

workforce and we believe

Kum said: “As we put on a

Being, Empowerment

that addressing their

new look, we rethink our

and Resourcefulness

needs is important. We are

purpose. Our tagline is

— a continuous learning

transforming our company

‘Reinvent Spaces. Enhance

programme to train staff and

so that both new and

Life’. We want to be a

uphold the company’s values.

experienced staff will be able

meaningful corporation for

to achieve a better personal

now and the future. Now, in

To create a more vibrant

everything we do, we want to

environment, Mah Sing is

firstly, enhance life. We want

renovating its headquarters in

“With the launch of our new

to ensure all live well; our

Wisma Mah Sing, Jalan Sungai

logo, tagline and vision, we

customers, our people and

Besi, which will be known as

are instilling a new mindset

our stakeholders.”

MS@Work to encourage a

that will permeate everything

more innovative mindset and

we do,” Leong added.

In order to achieve its new

conducive work environment.

and career growth.

www.PropertyHunter.com.my

65

NEWS

Development for All Districts Including Semporna

SB

The state government is

Musa said many of his officers

appointed

committed to ensuring all

were from Semporna “and I

state leaders

districts across the state and

enjoy very good relations with

to head federal

the people continue to enjoy

Tun Sakaran Dandai” The Chief

ministries.

development, said Datuk Seri

Minister added that there are

Musa Haji Aman.

some 34 ethnic groups in the

“The Prime

state and that all of them were

Minister

given the same opportunities.

appreciates the

The Chief Minister gave his assurance that no one would be left behind.

support of the “In Sabah, we respect one

people of Sabah,”

Semporna. (Photo: Keri Mau)

Bugaya Hall.

another, we attend all festivities “And I never forget Semporna

he said. Meanwhile, Musa said

and we help each other. We

and this district had never

as Chief Minister he would

live in peace and harmony.

been treated like a step-child

do his level to bring more

“Do not raise issues of race

because as Chief Minister I

development to Semporna for

because we always take care of

Datuk Yahya Hussin and

visit all the districts to serve

the benefit of the people.

each other,” he added.

“I will look into the needs of the

Kiah; Local Government and

The Chief Minister also said

Housing Minister Datuk Haji

“I never had a problem

people in Semporna including

Sabah is in good hands and

their applications for land,” he

Hajiji Mohd Noor; Community

with Semporna,” Musa

that the state has never been

Development and Consumer

said when officiating at the

said. Earlier during his visit to

neglected by the federal

Semporna, the Chief Minister

Affairs Minister Datuk Jainab

groundbreaking ceremony for

government.

attended a development

Ahmad, former Head of State

the people.

a new market in Semporna on

Also present yesterday were Deputy Chief Ministers Tan Sri Joseph Pairin Kitingan, Datuk Raymond Tan Shu

briefing which was conducted

Tun Sakaran Dandai, Senallang

Tuesday, February 28. Some

Musa also said Prime Minister

Assemblyman Datuk Nasir Tun

10,000 people were present at

by district officer Dr Chacho

Datuk Seri Najib Tun Razak

Bullah, visited the sports

Sakaran, State Secretary Tan

the event.

provided huge allocations

complex and had lunch with

Sri Sukarti Wakiman and local

every year for Sabah and had

some 2,000 teachers at the

leaders.

Expensive Properties Lead to a Homeless Generation Unless the government

into upscale homes and other

raises the supply of low-cost

types of properties.

houses significantly, a large number of Malaysians would

Previously, news broke out

be unable to get a roof over

last November that PR1MA

their heads.

has formed a joint venture with MKH Bhd to build an

“The threat of a homeless

integrated development in

generation, where up to 80

Kajang with high-end real

percent of the population

estate.

cannot afford to buy their

WM

should provide more incentives, like reducing the taxes, the cost of land and the site conversion premiums.

to impact genuine buyers,

To control the sharp rise in home prices, the authorities could also impose more stringent cooling measures, like raising stamp duty and the real property gains tax (RPGT).

For the RPGT, the government

who typically can only afford to buy one or two houses.

“It will, however, discourage property speculators.”

may consider a 30 percent levy on the third and subsequent property bought if it’s sold within 10 years.

own properties, is beginning

Chang also noted that in

to take root,” according to

certain areas, only half of the

the National House Buyers

land acquired by PR1MA are

Association’s (HBA) Secretary-

being used for affordable

General Chang Kim Loong,

housing, while the other

In particular, he proposed

percent in taxes, 20 percent

adding that affordable

50 percent are allocated

that the stamp duty for the

if it’s sold in four years and 15

housing is already out of

for commercial and luxury

third purchase should be

percent if it’s disposed within

reach for even middle-income

properties.

increased to five percent, 7.5

five years, but the vendor

percent for the fourth, and

is exempt from RPGT if the

10 percent for subsequent

house changed hands after

transactions.

it was purchased in six years

households.

Moreover, he urged PR1MA Corporation to focus primarily on constructing low-cost houses, instead of venturing

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To encourage property developers to construct more low-cost residences, he suggested that the federal government

At present, people who sell a home within three years of buying it need to pay 30

and more.

Chang explained that the higher stamp duty is unlikely

www.PropertyHunter.com.my

67

HOT TOPIC

Cost effective house ideas for affordable housing Building homes need not always be difficult. An ounce of creativity can save more than its weight in cash. Thinking outside the box is the key. With the current challenging economy, the rapid increase in population and our unsustainable ways of living have forced people to consider more affordable and more sustainable ways to live.

Words by Property Hunter

68

www.PropertyHunter.com.my

Affordable, low-cost homes are an idea that needs to be addressed and put into focus.

For those with low and middle income families, not only is housing their single biggest expenditure, but their house is also their greatest source of wealth. With the current global economic challenges, people are also starting to question about what they spend on and what is really needed. As lifestyle habits are changing, so are the demands and trends in housing. There is now a realisation that there is no reason a house should have to cost so much. The mindset now is that a simple home can be built within a specific budget and still be beautiful, and meet the needs of the family it shelters.

Through clever and innovative designs, many of today’s low-cost homes are often superior in strength, durability, and safety compared to the current cookie cutter houses available but the code just isn’t written to accommodate different materials than wood or brick.

Here are some examples of affordable and eco-friendly alternative housing that you can turn into your own...

2

Tiny Houses Tiny houses are stirring a lot of interest these days.

The realisation of unused space, the need for unnecessary and unused things and the high cost that comes with living in the city centre has forced many to rethink about what a home should be.

A tiny house is defined as any house that is less than 600-square feet, but some are a lot smaller than that.

1

1

Shipping Containers Shipping containers cost a little bit more than some of the other methods, however, their durability more than makes up for the cost. People are building actual homes from these containers. It’s called cargo container architecture.

Some tiny homes are built on wheels, both to make them portable and to avoid building codes in some areas. There are thousands of ways to design a tiny house, and more are being created every day.

Tiny low-cost homes are perfect for singles, and couples who want to take on a minimalist philosophy.

Some families with children even take on the tiny house concept. Smaller homes are easy on the utilities and are perfect for off-the-grid applications because they use so much less electricity.

Containers are meant to be tough. They are built to handle heavy loads, harsh climate conditions, and are handled by cranes. It can also be easily stacked to form multi-story homes or apartments. These sturdy houses can be welded together and built in a very short time, and handle just about anything that is thrown at them.

2 www.PropertyHunter.com.my

69

HOT TOPIC

3

3

Modular or Manufactured Homes Buying a new or used manufactured home may not be as inexpensive as some options but it is still less expensive than the cost of the average home. These houses are residences built in a controlled factory environment in sections or modules, and then transported to the construction site. There,

4

5

6

5

Pop-up House A pop-up house is affordable to build thanks to inexpensive materials and quick assembly. It continues to be affordable over time due to its low energy consumption. Thanks to the simplicity of the concept (it’s like building a Lego house), building a house is an enjoyable and quick experience: in

they are installed on permanent foundations and completed

only two weeks the frame of the house with the windows

by professional installers.

can be built.

Modular homes can reduce construction time by more than

The structure is simple to build and comprises a spruce

35 percent, getting you into your new home faster so you

wood frame, laminate veneer wooden floor, and expanded

can enjoy it longer. Site-built homes can take many weeks to

polystyrene insulation blocks, and everything is held

complete, while modular homes are assembled on site and

together using wood screws. Pop-up houses have been

usually finished within a week.

commercially available since April 2015 in France and some

4

Prefabricated Homes Prefabrication has proved its worth in the past and is ideal for creating the sustainable, low-cost housing that many countries need today. The homes of the future will not only be more sustainable and affordable—they will also be much faster to build. Prefab architecture is paving the way, and now there’s

6

European countries.

Pallet House Pallets are cheap or free to find, so it’s no wonder they have become popular materials in alternative building.

Your house won’t be a fortress, but it would certainly work for temporary survival. It’s important to find a surplus of

more variety than ever to choose from. From a green-roofed

high-quality wooden pallets that have been chemically

hobbit home to a modular net-zero abode, these eco-friendly

treated to avoid bacteria, insects, and fungus.

dream homes that can be snapped together in three days flat (or less!) almost anywhere in the world.

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8

7 8 9

Converted School Buses If you’ve watched TV, then you’ve probably heard of people taking old school and church buses and turning them into their new tiny houses. From the outside, it will look like a regular well-restored boxcar, but its interior is very stylish and modern. Well, you could do the same. It wouldn’t be much

9

10

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Bamboo House Bamboo is one of the most amazingly versatile and sustainable building materials available. It grows remarkably fast and in a wide range of climates. Moreover, a bamboo house design is a type of building which is believed to be the most resistant to shocks of the earthquake

different than refurbishing an old RV. Built for resiliency, a bamboo house is typically elevated

Tree houses

on precast concrete pillars to prevent the risks of floods.

The kid in all of us has dreamed of having an amazing

ground floor if they wish to. A split-roof and operable shutters

treehouse, complete with all the necessities of living. Some amazing (and hidden) tree houses can be made with limited budget and training. One of the great things about tree houses is that you can scrounge for them. The most important thing is to make sure to select a sheltered location and the right trees, with healthy roots and no disease.

Straw Bale Houses

However, families would also have the choice in filling the allow natural ventilation to flow through the home, while the angled and overhanging canopies reduces heat gain.

Naturally, bamboos can save the fresh night air and then release it when it’s exposed by the heat of the sunlight.

The world would be a better place if housing was made more accessible and affordable for everyone. But the reality is, the supply and demand have made it too expensive for most, at least to the size of house that we’re accustomed to.

Building a straw bale and plaster house is a low-cost and environmentally friendly way to create a home. This guide

If houses were smaller, more efficient and easier to build,

covers the materials and methods you might use to build a

this reality could change. Changing the size of our houses

straw bale house, a house that can last hundreds of years, is

requires us to change the way we perceive the definition

energy efficient and is cheap to maintain. For simplicity, this

of home; maybe simplifying the way we live, revaluating

article will not include instruction on the installation of services

the importance of material possessions and reducing the

such as natural gas, electricity or water and sewer: It covers

consumption of goods. It’s a tall order for a society that

only the details about how to build the shell.

uses designer labels as the status-quo and sees huge sprawling mansions as a measure of success. www.PropertyHunter.com.my

71

NEWS

Developers Seek Extension to Complete Projects

SB

Developers plan to seek an

to put in writing to the Local

a project in the city where the

an Order of Certiorari to 104

extension on the completion

Government and Housing

power supply was only made

house buyers, quashing the

period of projects from 36

Minister more transparently

available to the developer

Urban Well-being, Housing

months to over 40 months to

and get an extension on the

after 18 months of project

and Local Government

avoid late delivery.

period of completion,” he said.

commencement.

(UWHLG) Minister’s decision

The move is in view of the

The existing practice on the

Citing it was easy for

challenging construction

period of completion is set

for vacant possession of a

developers in the peninsula

environment and the court

at 24 months for low-rise

condominium development in

to obtain an extension of time

battle won by the house

developments, 36 months

Kuala Lumpur, and thus ruled

(EOT), he said there had only

buyers in demanding

for high-rise but according to

that the EOT issued by the

been two cases in Sabah with

developers to honour

Chew, this old practice was no

housing controller there void.

one in Sandakan and one in

Liquidated Ascertain Damages

longer relevant these days.

the city, recorded recently.

“There had been more

“EOT in the peninsula is stated

complications especially the

claim as stipulated in the Sales

clearly and transparently by

Sabah Housing and Real

construction of high-rise

and Purchase Agreement

the Housing Controller there,

Estate Developers Association

mixed-use developments such

(SPA).

but the Housing Controller in

(Shareda) Vice President Chew

as developers being required

Sabah only approves this on a

Late delivery claim is clearly

Shang Hai said although the

to build multi-storey car parks

case by case basis.

spelt out in the SPA, 10

law differs in Sabah and in

or basement carparks.

to amend the time period

claim on the late completion of projects in the peninsula.

West Malaysia, a committee

This means the developer had to honour the buyers’ LAD

percent per annum of the “The ones here given the EOT

purchase price and on the

would be set up to study the

“But the biggest factor causing

was on the grounds that the

other hand 10 per cent

implication of the court cases

late completion is due to

developers had to build multi-

the inconsistency of power

interest of the purchase price

there.

storey car parks,” he said. On

supply,” said Chew, adding

to be paid to developers if

Monday, the appellate court

that there was one instance of

buyers are late in making

in Petaling Jaya had granted

progress payment.

“The study will be used for us

Kinsabina Launches Triconic Tower

SB

Kinsabina launched its latest

“The company’s strategy is

The 19-storey condo units are

“The tenant will have the

project, the Triconic Tower, in

to target shifting consumer

sized at 1,000 sq ft and 1,200

privilege of a ‘ready’ bathroom

Penampang on Feb 25-26.

behaviour and purchasing

sq ft with 3 bedrooms and 2

to move into with full set of

patterns with a complementary A discount of RM3,000 was

bathrooms alongside upscale

bathroom cabinets, fittings and

mix of grocery stores, eateries,

given to first-time house buyers

facilities.

appliances.

health and wellness, education

while a buyer who refers

hubs and entertainment for

Triconic Tower also comprises

“We will be using the Total

the consumers’ convenience.

three levels of car parking lots

Bathroom Solution which

another buyer will get RM2,000 as a referral fee.

provided for the residents

surpasses traditional

“We want to create a single With 768 units planned for

within the curtilage of the

bathrooms whereby this

environment where one can

the condominium project, the

property.

solution emphasises on safety

experience the very best

developer has set its eyes on a contemporary, innovative and

and comfort in the bathroom

from a jacuzzi pool to a gym

Triconic will also be equipped

with features like anti-slip tiles,

under one roof. It’s about

with a gymnasium, steam and

comfortable design to suit the

seamless material for easy

convenience in a livable

sauna rooms, changing rooms,

needs of urban dwellers.

cleaning utilising the lotus-

community,” he said.

jacuzzi pools and outdoor table

leaf-inspired bionic surface

tennis area, a separate steam

technology, quick drying

and sauna rooms.

materials and functional usage

Kinsabina Chief Executive

All units are designed to

Officer Datuk Francis Goh said

capture and maximise the

he understood the need of

surrounding views. The three

A tuition centre and a

buyers and hence, will continue

blocks will have a swimming

convenience store, function

to build more condominiums

pool, a children’s playground,

hall, indoor game room,

to meet the ever-changing

badminton court, basketball

reading lounge and children’s

demands of the consumers.

court, courtyard garden and a

playroom are also included.

pond with gazebo.

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of space,” he said.

www.PropertyHunter.com.my

73

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HOT TOPIC

Overview of a

Sub-Sale Transaction Words by Wilson Lim, Sabahan Chung & Jason Lee

A “Sub-Sale Transaction” means buying a property from an individual (including a company) other than the developer.

E

very sub-sale transaction is unique and is usually regarded to be more complicated than a direct purchase of an under-construction property from the developer. Generally, it is because:

1. The parties are at liberty to negotiate and agree to the terms and conditions of the transaction; 2. Every sub-sale transaction is different [for example: (a) The transaction may or may not involve payment of the Real Property Gain Tax (RPGT); (b) The transaction may or may not involve redemption from the Seller’s existing financier; (c) The Purchaser may or may not obtain bank loan to part finance the purchase] Due to the ever changing nature and character of a sub-sale transaction, it is important to understand the general structure and steps involved.

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75

HOT TOPIC

The flowchart below seeks to give an overview of a sub-sale transaction Pay Earnest Deposit and Confirm Intention to Sell And Purchase

1

Redemption

4

The sub-sale transaction will involve redeeming the

Usually, once the Seller agrees to sell and the Purchaser

property from the Seller’s Bank if the Seller still has

agrees to purchase the property:

existing loan(s) with the Bank where the Property is

1. The Purchaser will pay an earnest deposit, usually

being charged (for individual title property) or assigned

(for master title property) as security for the said loan(s).

2% of the Purchase Price, to the Real Estate Agency (REA) or appointed lawyer, whom will hold the earnest

Generally, the Seller will utilise the purchase price paid by

deposit as the stakeholder for the parties; and

the Purchaser to settle the Seller’s existing loan(s).

2. The parties will confirm their respective offer and/ or acceptance to purchase or sell by signing an

After full payment of the Seller’s existing loan(s), the Seller shall cause the Bank to:

Offer to Purchase (OTP) / Agreement to Sell (ATS) or other similar documents prepared by the REA or the

1. Discharge its interest on the said property by an instrument called the Satisfaction of Charge (for

appointed lawyer.

individual title property); or

Sale and Purchase Agreement (SPA)

2

Here, the parties will sign the SPA and other related documents prepared by the appointed lawyer.

Before signing the SPA, it is important:

1. For the Purchaser to verify if the Seller is the rightful owner of the property;

2. For the parties to verify if the details and description of the property stated in the SPA corresponds with the one which the Seller intends to sell and the one which the Purchaser intends to buy; 3. For the parties to verify and confirm the purchase price and the payment method stated in the SPA; 4. For the parties to understand their respective duties, obligations and potential liabilities under the SPA (for example, the liability to pay for liquidated damages in the event there is late payment or late delivery of vacant possession).

Loan Documentations

3

2. Reassign the rights, title, interest and benefits in and to the property and the SPA back to the Seller by an instrument called the Deed of Receipt and Reassignment (for master title property).

5

Disbursement by Bank and Full Payment The Purchaser needs to make full payment of the

purchase price within the time frame stated in the SPA which would include getting the Purchaser’s Bank to

disburse the full loan within the said time frame too.

In most cases, the Purchaser will risk paying late payment interest to the Seller if the Purchaser fails to make full payment within the said time frame.

6

Handing Over After full payment has been made, the Seller shall deliver the vacant possession of the property to the Purchaser within the time frame stated in the SPA.

Generally, the Purchaser will pay the purchase price by: 1. The Purchaser’s own money that is readily available; or 2. The assistance of a loan granted by a financial institution.

If the Purchaser does obtain a loan from a financial

institution to partly finance the purchase, the Purchaser is required to execute the necessary loan documentations which will be prepared by the lawyer appointed by the financial institution.

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This article is intended for general awareness purposes only and should not amount to any form of advice. While every effort has been made to ensure the accuracy and correctness of the calculations, contents, information or data contained herein, the writer accepts no liability for loss or damage suffered or incurred by anyone as a result of the reliance on this article or howsoever arising from the use of the information or material set out herein.

www.PropertyHunter.com.my

77

NEWS

Titijaya, China Railway Enters East Malaysia Titijaya Land Berhad is

sector to further enhance

pleased to announce that the

the built quality and project

Company has today entered

implementation. In turn, CREC

into a Framework Agreement

stands to tap into the growing

(“FA”) with CREC Development

property market in Sabah

(M) Sdn Bhd (“CRECD”) to

through collaborations with

collaborate on a property

Titijaya. With the strong CREC

development project known

presence in China, The Shore

as The Shore, Kota Kinabalu.

shall attract more investors

A filing with Bursa Malaysia today (Feb 27) shows that the collaboration between Titijaya and CRECD records the provisional intention of

from China, particularly those who favour the commercial and residential property industry, as well as hospitality property investment.”

SB

Mr. Wang Youping, Managing Director China Railway Engineering Corporation (M) Sdn Bhd, Mr. Zhao Xiaoping, General Manager China Railway Engineering Corporation (Sabah) Sdn Bhd, Tan Sri Dato Sri’ Pheng Yin Huah, President The Federation of Chinese Associations Malaysia, Consul-General Chen Peijie, Consulate General People’s Republic of China in Kota Kinabalu, Tan Sri Dato’ Lim Soon Peng, Group Managing Director Titijaya Land Berhad, Y.B. Datuk Seri Panglima Raymond Tan Shu Kiah, Depuy Chief Minister of Sabah, Mr. Lim Poh Yit, Deputy Group Managing Director Titijaya Land Berhad Mr. Philip Lim, Country General Manager Ascott International Management Malaysia, YBhg. Datuk Awang Shah, Chairman Blu Waterfront Development Sdn Bhd, Mr. Ronald Tay, Chief Executive Officer Ascott Residence Trust Management Limited

both parties, with respect to

“Having The Ascott group

the Engineering, Procurement,

on board, whom has deep

Construction and Commission

presence in Greater China, will

Agreement, joint marketing

surely help elevate branding

Acquisition enables Titijaya

government has also been

collaboration for The Shore, as

and augment the future

to immediately gain access

very encouraging in promoting

well as participation in business

development value of The

to 75.44 acres of prime land

its tourism industry to make

opportunity offered by Laksana

Shore, and attracting tourists

within the high-growth and fast

it another major source of

Wawasan Sdn Bhd, beneficial

from Greater China, such as

maturing central development

income for the state, to drive

owner of the Proposed Ascott

Mainland China, Hong Kong &

spine of Sabah. The Land is

its economy. All these efforts

Hotel.

Taiwan”, he added when asked

situated in the prime area of

and catalysts shall certainly

about the signing with The

Sabah, strategically located

help to improve the demand

Ascott Ltd.

near notable local landmarks

for commercial and residential

such as The Bank Negara

properties in Sabah,” he added.

Concurrently, Titijaya also signed a Serviced Residence Management Agreement with

The FA between Titijaya and

The Ascott Ltd (“Ascott”) for The

CREC has signed a share

Shore. Under the agreement,

sale agreement (“SSA”) for

Ascott will manage the serviced

the proposed acquisition of

residence components of The

entire issued share capital

Shore, for a contract period of

(“Proposed Acquisition”) of Sri

15 years.

Komakmur Development Sdn

He added that The Shore takes

use commercial hub docked

Bhd (“SKDSB”) for a purchase

up just 1.82 acres of the total

within a prime waterfront

consideration of RM70.9

75.44 acres of land that the

enclave of Kota Kinabalu. Its

million. SKDSB is the registered

Company has acquired from

unique U-shape design makes

owner of 3 parcels of land

the Vendors. Thus, Titijaya

it the first of its kind within

in Sabah, measuring a total

and CREC are both keen to

the vicinity. With 25 storeys in

of 75.44 acres, which has a

explore the possibilities of

total, the development shall

cumulative market value of

further collaborations in the

comprise 561 units in built-up

RM172.64 million. The Shore is

property development scene in

sizes ranging from 409 sq. ft.

located in Kota Kinabalu, with

Sabah, to establish more new

and 541 sq. ft., with a price tag

a total land area of 1.82 acres.

landmarks in the state.

starting from RM453,000.00.

CREC is one of the world’s largest construction companies, developer of Bandar Malaysia, as well as JV partner with Titijaya on a project in Embassy Row. On the other hand, Ascott is the world’s largest international serviced residence owneroperator with over 26,000 units in key cities around the world.

Speaking after the signing of FA with CRECD, Tan Sri Dato’ Lim Soon Peng said: “By entering into the FA, The Shore will be able to leverage on CREC’s strength in the construction

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Building, Royal Malaysia Custom, Bukit Padang Hospital,

Located on the last vacant land

Sabah Golf & Country Club,

in the heart of Kota Kinabalu

among other buildings of local

City Centre, The Shore is a

major government bodies.”

new waterfront premium class hub that entails luxury mixed-

The SSA will be satisfied via

The project is expected to be

internally generated funds and

“Additionally, there are more

completed within 48 months

bank borrowings.

direct flights to Sabah these

from the commencement of

days, which provide greater

construction.

Commenting on the Proposed

connectivity from various

Acquisition, Titijaya Land

countries. This will further

Berhad Group Managing

promote the tourism industry

Director Tan Sri Dato’ Lim Soon

and ignite a vibrant business

Peng said: “This Proposed

environment. The Sabah state

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79

HOT TOPIC

Sustainable City

Is Kota Kinabalu Doing What It Should To Become One? Cities were the promise of a better life, and although today, they are brimmed with energy and dynamism, urbanisation also means negative impacts like traffic congestion, pollution, high living costs and urban decay. Cities of the world take up 4 percent of the earth’s surface, with more than half of the world’s population occupying them. That percentage will only increase by 60 percent by 2030 and by 2050, cities will absorb most of the world’s population, according to the United Nations.

Words by Property Hunter

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A

sustainable city or ecocity is a city that is designed with environmental impact in mind. With no definitive definition of what a sustainable city should be, developmental experts agree that a

sustainable city should be able to meet the needs of our current generation without compromising the needs of future generations.

As populations grow, communities and societies change; and to minimise negative impacts, long-term planning is needed where attention to its benefits outweigh the costs. By not addressing and tackling these urban issues early, cities could become less sustainable, less productive, and less liveable for its inhabitants.

By 2025, Copenhagen will be the first capital city in the world to become carbon neutral. With this ambitious goal and strategic urban planning, the city has adopted a comprehensive and targeted carbon reduction Master Plan. This has allowed Copenhagen to reduce car usage and CO2 emissions whilst improving its resident’s quality of life.

There are certain advantages for leaders and environmentally-conscious developers to define and work towards a sustainable city. Strong leadership and meaningful partnerships between the government, private sectors and the citizens is necessary. Lucy Warin, project manager at Future Cities Catapult said, “Smart people make smart cities and any sustainability solution should start and finish with its citizens.�

Sure, planning and building for large communities do provide both challenges and opportunities. But for a city to be sustainable, it should be able to: sustain itself with renewable sources of energy; create the smallest ecological footprint; produce the least amount of pollution; to use land efficiently and; convert waste to energy.

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81

I

HOT TOPIC

n the long-term view, this makes

has been overlooked and has often

the theme “Nature Resort City”, we

financial sense as opposed

been an afterthought. By 2022, the

need to ask ourselves: What have

to opting for temporary,

region will see more people living in

we done so far to achieve this? And

inexpensive fixes that also

the cities than in rural areas. This is

have these projects and initiatives

affects the people and the

something that we all need to bring

been successful?

environment. Seeking for long-term

to attention if we want our future

solutions also forces technological

generations to be able to thrive and

Just like Indonesia’s efforts,

innovation. In Indonesia, innovative

live with hope.

engagement and transparency

apps like CityPlan (which allows

between the government and

people to monitor the urban

Kota Kinabalu has the right

KK-ians need to be initiated.

planning and development of

dynamics of becoming a model

Suggestions and ideas need to

the city) and the “trash bank”, a

green city in Asia, with its vast

come from the grassroots – it’s

programme whereby its people

natural surroundings and still

people – instead of the other way

can borrow cash in exchange for

relatively low population. Let’s not

around. After all, it is they who

trash, have given its poorest people

overlook the great opportunities

will benefit greatly from this. And

access to savings and credit, whilst

that can be done before things

when people feel included in the

reducing the waste that pollutes its

get harder to change as the city’s

conversation, and their ideas of

environment and landfills.

population grows.

making their city a better, more

According to the Asian Development

With SEDIA’s (Sabah Economic

people will feel a sense of liberation

Bank, Asian cities have grown faster

Development & Investment

and will likely contribute more

than any other urban areas in the

Opportunity) plans to transform our

towards the city and its economy.

world. Yet, proper urban planning

city into a Green City in-line with

liveable place to live in materialises,

Inward investment is made to the CBD

Communities work together to deal with issues such as crime and security and community links are strong

Public transport is considered a practical alternative to cars

Cultural and social amenities are accessible to all

Public transport is safe and reliable and efficient

Walking and cycling is safe

Key Features of a sustainable city

New homes are energy efficient

Have some areas of open spaces that are safe, accessible and enjoyable

Resources and services in the city are accessible to all

Renewable resources and used instead of non-renewable resources wherever possible

There’s access to affordable housing

Waste is seen as a resource and is recycled

A sustainable city will grow at a sustainable rate and use resources in a sustainable way.

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What can we do to turn KK into a sustainable Asian city?

there (just look at the waste that you

each day. Best thing is, the revenue

throw out on a daily basis) that it could

from the Pricing System could be used

be a big business opportunity if done

to fund or maintain Kota Kinabalu’s

properly and systematically. In a lot of

other green infrastructure projects

cities around the world, recycling is a

such as creating more efficient public

source of income for some individuals

transport, building more overhead

and companies that recycle waste

bridges (very important), adding more

Different cities will have different

helps create more job opprotunities.

pedestrian walks and adding more

resources and requirements towards

The municipality should look into

plants and trees around the city. Giving

becoming a green city. What can we

recycling programs like Indoneisa’s

commuters more efficient public

do to make our beloved city KK a more

‘trash banks’ and recycling vending

transport options and walking facilities

sustainable and efficient place to live in?

machines that take in plastic bottles in

without needing a car is definitely a key

exchange for money or gift vouchers.

element to a green city.

1 3 4 2 Create more green spaces There’s scientific proof that having

more interactions with gardens and natural spaces rewards us with a

variety of mental, physical and social

Also, more recycling stations (not bins) around the city and residential areas

are needed for those who actually do want to recycle.

Give incentives and awards for new and old buildings Many cities of the current world just weren’t designed with energy

Introduce Road Pricing Scheme and make public transport more efficient

conservation in mind and buildings

Traffic jams are one of the major

powering buildings. Reducing the

problems in cities and urban

use and wastage of energy should

commuters spend hours each day

be essential to any city’s goals.

being stuck in traffic. We all know too

The common misconception of

well that having too many cars on

energy-efficient buildings is that it’s

the road simultaneously produces

expensive. However, the savings and

significant amounts of unhealthy

environmental benefits throughout the

pollution, not to mention affects

lifetime of a building far exceeds the

mental health and productivity. Road

initial costs to build. The municipality

Pricing is one way to manage traffic

or state government can take a few

growth. In Singapore, about 65% of

approaches and innitiatives through

commuters now use public transport,

grants, rebates and tax incentives.

and the ERP (Electronic Road Pricing)

These funding mechanisms are very

system has curbed traffic significantly

Bring more awareness into recycling

useful for projects with steep upfront

and has managed road space for the

expenses. Also, giving awards for

highest productive capacity, cutting

Recycling reduces the amount of waste

different segments and categories,

congestion, pollution, emissions, and

that goes into Sabah’s landfills, streets,

for things like sustainable design in

fuel use since it was introduced. The

rivers and oceans. It is estimated that

new buildings, energy conservation

annual revenue from the programme

it takes 20-1000 years for plastic bags,

practices for older buildings and

has made them about USD 50 million,

200 years for aluminium cans and

green efforts for small companies

creating a net profit of USD 40 million

about 500 years for plastic bottles

and businesses will help to facilitate

every year and the revenue is used

to decompose. Which is more than

and encourage developers, tenants,

for construction and maintenance of

our own lifetime! Also, when items

management and even individuals to

roads and public transport.

are recycled, as much as 95% of

engage in positive, healthy practise and

With the introduction of the car sharing

energy used is saved compared to

dialogue.

apps Uber and Grab last year and with

manufacturing a new one. In addition

the BRT (Bus Rapid Transit) anticipated

to offering environmental benefits,

to complete in 2020 in Kota Kinabalu,

it can also help stimulate economic

all these components should be able to

growth. There is so much waste out

help ease our traffic that’s on the rise

benefits. It also helps to reduce

crime and pollution. City planners,

governments and public citizens in

many cities are starting to appreciate

the importance and benefits of having green spaces to improve quality of

life in urban areas. One idea is to turn

the former Land & Survey building – a

pre-war building that was destroyed by a fire in the 90s – into a small city park.

By keeping the remains and pillars of the old foundation and putting

plants and trees and a few benches

for people to sit would give the place a

new life and give this historical building the proper homage it deserves.

account for about 40% carbon dioxide emissions from heating, cooling and

What do you think about these ideas and do you think they can be easily applied here? What are your own ideas to make Kota Kinabalu more sustainable?

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83

NEWS

Donggongon to Be a More Happening Place

SB

Several developments have

to the Penampang General

truckers while the

been tipped to take shape

Market and we aim to make

other half will be for

in Penampang soon. A food

Donggongon a hub. “The night

the night market

truck site, a night market

market and the business on

traders, with the

and a jogging track are on

wheels will occupy the parking

spaces being able

the cards as the Penampang

space next to the General

to cater to up to

District Office plans to open

Market from 6pm to 11pm,”

15 trucks and 30

these new outlets latest by

she explained.

traders.

April this year.

Development on the Donggongon-Papar stretch

Also present at the swearing-in

Koisun also noted

Koisun said these plans

This comes while Penampang

ceremony were Assistant Local

the draft of a parking by-law

will augur well with the Visit

District Office awaits the

Government and Housing

had also been submitted to

Penampang Year scheduled

gazettement of the newly-

Minister Datuk Joachim

the Local Government and

for 2018 for which numerous

improved local plan.

Gunsalam, Penampang Barisan

Housing Ministry and hoped it

programmes have been

Nasional Chairman Datuk

would be gazetted this year.

planned by the Penampang

District Officer Luvita Koisun

Donald Mojuntin, Penampang

announced these during the

Umno Chief Datuk John

Also on the pipeline, a

swearing-in ceremony of the

Ambrose, Sabah MIC Chairman

proposal has been made

Penampang councillors on

Datuk V. Jothi and Sabah MCA

to set up Penampang’s first

Koisun also announced the

Adviser Senator Datuk Paul

dedicated jogging track from

District Office had generated

Kong and Penampang District

Donggongon along the Jalan

a surplus of RM1.6 million for

Council Chief Executive Officer

Kepayan by-pass road with

the financial year 2016 after

Tang Yang Ming. Joachim was

the turnaround point set at

executing 36 infrastructure

representing the Minister

Padimas Point.

upgrading projects valued at

Monday.

The move would make Donggongon more “alive”, she said, “as it is dark and quiet during nightfall, except for just some drinking joints.”

“We have identified the location for the night market right next

“We have proposed the project

period.Titingan and other

A portion of the parking area

and hope to get funding for

guests.

will be slotted for the food

this soon,” she said.

SB

The firm building the flyover

He said the firm was working

at the Kolombong Ring Road-

with the Public Works

Jalan Kolam intersection has

Department (PWD) and

installed a drain along the

consultant to come up with a

slope where drivers ascend

permanent solution. Asked the

from the City Mall area,

reasons for the problem, the

following Saturday’s flash

said the design of the flyover

flood.

was partly to blame.

A spokesman for the

“There is a little bend or curve

management said this should

at one point where the water

provide temporary relief for the

collects.

problem created by the run-off.

“The road level at this section “We hope the rainwater will be

was designed at a higher level

syphoned away faster, instead

and the run-off tends to pond

of pooling on the slope,” he

in the middle.”

said.

He said roadside drainage, “However, we will only be able

including “weep holes” were

to determine the effectiveness

also not part of the flyover’s

of this strategy when it next

design.

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last year.

RM9.709 million in the same

Datuk Seri Hajiji Noor.

Action Taken on the Flyover Run-Off

rains heavily.”

Tourism Action Council set up

Jalan Lintas flyover

“The rainwater is supposed to

The spokesman said the firm

flow down the gradient and

received numerous complaints

away from the flyover.”

from motorists about this.

He was responding to

“We have had several meetings

complaints from two drivers,

with PWD officers on how best

one from Penampang the

to address this problem.

other from Kolombong, about the traffic hazards posed

“The agency’s director

by the water pooling on the

personally inspected the

flyover.

trouble spot on the flyover at the end February.”

A Department spokesman said

“Drivers risk losing control

JUDY of Kolombong bemoaned

the agency was in the process

and turning turtle when their

the jam on the flyover during a

of studying the problem.

vehicles impact on the pool,

downpour on a recent Friday

Judy decried the congestion

especially if they are speeding

evening.

on the flyover as making a

“We hope to do away with the

mockery of the structure.

up the incline,” he said.

ponding once and for all once

Lintas area that night.

“Two Kancils broke down in the

the other side of the flyover

“Alternatively, those behind

single lane going up the flyover

“Isn’t the flyover meant to ease

is completed by the middle

might wind up colliding with

from the City Mall area,” she

the traffic jam which forms at

of the year,” he said. “In the

oncoming traffic because of

said.

the intersection?

meantime, our staff will keep

the water splashed onto their

an eye on this situation.”

windscreen.” He said he had

“Apparently their engines had

“Instead, we now have a

noticed the water pooling on

become water-logged at the

situation with bumper to

the flyover on and off since

section where the rain-water

bumper congestion on the

traffic was first diverted onto

was ponding on the structure.”

flyover and the main roads at

the structure in December.

She said it took her 45 minutes

the bottom.”

TONY of Penampang said accidents could easily occur at the place where the rain-water collected on the flyover.

to travel from City Mall to the

Pan Borneo Highway to Change State’s Landscape Development Prime Minister Datuk Seri

Highway project in Sabah

Najib Tun Razak gave his

would be an overview of

assurance that the toll-

history as it would change the

free Pan Borneo Highway

landscape of development

network in Sabah will ease

and communication network

access to the oil and gas

throughout the State.

SB

economic corridor area between Sipitang and

“Sabah will get a complete

Kimanis.

toll-free highway network at an overall cost of more than

He said the Public Works

RM16 billion in five years.

Department, which had a high standard, would ensure this.

Development on the Donggongon-Papar stretch

This is the contribution of the

jobs for the people in Sabah

It was part of the first phase of

Federal Government. I want

and Sarawak as well as

the 706km Pan Borneo mega

“This is not a timber or

to say this is not over yet. If

business opportunities for

project starting from Sindumin

kampung road. This is a

the financial situation permits,

local contractors.

to Kudat on the west coast

world-class highway. This is

we will give more allocations

my commitment as Prime

for highway development for

Minister,” he said in his speech

Sabah. We want Sabah to

when launching the Sabah Pan

change because the State has

Borneo project in Sindumin on

a high potential,” he said.

Saturday (March 4).

“The people of Sabah also Also present were Chief

want to enjoy highways. Right?

Minister Datuk Seri Musa

Surely, it is not only for the

Aman, Deputy Chief Minister

people of the peninsula.

Tan Sri Joseph Pairin Kitingan, who is also State

And, the reality is, today is a

Infrastructural Development

historical occasion for Sabah

Minister; Work Minister Datuk

because the first kilometre

Seri Fadillah Yusuf and his

of the Pan Borneo Highway

deputy Datuk Rosnah Abdul

for this State starts from

and from Ranau to Sandakan, “I will also ensure only local

Lahad Datu and Tawau on the

contractors will work on the

east coast.

Pan Borneo Highway project.

The project would change the Despite the joint venture with

landscape of Sipitang district,

foreign contractors, the main

which would experience a

jobs must be given to locals,”

transformation when the

he said.

Pan Borneo Highway project

Najib also launched the groundbreaking ceremony for a project to upgrade the 28.4km Sindumin-Kampung

was fully completed and to simultaneously become the catalyst in the development of Sabah.

Melalia Road, Sipitang at a

Najib also launched the Pan

cost of RM600 million. The

Borneo Highway projects in

Rashid Shirlin.

Sindumin,” he said.

project involved upgrading the

Kampung Andus, Papar for

existing two-lane road to four-

Papar-Donggongon Road;

Najib was also determined to

At the same time, Najib also

lane and would entail building

Tawau-Semporna Road (5km);

ensure that the Pan Borneo

said the Pan Borneo Highway

two-tiered interchanges and

and Lahad Datu Bypass (7km)

project could create 400,000

three bridges.

last year.we do,” Leong added. www.PropertyHunter.com.my

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HOT TOPIC

Do Green Property Managers Attract More Considerate Residents?

Imagine a world where every home is powered by the sun and its water supply only comes from rain. Solar power and rainwater harvesting might not be feasible and are expensive, but today’s prospective young tenants are more eco-conscious and are looking for apartments and condos that provide eco-friendly facilities for a greener, greater community. As property managers, what else can you do to green your property?

Words by Property Hunter

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87

HOT TOPIC

G

oing green has become increasingly

combination of trees, shrubs and perennial plants can

attractive and trendy as the people

also reduce maintenance and require less watering.

today are more conscious about the

For food production, consider developing a space for

environment and about living the green habits. The advantages are there for

all to see - not only are these practices better for the environment, it also lengthens the span of the property and is more cost efficient in the long run.

Today, many property managers are experiencing the benefits of going green. They understand the environmental benefits, but they also realize that they can save a significant amount of money. If you’ve been in management for many years, you’ve likely already addressed the main essentials of your building’s ecofriendly performance. However, it is imperative to

community gardens. It not only encourages residents to

address the little things that can truly make a green

spend time outside but it also encourages them to care

community, green.

for outdoor areas around their building and to engage and socialize with their neighbours. Perhaps also have

Boosting your property’s energy efficiency not only

a composting bin or programme for residents. It is

makes it more desirable and saves money for the

essential to make sure that the landscape is maintained

renters who live there, but makes the property a better

properly.

investment. Making your home green can reduce waste and minimize pollutants while saving you money on your

Switch to LED or CFL Lights

utility bills and attracts more responsible renters.

For both property managers and prospective tenants/ residents, living a “green” lifestyle can have benefits on both on your personal life and the planet. Sustainable energy and green products can benefit your wallet, health, and your neighbours. Going green is beneficial monetarily and can improve your overall quality of life.

GUIDE TO GOING GREEN Be an expert in “going green”, but then also be a good teacher as well. Educate your tenants, neighbours and friends on how to keep themselves and the property they are renting as healthy as possible. Here are some

Reduce the environmental footprint by replacing all the

small steps you can take to make your community

light bulbs with LED and CFL bulbs, which uses 75% less

greener.

energy and lasts 10 to 25 times longer, compared to the

Green Landscaping

88

standard incandescent bulbs. Both LED and CFL lights emit less heat, thus directly saves you more energy.

To reduce the use of water and chemicals, it’s best to

Installing motion-sensor lights in non-essential areas

develop a high-performance landscape. You can provide

for both inside and outside of the building can also save

sufficient soil and appropriate selection to minimize

you valuable money and it also means that the lights will

use of fertilizer, water, and maintenance. Planting a

only come on when it needs too.

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Create a Recycling Station

Choose Low-VOC Products

Make sure you have a designated recycling area with

If you’re planning to renovate your property or painting

clearly labelled prints; paper, glass, plastic and metal

walls in a new property, choose low-Volatile Organic Compounds (VOC) products that will reduce your environmental impact and improve your indoor air quality.

Choose Energy-Efficient Products Look for new appliances that have the Energy Star label, because they use around 15% less energy than non-labelled appliances. Appliances like refrigerators, ovens, and washing machines. Tenants love using these energy-efficient appliances because it costs them less money on their utility bills and produce less carbon footprint. and conduct more rigorous checks on the bins to increase recycling habits in your area. This itself, will lead

Find Durable Products

to a healthier environment and healthier lifestyle.

When you’re purchasing goods for your property,

Repair Whenever Possible

look for affordability and durability. An investment in

Whether it’s a porch railing or a dent to the roof, if you have a choice between repairing or replacing it, try to

an appliance which is, for example, RM300 - RM400 cheaper is not much of an investment if the product breaks in less than 10 years instead of its 15 years repair it first. Create a regular maintenance program to

guaranteed lifespan. Look at the complete life cycle of

take care of the surrounding of your properties so that

the product before purchasing it.

any small problems that comes from the tenants can be solved easily.

Going green can save you money in

energy is regarded a clean renewable

Many people today, especially those

a variety of ways in the long run. For

energy source, with great potential

concerned with climate change, care

example, buying a Hybrid car will save

for environment-friendly electricity

about the advantages of sustainability

you money in fuel costs and will get you a

generation. Obtain a couple of estimates

and conservation. If you’re able to tell

special discount as per the Government’s

from solar companies to see how feasible

potential tenants that your rental units

incentives for hybrid cars. And Hybrid cars

it would be to have them installed.

meet energy-saving criteria, you’re likely to

are becoming increasingly popular among

To strengthen the development of

find this an important attraction to a more

Malaysian drivers!

green technology, the Government will

caring group.

continue to provide incentives in the Sure, the initial cost of installing solar

form of investment tax allowance for the

Make your property greener for a better

panels in your home is costly, but in

purchase of green technology assets

community!

the long run, it will actually save you

and income tax exemption for the use of

thousands in home energy costs. Solar

green technology services and system. www.PropertyHunter.com.my

89

NEWS

Developers Urged to Comply With Housing Agreements Developers are urged to

Wong also pointed out that

provide quality housing as

with the active participation

well as to be courteous at

of Sarawak’s Housing Claims

meeting their stated project

Tribunal, home buyers are

delivery timeline, as stated

now more aware of their rights

in their sales and purchase

when it comes to their housing

agreement with the buyers.

purchases.

Sarawak Housing and

“Therefore, developers

Real Estate Developers’

should comply to what has

Association’s (SHEDA)

been stated in the sales and

president Joseph Wong said

purchase agreement. We

this during a press conference

hope that developers will build

following the official launch

quality houses and deliver

of the sale of booths for the

them on time,” he said.

upcoming SHEDA Property Expo 2017.

“I urge developers to be more courteous in delivering their housing projects on time as well as build according to the specs as agreed in the sales and purchase agreement.

“The quality of the houses should meet the regulated standard. House purchasers now are more observant about their purchases,” he said.

Meanwhile, on the current demand in housing properties, SHEDA Property Expo 2017, organising chairman SR Gary Kho Thong How, who is also senior manager of CMS Property Development Sdn Bhd, also pointed out that based on research

by Institute Rakyat, Sarawak suffers from a combination of weak

SW

household incomes and house prices that are far higher than the average household income could afford.

He noted that developers would be compelled to build according to what the market demands and what buyers could afford rather than what developers prefer.

to brief SHEDA members on the developments in the property industry, especially on issues relating to the housing development industry.

During the forum, Wong had also discussed SHEDA’s e-library, the housing housing development

developers to use the expo

regulations and more.

strategically to capture the imagination of investors and

He also briefed the members

home buyers by creating a

on affordable housings which

platform to boost market

SHEDA had proposed to the

presence and brand

state government.

awareness, as well as to share details of up and coming developments which

He hoped he could receive the outcome of the proposal from

Sarawakians can anticipate.

the state government, soon.

The launch of this expo on

could be approved, SHEDA is

Thursday (February 16) was

committed to building more

also in conjunction with forum

affordable housings for the

and lunch with SHEDA’s

middle-income group

He added, if the proposal

IN

Now, a new law seeks to make

As the latest URA decision

is to enforce a crackdown

these rules more binding

was agreed, National

on Airbnb rentals after

by granting URA officers

Development Minister

legislation was passed to

more power over calling up

Lawrence Wong said

put a final end to short-term

individuals for questioning.

in parliament that the

home subletting in the city.

The officers will also be

government was considering

permitted to demand relevant

a new type of private

documents from home-

residence for which short-

owners, record on-site video

term rentals would be

evidence, and conduct forced

approved.

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state council the opportunity

He, therefore, urged

The Singapore government

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forum was to give SHEDA’s

developers’ ordinance,

Singapore Rules Airbnb Short-Term Rentals Illegal

Under current rulings, set out by the Urban Redevelopment Authority (URA), home-owners in Singapore are banned from renting out their homes for rentals shorter than six months.

Those who are found in violation of this measure can be fined up to S$200,000 (approx. £114,000) or sent to jail for up to a year.

president. The purpose of the

entry into suspected homes.

He explained: “New ‘Allowing residences to be

residential sites can be sold

used for short stays leads to

with such an approved use,

high turnovers of occupants,

allowing flexibility for short-

and gives rise to nuisance

term rentals. For existing

and safety concerns. Most of

residential buildings, they

us do prefer some familiarity

would then require planning

with the people who live

permission for change of use,

around our homes…’ the URA

and this would be subject to a

wrote in a statement.

set of guidelines which URA is

looking into.”

Airbnb has faced its fair share of controversy globally. Those who support the platform believe that the service allows travellers to rent more affordable accommodation, while others accuse the company of hurting housing markets and threatening safety in residential areas.

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91

APARTMENT FOR SALE

Extracted from PropertyHunter.com.my

*Listing are accurate at the time of print. Kindly contact the respective agents for updates.

For more real estate listings, please visit www.propertyhunter.com.my

92

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APARTMENT FOR SALE

Extracted from PropertyHunter.com.my

*Listing are accurate at the time of print. Kindly contact the respective agents for updates.

For more real estate listings, please visit www.propertyhunter.com.my www.PropertyHunter.com.my

93

CONDOMINIUM FOR SALE

Extracted from PropertyHunter.com.my

*Listing are accurate at the time of print. Kindly contact the respective agents for updates.

For more real estate listings, please visit www.propertyhunter.com.my

94

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CONDOMINIUM FOR SALE

Extracted from PropertyHunter.com.my

*Listing are accurate at the time of print. Kindly contact the respective agents for updates.

For more real estate listings, please visit www.propertyhunter.com.my www.PropertyHunter.com.my

95

SEMI-DETACHED FOR SALE

Extracted from PropertyHunter.com.my

*Listing are accurate at the time of print. Kindly contact the respective agents for updates.

For more real estate listings, please visit www.propertyhunter.com.my

96

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TERRACE / LINK FOR SALE

Extracted from PropertyHunter.com.my

*Listing are accurate at the time of print. Kindly contact the respective agents for updates.

For more real estate listings, please visit www.propertyhunter.com.my www.PropertyHunter.com.my

97

98

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