06
JAN
2016 WEDNESDAY
Results foR staRPRoPeRty.my BuyeRs sentiment suRvey 1H 2016 Pessimism prevails at present, but optimism for improvements remains. > P02
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INSIDE THIS ISSUE
GrEENING AllUrE of AUSTrAlIAN mAlAySIA’S offICES rEAl ESTATE need for nAtionAl policy on green buildings. > P06
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AustrAliA’s firm fundAmentAls in its nAtionAl economy, educAtion, business trAnspArency And globAl competitiveness mAkes the country An AttrActive destinAtion for reAl estAte investors. > P07
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moUNT AUSTIN, ColoUrfUl plACE To lIvE, work AND plAy
With A Well-estAblished toWnship filled With All the necessities of life, the right property for first-time homebuyers or investors is just A step AWAy. > P08
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
02
COVER STORY
Results foR staRPRoPeRty.my BuyeRs sentiment suRvey 1H 2016 Pessimism prevails at present, but optimism for improvements remains.
By Mak kuM Shi
makks@thestar.com.my
and NuRuL aSMui MD aZMi asmui@ocision.com
S
tarProPerty.My had recently conducted a survey to measure house buyers’ sentiment on the national economy and the property market for the years 2015/2016. House buyers’ sentiment on the present and future state of the national economy and the national property market, as well as the present and future impact on house buyers' cost of living and ability to purchase properties, were pessimistic. Based on a sample size of 935, a substantial number of respondents were pessimistic about the present state of the national economy. The breakdown in results are as follows: 9.4% (very pessimistic), 36.8% (pessimistic), 40.2% (neutral), 12.3% (optimistic), and 1.3% (very optimistic). Similar expectations for the future state of the national economy within the next one year prevailed. The breakdown in results are as follows: 9.5% (very pessimistic), 36.8% (pessimistic), 33.5% (neutral), 18.1% (optimistic), and 0.8% (very optimistic). Sentiment for the present state of the national property market appeared to be marginally better, compared to sentiment for the present state of the national economy. This result is in spite of the fact that sentiment for the present state of the national property market was pessimistic. The breakdown in results are as follows: 7.7% (very pessimistic), 32.0% (pessimistic), 39.9% (neutral), 18.5% (optimistic), and 1.9% (very optimistic). Sentiment for the future state of the national property market within the next one year appears to be improving, even though sentiment remains pessimistic. The breakdown in results are as follows: 12.6% (very pessimistic), 24.6% (pessimistic), 36.0% (neutral), 23.1% (optimistic), and 3.7% (very optimistic). a significant majority of respondents have had their cost of living impacted by the present state of the national economy. The breakdown in results are as follows: 38.7% (severe impact), 56.1% (moderate impact), and 5.2% (no impact). When compared to the present, expectations of the future impact, within the next one year, on the cost of living, were pessimistic. The breakdown in results are as follows: 9.8% (very pessimistic), 42.0% (pessimistic), 32.0% (neutral), 14.1% (optimistic), and 2.1% (very optimistic).
“Based on the survey results that were compiled, StarProperty.my found that income levels, household debt, and mismatch of budget and price were the top three factors that posed the greatest challenges when buying properties for respondents.
> Infographic by StarPrOPerty.My > Design by KWONG CHee OON
What is your view of the present state of the national economy?
12.3% 40.2%
36.8%
Neutral Very pessimistic Pessimistic Optimistic Very optimistic
What is your view of the future state of the national economy within the next one year? 36.8%
9.5%
9.4%
33.5%
18.1%
Neutral Optimistic Very pessimistic Pessimistic Very optimistic
What is the impact of the present state of the national economy on your cost of living? No impact Moderate impact Severe impact 38.7%
When compared to the present, what is your expectation of the future impact, within the next one year, on your cost of living? 9.8% Pressimistic
14.1% 42%
56.1%
Neutral Optimistic Very pessimistic Very optimistic
32%
What is your view of the present state of the national property market? 18.5% 7.7% 39.9%
32%
Pessimistic Neutral Very pessimistic Very optimistic Optimistic
What is your view of the future state of the national property market within the next one year?
24.6% 23.1%
36% 12.6%
Neutral Very pessimistic Optimistic Pessimistic Very optimistic
What is your sentiment of your present ability to purchase properties?
16.5%
45.7%
27.2% 8.7%
Pessimistic Very pessimistic Neutral Optimistic Very optimistic
What is your sentiment of your future ability to purchase properties within the next one year?
20.1%
38.3%
29.4% 9.2%
Pessimistic Very pessimistic Neutral Optimistic Very optimistic
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
03COVER STORY Respondents’ profiles
While pessimistic respondents outweigh optimistic respondents approximately two-to-one, almost half of the total number of respondents were neutral in sentiment, in respect of their present ability to purchase properties. The breakdown in results are as follows: 8.7% (very pessimistic), 27.2% (pessimistic), 45.7% (neutral), 16.5% (optimistic), and 1.9% (very optimistic). Interestingly, both optimism and pessimism rose in sentiment for buyers’ future ability to purchase properties within the next one year. The breakdown in results are as follows: 9.2% (very pessimistic), 29.4% (pessimistic), 38.3% (neutral), 20.1% (optimistic), and 3.0% (very optimistic).
The survey found that the majority of respondents had a gross household monthly income of RM1,500 to RM7,500. The breakdown in results are as follows: 18.4% (RM1,500 to RM3,750), 34.1% (RM3,751 to RM7,500), 15.4% (RM7,501 to RM10,500), 13.9% (RM10,501 to RM15,000), 8.6% (RM15,001 to RM37,500), and 9.6% (less than RM1,500 and over RM37,500). The majority of respondents were found to have budgets of RM250,000 to RM700,000 for their property purchase. The breakdown in results are as follows: 4.7% (less than RM100,000), 6.8% (RM100,001 to RM250,000), 39.8% (RM250,001 to RM500,000), 28.7% (RM500,001 to RM700,000), 13.4% (RM700,001 to RM1,000,000), 5.5% (RM1,000,001 to RM2,500,000), and 1.1% (over RM2,500,000). Kuala Lumpur and Selangor were the most preferred states in the search for properties for the majority of respondents. The breakdown in results are as follows: 53.7%% (Wilayah Persekutuan Kuala Lumpur), 33.9% (Selangor), and 12.4% (others). The top three preferred residential property types by responders are terrace, apartment/condominium, and semi-detach. The breakdown in results were as follows: 37.5% (terrace), 24.5% (apartments/ condominiums), 19.9% (semi-detach), and 18.1% (others). Roads and highways with tolls connected to properties would have an impact on respondents’ buying decisions. The breakdown in results were as follows: 8.2% (no impact), 65.3% (moderate impact), and 26.4% (severe impact). Family and workplace are the most important considerations for most of the respondents when they are choosing a location for their properties. The breakdown in results were as follows: 45.9% (family), 40.3% (workplace), 7.3% (friends), and 6.5% (schools). Based on the survey results that were compiled, StarProperty.my found that income levels, household debt, and mismatch of What is your gross household income?
18.4%
33%
8.6% 15.4%
13.9%
RM3,751-RM7,500 RM10,501-RM15,000 RM7,501-RM10,500 RM15,001-RM37,500 RM1,500-RM3,750 Over RM37,500 Less than RM1,500
budget and price were the top three factors that posed the greatest challenges when buying properties for respondents. The breakdown in results were as follows: 41.1% (income levels), 30.6% (household debt), 16.4% (mismatch of budget and price), 5.3% (financing margin) and 6.6% (initial payments, financing approvals, lack of affordable housing, banks requiring more documents, and credit history). More than half of the respondents have expressed their intention to make a housing purchase within the year 2016. The breakdown in results were as follows: 14.2% (before 1st April 2016), 16.7% (before 1st July 2016), 20% (before 1st January 2017), 14.4% (after 1st January 2017), and 34.7% (not sure). Respondent profiles for this survey were almost equally apportioned to home upgraders, first-time home buyers, and investors. The breakdown in results were as follows: 33% (home upgrader), 33% (first-time home buyer), 31.2% (investor), and 2.8% (company). Survey respondents were primarily interested to purchase a residential property for self-dwelling, upgrading, and investing. The breakdown in results were as follows: 32.1% (self-dwelling/own stay), 18.0% (upgrading), 17.6% (investing for both capital appreciation and rental yield), 11.1% (investing for capital appreciation), 10.5% (investing for rental yield), 7.7% (buying for family members), and 3.0% (holiday homes, staff accommodation, and others). Sentiment for crowd-funding as a form of property investment is primarily neutral with pessimistic tendencies. The breakdown in results were as follows: 9.9% (very pessimistic), 17.8% (pessimistic), 55.3% (neutral), 13.9% (optimistic), and 3.1% (very optimistic). In view of the current sentiment among house buyers, it is important for various stakeholders of the property market, including authorities, developers, real estate professionals and financial institutions, to address the challenges faced by house buyers and enable them to buy houses.
6.8% 5.5% 4.7%
What is your budget for your property purchase? 28.7%
RM500,001-RM700,000 RM700,001-RM1,000,000 RM250,001-RM500,000
39.8%
Less than RM100,000
13.4%
RM1,000,000-RM2,500,000 RM100,001-RM250,000 Over RM2,500,000
How would roads/highways with tolls connecting to your property affect your buying decision?
What is your preferred residential property type?
37.5% 19.9% 24.5%
Terrace Apartment/ Condominium Semi-detached Detached/Bungalow Serviced Apartment Cluster Townhouse Small office home office (Soho) Flat
What is your most important consideration when choosing a location? 7.3% 6.5% 40.3% 45.9%
Workplace Family Schools Friends
8.2% 26.4%
Severe impact Moderate impact No impact
65.3%
14.4%
When do you intend to make a housing purchase?
20%
What is your profile?
31.2%
16.7%
34.7%
33%
Before 1st January 2017 Before 1st July 2016
Home upgrader First-time home buyer Investor Company
33%
Before 1st April 2016 Not sure
14.2%
What are your greatest challenges when buying properties? 5.3%
30.6% 41.1% 16.4%
Credit history Household debt Mismatch of budget and price Income levels Financing margin Initial payments Financing approvals Lack of affordable housing Banks requiring more documents
After 1st January 2017
What is the purpose of your upcoming purchase? 10.5%
18%
11.1% 32.1%
17.6% 7.7%
Upgrading Self-dwelling/ Own stay Buying for family members Investing for both capital appreciation and rental yield Investing for capital appreciation Investing for rental yield Holiday Homes Staff accommodation
What is your view of crow-funding as a form of property investment?
13.9%
17.8%
9.9%
55.3%
Pessimistic Neutral Very pessimistic Optimistic Very optimistic
STARPROPERTY.MY WEDNESDAY 6 JANuArY 2016
04
FEATURED DEVELOPMENT
SpaciouS family garden-homeS IJM Land brings family homes to those who aspire a better lifestyle.
storey linked semi-detached homes, a first-of-its-kind for the massive township. Periwinkle is tucked away within the Flora Precinct of Bandar Rimbayu and will consist of 464 units of 32ft by 70ft sized linked semi-detached homes, as well as three units of single-storey bungalows. The low-density enclave is presented in a manner where all homes are strategically aligned in a linear-styled arrangement, along gardens and walkways, enjoying linkage to a periphery green cushion, as well as localised spaces for recreational use. Adding to that, up to 47 percent of the land within this residential enclave has been allocated for infrastructure and landscape. All homes in this phase are equipped with high specifications, such as solar powered water-heating systems that are connected to all shower areas in all bathrooms of each home. The homes also use rainwater harvesting systems for outdoor use, three phase wiring, air-conditioning points, with concealed piping, 2ft by 2ft porcelain tiles for living
By Viknesh Ashley
vikneshashley@thestar.com.my
A
RE you looking for a cozy family garden home, set amidst a tropical backdrop within the Klang Valley? Look no further as Bandar Rimbayu is offering just that! Neighbouring the matured Kota Kemuning is IJM Land Bhd’s (IJM Land) Bandar Rimbayu township. The settlement is rich with the characteristics of Mother Nature, and is set across a massive expanse of 1,879 acres of land within the Klang Valley, where land availability increasingly experiences shortage. Bandar Rimbayu offers a township that is stylishly landscaped with an array of trees that intertwine with man-made streams as well as lakes. The cohesive township will include a mixture of residential, commercial, as well as recreational components that are offered across four phases dubbed Flora, Fauna and Bayu, as well as a Commercial Hub. This township has also adopted the Crime Prevention through Environmental Design (CPTED) concept by implementing separation of pedestrian walkways from motorised lanes via placing green areas in between motorised lanes and walkways. Excellent planning of infrastructure has resulted in wide internal roads, underpasses and roundabouts for smooth connectivity
within the township. Such well designed streetscapes has made coming home to Bandar Rimbayu a great pleasure. The development is located close to many popular schools in the area which include SK Bukit Kemuning (2), SK Bukit Rimau, SK Bukit Kemuning, SJK (C) Chung Hwa and SJK (C) Khe Beng, SMK Kota Kemuning, as well as SMK Jalan Kebun. Aside from that, the township is also located proximal to shopping outlets, business centers, as well as many other basic amenities. Getting to the township is easy as it is located near major highway networks such as the KESAS, LKSA, SKVE, the ELITE highway and the West Coast Expressway. Ardent travelers would be pleased as the Kuala Lumpur International Airport (KLIA) is located about 35 minutes away from Bandar Rimbayu. Bandar Rimbayu holds a Gross Development Value (GDV) of RM11bil and is currently focusing on the launch of its third installment dubbed Periwinkle. This phase is unique as it features double-
“The cohesive township will include a mixture of residential, commercial, as well as recreational components that are offered across four phases dubbed Flora, Fauna and Bayu, as well as a Commercial Hub.
and dining areas, ceramic tiles installed up to ceiling height in bathrooms and the availability of several electrical points. Adding to that, high speed broadband is ready for connection within each home for buyer use. Each linked semi-detached home offered in Periwinkle comes with four bedrooms with attached bathrooms. The homes within Periwinkle come in sizes that range between 2,117 sq ft and 2,267 sq ft, and are presented in a unique concept of open side verandahs that are contiguous to the dining area. This design expands spaciousness and provides a modern appearance to each home. Wait no further and achieve your dream park lifestyle with Periwinkle. For more information, do head over to the Bandar Rimbayu sales gallery or optionally glance through the Bandar Rimbayu website at www.rimbayu.com for more information.
WEDNESDAY 6 JANUARY 2016
STARPROPERTY.MY
5
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
06
SPECIAL FEATURE
GreeninG Malaysia’s offices A Need for national policy on green buildings.
N influx of new office space in the Greater Klang Valley in 2015 and 2016 will put pressure on developers to fit out their buildings with more unique differentiating features in order to stand out from the rest in the market to angie@ compete for buyers and quality tenants. thestar.com.my Buildings with good business addresses and are equipped with value added features such as high broadband connectivity, MSC Malaysia and green-friendly features will be sought Angie Ng is the content editor of compared with the other conventional buildings. StarProperty.my. According to VPC Alliance (KL) Sdn Bhd managing director James Wong, at least 4.1 million sq ft of new office space are scheduled to come on-stream by end-2015 and another 1.25 million sq ft will be completed by 2016. The new stock is expected to cause rental and occupancy rates to move downwards. “The supply of Grade A+ office space that has MSC Malaysia status and Green Building Index (GBI) certification is just less than 10% of the total supply, and this will ensure that demand for these value added offices will remain resilient. In the meantime, Grade B and C offices are expected to witness further decline in rental and occupancy rates,” Wong said. Office buildings are known to generate high carbon emission, given the high consumption of electricity, water and other resources to run the countless number of office buildings that have sprouted up in our cities. Malaysia Green Building Confederation (MGBC) president Sarly Adre Sarkum observes that office buildings are high contributors to greenhouse gases, due to the amount of time office workers occupy them, as well as the more extensive mechanical and electrical fitting in the buildings. “Typically, an office building will be air-conditioned and will be energy intensive for approximately 10 hours a day. The building sector consumes about 50% of total electricity energy use in the country, which means it is the sector with the most opportunities to adopt energy efficiency and other green-compliance practices,” Sarly says. He says what is lacking in the country is a national policy on green buildings that ensures the level of sustainability content is consistent within new offices that shall be built. Sarly points out that green offices should excel in areas of energy efficiency, indoor environment quality, sustainable site planning, material use, water efficiency and innovation. “There are many green offices around the world but the best of them are referred to as Zero Energy Offices, which actually produce enough energy to run their entire operations, such as the ZCB or Zero Carbon Building in Hong Kong. “In Malaysia, buildings, such as Green Energy Office Building (GEO), which houses Greentech Malaysia; Low Energy Office Building (LEO) that is hosting the Energy, Green Technology and Water Ministry; and the Energy Commission Buildings; are all world-class examples of highly sustainable offices,” Sarly noted. As at Dec 15, 2015, 50% of the 335 GBI-certified buildings in Malaysia comprise of office buildings. Selangor and Kuala Lumpur have 122 and 108 green certified buildings respectively. They account for over 70% of all greencertified buildings in the country. Green Building Index Accreditation Panel (GBIAP) co-chairman Chen Thiam Leong says more local authorities have started to include the need for green buildings to attain GBI certification in their development order approval. Certain local authorities and also those at the state level have offered incentives for developers to go green. The types of incentives range from an increase in plot ratio to a reduction in approval processing fees. The GBI certification is only valid for three years and renewal of certification is required every three years to ensure buildings continue to remain green after their initial certification. To encourage sustainable green building maintenance, GBI has been pursuing the local authorities to accord separate incentives to the users to ensure that they continuously maintain their buildings as green for the long term period.
By
ANGIE NG
carving a niche Savills Malaysia deputy managing director Paul Khong places the number of green office buildings in the country at 335, of which 70% of the total being located in the Klang Valley. Among the notable green buildings include Damansara City, The Horizon, Bangsar South, Integra Tower, South Point Mid Valley, G Tower, Platinum Sentral, Menara 1 Sentrum, Quill Sentral and Menara Shell in KL Sentral. Khong said many multinational corporations are keen to be sited in MSC Malaysia green-compliant buildings to enjoy MSC Malaysia and tax benefits, while at the same time, uphold their corporate social responsibility for the environment. "Green buildings are focused on energy and resource saving, use of recycled materials, minimise the emission of toxic substances and greenhouse gases, efficient use of
resources with significant operational savings, and sustaining and improving the quality of life. "Incentives should flow through to older generation building owners to retrofit and green their buildings. "It will encourage more building owners to move this way and this should be a collective effort of the entire industry - both landlords and local authorities - to push for this move and jointly achieve better sustainability for the environment," Khong pointed out. Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Datuk Siders Sittampalam said Malaysia is known to have the fastest growing rate in terms of GBI buildings in Asia with 130 million sq ft of green office space against a total office space of about 213 million sq ft. "GBI buildings are generally new modern buildings located in relatively better locations.
1
3 1-3 Kuala Lumpur has quite a number of green office buildings. 4 Malaysia Green Building Confederation president Sarly Adre Sarkum. 5 Green Building Index Accreditation Panel cochairman Chen Thiam Leong. 6 Savills Malaysia deputy managing director Paul Khong. 7 PEPS president Datuk Siders Sittampalam.
2
4 6 Malaysia Green Building G r5e e n B u i l d i n g I n d e x Regroup Associates Sdn Bhd A7s s o c i a t i o n o f V a l u e r s , Confederation (MGBC) Accreditation Panel coexecutive director Paul Property Managers, Estate include air quality, thermal comfort, to both the publicAand "Besides the attached presid e n premium t Sarly Ad re chai rman Chen Thiam Khong. g e n tprivate s and Property lighting, visuals and acoustics; as sectors, and the authorities to theseSarkum buildings, the higher rental Leong C o n s u l t a nshould ts (PEPS) president Siders well as health and safety. gazette certain parts of the Datuk cities as commanded by GBI buildings is Sittampalam. Siders is also GBI zones. attributable to a combination of They should also have PPC International Sdn Bhd managing director factors, including the MSC Malaysia sustainable site planning and "The public sector buildings
status, good location, being relatively new and the high quality attributes of these buildings," he explained. Although location has always been the main criteria for office space tenants, Siders said that GBI-certified buildings have higher occupancy than the conventional buildings because of the attributes they are known for. Green office buildings need to have a number of criterias - energy efficiency that include running on renewable energy, lower energy consumption by application of electrical sub-metering and use of day lighting, efficient cooling system and employing energy-efficient mechanical systems; water-efficient through rain conservation, water recycling and water efficient fittings; indoor environmental quality that
management that covers site and construction management, accessibility or transportation, building design, suitable roof and storm water systems; as well as materials and resources management of reused and recycled materials, waste management, green products and sustainable resources. Designs should maximise environmental aspects and natural resources to achieve better performance in energy and water efficiency, and the functionality of technology in the building. It will provide added value to the financial returns, in terms of capital value, rental appreciation, occupancy rate and yield.To encourage the building of more green office buildings, Siders said tax incentives granted to such buildings should be more attractive
should pave the way for GBI buildings by initiating new government buildings to adhere to GBI standards. “Currently there is no difference in terms of incentives for tax rebates between standard and higher grade categories of GBI office buildings,” he observed. Meanwhile, GBIAP's Chen noted that many are unaware that paint also contributes to sustainable buildings, especially functional paint that is able to reduce indoor temperature or those that are able to absorb harmful agents such as formaldehyde. He said painting over tiles instead of hacking tiles or coating high-usage surfaces with water-based epoxy are also seen as a sustainable practise as it reduces utilisation of various types of resources.
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
INTERNATIONAL 07MARKET
Allure of AustrAliAn reAl estAte Australia’s firm fundamentals in its national economy, education, business transparency and global competitiveness makes the country an attractive destination for real estate investors. By
Mak kuM Shi makks@ thestar.com.my
Mak Kum Shi is the content and consumer engagement manager for the property business unit of Star Media Group
the same period however was at 8.9% or an 18.9% increase over the year. This was deemed the largest quarterly growth rate since 2002. Melbourne came in second with a quarterly growth rate of 4.2% and a yearon-year rate of 7.8%. brisbane grew 0.9% and adelaide price rose to 0.5%. Perth and Darwin were the only two cities that posted price contractions for both the quarter and the year. The National australia bank expects house price growth to accelerate modestly in brisbane (5%) and adelaide (0.5%) and remain flat in Perth. In contrast, prices are expected to moderate in sydney (5%) and Melbourne (3.5%) in 2016. National house price growth is expected to moderate to 3.8% in 2016. according to a discussion paper published by the University of New south Wales australian school of business, the market has shown steady growth rates of around 3% per annum since the 1970s. However, since the 1990s, prices have risen by around 6% per annum. according to Knight Frank Global City 2016 report, australia will have major infrastructure projects going on totalling UsD380mil (RM1.649tril). Confirmed projects total UsD90bil (RM390bil) from resource sector related projects to urban road and rail long-term improvement. Offshore ownership increased on the commercial side, especially in sydney, where the foreign ownership percentage of Central business District (CbD) office assets increase from 16% to 30% of the
CHINESE OUTWARD REAL ESTATE INVESTMENT IN SELECTED CITIES IN SELECTEDGATEWAY GATEWAY CITIES London London New York New York
SydneySydney and and Melbourne Melbourne
market value, while offshore ownership of four and five-stars hotels increased from 69% to 88%. Melbourne CbD is now the second largest grade a office market in australia. It has grown by 28% over the last 10 years comprising 47.4 million sq ft of office space. The boom is due to the growth of white collar employment. There are over 60,000 new employees in a city of over 4 million people, the fastest rate when compared to other cities in australia, four times more than the growth rate recorded in sydney CbD and the combined growth of both brisbane and Perth. Chan concluded, “Factors affecting the property market in australia include the current situation of the australia economy and how the Reserve bank of australia will react and adjust to the currently low interest rate. On another note, the australia’s consumer and business confidence continue
“According to Jones LaSalle’s Global Real Estate Transparency Index 2014, Australia is ranked third highest when it comes to providing a regulated and transparent investment market.
to rise ever since the new australia Prime Minister Malcolm turnbull was elected, a stable government at both the Federal and the state levels are in place and this encourages job growth.”
EAST COAST CBDS NEW OFFICE SUPPLY AND PERMANENT WITHDRAWALS
CBD AND FRINGE RESIDENTIAL CONSTRUCTION UPSWING
% of current office stock base additions/withdrawals
Number of new apartments completed in selected CBD and near-CBD locations
New supply 2015-18 Permanent withdrawls 2015-18 Potential withdrawls
Sydney CBD and North Shore Melbourne CBD and Fringe Brisbane CBD and Fringe 12,000
8.6%
8.2% 5.1%
Projection
10,000
8,000
6,000
-4.3%
Past 5 years, $U.S. million
-1.7%
-4.7%
4,000
-0.7%
Pastnot 5 years, $U.S. million (Does include residential (Does not include residential or multi-family dwellings)
-4.4%
or multi-family dwellings)
Source: Knight Knight Frank Research/Real Capital Analytics Capital Analytics Source: Frank Research/Real
-1.7%
2,000
3,500
0
2012
2013
Source: Knight Frank Research/PCA
3,000
OFFSHORE CAPITAL FLOWS INTO AUSTRALIAN REAL ESTATE 2,500
2,000
SOURCES OF GLOBAL CAPITAL INTO AUSTRALIAN PROPERTY
GLOBAL CAPITAL INTO AUSTRALIAN PROPERTY BY SECTOR
Past two FY (2013/14 and 2014/15) by global region
(Does not include residential or multi-family dwellings)
Office
54% 1,500
Asia
59%
EMEA
1,000
13%
AMERICAS
28%
500
2015YTD
2014
2013
2012
0
2011
SK Brothers Realty (M) Sdn Bhd general manager Chan Ai Cheng.
2010
s
table capital growth for property, quality education, and business transparency in australia are driving factors that attract Malaysians to invest in australian real estate. It is important to note that growth rates for property prices differ in various australian cities. sK brothers Realty (M) sdn bhd general manager Chan ai Cheng commented, “based on the australian properties that were launched in Malaysia several months ago, we found out that Malaysians still favour to purchase properties in the capital cities across australia, namely sydney, Melbourne, brisbane and Perth.” she cited three main reasons on why Malaysians choose to invest in australia rather than the UK or the Usa. The first reason is quality education. In Queensland, there are at least two universities, the University of Queensland and the Queensland University of technology, that are ranked at the top 1% in the world. The former university was recognised by times Higher education University Ranking 2011, while the latter’s business school was the first in australia to achieve triple crown international accreditation (eQUIs, aaCsb and aMba), which is held by less than 1% of business schools in the world. The second reason is the steady and stable capital growth for property in all capital cities across australia. according to the data provided by the australian Property Monitors, property prices for the capital city of Melbourne increased to almost 30% in just 15 months for the period between 2009 until 2013. The third reason is business transparency where corruptions is at very low levels. according to Jones lasalle’s Global Real estate transparency Index 2014, australia is ranked third highest when it comes to providing a regulated and transparent investment market. It is noteworthy that australia is recognised as one of the most competitive countries in the world. according to the Global Competitiveness Report 20152016, australia remains a strong performer across all categories in the report’s index, particularly in education and financial market development. However, despite having world-class education and universities, it continues to lag behind most advanced economies in innovation. The report stated that the country must diversify further and move up the value chain, given that global commodity prices are set to remain low for the foreseeable future, along with the slowdown in China. based on data provided by australia bureau of statistics between March and June 2015, australia’s property boom focuses on two main and biggest capital cities, which are sydney in New south Wales and Melbourne in Victoria. The property price growth at a national level was recorded at 4.7%. However, the growth of property prices in sydney within
Source: Knight Frank Research/ Real Capital Analytics
Retail
8%
Hotels
15% Industrial
8%
Development site
15%
2014
2015
2016
2017
2018
Source: Knight Frank Research (projects with 25+ apartments and 4+ storeys)
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
08
AreA Focus
mount austin, Colourful plaCe to live, work and play
With a well-established township filled with all the necessities of life, the right property for first-time homebuyers or investors is just a step away.
1
2
By CAITLYN NG LI YUIN liyuin@ocision.com
H
OME is where the heart is, which is why the decision to find the perfect home isn’t as easy as one might think. As a prime example, many people make the choice to live in Johor while working across the border in Singapore. In this way, they will be able to enjoy the best of both worlds: earning a good salary thanks to the exchange rate, while still maintaining a relatively lower cost of living. Even then, the border state is filled with various lifestyle options such as shopping, entertainment and dining, to occupy residents and visitors alike. It's no surprise then that Johor, especially the capital city of Johor Bahru, has proven to be popular with both local and foreign investors. Plenty of property developers have thus made their presence felt in the state, with Mount Austin being one of the popular areas. An integrated enclave encompassing residential and commercial aspects, it is described by some as the ‘Bangsar’ of Johor Bahru. As one of the sought-after residential locales, it has carved a status for itself as having the most high-end properties in the city centre.
Some of the major developers located within the vicinity include SP Setia Bhd, UM Land Bhd, Eco World Development Group Bhd, KSL Holdings Bhd and Mah Sing Group Bhd. One other reputable developer located within the modern and vibrant township is Andaman Group, with their prestigious ARC @ Austin Hills offering panoramic views of the scenic golf course. “We have the renowned and picturesque Austin Heights Golf & Country Resort as our immediate nextdoor neighbour and slightly further along, there is the Austin Heights Water Park that has already opened for business. Furthermore, we also liked the fact that demographics-wise, this township had a young working population, which is our target market with ARC,” said Andaman Group managing director Dato’ Sri Vincent Tiew. Offering a total of 1,843 service apartment units over three blocks with built-up ranging from 650 to 900 sq ft, this latest development has added colour and lustre to the skyline. Andaman Group had plenty of land acquisition offers to choose from in order to develop the ARC, but without wanting to settle for second best, they continued looking for the right parcel of land that possessed the ‘wow’ factor.
1 Making a statement with the beautifully imposing entrance of ARC @ Austin Hills. 2 Students and visitors alike are welcomed to the campus by the modern facade of Sunway College Johor Bahru. 3 Andaman Group managing director Dato’ Sri Vincent Tiew. 4 Sunway College Johor Bahru principal Hor Poh Choo.
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Mount Austin turned out to be the perfect piece to the puzzle. Numerous facilities and amenities surround the township, which caters to every need of its residents and visitors. These amenities comprise shopping malls, the Hospital Sultan Ismail, AEON Tebrau City, Tesco Tebrau City as well as the largest morning market in Taman Daya and Taman Mount Austin. Education is also highly emphasised, with the strategically located Austin Heights International School (both primary and secondary), KFCH International College, Fairview International College, as well as the acclaimed Sunway College, right in the middle of the commercial centre. The Sunway Education Group brand is already established in the private higher education sector, thanks to the success of their campus in Bandar Sunway. They were presented with the opportunity to
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establish a presence in Johor Bahru back in 2004 as there was a need for a private higher education institution in the region. Many of the locals had to send their children to Singapore or Kuala Lumpur for further education, so Sunway College was set up to serve the needs of the local community. The Group saw the plans for an education corridor to be established in the area with provisions for a primary, secondary, and international school within the vicinity and decided that a private college would complement this very well. The entire Mount Austin area was still very far from where it is today in terms of development and residential population, but the Group believed that where there is opportunity for education, development will follow. “We pride ourselves in offering a conducive learning space where our focus on immersing our students within an English speaking environment is the most important experience in their preparation for the future,” explained Sunway College Johor Bahru principal Hor Poh Choo. The current campus population is approximately 2,200 students and this number is expected to grow with the 2016 intake. The students come from all over the southern region of Peninsular Malaysia, East Malaysia and Singapore. Sunway College also has a small international student community mostly made up of students from Indonesia, Philippines, India, Vietnam, South Korea and China. Residents and visitors are also assured of ease of accessibility since Mount Austin is a mere 15 minutes away from the city centre, as well as 17 minutes away from the Johor Bahru Customs, Immigration and Quarantine (CIQ) Complex.
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
09FEATURED DEVELOPMENT
KL EAST - DEFINING LIVEABILITY AND SUSTAINABILITY IN THE CAPITAL Sime Darby's township gives a new uplift to KL East.
By Viknesh Ashley
vikneshashley@thestar.com.my
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IME Darby Property Bhd, which is responsible for the mammoth 900acre Taman Melawati township, hopes to replicate its feat with KL East. KL East is a 153-acre development, offering 2,000 residential units, a retail mall, SoHo units, as well as a hotel. KL East is an integrated Transit Adjacent Development (TAD) within city limits, just 15 minutes' away from Kuala Lumpur city centre, with the world’s longest quartz ridge as its backdrop – the only integrated development that can make such a claim. The development enjoys a transit to the Gombak LRT station located 800m from KL East. Residents can optionally take a 10 minute walk to the LRT station via a covered pedestrian walkway and cycle lane. KL East is a development that focuses on sustainability, with 83 acres of green open spaces, including a 53-acre Rainforest Quartz Park, dedicated to promote sustainable living through tropical forest appreciation. This hip development focuses on the Gen-Y group, including first-time homebuyers, young professionals, upgraders as well as investors. The development offers them a suitable environment, as well as a getaway for the eco-conscious seeking a modern and urban lifestyle close to the hustle and bustle of the city. The KL East development is inspired by lush green areas, providing a peaceful and communal environment, privacy as well as a serene sanctuary for its residents. The community-centric project provides a sense of belonging and a homely feel, offering tranquility from the moment residents step into the township, right up to their doorstep. KL East is designed and planned to raise the bar with regards to livability in the capital city, complete with comfortable and indulgent high-rise residences, natural rainforest parks and manicured gardens. This nature-featured development also places importance on welcoming
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3 1 Bright lighting and modern interiors are some of the design cues of KL East. 2 Residents can utilize the green areas within KL East for activities such as yoga and Tai Chi. 3 Sime Darby Property acting managing director Datuk Jauhari Hamidi. 4 KL East project, showcasing cuttingedge architecture, as well as an urban zest.
intuitive social spaces with an emphasis on encouraging the expression of both modern and traditional arts and culture, allowing it to grow and shine. Sime Darby Property acting managing director Datuk Jauhari Hamidi said, “KL East is green outdoor space-rich, creating an 'urban forest' landscape for its residents. The Forest Park, for instance, is designed within the natural state of the forest, and has been incorporated as one of the destinations in the KL East Tourism Master Plan 2015-2025. This approach augurs well for Sime Darby Property’s sustainable way of optimising land value and its usage.” Jauhari added, “KL East’s main leverage is its balance of being strategically located, as well as having its own rainforest park that will be dedicated to promoting sustainable living via nature-centric activities, which include hiking and mountain biking.” Sime Darby Property has employed a number of renowned architects for the design of its first few components of the KL East township, including 3D Reid, SA Architects and Partners and GDP Architects. These architects currently handle individual projects by Sime Darby Property in KL East due to the developer’s credential of selecting architects on a project needs basis. 3D Reid is a London-based awardwinning architect firm responsible for the impressive glass façade of the Véo, while SA Architects has won several awards and
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will design Quarza, an upcoming service apartment in the township. The architect firm selected to design KL East’s future resort living condominium is GDP Architects, chosen due to its vast experience in the designing field as well as recognition achieved for its contribution in design quality. The pioneer launch of the KL East development is the Véo that comprises two blocks on a 4.25-acre plinth of freehold land. It comprises 350 residential units ranging from studios to duplexes with builtup ranging between 745 sq ft and 3,245 sq ft. A typical unit will have two bedrooms as well as two bathrooms. “The Véo is earmarked for its green certifications and designed to stand as a benchmark for the upcoming sustainable, cutting-edge and residential components in KL East. “All residential components in KL East are green-certified buildings, in tandem with Sime Darby’s sustainable ethos. This development is envisioned as an ecofriendly hillside community enclave where
the entire development is designed to respond positively to the natural topography to minimise the carbon footprint, while providing the community the needed facilities and amenities to maintain an urban as well as modern lifestyle. “KL East has much to offer in the near future, with the upcoming launch of Quarza, a 508-unit two-tower service apartments providing residences with layout ranging from 650 sq ft to 865 sq ft, and a retail mall and resort living condominiums will be launched later,” said Jauhari. Property buyers that choose to call KL East their home need not worry about safety, as the proposed streetscape design focuses on the safety of pedestrians and cyclists. The township is also equipped with CCTV surveillance installed in strategic locations while safety features are implemented as a part of the design element of KL East’s landscape. Within KL East, one will find an international school, a football academy run by the Kuala Lumpur Football Association (KLFA) and a retail mall. The Islamic International University Malaysia, TAR University College, Columbia Asia Hospital, Great Eastern Mall, Alpha Angle or Aeon and more than 20 conventional as well as Islamic banks can also be found nearby. KL East is accessible via a number of popular highways including the Kuala Lumpur Middle Ring Road 2 (MRR2), Duta-Ulu Klang Expressway (DUKE), Ampang-Kuala Lumpur Elevated Highway (AKLEH), Kuala Lumpur-Karak Expressway, as well as future highways such as the Kuala Lumpur Outer Ring Road (KLORR) and the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE). For more information on one of Kuala Lumpur's most liveable and sought after adresses, visit KL East Gallery at Lot PT9341 Off Middle Ring Road 2, 53100 Kuala Lumpur (GPS Code: 3.226941, 101.72842) or call us at 03-4162 1788.
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
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FEATURED DEVELOPMENT
AsiA Green Group Goes the extrA mile
Innovation and people-centric building model for holistic residences. By ANGIE NG
angie@thestar.com.my
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ENANG-based boutique developer Asia Green Group is embracing innovation and a people-centric model of designing and building its property projects to promote holistic and quality living environment in all its developments. Managing director Tan Boon Huat says Asia Green Group prides itself as a green company that aims to reconnect people with nature through its carefully designed and built property projects. Among its signature projects include Asia Hills in Bukit Gambier, Hilltop Villas in Batu Ferringhi, Asia Heights in Air Itam, and Mandarin Quarter in Butterworth. Tan says that as a property developer, Asia Green Group’s mission is to deliver value and quality in its properties that simply cannot be matched by any of its competitor’s offerings. “Our experiences in development range from medium-cost housing to exclusive resort villas that serve as a testament to our flexibility in both the array of products and the ability to successfully secure distribution to a wide audience of purchasers,” he adds. With the Chinese New Year around the corner, the developer will be showcasing The Clovers project and previewing QuayWest Residences from January 21 to 25 at Queensbay Mall Centre Court in Penang, with buyers having a chance to win lucky draws of additional discount vouchers of up to RM50,000 and free additional car park bays, among other prizes. Tan says that The Clovers in Sungai Ara, Penang, comprises three towers of 42-storey blocks of condominiums, giving a total of 892 condominiums and 48 penthouses. The project with a gross development value (GDV) of RM570mil commenced at the end of 2014 and is scheduled for completion in early-2017. In conjunction with the festive season, Asia Green is launching the last tower block which is the premium “Fortuna” that has the best view of the airport, the second Penang Bridge, and the condominium facilities. The built-up area ranges from 1,598 sq ft to 2,907 sq ft duplex units, with different floor plan options to suit individuals’ preferred lifestyle. The units are priced from around RM480 per sq ft. Every typical Fortuna unit comes with full air conditioning, down lights, plaster ceiling, luxurious layout and finishing of a villa. The condominium will be served by two private lifts accessing only from the unit’s foyer. He says The Clovers’ building design focuses on simplicity with the play of an elegant four-leaf clovers to celebrate the building form. Tan explains that the project takes after the notion that “to be in clover means living a carefree life of ease, comfort and prosperity, and we want to create
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something special that allows our buyers to do just that.” “The name auspiciously signifies living in a sanctuary blessed with showers of good fortune, abundance of love and bountiful hope. It will be the source of joy for the entire family,” he says. Glazing is a significant design theme to maximise the sea view, mountain view or pool view for each unit, while design for cross-ventilation is well planned and built in on every floor to allow for natural ventilation to every room and unit of The Clovers. The typical unit with built-up of 1,598 sq ft has 3+1 rooms, which is perfectly sized for a modern family of three generations. This spacious area allows lots of movement for the family without compromising on individual space privacy.
multi-generational friendly features
Penthouse type J has a dual-keys design with partition for another unit for the elderly so that they can live together under the same roof with their grandchildren while still enjoying their own privacy. “We are building a community where multi-generation families get to live together harmoniously and safely. The residential units and facilities are designed to cater for both children and the elderly. Such features include one of the biggest podiums at Level 7 that is allocated for greenery and recreational facilities with no vehicular obstruction, making it safe for both toddlers and the elderly to roam the area." Noting that most Penangites would prefer to live with their parents and grandparents. Asia Green has set out to develop a residential area using the concepts of multi-generational and wellness living facilities to give residents of all age groups a comfortable and homely living environment. The most convenient features for the senior citizen and the children would be the private lifts having direct access to the resident’s unit, not only for privacy reason but also less hassle of walking through the common hallways or corridors. Tan says The Clovers comes with extra open space that is equipped with features such as extra handrails, handicap ramps, handicap parking and other accessories specifically designed for the senior citizens to move around independently. An undeveloped small parcel of land next to the project will eventually be turned into a landscaped community garden solely for the residents’ use. On top of that, The Clovers also provides the widest car park ramps to make your journey home comfortable and with ease, making sure that everyone in the family can drive safely home and are without stress. Tan says the best attribute of living in The Clovers is the unparalleled nature that seamlessly entwines the whole project, with
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3 1 The QuayWest Residences will also feature landscaped gardens to bring a touch of nature to high-rise living. 2 Nothing beats relaxing at the sky infinity pool that has a magnificent seaview of Jerejak island. 3 Asia Green Group managing director Tan Boon Huat. 4 Two private lifts that can bring you directly to your front door. 5 The Grand Green Wall feature projects the green way of living in The Clovers.
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the distinct highlight being a lush 14,000 sq ft jungle trek that forges a path of serene tranquility through leafy surroundings. Inside the jungle trek area, there are spots for picnic, meditation, and yoga that enhance the healthy and natural lifestyle. The area will be the ultimate personal haven for one to relax. It will also be the perfect retreat for the whole family. Residents will be able to bask in the wide range of amenities, including a large rooftop garden, forest track, Olympic-length swimming pool and leisure pool, prefectly manicured landscape and outdoor gym, two private lifts for every two units on each floor, and a luxurious lobby with water features. Children's pool with water plays, playground, dance room, entertainment room, reading and study room, games room, basketball court, lap pool and leisure pool are perfect for teenagers and even adults. Adults who prefer to spend their time alone can always chill out at the floating gym, cabanas and lazy Jacuzzi. As for the senior citizens, there are the physiotherapy room, jungle track and garden precincts for them to enjoy nature and stay healthy. Meanwhile, Asia Green is also gearing up for the groundbreaking ceremony of QuayWest Residences on Feb 13. Like The Clovers, QuayWest is also situated in a mature neighbourhood with excellent amenities that include a hotel, food
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court, malls, shops and other facilities that can be reached within a short drive. Slated for completion in 2019, the project will have two 24-storey towers featuring SoHo units with built-up between 728 sq ft and 2,013 sq ft and layouts ranging from from two bedroom units to spacious duplexes. QuayWest Residences will have indicative prices from RM600 to RM900 per sq ft, at RM750,000 to RM1.8mil a unit. It has a GDV of around RM1bil. The interiors – from the living room to bedrooms, kitchen and balcony – are all meticulously designed to flow aesthetically and suit the needs of modern homeowners. “QuayWest has every imaginable facilities that offer residents lifestyle indulgences to rival even 5-star resorts. On top of the podium are leisure, sky and children’s pools, Jacuzzi, with accompanying cabanas, and pool decks with lounge. “There is also a gymnasium cum dancing room, entertainment room, multipurpose hall, conference and reading room, and children’s playground, alongside landscaped gardens. On the rooftop, an infinity pool with Jacuzzi offers sweeping views of the sea and Pulau Jerejak, while a yoga deck offers a great space to reconnect with your inner being,” Tan concludes.
Wednesday 6 January 2016
Starproperty.my
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STARPROPERTY.MY WEDNESDAY 6 JANUARY2016
12
FEATURED DEVELOPMENT
Wholesome tWins for booming setapak Mature locale will house first-of-its-kind wellness centric development offering a vibrant lifestyle to the young adults of Kuala Lumpur. By Viknesh Ashley
vikneshashley@thestar.com.my
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ETAPAK is fast gaining reputation for projects that promote sustainable and vibrant lifestyles. SkyArena is the flagship development of SkyWorld Development Sdn Bhd, an urban sky living developer. SkyArena will become the catalyst for the urban renewal of Setapak, resulting in a new urban address for its residents, while spurring new commercial developments that encapsulate office buildings Setapak, a suburb of Kuala Lumpur, is known to be densely populated and is a choice location holding steady demand for high-rise developments, due to the buoyant rental market that is fueled by a growing working population. Formerly a tin mining and rubber plantation area, Setapak has since come a long way from its origins. Originally the homeland of the indigenous "orange asli' people, this locale has transformed from a sleepy municipality into a thriving area within greater Kuala Lumpur. SkyArena is a 28-acre integrated development for a skyward community built around health and wellness. It is designed around a 9.4-acre multi-facility sports complex. The project is targeted for completion in 2022. This development is targeted at owner occupiers and investors, including young adults looking for affordable housing at a location that is close to the city centre. Bennington Residences is one of Setapak’s most ambitious integrated developments, wholly dedicated to wellness. This residential project promises a firstof-its-kind lifestyle, celebrating a healthier and more balanced existence. Here, shared spaces are dedicated to a diverse mix of facilities designed to promote the well-being of both the mind and body, enhanced with landscaped social spaces. Bennington residence is located on a 2.69-acre parcel of the SkyArena development that is conveniently located within the confines of the Klang Valley. Of which two acres of land is set aside for green-themed spaces. The twin-towers of Bennington Residences offer a total of 580 dwellings available in an array of 13 diverse layouts sized between 1,092 sq ft and 1,715 sq ft. The GBI-certified residence aspires to stimulate a way of life infused with the arts, as well as nature in a commune speckled with surprises as well as contentment to its residents. Currently Bennington Residences is the only development in the Setapak area offering an integrated community lifestyle, boasting close to 42 facilities as well as a 2-acre rainforest SkyPark and Gardens that
can be enjoyed by its residents communally. It is also home to Malaysia’s first triplex Sky Lounge and SkyGym. Bennington Residences also houses a RM2.5mil automated waste-management system which will transport garbage via an indoor and outdoor station to a centralised waste-handling facility (CWHF). The automated collection system will ensure that rubbish is managed in a streamlined and efficient manner, ensuring a hygienic environment. Hinged, hand-operated intake hoppers are designed to restrict the size of the material that can be loaded into the rubbish chute, eliminating the problem of having long and oversized waste matter that may clog the offsets and the hamming. The rubbish will first pass through a discharge valve prior to entering an underground pipe leading to the CWHF. For larger waste products, other designated disposal areas will be made available within selected sites of the development. Bennington Residences upholds the safety and the security of its residents as it is designed to be wholly safe and secure, with the provision of a three-tiered security system; card access at the main security boom gate entrance, access into the podium car park and CCTV monitoring at the security guardhouse as well as card access to lift lobbies from each car park floor level. Block B of the RM437mil development was the first tower which was launched last November in conjunction with the official opening of the SkyWorld property gallery located at SkyArena, Setapak, with some 70% of the units being booked in advance from the official launch. The offered pricing of Bennington Residences on an average stands at RM550 per sq ft. This price tag is competitive, compared to newly completed high-rise developments in the vicinity that are sold within the price range of between RM580 and RM650 per sq ft. Bennington Residences is surrounded by many established malls, including Setapak Sentral Mall, Wangsa Walk Mall, AEON Big and Great Eastern Mall, and is also in close proximity to Suria KLCC. Other amenities that can be found in the surrounding areas include the TAR University College, KPJ Tawakkal Specialist Hospital and Columbia Asia Hospital. Adding to that the development also enjoys proximity to the Setapak Golf Range as well as popular primary and secondary schools. Enjoying the advantage of being located in the centre of established townships such as Wangsa Maju, Taman Danau Kota and Taman Sri Rampai, Bennington Residences is easily accessible via the Duke Highway and Jalan Genting Klang, making the property perfectly poised to take advantage of Setapak’s current investment appeal while being
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3 1 Bennington Residences, located within SkyArena, Setapak will soon change the skyline of this Kuala Lumpur suburb. 2 The Interactive Sky Theatre is open to residents for relaxation and unwinding after a long day at work. 3 Residents of Bennington Residences will enjoy the privilege of gaining access to a therapeutic rooftop SkySpa.
7km away from KL’s Golden Triangle. The development also enjoys being just 3km away from the Wangsa Maju LRT station. As for the future, SkyWorld has landbanks in several key areas which include Setapak, Bandar Baru Sentul, Setiawangsa, and Bukit Jalil as well as in Taman Desa following four new launches that will take place this year which will be opened for registration. These developments that will be
4 Guests can be entertained at the residences’ quiet as well as serene Rainforest Lounge.
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opened for registration soon will be dubbed SkyAwani 2 @ Off Jalan Ipoh, SkyLuxe @ Bukit Jalil, SkyMeridien @ Bandar Baru Sentul as well as a development that will be launched in Setiawangsa. These future developments that consist of a mixture of service apartments, condominiums, mixeddevelopments and commercial lots will hold a potential combined GDV of more than RM1.8bil.
Wednesday 6 January 2016
Starproperty.my
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STARPROPERTY.MY WEDNESDAY 6 JANUARY2016
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FEATURED DEVELOPMENT
QUALITY LIVING @ EUSARCA, D’MAYANG SARI
Seri Pajam continues its tradition of providing modern homes alongside greener pastures.
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By VIKNESH ASHLEY
vikneshashley@thestar.com.my
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F you are looking for quality terrace homes that are affordably priced and are set away from the hustle and bustle of the city? Designed to make your home and living experience a pleasurable one, D’Mayang Sari in Nilai offers just that! Being a developer mindful of soaring property prices in the Klang Valley, Seri Pajam Development is targeting buyers shopping for large yet value-added homes that border one of the country’s most affluent locales. Seri Pajam has set out to create practical rich homes that are hassle-free to renovate, as each home is designed with flexible spaces, allowing much room for individuality as well as creativity. EUSARCA will provide its owners with the privilege of easy accessibility and basic conveniences within easy reach. This haven is easily accessed through a network of popular highways such as LEKAS and the North-South Highway toll-free road to KLIA and Putrajaya. These highways make commuting in and out of the city effortless, allowing seamless traffic within the township. This is great for city dwellers who are frustrated with the traffic of Kuala Lumpur. D'Mayang Sari has a number of educational institutions, railway stations, banks, shopping centres, medical centres and golf clubs. Meanwhile, the newly completed KLIA 2 and Mitsui Outlet Park, KLIA offer more than just affordable shopping. In fact, these establishments offer easy access to other parts of the world, perfect for the avid travelers. The upcoming Tabung Haji Hotel and Convention Centre, Aeon Nilai and Senawang, Kuala Lumpur International Outlet, Xia Men University, and the Kuala Lumpur-Senawang High Speed Rail, ParoiSenawang-KLIA-Salak Tinggi (SKLIA) Highway will most definitely contribute to the additional value of property for the homes built by Seri Pajam. EUSARCA will shine as a vibrant community and is what this phase hopes to achieve. The developer also hopes for this project to pose as a link to the township’s existing green legacy. The double-storey terraces’ intertwine spacious interiors with the
2 1 An artist’s impression of Eusarca within the ever flourishing D’Mayang Sari Township set in tranquil Nilai. 2 The areas alongside the Eco Lake will be popular amongst residents for relaxation, yoga or even to relax after a long day at work. 3 One of the township’s breezy parks where residents can unwind. 4 The spaces inside each home within Eusarca are boundless and unobstructed allowing for residents to create unique spaces such as this show-kitchen.
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abundance of nature, offer comfortable living while encompassing all that the surrounding. The modern façade, featuring ample use of large windows for abundant natural lighting, as well as ventilation coupled with lavish interiors encourages a fresh flow of energy throughout the property. The innovative use of space will surge a breath of life into each residence rewarding homeowners with both a unique sense of luxury as well as harmony. The floor plans present at EUSARCA is meticulously designed to maximise layouts, reflecting fine craftsmanship echoing exceptional quality that the developer stands for. The kitchen as well as all bathrooms are installed with full height wall tiles adding value to each home, while well planned layouts with high ceiling height inspire costeffective spaces.
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An added bonus to the homes at EUSARCA is that each home is also equipped with fully extended backyards for extended space as well as extended car porches that not only provide more protection against rain and shine but also saves on renovation cost. Placing expertise into practice, the homes at D’Mayang Sari are built using the IBS construction system where components are pre-manufactured in an environment that is controlled before being transported to the construction site for assembly. This construction method saves time and offers better quality control, making it more practical for the developer and home owner to ensure as well as expect timely product delivery. This development is also perfect for nature lovers as it allows for
interconnectivity between nature as well as being able to lead a greener lifestyle as it further enhances bio-dynamism through a series of themed gardens. One may enjoy walking with your loved ones by the Eco Lake or leisurely picnicking at the Kite Lawn. Residents may also enjoy a Tai-Chi workout at one of the townships breezy parks in the morning or optionally stay active with the entire family at the Linear Park. Adding to that, fussy parents can be assured that their children will be protected from the harsh rays of the sun at the Shaded Playground. To learn more about the EUSARCA phase head over to the D’Mayang Sari sales gallery located in Nilai, Negeri Sembilan or alternatively, browse through the website now at http://www.seripajam.com.my
Wednesday 6 January 2016
Starproperty.my
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STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
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FEATURED DEVELOPMENT
TRULY EPIC LUXE HOMES
Bringing together luxurious excellence in location, design, accessibility and facilities. By MAK KUM SHI
makks@thestar.com.my
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HAT makes a luxurious home? When prominent locations, ease of traveling to work and schools, wide range of excellent facilities and elegant designs come together, homes with these qualities are truly Epic Luxe Homes worth living in. The living experience of MRCB Land’s Epic Luxe Homes @ Sentral Residences is expected to be truly wondrous. This development commands omnidirectional and awe-inspiring views of the Kuala Lumpur City skyline. Such views are attractive, especially during the early mornings and evenings, when the sun rises and sets, casting a gentle light beyond the horizon. Set between the development and the city is the 150 years old lake garden, which provides a naturally scenic view that will bring calm to your senses. When combined with the Kuala Lumpur City skyline, such breathtaking views will make your friends and loved ones envious of your home and you. This development differentiates itself from the rest of the competition with several characteristics. As you make your way through the entrance, an elaboratelydesigned garden beckons. The garden would have a wide range of features such as a playground, putting green, water feature with interactive water jets and woodland planting clusters. The development has a comprehensive multi-tier security system that will ensure your loved ones live in a safe and secure environment. Furthermore, you will find it convenient and secure to go straight home to your private lift lobby from the carpark. Spaciousness is truly epic with 48 units of exclusive signature suites having a big built-up area that ranges from 2,949 sq ft to 4,058 sq ft. Enhance your personal well-being with some exercise at the well-equipped gym that is located at the Sky Club. While doing your physical workouts, enjoy the panoramic view of the Kuala Lumpur City skyline and the botanical gardens. Developments in KL Sentral are proving to be attractive investments. According to the Ministry of Finance’s Valuation and Property Services Department’s Property Market Report 2014, we had found that developments in KL Sentral had appreciated greatly in value. There are a few factors that may have motivated the rise in values for developments in this neighbourhood. Kuala Lumpur Sentral (KL Sentral) is one of Malaysia’s most renowned addresses to Malaysians and foreigners alike, as it is Malaysia’s largest international transportation hub. This remarkable international transportation hub brings together a wide range of public transportation networks, such as the Kuala Lumpur International Airport (KLIA) Transit, KLIA Express, LRT, KTM Commuter, KTM Intercity, KL Monorail, and the upcoming Mass Rail Transit (MRT). It is from this international
Developer Name: Prema Bonanza Sdn Bhd Show Gallery Address: G-02-04, Level 3, Platinum Sentral, Jalan Stesen Sentral 5, 50470 Kuala Lumpur, Malaysia. Contact No: (603) 2718 1788, (603) 2718 4338, (603) 2718 4339
transportation hub that one can travel to the KLIA 1 & 2 and the rest of the world (through the KLIA Transit and KLIA Express); various areas in the Klang Valley that covers Kuala Lumpur, Selangor and Putrajaya (through the LRT, KTM Commuter, KL Monorail, KLIA Transit and upcoming MRT); and the rest of Peninsular Malaysia (through KTM Intercity). In addition to this, KL Sentral is surrounded by a network of major highways such as the Federal Highway, Sultan Iskandar Highway, New Pantai Expressway, SPRINT Highway and Damansara Link. These highways makes various parts of the Klang Valley accessible from KL Sentral. KL Sentral has also evolved into a major central business district (KL Sentral CBD) as a result of its unparalleled accessibility. Business centres, such as Plaza Sentral, Mercu UEM, Menara MIDA, Menara SSM, Quill 7, Menara CIMB, Q Sentral, Menara Shell, 1 Sentral, KL Sentral Park and Platinum Sentral, are all located in this neighbourhood. Multinationals and publicsector organisations such as PricewaterhouseCoopers (PwC), United Engineers Malaysia Bhd (UEM), Malaysian
Industrial Development Authority (MIDA), SME Corporation Malaysia, Land Public Transport Commission (SPAD), Companies Commission of Malaysia (SSM), Cardiac Specialist Centre, Google, Asia Banking School, Agoda, 11th Street.com, TNB, AmMetLife and Allianz Malaysia Berhad have established themselves in this prominent business satellite district. It shouldn’t come as a surprise that several prominent hotels, such as Aloft, Hilton Kuala Lumpur, Le Meridien and the upcoming St Regis Kuala Lumpur, have established themselves in this neighbourhood. Nu Sentral has established itself as a shopping and entertainment haven at KL Sentral. The nearest international school is Mont’Kiara International School and Garden International School Kuala Lumpur. Therefore, the vast amount of development in KL Sentral had brought great impact to the neighbourhood. This is particularly so for residences, as residential developments are limited in KL Sentral. Are you ready to move into a property with a prestigious address? Start looking for your home by visiting their showroom today!
“Spaciousness is truly epic with 48 units of exclusive signature suites having a big builtup area that ranges from 2,949 sq ft to 4,058 sq ft.
Advertising Permit no. and date: 10848-1/01-2016/01378(P). 12/01/2015 – 11/01/2016 Developers License no. and date: 10848-1/01-2016/01378(L). 12/01/2015 – 11/01/2016 Tenure (freehold / leasehold / lease-tenanted): Freehold Total units: 752 Built-up area: 2,949 – 4,058 sq ft Total designs: 5 Price range: RM5mil onwards Estimated date of completion: November 2016
Wednesday 6 January 2016
Starproperty.my
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STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
18
NEWS
LBS EXCEEDS 2015 SALES TARGET OF RM1 BILLION
Property developer confident on achieving sales momentum in 2016, supported by its property portfolio. By VIKNESH ASHLEY
vikneshashley@thestar.com.my
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ETALING JAYA: LBS Bina Group Bhd (LBS) has achieved a total of RM1.029 bil in sales for the year 2015, which is an increase in 60 percent in comparison to the previous year that resulted in RM644 mil. The key developments which contributed to LBS achieving the 2015 target included a majority of residential projects developed in Selangor totaling in RM864 mil. LBS managing director Tan Sri Lim Hock San said, “We enjoyed a fruitful year in 2015. One of the reasons why we continue to meet with our targets is by understanding the needs of Malaysian home buyers. We look forward to intensifying our efforts to provide more options for a wider spectrum of home buyers and investors in 2016. Following a successful year, the group is confident on achieving its sales momentum for 2016, citing a strong portfolio of properties.” Moving forward, LBS is confident that it will maintain the momentum of demand for its developments to achieve and additional 20 percent in sales for this year. The Group expects its developments within the Klang Valley to contribute to the bulk of sales of more than 85 percent. To date, the developer has 2,659 acres of undeveloped land bank and in the near future hopes to launch a mix of high-rise and landed residences, ranging from affordable to premium homes and even commercial developments. In support of the Government’s efforts to provide more homes to Malaysians, LBS continues to play a proactive role in providing a supply of affordable home options with upcoming developments which include the Rumah Selangorku in Bandar Saujana Putra as well as Perumahan Penjawat Awan 1Malaysia (PPA1M) in Bukit Jalil.
LANGKAWI H
By MAK KUM SHI
makks@thestar.com.my
Look for a memorable experience with nature.
OW do sandy beaches, rich mangroves, and delicious seafood sound for the ideal getaway? There is a legend that is woven into the history of Langkawi. The tragic tale of a beautiful young lady named Mahsuri involves love, jealousy, and a curse that was placed on the island by her for seven generations. The seventh generation of Langkawi's inhabitants have long come and gone, but people still believe that the prosperity and blessings that the islands enjoy today and the passing of the curse is no mere coincidence. Langkawi brings together the best of many worlds, with beautiful beaches, worldclass infrastructure, mangroves rich in flora and fauna, duty-free shopping, and fascinating legends. Enjoy breathtaking views of the island by taking a cable car ride towards Langkawi’s second highest peak. Take part in the wide range of activities available on the island such as water-skiing and horseback riding. As an international tourist destination, Langkawi boasts a wide range of cuisines such as Malay, Indian, Mediterranean, Western, Thai, and Chinese. Regardless of cooking styles, you can expect a delightful meal with Langkawi’s rich bounty of seafood. So what are you waiting for? Start preparing your stay in Langkawi!
Check out short-term stays at Bukit Bintang on iBilik.my www.ibilik.my/short_term_rentals/langkawi
Wednesday 6 January 2016
Starproperty.my
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STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
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FEATURED DEVELOPMENT
“Sunway Gandaria will be a choice development for first-time property owners, upgraders and business owners, demanding value, while capitalising on the expansion of the Southern Klang Valley corridor as an optimal business and residential hub. The entire development is expected for completion by 2020.
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SUNWAY GANDARIA TO UPLIFT THE BANGI SKYLINE
By VIKNESH ASHLEY
vikneshashley@thestar.com.my
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RE you looking to own a piece of the Bangi skyline and be a part of a tallest 38-storey tower that would soon stand smugly in the center of the Bangi CBD? You may then want to take a look at Sunway Gandaria Bangi, located in the heart of the booming educational hub. Sunway Property will soon launch its newest mixed development in one of Malaysia’s key knowledge cities in Bangi. Located in the heart of the central business district of Bandar Baru Bangi. Sunway Gandaria will have a gross development value (GDV) of RM226mil and is targeted to be launched within the first half of 2016. The development, dubbed “The Peak of Bangi”, is spread across two acres and will be one of the most sought after projects as well as affordably priced developments of the SunwayProperty portfolio. Sunway Gandaria Residences is the residential parcel of the development and consists of 259 units of service apartments sized from 949 sq ft to 1,405 sq ft. Out of the many units, 58 units will be dualkey units, enabling the flexibility of multigenerational living for home buyers or multiple tenancy options for investors. Units offered here will sell from RM500,000. The service apartment will offer basic facilities such as a generous 50-metre lap pool, complete with an overlooking gym. Adding to that, residents will be protected by a round-the-clock, three-tier security system. The retail component of Sunway Gandaria will comprise 34 retail units offered in
Bandar Baru Bangi welcomes Sunway’s RM226mil master community development.
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RM
500k
Sunway Gandaria Residences is the residential parcel of the development and consists of 259 units of service apartments sized from 949 sq ft to 1,405 sq ft. Units offered here will sell from RM500,000.
layouts ranging between 983 sq ft to 6,071 sq ft, showcasing a refreshed retail concept placed in the township. This parcel of the development will sell from RM1mil and will be housed within a majestic 38-storey tower that will pose as the tallest landmark within the vicinity. Property owners of Sunway Gandaria’s iconic tower will have unobstructed views of the serene Cempaka Lake Garden, complete
with jogging tracks, playgrounds, stretching spots as well as exercise areas, reflexology tracks, a football field and picnic gazebos located merely a 10-minute walk away. Adding to that, the development will also enjoy the pristine views of lush greenery within the Bangi Golf Course. Sunway Bhd executive director of the property development division, central region, Ang Kee Ping said, “Business owners
are expected to benefit from the catchment of 1,000 residents within the development alone, aside from another 500,000 people that are estimated to frequent the development from the other areas of Bangi as well as other booming areas such as Kajang and Nilai.” “Sunway Gandaria will be a choice development for first-time property owners, upgraders and business owners, demanding
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
21FEATURED DEVELOPMENT 1 Bird's eye view of Sunway Gandaria in Bangi. 2 Sunway Gandaria Residences, is the residential parcel of the Sunway Gandaria Bangi development and will offer 259 units of practically sized service apartment units. 3 The retail component of Sunway Gandaria will comprise 34 stylish retail units offered in moderate to large layouts. 4 The lavish interiors of the Sunway Gandaria Residences' Type B sized at 1,157 sq ft. 5 Practical interior design is incorporated within the living and dining area that boasts space saving as well as minimalism.
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6 The 50m swimming pool and multipurpose hall can be used for functions exclusively by residents.
value, while capitalising on the expansion of the Southern Klang Valley development corridor as an optimal business and residential hub. The entire development is expected for completion by 2020,” Ang opined.
Greater connectivity The locale enjoys easy access to more
than 20 schools and universities, financial institutions, shops as well as other essential amenities. Schools that can be found close by include the Sri Al-Amin Primary School, Rafflesia International School and Private School and the Tanarata International School. Institutions of higher learning that are located a stone’s throw away include Infrastructure University Kuala Lumpur (IUKL), University Tenaga Nasional (UNITEN), University Putra Malaysia (UPM), University Kebangsaan Malaysia Bangi (UKM), University Putra Malaysia (UPM) and the German-Malaysian Institute (GMI). Many shopping malls can also be found within close proximity to the development. Some examples include Giant, Bangi Gateway, Tesco as well as IOI City Mall while hospitals located close by include Hospital Serdang, KPJ Kajang Specialist Hospital, Hospital Pusrawi SMC and Hospital Kajang. Residents of Sunway Gandaria can visit the Cempaka Lake Gardens and the Bangi Golf Course, over the weekend. Other recreation options located near to the development include Danau Golf Club as well as the Kajang Hills Golf Club.
The development will also enjoy unmatched connectivity as it can be accessed via eight major highways namely the KLSeremban Highway via the North-South Highway by exiting at the Kajang or Bangi interchanges. Alternatively, frequenters can access the development via Jalan Reko, NKVE, SKVE, LEKAS, ELITE, CherasKajang Expressway as well as the Kajang Dispersal Link Expressway (SILK). Due to its close proximity to the MRT Line 1 Kajang station, Sunway Gandaria will benefit in terms of being connected to the other areas of the Klang Valley, seamlessly, to be fully operational by 2017. The development will enjoy greater connectivity due to a proposed MRT Line 2 Putrajaya station as well as an upcoming Putrajaya-Kajang BRT line. Ang also highlighted that Sunway Bhd always keeps their customers in thought as she explained, "To make it easier for potential property owners, investors and business owners to gain value from the development and be part of this exciting community, we will provide an easy ownership package.” Do head over to the Sunway Gandaria Bangi sales gallery now and pick out your ideal property to either start living in your dream home or be an owner of a successful commercial establishment. The choice is truly yours! 6
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STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
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NEWS
STARPROPERTY.MY AWARD 2016, SERVING PUBLIC INTEREST
Award sees strong interest from several developers due to its relevance to public interest. By MAK KUM SHI
makks@thestar.com.my
Categories for StarProperty.my Award 2016 ■ The Niche & Unique Award ■ The Just-Walk Award Award ■ The Five Elements Award ■ The Starter Home Award ■ The Best Touch & Feel ■ The Earth Conscious Award Award ■ The Cornerstone Award
■ The WOW Award ■ The Family-Friendly
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HE inaugural StarProperty.my Award 2016 will see the participation of several prominent developers in the country. A total of 49 development projects from 23 developments are in contention for several awards. The StarProperty.my Award 2016 recognises developments that are sustainable and also enhances peoples’ quality of life. Developers are the builders of the nation, and the developments that they build serve various purposes that are relevant to society. Some developments go beyond their intended purpose and serve as symbols of status. In others, they are intended to have a living environment that is conducive for the family. Some developers are visionaries and prepare master plans that establish the foundations of townships and communities with conducive living environments. Others look forward to the future by adopting environmental-friendly practices by applying sustainable built-environment standards to their developments. It takes creativity to merge disciplines of architecture, interior design, sustainable building, landscaping and the natural environment to create a harmonious living environment in this age. Due to demands of society, convenience of commuting to work places, friends and family members, dining and entertainment enclaves, and educational institutions has become important to society. Affordability of homes is a major issue of concern and importance to Malaysian society. For some developers, development of affordable homes serves public interest. It is through the StarProperty.my Award 2016 that developments with qualities that are desired by Malaysian society will be recognised.
TOP 6 PROPERTY HOTSPOTS IN MALAYSIA
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UYERS who head for promising new growth areas in the capital often get rewarded. Where do you start looking for a new home? As an example, Kuala Lumpur is brimming with building projects and transport upgrades that are creating new propertybuying opportunities, suiting various budgets. Malaysia is in its most radical transformation as it battles to achieve the Vision 2020 where the transformation is visible on the political front, the public sector as well as the business circle. Dubbed one of the best in Asia, infrastructure in Malaysia is designed to serve the business community. With five international airports, telecommunication networks served by digital and fibre-optic technology, highways and seven international seaports, Malaysia is an ideal springboard to the Asia-Pacific market. Among the country’s most popular areas are the Greater Kuala Lumpur, Selangor, Penang, Johor, Melaka and Perak. In Kuala Lumpur, buyers will find homes within the various neighbourhoods surrounding the capital, such homes provide all the comforts one would wish for. Aside from offering good road connections to the rest of Malaysia and the region, Kuala Lumpur and its surrounding neighbourhoods, with hotspots being Mont Kiara, Bangsar and Sri Hartamas, are perfect for those looking for a community-focused lifestyle. Compared to other areas, home prices in Kuala Lumpur are higher as hotspot areas continue to witness rapid change. In Selangor, buyers can find secluded houses with parks and views of lakes at some parts of Petaling Jaya. Selangor, famously known as the country’s most prosperous region for property, is also the top choice for firms to establish their
headquarters. However, people living in Selangor will need more time spent on daily commute within the city centre. Penang, a northern region state in Malaysia, offers island living within a city that is rich in culture and heritage. Besides offering most of the country’s best foods, Penang will be heavily involved in the Northern Corridor Economic Region development plan that is targeted at raising the economic and social standards of the northern states. For the past few years, numerous high-profile projects have already been lined up for Penang. Following this, house prices in Penang are very competitive and on the rise. Johor, the Peninsular Malaysia’s third biggest state, benefits from its proximity to Singapore, and is set to become a commercial and residential hub to the Iskandar Development. With skyrocketing property prices, a threebedroom condominium unit can go up to about RM2.3 million, together with facilities like 24hour security, golf courses, restaurants and shops. A very well known UNESCO World Heritage Site, Melaka attracts millions of tourists due to its well preserved architecture, and becomes more crowded as visitors flock the area on weekends. It’s a good news for property investors as property prices in Melaka are much lower, compared to other states, where a three-bedroom condominium unit costing around RM400,000. If you want to enjoy the culinary and cultural treats, Ipoh city in Perak offers the best experience, where a slower pace of life and the city’s colonial buildings provide visitors a glimpse of what Malaysia used to be. Moreover, several modern developments are in progress within the area, providing property
seekers a high-end option. Compared to Melaka, prices of a three-bedroom condominium unit usually start from RM300,000. More foreigners are making Malaysia their new home as gloomy prospects and skyrocketing prices continue to dampen spirits in the West.
Investors love a property that they can sell anytime. This is possible, if enough buyers are available in the market.
STARPROPERTY.MY WEDNESDAY 6 JANUARY 2016
23FEATURED DEVELOPMENT
THE NEXT WORLD CLASS EPICENTRE Conezion – the first mixed development in IOI Resort City.
By VIKNESH ASHLEY
vikneshashley@thestar.com.my
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OI Properties Group Bhd is urbanizing its Putrajaya resort township, IOI Resort City, via the introduction of an integrated retail development named Conezion. The brand new property holds a concept of live, work and shop. This will be a first for the township. IOI Resort City is located at one of the fastest growth corridors of the southern Klang Valley region. The rapidly booming city is also adjacent to Putrajaya, which is the administrative capital of Malaysia and Cyberjaya, which is the information technology (IT) hub of Malaysia, home to more than 250 multinational companies from all around the globe. The resort city locale enjoys more than 1.8 million population within a 20-minute driving radius as of the year 2008, and it is expected to grow an additional 14% by the year 2020. IOI Resort City is located within 20 minutes’ drive from Klang Valley’s major satellite townships and also to Putrajaya, Cyberjaya, Kajang, Bangi, Seri Kembangan, Serdang, Subang Jaya and Puchong. Adding to that the resort city is also situated within one of the highest density educational destinations within Malaysia and has a ready catchment of more than 50,000 students from five major universities within a 10-minute drive. It is well connected to major Klang Valley highways such as the SKVE, LDP, ELITE, MEX, Sungai Besi highway, and North-South highway. IOI Resort City aspires to position itself as an ultimate resort-lifestyle destination that offers city conveniences. The stylish township development sits on a 320-acre plot of freehold land and encases IOI City Mall, two blocks of IOI City Towers, Putrajaya Marriott Hotel and Spa, Palm Garden Hotel, IOI One & Two Square Office Towers, and Palm Garden Golf Club with an 18-hole championship golf course. As for residential developments, the township holds many existing residential enclaves and phases for example Beverly Row Bungalows as well as Puteri Palma Condominiums. Future offerings soon to be built here include high-rise office towers, a luxury condominium and townhouse villa as well as a service apartments. The newest offering into this township is Conezion. The development is unique as it will encase four towers of residential buildings as well as 14 blocks of a mixture of retail as well as shop offices. The residential units will be offered in sizes ranging between 780 sq ft and 1,278 sq ft and will be sold with flexible two to three bedrooms per unit with two parking lots designated to a unit. The retail and shop office component of Conezion will be designed in two, four and five-storey shop office or retail outlets. These properties are also excellent for shopping mall frequenters as both developments are located merely 700m away from the IOI City Mall that was completed in November 2014. IOI City Mall is a core retail component within IOI Resort City and holds a gross floor area (GFA) of 2.22 million sq ft. The mall targets mid-upper class groups and aspires to offer a most comprehensive experience for shopping and entertainment, as well as dining in the southern Klang Valley region. The retail net lettable area (NLA) of the mall totals 1.35 million sq ft and is spread across four levels with a capacity of more than 350 shops. Many new offerings are set to grace IOI Resort City including a new residential component that is expected to be launched this year. The recently completed IOI City Towers are Grade A Office Towers. The buildings are both Green Building Index - certified and are MSC compliant, enjoy direct connectivity to IOI City Mall and holds a GFA of 1.4 million sq ft. The twin blocks stand at 29 levels high and are now completed. IOI City Hotel will be managed by Le Meridien and is a five-star business hotel, targeted to the interstate business clientele. The hotel will have exclusive connection to IOI City Mall via the ground level and will stand at 21-storeys high with a capacity of 363 hotel rooms. The hotel is scheduled for operation in July 2016. 3
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Exclusive residential
2 1 An artist’s impression of Conezion and how both the residential and commercial units will intertwine once complete. 2 The IOI City Towers and Le Meridien Putrajaya will soon change the skyline of IOI Resort City, giving the township a more city-like appearance. 3 The vibrant IOI City Mall, completed in November 2014, aspires to offer the most comprehensive experience for shopping as well as entertainment in the southern Klang Valley locale.
An exclusive residential component is set for launch in the second quarter of 2016 within IOI Resort City and this phase will be called the Par 3 Residence. Par 3 Residence will offer 32-storey high-rise luxury condominiums as well as three-storey townhouse villas. The condominium units will be designed in either a semi-D or bungalow style with two lifts serving four units while the townhouses will each have one lift serving two units. Some of the key design cues within this phase are naturally ventilated bathrooms, large windows to facilitate natural lighting as well as ceiling height of at least 10 feet high. It is set for launch in the second quarter of this year. Those interested to be a part of this exclusive as well as affluent resort township can head over to the IOI Galleria @ IOI Resort City, Putrajaya by typing this address onto Waze or Google Maps. Alternatively those interested can also visit the IOI Resort City website at www.ioiproperties.com.my/ IOIResortCity or the Conezion website at https://Conezion.ioiproperties.com.my
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