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The Sun Rises In FRIDAY JUNE 5, 2015 ISSUE 1975/2015 A PULLOUT EVERY FRIDAY WITH Read this copy online @ theedgeproperty.com MAKE BETTER DECISIONS PP 9974/08/2013 (032820) ep11 LEGAL ep12 DEALMAKERS ep14 FEATURE ep15 HOME IDEAS Th e 10 legal Johor international Sinkeh Hotel is In the bloom of life: commandments zones will reduce ‘Building of the Year’ Ikebana artist Kariyazaki of home buying (Part 1) market speculation on the spirit of fl owers The sun rises in the SOUTH of BANGSAR Th ere is growing interest among property developers and investors in the Kerinchi and Pantai area, south of Bangsar in Kuala Lumpur. Data by theedgeproperty.com shows that the average price psf for non-landed residences eased slightly in the third quarter of 2014, but real estate consultants expect strong market demand to drive growth in the near future. Th ey see the gentrifi cation of Kampung Kerinchi as positive for the value of its real estate. See story on pages ep8 & 9. Check out a video of this hot spot at www.theedgeproperty.com and see current listings for this area on Market Watch EP10. SUHAIMI YUSUF/THE EDGE PROPERTY EP2 FRIDAY JUNE 5, 2015 • THEEDGE FINANCIAL DAILY FRI YOUR FREE PROPERTY PORTAL www.theedgeproperty.com We help you make better decisions on all things property Available on: 8 2 4 5 1 1 Find a property – for sale or rent 2 Track new property launches 3 3 Read the latest news and data driven reports 4 Get tips from fengshui, legal and home-fi x experts 6 7 WWW.THEEDGEPROPERTY.COM IS PROUD TO PARTNER MALAYSIA’S TOP PROPERTY DEVELOPERS: FRIDAY JUNE 5, 2015 • THEEDGE FINANCIAL DAILY EP3 YOUR FREE PROPERTY PORTAL 5 THE EDGE FAIR VALUE 8 ANALYTICS HEATMAP – A tool that helps you identify the property hot spots. Find out the indicative value of the property you have in mind. It is based on historical transaction data and adjusted listing data. (Captured on 20 April 2015) 6 WATCHLIST (Captured on 20 April 2015) Create your own watchlist. Be notifi ed via e-mail when the tracked property NEARBY PROPERTIES – Price and rental comparison is transacted or added to the property listings. (Captured on 20 April 2015) (Captured on 20 April 2015) Location of properties near the identifi ed address 7 EVENT CALENDAR What’s happening where. (Captured(C d on 20 AprilAil20 2015)15) Learn all about the amenities in the surrounding area (Captured on 20 April 2015) (Captured on 20 April 2015) FRIDAY JUNE 5, 2015 • THEEDGE FINANCIAL DAILY EP4 PROPERTY | NEWS ON NEWS ROUNDUP For more news go to theedgeproperty.com DA Land to develop RM5 bil ment be waived for knowledge work- pan, Tanjung Belungkor and Ladang at www.theedgeproperty.com leisure project in Rawang ers from other states. — Th e Malay- Siang, Desaru span 8,000ha, and are DA Land Sdn Bhd launched Th e sian Insider located about 30km from the Refi n- Two integrated development pro- ery and Petrochemical Integrated ject on June 1. It has a gross devel- Paramount bids for RM2 bil Development (Rapid) project. opment value (GDV) of RM5 billion property projects, targets “Kulim is re-exploring property and is positioned “as a holiday, RM600 mil sales investment as there’s stable demand leisure and shopping destination Paramount Corp Bhd is on track to for properties in strategic areas that in greater Kuala Lumpur,” said DA achieve its RM600 million property would give a huge impact considering Land chairman Tan Sri Mohd Radzi of the country’s fi rst elevated BRT sales target within the next three that Rapid is currently being devel- Sheikh Ahmad. system on May 31. years by capitalising on existing oped,” he said on June 2. — Bernama Th e Two sits on a 51-acre land par- He said additional funds were projects and RM2 billion worth cel a minute’s drive from the Rawang needed to construct the elevated of bids, said group chief executive Five joint-venture townships The rise of the exit on the North-South Expressway. covered walkways, car park and offi cer Jeff rey Chew Sun Teong. worth RM10 bil planned areas south It will feature indoor and outdoor safety features to enhance acces- Paramount has six on-going pro- for Selangor theme parks, a “wholesale city”, a mall, sibility and connectivity. jects. Chew said the developer has Selangor’s newly incorporated sov- of Bangsar four blocks of hotels and an arena hall a tender book of some RM2 billion, ereign wealth fund, Darul Ehsan with more than 8,500 seats. New housing category which includes a bid under the Investment Group Sdn Bhd (DEIG), Th e theme parks are designed introduced for talented and Employees Provident Fund’s Kwasa will be developing fi ve townships by the Sanderson Group, which has skilled applicants in Penang Damansara project in Sungai Bu- in Selangor with a total gross de- worked on parks such as Disneyland Th e Penang government has cre- loh, Selangor. velopment value (GDV) of RM10 in Tokyo, Japan; Warner Brothers’ ated a new category of housing “We are very much on track and billion, according to a report in Movie World in Gold Coast, Austral- applicants for aff ordable homes – hope to achieve RM600 million of Th e Edge Financial Daily on June 1. ia; and Universal Studios in Sentosa the “talented and skilled”. property sales within the next two Th ey will be jointly developed Island, Singapore, said Mohd Radzi. State exco member for hous- to three years. Th is will be achieved with partners from the private sector, According to DA Land CEO ing Jagdeep Singh Deo said the as four of Paramount’s property including public-listed developers, Derek Chew, the 600,000 sq ft in- new category was for knowledge projects will come on board in the that will be identifi ed by year-end. Evergreen door theme park will be the largest workers who were employed and coming years,” Chew said on June 3. Th e projects, which are current- Bangsar in Asia when the project is com- voting in Penang. According to notes accompany- ly being planned, will be in Shah pleted in four years. Non-Penangites are also eligible ing Paramount’s latest fi nancials, the Alam (GDV: RM5 billion), Gombak if they can show proof that they company had achieved new proper- (GDV: RM1 billion), Section 14, Sunway contributes have been staying and working in ty sales of RM157 million in the fi rst Petaling Jaya (GDV: RM1 billion) RM123 mil for BRT-Sunway the state for the last fi ve years and quarter ended March 31, 2015. Th e and two other projects in Bukit Line construction are registered as voters there. company said the new sales would Beruntung that are still in the pre- Sunway Bhd has contributed He said the proposal for the new boost “lock-in sales brought forward”. liminary stages. RM123 million to construct the category was by state investment Chew said Paramount expected Menteri Besar Inc of Selangor elevated Bus Rapid Transit (BRT) authority InvestPenang, which had to register some RM400 million of group chief operating offi cer Sof- Sunway Line which costs a total of conducted a survey that showed unbilled property sales in FY2015 fan Affendi Aminudin said the RM634 million, said Sunway Group Penang would need to fi ll 13,088 from FY2014. joint-venture (JV) structure will founder and chairman Tan Sri Dr new jobs in engineering, account- be based on share of GDV and not The Edge Communications Sdn Bhd Jeff rey Cheah. ancy and technology in the private Kulim plans mixed-use by equity. (266980-X) BRT-Sunway Line is implement- sector by 2017. property project in Pengerang Selangor Menteri Besar Mo- Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, ed under the public-private part- To qualify, applicants should Kulim (Malaysia) Bhd plans to de- hamed Azmin Ali had earlier told Selangor, Malaysia nership between Prasarana Malay- either have a diploma and a mini- velop mixed-use property projects Th e Edge weekly that the state gov- sia Bhd and Sunway Bhd. mum of two years work experience, on two of its oil palm plantations in ernment plans to develop some “We contributed a total of RM123 or a bachelor’s degree recognised Pengerang, Kota Tinggi, in Johor. 5,000 acres of land over the next Publisher and Group CEO Ho Kay Tat million even though it was RM90 by the government. Its chairman Datuk Kamaruz- three to fi ve years to make property million in the original contract,” InvestPenang has also proposed zaman Abu Kassim said the oil palm development the main contributor Editorial For News Tips/Press Releases Cheah said at the offi cial launch that the fi ve-year residency require- plantations at Ladang Sungai Pa- to state revenue. Tel: 03-7721 8219 Fax: 03-7721 8038 Email: [email protected] Senior Managing Editor Azam Aris Contributing Editor Sharon Kam If you have any real estate-related events, email us at [email protected]. Editor Rosalynn Poh LAUNCHES & EVENTS Events listed here will also appear on theedgeproperty.com. Deputy Editors E Jacqui Chan, Wong King Wai, Llew-Ann Phang Assistant Editor Lam Jian Wyn Writers Zatil Husna Wan Fauzi, Offi cial launch of Fairfi eld in the country held over three days panoramic views of Melbourne. Elena Tunku Sherie, Villas @ Yarra Park this weekend. It will feature talks The development consists of 249 Chai Yee Hoong, Lim Kian Wei, by property industry experts. stylishly designed apartments, four Rachel Chew, Hannah Rafee, townhouses and six shops, with Carmel Dominic Tropicana Metropark hotel-style amenities.
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