4 Q F ' D P JB DV M T PROPERTYTIMES.MY 5 I F B  C E V F O W F E M B P O Q U N  H F S F O F U  O Q F B S D Z F  B  J O T  E Q  J Q D J L D J U O V H S  F V T Q R  V J O F   1 M B F O S B E L T  D T B  D Q B F Q  J B U S B F M   B U I O F KDN PP E  WM  E J U S T J  W RM S J 17702/03/2013 17702/03/2013 V O T 1.00 H U J  G D P s3PORE  D S I D Issue #17 F B T S N (031992) $1.00

 2 \)SSUE\PROPERTYTIMESMY Special FOCUS: Don’t overhaul, just rebrand

overdramatised to create a perfect set- offered in familiar surroundings. limestone hills and a pristine lake. Offer- Editor’s ting for the headless horseman’s haunt- Isn’t it ironic that these are all features ing the best of both worlds, the project ing. Even so, this image of a sleepy town we are willing to pay top dollar for in the has received international recognition for thoughts seems far removed from the many Ma- city these days, but dismiss as “too rural” its preservation effort and its sustainable laysian towns and cities that currently in places that offer them authentically? building ideology (read more on pg6). suffer from this misapplied branding. Wherever you stand on the future of Ipoh has also shown its potential as a Given my northern heritage, nothing Ipoh, one thing is certain, there is inevi- holiday destination with the success of irks me more than when Ipoh, the capital table change on the horizon as the spill The Lost World of theme park of , is described as such. Ipoh is over of economic activity from both the and the serene Banjaran Hotsprings Re- many things, but it is not – nor has it ever north and the south necessitates it. De- treat, and with the many educational in- been – sleepy. velopment is picking up pace in the stitutions located in the vicinity, there is Sure, it does not have the towering Perak capital, and it is poised to take on also positive scope for student accom- skyscrapers of Kuala Lumpur, nor the a more modern face – some say for the modation (see pg14). bright lights and pace of Penang, but it better, others will lament the loss of its Interestingly, our regular contributor, does have its own blend of attractions. timeless appeal. Dr Daniele Gambero points out that Ipoh And anyone who has been to downtown Personally, I’m with the former, but also holds immense potential for a new Sleepy town”... it is a term that has Ipoh (where all the famous food attrac- only because the signs are positive in brand of development. With its relative long been in use, but I wonder if it tions are) at lunch hour will tell you that it terms of the flavour of new develop- proximity to Malaysia’s most populous “has always been applied correctly? is as vibrant as a pond full of flamingos ments taking shape there. Yes, there is cities, it offers an ideal escape for retir- I’ll be the first to admit that I am often in mid-summer. an influx of modern facilities, but these ees looking to retreat from the urban confused by its true meaning. Is it a town Ipoh was once the tin mining capital are also being delivered with concepts hustle and bustle to enjoy a more fulfilling that is so devoid of activity that one can of the country, and a major economic that embrace the natural surroundings, life (pg4). In this context, Ipoh’s blend of only assume that its inhabitants are powerhouse in the early days of the na- packaging it as a unique lifestyle propo- modern facilities and rustic green charm asleep, or dead? Or perhaps it is a town tion. Even when the tin mines dried up, sition. provides the ideal solution. so serene and quiet that it induces sleep Ipoh’s central position on a route that Thankfully, many discerning develop- No, Ipoh is not sleepy. But what it is among those who visit it? links KL with Penang has sustained its ers are becoming aware of the fact that shaping up to be is a modern city where If the world of literature can be used importance as a strategic halfway point, “green” is indeed the colour of money, you can enjoy a contemporary urban life- as a reference point, then a fine example for commercial logistic activity as well as and are banking on the huge demand for style and still have a good night’s sleep. can be found in Washington Irving’s for holiday travellers. It doesn’t hurt that this rapidly diminishing way of life. For Now that’s luxury worth paying for. 19th century story entitled The Legend Ipoh is also famed for its food, making it the moment, green grows in abundance of Sleepy Hollow. The town of Sleepy a necessary stopover for most north- in Ipoh and its surrounding vicinities, and Hollow, as portrayed by the renowned bound and southbound travellers. if new projects continue to harness this author, is perhaps the arc typical sleepy We new-age urbanites too callously appeal, then there is a bright sustainable town, where the community is complete- apply the term “sleepy” when a commu- future for the city. ly secluded, there is little local economic nity doesn’t share the same rat race Fine examples include The Haven activity, and the population is so scarce, pace that we’ve become accustomed Lakeside Residences, a project that you’d have to pick from a handful of first to. Sadly, we also fail to see the virtues of seems to have achieved the impossible cousins if you wanted to procreate. rustic charm, tempered pace of life and by introducing modern highrise condo- CHRIS PRASAD Naturally, the story’s description was idealistic green ambiances when it is not miniums in a backdrop of picturesque Editor

MANAGEMENT EDITORIAL PRODUCTION MARKETING/ COLUMNIST TEAM COORDINATION Pavither Sidhu Kent Tan Sanusri Mohan Dr Daniele Gambero Features News Graphic Designer Shaun Murugaiyah Issue #17| Chris Prasad Marketing Coordinator KDN PP17702/03/2013 (031992) Editorial Roznah Abdul Jabbar Prisca Teh Aiemax Madehi Shashitharan Naidu Gunaprasath Bupalan Issues Copy Editor Photographer Strategic Marketing PropertyTimes.my, is published by Terra Value Sdn Bhd (Co. no 662001-M) Operations / Marketing Viknesh Ashley Wan Hairina 33-5-6, BLOCK C, JAYA ONE BC Tiang Clarence Agency Liason Jalan Universiti, 46200 Petaling Jaya, Selangor, Malaysia Reviews T: 018. 349. 5422 | 03.7629.8120 / 21 / 23 / 29 | Production E: [email protected] Hotline: 03.7629.8120 Hotline: 03.7629.8120 Hotline: 03.7629.8129 Hotline: 03.7629.8123 PROPERTYTIMESMY\)SSUE\PB 4 \)SSUE\PROPERTYTIMESMY Special FOCUS: IPOH Potential for ‘third age’

The growing number of Malaysians aged over 55 will represent a highly profitable business opportunity in the near future

by DR DANIELE GAMBERO diversified range of options for those who elect it as his/her residential ad- dress. riving through the Ipoh net- Environment-wise the limestone work, the first impression a hills offer a breathtaking panorama Dpassing traveler may get is: dotted with lakes, rivers, walking “Nice kampung”. However, an online tracks and old buildings that will check will reveal an astonishing pop- make the day for a culture- and heri- ulation of more than 500,000 for Ipoh tage-hungry visitor. For the more ad- city. For the greater Ipoh metro dis- venturous ones, clean and well-main- trict, the count goes far above 1.5 mil- tained exploratory routes have been lion. set up in the surrounding areas. The numbers do not shake away Located less than one hour’s drive the cosy feeling though, and the trav- away from Penang and Cameron eler will probably keep on referring Highlands and two hours away from to Ipoh as the Kampung City of Ma- Kuala Lumpur, Ipoh is set to become laysia. the perfect destination for several With such a huge population, Ipoh millions of tourists in the years to has its own micro-economic system. come. Driven by the tin-mining industry in Excellent proof comes in the form the first half of the previous century, of a residential project that has been it is today mostly centred on educa- making its not-so-easy way to fame: tion, health and tourism. Travelers The Haven Lakeside Residences. Its Ipoh’s geographical position between KL and Penang, as well as its are treated to a unique 360-degree developer, Peter Chan, a Singapor- green ambience and many health facilities, makes it an ideal hub for vista of limestone hills, countless ean-Australian who fell in love with retirees. lakes, small streams, wide rivers and Ipoh a few years ago, has been con- the rainforest, making it a perfect tributing substantially to the current all the residents of the second and and moving towards the 2020 target destination for a relaxing and quiet popularity of the city. third towers, The Haven is becoming of becoming a high-income fully-de- holiday or permanent home. When designing his project, Chan a must-see or must-stay place in veloped country. A recent survey conducted world- looked for the perfect mix of modern Ipoh. This growth will bring along, as all wide by US News has ranked this fittings in a modern design nestled Chan has conducted a worldwide the statistics are showing, a much Kampung City third under the least into lush greenery and he ensured marketing campaign, contributing longer lifespan which will generate expensive places to retire. the end-result matched his vision. significantly to the recognition of an exponential growth of the “third This title is well-deserved but it Since December last year, in an ad- Ipoh as an area with high tourism po- age” group. What is today a popula- takes more than inexpensive living to vantageous combination that pro- tential. The path has been paved and tion of 6.3 million Malaysians aged 55 make a place a retirement destina- vides Best Western hotel facilities in it is now up to others to pick up the and above will become a 14-million tion. One thing is certain though - one of his three blocks with high great opportunity offered. group within the next 15 to 20 years. Ipoh can offer a complete and highly- standard services and amenities to Malaysia is consistently growing This aging change will represent a Special FOCUS: IPOH PROPERTYTIMESMY\)SSUE\5 ‘third age’ business in cosy Ipoh

highly profitable business opportu- sia, have been refining the perception age” and for those who intend to en- more meaningful and consequently nity for those willing to move into it. towards retired people or retirement ter into this field, it is important to much longer stay on this side of the Care for the aged is a multi-faceted age by making it more interesting fully understand the practical needs world for the third-age group. economic dare which includes spe- through a high-content offer of differ- of the elderly and become client-ori- The mandate, for all the parties in- cially-designed residential develop- ent lifestyle models. ented service providers. volved, is to do it right with an open ment, nursing and third age educa- Ultimately, it is to make growing old New medical and clinic facilities mind ready to learn and use the expe- tion services and a comprehensive a pleasurable experience by initiating will be needed such as day-hospitals, rience that others have been accumu- number of activities to be offered to different types of interesting activi- dialysis centres, specialised physio- lating elsewhere in the region. the elderly to make their stay more ties which complement the residen- therapists and acupuncturists as well The rewarding promise is that, if appealing and pleasant. tial development. as a separate entity of facilities and handled right, this third-age business Singapore and Australia, just to Health care is definitely a primary instructors to coach on a healthy life- will bring a huge pot of gold at the mention two countries near Malay- component of this new “aging pack- style which will result in a happier, end of the rainbow. 6 \)SSUE\PROPERTYTIMESMY Special FOCUS: IPOH Escape to The Haven Ipoh’s hidden jewel gives form to a holidayer’s fantasy Special FOCUS: IPOH PROPERTYTIMESMY\)SSUE\7

The scenic poolside sets the tempo for a fun and relaxing retreat.

by PAVITHER SIDHU

eonardo Di Caprio’s charac- ter, Richard, from the movie LThe Beach sets out to expe- rience something that is radically different from the ordinary, em- barking on a journey that leads him to a solitary beach paradise in Thailand. At the crevices of our minds, we all yearn to be the hand- some hero (or his co-star, if you are female) who turns heads to his toned abs and flutter hearts with his refined charm. While you hit Best Western’s hallmark quality is evident in the pristinely kept units. the gym and spurn that delicious meaty steak towards achieving five-star resort facilities to cele- Lumpur city, aptly named The Ha- To get there, drive along the that vision, you may also wonder brate your achievement. It should ven Lakeside Residences. Amal- North-South Expressway heading about such a tropical bliss to exude a tranquilising aura that al- gamating modern luxury with a to Tambun, Ipoh and this is where flaunt the future made-over you. lows your body to enjoy a well- valley of lush virgin forest, it lays the majestic limestone formation The place should offer a pictur- deserved respite. hidden in Perak, a state better along the highway will begin to esque backdrop that will comple- Such a sanctuary exists just two known for its bean sprout chicken welcome passers-by, indicating ment your solid new figure with hours’ drive away from the Kuala rice. the destination is close. 8 \)SSUE\PROPERTYTIMESMY Special FOCUS: IPOH

Spacious layouts give residents room to breathe, while enjoying the view of lush hills and a tranquil lake.

Right after exiting the Ipoh through an 800m driveway cov- by its chief executive officer, Pe- Visitors will be greeted like a toll, it is a mere 10 minutes’ drive ered by a canopy of trees leading ter Chan foresaw the demand of celebrity with a welcome drink passing by a Giant hypermarket, to an enclave surrounded by a luxury condominiums in the se- and a cold towel upon arrival a McDonald’s drive-through, The virgin forest, accompanied by a rene town of Tambun. from the warm and friendly re- Lost World of Tambun and the flowing lake surrounded by 280 Managed and operated by Best ception staff. Upon checking in, Banjaran Hotsprings Retreat million year old limestones as its Western Premier, it also acts as a bell boys will direct guests to which will lead you to the cut-off neighbour. condotel, a condominium-cum- their designated units. into the hidden oasis, greeted by This exclusive luxury condo- hotel with every five-star facility The Haven consists of three a guard house. minium project is spearheaded that can be expected from the residential towers named Acacia, The Haven welcomes you by The Haven Sdn Bhd. Helmed renowned Best Western brand. Banyan and Cycas with a total of Special FOCUS: IPOH PROPERTYTIMESMY\)SSUE\9

After a good bath, there is something breathtaking waiting at the balcony. It is a spectacular panoramic view of the sanctuary where facilities can be enjoyed amidst nature. The view offering a placid four- acre lake and 14-storey limestone rock formation called the Rock- haven with its splendid green rolling hills in the backdrop cer- tainly puts Mother Nature’s glori- ous creation right in front of your home. The four-acre lake, surrounded by 10 acres of natural landscap- ing, while the project itself occu- pies 13.6 acres. The serene setting puts you in right mood to explore the facili- ties within this peaceful abode, starting with a dip in the five-lev- el seahorse-shaped swimming pool. Water lovers would see this as the perfect opportunity to get in and have some fun as there is an infinity pool overlooking the lake, a lap pool, children’s pool, wading pool and Jacuzzis. Adding to the excitement, there are slides for kids and adults to catch a thrill. The decks and lounge chairs are ideal for catching up on some reading while basking in the sun by the poolside. For sports enthusiasts who need to let off some steam, there is a badminton court of merbau flooring and a squash court. Even more refreshing is inhal- ing unpolluted air while jogging on the track that circles the lake. To maintain that fit form and Spacious layouts give residents room to breathe, while enjoying the view of lush hills and a tranquil lake. pump on some muscles, there is a fully-equipped gym available too. 512 units. With over 10 layouts read surprise comes once the to facilitate the need to keep in Children who hardly get the and built-ups from 968sq ft to door is opened. A living space touch with the virtual world. chance to play outdoors can let 5,350sq ft, consisting of studios, that offers a kitchen, a large hall, The highlight of the master loose at the playground. two-bedrooms and three-bed- a balcony and tastefully-decorat- bedroom is a wall that has a see- Not forgetting those who pre- rooms. All three 26-floor towers ed rooms which come with en- through glass panel looking into fer a relaxed mode to release will boast penthouses which are suite bathrooms immediately the bathroom. In there, guests stress, a sauna and steam room is due for completion soon. gives you a sense of luxury. can soak in the bathtub while available, while those who prefer Using an access card to the Adding to this indulgence is the overlooking the picturesque stretching into a yoga pose can designated floor, the lift opens to fact that these units come installed views of greenery through the opt for a quiet time at the out- an airy walkway to your unit. The with broadband and Wifi services window. door meditation deck. 10 \)SSUE\PROPERTYTIMESMY Special FOCUS: IPOH

Wooden walkways are ideal for Guests need not to worry about boasts advanced features that are international cuisines where well- those who prefer taking a stroll security as The Haven employs a second to none. For instance, on trained staff will ensure you get a along the lake admiring the beauty 24-hour five-level security system the exterior, it uses the Shell five-star dining experience while of the harmonious flora and fauna, with 16 megapixel high definition Flinkote waterproof membrane enjoying the beautiful scenery. and learning the names of plants CCTV camera. paintwork, said to be the most ex- Those who prefer trying the lo- around here. The developer has forked out an pensive paint in its class. cal delicacies can utilise the shut- Meanwhile, some catch-up time additional RM18 million to build a The development also adopts tle service to a desired location for with friends and family can be or- conference complex which con- eco-centric features by optimising some authethentic Ipoh delica- ganised on an outdoor picnic at sists of a ballroom, a conference and harnessing the power of nature cies. the barbecue or picnic area to end hall, a seminar room, a premier that its location has to offer such as As it is only 10 minutes away to the evening, or simply book the lounge and helipad to cater to the installing solar panels to power ex- Ipoh city centre, shopping centres amphitheatre that overlooks the needs of corporate leaders who ternal and common areas as well as and eateries, a tour can be ar- lake for a memorable event espe- come here for their business or rainwater harvesting. ranged to explore what this bus- cially at dusk where reflections of functions. As night time approachers, tling state has to offer before retir- glorious colours from the lake Aside from that, as a five-star guests can opt to dine at the Kem- ing for the night. casts an ethereal glow around. residential property, The Haven bali restaurant offering local and Now a place like this would Special FOCUS: IPOH PROPERTYTIMESMY\)SSUE\11

definitely deserve recognition. The Haven has won two world- wide accolades since its launch along with 18 local awards. The fact that properties on this development is valued commen- surately more today at RM660psf, compared to when it first started, is a testament to its quality and popularity. So just like Richard’s paradise, The Haven, a marriage of nature’s gifts and man’s innovations which The Haven Lakeside Residences has created the perfect peaceful boasts comprehensive facilities abode, is indeed a paradise worth within a pristine setting. discovering. 12 \)SSUE\PROPERTYTIMESMY Special FOCUS: IPOH NEW KIDS ON THE BLOCK

Amber and Alder 2 storey and 2½ storey detached Casa Bintang Residences houses

Type: Condominium Type: Bungalow Location: Ipoh Location: Bandar Baru Sri Klebang, Ipoh Description: This development is an exclusive 51-unit low Description: These 75 leasehold bungalow units will be located dense property spread across 2.6 acres of freehold land, located within Kinta Properties’ latest venture, Grand Retreats 2. The development combines the elements of a retreat lifestyle and debut in Ipoh, the freehold duplex sells from RM815,000. The development which is scheduled to be completed by the middle set over a 70ft by 90ft land. These homes are priced between of 2015 is also gated and guarded RM866,210 and RM1,267,800 and targets for completion by Developer: Golden State Properties Sdn Bhd October 2015. Developer: Kinta EcoCity Sdn Bhd

Embun Mews 1Tasek Business Centre Type: Townhouse, condo Type: Location: Meru Valley Resort, Jelapang, Ipoh Location: Ipoh Description: Description: - on 2.2 acres of land in the area. Each unit features rooms and sell from RM703,800. The development targets for wide glass frontages and cantilevered designs. The development completion in December 2016 Developer: Meru Valley Resort Bhd Developer: Budaya Idaman Sdn Bhd Special FOCUS: IPOH PROPERTYTIMESMY\)SSUE\13

Suria Hill 2@Medan Klebang Mewah Taman Pengkalan Tiara, Phase 5C Type: Single-storey semi-detached houses Type: Location: Klebang, Ipoh Location: Description: This collection of 32 freehold semi-detached Description: - unit holds four bedrooms as well as four bathrooms and sell from bedrooms and two bathrooms. These units sell from RM279,000 RM369,800. Completion is expected for December 2016. and targets for completion this July. Developer: Total Investment Sdn Bhd Developer: P.K. Lee Sdn Bhd

Aman Lofts MontBleu Residence

Type: Apartment Type: Townhouse Location: Meru Valley Resort, Jelapang, Ipoh. Location: Sunway City Ipoh. Description: Description: units set within the Sunway City Ipoh, township. This phase and one bathroom to two bedrooms and two bathrooms per unit. spans over 11 acres of leasehold land holding 220 units of town- The development features a range of facilities which include secu- rity and CCTV system, reception and lounge area as well as basic facilities found in similar developments. This property sells from - RM311,800 with the completion targeted for December 2016. clave sells from RM506,000 and is set for completion in January Developer: Meru Valley Resort Bhd 2016. Developer: Sunway City (Ipoh) Sdn Bhd 14 \)SSUE\PROPERTYTIMESMY Special FOCUS: IPOH

An educated buy in Kampar Kinta Saujana introduces MH Unilodge, offering guaranteed returns upon completion by VIKNESH ASHLEY CLARENCE upon completion. The units are divided into nvestment opportunities three blocks hosting 56, 72 and 60 come in many forms requiring each. The sizes range between Idifferent funds. One of the 569sq ft and 702sq ft. easiest on the pocket is student Catering for immediate occu- accommodations because they pation, all units will be fully-fur- are affordable and offer a steady nished with bed frame and mat- and consistent rental return. tress complete with divan, One such property is now wardrobe, dressing table, mirror, available in Kampar, Perak, situ- water heater, study table, ceiling ated 1.5 km away from the well- fan, air-conditioner, refrigerator, established Universiti Tunku Ab- table, chair, electric kettle as well dul Rahman (UTAR). as an induction cooker. Developed by Kinta Saujana MH Unilodge, Kampar pro- Sdn Bhd, it is called MH Unilodge. vides a range of basic facilities MH Unilodge is now 60 per cent constructed and it is targeting completion by Catering solely to students, the including an infinity pool, gym, 2015. property sits on a 4-acre plinth of discussion room, library, launder- freehold land and offers 198 units ette, indoor cafeteria, computer and Block C is 95 per cent sold. Kampar is two hours away from priced between RM218,000 and lab and touch-card system doors. The Unilodge is set for comple- Kuala Lumpur via ETS Train RM253,800. The developer guar- Every residence is WiFi-enabled. tion by the middle of 2015. (from KL Sentral). Travel by road antees an annual 7 per cent rental Currently, block A is fully Ipoh city is 45 minutes’ drive takes another half an hour more return for the first three years sold, Block B is 45 per cent sold away from this university site and via the PLUS highway.

16 \)SSUE\PROPERTYTIMESMY Special FOCUS: IPOH Sunway Resort City gets premium outlet boost Group is on the path to becoming the largest mall owner and operator in the country

by KENT TAN The up-and-coming development bear similarity with Sunway Resort tra, which comprises Sunway Putra will span over 35 acres in a location City, with a hotel, theme park and Mall, Sunway Putra Hotel and Sunway he whistle-stop city of Ipoh in that is close to The Lost World of Tam- shopping mall. Adding on to that, Sun- Putra Tower, together with the rede- Perak will soon have addition- bun water theme park. It will feature way group is already operating hotel velopment of Sunway Velocity (for- Tal commercial lustre thanks to popular luxury brands such as Coach, and theme park in Ipoh: Lost World merly Queensbay) in Kuala Lumpur is the upcoming development of pre- Michael Kors and Kate Spade. Hotel and the Lost World of Tambun. on track for completion by the end of mium outlets by Sunway Bhd. “There is an emerging trend among The development’s success rests on this year and end of next year, respec- According to Sunway’s chief exec- young people who like to own famous its location close to the renowned tively. utive officer of shopping malls and branded goods at a price that they can theme park and it will leverage on its A total of RM600 million has been theme parks, HC Chan, the retail con- afford,” said Chan, who is also the ad- convenient access to the North-South invested in Sunway Putra and nearly cept from United States puts outlets viser and immediate past president of Expressway. RM1 billion invested in Sunway Veloc- some distance away from city cen- the Malaysia Association for Shopping Sunway group aims to lure the big- ity. Upon completion, Sunway Putra tres, as customers are willing to travel and High Rise Complex Management. gest mall operators and owners from Mall and Sunway Velocity will boast for a good buy. The strategy also al- According to the developer, the de- its three successful malls country- nett lettable areas of 600,000sq ft and lows the business owners to stay sign and planning works for the proj- wide, namely Sunway Pyramid in 900,000sq ft, respectively. away from competition from shop- ect has already been finalised and Bandar Sunway, Sunway Giza in Kota Sunway Group also plans to build ping malls in the city centres. there have been discussions with Damansara and Sunway Carnival in Iskandar Mall in Iskandar Malaysia, The typical premium outlet centre prominent retailers. The construction Seberang Prai. It also plans to build Johor, based on the same template will feature single- or double-storey process is expected to take approxi- four more malls, and add extentions that forged success in Bandar Sun- layouts and offer much-vaunted brand- mately two years. to Sunway Pyramid. way. The new mall will capitalise on ed goods sold at discounted prices. Chan said the premium outlets will The refurbishment of Sunway Pu- its proximity to Singapore.

18 \)SSUE\PROPERTYTIMESMY TALKING POINTS History that isn’t in the books

chants began settling down- town that sprouted where the centre for brick-making. stream and called the area Bet- main drain is located. During the colonial era, Brick- ing Pak Aceh. fields was transformed into the When the merchants found KELAWI ROAD PENANG main depot for the Malayan Rail- out that Orang Asli were living (SOMETIMES SPELT KELA- way (Keretapi Tanah Melayu). upriver, they decided to invade WEI ROAD) Today the old depot has been the poorly defended settlement According to blogger Wong Chun transformed into KL Sentral. and take over the strategic bay. Wai, this is one of the busiest by GUNAPRASATH BUPALAN All-out war ensued and the de- roads in Penang. But it will prob- ALOR GAJAH (ELEPHANT [email protected] feated tribesmen were forced to ably have little historical signifi- CHANNEL) flee to Bukit Tampoi in the Deng- cance, especially among the cur- Alor Gajah was initially inhabit- he other day, some bud- kil area. rent generation of Penangites ed by the Minangkabau people in dies and I took a drive While in flight along the river, who cannot remember the quaint the 12th century. It refers to a Tdown to Carey Island for it is said that the Orang Asli cau- British-styled bungalows and vil- district that covers 660sq km and some sumptuous seafood – it is tioned the many settlements lage houses that once stood comprises the townships of Alor said to harbour some of the best along the way, saying: “Jaga along the street. Gajah, Masjid Tanah and Pulau in the state. baik, baik.Di telok ada pangli- It is probably better-known Sebang. On route, we passed an area ma garang” (be careful, there is amongst most Penangites as the Legend has it that the name called Teluk Panglima Garang, a fierce ruler at the bay). The road that leads to the famous originates from a group of wild which I thought was an unusual- name has stuck. ever since. Gurney Drive or the popular Pu- elephants that once inhabited ly aggressive name for a quaint lau Tikus neighbourhood. the area. It is said that this group seaside settlement. Translated BUNTAR The name Kelawei is a British was led by a white elephant and into English, it means “bay of the is a border town transliteration of “Kuala Awal”, they had a peculiar habit of walk- fierce ruler”. situated in the north of the Keri- which the local name for the ing in a huddle along the channel My curiosity piqued, I asked an district in Perak and it is northern estuary near George of a river within the town. around if anyone knew why this flanked by the towns of Bandar Town. The name was used for Hence, the locals named this was so, but everyone was equally Baharu in the state of Kedah and the original Malay settlement town Alor Gajah, and the district perplexed. So, like a proper jour- Nibong Tebal in the state of Pen- along Kelawei Road also known later derived its name from the nalist, I decided to look it up. Not ang. The original settlement, as Kampung Syed. The remnants predominant settlement in the only did I chance upon an inter- called Old Town, is situated near of the village can still be found area. esting story behind Teluk Pan- the Engineering Campus of Uni- adjacent to Masjid Jamek Al-Mu- Alor Gajah is also famous for glima Garang, I also found eye- versiti Sains Malaysia (USM). nauwar Kelawei, between Edge- its Naning warrior, Dato ‘Dol opening stories behind many The town’s landmark is the cumbe Road and Jones Road. Said, who fought the British in other oddly named towns and Clock Tower, which was built in the Naning War of 1932. He cities in the country, which I 1961 and officially unveiled by BRICKFIELDS launched his attacks from a for- thought would make for an inter- the country’s first prime minis- Brickfields in Kuala Lumpur was est area that is believed to be esting read... ter, Tunku Abdul Rahman, on Au- initially developed by Yap Kwan filled with wild elephants. gust 24 that year. Seng, the fifth and last “Kapitan” There are many more interest- TELUK PANGLIMA GARANG The name Parit Buntar (drain of the Chinese settlers in Kuala ing examples, of course, includ- As recounted by the late Haji of buntar) originates from a well- Lumpur. A powerful leader, he ing the “muddy confluence” that b. Bulat, a former village head of known regional leader, Tok Bun- took advantage of the rapidly gave its name to Kuala Lumpur. Telok Panglima Garang that held tar, who was famous for building growing economy of the city and Given the opportunity, this col- the position for 25 years, the a much-needed irrigation and enacted a law requiring all new umn will discover more in the original name of the settlement drainage system for the locale, buildings to be built out of not-too-distant future. was Nibong Dengkil. which tapped into the water sup- bricks. For the time being, I hope we The village was located at a ply from the Kerian River. A kiln was established in what have at least established that, in bay and was once fully inhabited The main drain was dubbed is today Brickfields, because the Malaysia, there is more to a name by “Orang Asli” (aborigines). Be- “Parit Tok Buntar”, meaning the area was a clay pit from which of a place than meets the eye... cause of its strategic location, drain of Tok Buntar. Later on, it high quality bricks could be and there’s always a hidden story however, many Acehnese mer- was simplified to describe the made. It soon became a prime waiting to be told.

20 \)SSUE\PROPERTYTIMESMY FEATURE Grow your funds in foreign lands

Lifes Good breaks away from convention to provide a fresh outlook for clients

by PAVITHER SIDHU

f you have a budget of RM200,000 and are planning on Ipurchasing a property for in- vestment within the Klang Valley, you will probably end up disap- pointed. Even if you do manage to find a property within that price range, chances of obtaining a com- fortable annual yield is quite im- possible. What many have not consid- ered, however, is that with the same amount of money, it is pos- sible to obtain a lucrative yield by investing in a property in a foreign market. What makes property invest- ment in distant lands daunting and a risky endeavour is unfamiliarity with the legal requirements and procedures. Without tangible knowledge on the actual property itself, many potential investors shy away from what could be a very lucrative investment. Stepping into this void is Lifes lished in 2012, while its sister com- US state of Michigan. stand out from the rest is the pur- Good Property Consultants Sdn pany in Singapore, Life’s Good “Through this arrangement, pose it’s providing for its investors Bhd (LGPC). Under the helm of its Property Consultants Pte Ltd, was we are well-placed to provide – a lifestyle investment opportu- chairman, Richard Sheridan and founded in 2009. clients with the much-needed nity unlike other foreign investor director Sumy Ra, the company LGPC’s partners for the Michi- research, support and facilita- consultancies. works with property experts in the gan property portfolio are Real tion when it comes to foreign “When we first started, we United States and the United King- Time Investments (RTI) and Ace property investments so their didn’t want this to sound like just dom to seek out properties that Realty. Ace Realty is a licensed risks are minimised regarding another investment opportunity,” offer good investment prospects real estate agency while RTI’s ex- foreign ownership, overseeing she said. to locals. pertise is in the acquisition, refur- of rental and ongoing property According to Sumy, people need LGPC is a Kuala Lumpur-based bishment, leasing and manage- management,” Sumy said. to know what they are investing property investment firm estab- ment of single-family homes in the What makes this consultancy in, what will generate income and FEATURE PROPERTYTIMESMY\)SSUE\21 Grow your funds in foreign lands

The residential property market in Michigan presents a rare investment opportunity with high yield combined with excellent propect for capital growth.

for what purpose. “It is important to make people and buy the properties outright She further explained that as a “Which category do you fall understand what we do and what from the suburban secondary mar- marketing consultancy for foreign into? For example, for your chil- we cater for. It’s not just about ob- ket, refurbish and tenant them. investment, it is very important to dren’s education, retirement or taining sales and moving on from “A lot of property companies visit the neighbourhood personal- just to invest because your peers it. We only target the markets that out there are not very transparent, ly and liaise with the other compa- are doing it?” she asked. we know personally or the direc- and claim to assure a 36per cent to nies that are involved. Sumy told PropertyTimes.my tors would buy into. 45per cent yield per annum. It is LGPC’s Michigan property port- that what makes this consultancy “Officially, in our first property very important to have manage- folio offers an opportunity for Ma- different is how they make their in Michigan, the vendor, RTI, ment companies which are trans- laysians to invest in the United investors understand an invest- spoke about this product and what parent when it comes to annual States, which according to them, ment is more of a lifestyle opportu- caught our attention was their yields, especially in investing,” is experiencing “resurgence in nity. transparency. RTI would handpick Sumy asserted. economic activities”. 22 \)SSUE\PROPERTYTIMESMY FEATURE

Under the Michigan property portfolio, the fully-refurbished, tenanted and fully-managed prop- erties typically cost between US$45,000 (RM147,285) and “It is important to US$70,000 (RM227,325). The investment on average understand that gives a net yield of 11 per cent and 14 per cent but the company offers there is an a guaranteed minimum of 10 per cent net rental income per prop- opportunity to gain erty for two years with a very strong potential for capital growth. All the properties, which are appreciation here as handpicked and inspected before listing, are in prosperous, econom- Michigan is a state ically viable neighbourhoods in Metro Detroit counties that have that has gone seen home sale prices increase 13 per cent in 2012 and 16 per cent in through turmoil in 2013. “Property values here are low, the economy.” but rentals are high and are in- creasing over time. We have to be – Sumy Ra very careful in selecting proper- ties which have room to gain val- ue. “For example, the median sales price for homes in Redford, Michi- gan in Sep 2012 to Nov 2012 was US$63,450 (RM206,054). This rep- resents an increase of 6.9 per cent or US$3,450 (RM11,204) com- pared to the prior quarter and an increase of 9.1 per cent compared to the prior year.”

HOW THIS WORKS Sumy explained that the process is simple and straightforward. “The first step involves select- ing the property and reserving it. Once that is completed, a standard US Purchase Agreement form will be sent to the client and the US at- torney or Title Company. These documents must be signed and returned to the attorney and the total amount of the funds must be cleared before the closing dates. “Upon the clearance of the funds, the ownership of the prop- erty will be assigned to the client. Once that is done, RTI will under- take the instruction of Property Management Company, the ap- pointment of a portfolio manager, FEATURE PROPERTYTIMESMY\)SSUE\23

the appointment of power of attor- mostly looking for people with in- if there is insufficient cash, chanc- this is not an option for many, ney for building insurance purpos- vestment funds, but not specifi- es to obtain it from the help of but selective people who can be es and accountancy services as cally targeting high-end investors families is high. On the plus side, tied-up for five to six years. required. with this amount “It is important to understand “The Property Management “Property values in the United of investment, that there is an opportunity to Company will then arrange for the you have an inter- gain appreciation here as Michi- tenants that suit the requirements States are low, but rentals are est that is on-go- gan is a state that has gone and their portfolio will be vetted in ing, giving you through turmoil in the economy. terms of occupation down to their high and are increasing over high returns.” The property prices are not go- bank statements. This transparen- ing to drop further to what it has cy is what makes this investment time. We are careful about W HAT HAP - already been, but perhaps, in- more attractive. PENS AFTER crease slightly for added value “Finally, the Property Manage- TWO YEARS? appreciation, which is happening ment Company will collect the selecting properties which have She explained now,” Sumy said. rent and bank it into the client’s that clients are She concluded that like any inve account which can be monitored room to gain value.” free to continue stments, there are always pros and through a client’s portal dedicated with the contract cons. Investing out of Malaysia for the investors for the tenure of because this would be a small in- to manage the property even if doesn’t make it good or bad, but if two years.” vestment for them. their tenant leaves. However, you are making gains out of it, “Our target market happens to some investors opt to sell their then it’s an investment. TARGET MARKET be newly-married couples, small properties when the market val- On who can invest into these prop- families and retirees where ues go up. For more information, visit erties, Sumy said that they are RM200,000 is affordable and even “The downside of this is that www.lifesgood.com.my 24 \)SSUE\PROPERTYTIMESMY COLUMNIST Gambero’s Property Secrets Bridging the gap There is a dangerous misperception of basic economic principles behind the mismatch in demand and supply of affordable homes

Chart 1 years IRDA has been able to attract more than RM133 billion worth of committed investments within the nine economic clusters defined by the 2005-2025 Comprehensive Devel- opment Plan. As we speak, more than 55 per cent of this has already by DR DANIELE GAMBERO been realised (Chart 1). It is important to note that 65 per cent of the amount above has been hen I conduct seminars generated locally with a mere 35 per and presentations on the cent generated from foreign players. WMalaysian Property Mar- Looking at a possible 2020 out- ket, I often start by addressing the look, there are also some very posi- main driving factor that justifies the tive investment signals coming from balance between offer and demand: our neighbour Singapore. The recent the current economic performance state visit by the country’s Prime Min- and outlook of the country. ister indicates that the island nation and the collateral business it will gen- increased population now. It is a concept that has to be very is keen on Iskandar, but not from a erate. Making movies is not just Over the last 24 months, the prop- clear for both developers and pur- “property-speculation” perspective, about hiring a handful of stars, it re- erty market in Iskandar Malaysia has chasers. Real Estate is not a cause of rather it is because Malaysia is an at- quires an army of professionals and gained a tempo that doesn’t appear to economic growth in a country, it is tractive “industrial and manufactur- general workers from set builders to be sustainable. Again, we need to actually a natural consequence of ing facilities supplier”, with an afford- make-up specialists, this can number look at the real numbers. Even economic development in a nation. able but highly skilled workforce to into the hundreds. though it appears that too many high- Economic drivers are manufac- tap into. Most of the committed invest- end projects have been launched, we turing, services (such as financial The results of a recently conduct- ments that are coming Iskandar’s can see that will also be a reasonable services and high quality health ser- ed public opinion survey by Cross- way have the same “collateral added supply of low- and medium-low vices), education, tourism and oil roads Public Research Sdn Bhd (pub- value”, and require a workforce that priced flats. and gas. lished in April issue of PropertyTimes. specialises in information technolo- If we consider that the largest Overall, Malaysia has performed my) highlighted the poor level of gy and logistics. number of units in one single project well in the past decade, and the out- awareness that Iskandarians have is 9,600 units in the Country Garden look for the next several years re- about the growth that has been HOUSING OFFER AND ESTI- Danga Bay, and if we even multiply mains positive, as all the indexes are achieved by the Iskandar Regional MATED DEMAND this number by three (other projects showing ample room for improve- Development Authority (IRDA). With that said, we can look at what is are normally launching less than ment. By looking at the steady Local authorities and other stake- happening in Iskandar from a proper- 500/700 units each) we still have growth of the economy and compar- holders of Iskandar should be look- ty perspective – but first, let me stress more than 70,000 housing units that ing some of the indexes with other ing at these numbers with concerned that we are not looking at “today” but are not highly priced. fully developed economies, Malaysia eyes, as there is a clear need to in- three to four years from now. This is should be proud of its achievements crease awareness about the progress because we cannot wait for new resi- DEMOGRAPHIC GROWTH and should look to the future with that has been made, and how this dents to arrive into the region and MIGRATION AND WEALTH DIS- some optimism, though there is plen- progress will benefit the citizens of then scramble for “provisory accom- TRIBUTION ty of room for improvement. Johor. modation”. A limited supply of homes Demographic growth and wealth dis- It is easy to see how this applies Let’s talk about the recently set- would also cause prices to skyrocket tribution are also extremely impor- to Iskandar Malaysia. In the last eight up Pinewood Studios, for example, unreasonably. We have to plan for an tant factors when the time comes to COLUMNIST PROPERTYTIMESMY\)SSUE\25

make decision on purchasing a house Chart 2 for either investment or own use. We also need to consider that the Malaysian rural population is consis- tently moving towards cities/urban areas with a stable 3.5 per cent ratio (on the total Malaysian population) per year. This means that we will see Klang Valley hitting an estimated 10 million inhabitants and Iskandar Malaysia reaching the expected 3 million resi- dents by 2025 (Johor State almost 5.5 million). Wealth distribution-wise the sta- tistics show Malaysia has improved consistently towards the current 20- 5/60-58/20-37. The meaning of these numbers is, on a Malaysia-wide basis, the poorest 20 per cent of the population in 2012 Chart 3 (year of statistics) shares 5 per cent capita” to of the nation wealth, while the rich- “per house- est 20 per cent shares 37 per cent and hold” uses the middle 60 per cent shares the re- a 1.5 ratio maining 58 per cent. only con- At this point everything goes back s i d e r i n g to the still unanswered question: both cou- what does “affordable” mean? And ple’s com- can there be a realistic nationwide mitments parameter for affordability? and normal As I have said in previous articles, differences the answer is no. in payout So, the next step must be to calcu- b e t w e e n late, on a state by state basis, the av- h u s b a n d erage affordable value of homes. and wife. I hope these THE REAL AFFORDABILITY n u m b e r s Defined as we have the average per- will help capita income state by state with the you to bet- next table we see how different at the ter under- end must be the perspective and mind stand the set of lawmakers, buyers and develop- meaning of ers when addressing the affordability affordabili- issue and the results are opening the ty and how door to a new and interesting scenario it differs on for state rulers, developers and even- a nationwide basis. RM250psf to RM450psf looking at liv- the north and east in areas I like to tually investors (Chart 2). These values are median and if able spaces of 850sq ft to 1,100sq ft. call Iskandar’s Affordable Corridor of Two explanations on how these we look at Johor state and try to ex- Maybe I’m wrong, but I believe growth (Chart 3). values have been calculated: the trapolate real values for Iskandar, there are several development proj- monthly loan repayment takes into looking into the major economic de- ects which are offering liveable hous- Dr. Daniele Gambero, CEO and consideration the newly revised, by velopments that the “special region” es within these values. co-founder of REI Group of Compa- Bank Negara, rules on DSR (Debt Ser- has been going through, my personal For sure purchasers shouldn’t be nies, gives presentations on the vicing Ratio) and some average com- take is that affordable values should looking for their dream-home near property market and welcomes mitment that every household nor- be between RM200,000 and a maxi- Danga Bay or in JBCC, but they feedback at: Daniele.g@reigroup. mally has while the step from “per mum of RM450,000. Or, if you prefer should widen their range to include com.my 26 \)SSUE\PROPERTYTIMESMY REVIEW New spark for Old Klang Road MRCB’s mixed development to add zest to the matured locale by VIKNESH ASHLEY CLARENCE

LD Klang Road is marked in history as the first major Oroad in the nation. Com- pleted in 1908, it was such named for being the only connection from the capital to Port Klang then. The road became an economic stimu- lus ranging from roadside hawk- ers to seafood restaurants and from small grocery shops to size- able electrical shops. A communi- ty of dwellers seeking to plant a home near their rice bowls soon formed, ranging from bungalows to squatters. The project aims to change the skyline of Old Klang Road, transforming it into a modern urban hub. Today, though it is not the only of highways and public rail trans- hob, refrigerator, built-in oven, air- A sky gym, observation deck, link, the road remains a thriving port options to facilitate connec- conditioners and water heaters. party lounge, sky bar, reflexology trading area headed by the highly tions while providing an integrat- The developer offers early bird path, reading room, meditation popular Mid Valley Megamall at ed lifestyle via the inclusion of discounts including a 5% rebate, deck, Zen garden, yoga deck and the starting point. The upgraded various components, surrounded sales and purchase legal fee to be Jacuzzi are available on level 26 of and widened motorway remains by nature and landscape. absorbed by the developer and a the residential blocks. well-used as a fairly hassle-free The Vivo Residential Suites in 9 one year maintenance fee waiver. and totally toll-free link between Seputeh consists of four blocks. CONNECTIVITY Kuala Lumpur and Petaling Jaya. Since its launch last month, Block FACILITIES 9 Seputeh is easily accessible via Inevitably, the commercial ben- C and D have already been 70% This development offers an access two existing highways which are efit brought with it increased sold with only the five larger lay- to an endless number of facilities, the New Pantai Expressway property value, signified by sever- outs still available, selling from divided into indoor and outdoor (NPE) and the Federal Highway. al projects newly constructed and RM816,800 to about RM1.06 mil- on the 9th floor and a range of According to the developer, the under construction along the lion. Maintenance fee is tagged at added facilities on the 26th floor. driving distance from 9 Seputeh to stretch. RM0.40psf. The outdoor facilities on the 9th other locales include 5km to Bang- Joining the fray is Malaysian Re- The remaining two blocks, A and floor include infinity pools, kids’ sar and approximately 10km to sources Corporation Bhd (MRCB), B, will be launched in the middle of pools, sunken pool chairs, pool Sunway and Subang via the NPE. which is going to introduce 9 Se- the year, and the first parcel is tar- daybeds, BBQ pit areas, putting The development is also 1.5km puteh, a mass mixed development geted for completion in 3Q 2017. green, a half basketball court, jog- from Mid Valley, 6km from Petal- incorporating eight blocks of resi- ging tracks, a landscaped plaza, ing Jaya, 8km from Bukit Bintang dential towers, signature retail COMPONENTS timber decks close by the pools, and 10km from KLCC via the Fed- and commercial components as 9 Seputeh will stand across 17.4 children’s playground, a tennis eral Highway. well as a block of SoHo suites. acres of leasehold land in Old court, an outdoor gym as well as a Frequent flyers can connect to The developer said, “9 Seputeh Klang Road. Out of a total of 438 green area. the Kuala Lumpur International is set to redefine the horizon of units, the remaining ones for Level 9 indoor facilities feature Airport 50km away via the Maju Old Klang Road, offering a life- Block C and D comprising 44 and a lounge, children’s play room or Expressway (Mex). style enhanced by the existing re- 42 storeys respectively come in games room, an indoor gym, a To provide greater connectivity tail hubs of Bangsar, KL Sentral, sizes between 1,072sq ft and dance studio, sauna, steam room, to buyers, a dedicated link bridge and Mid Valley City.” 1,388sq ft. male and female changing rooms, to the NPE is to be built in addi- The site at the 3rd Mile, owned Each unit comes with partial music room and karaoke room, tion to a covered link bridge to a by Gapurna Land Sdn Bhd, a mem- furnishing which includes fully- indoor theatre, table tennis room, proposed monorail station situat- ber of MRCB, presents a network fitted kitchen cabinets, hood and roof cafe and function hall. ed across the development.

28 \)SSUE\PROPERTYTIMESMYA REVIEW

Revival of prime Ara Damansara’s project

Newfields takes over spread across five blocks with an abandoned project, restores individual access point allocated to each tower. hope to buyers Tower I and II holds 286 units each while Tower III and IV holds 254 units each. Tower V, being the most exclusive, houses a lower den- by VIKNESH ASHLEY CLARENCE sity of 167 units. Each unit is allocated two to three he construction formerly car parks placed on five levels at the known as Squirrel Hill De- basement or external covered bays. Tvelopment by Dataran Man- In Tower I to IV, four to 16 units tin Sdn Bhd has been an eyesore will be serviced by three lifts de- that sticks out like a sore thumb pending on different sizes while in within the upscale residential area Tower V, a standard number of sev- of Ara Damansara. en units will be serviced by four lifts. For almost nine years now, the A wide range of lifestyles is ca- shambolic abandoned project tered for in the many different lay- stands on 8.3 acres of prime free- outs offered, ranging between 500sq hold land along Jalan PJU 1a/3. With ft studio units and 1,385sq ft three- Dataran Mantin in liquidation since bedroom units. Selected units come Mar 6, 2009, the 680 purchasers, with additional private terraces which make up half of the whole de- ranging from 32sq ft to 359sq ft. velopment’s procurement, have Maisson is designed with floor-to- been left in a pickle. ceiling height windows and sliding However, they can see some light doors. Tower I to IV, priced from at the end of the tunnel now. Under RM700psf to RM750psf, feature Section 176 of the Company’s Act 3-metre ceiling heights. They come 1965 which permits a scheme of ar- installed with bottom kitchen cabi- It allows residents to literally CONNECTIVITY rangement, Newfields Group has nets, hood and hob and synthetic feel the world beneath their feet Maisson is placed in a sequestered been granted the approval to take marble kitchen countertops. where they are encouraged to kick enclave which allows residents to over the abandoned development. Tower V, sold at a higher rate of off their shoes to enjoy the green enjoy a low traffic neighbour- Renamed Maisson @ Ara Daman- RM850psf, provides each unit with a landscapes in the manicured hood. At the same time, it is close sara, the serviced apartment has 3.2-metre ceiling heights. They are parks. enough to various modern ameni- seen an additional 35% of sales, fitted with high quality kitchen cabi- Marketed with the tagline ties in the Ara Damansara town- bringing the total to 980 units sold nets along with black granite kitch- “Bringing traditions to life”, the de- ship under the Sime Darby devel- and leaving only 15% of units avail- en countertops, upgraded floor tiles veloper aims to build a “contempo- opment. able at present. and bathroom tiles and superior rary setting that brings families The Maisson is closest to the All the one-bedroom units have grade of sanitary ware and finishing. and neighbours together”. For this Tropicana access road which been taken up. Still at hand are the Maisson also features a two-level purpose, a large space called makes getting to retail havens larger sized two-bedroom units retail component spread across “Community Living” that may ac- such as 1 Utama Shopping Centre, ranging from 900sq ft onwards 14,000sq ft at the ground level to ca- commodate up to 100 people is Ikano Power Centre and the Curve tagged from RM760,000. The mainte- ter for cafes, bistros and lifestyle provided to hold garden parties Shopping Mall reachable within nance fee is charged at RM0.30psf. products and services such as tu- and family gatherings. 10 minutes. The RM850 million development ition centre, nursery, music school Sitting adjacent to it is a Kid’s Maisson will enjoy future LRT is currently at a 35% completion and launderette. Another 250 car Playscape and a 6,000sq ft duplex facilities as well with the LRT stage and the entire development is parks is allocated for the patrons. clubhouse besides a 50-metre Kelana Jaya Line currently being targeted for completion in March length Olympic-sized swimming completed 1.2km away from the 2017. FACILITIES pool. development. It is also easily ac- Situated directly above the retail On the rooftop of each block, resi- cessible via the North Klang Val- COMPONENTS component is a 2.3-acre facility po- dents can enjoy the luxury of sky ley Expressway (NKVE) and the The 1,247 units of Maisson are dium. lounges at a 23-storey high level. Federal Highway. REVIEW PROPERTYTIMESMY\)SSUE\29

Less than RM1 million, close to KLCC Faber Group offers inner-city condominiums at an eyebrow-raising price tag by AKSHAYA SURYA

hose on the lookout for rea- sonably-priced homes will Tbypass the Golden Triangle vicinity which is well-known for its exorbitant price tags that normally start from RM1,000psf. Certainly, no one harbours any hope of finding freehold land within an area of such limited opportunity Every once in a while, though, the unbelievable does happen. Faber Group Bhd is offering condominium units priced from RM322,800 smack in the heart of Kuala Lumpur sited on a 2.5-acre plinth of freehold land along Jalan Persiaran Gurney. Launched in October last year, the units measuring 600sf-plus have all been snapped up faster than hot The GBI-certified Faber Antara strives to reduce its carbon footprint via a verdant landscape. cakes. However, 70 per cent of the 255 units at Faber Antara are still ued at RM203 million, the project is available for sale, and these come in targeted for completion by Q3 2016. various sizes. Priced at just RM646psf with a reasonable maintenance fee of COMPONENTS RM0.32psf, the remaining regular Faber Antara consists of two blocks units come in a range of layouts of housing 127 units and 128 units in between 934sq ft and 1,986sq ft. each. According to the developer, Faber With a varied range of target pur- has grown from being a Malaysian chasers in mind including starter hospitality company in the early families, home upgraders, profes- 1960s. Since a restructuring exercise sionals looking for a city pad as well and some strategic initiatives, the es- as young couples and investors, the tablishment has grown into a key developer has created many options player within the integrated facilities of layouts ranging from 600sq ft to Seamless layouts allow for maximum space efficiency in each residential unit. management and property develop- 3,507sq ft penthouses boasting six ment sectors. bedrooms and four bathrooms surau, a squash court, saunas as well dius from Suria KLCC, the KL land- The developer also stated that capped at RM2.85 million. as a kindergarten and a children’s mark. This shopping mall also holds within the property industry, Faber’s playground. a manicured park perfect for a stroll. competitive edge comes in the form FACILITIES Also available are cafes, a laundry Faber Antara is located close to of well-planned neighbourhood de- The condominium facilities are at par area, covered car park bays, intercom various highways including the velopments. The developer is in fact a with similar developments which in- and 24-hour security services includ- SMART tunnel offering access to are- member of the public listed UEM clude a roof top gym, BBQ pits and ing an access card system, guard as such as Taman Desa and Sungai Group. viewing areas, an infinity swimming house and CCTV surveillance. Besi. Adding to that, the property will Faber Antara is ideal for the eco- pool complete with male and female also enjoy access to nearby LRT sta- logically-conscious, as it is Green changing rooms, a multipurpose hall, CONNECTIVITY tions which are located in Dato’ Kera- Building Index (GBI)-certified. Val- a reflective pond, a lounge area, a The development is within a 2km ra- mat and Jelatek. 30 \)SSUE\PROPERTYTIMESMY INTERIOR COncepts Incorporating outdoor living into “SoHo” by VIKNESH ASHLEY CLARENCE

tudio apartment, duplex and Small office Home office (SoHo) are gaining populari- ty because their smaller dimensions mean Slighter burdens on the pockets. Ranging between 300sq ft and 700sq ft and attainable from RM250,000, they are popular with first-time home- buyers who covet their own private living space. It also gives them a chance to flex their creative mus- cles in marking the territory with their own touch. The limited space presents its own challenges though, one of which is the lack of extra land or terrace space to place some oxygen-supplying greeneries or ear-soothing water features. Though most developers provide a park of foliage to com- pensate for this privation, we can’t stand there in our barest dressing and practise our yet-to-be- achieved perfect yoga poses without drawing un- wanted attention. So what do we do if we love outdoor living but lack the space to accommodate a garden? Well, we just bring the outside in.

Put the lumber beneath your feet hile cement flooring or ceramic tiles look cool and are cooling, barks are best to bring out the natural feel in- Wdoors. They can come in the form of timber strips, wood- en flooring or even bamboo flooring. They exude a resort-like touch that induces the much-needed cosiness after a hard day’s work. One tip to keep in mind when choosing between matt flooring or reflective flooring is that the former helps maintain a relatively lower interior space temperature.

Invite nature in o create a natural ambience, use the products of Mother Nature such as rattan and wood for furniture. Incorporate glass, pebbles, stones and woven rope Tbaskets into decorative items. Elements such as sea shells and jars of golden beach sand can bring in a sense of the sea, while furniture made out of drift wood can foster a forest-feel. INTERIOR concepts PROPERTYTIMESMY\)SSUE\31

Green, green grass of home eal is better than artifi- Rcial. Before we get turned off by the hassle of taking care of houseplants, consider minimum- maintenance potted shrubs, cactus, plants that can fit into little jars like the money plant, herbs, flowering vines and miniature bonsais. These indoor plants are generally more resilient. For the more adventurous ones, some homeowners take it to the next Dress interiors with natural shades level by creating a Green Wall. A Green Wall is far from painting a white wall ur sense of vision tends to find comfort when greeted by nat- green, in fact it is a wall fully or semi covered with vegetation that uses soil. ural colours. Hues of green, sky blue, lavender, gray, white Also known as living walls, bio walls, eco walls or vertical gardens, they Oand brown fall under this category. employ integrated water delivery systems to supply sufficient water for the By following a theme and painting the interiors in natural or earthy tones, plants. the rooms can be transformed into an eye-pleasing setting. Besides walls, the The Green Wall concept can be found in Edmonton International Airport, colour theme can be applied to upholstery, cushions, sofa sets, stools, quilt Canada; Chhattrapati Shivaji International Airport, Mumbai, India; and Chan- covers, table cloth, table runners and mats or rugs. gi Airport in Singapore.

Let there be light! he sun is nature’s life partner. It is Tthe basic life-giv- ing source for every natu- ral element such as plants, animals and hu- mans themselves. Sun- light therefore, should be invited as a permanent resident into our homes. The orientation of our units, whether it faces North, South, East or West, determines how much natural light we get.West is best, as this maximises exposure to the evening sun, which is not as scorching as the morning rays. Besides, direct morning sunlight can raise the temperature of interior space, increasing the need for air-conditioning which would lead to higher electricity bills as well asunnec- essary multiplication of overall carbon footprint. However, morning sun lovers can choose units that face east or south. To maximise sunlight but filter the heat, sheer curtains can be used. Invigorating the senses Having got the bearing right, ensure your privilege to the sun is not hindered by other ints of lavender, citrus, jasmine, wood and Kenzo high-rises. Hence, having viewed the model structure in the showroom, do find out if your flowers are known to have tranquilising effects daily view would consist of an unobstructed vista, another block of concrete or another Htypically used in spas and resorts. neighbour’s laundry on the line. The effect can be replicated in our humble abodes by Higher ceiling height and floor-to-ceiling height windows and sliding doors also ensure using oil burners, incense sticks or cones as well as ample space for the sun to bask itself. potpourri.