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MAKE BETTER DECISIONS FRIDAY NOVEMBER 13, 2015 ISSUE 2045/2015 A PULLOUT EVERY FRIDAY WITH Read this copy online @ theedgeproperty.com MAKE BETTER DECISIONS PP 9974/08/2013 (032820) EPJ2 FRIDAY NOVEMBER 13, 2015 • THEEDGE FINANCIAL DAILY FRI FRIDAY NOVEMBER 13, 2015 • THEEDGE FINANCIAL DAILY EPJ3 EPJ4 FRIDAY NOVEMBER 13, 2015 • THEEDGE FINANCIAL DAILY Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia. Printed by KHL Printing Co Sdn Bhd (235060-A) Lot 10 &12, Jalan Modal 23/2, Seksyen 23 Kawasan Miel Phase 8, 40000 Shah Alam, Selangor, Malaysia MAKE BETTER DECISIONS FRIDAY NOVEMBER 13, 2015 ISSUE 2045/2015 A PULLOUT EVERY FRIDAY WITH Read this copy online @ theedgeproperty.com MAKE BETTER DECISIONS PP 9974/08/2013 (032820) ep4 NEWS ep9 DEALMAKERS ep10 FEATURE ep12 FENG SHUI Internet the way to infl uence Her golden parachute Your island for under Is your property in buyers, says consultant US$1 million good shape? More power to KLANG Klang, home to the busiest port in the country, has numerous well-planned residential townships with abundant amenities. It’s expected to garner even greater interest as a property hot spot when a new light rail transit line is completed in 2020. See story on pages ep6 & 7. SUHAIMI YUSUF/THE EDGE PROPERTY FRIDAY NOVEMBER 13, 2015 • THEEDGE FINANCIAL DAILY EP2 PROPERTY | NEWS ON NEWS ROUNDUP Go to theedgeproperty.com for more listings ‘Fastest growing property portal KL Eco City serviced apartments of this year or the fi rst quarter of at www.theedgeproperty.com in the region’ to be launched mid-2016 2016. Tropicana Ivory is a 51:49 Th eEdgeProperty.com, which in JV between Ivory Properties and May launched property portals for Tropicana. Malaysia (www.theedgeproperty. Ivory Properties chief operating com.my) and Singapore (www.th- offi cer Goh Chin Eng said Tropi- eedgeproperty.com.sg), has seen cana Ivory Sdn Bhd will kick-start traffi c to the two sites grow by leaps the tender process in a matter of and bounds, especially in Septem- months, which was postponed ber and October. twice after a delay in approvals Do you think According to statistics tracked by the local authorities within the properties in by www.similarweb.com, www. stipulated time frame of the tender. theedgeproperty.my recorded Iskandar are 229,239 visitors and 616,653 page Mah Sing charity fun run raises worth buying views in October. Its Singapore site S P Setia Bhd will launch a serviced RM1.28 mil now? www.theedgeproperty.com.sg re- apartment project worth RM500 Mah Sing Group Bhd’s corporate corded 171,479 visitors and 493,860 million at its KL Eco City develop- social responsibility division Mah dous,” said Mah Sing Foundation page views in the same month. ment in the middle of next year. Its Sing Foundation raised RM1.28 chairman Datuk Syed Norulzaman Combined, the two sites had acting deputy president and chief million to boost awareness of au- Syed Kamarulzaman (pix, above). 402,238 visitors and 1,112,606 page operations offi cer Datuk Wong Tuck tistic and underprivileged children Contributions were channelled views in October, compared with Wai says the project will be located with a 4.7km ‘fun run’. to non-profi t organisations such as 71,422 visitors and 322,113 page next to a hotel within KL Eco City. About 1,380 participants took Inisiatif Sokongan Autisme Nouri, views in May. To date, the group has launched part in the event held at the Lake CADS Enhancement Centre (in aid Th is is a 563% and 345% jump RM3 billion worth of properties in Gardens (Perdana Botanical Gar- of underprivileged autistic chil- Property in monthly visitors and page views KL Eco City, including a 35-storey dens) on Nov 7. dren); Little Yellow Flower Edu- respectively. strata offi ce tower with a gross de- “I am very proud and delighted cation Foundation; Berkat Chil- developers TheEdgeProperty.com’s web- velopment value (GDV) of about to say that through the support of dren’s Home, Johor; Montfort Youth and their take sites have a full range of analyti- RM306 million. our sponsors and contributors, the Training Centre, Sabah; and Hand- on the Johor cal tools including indicative val- A public-private partnership be- response to this event is tremen- icapped Children’s Centre, Penang. uations, past transactions, rental tween S P Setia and Kuala Lumpur property rates, trends, hot spots and new City Hall, the 25-acre KL Eco City market project launches. is designed by Jerde International. “We are happy with the progress RPGT rates we’ve made. It is fair to say that we Ivory’s WorldCity reclamation In the article ‘What you need to know about Real Property Gains are the fastest growing property works may begin in 2Q2016 Tax’ published in the Legal column last week, the table that states portal in the region,” says Bernard After a delay of almost four years, the real property gains tax rates had some errors in it. Tong, director, strategic initiatives, land reclamation works on the We apologise for the errors. Please refer to this table instead. at Th eEdgeProperty.com. RM10 billion Penang WorldCity “However, we are not here to mixed-use development in Bayan FROM ACQUISITION MALAYSIAN AND NON-MALAYSIAN COMPANIES chase traffic figures. We believe Mutiara, Penang, may fi nally be TO DISPOSAL PERMANENT RESIDENT (%) (%) (%) The Edge Communications Sdn Bhd we have a pivotal role to play in moving forward. First to third year 30 30 30 (266980-X) enhancing the property search ex- Th e joint venture (JV) between Level 3, Menara KLK, No 1 Jalan PJU 7/6, perience and improving the overall Ivory Properties Group Bhd and Fourth year 20 30 20 Mutiara Damansara, 47810 Petaling Jaya, Fifth year 15 30 15 Selangor, Malaysia effi ciency in the market. With the Tropicana Corp Bhd plans to call for right team on board, we will get tenders for the reclamation works Sixth year onwards 0 5 5 there very soon,” he adds. at Penang WorldCity by the end Publisher and Group CEO Ho Kay Tat Editorial For News Tips/Press Releases Tel: 03-7721 8219 Fax: 03-7721 8038 If you have any real estate-related events, email us at [email protected]. Email: [email protected] LAUNCHES & EVENTS Events listed here will also appear on theedgeproperty.com. Senior Managing Editor Azam Aris Contributing Editor Sharon Kam Editor Rosalynn Poh IOI Properties Showcase apartments available as studio, Date: Nov 14 and 15 (Sat and Sun) Deputy Editors E Jacqui Chan, Date: Nov 13 to 15 (Fri to Sun) 1-bedroom or 2-bedroom units. Venue: M Residence Sales Gallery Wong King Wai Venue: IOI City Mall, Putrajaya Facilities include an infi nity sky & Show Village, Jalan Tasik Assistant Editor Lam Jian Wyn Senior Writer Racheal Lee Contact: (03) 8912 3333 pool, cafe, fi tness centre, sun Puteri, Rawang, Selangor Writers Chai Yee Hoong, / (03) 8947 8899 deck and mini rooftop garden. Contact: (03) 6092 8188 Rachel Chew, Hannah Rafee, An annual event by IOI Properties / (019) 313 3250 Tan Ai Leng, Natalie Khoo, Ewe Shufei Group Bhd with a wide range of Open house in TTDI Mah Sing Group celebrates Art Director Sharon Khoh off erings located in Puchong, this auspicious festival with Design Team Cheryl Loh, Putrajaya and Bangi for home residents and visitors. There will Valerie Chin, Aaron Boudville, buyers and investors. Attractive 1/3J, Putra Point, Putra Nilai, be a showcase of its projects in Aminullah Abdul Karim, schemes such as low down Nilai, Negeri Sembilan Puchong, Cyberjaya and Rawang. Yong Yik Sheng, Tun Mohd Zafi an Mohd Za’abah, Noorain Duasa payment and IOI Privilege Cards Time: 10am to 4pm will be given to prospective buyers. Contact: (06) 799 2218 / Launch of Vita Student Corporate (012) 634 5655 (Eddie) Village York in Malaysia Managing Director Au Foong Yee Skylar serviced D’Mayang Sari is the latest Date: Nov 14 and 15 (Sat & Sun) Deputy Managing Director Lim Shiew Yuin apartment exhibition residential development by Venue 1: Salon III, G Hotel, Seri Pajam Development Penang and Iris & Hibiscus Advertising & Marketing Date: Nov 14 and 15 (Sat and Sun) in Nilai. The launch off ers Rooms, One World Hotel, To advertise contact Venue: 66, Taman Zaaba, Taman double-storey terraced houses. Bandar Utama, Petaling Jaya GL: (03) 7721 8000 Fax: (03) 7721 8288 Tun Dr Ismail, 60000 Kuala Lumpur Prices start at RM497,800. Time: 10am to 7pm Chief Marketing Offi cer Time: 10am to 4pm Contact: (016) 228 9150 Sharon Teh (012) 313 9056 Contact: (017) 255 2918 (Jonathan) Mah Sing’s Deepavali and (016) 228 8691 General Manager, Digital Media This is an open house of a colonial- celebrations Vita Student Village York is Vita’s Kingston Low (012) 278 5540 Senior Sales Managers style bungalow in Taman Tun Dr Date: Nov 14 (Sat) fl agship development centrally Geetha Perumal (016) 250 8640 Ismail upgraded seven years ago Venue: Kinara Residence located in the heart of York, UK. Fong Lai Kuan (012) 386 2831 and on sale for RM5.5 million. It Clubhouse, Jalan DU 5/7, Taman A 528-apartment village within a Peter Hoe (019) 221 5351 Date: Nov 14 and 15 (Sat and Sun) has 7,000 sq ft of land area and Damai Utama, Puchong, Selangor listed 19th century site spanning Gregory Thu (012) 376 0614 Creative Marketing Venue: The Straits Room, Westin overlooks a park, playground, Contact: (03) 8074 8199 25,000sqm, it is walking distance to Chris Wong (016) 687 6577 Hotel, 199, Jalan Bukit Bintang, cycling track, basketball courts / (010) 528 8028 the University of York.