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Friday, july 17, 2020 . issue 3127/2020 . PP19055/06/2016(034530) DIGITAL

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What’s Tago to stamp pending for its mark Top pandemic- the property with Alaia driven trends in sector? office spaces Protect the value of your

06COVER property STORY EP 2 Friday july 17, 2020

News highlights from www.EdgeProp.my

Shah Alam, mature industrial areas to see greater redevelopment

Mature industrial areas such as redevelop their dated industrial Shah Alam, Selangor are to see premises,” said Sim in a more redevelopment activities press release on the property

in the near future, said Knight consultancy’s ‘Real Estate E dgeProp.my Frank Malaysia executive Highlights 1st Half of 2020’ | director of capital markets report. Allan Sim (picture). Sim noted that despite rising “Shah Alam is entering into land prices in Shah Alam, there The Edge Property Sdn Bhd an early transformation and are still factors incentivising (1091814-P) Level 3, Menara KLK, redevelopment phase logistics players to look into the No. 1 Jalan PJU 7/6, Mutiara from a manufacturing- locality including Shah Alam’s Damansara, 47810 , centric location to central location. Selangor, Malaysia

a modern urban Notable upcoming Y en eing p ictures by Low logistics hub. The redevelopment projects within EdgeProp.my scarcity of industrial Shah Alam include the former land within the site of Advance Synergy by Managing Director/Editor-in-chief Au Foong Yee mature and Mapletree and the 4.37- well-connected acre Xin Hwa site, both Editorial locale coupled at Section 22; and the Executive Editor Sharon Kam Assistant Editor Tan Ai Leng with increasing former FEC Cable site at Deputy Chief Copy Editor demand for higher Section 16. “To date, the James Chong Senior Writer specification largest redevelopment Rachel Chew logistics facilities site in the locale Writers Natalie Khoo, Chin Wai Lun, have propelled encompasses the 71-acre Chelsey Poh many landowners former Chemical Company Senior Designer Jun Kit to capitalise on of Malaysia Bhd (CCM) For New Launches/Events/ the trend to facility,” shared Sim. Press Releases/News Tips Hicom Industrial Estate (top) and Premier Industrial Park in Shah Alam email: [email protected] Tel: (03) 7721 8211 Fax: (03) 7721 8280

Advertising & Marketing Associate Account Director, on June 23, 2020. With its headquarters Advertising & Marketing Process to occupy Heidee Ahmad (019) 388 1880 HOTLINES in Bracknell, the UK, CIOB is a profes- Senior Account Managers RTO homes sional body for construction manage- Ian Leong (012) 359 1668 Cecilia Too (012) 319 7666 delayed due to poor For COVID-19 screening ment and leadership founded in 1834. management or tests, contact the Health In 2022, Yam will become the 119th Marketing Support & Ad Traffic president of the CIOB, the first Ma- Madeline Tan (03) 7721 8218 The occupancy process of the Peo- Ministry’s Crisis Preparedness email: [email protected] laysian and the second Asian to be ple’s Housing Project (PPR) rent-to- and Response Centre (CPRC) elected to this position in CIOB’s 188- Business Development own (RTO) scheme was delayed for up Tel: 03-8881 0200, year history. Manager to 40 months due to poor manage- 03-8881 0600 Nimalen Parimalam (014) 324 3193 His presidency tenure at CIOB will ment, the Auditor-General’s Report and 03-8881 0700 begin following Mike Foy OBE FCIOB, AGENCY SALES 2018 Series 3 stated. from 8.30am to 5pm daily Sales Manager who will become CIOB president in Selangor bans Although the RTO projects were Or Email: [email protected] Stannly Tan (012) 538 1687 2021, and Beard Construction chair- completed within the stipulated pe- smoking, vaping Product Development man Mark Beard FCIOB who assumed riod, Housing and Local Government For more information, go to & Customer Advisory the post at the recent Members’ Forum. and drinking at Associates Ministry took up to 866 days to hand CPRC Telegram channel at Yam owns more than 35 years’ ex- playgrounds, Omar Nawawi (012) 537 1687 over the finished projects to the Na- https://t.me/cprckkm Nazrin Hakimin (017) 368 6061 perience in the construction, real estate tional Housing Department for ten- recreational parks and corporate sectors. Selangor has announced a ban on For enquiries and listings ants to occupy. For queries on the Restricted email: [email protected] smoking, vaping and drinking at all Tel: (03) 7733 9000 The absence of standard oper- Movement Control Order, playgrounds and recreational parks ating procedures with regard to the call 03-8888 2010. DBE Gurney to EdgeProp.my e-Publication throughout the state with immediate handing-over process, as well as de- is published by The Edge Property be called Lagenda effect. Sdn Bhd. Download it for free at lays in the selection of tenants also damage in two months. State Local Government, Public www.EdgeProp.my made matters worse, thus preventing Properties Bhd The report also found that the DBE Gurney Resources Bhd which Transport and New Village Develop- the target groups from enjoying the management of complaints was will soon be known as Lagenda Prop- ment Committee chairman Ng Sze benefits of the programme. The Edge Malaysia inefficient because there were still erties Bhd will be scaling up its af- Han said the ban came into force The findings were from an audit unresolved complaints within the fordable housing development arm after the state government approved Publisher and Group CEO conducted on five RTOs from eight stipulated period, as well as issues on by acquiring the developer of two amendments to the Selangor Local Ho Kay Tat PPR projects in August 2016 till De- common areas and facilities. housing projects. Councils Park Bylaw 2005. cember 2018. Editorial The group said it would be buying Anyone caught committing the Azam Aris Editor-in-chief Blossom Eastland Sdn Bhd which is offence can be fined RM1,000. Corporate Michael Yam to Chief Operating Officer developing Bandar Baru Setia Awan Lim Shiew Yuin Civil servants not be first Malaysian Perdana (BBSAP) and Lagenda Teluk Advertising & Marketing happy with quality president of CIOB Intan (LTI). Get breaking Chief Commercial Officer property Sharon Teh (012) 313 9056 of houses Datuk Seri Michael Yam FCIOB has Currently, the group has a remain- news delivered General Manager Majority of house buyers under the been appointed vice-president of the ing aggregate gross development to you daily via Fong Lai Kuan (012) 386 2831 civil servant housing scheme (PPAM) Chartered Institute of Building (CIOB) value of about RM2.1 billion, unbilled Senior Sales Manager WhatsApp! Gregory Thu (012) 376 0614 in Putrajaya are happy with the loca- sales of RM514 million and landbank Head of Marketing tion and price of the houses, but not of around 1,200 acres to be developed. To subscribe Support & Ad Traffic with their quality. “DBE will become one of the big- Lorraine Chan (03) 7721 8001 1. Add +6018 290 2116 According to the Auditor Gener- gest affordable housing develop- to your contact al’s Report 2018 Series 3, an audit ers in Malaysia. With this significant list as EdgeProp analysis of feedback obtained from milestone in DBE, I look forward to News. Or scan 535 respondents comprising resi- our bright future as we continue to this QR code. dents of Pudina, Larai and Palma work hard to bring the group to great- 2. Send us a WhatsApp with PPAM, found that 75.33% of them er heights and create value for our "NEWS" and your full were not satisfied with the parking shareholders,” DBE managing director name in the message. facilities while 47.62% were not Datuk Jimmy Doh Jee Ming said. happy with the elevator facilities, and this is supported by call-back How do I get past issues of this weekly e-Publication? reports showing 77 complaints on Go to www.EdgeProp.my to download for free! EP 3 Friday july 17, 2020 EP 4 Friday july 17, 2020

Brought to you by Do not save on that 1% cost for waterproofing

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The completed waterproofing works So what happens when leaks at Amber Court, Genting Highlands. are left unchecked over time? Be- Some waterproofing sides damaging the paint on the walls and the wall itself, it will also methods knowledge and evolving technol- 5 respiratory illness cause ponding on ledges and sills ogy, Nippon Paint has contribut- slippery surfaces leading to stains, delamination and Liquid-applied ed to the completion of several 6 which can cause falls fungi growth, thus creating health membrane method iconic projects such as the Hong hazards for building occupants. This liquid-based and fully Kong-Zuhai-Macau Bridge and the bonded, monolithic coating is Malaysia’s hot and humid climate Beijing-Shanghai High Speed Train. suitable for many roofing and encourages the growth of micro- Over the years, Nippon Paint rability. 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The virtual fireside chat EdgeProp.my | was held on By RACHEL CHEW the evening of July 9. he Covid-19 pandemic has caught everyone off guard and while we lament the changes that it has brought to our lives, it has also on the other hand, given us new options in the way

we choose to work and live. These will Y en eing pictures b y Low no doubt impact our perception of what consti- Ttutes a good property investment or a property that is able to maintain or see its value appreciate. At EdgeProp Malaysia’s Virtual Fireside Chat titled “Stop! Are you destroying your property value?” held on the evening of July 9, Architect Centre accredited building inspector and trainer Anthony Lee Tee, Muslim Real Estate Consultants Association of Malaysia (PEHAM) president Ishak Ismail and Chur Associates founder and managing partner Chris Tan discussed this topic and other issues raised during the Facebook Live session moderated by EdgeProp Malaysia editor-in-chief and managing director Au Foong Yee. To Architect Centre’s Lee, picking the right de- velopment or a development which is designed and built for sustainable or easy maintenance is the first step to ensuring a profitable property investment. With the Covid-19 preventive measures includ- ing the Movement Control Order period (MCO), many especially strata property owners and com- mercial building owners such as malls and offices have come to realise that it is even more crucial now to have proper property management and How not to maintenance as well as sufficient funds in place for any major breakdowns. “A property that was designed not just for its appearance but that has also taken into considera- tion easy maintenance attributes can help sustain destroy the and even create value for the property in the long value term because at the end of the day, the buyers are the ones who will have to fund the maintenance of the property,” he said. of a property

“A property that “If the condition Some facilities, he added, are difficult to main- tain and to keep them running properly. “You have has also taken of your common to know what you are buying into. Of course it is Missed into consideration property is bad, it your choice whether to buy a property with certain features that may take more effort to upkeep but the Fireside easy maintenance will affect your you must at least be prepared for that and make informed choices.” Chat? attributes can help unit even though “The developer should be open and tell them sustain and even your unit is nicely (buyers) the estimated amount of money that it takes to run and to upkeep the property they are create value for the renovated and buying. The developer should manage their ex- VIEW IT HERE! property in the long maintained” pectations,” Lee said. No doubt, developers play an important role term.” — Lee — Ishak in ensuring a property’s value appreciation and Virtual Fireside Chat sustenance, from the project design stage until way after the project’s completion. ‘Stop! Are you “The developer should not wash his hands after destroying completing the project. During our site visits, we saw that strata property owners and residents want your property the developer who did a good job in maintaining value’ their property to stay on and continue running the building even after the Joint Management Body (JMB) period,” said Lee with Chur Associ- Go to www.EdgeProp.my for ates’ Tan concurring. Both were on the judging more reports on the Fireside Chat panel of EdgeProp Malaysia’s Best Managed and Sustainable Property Awards 2020. “If the developer is willing to stay on to manage common property is bad, it will affect your unit the project, it is a sign of a good buy,” noted Tan. even though your unit is nicely renovated and According to Tan, after having chosen the ‘right’ maintained. The common property and the unit product, up-keeping and maintaining it is just as are valued as a whole,” he shared. critical to protect the value of the property. “For the same price, people will pick and choose the best ones. Hence if you keep your own property Going back to basics well, neat, clean with less wear and tear, it is very One of the issues that came up during the Covid-19 likely, a prospective buyer will choose your unit MCO and Conditional MCO period was that some over the others,” Tan said adding that in a stratified strata property owners were reluctant to pay full project, the first thing that draws people’s attention maintenance charges as a number of common fa- will be the common areas. cilities such as the gym and the swimming pools Indeed, with regards to stratified property, could not be used due to the virus outbreak. PEHAM’s Ishak highlighted that the value of the “When you are buying a strata property, you common spaces are embedded into the value need to pay the maintenance fee and sinking fund of the unit. “Therefore, if the condition of your CONTINUES NEXT PAGE → EP 7 Friday july 17, 2020 cover story

← from previous PAGE the founder and CEO of IM Global Prop- contribution regardless whether you use erty Consultants Sdn Bhd stressed that them or not. location is still very important in property “The question to ask going forward investment to ensure value appreciation. Is your post MCO is, do we need all those fan- “Urbanisation, town and city devel- cy facilities that we hardly use but still opment plans are all drafted based on have to pay to maintain them? Fancy location. If maturity of the place is there property facilities or lifestyle facilities used to then the location is very important.” be the main selling points of a condo- minium for example but in the future, healthy? the selling points could be larger lifts, ‘Clean, safe more open spaces to allow for social n a scale of 1 to 10 (with 1 being However, he warned that the larger con- distancing,” Tan said. and harmonious’ the best and 10 the poorest), Ar- cern lies in things that are invisible to the He added that with cost being a con- Ishak noted that post MCO, homebuy- chitect Centre accredited build- naked eye. “Those things can be in the walls, cern as the economy has been hit by the ers especially strata property buyers ing inspector and trainer Antho- the air ducts and lifts. This is when you may pandemic, new home buyers may prefer and investors look for clean, safe and Ony Lee Tee ranked most properties he has need to get professional help,” he said. properties with low maintenance charg- harmonious communities to live in. visited in Malaysia, a 7 to even 10. For strata properties, one could also look es hence basic and functional facilities This means that owners have to be pro- “Some of these are high-end proper- at the quality of the services — the clean- will be more in demand then so-called active and make the effort to ensure that ties. They have poor ventilation, stale air, liness, the upkeep of the facilities and the lifestyle facilities. a community and their property are water seepages that lead to mould and property manager itself. clean, safe and harmonious. fungus. The indoor air quality is dreadful. Lee was speaking at EdgeProp Malaysia’s “If you have a responsible community Some buildings even have materials with Virtual Fireside Chat titled “Stop! Are you Location is that manages and maintains the prop- formaldehyde,” said Lee, adding that these destroying your property value?” held on July less relevant erty well, units in that property will have are tell-tale signs of the building’s “health”. 9. With him was Muslim Real Estate Con- Tan also believes that the traditional higher market demand. It takes every- He advised discerning buyers to use sultants Association of Malaysia (PEHAM) mantra for property investment “loca- one — the developer, the purchaser, their senses when they visit a property to president Ishak Ismail and Chur Associates tion, location, location” may no longer the community and the management gauge its health. founder and managing partner Chris Tan. be as relevant going forward. committee to work together towards “Use your senses to see, feel, touch and Tan noted that a property may not be per- “To me, location has become slightly enhancing the sustainability and value smell for any abnormalities in a property. fect but it must be manageable and offered less relevant after the pandemic. I am of their property,” he concluded. Some things are easy to notice such as paint a tip to prospective strata property buyers — not saying that it has become totally not He also urged property buyers to do peeling, leaks and mould on surfaces such request to view a copy of the project’s latest important but proximity now is no longer more research before making a pur- as walls and ceilings.” Annual General Meeting (AGM) minutes. defined based on physical distance but chase decision especially in an econom- “Ask the owner or seller for a copy of on digital access. We are entering a new ic downturn and when budget is tight. the AGM minutes. There is no law saying normal. We used to want to stay near “Knowledge is power. Buying a prop- How to find out if that AGM minutes cannot be disclosed. If our place of work or have the conven- erty in the new normal requires even he cannot give it to you, it is already a sign ience of public transport like LRT and more research and knowledge because a property is ‘healthy’ that something is not right with the prop- MRT but now after the MCO, we have you cannot afford a wrong decision. erty,” he said. Inspect the unit and more options as to how and where we Engage a professional and do your own 1 “The minutes are like the property’s med- want to work. research,” he stressed. common property ical record. You can find out a lot of things “Even if the pandemic is over and The Fireside Chat was organised by Feel, touch and smell for any from the minutes from the issues raised in we are back to normal, it is a normal EdgeProp.my with Nippon Paint Ma- abnormalities as you go around the meeting,” he explained. with more choices because you can now laysia as the partner. The supporting the various common areas In addition, Ishak shared that one could have a choice of working from home or sponsors were Panasonic Malaysia; Ki- also request a copy of the minutes from the Request a copy of the wherever you are as long as you have pleLive, a wholly-owned subsidiary of 2 Commissioner of Buildings (COB). web access, for instance”. Green Packet Bhd and Matrix Concepts latest AGM minutes “What you need to pay attention to is Tan opined that the ‘old normal’ was Holdings Bhd. The event is also support- Pay attention to the collection rate the maintenance fee collection rate. If it is when people had to travel to work. “Right ed by The Edge. and frequently raised problems. below 50%, the property is in trouble and it now, people are working in the best lo- Some lucky viewers who posted ques- will not be well-maintained because there cation possible which is in their homes. tions during the FB live session received Check if the property manage- are not enough funds to maintain the place. Location used to weigh so heavily in a a copy of the OMG Strata 2.0 Owner’s 3 ment company is registered “You should also check whether the prop- property buyer’s consideration, but it Manual and Guidebook worth RM29.90 Ensure the company is registered with erty management company is a registered now weighs lighter,” he said, adding that sponsored by EdgeProp Malaysia while The Board of Valuers, Appraisers, company with the the Board of Valuers, internet access may be a more important a few received home inspection vouch- Estate Agents and Property Managers Appraisers, Estate Agents and Property factor to look at. ers worth RM5,000 each sponsored by Managers,” said Ishak. However, PEHAM’s Ishak who is also Architect Centre.

“If someone did something

wrongly, it is still wrong even EdgeProp.my | Defects after the DLP after the DLP.” — Tan

s a developer still liable to anymore so the developer will the Strata Management Act, that causes rain water to splash

rectify defects that appear take a longer time to do so,” developers must place a de- into the lift lobby may not seem Y en eing Low way after the defects liabil- Tan offered. posit with the Commissioner like a big deal but will damage ity period (DLP)? He was responding to a of Buildings (COB) for building the lift in the long run due to the IAccording to Chur Associ- query from a viewer of Edge- defects rectifications. constant moisture. ates founder and managing Prop Malaysia’s Virtual Fireside “Residents, Joint Manage- “It is best to consult a pro- partner Chris Tan, the DLP Chat titled “Stop! Are you de- ment Bodies and Management fessional especially when it is not a deadline to claim for stroying your property value?” Corporations must know that comes to things hidden be- defects and hence the answer held on the evening of July 9. such a fund exists and if the hind walls and areas or things is ‘yes’. Also joining the discussion was developer does not rectify the that you can’t have access to,” “If someone did something Architect Centre accredited defect, the COB may use this said Lee. wrongly, it is still wrong even building inspector and trainer deposit to rectify the defect,” The Fireside Chat was or- after the DLP. As long as you Anthony Lee Tee and Muslim he said. ganised by EdgeProp.my with can prove that it is a defect Real Estate Consultants Asso- When it comes to property Nippon Paint Malaysia as the and not wear and tear, and ciation of Malaysia (PEHAM) maintenance, the adage pre- partner. The supporting spon- it can be traced back to the president Ishak Ismail. vention is better than cure of- sors were Panasonic Malay- party that caused this defect, The Facebook Live session ten holds true. Lee believes that sia; KipleLive, a wholly-owned you can still submit a claim. It was moderated by EdgeProp a defect which is not nipped in subsidiary of Green Packet Bhd may take longer because after Malaysia editor-in-chief and the bud early will cause major and Matrix Concepts Holdings the DLP, there is no retention managing director Au Foong Yee. and costly issues in future. Bhd. The event is also support- fund for such rectifications Ishak pointed out that under For instance, a design defect ed by The Edge. EP 8 Friday july 17, 2020

#DigitalReady Getting Events and Public Spaces Ready for the New Norm

End-to-End Digital Experience for Events, Exhibitions, Hotels and Tourism Industry

Following plans to revive the events and tourism industry in Malaysia, are we ready to protect ourselves from reigniting the risk of infections? How do we make social distancing measures and SOPs efficient to keep visitors and tourist safe? How do we get ready to contact trace huge crowds while reducing queue durations? Can event organisers and hospitality managers monitor visitors, safety and SOPs at all times? At Green Packet, we can help hasten queues, scan for fever, take attendance, manage social distancing, enable cashless payments, and reduce manpower for monitoring - all through a Digital Framework for Healthy and Safe Events and Environments. EP 9 Friday july 17, 2020 property chat What’s pending for the property sector?

By Jones Lang Wootton Are we heading Compared with the Asian Financial Cri- (including a stable financial sector) and executive director Malathi sis (AFC) in 1998, which was caused by the moderate stock market performance. In Thevendran, senior vice towards a recession? collapse of the financial system, the Cov- general, business terms suggest it would president David Jarnell and id-19 era recovery is expected to be a greater be beneficial to companies if the financial vice president Mary Kurien The 2020s’ impending challenge as it is health-centric. Further- year is extended to 14 or 15 months to take recession? more, other risk factors including tensions into consideration the time loss, which to he unprecedented Covid-19 between the US and China, depressed oil a certain extent has been experienced by pandemic will continue to have Propelled by the Covid-19 pandemic prices and domestic political uncertainty the whole world. We can’t regain lost time, an adverse effect on global mar- The Covid-19 pandemic triggered a global are adding to the challenge. Moreover, it but measures could be taken to mitigate kets and Malaysia’s economic health catastrophe and many countries has curbed economic growth on a monu- intangible losses. growth. However, with proac- came to a standstill with lockdowns mental global scale and as job losses and Furthermore, in 2018, RM41.3 billion was tive measures taken by the re- imposed. In Malaysia, various degrees of company closures are inevitable, Malaysia spent on “Outbound Tourism” by Malaysian spective ministries, the pandemic appears Movement Control Order (MCO) came into could be heading into a major recession. In residents and there is a distinct possibility, to be under control. Nevertheless, there effect between March 18 and June 9, 2020, addition, the nationwide MCO has accen- depending on the duration of international T with the country now being in a Recovery have been detrimental implications on the tuated the economic slowdown and major lockdowns, that a significant amount of this economy and the property market. MCO Stage until Aug 31, 2020. There are questions include: Will the introduction of form of expenditure may well be ploughed Since the 1970s, Jones Lang Wootton still many limitations imposed on business the Stimulus Package be enough to protect back into the local economy. (JLW) has been monitoring the property and lifestyle activities. the economy, business continuity and the sector, which included three recessionary people’s welfare, and how bad and how long periods, caused by many factors that required Measures will the inevitable recession last? Slowdown already various remedial approaches resulting in Numerous measures under the Short Term JLW is of the opinion that the prompt underway different recovery patterns. Economic Recovery Plan were introduced measures taken by the government could Regardless of the Covid-19 pandemic, prop- Malaysia’s three most recent recessions and the key ones are as follows: generate growth sooner than anticipated erty market sentiment is already weak. (in 1985, 1998 and 2009) demonstrated how • Total RM285 billion Prihatin Rakyat due to the nation’s strong fundamentals Prior to Covid-19, Malaysia’s property important it is for policies to vary according Economic Stimulus Package, announced market was in a slowdown with: to circumstances; and curtailing the negative by the Ministry of Finance, with a • Overhang of unsold properties impacts of a crisis depends on quickness to revitalisation phase to come under The effects of • Swelling oversupply react, the ability to be practical and flexible Budget 2021 • Relatively tight lending guidelines while remaining committed to restoring • All banks to provide financial relief Covid-19 on the for banks stability and growth. Taiwan’s economy, for – payment moratorium comprising property market example, has fared relatively well due to the restructuring and rescheduling loans Developers will aim to clear their unsold early precautionary measures taken to curb • RM1 billion PENJANA Tourism Financing inventories. Only 1,759 condominium units the pandemic and similarly, Malaysia has facility Short term and 125 houses were launched in 2Q20 in adopted speedy precautionary measures. • 40 initiatives, emphasising on the . More activity is expected With regards to the property market, supporting workers and small- and Slow market will prevail as the in 2H20 due to the re-introduction of the which is cyclical in nature, good economic medium-sized enterprises, worth RM35 impact of Covid-19 will become fully Home Ownership Campaign and incentives growth often leads to overbuilding, which billion with a RM10 billion contribution apparent towards the end of 2020 provided to stimulate the market. then subsequently results in a market slow- by the government Imminent impacts in the commercial • Home Ownership Campaign down and declining market prices. This sce- Interim sector are expected with take-ups, occupan- nario was already trending in Malaysia with reintroduced on June 1, 2020 cies and rental rates anticipated to decline. a supply/demand mismatch, poor market • Stamp duty exemption and Real • Lacklustre market activity sentiment and decreasing affordability lev- Property Gains Tax exemption (June 1, els, which was then compounded further 2020 to Dec 31, 2021) • People are expected to Positive indicators due to Covid-19. As an economic slump is • Tax incentives for companies relocating temporarily: • Some projects have been financed through inevitable, further price depreciation and into Malaysia – stop buying luxury and big equity financing rather than bank borrow- poorer market performance is anticipated. ticket items during this period ings. Jones Lang Wootton of uncertainty • Some developers have entered into joint – Adopt “wait and see” attitude venture agreements, thus reducing risk Periodic snapshots of the average price trend factors. Challenges • Exposure to gearing is more manageable of select prime two-storey terraced houses compared with previous times. • There are substantial discounts on property in the Klang Valley (recessionary years) • Lack of confidence prices, which are already being discounted. • Uncertainties • Consumers’ lifestyles will continue to 1,250 14 • Business closures change for the better. 1,150 12 • Unemployment 1,050 10 • Developers will need to reassess buildings 950 8 • Mortgage repayments (particularly well-being and healthwise). • Delays in construction 850 6 GDP (% y-o-y) • Market prices may not decline immedi- 750 4 ately. JLW foresees that only purchasers/ 650 2 investors who cannot pay their mortgage 550 0 instalments due to loss of income, could 450 -2 be forced to sell. The numbers, however, 350 -4 Price per unit (RM ‘000) Price will not be as substantial as the AFC when 250 -6 interest rates were relatively high (12.3% 150 -8 50 -10 in 2Q98 compared with 5.78% as at May ‘83 ‘84 ‘85 ‘86 ‘87 ‘88 ‘96 ‘97 ‘98 ‘99 ‘00 ‘01 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 2020), resulting in a “double whammy” LOCKDOWN Average price GDP for investors. CONTINUES NEXT PAGE → Jones Lang Wootton Jones Lang Wootton EP 10 Friday july 17, 2020 news

Tago to stamp its mark with Alaia Titiwangsa

Tago (M) Sdn Bhd By natalie khoo market needs. We are launching products that are within the price range of what we : Boutique property devel- “It is not just about think our homebuyers will be able to get oper Tago (M) Sdn Bhd is aiming to launch financing for — with a very good location. a serviced apartment project called Alaia taking the key and This is the opportune time to stand out as Titiwangsa by end 2020. Located at Taman coming in to live on a developer,” said Chew. Tiara Titiwangsa, Kuala Lumpur, the 1.6-acre your own. Instead, you He added that the developer’s goals are leasehold project has a gross development come and live with a not the typical ones as it wants to focus on value of RM293 million. community.” — Chew building a brand that is associated with good Tago chief operating officer Daryl Chew design and quality. told EdgeProp.my that the site which was “This is the time to educate the public acquired in 2019, came with a Development about who we are and what we stand for. Order, but after taking over the land, Tago de- Our focus is to build the right product with cided to submit a new plan to the authorities. the right location and right pricing. Be- “Alaia Titiwangsa will have 436 units in a An artist’s cause of our size and nature, we can af- 40-storey high tower with 18 retail units on impression ford to be nimble and selective. That is the ground floor. Unit built-ups will range of Alaia the image we want to build in the coming from 635 sq ft to 1,012 sq ft, while indicative Titiwangsa. years,” stressed Chew. prices are from RM380,000,” said Chew. The developer is also currently work- The development will have direct ac- “We also understand that homebuyers tenance charges online, Chew ing on a regeneration project located cess to the Duta-Ulu Kelang Expressway now don’t just buy the brick and mortar of highlighted. across PJ Hilton at Jalan Barat, Pet- (DUKE) while international schools (Wesley a home, they are living and coming into a When asked wheth- aling Jaya, which will see the Methodist, International School of KL and new community. It is not just about taking er this is a good time to conversion of a 21,000 sq ft Sayfol International School); hospitals (In- the key and coming in to live on your own. launch a project consid- space into a social hub for F&B stitut Jantung Negara and Columbia Asia); Instead, you come and live with a commu- ering the impact of Cov- offerings and events curated hypermarkets (AEON BiG and Giant); and nity,” offered Chew. id-19 pandemic on the by its team. Titiwangsa Lake Gardens are all within a Hence, to instill a sense of belonging economy and dampened Founded in 1982, Tago 10km radius. The project is slated for com- among residents, the developer plans to market sentiments, Chew started out as an investment pletion towards the end of 2023. hire a full-time “community leader” who said what matters most is holding company and a pre- As for facilities, there will be the Sky Pool, will organise events and activities within the product. mium gift products dealer. It Sky Cinema and Sky Lounge on the rooftop the community. “Buyers will have the subsequently ventured into level, while on Level 7 will house family-ori- The inspiration to do so was derived from wait-and-see attitude property development in the ented facilities. Tago’s previous development Anjali North and a lot of banks will 1990s with the 58-acre TAGO Targeting “millennials and those who Kiara. “We noticed that residents there really be cautious in giving out Industrial Park in Bandar Sri appreciate good product design”, Chew be- enjoyed attending events hosted in the de- loans. Nevertheless, it Damansara followed by six ex- lieves design is not meant to be just aesthet- velopment. They came to know their neigh- is encouraging to see clusive Aman Bali bungalows ically pleasing but must be functional and bours and be in the loop on the latest hap- the support given by E dgeProp.my at Taman Rainbow, Jalan Ipoh. convenient for users. penings,” he noted. the government via initi- | Its latest completed project in “Details such as where we should put the The developer will also be introducing a atives such as PENJANA, 2018 was Anjali North Kiara locat- staircase — is it practical if we put it here – community mobile application where res- and we believe that busi- ed at Bukit , Kuala Lumpur. all these considerations have been carefully idents can perform tasks such as booking nesses will pick up again. It also has a 4.5-acre beach resort in w Y en eing

thought through at the design stage. common facilities and paying their main- “The product must suit Lo Kuantan called Adena.

property chat

← from previous PAGE Property market sector snapshot With the deteriorating global econ- reduce prices using the “excuse” of the Cov- omy and the longevity of the Covid-19 id-19 pandemic. However, due to market pandemic unknown, the question re- resilience, and as observed in past market mains as to whether the Malaysian prop- recoveries following previous crises, house erty market will continue in a prolonged prices will have a gradual rebound. It will downturn. become even more important to undertake Office Hotel Considering the above-mentioned meas- suitable market research to understand the ures and uncertainties, in terms of num- target market requirements and demand • Leasing activity curtailed • Susceptible to closures bers of retrenched workers and exposure prior to launch. The incentives introduced • Reassessment of workspace • Lack of demand to property mortgage instalments similar by the government will also bode well for • Delayed decisions • Subdued investment to the 1990s, JLW anticipates some foreclo- genuine residential buyers. • Shift to remote working • Downward pressure on sures, resulting in certain property prices For the commercial sector, developers • Conventional space achieved room rates/ Retail declining. This will be more prominent for will adopt a cautious approach towards con- downsizing occupancies “rent investment properties” such as short- struction due to the expanding oversupply term rentals, serviced residences and stra- and declining rental rates. Although the Cov- Some retailers to • ta offices. However, the extent of this is not id-19 pandemic will bring a much needed cease business expected to create an alarming situation for “breather” to the market, it is plausible for More usage of • the property market. the authorities to freeze planning approvals e-commerce Residential property prices for certain for select buildings, a practice which was platforms projects which are in an oversupply situa- imposed in the past. Reconfigurement • tion have already registered declines of be- To conclude, the pandemic is seen as a Residential Industrial of the retail tween 15% and 20% since 2017, and further catalyst for the changes which have already environment Supply chain disruption and potential decreases of say, between 10% and influenced work and lifestyles, and devel- • Minimal short-term pricing • • Decline in retail recalibration of networks 15%, for select projects could occur as the opers will need to reassess their products adjustments sales and footfall Most resilient sector, less market readjusts. Property investors who in terms of convenience, mobility, flex- • Slowdown in activity • • Change in challenges may face cash flow problems will become ible and minimalist living, co-working, • Transactions decline merchandise and Logistics growth more realistic in their asking prices, and connectivity and technology, which have • Developers to reassess • preferences products • Distribution warehouses to developers, who once refrained from re- played a significant role in shaping and benefit ducing prices of subsequent phases of their shifting consumers’ attitudes, values and projects, may now take the opportunity to purchasing behaviour. Jones Lang Wootton EP 11 Friday july 17, 2020 EP 12 Friday july 17, 2020 feature Top pandemic- driven trends in office spaces What is the propensity to work from home post-lockdown?

Savills office FiT By Chelsey Poh a chance to ponder whether their comfort more,” said Savills in the survey report. and wellbeing are satisfied more effectively Whereas at home, many felt that there ne of the side effects of the Pre-lockdownat home or inPost the lockdown office. was no appropriate ergonomic furniture and Covid-19 pandemic is that 35 When asked whether the pandemic would equipment to meet their occupational health companies now realise result in a long-term impact on the company needs. “This is a factor to be addressed by 80 Current Future preference that having their employ- 30 office, a majority of respondents respond- organisations in the future if home-working ees working from home is ed ‘yes’ where 71% believe that it will cause is to be more widely adopted,” the research 70 s

a viable option. With re- t changes in design while 74% believe that consultancy said. s

n 60

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strictions caused by the pandemic and with e space and size will be affected. For an office space to support a mobile n d e n

extensive internet coverage available, office Compared with working from home, the workforce, the right facilities and setting d o

n 50

p 20 O o spaces have encountered one strong rival respondents also highlighted what is lacking would be needed. Based on the survey, s p e s — the home. r in the workplace. small meeting rooms with video and au-

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o

The ‘new normal’ has certainly affect- The survey results clearly demonstrated dio facilities scored highest in importance f 15 o % ed demand for office spaces and the often that people felt that their fundamental needs, at 96% with only 60% saying these are cur-

% 30 asked question today is: Will office spaces 10 such as cleanliness, natural light and green rently supported. become obsolete in future? spaces are better met at home. Other office design factors or facilities The Savills Office FiT survey covering Only 1.5% respondents said their offices that are regarded highly include full team 20 65,000 Savills’ and KKS Savills’ clients from 5 enabled access to outdoor and green spaces, meeting spaces (91%), large meeting rooms various industries in the UK and EU as re- 5.2% with access to natural light and 3.4% with audio and video call facilities (90%) and 10 spondents explored how people responded 0 to good air quality. social breakout areas. 0 days (0%) 1 or 2 days 1 day 2 days 3 days 4 days Full time 0 to working from home and what might be “Future design solutions will have to The widest gap between importance and City Centre Suburban Business park Rural location Home future changes in an office space. I did notdeliver a month skylights, (10%) largea week windows, a operable week supporta week was seena week in dedicated (100%) quiet zones Nabeel: A pandemic of this magnitudewo rk outside (20%) (40%) (60%) (80%) location First of all, 89% of the respondents believe will no doubt impacts the ways we haveth fresh air opportunities, rooftop terrac- with only 27% feeling that this was current- that the physical office will still be necessary traditionally worked, but it isn't clear yet es, vegetation, balconies and courtyards. ly supported against 81% who rated it as for companies to operate successfully, with exactly what the final solution will look like. These have been more prevalent in build- important. 47% believing this to be the case into the fu- ing design in recent years but we need CONTINUES NEXT PAGE → ture and 42% believing this to be the case at working from home (more than 85%), it was least in the short term. also noted that working from office and home The survey was conducted in April 2020 have their own advantages and disadvantages. when the UK was in lockdown. The UK gov- The respondents believe that the office ernment announced lockdown measures on environment is better for personal growth What office design factors are March 23, with restrictions currently eased. and to gain a sense of belonging or pride in a Nonetheless, the survey found that company, while the home is more preferred important to office workers — from home? post-lockdown, respondents tend to be will- for better work-life balance. ing to work more days from home compared Offices are also thought to be the better are they suppoarerted? they supported? to pre-lockdown. place to network, mentor, collaborate with Love it Like it Don’t mind Don’t like Hate it “However, there are other factors that colleagues, manage teams, and for career will impact the nature of demand. These in- advancement, while the home is better for important Supported clude the significance of emergent business meeting targets and deadline, as well as to More than 1.5 hours sectors and the changing nature of work. concentrate and focus on a task. Small meeting rooms with Some businesses, for example within the audio & video call facilities life sciences sector, will remain more resil- ient and grow faster, potentially leading to Impact on office design higher demand for office space that meets While the physical office may remain, its Space for full teams to gather 1 to 1.5 hours their unique requirements,” said Savills. design and location may change in line with Whilst it is generally perceived that pro- consumer preferences. ductivity is either the same or higher when Working from home has provided people Large meeting rooms with s office F iT Source: Savill audio & video call facilities 30 mins to 1 hour

WhWhatat is the pr opise nthesity to propensitywork from home pos tto-loc kworkdown? Social / breakout areas from home post-lockdown? Up to 30 minutes Showers / changing facilities

Pre-lockdown Post lockdown % of respondents 0 10 20 30 40 50 60 70 80 90 100 35 80 Dedicated collaboration spaces Current Future preference 30 70 s t s

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Dedicated quiet zones / libraries o f

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% 30 10 Personal storage / lockers 20 5 10 0 0 days (0%) 1 or 2 days 1 day 2 days 3 days 4 days Full time Helpdesk 0 I did not a month (10%) a week a week a week a week (100%) City Centre Suburban Business park Rural location Home work outside (20%) (40%) (60%) (80%) location th 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: Savills office FiT

from home?

are they supported? Love it Like it Don’t mind Don’t like Hate it

important Supported

More than 1.5 hours Small meeting rooms with audio & video call facilities

Space for full teams to gather 1 to 1.5 hours

Large meeting rooms with audio & video call facilities 30 mins to 1 hour

Social / breakout areas

Up to 30 minutes Showers / changing facilities

% of respondents 0 10 20 30 40 50 60 70 80 90 100 Dedicated collaboration spaces

Bicycle storage

Dedicated quiet zones / libraries

Personal storage / lockers

Helpdesk

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% EP 13 Friday july 17, 2020 feature

What is the propensity to work from home post-lockdown?

← from previous PAGE What is the propensity to work from home post-lockdown? Pre-lockdown Post lockdown the major cities that are more proximate to resi- Impact35 on work location dential locations,” the report offered. Workplace80 location most frequently used (Greater London officeCurrent workers)Future preference preference30 “Despite the respondents being broadly UK and 70

Thes survey has indicated a potential for corpora- EU-based, we believe the results are instructive

t Pre-lockdown Post lockdown s

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e 35 tions to rethink their preference towards alterna- for anyone involved in the office sector, regardless n 80 d e n d o tive locations such as suburban locations, business of location,” Savills said. n 50 Current Future preference p 20 o s 30 70 p e s parksr and rural areas.

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Although a majority of the respondents (82%) o % e

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are currently working in the city centre, it was What about the office d o

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found that only 47% favour working in the city p e 20 s r space in Malaysia?

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o centre5 in the future. In Malaysia, Savills Malaysia deputy managing di- f

15 o % When asked about future preference, close to rector and head of capital markets Kuala Lumpur 10 % 30 s office F iT Source: Savill 100 10% of0 Greaterdays (0%) London1 or 2 days office 1 day workers2 dayssaid that 3 theydays Nabeel4 days Hussain Full time believes that with many people 0 would Ilike did n otot worka month in (10%) rurala locationweek a(see week chart).a week workinga week from(100%) home, the worker density in city 20 City Centre Suburban Business park Rural location Home 5 work outside (20%) (40%) (60%) (80%) location “Assumingth that workers get what they really centre locations will reduce, as has been seen in 10 want,0 with this finding, demand for city centre KL even during the Recovery Movement Control 0 days (0%) 1 or 2 days 1 day 2 days 3 days 4 days Full time 0 space couldI did not bea monthlower (10%) at somea week point ina week the future,”a week Ordera week period. (100%) City Centre Suburban Business park Rural location Home the surveywork out ssaid.ide (20%) (40%) (60%) “Traffic(80%) conditions, even during peak hours, location “It seemsth likely that organisations may move have been less busy in KL city centre. While it is to a ‘hub & spoke’ model, with a city centre pres- still too early see any significant changes, a pan- How do office workers with long and short ence but also regional and local office hubs. This demic of this magnitude will no doubt impact potential shift in location strategy does vary by the ways we have traditionally worked, but it isn’t frcommutesom home? enjoy working from home? industry and workforce commuting patterns. clear yet exactly what the final solution will look are t“However,hey suppo rthisted result? is likely to be a reflection like,” he tells EdgeProp.my. Love it Like it Don’t mind Don’t like Hate it of sentiment captured during earlyimportant lockdownSupported and He points out that studies done by KKS Savills will likely be addressed by future improvements have found that the expected space savings from from home? More than 1.5 hours areto t hmobility,ey suppo employeertedS?mall m esafetyeting roo mands wit hworkplace de- 50% of staff working from home is cancelled out sign,” the report said.audio & video call facilities by a two-metre social distancing requirement, Love it Like it Don’t mind Don’t like Hate it Commute time is the key influenceimportant toSupported workers’ which means in this scenario, the space required attitude towardsSpac worke for full fromteams to home. gather The survey is still the same. More th1a tno 1 .15.5 h hoouurrss Small meeting rooms with showed that thereaud isio &a v clearideo cal lcorrelation facilities between “Another factor is in materials, as the virus can employees’ attitudesLarge towards meeting roo workingms with from home last longer on certain softer surfaces than on other

audio & video call facilities s office F iT Source: Savill and the length of their commutes. materials such as metal surfaces, future office designs 30 mins to 1 hour Space for full teams to gather 1 to 1.5 hours For those who enjoy a short commute, the should look to incorporate these materials into office number of people whoSocia dislikel / breakou workingt areas away from design, especially at high touch points,” he adds. Large meeting rooms with the office (20%) a uaredio &four video times call facilit iemores of those with Plans are for the survey to be repeated in Octo- 3U0p m toin 3s 0to m 1i nhuotuers the longest commuteShowers /(5%). changin g facilities ber 2020, to see whether responses have changed “Therefore, there is a suggestion of the strength- materially once the initial novelty of remote work- Social / breakout areas % of respondents 0 10 20 30 40 50 60 70 80 90 100 ening of smallerDe ddistributedicated collabor aofficetion spac eslocations around ing has worn off. Up to 30 minutes Showers / changing facilities

Bicycle storage % of respondents 0 10 20 30 40 50 60 70 80 90 100 Dedicated collaboration spaces

Dedicated quiet zones / libraries

Bicycle storage

Personal storage / lockers WhyDedicated quiet zones / librari es do we pay Helpdesk

Personal storage / lockers more0% 10for% 20% 30% 40% 50% 60% 70higher% 80% 90% 100% Helpdesk floors?0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Click to read about the pros and cons of living in higher or lower units.

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Published by: EP 15 Friday july 17, 2020

Friday august 30, 2019 Click/tap on spotlight each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM2,500,000 RM650,000 RM1,400,000 RM4,000,000 Cendana on Sultan Ismail, Pandan Indah, Ampang, Mutiara Gombak, Gombak, Tropicana Indah, Tropicana, KLCC, Kuala Lumpur Kuala Lumpur Kuala Lumpur Selangor Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Leasehold Type: Semidee house Tenure: Freehold Type: Bungalow Tenure: Leasehold Built-up: 2,486 sq ft Bedroom: 5 Built-up: 1,400 sq ft Land size: 1,400 sq ft Built-up: 3,000 sq ft Land size: 2,800 sq ft Built-up: 7,100 sq ft Land size: 5,100 sq ft Bathroom: 4 Bedroom: 4 Bathroom: 3 Bedroom: 4 Bathroom: 4 Bedroom: 7 Bathroom: 7

Zuraini Zallin (PEA1699) Zuraidah (REN 17983) Zull Ariffin (PEA1829) Zoe Ong (REN 00379) RESCOM REALTY (VE (3) 0244) LEGACY REAL PROPERTY SDN BHD (E (1) 1925) RIZQ REALTY (E (3) 1880) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) +6019 663 1526 +6019 221 5106 +6019 212 4461 +6010 278 2202

RENTED foR DONE DEAL RM10,000/mth (RM2.90 psf) Condominium unit, The Pearl, Jalan Stonor, Kuala Lumpur Concluded by: Wennie Liew (REN 16099) of IQI Realty Sdn Bhd (+6012 233 3013) When: March 2020 RM3,465,000 RM1,350,000 Hijauan Enklaf, Setia Alam, Developed by Ceramic Home appliances. Also helping the Sri Carcosa, Seremban, Selangor Noteworthy Tiles Sdn Bhd, a subsidiary of landlord fetch a good rent for Negeri Sembilan Type: Bungalow Tenure: Freehold Type: Semidee house Tenure: Freehold Freehold Malton Bhd, the 41-storey The the unit was the good quality Built-up: 5,202 sq ft Land size: 6,229 sq ft • Built-up: 3,200 sq ft Land size: 3,825 sq ft Pearl is a low-density luxury furniture and elegant interior Bedroom: 5 Bathroom: 5 • Built-up: 3,439 sq ft Bedroom: 6 Bathroom: 5 condominium development design. • 4 bedrooms; (REN 27787) with only 179 units. The Notably, the deal was (REN 38103) Ziana 5 bathrooms Zhafri Aiman ORIENTAL REALTY (E (3) 0050/20) freehold project is located signed one day before the IQI REALTY SDN BHD (E (1) 1584) Fully furnished +6013 333 3504 • along Jalan Stonor within the Movement Control Order. +6012 396 3080 • Amenities: 1.2km from KLCC vicinity. Liew said the tenant is a Suria KLCC and Kuala According to Wennie Liew China restaurateur who Lumpur Convention from IQI Realty Sdn Bhd who owns an F&B outlet in Kuala Centre, 550m from Prince Court Medical concluded the deal, The Pearl Lumpur city centre and liked Centre and private, is just a stone’s throw away The Pearl for its proximity to international and from KLCC Park and Pavilion Pavilion KL. He signed a one- national schools KL. It is also easily accessible year rental with an option to located within 5km via major roads, such as Jalan renew for another year. • Facilities: 38m salt , Jalan Kia Peng, EdgeProp.my recorded water swimming pool, and Jalan Sultan Ismail. a total of 54 rental listings gymnasium, sauna “Many tenants have with an average asking rental room, yoga room, terminated their tenancy of RM9,938 or RM2.70 psf golf simulator room, RM6,500,000 agreements due to the a month as at July 5, 2020 RM1,128,000 library, sky lounge, Covid-19 outbreak so many while there were 35 sale water features and Saujana, Shah Alam, Selangor landlords have reduced their listings asking for an average Mutiara Oriental, Tropicana, pool deck cabanas Type: Bungalow Tenure: Freehold rents to attract new tenants. price of RM3.86 million or Selangor Built-up: 5,200 sq ft Land size: 10,200 sq ft • Accessibility: 1.2km to However, for this unit, the RM971 psf. In 2019, nine Type: Condominium Tenure: Freehold Bedroom: 6 Bathroom: 6 KLCC LRT station, easy Built-up: 2,970 sq ft Bedroom: 3 tenant agreed to go with the transactions were concluded access to main roads Bathroom: 5 five-figure rent,” she said. The with the average transacted such as Jalan Stonor, Zack Ng (PEA2049) Jalan Kia Peng and unit is fully furnished and price at RM3.21 million or Yoong Shiun Yan (PEA 1320) KNIGHT FRANK MALAYSIA SDN BHD (VE (1) 0141) Jalan Tun Razak. even comes with electrical RM832 psf. HARTAMAS REAL ESTATE (MALAYSIA) SDN BHD +6017 770 6897 (E(1) 1439) +6019 288 2356

RM330,000 RM5,800,000 RM3,962,400 RM720,000 Ritze Perdana 2, Damansara Damansara Utama, Selangor Bandar Bukit Raja, Klang, Selangor Bandar Parklands, Klang, Selangor Perdana, Selangor Type: Office Tenure: Freehold Type: Factory Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Serviced apartment Tenure: Leasehold Built-up: 4,807 sq ft Built-up: 6,096 sq ft Land size: 8,649 sq ft Built-up: 1,300 sq ft Land size: 1,650 sq ft Built-up: 424 sq ft Bedroom: Studio Bedroom: 4 Bathroom: 4 Bathroom: 1

Yat Min (REN 31294) Wlliam Tan Koon Leng (PEA 1315) Winny Su (REN 00355) Megan (REN 05622) WTW REAL ESTATE SDN BHD (E (1) 0507/6) IQI REALTY SDN BHD (E (1) 1598/1) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) THE ROOF REALTY SDN BHD (E (1) 1605/6) +6018 661 3088 +6014 313 1931 +6017 298 1800 +6019 576 8786 EP 16 Friday july 17, 2020

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RM30,000,000 RM380,000 RM1,300,000 RM11,000/mth Georgetown, Penang Plaza Damas 3, , Mont Kiara Aman, Mont’Kiara, USJ 1, USJ, Selangor Type: Bungalow Tenure: Freehold Kuala Lumpur Kuala Lumpur Type: Factory Tenure: Leasehold Built-up: 35,000 sq ft Land size: 62,692 sq ft Type: Serviced apartment Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 10,000 sq ft Land size: 12,000 sq ft Bedroom: 10 Bathroom: 7 Built-up: 500 sq ft Bedroom: Studio Built-up: 1,668 sq ft Bedroom: 3 Bathroom: 1 Bathroom: 2

William Wong (REN 06642) Wenda Tee (REN 31380) Vivienne Ng (REN 04563) Vivian Ong (REN 00426) MERIDIN PROPERTIES SDN BHD (E (1) 1525/2) Reapfield Properties (HQ) Sdn Bhd (E (1) 0452) REAPFIELD PROPERTIES (TAMAN SEA) SDN BHD Full Homes Realty Sdn Bhd (E (1) 1501/3) +6012 473 2313 +6013 348 9163 (E (1) 0452/9) +6017 338 8859 +6016 212 2689

RENTED foR DONE DEAL RM5,000/mth (RM0.93 psf) 1½-storey semidee factory, Hi-tech 7 Industrial Park, Semenyih, Selangor Concluded by: Jessica Tung (REN 05827) of Propnex Realty Sdn Bhd (+6012 381 7783) When: February 2020 RM4,500,000 RM1,600,000 Pavilion Residences, Bukit Bintang, Developed by SYF environment as this is a gated Taman Kinrara, Puchong, Selangor Kuala Lumpur Noteworthy Development Sdn Bhd, Hi-tech and guarded industrial park Type: Bungalow Tenure: Freehold Type: Serviced apartment Tenure: Leasehold Built-up: 3,000 sq ft Land size: 6,480 sq ft Freehold 7 Industrial Park in Semenyih with 24-hour security,” she Built-up: 1,254 sq ft Bedroom: 2 • Bedroom: 5 Bathroom: 3 is a modern industrial park in added. It inked a one-year Bathroom: 2 • Land area: 11,374 sq ft; Selangor’s Southern corridor. tenancy agreement with a Vincent Wong (REN 21609) Built-up: 5,400 The industrial park offers 76 lease renewal option subject to Vincent Ng (E 0994) FULL HOMES REALTY SDN BHD (E (1) 1501/8) sq ft units with land sizes ranging negotiation. KIM REALTY (E (3) 0211) +6012 283 7345 from 10,725 sq ft to 65,623 sq According to data from +6019 336 0899 • Two bathrooms ft and built-ups from 5,400 EdgeProp.my, as at July 5, • Bare unit sq ft to 18,400 sq ft. The units there were 39 rental listings Facilities: Gated • come with three-phase power asking for an average rent of and guarded, auto gate, electric supply of 200/400 ampere RM25,744 or RM0.66 psf per shutters at office units (AMP). month in the Semenyih area. and staircase Propnex Realty Sdn Meanwhile, there were 127 areas, alarm Bhd’s Jessica Tung who industrial units listed for sale system and CCTV concluded the deal said unlike on the property portal with the • Easy access to conventional industrial units, average asking price at RM3.78 Kajang Dispersal the ones here have modern million or RM215 psf. Link Expressway features and annexed office EdgeProp.my data also (SILK), The spaces making them suitable showed that 39 industrial units Kajang–Seremban RM50,000,000 to be used as office, warehouse were transacted in 2019 with RM5,800/mth Highway (Lekas) and production facilities. the average transacted price at and main roads Apex Tower @ Southgate “The tenant is a RM2.21 million or RM234 psf. The Ruma, KLCC, Kuala Lumpur such as Jalan Commercial Centre, Kuala Lumpur construction company looking Type: Serviced apartment Tenure: Freehold Bangi Lama and Type: Office Tenure: Freehold for a contemporary-designed Planning to buy or sell a home? With Built-up: 915 sq ft Bedroom: 2 Bathroom: 2 Built-up: 90,126 sq ft Jalan Sg Lalang unit as the company’s office EdgeProp’s FREE transacted price tool, you can check past transaction and warehouse with ample prices for any property by name or Victor Lim (REN 09135) space to store building area and make an informed decision. Tracy Tan (REN 02529) CBD PROPERTIES SDN BHD (E (1) 1197) materials. They like the safe RGROUP 6 SDN. BHD (E (1) 1707/6) +6019 280 2788 +6012 223 3203

RM420,000 RM47,205/mth RM1,200,000 RM1,580,000 Seksyen 25 (Taman Sri Muda), Section 13, Petaling Jaya, Selangor Klang, Selangor Tara, Ampang Hilir, Kuala Lumpur Shah Alam, Selangor Type: Factory Tenure: Leasehold Type: Shoplot Tenure: Freehold Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Freehold Built-up: 20,524 sq ft Land size: 21,780 sq ft Built-up: 1,540 sq ft Built-up: 2,750 sq ft Bedroom: 3 Built-up: 1,400 sq ft Land size: 1,200 sq ft Bathroom: 3 Bathroom: 4 Bedroom: 4 Bathroom: 3

Tony Tan (REN 05165) Thean (REN 02316) Tay Yen Sing (REN 29659) Susie Ong (PEA1243) KIM REALTY (E (3) 0211) Midas Properties (E (3) 0677) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) METRO CITY REALTORS SDN BHD (E (1) 1652) +6016 301 8851 +6012 203 5517 +6012 335 0520 +6016 225 0163 EP 17 Friday july 17, 2020

Friday august 30, 2019 Click/tap on spotlight each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM1,570,000 RM225,000 RM13,300,000 RM899,000 Sunway SPK Damansara, Taman Sentosa, Klang, Selangor , Pudu, Kuala Lumpur Dataran Prima, Petaling Jaya, Kuala Lumpur Type: Terraced house Tenure: Freehold Type: Commercial land Tenure: Leasehold Selangor Type: Terraced house Tenure: Freehold Built-up: 1,000 sq ft Bedroom: 2 Land size: 14,438 sq ft Type: Office Tenure: Freehold Built-up: 2,400 sq ft Land size: 1,650 sq ft Bathroom: 1 Built-up: 2,392 sq ft Bedroom: 3 Bathroom: 2

Suki Tan (REN 06909) Steve Lieow (PEA2417) SP Lee (REN 40386) Lue (REN 18679) BIG PLUS PROPERTIES SDN BHD (E (1) 1834) THE ROOF REALTY SDN BHD (E (1) 1605) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) HARTAMAS REAL ESTATE (MALAYSIA) SDN BHD +6013 277 8668 +6010 218 3671 +6018 382 9338 (E (1) 1439) +6014 626 4929

RM600,000 RM3,100,000 RM1,980,000 RM380,000 Cameron Towers, Petaling Jaya, Sunway Vivaldi, Sri Hartamas, , Mahsuri Apartments, Taman Selangor Kuala Lumpur Kuala Lumpur , Kuala Lumpur Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 1,507 sq ft Bedroom: 3 Built-up: 4,047 sq ft Bedroom: 5 Built-up: 2,000 sq ft Land size: 2,000 sq ft Built-up: 820 sq ft Bedroom: 3 Bathroom: 1 Bathroom: 2 Bathroom: 6 Bedroom: 5 Bathroom: 3

Siew Lee Tan (REN 01666) Shiyan Lim (REN 04671) Sharifah (REN 05245) Shahrul Nizam (REN 24288) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) Kith and Kin Realty Sdn Bhd (E (1) 1933) KIM REALTY (E (3) 0211) AJC PROPERTY SURVEYORS SDN BHD (VE (1) 0202) +6012 458 3016 +6012 288 3436 +6012 627 9011 +6019 619 7278

RM574,200 RM800,000 RM1,700/mth RM18,000/mth Seremban, Negeri Sembilan USJ 19, USJ, Selangor Suria Residence, Bukit Jelutong, SS 21, Damansara Utama, Selangor Type: Bungalow Tenure: Freehold Type: Terraced house Tenure: Freehold Selangor Type: Shophouse Tenure: Freehold Built-up: 1,726 sq ft Land size: 4,250 sq ft Built-up: 1,835 sq ft Land size: 1,650 sq ft Type: Serviced apartment Tenure: Freehold Built-up: 4,750 sq ft Land size: 4,050 sq ft Bedroom: 4 Bathroom: 2 Bedroom: 3 Bathroom: 3 Built-up: 943 sq ft Bedroom: 2 Bathroom: 2

San Wai Hong (REN 34629) Samuel Sing (REN 14178) Philip CK Ong (REN 32684) Ong Chee Yong (REN 22613) VIVAHOMES REALTY SDN BHD (E (1) 1670/3) CITI LIFE REAL ESTATE (E (3) 1627) I-PROP REALTY (USJ) SDN BHD (E (1) 0990/2) Polygon Properties Sdn Bhd (E (1) 1714) +6016 345 9809 +6012 279 0150 +6016 220 0780 +6018 366 8687

RM490,000 RM330,000 RM1,800,000 RM9,500/mth Anjung Hijau, , Bentong, Pahang Section 11, Shah Alam, Selangor The Ritz-Carlton Residences, Kuala Lumpur Type: Agriculture Land Tenure: Freehold Type: Bungalow Tenure: Leasehold KLCC, Kuala Lumpur Type: Condominium Tenure: Freehold Land size: 43,560 sq ft Built-up: 3,900 sq ft Land size: 9,960 sq ft Type: Serviced apartment Tenure: Freehold Built-up: 1,116 sq ft Bedroom: 3 Bathroom: 2 Bedroom: 5 Bathroom: 6 Built-up: 1,163 sq ft Bedroom: 1 Bathroom: 1

Neoh Eng Kim (REN 32881) Neel (REN 04411) Nadia Rohim (REN 08342) Michelle Ong (REN 11532) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) REAPFIELD PROPERTIES (PUCHONG) SDN BHD DZ ANGKASA PROPERTY CONSULTANTS SDN BHD GATHER PROPERTIES SDN BHD (E (1) 1536) +6016 208 6331 (E(1) 0452/8) +6012 219 1124 (VEPM (1) 0331) +6012 358 2950 +6012 230 9666 EP 18 Friday july 17, 2020 JOHOR BAHRU EdgeProp.my’s #AreaOf TheWeek

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