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Negeri Sembilan: Property Figures

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Negeri Sembilan: Property Figures Editor Roshan Kaur Sandhu CEO’S FOREWORD Writer Reena Kaur Bhatt Head of Creatives Angeline Lim Senior Graphic Designers Jason Kwong Wing Wong Ad Operations Executive Nur Alia Ahamd Tamezi Wanisha Ratan Kumar General Manager (Media and Developer Sales) Jenn Adams General Manager (Consumer Marketing & Brand Management) Jonathan Adams General Manager (Agent Sales) Leon Kong Weak property market presents unique Head of iProperty TV Jonathan Ong purchasing opportunities Chief Executive Officer From early December last year to January this year, many of you Georg Chmiel participated in our ninth iProperty.com Asia Property Market Sentiment Chief Financial Officer Survey. The survey was conducted not just in Malaysia, but across Shiao Mae Chan our other leading property portals in Indonesia (Rumah123.com and Chief Information Officer rumahdanproperti.com), Hong Kong (GoHome.com.hk) and Singapore Harmit Singh International Correspondents (iproperty.com.sg). Ee Von Ng & Leslie Lin The survey polled close to 13,000 respondents and 40% of respondents were from Malaysia. The findings revealed that in Malaysia and Singapore, about half of the respondents are able to cover their expenses but face difficulty saving, while respondents in Indonesia iProperty.com Malaysia Sdn Bhd (600850-K) have less than Rp50 million left after deducting expenses and savings. Suite 11.01, Level 11 Menara IGB Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia On the Malaysian front, the findings also revealed that the weak Phone: (603) 2264 6888 property market provides unique purchasing opportunities for some Fax: (603) 2264 6900 home buyers and investors. Sales enquiries: [email protected] Editorial matters: [email protected] General enquiries: [email protected] Further details of these findings are featured on pages 18 to 25. Subscription: [email protected] International Property: [email protected] We wish to thank all survey respondents for sharing their valuable input on the property market. This report offers valuable insights to iProperty.com Malaysia Sdn Bhd (Johor) A-2-7, Pusat Komercial Bayu Tasek not just our consumers, but also to developers, real estate agents, local Persiaran Southkey 1, Kota Southkey and international property buyers and investors. 80150 Johor Bahru, Johor iProperty.com Malaysia Sdn Bhd (Penang) Enjoy the read! Bay Avenue D-25-3 Lorong Bayan Indah 2 Bayan Lepas, 11900 Penang iProperty.com Magazine is published monthly by iProperty.com Malaysia Sdn Bhd, Suite 11.01, Level 11 Menara IGB, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia. Georg Chmiel Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, CEO editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for The iProperty Group any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto. The views by our contributors expressed here are their personal opinions and do not necessarily reflect iProperty.com’s views. Unless otherwise noted, all artwork and ad designs printed in iProperty. com Magazine are the sole property of iProperty.com Malaysia Sdn Bhd, and may not be reproduced or transmitted in any form, in whole or in part, without the prior written consent of the publisher. CONTENTS April 2016 2 CEO’S FOREWORD Research Data 6 EDITOR’S NOTE/HAPPENINGS 36 NEGERI SEMBILAN: PROPERTY FIGURES 8 HAPPENINGS 43 MALACCA: PROPERTY FIGURES Cover Story Special Focus 12 GREEN TARGET GROUP 46 SERI PAJAM DEVELOPMENT: QUALITY AT AN MesaHill - First integrated high rise & lifestyle shopping AFFORDABLE PRICE mall in Nilai 50 LET’S TALK - MAKING AN IMPRESSION IN MALACCA Let’s Talk 54 LET’S TALK: ALBURY @ MAHKOTA HILLS: 16 PRIMA HARMONI 2 – LIFE IS BETTER WITH A PERFECT BALANCE BETWEEN COST AND VIBRANT LIVING CHIMING IN HARMONY QUALITY TH 18 AN OVERVIEW OF THE 9 IPROPERTY.COM 58 IN CONVERSATION WITH BENJAMIN ONG, ASIA PROPERTY MARKET SENTIMENT SURVEY GM OF OPERATIONS, JOHOR, E&O BERHAD - (H1) 2016 MULLING OVER MARKET DYNAMICS Event Industry Update 26 FUN-FILLED MINGLING NIGHT IN KL 60 MIXED VIEWS ON FREEZE OF FOREIGN WORKERS Industry Update Points of Interest 28 BOVAEA: WEEDING OUT THE BUGS IN 62 THE YEAR THAT WAS – HOW ARE WE COPING THE INDUSTRY WITH GST? Special Focus Research Data 32 MALACCA & NEGERI SEMBILAN: MALAYSIA’S 65 C H WILLIAMS TALHAR & WONG PROPERTY 2016 NEWEST INVESTMENT HUBS REPORT (MALACCA & NEGERI SEREMBAN) 68 KNIGHT FRANK Experts’ Views The Wealth Report 2016 (10th Edition) 34 MALACCA & NEGERI SEMBILAN: THE NEXT BIG THINGS 71 KNIGHT FRANK MALAYSIA Real Estate Highlights 2H2015 12 46 4 | CONTENTS April 2016 International Section iThink 80 SINGAPORE NEWS 105 SAVING – IT’S EASIER THAN YOU THINK Happenings 82 INDUSTRY UPDATE Investor’s Profile - Young Gun An overview of what Singaporean property investors 106 TAN CHING SEN: 28 PROPERTIES BY 25 are looking for in Malaysia 84 INTERNATIONAL NEWS Happenings Points of Interest 108 AIR BNB: CHANGING THE WAY FOR TRAVELLERS 86 INTERNATIONAL FEATURES – BRIEFS The mathematical consideration of buying a property 110 VACATION RENTALS AND THE AGE OF TECHNOLOGY: HOW ANYONE CAN MAKE 88 INTERNATIONAL FEATURES – VIEWPOINT MONEY IN THE PROPERTY MARKET Anglophile tendencies 92 INTERNATIONAL FEATURES – FEATURES Bangkok bounces back Regulars 112 OREGEON PROPERTY CONSULTANCY 95 INTERNATIONAL FEATURES – LUXE A look at Negeri Sembilan Kartell goes Sottsass 116 HOUSE BUYERS’ ASSOCIATION Inter floor leakage – A strata living nightmare (Part 2) Consumer Awareness 120 DATO’ JOEY YAP 96 FIVE TRICKS TO MAKE YOUR HOME MORE You, Qi and the Sea COMFORTABLE 122 CHAN AI CHENG Negeri Sembilan’s next direction Agent’s Views 124 VICKY HOW 98 GATHER PROPERTIES Commercial Valuation For Investment The Real Deal Let Me Help You Advertorial 126 ARTEVIA - MORE BEAUTIFUL AND 100 PLANNING YOUR INTERIOR DESIGN PROJECT LONGER-LASTING FLOORS Consumer Awareness 130 AGENCY DIRECTORY 102 CONSUMER AWARENESS Home safe home: Are you living in one? 138 CLASSIFIEDS Agent’s Advice 144 SUBSCRIPTION 104 BUYING A HOME IN AUSTRALIA: WHERE TO START? 102 108 120 | 5 EDITOR’S NOTE A moment ago it was January, now I write the percentage said allocation would also increase over editor’s note for the April issue. Where have the the coming 10 years, the highest seen across the intervening months gone? ultra-rich in Asia-Pacific for both decades. More on page 68. One of the interesting news making the headlines recently is Bank Negara Malaysia’s report on the As the saying goes, “You’re never too young and supply ‘mismatch’ situation in the housing market. you’re never too old. Tan Ching Sen, 25 pursued All of which clearly shows there are concerns on her dream of becoming an investor despite the homes in urban areas which continue to be beyond economic changes. She has built an impressive affordable. RM10 million property portfolio. I am simply at awe of how she did it. A must read on page 106! Special focus for this month is Negeri Sembilan and Malacca and we have some interesting data In this issue, we had a chance to speak to a to share with you. The data shows that the timely renowned investor and he shared on how AirBnB rise of Negeri Sembilan and Malacca is well aligned is something you will want to pay serious attention with the Government’s aspirations to achieve a to. It offers potential for above average returns and high income nation status by 2020. a new form of revenue generation. Property has always been a potent wealth builder Till next month. among Malaysians. According to a Knight Frank’s Wealth Report, 65% of Malaysian respondents said asset allocation to residential property had increased over the last decade, while the same Roshan Kaur Sandhu HAPPENINGS Forest City is the first artificial island to get duty-free status Other incentives that were announced include corporate tax incentive for qualified companies or companies with Iskandar Development Region status involved in tourism and MICE, education and healthcare, corporate tax incentive for Green Developer and Green Development Manager and a waiver on company equity restriction for foreign investors to claim these incentives. His Royal Highness Sultan Ibrahim Ibni Almarhum Sultan Iskandar, the Sultan of Johor, Chief Minister of Johor Y.A.B Dato’ Mohamed Khaled Nordin and several distinguished guests and business partners Forest City, Southeast Asia’s largest mixed-use graced the event. green development and a joint venture project by Hong Kong-listed Country Garden Holdings Co In addition, Forest City has also achieved Iskandar Ltd and Johor’s Esplanade Danga 88 Sdn Bhd, has Development Region (IDR) status development for been granted a duty-free zone status and a slew of tourism and MICE (meeting, incentives, conference incentives by the Federal Government of Malaysia. and exhibition), education and healthcare sectors. The IDR status currently grants a five-year tax In announcing the incentives at the grand opening exemption or 100% investment tax allowance of ceremony of Forest City, Prime Minister Dato’ the capital expenditure against 100% of statutory Seri Najib Tun Razak said, “To ensure the success income. of Forest City, I am pleased to declare duty free zone area at Forest City, enabling local residents, By 2035, Forest City is expected to create 220,000 businesses and tourists to benefit from the work, live jobs for Malaysians in the finance and e-commerce and play environment.” sectors. 6 | HAPPENINGS Hong Kong media gets a taste of greener pastures at Avira With wide frontage that welcomes the outdoors, and private courtyards and terraced decks that connect the homes to green linear gardens, each unit is thoughtfully planned to promote cross ventilation and optimal inflow of natural light within each garden terrace.
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