In the Year of the FIRE MONKEY
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MAKE BETTER DECISIONS FRIDAY JANUARY 15, 2016 ISSUE 2087/2016 A PULLOUT EVERY FRIDAY WITH Read this copy online @ TheEdgeProperty.com MAKE BETTER DECISIONS PP 9974/08/2013 (032820) ep3 NEWS ep6 FEATURE ep8 FEATURE FIND YOUR Cost saving, trends to Time for bargains ‘Lower returns NEXT HOME HERE! impact offi ce space in the Golden Triangle? to be the norm’ TheEdgeProperty.com PROPERTY INVESTMENT in the year of the FIRE MONKEY The 3,000-strong crowd Dato’ Joey Yap’s tips on real estate investment in 2016 from the at Joey Yap’s Feng Shui and Astrology Seminar in perspective of Chinese metaphysics. See story on pages ep4 & 5. Kuala Lumpur on Jan 10. KENNY YAP/THE EDGE PROPERTY FRIDAY JANUARY 15, 2016 • THEEDGE FINANCIAL DAILY EP2 PROPERTY | NEWS ON NEWS ROUNDUP Go to TheEdgeProperty.com for more property news Flat growth for Klang Valley Hua Yang plans mixed-use Lumpur, comprises 11 towers hous- director of Sime Darby Property at www.Th eEdgeProperty.com property market - WTW development in Plentong, ing a total of 813 units of between since June, 2011. Johor Bahru 1,162 sq ft and 5,037 sq ft in built-up He was instrumental in steering Hua Yang Bhd plans to develop a area. Prices start at RM1.1 million or Sime Darby in the Malaysian-led mixed-use development with a GDV RM800 psf. consortium to redevelop Batter- of RM346.4 million in Mukim Plen- Scheduled to be completed by the sea Power Station in London. He tong, Johor Bahru. fourth quarter of 2019, Agile Mont’Ki- previously held management and In a fi ling with Bursa Malaysia on ara is the fi rst international project board positions in companies in Jan 11, the property developer said it by Agile Property Holdings. Th e de- Malaysia, Europe and Asia, cover- will acquire eight parcels of freehold velopment has a gross development ing plantation, property, construc- land totalling 73.16 acres in Johor value (GDV) of RM1.4 billion. tion, manufacturing and services. Petaling Jaya’s Bahru for RM75.6 million through About six acres of the 10 acres Prior to joining Sime Darby, Damansara the purchase of Grand View Realty will be used for recreational pool Abd Wahab was group chief ex- areas among the Sdn Bhd, a Johor-based property and park areas, said Agile Real Es- ecutive of Kumpulan Guthrie Bhd most popular Demand for high-rise residential development company. tate Development CEO Wilson Ren and Golden Hope Plantations Bhd. addresses in the property is expected to remain fl at To be developed in eight phases, at the launch. in the next two to three years owing the proposed project will feature clus- “The development exuberates Penang undersea tunnel Klang Valley to a mismatch between supply and ter homes, semi-detached homes, tranquillity and nature, making Agile work sees slight delay demand, according to international shop offi ces and homes under the an oasis in the heart of Mont’Kiara,” Consortium Zenith BUCG Sdn Bhd property consultant C H Williams Johor aff ordable housing scheme. he added. (CZBUCG), the main contractor for Talhar & Wong Sdn Bhd (WTW). Hua Yang now has a total undevel- the RM6.3 billion undersea tunnel Citing the high-end segment oped land bank of 550 acres, with a Wahab no longer Sime Darby project in Penang, will commence as an example, WTW managing potential GDV of RM4 billion. COO construction on June 15, behind director Foo Gee Jen said Kuala schedule. Lumpur has an existing supply of Agile Mont’ Kiara offi cially CZBUCG chairman Datuk Zarul 36,252 luxury high-rise residential launched Ahmad Mohd Zulkifl i told Th e Edge The Edge units in 2015 of which about 75% Financial Daily the consortium Malaysia are shoebox units, of between 400 will fi rst begin construction of the Property sq ft and 600 sq ft in built-up area. three highways that form part of “We have far too many small the project before embarking on Excellence units, or what we call, shoebox building the 7.2km undersea tun- Awards 2015 units, in the market [which] are nel linking Penang island to the not what the end-user really wants. mainland. Until all existing units are filled Th e three road projects are the up, the high-rise residential mar- Tan Sri Dr Abd Wahab Maskan paired-road from Jalan Tanjung ket will remain fl at. And, that will relinquished his responsibilities Bungah to Teluk Bahang, the Air probably take more than one or as chief operating offi cer of Sime Itam to Tun Dr Lim Chong Eu Ex- two years,” said Foo at the launch Agile Mont’Kiara, a joint venture Darby Bhd on Dec 31 for health pressway bypass, and the bypass of WTW’s Property Market 2016 project between Agile Real Estate reasons, the Sime Darby Bhd said from Gurney Drive to Tun Dr Lim report on Jan 12. Development Sdn Bhd and PJ De- in a fi ling with Bursa Malaysia on Chong Eu Expressway. Th ese have The Edge Communications Sdn Bhd “We are concerned about the velopment Holdings Bhd, was of- Jan 11. a combined length of 21.2km. As (266980-X) future supply [that] will see an in- fi cially launched by Kuala Lumpur Abd Wahab has also vacated his the highways would take about six Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, crease of 37.2% (49,752 units) of new mayor Datuk Mohd Amin Nordin managing director position in Sime years to complete, he estimates that Selangor, Malaysia luxury high-rise units injected into Abd Aziz on Jan 9. Darby Property Bhd. Abd Wahab CZBUCG would begin the environ- the market [by 2017] in Kuala Lum- The 10-acre freehold Agile had been the COO of Sime Darby mental impact assessment for the pur,” he added. Mont’Kiara in Mont’Kiara, Kuala since June, 2008, and managing undersea tunnel by 2017 or 2018. Publisher and Group CEO Ho Kay Tat Editorial For News Tips/Press Releases If you have any real estate-related events, email us at [email protected]. Tel: 03-7721 8219 Fax: 03-7721 8038 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 Property Tips for Challenging Date: Jan 16 and 17 (Sat and Sun) 73 Jalan Maarof Bangsar, Featuring a collection of Australian Deputy Editors E Jacqui Chan, Times Ahead Venue: MCity Sales Gallery, Icon 59200 Kuala Lumpur real estate across Melbourne, Wong King Wai Date: Jan 16 (Sat) Tun Razak, No 1, Jalan 1/68F, Off Time: 2pm Perth & Brisbane. Projects include Assistant Editor Lam Jian Wyn Senior Writer Racheal Lee Venue: MIEA Penang Branch, Unit Jalan Tun Razak, Kuala Lumpur Contact: (03) 2201 5818 / landed property, townhouses and Writers Chai Yee Hoong, 9 & 10, 5th Floor, Axis Complex, 35 Time: 10am to 6pmContact: (011) 189 8878 (Daniel Lim) condominiums located in high- Rachel Chew, Hannah Rafee, Jalan Cantonment, 10350 Penang (03) 9221 8888 / (018) 271 Topics include understanding growth areas with good potential Tan Ai Leng, Natalie Khoo, Ewe Shufei Time: 8.30am to 5pm 7221 (Samantha Onn) the London property market for capital appreciation and a Art Director Sharon Khoh Contact: (04) 228 8333 Among the talks at the event and sub markets, the best types conducive living environment. Design Team Cheryl Loh, Organised by the Malaysian is one by feng shui consultant of properties to buy, how to Valerie Chin, Aaron Boudville, Institute of Estate Agents Penang, Kenny Hoo, on “Good Feng Shui source for below-market value Aminullah Abdul Karim, this full-day seminar features Golden Tips to Greater Success properties, development fi nance Yong Yik Sheng, Tun Mohd Zafi an Mohd Za’abah, Noorain Duasa speakers who will share insights on in Economic Turbulence”, and a and more. Limited seats. international property investment property talk by Ishmael Ho of Ho Corporate trends, pitfalls in land transactions Chin Soon Research Sdn Bhd. Managing Director Au Foong Yee and the Penang property outlook Deputy Managing Director Lim Shiew Yuin for 2016. Interested participants UK Property Finance and Tax can pay a fee to attend. Seminar Advertising & Marketing Date: Jan 16 (Sat) To advertise contact Mah Sing BaziChic Chinese Venue: DoubleTree by Hilton GL: (03) 7721 8000 Fax: (03) 7721 8288 Metaphysics Consultancy Johor Bahru, Level 11, Meeting Chief Marketing Offi cer Date: Jan 17 (Sunday) Rooms 1 & 2, No 12 Jalan Ngee Showcase of V@Summerplace Sharon Teh (012) 313 9056 Venue: Icon Residence, Mont Heng, 80000 Johor Bahru Date: Jan 16 (Sat) General Manager, Digital Media Kiara, Level 7 Function Room, 1, Time: 2pm to 6pm Venue: Connoisseur Sales Gallery, Kingston Low (012) 278 5540 Senior Sales Managers Persiaran Dutamas, Kuala Lumpur Contact: (012) 340 4931 (Diana) 8-8B Jalan Bukit Meldrum, Geetha Perumal (016) 250 8640 Time: 10am to 6pm / (019) 227 5317 (Anna) Jalan Tanjung Puteri, Johor Fong Lai Kuan (012) 386 2831 Contact: (03) 9221 8888 There will be a talk on fi nance Bahru, 80300 Johor Bahru Peter Hoe (019) 221 5351 / (012) 215 2331 and tax by Jordan Smith of Australian Property Showcase Time: 11am to 5pm Gregory Thu (012) 376 0614 Creative Marketing Topics covered will include 2016 Capricorn Financial, London. Date: Jan 16 to 17 (Sat and Sun) Contact: (07) 221 0210 Chris Wong (016) 687 6577 feng shui, Chinese astrology, Showcase properties include Venue: Mersawa & Meranti, Showcasing the units available Head of Marketing Support & Ad Traffi c auspicious dates, as well as the Kidbrooke Village Centre Eastin Hotel Petaling Jaya, 13, in V@Summerplace, including Lorraine Chan (03) 7721 8001 free BaZi and tea leaf divination in Greenwich and the Royal Jalan 16/11, Pusat Perdagangan 642 sq ft 1-bedroom suites, 1,108 Email: [email protected] readings.