Builders of Visions (Ii)
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BUILDERS OF VOL. #14 VISIONS (II) *DISCLAIMER. “This article is prepared based on material compiled from data considered to be reliable at the time of writing, but Raine & Horne does not make any representation or warranty, express or implied, as to its accuracy, completeness or correctness. This article has been prepared for information purposes only. No part of this report may be shared, reproduced, distributed, transmitted, displayed or published in any manner without the written consent of Raine & Horne. Raine & Horne does not accept any liability, be it directly, indirectly or consequential losses or damages that may arise from any reliance based on this article”. About us .Incorporated in 1982, Raine & Horne International Zaki + Partners Sdn. Bhd. is a firm of Chartered Surveyors and Registered Valuers. Our practice covers a wide range of services including property valuation, investment and project management, property management, real estate agency and property consultancy. The firm currently operates twelve (12) offices in Malaysia: Kuala Lumpur, Petaling Jaya, Subang Jaya, Kelang, Johor Bahru, Melaka, Ipoh, Seremban, Kuantan, Penang, Kota Kinabalu and Kuching. Since its inception and establishment, Raine & Horne International Zaki + Partners Sdn. Bhd. has enjoyed an outstanding and enviable reputation and success. The firm has received wide recognition from all quarters, nationally and internationally. Founded in 1883, Raine & Horne is one of the world’s largest real estate organisations with offices and affiliates all over the world, including in the major cities of South East Asia, Europe, Canada, USA, Fiji, Australia, New Zealand, Japan and Africa. Raine & Horne International Zaki + Partners Sdn. Bhd. aims to provide our clients with quality professional service. Raine & Horne International Zaki + Partners Sdn. Bhd. is committed to the Quality Management System required by ISO 9001:2008 Standards. Our team comprises of highly qualified partners in various expertise which authorize us to offer broad ranges of services in: Professional Valuation Services Corporate Advisory Services Project Management Property Management & Maintenance Real Estate Agency Auctioning Market Research & Feasibility Studies Property Investment Consultancy Building Auditing Bio Asset Valuation Forensic Valuation CYF.A14/05.15 2 Contents Builder of Visions...................................4 Current & On-going Projects................6 Klang Valley..........................................10 Johor......................................................14 Penang...................................................18 Perak & Sabah......................................19 Negeri Sembilan & Sarawak...............20 Melaka...................................................21 References.............................................22 Contact us…………………………….23 International Affiliations…………….24 CYF.A14/05.15 3 Builders of Visions Sample Selection Basis The sample size of this analysis include 10 of the largest listed companies in Bursa Malaysia based on:- i. Market capitalization ii. Main market iii. Property sector However, it must be noted that not all companies in the sample list are engaged fully in property development. Some of them might be well-diversified into other industries and might include subsidiaries such as plantation, construction, and healthcare under the group’s listing. Nonetheless, the activity of property development remains the major revenue contributor to such groups. Criteria Segregation Basis This article concentrates on the current and on-going projects of these builders which contrast with the previous article that focused on financial analysis. The intuition is to provide an overview of the hotspots for current and future property developments. The projects were sorted into various regions, and subsequently into individual states and respective developers. The following map and table summarize such pertaining information. Current & On-going Projects i. By Region It was observed that majority of the projects was concentrated in Peninsular Malaysia (96%) whereas Sabah and Sarawak only accounted for 4% of the total undertakings. While within the Peninsular, the central region (KL, Selangor, Putrajaya) made up 56% of the total projects in West Malaysia. This was followed by the southern region (Negeri Sembilan, Melaka, Johor) at 27%. The northern region was last (Perak and Penang) at 17%. CYF.A14/05.15 4 Builders of Visions ii. By State While the ranking of states by total number of projects are as follow:- 1. Klang Valley (KL, Selangor, Putrajaya) – 85 projects (54%) 2. Johor – 36 projects (23%) 3. Penang – 21 projects (13%) 4. Perak – 4 projects (3%) 5. Sabah – 4 projects (3%) 6. Negeri Semiblan – 3 projects (2%) 7. Sarawak – 2 projects (1%) 8. Melaka – 1 project (<1%) It is therefore obvious that Klang Valley, Johor, and Penang are still the favourite hotspots for these Builders of Visions. iii. By Developer The ensuing ranking of developers by total number of projects are as follow:- 1. IJM Land – 30 projects (19%): Almost equal weightage in central, southern and northern regions; has the most projects in East Malaysia amongst the Builders of Visions. 2. SP Setia – 25 projects (16%): Concentration in the central region, followed by southern, northern, and East Malaysia. 3. Mah Sing – 21 projects (13%): Emphasis on the central region, followed by southern, northern, and East Malaysia. 4. Sunway – 18 projects (11%): Focused on the central region, followed by northern, and southern. 5. UEM Sunrise – 16 projects (10%): Concentration in the southern region, followed by central. 6. IOI Properties – 12 projects (8%): Emphasis on the central region, followed by southern, and northern. 7. IGB Corp. – 11 projects (7%): Focused on the central region, followed by southern. 8. E&O – 11 projects (7%): Focused on the central region, followed by northern, and southern. 9. MRCB – 7 projects (4%): Almost parallel concentrations in both the central and northern regions. 10. UOA – 5 projects (3%): Sole emphasis on the central region. CYF.A14/05.15 5 Current & On-going Projects going Projects by Builders of Visions (sorted going by State). Visions Projects by Builders of - Number of Current Current of & On Number CYF.A14/05.15 6 Current & On-going Projects (sorted (sorted by Developer & Region). going Projects by Builders of Visions going Visions Projects by Builders of - Number of Current Current of & On Number CYF.A14/05.15 7 Current & On-going Projects Number of Current & On-going Projects by Builders of Visions (breakdown by Developer & State). KLANG VALLEY KL SELANGOR PUTRAJAYA TOTAL SP SETIA 3 7 1 11 IOI PROPERTIES 0 7 1 8 UEM SUNRISE 4 2 0 6 SUNWAY 5 6 0 11 IJM LAND 6 4 0 10 IGB CORP. 8 2 0 10 MAH SING 2 9 1 12 UOA 5 0 0 5 E&O 7 1 0 8 MRCB 4 0 0 4 TOTAL 44 38 3 85 KOTA JOHOR JB KULAIJAYA SEGAMAT TOTAL TINGGI SP SETIA 8 0 0 0 8 IOI PROPERTIES 0 1 1 0 2 UEM SUNRISE 10 0 0 0 10 SUNWAY 2 0 0 0 2 IJM LAND 6 0 0 1 7 IGB CORP. 1 0 0 0 1 MAH SING 4 0 0 1 5 E&O 1 0 0 0 1 TOTAL 32 1 1 2 36 CYF.A14/05.15 8 Current & On-going Projects PENANG ISLAND MAINLAND TOTAL SP SETIA 5 0 5 IOI PROPERTIES 1 0 1 SUNWAY 1 1 2 IJM LAND 5 2 7 MAH SING 2 0 2 E&O 2 0 2 MRCB 1 1 2 TOTAL 17 4 21 PERAK SABAH KK SANDAKAN TOTAL SUNWAY 3 SP SETIA 1 0 1 IJM LAND 0 1 1 MRCB 1 MAH SING 2 0 2 TOTAL 4 TOTAL 3 1 4 N. SEMBILAN SARAWAK KUCHING MELAKA IOI PROPERTIES 1 IJM LAND 2 IJM LAND 1 IJM LAND 2 TOTAL 2 TOTAL 1 TOTAL 3 CYF.A14/05.15 9 Klang Location of Current & On-going Projects by Builders of Visions in Klang Valley. Valley CYF.A14/05.15 10 Klang Valley Current & On-going Projects in Klang Valley by Builders of Visions. SP Setia IOI Properties KL Klang (Selangor) 1. Setia Sky Residences – Kg Baru 1. Bdr Putera Klang 2. Kenny Hills Grande – Bkt Tunku 2. Bdr Puteri Klang 3. KL Eco City – Mid Valley City Bangi (Selangor) Selayang (Selangor) 3. Bdr Puteri Bangi 4. Setia Eco Templer – Templer Park Puchong (Selangor) Shah Alam (Selangor) 4. Bdr Puchong Jaya 5. Setia Alam – U13 5. Bdr Puteri Puchong 6. Setia Eco Park – U13 6. 16 Sierra – Puchong South Klang (Selangor) Sepang (Selangor) 7. SetiaNgle – Bdr Bkt Tinggi 2 7. Bdr Puteri Warisan – Salak Tinggi Puchong (Selangor) Putrajaya 8. Setia Walk – Pusat Bdr Puchong 8. IOI Resort City – Precinct 13 Semenyih (Selangor) 9. Setia Eco Hill – Semenyih Sunway Cyberjaya (Selangor) KL A. Setia Eco Glades 1. Sunway Velocity – Tmn Maluri (Cheras) 2. Sunway Vivaldi – Sri Hartamas Putrajaya 3. Sunway Palazzio – Sri Hartamas B. Dwiputra Residences – Precinct 15 4. Sunway Rydgeway – Tmn Melawati 5. Sunway Montana – Desa Melawati UEM Sunrise PJ/SJ (Selangor) KL 6. Sunway Resort City – PJS 11 (Bdr 1. Summer Suites – Jln Sultan Ismail Sunway) 2. Residensi Sefina – Mont’ Kiara 7. Sunway Lacosta – PJS 9 (Bdr Sunway) 3. Arcoris – Mont’ Kiara 8. Sunway Geo – PJS 9 (Bdr Sunway) 4. Residensi 22 – Mont’ Kiara 9. Sunway Rymba Hills – PJU 3 (Sunway Damansara) Cyberjaya (Selangor) A. Sunway Nexis – PJU 5 (Kota 5. Symphony Hills – Cyber 9 Damansara) Bangi (Selangor) Seri Kembangan (Selangor) 6. Serene Heights B. Sunway Eastwood – Tmn Equine CYF.A14/05.15 11 Klang Valley Current & On-going Projects in Klang Valley by Builders of Visions. IJM Land Mah Sing KL KL 1. Ampersand – Jln Kia Peng 1. M City – Jln Ampang (Kg Berembang) 2. Riana 3 – jln Raja Laut (Chow Kit) 2. Icon Residence – Mont’ Kiara 3. Pantai Sentral Park – Bkt Kerinchi 4. Seri Riana – Wangsa Maju Bt Caves (Selangor) 5. Bkt Manda’rina – Alam Damai (Cheras) 3. Lakeview Residence – Tmn Wahyu 6. Shng Villas – Bkt Pandan (Cheras) Sg Buloh (Selangor) Ampang (Selangor) 4. D’sara Sentral – Kg Baru Sg Buloh 7. Debunga Residensi – Ukay Perdana Rawang (Selangor) Puchong (Selangor) 5. M Residence 8. Granview – Saujana Puchong (Puchong 6. M Residence 2 South) PJ (Selangor) Kuala Langat (Selangor) 7.