BUILDERS OF VOL. #14 VISIONS (II)

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CYF.A14/05.15 2 Contents

Builder of Visions...... 4 Current & On-going Projects...... 6 Klang Valley...... 10 Johor...... 14 Penang...... 18 Perak & ...... 19 & ...... 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, , ) 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 by Projects Builders of

- Number of Current Current On & of Number

CYF.A14/05.15 6

Current & On-going Projects

(sorted (sorted by Developer Region). &

going Projects by Builders of Visions going Visions by Projects Builders of

- Number of Current Current On & of 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 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 Valley

Valley.

Klang

going Projects by Builders of Visions in going Visions by Projects Builders of

- Location Location Current On & of

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 (Cheras) 2. Sunway Vivaldi – 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 () 2. Icon Residence – Mont’ Kiara 3. Pantai Sentral Park – Bkt Kerinchi 4. Seri Riana – Bt Caves (Selangor) 5. Bkt Manda’rina – (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. Icon City – SS8 (Sg Way) 9. Bdr Rimbayu – Telok Panglima Garang Puchong (Selangor) Puncak Alam (Selangor) 8. Kinrara Residence – Bdr Kinrara A. Shah Alam 2 – Bdr Puncak Alam 9. Festival Lakecity – Tmn Perindustrian Puchong

Bangi (Selangor) A. Southville City@KL South IGB Corp. KL Cyberjaya (Selangor) 1. Stonor 3 – Lorong Stonor B. Garden Residence 2. Damai 15 – Jln Damai 3. Damai Residence – Lorong Damai Putrajaya 4. Three28 Tun Razak – Jln Tun Razak C. Clover@Garden Residence – Precinct (Hampshire Park) 11 5. Hampshire Place – Jlan Tun Razak (Hampshire Park) 6. G Village – Desa Pandan 7. G Residence – Desa Pandan 8. Seri Ampang Hilir – Jln Ampang Hilir MRCB (Tmn U Thant) KL 1. City – Kg Semarak Sg Buloh (Selangor) 2. The Sentral Residence – KL Sentral 9. Park Manor – Sierramas 3. The Grid – Jalan Stonor A. Sierramas Heights- Sierramas 4. 9Seputeh – Jln Klang Lama (Seputeh)

CYF.A14/05.15 12 Klang Valley

Current & On-going Projects in Klang Valley by Builders of Visions. UOA E&O KL KL 1. Southbank Residence – Jln Klang Lama 1. The Mews – Jln Yap Kwan Seng (Kg Dato’ Tatah (Hampshire Park) 2. Desa Green Serviced Apartments – Jln 2. St Mary Residences – Jln Tengah Desa Bakti (Tmn Desa) 3. E&O Residences – Jln Tengah 3. South View Serviced Apartments – Kg 4. Dua Residency Condominiums – Jln Tun Kerinchi ( South) Razak 4. Scenaria@North Kiara Hills – Bkt 5. Sri Se-ekar Apartments – Tmn U Thant 6. Idamansara – 5. Sentul Village – Kg Seri Batu (Sentul) 7. Seventy Damansara – Damansara Heights

Shah Alam (Selangor) 8. Elmina West – Tmn Bkt Subang (U16)

Klang Valley

It was noted that Mah Sing has the most projects in Klang Valley which are widely dispersed from the north towards, the central and south of this region. This was followed by SP Setia which has a variety of projects in the central, western, and southern districts. Sunway’s projects were more concentrated within the central and southern regions.

Overall, the majority of projects in Klang Valley converged at the central district (KL Golden Triangle) and its immediate vicinity. However, it was noticed that there are a great number of projects emerging in the southern corridor from PJ and SJ, towards, Puchong, Cyberjaya, Putrajaya, Bangi, and Semenyih. While the western districts such as Klang and Shah Alam are also somewhat prevalent.

There are a total of 44 projects in the Federal Territory of KL, 38 in Selangor, and 3 in Putrajaya; hence making the final count of projects in Klang Valley to be 85.

CYF.A14/05.15 13

Johor

going Projects by Builders of Visions Johor. in going Visions by Projects Builders of

- Location Location Current On & of

CYF.A14/05.15 14 Johor

Location of Current & On-going Projects by Builders of Visions in JB District.

SP Setia UEM Sunrise (JB) Nusajaya 1. Setia Eco Gardens 1. Nusa Idaman 2. Setia Business Park 2. Nusa Bayu – Tmn Nusa Bayu 3. Puteri Harbour – Bkt Indah (JB) 4. Medini Iskandar – Medini 3. Bkt Indah 5. 6. Tmn (JB) 7. EduCity 4. Setia Eco Cascadia 5. Setia indah Gelang Patah (JB) 8. (JB) 9. Rumah 6. Setia Tropika 10. SiLC

Tmn Seri Austin () 7. Setia Business Park II

Bdr JB (JB) 8. Setia Sky 88

CYF.A14/05.15 15 Johor

Current & On-going Projects in JB District by Builders of Visions.

Sunway IGB Corp. Nusajaya Southkey (JB) 1. Citrine@The Lakeview – Medini 1. Mid Valley Southkey

Tmn Molek (JB) 2. Sunway Lenang Heights

Mah Sing Tmn Austin Perdana (JB) IJM Land 1. Austin Perdana Tmn Desa (JB) 1. Austin Duta – Aeon Tebrau City Nusajaya 2. The Meridin@Medini Nasa City (JB) 2. Nasa City Masai 3. Sierra Perdana – Tmn Sierra Tmn Nusa Bestari (JB) Perdana 3. Nusa Duta Gelang Patah Tmn Dato Onn (JB) 4. i-Parc@Tanjung Pelepas - 4. Suriamas Suites Pekajang Larkin 5. Epic – Kg. Muafakat

Masai E&O 6. D’Ambience – Bdr Baru Permas Nusajaya Jaya 1. Avira - Medini

Johor Most of the projects in Johor was confined within the district of JB (32 out of 36), while only account for 2, Kulaijaya and Segamat each has 1 respectively.

While in JB, a great of number of the developments was located near the second-link bridge to Singapore; within the area of Nusajaya and Gelang Patah (western JB). It was noted as well that there is a considerable amount of projects located within the central region of JB.

Some of the big players in Johor include UEM Sunrise (10 projects), SP Setia (8), and IJM Land (7).

CYF.A14/05.15 16

Johor

–

Segamat

East

Perdana

Segamat

(iii) (iii)

Cove

Meridin Bistari

Cove

Putra

Gudang

Bdr Bdr

Bdr

Sebana

MahSing Pasir 1.

Kulaijaya

Segamat IOI Properties IOI 2.

Sebana IJM Land IJM 1.

Kulai

Putra

Bdr

Kulai IOI Properties IOI 1.

going Projects by Builders of Visions Districtsin going (ii) of Visions by Projects Builders of

-

.

Tinggi

Location Location Current On & of (iv) Kota Kota (iv)

CYF.A14/05.15 17

Penang

going Projects by Builders of Visions Penang. in going Visions by Projects Builders of

- Location Location Current On & of

CYF.A14/05.15 18 Perak & Sabah

Location of Current & On-going Projects by Builders of Visions in Perak.

Sunway Sunway City Ipoh (Tambun) 1. Lakeside Mansions 2. Montbleu Residences 3. Serene Villas MRCB Bdr Sri Iskandar (Bota) 1. Puncak Iskandar

Location of Current & On-going Projects by Builders of Visions in Sabah. Mah Sing Kota Kinabalu 1. Sutera Avenue – Kg Sembulan 2. KK Convention City – Jln IJM Land Tun Fuad Stephen Sandakan 1. Bdr Utama – Bdr Tyng

SP Setia Kota Kinabalu 1.

CYF.A14/05.15 19 Negeri Sembilan & Sarawak

Location of Current & On-going Projects by Builders of Visions in NS.

IOI Properties Bahau 1. Bdr IOI Bahau

IJM Land Seremban 1. Seremban 2 2. Seri Binjai - Rahang

Location of Current & On-going Projects by Builders of Visions in Sarawak.

IJM Land Kuching 1. Riverine Diamond – Jln Petanak 2. Yen Yen Park – Tmn Yen Yen

CYF.A14/05.15 20 Melaka

Location of Current & On-going Projects by Builders of Visions in Melaka.

IJM Land Bandaraya Melaka (Melaka Tengah) 1. 1 Lagenda – Tmn 1 Lagenda

Penang Most of the projects in Penang was located on the island (17 out of 21 projects), while the mainland only account for 4 of them. Developments on the island were mainly focused in several areas at the eastern corridor. They include Bayan Lepas, Batu Maung, Gelugor, and Batu Feringghi. Whereas on the mainland, Bukit Mertajam is the current favourite. Main players include IJM Land and SP Setia.

Perak & Sabah Tambun and Bota are two core areas under development in Perak. While KK and Sandakan are the focal points in Sabah.

Negeri Sembilan & Sarawak Projects are centered in Seremban and Bahau in Negeri Sembilan. Whereas Kuching is the crucial zone in Sarawak.

Melaka Bandaraya Melaka within the district of Melaka Tengah is the pivotal region for development in Melaka.

CYF.A14/05.15 21 References

Eastern & Oriental Berhad. (2015) Properties, [Online], Available: https://www.easternandoriental.com/properties.php [8 May 2015].

IGB Corporation Berhad. (2013) Residential & Commercial, [Online], Available: http://www.igbcorp.com/residential_f.html [8 May 2015].

IJM Land Berhad. (2015) Our Projects, [Online], Available: http://projects.ijmland.com/ [8 May 2015].

IOI Properties Group Berhad. (2015) Properties, [Online], Available: http://www.ioiproperties.com.my/ [8 May 2015].

Mah Sing Group Bhd. (2015) Lifestyle We Built, [Online], Available: http://www.mahsing.com.my/Projects [8 May 2015].

MRCB Land. (2015) Home, [Online], Available: http://www.mrcbland.com.my/ [8 May 2015].

S P Setia Bhd Group. (2015) Properties, [Online], Available: http://www.spsetia.com.my/corporate/our-products.asp [8 May 2015].

Sunway Property. (2014) Malaysia Properties, [Online], Available: http://www.sunwayproperty.com/ [8 May 2015].

UEM Sunrise Berhad. (2013) Our Projects, [Online], Available: http://www.uemsunrise.com/v2/ [8 May 2015].

UOA Group Berhad. (2015) Properties, [Online], Available: http://uoa.com.my/residential/ [8 May 2015].

CYF.A14/05.15 22 Contact Us

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CYF.A14/05.15 23 International Affiliations

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CYF.A14/05.15 24 Raine & Horne International Zaki + Partners www.raineandhorne.com.my Perpetual 99, Jalan Raja Muda Abdul Aziz, 50300 Kuala Lumpur Tel: 03-2698 0911 Fax: 03-2691 1959 Email: [email protected] Company No. 99440-T, VE (1) 0067