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Penang Hill Bungalows S TEP 2 FRIDAY NOVEMBER 18, 2016 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from TheEdgeProperty.com Matrix Concepts With an estimated gross develop- ECOWORLD achieves RM506 mil ment value of RM1.8 billion, the de- (Clockwise from velopment is located in Batu Kawan back left) EcoWorld sales in 1HFY17 on mainland Penang, just 1km away chairman Tan Sri Liew The Edge Property Negeri Sembilan-based developer from the Second Penang Bridge and Kee Sin, EPF CEO Datuk Matrix Concepts Holdings Bhd is on the North-South Highway. Shahril Ridza Ridzuan, Malaysia track to achieve its RM1 billion sales Speaking at the preview of the EPF head of domestic target as the company has recorded development in Shah Alam on Nov and regional real RM506.4 million sales in the fi rst six 15, Paramount group CEO Jeffrey estate, private markets months of its current fi nancial year Chew said the development marks department Mohd Auzir ending March 31, 2017. the company’s debut in the Penang Zakri Abd Hamid, and “Leveraging on our strategic lo- property sector. Utropolis Batu Ka- EcoWorld president and cation and track record of delivering wan is expected to duplicate the suc- CEO Datuk Chang Khim distinctive yet affordable homes, cess of Utropolis Glenmarie in Shah Wah at the signing Matrix Concepts intends to launch Alam, Selangor which was launched ceremony. Publisher and Group CEO RM550 million worth of new pro- in 2013, he added. Ho Kay Tat jects for the rest of FY17. We believe The integrated development will The 1,400-acre Eco Grandeur that the best is yet ahead,” said its be divided into four phases. It will EcoWorld and EPF was recently launched in Septem- chairman Datuk Mohamad Haslah comprise residential, commercial, to jointly develop ber while Eco Business Park V is Mohamad Amin in a statement. retail and hotel components as well Eco Grandeur and expected to be launched next year. Matrix Concepts has launched as a new fl agship campus for KDU EPF will subscribe to a 40% stake a total of RM727.4 million worth Penang University College, which is Eco Business Park V in the joint-venture (JV) company The Edge Property Sdn Bhd (1091814-P) of projects in the fi rst half of FY17, owned and operated by Paramount’s Eco World Development Group Paragon Pinnacle Sdn Bhd and will Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 comprising residential and com- education division. Bhd (EcoWorld) and the Employees provide shareholders’ advances of Petaling Jaya, Selangor, Malaysia mercial properties in Negeri Sem- Provident Fund (EPF) will jointly RM367 million to fund the develop- bilan and Johor. develop Eco Grandeur and Eco Bu- ments while EcoWorld will put up Unbilled sales for the fi rst half siness Park V in Kuala Selangor, RM175 million of the same. EcoWorld Th eEdgeProperty.com of FY17 stand at RM765.3 million, following a subscription and share- will also be appointed as the develop- Managing Director/Editor-in-Chief which will be recognised until 2018. holders agreement inked by both ment manager for the projects which Au Foong Yee For 1HFY17, the group recorded parties. will be marketed as Signature EcoW- EDITORIAL revenue and net profi t of RM421.1 Eco Grandeur and Eco Business orld developments pursuant to a de- Editor Lam Jian Wyn million and RM98.4 million re- Park V are situated on 2,198.4 acres of velopment management agreement Contributing Editor Sharon Kam spectively, representing a growth leasehold land in Kuala Selangor and and a brand licence agreement to Deputy Chief Copy Editor James Chong of 74.1% and 61.5% from the corre- are worth an estimated RM15 billion. be entered into with the JV company. Senior Copy Editor sponding period a year ago. Mitsui Outlet Park Shanthi Murugiah to become Southeast Writers Rachel Chew, Tan Ai Leng, 2018, would see the mall hosting 190 of service-based tenants,” he said. Natalie Khoo, Shawn Ng, Lum Ka Kay Asia’s biggest outlet Art Director Sharon Khoh Paramount debuts in shops from the 130 at present. Investment for the three phases Design Team Nik Edra, mall “Phase 2 will introduce more of Mitsui Outlet Park KLIA is estimat- Nurul Aida Mohd Noor, Henry Lee Penang with Utropolis Batu Kawan The Mitsui Outlet Park Kuala Lumpur premium brands with increased of- ed to cost RM335 million, Bernama For New Launches/Events/ International Airport (KLIA) will ferings of luxury international and reported. Press Releases/News Tips Paramount Corp Bhd’s property arm become Southeast Asia’s biggest local brands in fashion, cosmetics, Mitsui Outlet Park was offi cially email: propertyeditor@bizedge.com has launched its fi rst development outlet mall by 2021 once its phase 3 sports and accessories with the di- launched on July 29 last year. The Tel: 03-7721 8211 Fax: 03-7721 8280 Email: propertyeditor@bizedge.com in Penang, the 44.3-acre Utropolis expansion is completed. versifi cation into entertainment and development currently has approx- Batu Kawan university metropolis Malaysia Airports Holdings Bhd amusement, as well as the inclusion imately 24,000 sq m of retail space. ADVERTISING & MARKETING development. chairman Tan Sri Wan Abdul Aziz Wan Head of Marketing and Sales Abdullah said the second phase ex- Sharon Chew (012) 316 5628 How do I get past issues of this weekly pullout? Senior Account Managers pansion, which is set to be completed in Cecilia Too (012) 319 7666 Go TheEdgeProperty.com Jayne Law (016) 929 3309 trending to download for free Account Managers Jayremy Sim (011) 1669 6039 now Jocelyn Poo (012) 611 5626 Marketing Support & Ad Traffi c Madeline Tan (03) 7721 8218 email: mkt.tep@bizedge.com If you have any real estate-related events, email us at propertyeditor@bizedge.com. Email : mkt.tep@bizedge.com LAUNCHES + EVENTS Events listed here will also appear on TheEdgeProperty.com. NEGOTIATOR ADVISORY SERVICE Senior Manager Elizabeth Lay Energy Effi cient For Life Senior Associate Stannly Tan Aster 2, freehold double storey discounts and rebates for purchasers Associate Karen Wong showcase terraced houses and semi-dees during the road tour period. Date: Nov 16 to 20 (Wed to Sun) in Seri Austin, Johor Bahru. The For enquiries and listings Find Your Child’s Talent email: propertysupport@bizedge.com Time: 10am to 10pm full-day event will be fi lled with GL: (03) 7721 8175/ 8172 Venue: High Street Centre many activities such as dance by EcoWorld Email: propertysupport@bizedge.com Court, 1 Utama Shopping performances, lucky draws, horse Date: Nov 19 and 20 (Sat and Sun) Centre, Lebuh Bandar Utama, riding, rock painting, a giant Time: 10am onwards TheEdgeProperty.com pullout is Bandar Utama, Petaling Jaya balloon show and lion dance. Venue: EcoWorld Gallery @ Eco published by The Edge Property Sdn Contact : (03) 4041 1979 Time: 10am to 6pm Meadows, Jalan Paboi, Mukim 14, Bhd. It is available with The Edge The Energy Effi cient For Life Venue: TimurBay Sales Gallery, Daerah Seberang Perai Selatan, Financial Daily every Friday. The pullout is also distributed at more showcase aims to spark public Jalan Kuantan-Kemaman, Simpang Ampat, Penang than 200 offi ces, shopping complexes, interest in the importance of Sungai Karang, Kuantan Contact: (04) 510 2255 condos, medical centres, F&B outlets energy effi ciency with fun and Contact: (09) 544 8833 EcoWorld is organising a children’s and LRT stations in the Klang Valley. educational activities for adults Head over to TimurBay Sales development mini fair this weekend You can also download it for free at www.TheEdgeProperty.com and children. Activities include Gallery to enjoy Pokemon- in Penang with an exhibition collecting stamps from exhibition themed fun activities organised of arts, dance, music and other booths to redeem gifts, clay by OSK Properties. Snacks will relevant pre-school talents. Th e Edge Malaysia craft and a balloon-powered also be served at the gallery Avanti Residences Mahogany Park poolside EDITORIAL car challenge. The event is which has been decked out in Editor-in-Chief Azam Aris organised by the Building Sector Pokemon-themed decorations road tour 2016 BBQ buff et CORPORATE Energy Effi ciency Project, a for this month-long event Date: Nov 15 to 20 (Tues to Sun) Date: Nov 19 (Sat) Chief Operating Offi cer Lim Shiew Yuin ADVERTISING & MARKETING national project implemented by which will end this weekend. Time: 9.30am to 9.30pm Time: 5pm to 9pm Chief Commercial Offi cer the Public Works Department, Venue: Atria Shopping Gallery, Venue : Impian Golf & Country Sharon Teh (012) 313 9056 administrated by the United Aster 2 offi cial launch Damansara Jaya, Petaling Jaya Club, Saujana Impian, Kajang General Manager Nations Development Date: Nov 19 (Sat) Contact: (017) 755 7768 Contact: (03) 8733 3326 Kingston Low (012) 278 5540 Senior Sales Managers Programme and funded by the Time: 10am to 4pm Johawaki Development Sdn Bhd Developed by Sime Darby Property, Fong Lai Kuan (012) 386 2831 Global Environment Facility. Venue: Aster 2 showhouse @ is having a six-day road tour Mahogany Park is a high-rise Gregory Thu (012) 376 0614 Seri Austin, Jalan Seri Austin, for its newly introduced Avanti residence located next to the Kamalesan Parama (012) 394 4855 OSK Properties’ Go Michael Tan (012) 213 0252 Taman Seri Austin, Johor Bahru Residences comprising double- clubhouse of Impian Golf & Country Creative Marketing Timurbay Contact: (07) 354 1111 storey linked houses with 6 Club. The developer invites all Chris Wong (016) 687 6577 Date: Oct 22 to Nov 20 Dynasty View Sdn Bhd invites bedrooms. Besides information on to the project for a poolside BBQ Head of Marketing Support & Ad Traffi c (Sat to Sun) all to the offi cial launch of the project, there will be special party.
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