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July 2017 from 10Am to 10Pm JULY 2017 ISSUE 149 RM8.50/S$8 07 872006 9 771823 Editor Roshan Kaur Sandhu Writer Reena Kaur Bhatt Head of Creatives Angeline Lim Senior Graphic Designers Wing Wong Jason Kwong Junior Graphic Designer Rechean Soong Ad Operations Executive Nur Alia Ahamd Tamezi Intumathy Nadarajah CEO REA Group - Asia Henry Ruiz CEO iProperty.com Malaysia Haresh Khoobchandani & Singapore General Manager (Marketing) Wong Siew Lai General Manager (Agent Sales) Leon Kong General Manager (Developer Sales) Sean Liew General Manager (Data Services) Premendran Pathmanathan Group Regional Finance Director Esther Monks Chief Information Officer Harmit Singh Head of Media Sales & Ad Ops Martin Goh Head of iProperty TV Jonathan Ong General Manager (Sales & Marketing) Vincent Sim iProperty.com Singapore Head of Marketing & Content, Leslie Lin iProperty.com Singapore iProperty.com Malaysia Sdn Bhd (600850-K) Suite 11.01, Level 11 Menara IGB Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia Phone: (603) 2264 6888 Fax: (603) 2264 6900 Sales enquiries: [email protected] Editorial matters: [email protected] General enquiries: [email protected] Subscription: [email protected] International Property: [email protected] iProperty.com Malaysia Sdn Bhd (Johor) A-2-7, Pusat Komercial Bayu Tasek Persiaran Southkey 1, Kota Southkey 80150 Johor Bahru, Johor iProperty.com Malaysia Sdn Bhd (Penang) Bay Avenue D-25-3, Lorong Bayan Indah 2 Bayan Lepas, 11900 Penang /iProperty.com Malaysia /iProperty_com /iProperty.com Malaysia /myiproperty Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for 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. 4 PB CEO’S FOREWORD A NEW ERA in Property Search Innovation has always been a key driving force behind everything we do and making the property search easy is a core priority for us at iProperty Group. As such, in line with our mission to change the way the world experiences property, we have enhanced our website and also mobile app to deliver a seamless search experience. It’s a new era in online property search and we are the first in Malaysia to give you, our valued consumers, access to sub sale and new developments in one search. The enhanced website and mobile app is the go-to platform for anyone who is searching for their dream home or next investment. The iProperty.com Malaysia app is available for download via the Apple App Store or Google Play Store. Existing users can simply update their current app to access the new version. Do also visit our website, www.iproperty.com.my to see the fantastic enhancements made. You can now obtain information on recent transacted prices, average rental yields, average price per square foot HARESH KHOOBCHANDANI and demand trends for many sub sale properties. These features will be CEO - iProperty.com Malaysia & Singapore added on to the mobile app soon. Aside from this, we are gearing up to celebrate and honour real estate professionals and agencies in the country via our inaugural iProperty.com Agents Advertising Awards. Held for the third consecutive year, the event is truly the Oscars of the real estate industry. In this issue of the magazine, our pick of the month is KL North. Find out more on pages 34 to 38. Also, the most awaited iProperty.com Malaysia Bumiputera Home & Property Fair will be held at NU Sentral Shopping Mall, Kuala Lumpur from 3rd till 9th July 2017 from 10am to 10pm. This 7-day event will feature new launches and the latest developments from leading developers across the region. For Bumiputera property purchasers, we have special deals for you! We look forward to seeing you there! Enjoy the read! PB 5 Editor’s note Contents Firstly, it gives me great pleasure to extend my warmest congratulations to Henry Ruiz, the new CEO of REA Group Asia. I am certain that under his leadership, wisdom and guidance, we will strive to much greater heights and achievements. I am particularly excited to share this issue of the magazine! You will notice that the magazine’s layout has been revamped with a fresh new design. Because in print we must provide something beautiful and interesting to make it worth it. Hope you like our new look! This month we focus on KL North 53 which covers areas like Sentul and Setapak which are slowly turning into desirable neighbourhoods. 5 Our analysis in the iPropertyiQ CEO’S FOREWORD PICK OF THE MONTH: section covers Selangor’s sub- 6 EDITOR’S NOTE KL NORTH sale market and Premendran 34 KL North: Hotspots to watch 10 HAPPENINGS Pathmanathan, Data Services GM, 37 Realtor’s perspective: of iProperty Group highlights key Opportunities abound in KL North findings, transaction patterns and COVER STORY popular products. 14 Albury@Mahkota Hills – The In many developing countries, perfect blend between suburban iPROPERTYiQ.COM living and urban highlights such as Malaysia, cities have grown 39 Selangor sub-sale market: far beyond anything imagined and A closer look one of the challenges is the threat and possible emergence of urban EVENTS slums. Reena Kaur Bhatt explores 18 IQI Global to set up regional hub in RESEARCH DATA OKR this issue on the potential downside 46 Rahim & Co: Kuala Lumpur to the influx of high rise properties 20 GREEN paints the night Property market review 2016/2017 in the Klang Valley on page 50. 22 Johor’s Home & Property Fair: A Are you curious about the Feng smashing success Shui principles that apply when POINTS OF INTEREST 26 The 2017 iProperty.com Agents shifting into your new premises? 50 Urban Slums: A growing concern Advertising Awards is set to Master Paw Sandy shares some recognise real estate professionals 53 ‘Live-Work-Play’ rental properties – and agencies interesting tips on this. To find our Will it fly in the Klang Valley? more, flip on to page 100. 28 iProperty.com unveils enhanced 56 Is Rent-To-Own the answer to IOS and Android mobile apps Till next month! home ownership? 60 Tools of the trade Best regards INDUSTRY UPDATE 62 The Green Incentive 30 MIEA: Creating a bigger voice together Roshan Kaur Sandhu Contents 66 INTERNATIONAL SECTION 66 INTERNATIONAL NEWS Happenings 68 INTERNATIONAL FEATURES – BRIEFS 5 Common mistakes you should avoid when buying your home 72 SINGAPORE NEWS Happenings RESEARCH DATA 76 Asia-Pacific residential review AGENT’S VIEWS 76 86 There’s no stopping VivaHomes Realty 90 SPOTLIGHTS OF THE CONSUMER AWARENESS AGENT’S ADVICE MONTH 102 How to make a rental look like its 88 High end residential market: your own 2017 Trends, demand & potential 104 5 Sustainable flooring options 91 SUPERSTAR AGENTS 108 Top tips for planning your new kitchen REGULARS 110 Leaf love: The best plants to grow 94 HOUSE BUYERS’ ASSOCIATION in your bedroom Shocking 304 EOTs issued by the controller of housing 115 CLASSIFIEDS 98 DATO’ JOEY YAP When “Good Luck!” is not good enough 120 SUBSCRIPTION 88 100 MASTER PAW SANDY House Moving In Ceremony - What, how & why HAPPENINGS “We are focused on creating Henry Ruiz confirmed innovative consumer products and as CEO of REA Group drive better value for our customers. Asia This includes the launch of new iOS and Android apps in Hong Kong, Malaysia and Indonesia in the last few months which leverages the leading experiences we’ve created REA Group has confirmed the in Australia to help people search for appointment Of Henry Ruiz as CEO, their dream home.” REA Group Asia effective immediately. Henry Ruiz, CEO REA Group Ruiz, who has been acting in Asia said, “The chance to transform this position since March 2017, is the way people search for and buy responsible for the Group’s Asia Commenting on Ruiz’s homes in a region which is still so business including iProperty Group appointment, Fellows said, “Asia is a early in its transition to digital real across Southeast Asia and Chinese key region in our long-term growth estate advertising is very exciting. property site myfun.com. strategy and Henry has made a big Our purpose is to change the way Ruiz reports to REA Group CEO contribution since he took on the the world experiences property and Tracey Fellows and retains his position interim role. He is well placed to we have a real opportunity to do this on the Board of PropTiger, the Group’s continue to lead our Asia business in Asia.” joint entity in India. and execute our regional strategy.” S P Setia appoints Shangri-La as hotel operator for luxury development in Melbourne When it is completed in 2022, it is expected the luxury five-star Shangri-La By The Gardens hotel will feature an estimated 500 guest rooms with three levels of amenities, including a sky lobby, restaurants, spa, fitness centre, pool and a state of the art ballroom. The second tower named “Sapphire By The Gardens” will include some 300 luxury residential apartments as well as office space. A sky bridge will connect the two towers, and retail space will occupy the lower levels of the development.
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