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Friday, august 21, 2020 . issue 3131/2020 . PP19055/06/2016(034530) DIGITAL

ep ep Malaysia Virtual Property Win Expo 2020 weekly pr04operty 08news prizes chat worth over IRRESISTIBLE RM10,000! Proposed PREC working Residential Tenancy with tenants deals!!! Click to check it out! Act: Putting an end to bring retail to tenancy woes? business online VPEX.EdgeProp.my 7 Aug – 20 Sept 2020 From satay town to property hotspot

The MRT has worked its magic on , while the upcoming expressways are expected to enhance its connectivity. See Pages 6 and 7.

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Vacancy tax to be E dgeProp.my | imposed on developers as early as 2021

Low Yen Yeing Low The Housing and Local Government Ministry tax as early as next year, according to a (KPKT) is formulating a tax that could be news report on The Malaysian Reserve. imposed on developers who fail to sell their She believes the move is necessary properties as early as early next year, in an as many housing units that obtained the effort to reduce overhang of residential units Certificate of Completion and Compliance in the country. (CCC) have taken more than one year to be Minister Zuraida Kamaruddin said filled due to various reasons, whether the The Edge Property Sdn Bhd the introduction of the tax could also developers are unable to sell or buyers fail to (1091814-P) Level 3, Menara KLK, induce developers to be more sensible and move in. No. 1 Jalan PJU 7/6, Mutiara responsible in the projection of their projects, “In the future, they will do better Damansara, 47810 , particularly high-rise developments. projections when they develop houses, , Malaysia She added that the introduction of the while ensuring the projects’ viability and vacancy tax does not require Parliament’s developments that could attract buyers, EdgeProp.my approval as no amendment to the existing and not just develop as they wish. With this Act is needed. Once the tax is approved by the preventive measure, they can plan better,” Managing Director/Editor-in-chief Au Foong Yee Cabinet, KPKT will look at implementing the she noted.

Editorial Assistant Editor Tan Ai Leng Deputy Chief Copy Editor James Chong Mustapa: Retail Senior Writer Rachel Chew sector to recover Writers Natalie Khoo, Chin Wai Lun, in 2H2020

Chelsey Poh The retail sector is expected to recover KL33 Pro pe rti es Jun Kit Senior Designer in the second half of the year boosted For New Launches/Events/ by local consumption, with sales like- Press Releases/News Tips Malaysia email: [email protected] ly to recover to 80% of pre-Covid-19 Tel: (03) 7721 8211 Fax: (03) 7721 8280 levels in the fourth quarter from the Virtual Property 70% currently, Minister in the Prime Advertising & Marketing Expo 2020 Associate Account Director, Minister’s Department Datuk Seri Advertising & Marketing Mustapa Mohamed said. Heidee Ahmad (019) 388 1880 VPEX 2020 visitors who make enquiries Senior Account Managers “Subject to the second lockdown, Ian Leong (012) 359 1668 the sector will be normalised, with about any participating project stand to WIN Cecilia Too (012) 319 7666 local consumption to be the growth including Marketing Support & Ad Traffic driver for the country,” he told report- attractive prizes worth over RM10,000 Madeline Tan (03) 7721 8218 email: [email protected] ers after a closed session with retail- Panasonic home appliances and weekly ers at Sunway Pyramid mall recently giveaways of the Strata OMG 2.0 – Owner’s Business Development Mustapa also said that the coun- KL33 Properties Manager Nimalen Parimalam (014) 324 3193 try’s unemployment rate has im- Manual & Guidebook by EdgeProp.my introduces proved. AGENCY SALES and Chur Associates. industry’s first Sales Manager Malaysia’s June 2020 unemploy- Stannly Tan (012) 538 1687 ment rate declined month-on-month Covid-19 secure Prospective homebuyers can also find out how Product Development to 4.9% from a record high of 5.3% in office & Customer Advisory May 2020 as more sectors, including much they can borrow by using the Loan Check KL33 Properties recently unveiled the Associates the services industry, reopened to first ‘Covid Secure’ office space at Me- Omar Nawawi (012) 537 1687 tool at VPEX 2020. Nazrin Hakimin (017) 368 6061 revive the country’s economy. nara KL33, an integrated commercial building located in Kuala Lumpur For enquiries and listings email: [email protected] Click to visit Golden Triangle. Tel: (03) 7733 9000 E-Tanah system The fully furnished ‘Covid Secure’

EdgeProp.my e-Publication to go nationwide VPEX.EdgeProp.my now! office spaces are specifically recon- is published by The Edge Property The e-Tanah system, a digital inte- figured and retrofitted according to Sdn Bhd. Download it for free at grated application developed to carry the six feet social distancing rule www.EdgeProp.my out electronic land administration to prioritise the safety, health and matters, will be extended nationwide wellbeing of occupants and tenants. The Edge Malaysia in the near future. RM53.3 million to set up a new man- KL33 Properties executive director Energy and Natural Resources ufacturing facility. Tropicana Corp 2Q Tan Kok Leong said besides meeting Publisher and Group CEO Minister Datuk Dr Shamsul Anuar Located at Bandar , profit rises after the changing requirements of the Ho Kay Tat Nasarah said the effort to digitalise the 518-acre EBP V development is disposal of JB land workplace, ‘Covid Secure’ office con- Editorial land administration using the system Eco World Development Group Bhd’s Tropicana Corp Bhd’s second quar- cept also provides an environment Editor-in-chief Azam Aris would provide convenience to the fourth business park development. ter net profit jumped 371% from the that instills confidence that it is safe Corporate Chief Operating Officer people when carrying out land-re- EcoWorld Malaysia president and immediate preceding quarter, thanks to come back to the office again. Lim Shiew Yuin lated dealings. CEO Datuk Chang Khim Wah said to the disposal of two parcels of free- Advertising & Marketing “I hope what we do will benefit all Baosteel Malaysia’s decision to es- hold land in Johor Bahru for RM248.1 Chief Commercial Officer and the Cabinet has agreed for the tablish its business here will con- million. Get breaking Sharon Teh (012) 313 9056 system to be implemented through- tribute in offering quality employ- The group’s recent bourse filing property General Manager news delivered Fong Lai Kuan (012) 386 2831 out the country. The system is expect- ment opportunities for the people of showed its net profit for the quarter to you daily via Senior Sales Manager ed to be launched this year,” he told Selangor. ended June 30, 2020 (2QFY20) rose Gregory Thu (012) 376 0614 WhatsApp! Head of Marketing the media recently to RM24.29 million from the RM5.16 Support & Ad Traffic million in 1QFY20. To subscribe Lorraine Chan (03) 7721 8001 Revenue jumped 135.2% quar- 1. Add +6018 290 2116 Shanghai-listed ter-on-quarter to RM335.67 million to your contact Baosteel’s Malaysia from RM142.73 million, following the list as EdgeProp i a or ld malays

w disposal of the land. News. Or scan

unit acquires land o On a year-on-year basis, the net this QR code. at Eco Business ec profit was down 37.76% compared 2. Send us a WhatsApp with Park V with RM39.02 million in 2QFY20, "NEWS" and your full Baosteel Can Making (Malaysia) Sdn while revenue rose 12.1% from name in the message. Bhd (Baosteel Malaysia) has pur- RM299.45 million. chased a 16.32-acre industrial land in the Eco Business Park V (EBP V) How do I get past issues of this weekly e-Publication? project for a cash consideration of Go to www.EdgeProp.my to download for free! EP 3 Friday august 21, 2020

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EP 4 Friday august 21, 2020 property chat Proposed Residential Tenancy Act: Putting an end to tenancy woes?

he National House Buyers As- who continue staying on a property but of neighbours and residents within a de- sociation (HBA) refers to recent refuse to pay rent or who do not maintain By datuk Chang velopment? What about the rights of resi- media reports where Housing the property or damage the fixtures and fit- Kim Loong dents’ associations in gated-and-guarded and Local Government Min- tings, leaving the property in a “war-zone” communities and management bodies for ister Zuraida Kamaruddin has condition. stratified properties which are sometimes proposed to introduce a Res- At the other end of the spectrum, there are courts of law to recover payments or enforce inadvertently involved in tenancy disputes? idential Tenancy Act (RTA) which is to be landlords who raise rents arbitrarily, refuse their rights under their tenancy agreements, HBA is concerned with the intended scope Ttabled in Parliament next year. to rectify repairs in their properties which which can be costly. The rental arrears or of this RTA as it also aims, as was reported, If the RTA is to be made law, top of its may be in dilapidated conditions, withhold deposits owing may be less than the legal to cover matters such as “rent control” for objectives must be to protect the legitimate tenants’ security deposits without reason, or fees incurred under disputes for such claims. housing areas and perceived racist practices interest of landlords against errant tenants and find excuses to deduct non-existent damage In addition, should short home-stay pro- on potential tenants. protect tenants against irresponsible landlords. to lessen refunds to tenants. grammes such as Airbnb come under the HBA is of the view that the proposed RTA, From HBA’s observation, many landlords Currently, both landlords and tenants RTA, when occupants of these properties should not include both of these areas for have problems evicting recalcitrant tenants need to institute legal actions through the flout management rules, incurring the wrath the below reasons.

Owners have the right to choose their tenants Landlord and Tenant Every house owner must have the right to choose whom they want to rent to. Dif- Dispute Tribunal ferent owners have different criteria based on their past experiences and individual If the law is going to be passed, it is neces- preference, and whilst HBA does not support using race as a criterion, the fact re- sary to protect the interests and regulate mains that the landlord should not be compelled to rent to a tenant he or she does tenancy practices of both landlords and not wish to. It is the prerogative of landlords to choose their tenants. Choosing or tenants alike. The RTA should provide a profiling is a methodical risk management practice based on quantifying qualitative much-needed solution to the problems in attributes of tenants. One can’t possibly be expected to rent to a potential tenant the tenancy segment. We suggest institut- who is problematic from the onset. ing a quasi-court in the form of a Tenancy The proposed RTA cannot take away the indefeasible rights of property owners Tribunal for certain in trivial disputes as an which include the right to dispose and lease/rent the property to anyone of their alternative dispute resolution to the current own choosing. courts of law, which are not only expensive, Instead, HBA calls for the minister to ensure that the rights of both tenants and but also time consuming. Rental is always based landlords are protected in the following key areas under the proposed RTA: on free market Rental is a private commercial arrangement Enforcing compliance between a willing tenant and a willing land- Tenants Landlords Last but not least, if there is seriousness in lord and the government should not inter- proceeding with the RTA, we suggest that fere in such arrangements. The government close monitoring of landlords and tenants would be sending a very wrong message to be carried out perhaps by a system to iden- the investing public at large by trying to in- tify errant landlords and wayward tenants. terfere in such private rental arrangements. Such information, or rating of landlords and If the government is going to interfere tenants via a black-listing/rating system/ with rental for residential housing, there database should be then made available will be calls for the government to also in- to the market, to assist other landlords and terfere in rental for commercial properties. Right to occupy the property during Tenant must vacate the said property potential tenants in their decision-making The government will then be forced to cap the term of the tenancy agreement so if the tenant has defaulted in rental before executing a tenancy agreement. The rentals for even shopping malls, food courts, long as the tenant continues to pay rent payments as provided for in the tenancy question is whether the ministry is capable restaurants, office buildings, etc, and this without fail agreement of undertaking the additional tasks. will definitely drive away all local and for- Right against the landlord to raise rent Landlord can raise rental as provided eign investors. arbitrarily during the tenancy period for in the tenancy agreement, and if the It was reported that one of the reasons which is not provided for in the tenancy tenant cannot afford the revised rate, the the government wants to cap rental is to agreement tenant must vacate the property exert some control for low-cost housing projects. The minister was reported to have Landlords to make all major repairs of Right of landlord to deduct or withhold said: “Some irresponsible ones have been the property to ensure that the tenant the rental or security deposit in the charging higher rates to foreigners”. dwells in a safe and secure environment event the tenant has caused damage to HBA wishes to remind the minister that the property low-cost housing is meant for owner occu- pation and not allowed to be rented out. To Right to a timely and full refund of Right of the landlord to deduct or say that the government is allowing low-cost all security and rental deposits after withhold the rental or security deposits properties to be rented out, what more to deducting for any repairs that may be in the event the tenant has outstanding foreigners, is a betrayal of the purpose of caused by the tenant during the tenancy utility bills such as water, electricity, building such low-cost housing properties period. sewage or telephone charges in the first place, which is to provide a roof Datuk Chang Kim Loong is for the poor and should not be used for Perhaps the RTA should incorporate the common terms already in use in most the Hon. Secretary-General property speculation. of the tenancy agreements in Malaysia with additions for better safeguarding of of the National House HBA has been calling for stricter enforce- both the landlord and tenant. The RTA should strive to have standard terms and Buyers Association (HBA). ment of existing rules to ensure that low-and conditions for a tenancy agreement where the rights, duties and remedies are bal- HBA can be contacted at: also medium-cost properties are not rented anced between the landlord and tenant as well as the quantum of security deposits, Email: [email protected] out to third parties and are allocated to the tenure of tenancies and options thereof. Website: www.hba.org.my correct target group. Tel: +6012 334 5676 EP 5 Friday august 21, 2020

Malaysia Virtual Property Expo 2020

VPEX.EdgeProp.my 7 Aug – 20 Sept 2020

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By RACHEL CHEW

ajang is more than just a satay and hot pepper soup town. Located in the south eastern part of Selangor, it is about 20km from Kuala Lumpur and less than a 15-minute drive from Putrajaya and . These days, the once-sleepy town has trans- KAJANG Kformed into a mature and vibrant address that many city folks call their home, thanks to the completion of the -Kajang MRT line in July 2017, A mature and which has encouraged even more property devel- opment activities in Kajang over the past few years. Kajang houses three MRT stations, namely Sungai Jernih, Stadium Kajang and Kajang. Besides MRT lines, the completion of several vibrant address highways has complemented the main artery, North South Expressway, such as the Kajang Dispersal Link Expressway (SILK), Expressway Lingkaran Tengah or North-South Central Link (ELITE), the Average prices for residential Cheras-Kajang Highway, the new South Valley Expressway (SKVE), the Kajang-Seremban Highway properties in Kajang (LEKAS) and Cheras-Kajang Expressway (CKE). haris hassan | THE EDGE Absolute Volume Absolute Volume Currently, there are two more new highways 800 price Landed 1,500 290 price Non- 1000 under construction: the East Express- (RM ‘000) (RM ‘000) landed way (EKVE) and Sungai Besi- Elevated Expressway (SUKE), and when completed, will 1,200 270 800 ease travelling to and from Kajang and other parts 700 of the Klang Valley. 900 250 600 The property development history of Kajang dates back to the 1980s when MKH Bhd launched 600 230 400 its Taman Bukit Indah township in 1981 and later 600 Taman Bukit Mewah. Thereafter, , an upmarket residential estate with individual- 300 210 200 ly-designed-and-built bungalows as well as a golf Tang: The ready and country club was launched in 1992. availability of other 500 0 190 0 “Capitalising on the substantial price differ- amenities like shopping ‘15 ‘16 ‘17 ‘18 ‘19 ‘15 ‘16 ‘17 ‘18 ‘19 ence between property prices in Kajang and that malls, schools and RM256 RM292 RM313 RM296 RM288 RM211 RM221 RM218 RM249 RM276 of Kuala Lumpur and Petaling Jaya, several other recreational amenities developers have launched modern townships in will give Kajang a Price RM psf against land size Price RM psf Kajang to attract house buyers from not only near- definite edge EdgeProp Research EdgeProp Research by areas but also KL and Petaling Jaya (PJ),” Henry Butcher (M) Sdn Bhd chief operating officer Tang Henry Butcher’s Tang says Kajang’s res- Chee Meng tells EdgeProp.my in an interview. idential property price is on a healthy up- The Kajang MRT Similarly, KGV International Property Con- trend. station was sultants (M) Sdn Bhd Anthony Chua shares that “Taking 2-storey terraced houses as an completed in Kajang started to expand when house prices in KL example, areas such as TTDI Grove Ka- July 2017. and PJ were moving rapidly upwards. jang’s current transacted prices are be- “Due to the spillover effect, property developers tween RM700,000 and RM720,000, while the bought tracts of land and began constructing hous- transacted prices back in 2013 were around es. With the affordable house price range, many RM580,000 to RM620,000. Taman Kajang choose to live in Kajang but work in other places Consultants believe Perdana homes have transacted at around such as KL, PJ and Subang,” says Chua. Kajang’s residential RM400,000 to RM450,000 while the prices According to EdgeProp Research, Kajang’s land- property price is on a in 2013 were at RM280,000 to RM355,000. ed residential average property price has appreci- healthy uptrend. Places like Taman Kajang Mewah are going ated 17% to RM629,093 or RM288 psf (against land around RM330,000 to RM380,000 for 2-storey size) from 2015 to 2019 while non-landed residen- terraced houses. Back in 2013, these houses tial property price has grown 37% to RM280,936 were transacting at around RM255,000 to or RM276 psf over the same period. RM275,000,” Tang offers. CONTINUES NEXT PAGE → pictures by Low Yen Yeing | EdgeProp.my EP 7 Friday august 21, 2020 cover story

all pictures by Low Yen Yeing | EdgeProp.my

← from previous PAGE More upmarket developments Kajang is in a strategic location within the south- ern part of the Klang Valley. In fact, it is smack in the centre of four fast-growing areas — Batu 9 to , Serdang, and Bangi. “Kajang is a promising market and has been developing rapidly over the past decade, hence available development land is decreasing in Kajang. And this is one of the reasons new developments are found mainly to the east towards Semenyih and Bangi, where new quality townships are be- ing developed there. There are more new upmar- ket developments sprouting up between the Ka- jang-Bangi corridor,” KGV International Property Consultants’ Chua shares. Newer township developments Chua: Kajang in Kajang have is a promising attracted young market and has homebuyers and been developing upgraders. rapidly over the past decade. erty Consultants (M) Pro p erty Consultants Latest residential projects in Kajang Project Developer Name/phase Comple- Building type Min price Max price name tion (RM) (RM)

Kajang 2 MKH Bhd Precint 2 (Midori & Hiroki) 2020 Terraced/superlink 739,000 850,000 “Kajang is, in my view, more established and dynamic compared to Bangi, Bandar Mahkota Jade Hills Gamuda Bhd The Lakes 2020 Bungalow 3,036,000 4,730,800 Cheras and Serdang, although they are catching Rymba Garden (Link villas) 2020 Terraced/superlink 1,576,560 2,187,360 up, thanks to the spillover effect. The superb infra- Rymba Garden (Semidee) 2020 Semidee 1,809,360 2,152,560 structure and availability of so many educational institutions such as Universiti Tenaga Nasional, Kajang East MKH Bhd Precint 1 Phase 2 2020 Terraced/superlink 998,400 1,531,400 New Era University College and Kuala Lumpur Putra Orchard Circle Sdn NA 2020 Serviced residence/ 664,860 1,477,975 Infrastructure University College, provide strong Platinum Bhd serviced apartment reasons for house buyers to make their home in Nexus MKH Bhd Residensi Prima 2022 Apartment/flat 374,400 496,275 Kajang as well as invest there. Furthermore, the Kajang ready availability of other amenities like shop- Nexus Tower B 2022 Serviced residence/ 405,000 450,000 ping malls, schools and recreational amenities serviced apartment will give Kajang a definite edge,” Henry Butch- Nexus Tower C 2022 Serviced residence/ 399,000 475,100 er’s Tang offers. serviced apartment MKH MKH Bhd Boulevard 2 2022 Serviced residence/ 250,000 521,000 The challenges Boulevard 2 serviced apartment No doubt the superb infrastructure, the education Canopy Hills Land Pacific Tower A & B 2022 Serviced residence/ 230,000 352,000 institutions as well as the affordable house prices Residences Development Sdn Bhd serviced apartment have been driving the Kajang property market over Source: Henry Butcher Malaysia the years. The question is, will its edge be sustain- able into the future. “The rather high-density town is further bur- “As Kajang has grown rapidly, the town centre dening the already congested local traffic. The Growing population is now facing traffic congestion. Furthermore, the town council may also need to look into the old and income levels increase in population has led to the inadequacy dilapidated buildings in the heart of the town, on Moving forward, Chua expects the residential market of social amenities such as markets, playing fields how to balance between the new developments outlook to remain sluggish for the rest of 2020, brought and recreational areas,” says Tang. and preserving those pre-war buildings to make about by the Covid-19 pandemic. He believes town planning needs to be reviewed them an attraction of the town. “However, Kajang, being a mature locale, should and updated to cope with the many new develop- “Furthermore, Kajang town is predominant- be able to sustain steady growth over the long term ments that have sprouted up haphazardly over the ly occupied by old housing estates and this has One of the key and will continue to attract demand from house buy- years, as all these problems need to be resolved painted the town as a less-than-desirable living challenges for ers. This is also supported by the growing population to make Kajang a more attractive place to live in. address,” Chua shares. Hence, for a more con- the Kajang in the District of Hulu Langat,” he notes. Agreeing with Tang, Chua points out that the ducive living environment, new townships with property According to the Department of Statistics (DOS), key challenge for the Kajang property market is lifestyle offerings will attract young homeowners market is Hulu Langat’s population grew by approximately 25% over crowding. and upgraders. overcrowding. from 2000 to 2010. Hence, the projected population for the district is approximately 1.44 million for 2020, based on the growth rate of 25% recorded in the past. DOS data also found that the average income in Hulu Langat is RM9,593 per month, which is slightly above the average for the state of Selangor (RM9,463) and above the average income in Malaysia (RM6,958). The average income of the residents of Hulu Langat is also the third highest in Selangor, after Petaling and . “With the growing population and the healthy in- come level, demand for houses is expected to prevail. The residential market is also the most resilient com- pared to other category of properties as it is primarily for own use and long-term investment. “From the above analysis, the outlook for new de- velopments in the Kajang area is promising, provided that the pricing remains competitive and there are quality amenities that appeal to working professionals who want to live not too far from Kuala Lumpur city,” Chua concludes. EP 8 Friday august 21, 2020 news

PREC working with tenants to bring retail business online

Low Yen Yeing | EdgeProp.my By Tan Ai Leng and mall retailers]. Going online is a must for business survival as when customers : While many are saying tradi- could not visit you in a physical shop, they tional mom and pop stores will soon become could still shop with you online. It is crucial history, PKNS Real Estate Sdn Bhd (PREC) to helping the conventional retail business is working hard to help the conventional owners to get an online presence while retailers to start their online shops to gen- maintaining a physical shop,” he explains. erate more business. For the other 400 merchants who have PREC CEO Fakru Radzi Ab Ghani sees an still not participated in the Bazaar Lokal urgent need to help the merchants in their platform, he explains that the main obsta- shopping malls to get an online presence cle is the conventional retailers’ lack of IT while continuing to operate their offline knowledge, including setting up their own businesses. emails or online accounts to market their “We had the idea of setting up the virtu- products. al platform, called Bazaar Lokal, a year ago To help them get “connected”, PREC has but we have sped up the implementation organised hand-holding sessions explaining during the Movement Control Order (MCO) By having an online the online platform mechanism and teaching period as we realised that this could benefit the interested merchants on how to set up these conventional SME retailers,” he tells platform, it enables their online shop as well as taking orders. EdgeProp.my. consumers to continue Currently there are over 70 merchants par- Despite there being many online shop- ticipating in their hand-holding sessions. ping platforms available for consumers in getting the goods they On top of this, to complement the online the market, Fakru reckons that there is a eks PKNS Bangi. Other properties managed need from their familiar and offline businesses, PREC also engaged need for neighbourhood malls operators to by the company include Menara Worldwide with logistic service providers to offer goods have their own marketplace to serve their in Bukit Bintang and Menara PKNS in Pet- merchants in the mall.” delivering service for the merchants who are customers. aling Jaya. participating with Bazaar Lokal. With the majority of shoppers being loyal Launched in June, there are close to 100 — Fakru Currently, Bazaar Lokal is only limited to customers who visit the same malls to get merchants (out of 500 merchants in PREC PREC-managed shopping malls, but Fakru their necessities, the niche is there. By hav- managed malls) registered at the Bazaar 5% and 12%, depending on the profit mar- plans to open up to other local retailers who ing an online platform, it enables them to Lokal web-based shopping platform and gin of the goods. are interested in marketing their products continue getting the goods they need from showcases over 300 locally made products Fakru says that the inception of Bazaar online. familiar merchants in the mall, he adds. such as clothes, food and beverage, home ap- Lokal was not meant to compete with the “While having a physical store as a place PREC is an investment arm and asset pliances, health and beauty and supplements. well-established online shopping platforms, to showcase their products and offering cus- management company for Selangor State There is zero cost for the merchants to but to complement the merchants’ current tomer service, the online platform enables Development Corp (PKNS). It currently participate in this platform, but there will offline business. them to open up their business horizon to manages Kompleks PKNS Shah Alam and be a fee charged for each transaction. The “Undeniably, the Covid-19 pandemic expand to other areas or maybe go global, SACC Mall in Shah Alam, as well as Kompl- rate of the transaction fees range between is a turning point for us [the mall operator in the future,” he says.

It’s not all gloom & doom in the industrial property market. Will prices drop?

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Friday august 30, 2019 Click/tap on spotlight each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM1,400/mth RM800,000 RM420,000 RM14,400/mth Lido Four Seasons Residence, Taman Midah, Cheras, Bandar Puncak Alam, Selangor KPMG Tower, , Kota Kinabalu, Sabah Kuala Lumpur Type: Terraced house Tenure: Leasehold Selangor Type: Condominium Tenure: Leasehold Type: Terraced house Tenure: Freehold Built-up: 1,400 sq ft Land size: 1,400 sq ft Type: Office Tenure: NA Built-up: 1,000 sq ft Bedroom: 3 Built-up: 2,400 sq ft Land size: 1,540 sq ft Bedroom: 4 Bathroom: 3 Built-up: 7,200 sq ft Bathroom: 2 Bedroom: 5 Bathroom: 2

Abby Tan (REN 20757) Elvie Ho (REN 22102) Ahlan Property (REN 03689) Thean (REN 02316) IQI REALTY SDN BHD (E (1) 1584/9) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) TOGETHER PROPERTIES (E (3) 0503) Midas Properties (E (3) 0677) +6017 261 6216 +6012 303 3788 +6019 258 6275 +6012 203 5517

Sold foR RM4 million (RM417 psf against land size) DONE Bungalow, Taman Shanghai, DEAL Old Klang Road, KL Concluded by: Neville Peter Massang (REN 24547) of I-Prop Realty (USJ) Sdn Bhd (+6012 201 9216) When: May 2020 RM520,000 RM696,938 Ranau, Sabah Taman Shanghai is one of received after the property Ranau, Sabah Type: Residential land Tenure: Leasehold Noteworthy the oldest landed housing was put up for sale. Type: Residential land Tenure: Leasehold Land size: 21,775 sq ft Land size: 14,525 sq ft • Freehold developments located along The buyer likes the location • Land size: 9,583 sq ft; the bustling Old Klang Road, and the spacious house as he Built-up size: Kuala Lumpur. It comprises intends to turn the bungalow Jenny Wong (REN 31278) 4,094 sq ft mostly single-storey terraced into an office and showroom. Jenny Wong (REN 31278) IQI REALTY SDN BHD (E (1) 1584/9) • 6 bedrooms; houses and some bungalows According to EdgeProp IQI REALTY SDN BHD (E (1) 1584/9) +6019 881 3803 5 bathrooms and semidee houses. Research, two terraced +6019 881 3803 Real estate negotiator houses in Taman Shanghai • Partly furnished with ceiling fans, from I-Prop Realty (USJ) Sdn were transacted at lightings, curtains, Bhd Neville Peter Massang RM530,000 (or RM302 kitchen cabinets and told EdgeProp.my that psf against land size) and wardrobes. although there is demand RM750,000 (or RM315 psf • Amenities: for landed homes in Taman against land size) in 2019. Convenience store, Shanghai, there is very limited As of August, there is banks, petrol station, supply of secondary houses as only one unit on the sales supermarket, F&B, most of the units are owner- listing for Taman Shanghai in public park, 5-km occupied. EdgeProp.my. The bungalow from Mid Valley In his recently concluded house is asking for RM2.6 Megamall and deal, the previous owners million or RM273 psf against Bangsar South, as inherited the house from land size. There is no property RM470,000 well as 20km to RM800,000 Kuala Lumpur city their late mother and decided in Taman Shanghai for rent at Kelana Parkview, , centre to let go of the unit as they do the moment. Cheras, Selangor Selangor not intend to occupy it. Type: Terraced house Tenure: Freehold • Easy accessibility Type: Condominium Tenure: Freehold The freehold property Planning to buy or sell a Built-up: 1,750 sq ft Land size: 1,540 sq ft Built-up: 1,144 sq ft Bedroom: 3 Bathroom: 2 via Federal Highway, home? With Bedroom: 5 Bathroom: 4 faces Old Klang Road, making EdgeProp’s FREE North-South transacted price tool, you can Expressway, Sungai it an ideal location to run check past transaction prices for Wenda Tee (REN 31380) Besi Highway a business, said Massang, any property by name or area and Christopher Chong (REN 15344) Reapfield Properties (HQ) Sdn Bhd (E (1) 0452) adding that many offers were make an informed decision. GREAT CASA REALTY SDN BHD (E (1) 1688) +6013 348 9163 +6017 799 4484

RM445,800 RM5,500/mth RM6,080,700 RM1,250,000 Bandar Nusaputra, Pavilion Suites Kuala Lumpur, Kulai, Johor /Alam Nusantara, South, Selangor KL City, Kuala Lumpur Type: Industrial land Tenure: Freehold Selangor Type: Townhouse Tenure: Leasehold Type: Condominium Tenure: Freehold Land size: 2 acres Type: Semidee house Tenure: NA Built-up: 1,282 sq ft Land size: 1,650 sq ft Built-up: 718 sq ft Bedroom: 1 Bathroom: 1 Built-up: 2,800 sq ft Land size: 2,240 sq ft Bedroom: 3 Bathroom: 2 Bedroom: 4 Bathroom: 4

Low Chee Hoong (REN 22437) Mark Thoo (REN 31739) Adeline Lee (REN 02761) Dixon (PEA1324) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) PROPNEX REALTY SDN BHD (E (1) 1800) IQI REALTY SDN BHD (E (1) 1584/6) HSR REALTORS (MALAYSIA) SDN BHD (E (1) 1552) +6012 318 8473 +6012 308 0410 +6016 715 2226 +6012 813 8660 EP 10 Friday august 21, 2020

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RM259,000 RM2,880,480 RM4,500/mth RM480,000 Bandar Baru , Vila Elemen, KGSAAS, Shah Alam Arata of Tijani, Kenny Hills, , Selangor Sepang, Selangor Type: Bungalow Tenure: Leasehold Kuala Lumpur Type: Terraced house Tenure: Leasehold Type: Residential land Tenure: Malay Built-up: 6,100 sq ft Land size: 4,500 sq ft Type: Condominium Tenure: Freehold Built-up: 1,685 sq ft Land size: 1,500 sq ft Reserved Land Land size: 4,064 sq ft Bedroom: 5 Bathroom: 5 Built-up: 1,900 sq ft Bedroom: 3 Bedroom: 4 Bathroom: 3 Bathroom: 4

Ahmad Suhaili (REN 16724) Aimi Zamzuri (REN 27363) Ain Nabila (REN 39738) Aireen Ng (REN 39587) FIRDAUS & ASSOCIATES PROPERTY PROFESSIONALS FIRDAUS & ASSOCIATES PROPERTY PROFESSIONALS CBD PROPERTIES SDN BHD (E (1) 1197) GS REALTY SDN BHD (E (1) 1307) SDN BHD (VE (1) 0091/3) +6011 188 84740 SDN BHD (VE (1) 0091/3) +6017 300 6640 6011 26477114 +6012 330 3233

Sold foR RM1.8 million (RM847 psf against land size) DONE 2-storey terraced house, DEAL Bukit Bandaraya, Bangsar, KL Concluded by: Zack Ng Kah Chuan (PEA 2049) of Pepite Real Estate Sdn Bhd (+6016 222 9045) When: March 2020 RM260,000 RM3,230,000 Laman Suria e-Resort Apartment, Located in Bangsar, Bukit Movement Control Order,” he Bidai Residence, , Bangi, Selangor Noteworthy Bandaraya is one of the affluent explained. Selangor Type: Condominium Tenure: Freehold Type: Bungalow Tenure: NA • Built-up: residential areas in Kuala Lumpur. Houses in Jalan Pudina, Bukit Built-up: 840 sq ft Bedroom: 3 Bathroom: 2 Built-up: 3,330 sq ft Land size: 8,902 sq ft 2,300 sq ft; Land There are some two to three- Bandaraya, are always in demand, Bedroom: 5 Bathroom: 6 size: 2,125 sq ft storey terraced houses and said Ng, adding that Jalan Pudina Aizudin Borhan (REN 25247) • Freehold semidees within the area. is one of the few areas which has Fasha Hamid (REN 26498) LEGACY REAL PROPERTY SDN BHD (E (1) 1925) • Unfurnished According to Zack Ng from guarded-community. FIRDAUS & ASSOCIATES PROPERTY PROFESSIONALS +6019 325 6071 Pepite Real Estate Sdn Bhd, who He noted that the buyer likes (VE (1) 0091/1) +6017 973 9534 • 4 bedrooms; concluded the deal, a typical the location of the property with 3 bathrooms double-storey terraced home its proximity to various amenities • Accessible in Bukit Bandaraya area would including Bangsar Shopping via highways including Penchala command a price tag of RM2 Centre, which is just located five Link, New Klang million for its location. minutes away. Valley Expressway, The property was up for EdgeProp Research data Damansara sale since February last year. showed that four terraced houses Puchong He received an offer of RM1.85 changed hands at an average Expressway and million in July this year, but the price of RM2.05 million or Spring Highway owner rejected it as there are RM1,009 psf in 2019. • Walking distance similar units in the same area Meanwhile, there are five (around 400m) to that changed hands at RM2 residential properties up for sale Bangsar Shopping RM450,000 million. in EdgeProp.my, with an average RM370,000 Centre, about 6km “However, as more houses asking price of RM909 psf or from KL Sentral, Taman Cheng Setia, Melaka came into the market and RM2.63 million. Medan Mega Melati M3 Residency, around 11km from Type: Semidee house Tenure: Freehold another house on the same As at August 2020, there is Setapak, Kuala Lumpur Kuala Lumpur Built-up: 3,200 sq ft Land size: 3,444 sq ft row was sold for RM1.85 million, one rental listing of a double- Type: Condominium Tenure: Leasehold Bedroom: 5 Bathroom: 3 City Centre, 20km Built-up: 807 sq ft Bedroom: 3 the owner decided to accept storey terraced home at Bukit from Subang Bathroom: 2 International an offer which was close to Bandaraya on EdgeProp.my, with Alil Anua (REN 41209) Airport current market value. The deal average asking prices of RM3,100 Alps Joon Kiat Tan (REN 18124) TOGETHER PROPERTIES (E (3) 0503) was concluded right before the or RM1.61 psf. ORIENTAL REAL ESTATE SDN BHD (E (1) 1503) +6013 623 0330 60102153233

RM32,000/mth RM2,620,000 RM3,000/mth RM775,000 KL Eco City, Bangsar, Kuala Lumpur Kota Bayu Emas, Klang, Selangor , Selangor Horizon Hills, Johor Type: Office Tenure: Freehold Type: Bungalow Tenure: Freehold Type: Shoplot Tenure: Leasehold Type: Terraced house Tenure: Freehold Built-up: 4,381 sq ft Built-up: 6,527 sq ft Land size: 6,527 sq ft Built-up: 3,122 sq ft Land size: 1,560 sq ft Built-up: 3,100 sq ft Land size: 2,080 sq ft Bedroom: 6 Bathroom: 6 Bathroom: 2 Bedroom: 4 Bathroom: 4

Amanda (PEA 0991) Chris Chan (REN 25514) Andy Gan (REN 41436) Ang Boon Chai (REN 39619) Cornerstone Xstate Sdn Bhd (E (1) 1851) GRIFFIN PROPERTIES (E (3) 1792) WEREG PROPERTIES (E (3) 1867) EU AS PROPERTIES SDN BHD (E (1) 1677) +6012 286 8073 +6016 208 6226 +6019 338 0857 +6017 780 8161 EP 11 Friday august 21, 2020

Friday august 30, 2019 Click/tap on spotlight each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM480,000 RM4,900/mth RM930,000 RM1,100/mth Kota Emerald, Rawang, Selangor Kiaramas Ayuria, Mont’Kiara, Wisteria @ Bandar Rimbayu, Almyra Residences @ Bandar Type: Terraced house Tenure: Freehold Kuala Lumpur Telok Panglima Garang, Selangor Puteri Bangi, Bangi, Selangor Built-up: 1,875 sq ft Land size: 1,875 sq ft Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Leasehold Type: Condominium Tenure: Freehold Bedroom: 4 Bathroom: 3 Built-up: 1,605 sq ft Bedroom: 4 Built-up: 2,446 sq ft Land size: 2,640 sq ft Built-up: 969 sq ft Bedroom: 3 Bathroom: 2 Bathroom: 4 Bedroom: 4 Bathroom: 4

Angel Ang (REN 34060) Angelia Kong (REN 03495) Ann Pua (REN 34102) Fatin Ardi (REN 36684) Billion Realtors (1872) FIRST REALTORS AGENCY (E (3) 0788) CHESTER PROPERTIES SDN BHD (E (1) 1321/15) VIVAHOMES REALTY SDN BHD (E (1) 1670) +6017 213 7006 +6017 292 3977 +6017 636 8687 +6018 388 6258

RM78,000/mth RM923,510 RM1,450,000 RM11,670,000 Pasir Gudang, Johor Bangi Golf Resort, Bangi, Selangor Puchong, Selangor Sungai Besi, Kuala Lumpur Type: Factory Tenure: Freehold Type: Residential land Tenure: Leasehold Type: Terraced house Tenure: Freehold Type: Commercial land Tenure: Freehold Built-up: 60,000 sq ft Land size: 11,890 sq ft Built-up: 3,000 sq ft Land size: 2,800 sq ft Land size: 33,000 sq ft Land size: 135,036 sq ft Bedroom: 5 Bathroom: 3

Apple Wong (REN 12700) Asyran Laidin (PEA 2350) Augustine (REN 01958) Azemi (REN 15376) VIGOR PROPERTIES (E (3) 1777) IREAL PROPERTY SDN BHD (E (1) 1747) JUBILEE REALTY (E (3)1853) JAZ INTERNATIONAL MALAYSIA SDN BHD +6018 288 9222 +6012 429 9573 +6012 313 3481 (VEPM (1) 0120) +6017 356 9452

RM70,000,000 RM2,300,000 RM4,200,000 RM1,900/mth Cyberjaya, Selangor Batu Lintang, Kuching, Sarawak Banyan Tree, KLCC, Kuala Lumpur Brem Park 2, Kuchai Lama, Type: Office Tenure: Freehold Type: Bungalow Tenure: Leasehold Type: Condominium Tenure: Freehold Kuala Lumpur Built-up: 11,793 sq ft Built-up: 3,000 sq ft Bedroom: 5 Built-up: 2,195 sq ft Bedroom: 4 Bathroom: 5 Type: Condominium Tenure: Freehold Bathroom: 3 Built-up: 1,600 sq ft Bedroom: 3 Bathroom: 2

Aziz (REN 13367) Beautriz Sim (E 2704) Fazli Shahar (REN 18056) Benson Ting (E 2307) MILESTONE REALTY (E (3) 1682) AZMI & CO (SARAWAK) SDN BHD (VEPM (1) 0002/3) DRMI Property Consultant (VE (3) 0369) ONE WSM PROPERTY SDN BHD (E (1) 1823) +6019 328 3153 +6012 888 5121 +6012 360 2422 +6012 235 0337

RM6,180,000 RM600,000 RM940,000 RM2,200,000 Sierramas, Sungai Buloh, Selangor You Residences, Batu 9, Cheras, , Selangor Nusa Tropika, Ulu Kelang, Selangor Type: Bungalow Tenure: Freehold Selangor Type: Shop house Tenure: Freehold Type: Link Bungalow Tenure: Freehold Built-up: 7,304 sq ft Land size: 8,503 sq ft Type: Condominium Tenure: Freehold Built-up: 2,000 sq ft Land size: 1,900 sq ft Built-up: 5,060 sq ft Land size: 2,880 sq ft Bedroom: 6 Bathroom: 6 Built-up: 1,453 sq ft Bedroom: 4 Bathroom: 3 Bedroom: 6 Bathroom: 6

Brian Tang (PEA 2267) Chris Lim (REN 20985) Christopher (REN 03972) C K Lum (REN 09439) IQI REALTY (E (1) 1584) GRIFFIN PROPERTIES (E (3) 1792) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) HENRY BUTCHER REAL ESTATE SDN BHD (E(1) 0501) +6016 528 3313 +6016 995 5607 +6012 278 2207 +6016 302 8936 EP 13 Friday august 21, 2020 EdgeProp.my’s #AreaOf TheWeek

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