DOCSLIB.ORG

Malaysia-Highlights-2210.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Malaysia-Highlights-2210.Pdf RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2014 KUALA LUMPUR PENANG JOHOR BAHRU REAL ESTATE HIGHLIGHTS RESEARCH rates in Malaysia could rise by the Due to its attractive pricing, the project sq ft to RM3,000 per sq ft. Meanwhile, triplex penthouse measuring 18,000 sq ft KUALA LUMPUR second half of the year. received overwhelming response with all the former site of Lai Meng Primary for sale at RM25 million (or circa RM1,390 available units reportedly taken up. School at Jalan Ampang is proposed for per sq ft). The selling prices for its typical HIGH END a 60-storey twin towers project. One of units range from RM1,100 per sq ft. Expressionz Professional Suites @ Tun Supply & Demand the proposed towers will accommodate CONDOMINIUM Razak by Exsim Group of Companies Although there were significant a mix of serviced apartments, hotel and The cumulative supply of high end was launched in March 2014 at an completions totalling some 1,507 units in MARKET offices, while the other tower will house condominium in Kuala Lumpur stands average pricing of RM1,300 per sq ft. The KL City, asking prices continued to hold Grade A office. at 36,222 units following the completion project offers 447 serviced apartment firm while rents were marginally down of eight notable projects offering units of various layouts - studio, dual-key in selected less prominent schemes. In Market self-correcting with an additional 1,659 units [includes and duplex units sized from 643 sq ft to Prices & Rentals Bangsar, asking prices were marginally noticeably less previews and projects that are physically completed 1,405 sq ft. As of May, it has reportedly higher during the review period while launches but pending issuance of Certificate of achieved circa 65% sales. The cooling measures have dampened rents continued to hold steady. Completion and Compliance (CCC)]. Out market activities, both primary and of the eight completions, five are located Berjaya Corporation Bhd expects the secondary. There were noticeably less With no significant completions noted in The lacklustre market in KL City and they are SOHO Suites @ take-up rate for its newly launched previews and launches in the first half of the localities of Ampang Hilir / U-Thant, performance may receive a KLCC, Six Ceylon, Suasana Bukit Ceylon, luxurious Ritz-Carlton Residences the year with many developers pulling Damansara Heights and Mont’ Kiara, boost in 2H2014 ahead of the Laman Ceylon and VUE Residences in Kuala Lumpur to hit 60% by year-end. back as buyers adopt the “wait-and- asking prices and rents generally implementation of the goods and KL City. The remaining three projects are The upscale project, located at the see” approach. Despite lower volume remained stable. services tax (GST) in April 2015 intersection of Jalan Sultan Ismail and Dedaun and Damai206 @ Embassy Row of transactions, prices continued to Going forward, with a high supply with demand expected to pick up Jalan Ampang, consists of 287 suites in Ampang / U-Thant, and Richmond, hold firm in the secondary market. In pipeline of existing and incoming with unit sizing ranging from 1,023 sq ft Kiara 3 @ Mont’ Kiara in Mont’ Kiara. the primary market, however, sales projects, the rental market is expected to 4,284 sq ft. Average selling price starts performance for new launches were Challenging outlook with cooling Most of the newly completed projects to face further pressure amid weak from RM2,500 per sq ft. mixed depending on the location, measures implemented still in such as SOHO Suites @ KLCC, Six occupational demand in selected product and pricing amongst other key place and ahead of potential Ceylon, Suasana Bukit Ceylon, VUE Notable projects targeted for launch later locations and heighten competition factors. interest rate hike Residences and Richmond, Kiara 3 @ this year include Cecil Central Residence, between unit owners. Yields will continue Mont’ Kiara have been well received with Platinum Park Serviced Apartment and Early this year, Mulpha Land Berhad to be compressed in line with the lagging The Robertson (Tower 3) in KL City as disposed a 5-storey low-rise apartment rental market. Developers shifting focus to sales rates ranging from 97% to 100%. well as Nova Pantai @ Pantai Dalam and block known as Raintree Residence at affordable, mid-range products The developer of Laman Ceylon, with Meanwhile, the debut of more branded circa 85% sales, has reportedly revised Cecil Central Residence Resonance @ South Bangsar. Jalan Wickham, Off Jalan Ampang Hilir to and township developments residences into the Kuala Lumpur market their marketing strategy and is now Cecil Central Residence will be Hong the Government of the Islamic Republic appears to have had a positive effect on offering full furnishing package for the Kong-based Cheuk Nang (Holdings) of Iran for a total cash consideration of the pricing of new high end condominium period, reflecting developers’ concerns unsold semi-furnished units. Ltd’s premier project in the heart of Kuala RM34.30 million (or RM1,100 per sq ft on projects. on the adverse impact arising from the net floor area). The property comprises In the Ampang Hilir / U-Thant area, Lumpur. Controlled by tycoon Cecil Market Indications cooling measures announced in October 12 apartment units with floor areas Dedaun reported 85% sales rate while Chao, its unit, Martego Sdn Bhd, will 2013. ranging from 2,045 sq ft to 3,735 sq ft. Malaysia’s economy expanded strongly few owners of the fully sold Damai206 @ develop upscale residences comprising in the first quarter of 2014, posting an Embassy Row are releasing their units for The previews and launches include The three 50-storey blocks (total 832 units) In May, Amphil Corporation Sdn Bhd, exceptional growth rate of 6.2% (4Q2013: sale in the secondary market. Ritz-Carlton Residences Kuala Lumpur, with typical sizing from 569 sq ft to 2,499 the developer of the on-going Rimbun 5.1%). The robust economic performance Vortex Residence and Expressionz sq ft. The freehold project is located @ Embassy Row, officially launched its is driven by stronger expansion in A high impending supply totalling some Professional Suites @ Tun Razak in KL off Lorong Perak, facing Menara Kuala domestic demand and a turnaround 2,884 units is expected to enter the City; KL Gateway Premium Residences Lumpur and KLCC Park. Knight Frank in net exports. Bank Negara Malaysia market by the end of 2014. Ampang Hilir (Tower 2) and Inwood Residences @ Malaysia is the exclusive marketing agent (BNM) expects the economy to maintain / U-Thant will account for circa 48% Pantai Sentral Park in Kerinchi / Bangsar for the project. TABLE 1 of the total upcoming supply, followed South; DC Residency @ Damansara Completion of High End Condominiums in 1H2014 its growth momentum with GDP to range Other upcoming integrated projects that by KL City (33%), and Mont’ Kiara / Sri City in Damansara Heights; and 28 from 5% to 5.5% for the remaining are set to alter Kuala Lumpur’s skyline quarters of the year. Hartamas (19%). Some of the notable Dutamas (Tower A), TWY Mont’ Kiara and Project Location Area Total Units projects slated for completion include include the RM3.5 billion mixed use Residensi 22 (Block B) in Mont’ Kiara. SOHO Suites @ KLCC Jalan Perak KL City 480 Headline inflation edged up 0.4% to Crest Jalan Sultan Ismail, 188 Suites and “Oxley Towers” at Jalan Ampang that register at 3.4% in 1Q2014 mainly due Setia Sky Residences (Celeste Tower) Following the completion of its will comprise two 6-star hotels, luxury VUE Residences* Jalan Tun Razak KL City 272 to higher prices in the housing, energy- in KL City; 9 Madge, Madge Mansion, successful projects in KL City, ViPod serviced apartments, niche retail mall Six Ceylon Jalan Ceylon KL City 215 consumption and transport categories. Nobleton Crest, The Elements @ Ampang Residences and The Quadro Residences, and customised offices and KSK Group’s Suasana Bukit Ceylon Persiaran Raja Chulan KL City 310 developer, Monoland Sdn Bhd, held a RM4 billion Jalan Conlay project that Although BNM has kept the Overnight (Tower 1) and D’ Suria Condominium in Laman Ceylon Jalan Ceylon KL City 230 preview for its latest project, Vortex Hotel will feature three towers (a 60-storey Policy Rate (OPR) unchanged at 3% Ampang / U-Thant; One Kiara (Tower A) Dedaun Off Jalan Ampang Ampang / 38 Suites & Residence KLCC, in January to house the 5-star hotel cum serviced since May 2011, with strong domestic and The Icon Residence in Mont’ Kiara U-Thant 2014. Located at Jalan Sultan Ismail, apartments and two towers of 50 and demand, ample liquidity in the financial and The Signature in Sri Hartamas. Damai206 @ Embassy Row* Lorong Damai Ampang / 18 along the same stretch as Hard Rock 55-storey for luxury condominiums) system and low cost of borrowing leading U-Thant Compared to a total of some 16 project Café, Concorde Hotel, Menara IMC and and a 200,000 sq ft retail podium. The to household debt reaching a record level Richmond, Kiara 3 @ Mont’ Kiara Jalan Kiara 3 Mont’ Kiara 96 launches in the second half of last year, adjoining Menara Prudential, Vortex indicative pricing for the luxury serviced of 86.8% of GDP at the end of 2013, there were only nine notable previews offers 248 units of residences priced from apartments and condominiums in these *Pending Certificate of Completion and Compliance (CCC) there is strong indications that interest and launches observed during this review RM980 per sq ft up to RM1,190 per sq ft. two projects range from RM2,500 per Source: Knight Frank Research 2 3 REAL ESTATE HIGHLIGHTS RESEARCH The focus of the residential market in the Midfields 2 address.
Load more

Recommended publications
  • Beritajaya 2014 Issue 2
    Berjaya Corporation Berhad’s Quarterly Newsletter - Issue 2, 2014 KDN No : PP 7432/02/2013(031932) From left to right : Lena Tan Wai Foon - Non-Independent Non-Executive Director,7-Eleven Holdings; Gary Brown- Deputy Chief Executive Officer, 7-Eleven Malaysia Sdn. Bhd; Shalet Marian- Independent Non-Executive Chairman, 7-Eleven Holdings; Tan U-Ming, Chan Kien Sing and Ho Meng - Non-Independent Executive Directors, 7-Eleven Holdings; and Muhammad Lukman Bin Musa @ Hussain - Independent Non-Executive Director, 7-Eleven Holdings. 7 –ELEVEN MALAYSIA HOLDINGS BERHAD MAKES DEBUT ON BURSA MALAYSIA SECURITIES BERHAD Malaysia’s largest convenience store chain lists on the Main Market On 30 MAY 2014, 7-ELEVEN MALAYSIA HOLDINGS BERHAD (“7-Eleven Holdings”) Independent Non-Executive Chairman of 7-Eleven Malaysia Holdings Berhad, Shalet listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), and Marian said that 7-Eleven Malaysia’s IPO was the largest IPO to be completed in officially commenced trading under the stock short name SEM and stock code 5250. Malaysia and the third largest international IPO in South East Asia at the time of listing. The convenience store chain is currently the largest in Malaysia in terms of number of stores with 1,583 outlets nationwide as at 10 April 2014. 7-Eleven will continue to open new stores and is targeting 600 new stores between 2014 and 2016. TAN SRI VINCENT TAN RECEIVES ‘ICON OF MALAYSIA’ AWARD On 30 April 2014, Tan Sri Vincent Tan (“TSVT”) received the ‘Icon of Malaysia’ Award for his achievements at the Malaysia Book of Records’ Night of Achievers at One World Hotel, Bandar Utama.
    [Show full text]
  • Investor Update 31 December 2014 2014
    INVESTOR UPDATE 31 DECEMBER 2014 2014 TH QUARTERLY REPORT From The Desk Of The Chairman Dear Shareholders, We are pleased to announce that PPB Group’s revenue rose by 12% to RM3.7 billion for year 2014 mainly driven by growth in most of the Group’s core segments. PPB Group posted an unaudited proft before tax of RM1.03 billion for year 2014, down 3% from the year before. The lower proft was due to reduced proft contribution from Wilmar International Limited, lower income from investment in equities and losses in the packaging business reported within “Other Operations”. Most of the Group’s core segments achieved better results for year 2014. Proft for the year was RM938.9 million and earnings per share stood at 77.33 sen. The Board of Directors has recommended a fnal single tier dividend of 16 sen per share for the fnancial year ended 31 December 2014 subject to shareholders’ approval at the forthcoming Annual General Meeting. The fnal single tier dividend is payable on 29 May 2015 and together with the interim single tier dividend of 7 sen per share, the total dividend for fnancial year 2014 would be 23 sen per share compared with 25 sen paid in respect of year 2013. 2 From The Desk Of The Chairman (Cont’d) GOING FORWARD CSR ACTIVITIES The performance of the Group’s four, feed and food-related PPB Group through its 80%-subsidiary, FFM Berhad, was prompt businesses should be sustainable, based on their enlarged to reach out to the food victims who were badly hit by the distribution channels and market share.
    [Show full text]
  • Sungei Wang Plaza
    GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG
    [Show full text]
  • TA Securities COMPANY UPDATE Tues Day , 14 February , 201 7 a Member of the TA Group FBMKLCI : 1, 710 .24
    TA Securities COMPANY UPDATE Tues day , 14 February , 201 7 A Member of the TA Group FBMKLCI : 1, 710 .24 MENARA TA ONE, 22 JALAN P. RAM LEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603 -20721277 / FAX: +603 -20325048 Sector: Construction Ekovest Berhad TP: RM 3.43 (+20.4%) A Cash Cow in the Making Last traded: RM2.85 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Not Rated Ooi Beng Hooi +603-2167-9612 [email protected] www.taonline.com.my Despite a sharp rally in sha re price of 166. 4% since early -2015, we still Share Information think the stock is undervalued and see long term value in this rising star. Bloomberg Code EKO MK We like the company for its i) sizeable outstanding construction order book; Stock Code 8877 Listing Main Market ii) likelihood of sustaining its construction order book for another 5 to 10 Share Cap (mn) 855.5 years; iii) potential unlocking of asset value through IPO for its Market Cap (RMmn) 2438.0 expressways; iv) potential REITing of its shopping malls in long term; and Par Value 0.50 v) potential transformation into a prominent cash cow in long run. We 52-wk Hi/Lo (RM) 1.01/2.88 arrive at a fair value of RM3.43/share. NOT RATED 12-mth Avg Daily Vol ('000 shrs) 1,603.7 Estimated Free Float (%) 40.8 Listed on the Second Board of Bursa Malaysia in 1993 and promoted to the Beta 0.36 Major Shareholders (%) Main Board in 2000, Ekovest Berhad is involved in construction, property Lim Kang Hoo - 20.19 development and highway toll operation.
    [Show full text]
  • For Sale - Kepong, Jalan Tar, Sri Hartamas, Subang, USJ, Jalan Ipoh, Kuala Lumpur
    iProperty.com Malaysia Sdn Bhd Level 35, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Tel: +603 6419 5166 | Fax: +603 6419 5167 For Sale - kepong, jalan tar, sri hartamas, Subang, USJ, Jalan Ipoh, Kuala Lumpur Reference No: 100728555 Tenure: Freehold Address: Subang, USJ, Kuala Lumpur Occupancy: Tenanted State: Kuala Lumpur Furnishing: Unfurnished Property Type: Shop Unit Type: Intermediate Asking Price: RM 1,600,000 Land Title: Commercial Built-up Size: 2,600 Square Feet Property Title Type: Individual Name: Ky Wan Built-up Price: RM 615.38 per Square Feet Posted Date: 12/03/2021 Company: Chester Properties - Sri Land Area Size: 20x70 Square Feet Hartamas (Ceased Operation) Land Area 22 x 80 Email: [email protected] Dimension: 2sty Freehold shop at Jalan Pinggiran USJ 1/8, LA 22x80 BU 2600sf, full tenant at 4500/mth (expiry no renew, owner will sell as vacant), for sale 1.6m Learn property investment before your money stuck, visit http://wanres.blogspot.com/ Pls contact k y wan 0196529886 for viewing. Other shops for sale Solaris Mont Kiara 3sty full tenant for sale 5m full tenant 4sty with lift full tenant for sale 7.5m full tenant Solaris Dutamas Upper ground + lower ground 5.7m ground floor 4.3m ground floor 3.5m upper ground 2.5m Other shops for investment - 3sty shop Neo Damansara partial tenan.... [More] View More Details On iProperty.com iProperty.com Malaysia Sdn Bhd Level 35, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Tel: +603 6419 5166 | Fax: +603 6419 5167 For Sale - kepong, jalan tar, sri hartamas, Subang, USJ, Jalan Ipoh, Kuala Lumpur.
    [Show full text]
  • Taman Sri Segambut to See Its ˎrst High-Rise Residences
    EP 2 FRIDAY OCTOBER 6, 2017 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Tropicana TRX Residences eyes 1Q18 launch founder’s son Dion Tan is new MD; CEO TRX Residences, the residential com- es will comprise about 900 units, Yau retires ponent of the 17-acre TRX Lifestyle but not all of these units will be Tropicana Corp Bhd has redesignat- Quarter, is aiming to launch its fi rst launched simultaneously, said ed its executive director, 27-year-old homes sometime in the fi rst quarter Lendlease Malaysia residential di- Dion Tan, the son of founder and of next year. rector Eric Chan. largest shareholder Tan Sri Danny The TRX Lifestyle Quarter is part The unit sizes, which may range Tan Chee Sing who has a 30.45% of the 70-acre Tun Razak Exchange from 1-bedroom units of 500 sq ft to stake in the company, as managing (TRX) development which is set to be- 4-bedroom units of 2,000 sq ft, will director eff ective Oct 2. come a world-class fi nancial district be designed to cater for a broader Dion’s eldest brother, Datuk Dick- in Kuala Lumpur. It will encompass swathe of Malaysian property buy- son Tan Yong Long, is Tropicana’s investment Grade A offi ce space un- ers, said Lendlease Malaysia man- deputy group CEO, while another derpinned by world-class residential, aging director Stuart Mendel. brother, Dillon Tan Yong Chin, is an hospitality, retail, leisure and cultur- TRX Residences will comprise six executive director. al off erings. towers of 40 to 57 storeys each that Meanwhile, Tropicana said CEO The fi rst phase of TRX Residenc- will off er a total of 2,400 homes.
    [Show full text]
  • Greater Kuala Lumpur: Bridge Between Asia and the World Why Greater Kuala Lumpur Is the Ideal Business Hub for Regional and Global Companies
    www.pwc.com/my Greater Kuala Lumpur: Bridge between Asia and the world Why Greater Kuala Lumpur is the ideal business hub for regional and global companies July 2017 This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PwC, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. ©2017 PwC. All rights reserved. “PricewaterhouseCoopers” and/or “PwC” refers to the individual members of the PricewaterhouseCoopers organisation in Malaysia, each of which is a separate and independent legal entity. Please see www.pwc. com/structure for further details. 2 Greater Kuala Lumpur: Bridge between Asia and the world Foreword Asia remains the world’s growth driver, and Greater Kuala Lumpur is at the heart of it In PwC’s World in 2050 report, released earlier this year, Foreign investors are particularly interested in using we continue to foresee the shift in global economic power Malaysia and Greater KL as their regional operational away from established advanced economies towards hub to tap into the growing opportunities in emerging emerging economies in Asia.
    [Show full text]
  • 2016 AL-SALĀM REIT Annual Report
    2016 Annual 2016 Report AL-SALĀM REAL ESTATE INVESTMENT TRUST INVESTMENT REAL ESTATE AL-SALĀM 2016 AL-SALĀM REIT Annual Report Managed by: DAMANSARA REIT MANAGERS SDN BHD (717704-V) www.alsalamreit.com.my Section 1 Corporate Overview 5 | At a Glance 6 | Invesment Policy, Objectives & Strategies 7 | Corporate Profile 8 | Corporate Information Letter to Stakeholders 9 | Salient Features 11 | Key Milestones 12 | Financial Highlights 15 | Trading Performance 16 | Contents Section 2 Key Drivers 18 | Trust Structure 19 | Organisation Structure The Board of Directors 20 | The Shariah Committee 28 | Management Profile 30 | Table of Table Section 3 Section 5 Sustainability of Financial Reports Performance 90 | Manager’s Report 34 | Management Discussion & 96 | Independent Auditor’s Report Analysis 101 | Statement of Profit or Loss and Other 47 | Investor & Public Relations Comprehensive Income 50 | Market Report Summary 103 | Statement of Financial Position 54 | Summary of Investment 105 | Statement of Changes in Equity Portfolio 106 | Statement of Cash Flows 108 | Notes to the Financial Statements 148 | Statement by the Manager 149 | Statutory Declaration 150 | Shariah Committee Report 151 | Trustee's Report 152 | Analysis of Unitholdings Section 4 Foundation of Corporate Governance 68 | Board Charter 76 | Corporate Governance Report 85 | Audit Committee Report 87 | Statement on Risk Management and Internal Report Al-Salām REIT Corporate Overview 5 | At a Glance 6 | Invesment Policy, Objectives & Strategies 7 | Corporate Profile 8 | Corporate Information 9 | Letter to Stakeholders 11 | Salient Features 12 | Key Milestones 15 | Financial Highlights 1 16 | Trading Performance 2016 Annual Report 5 At a Glance 17 58 14 61 18 55 13 17 Property Revenue 17 NPI Value (%) 12 (%) (%) 8 10 Legend Retail Office F&B Restaurant F&B Non- Restaurant Net Property Gross Income Revenue RM56.9 million RM76.1 million Market Gross Capitalisation (as at 31 December 2016) Floor Area RM620.6 The 1.9 million sq.
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET The residential market continues to remain lacklustre with lower volume and value of transactions recorded. ECONOMIC AND MARKET INDICATORS Limited project completions and new Malaysia’s economy expanded at a launches of high end condominiums / slower pace in 2015 with Gross Domestic residences during the review period. Product (GDP) growing at an annual rate of 5.0% (2014: 6.0%). For 2016, the Government has trimmed the country’s Growing pressure on rentals amid GDP growth forecast to 4 - 4.5% due to strong supply pipeline (existing and the volatility in crude oil prices and other new completions) and a challenging economic challenges. GDP continued rental market while prices in to moderate in the first quarter of 2016, the secondary market generally posting 4.2% growth, its slowest since continue to remain resilient. 3Q2009 (4Q2015: 4.5%), driven by domestic demand. Private consumption expanded by 5.3% while private Developers adopt innovative ‘push investment moderated to 2.2%. marketing’ strategies to boost Headline inflation for April 2016 registered at sales of selected projects and 2.1%. It is expected to be lower at 2% to 3% improve revenue. this year, compared to an earlier projection Aria of 2.5% to 3.5% and will continue to remain stable in 2017. (432 units) and The Residences at The Meanwhile, labour market conditions St. Regis Kuala Lumpur (160 units). continued to weaken with more retrenchment of workers, particularly in By the second half of 2016, the scheduled the manufacturing, mining and services completions of another five projects will sectors.
    [Show full text]
  • Newsletter-April 2017 5
    FREEHOLD APRIL 2017 EKOVEST PP18916/11/2015(034379) TOP ASIA AWARD FOR SUKUK ISSUANCE SOME THINGS ARE DUKE 3 Worth Treasuring PRIME MINISTER'S VISIT In Life TO RIVER OF LIFE SITE River Beautification In Precinct 7 EkoCheras Mall EKOCHERAS EQUATES EARTH-CONSCIOUSNESS SUSTAINABILITY EkoCheras BEST MIXED DEVELOPMENT EkoRiver Centre (KL River City) REDEFINED by Ekovest Berhad LAVISH YOURSELF IN THE HEART OF THE CITY LIKE NEVER BEFORE Embrace uber modern contemporary living. Inside and outside. From lavish living space full of natural light to leisurely outdoors filled with breezy style and comfort. EkoTitiwangsa is a living icon connected to a 7-storey shopping mall (approx. 600,000sf) with a breathtaking view of the stunning KL skyline. Not Least, EkoTitiwangsa is located along Titiwangsa, right next to the DUKE Highway and KL River City. Offering exceptional accessibility, these 3 blocks of freehold service apartments are the answer to urbane living in luxury suites ranging from 820sf to 1340sf, as well as immense safety via 24-hour CCTV surveillance with 3-tier security complete with smart card access and guard patrol. EKOVEST BERHAD DEVELOPER HEAD OFFICE EKOVEST BERHAD SALES GALLERY Ground Floor, Wisma Ekovest, No. 118, No 122, Jalan Desa Gombak 1, Ekovest Land Sdn Bhd (549480-K) Jalan Gombak, 53000 Kuala Lumpur. 53000 Kuala Lumpur. +603 4032 1881 (A wholly owned subsidiary of Ekovest Berhad) T : +603-4021 5948 F : +603-4032 1771 GPS Co.: N 3°11'38.6" E 101°42'18.5" www.ekotitiwangsa.com E : [email protected] fb.com/Ekovest Berhad
    [Show full text]
  • Kuala Lumpur Office
    Asian Cities Report – 2H 2019 REPORT Savills Research Kuala Lumpur Offi ce Kuala Lumpur Offi ce Strong interest in quality offi ce space is being led by the expansion of fl exible space operators NEW SUPPLY GRAPH 1: Greater KL Offi ce Stock, 2010 to 1H/2019 Stock of offi ce space in Greater KL, the single largest offi ce market in ASEAN, stands at approximately 126 million sq ft, with the completion of four new offi ce buildings KL City The Rest of Greater KL Greater KL contributing 1.08 million sq ft in 1H/2019. 140 125.3 126.4 The fi rst offi ce tower within the Tun Razak Exchange, namely Menara Prudential, 120.4 115.4 was completed this year and serves as the headquarters for Prudential Assurance 120 111.5 105.4 Malaysia Bhd. The KYM Tower in Mutiara Damansara and Symphony Square in 102.2 97.9 Petaling Jaya were also completed in early 2019. With the exception of the EkoCheras 100 91.5 86.7 Offi ce Suites, the other three new buildings are single-owned en-bloc buildings, built with quality features and modern specifi cations. 80 By the end of 2019, the stock of offi ce space is expected to expand by 3.8 million sq 60 ft, touching approximately 130 million sq ft – with the completion of Southeast Asia’s tallest building, The Exchange 106, which will replace the Petronas Twin Towers as MILLION SQ FT 40 the tallest building in the country. This landmark offi ce tower, located within the Tun Razak Exchange (TRX), stands at 492m tall, off ering 2.4 million sq ft of column- 20 free offi ce space with spacious fl oor plates ranging from 22,000 to 34,000 sq ft.
    [Show full text]
  • Sunway Vivaldi, Sri Hartamas, Kuala Lumpur
    iProperty.com Malaysia Sdn Bhd Level 35, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Tel: +603 6419 5166 | Fax: +603 6419 5167 For Sale - Sunway Vivaldi, Sri Hartamas, Kuala Lumpur Reference No: 101062709 Tenure: Freehold Name: Melissa Low Address: Jalan 19/70A, Sri Hartamas, Occupancy: Tenanted Company: IQI Realty Sdn Bhd - Desa Sri 50480, Kuala Lumpur Furnishing: Partly furnished Hartamas State: Kuala Lumpur Unit Type: Penthouse Email: [email protected] Property Type: Condominium Land Title: Residential Asking Price: RM 6,000,000 Property Title Type: Strata Built-up Size: 9,085 Square Feet Facing Direction: South Built-up Price: RM 660.43 per Square Feet Posted Date: 07/09/2021 No. of Bedrooms: 5+3 Facilities: BBQ, Parking, Jogging track, No. of Bathrooms: 6 Playground, Squash court, Tennis court, Gymnasium, Swimming pool, 24-hours security, Club house, Jacuzzi, Sauna, Wading pool, Cafeteria Property Features: Kitchen cabinet,Balcony,Bath tub,Garden,Air conditioner ****GOOD VALUE FOR MONEY WITH AN AMAZING VIEW OVERLOOKING KLCC , KL TOWER, HARTAMAS AND BANGSAR- AVAILABLE FOR SALE******** IMAGES ARE ACTUAL IMAGES OF THE UNIT UNIT IS CURRENTLY TENANTED, NATURALLY LIGHTED AND VERY WELL VENTILATED ****** VIEW TO APPRECIATE ***** DESCRIPTIONS: -Within easy reach to shopping malls, business centers, walking distance to Garden International school, cafe, restaurants, medical center and golf clubs. GARDEN INTERNATIONAL SCHOOL - 2 mins / < 1 km PUBLIKA - 5 mins / 3.4 km DAMANSARA HEIGHTS - 8 mins / 4 km BANGSAR - 10 mins / 8 km KL CITY CENTRE - 15 m.... [More] View More Details On iProperty.com iProperty.com Malaysia Sdn Bhd Level 35, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Tel: +603 6419 5166 | Fax: +603 6419 5167 For Sale - Sunway Vivaldi, Sri Hartamas, Kuala Lumpur No photo available for this listing.
    [Show full text]