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Friday, april 24, 2020 . issue 3116/2020 . PP19055/06/2016(034530) PRINT + DIGITAL

Do you miss Live ep ep going to your favourite Will malls be empty mall? Are feature04 feature10 you looking in the new normal? forward to visiting it Let’s share the Hotel again after the MCO is lifted? burden of Covid-19 closures With Tan Sri Teo Chiang Kok, construction and layoffs Tell us by taking part in Valerie Ong Pui Shan and HC Chan delays, says PAM inevitable EdgeProp ’s Survey LIVE Fireside Chat On EdgeProp Malaysia’s CLICK HERE Facebook Page FREE to join Friday, 24 April @ 2:00 pm Is this the CLICK HERE TO REGISTER Will the Malaysian economy and the property sector mother of survive the onslaught of the Covid-19 pandemic? How? all crises? Read Pages 6 to 8.

Subscribe to pullout Stay updated on for FREE! the latest news at www.EdgeProp.my EP 2 Friday april 24, 2020

News highlights from www.EdgeProp.my Click HERE New EMCO at Selayang for video and more wholesale market area photos

Putrajaya on Monday announced its • Parcel E2: Taman Sri Murni Fasa 1, sixth enhanced movement control Jalan 1/2D, order (EMCO) at Pusat Bandar Utara • Parcel E3: Taman Sri Murni Fasa 3, and the areas surrounding the Selayang Jalan 1/2B, Kuala Lumpur wholesale market also known as the • Parcel F: Taman Batu View and Kuala Lumpur wholesale market. Taman Batu Hampar, Kuala Lumpur Senior Minister Datuk Seri Ismail Ismail Sabri also explained that the Sabri Yaakob said the government has areas to be closed are the residential decided to have the EMCO in these areas around the market, while the The Edge Property Sdn Bhd (1091814-P) areas bases on the advice of the Health Selayang wholesale market itself will Level 3, Menara KLK, Ministry, a daily reported. operate as usual during the EMCO No. 1 Jalan PJU 7/6, Mutiara The duration of EMCO in the areas period. Damansara, 47810 , Selangor, Malaysia will be from Monday until May 3. The “All residents are requested to stay eight parcels in the city under the calm and fully co-operate with the latest EMCO are: personnel of the Ministry of Health EdgeProp.my EdgeProp.my

• Parcel A: Jalan 6/3A, Pusat Bandar (MOH) and to comply with all the | Managing Director/Editor-in-chief Utara, Kuala Lumpur directives of the authorities. Au Foong Yee • Parcel B: Jalan 6/3A and 9/3A, Pusat “Residents who need assistance or

Editorial Bandar Utara, Kuala Lumpur have any questions can contact the Executive Editor Sharon Kam • Parcel C: Jalan 2/3A, Pusat Bandar DBKL MCO Operations Room at 03- Assistant Editor Tan Ai Leng Utara, Kuala Lumpur 4026 7222 or the Sentul IPD Control Deputy Chief Copy Editor James Chong • Parcel D: Jalan 2/3A, Pusat Bandar Centre at 03-4048 2212,” he told a press Copy Editor Utara, Kuala Lumpur conference after chairing a meeting of Arion Yeow Senior Writer • Parcel E1: Taman Sri Murni Fasa 2, the Special Ministerial Committee on Rachel Chew Jalan 1/2D, Kuala Lumpur the MCO. Y en eing p ictures by Low Writers Natalie Khoo, Chin Wai Lun, Chelsey Poh Art Director Sharon Khoh Senior Designer Jun Kit Designer Rajita Sivan REITs to temporarily exceed the tation of preventive measures in the Raise electricity gearing limit of 50% for a period community. For New Launches/Events/ HOTLINES Press Releases/News Tips tariff discount for of 12 months, on a case-to-case Dr Noor Hisham said border con- email: [email protected] basis, provided the affected REIT trol is crucial to prevent people with Tel: (03) 7721 8211 Fax: (03) 7721 8280 malls and hotels to For COVID-19 screening has obtained the sanction from its or tests, contact the Health infection coming to Malaysia. Advertising & Marketing 25%, urges MRMA unitholders. Ministry’s Crisis Preparedness So far, 95 Malaysians who re- Associate Account Director, The Malaysian REIT Managers As- turned from overseas brought the Advertising & Marketing and Response Centre (CPRC) Heidee Ahmad (019) 388 1880 sociation (MRMA) is calling for more Tel: 03-8881 0200, virus with them. He said attention Senior Account Managers relief measures to help Malaysian should also be given to movement Ian Leong (012) 359 1668 New Sime Darby 03-8881 0600 Cecilia Too (012) 319 7666 real estate investment trusts (M-RE- Property group MD and 03-8881 0700 control to avoid infection from one Sharon Lee (016) 330 1571 ITs) mitigate the adverse impact from person to another. Account Manager prepares ‘to chart from 8.30am to 5pm daily Joane Tan (012) 377 2885 the Covid-19 pandemic. Or Email: [email protected] It has proposed to the govern- new history’ Marketing Support & Ad Traffic Comply with Madeline Tan (03) 7721 8218 ment to consider a further discount Wednesday marked the first day of For more information, go to email: [email protected] MCO SOPs or incur on electricity tariff and waiver of Datuk Azmir Merican Azmi Merican’s CPRC Telegram channel at imbalance cost pass through for six tenure at Sime Darby Property Business Development https://t.me/cprckkm higher costs Manager months. Specifically, the associa- Bhd as group managing director. Construction companies which are Nimalen Parimalam (014) 324 3193 tion has called for an increase from However, it is not business as usual For queries on the Restricted allowed to operate during the Move- AGENCY SALES 15% to 25% in the electricity tariff amid the Covid-19 pandemic and the Movement Control Order, ment Control Order (MCO) period Sales Manager discount accorded to hotels, retails Movement Control Order (MCO) for must ensure that their employees Stannly Tan (012) 538 1687 call 03-8888 2010. malls, conventions and exhibition the newly minted head of Malaysia’s are free of Covid-19 or face higher Product Development centres, commercial and industrial largest property developer in terms costs to cover all costs of treatment. & Customer Advisory Senior Manager properties, for six months up to Sep- of landbank. “We will realign our immedi- Senior Minister (Infrastructure Elizabeth Lay (012) 512 1687 tember 2020. ate priorities, bolster our position Cluster) Datuk Seri Fadillah Yusof Associates Omar Nawawi (012) 537 1687 It also called for a waiver of as- and sustain our business standing who is also Works Minister said Nazrin Hakimin (017) 368 6061 sessment fee and quit rent for one amidst the current situation. Our among the main requirements for year; liberalisation of withholding future depends on our ability to be construction companies to operate For enquiries and listings email: [email protected] tax on M-REITs income distribution resilient and we will have to remain were by ensuring that their workers Tel: (03) 7733 9000 to all resident individual unitholders; focused on identifying opportunities were Covid-19 negative and that all EdgeProp.my pullout is published reduction in interest and financing while adjusting to the new norms so workers’ health examinations in- by The Edge Property Sdn Bhd. rate to 3% for at least six months; that we can sustain our performance cluding hospitalisation costs would You can download it for free at www.EdgeProp.my automatic six-month moratorium and remain competitive,” he said. be borne by the company. on financing facilities repayment or “This means that even if there payment; and double deduction of is only one (positive Covid-19), the The Edge Malaysia borrowing costs for half a year. MOH outlines six project will be halted and there is Publisher and Group CEO In addition, MRMA has sought criteria before MCO a mandatory screening for all. This Ho Kay Tat the authority’s consent to allow for The former UEM Edgenta Bhd can be lifted will surely cost them even more. managing director and CEO told The Ministry of Health (MOH) has “So, it is best to obey all stip- Editorial Azam Aris EdgeProp.my that things are differ- outlined six criteria that should be ulated SOPs (standard operating Editor-in-chief Get Corporate breaking ent from what he would have im- met before the government can lift procedures) so that the project can Chief Operating Officer property agined. the Movement Control Order (MCO) run without interruption,” he told a Lim Shiew Yuin news delivered “[My appointment] comes at a which is slated to end on May 12. media conference on Construction Advertising & Marketing to you daily via Chief Commercial Officer time where most of us are required Health director-general Datuk SOP during MCO on Wednesday. To WhatsApp! Sharon Teh (012) 313 9056 to remain at home while trying to Dr Noor Hisham Abdullah said they date, over 19,000 applications had General Manager Fong Lai Kuan (012) 386 2831 To subscribe maintain some semblance of a nor- are: security control; movement been received, of which only 1,856 Senior Sales Manager 1. Add +6018 290 2116 mal working routine. Nevertheless, control; capability of the country’s have been approved thus far while Gregory Thu (012) 376 0614 to your contact I am excited and looking forward healthcare system; ability to protect about 7,000 have been rejected. An- Head of Marketing to the beginning of my journey with the high-risk group; ability to prac- other 8,000 more are in the process Support & Ad Traffic list as EdgeProp Lorraine Chan (03) 7721 8001 News. Or scan Sime Darby Property. It is a welcome tise the new normal; and implemen- of evaluation. this QR code. change of scene and with a great 2. Send us a WhatsApp with team behind me, I believe we are How do I get past issues of this weekly pullout? "NEWS" and your full ready to chart a new history (for Go to www.EdgeProp.my to download for free name in the message. the company),” Azmir shared with EdgeProp.my via email. Friday april 24, 2020 EP 3

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Let’s share the burden of Covid-19 construction delays,mah says PAM

patrick goh | THE EDGE By Chelsey Poh

ven if the Covid-19 Covid-19 calls for rethinking Movement Control Or- der (MCO) ends, don’t of housing design expect construction With people staying at home for long hours during works to resume and the Movement Control Order period in Malaysia, progress as per normal. The Malaysian Institute of Archi- many have come to realise just how crucial it is Etects or PAM president Lillian Tay to one’s comfort and sanity to be able to stay in a told EdgeProp.my that it will take sustainably-designed home. some time before construction can The Covid-19 outbreak and the ensuing MCO have be done in full capacity after the given the chance for house buyers, developers and MCO is lifted as Covid-19 precau- tionary measures that must be ad- city planners to rethink the importance of housing hered to post MCO are expected to that are designed for healthy living, said Malaysian slow down work progress. The MCO Institute of Architects (PAM) president Lillian Tay. has been in place since March 18 While going high density may be unavoidable and after three extensions, is now especially in highly populated cities, good design and slated to end on May 12. planning could offer homeowners a good quality and While construction sites will need to adopt preventive guide- comfortable life. lines to prevent the spread of the virus, Tay said machineries such as lifts at construction sites that have stopped working for a pe- riod of time, will also need to be tested and be inspected by the au- thorities before they can be oper- ational again. Under the third phase of the MCO period, certain construction works were allowed, including critical works, projects with at Click to view least 90% physical completion, projects where G1-G2 contractors snippets from as main contractors (undertaking the interview projects not exceeding value of just need to take more measures RM500,000) and others. Only up specifically to tackle the pandem- with Tay to 50% of the required workforce ic, such as social distancing,” she was allowed to resume work at elaborated. construction sites. The construction industry will also need to follow Who should bear the cost? guidelines by the Ministry of Works In project delays under normal and the Construction Industry De- circumstance, house buyers would velopment Board (CIDB). expect compensation from devel- The guidelines are based on the opers based on their sales and Ministry of Health’s suggestions as purchase agreement (SPA). How- well as the health and safety guide- ever, when it comes to delays due where project delays are inevitable, Good ventilation Safe balconies lines stipulated by the Department to the unforeseeable pandem- Tay urged all stakeholders to meet of Occupational Safety and Health ic, the question that is begging and discuss what the fair compen- Fortunately, we live in a country For high rises, balconies (DOSH). for an answer is: Who should bear sation is and the reasonable exten- with a gentle climate that have become people’s Post MCO, the rest of the other the cost? sion of time (EOT) to construction. allows windows to be opened ‘escape’ from the so- construction projects are expected She expects more discussions all year long. While we were called four walls indoors, to resume but with the precaution- related to contracts to arise soon happy to make air conditioning especially if you can’t step ary measures in place. “Everyone should as contractual issues will appear the primary option at home out of the building freely “Everyone needs to have dis- not only between buyers and de- in the past, the pandemic has to enjoy the outdoors like cipline and solidarity to stick to share the burden as velopers, but also across the prop- reminded us the importance of during the MCO period. A the precautions,” Tay stressed, al- no one should expect erty development supply chain. natural ventilation for healthier spacious balcony designed though these precautions could She believes the matter needs to and sustainable living. Hence, with safety in mind mean slower work progress and to take ‘benefit’ from be addressed by the Ministry of open-able windows should not would therefore be much additional costs. the crisis.” — Tay Housing and Local Government. be sacrificed for other design appreciated, especially for Tay noted that the health and “The government has been get- propositions. families. safety measures at various project ting inputs from all stakeholders. types and stages would be differ- Hence, I am optimistic we can come ent as work conditions and labour There is no one to blame in a up with a fair and reasonable solu- Visible greenery intensity differ. pandemic like this one and cer- tion so that everyone is taken care “It is the contractors’ responsi- tainly no one should benefit while of as much as possible,” Tay added. The outdoors never looked more inviting bility to ensure that people at the others suffer losses, Tay opined. To recap, the Real Estate and than when we have to be ‘confined’ in site are not exposed to additional “While developers suffer from Housing Developers’ Association our homes so, any visible greenery safety and health risks. income reduction and increased Malaysia (Rehda) has been call- or pleasant views of nature would be “Contractors will need to make costs, buyers have also incurred ing for an all-encompassing force much appreciated and offer some relief. the actual decisions, and architects costs related to the purchase. majeure exemption bill or a COV- While green spaces within the building are to monitor and make sure that “I believe that everyone should ID-19 (Temporary Measures) Bill to (if any) may be limited, trees, gardens, they adhere to good working prac- share the burden as no one should exempt parties who are unable to parks and other scenes of nature would tices,” she added. expect to take ‘benefit’ from the meet contractual obligations, from provide a welcome change to the eye “Construction is already a crisis,” she pointed out. penalties that would be imposed and a balm to the soul. well-regulated industry, now we In light of the current situation under normal circumstances. Friday april 24, 2020 EP 5

Fireside Chat Live Will malls be empty in the new normal? Footfall in retail centres has ground to almost a complete halt. It is not business as usual. Will it ever FREE be again? What will be the new norm for malls? to join

JOIN US LIVE WHEN Friday, as we hear from industry 24 April @ 2:00 pm leaders, Tan Sri Teo EdgeProp Chiang Kok, Valerie Ong WHERE Malaysia’s FB Page Pui Shan, & HC Chan.

Tan Sri Teo Valerie Ong HC Chan Chiang Kok Pui Shan Chief Executive Officer, • President, Malaysia Shopping Group Chief Sunway Malls & Malls Association (PPK) Executive Officer, Theme Parks KIP Group of Companies • Director, 1 Utama

Moderated by Au Foong Yee PM us on FB.com/myedgeprop Managing Director & Editor-in-Chief, or CLICK HERE to register now! EdgeProp Malaysia www.EdgeProp.my EP 6 Friday april 24, 2020 cover story How is this crisis different?

By edgeprop.my “For people my age, it can be in that the property market today has called the mother of all crises. But more high-rise projects. I am con- he ongoing Covid-19 outbreak has for a 30-year-old listening to this, there fident that landed homes in good put a large dent on the global econ- could be a bigger crisis in future — locations will not have problems, it omy. The question is, can the coun- we’ll never know. But to me, each has always been the fastest proper- try’s property sector weather this Fireside Chat crisis is different. ty segment to recover, but high-ris- unprecedented storm? Could the Will the Malaysian “This time around it is different es will face some resistance. Other- lessons from previous economic Property Sector given that there is no ongoing work wise, I’m optimistic about the market crises provide us some navigation through this, Survive this Mother for a period of time and looking at the although it may take a bit long,” he said. Talthough it must be said that we are sailing in of All Crises? way the exit strategy is derived,” said uncharted waters? Soam, adding that it will be a while At the EdgeProp.my Facebook Live Fireside before a light can be seen at the end The new normal Chat on April 17 titled “Will the Malaysian Prop- of the tunnel. in doing business erty Sector Survive this Mother of All Crises?”, Missed the live Rehda Institute’s Ng concurred with Rehda Institute’s Ng, who is also the three industry veterans provided some clarity Soam that this is indeed the mother Malaysian REIT Managers Association on what property buyers and investors should session? CLICK of all crises as the country has never (MRMA) chairman, urged property expect as they discussed the current pains plagu- seen all businesses and social activities stakeholders to embrace the change ing the industry. HERE to view completely shut down due to move- in the way business is done for now The live event attracted some 23,000 views the video. ment restrictions and lockdowns, not and the future. with a deluge of questions posed to the panel just in Malaysia but on a global scale. which consisted of Perbadanan PR1MA (PR1MA) “Nevertheless, the good thing is Malaysia chairman Tan Sri Eddy Chen, Real that the governments and the central The new normal… Estate and Housing Developers’ Association Also banks [of each country] are reacting to (Rehda) Malaysia president Datuk Soam Heng CLICK HERE inject as much liquidity into the mar- to view the EdgeProp.my • Embrace change in Choon and Rehda Institute chairman Datuk ket as possible. As a result, there is a business operations Jeffrey Ng, with EdgeProp Malaysia managing FB Live Fireside Chat on compensating stimulus to keep the director and editor-in-chief Au Foong Yee serv- Undervalued Properties economy floating, so to speak. • Expect to rely on ing as the moderator. “But during this MCO period in technology: virtual — Opportunities “This is not the time for business as usual. Malaysia, seeing literally sharp drops seminars/forums/ For the first time in six decades, Asia’s econom- or Risk? in revenues and sharp drops in cash ic growth this year will grind to a halt with zero flow is something I personally have virtual tours expansion. Such was the prediction of the In- never experienced before. If we can all • Be more innovative ternational Monetary Fund (IMF) and Asia is get through this [with a lot of support and creative not alone in this. These are highly challenging from the authorities], it will be quite times for the global economy as well,” said Au an experience,” said Ng. as she kicked off the Fireside Chat. “Moving forward, we need to live “The only certainty, if there is any at all, is that with the new normal, for example, there are a whole lot of uncertainties. The world “Higher than the expect more virtual fireside chats like we know is changing. Malaysia has emerged from last high” this and more requests for virtual show crises before. This time around, will the property As a property developer who has sur- unit tours… We need to be innovative sector survive the mother of all crises?” she said vived previous economic crises includ- and embrace the change,” Ng shared. as she set off the discussion. ing in 1997 and 2008, Chen holds an He also urged the public to not be optimistic view on market recovery. too anxious about the current move- “Based on history, I believe the ment in property prices but instead, But… is this the mother market could recover after the next focus on how to boost the economy in of all crises? two to three years of slowdown. terms of productivity and overall income. “We don’t know yet (whether this is the moth- While some developers are look- “We don’t have to be over-worried er of all crises). Back then, in the 1997 Asian “To me, this is just ing to cut overhead cost and defer about property prices coming down. Financial Crisis, we thought it was going to be new project launches, I believe all The property market is cyclical, hence very severe but within two years, there was a another crisis we these are temporary because the it’s normal for the prices to fluctuate. rebound,” offered Chen, who was Rehda presi- have to weather next high is always higher than the When the price comes down, it will dent from 1998 to 2002. last high, based on history.” go up next. Instead, our biggest con- “To me, this is just another crisis we have to through. We could However, he added, a recov- cern should be on how to increase weather through. We could perhaps see signs of perhaps see signs ery will depend on how the world the country’s productivity and adjust a rebound maybe from late next year,” said Chen, of a rebound solves the pandemic and how long the mismatch between cost of doing who is also MKH Bhd group managing director. it takes for confidence to be re- business and homebuyer’s ability in Meanwhile, Rehda’s Soam said this is the worst maybe from late stored. purchasing property,” he commented. crisis he had ever seen to date mainly because next year.” — Chen Soam, on the other hand, said Hence, he hopes the government of the Covid-19 pandemic which has resulted recovery may not be as quick could roll out more stimulus packages in a Movement Control Order (MCO), putting this time around. specific for certain sectors such as the a majority of businesses to a halt for more than “We are having a different property sector, to drive the market for- a month since March 18. situation from the 1997 crisis ward and to restore market confidence. Friday april 24, 2020 EP 7 cover story

Fireside Chat Measures that could prop up the property sector

Will developers reduce At the EdgeProp.my Facebook Live Fireside Chat on April 17 titled “Will the property prices? Whether property developers will lower the prices Malaysian Property Sector Survive this Mother of All Crises?”, Perbadanan of their products in light of the current economic PR1MA (PR1MA) Malaysia chairman Tan Sri Eddy Chen, Real Estate and Housing downturn and the Covid-19 pandemic would de- pend on how desperate the developers are, but Developers’ Association (Rehda) Malaysia president Datuk Soam Heng Choon Soam believes property prices in general will drop and Rehda Institute chairman Datuk Jeffrey Ng shared their thoughts on although it would be difficult to put a figure on the quantum. “How big a drop depends on supply and measures that could get the economy and the property sector, which has been demand, the property type, the location and other pummelled by the Covid-19 outbreak, on track to recovery. factors,” he offered. Meanwhile, Chen said this could be an opportu- nity to reduce the overhang in the property market, as developers would not be so resistant to lowering on the wagon, so cooling measures involved in setting up a centralised their property prices this time round. Extend HOC were implemented. By 2017/2018, the data system including the Statistics “If you are looking at cash flow and survival, market had already slowed down a lot, Department. then you may be less resistant to lowering prices,” incentives but the government has not lifted the "When it is done, it will not only be he said, adding that in the 1997/1998 Asian Finan- One suggestion was cooling measures,” he said. useful to developers but everyone in- cial Crisis, some developers had to reduce their to bring back the Among the cooling measures intro- cluding purchasers. Hopefully in the prices by as much as 30% to 40%. nationwide Home duced then were revisions to the Real next one or two years we will have it Both Soam and Chen agreed that the secondary Ownership Cam- Property Gains Tax (RPGT), removal of up,” he added. market may be harder hit although it will not see paign (HOC) which the Developer Interest Bearing Scheme a surge in fire sales, if any, for at least six months was initiated in 2019 (DIBS) and strict lending policies by — thanks to the loan moratorium offered by Bank to increase home financial institutions. Consider a Negara. But things are uncertain after the mora- ownership among Malaysians and to “Now if the ‘medicine’ is too strong, torium period. address the property overhang in the it is perhaps better to take it away,” tax-free year country. Contrary to perceptions that he opined, considering the impact To wrap up the Fire- the HOC is akin to a “cheap sale”, Re- the Covid-19 pandemic will have on side Chat, moder- hda’s Soam stressed that it is not the the economy and the property sector. ator EdgeProp.my Go to www.EdgeProp.my campaign per se but the incentives editor-in-chief and for more reports from for homebuyers that came with it that managing direc- are crucial in reducing the burden on More transparent tor Au Foong Yee the Fireside Chat. homebuyers. asked each panel- “Everybody thinks it is a cheap sale housing and list for his one wish arising from this just because we [the developers] give Covid-19 pandemic for the property a 10% discount (from the approved development data industry. selling price) but you can get that dis- As the current “If I could only have one wish from “This time around it is different given count even without the HOC as well. property sector the government, it would be to declare that there is no ongoing work for a "More importantly, the HOC is slowdown is also a tax-free year for 2020. This will have about the benefit to homebuyers when contributed by the a great impact on the macro econ- period of time and looking at the way the government comes out to help property overhang omy as it will boost market liquidity the exit strategy is derived.” — Soam them reduce their financial burden in the country, and create a great multiplier effect,” such as giving stamp duty waivers for Chen who is also said Chen. loan instruments and on the memo- MKH Bhd group managing director In a soft and uncertain market, he randums of transfer,” he explained. said property developers need great- added, people are waiting for fresh The HOC in 2019 consisted of a 10% er transparency among stakeholders leads to make buying or investment discount off the property selling price to share information and data that decisions, hence any “feel good fac- (provided by developers), stamp duty could help the property industry tor” will create a positive impact on exemption on instruments of transfer avoid a mismatch of property supply the economy. (for the first RM1 million) and stamp and demand. Similarly, Soam also believes that duty exemptions on instruments of According to data from the National reviewing the current tax structure loan agreements (up to RM2.5 million). Property Information Centre (Napic), will help speed up economic recovery. “Call it any other name, but we need the latest data on overhang units in “Certainly, it will help to put money to come up with things that will reduce Malaysia as of 3Q2019 stood at 31,092 in businesses and for people to spend the financial burden on the homebuyer and 24,820 units for residential and more money so that the economy will and stimulate the market. commercial properties respectively. grow. “Buyers have to pay for stamp duty, “We need greater transparency, “For instance, if we take away Sales legal fees, etc. There are a lot of out- more information and this informa- and Service Tax (SST) and move back goings that they have to pay and most tion to be centralised somewhere so to the Goods and Services Tax (GST), homebuyers are first-time buyers. Such that developers can know which prod- there could be a tax-free period like incentives will actually help them,” uct can sell and which one cannot in the last time,” he suggested. Soam concluded, adding that the only a certain area. It will help us to make Although the Covid-19 pandemic thing developers are asking from the investment decisions and avoid an has severely impacted all economic government for themselves is to lower oversupply situation in an area. sectors, it also offered an opportuni- the cost of doing business. "Data centralisation is much needed ty to review certain policies for their and I understand it is a work in pro- relevance, he added. gress now,” Chen said, adding that the Ng too was all for a tax holiday but Reduce property data that are needed include those on wants the government to apply any land conversions, building plans, the stimulus measures it comes up with cooling measures number of units being built in an area across the board rather than to limit- Soam also suggest- and the number of projects coming ed segments, citing for instance stamp ed that it is time to up, among others. duty waivers for homebuyers which call off the cooling "We have done feasibility studies, are limited to affordable housing pur- measures imposed but we lack certain data. We may think chasers. on the property we are the only developer in an area, “If they are extended across the market since 2014. but we suddenly find that there are board, especially during such a time, it “Between 2010 10 others building in the same place." could boost the property industry and and 2013, when there was a boom in Meanwhile, Soam said a few gov- the final impact will be filtered down the market, many investors jumped ernment departments are currently on the economy,” he said.

CONTINUES NEXT PAGE EP 8 Friday april 24, 2020 cover story

FROM PREVIOUS PAGE

Consider REITS as alternative Fireside Chat in property investment

“Blooming industries like s work-from-home becomes a new Meanwhile, Rehda Institute chairman and pres- norm, it is expected that demand for ident of the Malaysian REIT Managers Association healthcare, e-commerce physical office spaces will be reduced. Datuk Jeffrey Ng suggested that investors who are and education will be the However, industry veterans reckoned interested in commercial properties but afraid of next drive for the property Athat commercial properties still have their in- the high risk should consider investing in real es- vestment value, depending on their location and tate investment trusts (REITs). market but it’s not viable pricing. “Leave the headache to professional REIT man- for individuals or com- MKH Bhd group managing director and Per- agers as they know what they are doing,” he said. badanan PR1MA (PR1MA) Malaysia chairman “Even with the gloomy market due to the Cov- panies to buy these Tan Sri Eddy Chen said while these properties id-19 outbreak, there are certain ‘sunrise busi- big-ticket items, may not be doing well in the near term due to the nesses’ that investors should look at — healthcare, weak economic conditions and evolving needs, e-commerce and education. hence investing commercial properties continue to serve their “These blooming industries will be the next in REITs will be purpose in the long term. drive for the property market but it’s not viable for “Do expect the market for the commercial seg- individuals or companies to buy these big-ticket a better way.” ment to remain soft for another one or two years, items, hence investing in REITs will be a better — Ng but people with money and means will still be way,” Ng added. looking for good bargains in the market,” he said. The industry veterans shared these views during Real Estate and Housing Developers’ Associa- the EdgeProp.my Facebook Live Fireside Chat tion (Rehda) president Datuk Soam Heng Choon titled "Will the Malaysian Property Sector Survive noted that the usage and interest for investment this Mother of All Crises?” on April 17. The session properties, including commercial and industrial was moderated by EdgeProp Malaysia managing will decline in the mid-term as people’s immedi- director and editor-in-chief Au Foong Yee. ate priority is to conserve cash and not to channel Au surmised that investing in commercial prop- money into property investment. erties is no different from residential properties. “Be Having said so, he added that buyers who are discerning about the location and other attributes eyeing “a good catch” should take this opportunity of the property. Likewise, for REITs, one must be to buy from owners who are cashing out, provid- discerning about the selection as well. A lot of malls ed that the property is in a good location and the are also going through a very hard time right now. buyer has the risk appetite for it. Investors must be very, very cautious,” she said.

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Hotel closures and layoffs inevitable

mah 123rf By Chelsey Poh Resorts World Genting he Covid-19 pandem- has shut down its ic and ensuing lock- resorts at Genting, downs like the Move- Awana, Kijal and ment Control Order Langkawi until the (MCO) in Malaysia MCO ends. have impacted the travel and tourism sector badly Tand it is not unexpected to hear of hotels closing for the time being In Malaysia, the government has provided much needed aid as an- nounced in its economic stimulus packages in light of the pandemic but it may not be enough to save the weaker players in the industry from collapsing. Yap: Based on the current situation, Malaysian Association of Hotels we are estimating up to 30% (MAH) chief executive officer Yap closures over six months. Lip Seng tells EdgeProp.my that full haris hassan or partial closures for six months to a year or even permanent shut- downs are possible as the industry does not expect to see travel to pick up in the coming months if not years as long as the virus continues to rear its head and no vaccine is CEO Previndran Singhe also be- ready for the masses. lieves that more closures and lay- Hotel occupancy in Malaysia (2020) “Based on the current situation, offs are likely. (% Occupancy rate) we are estimating up to 30% clo- “The measures and aid from the 60 Sampling size: sures over six months (from when stimulus packages could ease part 94,133 rooms the MCO began on March 18) ei- of the burden, but hotels have many 50 55% ther permanently or temporarily,” other costs to bear. With insuffi- 44% he says. cient income, there will definite- 40 32% Data from the National Prop- ly be more hotels closing down, 30 erty Information Centre (Napic) and layoffs are inevitable,” he tells 19% 16% showed that there were 3,225 hotels EdgeProp.my. 20 providing a total of 257,195 rooms Previndran: With insufficient 25% 10 as at 3Q2019. income, there will definitely be Tipping point In Ipoh, Perak, after about two While generally all sectors in the 11% more hotels closing down. 0 weeks of the MCO which began on hotel industry will be hurt, Previn- Jan Feb 1-17 18-31 April* May* June* March 18, the 4-star Tower Regency Genting, Awana, Kijal and Lang- dran says resorts would be the March March* (* forecast) Hotel announced that it will cease kawi until the MCO ends. hardest hit until global travel re- operations from April 30 to cut its On April 13, Bursa-listed TA sumes to normal while Yap be- source: MAH R&D Occupancy Survey dated 20 March 2020 losses. Meanwhile, Ritz Garden Ho- Global announced that it temporar- lieves mid-range (three-to four- highly dependent on international travel during this year-end holiday tel in the city had also announced ily closed six of its hotels, of which star) local hotels would be in a dire tourism would also be hit badly, season will help in the recovery. a temporary closure from April 1 five are in other countries and one situation, as they may not be able such as Kuala Lumpur, Selangor, Yap is confident that recovery of for three to six months. is in Malaysia, until further notice. to survive negative cash flow for Kota Kinabalu, Penang and Lang- tourism will eventually come and the “Hotels in Perak are highly de- It was also reported that five more than three months. kawi. These destinations are also surge in tourism demand would be pendent on the domestic market well-known hotels in Melaka are “Mid-range hotels often rely on dragged by an over supply of hotels even stronger than before. “But the which commands a lower yield, expected to close down for good mass market and volume to make and home stay rentals. hardest part is to survive this period”. yet they have to bear similar over- from May 2020. profit. Surveys also show that mid- Yap believes that the next three In the meantime, hotels could heads compared with other states. According to MAH, as at end- range hotels spend 32% on payroll months will be the tipping point use this period to revisit their mar- This leaves them more susceptible March, the local hotel industry has which is the highest of all categories where hotels would be forced to keting strategies, SOPs and policies to external forces beyond their con- already seen 2,041 employees be- of hotels, and earn lowest in terms decide. to be prepared for when the mar- trol,” Yap says. ing laid off. of profit percentage at about 17%,” From a corporate perspective, ket recovers. Meanwhile, Resorts World Gen- Real estate consultancy Zerin Yap adds. the high-end and internation- ting has shut down its resorts at Properties managing director and Hotels in destinations that are al brands or hotel chains will be Repurposing and more likely to survive. “We could planning for the future perhaps see them consolidating To investors, Previndran offers (as at 3Q2019) resources by focusing on one or similar advice. “What existing Number of hotels and rooms by categories two hotels of the same chain in owners can do now is don’t panic. 5-star 4-star an area, while temporarily closing You could plan for the second half 4% 6% others until tourism recovers to a of this year and next year.” healthier point,” Yap offers. Repurposing is an option for hotels. For instance, some hotels 1 Orchid 5-star 2% 15% Recovery to come slow have turned themselves into quar- 3-star Unrated Previndran is not optimistic that antine centres as well as accommo- 10% 27% the tourism market would fully dation for government personnel Total Total Unrated 2 Orchid recover in a short period of time. and medical frontliners. number 2-star 2% number “Recovery may take three to four “We applaud those who go the 49% 8% 4-star of hotels: of rooms: 19% years,” he says. extra mile to help in the battle 3,225 257,195 He believes that domestic busi- against the pandemic. While it is 1-star ness travel will kick-start the recov- important for hotel operators to 5% ery process as few people would act nimble now, these repurposing 3 Orchid 2-star 3-star want to go for a holiday in the would only be a short-term solu- 3 Orchid 3% 7% 22% near term. “For the short term, tion. In the long term it would take 6% there would be less foreign tour- a lot of money for hotels to repur- 2 Orchid 1-star ists as people would be less likely pose,” says Previndran, adding that 1 Orchid 3% 6% 6% to travel across continents,” he although some hotels will go under, says, while hoping that domestic the industry will survive. source: napic Friday april 24, 2020 EP 11

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Sold foR Sold foR

RM2,705,400 (RM835psf) DONE RM1.8 milllion (RM1,018.09 psf) DONE Office unit, Plaza Sentral, DEAL Shoplot, Taman Indah, DEAL Kuala Lumpur Cheras, Selangor Concluded by: Henry Chin (E 1833) Concluded by: Jessica Tung (REN 05827) of November 2019 (+6012 377 8306) of Propnex Realty Sdn Bhd (+6012 381 7783) When: November 2019 When: November 2019

Plaza Sentral is a commercial and a shopping mall have made Taman Indah is a freehold According to Tung, Noteworthy office project located at the offices here very attractive to Noteworthy housing estate in Batu both seller and buyer are • Freehold iconic transit hub in Kuala both property investors and • Freehold intermediate unit 11, Cheras, Selangor property investors — one Lumpur, KL Sentral. As the tenants. These were the same with a mix of residential wanted to cash out while • Built-up: 3,240 sq ft • Built-up: 1,768 sq ft transit hub for the light rail reasons this buyer decided properties and shop lots. In the other was looking to • Mid-floor unit • Two bathrooms transit (LRT), Monorail, KTM to purchase this unit for terms of location, Batu 11 is own a property in a mature Facilities: 24-hour Amenities nearby: Morning • Komuter, KTM Intercity and investment. • close to Balakong, Cheras area for rental income or security, centralised market, post office, banks, the KLIA Express Rail Link, KL The 3,240 sq ft unfurnished Perdana and Bandar Tun for his own business use. air-conditioning, CCTV schools, food court, surveillance in public Sentral also features several office unit was sold at slightly sports centre and various Hussein Onn. Residents in “This shop met the area, covered parking, other prime office towers, above RM2.7 million or an restaurants within walking Taman Indah could access buyer’s requirements lobby reception, fibre serviced residences, hotels, average RM835 psf, a price lower distance; around 14km two MRT (mass rapid in terms of its location optic backbone and shopping mall and retail spaces. than the average transacted to MyTown Shopping transit) stations, namely within a high traffic area. high-speed broadband Plaza Sentral is one of the price of such office units in 2019. Centre in Jalan Cochrane, Batu 11 Cheras MRT Station The price was within his Kuala Lumpur; 20km • Nearby amenities: early development phases by Nevertheless, the seller was and Bandar Tun Hussein budget as well,” she added. Transit hub for LRT, KL Sentral’s master developer, happy for the opportunity to from KLCC, less than 1km Onn MRT station. EdgeProp.my data KLIA Transit and KTM Malaysian Resources Corp Bhd cash out, Chin added. walking distance to Batu Jessica Tung from showed that there were 11 Cheras MRT Station and Komuter; hotels, (MRCB). It is made up of two EdgeProp.my data showed Propnex Realty SdnBhd, six shop lot transactions around 2km to Bandar Tun shopping mall, various phases. Phase one has three that there were three offices who concluded this deal, in the area from 2015 to Hussein Onn MRT station F&B choices, clinics blocks and phase two has four in Plaza Sentral that were sold said Taman Indah is a 2018, with prices ranging and banks Easy access to Cheras- blocks. It is mainly tenanted in 2019 at an average price of • mature housing area and from RM800,000 to RM1.7 Kajang Expressway (CKE) • Easy access to main by technology companies as it RM3.42 million or RM966 psf. the shop areas are always million, or RM380 to and Kajang dispersal Link roads and highways is a MSC status Grade A office As at April, 2020, the packed with people, RM963 psf. such as Jalan Expressway (SILK) building. property portal has 24 sale especially the shops that Online available Damansara, Jalan Henry Chin from Property listings with an average are near the morning listings showed that shop Travers, Jalan Syed Putra and Lebuhraya Express, who concluded the asking price of RM5 million or market and schools. lots in Taman Indah Sultan Iskandar, around deal, said being in KL Sentral RM1,046psf while there were 54 This shop unit fronts the were selling around 10km to KL city centre which offers excellent public rental listings with an average main road of Taman Indah, RM1.9 million to RM2.2 and 5km from Mid transport connectivity coupled asking rental of RM21,323 or close to banks, schools and million, or RM1,079.55 to Valley with amenities such as hotels RM5.36 psf. a hospital. RM1,478.50 psf.

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Mont’

Kiara RM5,000/mth RM1,950,000 RM1,100,000 Solaris Mont Kiara, Mont’Kiara, Seni Mont Kiara, Mont’Kiara, Kiaramas Cendana, Mont’Kiara, is Kuala Lumpur Kuala Lumpur Kuala Lumpur Type: Office Tenure: Freehold Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 1,800 sq ft Built-up: 2,347 sq ft Built-up: 1,645 sq ft Bedroom: 4 Bathroom: 4 Bedroom: 3 Bathroom: 3 Freeman Woo (REN 05026) Kevin Teh (REN 02206) Michelle Tang (REN 35926) #AreaOfTheWeek KITH AND KIN REALTY SDN BHD (E(1)1933) PROPSTAR REALTY (E (3) 1591) MIP PROPERTIES SDN BHD (E (1) 1866) +6012 656 7617 +6013 555 7333 +6012 603 0866

RM600,000 RM3,200/mth RM6,500/mth RM5,000/mth Mont Kiara Bayu, Mont’Kiara, Plaza Mont’Kiara, Mont’Kiara, Plaza Mont’Kiara, Mont’Kiara, Pavilion Hilltop, Mont’Kiara, Kuala Lumpur Kuala Lumpur Kuala Lumpur Kuala Lumpur Type: Condominium Tenure: Freehold Type: Office Tenure: Freehold Type: Office Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 798 sq ft Built-up: 932 sq ft Built-up: 1,907 sq ft Built-up: 1,200 sq ft Bedroom: 1 Bathroom: 2 Bedroom: 3 Bathroom: 2 Jacky Chong (REN 14251) Willis Chew (REN 04661) Eugene Yap (REN 12217) Mervyn Lee (REN 16008) IQI REALTY SDN BHD (E (1) 1584/4) LANDBANC PROPERTY SDN BHD (E (1) 1585) FOCUS ESTATE AGENCY SDN BHD (E (1) 1584) IQI REALTY SDN BHD (E (1) 1584) +6012 363 6864 +6012 393 0991 +6012 625 9888 +6017 366 6774 EP 12 Friday april 24, 2020

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RM9,500,000 RM850,000 RM33,000,000 RM14,500,000 Jalan Kapar, Kapar, Selangor Oasis Ara Damansara, Temasya Niaga, Glenmarie, Taman Perindustrian Putra Type: Factory Tenure: Freehold Ara Damansara, Selangor Selangor Puchong, Puchong, Selangor Built-up: 30,008 sq ft Land size: 49,986 sq ft Type: Shop office Tenure: Freehold Type: Office Tenure: NA Type: Factory Tenure: Leasehold Bathroom: 8 Built-up: 1,223 sq ft Bathroom: 2 Built-up: 55,000 sq ft Land size: 30,000 sq ft Built-up: 18,746 sq ft Land size: 50,530 sq ft

Winny Su (REN 00355) Wenda Tee (REN 31380) Victor Lim (REN 09135) Tay Yen Sing (REN 29659) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) Reapfield Properties (HQ) Sdn Bhd (E (1) 0452) CBD PROPERTIES SDN BHD (E (1) 1197) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) +6017 298 1800 +6013 348 9163 +6019 280 2788 +6012 335 0520

RM1,700,000 RM1,850,000 RM1,900,000 RM795,000 Bandar Teknologi Kajang, Sierra Damansara, SouthLake, Desa Parkcity, USJ 2, , Selangor Kajang, Selangor , Selangor Kuala Lumpur Type: Terraced house Tenure: Freehold Type: Shoplot Tenure: Freehold Type: Semidee house Tenure: Leasehold Type: Terraced house Tenure: Freehold Built-up: 1,405 sq ft Land size: 1,647 sq ft Built-up: 5,720 sq ft Land size: 2,860 sq ft Built-up: 3,000 sq ft Land size: 3,200 sq ft Built-up: 2,200 sq ft Land size: 1,650 sq ft Bedroom: 4 Bathroom: 3 Bedroom: 6 Bathroom: 4 Bedroom: 3 Bathroom: 3

SP Lee (REN 40386) Siew Lee Tan (REN 01666) Scott Lee (PEA 1193) Philip CK Ong (REN 32684) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) CORNERSTONE REALTY (E (3) 1198) I-PROP REALTY (USJ) SDN BHD (E (1) 0990/2) +6018 382 9338 +6012 458 3016 +6012 216 1987 +6016 220 0780

RM1,550,000 RM7,000,000 RM680,000 RM255,000 Ativo Plaza, Bandar Sri Damansara, Port Klang, Selangor TTDI Grove, Kajang, Selangor Lakeview Apartments, Selangor Type: Factory Tenure: Leasehold Type: Terraced house Tenure: Freehold Selayang, Selangor Type: Shoplot Tenure: NA Built-up: 30,000 sq ft Land size: 43,560 sq ft Built-up: 2,282 sq ft Land size: 1,540 sq ft Type: Condominium Tenure: Leasehold Built-up: 2,375 sq ft Bedroom: 4 Bathroom: 3 Built-up: 870 sq ft Bedroom: 3 Bathroom: 2

Joanne Soh (REN 13124) Norman Soo (REN 20639) Mohd Hazli Aziz (REN 35744) Mohamad Khairudin Bajuri (REN 15202) CBD PROPERTIES SDN BHD (E (1) 1197) CID REALTORS SDN BHD (E (1) 1855) IW PROPERTIES (E (3) 1334/1) AZMI & CO. (ESTATE AGENCY) SDN BHD (E (1) 0553) +6012 297 6506 +6017 309 0128 +6012 666 0984 +6016 525 6259

RM2,900,000 RM325,000 RM1,080/mth RM750,000 11 Mont Kiara (MK11), Mont Kiara, Bandar Saujana Putra, Selangor Union Heights, Jalan Klang Lama, Casa Tropicana, Tropicana, Kuala Lumpur Type: Shoplot Tenure: Leasehold Kuala Lumpur Selangor Type: Condominium Tenure: Freehold Built-up: 1,300 sq ft Land size: 1,300 sq ft Type: Condominium Tenure: Freehold Type: Condominium Tenure: Leasehold Built-up: 3,729 sq ft Bathroom: 1 Built-up: 998 sq ft Built-up: 1,420 sq ft Bedroom: 5 Bathroom: 6 Bedroom: 4 Bathroom: 3

Michelle Ong (REN 11532) Low Chee Hoong (REN 22437) Livien (REN 14087) Laura Teh (REN 02734) GATHER PROPERTIES SDN BHD (E (1) 1536) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) GRIFFIN PROPERTIES (E (3) 1792/1) REAPFIELD PROPERTIES SDN BHD (E (1) 0452) +6012 230 9666 +6012 318 8473 +6012 421 5350 +6019 221 9830 Friday april 24, 2020 EP 13

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

RM1,400,000 RM395,000 RM850,000 RM4,300,000 Rev Hijau Johan Setia, Klang, Taman Cheras Utama, Cheras, Semanja, Kajang, Selangor Foresthill Damansara, Selangor Kuala Lumpur Type: Terraced house Tenure: Freehold Damansara Perdana, Selangor Type: Agricultural land Tenure: Leasehold Type: Terraced house Tenure: Leasehold Built-up: 2,615 sq ft Land size: 1,694 sq ft Type: Bungalow Tenure: Leasehold Land size: 87,120 sq ft Built-up: 1,300 sq ft Land size: 1,300 sq ft Bedroom: 5 Bathroom: 4 Built-up: 7,065 sq ft Land size: 3,440 sq ft Bedroom: 3 Bathroom: 2 Bedroom: 6 Bathroom: 6

Kheng Fatt (REN 04422) Juzri (REN 35407) Justin Lee (REN 32527) Josephine Tan (REN 05324) CHESTER PROPERTIES SDN BHD (E (1) 1321/15) HUNT PROPERTIES (BANGI) SDN BHD (E (1) 1498/3) FULL HOMES REALTY SDN BHD (E (1) 1501/8) CBD PROPERTIES SDN BHD (E (1) 1197/12) +6012 329 6931 +6016 220 6104 +6016 618 9568 +6012 390 9498

RM5,900,000 RM2,220,000 RM2,200,000 RM10,000,000 Bukit Gita Bayu, Seri Kembangan, Kawasan Perindustrian Hi Tech 5, (Sri Cendekia), Bukit Bandaraya, , Selangor Semenyih, Selangor Cheras, Kuala Lumpur Kuala Lumpur Type: Bungalow Tenure: Freehold Type: Factory Tenure: Freehold Type: Bungalow Tenure: Leasehold Type: Bungalow Tenure: Freehold Built-up: 8,000 sq ft Land size: 11,300 sq ft Built-up: 5,700 sq ft Land size: 14,186 sq ft Built-up: 3,000 sq ft Land size: 8,160 sq ft Built-up: 3,500 sq ft Land size: 6,609 sq ft Bedroom: 8 Bathroom: 7 Bedroom: 4 Bathroom: 3 Bedroom: 3 Bathroom: 6

Joanne Soh (REN 13124) Jessica Tung (REN 05827) James Lee (PEA2496) Ian Tang (REN 22803) CBD PROPERTIES SDN BHD (E (1) 1197) PROPNEX REALTY SDN BHD (E (1) 1800) LEADERS REAL ESTATE (E (3) 1204) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) +6012 297 6506 +6012 381 7783 +6010 773 0073 +6018 278 3154

RM1,650/mth RM21,000/mth RM24,000/mth RM2,100,000 Neo Damansara, Damansara Plaza Sentral, KL Sentral, Oasis Square, Ara Damansara, SS21, Petaling Jaya, Selangor Perdana, Selangor Kuala Lumpur Selangor Type: Bungalow Tenure: Freehold Type: Condominium Tenure: Leasehold Type: Office Tenure: Freehold Type: Office Tenure: Freehold Built-up: 4,852 sq ft Land size: 4,852 sq ft Built-up: 421 sq ft Bathroom: 1 Built-up: 3,592 sq ft Built-up: 8,541 sq ft Bedroom: 4 Bathroom: 4

Henry Lim (REN 01741) Henry Chin (E1833) Ann Soh (REN 03232) Charles Chua (REN 02154) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) PROPERTY EXPRESS (E (3) 1205) METRO REC SDN BHD (VE (1) 0376/1) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) +6012 311 8707 +6012 377 8306 +6018 369 8650 +6012 282 0823

RM1,200,000 RM1,900,000 RM3,300/mth RM2,000,000 Bukit Manda’rina, Cheras, Desa Damansara, Damansara, Vortex Suites, KLCC, Kuala Lumpur Jalan Gurney 3, Keramat, Kuala Lumpur Kuala Lumpur Type: Condominium Tenure: NA Kuala Lumpur Type: Terraced house Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 700 sq ft Type: Terraced house Tenure: Freehold Built-up: 2,180 sq ft Built-up: 2,200 sq ft Bedroom: 2 Bathroom: 2 Built-up: 4,868 sq ft Land size: 3,584 sq ft Bedroom: 4 Bathroom: 4 Bedroom: 3 Bathroom: 4 Bedroom: 7 Bathroom: 7

Carmen Teoh (REN 27223) Ann Soh (REN 03232) Angelia Kong (REN 03495) Aimi Zamzuri (REN 27363) IQI REALTY SDN BHD (E (1) 1584) METRO REC SDN BHD (VE (1) 0376/1) FIRST REALTORS AGENCY (E (3) 0788) FIRDAUS & ASSOCIATES PROPERTY PROFESSIONALS +6012 303 3133 +6018 369 8650 +6017 292 3977 SDN. BHD. (VE (1) 0091/3) +6017 300 6640