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Transacted Prices for Non-Landed Residences in Kuala Lumpur City Centre (KLCC) Eased Slightly in 3Q2014 from a Year Ago, According to Analysis by Theedgeproperty.Com

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Transacted Prices for Non-Landed Residences in Kuala Lumpur City Centre (KLCC) Eased Slightly in 3Q2014 from a Year Ago, According to Analysis by Theedgeproperty.Com Read this copy online @ theedgeproperty.com MAKE BETTER DECISIONS ep12 DEALMAKERS ep13 FOREIGN ep14 GARDEN Raising standards Lady Violet’s home, Garden in a jar anyone? When to buy in KLCC? Transacted prices for non-landed residences in Kuala Lumpur City Centre (KLCC) eased slightly in 3Q2014 from a year ago, according to analysis by theedgeproperty.com. Amid more competition among landlords for tenants and a poor external environment, there may be bargains to be found in KLCC. Story on EP8 and 9. FRIDAY MAY 22, 2015 • THEEDGE FINANCIAL DAILY EP2 PROPERTY | NEWS ON NEWS ROUNDUP For more news, go to theedgeproperty.com Malton bags RM208m job to intact. He added that WCT ibis Budget will have 162 tourist- the hotel that pay homage to local, build Royale Pavilion Hotel would wait for its retail malls to class rooms. Both hotels will be regional and global fl avours. Domain Resources Sdn Bhd, a whol- reach operational maturity. situated beside Crystal Lagoon, The 573 sq m grand ballroom ly-owned unit of property developer Its retail assets in Selangor Southeast Asia’s fi rst and largest seats 380 guests banquet-style, and Malton Bhd, has been given a letter comprise the Bukit Tinggi recreational seawater body. The has removable partitioning walls of award to build one block of Royale Shopping Centre in Klang, 6.3ha of crystal-clear water will to transform the space into smaller Pavilion Hotel located on Jalan Bukit Paradigm Mall in Petaling Jaya off er interactive water sports and venues. There are fi ve meeting Bukit Bintang and Jalan Raja Chulan, and gateway@klia2 in Sepang. a wide range of recreational and rooms, each accommodating Kuala Lumpur. The job is worth adventure activities for guests. up to 80 guests, which off er RM208 million. Landmarks in JV for two hotels fl exible seating plans and Time to buy The letter was issued by Harmoni in Treasure Bay Bintan JW Marriott opens comprehensive business facilities. in KLCC? Perkasa Sdn Bhd, a wholly-owned 11th hotel in China unit of Urusharta Cemerlang Sdn JW Marriott Hotels & Resorts contin- 10,000 aff ordable houses to be Bhd, in which its chairman Tan Sri ues to expand its luxury portfolio in built in Perak by 2018 Desmond Lim Siew Choon is an China with its 11th property, the JW Some 10,000 units of aff ordable indirect substantial shareholder. Marriott Hotel Zhejiang Anji, which houses under the Perak State Devel- In a fi ling with Bursa Malaysia opened on May 18. opment Corporation (PKNPk) will be dated May 18, Malton said a The 228-room hotel is located built in stages from now until 2018. contract to fi nalise the scope and within the world-class Phoenix Mentri Besar Datuk Seri Dr value of the construction works International Golf Course and Zambry Abdul Kadir, who is also “will be entered into between close to Anji’s legendary bamboo PKNPk chairman, said the projects Brickfi elds Domain Resources and Harmoni forests, where the Oscar- would not be concentrated on on the move Perkasa in due course”. winning movie Crouching Tiger, any one area based solely on its Landmarks Bhd, through its whol- Hidden Dragon was fi lmed. economic growth, but would also WCT may postpone RM2b REIT ly-owned subsidiary PT Bintan The property was designed be implemented in the rural areas. listing on cautious sentiment Hotel Utama (PTBHU) entered into with neutral tones to celebrate “PKNPk’s goal is to raise the WCT Holdings Bhd may postpone a joint-venture (JV) agreement with its natural surroundings and living standards of the people and its plans to set up a RM2 billion real ML Hotel Investments Pte Ltd (ML encourage relaxation. not just about making profi ts,” estate investment trust (REIT) from Hotel) on May 18 to develop, own It off ers generous 45 sq m Zambry told reporters after this year to next year. and operate two global hotel chains, deluxe garden rooms and a launching two aff ordable housing WCT deputy managing director Mercure and ibis Budget, in Treasure selection of luxurious suites. schemes under the “Rumahku Goh Chin Liong said on May 19 Bay Bintan, Bintan Island, Indonesia. There are two restaurants in Aman Jaya Bandar Meru Raya” that the retail-based REIT was Both hotels are expected programme on May 19. “unlikely” to be formed this year to open in 2017 and will be Under Phase One, 1,704 units due to cautious market sentiment. managed by Accor Group. of aff ordable houses will be “I don’t think [listing of the Mercure is poised to become built and priced at RM145,000 to REIT] will be this year. Everybody the island’s tallest landmark at RM166,000 per unit at the D’Aman is cautious. We will continue to 10 storeys. The hotel will off er 182 Residensi scheme while units at The Edge Communications Sdn Bhd review [the plans],” said Goh. new keys to Treasure Bay Bintan, the Casa Kayangan scheme will (266980-X) However, Goh maintained of which 114 long-term leases be priced from RM250,000 to Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, that the REIT plan was still will be made available for sale. RM299,000 per unit. — Bernama Selangor, Malaysia Publisher and Group CEO Ho Kay Tat If you have any real estate-related events, email us at [email protected]. LAUNCHES & EVENTS Events listed here will also appear on theedgeproperty.com. Editorial For News Tips/Press Releases Tel: 03-7721 8219 Fax: 03-7721 8038 Email: [email protected] Fiabci 66th World Real Estate London’s Principal Tower Fiabci premium property Congress launches Upper House showcase Senior Managing Editor Azam Aris Dates: May 29 to May 31 residences Dates: May 27 to May 31 Contributing Editor Sharon Kam Venue: One World Hotel, Dates: May 23 and 24 Venue: Lower ground fl oor, Editor Rosalynn Poh Deputy Editors E Jacqui Chan, First Avenue, Bandar Utama Venue: Topaz Room, Level 1 Utama Shopping Centre, Wong King Wai, Llew-Ann Phang City Centre, Selangor 2, Mandarin Oriental Bandar Utama Assistant Editor Lam Jian Wyn Time: 9am to 5.30pm Hotel, Kuala Lumpur Time: 10am to 10pm (10.30pm Writers Zatil Husna Wan Fauzi, Contact: (03) 6203 5090 / Time: 10am to 7pm on Friday and Saturday) Elena Tunku Sherie, Chai Yee Hoong, Lim Kian Wei, fi abcimalaysia@fi abci.com.my Contact: (012) 326 3800 (Jazmine) Contact: Rachel Chew, Hannah Rafee, There will be a keynote address and / (016) 290 0353 (Shu Ling) [email protected] Carmel Dominic various papers presented by local The event is organised by JLL Organised by Fiabci Asia Pacifi c, and international speakers. The Property Services (Malaysia) Sdn the exhibition showcases premium Art Director Sharon Khoh Design Team Cheryl Loh, theme of the congress is “Urbani- Launch at Hillpark @ Shah Bhd and will showcase one, two properties from Malaysian devel- Valerie Chin, Aaron Boudville, sation: Perils or Prosperity?” It will Alam North and 3-bedroom apartments and opers, including Mah Sing Group Aminullah Abdul Karim, focus on urban planning in a world Dates: May 23 and 24 penthouses of the Upper House Bhd, OSK Property Holdings Bhd, S Yong Yik Sheng, Tun Mohd Zafi an where more than half of the global Venue: Hillpark Sales Gallery, collection that are located on the P Setia Bhd, IJM Land Bhd, MRCB, Mohd Za’abah population live in cities. This number No 1, Jalan Batu Arang, Bandar top 30 fl oors of Principal Tower UEM Sunrise Bhd, Bandar Utama Corporate is projected to reach 70% by 2050. Puncak Alam, Selangor in London. Selling prices start at Development Sdn Bhd and many Managing Director Au Foong Yee Time: 10am to 5pm £986,000 (RM5.5 million). The others. Deputy Managing Director Preview of Residensi Sefi na by Contact: (03) 3393 7577 50-storey residential tower was Lim Shiew Yuin UEM Sunrise or (019) 3353 177 designed by Foster + Partners and Resimax Northern Growth Advertising & Marketing Dates: May 23 and 24 MKH Bhd will launch its Meranti jointly developed by Brookfi eld Corridor showcase To advertise contact Venue: UEM Sunrise 2-storey terraced houses and its Property Partners LP, Concord Date: May 23 and 24 GL: (03) 7721 8000 Showcase, No 21, Jalan Kiara, Avenue two and 3-storey shop Pacifi c and W1 Developments. Venue: Tulip Room Level 1, Fax: (03) 7721 8288 Chief Marketing Offi cer Mont’Kiara, Kuala Lumpur offi ces at Hillpark @ Shah Alam InterContinental Hotel Sharon Teh (012) 313 9056 Time: 10am to 5pm North, which is located within the Kuala Lumpur Senior Sales Managers Contact: 1800 888 008 Bandar Puncak Alam township. Time: 10am to 7pm Geetha Perumal (016) 250 8640 Sefi na will have 245 units of 3-bed- The two designs of terraced houses Contact: (017) 2233 965 Fong Lai Kuan (012) 386 2831 Shereen Wong (016) 233 7388 room apartments with built-up measure 20 x 65 ft and 20 x 70 ft Australian developer Resimax Peter Hoe (019) 221 5351 areas of 1,333 sq ft, 1,548 sq ft and and come with four bedrooms and Group presents four phases of its Gregory Thu (012) 376 0614 1,771 sq ft. They are priced between three bathrooms, while the shop upcoming Melbourne project. Prod- Ad-Traffi c Manager RM1 million and RM1.5 million. offi ces measure 22 x 70 ft, 22 x 75 ucts include 1-storey and 2-storey Vigneswary Krishnan (03) 7721 8005 Ad Traffi c Asst Manager ft and 22 x 80 ft.
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