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The Case for Adaptive Reuse Converting Them for Adaptive Reuse, Following George Town’S Designation As a Unesco World Heritage Site

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The Case for Adaptive Reuse Converting Them for Adaptive Reuse, Following George Town’S Designation As a Unesco World Heritage Site TEP 2 FRIDAY OCTOBER 7, 2016 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from TheEdgeProperty.com PICTURES BY TheEdgeProperty.com confi dent that it will be a good time Implementation to introduce this development,” said of road pricing in KL executive chairman Datuk BA Low. “However, details such as prices and city centre after MRT built-ups are still being fi nalised.” Line 1 starts “For this development, we are Kuala Lumpur City Hall (DBKL) targeting young professionals will be implementing a congestion who live in the area. The two-acre charging system in the city centre (0.81ha) site is situated in the heart Putrajaya in after Mass Rapid Transit (MRT) Line tails. We have done a few engage- of Pantai Dalam,” he added. discussion with EPF 1 commences operations. ments with the people not only on DBKL is looking into the details, pricing, but more on how to trans- Sluggish property for higher housing but the pricing for each vehicle has form our public transportation in withdrawal plan yet to be fi nalised, said Nik Mastura Kuala Lumpur,” she said. market to recover The federal government is studying Diyana Nik Mohamad, senior deputy The fi rst phase of MRT Line 1, be- only in 2018 the possibility of allowing fi rst-time director at DBKL’s Urban Planning tween Sungai Buloh and the Seman- The current property market slow- homebuyers to withdraw more mon- Department. tan station in Damansara Heights, down may only recover in 2018 and ey from their Employees Provident “We will implement (road pric- is scheduled to begin operations in the market environment may dip Fund (EPF) account to finance af- ing). That will be the last initiative to December, while phase two between further before that. fordable house purchases. reduce congestion in the city. the Semantan Station and Kajang “Nothing much has changed about “That is a very good suggestion,” “We are still looking into the de- will be operational in July 2017. the property market recently, at least described Minister of Finance II Da- not the external factors such as con- tuk Johari Abdul Ghani, as it could sumer sentiments and lending poli- allow EPF members to tap into their Currently, house buyers can with- be the closest sizeable township to cies,” said Malaysian savings for their fi rst home. draw up to 30% from their Account Pengerang, one of the region’s largest Institute of Estate “We are in discussion with EPF in 2 in the EPF to fi nance their house hubs for oil and gas, petrochemical, Agents (MIEA) past regard to the suggestion,” he said, purchases. oil storage and trading activities. The president K Soma Th eEdgeProperty.com but no decision has been made yet. project will also be Astaka Padu’s next Sundram. Managing Director/Editor-in-Chief “We wanted to help fi rst-time home- Astaka Padu and major project after its fl agship devel- “As we know, Au Foong Yee buyers bridge the gap between loan and Saling Syabas to opment, One Bukit Senyum, which whatever that goes EDITORIAL house prices,” Johari told pressmen jointly develop Bukit will be the new administrative and down must come Editor Lam Jian Wyn after offi ciating the National Chamber commercial hub of Johor Bahru. up but with the property market, Contributing Editor Sharon Kam of Commerce and Industry of Malaysia Pelali project it doesn’t happen overnight — it Deputy Chief Copy Editor roundtable session themed “Malaysian Astaka Padu Sdn Bhd, an indirect takes time. So I think 2018 might be James Chong Ancubic to launch Senior Copy Editor Economy Today — The Challenges, subsidiary of Astaka Holdings Ltd, the turning point, but until then I Shanthi Murugiah Vulnerability and Resilience; and the has entered into a joint venture with RM700 mil project think the market will continue to be Writers Rachel Chew, Tan Ai Leng, Remedial Measures” on Oct 4. Saling Syabas Sdn Bhd to develop a in Pantai Dalam where it is now, if not worse,” he told Natalie Khoo, Shawn Ng, Lum Ka Kay Art Director Sharon Khoh Having said that, he added the 258.48-acre township in Pengerang, Boutique developer Ancubic Capital TheEdgeProperty.com. Design Team Nik Edra, move should only be limited to fi rst- Kota Tinggi, Johor Bahru. Sdn Bhd plans to launch an apart- However, this may be a good time Nurul Aida Mohd Noor time buyers and those who are buy- Astaka Padu and Saling Syabas ment project worth RM700 million for foreign property investors here, For New Launches/Events/ ing aff ordable homes. will jointly develop the land located in Pantai Dalam, tentatively at the noted MIEA deputy president Eric Lim. Press Releases/News Tips “Further, should the house buyer close to the Pengerang oil and gas end of next year. “The situation will probably persist email: [email protected] sell the house later, (certain part of) hub in southern Johor under Bukit “We foresee the local property until early next year, if not mid-2017. It Tel: 03-7721 8211 Fax: 03-7721 8280 Email: [email protected] the proceeds have to be returned to Pelali Properties Sdn Bhd where Asta- market picking up between the end of also depends on Budget 2017 that will their EPF account (based on the extra ka Padu holds a 51% stake and Saling next year and early-2018, and we are be announced soon,” he added. ADVERTISING & MARKETING quantum they withdrew),” he added. Syabas holds the remaining 49%. Head of Marketing and Sales In a statement on Oct 5, Astaka Sharon Chew (012) 316 5628 How do I get past issues of this weekly pullout? Senior Account Managers Padu said the Bukit Pelali project will Cecilia Too (012) 319 7666 Go TheEdgeProperty.com Jayne Law (016) 929 3309 trending to download for free Account Managers Jayremy Sim (011) 1669 6039 now Jocelyn Poo (012) 611 5626 Marketing Support & Ad Traffi c Madeline Tan (03) 7721 8218 email: [email protected] If you have any real estate-related events, email us at [email protected]. Email : [email protected] LAUNCHES + EVENTS Events listed here will also appear on TheEdgeProperty.com. NEGOTIATOR ADVISORY SERVICE Senior Manager Elizabeth Lay Setia Eco Park Open Day Senior Associate Stannly Tan Tropicana Corp Bhd is hosting subsidiary of Masteron Group, Associate Karen Wong Date: Oct 9 (Sun) a nostalgic celebration of is launching Koi Suites at Time: 10am to 6pm traditional childhood games Puchong. The 7.9-acre leasehold For enquiries and listings email: [email protected] Venue: Setia Eco Park Sales including hopscotch, congkak, project comprises four blocks GL: (03) 7721 8175/ 8172 Gallery, Setia Eco Park, seven stones and marbles at off ering 1,283 units of serviced Email: [email protected] Seksyen U13, Shah Alam the above property galleries. apartments. The fi rst 100 Contact: (03) 3343 2228 registered visitors of the event will Bumi Mapex 2016 TheEdgeProperty.com pullout is S P Setia Bhd is organising an receive RM50 shopping vouchers. published by The Edge Property Sdn Open Day fi lled with interesting Date: Oct 7 to 9 (Fri to Sun) 12, Jalan Pinang, Kuala Lumpur Bhd. It is available with The Edge activities including a fruit Time: 10.30am to 7pm Contact: (012) 229 2779 Kazen Design Home preview @ Financial Daily every Friday. The Saujana Puchong pullout is also distributed at more fi esta, caricature drawing, Venue: Shah Alam Convention Jerrytan Residential Pte Ltd and than 200 offi ces, shopping complexes, bike ride and more. An actual Centre (SACC), No 4, Jalan Mondrian Real Estate Services Date: Oct 8 and 9 (Sat and Sun) condos, medical centres, F&B outlets 2-storey bungalow unit with Perbadanan 14/9, Shah Sdn Bhd are bringing The Time: 10am to 5pm and LRT stations in the Klang Valley. a built-up of 3,523 sq ft will Alam, Selangor Nassim to Malaysian investors. Venue: Kazen II Sales Gallery, You can also download it for free at www.TheEdgeProperty.com also be open for viewing. Contact: (03) 7803 2978 The Nassim is a 5-storey Jalan SP 8/3A, Saujana Puchong The Real Estate and Housing residential condominium Contact: (016) 227 1508 Tropicana’s Eat, Play and Bond Developers’ Association Malaysia’s situated along Nassim Hill Ancubic Group is having a Th e Edge Malaysia Date: Oct 8 and 9 (Sat and Sun) (Rehda) inaugural Bumiputera in District 10, Singapore and preview for its 3-storey Kazen @ EDITORIAL Time: 11am to 5pm Property Expo (Bumi Mapex) is developed by CapitaLand Saujana Puchong. The preview Editor-in-Chief Azam Aris Venue: Tropicana Metropark will be held this weekend. Residential Singapore Pte Ltd. also features an autograph CORPORATE Property Gallery, Lot 38515, Besides showcasing properties session with Rio Olympics 2016 Chief Operating Offi cer Lim Shiew Yuin Jalan Delima 1/1, Taman from various developers, it will Pagoda Canggih unveils Koi medallists Goh Liu Ying, Chan ADVERTISING & MARKETING Chief Commercial Offi cer Perindustrian Teknologi Tinggi also feature talks by property Suites @ Puchong Peng Soon and Pandelela Rinong. Sharon Teh (012) 313 9056 Subang, Subang, Selangor experts such as Faizul Ridzuan, Date: Oct 8 and 9 (Sat and Sun) General Manager Mohd Ali Majis, Dr Azizul Azli Time: 10am to 5pm Kingston Low (012) 278 5540 Senior Sales Managers Date: Oct 15 and 16 (Sat and Sun) Ahmad and Ahyat Ishak. Venue: Masteron Grand Pavilion, Fong Lai Kuan (012) 386 2831 Time: 11am to 5pm 2G & 3G, Pusat Komersial Koi, Gregory Thu (012) 376 0614 Venue: Tropicana Gardens The Nassim Exhibition Jalan Puchong Batu 13 1/2, Michael Tan (012) 213 0252 Peter Hoe (019) 221 5351 Property Gallery, No 52581, Date: Oct 8 and 9 (Sat and Sun) Puchong, Selangor Creative Marketing Jalan PJU 3/21, Tropicana Time: 11am to 7pm Contact: (03) 8060 2228, Chris Wong (016) 687 6577 Indah, Petaling Jaya Venue: Grand Hyatt Kuala Lumpur, (013) 331 3655 Head of Marketing Support & Ad Traffi c Contact: (03) 7710 1018 Grand Residence 103, Level 1, No Pagoda Canggih Sdn Bhd, a Lorraine Chan (03) 7721 8001 Email: [email protected] FRIDAY OCTOBER 7, 2016 • THEEDGE FINANCIAL DAILY TEP 3 NEWS Top real estate agents, negotiators and fi rms recognised at NREA 2016 PATRICK GOH / TheEdgeProperty.com jor role to play in supporting the BY LUM KA KAY Henry Butcher’s growth of the nation, particularly Lim (middle) in enhancing the nation's institu- KUALA LUMPUR: Th e annual Ma- receiving tional quality.
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