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Self-Sufficient For more property news, go to www.theedgeproperty.com EVERY FRIDAY IN WHAT ARE YOUR VIEWS ON RETIREMENT VILLAGES? This was the question posed to visitors of the recent theedgeproperty.com’s Home Sweet Home Fair at The Curve, Mutiara MAKE BETTER DECISIONS www.theedgeproperty.com Damansara. Listen to their responses a FRIDAY AUGUST 7, 2015 theedgeproperty.com EP3 NEWS EP7 DEALMAKERS EP8 LEGAL WCT expects 19 million How to sell even more in a 5 things you need to know shoppers for Paradigm JB tough market about strata living in an urban community BY HANNAH RAFEE Subang Jaya, Selangor, is a well-established neigh- bourhood with abundant amenities. Developed by the Self-suff icient then Sime UEP Properties Bhd in the 1970s from old rubber estates, the Subang Jaya township has become a self-contained urban sanctuary in the Klang Valley. It off ers the perfect combination of city life and suburbia. Shah Alam, Puchong, Putra Heights and Petaling Jaya are its neighbours, and Subang Jaya’s cen- tralised location gives it easy access to these well-es- SUBANG JAYA tablished areas. Subang Jaya mainly comprises the DemandD d fromf homebuyersh b andd iinvestors hhas raisedi d areas of SS12 to SS19, UEP Subang Jaya (USJ), Taman Wangsa Baiduri, Taman Mutiara Subang and Taman property values in Subang Jaya signifi cantly in recent Bukit Pelangi. Residential supply in Subang Jaya is made up of years due to its abundant amenities, from schools to terraced houses with some condominiums clustered around SS15 and SS16, around Subang Jaya Lake in colleges, and hospitals to malls. Investors can look SS12, as well as along the main thoroughfare of Per- siaran Kewajipan in USJ. forward to more growth once the Kelana Jaya LRT Subang Jaya off ers a plethora of amenities including over 30 government and private schools, and tertiary extension line is completed. institutions such as Taylor’s University, Inti Interna- tional College and Segi College. Its commercial hub in SS15 off ers restaurants and services that cater to locals and the student community. Situated in SS12 is Subang Jaya Medical Centre (SJMC), one of the fi rst private hospitals in Malaysia. Check out a video One of the more notable landmarks in Subang Jaya of this hot spot at is the iconic Subang Parade, the fi rst shopping mall www.theedgeproperty.com constructed in area. Located next door is the trendy and see current listings for this Empire Shopping Gallery, where patrons from as far as Bangsar and Ampang often stop by for a quick cup area on Market Watch EP6. of coff ee or shopping. Th e neighbourhood also off ers a wide selection of hypermarkets and dining amen- ities. In neighbouring Bandar Sunway lies a major shopping destination: Sunway Pyramid. CONTINUES ON EP4 SAM FONG/THE EDGE PROPERTY + FRIDAY AUGUST 7, 2015 • DIGITALEDGE DAILY EP2 PROPERTY | NEWS ON NEWS ROUNDUP Go to theedgeproperty.com for more listings Mah Sing unit sued over said the event was to encourage an fl oor retail and serviced apartments, at www.theedgeproperty.com proposed RM359.56 mil active and healthy lifestyle, besides it said in a statement. Seremban land deal celebrating the relocation of the new “Th e project is in a diff erent loca- Mah Sing Group Bhd said on Aug property gallery. tion from the two core CBD (central 5 that seven individuals had initi- Th e 12,000 sq ft property gallery business district) sites we current- ated a legal suit against its wholly covers more than 12 acres on Trop- ly own. Being at the city fringes, it owned unit, Grand Prestige Devel- icana Aman’s 863-acre township promises a different lifestyle and opment Sdn Bhd, over the latter’s development. It will function as will appeal to a diff erent market seg- proposed acquisition of a piece of Tropicana Aman’s satellite offi ce, ment,” said UEM Sunrise CEO and prime, freehold tract in Seremban, featuring a play zone for children, Prince Hotel & Residence KL MD Anwar Syahrin Abdul Majid in Negeri Sembilan. and an open-space concept for the rebrands as Pullman KL an announcement on Aug 3. Self-suffi cient In a fi ling with Bursa Malaysia, hosting of private events. Th e Prince Hotel & Residence KL Th e pruchase is its third in Mel- Subang Jaya Mah Sing said Grand Prestige has has been taken over by hospitality bourne following that of two sites been named as one of the defend- group AccorHotels and rebranded as on LaTrobe Street and Mackenzie ants, together with the vendors of Pullman Kuala Lumpur City Centre Street in October, 2013, in the city’s the said land. Grand Prestige was Hotel & Residence. central business district. served with a writ and statement “Th e number of high-profi le ho- of claim made in the High Court of tels that has been rebranded to Pull- Yong Tai plans acquisitions for Seremban by the plaintiff s. man in recent months, including Th e developments worth RM7 bil Th e plaintiff s are seeking, among Park Lane Hong Kong, the former Yong Tai Bhd entered into fi ve sep- other things, a declaration that the Hilton on the Park in Melbourne and arate memoranda of understanding sale and purchase agreement en- now the Prince KL, is a testament to (MoUs) on Aug 3 for a host of pro- Would you live tered into between Grand Prestige the brand’s ability to meet the needs posed business and land acquisitions and the vendors is invalid. of today’s global nomads,” said chair- that can provide it fi ve potential prop- in a retirement Tebrau Waterfront Residence man and CEO of AccorHotels Asia erty development projects in Melaka, village? and Resort to launch in Pacifi c, Michael Issenberg. the Klang Valley and Johor. Th ese Iskandar Th e property will be fully refur- have a combined gross development Tebrau Waterfront Residences and bished over the next two years to value (GDV) of about RM7 billion, Resort development will launch the meet Pullman’s standards, but the spread over the next eight years. fi rst phase of its joint-venture project hotel will remain open while up- In a filing with Bursa Malay- in Johor with China developer Green- grading works are carried out in a sia on Aug 3, the garment mak- land Group and Iskandar Waterfront minimally disruptive manner, said er-turned-property developer’s ex- City Bhd (IWC), in early 2016. the group. Th e latest Pullman hotel ecutive director Ng Jet Heong said According to a Greenland spokes- was offi cially launched on Aug 1. the MoUs and the proposals con- man, the fi rst phase will cover 4.46 templated are in line with Yong Tai Malaysians wear yellow and ha, and comprises residences, retail Group’s expansion plans to grow its get on their bikes in Kota podium, offi ce block, and a children’s property development business seg- Kemuning theme park. Th e fi rst phase is expect- ment by acquiring more land with A 12km bicycle ride called ‘Th e Yel- ed to be completed by 2019. good prospects for future property low Ride’ was organised by Tropicana The initial plan shows a retail development. Corporation Bhd on Aug 1 to mark space of about 344,000 sq ft, and “Th e MoUs entered into with the The Edge Markets Sdn Bhd the relocation of Tropicana Aman’s offi ce space of 700,000 sq ft. It will respective parties will allow us to (1104546M) new property gallery in Kota Kemun- see the launch of over 700 residential UEM Sunrise acquires third negotiate and work together in exe- Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, ing, Shah Alam. units with an expected starting price Melbourne property cuting defi nitive agreements for the Selangor, Malaysia Comprising some 500 cyclists, the of RM800 psf. Details of the built-up UEM Sunrise Bhd has completed proposed acquisitions and proposed ride was fl agged off from the existing area and layouts of the residential the acquisition of a 21-storey offi ce joint venture,” he added. Publisher and Group CEO Ho Kay Tat Tropicana Aman property gallery and units are being fi nalised. tower on 412 St Kilda Road in Mel- Of the fi ve potential projects, those ended at the new property gallery. Th e 51-ha Tebrau Waterfront Res- bourne, Australia, for A$58 million in Melaka may potentially contribute Editorial For News Tips/Press Releases Some 20 lucky draw prizes and four idences and Resort, located on the (RM161 million). RM6.3 billion in GDV, while Klang Tel: 03-7721 8219 Fax: 03-7721 8038 yellow bicycles were given away to coast of the Straits of Tebrau, is di- UEM Sunrise plans to redevelop Valley and Johor Baru may poten- Email: [email protected] lucky winners after the event. vided into fi ve phases, and will take the property into an “unprecedented tially contribute RM341 million and Tropicana Corporation head of 10 to 15 years to complete. ultra-luxurious residential develop- RM363 million, respectively, said Senior Managing Editor Azam Aris Contributing Editor Sharon Kam marketing and sales Ung Lay Ting ment” that may comprise ground Yong Tai. Editor Rosalynn Poh Deputy Editors E Jacqui Chan, Wong King Wai, Llew-Ann Phang Assistant Editor Lam Jian Wyn Writers Zatil Husna Wan Fauzi, If you have any real estate-related events, email us at [email protected]. Chai Yee Hoong, Rachel Chew, LAUNCHES & EVENTS Events listed here will also appear on theedgeproperty.com.
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