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First Sub-MC in Malaysia to Be Formed

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First Sub-MC in Malaysia to Be Formed EP 2 FRIDAY FEBRUARY 23, 2018 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my PAM: Malaysian buildings need stricter regulations First sub-MC in Malaysia to be formed The recent collapse of a hotel wall at Bukit Tinggi, Pahang underscores The fi rst subsidiary management the need for all building structures corporation or sub-MC in Malaysia is in Malaysia to be strictly regulated, set to be formed at the 1 Mont’Kiara said the Malaysian Institute of Ar- mixed-use stratifi ed development. chitects (PAM) in a statement. The proposal to form the sub- The incident, which took place MC by the 1 Mont’Kiara Dan Kiara on Feb 21, saw an elderly person 2 Management Corporation has and a young boy injured, and 90 received the required agreement hotel guests evacuated as a precau- from two-thirds of the aggregate tionary measure. share units in the development. PAM president Ezumi Harzani The poll result was made offi cial Ismail said that hotels must have a at an extraordinary general meet- Certifi cate of Fitness for Occupation ing held on Feb 5. (CFO) or Certifi cate of Completion Sub-MCs were introduced un- The Edge Property Sdn Bhd (1091814-P) and Compliance (CCC). der the Strata Management Act Level 3, Menara KLK, He also said that hotels that 2013 to address the issue of the No 1 Jalan PJU 7/6, Mutiara have been renovated and extend- maintenance of common property Damansara, 47810 Petaling Jaya, Selangor, Malaysia ed are subjected to CFO and CCC, in a mixed-use stratified devel- depending on the work done to the opment. EdgeProp.my structure, walls, doors, facade, and mechanical and electrical installa- Managing Director/Editor-in-chief Au Foong Yee tions. Moreover, as hotels are com- declined to say when, reported The mercial properties, they fall under Malaysian Insight. EDITORIAL the high fi re risk category known as “All the documents have been Executive Editor Sharon Kam Editor Lam Jian Wyn “designated building” under the Fire signed and we are in the middle of Deputy Chief Copy Editor Services Act. submitting them,” he said. James Chong According to him, Felda is in Copy Editor Geraldine Tan Be patient with possession of the land grant and Senior Writer Rachel Chew land transfer probe, letter to transfer ownership, and is Writers Natalie Khoo, waiting to register the latter. Shawn Ng, Lum Ka Kay says Felda Art Director Sharon Khoh Design Team The Federal Land Development Au- Pavilion’s Desmond Jun Kit, Rajita Sivan thority (Felda) has called for pa- Lim eyes Subang For New Launches/Events/ tience as an investigation into the Press Releases/News Tips dubious land transfer of its Jalan Skypark email: [email protected] Semarak land is underway, with the Property magnate Tan Sri Desmond Airports Holdings Bhd (MAHB) to a high plot ratio given its proximity Tel: 03-7721 8211 Fax: 03-7721 8280 documents to retrieve the 16 parcels Lim is allegedly planning to buy a operate its city airport terminal and to the airport. ADVERTISING & MARKETING to be submitted soon. 60% stake in Subang Skypark Sdn integrated commercial and busi- It is unclear how the billionaire Associate Account Director, Felda chairman Tan Sri Shahrir Bhd for an undisclosed sum, with ness aviation hub, reported The will proceed with the acquisition, as Advertising & Marketing Heidee Ahmad (019) 388 1880 Samad said it had prepared impor- intentions to redevelop the land Edge weekly. he may either take up the stake pri- Senior Account Manager tant documents — such as Form surrounding Sultan Abdul Aziz Lim is said to be earmarking vately or via his listed construction Ian Leong (012) 359 1668 14A for the transfer of ownership — Shah Airport in Subang, where the parcels within the site for low-rise and property development group Account Managers Jeffrey Yeoh (016) 217 9227 and will submit them to the Kuala company has a long sub-lease con- development such as malls, con- WCT Holdings Bhd, where he holds Khairul Amilin Ismail (019) 426 5101 Lumpur land office, although he cession agreement with Malaysia sidering that the land will not have a 19.57% share, said sources. Joane Tan (012) 377 2885 Maddox Wong (012) 342 2707 Marketing Support & Ad Trafˎ c How do I get past issues of this weekly pullout? Madeline Tan (03) 7721 8218 trending email: [email protected] now Go to www.EdgeProp.my to download for free. NEGOTIATOR & CUSTOMER ADVISORY SERVICE Senior Manager Elizabeth Lay Senior Associate Stannly Tan LAUNCHES + EVENTS If you have any real estate-related events, email us at [email protected]. For enquiries and listings Events listed here will also appear on www.EdgeProp.my. email: [email protected] GL: (03) 7721 8175/ 8172 City of Elmina CNY S P Setia CNY open house Heights, Semenyih, Selangor EdgeProp.my pullout is published open house Date: Feb 25 (Sun) Contact: (1800) 888 008 by The Edge Property Sdn Bhd. It is available with The Edge Financial Date: Feb 24 (Sat) Time: 10am to 5pm Light the lanterns and usher in the Daily every Friday. The pullout Time: 10am to 5pm Venue: Setia Putrajaya Galleria, Lunar New Year with UEM Sunrise is also distributed at more than Venue: Elmina Pavilion, 14124, Jalan P15H, Bhd. The activities include a lion 200 ofˎ ces, shopping complexes, condos, medical centres, F&B outlets Persiaran Eserina, Elmina East Presint 15, Putrajaya dance, cultural performances and and LRT stations in the Klang Valley. Sek U16, Shah Alam, Selangor Contact: dough doll-making demonstration. You can also download it for free at www.EdgeProp.my Contact: (03) 7831 2253 (03) 8861 6500 Sime Darby Property Bhd is hosting IJM Land celebrates a Chinese New Year open house at CNY @ Pengerang Th e Edge Malaysia the City of Elmina. Activities at the Date: Feb 25 (Sun) open house include a lion dance, Time: 10am to 5pm Publisher and Group CEO 24-season drums, calligraphy and Venue: Sebana Cove Property Ho Kay Tat more. For prospective homebuyers, Gallery, Persiaran Sebana Utama, BRDB celebrates CNY @ Tamansari, Rawang EDITORIAL there will be special rebates of up Sebana Cove, Kota Tinggi, Johor Editor-in-Chief Azam Aris to RM10,000, valid until March 31. Contact: (07) 710 2118 Date: Feb 25 (Sun) CORPORATE S P Setia Bhd will be hosting a IJM Land Bhd celebrates the Time: 10am to 5pm Chief Operating Ofˎ cer CNY celebration Lim Shiew Yuin Chinese New Year open house in Lunar New Year with an open Venue: Tamansari BRDB ADVERTISING & MARKETING @ The Robertson Putrajaya this Sunday. There will house in Johor. Join in the Sales Gallery, Jalan Batu Chief Commercial Ofˎ cer Date: Feb 24 (Sat) be an acrobatic lion dance, Chinese festivities while fi nding out Arang, Rawang, Selangor Sharon Teh (012) 313 9056 Time: 11.30am to 4pm cultural dance and instrumental more about the developer’s Contact: (03) 2727 7550 General Manager Kingston Low (012) 278 5540 Venue: The Robertson Lifestyle performances, game booths, food special promotional packages. BRDB Developments Sdn Bhd Senior Sales Managers Gallery, G7 & G8, 2 Jalan Robertson, carts and cash-grabbing machine. invites all to join its fun-fi lled Fong Lai Kuan (012) 386 2831 Bukit Bintang, Kuala Lumpur Lunar New Year celebration, Gregory Thu (012) 376 0614 CNY open house Creative Marketing Contact: (012) 260 6662 which will feature a Chinese Chris Wong (016) 687 6577 Celebrate CNY at The Robertson @ Serene Heights drum performance, among Head of Marketing Support with Gamuda Land and meet Date: Feb 25 (Sun) others. The event is also held in & Ad Trafˎ c 988 FM DJs Danny and Cheryl. Time: 10am to 5pm conjunction with the launch of Lorraine Chan (03) 7721 8001 Delicious festive delicacies, BaZi Venue: Serene Heights Sales Art in The Park Sculptural Project reading and investment tips await! Gallery, Persiaran Serene, Serene in the Tamansari township. EP 4 FRIDAY FEBRUARY 23, 2018 • THEEDGE FINANCIAL DAILY NEWS GCI Development debuts in KL with hilltop villas in Taman Bukit Desa GCI DEVELOPMENT LOW YEN YEING | EdgeProp.my BY LUM KA KAY KUALA LUMPUR: Having developed four projects in Singapore, GCI Development Sdn Bhd has made its debut in Malaysia with a boutique development comprising eight luxury villas in Taman Bukit Desa, Kuala Lumpur. With a GDV of RM38 million, the freehold 0.45-acre Residensi Millenia offers 6-storey villas with a basement, four levels of living space and a rooftop terrace, said GCI De- velopment executive director Walter Chew. Prices start from RM4.3 million with built- ups ranging between 5,403 sq ft and 6,540 sq ft. Every villa will have five bedrooms “There is always a and will be partially furnished with dry and wet kitchen cabinets, laundry and demand for unique and bathroom cabinets, kitchen appliances, high-quality properties washing machine and dryer, air-condition- as shown by the strong er and branded sanitary wares. There will interest in our project.” be marble flooring in the living area and — Chew solid timber flooring in all family areas An artist’s impression of Residensi Millenia, located in the revitalised Taman Desa and bedrooms. Each home will also sport a private glass lift offering unblocked city we would have had to build a high-densi- construction business. Hence, he believes Residensi Millenia is only a stone’s throw views. The gated-and-guarded project will ty project in order to recoup the land cost. in a hands-on approach so he could keep a from the future commercial and transport have 24-hour security and a 6ft perimeter Moreover, the land is unencumbered and close eye on project quality and costs.
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