AUGUST 2018

by Henry Butcher Malaysia

RISING TO THE OCCASION WITH MORPHOSIS PLUS Le Nouvel KLCC KL New Launches H1 2018 vs H1 2017 Value Map Series:

KDN PP18893/11/2015(034373) Takes Tokyo Launches in 1H 2018 held back by GE 14 Part 1 AUGUST 2018

by Henry Butcher Malaysia

Publisher Henry Butcher Malaysia Sdn Bhd 25, Jalan Yap Ah Shak, Branded O Jalan , Editor’s Note 50300 . Residences T• (03) 2694 2212 E• [email protected] W• www.henrybutcher.com.my

The Ritz-Carlton OUR SERVICES Valuation Legendary Tel :603-26942212 Fax: 603-26943484 Email: [email protected]

Service Project Marketing Tel: 603-26942212 Fax: 603-26925771 Email: [email protected]

Real Estate Agency Exclusive Owners-only Tel: 603-26942212 Fax: 603-26941261 Email: [email protected] Luxury Amenities OUR MAIDEN VOYAGE TO Market Research & Development Consultancy Tel: 603-42702072 Fax: 603-42702082 Email: [email protected] TOKYO WITH LE NOUVEL Freehold Retail Consultancy Tel: 603-91305550 Fax: 603-91304003 KLCC Email: [email protected]

Facilities & Asset Management We are happy to announce that Henry A special mention and token of apprecia- Neighbouring KLCC Tel: 603-62053330 Fax: 603-62062543 Butcher Real Estate has made its mark in tion for our esteemed partner, Beyond Email: [email protected] the Japanese soil just in the last few weeks. Borders Japan for working with us and Petronas Twin Towers Plant & Machinery Consultancy In collaboration with Beyond Borders bringing Le Nouvel KLCC to Japan. We Actual show home Tel: 603-26942212 Fax: 603-26943484 Japan, we brought Wing Tai Malaysia’s Le would also like to extend our sincere Email: [email protected] Nouvel KLCC across the sea to Tokyo, gratitude to our client Wing Tai Malaysia Auctions & Tender Sales Japan, for a private event to introduce Le for entrusting us with marketing the exqui- A HERITAGE OF LUXURY LIVING Tel: 603-26942212 Fax: 603-26941292 Nouvel KLCC. site project to Tokyo, especially so since it Email: [email protected] is our maiden venture there. A WORLD LEGENDARY BRAND Besides being equipped with advanced e Japanese market is relatively new to us amenities and features, The Residences are Art Consultancy The Ritz-Carlton Residences, Kuala Lumpur, managed by a dedicated team of Ritz-Carl- Tel: 603-26913089 Fax: 603-26021523 but it presented a refreshing experience to ere will be more to come in the coming Jalan Sultan Ismail, are designed to be the ton ladies and gentlemen who are on hand to Email: [email protected] be a part of this intimate event. We believe months but for now sayonara as we look hallmark of luxury living. cater to the residents’ every need, in Japan is an ideal place to garner interest towards a busy schedule to the concluding accordance with the legendary brand’s from astute Japanese investors as part of months of 2018. OUR OFFICES Setting the standard for service and innova- standards, providing a lifestyle that delivers their strategy to diversify their asset classes tions in a premiere living experience, The privacy and comfort for each homeowner. | SELANGOR | Subang Jaya • Ampang • Mont’ Kiara | Ritz-Carlton brand has built its reputation for NEGERI SEMBILAN | Seremban | KEDAH| Alor and portfolio. And as we engaged in impeccable service and attention to detail. REDEFINED EXPERIENCE Setar • Kulim | PENANG| Island • Butterworth • Seberang interactive discussions to further under- Perai | JOHOR | Johor Bahru • Kluang • Muar • Pontian | Linda Ooi stand potential investors’ needs when it Senior Manager, Henry Butcher Real Estate Homeowners at The Residences and their Grand Lobby PAHANG | Kuantan | MALACCA | Melaka | A PRESTIGIOUS DEVELOPMENT TERENGGANU | Kuala Terengganu | PERAK | Ipoh comes to buying a property in Malaysia, it families are sure to enjoy an indelible journey | KELANTAN | Kota Bahru | SABAH | Kota Kinabalu Ideally located in the dynamic heart of the of experience with the tailored services and • Sandakan • Tawau | SARAWAK | Kuching • Miri was also a pleasant surprise to learn that capital city, The Ritz-Carlton Residences are privacy: many of our attendees were already one of the two towers at Berjaya Central Park, • Privileged ownership in the legendary familiar with Malaysia as some of them a prestigious development adjacent to the brand had visited here before and understood our renowned KLCC Petronas Twin Towers and • Premium management by The Ritz-Carlton real estate climate. KL Tower. The development is within the • A heritage of luxury living with personalize PAST EDITIONS vicinity of corporate and commercial centers, services including 24-hour concierge services, shopping districts, international hotels, and a la carte services such as housekeeping 2018 One of the takeaways from our trips (twice famous tourist and entertainment spots. and more now at the time of writing) is that we • Privacy ensured with CCTV surveillance observed how the Japanese could sit The Residences consist of 288 homes: system and card access system to residential lobby & dedicated floors through a 2-hour session in complete • Typical Units: 1,023 sf - 2,142 sf (1 Bdr, 2 Bdr Infinity Lap Pool engrossment, taking in the whole event & 3 Bdr) The Residences are ready to move in, with uninterrupted. is goes to show the • Penthouses: 2,605 sf - 4,284 sf (3 Bdr & actual show homes for viewing. appreciation the Japanese investors have 4 Bdr) for the property scene in Malaysia and Jan 2018 Feb 2018 Mar 2018 Apr 2018 their interest in learning about cross border investments.

CONTACT Christine Chua REN09437 012-3142864 Nigel Chin REN09436 012-3960307 Linda Ooi REN09433 012-2363065 Residence Lounge May 2018 Jun 2018 Jul 2018

Printed by: The Ritz-Carlton Residences, Kuala Lumpur, Jalan Sultan Ismail are brought to you by one of Malaysia’s largest conglomerates, Berjaya Corporation Berhad. Developer : Wangsa Tegap Sdn Bhd (Company No. : 185589-W) (A wholly-owned subsidiary of Berjaya Corporation Berhad) Percetakan CL Wong Sdn Bhd Property Gallery : 02-20, Level 2, West, Berjaya Times Square, No. 1, Jalan Imbi, 55100 Kuala Lumpur, Malaysia. AS-84, Jalan Hang Tuah 4, Head Office : Level 12, East, Berjaya Times Square, No.1, Jalan Imbi, 55100 Kuala Lumpur, Malaysia. Tel : (6)03-2142 8028 / Fax : (6)03-2143 2028 | Email : [email protected] | Website : www.rcr-kl.com Taman Salak Selatan, The Ritz-Carlton Residences, Kuala Lumpur, Jalan Sultan Ismail are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C. or any of its affiliates. 57100 Cheras, Kuala Lumpur. Wangsa Tegap Sdn Bhd uses The Ritz-Carlton marks under a license from an affiliate of The Ritz-Carlton Hotel Company, L.L.C. 3 / HERALD AUGUST 2018 Attendees during the seminar session.

L-R: Yuki Takaine (Beyond Borders Japan), Yuma Fukijawa (Beyond Borders Japan) ,Tadayoshi Endo (Beyond Borders Japan), Calvin Kwet (Wing Tai Malaysia), Lim Eng Chong (Henry Butcher), Actual site photo taken from Le Nouvel KLCC Linda Ooi (Henry Butcher) , Catherine Lee (Wing Tai Malaysia) and Christine Chua (Henry Butcher).

LE NOUVEL KLCC Interactive discourse during the seminar. Director of Henry Butcher Malaysia, Lim Eng Chong TAKES TOKYO in discussion with fellow Japanese attendees. Henry Butcher Real Estate Sdn Bhd together with Beyond Borders Tokyo made a mark in the Japanese soil Actual site photo taken from Le Nouvel KLCC as they introduced Wing Tai Malaysia’s Le Nouvel KLCC to Japanese investors for the first time this early August. Taking place at the Shinjuku Prince Hotel in Tokyo, this private event witnessed a successful prelude to Henry Butcher’s initiative to demonstrate the real estate climate in Malaysia. This is in eorts to encourage potential investors from Japan to look into Malaysia as an ideal option next.

The epitome of luxury living in the heart between potential investors and experts of the city, Le Nouvel KLCC is built for from the real estate market. The whole Networking session taking place at the end of the seminar. those who could appreciate and aord seminar was conducted in Japanese by the allure of waking up to the view of the Tadayoshi Endo and Yuma Fujikawa, who Initially, the influx of tourists were purely right in the heart of Kuala Lumpur. The majestic Petronas Twin Towers. Le ran through a presentation on Le Nouvel for leisurely purposes but as time goes, luxury factor paired with the accessibility Nouvel is principally designed by KLCC, snapshots of the Malaysian market interests are piqued for them to invest in and convenience that comes with the architect extraordinaire Jean Nouvel, especially the KLCC vicinity and more the property market instead owing to property is definitely worth a visit who has won nearly every notable importantly educating the participants aordability relative to the property especially when Japan’s real estate Level 34 Cocktail Lounge accolade in architecture including the on the Malaysia’s real estate market. climate in Japan. Le Nouvel stands on a market is one of the most expensive in Pritzker Architecture Prize. Le Nouvel is Also, the speakers touched on Malaysia premium piece of real estate, and the world. also a collaborative eort with other My Second Home (MM2H) program to arguably the most sought-after address renowned architects, namely Herve demonstrate some of the key features at the heart of Kuala Lumpur’s business Therefore, this event was a commend- Descottes, Patrick Blanc and Koichiro which could benefit potential investors. The event was held at the Garnet Party Space, Shinjuku Prince Hotel, and lifestyle district owing to its location able success which not only highlighted Ikebuchi. Patrick Blanc’s specialty in This could be encouraging since it is Tokyo. along . It is also conve- Wing Tai’s Le Nouvel KLCC to the botanics shines through the vertical evident that the influx of Japanese into niently located within 5 minutes walking Japanese for the first time, it also paves • Freehold planters with more than 200 species of Malaysia via MM2H is observed due to distance to the KLCC LRT Station and an introduction for Henry Butcher in • Sky bridge on Level 34 plants vining throughout them. Mean- various factors such as business relation- surrounded by high-end shopping Japan, in collaboration with Beyond • 3 minutes walking distance to KLCC while, Marie Maillard has designed the ships, tourism and more. centres such as Suria KLCC, Avenue K Borders Japan. Due to favourable residence’ curtain wall with glass frit and Pavillion. response, Henry Butcher will be return- • 5-Star Luxury Facilities patterns made of various leaf patterns to ing to Tokyo for the second time to • Pritzker Architecture Prize Laureate, echo and complement the vertical green Not only that, there are also oce spaces continue promoting Le Nouvel to the Jean Nouvel façade. and banks in the same vicinity as Le Japanese market. Nouvel that makes it convenient for During the course of the event which potential buyers. Full of facilities that took place in an intimate setting encour- features a gym, yoga room, game room, CONTACT US aged a highly interactive discourse a theatre and karaoke room perfect for Christine Chua REN09437 012-3142864 Nigel Chin REN09436 012-3960307 young professionals as well as families, Linda Ooi REN09433 012-2363065 Speaker Yuma Fukijawa from Beyond Borders Japan running through the Le Nouvel is deemed a collector’s piece 4 / HERALD AUGUST 2018 presentations in Japanese. 11 / HERALD JULY 2018 The first half of 2018 witnessed an 18% Approximately 31% of the projects had decline in the number of new projects units priced above the RM1 million N launched in Kuala Lumpur compared to threshold whilst 21% of the projects the same period in 2017. In terms of oered for sale were between number of units, the drop was even more RM400,001 and RM600,000 price band KUALA LUMPUR significant with a 52% dip in the total and another 21% between RM600,001 Launches in 1H 2018 held back by GE14. number of units launched. This could be and RM800,000. by Henry Butcher Research due to weaker market sentiments but a High-rise RM300 key reason would be the 14th General In terms of price per sq ft, 29% of the - Elections which took place in May. That projects were analysed to be priced RM500 month saw no new projects being within the RM501 to RM750 per sq ft Jan - Jun 2017 Jan - Jun 2018 PROJECTS2 psf launched as developers held back in view band and 39% within the RM751 to High-rise of the general lack of interest to make RM1,000 per sq ft range. Only 15% of the RM350 substantial financial commitments projects had units priced above RM1,500 - during this period where the pervasive per sq ft. RM400 focus was on politics and there was an PROJECT1 psf High-rise overall uncertainty of how the elections New projects launched in 1H 2018 were RM600 would pan out. Developers came back to spread throughout Kuala Lumpur with 22 the market with five new launches in Setapak, the OUG/Old Klang Road area, PROJECTS 18 PROJECTS DUTAMAS JALAN KUCHING - 1 1 RM700 June to latch onto the feel-good factor and Cheras seeing more than 0 0 High-rise High-rise 0 0 PROJECT1 psf after the elections unexpectedly resulted one new project launched. % % RM800 RM450 - - in a change of government. RM900 RM500 With the dust now having settled down Strata Strata PROJECT1 psf PROJECT1 psf AMPANG As to be expected, all the new projects and the new policy directions of the Landed Landed High-rise launched in land scarce Kuala Lumpur nascent administration which has just RM1600 were strata residential properties with passed its 100th day in power beginning 3% MONT KIARA - RM1700 condominiums and service apartments to take shape, developers have gone High-rise PROJECT1 psf forming the bulk of units launched. The back to their launching pads and the RM660 - majority of developers played it safe, market is likely to see a ramping up of 18,697 8,957 RM1400 CITY CENTRE preferring to focus on units with sizes of new project launches in the coming UNITS UNITS PROJECTS2 psf High-rise less than 1,000 sq ft which could then be months, provided that the economic D’SARA HEIGHTS RM900 priced at more financially accessible outlook and property market conditions 1 1 09 0 High-rise - levels. Based on our analysis, 33% of the remain positive or at least stable. 07 0 RM1000 %% % RM800 projects launched in 1H 2018 oered - PROJECT1 psf RM1000 High-rise units with built-up areas within the 801 to Strata PROJECT1 psf RM1900 1,000 sq ft band and another 22% had a Strata - Landed Landed mix of units within the 1,001 to 1,200 sq ft RM2100 range. Only 5% of the projects oered PROJECT1 psf Total Launches by Month units larger than 2,000 sq ft in size. 3 High-rise Jan 3 RM700 - Unit Sizes Pricing Price Per by Projects* $ by Projects* Square Feet* RM800 CHERAS 4 PROJECT1 psf Feb High-rise < 600sf 1 RM500 < RM400,000 - 6% 2% < RM500 RM1000 16% 10% 5 PROJECTS2 psf 601sf - 800sf 18% 24% Mar 6 OUG 17% 12% RM401,000 - RM600,000 High-rise RM501 - RM750 Apr 4 RM350 - 801sf - 1,000sf 3 RM550 20% 21% 32% 29% PROJECTS2 psf 4 25% 33% May RM601,000 - RM800,000 0 High-rise RM751 - RM1,000 RM700 1,001sf - 1,200sf - 2 Jun RM800 22% 20% 21% 25% 33% PROJECT1 psf 22% 5 1,201sf - 1,500sf RM1,001 - RM1,500 Types of Projects Launched RM801,000 - RM1,000,000 15% 19% 10 Serviced Residence/ 18% 0% 1,501sf - 1,800sf 23% 7 Serviced Apartment 17% Above RM1,500 8% 7% 7 Above RM1,000,000 Condominium 7 1,801sf - 2,000sf 7% 14%

3 1% 0% 21% 31% Apartment/Flat Above 2,000sf 4 6% 5% 2 Soho/Sofo/Sovo/Soso launched. * Based projects number of on total 0

6 / HERALD AUGUST 2018 7 / HERALD AUGUST 2018 YB Maria Chin Abdullah leaving her Merdeka greeting on the makeshi installation of "Jalur Gemilang" made out of Post-it notes.

YB Fahmi Fadzil (MP ) observing one of the artworks (L-R): Datuk Vincent Sim, Sim Polenn, YB Yeo Bee Yin, artist Aizat Amir, Lim Eng Chong. 'Early Morning Royal Belum’ by Johan Marjonid; acrylic on canvas (2004).

umbs-up for a successful event! (Second from le :) Datuk Vincent Sim, YB Maria Chin Abdullah, YB Fahmi Fadzil, Lim Eng Chong, Datuk Seri Abdul Jalil Hamid and Alan Talib. (Second from right:) artist Azlyn Aziz.

YB Yeo Bee Yin, Minister of Energy, Green Technology, Science, Climate Change and Environment and It was a full house at the gallery launch with great food and high spirits. RISING TO THE OCCASION MP of Bakri (Johor) being interviewed by members of the media in attendance for the event. WITH MORPHOSIS e Independence Day celebration for is exhibition tugs the strings of patriotism menghancurkan keseluruhan struktur binaan through a series of artworks by cohort of 88 local bendera ini, dengan kata lain…Musnahlah Negara! 2018 is denitely a signicant one as artist, demonstrating their interpretation of our Pupuklah rasa sayang kita padanya. Anda semua Galeri Prima in collaboration with Henry nation’s transformation, from the early days of tidak perlu lagi bersusah-payah membinanya Butcher Art Auctioneers organised an art Independence in 1957, till the wake of new kerana ianya sudah terbina. Jagalah ia dengan Malaysia, post General Election 2018. MORPHO- sebaiknya. Hormatilah ia. Sayangilah negara kita, exhibition, aptly dubbed MORPHOSIS, SIS endorses a space that pay homage to emerging bernama Malaysia. Benarlah peribahasa lama, that was ocially launched on the 29th of artists as well as veterans of the eld all in one place BERSATU KITA TEGUH, BERCERAI KITA where all 88 artworks were displayed throughout ROBOH.” August 2018, at Galeri Prima. the gallery. Ismadi Salehuddin created this installation of our MORPHOSIS features art pieces that gives a national ag by assembling planks of wood, metal voyeuristic take because it demonstrates the and gold elements as has a metaphoric message personal views of these artists on the past and about unity in Malaysia. According to his present political and sociological climate in statement, these planks of woods represent us as Malaysia. According to curator and Galeri Prima’s individuals. When one plank is removed, the manager, Azlynn Aziz, she believes the “morpho- structure begins to fall apart and that denes the sis” that Malaysia is going through is reected importance of us as citizens to acknowledge the through the exhibition whereby the whole theme is signicance of unity to stand strong. at par with the current aairs of the nation and its journey so far. erefore, the nationalism and raw MORPHOSIS is open for the public from 27th honesty of the artists were evident as projected August to 16th September 2018 at Galeri Prima through the masterpieces that now adorns the Balai Berita from 10 am to 6pm everyday gallery for a limited time only. except public holidays. Also, these artists have also unanimously agreed to contribute 40 per cent of e anchor piece of the exhibition, Dirgahayu the proceeds from the sale of their artworks Negaraku - Susah Payahnya Membina Negara by displayed at the exhibition to Tabung Harapan Ismadi Salehuddin, depicts how it is to build this Malaysia. ey see this as their little contribution country. As he succinctly explained, “Andaikata to the country. For more information, contact 03- satu kayu dicabut darinya ianya akan longgar, 2724 8300, 012-322 2081 or 016-2733628. dicabut dua ianya akan goyah, dicabut tiga maka Esteemed guests posing for a picture with participating artists (dressed in black t-shirts) of Morphosis at the end of the night. akan terlerailah kesemua ikatan dan pautan yang ada yang akhirnya akan meruntuhkan serta 8 / HERALD AUGUST 2018 9 / HERALD AUGUST 2018 Organised by

Brought to you by

HOE SAY YONG MD. FADLI YUSOFF Undulate, 2010 TANAH TUMPAHNYA DARAH, 2016 oil on canvas acrylic on jute 100cm x 100cm 275cm x 214cm

ISMADI SALLEHUDIN DIRGAHAYU NEGARAKU - SUSAH PAYAHNYA MEMBINA NEGARA, 2017 mixed media 304cm x 579cm FAUZIN MUSTAFA Padang Permainan II, 2014 mixed media on canvas 164cm x 127cm

AZIZAN PAIMAN NG FOO CHEONG XXXXXX, CEKAP & AMANAH, 2012 Yellow Forces, 2015 oil on canvas mixed media on canvas 122cm x 92cm 244cm x 184cm

AIZAT AMIR MORPHOSIS is open for public viewing from 27th August to 16th September 2018 at Galeri Prima Balai Berita Bangsar from Iron Man; Iron Lady, 2018 10 am to 6pm everyday except public holidays. The full catalogue can be viewed and downloaded from our website, www.hbart.com.my. acrylic on canvas 122cm x 122cm each For enquiries please contact: Sim Polenn | E-mail: [email protected] | Mobile: +6016 273 3628

10 / HERALD AUGUST 2018 1111 // HERALDHERALD AUGUSTAUGUST 20182018 For this issue of our Value Map, we focus maximum of 1,604 sq ft (Vista Magna COMPLETED (Built-Up SF) on Kepong located at the northern part Apartment). In essence, developments in Hijau of Kuala Lumpur. A former mining town Kepong oer a generous amount of FRIM Ria Minimum Maximum back in the 1800s, Kepong is a predomi- living space with a fair number of units nantly Chinese area due to its history of available within the 1,000+ sq ft mark. Taman Aman Putra Apartment 721 - housing Chinese immigrants who came Generally speaking, about 78% of the Kepong to work in the tin mines located within projects of the units range from RM200 KEPONG Casa Magna Condominium 1,012 1,033 Indah METROPOLITAN Kepong and other mining sites further to RM400 price sq ft price bracket and LAKE GARDEN Casa Prima Condominium 1,150 1,290 afield like Pudu. During the British 12% fall within RM400 to RM600 price occupation, Kepong was developed into per sq ft price bracket. Fadason Park Service Apartment 1,249 - a rubber plantation which aected the mining activity of the area. Consequent- The newer condominium projects sched- The Henge UTARA First Residence Condominium 930 1,074 MRR2 TAMBAHAN ly, residents of this locality also switched uled for completion around 2021 are Residensi 1,162 their attention to the emerging rubber mostly clustered around the Taman Seri Wahyu Fortune Avenue Condiminium 1,239 Residensi plantation sector. Usahawan area and moving northwards Fortune Court Apartment 883 934 to Kepong Metropolitan Lake Gardens. Kepongmas Mizumi Aman Geographically, Kepong is situated There are two Rumawip components in *Fortune Perdana 1,027 1,292 Putra around the borders of Kuala Lumpur and these projects namely Residensi Casa Casa Lakeville Fortune Happy Court Apartment 601 - Selangor, more specifically, it is located Kepongmas and Residensi Kepongmas 2 Prima Magna Fortuna *Fortune to the north of Sungai Buloh, west of where both have unit sizes of 800 sq ft Suria Court Centra Perdana Hijau Ria Condominium 818 1,044 Bukit Lanjan and south of Jalan Duta. and above per unit and pricing-wise, falls Magna Residensi Fadason

Park Jalan Kuching Kepong commands a rather large area within the RM201 to RM400 per sq ft. Kepongmas 2 Permata Laman Damai Apartment 650 657 Fortune and as such in this edition, we will be range. Plaza Fadason TAMAN Avenue focussing on the southern and northern Prima Pelangi WAHYU Mutiara Fadason Apartment 620 650 TAMAN Mutiara parts of Kepong. Based on our research data, there are Magna Vista USAHAWAN Fadason Mutiara Magna Apartment 657 721 two projects which are still under Magna Seroja Laman There are several major highways and construction, viz., Three33 Residence Pelangi Magna Flat 732 - Damai Sinar expressways that connect Kepong such and Unio Residence just 2 km apart from Magna as the Damansara-Puchong Expressway each other. Three33 Residence by TSI Vista eNesta Permata Fadason Apartment 700 - The Herz Mutiara (LDP), MRR2 (Middle Ring Road 2), Domain Sdn Bhd is located in TSI Jalan Kepong Plaza Metro Prima Apartment 958 DUKE (Duta Ulu-Kelang Expressway) Business and Industrial Park, Jinjang. The Mutiara Unio Trinity Phase 2 that serves as an alternative built-up areas for each residence are Lemanja Magna Seroja Apartment 657 - route from the former two expressways. between 760 to 912 sq ft. Unio Residence TAMAN Residensi BUKIT First Further, DUKE Phase 2 oers a welcome by AikBee Development Sdn Bhd on the Three 33 eNesta Sinar Magna Apartment 797 - Happy Residence JINJANG relief to the residents in this part of town other hand, oer units with sizes of Court Sri Jinjang Apartment 850 990 as one can now get to KL city centre in 15 between 536 to 1,468 sq ft, providing one instead of the 25 to 30 minutes that one of the larger units amongst the 13 new Suria Magna Flat 635 - used to take in the past during good projects. In terms of price per sq ft, they Sri trac conditions. fetch higher at RM601 to RM800 per sq ft Jinjang Taman Kepong Indah Flat 506 710 Kepong due to their proximity to central Kepong KTM Station Vista Magna Apartment 850 1,604 In the same vein, KTM Komuter serves as well as . Unio this area via the Kepong KTM Station and Residence is the most expensive of the LDP Vista Mutiara Condominium 990 1,109 Kepong Sentral Station along the KTM new launches in the area with a price tag KEPONG Komuter Tanjung Malim-Port Klang of up to RM1 million a unit. Jalan Lang Emas route. Meanwhile, the up-and-coming Pintasan Segambut Pintasan UNDER CONSTRUCTION (Built-Up SF) MRT’s new SSP (Sungai Buloh–Ser- Kepong’s access to nature and greenery BANDAR dang–Putrajaya) line is predicted to as aforementioned is evident with MENJALARA Minimum Maximum boost accessibility via 7 of the 26 projects like The Henge by Aset Kayamas DUKE proposed stations. Contributing directly Sdn Bhd and Mizumi Residence by TAMAN SRI eNesta Residences 916 1,537 to Kepong residents will be the Kepong Wawasan Metro Bina Sdn Bhd. These KEPONG Sentral, Metro Prima and Kepong Baru two projects enable buyers to enjoy the BARU SEGAMBUT Fortune Centra 775 1,357 stations while the stations located not serene view of the Kepong Metropolitan too far away that can equally heighten Lake Gardens that is situated north of LEGEND Lakeville Residence 976 1,359 Jalan Burung Hantu convenience are the Damansara Damai, The Henge. The pricing of both The Under Mizumi Residences 901 1,027 Sri Damansara West, Sri Damansara East Henge and Mizumi Residence which are Completed Construction and Jinjang stations. The SSP line is both scheduled to be completed by Residensi eNesta 803 - scheduled to be completed by 2021. 2020, start at RM440 per sq ft onwards. Price (PSF) Residensi Kepongmas 800 - Another feature which is one of Kepong’s In essence, Kepong is an older and more Below 200 201- 400 401 - 600 601 - 800 Above 800 Residensi Kepongmas 2 800 highlights is the Forest Research matured part of Kuala Lumpur. However, Institute of Malaysia (FRIM). FRIM is a given the recent rapid development in Residensi Seri Wahyu 800 - must-visit recreational park for both the the last 10 years, the younger generation * = Asking price locals and tourists given its dense of Kepong have acquired new tastes and The Henge 1,100 1300 foliage, shrubs and a well preserved lifestyle preferences.This probably TAMAN forest reserve. Just under a 20-minutes explains the good sales take-up rates QUICKSEGAMBUT STATS The Herz 1073 1216 drive from Kepong Baru, FRIM is great recorded by the new high rise residential Built-Up (SF) Price (RM PSF) Three 33 Residences 760 912 for outdoor activities including but not projects which have been launched in limited to the casual strolls, jungle Kepong which comes with modern Maximum 1,604 800 Trinity Lemanja 960 1173 trekking, jogging and even picnics with lifestyle oriented concepts and Minimum 506 158 Unio Residence 536 1468 friends and family. full-fledged facilities. Added to that, the Median 1,012 371 easy commute to Kuala Lumpur city For shopping, there are several retail centre is definitely a plus point, especial- malls within a 5km radius such as Brem ly when the MRT line to this part of town Mall (along Jalan Kepong), Aeon Big comes into service in the near future. (PART 1) (Taman Usahawan Kepong), Tesco in and The Waterfront at Be sure to look out for the next issue where we Desa ParkCity. will discuss on the second part of Kepong KEPONGRegeneration of Kepong. which focuses on the rest of Kepong such as Desa Parkcity and Bandar Menjalara.Desa By Henry Butcher Research and Valuation Of the 23 completed projects covered in Parkcity and Bandar Menjalara. our study, 4 were completed in the 1990’s and 12 in the 2000’s. Unit sizes of these projects range from 506 sq ft (Taman Kepong Indah Flat) to a

12 / HERALD AUGUST 2018 13 / HERALD AUGUST 2018 (L-R) Mr. Long Tian Chek, Founding Director of Henry Butcher Malaysia, Mr. Gary Liew, Executive Director, Real Estate and Plant & Machinery Valuation Division – Henry Butcher Malaysia, Mr. Ken Kow, Director of Henry Butcher Kuantan, Mr. Chieng Yu Tang, Director of Henry Butcher Sarawak, Mr. Yeo, Senior Valuation Manager – Henry Butcher Malaysia, Puan Fahariah, Director of Henry Butcher Ampang. Signature dishes by Pn. Fahariah: rendang and lemang buluh.

HBM staff members enjoying the good food with great company. Complete festive air in the office.

A variety of Malay delectables were served.

The editorial team having a light moment.

Food and festivities always put smiles on their faces. Staff members going in for seconds at the buffet.

Hari Raya Aidilfitri 2018 celebration was on full swing as Henry Butch- er Malaysia hosted a Raya open house exclusive to Henry Butcher Malaysia family. Held on 28 June 2018, it was a joyous occasion as everyone gathered at Henry Butcher headquarter over lunch time for CELEBRATING a scrumptious spread of Malaysian delicacies. The highlight of the Raya feast was by Puan Fahariah Abdul Wahab’s, Director of Henry Butcher Ampang, signature dishes like rendang and lemang buluh which was no doubt a hit with the crowd. As per true Henry Butcher Malaysia tradition, the festivities kicked o at lunch hour onwards.Raya celebration at Henry Butcher Malaysia like this are always something to look forward to it brings teams together and foster cooperation amongst stas from various levels as well as RAYA branch oces in Kuala lumpur. TOGETHER

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Herb Garden Gym with Pool View Wading Pool Dining & Living Room · FREEHOLD · Priced From RM316,000 OPEN FOR SALE NOW · Sky Garden On Each Floor · High Ceiling With Loft · 3-Tier Security · Semi Furnished · Government Staff Incentives* · Easy Entry Package *Terms and conditions apply.

CALL US NOW Faridzul +6016 3085 825 Muhaimin +6017 4610 067 Sales Gallery +6018 2786 228

25 Jalan Yap Ah Shak, 50300 Kuala Lumpur, Malaysia. Marketing Agent: Email: [email protected] A Development by: Tel no. +603-2694 2212 | Fax no. +603-2694 5543