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April 19, 2019 • Theedge Financial Daily

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April 19, 2019 • Theedge Financial Daily EP 2 FRIDAY APRIL 19, 2019 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Malaysians want national-level More than 17,000 homes to be sold regulations for at HOC-MAPEX 2019 for Klang Valley short-term rental industry More than 17,000 residential units In a survey commissioned by with a total value of more than Airbnb, half of the 880 Malaysian RM146 million will be on sale at respondents said they preferred to the Klang Valley Home Ownership have a national set of guidelines Campaign — Malaysia Property for short-term rentals. Expo 2019 (HOC-MAPEX) at the end The fi ndings reveal that national of this month. guidelines are the preferred regu- A total of 72 private develop- latory method for at least half of ers will be showcasing their prop- the respondents (50%) over other erties including S P Setia Bhd, methods such as building and com- Paramount Property, Eco World The Edge Property Sdn Bhd munity regulations (26%); and state Development Group Bhd and press conference on April 16 that a booth at the event but we did (1091814-P) and local regulations (24%). Gamuda Land. Also participating this is the fi rst time that seven fi - not have the space to accommo- Level 3, Menara KLK, No. 1 Jalan PJU 7/6, Mutiara “It is clear that in the event are seven financial nancial institutions will be taking date,” said Ng. Damansara, 47810 Petaling Jaya, Malaysians want institutions, namely CIMB Bank, part in a property expo, in contrast Organised by the Real Estate Selangor, Malaysia a clear and con- Hong Leong Bank, Hong Leong with the usual one or two. and Housing Developers’ Asso- sistent national Investment Bank, Maybank, Pub- “We hope that more banks and ciation (Rehda) Malaysia, the EdgeProp.my approach for short lic Bank, RHB Bank and United financial providers will continue HOC-MAPEX for the Klang Val- term rental regu- Overseas Bank alongside seven to support our endeavours going ley region will be held at the Mid Managing Director/Editor-in-chief lations. Clear and government agencies. forward. This is a sold-out event as Valley Exhibition Centre (MVEC) Au Foong Yee sensible guidance MAPEX organising chairman there were many property devel- in Kuala Lumpur from April 26 to EDITORIAL at a national level streamlines Datuk Ng Seing Liong said in a opers who approached us to have 28 (Friday-Sunday). Executive Editor Sharon Kam regulatory eff orts for the various Assistant Editor Tan Ai Leng Deputy Chief Copy Editor states providing the host commu- James Chong nity greater clarity and certainty,” Bottom 40 (B40) household group Applicants must be Malaysian revealed in an interview with an Copy Editor Vanessa Gnanasurian said Airbnb’s head of public policy working in the capital can start citizens, aged between 18 and 35, English daily. Senior Writer Rachel Chew for Southeast Asia Mich Goh in a applying to rent shared space units earn less than RM2,000 a month, “The new law will not only Writers press release on April 17. under Kuala Lumpur City Hall’s work in the capital and do not own curb racist practices by landlords Natalie Khoo, Shawn Ng, Chin Wai Lun “We have worked with govern- (DBKL) urban housing programme a house or car. They could apply and tenants, but will also ensure Art Director Sharon Khoh ments across Asia and the world from August, said Mayor Datuk Nor online via eperumahan.dbkl.gov. both get a fair deal with better Senior Designer Jun Kit to craft and implement regu- Hisham Ahmad Dahlan. my/erumah. protection and no manipulation,” Designer Rajita Sivan lations that ensure responsible He said DBKL would accept 188 Zuraida said. For New Launches/Events/ home-sharing, and we are commit- tenants under the fi rst phase and “Under this Act, we can set a Press Releases/News Tips ted to doing the same in Malaysia,” 135 under the second phase. Zuraida: Law against maximum cap of rental rates in email: [email protected] Tel: (03) 7721 8211 Fax: (03) 7721 8280 added Goh. “Applications for the fi rst phase racist practices to be housing areas, especially for low starts in August and they are ex- tabled soon cost housing projects. ADVERTISING & MARKETING Associate Account Director, Singles from B40 pected to start renting the units from A new bill to battle racial discrim- “This is to avoid landlords from Advertising & Marketing group can apply to October at a low rate of RM100 per ination in the housing market is simply charging a high price which Heidee Ahmad (019) 388 1880 person,” he told reporters after re- expected to undergo its fi rst read- isn’t commensurate with the prop- Senior Account Manager rent DBKL rooms Ian Leong (012) 359 1668 viewing the urban housing project in ing in Parliament at the end of this erty. Some irresponsible landlords Cecilia Too (012) 319 7666 from August Jalan Tuanku Abdul Rahman (TAR) in year, Housing and Local Govern- charge a higher rate to foreigners Account Manager Singles from the lower income Kuala Lumpur on Wednesday. ment Minister Zuraida Kamaruddin and this is unfair,” she added. Joane Tan (012) 377 2885 Joanne Mok (018) 272 0939 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 BUSINESS DEVELOPMENT Manager Nimalen Parimalam Account Manager Stannly Tan Executive Nurfarah Diyana Mohd If you have any real estate-related events, email us at [email protected]. Firhad LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. PRODUCT DEVELOPMENT & CUSTOMER ADVISORY Carnival at KITA activities, icy desserts and Celebrate Earth Day with Berjaya Senior Manager Elizabeth Lay Associate Omar Nawawi, @ Cybersouth lucky draws at OSK Property’s Land at the sales gallery of Ayesha Hannah Amer Ezani Date: April 20 & 21 (Sat & Sun) Splashing Fun in the Sun event. its latest project in Bukit Jalil For enquiries and listings Time: 10am to 5pm and learn how to make your email: [email protected] Venue: KITA @ Cybersouth Eggster Celebration own soap bars, terrarium Tel: (03) 7733 9000 Sales Gallery, Cybersouth, at Bandar Bestari planting, seed bombs and EdgeProp.my pullout is published Dengkil, Selangor Date: April 21 (Sun) others. Come wearing green by The Edge Property Sdn Bhd. It is Contact: (1700) 81 8998 Time: 11am to 3pm to get free fresh vegetables. available with The Edge Financial Spend the day at the carnival at Venue: KSL Sales Gallery, Daily every Friday. The pullout is also distributed at more than Kita @ Cybersouth this weekend. No. 2, Jalan Langat KS9, 200 ofˎ ces, shopping complexes, Ofˎ cial launch of The fi rst day of the carnival Bandar Bestari, Klang condos, medical centres and F&B Platinum Arena will feature performances Contact: (03) 3122 2999 outlets in the Klang Valley. You can also download it for free at Date: April 20 (Sat) by singers Syamel, Ernie, Join KSL Holdings Bhd and take www.EdgeProp.my Time: 10am to 6pm Usop, Masya and Sufi . part in fun activities such as Venue: Level 3, Platinum Victory coconut bowling, egg rolling Th e Edge Malaysia Sales Gallery @ Old Klang Splashing fun in the Sun and candy darts at Bandar Road, Unit No. 1-G, Medan at Iringan Bayu Bestari this Easter Sunday. Publisher and Group CEO Kelang Lama 28, No. 419, Jalan Date: April 21 (Sun) Kite Fest at Setia Alamsari Ho Kay Tat Kelang Lama, Kuala Lumpur Time: 10am to 6pm Earth Day Celebrations Date: April 21 (Sun) EDITORIAL Contact: (03) 4141 8899 Venue: Iringan Bayu Show at The Tropika Time: 12pm to 6pm Editor-in-chief Azam Aris The sports-themed Platinum Village, Persiaran Iringan, Jalan Date: April 21 (Sun) Venue: Setia Alamsari Sales CORPORATE Chief Operating Ofˎ cer Arena serviced apartment project Bayu 3, Taman Iringan Bayu, Time: 11am to 5pm Galleria, No. 1, Persiaran Lim Shiew Yuin by Platinum Victory will be Seremban, Negeri Sembilan Venue: Berjaya Property Alam Sari 3, Alam Sari, ADVERTISING & MARKETING offi cially launched this Saturday. Contact: (06) 630 4656, Gallery Bukit Jalil, Lot 36471, Kajang, Selangor Chief Commercial Ofˎ cer Set in the heart of Old Klang (013) 2557 222 Jalan Jalil Perkasa 7, Bukit Contact: (03) 8736 2255 Sharon Teh (012) 313 9056 General Manager Road, the 2.9-acre leasehold Treat your family to fun water Jalil, Kuala Lumpur Don’t miss the Kite Fest Fong Lai Kuan (012) 386 2831 mixed-use development is Contact: (03) 8994 4866 organised by S P Setia Bhd Senior Sales Managers strategically located between as there will be lots of fun Gregory Thu (012) 376 0614 Lim Sook Chin (012) 205 5986 Kuala Lumpur and Petaling Jaya, for the family, including kite- Creative Marketing accessible to major interchanges, making demonstrations, Chris Wong (016) 687 6577 public transportation food trucks, and a creative Head of Marketing Support & Ad Trafˎ c and shopping malls. kite colouring workshop. Lorraine Chan (03) 7721 8001 EP 4 FRIDAY APRIL 19, 2019 • THEEDGE FINANCIAL DAILY COVER STORY EdgeProp.my Look out for these TODs YEN YEING PICTURES BY LOW | BY SHAWN NG begun to realise that it is not that noisy and that it is very convenient to commute to work in the city t has been almost two years since the Sungai centre using the MRT,” Teh says. Buloh-Kajang mass rapid transit (SBK MRT) line According to Google Maps, driving between became fully operational in July 2017 and since Jalan Bukit in Kajang and the Kuala Lumpur city then, transit-oriented developments (TODs) can centre could take up to almost two hours during be seen popping up along the 51km rail line.
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