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Online + Offline LISTINGS . NEW LAUNCHES . NEWS . DATA . ANALYTICS A PULLOUT EVERY FRIDAY WITH Th eEdgeProperty.comPP 9974/08/2013 (032820) FRIDAY, APRIL 8, 2016 . ISSUE 2142/2016 ONLINE + OFFLINE TEP J2 FRIDAY APRIL 8, 2016 • THEEDGE FINANCIAL DAILY FRI FRIDAY APRIL 8, 2016 • THEEDGE FINANCIAL DAILY TEP J3 TEP J4 FRIDAY APRIL 8, 2016 • THEEDGE FINANCIAL DAILY Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia. Printed by Ultimate Print Sdn Bhd (62208-H) Lot 2, Jalan Sepana 15/3, Off Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor, Malaysia. LISTINGS . NEW LAUNCHES . NEWS . DATA . ANALYTICS A PULLOUT EVERY FRIDAY WITH Th eEdgeProperty.comPP 9974/08/2013 (032820) FRIDAY, APRIL 8, 2016 . ISSUE 2142/2016 ONLINE + OFFLINE All tep3 NEWS Design Village Penang targets earlier opening date in November aboard! Properties near LRT stations are sought after by owner-occupiers, tenants and investors alike thanks to the convenience they off er. But not all stations are equal. Longer commutes usually off er bigger tep8 FEATURE MM2H applicants savings. Find out how to maximise your tep4 NEWS down by half time and money on TEP 10 and 11. Is it still advisable to invest in shoplots and shopoffi ces? tep12 DEALMAKERS Avid property investor turns property agent Buying or Renting a home? Check the listings at TheEdgeProperty.com! Where do I get a copy of this weekly pullout? Go to TheEdgeProperty.com to download for free TEP 2 FRIDAY APRIL 8, 2016 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from TheEdgeProperty.com and CEO, Datuk Wong Tuck Wai as ties will have the option to extend The Yeangs Sdn Bhd has introduced deputy president and chief operating the agreement for an additional fi ve its 20-unit Y Cantonments four-storey offi cer (COO), and Choy Kay Yew as years. Throughout the term, Titijaya town villas on Penang island at prices chief fi nancial offi cer (CFO), eff ective will remain as the rightful owner of from RM2.28 million. April 1. the land, property and facilities. Company chairman and re- According to an exchange fi ling The Penang project is locat- nowned architect Datuk Dr Ken on April 4, S P Setia said Khor, 56, ed on the south east of Penang Yeang told Th- MRCB’s Penang who has 287,811 direct shares in the Island and has a GDV of RM2.6 eEdgeProperty. Sky Cab to begin company, was acting president and billion. It consists of 200 units, com the project CEO since Jan 1, 2015. ranging from studio to two-bed- has a gross construction in 1Q2018 In a statement, S P Setia chair- room apartments. development Malaysian Resources Corp Bhd’s man Tan Sri Dr value (GDV) of (MRCB) Penang Sky Cab, a 4.8km Wan Mohd Zahid I-Bhd brings RM78.06 mil- The Edge Property cable car system fi rst mooted by the Mohd Noordin said DoubleTree by lion and is slat- Malaysia state government in March last year to he is confi dent that ed for comple- connect mainland Penang in Butter- the confirmation Hilton to i-City tion by end-July. worth and Jelutong in Penang Island, of these three key The four-star DoubleTree by Hilton The built-up sizes range between is expected to begin construction in management po- i-City Hotel, the second hotel in 3,617 sq ft and 4,779 sq ft with prices the fi rst quarter of 2018 (1Q2018). sitions would continue to contribute I-Bhd’s fl agship i-City mixed devel- averaging RM750 psf. MRCB special project general positively to the sustainable growth opment in Shah Alam, is scheduled “We are targeting big families manager Dennis Tan Hui Long said of the company. to be completed and open for busi- with senior citizens in Penang. Since the project is expected to be com- Meanwhile, Wong, 61, who has ness in 2018. its launch in October last year, Y pleted in 3Q2019 at an estimated been with the group for 40 years, was I-Bhd deputy chairman Datuk Eu Cantonments has seen 35% of its The Edge Communications Sdn Bhd (266980-X) cost of between RM500 million and acting deputy president and COO of Hong Chew said the new hotel project units taken up,” he said. Level 3, Menara KLK, No 1 Jalan PJU 7/6, RM700 million, based on similar S P Setia since Jan 1, 2015. is in line with its plan to turn i-City into The 3,938 sq m development is Mutiara Damansara, 47810 Petaling Jaya, projects in Europe, the US and Asia. Choy, 45, joined S P Setia in April a regional tourism destination. located at its namesake Jalan Y Can- Selangor, Malaysia The Sky Cab project aims to add val- 2014 as the corporate aff airs head The hotel is a component of the tonments in Penang. ue, akin to a tourism project, to the RM2 and was subsequently appointed Central Tower development, which Each town villa comprises five Publisher and Group CEO Ho Kay Tat billion Penang Sentral transport-ori- acting CFO on June 16, 2014. also comprises a convention centre, bedrooms, private gardens, a pri- shopping mall and residences. vate glass lift and an individual EDITORIAL ented development (TOD), said Tan. Senior Managing Editor Azam Aris Penang Sentral, located on the Titijaya partners Ascott “DoubleTree by Hilton i-City Hotel plunge pool. The interior design of mainland, will have a hotel and a for serviced residences has a gross development value (GDV) the town villas are done by Yeang CORPORATE shopping mall as well. of RM200 million, while the overall and world-renowned shoe designer Managing Director Au Foong Yee development Deputy Managing Director The cable car system was not fea- Central Tower development has a GDV Datuk Jimmy Choo, who is also one Lim Shiew Yuin tured previously in the RM27 billion Titijaya Land Bhd has entered into of RM13 billion,” Eu noted. of the unit owners. Penang Transport Master Plan, which an agreement with The Ascott Ltd There will be 300 rooms spread TheEdgeProperty.com has a 15-year completion period. for two of its upcoming property de- across the 43-storey building. The velopments located in Penang and hotel will occupy the bottom half of Managing Director Au Foong Yee Editor Lam Jian Wyn S P Setia confi rms Shah Alam, Selangor. The projects the building while the top half will Contributing Editor Sharon Kam Khor as executive have a collective gross development be serviced residences. Assistant Editor James Chong value (GDV) of RM4.1 billion. How do I get Senior Copy Editor president and CEO Shanthi Murugiah Titijaya group deputy managing Y Cantonments past issues of this Writers Rachel Chew, Tan Ai Leng S P Setia Bhd has confirmed its director Lim Poh Yit said the col- town villas weekly pullout? and Natalie Khoo acting president and chief executive laboration will serve as a valuable target seniors Art Director Sharon Khoh offi cer (CEO) Datuk Khor Chap Jen avenue for the developer to enter the Go to Design Team Cheryl Loh, (pictured) as executive president international market. and large TheEdgeProperty.com Valerie Chin, Aaron Boudville, The term of agreement is for a families Aminullah Abdul Karim, to download for free Yong Yik Sheng, Noorain Duasa, period of 10 years, whereby both par- Nik Edra, Nurul Aida Mohd Noor trending MARKETING & ADVERTISING Account Director now Sharon Chew (012) 316 5628 Account Manager Jayremy Sim (011) 1669 6039 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 For enquiries GL: (03) 7721 8175/ 8172 Augusta Show Unit opens for International Construction Meet and Greet with Email: propertysupport@ viewing Week 2016 directors and founders bizedge.com Date: April 9 and 10 (Sat and Sun) Date: April 11 to 15 (Mon to Fri) of London Spring Place, Senior Manager Elizabeth Lay Senior Associate Stannly Tan Time: 10:30am to 4pm Time: 10am to 5.30pm Queensland Place and Associate Karen Wong Venue: Marketing suite, Menara Venue: Kuala Lumpur Parliament Place Associate Kriss Tan PJH, Precinct 2, Putrajaya Convention Centre Date: April 9 and 10 Contact: (03) 8888 6633 Contact: (03) 2176 8788 (Sat and Sun) Putrajaya Holdings Bhd is The Construction Industry Venue: Jasmine Room, Level C, For New Launches/Events/Press Releases/ opening the show unit of its Development Board (CIDB) is One World Hotel, Bandar Utama News Tips Tel: 03-7721 8211 Fax: 03-7721 8038 Augusta 3-storey semi-detached organising its 16th international Time: 10am to 7pm Email: [email protected] houses this weekend. Located construction week themed Contact: (016) 228 9150 The Henge Showroom launch within Putrajaya’s resort “Driving Productivity in Following the success of London and opening The Edge Communications Sdn Bhd environment, the homes have Construction”. The event also Spring Place, Queensland Date: April 9 and 10 (Sat and Sun) built-ups from 4,291 sq ft and includes the Ecobuild Southeast Place and Parliament Place ADVERTISING & MARKETING Time: 10am onwards are selling from RM2.68 million. Asia 2016, Industrialised in Malaysia last year, and the To advertise contact GL: (03) 7721 8000 Venue: The Henge Showroom, Special features of each unit Building System Housing launch of London Spring Place Fax: (03) 7721 8288 Kepong, GPS coordinates include private lap pools, private Expo, CIDB IEM Construction 2 last month, Cornerstone Chief Marketing Offi cer – 3.221603, 101.640621 lift, solar water heater, and Career Fair 2016, Ecolight Asia International Properties is Sharon Teh (012) 313 9056 General Manager, Digital Media Contact: (016) 313 5050 rainwater harvesting system.
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