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EP 2 FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Tune Group partners ECM Libra Gamuda Cove Experience Gallery launched in USJ in home sharing Gamuda Bhd opened its Gamuda offi cer Ngan Chee Meng. international standard sports business venture Cove Experience Gallery in Taipan “Aside from a 60-acre Central facilities and the Hangout Vil- Tune Group Sdn Bhd and ECM Libra USJ last Sunday, showcasing its Park, Gamuda Cove will also fea- lage for the community to en- Financial Group Bhd via their joint latest 1,530-acre township devel- ture the 50-acre Discovery Park joy unique dining experiences,” venture company Tune Plato Ven- opment Gamuda Cove located near that is set amid real nature to off er Ngan added. tures Sdn Bhd, have acquired a 50% Cyberjaya. exciting and unique experiences The Central Park is bordered stake in home-sharing platform Dubbed “Nature Sanctuary, Fu- through three recreational zones, by the adjacent Paya Indah wet- SubHome. ture City”, Gamuda Cove’s master namely The Adventure Park with a lands. The park is also near the The companies announced the plan focuses on self-sustainability, wide-open space to host extreme gazetted Kuala Langat forest investment on Tuesday at The Rob- good connectivity and green-living activities, The Sports Park with reserve. ertson Bukit Bintang where Sub- within a dynamic urban setting. Home operates 200 units. With a GDV of RM20 billion, the “[SubHome] offers homeown- leasehold township is located in ers and developers an alternative southern Klang Valley along the channel to monetise their proper- Elite Highway, opposite Cyberjaya. ties and increase lodging choices “Gamuda Cove is like a city cen- The Edge Property Sdn Bhd (1091814-P) with a suite-Iike accommodation tre in a nature sanctuary; you are Level 3, Menara KLK, for value-conscious travellers and in the middle of a forest reserve No 1 Jalan PJU 7/6, Mutiara loyal Tune Hotels guests,” said Tune and wetlands, but you have 360 Damansara, 47810 Petaling Jaya, Selangor, Malaysia Group co-founder Tan Sri Tony Fer- acres or about 36 million sq ft of nandes. commercial space to serve you,” EdgeProp.my “We will be able to off er our ex- said Gamuda Bhd chief executive tended-stay guests and families Managing Director/Editor-in-chief Au Foong Yee larger, more amenity-fi lled rooms and provide [the platform] with the Kuala Lumpur High Court, has have fi led for a judicial review of authority to introduce the Strata EDITORIAL operational support and controls been postponed. the development order granted by Community Mediation Centre to Executive Editor Sharon Kam Editor Lam Jian Wyn through systems, processes and TTDI Residents Association in a DBKL to Memang Perkasa in June. address problems faced by 1.2 mil- Deputy Chief Copy Editor expertise at Tune Hotels,” he added. statement on Wednesday said Kua- The proposed development en- lion people in the capital city. James Chong Currently, SubHome manages la Lumpur City Hall (DBKL) via its tails the construction of high-rise A variety of problems, not stip- Copy Editor Vanessa Gnanasurian Senior Writers 417 homes across Kuala Lumpur, solicitors had submitted a letter to serviced apartments and aff orda- ulated under the Strata Manage- Rachel Chew, Tan Ai Leng Petaling Jaya, Penang and Johor the judge on Sept 24 requesting to ble housing for the relocation of ment Act 2013 (Act 757) will be Writers Bahru, said its co-founder and CEO postpone the court hearing. the TTDI longhouse residents. mediated by the centre, including Natalie Khoo, Shawn Ng Art Director Sharon Khoh Sandeep Singh Grewal. The plat- “DBKL’s basis for requesting the disputes between neighbours on Design Team form is looking to achieve 3,000 postponement is to allow time for Strata Community noise, smell, parking, rubbish dis- Jun Kit, Rajita Sivan keys by end-2019. the parties to the action to pur- Mediation Centre posal and boundary issues. sue discussions towards a mutual Nineteen DBKL staff had been For New Launches/Events/ to handle high-rise Press Releases/News Tips Taman Rimba Kiara resolution of the matter, on a with- specially trained in mediation to email: [email protected] out-prejudice basis,” TTDI RA said resident disputes address the issues and resolve dis- Tel: (03) 7721 8211 Fax: (03) 7721 8280 judicial review in the statement. A mediating body to handle com- putes. ADVERTISING & MARKETING postponed “We understand that the post- plaints by residents of strata de- “There are 5,859 strata develop- Associate Account Director, The hearing for the judicial review ponement of the hearing has been velopments is set to be launched ments comprising 494,263 units in Advertising & Marketing Heidee Ahmad (019) 388 1880 of the development at Taman Rim- allowed by the court, and therefore on Oct 1. Kuala Lumpur. The service will be Senior Account Manager ba Kiara (TRK) park, Taman Tun Dr the scheduled hearing will not pro- Federal Territories Minister made available for free to every- Ian Leong (012) 359 1668 Ismail (TTDI), Kuala Lumpur which ceed,” said TTDI RA. Khalid Samad said Kuala Lumpur one,” Khalid was quoted as saying Account Managers Joane Tan (012) 377 2885 was scheduled for Sept 26 and 27 at The RA and Save TRK group City Hall (DBKL) is the fi rst local by a local English daily. Evelyn Chan (012) 383 7484 Marketing Support & Ad Trafˎ c Madeline Tan (03) 7721 8218 trending How do I get past issues of this weekly pullout? email: [email protected] now Go to www.EdgeProp.my to download for free BUSINESS DEVELOPMENT Manager Nimalen Parimalam Account Manager Stannly Tan If you have any real estate-related events, email us at [email protected]. PRODUCT DEVELOPMENT LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. & CUSTOMER ADVISORY Senior Manager Elizabeth Lay Associate Omar Nawawi Hollywood’s Crazy Venue: Senja Private Lakeside all to celebrate the Lantern Mid-Autumn Festival at For enquiries and listings Rich Asians is crazy Estate, Jalan Anggerik, Seri Festival with activities such Setia Sky Seputeh email: [email protected] ː ower power! Kembangan, Selangor as lantern painting, photo Date: Sept 29 (Sat) Tel: (03) 7721 8174 / 8173 Date: Oct 6 (Sat) Contact: (03) 7721 8289 booth, Chinese calligraphy and Time: 6pm to 9pm EdgeProp.my pullout is published Time: 3pm to 5pm The talk entitled “Are you traditional delicacies including Venue: Setia Sky Seputeh by The Edge Property Sdn Bhd. It is Venue: Paramount Property destroying your investment in tong yuan and mooncakes. Sales Galleria, No 1, Jalan available with The Edge Financial Gallery, PT 29, Jalan Universiti, real estate?” will feature speakers Also to be featured are author Taman Seputeh, KL Daily every Friday. The pullout is also distributed at more than Seksyen 13, Petaling Jaya Sri Penaga MC chairman Khaw Khalil Adis and lawyer Chris Contact: (03) 2276 5252 200 ofˎ ces, shopping complexes, Did you know that the fl oral Chay Tee, Chur Associates Tan who will be giving talks Celebrate the Mid-Autumn condos, medical centres and F&B outlets in the Klang Valley. You can arrangements in the movie managing partner Chris Tan on property investment. Festival with S P Setia Bhd. There also download it for free at Crazy Rich Asians were made and Architect Centre accredited will be sweet treats, lantern www.EdgeProp.my by a Malaysian fl orist? building inspector and trainer riddles, tea art presentation She also handmade (oh yes, Anthony Lee. Register for the and a LED lantern workshop. they were not real!) the gorgeous event at www.EdgeProp.my. Th e Edge Malaysia Tan Hua for this box offi ce hit. Please note that this event is only Mid-Autumn Delights Come meet Eunice Teo, and cooking demo by Publisher and Group CEO for those 18 years old and above. Ho Kay Tat experience her crazy debut in celebrity news anchor Hollywood! She will also be doing Lantern Festival – Colours Date: Sept 30 (Sun) EDITORIAL a live demo of the making of the of One Cochrane Time: 1pm to 2pm Editor-in-chief Azam Aris The Waltz Residences’ CORPORATE Tan Hua. The event is presented Date: Sept 29 (Sat) Venue: EcoWorld Gallery Chief Operating Ofˎ cer by EdgeProp.my and supported Time: 11am to 5pm Open Day @ Eco Sanctuary, Lot 41296, Lim Shiew Yuin by Paramount Property. Venue: One Cochrane Sales Date: Sept 29 and 30 (Sat and Sun) Persiaran Eco Sanctuary, Telok ADVERTISING & MARKETING Gallery, Jalan Cochrane, KL Time: 11am to 5pm Panglima Garang, Selangor Chief Commercial Ofˎ cer Admission is FREE but seats Sharon Teh (012) 313 9056 are available on a fi rst-come, Contact: (03) 9200 8008 Venue: WCT Sales Gallery, Contact: (03) 8688 2255 General Manager fi rst-served basis, so hurry and Boustead Property invites Taman OUG, KL Calling all those who love Kingston Low (012) 278 5540 register at www.EdgeProp.my. Contact: (017) 301 9882 to cook! Join EcoWorld for a Senior Sales Managers Fong Lai Kuan (012) 386 2831 Have a fun-fi lled weekend at cooking demo by 8TV celebrity Gregory Thu (012) 376 0614 EdgeProp.my Talk: the Waltz Residences’ Open news anchor, Tan Chia Yong, Creative Marketing Are you destroying your Day. Indulge in a galore of and his mother, Madam Chris Wong (016) 687 6577 investment in real estate? Head of Marketing Support snacks, fruits and activities for Eng. They will be sharing (in & Ad Trafˎ c Date: Oct 20 (Sat) the young and young-at-heart Mandarin) three mouth-watering Lorraine Chan (03) 7721 8001 Time: 10am to 12.30pm including arcade and VR games.
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    PAVILION REAL ESTATE INVESTMENT TRUST | 2020 ANNUAL REPORT REAL ESTATE PAVILION Pavilion REIT Management Sdn. Bhd. [201101011359 (939490-H)] Level 10, Pavilion Kuala Lumpur, 168 Jalan Bukit Bintang, 55100 Kuala Lumpur T : +603 2118 8888 F : +603 2118 8889 Email : [email protected] www.pavilion-reit.com 2020 ANNUAL REPORT What’s Inside Overview 1 Vision, Mission and Investment Strategies 2 Corporate Information 4 Highlights 6 Message from the Chairman 9 Board of Directors 14 Management Team 18 Salient Features of Pavilion REIT 19 Pavilion REIT Structure Business Review 21 Message from the Chief Executive Officer 23 Management Discussion & Analysis 32 Investors Relation and Fund Management 34 Portfolio Details Corporate Governance Report and Financial Statements 44 Sustainability Statement 67 Corporate Governance Overview Statement 70 Nominating Committee Report 71 Audit Committee Report 72 Statement of Risk Management and Internal Control 73 Manager’s Report 77 Financial Statements Others 127 Analysis of Unitholdings 130 Market Overview 154 Glossary 155 Notice of Annual General Meeting 159 Administrative Guide for the 9th AGM 165 Proxy Form Disclaimer : This annual report, prepared by Pavilion REIT Management Sdn Bhd (“the Manager”) may contain certain forward-looking statements and is prepared based on the Manager’s current view of future events that may involve certain assumptions, risks and uncertainties. Unitholders and investors are advised that past performance does not necessarily signify its future performance. What’s Inside Vision, Mission and Investment Strategies The principal investment policy of Pavilion REIT is to invest directly and indirectly, in a diversified portfolio of income producing real estate assets used solely or predominantly for retail purposes Overview (including mixed-use developments with a retail component) in Malaysia and other countries within the Asia-Pacific region.
  • News Release

    News Release

    NEWS RELEASE WCT Launches First Phase of Paradigm Garden City Development Waltz Residences Offers Rare Freehold Opportunity and First Mover Advantage Kuala Lumpur, 3 September 2016 – WCT Land Sdn Bhd, a subsidiary of leading engineering and construction as well as property company, WCT Holdings Berhad (WCT or the Group), launched Waltz Residences today. Located at the fringe of Kuala Lumpur City Centre, in the heart of the matured Taman OUG (Overseas Union Garden) township, Waltz Residences is the inaugural development to be offered from the Group’s Paradigm Garden City integrated mega-development. Waltz Residences is an elegant 2-acre freehold development. The refined luxury consists of two towers – the North Tower with 38 floors and South Tower with 33 floors – both towers collectively houses 419 urban chic architecture residential units in total. Mr. Taing Kim Hwa, Managing Director of WCT Holdings Berhad, said, “Given its strategic location as well as WCT’s well-established track record, we are confident that Waltz Residences will be well-received by home-buyers and investors alike.” “This is one of the rare freehold offerings in OUG, a matured neighbourhood with a community profile within the middle to high income bracket. Waltz Residences will be ideal for those who are looking to upgrade to a home that comes with all the trappings of luxurious and contemporary urban amenities as well as for those who are looking to invest for the future,” he added. Waltz Residences features five layouts, ranging from 948 sq ft to 1,691 sq ft. There is also a layout with dual-key units.
  • July 2017 from 10Am to 10Pm

    July 2017 from 10Am to 10Pm

    JULY 2017 ISSUE 149 RM8.50/S$8 07 872006 9 771823 Editor Roshan Kaur Sandhu Writer Reena Kaur Bhatt Head of Creatives Angeline Lim Senior Graphic Designers Wing Wong Jason Kwong Junior Graphic Designer Rechean Soong Ad Operations Executive Nur Alia Ahamd Tamezi Intumathy Nadarajah CEO REA Group - Asia Henry Ruiz CEO iProperty.com Malaysia Haresh Khoobchandani & Singapore General Manager (Marketing) Wong Siew Lai General Manager (Agent Sales) Leon Kong General Manager (Developer Sales) Sean Liew General Manager (Data Services) Premendran Pathmanathan Group Regional Finance Director Esther Monks Chief Information Officer Harmit Singh Head of Media Sales & Ad Ops Martin Goh Head of iProperty TV Jonathan Ong General Manager (Sales & Marketing) Vincent Sim iProperty.com Singapore Head of Marketing & Content, Leslie Lin iProperty.com Singapore iProperty.com Malaysia Sdn Bhd (600850-K) Suite 11.01, Level 11 Menara IGB Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia Phone: (603) 2264 6888 Fax: (603) 2264 6900 Sales enquiries: [email protected] Editorial matters: [email protected] General enquiries: [email protected] Subscription: [email protected] International Property: [email protected] iProperty.com Malaysia Sdn Bhd (Johor) A-2-7, Pusat Komercial Bayu Tasek Persiaran Southkey 1, Kota Southkey 80150 Johor Bahru, Johor iProperty.com Malaysia Sdn Bhd (Penang) Bay Avenue D-25-3, Lorong Bayan Indah 2 Bayan Lepas, 11900 Penang /iProperty.com Malaysia /iProperty_com /iProperty.com Malaysia /myiproperty Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever.