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 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, 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 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. recipes. No RSVP required.

EP 4 FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY NEWS

Fix the economy Know the difference between to address ofˎ ce and retail spaces FM and PM, says MIPFM oversupply, urges MIPFM SHAWN NG | EdgeProp.my BY SHAWN NG

KUALA LUMPUR: Th ere is a need to bring BY SHAWN NG facility management and property manage- ment together to give the market a better KUALA LUMPUR : Th e Malaysian Insti- understanding of the functions and roles of tute of Property and Facility Managers both fi elds, as well as to raise their stand- (MIPFM) president Sarkunan Subrama- ards, said the Malaysian Institute of Property niam said instead of putting a halt on and Facility Managers (MIPFM) president new retail and office developments, the Sarkunan Subramaniam. government should bring the country’s “Th ere is a lot of confusion in the market,” economy back on the right track to address he explained, with regards to facility man- the space glut. agers (FM) and property managers (PM). “Th ere is an oversupply of retail and of- “In fact, they are very much related, fi ce space and there is more supply than oc- and the best practices of both areas can cupants. But my opinion is, it is not [about] be cross-utilised to achieve the common the number of buildings that are coming goal of fi rst class professional management into the market, [it is about] why there isn’t techniques,” he told reporters yesterday at From left: MIPFM council member Faiyaz Ahmad Maruf, Rozaini Nizar, treasurer general enough occupants,” said Sarkunan, who the pre-event press conference for the third Siew Yee Hoong, Sarkunan and Looi at the pre-event press conference. is also Knight Frank Malaysia managing MIPFM annual conference themed “Bridg- director, at a press conference today. ing PM and FM”. ence which will be held on Oct 25 at Sunway ties and diff erences [between FM and PM],” “Th ose are the questions we have to ask “Th e status and the class of property and Putra Hotel, will feature six sessions and a Looi said, adding that in areas where there ourselves. Why are we not having more facility management that is being provided forum with speakers from Malaysia, Singa- are similarities, MIPFM will be looking into businesses to take up the space? What is in the country is very, very lacking and the pore, Hong Kong and India. EdgeProp.my is ways of enhancing both professions. wrong with the economy? status is very worrying. So that’s why MIPFM the offi cial media partner of the conference. As for diff erences, he pointed out that is here to educate the market, on the right MIPFM council member and organising both FM and PM professionals can still take practices in property management and facil- chairman of the conference David Looi Siew away relevant lessons, in order to excel with- “If you fi x the ity management, as the community deserves Fatt added that this year’s conference aims in their own areas of expertise. economy, you will fi ll better management,” he added. to impress upon all property and facility “We are very passionate about moving Sarkunan will be moderating a forum at managers the importance of having honesty the industry to the next level and I think in up your offi ce spaces the upcoming conference, featuring six ex- and integrity within the profession; towards order to do that, bridging PM and FM is one perts who will focus on clearing the confusion owners, investors, tenants, residents, and of the key steps,” said Sarkunan. and shopping centres surrounding FM and PM, their functions, and other stakeholders. bridging the professional divide. Th e confer- “At the end of the day, there are similari- This first appeared on www.EdgeProp.my and everything will fall in place.” — Sarkunan

“So don’t go and look at the space and Trinity conˎ dent of 50% take-up say ‘too much’. [Instead], look at the econ- omy and think of what we can do to im- prove it in order to attract business from in three months for Mont’Kiara project the region and bring more occupants to this country — that’s what we need to do,” he added. TRINITY GROUP Sarkunan was speaking at the pre- BY RACHEL CHEW RM640 psf, a lower price compared to most event press conference for MIPFM’s third condos in Mont’Kiara which are selling at annual conference themed “Bridging PETALING JAYA: Trinity Group Sdn Bhd is prices starting from RM800 psf. PM and FM”. EdgeProp.my is the official confi dent that it will achieve 50% take-up “We are chopping our profi t to support media partner of the event. for its latest condominium project Trinity our government’s policy,” said Neoh. He said “something went wrong” with Pentamont located in Mont’Kiara, within Trinity Pentamont is touted as the fi rst Malaysia’s economic growth over the past three months of its offi cial launch. adventure themed development in the Klang 10 years and the issues must be urgently Offi cially launched yesterday, the pro- Valley, with facilities such as a hanging tree dealt with to attract more foreign invest- ject sits on a 2.9-acre freehold site along nest, a starlight theatre, a celebrity kitchen, ments into the country. Jalan Kiara 5. junior rock climbing, an infi nity edge pool, “If you fi x the economy, you will fi ll up Th e 41-storey project has an estimated and 7-metre cascading falls. your offi ce spaces and shopping centres gross development value (GDV) of RM437 Nearby amenities include the Mont’Ki- and everything will fall in place. million. ara International School, Garden Interna- “I think the current “We have received many registrations tional School, Plaza Mont’ Kiara, Hartamas government is aiming to fi x that — some- of interest since four months ago, and to Shopping Centre, Global Doctors Hospital, thing that had not been looked into for date, we have received 35% bookings for KPJ Damansara Specialist Hospital and some time and I think that is important. this project. ParkCity Medical Centre as well as leisure Th e train went off course and now we are “We are confi dent that we can reach 50% spots such as the Kuala Lumpur Golf and turning back to the right direction and I take-up in three months after this launch,” Country Club, Equestrian Club just hope that as we turn, we don’t get said Trinity Group chief marketing offi cer and Royal Selangor Club. derailed again,” he added. CY Ng. Th e project is accessible via several major Looking ahead, he expects the process “Trinity Pentamont — which is a hybrid highways, including the Damansara-Pu- to take at least fi ve years and the prospects of the words ‘penthouse’ and ‘Mont’Kiara’, chong Expressway, SPRINT Highway, New for the retail and offi ce segment will likely is a new category of game-changing con- From left: Trinity Group’s chief operating Klang Valley Expressway, Duta Ulu-Kelang worsen in the medium term before slowly dominium that truly deserves a class of its ofˎ cer Chung Oon Sien, Neoh and Ng in the Expressway (DUKE) and DUKE 2 Highway. recovering in the next two years. own,” said Trinity Group managing direc- ofˎ cial launch of Trinity Pentamont. To ease traffi c fl ow for future residents, Th e residential property sector, on the tor Datuk Neoh Soo Keat in his welcoming there will be two new entry points into the other hand, is expected to pick up in 2019 address at the launch ceremony. Th e selling price starts from RM640 psf. project via Jalan Kiara 5 and Jalan Kiara 3 as strengthening investor confi dence is Th e project comprises 330 units with Commenting on the government’s call to to enhance accessibility. expected to attract more foreign buyers built-up sizes ranging from 1,379 sq ft to developers to lower property prices in line Th e project is targeted for completion from Hong Kong, Singapore and India to 4,115 sq ft, of which 195 units are dual-key with the Sales and Service Tax exemption on by 2022. the local housing market, he added. units. All of the units come with at least certain building materials and construction three car park bays. services, Neoh said Pentamont is selling at This first appeared on www.EdgeProp.my This first appeared on www.EdgeProp.my

EP 6 FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY NEWS

New structure for FT minister hopes to include Kampung Baru Development KL Declaration in KL City Plan Corp to be revealed soon

LOW YEN YEING | EdgeProp.my BY NATALIE KHOO BY NATALIE KHOO KUALA LUMPUR: Federal Territories Min- ister Khalid Samad plans to incorporate the KUALA LUMPUR: Th e Federal Territories KL Declaration — sustainable cities resolu- Ministry will reveal the new management tions formed during the World Urban Fo- structure of Perbadanan Pembangunan rum 9 — into the Kuala Lumpur City Plan Kampung Baru or Kampung Baru Devel- 2020-2040 (KL 2040) to ensure inclusivi- opment Corp by end-October pending the ty, transparency and accountability in city Prime Minister’s approval. planning, development and management. “Th e names are all there, but it is just In his keynote address at the 10th Inter- the procedure and process of getting the national Conference on World Class Sus- approval. Our Prime Minister gives a lot of tainable Cities 2018 (WCSC 2018) yesterday, emphasis and importance to Kuala Lum- Khalid said the time is right to adopt the KL pur and Putrajaya, so any appointments Declaration resolutions and include them [to the Board], I have to talk to him about in the master plan for KL 2040. He said the it,” said Federal Territories Minister Khalid items and strategies in the KL Declaration Samad yesterday. will assist the city in achieving its objectives Speaking to reporters at the 10th In- for a better Kuala Lumpur. From left: MIP president Ihsan Zainal Mokhtar, DBKL project management executive ternational Conference on World Class “It is a comprehensive policy to ensure director Datuk Mahadi Che Ngah, Khalid, WCSC 2018 organising chairman Michael Fu and Sustainable Cities 2018 (WCSC 2018), that we achieve the goal of Cities for All and PAM president Ezumi Harzani Ismail. he said the government is also looking at that no one is left behind. Towards that end, incorporating the Kampung Baru rede- the Kuala Lumpur Structure Plan 2020, which “A large population in our cities will mean uisite. Effi cient management can contribute velopment plan into the Kuala Lumpur is under the process of being reviewed, has urbanisation challenges such as solid waste towards the healthy economic growth of a City Plan 2020-2040. to include the latest concepts, policies and disposal, traffi c congestion, air pollution, city, ensuring the eff ective and optimum However, the challenge is in ensuring strategies that have evolved and adopted at limited water resources, inadequate supply use of resources, besides providing fast and the rights of the property owners there both national and global levels. of housing and an increase in the ageing effi cient services. Kuala Lumpur needs to are protected. Highlights of the KL Declaration include population. Malaysia will become an age- be a competitive city within this region as “Th ere may be a need to legislate to strengthening the role of the urban govern- ing society by 2040 in which almost 20% will well as the world if we are to meet the ever allow us to redevelop the whole of Kam- ance systems, to ensure continuous dialogue be 65 years and above, bringing about new changing needs and demands of its future pung Baru without denying the rights of and participation among diff erent levels of challenges,” he explained. population,” he said. the heirs. government and stakeholders; increasing Khalid also cited the importance of the WCSC 2018 is co-organised by the Real “All in all, there are over 300 acres of multilevel and cross-sectoral coordination, city’s role in national economic development, Estate & Housing Developers’ Association potential land for redevelopment right transparency and accountability; as well as as it needs to be liveable, yet be competitive Malaysia Wilayah Persekutuan Kuala Lum- smack in the city provided we are able to sharing of creative solutions and innovative enough to attract foreign investments. pur (REHDA KL), the Malaysian Institute of handle all the legal aspects.” practices among cities. “A competitive city needs to leverage its Planners (MIP) and the Malaysian Institute Meanwhile, the new mayor of Kuala He also emphasised that city planning, location and functions, keeping costs low of Architects (PAM), with the support of Lumpur is expected to be sworn in some- development and management is critical in and eff ective to encourage and assist fi rms (DBKL). time next week, Khalid said. an era where 77% of the nation’s population to become competitive. is already living in cities. “ Good urban governance is a vital prereq- This first appeared on www.EdgeProp.my This first appeared on www.EdgeProp.my

A chance to see the Tan Hua Crazy Rich Asians is ‘bloom’ before your very eyes crazy fl ower power! LOW YEN YEING | EdgeProp.my BY RACHEL CHEW by Paramount Property, the highlight of the event will be the recreation of the blooming DATE: 6 October 2018 PETALING JAYA: Remember the blooming of of the Tan Hua as seen in the movie. the “Tan Hua” party scene in the Hollywood Tan Hua, also known as the “Queen of TIME: 3.00pm — 5.00pm blockbuster Crazy Rich Asians? the Night”, is a cacti that only blooms once VENUE: Paramount Property Gallery, Th e “Tan Hua” in the movie looked real a year and at night. There was no doubt PT 29, Jalan Universiti, Seksyen 13, but the fl ower that blooms only once a year that it was impossible to get the real fl owers is certainly not something you can get from for such an important scene in the movie. Petaling Jaya, Selangor anywhere, hence the plants in the movie had As such, Teo off ered to make the fl owers to be handmade from scratch. herself. Register now at Now, EdgeProp.my and Paramount Prop- “Clearly we couldn’t rely on the real thing. erty are off ering you the opportunity to join Th e original plan was to purchase ready- www.EdgeProp.my another “Tan Hua party” with the person made artifi cial versions of the fl ower but Seats are available on a who made and arranged the fl owers in the they looked fake and plastic. ˎ rst-come, ˎ rst-served basis. movie — Eunice Teo who will also give a live “So, I off ered to make a sample and af- demonstration on the making of the Tan Hua. ter fi ne-tuning the process, I was commis- Happening next Saturday (Oct 6) at Par- sioned to create 26 fl owers in varying stages amount Property Gallery, Sekyen 13, Petal- of bloom,” she told EdgeProp.my. ing Jaya, Teo, the principal of Amtrol Flower Each fl ower required Teo’s full concentra- Designing and an American Institute of Flo- tion — it took about four hours to make one. ral Designers (AIFD)-certifi ed fl orist will be “I worked on them in the late of the night sharing her debut experience in Hollywood to avoid distractions. While the process was as Crazy Rich Asians’ main fl orist. tedious and time-consuming, I was thrilled Guests can also take photos at the fi rst at how delicate and life-like the flowers SCAN NOW Crazy Rich Asians-themed photowall cre- turned out,” said Teo. to watch “A Floral Teo with a Tan Hua, constructed for the famous ated specially for the occasion. Th e ‘Hollywood’s Crazy Rich Asians is cra- Affair with Crazy Tan Hua party scene in Crazy Rich Asians. Presented by EdgeProp.my and supported zy fl ower power’ event is free and open to all. Rich Asians”

EP 8 FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY

Nature sanctuary and future city

Gamuda Cove  Th e nucleus of Southern Klang Valley

ith decades of experience in town making, Gamuda Land knows a good town- W ship stems from mind- ful planning. It is about bringing all the right components together thoughtfully to create a place where nature, community and city living can come together in harmony. Th e philosophy is not just an abstract idea but has been embodied in every township project by Gamuda Land such as Jade Hills, Gamuda Gardens and twentyfi ve.7 in Selangor and Hori- zon Hills in Johor. All these have been carefully crafted to a perfect balance between nature and modern development. “It is our DNA… Gamuda Land’s townships Aw: We also think about tomorrow, to make this are unique because we’re very focused on the place a future-ready city. It is all about having the environment. We listen to what the land has to right components in place. tell us. Our projects are all very green and never maximises the density because we respect na- PRESERVING NATURE ture and the environment. We want to build a Located south of the Klang Valley along the place that people would proudly call home,” says Elite Highway and opposite Cyberjaya, Gamuda Gamuda Land’s project director Aw Sei Cheh. Cove is a comprehensive 1,530-acre township Similarly, in its latest township development master-planned to create a sustainable thriving Gamuda Cove, the upcoming development’s community. An actual shot of Paya Indah Wetlands next to Gamuda Cove master plan shows a meticulous integration “A good township is a good community. of commercial, residential and leisure compo- When we create the Central Park around the to be overwhelmed by any other developments ways to give the town a unique personality. We nents with nature. lake with play areas and gathering spaces, or nearby because the surrounding lands are the then think of the elements needed for growing Th e new nucleus of Southern Klang Valley when we craft beautiful streetscapes with walk- gazetted Kuala Langat North Forest Reserve the community, and seamlessly connect them will feature among others landed and high-rise ability and bike-ability in mind, we create places and Paya Indah Wetlands. We wish more peo- together to make the town work. residential precincts, a central business district, for people to interact with each other and with ple could come and see this place and enjoy the “We also think about tomorrow, to make this leisure and entertainment, knowledge and in- nature,” Aw says. environment,” he enthuses. place a future-ready city. It is all about having formation corridors and districts, a wellness He adds that the Central Park is poised to Given the natural endowment of the site, the the right components in place,” Aw shares. He oasis, an art, culture and tourism village and be the place-making element of the township, township’s blueprint gives due consideration to highlights that when Gamuda Land builds a a 60-acre Central Park, all coming together to where it will be open not only to residents, but the wetlands and forest reserve. town, it not only plans it as just a home place off er a vibrant nature-enriched city living to its also the public. “We preserve nature by separating the water but a shopping, gathering, play, learning, work, future residents. “Gamuda Cove is on a beautiful site not likely that runs off the land, and we shape the water- park and wellness place. FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY EP 9

A rendering of an aerial view of Gamuda Cove.

The 60-acre Central Park

A TOURISM DESTINATION IN THE MAKING At Gamuda Cove, the developer has upped the ante as it plans to turn it into a tourism destina- tion. Th e new township will off er recreational and leisure attractions such as a theme park and a discovery park. Gamuda Land kick-started its research on building and operating a theme park two years everyone with diff erent purchasing purposes ago. “One thing we can be assured of is the theme – self-occupation or investment, for residing park will be run by specialists and a professional or to do business. I’m confi dent with the pro- talent team under Gamuda Land.” ject because good projects can sell no matter Meanwhile, Gamuda Cove Discovery Park is when,” Aw stresses. set amidst Mother Nature to off er exciting and unique experiences through three recreational A CONNECTED TOWN zones – Adventure Park, Hangout Village and Gamuda Cove is located along the Elite Highway Sports Park. Adventure Park is a wide open At the recent Grand Opening of Gamuda Cove Experience Gallery on Sept 23, 2018, an overwhelming which has links to Putrajaya-Cyberjaya Express- space to host extreme activities, while Hangout crowd of more than 3,000 turned up. way, South Klang Valley Expressway, Maju Ex- Village is the place to discover unique dining pressway, North South Expressway, Lebuhraya experiences, and the Sports Park will feature dential units are ready in 2021, the surrounding estimated RM1.5 billion. Th e offi cial launch of , Lebuhraya Damansara-Puchong and international-standard sports facilities. amenities and business activities are already in the fi rst landed residences is expected to take the proposed West Coast Expressway. “We will link the different components place to serve the public and residents,” he says. place in November. It is 20km away from Putrajaya and 15km through good connectivity and open spaces, “It is true we have to fork out more resources Aw adds that the township will have more from Cyberjaya. KLIA and KLIA 2 are only 20km and activate it all to become a world-class tour- to get all these facilities and infrastructure in than 20,000 residential units when completed from the township. In future, there will also ism destination,” Aw off ers. place but we do not mind doing it because we in 20 years. Th e entire project has a GDV of be shuttle buses connecting Gamuda Cove to “We’re riding on the fact that the site is so want to make sure the township can stand the RM20 billion. surrounding amenities including KLIA, KLIA2 close to KLIA. We want to harvest the tourist test of time and create long-term value for our On the developer’s expectation for the up- and Putrajaya Sentral Station. market to make Gamuda Cove the fi rst or the customers,” Aw notes. coming launch, Aw is confi dent that the project “To further enhance the connectivity of last stop for both local and international tour- will be well received, as some 10,000 online reg- the township, we have proposed two direct ists. We want to build a vibrant township, not A TOWNSHIP FOR ALL istrations of interest have been received in the accesses to Cyberjaya and Putrajaya. On top just houses,” he adds. Th e fi rst three residential phases – two phases past six months. At the recent Grand Opening of that, we are building a direct interchange He emphasises the importance of branding of terraced houses and one apartment project of Gamuda Cove Experience Gallery on Sept to Gamuda Cove from Elite Highway, which the township and attracting visitors and busi- – will comprise about 2,000 units in total. 23, 2018, an overwhelming crowd of more than will be ready by mid-2019, way before we hand nesses before residents move in. Hence the Cen- According to Aw, the indicative price for 3,000 turned up. over our fi rst batch of residential units in 2021,” tral Park, theme park and the 50-acre Gamuda the fi rst phase terraced houses will be from Aw attributes the good response to Gamuda he explains. Cove Discovery Park will be developed concur- RM680,000, with sizes ranging from 20ft by 70ft Land’s strong brand name, as well as the pro- What’s more is the mindful traffi c and trans- rently with the fi rst three residential phases, to 28ft by 65ft. While the apartment project’s ject’s strategic location. portation system being planned within Gamu- says Aw noting that this is only the beginning details are still being fi nalised, the indicative “It is a project for all. We did not set a cer- da Cove. According to Aw, Gamuda Cove will with more to come in future phases. selling price is from RM350,000. tain target market group because we are now feature dedicated cycling paths surrounding “Our target is when the fi rst batch of resi- Th e total GDV for the fi rst three phases is an creating a project of regional standard. It is for the township, a smart traffi c system and its very own trams. Th e tram system, the details of which are still being fi nalised, will fi rst be implemented in Gamuda Cove’s central business district on a 4km-long rail line on the main street. It will eventually connect the entire township. “We have considered other options before we fi nally agreed to use the tram, though we have to invest more in planning the railway track. We can decorate the tram for festival celebrations to make the township feel more like home and create a sense of belonging. Won’t it be cold if we see only the colour of concrete in the central business district?”

The developer opened up 150 units for registration on Sept 23 and they were fully taken up. EP 10 FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY COVER STORY EdgeProp.my KLCC's property prices are perceived as at high levels currently but the uptrend is expected to continue as it is the one of the major ˎ nancial hubs in the country. PICTURES BY LOW YEN YEING PICTURES BY LOW | This is why

BY TAN AI LENG WE INVEST roperty investment is defi nitely not a short term play. Th e majority of us do understand this basic rule of the game, but how long do we need to in property wait before the harvest? The experts reckon that it will Ptake at least fi ve years to enjoy a signifi cant cap- ital gain from property investment, depending on location. For established areas, it may take “But the caveat is that it must be a good prop- prices in the Klang Valley have been climbing a shorter time. erty type in a reasonable location, as there are for the past 20 years and have staged a strong To better explain how property investment also many cases of failed property investments,” rebound after every trough. can help you accumulate wealth, let’s check out Khong cautions. “Property investment is considered a good the growth of average house prices in selected Although the entry cost to own a property is hedge with an average compound annual growth areas in the Klang Valley over the past 17 years quite substantial, the good thing about proper- rate (CAGR) of 7% to 10%. based on Savills (Malaysia) Sdn Bhd’s (Savills ty investment in Malaysia is that prices will not “Compared to the high-rise residential seg- Malaysia) collection of transaction data from fl uctuate as much as the equity market or other ment, landed properties have performed slightly

2001 to 2017. high-return investment tools and it is low-risk (MALAYSIA) SAVILLS better over the longer term,” he notes. To put things in perspective, if you had for owner-occupiers. Khong: Malaysia Savills Malaysia has collated annual transac- purchased a single-storey terraced house for property price growth is tion data of several established residential areas RM150,000 in Puchong, Selangor in 2001, after 10 Annual returns on value more stable compared in the Klang Valley, tracking their housing price or 15 years, how big would be the capital gains? of around 8% with the equity market. trends from 2001 till 2017 and found that among According to the data, if the house was sold Malaysian Institute of Estate Agents (MIEA) some of the best-performing areas in terms of in 2010, it would probably receive an average president-elect Lim Boon Ping thinks that buying capital growth were Cheras, , Puchong, price of RM237,500, which means that the cap- property is the best way to accumulate wealth KLCC and Mont’Kiara. ital appreciation was close to 40%. as it could off er returns from both rental and Let’s see how they fared. By 2017, the average selling price had surged capital appreciation. to RM512,500, so if the same house was sold last Lim says a property in the Klang Valley could year (2017), you would enjoy a capital growth fetch an average of around 3% rental return of around 241%! yearly and a minimum 5% capital appreciation Another example are double-storey terraced annually, which comes up to an investment re-

houses in , Kuala Lumpur. According to turn of about 8%. Compared with other low-risk | THE EDGE HARIS HASSAN Savills’ data — this house type in wealth accumulation tools, such as fi xed de- Lim: Property purchase and Taman Segambut Indah had recorded an posits which provide around 3% to 4% returns, could offer owners rental average transaction price of RM178,500 in 2001, a property would be a better choice to preserve income and capital but the average price climbed to RM571,500 in one’s wealth. appreciation. 2017, a capital appreciation of 220%. Nevertheless, MIP Properties senior negoti- Condominiums in Bangsar, KL have appre- ator Freeman Woo points out that the current ciated by around 94% to 167% over the past 17 oversupply in the market of certain property years. For instance, condominiums in Bang- types might put pressure on price growth in the sar (Sri Penaga, Cascadium and Tivoli Villa) secondary market. He, however, also believes had been transacted at an average RM366,333 that land scarcity and the growing population in 2001 before rising by about 167% to almost will provide the fundamental support for price RM980,000 in 2017. growth in the long run. Savills Malaysia managing director Datuk “Like other developing nations, Malaysia is

Paul Khong says housing prices will continue now at the stage of ‘robust production’. Oversup- MOHD NAZAM MOHD IZWAN | THE EDGE to appreciate as land gets scarcer and popula- ply is normal at this stage, but as the population Woo: The slow market tion continues to grow. Hence, most people see increases, the market will absorb the supply, thus offers good investment property investment as a good hedge against pushing prices up,” Woo explains. opportunities. infl ation. Khong observes that residential property FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY EP 11 COVER STORY

Mont’Kiara is popular as a home choice among many expats for its community and amenities.

Bangsar KLCC and Evergreen high-end address Mont’Kiara Bangsar, an affl uent neighbourhood Bangsar has a good mix of expats “Although Bangsar’s a mere 5km away from KL city cen- and local residents, which makes Waiting for the next upswing tre, is one of the most sought-af- it a unique community with a good property prices are ter addresses as it off ers complete variety of off erings in terms of F&B, Landed property values are to cash-rich investors. amenities, great accessibility and a retail and entertainment. For exam- far from what one backed by land value, which is However, for owners who are strong sense of community. ple, while the Lucky Garden shops would call aff ordable, one of the most valuable and looking to realise their invest- This old neighbourhood com- attract more locals, the Jalan Tela- limited resources on earth, ments, the near term will not prises terraced houses, bungalows, wi area has a good mix of retail and homes here are still but high-rise properties also be a good time as the asking apartments and high-end condo- F&B off erings that attract both locals have investment value espe- prices in the secondary market miniums. and expats. in high demand.” cially projects in prime loca- have declined. According to Savills’ data, sin- “Th e good mix of diff erent cul- — Khong tions such as KL city centre and “Both Mont’Kiara and KLCC gle-storey terraced houses in Bangsar tures and elements within the neigh- Mont’Kiara. have strong advantages that which averaged RM375,000 in 2001, bourhood is what makes Bangsar As shown in Savills’ data, could support future price jumped to RM635,000 in 2010 and attractive to homebuyers. In addi- main road has exceeded RM1.2 mil- condominiums in the KLCC growth and demand. For in- RM1.27 million in 2017, recording a tion, land scarcity, growing popula- lion and is still moving northwards area (such as Corinthian, Marc stance, Mont’Kiara is popular as capital appreciation of 239%. tion and the business activities there whilst the old 2-storey terraced houses Service Residence, Park View a home choice for many expats Double-storey terraced houses in also support the price growth of the in Jalan Terasek are asking for around Service Apartment and Stonor due to its community, ameni- Bangsar, which were sold at around properties in Bangsar,” he opines. RM1.7 million,” Khong reveals. Park) have an average selling ties and international school RM620,000 in 2001, saw their aver- Savills’ Khong notes that although He reminds interested buyers to price of RM500,000 in 2001. choices,” Woo says. age selling price climb past the RM1 Bangsar’s property prices are far set aside another RM750,000 to RM1 Subsequently, their transaction million mark in 2010 and reached from what one would call aff ordable, million for refurbishment as most prices exceeded RM1 million “For KLCC, land RM1.65 million in 2017, a price in- homes here are still in high demand. landed houses in Bangsar are old in 2008 and reached RM1.12 crease of 166%. “For instance, a single-storey ter- and may require renovations and million in 2017, equivalent to scarcity is also MIP Properties’ Woo notes that raced house located close to the improvement to suit modern needs. a capital appreciation of 123%. For Mont’Kiara, the average another factor that transaction price in 2017 was will support price around RM800,000 compared with RM411,667 in 2001, thus growth.” — Woo fetching a capital appreciation of over 94%. “For KLCC, which is in the Lim from MIEA says KLCC, capital city of Malaysia, it will Mont’Kiara and Bangsar are definitely be the first choice mature and established areas. when foreigners consider vis- Th e housing prices in these lo- iting Malaysia or to settle down cations are perceived as at high in this country. In addition, land levels currently but he believes scarcity is also another factor the uptrend will still continue as that will support price growth,” these locations are major com- he elaborates. Bangsar’s mercial hubs. Khong from Savills says many Lucky Garden MIP Properties’ Woo of the older condos in these two comprises points out that the KLCC and locations fall short due to their quite a Mont’Kiara residential proper- bigger built-ups (over 2,000 number of ty markets have dipped since sq ft and selling above RM1.5 traditional hitting their peak in 2013. Price million). Newer products have mom and pop growth of non-landed residen- since reduced in size and many stores and tial property on the secondary of them have performed well in local coffee market has slowed, thus offer- the past few years. shops. ing investment opportunities CONTINUES NEXT PAGE EP 12 FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY COVER STORY

Landed homes in Cheras have enjoyed a stable price growth, where prices for double- storey terraced houses in some Single-storey terraced house price trend areas have seen in selected areas (RM/unit) double-digit growth (RM’000)

1,500 * every ˎ ve years. Bangsar wth* wth wth*

Puchong gro g gro g gro g 1,200 238.6% growth*

Cheras ear ear ear y y y 5-y 5-y 5-y 900 109.4% 17-year 17-year 30.9% 600 241.6% 16% 97.9% 300 39.7% 184.7% 13.3% 60% 9.3% 7.5% 0 ‘01‘02 ‘03 ‘04 ‘05‘06 ‘07 ‘08‘09 ‘10 ‘11‘12 ‘13 ‘14 ‘15 ‘16 ‘17

FROM PREVIOUS PAGE Double-storey terraced house price trend in selected areas (RM/unit) (RM’000)

Cheras 2,000 *

Bangsarsar wth* wth wth* ow

Puchongong gro g gro g gro g

New catalysts from integrated developments 1,500 growth* Cherass ear ear ear 166.1% y y y

Segambutmbuut 5-y 5-y 5-y 64.4% 33.3% As one of the biggest and oldest but back in 2001, these proper- commercial and industrial of- 1,000 17-year residential areas in the Klang ties were sold at an average price ferings,” Khong says. 16.1% 77.4% 173.9% Valley, Cheras is a well-estab- of RM199,333, equivalent to a Th ere are a few signifi cant 40.2% lished neigbourhood with the capital appreciation of 198%. new mixed commercial devel- 500 5.5% 25.3% 197.7% majority being business owners Khong from Savills notes opments in the neighbourhood 20.4% 84% 220.1% and home owner-occupiers. that Cheras’ proximity to Kua- such as Ikea MyTown Shop- 24.9% 31.3% 49.8% 0 Overall, landed homes in la Lumpur city centre makes ping Centre, Sunway Veloci- ‘01‘02 ‘03 ‘04 ‘05‘06 ‘07 ‘08‘09 ‘10 ‘11‘12 ‘13 ‘14 ‘15 ‘16 ‘17 Cheras have enjoyed a stable the neighbourhood attractive ty Mall and EkoCheras Mall. price growth. Th e average selling to both homebuyers and busi- Th ese plus the well-established price of a single-storey house in ness owners. Aeon Taman and Cheras Cheras was around RM151,000 in “Th e newer redevelopment Leisure Mall, will be the cat- High-rise residential price trend 2001; the average price climbed to areas along Jalan Cochrane alysts for the future growth of in selected areas (RM/unit) (RM’000) RM215,000 in 2010, then surged and Jalan Cheras are focused the area. He notes especially 1,500 * * KLCC to RM430,000 in 2017 – that is a on strata residences while the the EkoCheras integrated de- wth* wth wth gro g gro g gro g capital growth of close to 185%. older parts of Cheras (towards velopment next to the Taman Bangsar

1,200 growth* For double-storey terraced Cheras Leisure Mall) are estab- Mutiara LRT Station as it is ex- Mont’Kiara ear ear ear y y yea y houses, the average transaction lished landed housing areas pected to refresh the eastern 5-y 5-y 5-y 60.2% 9.1% 123.1% price in 2017 was RM593,333, interspersed with some strata Cheras corridor. 900 17-year 47.6% 167.5% 94.3% 600 30.5% 16.7% 39.1% 4.0% 51.9% Puchong 11.1% 300 ‘01‘02 ‘03 ‘04 ‘05‘06 ‘07 ‘08‘09 ‘10 ‘11‘12 ‘13 ‘14 ‘15 ‘16 ‘17 SOURCE: SAVILLS (MALAYSIA) SDN BHD (MALAYSIA) SOURCE: SAVILLS

The centre of the Klang Valley * Estimated value. Data is based on transaction value of selected projects (from 2001 to 2017). Puchong, popularly known as According to Savills’ data, in development to move further the centre of the Klang Valley, 2001, the average transaction to the inner parts of Puchong, off ers easy highway access to price for single-storey terraced such as Puchong Utama and the various parts of Klang Val- houses was at RM150,000. Th e areas close to , Seri ley including Kuala Lumpur city same type of houses were trans- Kembangan and Cyberjaya. OUTLOOK centre, Petaling Jaya and Subang acted at RM512,500 in 2017, Th e LRT Line Extension has Jaya. Puchong has been attract- equivalent to a capital appre- seen eight stations linking Pu- The data has shown us large and The majority of the market would ing new homebuyers and fami- ciation of close to 242%. chong to neighbouring areas exciting investment return fi gures but not buy anything here at that time. lies as well as people relocating Double-storey houses in Pu- such as Bukit Jalil, , Lim from MIEA reminds interested However, as urbanisation took place, from other states into the Klang chong fetched an average trans- Putra Heights and KL city centre. players that property investment is a these two places are now among the Valley for work. action price of RM243,333 in “Puchong, Kinrara and Bukit long-term game which will take about most wanted locations for property Taman Kinrara, Bandar Kin- 2001, and prices rose 174% to Jalil areas are now considered fi ve to 10 years to see returns. buyers,” he highlights. rara and Puchong Perdana are RM666,667 in 2017. semi-prime locations with “For individuals struggling to make MIP’s Woo opines that although some of the most established Savills’ Khong says improved various major developments ends meet, they should take prudent asking prices and transactions in residential areas in Puchong. public transportation coupled in place, namely IOI City Mall, steps in choosing the right property the secondary market have declined Th ese areas are highly popu- with an existing well-connect- Pavilion Bukit Jalil and the KL that could possibly fetch good returns over the past three to four years, this lated with various amenities. ed road network have enabled Sports City,” he adds. while not over-stretching themselves has opened up an opportunity for fi nancially,” Lim advises. purchasers to look for properties that He opines that the potential growth suit their budgets, especially in prime of new and emerging areas with areas such as KLCC and Mont’Kiara. rising populations such as southern As for investment timing, Khong Klang Valley’s Semenyih and Dengkil from Savills expects the market to be shouldn’t be underestimated. relatively fl at for the next half of this Lim notes that the location element year (2018). This will be a good time might be the main consideration in for purchasers to look out for bargains property investment but one should during the slow market, he says. EdgeProp.my consider the future potential of an “We hope for a basket of goodies area and once future catalysts or for the property sector in the next growth prospects have been identifi ed, Malaysian National Budget in the buying decisions should be made at fourth quarter this year, on whether the early stage when prices are low. there will be relaxed guidelines on “Take Bandar Utama and Puchong end-fi nancing as this could be a major Taman Kinrara is one of the most established as examples. These places were known catalyst to boost market demand,” and popular residential areas in Puchong for as ‘no-where’ some 20 – 30 years ago. says Khong.

PICTURES BY LOW YEN YEING PICTURES BY LOW | its easy accessibility and various amenities. FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY EP 13 FEATURE

BY SHAWN NG Both of us are from Pahang and we have been renting in the Klang Val- fter going through ley for more than 10 years before we the tedious home purchased this [property] in 2013,” -buying process Eng tells EdgeProp.my, adding that Fitting-out your which involves a lot they moved into the 3-bedroom of calls, meetings residence in June last year. and paperwork, It took them six months of Ayou finally get the keys to your new home-hunting before they came home — hooray! across the new condominium pro- Now you have another thing to ject. What sealed the decision were NEW HOME contend with — furnishing and the facilities and the fi ttings includ- | PICTURES BY LOW YEN YEING decorating your dwelling before ing kitchen cabinet, water heaters you move in. Where do you start? and air-conditioners. You could hire an interior de- Working along their own incli- signer to do all the work but if you nations, Leong focused on the large prefer to do it yourself, perhaps you and essential items such as beds, can get some tips from Terry Leong sofa set, refrigerator and TV cab- and Jennifer Eng who decorated inet, while Eng zoomed in on the their 1,076 sq ft condominium unit soft furnishing and fi ttings. Th us, all by themselves. Other than the Eng drew up the design concept EdgeProp.my sense of fulfi lment you get from and decor for the space while Le- watching your handiwork come to ong took charge of renovations and life, the perks include signifi cant sourcing for large furniture. cost-savings. “We do not have a background in Housed in D’Aman Residence in interior design but Eng is a graphic Puchong, the couple’s Nordic-style designer and I believe she has some abode is airy and off ers clean lines aesthetic sense,” quips Leong. that give it a tranquil and laidback Th e couple eventually chose the feel. Nordic style which is marked by Th e use of light colour tones that its light colours along a minimal- feature a combination of white, ist style, which makes it easier to gray, yellow and neon green adds DIY, they say. cheer and a sense of space. The Overall, the couple spent be- fittings and furnishings on the tween RM50,000 and RM60,000 other hand are modern and func- on some light renovations, interior tional with some pieces having fi t-out and decor for their home. multi-functional and extendable Below are some tips from the features. couple for those who intend to DIY “Th is condo is our fi rst house. on a limited budget. Leong (left) and Eng furnished and decorated their home by themselves.

Start early Learn from Be smart with their condominium was completed. “We spent a lot of time and ef- Moving into your new home the experts your money fort to fi nd the things we want,” he 1 and doing the interior design 3 5 While you may have lofty recounts. yourself is no joke. You will be living Fret not if you have no idea how to plans for your home, you should Th eir strategy was to purchase amidst chaos and mess for some decide on the colours and design also not forget to fi rst work out your the big-ticket items such as the time. So, the best advice is to start concept. Just learn from the experi- budget. In order to fi nd the best refrigerator, sofa, mattress and TV early, especially if you are taking ence of others who have taken the value-for-money furniture and fi t- cabinet from local stores and or- baby steps. In the case of Leong DIY route or even professionals who tings, be on the lookout both online der the smaller products online and Eng, the couple started to think post their completed works on the and offl ine. including the curtains, TV, ceiling about the design and colour theme web or other channels, says Eng. “We spent months shopping for fans and study desk to save cost. as soon as they made the decision However, she says it is best to furniture and fi ttings, and compar- “Although there is a risk of get- to purchase the unit. consult an expert when in doubt. “It ing prices in order to stay within ting a lemon when you buy on- To start with, you can draw up would be great if you have friends budget,” says Leong. Th e couple vis- line and you may not get a refund simple space and layout designs who happen to be experts.” ited about a dozen physical home for that, the things that we bought based on the plans provided by “One of my friends is a contrac- A bench seat with storage saves fairs and expos and checked out nu- online have been alright so far,” the developer, says Eng. tor and he helped us with the ren- space and keeps your home tidy. merous online stores a year before Leong shares. ovations including wiring works, Be clear false ceilings and the kitchen ex- Look for tension at a good price. He even about what gave some suggestions on the wall multi-function 2 you want colours,” says Leong. 4 and extendable furniture While you would probably get a lot of suggestions and unwelcome ad- Having the correct measurements vice during the process, Eng notes is key to buying the right furni- that it is important to stick to the ture, but even with that, there could plan and your preferences because be a change in the future layout at the end of the day, it is your home plans to suit the occupants’ taste and it is going to be you who will or needs. So, in order to lower the be living there. risk of having to discard or replace “Just stick to the things you like. the furniture, you could consider If you do that, you will not regret multipurpose and even extendable your choice because they are the furniture items as these are more things you like,” Eng says. flexible and can be “shaped” or She adds that before you pro- “sized” accordingly. For example, ceed to the next stage, you should the dining chairs in Leong and Eng’s choose a set of colours based on a condo can be transformed into a theme. “I have chosen four colours ladder or a small table. Th e couple for my home – gray, white, yellow also has an extendable coff ee table. and neon green. From my experi- Storage solutions and dual-func- ence, compared with dark colours, tion items certainly help to save bright colours are not as easy to Eng bought all the LED ceiling space and keep your home tidy mess up,” she off ers. fans in their home online. such as a bench seat with storage. Extendable furniture allows you to cater for more people when needed. EP 14 FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY FEATURE

Chee says virtual platforms give

EdgeProp.my her more options compared to brick- and-mortar set-ups.

LOW YEN YEING LOW | Tips for buying furniture

BY NATALIE KHOO ONLINE agency. I am also involved in a cubic meter, and if you buy more, co-working space business with you can negotiate with the forward- ne way to save my sister and brother-in-law. Both er for a better shipping rate,” she cost when buy- of them are architects, which is why shares. ing home furni- we are quite familiar with the real Chee adds that virtual platforms ture and fittings estate sector. In our co-working give her more options compared to in this time and space business, I am tasked to buy brick-and-mortar set-ups. “I like age, is to shop on- furniture for the space, so I try to modern contemporary styles. I can Oline. Armchair shopping also saves order [them] online to reduce the get the small and basic things from you the hassle of running around outlay,” Chee tells EdgeProp.my. furniture stores around town but various shops in town to hunt for You can save as much as 30% to for the big items such as dining pieces of furniture that suit your 50% from the normal price, she table or outdoor table, I want to style and budget. says, citing a coffee table she have more choices and maybe even Florence Chee, a regular user of bought for her house. She paid choose a diff erent style,” she notes, global online shopping websites slightly more than RM1,000 for adding that she can freely browse such as Taobao, believes there is the table excluding shipping cost. as much as she wants for choices a paradigm shift in the way con- Even after factoring in the delivery from around the world without sumers buy furniture now, as the fees, the total price was cheaper being limited to having to travel to convenience and attractive prices than buying it from a local furni- physical stores one by one. of cyber shopping have set off a ture store. Chee shares with EdgeProp.my new trend. “Th e market rate for shipping some steps to take when buying “I run an e-commerce and web cost is about RM400 to RM500 per furniture online.

Start with small Ask for photos items and avoid of the actual 1 high-risk items 4 product It is neither advisable to get big Ask the seller for photos of the ac- items such as sofas as you can’t feel tual product instead of a generic the material or quality, nor high- photo. It would be suspicious if he risk items such as marble as they or she can’t provide any. may get cracked or scratched dur- ing transportation. Start small with Take accurate items such as chairs, a coff ee table or lamps and experiment around. measurements If you order high-risk items such as of space to marble and it gets cracked during 5 Save pictures ˎ t furniture transportation, there is usually not of items you like Plan your much you can do, as returning it is It is important to get an accurate delivery time equivalent to shipping your item 2 Online shopping mobile measurement of the space in your in advance back to China if you are buying applications such as Taobao have home that you want to place the 7 from Taobao. a function which allows you to up- furniture. You want to make sure Shipping furniture from overseas load a photo of what you are look- the item fi ts the space you have in will take some time and it can go ing for. Based on the photo, a list mind before ordering it. Most of up to one or two months. Th us, it of similar products for sale will be the furniture sold online provide Get a reliable is important to gauge when you collated for you. Th is helps especial- accurate sizes. need the furniture, as it will not be ly for those who have diffi culty de- forwarder delivered overnight or even over a scribing specifi cally the items they A forwarder is a person week. You also need to be at home want to buy. Th us, saving photos 6who handles the logistics of how to receive your goods so, it is rec- of similar items you would like to your furniture, especially from Chi- ommended that you compile a list buy will help especially if you don’t na, will be delivered to your home of the items you want to buy and know Chinese but are buying from in Malaysia. Getting a reliable for- get them delivered on the same day a Chinese-language portal. warder is important as he or she rather than at diff erent times. Th at will be the one making sure that saves cost and time. Read customer the furniture will be delivered to your home in one piece. You can reviews search for forwarders via websites Look through reviews of such as EziBuy, Alibaba or simply 3past customers and their comments type in Google: “Forwarder China on the product. A product that has to Malaysia”. As it is a very com- a lot of reviews from past customers petitive business, the forwarders are usually fi ne and the feedback off er you really good service with which they provide is credible. competitive shipping fees. FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY EP 15 FEATURE

The Hamptons of Asia: Where the ultra-rich buy their weekend retreats

PICTURES BY BLOOMBERG BY FREDERIK BALFOUR sweltering capital in summer; for- ests ablaze with colours in the au- The Iniali Beach s the Hamptons tumn; and hot springs and skiing in House in Phuket. empty out with the the winter. John Lennon and Yoko post-Labour Day Ono were regular visitors, and Em- exodus, half way peror Akihito and Empress Michiko around the world fi rst met there on the tennis court some of Asia’s fa- 61 years ago. Avourite weekend retreats are gear- Th e town of 20,000 is a testament ing up for the best weather of the to “stealth wealth”, where design year. Summer monsoons are giv- and the desire to blend with the ing way to drier and cooler tem- natural surroundings trumps size peratures across Southeast Asia or ostentation. Here is some of the and India, while autumns in Japan country’s fi nest avant-garde archi- are a leaf peeper’s dream. tecture. A modest two-bedroom Indeed, while the season at Sag home, a short stroll from the Mam- Harbor and Amagansett lasts a few pei Hotel where John and Yoko short months, Asia’s moneyed class stayed, is on the market for US$1.3 enjoy their holiday homes all year million. long thanks to subtropical climates. Although there’s no direct equiv- alent to the Hamptons for most of the big fi nancial centres in Asia, the Alibaug region’s excellent rail and air net- In the time it takes to go fi ve blocks works (and growing fl eet of private in Mumbai’s infamous rush-hour jets) allow wealthy weekenders to traffi c, wealthy Mumbaikars can zip congregate in second homes that by speedboat to Mandwa jetty on are only a couple of hours from the peninsula to enjoy the rural life the offi ce. in Alibaug. Here the country’s top villa on the market asking for US$1.5 with the villas of expats, celebrities Here are fi ve popular havens for industrialists, fi nanciers and Bol- Tagaytay million. Th e eight-bedroom home and billionaires. rural opulence where the rich and lywood stars including Shah Rukh backs onto one of three golf courses More modest properties start at famous can be rich and famous to- Khan can bump along ragged rural Highlands within the Tagaytay Highlands gated about US$1 million, but the island’s gether. Soaring prices over the past roads to secluded villas that seem a Surrounded by an urban sprawl of community, and like many of the recent rise as a second-home des- decade ensure ownership in the world away from the seething city. some 25 million people, escaping best properties, enjoys views over- tination has been decreasing the best areas is increasingly restricted In the past 15 years the area has the heat and grime of Manila isn’t looking the spectacular Taal Lake. modesty and increasing the pric- to one-percenters, but many also lured rich individuals “who want easy. Th e answer for the city’s elite es. Th e US$24 million Iniali Beach rent out their properties for at least a lifestyle that can be talked about”, is to head to the hills. Tagaytay, at House, the ne-plus-ultra in luxury part of the year. said Shveta Jain, executive director about 2,000 feet above sea level and over-the-top design, built by of residential services at Cushman in Cavite province, off ers temper- Phuket British owner Mark Weingard, has & Wakefi eld India. atures in the mid-seventies year Off the west coast of Th ailand in been rented to jetsetters including Navigating the thicket of red tape round, and the 2½-hour drive from the Andaman Sea, the island of Usain Bolt and the Kardashians. Bali to acquire land and build a villa has the capital could drop to less than Phuket has become a perennial Rates for the entire three-villa com- Asia’s best-known holiday retreat kept supply scarce, so most sites half that once a planned express- favourite for Asia’s well heeled and plex reach US$30,000 per night, has been enticing celebrities since range from 500 square yards to half way is completed. well keeled. A burgeoning base for complete with 101 staff , said Tim Mick Jagger’s marriage to Jerry an acre with prices from about 50 Compared to other weekend get- visiting superyachts, the steep for- Skevington managing director of Hall there in 1992, and the island’s million rupees (RM2.85 million) aways in Asia, property prices are ested slopes descending to dozens Richmont’s Luxury Real Estate in unique culture, wave-swept beach- up to 140 million rupees. modest, with the most expensive of beaches and bays are peppered Bangkok. — Bloomberg es and terraced rice paddies have been captivating travellers for more than a century. A 2½-hour flight from Singa- pore, the Island of the Gods is also a favourite haunt for those escap- ing the North Asian winter and an increasing number of retirees who wish to spend their sunset years watching the sun set into the Indian Ocean. Th e most coveted properties are in areas zoned for tourism where foreign owners can lease out their villas. Land prices in Seminyak and Sanur, two of the most popular Beachfront property in Tabanan, Bali. A ˎ ve-bedroom villa in the village of Awas, Alibaug. high-end beaches, cost as much as US$2,700 (RM11,179) per sq m. Local property agent Harcourt Sev- en Stones is asking US$4.95 million for a new 12-room villa with 45m of beachfront, not far from a large development being built in part- nership with Trump Hotels.

Karuizawa Just 80 minutes by bullet train from Tokyo, the mountain retreat of Karuizawa has many guises: of- fering golf and an escape from the House Crane in Karuizawa, Japan. Taal Lake in Tagaytay. EP 16 FRIDAY SEPTEMBER 28, 2018 • THEEDGE FINANCIAL DAILY

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LIDM01007557 LIDM01022989 LIDM01011848 LIDM01013368

RM389,000 RM148,000 RM1,850,000 RM898,000 Palm Spring, Sunway Taman Pandan Indah, Danau Kota, , Ceriaan Kiara, Mont’Kiara, Damansara, Selangor Pandan Indah, Selangor Kuala Lumpur Kuala Lumpur Type: Condominium Tenure: Leasehold Type: Flat Tenure: Leasehold Type: Shop Tenure: Leasehold Type: Condominium Tenure: Freehold Built-up: 936 sq ft Bedrooms: 3 Built-up: 614 sq ft Bedrooms: 3 Built-up: 4,950 sq ft Land size: 1,650 sq ft Built-up: 1,830 sq ft Bedrooms: 3 Bathrooms: 2 Bathroom: 1 Bathrooms: 3

James Ang (PEA1056) Jacky Ng (REN 13820) Jacky Ng (REN 13820) Jacky Ng (REN 13820) GREENFIELD PROPERTIES TD AZIZ SDN BHD TD AZIZ SDN BHD TD AZIZ SDN BHD (E (2) 1064) (VE (1) 0019/1) (VE (1) 0019/1) (VE (1) 0019/1) +6012 680 8996 +6012 268 6862 +6012 268 6862 +6012 268 6862

LIDM01014754 LIDM01015654 LIDM01020162 LIDM01023623

RM360,000 RM1,650,000 RM1,500/mth RM428,000 Alam Sanjung, Shah Alam, Pavilion Hilltop, Mont’Kiara, Dynasty Garden, Kuchai Vista Mutiara, , Selangor Kuala Lumpur Lama, Kuala Lumpur Kuala Lumpur Type: Serviced apartment Tenure: Freehold Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Type: Condominium Tenure: Leasehold Built-up: 864 sq ft Bedrooms: 3 Built-up: 1,496 sq ft Bedrooms: 4 Built-up: 1,200 sq ft Bedrooms: 3 Built-up: 1,001 sq ft Bedrooms: 3 Bathrooms: 2 Bathrooms: 4 Bathrooms: 2 Bathrooms: 2

Allen Ang (REN 21649) Kevin Teh (REN 02206) Kent Tan (REN 19050) Adan Soh (REN 06916) VIVAHOMES REALTY SDN BHD PROPSTAR REALTY CHESTER PROPERTIES SDN BHD VIVAHOMES REALTY SDN BHD (E (1) 1670/11) (E (3) 1591) (E (1) 1321/6) (E (1) 1670/1) +6014 930 4937 +6013 555 7333 +6012 637 8528 +6013 272 8668

LIDM01010065 LIDM01001548 LIDM01022390 LIDM01022442

RM730,000 RM645,000 RM1,600,000 RM815,000 KiPark Sri Utara, Jalan Ipoh, Taman Selayang Utama, Bandar Bukit Mahkota, AU 3, Keramat, Selangor Kuala Lumpur Selayang, Selangor Bangi, Selangor Type: Terraced house Tenure: Leasehold Type: Terraced house Tenure: Leasehold Type: Terraced house Tenure: Leasehold Type: Bungalow Tenure: Freehold Built-up: 1,600 sq ft Land size: 1,650 sq ft Built-up: 1,830 sq ft Land size: 1,080 sq ft Built-up: 1,500 sq ft Land size: 1,400 sq ft Built-up: 3,500 sq ft Land size: 5,877 sq ft Bedrooms: 4 Bathrooms: 3 Bedrooms: 4 Bathrooms: 3 Bedrooms: 5 Bathrooms: 3 Bedrooms: 4 Bathrooms: 3

Adan Soh (REN 06916) Adan Soh (REN 06916) Anne Annuar (REN 21203) Anne Annuar (REN 21203) VIVAHOMES REALTY SDN BHD VIVAHOMES REALTY SDN BHD FIRDAUS & ASSOCIATES PROPERTY FIRDAUS & ASSOCIATES PROPERTY (E (1) 1670/1) (E (1) 1670/1) PROFESSIONALS SDN BHD PROFESSIONALS SDN BHD +6013 272 8668 +6013 272 8668 (VE (1) 0091/3) +6013 298 8635 (VE (1) 0091/3) +6013 298 8635

LIDM01022485 LIDM01023697 LIDM01023158 LIDM01021890

RM3,500,000 RM2,200,000 RM1,098,000 RM1,680,000 Laman Damaisari, Zenith Corporate Park, The Rainz, Bukit Jalil, KM1, Bukit Jalil, Segambut, Kuala Lumpur Petaling Jaya, Selangor Kuala Lumpur Kuala Lumpur Type: Bungalow Tenure: Freehold Type: Shop house Tenure: Leasehold Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 6,000 sq ft Land size: 3,940 sq ft Built-up: 4,728 sq ft Land size: 1,920 sq ft Built-up: 1,772 sq ft Bedrooms: 4 Built-up: 2,028 sq ft Bedrooms: 4 Bedrooms: 7 Bathrooms: 8 Bathrooms: 4 Bathrooms: 3

Anne Annuar (REN 21203) Ono Chong (REN 00841) Ono Chong (REN 00841) Ono Chong (REN 00841) FIRDAUS & ASSOCIATES PROPERTY DREAMVEST REALTY SDN BHD DREAMVEST REALTY SDN BHD DREAMVEST REALTY SDN BHD PROFESSIONALS SDN BHD (E (1) 1634) (E (1) 1634) (E (1) 1634) (VE (1) 0091/3) +6013 298 8635 +6012 373 1456 +6012 373 1456 +6012 373 1456 Published by The Edge Property Sdn Bhd (1091814-P) 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.