MONTH: JUNE 2011 ISSUES: 06/2011

Property

News

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Issues 6: 1-30 June 2011

GENERAL ECONOMIC & PROPERTY MARKET

1. Kenanga expects slower Q2 GDP growth (The Star, 24-June-2011) Malaysia GDP to moderate to 4.4 per cent in Q2 (Bernama, 23-June-2011) . According to Kenanga Research, the country’s Gross Domestic Product (GDP) growth is expected to slow down to 4.4% in the 2Q 2011 from 4.6% in the 1Q 2011 due to the impact of devastating earthquake in Japan and the social uprising in the Middle East and North Africa. . On average, the GDP is projected to slow to 4.5% in the 1H 2011 from 5% in the 2H 2010. . Kenanga Investment Bank Bhd has projected real GDP growth to expand to 6.8% in the 2H 2011, backed by an expected higher private spending spurred mainly by the government-initiated Economic Transformation Programme. PROPERTY & GENERAL ECONOMIC MARKET . Furthermore, the inflation rate was expected to remain elevated in the 2H 2011 as food prices remained high as domestic demand improved as well as the impact of festive season. . Kenanga also expected the average Consumer Price Index (CPI) growth to remain about 3% in the 2H 2011 comparatively matching the 1H 2011.

2. FDI growth to support six percent GDP target (Bernama, 23-June-2011) . A sustainable 5-10% annual increase in Foreign Direct Investment (FDIs) is expected to contribute 0.5% to 1% point rise in Malaysia’s Gross Domestic Product (GDP) growth, making the 6% GDP target achievable. . According to Deputy Minister of International Trade and Industry, Datuk Mukhriz Mahathir, the government was aggressively combining FDI and Domestic Direct Investment (DDI) to be one of the growth engines to support the country’s growth towards a high income economy. . Datuk Mukhriz also added, Malaysia FDIs in 2010 amounted to RM9 billion, a significant increase compared to the RM1.4 billion in 2009.

3. MBAM: Rising construction costs hurting industry (The Edge Property, 20-June-2011) . Rising building material costs are haunting construction companies again. Local builders say construction costs may rise at a faster pace than earnings, prompting players to seek greater liberty to import building materials and equipments at lower tariffs. . Master Builders Associations Malaysia’s (MBAM) immediate past president, Datuk Ng Kee Leen, said construction costs here could rise by at least 15% next year if policymakers did not review their policies on imports of building materials and machinery.

. According to MBAM, building costs in the country had risen by some 10% over the last one year due to the combined impact of rising inflation and material prices, in addition to high import duties. . For now, local builders can import steel products and cement at zero import duties. But players are lamenting that import taxes of 30% for other materials such as marble and tiles are on the high side.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 1 Issues 6: 1-30 June 2011

LAND TRANSACTIONS

4. Development land sale in Mukim Hulu Kinta, Perak (Bursa Malaysia, 15-June-2011) Location Kampong Razak, Mukim Hulu Kinta, District of Kinta, Perak Vendor Various Vendors

Purchaser DKLS Premierhome Sdn Bhd (subsidiary of DKLS Industries Berhad) Title details Please refer: http://www.bursamalaysia.com/website/bm/listed_companies/com pany_announcements/search.jsp Mukim/ District Mukim of Hulu Kinta, District of Kinta, State of Perak Land tenure Leasehold 99 years (expiring on 25 November 2107) Description DKLS Group intends to develop the Land into a mixed development project comprising residential and commercial lots. Land area 6,783,598.80 sq ft (155.73 acres) Price RM51,825,280 @RM7.64 per sq ft Date of SPA 15 June 2011

LAND TRANSACTIONS

5. Development land sale in Mukim Plentong, Johor Bahru (Bursa Malaysia, 10-June-2011) Location Mukim Plentong, Johor Bahru Vendor MA Realty Sdn Bhd (subsidiary of Olympia Industries Berhad)

Purchaser Adawan Development Sdn Bhd Title details H.S (D) 60410, MLO 2277 Mukim/ District Mukim of Plentong, District of Johor Bahru, State of Johor Land tenure Freehold Description . The land is an unconverted land zoned for residential and commercial use. . It has irregular shape and is generally undulating in terrain and partly swampy.

. The land is located adjacent to the existing housing scheme known as Taman Sri Intan and Taman Iskandar Johor. Land area 1,641,668.56 sq ft (15.2516 hectares) Price RM80,000,000 @ RM48.73 per sq ft Date of SPA 10 June 2011

6. Development land sale in Johor Bahru (Bursa Malaysia, 7-June-2011) Location Johor Bahru Vendor Ladang SPK Sdn Bhd Purchaser Rainbow Entity Sdn. Bhd (subsidiary of Gromutual Berhad) Title details Held under Geran 88701, Lot 4460 and Geran 98995, Lot 3028 Mukim/ District Township of Johor Bahru, State of Johor Land tenure Freehold Description Two pieces of lands zoned for mixed development, pending submission of application of conversion, subdivision and building plans. Land area Lot 4460 - 97,734.98 sq ft (0.908 hectare)

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Lot 3028 - 578,527.88 sq ft (5.3747 hectares) Total land area : 676,262.86 sq ft (6.2827 hectares) Price RM44,000,000 @ RM65.06 per sq ft Date of SPA 7 June 2011

7. Agriculture land sale at Sungai Luai and Sungai Bawah, Niah Sarawak (Bursa Malaysia, 3-June-2011) Location Selangor Plantation Estate, Sungai Luai and Sungai Bawah, Niah, Sarawak Vendor Sheba Resources Sdn Bhd Purchaser R.H. Plantation Sdn Bhd (subsidiary of Rimbunan Sawit Berhad) Title details Held under Lot 56 Mukim/ District District of Sawai Land, State of Sarawak. Land tenure Leasehold 60 years (expiring on 21 February 2054) Description The parcel of land is currently with oil palm aged between 14 years and 16 years old. The Land use is for mixed zone land / country land. The land is situated at Sungai Luai and Sungai Bawah, Niah, Sarawak. Land area 522,803,108.70 sq ft (4,857 hectares) Price RM118,000,000 @RM0.23 per sq ft LAND TRANSACTIONS Date of SPA 3 June 2011

8. Development land sale in Mukim Tebrau, Johor (Bursa Malaysia, 2-June-2011) Location Mukim Tebrau, Johor Bahru Vendors Property 1: Eternal Structure Sdn Bhd and JMJ Construction Sendirian Bhd Property 2: Khoo Chang Chiang Property 3: Choo Keng Kwang, Teo Joo Chiang and Yeo Kheng Seng Purchaser Prairie Development Sdn Bhd (subsidiary of Gromutual Berhad) Title details Held under: Property 1: GM257 Lot 2922

Property 2: GM726 Lot 44572 Property 3: GM1514 Lot 2920 Mukim/ District Mukim of Tebrau, District of Johor Bahru, State of Johor Land tenure Freehold

Description The vacant lands have been zoned for commercial development. Land area Property 1: 203,653.18 sq ft (1.892 hectares) Property 2: 84,755.03 sq ft (0.7874 hectare ) Property 3: 82,219.50 sq ft (0.7638 hectare)

Total land area: 370,627.71 sq ft (3.4432 hectares)

Price RM13,335,898 @ RM35.98 per sq ft

Date of SPA Property 1: 28 Jan 2011 Property 2: 1 Feb 2011 Property 3: 2 June 2011

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9. Development land sale in Melaka (Bursa Malaysia, 1-June-2011) Location Persisiran Pantai Klebang, Klebang Besar, Melaka Vendor Sentosacove Development Sdn Bhd (subsidiary Benalec Sdn bhd)

Purchaser Vista Selesa Development Sdn Bhd Title details H.S (D) 69012 P.T. No. 427, H.S (D) 69013, P.T. No. 428, H.S (D) 69014 P.T. No. 429, H.S (D) 69015, P.T. No. 430, H.S (D) 69016 P.T. No. 431 and H.S (D) 69017, P.T. No. 432 Mukim/ District Pekan Klebang Sek II, District of Melaka Tengah, State of Melaka Land tenure Leasehold 99 years (expiring on 24 November 2109) Description . There are 6 separate titles. . The Lands are situated approximately 7 kilometres west of Bandar Melaka and approximately 15 kilometres south west of Ayer Keroh Town. In future, the land will have direct access from the proposed Coastal Highway which links Duyong, Mahkota Parade, Kota Laksamana and Klebang. Total Land area 1,627,405 sq ft (151,191 sq m) Price RM45,567,323.20 @RM28 per sq ft Date of SPA 1 June 2011 LAND TRANSACTIONS

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 4 Issues 6: 1-30 June 2011

RESIDENTIAL PROPERTY IN KLANG VALLEY

10. 50% of Aquina sold in weekend launch (The Edge Property, 27-June-2011) PROJECT NAME Aquina, TTDI Alam Impian Location TTDI Alam Impian, Shah Alam Developer Naza TTDI Sdn Bhd Type Double-storey linked houses No. of units 126 Built-up area 2,476 - 4,224 sq ft Selling price RM606,000 - RM1.5 million Launching date June 2011 Selling performance 50% An Artist’s impression of the Aquina, TTDI Alam Incentives . Free maintenance charges for 1 year. Impian . Free legal fees on sales and purchase agreement (SPA). . Sales rebates of 3%. Features . Improved design and features as well as increased built-up areas. Notes . The 208-acre TTDI Alam Impian township is located in Section 35 of Shah Alam where it will comprise 15 development phases. . Besides residences, there will also be retail and commercial centres and other facilities such as RESIDENTIAL schools, community halls and recreational parks. . The earlier phases: Spira, Viola and Sephira, are all sold out. Spira’s owners took vacant possession of their units early 2011, while the Viola units are to be completed by the end of 2011 whilst Sephira units are to be completed in the following year.

11. First high-rise in Kampung Baru (The Edge Property, 26-June-2011) PROJECT NAME Mercu Zikay

Location Kampung Baru, Developer Zikay Group GDV RM250 million Development land area Slightly more than 1 acre Gross floor area 635,000 sq ft Tenure Freehold (Malay reserved land) Type Serviced apartment (Levels 28-39) Hotel (Levels 15-27) Level/Block 40-storey / 1 block No. of units Serviced apartment: 130 Hotel: 289 Built-up area Serviced apartment: 450 - 2,500 sq ft An Artist’s impression of the Selling price From RM850 per sq ft Mercu Zikay Launching date (expected) 3Q 2011 Notes . 40% of the apartments are studio units. . There are 2 basements parking levels and elevated parking from levels 3 to 12, which offer more than 300 parking bays. . The building also features retail units on levels 1 and 2, a ballroom (800-pax capacity) on level 13, swimming pool and recreation area on level 14, sky dining on level 27, sky lounge on level 40 and helipad on the rooftop.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 5 Issues 6: 1-30 June 2011

12. Resort-like lifestyle at new (The Star, 17-June-2011) PROJECT NAME Kiara 9, Mont’ Kiara Location Jalan Kiara 3, Mont’ Kiara Developer Kina-Bijak Sdn Bhd (subsidiary of Mitrajaya Holdings

Bhd) Development land area 1.21 hectares Tenure Freehold Type Garden villas as well as single-level and duplex

condominiums Level/Block 41-storey/ 1 block Built-up area Standard : 1,661 - 2,201 sq ft Duplex : 2,694 sq ft

Garden villa’s : 4,450 sq ft Selling price Standard : RM1.6 million (for 2,201 sq ft) Duplex : From RM2.3 million Garden villa’s : RM4.05 - RM4.5 million Selling performance 70% Launching date 2008 Features . High ceiling in the lobby up to 7.6 metres high to create a lofty feel. . Abundance of floor ceiling windows that allows for An Artist’s impression of The Kiara 9, plenty of natural lighting and most of it offers RESIDENTIAL views of the garden. Mont’t Kiara

13. Residential land sale in Petaling (Bursa Malaysia, 23-June-2011) Location Mukim Petaling Vendor Talam Corporation Berhad.

Purchaser Trident Treasure Sdn Bhd (subsidiary of Talam Corporation Berhad) Title details Held under H.S.(D) 201980 PT 62420 and H.S.(D) 201981 PT 62421 Land tenure Leasehold 99 years (expiring on 10 June 2103) Mukim/ District Mukim of Petaling, District of Petaling, State of Selangor. Description The Purchaser will undertake the development of semi-detached houses, dwelling houses or equivalent on the lands. Land area 1,127,333 sq ft (25.88 acres) Price RM3,945,6648 @ RM35 per sq ft Date of SPA 6/23/2011

14. Asset1 and Weststar to develop 21 acres in Kemensah Heights (The Edge Property, 17-June-2011) . Australia-based property developer, Asset1 (Developments) Pty Ltd, through its associate company Asset 1 Aus (Ulu Klang) Sdn Bhd is making its first foray in Malaysia with the development of a 21-acre bungalow project at Kemensah Heights, Kuala Lumpur. . The project which is called The Reserve @ Puncak Kayangan Kemensah is being developed in a joint venture with Weststar Construction Sdn Bhd, a subsidiary of Weststar Group. . The Reserve is expected to be launched in early July and will consist of a high-end and low-density bungalow project. An Artist’s impression of the Kemesah . The Gross Development Value of the project is RM185 million and each Heights bungalow is priced within the range of RM5 million to RM6 million.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 6 Issues 6: 1-30 June 2011

15. Sunrise’s MK20 targets second-half year launch (The Edge Property, 17-June-2011) PROJECT NAME MK 20 Location Along Jalan Kiara, Mont’ Kiara, Kuala Lumpur Developer Sunrise Bhd. GDV RM1 billion (estimated) Development land area 6 acres (2.4 ha) Tenure Freehold Type Serviced residences, SoHos, a hotel, business suites and boutique retail outlets Level/Block Service Residence: 18-storey/ 1 block Hotel, SoHo, and business suite : 36-storey/ 1 block Built-up area Serviced residence: 850 - 2,000 sq ft SoHo: 450 - 1,000 sq ft An Artist’s impression of the MK20 Business suite: 700 - 1,550 sq ft Facilities Sky pool with views of the Kuala Lumpur skyline, tennis courts, multi-purpose hall facility cum badminton courts, games rooms and children’s playground. Features . The design is aimed at ensuring privacy for its residents while optimizing natural light, views and external spaces at the same time. . There is a central plaza with walled gardens and landscaped courtyard where retail activities will be hold fort linked to the 2 blocks. . The lower portion of the development or the lower and upper plazas will feature signature RESIDENTIAL restaurant, cafés and boutique shopping, while the SoHo, serviced apartment and business suites and hotel floors sit atop them. Launching date 2H 2011 Notes . MK20 recently won 3 awards at the Asia Pacific Property Awards 2011, in association with Bloomberg Television held in Shanghai, China on 31st May 2011. It took the top place in the categories of Best Commercial High Rise Development for Asia Pacific and Malaysia as well as Mixed Use Architecture (Highly Commended) for Malaysia.

16. Puchong’s tallest building coming up in Tiara Mutiara (The Edge Property, 12-June-2011) PROJECT NAME Tiara Mutiara / The Crown @ KL Puchong (Phase 1) Location Jalan Puchong, Kuala Lumpur Developer Mutiara Johan Project Management Sdn Bhd GDV RM170 million Development land area 3 acres Tenure Freehold Type 3 & 4-storey shop offices Partly furnished Serviced apartment Level/Block N/A 17 No. of units 21 403 Built-up area N/A 668 - 1,227 sq ft Developer selling price N/A RM235,000 - RM512,000 An Artist’s impression of the Tiara Sales Performance 90% 80% Mutiara Launching date 1Q 2011 1Q 2011 Facilities N/A . 3-tier security system, leisure pool, gymnasium, a children’s wading pool, multi-purpose room, playground and convenience shops

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 7 Issues 6: 1-30 June 2011

Notes N/A . 6 levels of parking and facilities on the 5th floor. . Some of the units are 2-in-1, which will have 2 separate entrances, doorbells, water meters and electric meters, giving the owner the flexibility to rent out the whole unit or half of the unit. . All units come with 1 car park whilst bigger units will have 2 car parks. . Targeting at young working adults and couples. PROJECT NAME Tiara Mutiara / The Crown @ KL Puchong (Phase 2) Location Jalan Puchong, Kuala Lumpur Developer Mutiara Johan Project Management Sdn Bhd GDV RM250 million Tenure Freehold Type Serviced apartments and shops Level/Block 35-storey/ 4-blocks No. of units 400 Launching date End of 4Q 2011 Notes . The development is still awaiting approval and will be Green Building Index-certified. . The developer will also put in a supermarket and a fitness club with its own pool. . Long Boulevard with alfresco dining will be provided on the ground floor. . Phase 2 will complement Phase 1. RESIDENTIAL Developer Track Records Casa Residency Casa Mutiara Location Jalan Galloway, Pudu, Kuala Lumpur Jalan Hang Isap, Pudu, Kuala Lumpur Mutiara Johan Project Management Sdn Developer Mutiara Johan Project Management Sdn Bhd Bhd GDV RM160 million N/A Tenure Freehold N/A

Type Serviced Apartment Serviced Apartment 27 (5 levels of parking, 1 level of retail, 2 Level/Block N/A levels of service apartments) No. of units 188 N/A RM442,000 - RM1.03 million (Average:RM900 RM400 per sq ft (Current asking price: Developer selling price per sq ft) RM800 per sq ft) Sales performance 80% N/A Launching date May 2010 (official launch) 2004 Completion date 4Q 2012 2007 . Casa Residency will feature better furnishing and appliances than Casa Mutiara Features and like Tiara Mutiara, its 3-bedroom units will come with two entrances. . Located within walking distance to Puduraya Bus Terminal, the government’s proposed 100-storey Warisan Merdeka Tower and . . The development is also close to the 2 Notes underground stations of the proposed MRT line as well as Plaza Rakyat LRT Station and Time Square Monorail Station. An Artist’s impression of the Casa . Targeted at foreign buyers because of the Mutiara strong response from expatriates from the previous project, Casa Mutiara.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 8 Issues 6: 1-30 June 2011

Future Developments Mutiara Opus @ Cheras Mutiara Opus will feature 5 to 6-storey shop offices to be built on the company’s final piece of land on its 10-acre Cheras Business Centre, the latest phase (Phase 3) of which was completed in September 2003. The developer is still finalizing the details of the project. Mutiara Residency @ Rawang Mutiara Johan will also launch the final phase of Mutiara Residency @Rawang.

An Artist’s impression of the Mutiara Residency@ Rawang

17. Residential land sale in Bukit Sri Putra, Rawang (Bursa Malaysia, 13-June-2011) Location Bukit Sri Putra, Mukim of Rawang, District of Gombak. Vendor Suria Murni Bahagia Sdn. Bhd. (formerly known as Tiger Energy Sdn. Bhd.) RESIDENTIAL Purchaser Timberion Sdn Bhd (subsidiary of Tiger Synergy Berhad) Title details Held under Geran Mukim 5845, Lot No. 579 Land tenure Freehold Mukim/ District Mukim of Rawang, District of Gombak, State of Selangor. Description The Vendor and Purchaser agreed to develop ongoing housing development known as Bukit Sri Putra (Sri Putra Heights). Based on the land title, the total land area is 22 acres. However, a portion of the Land Parcel measuring approximately 5.315 acres had been acquired for highway development. A land surveyor appointed had

confirmed the net land area after deducting the acquired land is

16.62 acres.

Land area 723,967 sq ft (16.62 acres)

Price RM17.50 million @ RM24 per sq ft Date of SPA 13 June 2011

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 9 Issues 6: 1-30 June 2011

18. Residential land sale in , Kuala Lumpur (Bursa Malaysia, 6-June-2011) Location Sri Petaling, Kuala Lumpur. Vendor Sim Nam Housing Development Co. Sdn. Bhd.

Purchaser Magna Tiara Development Sdn Bhd (subsidiary of UOA Development Bhd) Title details Property 1: Held under H.S.(M) 12630, P.T. No. 8716 Property 2: Held under Geran Mukim 4104, Lot No. 44519 Land tenure Freehold Mukim/ District Mukim of Petaling, District of Kuala Lumpur, State of Wilayah

Persekutuan.

Description UOA is proposing to develop the lands into high rise residential and

the development is expected to commence in the fourth quarter of

year 2011. Land area Property 1: 33,594 sq ft (3,121 sqm/0.77 acres) Property 2: 178,304 sq ft (16,565 sqm/4.09 acres) Total: 211,898 sq ft (19,686 sqm/4.86 acre) Price RM50,000,000 @ RM236 per sq ft Date of SPA 6 June 2011

19. Selangor to offer special premium for leasehold extension (The Star,04-June-2011) . Petaling Jaya Old Town residents can now extend their leasehold titles to 99 years by paying a premium of RM1,000 under the Selangor government’s Private Dweller Ownership Scheme. . PJ Old Town encompassing Section 1 to 4 comprises about 2,300 households. . Villagers without land titles and TOL holders who have lived on the TOL land for more than 10 years are also entitled to the scheme with terms and conditions. . However, Petaling Jaya Selatan MP Hee Loy Sian said, those who planned to sell the land or transfer the title would have to pay the full premium, though they would be given a 30% discount if they paid within 6 months.

RESIDENTIAL

20. SP Setia plans RM2.8bil projects (The Star, 04-June-2011) SP Setia to redevelop low cost apartments and houses in Cheras for RM2.8 billion (Bernama, 03-June-2011) . Property developer SP Setia Bhd will redevelop the Sri Johor, Sri Pulau Pinang and Sri Melaka low cost apartments and the Taman Ikan Emas low cost homes in , Cheras at a total development value of RM2.8 billion.

. According to SP Setia’s Deputy President & Chief Operating Officer Datuk Voon Tin Yow, the first phase of the project would take off next month. . The Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chick Raja Zainal Abidin said the first phase of the project will involve the development of affordable, quality homes totaling 1,255 units and will be completed in 3 years. . Nong Chick added SP Setia would also undertake an apartment housing project in the area for young executives with each unit to cost not more than RM300,000 and with a built-up area of at least 800 sq ft. . Whilst, under the second phase, the housing developer will also develop a commercial and residential centre, which will take between 14 and 15 years in the 53.4-hectare area.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 10 Issues 6: 1-30 June 2011

21. Low-density project in Cheras (The Star,03-June-2011) PROJECT NAME The Sinaran (Second Phase) at Suria Residen, Cheras Location Located near matured neighbourhoods such as , Taman Segar, Cheras Hartamas, Taman Len Seng, and Taman Tayton View. Developer Glomac Berhad Type Double-storey semi-detached homes Tenure Freehold Status of title Individual titles have been issued No. of units 16 units of double storey semi-detached homes (Second phase) 42 units of double storey semi-detached homes (First phase) Built-up area 323.3 sq m (3,480 sq ft) Sales performance 5 units of RM1.3 million homes have been booked Incentive Early bird bookings will receive free legal fees on the sales and purchase agreement and waived maintenance charges for 12 months. Units Feature . The first floor will have timber flooring while the porch will be able to fit 3 cars. . Each unit will also have an auto gate and alarm system with a panic button in every room. . On the ground floor, there is a bedroom and a utility room that can be converted into a maid’s room while the first floor will have 3 bedrooms. . The bedrooms come with en-suite bathrooms. . The master bathroom is equipped with a hot water tank and a laminated skylight above the

bathtub. RESIDENTIAL Facilities Clubhouse, gym, swimming pool and a children’s playground.

22. Camellia suites target young professionals, expats (The Edge Property, 3-June-2011) PROJECT NAME Camellia, South Location , Kuala Lumpur

Developer UOA Development Sdn Bhd. GDV RM354.27 million Type Serviced suites Level/Block 34-storey / 1 block

No. of units 720

Built-up area 638, 861 and 1,419 sq ft Selling price From RM568,800 Completion date 2013 Notes . Camellia has separate common facilities. The facilities for the serviced apartments on the top floors are located at the rooftop, while a facilities floor will be allocated for the apartments owned by individual owners. . According to David Khor, development division chief operating officer of UOA Development Sdn Bhd, the development is targeted towards young professionals with a taste of modern comfort through its accessibility and a

An Artist’s impression of the Camellia multitude of recreational and health facilities for residents in an exclusive and safe environment. . 6% of rental yield is estimated for Camellia, according to David Khor.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 11 Issues 6: 1-30 June 2011

23. Sera sees 70% take-up rate (The Edge Property,02-June-2011) PROJECT NAME Sera Location Precinct 8, Putrajaya Developer Putrajaya Holdings Sdn Bhd Type Luxury waterfront twin villa / semi-detached development Tenure Freehold No. of unit 40 units of 3-storey twin villas Built-up area 4,026 sq ft to 5,035 sq ft Land area 3,414 sq ft to 8,562 sq ft Developer selling price RM2.2 million to RM3 million An Artist’s impression of the Sera Completed date April 2013 Sales performance 70% take-up rate and another 20% of the development booked According to Putrajaya Holdings property services division head Syed Farouk Azlan Syed Abdul Aziz, only 10% of the 40 units of twin villas are left on the market. Notes . Syed Farouk said the RM86.66 million development is located on 5.6 acres of freehold land and is a crescent-shaped development that sits on gently sloping terrain at the lakefront, offering seamless vistas of the Putrajaya Lake. . He added the development offers some green and sustainable features such as solar water heater, rainwater harvesting system for gardening and water efficient fittings for all sanitary wares. . The homes also come with a private swimming pool for every unit and alarm system. RESIDENTIAL

RESIDENTIAL PROPERTY IN NORTHERN /EASTERN PENINSULAR

24. New township geared for middle and high income group (The Star, 16-June-2011) PROJECT NAME Pearl City, Penang

Location Simpang Ampat, Penang Developer Tambun Indah Land Sdn Bhd Type Pearl Garden : Double-storey terrace & semi- detached houses Pearl Villas : Bungalows No. of units Double-storey terrace : 152 Double-storey semi-detached : 164 Bungalows :19 Completion date 2013 Facilities 24-hour security, CCTV surveillance system, exclusive clubhouse and swimming pool. Notes . The Pearl City is a new township project boasting of a mixed development that would cater to the future needs of the population in mainland Penang. . There is a growing demand for the project, which is located in south Seberang Perai, as the second Penang Bridge linking Batu Kawan on the mainland and Batu Maung on the island would also be completed around the same time. Other projects . Besides Pearl City, Tambun Indah also have 2 other projects known as Tanjung Heights, a 12- storey condominium in Jalan Raja Uda and the Capri Park 15-storey luxury condominium project located in Jalan Heng Choon Tian in the heart of Butterworth town. . The 142 units would be built with a semi-detach concept of 4-bedrooms with a built-up areas of 444.6 sq m and 513 sq m.

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RESIDENTIAL PROPERTY IN SOUTHERN PENINSULAR

25. Living the Green Beverly Hills life (The Edge Property, 10-June-2011) PROJECT NAME Green Beverly Hills, Putra Nilai Location Putra Nilai, Negeri Sembilan Developer GD Development Sdn Bhd Total GDV 3.5 billion Total Development 350 acres land area Tenure Freehold Type Semi-detached, bungalow, town villa, condominium, hotel and a shopping mall. Phase 1: Condominium Phase 2 : Garden Villa and Water Villa Level/Block Condominium (sky bungalows): 25-storey/ 2 blocks An Artist’s impression of the Green Beverly Hills No. of units a) Condominium (sky bungalows): 334 b) Water villas: 17 c) Garden villas: 44

Built-up area a) Condominium (sky bungalows): 930 - 1,816 sq ft RESIDENTIAL b) Water villas: from 4,769 sq ft (6+1 bedrooms & 7 bathrooms) c) Garden villas: 3,858 sq ft Selling price a) Condominium (sky bungalows): From RM487,000 b) Water villas: From RM3.2 million c) Garden villas: From RM2.0 million Launching date January 2011 (Phase 1) Selling performance 70% for Phase 1

Notes . The development is accessible from Seremban and only minutes away from Putrajaya and KLIA and 40 minutes from Kuala Lumpur. . The project will be developed over 8 phases. . The earthworks for Phase 1 had been completed and construction had commenced with piling work. Earthwork for the villas will commence in July 2011. . The developer recently won 2 awards at the Asia Pacific Property Awards 2011, in association with Bloomberg TV in Shanghai, for Green Beverly Hills in the categories of Residential High-Rise Development and Property Development.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 13 Issues 6: 1-30 June 2011

COMMERCIAL PROPERTY IN KLANG VALLEY

26. Equine’s RM1b da:mén development (The Edge Property, 24-June-2011) Equine Capital unveils “da:Men” project in USJ (Bernama, 25-June-2011) PROJECT NAME da:mén, USJ, Subang Jaya Location Intersection fronting Jalan Kewajipan and Jalan Subang Permai, Subang Jaya. Developer Joint venture development between Revenue Concept Sdn Bhd (land owner) and Equine Park Country Resort Sdn Bhd (a subsidiary of Equine Capital Bhd) (Developer) GDV RM1 billion Total Development 8.98 hectares land area Tenure Freehold Type Serviced apartments, shop offices and a retail mall Level / Block Serviced apartments: 23-storey/2 blocks Shop offices: 2, 5 & 6-storey Mall: 7 levels No. of units Serviced apartments: 480 Shop offices: 68

Built-up area Serviced apartments: 723 - 1,100 (vary in 5 layout choices) COMMERCIAL Mall: 400,000 sq ft An Artist’s impression of the Developer selling price Serviced apartments: From RM350,000 da:men USJ, Subang Jaya Completion date End of 2014 Sales performance Shop offices: 80% Notes . Known as da:mén which also resembles “the gateway” in Mandarin. . The first phase will be the commercial development made up of the retail mall and shop offices while the second phase will be the serviced apartments.

. The mall will sport a different theme for each level: Beauty Kingdom; Health & Fitness; Beauty & Wellness; Fashion Add Ons; Technology; Travel; Toys & Track; and Entertainment & Leisure. . F&B component of da:mén with feature an open-air boulevard for alfresco dining, bistros, cafes and delis. . The serviced apartment and shop offices will be connected to the rest of the development. . The project is with a ready catchment of 1.2 million middle to upper-middle class residents within 20 minutes drive from the entire Subang Jaya – USJ community. . It is also close to a proposed station of the Light Rail Transit (LRT) extension line into Subang Jaya.

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27. Boulevard Business Park launched (The Edge Property, 22-June-2011) Magna targets to sell 94 shop offices by Q3 (Bernama, 22-June-2011) PROJECT NAME Boulevard Business Park @ Jalan Kuching Location Jalan Kuching, Kuala Lumpur Developer Magna Prima Sdn Bhd Type 4-storey shop offices equipped with lifts GDV RM572 million No. of units 94 Development land area 10.23 acres Built-up area 5,540 - 10,246 sq ft An Artist’s impression of the boulevard Business Developer selling price From RM550,000 Park @ Jalan Kuching Launching date June 2011 Completion date 2014 Sales performance 43% Notes . Boulevard Business Park’s shop offices are the first component of 3-in-1 integrated project. . Next phases will be the retail podium with 2,000 parking bays and a block of serviced apartments, which are expected to be launched by 3Q 2011. . The development fuses traditional shop offices with a shopping precinct and adjacent serviced apartments. Incentives . Buyers will be entitled to 2 years interest free loans via OCBC bank through a Developer Interest

COMMERCIAL Bearing Scheme (DIBS). . Legal fees waiver.

28. Riverwalk Mall eyes 80% occupancy by year-end (The Edge Property, 17-June-2011) . Low Yat Group’s Riverwalk Mall along Jalan Ipoh, Kuala Lumpur, is targeting an 80% take-up of its 220,000 sq ft

leasing space by year end. . The mall is currently 65% tenanted after welcoming Carrefour Market, positioned as a mid to high-end supermarket. . According to the Low Su-Ming managing director of Sem Siong Industries and executive director of the Low Yat Group, the new supermarket along with the mall is expected to open for business in the 1Q of 2012. An Artist’s impression of the Riverwalk Mall . Riverwalk Mall is part of the Riverwalk Village, a sprawling 8-block retail development fashioned from the current old warehouses and Art Deco-style buildings on the site that go back to the 1940s. The mall entails the refurbishment of a warehouse at cost RM40 million. . Riverwalk Village in turn is part of the freehold 9 acres Rivercity project, a mixed development which includes three 28-storey condominium blocks (already completed), office suites, a service apartment block and a hotel.

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29. Own a business address in the heart of KL (The Star, 17-June-2011) PROJECT NAME Hampshire Place Office Location Kuala Lumpur’s central business district Developer Tan & Tan Development Berhad in partnership with J.A. Russell & Co Sdn Bhd. Type Office tower Development land area 0.6 hectare Level/Block 28-storey / 1 block Built-up area 2,793 - 8,848 sq ft per floor Total lettable area 240,000 sq ft Completion 1Q 2011 Features . Plenty of room for people to mingle in the lobby will be provided. Plus, the ambience is reminiscent of a gallery and furnishing items and decorative lighting were largely custom- designed in relation. . Designed with a L-shaped layout, it can be subdivided into 3 different offices, each with their own entrances and private emergency exits. . Clear, ceiling-height windows provide views of the city, overlooking the Golden Triangle and central business district. . Served with 6 high-speed passenger lifts with Braille buttons and voice synthesizers were designed to effectively direct

An Artist’s impression of the COMMERCIAL visitors and office users. Hampshire Place office . Building automation system for control of key building functions while simplifying building maintenance. Security features . Equipped with round-the-clock security guards and CCTV monitoring system. Notes . The building was developed to cater to corporations, professionals, and entrepreneurs who are looking to set up office with convenience of city-centre living. . Access is available from Jalan Ampang, Jalan Tun Razak via Smart Tunnel (SMART), Ampang Elevated Highway and the Duke Highway. . It is also located within walking distance to the Ampang Park and KLCC LRT station as well as the

future MRT line which will be completed in 2016.

30. New RM1.5bil project to give trendy look to Puchong (The Star, 16-June-2011) . Millennium Land Sdn Bhd will embark on a RM1.5 billion mixed-development project, M Square, which it is optimistic will become the new commercial centre for Puchong and turn it into a trendy township. . Located on 10.12 hectares, M Square comprises a 380,000 sq ft shopping mall located in the podium block below the 18-storey 255-room Hilton Garden Inn and a 2.1 million sq ft street mall comprising 13 six-storey blocks of retail and office units. . The development will start by the 3Q of 2011 and targeted for completion by 2014. . The company also planned to build residential units targeted at the higher income group. . The primary catchment in Puchong reaches an estimated 420,000 people while its secondary catchment area, some 10 minutes away, reaches some 1.2 million people. . International hotel chain Hilton Worldwide will be managing the 255-room Hilton Garden Inn Hotel which is set for opening in 2014. It is targeted at business and leisure travellers. . The design allows for flexibility as it does not have lift shaft in the centre like other conventional shop lots. Instead it is served by glass lifts on the exterior of the building. . For the convenience of shoppers, every block was planned to cater to specific target market, such as a Kids’ Corner, Japanese Street and Digital Centre that can take up an entire block or large portion of it, and by itself serves as an anchor tenant.

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31. Office space sale in Amcorp, Petaling Jaya (Bursa Malaysia, 17-June-2011) Location Amcorp Trade Centre, 18, Jalan Persiaran barat, Petaling Jaya, 46050 Selangor. Vendor Melawangi Sdn. Bhd. Purchaser Living Development Sdn. Bhd. (subsidiary of AMCORP Properties Berhad) Title details Held under Master Title PN 21919. Land tenure The parent lot is of leasehold 99 years (expiring on 11 September 2088) Mukim/ District Mukim of Petaling, District of Petaling, State of Selangor Description The property consists of 30 retail lots of Amcorp Mall, 10 office lots located within Amcorp Mall, PJ Tower and Amcorp Tower as well as 7 business suites of Menara Melawangi and 1,454 car park bays with estimated age of building being approximately 14 years old. The occupancy rates based on strata floor areas as of May 2011 are:

Retail lots (100%), Office lots (92%) and Business suites (83%).

Built-up area Retail Lots: 88,743 sq ft

Office Lots: 55,831 sq ft

Business Suites: 13,876 sq ft

Car Park: 1,454 bays COMMERCIAL Price RM75,000,000 Date of SPA 17 June 2011

32. Office space sale in Kelana Square, Petaling Jaya (Bursa Malaysia, 16-June-2011) Location 1010 and 1011, 10th Floor, Block D, Kelana Square, 17 Jalan SS7/26, 47301 Petaling Jaya, Selangor.

Vendor Multimedia Research Lab Sdn. Bhd. (subsidiary of Mlabs System Berhad) Purchaser Spade Advertising Sdn. Bhd. Title details Held under Master Title PN 9936, Lot 24545 Land tenure The parent lot is of leasehold (expiring on 13 April 2089) Mukim/ District Section 40, Town of Petaling Jaya, District of Petaling, State of Selangor. Description The property is an office building built in year 1999. The age of buildings is approximately 12 years old. Built-up area Property 1: 1,991 sq ft

Property 2: 972 sq ft

Total: 2,963 sq ft

Price Property 1: RM483,800 @ 243 per sq ft

Property 2: RM236,200 @ 243 per sq ft Total: RM720,000 @ 243 per sq ft Date of SPA 16 June 2011

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 17 Issues 6: 1-30 June 2011

33. Commercial land sale in Shah Alam, Selangor (Bursa Malaysia, 14-June-2011) Location City of Shah Alam, Selangor. Vendor N/A

Purchaser Prop. Park Sdn. Bhd. (subsidiary of Hua Yang Berhad) Title details Held under Title No. PN 12319, Lot No. 1068 Land tenure Leasehold 99 years (expiring on 30 December 2101) Mukim/ District Seksyen 13, Town of Shah Alam, District of Petaling, State of Selangor. Description The Purchaser intends to develop the Land into a mixed commercial and residential development of 470 units with an estimated Gross Development Value (GDV) of RM175 million. The acquisition of land is through public auction in the High Court of Malaya at Shah Alam. Land area 162,815 sq ft (15,126 sqm) Price RM13,000,000 @ RM79.85 per sq ft Date of SPA 14 June 2011

34. Office building sale in Bangsar South, Kuala Lumpur (Bursa Malaysia, 13-June-2011) Location Tower 2, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200

COMMERCIAL Kuala Lumpur. Vendor Bangga Istimewa Sdn. Bhd. Purchaser OSK Investment Bank Berhad (on behalf of N2N Connect Berhad). Title details Held under part of master title Pajakan Negeri 46338, Lot No. 58190, Land tenure Leasehold 99 years (expiring on 16 August 2106) Mukim/ District Mukim and District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

Description The property is an 11-storey office building known as Block 6 (Type G), The Horizon (Phase 1), Bangsar South, with an approximate age of building of 3 years. Land area 1,199,099.57 sq ft (111,400 sqm) Net Lettable area 46,100 sq ft (4,190 sq ft per floor):

Gross floor area 54,059 sq ft Price RM36,000,000 @ RM781

Date of SPA 13 June 2011

35. Competition for office tenants set to intensify (Business Times, 13-June-2011) . Competition among lessors of office space in Kuala Lumpur is expected to intensify this year, with the annual average rentals of office space in the business district projected at US$25.19 (RM76) per sq ft. . According to Global real estate firm, Colliers International: o With a total of over 3.0 million sq ft new office space coming on line by the end of 2011, competition for tenants is anticipated to intensify. o Prime office rental and capital values in Kuala Lumpur central area have improved slightly in the 1Q of 2011. o The real estate firm anticipated that the new supply of office space in Kuala Lumpur business district to reach 3.2 million sq ft by year-end bringing the total stock area in the area to 31.1 million sq ft.

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o The take-up rate is expected to be 1.2 million sq ft while the average vacancy for the year is estimated at 13.6%. o Colliers predicts the overall market to remain stable over the near term, on the back of economic growth of between 5 and 6% in 2011. o For 2012, Colliers expects the average rentals to stay at US$ 25.19 per sq ft, while the new supply of office supply in Kuala Lumpur to halve to 1.4 million sq ft, with the take-up rate drop by the third to 800,000 sq ft. o Total stock is expected to increase slightly to 32.6 million sq ft, while average vacancy is also expected to trend upwards to 15%.

36. Making a grand entrance in Damansara (The Star, 10-June-2011) . Capitaland’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott) has strengthened its leadership position in Malaysia with a new management contract in Petaling Jaya which is awarded by See Hoy Chan Sdn Bhd. . The said project is known as Somerset Damansara Uptown Petaling Jaya, located in Damansara’s main commercial

district. It is also close to and Bandar An Artist’s impression of the Somerset COMMERCIAL Utama which are hosts to many Fortune 500 firms. Damansara Uptown . The development will include a 400,000 sq ft retail mall and 5 commercial towers housing multinational corporations such as Deloitte, FedEx, L’Oreal, Lenovo, Symantec and Unisys. . The 200-units Somerset Damansara Uptown Petaling Jaya is slated to opened in 2016. . The property will offer a range of furnished studios as well as 1 and 2-bedrooms apartments with fully- equipped kitchens. . Guests will also be able to enjoy facilities such as a gymnasium, swimming pool, restaurant and sky lounge.

. Business travellers will be able to make use of the business centre and a conference hall which can accommodate up to 900 people.

37. Office building sale in Cyberjaya (Bursa Malaysia, 10-June-2011) Location 1) Block 3547 (Prima 9), Jalan Persiaran Apec, 63000 Cyberjaya, Selangor Darul Ehsan. 2) Block 3544 (Prima 10), Jalan Persiaran Apec, 63000 Cyberjaya, Selangor Darul Ehsan. Vendor Complete Event Sdn. Bhd. Purchaser AmFirst REIT Title details Property 1 : Held under Geran 207783, Lot 23582 Property 2 : Held under Geran 207774, Lot 23589 Land tenure Freehold Mukim/ District Mukim of Dengkil, District of Sepang, State of Selangor. Description Prima 9 is a 7-storey purpose-built office building with 2 levels of basement car park (comprising 374 bays). Prima 10 is a 7-storey office building with 2 levels of basement car park (comprising 307 bays). These two properties are substantially tenanted by multi- nationals secured against long leases and are AmFIRST REIT's 1st maiden investment outside Klang Valley.

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Land area Property 1: 67,996 sq ft (6,317 sqm) Property 2: 58, 416 sq ft (5,427 sqm)

Total: 126,412 sq ft (11,744 sqm)

Net Lettable Area Property 1: 111, 224 sq ft (10,333.06 sqm) Property 2: 100,272 sq ft (9,315.58 sqm) Total: 211,496 sq ft (19,648.64 sqm) Price Property 1: RM72,000,000 @RM647 per sq ft (on NLA) Property 2: RM61,000,000 @RM608 per sq ft (on NLA) Total: 133,000,000 @ RM629 per sq ft (on NLA) Date of SPA 10 June 2011

38. CapSquare Centre to be aspires World-Class ICT mall (Business Times, 9-June-2011) . Property developer Bandar Raya Development Bhd is positioning its retail complex, CapSquare Centre, as the information, communication and technology (ICT) mall following its partnership with PIKOM, the Association of the Computer and Multimedia Industry. . The mall, located in the heart of town in Jalan Ampang, which has been in operation over the last 3 years, enjoys some 70% occupancy rate and attract mostly weekday crowds from surrounding office areas. . 50 tenants including Apple, Acer, Garmin, HP, Celcom and Digi have confirmed to come on board at the 4- storey mall which is scheduled to open on 15th September 2011. COMMERCIAL . There will be 80,219 sq ft of retail area and 4,080 sq ft of kiosk area dedicated to PIKOM ICT mall. . PIKOM president, Shaifubahrim Saleh hopes to sign-up about 300 tenants over the next 2 months. Rental offered for PIKOM retailers is between RM2.50 and RM7.70 per sq ft, depending on the floor. Potential retailers can also take advantage of the growing catchment area within the integrated development with both commercial buildings like Menara Multi-Purpose, the upcoming CapSquare office tower and CapSquare residences coming into place.

39. KL Trillion spells success for Sim Lian Group (The Edge Property, 5-June-2011) PROJECT NAME KL Trillion Location Jalan Tun Razak, Kuala Lumpur Developer Perumahan SLG Central Sdn Bhd Type Grade A Office block, signature office units and serviced apartments GDV RM1.0 billion (RM250 million for the office block) Development land area 4.5 acres Tenure Freehold Level/Block Office suites: 33-storey Signatures Office suites: 5-storey podium serviced apartments: 40-storey /2 blocks No. of units Office suites: 216 An Artist’s impression of the KL Trillion Signatures Office suites: 40 Built-up area Office suites: 1,076 - 2,583 sq ft Signatures Office suites: 1,135 - 2,250 sq ft serviced apartments: 2,000 - 3,000 sq ft Net saleable area 304,587 sq ft (office block) Developer selling price Office suites: Average RM898 per sq ft Completion date 2015

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Sales performance 38% (50% of the buyers are foreigners) Features Serviced apartments: may build the units with move-in condition, equipped with kitchen cabinets, wardrobes, air conditioners, floor furnishes and furniture . Facilities 300m jogging track, tennis court, squash courts, clubhouse, gym, children’s pool, childcare centre, swimming pool and Jacuzzi on the environmental deck of the 6th floor. Notes . KL Trillion is ideally located fronting Jalan Tun Razak and offers cityscapes and views of Genting Highlands. . More than 1,300 parking will be provided. . As for signature office suites, the developer has not decided whether to sell or keep the offices in the podium yet as it is still awaiting approval from relevant authorities. It is expected to be launched in the next 3 to 4 months. . 9% yield is expected based on current market rents for Grade A offices in KL CBD.

40. Danau Lumayan focusing on commercial phases (The Edge Property, 05-June-2011) PROJECT NAME Danau Lumayan Location Bandar Tun Razak, Cheras, Kuala Lumpur Developer Danau Lumayan Sdn Bhd Type Township / Mixed development (64% residential and 36% commercial) GDV RM900 million

Completion date 2015 COMMERCIAL Residential phases 1) Astana Lumayan: . Launched at the end of 2010. . Astana Lumayan consists of 250 apartments with a built-up area of 1,208 sq ft and priced from RM245,990. . All units were sold within two hours of launch. 2) Casa Lumayan:

. This is the final residential phase of Danau Lumayan. . The launching date will be in July 2011. . Casa Lumayan offers 900 units of apartments with built-up areas of 1,142 sq ft to 1,364 sq ft and priced between RM245,000 and RM249,000. . The GDV of this phase is RM205 million. Commercial phases 1) Danau Lumayan Avenue (First Phase): . Danau Lumayan Avenue which was launched in 2005 offered 56 shoplots with sizes ranging from 4,990 to 6,704 sq ft and was fully sold. . The completed shoplots now have a market value of RM1.5 million compared to the developer’s price of RM930,000. 2) Lake Park Avenue . This phase comprises 105 units of 2, 3 and 5-storey shoplots, priced from RM210 per sq ft. . 50% of the total units have already been booked. Favorable factors . The 102-acre Danau Lumayan is located 10 minutes away from KLCC and is relatively affordable. . Accessibility: 3 LRT stations, i.e. Bandar Tun Razak LRT station, Salak Selatan LRT station and Cheras Star-LRT station, which are all located within 2 kilometres radius of the development. . Facilities: jogging track, playground and a pedestrian path will be built to connect Danau Lumayan’s residential and commercial components. . Greenery: as much greenery as possible will be maintained in Danau Lumayan and 2 natural

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lakes within the development will be beautified. . A 24-month defect and liability period coupled with post customer care service to entertain complaints are provided by the developer to the Danau Lumayan residents.

41. Setia City Mall 75% taken up a year before opening (The Edge Property, 3-June-2011) PROJECT NAME Setia City Mall , Setia Alam Location Bandar Setia Alam Developer Joint venture between S P Setia and Asian Retail Investment Fund (Arif). Together with property management Land Lease Investment Fund, they formed Greenhill Resources. Gross Development Cost RM450 million (GDC) Development land area 18 acres Type Retail Mall Level / Block 4 levels No. of units 250 Net lettable area (NLA) >740,000 sq ft Monthly rental rates RM5 - RM30 per sq ft (depending on the location, lot size and type of tenancy) An Artist’s impression of the Setia City Mall Official open date 2012

Anchor tenants Parkson (120,000 sq ft), Fitness First (17,000 sq ft), Padini Concept Store (15,000 sq ft), Brands COMMERCIAL Outlets (7,000 sq ft), Golden Screen Cinema, Urbanfresh supermarket, Harvey Norman, Courts, Wangsa Bowl. Notes . The mall will provide diverse shopping options, an entertainment precinct, alfresco dining and outdoor facilities such as a park, lake and a children playground. . To date Setia City Mall has signed on tenants for over 75% of its net lettable area. . The forecast sales growth for the new mall is 6% to 7% annually which is the average rate for the region according to Robert Spinks, Setia City Mall’s development director.

. A RM60 million convention centre will also be built in Setia Alam to hold exhibitions and seminars and will complement the mall’s business. It is scheduled to be completed about the same time as Setia City Mall.

42. Commercial land sale in Serendah, Ulu Selangor (Bursa Malaysia, 2-June-2011) Location Section 20, Town of Serendah, District of Ulu Selangor. Vendor Europlus Corporation Sdn. Bhd. (subsidiary of Talam Corporation Berhad.) Purchaser TA First Credit Sdn. Bhd. (subsidiary of TA Global Berhad) Title details Held under Geran 56577, Lot 16532, Section 20 Land tenure Freehold Mukim/ District Town of Serendah, District of Ulu Selangor, State of Selangor. Description N/A Land area 5,276,878 sq ft (490,238 sqm/121.14 acres) Price RM73,876,219.30 @ RM14.00 per sq ft Date of SPA 2 June 2011

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43. M City Jalan Ampang’s first phase achieves 98% sales (The Edge Property, 01-June-2011) PROJECT NAME First Phase of M City Location Jalan Ampang, Kuala Lumpur Developer Mah Sing Group Bhd Type Single-storey and duplex units Total GDV of whole RM1.4 billion development No. of units 180 semi-furnished units of designer SoHo suites Total Development 4.7 acres of freehold land land area Built-up area Single-storey: 781 sq ft – 1,066 sq ft Duplex units: 910 sq ft – 1,330 sq ft Developer selling price Average RM800 per sq ft Launching date 27th May 2011 Sales performance 176 units / 98% sales rate Notes . M City is located within close proximity to Ampang Point, Kuala Lumpur Convention Centre, Great Eastern Mall, Gleneagles Intan Medical Centre and the upcoming M Suites Jalan Ampang residences, the latter also developed by Mah Sing. . Following the good response to the first phase, Mah Sing will be opening the next phase of M

City, comprising 221 units of designer SoHo suites for sale. COMMERCIAL . The second phase of M City will also comprise residential suites, sky villas and retail outlets. Designed to be Green Building Index (GBI) compliant, it will feature a garden city concept where over four acres of greenery partly in the form of thematic hanging gardens will come up at levels 7,11, 17, 23, 29 and 35 of the development high rise homes.

COMMERCIAL PROPERTY IN NORTHERN /EASTERN PENINSULAR

44. CMMT to buy East Coast mall for RM310m (The Edge Property, 15-June-2011) CMMT buys East Coast Mall for RM310m (The Star, 15-June-2011) . CapitaMalls Malaysia Trust (CMMT) has entered into a conditional sale and purchase agreement to acquire East Coast mall in Kuantan, Pahang, priced at RM310 million. . With East Coast mall strategically located in the heart of Kuantan city centre and part of the Putra Square development, this proposed acquisition provides CMMT the opportunity to penetrate into the retail sector in the East Coast of Peninsular Malaysia. . The acquisition will enhance CMMT’s income and geographical diversification, and further strengthen CMMT’s position as the largest ‘pure-play’ shopping mall REIT in Malaysia according to Kee Teck Koon, Chairman of CapitaMalls Malaysia REIT Management Sdn Bhd (CMRM). Project Name East Coast mall Level 4 levels with 1 level of basement car park Nett lettable area 440,000 sq ft Occupancy rate 97% Anchor tenants Parkson, Carrefour and Golden Screen Cinemas Forecast property yield 7.1% for 2011 Parking lot 1,170 car parking bays at the basement level, surface car park on the ground floor, third floor and on the roof top.

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45. High-end complex coming to town (The Star, 11-June-2011) . AZEA Property Investment (API), a Singapore-based company, and its local partner Dot Greenland Sdn Bhd, are investing RM43 million to build a commercial complex known as Anson Cube, which is targeting high-end tenants. . API chief executive officer, Tan Yang Po said the 28,000 sq ft complex would be located on Anson Road in Penang. . Anson Cube will be a stand-alone 5-storey building with the ground floor designed for food and beverage shops and the first floor reserved for alfresco dining. An Artist’s impression of the Anson Cube . The second floor has a unique feature as it will be bridal- themed and there will be shops offering wedding-related items and services, while the higher floors in the building will house corporate offices. . The developer is targeting high end tenants for Anson Cube and is now working on getting branded retailers to take up the retail space and as anchor tenant. . Construction work is scheduled to begin in August 2011 and the building is due to be completed in early 2014.

46. Development land sale in Sungai Petani, Kedah (Bursa Malaysia, 3-June-2011) Location Bandar Sungai Petani COMMERCIAL Vendor Asia Plywood Company Sdn Bhd

Purchaser AEON Co. (M) Bhd Title details Held under Geran 181086, Lot No. 2834, Seksyen 47. Mukim/ District Town of Sungai Petani, District of Kuala Muda, State of Kedah Land tenure Freehold Description The “agriculture” land will be converted into “Building-commercial Shopping Centre” to be developed as AEON shopping centre.

Land area 878,518.08 sq ft (20.168 acres) Price RM36,019,241.28 @ RM41 per sq ft Date of SPA 3 June 2011

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COMMERCIAL PROPERTY IN SOUTHERN PENINSULAR

47. Commercial lands sale in Port Dickson (Bursa Malaysia, 17-June-2011) Location Port Dickson, Negeri Sembilan Vendor Best Reap Sdn Bhd

Purchaser TSR Ocean Park Sdn Bhd (subsidiary of TSR Capital Berhad) Title details Held under: Property 1: H.S (D) 35270, PT 734 and H.S(D) 35271,PT 735, Property 2: H.S (D) 8376, PT 74 Property 3: A commercial land located beside PT 74. Mukim/ District All within the Town and District of Port Dickson, Negeri Sembilan Land tenure Property 1: Leasehold (expiring on 8 May 2085) Property 2: Leasehold (expiring on 7 October 2085) Property 3: Leasehold (yet to issued by State Authority) Description The lands are located in the city centre of Port Dickson with a seaside fronting suitable for commercial mix development. Land area Property 1: 1,102,939.2 sq ft (25.32 acres) Property 2: 767,527.2 sq ft (17.62 acres)

Property 3: 172,062 sq ft (3.95 acres) COMMERCIAL Total: 2,042,528.40 sq ft (46.89 acres) Price Property 1: 19,888,973.28 @ RM18 per sq ft Property 2: 13,815,487.62 @ RM18 per sq ft Property 3: 3,098,970.00 @ RM18 per sq ft RM36,803,430.90 @ RM18 per sq ft Date of SPA 28 June 2011

48. UEM, Iskandar in RM850mil Nusajaya development project (The Star, 10-June-2011) . UEM Land Holdings Bhd, the real estate investment and development company of UEM Group, is collaborating with Iskandar Investment Bhd, the main property developer for Iskandar Malaysia, to develop retail and residential units in Nusajaya, Johor, with a gross development value of RM850 million. . According to UEM Land Holdings managing director/chief executive officer, Datuk Wan Abdullah Wan Ibrahim, the project known as Lifestyle Retail Mall and Residences @ Medini North, is located in Medini North, Nusajaya on 35 acres land, which Nusajaya Lifestyle had bought earlier at a cost of RM100 million. . The entire development will have a total gross floor area (GFA) of 2 million sq ft combining colonnade-style retail outlets, entertainment facilities, shopping mall and serviced apartments. . He added, phase 1A of the project, which comprised colonnade-style retail outlet and alfresco dining with GFA of 200,000 sq ft would be completed in September 2012. . The overall development of the project is expected to be completed in 8 years and the project is part of the group’s plan to build up its recurring income portfolio to weather the downside of the market.

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HOTEL

49. Hyatt unveils plans for Grand Hyatt Kuala Lumpur (The Edge Property, 16-June-2011) . Hyatt Hotels Corporation announced on 16 June 2011 that a Hyatt affiliate has entered into an agreement with Bahagia Investment Corporation (Malaysia) Sdn Bhd to manage Grand Hyatt Kuala Lumpur. . The hotel is under construction and expected to open in 2012. . A mixed use complex, the Grand Hyatt Kuala Lumpur hotel will occupy floors 17 through 39 of the property and feature 412 guest rooms including 42 suites. . With over 33,000 sq ft of meeting and event space, the hotel also offers a 228-seat café, a 298-seat specialty restaurant with multiple cuisines, a 74-seat Sky Lobby Lounge, a 102-seat poolside restaurant and bar, a spa with 11 treatment rooms and a swimming pool. . There are currently 51 Hyatt-branded hotels in Asia Pacific and Grand Hyatt Kuala Lumpur will join the two existing Hyatt-branded hotels in Malaysia: Hyatt Regency Kinabalu and Hyatt Regency An Artist’s impression of the Kuantan Resort. Grand Hyatt Kuala Lumpur . Grand Hyatt Kuala Lumpur will be located in the Golden Triangle HOTEL area of Kuala Lumpur, in a prime location on Jalan Pinang close to the Kuala Lumpur City Centre and iconic Petronas Twin Towers.

50. Fresh new look for hotel (The Star, 8-June-2011) . Holiday Inn Resort’s Penang’s RM11 million ongoing renovation is aimed at re-positioning the hotel to increase its occupancy rates from next year. . According to its general manager, Stella Jacobs, the renovation works on the 161 rooms at the beach wing had been completed and the full completion is expected in December 2011. . The renovation works will start with the coffee house, the lobby lounge and soon lobby area. . In addition, the renovation for the 189-room Ferringhi Tower wing is also currently ongoing. . The hotel is expected to maintain an average of around 60% occupancy rate, more or less the same as 2010 due to a softer market as a result of lower tourist arrivals resulting from political turmoil in Middle East, challenging economic climate in UK and the rest of Europe as well as the fasting month in August. . On the renovation exercise, each room will sport a new contemporary design and a soothing fresh colour. LCD (Liquid Crytal Display) televisions, iPod docks and broadband facilities will be installed. . The renovation will also enhance our 16 children’s suites which are equipped with Playstation 3 (PS3) equipment. Holiday Inn Resort is the only hotel in Batu Ferringhi with suites for kids. . The renovation exercise is part of the Holiday Inn in-house refresh programme, a global multibillion dollar campaign that started in 2007, aimed at re-launching the world’s most recognized hotel brand.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 26 Issues 6: 1-30 June 2011

INDUSTRIAL

51. Factory sale in Shah Alam (Bursa Malaysia, 27-June-2011) Location Hicom Industrial Area, Selangor Vendor Polymatech (Malaysia) Sdn. Bhd.

Purchaser Sunchirin Industries (Malaysia) Berhad. Title details N/A

Land tenure Freehold Mukim/ District N/A Description The property is a freehold land with a single-storey detached factory and a double-storey office annex, aged approximately 19 years. The property is currently used for manufacturing. Land area 87,120 sq ft Built-up area 70,652.90 sq ft Price RM14,340,000 Date of SPA 27 June 2011

52. Industrial land sale in Pulau Indah Industrial Park, Klang (Bursa Malaysia, 20-June-2011) Location Pulau Indah Industrial Park

INDUSTRIAL Vendor Central Spectrum (M) Sdn Bhd

Purchaser Scientex Packaging Film Sdn Bhd (SPFSB) (subsidiary of Scientex Berhad

Title details Held under H.S (D) 135841, P.T 129324 Mukim/ District Mukim and District of Klang, State of Selangor Land tenure Leasehold 99 years (expiring on 24 February 2097)

Description The vacant land is situated opposite the existing stretch film manufacturing facilities of SPFSB. The land will be used by SPFSB for its new manufacturing facilities. Land area 546,242.40 sq ft (12.54 acres) Price RM12,017,332.80 @RM22 per sq ft Date of SPA 20 June 2011

53. Industrial land sale Klang (Bursa Malaysia, 14-June-2011) Location Klang Vendor Minho Kilning (Klang) Sdn. Bhd. (Related party). Purchaser My Squares Development Sdn Bhd (subsidiary of Minho (M) Berhad) Title details Held under Geran 20667, Lot No. 6536 Land tenure Freehold Mukim/ District Mukim of Kapar, District of Klang, State of Selangor. Description The vendor is currently collecting rental income from his Property which consists of office building and storage shed. The Purchaser is planning to develop the land into a 3 storey semi- detached factory ("Project"). Land area 445,946 sq ft (10.2375 acres) Price RM13,377,711.6 @ RM30 per sq ft Date of SPA 14 June 2011

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 27 Issues 6: 1-30 June 2011

54. Factory sale in Shah Alam (Bursa Malaysia, 8-June-2011) Location Lot 1, Subang Hi-Tech Industrial Park, Batu Tiga, 40000 Shah Alam, Selangor Darul Ehsan. Vendor Chuanghwa Picture Tubes (Malaysia) Sdn. Bhd. Purchaser Tropicana Subang Development Sdn. Bhd. (Formerly known as

Tropicana Mall Management Sdn. Bhd.) (subsidiary of Dijaya

Corporation Berhad)

Title details Held under Geran 84178 to 84181, Lot Nos. 38513 to 38516.

Land tenure Freehold Mukim/ District All within Pekan Country Heights, District of Petaling, State of Selangor Description The property consists of 4 parcels of freehold land with a buildings (manufacturing plant) and facilities erected thereon. The proposed development is mixed residential and commercial development. Land area 3,854,707 sq ft (358,114 sqm) Price RM385,460,600 Date of SPA 8 June 2011

55. Factory sale in Batu Pahat, Johor (Bursa Malaysia, 8-June-2011) Location No. 1A, Jalan Kapal, Kawasan Perindustrian Tongkang Pecah,

INDUSTRIAL 83010 Batu Pahat. Johor. Vendor Tiong Bee Industries Sdn Bhd Purchaser Hup Seng Perusahaan Makanan (M) Sdn Bhd (subsidiary of Hup Seng

Industries Berhad) Title details N/A Land tenure Leasehold 60 years (expiring on 26 September 2040)

Mukim/ District N/A Description The property is currently rented by the purchaser as production area for jam processing and creaming and part of the area for packing materials. It also houses an administration office for store personnel and serves as an unloading area for packing materials. Land area Approximately 1 acre

Price RM1,000,000 Date of SPA 8 June 2011

56. Factory sale in Shah Alam (Bursa Malaysia, 1-June-2011) Location Lot Nos. 4&6, Jalan Pahat, Section 16, 40200 Shah Alam, Selangor. Vendor Analabs Resources Berhad.

Purchaser Lighting Editions Sdn. Bhd. Title details Held under Pajakan Negeri 5337 for Lot No. 606, Section 16

Land tenure Leasehold (expiring on 20th August 2066) Mukim/ District Town and Mukim of Shah Alam, District of Petaling, State of Selangor Description The property consists of 1⅟2 storey factory and used as a warehouse. Land area 136,788 sq ft (12,708 sqm) Price RM7,500,000 Date of SPA 1 June 2011

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 28 Issues 6: 1-30 June 2011

INFRASTRUCTURE & AMENITIES

57. Hospital land sale in Kuala Kuantan, Pahang (Bursa Malaysia, 22-Apr-2011) Location Kuala Kuantan, Pahang Vendor Pasdec Corporation Sdn Bhd

Purchaser Pahang Specialist Hospital Sdn Bhd (formerly known as Evolusi Spektra (M) Sdn Bhd) (subsidiary of KPJ Healthcare Berhad)

Title details Held under H.S (M) 65652 Lot No. PT 83065 Mukim/ District Mukim of Kuala Kuantan, District of Kuala Kuantan, State of Pahang Land tenure Leasehold 99 years (expiring on 17 April 2106) Description The category of land use of the Master Title is “Building”. The land is currently vacant and proposed to be acquired as part of the future expansion plan of KPJ. The land will be developed for use as a private specialist hospital. The development of the Land is expected to commence in the 1Q of 2012 and be completed by end of 2013.

INFRASTRUCTUREAMENITIES & Land area 135,907.20 sq ft (3.12 acres) Price RM3,756,750 @ RM28 per sq ft Date of SPA 22 June 2011

58. KPJ to build specialist centre in Iskandar (Business Times, 17-June-2011) . A new specialist hospital on a 500,000 sq ft land will be built in Bandar Dato’ Onn in the Iskandar Malaysia development region in Johor Bahru. . Specialist hospital operator KPJ Healthcare Bhd will collaborate with Johor Land Bhd to build the modern hospital in two phases. . The hospital will have the capacity of 400 beds, encompassing 280,000 sq ft. The first phase of the construction with 150 beds, is expected to start by the end of 2012. . It will serve as a one-stop centre for all medical services of the highest standards to cater to both local and foreign patients to promote health tourism. . Currently, the group is developing new specialist hospitals in Bandar Baru Klang, Muar, Pasir Gudang and Kuantan. . Recently, KPJ completed a deal to buy Sibu Specialist Medical Centre and Sibu Geriatric Health and Nursing

Centre in Sarawak at RM28 million on 6th April 2011.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 29 Issues 6: 1-30 June 2011

59. Sime unit to invest RM280m in two new hospitals (The Star, 14-June-2011) . Sime Darby Bhd’s healthcare unit will invest RM280 million in 2 new hospitals in the Klang Valley under the government’s Economic Transformation Programme (ETP). Hospital Descriptions . According to the Sime Darby Healthcare managing director, Raja Azlan Shah Sime Darby Raja Azwa, the hospital will have 220 beds costing RM240 million. It will Medical Centre have a soft launch in August and will be fully operational in November 2011. Ara Damansara . The company will also focus on attracting medical tourists. . The hospital will focus on treating cancer patients and men’s health. . It is owned by developer Desa Parkcity and will be leased by Sime Darby for Sime Darby 20 years. Medical Centre . The hospital is already 28% completed and would be up and running by the ParkCity 3Q of 2012. . The hospital will concentrate more on treating women, children, diabetes patients and chronic diseases.

INFRASTRUCTUREAMENITIES &

60. UCSI to develop health education cluster (The Star, 14-June-2011) . The UCSI Group is developing a 160-acre integrated health education cluster in Bandar Springhill, Port Dickson, which will feature Malaysia’s first private teaching hospital and only anti-aging, aesthetics and regenerative medicine facility. . UCSI’s group chairman Datuk Peter Ng expressed that the group was excited to provide excellent healthcare and educational opportunities for all as well as promote the country as an international tourism destination. . The health education township will include the 1,000-bed UCSI University Hospital, a new university campus, an international school for those aged 3 to 19 and a hotel which provides patients and visitors with accommodation facilities. . The group is expected to invest RM850 million by 2012, which will generate RM1.3 billion in gross national income and 2,000 jobs by 2020. . According to the UCSI designate chief executive officer Dan Snyder, the group had begun construction on the township, adding that the university hospital is expected to be completed by end of 2012. . The project is one of the 15 Entry Point Projects under the Economic Transformation Programme

announced by Prime Minister Datuk Seri Najib Tun Razak.

61. Plus to upgrade North South Highway (The Star,02-June-2011) . PLUS Expressways Bhd is spending RM41 million to upgrade facilities along the North South Highway. . The ongoing upgrading exercise is part of RM100 million allocated for upgrading work in year 2011. . According to PLUS Expressways chief operating officer Tajul Azwa Bani Hashim, the upgrading work was aimed at easing congestion at various points of the highway. And works will include the highway proper as well as covered toll plazas, rest and recreation (R&R) areas and lay-bys. . 16 areas from Gurun to Senai would be upgraded. . Maintenance work is also being carried out before and after a tunnel along the Ipoh-Kuala Kangsar stretch. . Tajul also mentioned that the upgrading work will include the two-lane bridge at Sungai Perak to 3 lanes. . The number of toilets at the R&Rs would be increased while at other areas more parking bays would be created. . Tajul further commented that the lanes at several toll plazas would also be increased to reduce congestion, especially during peak hours and festive periods.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 30 Issues 6: 1-30 June 2011

OVERSEAS

62. EPF in S$3.2b Singapore project (The Star,18-June-2011) . The Employees' Provident Fund (EPF) has entered into a joint-venture agreement with Singapore's GuocoLand group to develop a piece of land for mixed-used development above Singapore's Tanjong Pagar MRT station. . The EPF purchase and 20% joint-venture involvement in the upcoming S$3.2 billion mixed-use development marks another milestone for the pension fund which has been on an acquisition trail since unveiling its interest in acquiring property assets since August 2010. . The objective of this joint-venture is to actively drive an investment in property development. Whilst, the aim is to diversify EPF’s income, not just from investment, but also to be an active partner in the business. . As for this Singapore joint venture, it would have a commercial component, a hotel and a residential development. . 3 EPF subsidiaries have been set up for the purpose. There are Kwasa Singapore Trio Pte Ltd, which will undertake the commercial component with Belmeth, Kwasa Singapore Duo Pte Ltd with Guston for the hotel project and Kwasa Singapore Solo Pte Ltd with Perfect Eagle to build the residential component. . GuocoLand is required to allocate at least 60% of the maximum 1.7 million sq ft gross floor area to offices and another 10% for hotel use. . In line with this, the development will potentially feature over a million sq ft of grade A office space, a 5- star hotel and retail space, as well as Singapore's tallest ever residences, which will reach a height of 280 OVERSEAS metres. . The entire development would be completed in 2015 or 2016 but the residential units could be launched as early as 2012, GuocoLand said in February 2011.

63. China property outlook negative (The Star,16-June-2011)

. Standard & Poor's (S&P) ratings agency lowered yesterday its outlook on China's red-hot property market to “negative” from “stable” on increasingly challenging credit conditions due to regulatory tightening. . China's property sector was expected to see a price correction of 10% in the next 12 months, with a much lower likelihood of a 20%-30% fall under a stress scenario, S&P said. . Hong Kong, another market in Asia that faces overheating risks, might see a sharp correction in prices if interest rates go up sharply and sap liquidity, and if China encountered a hard landing, S&P analysts said. . According to Bei Fu, S&P's credit analyst, for the next 6-12 months, there is heightened risks because the leverage has really gone up substantially in China market. . China, like many Asian countries, is facing the threat of a property bubble, with S&P analysts saying the implementation of government measures was key to stemming sharp price rises.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 31 Issues 6: 1-30 June 2011

64. SP Setia’s venture down under takes off (The Edge Property, 14-June-2011) SP Setia forays into Australian property market (Bernama, 13-June-2011) PROJECT NAME Fulton Lane (Fulton LN) Location Melbourne Central Business District (CBD), Australia Developer Setia (Melbourne) Development Co Pty Ltd (a subsidiary of SP Setia Sdn Bhd). GDV A$470 million (RM1.5 billion) Phase 1: A$200 million Development land area 1.07 acres @ 4,340 sq m Type Apartments and retail units Level/Block 28-storey / 2 blocks No. of units Phase 1: 300 Phase 2: 430 Total : 730 Selling price From A$370,000 (1 bedroom) From A$515,000 (2 bedrooms) From A$1.05 million (3 bedrooms) Launching date Phase 1: End of June 2011 (preview) September 2011 (official launch) Completion Middle of 2014 An Artist’s impression of the Fulton Lane

Notes . Work on the project is expected to begin next year. OVERSEAS . Located within a short walking distance to Melbourne Central Shopping Centre, railway station and close to the Royal Melbourne Institute of Technology, La Trobe University and Queen Victoria Market.

65. No property bubble in China but hotels at risks (The Star, 8-June-2011)

. China’s exuberant property market will not collapse as prices are supported by brisk economic growth although there could be a bubble in the hotel sector, said by a United States property developer. . According to Ambrish Baisiwala, chief executive of Portman Holdings, he was bullish on China’s commercial and residential project even though some investors believe there was a real estate bubble in the world’s second largest economy. . The company is looking at china’s top cities such as Beijing and Shanghai as well as secondary cities including Xi’an, Wuhan and Nanjing. . Many were confident China can sustain its solid economic growth pace of about 9% over the next 5 years.

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