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A PULLOUT EVERY FRIDAY WITH = FRIDAY, NOVEMBER 16, 2018 . ISSUE 2774/2018 . PP19055/06/2016(034530) PRINT + DIGITAL Public Forum on EP EP EP 03 03 04 NEWS NEWS NEWS By Datuk Tong Kooi Ong Chairman, EdgeProp Sdn Bhd Paramount to Sunday, launch Atwater’s Changing the Tong: FundMyHome November 18, 2018 RM350mil GDV development is an option for 2.00pm – 3.30pm commercial landscape homebuyers, not VENUE: Sheraton PJ Hotel phase with robots a solution for all FREE ENTRY! SELANGOR’S AVAILABLE HOUSING ONLINE + OFFLINE Missed our past issues? Scan this code DILEMMA to visit our digital archive! www.EdgeProp.my When land is too expensive for aff ordable housing developments, what solutions can the state government come up with? See Pages 6 and 7. FOR SALE $$$$$$ EP 2 FRIDAY NOVEMBER 16, 2018 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Time for BNM to reimpose ˎ nancing Petaling Street to be upgraded quota — HBA It is time for Bank Negara Malaysia (BNM) to reimpose a fi nancing quota where banks were needed to accom- plish a certain amount of quota for small-sized fi nancing, to assist fi rst- time homebuyers, said the National House Buyers Association (HBA). Strong take-up Its secretary-general, Datuk for Kita@LBS Chang Kim Loong said the quota sys- tem was implemented in the 1980s Cybersouth by BNM. More than 200 terraced homes at “In 1980s, banks must achieve a cer- LBS Bina Group Bhd’s Kita@LBS Cy- tain amount of quota of small fi nancing bersouth development in Dengkil such as for low-cost or medium-cost were taken-up at a soft launch last houses (priced) below RM100,000. The Edge Property Sdn Bhd (1091814-P) weekend. “So, we want this to be reintro- Kuala Lumpur City Hall (DBKL) will take about six months, and will start Level 3, Menara KLK, Kita@LBS Cybersouth is a Ma- duced and banks must accomplish a upgrade the infrastructure in Petaling in January. No 1 Jalan PJU 7/6, Mutiara lay Reserve land development in the certain amount of quota or percent- Street next year, focusing on repairing “We have not made any decision Damansara, 47810 Petaling Jaya, Selangor, Malaysia southern corridor of Greater Klang age for aff ordable housing (funding),” and repainting old buildings in the about the allocation, but the cost Valley between Putrajaya and Cy- he said at the Rahim & Co Seminar area. will be shared with the Kuala Lumpur EdgeProp.my berjaya. 2018 themed “The Malaysian Prop- Kuala Lumpur Mayor Datuk Nor Hawkers and Small Traders Associa- Over 300 people attended the soft erty Market: Where are We Heading Hisham Ahmad Dahlan said the roofs tion,” he said. Managing Director/Editor-in-chief Au Foong Yee launch of the fi rst phase of Kita@LBS Post-GE14?” on Tuesday. of the buildings along the street had He added that DBKL would also Cybersouth known as Kita Bayu, said not been changed for 18 years. work together with the association EDITORIAL the developer in a press release. Ministry to act “The roof repair and building re- and police to curb the sale of stolen Executive Editor Sharon Kam The launch introduced Phase 1A painting project in Petaling Street will goods at the Jalan Sultan fl ea market. Editor Lam Jian Wyn against developers Deputy Chief Copy Editor which consists of 20ft by 60ft dou- James Chong ble-storey terraced houses priced for clogging drains Copy Editor Vanessa Gnanasurian Senior Writers at RM530,000 as well as Phase 2A The Housing and Local Government Rachel Chew, Tan Ai Leng comprising 22ft by 75ft double-storey Ministry will take action against express and stage bus services, taxi Writers town houses priced at RM399,900. developers found to have closed or and ferry services. It will also fea- Natalie Khoo, Shawn Ng Art Director Sharon Khoh Some 120 units and 100 units in clogged up the drainage system in ture a centralised ticketing system, Design Team Phase 1A and 2A respectively, were their construction areas which has and an array of food and beverage, Jun Kit, Rajita Sivan taken-up within a few hours of the led to fl ash fl oods in Kuala Lumpur city. and retail outlets. For New Launches/Events/ launch. Its minister, Zuraida Kamaruddin “We are confident that this Press Releases/News Tips Kita@LBS Cybersouth is accessi- said developers who had neglected transportation hub will not only email: [email protected] ble via major highways including the the drainage system at construction contribute towards making life Tel: (03) 7721 8211 Fax: (03) 7721 8280 Putrajaya-Cyberjaya Expressway via sites can be imposed compounds of Penang Sentral easier for commuters, but will also ADVERTISING & MARKETING the Elite Highway, Maju Expressway between RM100,000 and RM500,000. provide a signifi cant boost to the Associate Account Director, (MEX), South Klang Valley Express- “We can’t allow this to happen, to open on Nov 22 state’s economy, acting as a cat- Advertising & Marketing Heidee Ahmad (019) 388 1880 way (SKVE), North-South Expressway because there are many construction Penang Sentral in Butterworth, alyst for future development within Senior Account Manager (NKVE), Damansara-Puchong High- areas around Kuala Lumpur... so we Penang will see its soft opening on its vicinity and the Northern Region,” Ian Leong (012) 359 1668 way (LDP) and Jalan Putrajaya-Dengkil. have to be strict and fi rm in enforcing Nov 22, Malaysian Resources Cor- said Mohd Imran Mohamad Salim, Account Manager Evelyn Chan (012) 383 7484 Nearby amenities include schools, the law to overcome the problem of poration Bhd (MRCB) announced MRCB group managing director. higher education institutions, malls fl ash fl oods. on Thursday. With a total GDV of RM2.9 bil- Marketing Support & Ad Trafˎ c such as the Alamanda Shopping Cen- She said the ministry would co- Penang Sentral is an integrat- lion, it is modelled after KL Sentral. Madeline Tan (03) 7721 8218 email: [email protected] tre, IOI City Mall in Putrajaya and Mit- operate with the Ministry of Federal ed transportation hub connecting Future phases include commercial, sui Outlet Park; Putrajaya Hospital, Territories to monitor construction Keretapi Tanah Melayu’s ETS and retail, offi ce and residential devel- BUSINESS DEVELOPMENT KLIA 1 and KLIA 2. sites around the federal capital. Komuter train services, intercity, opments. Manager Nimalen Parimalam Account Manager Stannly Tan PRODUCT DEVELOPMENT How do I get past issues of this weekly pullout? & CUSTOMER ADVISORY trending Senior Manager Elizabeth Lay Go to www.EdgeProp.my to download for free Associate Omar Nawawi now For enquiries and listings email: [email protected] Tel: (03) 7721 8174 / 8173 If you have any real estate-related events, email us at [email protected]. LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. EdgeProp.my pullout is published by The Edge Property Sdn Bhd. It is available with The Edge Financial Time: 10am 2, Negeri Sembilan Select Property Group and Daily every Friday. The pullout to 5pm Contact: 1-800-22-2456 Renaker will be launching their is also distributed at more than 200 ofˎ ces, shopping complexes, Venue: SkyWorld Seremban 2 is throwing a joint venture project —Elizabeth condos, medical centres and F&B Gallery@Setapak, carnival, hosted by IJM Land Tower located in Manchester, outlets in the Klang Valley. You can also download it for free at Jalan Ayer Bhd. This free family-friendly UK— in Malaysia this week. www.EdgeProp.my Jerneh, Taman event features a myriad of Besides a showcase of the Rediscover Authentic Ayer Panas, activities, such as over 10 game project, there will also be a talk Food Fiesta Kuala Lumpur booths, 50 pop-up stores, about investing in Manchester, Th e Edge Malaysia Date: Nov 17 (Sat) Contact: (03) 2727 7445 giant infl atables with obstacle on both days at 11am and 3pm. Publisher and Group CEO Time: 1pm to 6pm SkyWorld is off ering homebuyers course, a clown comedy Ho Kay Tat Venue: Serenia City Sales Gallery, their fi nal chance to own a show, a Chinese orchestra Tokyo Rendezvous Jalan Pintas Dengkil-Putrajaya, home at SkyAwani 3 Residence, performance and much more. @The ERA EDITORIAL Editor-in-chief Azam Aris Bandar Serenia, Sepang, Selangor priced from RM300,000 with Date: Nov 18 (Sun) CORPORATE Contact: (03) 8760 0505 only RM1,000 booking fee. Malaysia launch of Time: 11am to 5pm Chief Operating Ofˎ cer An array of scrumptious Purchasers will get an RM100 Elizabeth Tower, Venue: The ERA Sales Gallery, Lim Shiew Yuin Manchester, UK ADVERTISING & MARKETING Malaysian food and fun activities Aeon cash voucher for every Jalan Segambut, Kuala Lumpur Chief Commercial Ofˎ cer await you and your family this home purchased with loan Date: Nov 17 & 18 (Sat & Sun) Contact: 1-700-81-8081 Sharon Teh (012) 313 9056 weekend. Visitors will get the approved via Maybank Fast Time: 10am Join JKG Land for a live session General Manager Kingston Low (012) 278 5540 chance to visit Sime Darby Home Loan Approval. to 6pm of Hibachi cooking - the hottest Senior Sales Managers Property’s newest township Venue: One grilled food show in town. Sit Fong Lai Kuan (012) 386 2831 in Sepang – Serenia City and Seremban 2 World Hotel, back and admire a skillful chef Gregory Thu (012) 376 0614 its latest double-storey link pop-up carnival Bandar Utama, fi ring up the grill right before Creative Marketing Chris Wong (016) 687 6577 homes – Serenia Adiva. Date: Nov 17 & 18 (Sat & Sun) Petaling Jaya, your eyes, with a sizzling side Head of Marketing Time: 5pm to 10pm for Nov 17 Selangor of showmanship.