DOCSLIB.ORG

Cover Story Featured Property

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Cover Story Featured Property Editor Chief Operating Officer’s Foreword Roshan Kaur Sandhu Writer Reena Kaur Bhatt Head of Creatives Angeline Lim Senior Graphic Designers Jason Kwong Wing Wong Junior Graphic Designer Rechean Soong Ad Operations Executive Nur Alia Ahamd Tamezi Chief Operating Officer - International Arthur Charlaftis Group Finance Director Kenneth A Kent General Manager (Agent Sales) Leon Kong Chief Information Officer Changing The Way The World Experiences Harmit Singh Property! The iProperty Group was welcomed into the REA Group family Head of iProperty TV earlier this year and our growing global team have already united a Jonathan Ong common goal - to change the way the world experiences property. International Correspondents Ee Von Ng & Leslie Lin Just how are we changing the way the world experiences property? Well, with our International site, we have more than 4 million property listings from 56 countries. That’s a world of properties right at your fingertips. To help you make an informed decision about your next property move, iPropertyIQ.com offers insights and data into the property iProperty.com Malaysia Sdn Bhd (600850-K) market. The site offers the most comprehensive source of property Suite 11.01, Level 11 Menara IGB Mid Valley City, Lingkaran Syed Putra data and analytics for Malaysia, Singapore, Indonesia and Hong 59200 Kuala Lumpur, Malaysia Kong, delivering incredible value to property agents, investors and Phone: (603) 2264 6888 developers. Fax: (603) 2264 6900 Sales enquiries: [email protected] We want to continue to deliver innovative solutions that meet the Editorial matters: [email protected] General enquiries: [email protected] needs of both our customers and consumers today and well into Subscription: [email protected] the future. International Property: [email protected] iProperty.com Malaysia Sdn Bhd (Johor) The next evolution of our business will be driven by our people, our A-2-7, Pusat Komercial Bayu Tasek purpose, our passion and our innovation. Persiaran Southkey 1, Kota Southkey 80150 Johor Bahru, Johor We have a great brand foundation established by the iProperty iProperty.com Malaysia Sdn Bhd (Penang) Group; now with the capabilities of our global network, we are Bay Avenue D-25-3 excited by the possibilities for our future in Southeast Asia - the Lorong Bayan Indah 2 world’s fastest-growing property market. Bayan Lepas, 11900 Penang On pages 12-15, you will be able to know a little more about me. We promise you that we will continue to do our best to find great stories, to write from the heart, to tell you what we really think, and iProperty.com Magazine is published monthly by iProperty.com Malaysia Sdn Bhd, Suite 11.01, Level 11 Menara IGB, Mid Valley City, Lingkaran Syed to deliver the best news and insights on the property market to help Putra, 59200 Kuala Lumpur, Malaysia. you make an informed decision. Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for Enjoy the read! any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto. The views by our contributors expressed here are their personal opinions and do not necessarily reflect iProperty.com’s views. Arthur Charlaftis Unless otherwise noted, all artwork and ad designs printed in iProperty. Chief Operating Officer - International com Magazine are the sole property of iProperty.com Malaysia Sdn Bhd, and may not be reproduced or transmitted in any form, in whole or in part, without the prior written consent of the publisher. REA Group CONTENTS October 2016 2 Industry Insight Consumer COO’s Foreword 24 Awareness OPR Cut: What does it mean for consumers? 30 8 Choosing the right Editor’s Note/Happenings colour scheme for your Young Gun home 10 28 Happenings Rohit Singh: Building a rental home empire Special Focus: Penang 34 Penang’s rapidly changing landscape 36 iPropertyiQ Analysis: Penang - Property figures 12 42 iPropertyiQ Analysis: Is Penang’s housing Cover Story market overvalued? 12 Arthur Charlaftis: People are at the heart of our business Featured Property 16 Macly Equity Sdn Bhd Infinite possibilities at The Colony by Infinitum Points of Interest 18 Crowdfunding: Now everyone can be a real estate investor 48 Knight Frank real estate highlights 1H2016: Penang Event property market 22 51 Intelligent Connections @ iCities: Building CBDs of Penang, opportunities despite weak sentiments the future Henry Butcher property market report - H2 2016 CONTENTS October 2016 Points of Interest Research Data Agent’s Views 56 75 84 Remembering George Knight Frank real estate Town highlights 1H2016: Finding your dream home with Rina Properties Kuala Lumpur high-end condominium market 58 Regulars How sustainable urban 78 planning is helping Seberang Perai thrive Knight Frank real estate 86 highlights 1H2016: Kuala Dato’ Joey Yap Lumpur & beyond Kuala Lumpur (Selangor) Let your home help build your career office markets 88 81 House Buyers’ Association 58 Knight Frank real estate Don’t think that all apartments are the same - Things may not highlights 1H2016: Kota be as they seem Kinabalu property 62 market Balik Pulau - A hidden gem for property buyers 92 Agents’ Spotlight Advertorial 94 Positive Eco-Living with PecoL® 66 Consumer Awareness International Section 96 9 Ways To Transform Your Spare Room 66 International news Happenings 100 69 Agency Directory International Features - Briefs Mortgage packages that can help you earn tonnes of money in 104 your savings account Classifieds 72 112 Singapore News Happenings Subscription EDITOR’S NOTE The overall property market activity is expected In our Research Data section, Reena Bhatt studies to tone down in the second half of this year. the transaction activities and price trends of the Nevertheless, the frequently asked question by residential property market in Penang from April many is - “ Is now a good time to buy property”? 2015 to March 2016. I believe that one must equip themselves with the right knowledge before buying and avoid buying On page 18, read about how crowdfunding could crack blindly no matter what the market conditions are. the market open by giving everyone the opportunity to get into the real-estate investing game. Feng Shui This month’s Special Focus is Penang, which is one expert, Dato’ Joey Yap explains about personal BaZi of Malaysia’s most developed and economically and its association with your home. significant states. As the population increases, the infrastructure on the island is being upgraded, Last but not least, I would like to which will add to the state’s liveability. wish our Hindu and Sikh readers, Happy Deepavali. Dato’ Maimunah Mohd Sharif, President of the Municipal Council of Seberang Perai shares with us Till next month! some of her efforts in boosting urban sustainability, which includes reducing waste and boosting citizen’s engagement. More on page 58. Roshan Kaur Sandhu HAPPENINGS S P Setia’s Visca and Villosa Homes record strong take-up SP Setia’s newly launched double-storey terraces named Visca and Villosa located in its established Bukit Indah township received a remarkable 80% overall take-up during its launch last month. The launch featured 73 units of 22’ x 75’ double storey terrace, Villosa with a built-up of 2,200 sq. ft. and 110 units of 20’ x 70’ Visca with a built-up of 1,920 sq. ft. respectively. Villosa is sold at RM 770,588 nett per unit while Visca is sold at RM652,288 nett per unit. “We are pleased with the turn-out and encouraged by the response we have received. Our Bukit Indah township has flourished over the years and is now an address that is highly sought after in Johor as it provides residents with utmost conveniences. Villosa accommodates 4 bedrooms with ensuite 4 bathrooms while Visca houses 4 bedrooms with Known as a prime commercial and residential district, 3 bathrooms. Besides numerous amenities and it is easily accessible via major roads and highways conveniences, Bukit Indah is also known for its award- and surrounded with amenities such as schools, F&B winning 20-acre town park located in the heart of the outlets, hypermarkets, major banks, hotels and more township, where community activities commonly take ,” said Stanley Saw, Divisional General Manager of S P place in the evenings and over the weekends. Setia Berhad. Approximately 200 prospective buyers were seen lining up at the sales gallery for the balloting to own a unit in this established township. Both Visca and Villosa are located within a gated and guarded neighbourhood providing peace of mind and security to its residents. 8 HAPPENINGS Mah Sing Foundation donates RM200,000 to redevelop schools Mah Sing Foundation recently contributed a total of RM200,000 to Kuen Cheng High School (KCHS) and Sekolah Jenis Kebangsaan Cina (SJKC) Pin Hwa 2 respectively. The contribution aims to aid the schools’ redevelopment plans that will see the expansion of the schools’ compounds. The contribution is part of Mah Sing Group’s ongoing corporate responsibility to provide educational assistance to deserving students. Tan Sri Dato’ Sri Leong Hoy Kum, Group Managing Director of Mah Sing Group noted, “As a premier lifestyle developer, we are very happy to be able to aid schools to build a more conducive learning environment for our future leaders. We hope that the students will be able to learn better and grow The other school, SJKC Pin Hwa 2 started their up to lead our country Malaysia to the next level.” expansion project in 2009.
Load more

Recommended publications
  • NICORP-Annualreport2011
    NAIM INDAH CORPORATION BERHAD (Company No. 19727-P) ANNUAL REPORT 2011 1 NAIM INDAH CORPORATION BERHAD ANNUAL REPORT 2011 CONTENTS CORPORATE PROFILE 3 LIST OF PROPERTIES 40 CHAIRMAN’S STATEMENT 4 DIRECTORS’ REPORT 41 CHIEF EXECUTIVE OFFICER’S STATEMENT 6 STATEMENT BY DIRECTORS 46 SHARE PERFORMANCE 7 STATUTORY DECLARATION 46 CORPORATE STRUCTURE 8 INDEPENDENT AUDITORS’ REPORT 47 BOARD OF DIRECTORS 10 STATEMENTS OF FINANCIAL POSITION 49 AUDIT COMMITTEE 19 STATEMENTS OF COMPREHENSIVE INCOME 50 NOMINATION AND REMUNERATION 20 STATEMENTS OF CHANGES IN EQUITY 53 COMMITTEE STATEMENTS OF CASHFLOW 54 CORPORATE EVENTS 21 NOTES TO THE FINANCIAL STATEMENTS 56 CORPORATE GOVERNANCE STATEMENT 23 NOTICE OF ANNUAL GENERAL MEETING 127 STATEMENT OF INTERNAL CONTROL 28 PROXY FORM ENCLOSED AUDIT COMMITTEE REPORT 31 ANALYSIS OF SHAREHOLDINGS 37 Property Development Property Management 2 CORPORATE PROFILE NAIM INDAH CORPORATION BERHAD (NICORP) is predominantly engaged in the business of investment holding, theprovision of management and administrative services to its subsidiaries. It is listed on the Main Market of Bursa Malaysia Securities Berhad. Round Log Timber Extraction [email protected] 3 NAIM INDAH CORPORATION BERHAD ANNUAL REPORT 2011 CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the Board of Directors, I am pleased to present to you the 2011 Annual Report together with the Audited Financial Statements for the financial year ended 31 December 2011. Financial Review For the financial year ended 31 December 2011, we have achieved a turnover of RM14.88 million as compared to RM12.52 million in year 2010. This increment of turnover was mainly contributed by our focused efforts in the timber production segment, as well as, a marginal increment from our property investment segment.
    [Show full text]
  • Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1St Half 2008
    Research Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1st Half 2008 Contents Kuala Lumpur Hotel • Condominium Market 2 • Office Market 5 • Retail Market 8 • Hotel Market 10 Penang Property Market 12 Retail Johor Bahru Property Market 14 Residential Office Executive Summary Kuala Lumpur • The high end condominium market stabilised in the first half of 2008 in terms of take up, capital values and rentals. • Rentals and occupancies of prime offices continued to rise due to the current tight supply of good quality office buildings. • Several retail centres located at fringes of KL City are undergoing refurbishment works to remain competitive. • The performance of the hotel industry had been resilient attributed to high tourist arrivals and receipts, which led to the increase in average room rates and occupancies. Penang • Most of the high end condominium projects which are nearing completion have been sold, with prices being revised upwards. • The retail industry performed well with higher tourist arrivals in Penang. • The asking rentals of newly completed offices with better IT facilities are ranging from RM2.50 to RM3.50 per sq ft per month. Johor • The high end residential market is gaining momentum with the positive development of Iskandar Malaysia. • Prime retail centres continued to enjoy growth in rentals and occupancies. • Office sector remains healthy at an average occupancy of 70%. 2 Real Estate Highlights - Kuala Lumpur | Penang | Johor Bahru • 1st Half 2008 Knight Frank Figure 1 Projection of Cumulative Supply Kuala Lumpur High End Condominium Market for High End Condominium (2008 - 2010) Market Indications 30,000 The high end condominium market generally stabilised during the first six months of the year with one 25,000 notable new project, The Regent Residences (across Twin Towers), recording prices in excess of RM2,500 per sq ft.
    [Show full text]
  • Media Release Events & Happenings Go Shopping and Enjoy!
    MEDIA RELEASE EVENTS & HAPPENINGS GO SHOPPING AND ENJOY! 1MALAYSIA YEAR END SALE 2015 (14 NOVEMBER 2015 – 3 JANUARY 2016) It’s the year-end school holidays and festive season. A time to take a break, celebrate, chill out, dine and SHOP! Yes, shop, and now say 1MYES for 1Malaysia Year End Sale. It’s the biggest sale bonanza of the year with BIG bargains, BIG offers and BIG rewards at shopping outlets nationwide for nearly two months. That’s not all. Expect special deals and price cuts during back-to-school sales, which will bring huge relief to moms and dads. Bring the whole family and enjoy a fun day of outing. There are also special rewards for tourists, such as tourist privilege cards, tax-free shopping, gift redemptions with purchases and GST refund at exit points. A long line-up of events and activities awaits everyone. It will be a fun time for all. Contests, promotions, prize galore, songs and dances, art and crafts, Christmas shopping, meet and greet Santa, New Year’s Eve party and much more will build up the momentum before curtains call to say goodbye to 2015, and hello 2016! Don’t miss out on the fun. In fact 1MYES extends right into the New Year. Check out 1MYES special offers, events and happenings throughout the country. PENANG 1st Avenue Year End Sale Shop & Win Shopper Rewards (14 Nov 2015 to 3 Jan 2016) – Stand a chance to win exclusive holiday packages from Royal Caribbean cruise for 2 with same-day purchases of RM100 & above in a single receipt.
    [Show full text]
  • IGB CORPORATION (IGB MK, IGB.KL) 6 January 2012
    PROPERTY IGB CORPORATION (IGB MK, IGB.KL) 6 January 2012 Emerging from the value trap! Company report BUY Benny Chew, CFA/ Nik Ikhwan (Upgraded) [email protected] +603 2036 2299 Rationale for report: Company Update Price RM2.49 Investment Highlights Fair Value RM3.50 52-week High/Low RM2.66/RM1.76 • We are upgrading IGB Corporation (IGB) from HOLD to Key Changes BUY, and raised our fair value from RM2.30/share to Fair value RM3.50/share based on a 22% discount to our NAV of EPS unchanged RM4.50/share. YE to Dec FY10 FY11F FY12F FY13F • IGB is distinctively undervalued (consensus NAV: RM3.80- RM4.80) despite its portfolio of prime properties. But, the Revenue (RMmil) 719.4 723.8 790.1 823.5 lack of proactive initiatives to crystallise its deep- Core net profit (RMmil) 174.3 171.9 182.3 187.0 EPS (Sen) 11.7 11.4 12.1 12.4 embedded value has engendered a ‘value trap’ stigma. EPS growth (%) 9.7 (2.1) 5.8 2.6 This would soon change, we believe. Consensus EPS (Sen) 13.1 14.5 15.5 DPS (Sen) 2.5 2.5 2.5 2.5 • Triggered by the high implied capital values evident in the PE (x) 21.4 21.8 20.6 20.1 recent listing of Pavilion REIT and CapitaMall Trust and a EV/EBITDA (x) 11.3 12.0 11.0 10.7 flat interest rate cycle, IGB may be moving to optimise the Div yield (%) 1.0 1.0 1.0 1.0 ownership structure of its prime properties by embracing ROE (%) 5.6 5.2 5.2 5.1 Net Gearing (%) 10.0 6.3 11.7 9.2 REITs as tax-efficient vehicles to house its assets.
    [Show full text]
  • Disclosure Guide
    WEEKS® 2021 - 2022 DISCLOSURE GUIDE This publication contains information that indicates resorts participating in, and explains the terms, conditions, and the use of, the RCI Weeks Exchange Program operated by RCI, LLC. You are urged to read it carefully. 0490-2021 RCI, TRC 2021-2022 Annual Disclosure Guide Covers.indd 5 5/20/21 10:34 AM DISCLOSURE GUIDE TO THE RCI WEEKS Fiona G. Downing EXCHANGE PROGRAM Senior Vice President 14 Sylvan Way, Parsippany, NJ 07054 This Disclosure Guide to the RCI Weeks Exchange Program (“Disclosure Guide”) explains the RCI Weeks Elizabeth Dreyer Exchange Program offered to Vacation Owners by RCI, Senior Vice President, Chief Accounting Officer, and LLC (“RCI”). Vacation Owners should carefully review Manager this information to ensure full understanding of the 6277 Sea Harbor Drive, Orlando, FL 32821 terms, conditions, operation and use of the RCI Weeks Exchange Program. Note: Unless otherwise stated Julia A. Frey herein, capitalized terms in this Disclosure Guide have the Assistant Secretary same meaning as those in the Terms and Conditions of 6277 Sea Harbor Drive, Orlando, FL 32821 RCI Weeks Subscribing Membership, which are made a part of this document. Brian Gray Vice President RCI is the owner and operator of the RCI Weeks 6277 Sea Harbor Drive, Orlando, FL 32821 Exchange Program. No government agency has approved the merits of this exchange program. Gary Green Senior Vice President RCI is a Delaware limited liability company (registered as 6277 Sea Harbor Drive, Orlando, FL 32821 Resort Condominiums
    [Show full text]
  • M.V. Solita's Passage Notes
    M.V. SOLITA’S PASSAGE NOTES SABAH BORNEO, MALAYSIA Updated August 2014 1 CONTENTS General comments Visas 4 Access to overseas funds 4 Phone and Internet 4 Weather 5 Navigation 5 Geographical Observations 6 Flags 10 Town information Kota Kinabalu 11 Sandakan 22 Tawau 25 Kudat 27 Labuan 31 Sabah Rivers Kinabatangan 34 Klias 37 Tadian 39 Pura Pura 40 Maraup 41 Anchorages 42 2 Sabah is one of the 13 Malaysian states and with Sarawak, lies on the northern side of the island of Borneo, between the Sulu and South China Seas. Sabah and Sarawak cover the northern coast of the island. The lower two‐thirds of Borneo is Kalimantan, which belongs to Indonesia. The area has a fascinating history, and probably because it is on one of the main trade routes through South East Asia, Borneo has had many masters. Sabah and Sarawak were incorporated into the Federation of Malaysia in 1963 and Malaysia is now regarded a safe and orderly Islamic country. Sabah has a diverse ethnic population of just over 3 million people with 32 recognised ethnic groups. The largest of these is the Malays (these include the many different cultural groups that originally existed in their own homeland within Sabah), Chinese and “non‐official immigrants” (mainly Filipino and Indonesian). In recent centuries piracy was common here, but it is now generally considered relatively safe for cruising. However, the nearby islands of Southern Philippines have had some problems with militant fundamentalist Muslim groups – there have been riots and violence on Mindanao and the Tawi Tawi Islands and isolated episodes of kidnapping of people from Sabah in the past 10 years or so.
    [Show full text]
  • Property Market 2013
    Property Market 2013 www.wtw.com.my C H Williams Talhar and Wong 30.01, 30th Floor, Menara Multi-Purpose@CapSquare, 8 Jalan Munshi Abdullah, 51000 Kuala Lumpur Tel: 03-2616 8888 Fax: 03-2616 8899 KDN No. PP013/07/2012 (030726) Property Market 2013 www.wtw.com.my C H Williams Talhar and Wong 30.01, 30th Floor, Menara Multi-Purpose@CapSquare, 8 Jalan Munshi Abdullah, 51000 Kuala Lumpur Tel: 03-2616 8888 Fax: 03-2616 8899 KDN No. PP013/07/2012 (030726) CH Williams Talhar & Wong established in 1960, is a leading real estate services company in Malaysia & Brunei (headquartered in Kuala Lumpur) operating with 25 branches and associated offices. HISTORY Colin Harold Williams established C H Williams & Co, Chartered Surveyor, Valuer and Estate Agent in 1960 in Kuala Lumpur. In 1974, the company merged with Talhar & Co, a Johor-base Chartered Surveying and Valuation company under the sole-proprietorship of Mohd Talhar Abdul Rahman. With the inclusion of Wong Choon Kee, in a 3-way equal partnership arrangement, C H Williams Talhar and Wong was founded. PRESENT MANAGEMENT The Group is headed by Chairman, Mohd Talhar Abdul Rahman who guides the group on policy de- velopments and identifies key marketing strategies which have been instrumental in maintaining the strong competitive edge of WTW. The current Managing Directors of the WTW Group operations are: C H Williams Talhar & Wong Sdn Bhd Foo Gee Jen C H Williams Talhar & Wong (Sabah) Sdn Bhd Robin Chung York Bin C H Williams Talhar Wong & Yeo Sdn Bhd (operating in Sarawak) Robert Ting Kang Sung
    [Show full text]
  • Senarai Penerima (Fasa 2)
    Bil. Nama Syarikat No. Lesen Code Bank Negeri Fasa 1 SPRING TRAVEL SERVICES SDN BHD 2198 35-CIMB Bank Berhad JOHOR 2 2 JE TRAVEL SDN BHD 5357 33-Public Bank Berhad/ Public Finance Berhad JOHOR 2 3 CHENG YUE HOLIDAYS SDN BHD 5429 29-OCBC Bank Berhad JOHOR 2 4 SALSABILA AFLAH TOURS & TRAVEL SDN BHD 7570 27-Malayan Banking Berhad JOHOR 2 5 KW LIM TRAVEL NETWORK SDN BHD 8733 24-Hong Leong Bank Berhad/ Hong Leong Finance JOHOR 2 6 ISMA HOLIDAYS SDN BHD 8310 27-Malayan Banking Berhad JOHOR 2 7 MGM TRAVEL & TOURS SDN BHD 8996 24-Hong Leong Bank Berhad/ Hong Leong Finance JOHOR 2 8 HAPPY EXPRESS TRAVEL SDN BHD 7871 33-Public Bank Berhad/ Public Finance Berhad JOHOR 2 9 HENG TRAVEL & TOURS SDN BHD 9475 33-Public Bank Berhad/ Public Finance Berhad JOHOR 2 10 SITTY TRAVEL SDN BHD 5943 24-Hong Leong Bank Berhad/ Hong Leong Finance JOHOR 2 11 3J TRAVEL & TOURS MANAGEMENT SDN BHD 5104 18-RHB Bank Berhad JOHOR 2 12 TRANSINEX TRAVEL & TOUR (M) SDN BHD 4902 12-Alliance Bank Berhad JOHOR 2 13 HONG LI INTERNATIONAL TRAVEL SDN BHD 9780 33-Public Bank Berhad/ Public Finance Berhad JOHOR 2 14 M99 TRAVEL SDN BHD 8809 33-Public Bank Berhad/ Public Finance Berhad JOHOR 2 15 JACKSTAR HOLIDAYS SDN BHD 10061 27-Malayan Banking Berhad JOHOR 2 16 NUR FIRNAS TRAVEL & TOURS SDN BHD 9903 27-Malayan Banking Berhad JOHOR 2 17 ALWANI ZAFIRAH SERVICES & HOLIDAY 8297 24-Hong Leong Bank Berhad/ Hong Leong Finance JOHOR 2 18 MEGA TOP HOLIDAY & TRANSPORT SDN BHD 4406 27-Malayan Banking Berhad JOHOR 2 19 MEGAWORLD HOLIDAY SDN BHD 6406 35-CIMB Bank Berhad JOHOR 2 20 COLA HOLIDAYS
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET The residential market continues to remain lacklustre with lower volume and value of transactions recorded. ECONOMIC AND MARKET INDICATORS Limited project completions and new Malaysia’s economy expanded at a launches of high end condominiums / slower pace in 2015 with Gross Domestic residences during the review period. Product (GDP) growing at an annual rate of 5.0% (2014: 6.0%). For 2016, the Government has trimmed the country’s Growing pressure on rentals amid GDP growth forecast to 4 - 4.5% due to strong supply pipeline (existing and the volatility in crude oil prices and other new completions) and a challenging economic challenges. GDP continued rental market while prices in to moderate in the first quarter of 2016, the secondary market generally posting 4.2% growth, its slowest since continue to remain resilient. 3Q2009 (4Q2015: 4.5%), driven by domestic demand. Private consumption expanded by 5.3% while private Developers adopt innovative ‘push investment moderated to 2.2%. marketing’ strategies to boost Headline inflation for April 2016 registered at sales of selected projects and 2.1%. It is expected to be lower at 2% to 3% improve revenue. this year, compared to an earlier projection Aria of 2.5% to 3.5% and will continue to remain stable in 2017. (432 units) and The Residences at The Meanwhile, labour market conditions St. Regis Kuala Lumpur (160 units). continued to weaken with more retrenchment of workers, particularly in By the second half of 2016, the scheduled the manufacturing, mining and services completions of another five projects will sectors.
    [Show full text]
  • Annual Report 2017 Group Highlights 2017
    ANNUAL REPORT 2017 GROUP HIGHLIGHTS 2017 1. SALES 4. SHAREHOLDERS FUND 7. PROFIT ATTRIBUTABLE TO RM4.92 billion RM11.94 BILLION OWNERS OF THE COMPANY RM933 million 2. REVENUE 5. EARNINGS PER SHARE 8. ENLARGED LAND BANKS RM4.52 billion 26.77 Sen 9,606 acres 3. PROFIT BEFORE TAX 6. DIVIDEND PER SHARE 9. STRONG GDV IN THE PIPELINE RM1.27 billion 15.5 sen RM128.37 billion 10. ON-GOING PROJECTS 44 projects TOTAL SALES 11. UNBILLED SALES ACHIEVED RM7.72 billion FOR FY2017 IS 12. TOTAL STRONG DYNAMIC & DIVERSIFIED EMPLOYEES RM4.92 BILLION 2,300 people COVER RATIONALE At S P Setia, the sky is not the limit. In fact, we believe that the future is limitless. Opened to the possibilities of tomorrow, we embarked on a journey of strengthening growth, anchored by the dynamic and highly-talented Team Setia and our wide range of products. Guided by our ethos, we worked together, embraced change and demonstrated our resilience in the face of challenges while at the same time, boosting our capabilities today to fortify tomorrow’s opportunities. We will continue to reinforce our strong foundations, define our path forward to build a meaningful, sustainable future, for us and for our stakeholders. CONTENT OUR BUSINESS OUR LEADERSHIP AND PEOPLE Vision, Mission & Values 3 Board of Directors 36 Corporate Profile 4 Directors’ Profiles 38 Global Presence 6 Senior Management Team Profiles 48 Corporate Structure 8 Corporate Information 11 OUR ACHIEVEMENTS AND ACCOLADES Achievements 54 OUR PERFORMANCE REVIEW Accolades 60 Chairman’s Message 12 Management Discussion
    [Show full text]
  • Penang Economic Indicators an Extract from Penang Monthly January 2015 Issue 1.15 by Lim Kim-Hwa Penang Economic Outlook
    PENANG ECONOMIC INDICATORS an extract from Penang Monthly January 2015 Issue 1.15 By Lim Kim-Hwa PENANG ECONOMIC OUTLOOK Penang Economic Outlook 2015 • The external macro environment, properties within the George Town Nevertheless, as Penang’s economy in particular the crude oil price, the Unesco World Heritage Site is likely to matures, domestically driven timing on the start of the rise in US provide support to prices. economic activities will become interest rates and its ensuing impact on • Penang’s manufacturing, especially increasingly important economic financial capital flows, will introduce the electrical and electronics (E&E) drivers in the years ahead. higher volatility to Malaysia’s economy, sector, is likely to benefit from the • Employment growth is likely to including the risk of twin deficits. US recovery. With investments in the remain stable, with labour shortages Nevertheless, Penang is expected to services sector such as the Penang continuing to be an issue. continue to contribute trade surpluses International Technology Park, it will • Plans are in progress to improve in 2015 due to the weakening of mean higher degree of convergence Penang’s connectivity. The the Ringgit, and the state budget is between the manufacturing and implementation of the Penang Master expected to remain in surplus. services sectors, thus enhancing the Transport Plan through the Request • At the same time, Malaysia’s domestic cluster effect in Penang. for Proposal of the RM27bil project environment will become more • Penang’s tourism and medical tourism is underway; DHL is investing challenging given the introduction sectors are well placed to continue to additionally in Penang’s airport, and of the GST from April 1, 2015 and the benefit from the rising middle income double-tracking of the rail service sensitivity of Malaysian households to class in Asia as well as an ageing to Ipoh and KL from Butterworth is any interest rate hike due to their high population.
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 2ND HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Despite the subdued market, there were noticeably more ECONOMIC INDICATORS launches and previews in the TABLE 1 second half of 2016. Malaysia’s Gross Domestic Product Completion of High End (GDP) grew 4.3% in 3Q2016 from 4.0% Condominiums / Residences in in 2Q2016, underpinned by private 2H2016 The secondary market, however, expenditure and private consumption. continues to see lower volume Exports, however, fell 1.3% in 3Q2016 of transactions due to the weak compared to a 1.0% growth in 2Q2016. economy and stringent bank KL Trillion lending guidelines. Amid growing uncertainties in the Jalan Tun Razak external environment, a weak domestic KL City market and continued volatility in the 368 Units The rental market in locations Ringgit, the central bank has maintained with high supply pipeline and a the country’s growth forecast for 2016 at weak leasing market undergoes 4.0% - 4.5% (2015: 5.0%). correction as owners and Le Nouvel investors compete for the same Headline inflation moderated to 1.3% in Jalan Ampang 3Q2016 (2Q2016: 1.9%). pool of tenants. KL City 195 Units Unemployment rate continues to hold steady at 3.5% since July 2016 (2015: The review period continues to 3.1%) despite weak labour market see more developers introducing conditions. Setia Sky creative marketing strategies and Residences - innovative financing packages Bank Negara Malaysia (BNM) lowered the Divina Tower as they look to meet their sales Overnight Policy Rate (OPR) by 25 basis Jalan Raja Muda KL City target and clear unsold stock.
    [Show full text]