 RESIDENTIAL ISSUE 13/2010 JANUARY 2011

ALISED PLURIOS ...... 2

COMMERCIAL

ALISED PLURIOS ...... 2

 INDUSTRIAL

ALISED PLURIOS ...... 2 Property

news

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Issue 13/2011 : 1 – 31 January, 2011 1

GENERAL ECONOMIC, PROPERTY MARKET & INFRASTRUCTURE

1. Loans growth to taper off as property sales growth may slow down in 2011 (Bernama, 31-Jan-11)

. ECM Libra Investment Research expects the loans growth to taper off in anticipation that property sales growth may slow down in late 2011. . Residential and non-residential property loans which accounted for 44% of loans growth in 2010 already showing signs of growth moderation. . Residential loan approval has contracted 3.8% year-on-year in December while non-residential loan approval slowed to 30.2% from 47.3% in November. . Loans growth will also be dampened by an impending statutory reserve requirement (SSR) hike and imposition of macroprudential lending measure as guided by Bank Negara in its latest monetary policy statement. . Loan growth is expected to remain intact as lending indicators continue to be in positive territory with loans application and approvals in December 2010, increasing by 36.5 percent and 17.4 percent year- on-year change. . Loans grew by 12.8% to RM883.6 billion in 2010.

. Both household and business loans growth moderated in December at 13.4% and 12.1%, respectively. INFRASTRUCTURE &

. The loan-deposit ratio remains high at 81.4% from November 2010, at 81.3%, which close to the 7 year high of 81.7% reached in Oct 2010. . This was due to deposits growing at 7.3 percent as compared to the loans growth of 12.8%. We believe the lagging deposit growth may curb loans growth momentum going forward.

2. New terminal relocation by March 1 (The Star, 30-Jan-11) . Bus operators have been given until March 1 to relocate to the new Integrated Transportation Terminal-Bandar Tasik Selatan (ITT-BTS). . The RM570 million terminal was built to serve express bus operators plying southern routes which are currently operating from the Bukit Jalil temporary bus terminal.

3. MRT may cost over RM36.6bil (The Star, 17-Jan-11)

. The cost of building the mass rapid transit (MRT) PROPERTY MARKETPROPERTY transport system, which is scheduled to begin construction in 6 months, may swell beyond the projected RM36.6 billion as developers and residents have begun lobbying on the proposed locations and types of stations. . At the heart of the matter is the alignment of the MRT line, particularly where it should go, where it should stop, and lobbying have begun to have more than 9.5km of the first phase of the 60km Sg Buloh- line constructed underground. . The entire MRT line is estimated to run a total of 150km at a cost of RM36.6 billion.

GENERAL ECONOMIC,

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 2

4. Speed up ETP projects (The Star, 12-Jan-11) . For the economy to benefit from the investment announced by the Government under the Economic Transformation Programme (ETP), approvals must be fast-tracked. Project must be approved as soon as

possible for them to have an impact in the first-half of the year which is showing signs of slower growth compared with last 2010. . Prime Minister Datuk Seri Najib Tun Razak announced 19 projects valued at RM67 billion with impact coming from the RM36 billion generated in gross national income and 35,000 new jobs. . This was follow-through from the 18 projects announced last Oct 25 during the launch of the ETP.

INFRASTRUCTURE &

PROPERTY MARKETPROPERTY

GENERAL ECONOMIC,

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 3

RESIDENTIAL PROPERTIES IN

5. Glomac rides on niche projects (The Star, 31-Jan-11) . Glomac Bhd has a broad range of affordable to higher-end projects. Its 13 ongoing projects includes townships in and Rawang in and in Kota Tinggi, Johor as well as some niche residential projects in Greater Kuala Lumpur. . The projects earmarked for launch over the next 12 months; - Glomac Damansara Residences, a 2-tower serviced apartment project with an estimated GDV of RM240 million, is set for soft launch in the middle of February 2011. - Boutique mall in Glomac Damansara with an estimated GDV of RM145 million - Glomac Al Batha Mutiara serviced apartments (RM250 million) - Glomac Utama, a mixed development with the vicinity of (RM400 million)

. Its recent acquisition includes a 200 acre parcel in and 7-acre in .

. The Puchong land, purchased at RM 8.84 per sq ft has potential GDV of RM800 million whilst the 7- acre of commercial land in Cyberjaya was purchased at RM90 per sq ft.

6. Township to have education and industrial zone (The Star, 28-Jan-11) Project name Bandar Sri Sendayan (BSS) Background Bandar Sri Sendayan (BSS) is an integrated township spanning 2,113 ha

comprising residential, commercial, institutional, leisure and industrial. TOWNSHIP

Location About 45 mins to the city centre, 20 mins to KLIA, 40 mins to Putrajaya/ Cyberjaya and 15 mins to Port Dickson. Developer JV between Matrix Concepts Group and the Menteri Besar Negeri Sembilan Incorporation Type Miconix (double storey terrace) Amelia (one-storey terrace) TIAL & Cosmoxia (single-storey semi-D) Argenia (one-storey high ground homes) Helonix (double storey terrace) Built up 1,023 – 2,350 sq ft Price Single storey houses: from RM159,888

Double storey houses: from RM249,888 RESIDEN Luxury semi-D: From RM349,888 Special features . Once completed, residents will be able to enjoy the proposed 18- hole golf course and a 10.5ha Sendayan Green Park . Bandar Sri Sendayan was also the state’s dedicated valley hub with allocated parcels for institutions of higher like the Institute University College of Nursing and the College University of Science and Technology . The 40 ha Sendayan Tech valley, a freehold property within the township is a specially earmarked zone with infrastructure, utilities and facilities for technopreneurs.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 4

7. Development land sale in Puchong (The Edge,16-Jan-11) Location Lot 35449, Jalan Perindustrian Puchong, Bandar Metro Puchong. Vendor Score Option Sdn Bhd Purchaser Glomac Alliance Sdn Bhd (subsidiary of Glomac Berhad) Tenure Leasehold Title details Master Title H.S.(D) 112510 PT No. 2063 Mukim/ District Mukim and District of Petaling Land area 809,349 sq m (200 acres) Price RM77 million @ RM8.80 per sq ft Date of SPA 21-Jan-11

8. Green shops at KEN Rimba (The Edge,16-Jan-11) . KEN Holdings plan to build Malaysia’s first green township, incorporating all green rated components in Ken Rimba.

. Apart from the commercial centre, KEN Rimba Legian has also received a green rating from BCA. The guarded development comprising 328 2-storey terraced houses has been given the BCA Green Mark Gold (Provisional) Award. . The units, on 20x65 lots, are pegged from RM455,000. To date, 90% of them have been sold. . On its plans, KEN Holdings will embark on the second phase of its landed neighbourhood at KEN Rimba in 1Q2011. . The 168 units of 2-storey terraced house will boast enhanced designs and green features. The indicative

price for the units is about RM500,000. The developer also plans to launch the first phase of its high-rise TOWNSHIP

residential project at KEN Rimba in 2Q2011.

9. Desa ParkCity’s neighbours get a boost (The Edge, 16-Jan-11) . The suburbs of Bandar Utama, and Desa Parkcity have seen property values rise steeply over the years. The development of this conurbation in the Klang Valley probably began with Bandar Utama. . After Bandar Utama, came Mutiara Damansara developed by Mutiara Rini Sdn Bhd. Subsequently when Ikano Corp Sdn Bhd and Tesco Stores (Malaysia) Sdn Bhd set up shop in its commercial precinct in 2000

and 2001 respectively, real estate values there spiked. RESIDENTIAL & . In 2002, the launch of the award-wining Desa Parkcity, a 473-acre freehold high-end master planned township development, brought even greater prominence to the area. . So with homes in these part seeing such impressive appreciation, the surrounding areas of which comprise township such Bandar Manjalara, Taman Bukit Maluri and Kepong Baru as well as as those in Segambut, also received positive spilled over as recorded in the following table:

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 5

Launch Build-up Launched Current Increasing Project Type of property Year (sq ft) priced (RM) Price (RM) Rate (%) Prominence township: Bandar 2-storey terrace 2002 1,873 480,000 750,000 56 Utama house Desa Park 2-storey South lake 2008 N/A 640,000 1,280,000 100 City house Township which received spilled over effects: Bandar 2-storey terrace 2000 1,650 280,000 460,000 64 Manjalara house Laman 2.5-storey terrace 2004 N/A 385,000 800,000 108 Rimbunan house Sunway SPK 2.5-storey terrace 1.2 - 1.25 2004 2,477 638,000 92 Damansara house million 1.5 2.3 - 2.7

Villa Manja Semi-detached 2007 4,050 67 million million Bandar Sri Basic unit N/A N/A 350,000 550,000 57 Damansara Kepong Shop 1.5 Shop lots N/A N/A 900,000 67 lots million

. Future development plan within the Damansara locality includes:

Project Description TOWNSHIP

Laman Rimbunan . Laman Rimbunan will comprise 150 units of 3-storey shop office, 584 unit of 3- (Developed by IJM Land terrace houses, 160 units of 3-storey semi detached homes, 88 medium cost Berhad) apartment and 360 low cost apartment once fully completed . RM1.5 billion condominium project will be launched early next year which lies (Developed by Land and on 4-acre park featuring 2,800 unit and will be develop in 4 phases over 8 years. General Bhd) . Phase 1 will comprise 928 unit in four towers will be selling at RM500,000 onwards Damansara Avenue . Damansara Avenue is a RM3.8 billion mixed-use development formerly known (Developed by TA Global as Seri Suria. Will be sited on 48-acres of commercial land which was acquired in Berhad) February 2006 for RM95 psf. . First phase of the RM205 million Ativo Plaza was launched in August 2010 at RESIDENTIAL & RM460 psf onwards. To date, 90% of the project has been taken up. This phase comprises 198 office suites and 43 lifestyle retail units in an 8-storey building on a 5.73-acre site but only the office suites were for sale. The office suites range from 547 to 4,094 sq ft and were priced from RM266,000 to RM2 million. The sizes of the retail units are between 1,415 and 2,692 sq ft. . TA Global aims to launch the first residential phase, comprising 250 units of high and low-rise residences with sizes of 600 to 3,400 sq ft, next quarter through a balloting process as more than 4,500 registrants have signed up.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 6

10. Prestigious address in Cheras (The Star, 14-Jan-11)

A bird’s eye view of EastPark72

Project name EastPark72 Location

Developer The Lion Group

Type Semi detached houses Status The on-site show home is available for preview by invitation only on Saturday Special features . Each home is tastefully woven into a landscape of pedestrian walkways and well-manicured park. . Providing comprehensive security services in a 3-tiered defence throughout this single-entry precinct. . On the ground floor, as the kitchen becomes part of the living space,

aesthetics as well as functionality are the key ingredients in providing an TOWNSHIP

inviting space of elegance. . First floor of this stylish home with the creation of a double volume staircase with tempered-glass railing creating a vertical-tunneling sensation. . Comes complete with air-conditioning units, alarm and intercom system, autogate right up to plaster ceiling. . First guarded community of Bandar Mahkota Cheras and will also feature a 0.04 ha park with nature inspired playground facilities.

11. SDP targets 15 property launches by end-June (The Edge, 14-Jan-11)

Sime plans 15 property launches by June (The Star, 14-Jan-11) RESIDENTIAL & Project name Indigo Location USJ Heights, Subang Developer Bhd (SDP) Type Zero-lot bungalow No. of unit 26 Price From RM1.8 million Launching date January 2011 (expected) . SDP also plans to launch other project comprising; - township in - Link house and semi-detached homes. - Bandar township in Shah Alam - 3 phases of link houses.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 7

- The Glades in in May. The 53-acre freehold project comprises bungalows, semi- detached and condos in a gated and guarded community. - Quartza in Desa Melawati, Kuala Lumpur - comprising 480 retail and residence units. - Casa Rimba, Melawati - super linked terraces priced at RM1.5 million.

12. Mah Sing sets sales target of over RM2 billion this year (The Star, 13-Jan-11) . Mah Sing Group Bhd has set an ambitious sales target of RM2 billion to RM2.5 billion for the current financial year ending Dec 31 (FY11), which will be a 70% increase over the RM1.5 billion in FY10. . The company has 33 projects in various parts of the country now. In 2010, Mah Sing made 10 land transactions involving 295 acres at a total cost of RM756 million. . Of the projects planned for this years launch, some 35% will comprise landed residential properties, 40% will be high-rise residences and 25% industrial. . Its landed housing projects in the Klang Valley, comprising bungalows, superlink and semi-detached units, will include: - Garden Residence in Cyberjaya, - Kinrara Residence in Puchong, - One Legenda and Hijauan Residence in Cheras - Legenda@Southbay in Penang . High-rise residential projects include: - M-City@Jalan Ampang,

- Icon Residence@Mont’ Kiara, TOWNSHIP

- Icon Residence - Ferringhi Residence@Penang Island - Austin Suites@Johor Bahru . Commercial projects targeted for launch in the first half this year include : - Star Avenue@D’sara - 3-storey shop office - Icon City@ - 7 to 8-storey shop offices, retail lots and homes offices as well as residential blocks. . The third industrial project under the iParc series, iParc3@, will also be launched by mid- year.

RESIDENTIAL & 13. Guocoland to launch Damansara City 2 by Q3 (New Straits Times, 12-Jan-11) Project name Damansara City 2 Location Pusat Bandar Damansara, Kuala Lumpur Developer Guocoland (Malaysia) Bhd Type Two office blocks, a 300-room hotel, a 260-unit serviced apartment block and a retail centre Launching date 3Q 2011 Completion date 30 to 36 months

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 8

14. Eve Suite attracts positive response for residential units (The Edge, 10-Jan-11)

An artist’s impression of Eve Suite

Project name Eve Suite Location , Petaling Jaya Developer SM Land Group Type Phase 1 - SoHo and Serviced apartments Phase 2 – 2-storey strata shops GDV 350 million No of units SoHo : 570 units; Serviced apartments : 143 units; 2-storey strata shops : 30 units

Tenure Freehold TOWNSHIP Land area 5.264 acres Launching date Phase 1 : 1-Jan-2011 Phase 2 : After Chinese New Year Completion date 3 years after signing SPA Price SoHo : from RM379,100 Serviced apartments : from RM580,000 Shops : from RM2.13 million Built up area SoHo : 680 sq ft Serviced apartments : 1,065 sq ft Shops : 4,121 sq ft Additional notes . Amenities include a 50m lap pool, multi-purpose hall, games room, outdoor patio

and gym RESIDENTIAL & . The building comes with 2,000 parking bays . The development is located next to proposed LRT station under the LRT expansion plan

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 9

15. Bungalow project to launch this month with only 21 units left (The Star, 7-Jan-11)

An artist’s impression of Type A (above) and Type B

Project name Ukay Seraya Location Ukay Heights Developer Long Island Properties Sdn Bhd (a member of the Long Island Group) Tenure Freehold Type 2-storey bungalow No of units 30 units (Type A: 18 units; Type B: 6 units; Type C: 3 units; Type D: 3 units) Land area Average 9,200 sq ft Built up area 5,813 - 7,336 sq ft Take up rate 30% Price RM3,601,000 - RM4,798,000 (pre-launch sale prices) * The Price will be increased by about 8% after launching.

Launching date January 2011 TOWNSHIP

Additional notes . Concealed piping and wiring for all essential items including air-cond ducting, phone, TV cables to all rooms, security alarm cabling to all windows and external doors and CCTV cabling. . External sensor detector lights and solar heater delivering hot and cold water to all baths and the kitchen . The pre-approved swimming pool for Type A and Type B – this meant that the purchaser has the option to build a private swimming pool immediately without having seek the authorities approval Type A . Biggest built up area of 7,336 sq ft. It has a covered car porch that can accommodate 5

to 7 cars. RESIDENTIAL & . The master bedroom suite is 1,056 sq ft in size and demarcated into a sitting area, bed area, walk-in-wardrobe and a bathroom . 8 rooms, 7 baths and a powder room, two living area, dry and wet kitchens, 3 store rooms and an external garden toilet. Type B . Has bigger land area ranging from 9,300 sq ft to 12,215 sq ft per lot. . 7 rooms, 7 baths, a powder room, 3 store rooms and a garden toilet.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 10

16. Bukit Kiara Properties to venture outside of its traditional market (The Star,8-Jan-11) . Bukit Kiara Properties Sdn Bhd is looking to expand its brand of niche residential projects out of its traditional market of Mont’ Kiara to other parts of Klang Valley.

An artist’s impression of the Persiaran Madge residential

Location Persiaran Madge Jalan Tun Razak

Developer Bukit Kiara Properties Bukit Kiara Properties Type 5-storey block 20-storey fully furnished service suites No of units 19 units 160 units Built up area 3,500 - 6,500 sq ft 750 - 3,000 sq ft SHIP Price RM3.8 million or about RM3,500 per sq RM1.2 million or about RM1,500 per sq ft ft Launching date 3Q 2011 or 2012 3Q 2011 or 2012

TOWN 17. Development lands sale in Sungai Buloh (Bursa Malaysia, 3-Jan-11) Location Mukim Sungai Buloh Vendor Saujana Triangle Sdn Bhd (subsidiary of M K Land Holdings Bhd) Purchaser Foster Estate Sdn Bhd Tenure Leasehold Mukim/ District Mukim Sungai Buloh, District of Petaling Title details Held under H.S.(D) 216331 PT Held under H.S.(D) 190972 PT 45310 44594 Land area 807,602.4 sq ft @ 18.54 acres 362,419.2 sq ft @ 8.32 acres Price RM100,788,780 @ RM125 per sq RM29,211,220 @ RM81 per sq ft ft Date of SPA 30-12-2010 RESIDENTIAL &

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 11

RESIDENTIAL PROPERTIES IN PENANG/ NORTHERN PENINSULAR

18. UDA to spend RM80m to redevelop Kampung Tanjung Tokong (Bernama, 17-Jan-11) . UDA Holdings Bhd will spend about RM80 million to relocate and redevelop the Kampung Tanjung Tokong squatter settlement in Penang by the end of the year. . The redevelopment model was the first of its kind among developers where each squatter household would get a house without having to pay for it and the transfer cost. . They will build two types of quality houses with a market value of between RM150,000 and RM200,000 for them to replace their squatter dwellings and they will be equipped with amenities. . The first type of houses would be a 3-bedroom 850 sq ft 6-storey apartment units, equipped with elevators for TOL holders and their next-of-kin. . A 3-bedroom 800 sq ft will be built for squatters who are not TOL holders and have been occupying unnumbered houses.

. Pending the completion of the houses, the squatters would be relocated to transit houses costing

RM24,000 each, hardly 2 km away.

19. Developer unveils luxury condo and villa projects (The Star, 17-Jan-11) Ivory to offer seaview villas in Batu Ferringhi (New Straits Times, 11-Jan-11) Project name The Latitude Island Resort Location Mount Erskine, Batu Ferringhi, Penang

Developer Ivory Properties Group Berhad TOWNSHIP

Type 2 blocks of 45-storey condominium 4-storey semi detached villa No of units 220 units 11 units Built up area 1,500 - 5,300 sq ft 3,820 - 6,450 sq ft Land area 0.82 ha 2,050 - 3,800 sq ft GDV RM134 million RM27 million Price RM583,800 - RM2 million RM2,332,800 - RM3,988,800 Launching date Middle of 2011 Middle of 2011 Completion date 2014 2014 Additional notes . Only 3 units per floor with two lifts . Has its own private lift for easy accessibility serving each block. between floors. . Comprise ‘3+1’ bedrooms, 4 bathrooms . All bedrooms are located at the upper floors

and 2 covered car park lots per unit. facing the sea. RESIDENTIAL & . Facilities of the project include an . A private lounge pool is provided while residents infinity lap pool, a gymnasium, a could enjoy gardening as well as keeping pets Jacuzzi, a sauna, a multi-purpose hall, a . There will also be a club house with facilities like games room, a children’s playground an infinity lap pool, a sauna, a gymnasium, a and a barbeque area. games room, a children’s playground, a spice garden, a barbeque area and a multi-purpose hall.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 12

20. Elegant and fashionable (The Edge, 4-Jan-11)

An artist’s impression of NineTen

Project name NineTen Location Tanjung Bungah, Penang Developer Boon Siew Group Property Type Semi-detached No of units 40 units Completion date July 2011 Price RM2.4 million – RM5.8 million Take up rate 60% Additional notes . The project, which is part of the upcoming 48.5ha Permai Village

township, will have the Tunku Abdul Rahman College (TARC) and Tenby International School (scheduled for completion in August) as “neighbours”

21. Sunway Merica Phase 3 units extremely popular (The Edge, 4-Jan-11)

COMMERCIAL

An artist’s impression of Sunway Merica Project name Sunway Merica, Third Phase Location Penang Developer Sunway City Bhd Tenure Freehold Type 3-storey semi-detached No of units 12 units Built up 3,972 sq ft Price From RM1.5 million Status . Opened for registration in mid-December 2010 and received over 500 over interested buyers Special features . Designed with a modern minimalist approach while maintaining the

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 13

functional and conventional practicalities of a home. . There is a private balcony and adjoining pavilion to the main master bedroom with an en-suite bathroom and a walk-in wardrobe as well as family area on the first floor. . Wide window for natural ventilation. Notes . Sunway Merica sits on a 7.84-acre tract to be developed in 3 phases. . 1st Phase: Comprising 49 units of 3-storey terrace houses was launched in 4Q2009 from RM860,000 and 60% was sold. . 2nd Phase: Offering 37 units of 3-storey terraced houses and 30% unit have been sold since its recent launch in the last 4Q2010. There are tagged from RM877,500.

COMMERCIAL

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

Issue 13/2011 : 1 – 31 January, 2011 14

COMMERCIAL PROPERTIES IN KLANG VALLEY

22. TNB to buy 33-storey corporate office for RM232 billion (Bursa Malaysia, 31-Jan-11) Location Dua Sentral, Petaling Jaya Vendor Magic Coast Sdn Bhd Purchaser Tenaga Nasional Bhd Title details Title Geran 43683. Lot No 582 Mukim/ District Town and District of Kuala Lumpur Net lettable area 430,000 sq ft Building description 33-storey Corporate Tower together with the common facilities and 460 car parking bays. The building is currently 91% completed and expected to be fully completed within 6 month from the date of SPA. Price RM232.2 million @ RM 540 per sq ft Date of SPA 31/01/2011 Notes The rational of acquisition is for TNB to house and consolidate most TNB’s Departments/Divisions that are currently renting office spaces within the area of Petaling Jaya and Bangsar into one office building in order to improve and optimize operatioinal efficiency.

23. Sunhor Property breaking new ground (The Edge, 31-Jan-11)

COMMERCIAL

An artist’s impression of Tigaman Park

Project name Tigaman Square Tigaman Park Location , Bukit Kemuning, Shah Alam Impian, Bukit Kemuning, Shah Alam Alam Developer Lokasi Canggih Sdn Bhd Lokasi Canggih Sdn Bhd Tenure Freehold Freehold GDV 203 million 850 million Type/ Four 6-storey commercial blocks (Block 388 retail units, 218 SoHo units, 288 component A, B, C and D) offering 513 retail and apartments, 118 hotel suites, 218 residences SoHo units (in the hotel cum-residential block) and 140,000 sq ft of hypermarket space Land area 7.69 acres 10.3 acres Built up 517 – 5,995 sq ft N/A

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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Price RM93,740 – RM3.16 million N/A Status Only block B, C and D available for sale Will be launched in October 2011 in 3 phases Take up rate 71.71% have been booked since N/A October 2010 (Block B is fully booked by the developer’s director and associated companies for the purpose of control over right tenant mix) Features . All blocks will be linked by bridges in . As for the third parcel, part of the 1.65- the first and second floors. acre plot will house the developer’s 3½- . Gross lettable floor area of 565,360 sq storey sales gallery. The construction of ft for the retail. the sales gallery, which will occupy 14,773 sq ft, is scheduled to start after Chinese New Year and will be operational by October. . On the remaining land, plans are for Tigaman Plaza, comprising two 6-storey buildings connected by a sky bridge. This phase will only be built two to three years later and the unit will be kept by the developer.

. Nett lettable area will be 2.1 million sq ft.

24. Melati unit, PKNS in RM1.6b project (The Star, 29-Jan-11) . Melati Ehsan Holdings Bhd’s wholly-owned subsidiary, Bayu Melati Sdn Bhd, has entered into a joint venture agreement with PKNS Holdings Sdn Bhd to undertake a mixed commercial development with gross sales value of RM1.62 billion. . The projected gross costs value of the development is about RM1.07 billion but Bayu Melati may propose improvements to the building and layout plans, design and building works on the 75,473 sq m

freehold commercial land in , currently with a sport complex known as “Kompleks Sukan COMMERCIAL PKNS”. . The proposed project will boost two blocks of service apartments, one block of Soho offices, one sports complex, two blocks of office tower, one shopping mall, one hotel, one performing arts centre and car park lots.

25. Equine-JPSB project agreement (The Star, 28-Jan-11) . Equine Capital Bhd’s wholly subsidiary, Taman Equine (M) Sdn Bhd (TEM), has entered into a joint- development agreement with Jelang Puncak Sdn Bhd (JPSB) for a proposed project in Selangor worth RM198.1 million. . The proposed development is expected to comprise of 177 units of properties comprising 138 units of two, three- and five-storey shop offices and 39 units of low-cost shops within a multi-storey car park. . The project is expected to commence in early 2011 and completed in 2013.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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26. Commercial land sale (Bursa Malaysia, 28-Jan-11) Location Located with dual frontage onto Jalan Located frontage onto Jalan Pahang, next to Cemur and Jalan Taiping, off to the east of the high-rise four-star Grand Seasons Hotel Jalan Ipoh and to the west of Jalan Pahang at the eastern fringe of Kompleks Damai, off to the east of Jalan Ipoh Vendor Inter Consortium (Malaysia) Sdn Bhd Medan Muda Sdn Bhd Purchaser Masahmura Sdn Bhd (subsidiary of SBC Masahmura Sdn Bhd (subsidiary of SBC Corporation Berhad) Corporation Berhad) Tenure Freehold Title details Held under Geran Nos. 37628, 37629, 37631 Held under Geran 24742, Lot 26 and 37632, Lot Nos. 414 - 417, Grant Nos. 5484 - 5486, Lot Nos 543 - 545, Grant No 43804, Lot 677 and Grant No 65305, Lot 624 Mukim/ District Town and District of Kuala Lumpur Town and District of Kuala Lumpur Land area 24,691 sq ft 17,995 sq ft Price RM8.62 million @ RM349 per sq ft RM6.74 million @ RM375 per sq ft Date of SPA 28/01/2011 28/01/2011 Additional notes . Nine plots of contigous vacant . The land is currently utilized as car commercial development land, which parking yard. is currently tarred up and utilised as . It will be developed into a 19-storey

car-parking yard and is intended to be office building with an estimated GDV

developed into a 15-storey office of approximately RM42.540 million. building with an estimated gross development value of approximately RM47.643 million.

27. Sale of Fraser Business Park to re-charge F&N’s balance sheet (The Edge, 27-Jan-11) . Fraser & Neave Holdings Bhd’s (F&N) foray into property development paid off well when it recently sold the second phase of Fraser Business in Pudu for RM63 million, which netted the group a gain of

RM29.6 million. COMMERCIAL . The developer plans to redevelop a 12.7-acre site in Section 13, Petaling Jaya into commercial and COMMERCIAL residential properties with a gross development value (GDV) of RM1 billion. This is the second major project after Fraser Business Park.

28. Supply of office space in the city to considerably exceed demand (The Star, 27-Jan-11) . The supply of new office space in Kuala Lumpur will be overwhelming this year making the market soft and competitive as tenants will get to pick and choose the best deals. . Additional 2.3 million sq ft in new office space this year will put more pressure on the market, according to DTZ Nawawi Tie Leung executive director Brian Koh. . The average rental rate for office space in the city would ease by 5% to RM5.90 per sq ft compared with last year’s figure. . An estimated 13.2 million sq ft of new office space is in the pipeline in the city between 2011 and 2013. . The overall occupancy rate of office buildings in Kuala Lumpur decreased from 87.1% in the 3Q2010 to 86.4% in the 4Q2010 due to weak demand.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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. The new buildings included Menara PJD (414,000 sq ft), HSBC new headquarters (175,000 sq ft), Cap Square Tower (600,000 sq ft), CCM headquarters (281,000 sq ft), MIDA building (283,000 sq ft) and BRDB Tower (221,000 sq ft). . The average rental and occupancy as of the fourth quarter of 2010 have dipped slightly to RM5.09 per sq ft and 92% respectively. Prime office rentals in the city were between RM6.50 to RM10.00 per sq ft, according to Knight Frank’s Executive Director Sarkunan Subramaniam. . According to CB Richard Ellis chairman, Christopher Boyd, rentals in most prime buildings in city’s golden triangle were from RM6.50 to RM7.50 per sq ft and from RM5 to RM5.50 for secondary buildings. . The tenant-favoured market environment will continue to prevail. There could be more incentives other than rent-free periods for negotiations.

29. The Altium to launch in 2Q (The Edge, 26-Jan-11) Project name The Altium Location Developer AQRS The Building Company Sdn Bhd Type/ . The Prime: 30-storey Grade A office tower with GBI Gold component certification. . The CEO Suites: 10-stories of grade A GBI-certified SoHo Suites and for F&B retails outlets. . The Pulse: a 3-storey GBI certified commercial podium. Gross floor area Office tower: 300,000 sq ft Retail podium: 32,500 sq ft No of units 136 units (The CEO Suites) Size 600 - 850 sq ft (The CEO Suites) with one or two bedroom Price From RM500,000 (The CEO Suites) Facilities Meeting rooms, multi-purpose function rooms, a roof-top garden,

pool, gymnas ium and games room. COMMERCIAL Launching date 2Q 2011

30. Stable property market this year, says Rahim & Co (The Edge, 14-Jan-11) . The Malaysian property market outlook for the year looks positive and stable amidst a modest recovery in the country’s economy. . The office market saw a vacancy rate of 5% in 2010, with pressure on rents which remained lower than the peak in 2007/2008. . However, with the recovery in the economy expected to continue in the second half of 2011 coupled with the effects of the ETP, the office market may stabilize in the short term but continue to be challenging in the long-term. . Datuk Abdul Rahim Rahman, executive chairman of Rahim & Co Chartered Surveyors Sdn Bhd, estimated that in the next 5 years, 14.5% million sq ft of new office space would be completed, of which about 27% would be located in the suburbs.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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. With selling prices of between RM500 and RM1,000 psf, some companies in the city are relocating to new office buildings in the suburbs where conveniences and amenities help staff recruitment and retention. . The overall average occupancy rate of shopping complexes in Kuala Lumpur has been healthy, and stood at 84% in 2010. Meanwhile, the gross monthly rental rates range from RM13 to RM50 psf for both neighbourhood malls and regional malls. . The industry property market saw several new projects launched in 2009 and 2010 that received good take up rates of between 80% and 100% with demand mainly from small and medium enterprises. . The average rents for industrial properties have remained quite stable ranging from RM0.70 and RM2.05 psf depending on location and size. . With the expected expansion in the manufacturing activities, supply of industrial properties is expected to be launched in the areas like , as well as the Klang Valley due to limited land within prime commercial area.

31. Centrestage set for end-Feb launch (The Edge, 12-Jan-11)

COMMERCIAL

An artist’s impression of Centrestage

Project name Centrestage Location Section 13, Petaling Jaya (redevelopment of EON Service Centre) Developer Cherish Springs Sdn Bhd Tenure Leasehold GDV RM500 million Type Serviced suites: 352 units Two office tower of 11-storeys and 14-storeys: 775 units 5-levels of shops: 33 units Land area 3.66 acres Office tower Retail space Gross floor area 446,035 sq ft 171,797 sq ft Net lettable area 312,225 sq ft 120,258 sq ft Price RM700 per sq ft RM1,000 per sq ft Launching date End February 2011

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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Completion date Mid-2014 Additional notes . Aiming for a Green Building Index (GBI) certification. . The land has been converted from industrial to commercial use.

32. Boustead in talks to buy army base land for RM8b project (New Straits Times, 10-Jan-11) . Boustead Holdings Bhd may build mixed commercial and residential properties worth more than RM8 billion on the 98ha Batu Cantonment army base at Jalan Ipoh, Kuala Lumpur. . The group’s main shareholder Lembaga Tabung Angkatan Tentera, which holds a 59% stake, is in talks with the government to buy the land and is close to sealing the deal. . Boustead may build medium to high-end houses, commercial and residential towers, shophouses, small office/home office and a mall. . These include the Batu Cantonment land, 24ha at Jalan Cochrane, the 1,320ha Rubber Research Institute land in Sungai Buloh, smaller parcels at Jalan Stonor, Brickfields, and Bukit Ledang, off Jalan Duta. . The Batu Cantonment army base, which has been there for over 40 years, will be relocated. . In 2002, the Perak state government had earmarked a 680ha site in Batu Gajah for the relocation.

33. Sunway City launches RM500mil development (The Star,7-Jan-11) Complete lifestyle centre (The Star, 14-Jan-11) Sunway Nexis launched in Dataran Sunway (The Edge,7-Jan-11)

COMMERCIAL

An artist’s impression of Sunway Nexis

Project name Sunway Nexis Location Dataran Sunway, Petaling Jaya (next to Sunway Giza mall) Developer Sunway Damansara Sdn Bhd Type 3-storey retail shops, 13-storey office suites and 20-storey flexi office block GDV RM500 million Tenure Leasehold Land area 5.83 acres Size 4,133 - 8,718 sq ft (retail shops) - 49 units 925 - 1,722 sq ft (office suites) - 113 units 850 - 1,980 sq ft (flexi office block) - 152 units Price From RM4 million (retail shops) From RM700,000 (office suites)

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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Launching date Mid-2011 (flexi office block) Take up rate 53% (shops) Notes Complete lifestyle centre encompassing leisure, entertainment, recreation and work facilities. Two basement levels of parking bays will be provided.

34. Hua Yang sells retail lots enbloc for RM105m (The Edge, 3-Jan-11)

Project name One South Location Sungai Besi Developer Hua Yang Bhd Purchaser South Crest Synergy Sdn Bhd Type/ component Enbloc of 73 retail units GDV RM105 million Price RM105 million Built up 479 - 2,100 sq ft Price RM350 - RM750 per sq ft Notes . The retail and office units are part of phase 1 of the One South development. . Phase 1 sits on a 4.3-acre site and will have An artist’s impression of One South

384 units of shop offices. . The retail units take up the ground floor and first level of 6 and 8-storey buildings. . The whole One South development sits on a 17.89-acre land.

COMMERCIAL PROPERTIES IN PENANG/ NORTHERN PENINSULAR

35. SP Setia wins Penang convention centre deal (Business Times, 17-Jan-11) COMMERCIAL . SP Setia Bhd the largest developer by sale, has won a RM300 million project to build and operate the Penang International Convention and Exhibition Centre (sPICE). . The project aims to create a “Penang People’s Park” that includes the country’s first subterranean sPICE, a 2.83 hectares public park on the rooftop, a refurbished and upgraded Penang International Sports Arena (Pisa), a refurbished and upgraded Aquatic Centre and a four-star hotel with retail outlets and a spacious parking lot. . The project will be developed through a public-private partnership agreement between the Penang Municipal Council (MPPP) and developer SP Setia Bhd’s unit Eco Meridian Sdn Bhd. . Work on the project is expected to start within 3 to 6 months time and will be completed in 3 years.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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HOTEL

36. 90-room hotel sale in Jalan Syed Putra, Kuala Lumpur (Bursa Malaysia, 21-Jan-11) Location Lorong , off Jalan Syed Putra Vendor Serta Usaha Sdn Bhd (subsidiary of GSB Group Berhad) Purchaser Leopad Holdings Sdn Bhd Tenure Freehold Title details Geran No. 35378, Lot 50, Section 94 Town/ District Town and District of Kuala Lumpur Land area 9,838 sq ft Total gross floor 60,053 sq ft Total lettable area 33,406 sq ft Building description 13-storey 90-room hotel with a basement mechanical car park Price RM22 million Date of SPA 21/01/2011

37. Movenpick Hotel in Malaysia set for 2014 opening (The Edge, 11-Jan-11)

Project name Movenpick Hotel & Convention Centre KLIA

Location Near the Kuala Lumpur International Airport (KLIA) and F1 International Circuit Management Movenpick Hotels & Resorts company

No of rooms 333-room HOTEL Size Hotel : 30.5 sq m – 203 sq m Convention and Exhibition Centre : 26,000 sq m, featuring a 1,330 sq m column-free ballroom, exhibition hall, multi-function rooms and boardrooms Completion date Early 2014 Feature The hotel’s design will incorporate modern architectural elements with archways, courtyards and larger atriums, intertwined with landscaped gardens and water features, and conform to sustainable build and operating practices in order to meet Green Globe standards.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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RETAIL

38. Kha Seng Group expands KL retail reach (The Edge, 28-Jan-11) Project name Viva Home mall (redevelopment of Plaza Kenanga Wholesale City Uncang Emas (UE3) Location Jalan Loke yew Jalan Kenanga Developer The Kha Seng Group The Kha Seng Group No of units N/A 800 units Net lettable area 660,000 sq ft + 66,000 sq ft (expo hall) 500,000 sq ft Size 300 – 2,000 sq ft (lot size) N/A Up to 15,000 sq ft (anchor) No of level 4-storey 22-storey Occupancy 95% 75% Anchor tenants Giant Superstore and MBO Cineplex N/A Take up rate Only for lease 49% (of the 800 units keep the balance for lease) Official opening May 2011 (official) August 2011 End March (soft opening) Additional notes . Construction of a 4-star 295-room . The lower ground floor to the 7th floor will be

business-class hotel above the mall is retail floors for fashion, accessories, food and expected to be completed in 18 beverages, and other retail chains while the months parking lots will be on two basement levels and levels 8 to 14. The 15th floor will house garden courtyard, food court, exhibition hall and th th

fashion runaway, while the 16 and 17 floors RETAIL are for offices and warehouse space.

. Sited on a 3.2-acre land. RETAIL

39. Space U8 to open in June (The Edge, 27-Jan-11) . Space U8, Malaysia’s first eco-mall developed by Mainstay Development Sdn Bhd is scheduled to open in June. The RM200 million mall located within Bukit Jelutong, Shah Alam is currently 90% complete. . The mall, which is currently 50% tenanted will also host Shah Alam’s first ever Cineplex. The MBO Cineplex will comprise seven theatres, or 1,300 seating capacity. . Space U8 is unique as it combines various key elements such as a 70,000 sq ft courtyard that is suitable for all sorts of events and expositions, a 24-lane bowling centre and a 10,000 sq ft IT Centre. . There will also be a 16,000 sq ft fresh market area on the ground floor known as Fresh Boulevard and a 10,000 sq ft food court among other food and beverage outlets. . The 4-level complex has a total net lettable area of 600,000 sq ft. The ground floor will comprise food and beverage outlets, banking, retail, the Fresh Boulevard and the IT Centre, while the first floor will feature fashion retailers. The second floor will offer education-related retailers while the third floor comprises sports, health & wellness outlets, bowling alley, cinema and a karaoke centre.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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. Close to RM10 million was spent on the green features of the mall, which is expected to obtain the Green Building Index certification upon completion. Among its green features are rainwater harvesting, solar panel on the roof that will provide sufficient electricity to the common areas, as well as using tyres for the foundation, which reduces the building’s temperature and help maintain the central courtyard’s temperature at 25 C. . The mall is targeted at medium to upper income families from surrounding townships such as Denai Alam, Ara Damansara and Bukit Jelutong.

40. Mayland to refurbish mall in Cheras (The Edge, 16-Jan-11) . The Phoenix Plaza shopping mall in Cheras, Kuala Lumpur, is undergoing a RM150 million makeover. . Malaysia Land Properties Sdn Bhd (Mayland) plans to reopen the 16-year-old complex with a new name and concept. . The developer proposes to rename the mall to Cheras Central Shopping Mall and it will An artist’s impression of The Phoenix Plaza have a hotel attached to it. . The net lettable space of the retail component is 450,000 sq ft and will be designed to suit the modern

urban family with amenities and conveniences that today expect such fashion, household, entertainment

and F&B outlets. . The number of parking bays will be increase from 931 to 1600. . The developer is looking at population catchment of RM1.6 million within a 20 minute drive from the

mall. RETAIL RETAIL 41. Mydin to open environment-friendly hypermarket in Bandar Meru Raya, Ipoh (The Edge,6-Jan-11) . Mydin Mohamed Holdings Berhad (Mydin) is to open an environment-friendly hypermarket in Bandar Meru Raya in March 2012. . The RM150 million hypermarket will have solar panels and T5 energy-saving and consumer-friendly lights. . The 750,000 sq ft hypermarket, the biggest among the Mydin hypermarket chain in the country, will have a scenic greenery landscape with various species of palms and trees planted in the vicinity.

42. Tesco to spend big on expansion (New Straits Times, 4-Jan-11) . Tesco Stores (Malaysia) Sdn Bhd to invest RM280 million and open 4 more hypermarkets over the 12 months from March 2011. This would bring the number of stores it has nationwide to 40. . Tesco Malaysia started operation in Malaysia in 2002. Since 2006 it has opening four to six stores a year. . The final 2 stores will open in Manjung, Perak, on January 14, and in Putra Nilai, Negeri Sembilan, on February 28.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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43. Hypermarket opens two more stores in Klang Valley (The Star, 1-Jan-11)

The Carrefour hypermarket in Puchong Utama

. Carrefour opened two new stores in Seksyen 23, Shah Alam and Puchong Utama, Puchong recently. . On the first day of its opening, Carrefour Puchong welcomes 15,000 customers. . Both the stores stock over 60,000 products, offering a one-stop convenience for both leisure and busy

shoppers meeting their grocery and other shopping needs.

INFRASTRUCTURE

44. New terminal relocation by March 1 (The Star, 30-Jan-11)

. Bus operators have been given until March 1 to relocate to the new Integrated Transportation Terminal- RETAIL

Bandar Tasik Selatan (ITT-BTS). INDUSTRIAL . The RM570 million terminal was built to serve express bus operators plying southern routes which are currently operating from the Bukit Jalil temporary bus terminal.

45. MRT may cost over RM36.6bil (The Star, 17-Jan-11) . The cost of building the mass rapid transit (MRT) transport system, which is scheduled to begin construction in 6 months, may swell beyond the projected RM36.6 billion as developers and residents have begun lobbying on the proposed locations and types of stations. . At the heart of the matter is the alignment of the MRT line, particularly where it should go, where it should stop, and lobbying have begun to have more than 9.5km of the first phase of the 60km Sg Buloh- Kajang line constructed underground.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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INDUSTRIAL

46. Factory sale in (Bursa Malaysia, 28-Jan-11) Location Bandar Selayang Vendor Seacera Tiles Berhad Purchaser Syarikat Fu Yuen Sdn Bhd Tenure Freehold Title details Geran 41063, 41064, 41065 and 41076, Lot Nos 46915, 46917, 46918 and 46916 respectively. Mukim/ District Bandar Selayang, District of Gombak Description Land together a factory excluded plant and machineries, fixtures and fittings. Land area 635,641 sq ft @ 14.59 acres Price RM 62 million (RM43 million and a exchange of a 7½- storey building known as Wisma Fu Yuen, in Jalan Ipoh valued at RM19 million ) Date of SPA 28/01/2011

47. Factory sale in Section 23, Shah Alam (Bursa Malaysia, 11-Jan-11) Location Section 23, Shah Alam Vendor Texchem Resources Bhd [subsidiary of Texchem-Pack (M) Bhd, (subsidiary of Texchem-Pack Holdings (S) Ltd)] Purchaser Wirama Premium Sdn Bhd Tenure Leasehold (expiring on 30-May-2098) Title details H.S.(D) 132492, P.T.58

Mukim/ District Bandar Shah Alam, District of Petaling INDUSTRIAL Land area 167,713 sq ft Building description Factory and office and the age of the building is about 21 years. Price RM13,752,466 Date of SPA 11/01/2011

48. Trinity designs for flexibility (The Edge, 9-Jan-11)

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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An artist’s impression of Latitude@USJ 19

Project name Latitude@USJ 19 Location USJ 19, Subang Developer Trinity Group Sdn Bhd Type 2 ½ storey semi detached factories and a larger standalone 2 ½ storey factory GDV RM65 million Land area of 5.8 acres development Tenure Leasehold No of units 14 units Built up 7,613 - 8,057 sq ft (semi detached) 10,622 - 17,933 sq ft (standalone factory) Land area 10,897 - 16,751 sq ft (semi detached) Price RM3.6 million - RM5 million (semi detached) RM7 million (standalone factory) Features . The larger land area can accommodate at least 8 vehicles and allow trailers (10 wheelers and 12 wheelers with 40-foot containers to park and unload. . The buildings come with a 20ft-high double volume warehouse facility at the back, while the ground floor at the front of the building has a 13ft ceiling.

. Other features include sleek, modern glass façade, lifts, CCTV cameras around perimeter and round-the-clock security. . The buildings come with a power supply of 150 amperes, but buyers can opt to bump this up. The ground floor can withstand 7.5 kiloNewtons of force per sq m, first floor five kiNewtons per sq m and the top floor 2.5 kiloNewtons per sq m.

OVERSEA OVERSEA

49. AP Land sees potential in Japanese ski resort (The Edge,9-Jan-11)

An artist’s impression of Shiki Niseko

Project name Shiki Niseko Location Hokkaido, Japan

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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Developer AP Land Bhd Type 7-storey of ski resort-cum-home complex GDV ¥5.6 billion (about RM212 million) No of units 69 units (fully furnished) Land area 0.85 acre Built up 624 – 1,636 sq ft Price From ¥50 million (typical) From ¥91 million (penthouse) Commenced date April 2011 Completion date End-March 2013 Take up rate 30% (mainly by Malaysian investors) Additional notes - Designed by international Australian firm DBI Design Pty Ltd. - There will be a fireplace in the lobby and 10,000 sq ft of retail space and restaurants for residents and visitors. - Situated close to the ski lifts and other amenities and is designed to weather the four season. - Shiki Niseko is the first international development in Japan for AP land and as it continues its expansion and diversification the company plans to develop more projects abroad, including in China, Japan and Indonesia.

VIETNAM

50. Ho Chi Minh City offices to face high vacancy rates in coming years (The Edge,21-Jan-11) . Vacancy rates in Ho Chi Minh City (HCMC) is expected to remain high for the next few years despite

promising absorption in the fourth quarter (4Q) 2010, due to the increasing supply, according to ETNAM

Cushman & Wakefield’s latest HCMC Office Report. VI . Cushman & Wakefield estimated new supply of grade A and grade B office space to amount to about 538,195 sq ft and 1.4 million sq ft respectively in 2011. The amount is higher than construction completion in 2010, which registered 398,264 sq ft for grade A and 1.2 million sq ft for Grade B. . Total net absorption for grade A and grade B in 4Q 2010 was 333,681 sq ft. Vacancy rate for grade A rose from a staggering 19% to 24% in 4Q 2010, while grade B fared much better, declining to 11% from 14% in the preceding quarter. . There were significant new lease transactions in the quarter under review such as TNS lease of 18,298 sq ft at Agrex Building and AstraZeneca leasing 8,611 sq ft at A & B Tower. . The average grade A rental rate continued to fall by 6% in 4Q 2010 but remains almost unchanged for grade B office space supply in other area of the city was unchanged in 4Q 2010.

51. Vietnam opens new international airport (New Straits Times,3-Jan-11) . Vietnam has opened a new airport in the southern Mekong Delta. . The US$150 million Can Tho International Airport, built on 20,750 sq m of land, will process up to 5 million passengers a year.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.

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. The airport is expected to be significant boost to the Mekong Delta economy, as well as improving defence, security and international integration.

-END-

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment.