Kota Damansara, Selangor, Have More Than Doubled

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Come witness 21 ﬁ nalists ﬁ ght for the RM1million prize MAKE BETTER DECISIONS www.theedgeproperty.com 8am at Southville City@KL South show gallery FRIDAY AUGUST 21, 2015 (E 101°45’35.0 N 2°54’40.0)

EP3 NEWS EP7 FEATURE EP8 GARDEN The Edge-Mah Sing Millionaire The great indoors The constant gardeners Contest ﬁ nalists are ready for the ﬁ nal challenge

BY TAN AI LENG

In the past several years, the values of residential properties in Kota Damansara, Selangor, have more than doubled. For example, according to data on thedge- property.com, the smallest unit at Casa Indah 1 that KOTA sold for as low as RM187,900 during launch in 2003 is now selling at the asking price of RM700,000. It is not only medium-cost condominiums that are increasingly popular; demand for aff ordable and luxury high-rises is equally strong. Th e transformation and development of Kota Da- DAMANSARA mansara has not happened by chance. KGV International Property Consultants Sdn Bhd executive director Anthony Chua says that after the adjacent Taman Tun Dr Ismail (TTDI) became an affl uent township in Petaling Jaya, the urban sprawl spilled into Bandar Utama and, now, Kota Damansara. “Th e overall outlook for demand at Kota Damansara rises higher is positive and upbeat; demand growth is sustainable due to its location adjoining Petaling Jaya, the antici- TwentyTwenty yearsyears aago,go KKotaota DDamansara,amansara SSelangor,elangor pation of a new MRT line, the development of Kwasa Damansara, and others,” Chua explains. was a rural outpost not many people knew about. Construction of the Mass Rapid Transit (MRT) Sungai Buloh-Kajang Line, which started in 2011, However, the pace of development has gradually was 64% complete as at May 31, 2015. Th ere will be 31 stations along the 51km line, with Surian Station, PJU 5 Station and Kota Damansara Station all located turned it into one of the most sought-after in the Kota Damansara area. Notably, Surian station will be linked to Tropicana townships in Petaling Jaya. Gardens, a mixed-use development located adjacent to it, while Sunway Nexis Soho will also be linked to the station via an MRT deck. Both mixed-use devel- Check out a video of this hot spot at www.theedgeproperty.com opments consist of offi ces and retail components. and see current listings for this area on Market Watch EP6. CONTINUES ON EP4

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Bina Puri bags RM100 million will make up the initial portfolio, and that, in 2014, Bovaea recorded around In a statement on Aug 18, CPPIB at www.theedgeproperty.com island resort contract the rest (RM9.5 million) will be for RM162 billion worth of real estate said it would commit about RM485 Bina Puri Sdn Bhd, a wholly owned listing expenses. transactions nationwide. million for the stake in the develop- subsidiary of Bina Puri Holdings In April this year, Al-Salam REIT “Of that fi gure, RM40 billion were ment as part of a joint venture with Bhd, has been awarded a con- entered into sale and purchase agree- deals closed by unlicenced brokers, Malaysia’s Pavilion Group. tract to design and build a RM100 ments (SPAs) with Damansara Assets RM60 billion by licenced real estate Pavilion Damansara Heights is a million island resort in Pulau Poh, Sdn Bhd (DASB) and QSR Brands brokers and the rest by property own- mixed-use development by Impian Kenyir Lake, in Terengganu. (M) Holdings Sdn Bhd (vendors) for ers, home owners or developers. For Ekspresi Sdn Bhd, which is part of the “Th is project is unique as the ven- the acquisition of the Komtar JBCC each transaction, the illegal brokers Pavilion Group. It is located in Pusat dor has requested eco-friendly struc- shopping mall, Menara Komtar offi ce would make around 2 to 3% of the Bandar Damansara, Kuala Lumpur, tures that require less maintenance building @ Mart Kempas hypermarket, entire deal,” Soma said on Aug 17. less than 10km from the Petronas Kota and also interiors that exude peace KFCH College building — all located Th is translates into about RM800 Twin Towers. Damansara and tranquillity,” said group execu- in Johor Baru — and QSR Properties, million to RM 1.2 billion per transac- CPPIB says the location is well-con- rises higher tive director Matthew Tee in a press which consists of 27 restaurant and tion, he added, which rightfully be- nected by a network of highways and release on Aug 18. non-restaurant properties located in longs to the 16,000 registered brokers strategically served by two upcom- The company won the contract Malaysia, for a combined RM903.14 or negotiators listed under Bovaea. ing mass rapid transit stations within from the Terengganu State Public million. The board estimates there are walking distance of the development. Works on June 22, 2015, he added. DRMSB added that the total pur- about 40,000 to 50,000 unlicenced Th e project is a freehold develop- Th e resort, which is yet to be named, chase consideration for the acquisition brokers operating in the country. ment that spans 9.58 acres. Th e pro- will have 150 rooms, a banquet hall of the fi ve properties will be satisfi ed Earlier, at a press conference, Bo- posed project features a retail galleria, for up to 300 guests, restaurant, retail through the issuance of 327.64 mil- vaea EAPC chairman Eric Lim said serviced residences, premier residenc- areas and swimming pool. lion new units to the vendors, and it will work twith the Commercial es and corporate towers. It is due for completion in three RM575.5 million cash, which will be Crime Investigation Department, the “We are pleased to make our fi rst Maspex years. According to the group, the funded via proceeds raised from the Malaysian Communications and Mul- direct real estate investment in South- Penang Kenyir Lake project is expected to IPO, with the balance to be covered timedia Commission, as well as local east Asia through this JV with one of contribute positively to the assets and by a fi nancing facility. councils such as Kuala Lumpur City Malaysia’s most well-respected de- attracts 33,000 earnings of Bina Puri for the fi nancial Hall (DBKL), to stop unlicenced prop- velopers, Pavilion Group,” said CPPIB visitors year ending Dec 31, 2015. erty brokers in the country. managing director and head of real Th is will be done through Bovaea’s estate investments for Asia, Jimmy Johor Corp to list RM252.36 campaign called Anti C.A.M.P., which Phua, in the statement. mil Islamic REIT on Sept 22 stands for cheating, absconding, mis- “Th is JV fi ts well with our invest- Johor state investment arm Johor Corp interpretation and profi teering. ment strategy as it provides us with will list its Islamic real estate invest- a great opportunity to work with a ment trust (REIT) known as Al-Salam smart partner in a high-quality real on the Main Market of Bursa Malaysia estate asset that will provide attractive on Sept 22. Bovaea cracks down on illegal risk-adjusted returns over the long Al-Salam REIT is seeking to raise real estate agents term,” he added. gross proceeds of RM252.36 million Th e Board of Valuers, Appraisers and “We are looking forward to the arising from the issuance of 252.36 Estate Agents Malaysia (Bovaea) has opportunity to partner with CPPIB million off er units, based on an off er teamed up with other authorities to in this exciting development in Kua- price of RM1 per unit, which will ac- stop unlicensed people from acting la Lumpur, It is a highly anticipated The Edge Markets Sdn Bhd Canada fund buys into (1104546M) count for 43.5% of the trust. as brokers in real estate transactions. landmark for Damansara Heights, Level 3, Menara KLK, No 1 Jalan PJU 7/6, According to a draft prospectus Th e industry lost an estimated RM40 Pavilion Damansara Heights set within Malaysia’s most affl uent Mutiara Damansara, 47810 Petaling Jaya, fi led on the Securities Commission billion worth of transactions to un- Canada Pension Plan Investment neighbourhood, offering a world- Selangor, Malaysia Malaysia website on Aug 11, the bulk licensed property brokers last year Board (CPPIB), the largest pension class integrated development that is or RM242.86 million of the proceeds alone. fund manager in Canada, will buy synonymous with the Pavilion brand,” Publisher and Group CEO Ho Kay Tat to be raised from the initial public Bovaea’s estate agency practice a 49% stake in Pavilion Damansara said Pavilion Group project director off ering (IPO) will be used to pay for committee (EAPC) awareness cam- Heights for an investment of RM485 Timothy Liew. Th e GDV of the project Editorial For News Tips/Press Releases the purchase of fi ve properties that paign chair K Soma Sundram said million. reportedly exceed RM2 billion. Tel: 03-7721 8219 Fax: 03-7721 8038 Email: [email protected]

Senior Managing Editor Azam Aris Contributing Editor Sharon Kam If you have any real estate-related events, email us at [email protected]. Editor Rosalynn Poh LAUNCHES & EVENTS Events listed here will also appear on theedgeproperty.com. Deputy Editors E Jacqui Chan, Wong King Wai, Llew-Ann Phang Assistant Editor Lam Jian Wyn Senior Writer Racheal Lee to witness this exciting event. Venue: Lecture Theatre 6, Contact: (03) 4142 1151 / Writers Zatil Husna Wan Fauzi, KDU University College, [email protected] Chai Yee Hoong, Rachel Chew, Showcase of Danau Glenmarie, Shah Alam The Bumiputera Properties Hannah Rafee, Tan Ai Leng, Mutiara, Putrajaya Time: 2.30pm Exhibition, which is organised by Natalie Khoo Date: Saturday and Sunday Contact: (03) 5123 6022 Medimesra Care Management Sdn Art Director Sharon Khoh (Aug 22 and 23) / (03) 5565 0760 Bhd, has been running for the 25th Design Team Cheryl Loh, Venue: Danau Point, No 5, Jalan The talk entitled “Why Properties? time. The event aims to focus on Valerie Chin, Aaron Boudville, P16 Precinct 16, Putrajaya Why Now?” is organised by promoting Bumiputera lots off ered Aminullah Abdul Karim, Yong Yik Sheng, Tun Mohd Zafi an The Edge–Mah Sing Time: 10am to 6pm Paramount Property Sdn Bhd and by property developers before they Mohd Za’abah, Noorain Duasa Millionaire Challenge Contact: (03) 8886 8888/(03) presented by Dr Renesial Leong. are released by the local authorities. Date: Saturday (Aug 22) 8888 8778/ (012) 393 3792 Interested participants are invited Corporate Venue: Mah Sing’s Southville Putra Perdana Development Sdn to RSVP by today (Aug 21). Managing Director Au Foong Yee Deputy Managing Director City@KL South Sales Gallery, Bhd is showcasing its Danau Mutiara The developer has also opened Lim Shiew Yuin Bangi E 101°45’35.0 development situated at Precinct its dual key show unit (picture) for N 2°54’40.0) 16, Putrajaya. The developer is viewing at its Utropolis property Advertising & Marketing Time: 8am to 12pm off ering lakeside semidees with gallery located at Level 6, KDU To advertise contact GL: (03) 7721 8000 Contact: Lyanna Tew at (012) built-ups of 4,218 sq ft, zero-lot Univerisy College, Utropolis, Fax: (03) 7721 8288 698 0569 / (03) 9221 8888 ext bungalows with built-ups ranging Glenmarie. The show unit is of Chief Marketing Offi cer 208 or Paul Choo at (03) 9221 from 4,218 sq ft to 5,154 sq ft, and the 1,202 sq ft dual key unit. Show Sharon Teh (012) 313 9056 8888 ext 676 / (012) 328 4696 bungalows with built-ups of 4,218 units are available for viewing OSK Property Emira Senior Sales Managers Geetha Perumal (016) 250 8640 The grand fi nale ground event of sq ft to 5,456 sq ft. Prices are from Mondays to Fridays from 9am to Residence Roadshow Fong Lai Kuan (012) 386 2831 The Edge-Mah Sing Millionaire RM2.31 million to RM4.015 million. 6pm, and Saturdays and Sundays Date: Until this Sunday (Aug 23) Peter Hoe (019) 221 5351 Contest will see 21 fi nalists taking from 10am to 6pm. Paramount Venue: Giant Section 13, Shah Alam Gregory Thu (012) 376 0614 on a combination of simple physical Utropolis is a university metropolis Time: 10am to 10pm Senior Manager, Integration Shereen Wong (016) 233 7388 and knowledge-based games to at Glenmarie, Shah Alam. Contact: (019) 295 5997 Head of Marketing Support & Ad Traffi c be the grand prize winner. The The roadshow by OSK Property began Lorraine Chan (03) 7721 8001 winner will walk away with a RM1 Bumiputera Property on Aug 17 and will run until Sunday, Ad Traffi c Asst Manager million prize voucher to purchase Exhibition 2015 featuring limited available units of 3+1 Roger Lee (03) 7721 8004 Email: [email protected] any Mah Sing-launched residential Date: Saturday and Sunday bedrooms, 2 bathrooms with built-up property in Malaysia. The contest (Aug 22 and 23) of 1,227 sq ft in Emira Residence. The Operations began June 20 until July 31 and 21 A property talk by Dr Venue: Legar Putra, Putra World units are partly furnished and are To order copy fi nalists were shortlisted for this Renesial Leong Trade Centre, Kuala Lumpur selling at RM600psf. Emira Residence Tel: 03-7721 8034 / 8033 Fax: 03-7721 8282 fi nal challenge. The public is invited Date: Saturday (Aug 22) Time: 10am to 7pm is situated at Section 13 Shah Alam. Email: [email protected] FRIDAY AUGUST 21, 2015 • DIGITALEDGE DAILY + NEWS | PROPERTY EP3 All geared up to do their best

Th e Edge-Mah Sing Millionaire Contest fi nalists are ready for the fi nal challenge

BY THEEDGEPROPERTY.COM

PETALING JAYA: Twenty-one fi nalists of Th e Edge-Mah Sing Millionaire Contest will face off tomorrow to win a RM1 million prize voucher from Mah Sing Group Bhd that will unlock the doors to their dream home. The contestants will engage in games using their physical and mental abilities at the grand fi nale, which will take place at the Southville City @ KL South, Bangi, sales gallery. Th e fi nalists were all surprised to be chosen out of thousands from Malaysia and Singapore who took part in the online contest, which opened on June 20 and closed Ferringhi Residences is one of the developments by Mah Sing Group. on July 31. Meet some of the fi nalists and fi nd out some exercises to boost my stamina. I am and mental activities, I should get more rest. Th ere are 20 others contestants out there their preparations for tomorrow morning. ready for this Saturday’s grand fi nale and I I have been sleeping early and trying to get and I don’t think I will win. I don’t know am ready to win my dream home! a good night’s sleep! what to do, but I am going there to have fun. Vanessa Mering, 26, quantity surveyor, Shah Alam Edmund Tan Chee Keong, 37, health, Soh Siew Hoon, 60, housewife (formerly Guan Shen Shen, 27, branch head at a It’s so unbelievable! Th is is one of the few safety and environment department medical technologist), Kuala Lumpur marketing company, Kuala Lumpur contests I joined, and I can’t believe I am so head at an oil and gas ﬁ rm I was on a trip to Brunei when my sister When Mah Sing called me, I thought it was lucky! I was so surprised and happy when When I got the call while I was riding the messaged me to say I had been chosen as a prank by a friend. I only believed it was I received the call from the organisers on train, I was surprised. I thought I might have one of the fi nalists. I am so happy and can’t real when I received the offi cial email from Monday night. I immediately told my fam- misheard and asked a few times just to make believe it. Th is is the rstfi time I felt so lucky! the organiser. Did I expect to be chosen as ily members in Sarawak and they are also sure. When it actually registered that I was I participated in this contest when I was one of the fi nalists? No way! A RM1 million very excited but, unfortunately, they cannot one of the fi nalists, I was thrilled! also in Brunei and I saw the contest banner voucher for a Mah Sing property is a really join me here. When I fi rst knew of the contest, I imme- while browsing Th e Malaysian Insider portal. huge prize. I am sure winning the voucher Th is contest caught my attention as it diately registered. Since I signed up quite Out of curiosity, I joined the contest, which will be diffi cult, but the chance is greater gives me an opportunity to own a house. I soon after the contest was launched, I was includes the online ‘Treasure Hunt’ game, now because I am one of the fi nalists. have lived in the Klang Valley for a few years hoping to be chosen. However, I was still to gain tokens. Th e treasure hunt game is To be frank, this good news came at the and always dreamt of owning a home. Now, pretty surprised that I was one of the fi nal- interesting and I have played it a few times. wrong time. I have been really busy with I am one step closer to fulfi lling my dream. ists. Playing the games every day until I’ve Honestly, I am just joining for fun, and work lately and had no time to train physi- I have done some research about Mah reached the daily limit paid off . I didn’t expect to be chosen as one of the cally. However, I will do what I can and give Sing and their projects and am also doing Because the fi nal round involves physical fi nalists. it my best this Saturday. S P Setia on track with RM4 bil sales, launches ‘Jet Set With Setia’

BY HANNAH RAFEE about RM700,000 to RM900,000. Within the fi rst week of its launch, we achieved a PETALING JAYA: Property developer S P Se- 40% take up. An upcoming launch would be tia Bhd is on track with its RM4 billion sales Phase 12 of Eco Park called ‘Th e Fountain’ target for the fi nancial year 2015 despite the series. We’re also hoping to launch another current poor market conditions. residential development in George Town, “As far as current sales performance, we Penang in November, although details have are on track with our target of RM4 billion. not been fi nalised.” And I believe our target is also quite scal- Meanwhile, the ‘Jet Set With Setia’ contest able,” said Datuk Wong Tuck Wai, acting will be held until Dec 1, 2015. Th e contest deputy president and chief operating offi cer is part of the developer’s 40th Anniversary of S P Setia. Campaign launched this year. Th e contest “Our fi nancial year end is October, but is open to all S P Setia property purchasers we are also bringing it in line with PNB who are based in Malaysia and have signed [Permodalan Nasional Bhd]’s closing year, their SPA in 2015 (from Jan 1 to Dec 1). Th e which is December, so that means our tar- grand prize winner will win an opportunity get for the two months will be extended. Wong: We would like to extend our appreciation to Koe: Within the ﬁ rst week of [Eco Glades’ Phase G5 to experience London, Melbourne, Nanning, But up until October, our target has been our purchasers. Photos by Patrick Goh/The Edge islands] launch, we achieved a 40% take up rate. Ho Chi Minh City, Singapore and Langkawi RM4 billion,” added Wong at the launch of with S P Setia via business class fl ights by the ‘Jet Set With Setia’ campaign yesterday. Fulton Lane in Melbourne and 18 Woods- the situation well, as everything we do is Malaysia Airlines. According to S P Setia, its local projects ville in Singapore. pre-planned and well-mitigated, especially “While we celebrate our 40th anniver- in Setia Alam, Eco Park, Eco Hill, and Eco Th e company remains positive amidst to counter these tough times,” added Wong. sary, we would like to extend our apprecia- Glades will be the larger contributors to the the current market conditions. “I believe As for recent launches, Datuk Koe Peng tion to our purchasers and what better way sales target. “Out of the RM4 billion target, it is still a good time for people to invest in Kang, executive vice-president of S P Setia, than to share our experiences and achieve- RM1.6 billion will be from our overseas properties, so that when the market goes said: “One of our recent launches is Eco ments with them at our overseas projects,” projects,” revealed Wong. S P Setia’s over- up again, your properties would appreciate Glades’ Phase G5 islands, Isles of Kamares, said Wong. Th ere will be three draw events, seas frontrunners include the regeneration tremendously. In response to the weakening which consists of freehold, 3-storey villas, which will take place on Sept 19, Oct 31 and of the Battersea Power Station in London, ringgit, I trust S P Setia has been handling with 1,400 sq ft built-up and priced from Dec 12, 2015. + FRIDAY AUGUST 21, 2015 • DIGITALEDGE DAILY FR EP4 PROPERTY | COVER STORY

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Building next to Surian MRT station, the ﬁ rst two residential towers of Tropicana Gardens have attracted buyers’ interest.

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Condominiums such as Cova Suites within walking distance Kota Damansara has transformed into a hub of business, education and entertainment. Photos by Mohd izwan Mohd Nazam to SEGi University area are fetching higher rental yields. On the right side of the tracks

FROM EP1 CBD Properties (KD) Sdn Bhd executive Sunway as its nucleus. Dataran Sunway, the Damansara has attracted young families Th e fi rst phase of the MRT Sungai Buloh-Ka- director Daphne Chan says investors and commercial centre, comprises plenty of re- and the working class, resulting in higher jang Line from Sungai Buloh to Semantan is homebuyers are looking for non-landed tail shops, shop offi ces, and eateries. Next to demand for its residential properties , as scheduled to open by the end of 2016 and properties in Kota Damansara, especially Dataran Sunway is the recently completed well as escalating prices,” says Chew. the second phase from Semantan to Kajang, condominiums priced below RM500 psf. Sunway Nexis, a mixed-use development Over the past few years, house prices in on July 2017. “Most investors are homeowners in this consisting of offi ce, retail and soho units. Kota Damansara have increased at a fast Meanwhile, Kwasa Damansara located area or from neighbouring townships who Within 2km of Dataran Sunway are two pace. According to research by theedgeprop- on former Rubber Research Institute Malay- see growth potential in this area and want hypermarkets, Aeon Big and Giant, as well erty.com, the average price psf for non-land- sia (RRIM) land, planned as a major transit to invest for both rental yield and capital as a neighbourhood shopping mall, Sun- ed residential properties transacted in Kota hub located about 10km away from Surian appreciation,” says Chan. way Giza, a popular happy hours hangout. Damansara rose an exceptional 44.4% year- station, will be developed by Kwasa Land According to data provided by KGV In- About 3km to 5km from Dataran Sunway on-year, from RM356 to RM514 psf in the Sdn Bhd, a wholly-owned subsidiary of the ternational, condominiums priced below is Sunsuria Technology Centre, a factory es- third quarter of last year (3Q2014). Employees Provident Fund. Th is project will RM500 psf include Palm Spring, Cova Villa tate for small businesses. According to theedgeproperty.com, the be built to cater for at least 150,000 people. and D’Rimba. Kota Damansara also has several govern- more expensive developments are mostly clus- It is also the fi rst township development on ment schools, a smart school, a university and tered along Persiaran Surian, near amenities the fringes of the city complete with a public Self-suﬃ ciency a medical facility, Tropicana Medical Centre. such as Dataran Sunway, SEGi University, Trop- transport infrastructure. Kota Damansara can be considered a self-suf- Th ere is also a recreational park and a golf club. icana Medical Centre, the Seri Selangor Golf Chester Properties Sdn Bhd operations fi cient township, says Chew, with Dataran “With so many amenities nearby, Kota Course and the upcoming Surian MRT station. manager Jei Chew concurs. He adds that For investors or homebuyers looking to Kota Damansara’s easy accessibility from the purchase non-landed properties here, Chua North Klang Valley Expressway (NKVE) and said they should consider developments with its proximity to mature property hotspots security features, and easy access to main such as TTDI, Bandar Utama and Mutiara roads, and future MRT stations. Damansara, are also points in its favour. Th ere are four main routes that connect Education hub to Kota Damansara, including Persiaran Besides Dataran Sunway, another hotspot is Surian, Persiaran Damansara Indah, Jalan the SEGi University area, where the Sri KDU Sungai Buloh and NKVE. smart school is just a stone’s throw away. In fact, there are hundreds of thousands Th e 10-acre SEGi University is located at of vehicles fl owing into Kota Damansara Jalan Teknologi, Kota Damansara, next to daily. While this generates business oppor- Tropicana Medical Centre. Th e full-fl edged tunities, it is also a cause of serious chronic campus has research facilities and an outdoor congestion, especially on Persiaran Surian. swimming pool, providing a conducive learn- However, this has not aff ected Kota Daman- ing environment for up to 12,000 students. sara’s popularity, due to the many who want Chua: The overall outlook for Chan: Most investors are Chew: Kota Damansara has Sri KDU is a private co-educational smart to live and work here, given that is now a hub demand at Kota Damansara is homeowners in this area or from attracted young families and the school off ering the Malaysian curriculum for business, education and entertainment. positive and upbeat. neighbouring townships. working class. at primary and secondary levels. Since its LY FRIDAY AUGUST 21, 2015 • DIGITALEDGE DAILY + COVER STORY | PROPERTY EP5

Source: theedgeproperty.com market, including Kota Damansara. in October 2012 and March 2013 respective- Kota Damansara all non-landed residential average price According to Chan, since MRT construc- ly, received overwhelming response from by average transacted price tion started in the area, high-rise residential buyers. All 336 units of Arnica tower are sold properties in Kota Damansara have become out, and the 413 units of Bayberry tower are sought after by professionals who hope to 98% sold. Th e average selling prices for Ar- commute by public transport to work. nica and Bayberry serviced residences are Th e Surian MRT station will be located RM850 psf and RM1,000 psf, respectively. opposite Dataran Sunway; the nearest con- Th e upcoming third tower, Cyperus, which dominiums to the station are Casa Indah 1 & will have 406 units of serviced residences, is 2, Sunway Nexis, Tropicana Gardens, I-Res- expected to continue the sales momentum idence and Cascades Residences. with an average selling price of RM1,267 psf. A look at the properties close to the Kota “New launches like Nexis Soho, and Cype- ed Damansara MRT station on theedgeprop- rus are already breaching RM1,000 psf, but erty.com shows that prices during the MRT still selling like hot cakes. Even the prices of construction period were signifi cantly high- older condominiums located near MRT sta- er compared with during the pre-construc- tions are climbing up and closing the price tion period. gap on newer projects,” Chan adds. For example, Casa Indah 1, which was Real estate agents admit that transactions completed in June 2006, was launched at have slowed since early last year. Chua says a price of just RM180 psf. Based on KGV the transaction volume has decreased main- NAME OF PROJECTS TRANSACTION PRICE opening in 2003, the 12-acre school’s annual International data, as at 2Q2015, after con- ly due to the overall weak market sentiment 12 MONTHS TO JULY 2015 enrolment has grown from 528 students to struction of the MRT project began, the and pessimistic economic outlook. “However, (RM PSF) more than 2,300 today. selling price had increased to RM600 psf, owners are not forced to sell as most of the ex- Casa Indah I 600-722 Chan says the average rental yield of a jump of 233%. isting properties are owner-occupied,” he says. Opal 520-640 non-landed properties in Kota Damansara Cascades Residences by Mitraland Bhd, He expects the price growth of non-land- Palm Spring 400-460 is about 4%, and that properties within walk- completed in 2014, has set a new price ed properties to be fl attish in the short term Cova Villa 420-460 ing distance of SEGi University fetch higher benchmark for the area. Chua says the high- as transactions remain bearish. He expects n Cova Suites 420-460 rental yields. “Cova Villa and Cova Suites are est transaction price for Cascades Residences the redevelopment of the RRIM land into still the most popular condominiums for over 12 months was RM930 psf. Kwasa Damansara to be the next catalyst Cascades Residences 670-930 students, being close to the college.” At I-Residence, another condominium for price growth. “It will be a game changer I-Residence 490-620 Chua adds that Cova Villa has enjoyed project completed around the same period for the locality. New price benchmarks will Source: KGV International Property Consultants Sdn Bhd high occupancy rates due to its proximity to and located just 2km away from Cascades likely be set and these may result in overall a college and a medical centre. KGV Inter- Residences, the highest transaction price in price appreciation.” NAME OF PROJECTS RENTAL RM PSF YIELD (%) national data shows that the current rental the past 12 months was RM620 psf. Although most real estate agents cannot Casa Indah I 1.60-1.80 3.0-3.2 for Cova Villa ranges from RM1.60 psf to While some may argue that the strong agree on how much the value of Kota Da- Opal 1.55-1.85 3.5-3.6 RM1.75 psf, while rental yield is about 4.6%. demand is only applicable to mid-market mansara properties will appreciate over the high rises, the overwhelming response to medium and long term, they can agree on Palm Spring 1.30-1.75 3.9-4.6 The MRT catalyst Tropicana Gardens, a joint-venture between one thing — that Kota Damansara is like a Cova Villa 1.60-1.75 4.5-4.6 Th e development of the Klang Valley/Great- Dijaya Corp and PKNS, has shown otherwise. teenager, with all the qualities and potential Cova Suites 1.60-1.75 4.5-4.6 er KL MRT project initiated in 2011 has Th e fi rst two residential towers of Tropica- to shine brighter, and that the township still Source: KGV International Property Consultants Sdn Bhd become a major catalyst for the property na Gardens, Arnica and Bayberry, launched has room for growth.

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t is DU y. d at t to ged oor rn- ts. art um its + FRIDAY AUGUST 21, 2015 • DIGITALEDGE DAILY EP6 PROPERTY | MARKET WATCH Go to theedgeproperty.com for more listings

FOR SALE [in Kota Damansara, Selangor ] FOR RENT [in Kota Damansara]

Pelangi Damansara Description: Fully furnished, mid- Near The Curve, IKEA, Kidzania, Cova Suites kitchen cabinets. Linked to Type: Condominium/ fl oor unit, windy and cool. Covered 1 Utama and Kelab Golf Sri Type: Condominium/ future MRT station. Facilities: serviced residence parking bay. Walking distance to Selangor. Array of restaurants serviced residence gym, swimming pool, meeting Tenure: Leasehold bus and taxi stands, future MRT within a short driving distance. Tenure: Leasehold room, surau, sky garden, Asking price: RM470,000 station. Facilities: 24-hour security, Subang Airport reachable in 15 Asking rent: RM1,900 retail area and offi ce block. Built-up area: 932 sq ft pool, gym. Accessible from NKVE, minutes via back roads. Accessible Built-up area: 1,254 sq ft Agent/negotiator: Ken Kong Bedroom(s): 3 LDP, Sprint and Penchala Link. via LDP, Penchala Link, Sprint, Bedroom(s): 3 of Global Link Properties Bathroom(s): 2 Near The Curve, Sunway Giza, 1 NKVE and Jalan Sungai Buloh. Bathroom(s): 2 (Selangor) Sdn Bhd Description: High-fl oor unit. Utama, SEGi University, Tropicana Agent/negotiator: Irene Chua Description: Cova Suites comprises Tel: (016) 637 3366 CCTV on all fl oors. Near MRT Medical Centre and golf club. of Leaders Real Estate three blocks on the south side Email: [email protected] Station under construction. Agent/negotiator: Simon Khoo of Email: irenechua888828@ of Kota Damansara. Amenities Strategic location; walking Gather Properties Sdn Bhd gmail.com within walking distance. Cova D’shire Villa Apartment distance to The Curve, Ikano Email: [email protected] Tel: (012) 222 5187 Square boasts several chic cafes Type: Condominium/ Power Center, Ikea, Tesco and Tel: (012) 252 5693 and quaint boutiques. Near Giant, serviced residence Houz Depot. Accessibility via D’shire Villa Sunway Giza and The Strand. Tenure: Leasehold LDP, NKVE, Penchala Link D’Rimba Apartment Type: Condominium/ Agent/negotiator: Eva Tan Asking rent: RM1,500 Agent/negotiator: Paul Chin of Type: Condominium/ serviced residence of Hartamas Real Estate Built-up area: 1,001 sq ft Reapfi eld Properties (S.J) Sdn. Bhd. serviced residence Tenure: Leasehold (Setia Alam) Sdn Bhd Bedroom(s): 3 Tel: (012) 320 8879 Tenure: Leasehold Asking price: RM450,000 Tel: (016) 969 2173 Bathroom(s): 2 Email: paulchin@reapfi eld.com Asking price: RM675,000 Built-up area: 1,020 sq ft Email: [email protected] Description: Golf course view. Built-up area: 1,427 sq ft Bedroom(s): 3 Air conditioning, water heater, Bedroom(s): 4 Bathroom(s): 2 Pelangi Damansara kitchen cabinet, parking bay. Bathroom(s): 3 Description: Fully renovated: Type: Condominium/ Agent/negotiator: Muhammad Description: Lower-ground unit of fully tiled kitchen, plaster ceiling, serviced residence Safi q of Reuters Properties low-rise condo with two parking bays kitchen cabinet, fl oor tiles, air Tenure: Leasehold Tel: (012) 206 5290 right in front of unit. Additional yard conditioning, water heaters, Asking rent: RM1,300 Email: safi [email protected] for gardening and a balcony. Faces wardrobe. Faces swimming Built-up area; 933 sq ft small stream and greenery. Popular pool. Walking distance to SMK Bedroom(s): 3 Cascades Residences area, good for rental investment. Seksyen 4, Tropicana Medical Bathroom(s): 2 Type: Condominium/ Accessible via NKVE, LDP. Good Centre, SEGi College and Sekolah Description: Partly furnished unit serviced residence Cascades Residences facilities and management; strict Sri KDU. Close to numerous Agent/negotiator: Alex Tong Tenure: Leasehold Type: Condominium/ security. Five minutes to The amenities, especially colleges. of Everest Properties Asking rent: RM1,800 serviced residence Curve, Ikea, 1 Utama; 10 minutes to Agent/negotiator: Kevin Dass of Tel: (012) 363 3498 Built-up area: 561 sq ft Tenure: Leasehold Subang airport; future MRT station Izrin & Tan Properties Sdn Bhd Email: [email protected] Bedroom(s): 1 Asking price: RM520,000 nearby. Facilities: swimming pool, Email: [email protected] Bathroom(s): 1 Built-up area: 571 sq ft wading pool, clubhouse, gym, Tel: (012) 277 0512 Cova Villa Description: Cascades is Bedroom(s): 1 park. Near Dataran Sunway, The Type: Condominium/ an integrated development Bathroom(s): 1 Strand, Sunway Giza, SunSuria serviced residence comprising retail mall, offi ces and Description: Partly furnished unit. Avenue, Giant. Accessibility: NKVE, Tenure: Leasehold residential units located next to Agent/negotiator: Alex Tong Persiaran Surian, Jalan Sungai Asking rent: RM1,800 Giant hypermarket and opposite of Everest Properties Buloh, LDP and Sprint Highway. Built-up area: 1,059 sq ft The Strand. Cascades Residences Tel: (012) 363 3498 Agent/negotiator: Bedroom(s): 3 has 20-storeys of 266 serviced Email: [email protected] Mohamed Zulhilmi/Hilmi Bathroom(s): 2 apartments. Facilities: sky garden, of Reapfi eld Properties Description: Fully furnished unit. club, infi nity pool, gym, lounge, Cova Suites Email: hilmi@reapfi eld.com Facilities: infi nity pool, nursery, terrace, sauna, garden, grille Type: Condominium/ Tel: (019) 200 0121 gym, jogging and cycling track, terrace, recreational zone and serviced residence multipurpose hall, recreational lake, 24-hour security with smart card. Tenure: Leasehold I Residence sky garden, library. Located opposite Agent/negotiator: Shirley Asking price: RM719,000 Type: Condominium/ SEGi College and Sri KDU School; 10 Gan of Oriental Realty Built-up area: 1,257 sq ft serviced residence to 15 minutes away from 1 Utama Tel: (012) 207 2318 Bedroom(s): 3 Tenure: Leasehold The Curve, Ikea, Tropicana Golf and Email: [email protected] Bathroom(s): 2 Asking price: RM720,000 Country Club and Tropicana Medical Description: Fully furnished. Built-up area: 1,255 sq ft Center. Accesible via NKVE, LDP, I Residence Selling lock, stock and barrel. Bedroom(s): 3 NSE, SPRINT and Penchala Link. Type: Condominium/ Two covered parking bays. Bathroom(s): 2 Agent/negotiator: Joelton serviced residence Facilities: Infi nity pool, gym, Description: Basic unit, good Ooi of Oriental Realty Tenure: Freehold cafe, 24-hour security, multi- Cova Villa accessibility via Penchala Link, Tel: (012) 623 6695 Asking rent: RM2,200 purpose hall, library, lake, Type: Condominium/ Kerinchi Link, Duke Highway, LDP; Email: joelton.ad@ Built-up area: 1,255 sq ft jogging and bicycle track, wifi serviced residence 10 to 15 minutes’ drive to KL City orientalrealty.com.my Bedroom(s): 3 hotspot, sky garden and nursery. Tenure: Leasehold Centre, Mont’Kiara, Sri Selangor Bathroom(s): 2 Amenities: Sri KDU Smart Asking price: RM540,000 Golf Club, Kuala Lumpur Golf & Palm Spring Description: New, partly furnished, School, SEGi College, Tropicana Built-up area: 1,236 sq ft Country Club, The Curve, and 1 Type: Condominium/ serviced apartment, corner unit, Medical Centre, Cova Square, Bedroom(s): 3 Utama. Future MRT station nearby. serviced residence ready for moving in. Facilities: two Giant, Sunway Giza, The Strand. Bathroom(s): 2 Agent/negotiator: Ken Kong Tenure: Leasehold swimming pools, gym, sauna, two Accessibility: NKVE, LDP, Persiaran Description: Cool, airy, quiet of Global Link Properties Asking rent: RM1,500 basketball courts, playground, Surian, Jalan Sungai Buloh mid-fl oor unit located opposite (Selangor) Sdn Bhd Built-up area: 936 sq ft gardens, etc. Faces Sri Selangor Golf Agent/negotiator: Lizsa SEGi College and Sri KDU school. Tel: (016) 637 3366 Bedroom(s): 3 Club. Amenities: Sunway Giza, The Chong of GS Realty Walking distance to future MRT Email: [email protected] Bathroom(s): 2 Strand, The Curve, IPC, Giant, Aeon Email: [email protected] station. One covered parking bay. Description: Fully furnished unit, Big and Tesco, SEGi University, Sri Tel: (010) 219 8873 Near 1 Utama, The Curve and Kasturi Idaman including air conditioning and KDU International School, Tropicana Ikea. Accessible from NKVE, LDP, Type: Condominium/ water heater. Pool view. Suitable Medical Centre. Golf course and pool NSE, Sprint and Penchala Link. serviced residence for families and professionals. view. Two parking bays. Accessible Agent/negotiator: Denyse Tenure: Leasehold Agent/negotiator: Mary Tay via NKVE, Plus, Sprint, LDP, Low of Ace Realty Asking price: RM580,000 of Hosanna Properties Penchala Link, Guthrie Highway, Email: [email protected] Built-up area: 1,188 sq ft Tel: (012) 382 2618 Jalan Duta-Sungai Buloh highway. Tel: (013) 331 4113 Bedroom(s): 4 Email: [email protected] Agent/negotiator: Calvin Yew Bathroom(s): 2 of Vision Homes Realty Casa Residenza Description: Corner lot Sunway Nexis Email: calvinyew. Type: Condominium/ Agent/negotiator: Alex Tong Type: Condominium/ [email protected] serviced residence of Everest Properties serviced residence Tel: (012) 969 7882 Tenure: Leasehold Tel: (012) 363 3498 Tenure: Leasehold Palm Spring Asking price: RM490,000 Email: [email protected] Asking rent: RM3,500 Type: Condominium/ Built-up area: 966 sq ft Built-up area: 832 sq ft serviced residence Bedroom(s): 3 Bedroom(s): 1 Tenure: Leasehold Bathroom(s): 2 Bathroom(s): 2 Asking price: RM435,000 Description: High-fl oor unit. Description: Newly completed Built-up area: 1,001 sq ft Currently tenanted. Just next to Sri soho unit at Sunway Nexis, Dataran Bedroom(s): 2 KDU. 24-hour security, swimming Sunway, with garden view. Partly Bathroom(s): 2 pool, library, gym and wifi hotspot. furnished: air conditioning, fridge, FRIDAY AUGUST 21, 2015 • DIGITALEDGE DAILY + FEATURE | PROPERTY EP7

PICTURES BY TROPICANA CORP The Residences’ indoor lounge, called The Penthouse, will have oversized doors ﬁ nished in a fuchsia-dyed woven material.

Fuchsia is one of the main colours used in the common areas. The great indoors

Design maven Lai Siew Hong introduces garden couture in Tropicana Th e Residences KLCC

BY HANNAH RAFEE The 25m saltwater inﬁ nity pool, The Forest Lounge showcases uala Lumpur’s premium one of the main attractions of modern sculptural lighting and KLCC area has no shortage The Residences. whimsical furniture. of contenders for the title of swankiest digs in the country. Tropicana The Residences, by Tropicana Corp Bhd comprises K353 units of luxury residences on 55 storeys that will sit atop the 24-storey W Hotel. It will be located within the magic 1km circle of the unmissable Petronas Twin Towers. But its unique selling point is not its neighbourhood — many other properties lay the same claim to fame; it lies in its interior design. “For the interiors of Th e Residences, we Lai: We were inspired by the nearby KLCC park. were inspired by the nearby KLCC park. We had the idea of combining elements of the park with our design, and interpret it residents custom, bespoke furniture and of tree trunks,” says Lai. Residences’ 53rd fl oor, the location of the in a fashionable way,” says the mastermind fi xtures,” explains Lai. Th e main lobby will consist of two gar- salt-water infi nity pool, indoor lounge, aqua behind Th e Residences’ interiors, Lai Siew Th e apartments of Th e Residences will den-themed feature walls. Th e fi rst feature gymnasium, gymnasium, steam room, Forest Hong, founder and CEO of Blu Water Studio. be designed with customised built-in ward- wall, which acts as a divider between the Lounge, yoga zone and landscaped deck. “We came up with the concept of ‘a walk robes, kitchen cabinets and appliances, and main lobby and the lift section, will have a Th e 25m salt-water infi nity pool features in the park meets fashion’ or, as we like to call even pieces of furniture such as dining ta- curved layering that resembles a heliconia a concoction of tiles that form the shapes of it, ‘garden couture’. bles and chairs. plant. “Th e motifs of the heliconia plant an- fl owers and plant imagery. Th e adjoining sky Th e natural elements of the park infuse One of the development’s most striking chor a lot of the design features in the lobby, jacuzzi has a forest-themed landscape for its the colours and motifs of the interior design features will be the main lobby. especially the walls,” says Lai. background, and opulent stone fi nishes for which are, in turn, contemporary stylisa- “We try to capture the natural elements of A second feature wall in the lobby will its pool deck area, juxtaposed with modern tions of nature. the park in our selection of materials. We’ve have fl owing metal plates that appear like tiles for all water features. “It is quite abstract,” says the award-win- used fi ttings and furnishing that exude a soft, sequined fabric. Other nature-inspired ac- Th e Forest Lounge has a Misty Walk, a ning designer. “We would like to embody organic feel. For example, the furniture and cents in the main lobby include gobo lights green lane overlooking the city skyline. Th e the meaning of ‘couture’ by providing the the rugs in the lobby resemble the shapes and raindrop lights in the lift area. former showcases modern sculptural light- “For the passageway near the lobby, the ing and whimsical furniture in line with the raindrop lighting gives the illusion of rain garden couture concept, while Misty Walk in the park. Th is passageway also appears features refi ned landscaping, with planted like a fashion runway. Th is is a fi ne example high tree groves. of how the fashion and nature inspirations Still not familiar with garden couture? come together,” Lai says. Th e indoor lounge, called Th e Penthouse, Th e lift area will also feature timber panels, will have walls clad in graphic glass of ab- organic veneer layerings and textured pink stract pink-tinted grass patterns to separate mirrors to simulate tropical plants. its corridors and the gym. Fuchsia is one of the main colours used “We want to create something fashionable for the common areas, says Lai, because it yet functional for the residents,” says Lai. Th e complements the interior design concept. Penthouse will also have oversized doors Th e colour is used for the furniture “but we fi nished in a fuchsia-dyed woven material. also inject this colour in our lighting fi xtures, And now, if you must know, the apart- The Residences’ Misty Walk to add to the mood of the design”. Th e lib- ments of Th e Residences come in layouts of features reﬁ ned landscaping, eral use of mirrors enhances the feeling of 1-bedroom (710 sq ft) to 3-bedroom (1,604 sq with planted high-tree groves. spaciousness. ft). Th e project is expected to be completed Nature’s accents extend upwards, to Th e in 2017. Th e average price is RM2,500 psf. + FRIDAY AUGUST 21, 2015 • DIGITALEDGE DAILY EP8 PROPERTY | GARDEN

The worm farm bedding should comprise a mixture of components such as compost, humus and soil.

The bedding should take up one third of the worm farm and should be slightly dampened.

The worms thrive in temperatures of between 18C Worm farms come in single-tier or multi-tier formats. Photos by Michael Remillard and 27C.

WHAT TO FEED, AND The constant gardeners NOT TO FEED

What to feed • Vegetable scraps, such as lettuce, beans Earth worms eat and turn organic waste into vermicast that makes and carrots • Non-citrus fruit scraps, such as banan- plants grow into jolly green giants as, plums and grapes • Crushed egg shells • Coff ee grounds BY LIM KIAN WEI withstand both warm and frigid weather red worms, one by two-foot worm bin with a • Shredded cardboard conditions. Th ey also have great appetite cover, 10kg of worm food and a guide book. • Garden waste, such as bean stalks, pea ttention all readers with bud- for organic waste and reproduce quickly. It says that the smaller the feed, the easier vines ding green fingers: red worms Th ey thrive in temperatures of between it is for the worms to eat. Feeding them once • Starches, such as pasta, potatoes and are probably your best friends. 18°C to 27°C. Th e wriggling creatures prefer a week is suffi cient, while overfeeding the grains This is because the vermi- to be in shaded areas and like their bedding worms might result in a population explo- • Commercial worm food, such as worm cast created by red worms moist and non-acidic. A moist environment sion. If you’re going to be away from home chow provides nutrients for plants. facilitates the breakdown of organic matter in for more than a week, place a dampened AVermicast is a dark and rich compost that their bedding. However, they do not perform sheet of newspaper over the worm farm What NOT to feed improves the composition of a soil’s nutri- well if their home gets too wet or fl ooded. and they will consume the newspaper after • Citrus fruits, such as orange, lemon ents. It’s also known as worm castings or It typically takes about two and a half completely processing their food. (Th ough and lime worm manure, or worm tea in liquid form. months for a red worm to produce a cocoon, we do wonder about the edibility of the ink.) • Meat or bones Vermicast is the product of vermin compost- which holds an average of fi ve red worms. earthworm.com.my also says it normal- • Dairy waste ing, the process which enables red worms Once hatched, a baby red worm takes nine ly takes less than a week for red worms to • Grease to convert organic waste such as fruits and weeks to mature. consume food scraps and produce vermi- • Human waste vegetables. Vermicast contains higher sat- Th e worms feed on vegetable and non-cit- cast. Rest assured that vermicast is organic • Exotic tree leaves uration of nutrients compared to natural rus fruit (such as apples, grapes, bananas) matter that will not harm plants even if they composting of organic materials. Humus waste, decaying tree leaves, grasses, wood, overdose on it. is also a material formed during the break- egg shells, coff ee grounds, shredded card- unproductive or die from a lack of oxygen. down of organic matter by the red worm. board, garden waste and starch (pasta, rice Preparing the worm farm Worm farm bedding should comprise a Vermicast enables plants to absorb nu- and potatoes). Th ey prefer a mixture of soft Worm farms come in single-tier and mul- mixture of components such as compost, trients easily because they are broken down and small decaying food and microbes. (See ti-tier. While single-tier farms are easier to potting mix, humus, rotted pea straw, soil into their elemental form, hence stimulating table for list of recommended worm feed) set up and maintain, multi-tier ones will al- and paper. Th e bedding should take up one plant growth. Other benefi ts include en- Klang-based earthworm supplier earth- low you to easily harvest vermicast without third of the worm farm and should be slightly hancing soil structure to improve aeration worm.com.my advises that it is best to use removing the worms or unprocessed food dampened for the bedding to be moist. and water retention; balancing the soil’s pH vegetable and fruit scraps such as lettuce, waste. Red worms are surface dwellers and According to gardening tips website level; and improving the plants’ immunity watermelon and apple skins. Meat and bones naturally inclined to move up diff erent tiers of growingandgathering.com, a healthy worm against disease. are not recommended as these cause the farms once they have completely processed farm is one that produces little or no smell Some avid gardeners harvest their own ver- waste to smell! the scraps on one tier of the farm — leaving and has a large number of worms. Th e worm micast by nurturing their own “worm farms” earthworm.com.my began operations in the castings ready to be harvested. castings and worm tea should also have which are rather easy to set up and maintain. 2004 as a pioneer supplier of earthworms For those using plastic bins as worm no smell. Red worms are also known as red wrig- and vermiculture starter kits. Th e company farms, it is important to have multiple coin- When the worm farm becomes overpop- glers, tiger worms or Eisenia Fetida. Th ey sells 1kg of red worms from RM280 upwards, sized holes that allow for adequate venti- ulated, one may harvest the worms to start are suitable for worm farms as they can while the starter kit at RM399 includes 1kg of lation. Otherwise, the worms may become a new worm farm or sell or give them away.