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AUG 2017 THE MOST OUTSTANDING ISSUE 150 RM8.50/S$8 REAL ESTATE AWARDS 08 15 AUGUST 2017 KL HILTON 872006 9 771823 Managing Editor CEO’S FOREWORD Roshan Kaur Sandhu Writer Reena Kaur Bhatt HAPPY 60th INDEPENDENCE Head of Creatives Angeline Lim Senior Graphic Designers DAY MALAYSIA! Wing Wong Jason Kwong Junior Graphic Designer 31 August 2017, marks 60 years of Malaysia’s Rechean Soong independence. 60 years of triumphant accomplishments across many facades. Since Ad Operations Executive Nur Alia Ahamd Tamezi its independence, Malaysia has become a Intumathy Nadarajah bubbling, bustling melting-pot of races and religions, all living together in peace and CEO REA Group - Asia Henry Ruiz harmony. Our vibrant multiculturalism has CEO iProperty.com Malaysia made Malaysia a truly gastronomical paradise & Singapore and home to hundreds of colourful festivals. Haresh Khoobchandani As such, it’s no wonder that Malaysia has General Manager (Marketing) Wong Siew Lai established herself as the premier destination General Manager (Agent Sales) for visitors from all around the world. Aside Leon Kong from its rich heritage, Malaysia also has one of the best economic records in General Manager (Developer Sales) Sean Liew Asia. In fact, according to Bank Negara, the country’s economy grew at its General Manager (Data Services) fastest pace in two years in the first three months of 2017, powered by strong Premendran Pathmanathan domestic demand, higher exports and a rise in manufacturing activity. Of Group Regional Finance Director Esther Monks course, Malaysia’s property developers have also played an instrumental role Chief Information Officer in shaping the rapid growth of this country. The Malaysian real estate market is Harmit Singh on par with some of the most attractive markets in the region. With its exquisite Head of Media Sales & Ad Ops and state of the art designs and innovation, facilities and security features, these Martin Goh properties have captured the attention of both local and international investors. Head of iProperty TV According to a Best Countries to Invest In survey by global marketing Jonathan Ong communications company Y&R’s brand strategy firm, BAV Consulting, and the General Manager (Sales & Marketing) iProperty.com Singapore Wharton School of the University of Pennsylvania, Malaysia has been ranked Vincent Sim among 80 countries, as the best place to invest in this year. The survey findings Head of Marketing & Content, revealed that Malaysia was the clear front-runner in the list of best countries iProperty.com Singapore th th Leslie Lin to invest in, ahead of second placed Singapore, India (6 ), Thailand (7 ) and Indonesia (10th). In line with that, in this month’s issue of the magazine, we dwell deeper into KL’s new Golden Triangle. iProperty.com Malaysia Sdn Bhd (600850-K) Curious to know more? Then flip on over to page 26 to find out more. We Suite 11.01, Level 11 Menara IGB Mid Valley City, Lingkaran Syed Putra also share with you property market trends and insights into the area from 59200 Kuala Lumpur, Malaysia iPropertyiQ.com and Brickz.my, all with the aim of helping you make an Phone: (603) 2264 6888 Fax: (603) 2264 6900 informed decission should you be looking at a property investment in the Sales enquiries: [email protected] Golden Triangle area. Editorial matters: [email protected] General enquiries: [email protected] Also, if you are looking to purchase property and would like to check out Subscription: [email protected] th th International Property: [email protected] the latest developments in town, then why not lock in the 4 to 6 of August in your calendars now. We will be organizing our iProperty.com Home & Property iProperty.com Malaysia Sdn Bhd (Johor) A-2-7, Pusat Komercial Bayu Tasek Investment Fair at the Mid Valley Exhibition Centre and it will be open from 11am Persiaran Southkey 1, Kota Southkey to 9pm. There will also be special celebrations in store in conjunction of our 60th 80150 Johor Bahru, Johor Phone: (607) 300 0013 independence day! We are certainly looking forward to seeing you there. Taking iProperty.com Malaysia Sdn Bhd (Penang) this opportunity to wish all Malaysians a Happy 60th Independence Day! Bay Avenue D-25-3, Lorong Bayan Indah 2 Bayan Lepas, 11900 Penang Phone: (604) 645 9899 Fax: (604) 611 1599 Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto. The views by our contributors expressed here are their personal opinions and do not necessarily reflect iProperty.com’s views. HARESH KHOOBCHANDANI Unless otherwise noted, all artwork and ad designs printed in iProperty.com Magazine are the sole property of iProperty.com Malaysia Sdn Bhd, and may CEO - iProperty.com not be reproduced or transmitted in any form, in whole or in part, without the prior written consent of the publisher. Malaysia & Singapore 4 PB Managing Editor’s note Contents There is a lot to feast on in this issue. As you can see from our main cover, we’ve got the upcoming iProperty.com Agents Advertising Awards 2017 this month. It will showcase the best of the property industry and celebrate leading real estate agency practices and professionals. Despite Malaysia’s slower economic growth in Q4 2016, we attracted RM2017.9 billion of investment in 2016. Did the improvement of investors’ sentiments spill over the real estate sector in Q1 2017? Nawawi Tie Leung reports the latest market activities on page 21. Land market is also spotlighted 16 this month. Generally, land markets perform an important function – it brings buyers and sellers together 5 to facilitate transactions. On page 41, CEO’S FOREWORD POINTS OF INTEREST land expert and property investor Tan 6 MANAGING EDITOR’S NOTE 41 Supercharge your portfolio with land investment Hwa Chuan explores what land owners 9 HAPPENINGS should do to obtain the best return 44 Could proposed Bumi policies salvage the Johor market? from their investment. AND, under the iPropertyiQ section, Premendran EVENTS 48 The neighbourhood effect in property investment Patmanathan, Data Servies GM of th 12 Seri Austin’s celebrates 12 iProperty Group shares the transaction anniversary & Hari Raya with 51 What is a CCRIS report? breakdown for different land types in aplomb 52 Boost your rental value with smart Malaysia and Selangor and describes 14 Vivahomes’ night of excellence interior design hacks price patterns of the area. 56 Property investment is not a game, An ongoing topic that has been it’s hard work frequently discussed is the conversion COVER STORY of Bumi properties. Samuel Tan sheds 58 New owners of foreclosed 16 iProperty.com AAA 2017: Who will properties, read this! some light on the proposed guidelines take the crown? for the conversion of Bumi properties 60 Good tenant, great tenant: Where are you in Johor. Selling your property in these RESEARCH DATA challenging times can be a daunting 20 Kuala Lumpur real estate times experience and some owners should Q1 2017 up their game to close the deal. Jon Chin, Team Leader at Gather Properties shares some valuable tips for property PICK OF THE MONTH: owners on page 88. KL’S NEW GOLDEN TRIANGLE Till next month, enjoy this issue! 25 KL’s NEW Golden Triangle: Hotspots that have it all Best regards iPROPERTYiQ.COM 34 Malaysia & Selangor land market: 16 Latest data & analytics Roshan Kaur Sandhu Contents 66 INTERNATIONAL SECTION 66 INTERNATIONAL NEWS Happenings 70 INTERNATIONAL FEATURES – BRIEFS Mid-year update on property financing 74 SINGAPORE NEWS Happenings RESEARCH DATA 78 New urban models in a youthful Southeast Asia AGENT’S VIEWS 86 Propelling PropLeague to greater 74 78 heights RESEARCH DATA AGENT’S ADVICE 96 Super Cities still a hot favourite 88 Tips for owners: How to survive a amongst the Ultra Rich buyer’s market 98 Overseas investors to look beyond global Super Cities REGULARS 94 100 SPOTLIGHTS OF THE 89 MASTER PAW SANDY MONTH 5 Great tips to revitalize the energy of your living hall 111 CLASSIFIEDS 101 90 HOUSE BUYERS’ ASSOCIATION SUPERSTAR AGENTS Sustainable development of affordable housing – The buyers 120 SUBSCRIPTION perspective CONSUMER AWARENESS 94 DATO’ JOEY YAP 104 7 Things that turn buyers off Chasing the wealth star 106 Bathroom ideas 108 How to spot rental red flags before signing a lease HAPPENINGS UEM Sunrise presents Dahlia, exquisite double-storey terraced homes in Bangi UEM Sunrise Berhad recently Begonia and Camellia have previously 25-acre Creekside Parkland, the largest launched Dahlia, the fourth phase received encouraging take-up rates of green zone in the township, which will of its 448-acre mixed-township 99%, 98% and 70%, respectively while feature a 1.3km long waterway, a 3.5km development in Serene Heights, Bangi. construction of these homes are well cycling and jogging track and lush, Spread across a 14-acre plot of land, underway as scheduled. landscaped spaces. Themed play zones the landed homes will bear a Gross At a recent media launch, which feature traditional games are Development Value (GDV) of RM108 Dato’ Roslan Ibrahim, UEM Sunrise’s scattered throughout the park; these million. COO, said, “We are well aware and include Hopscotch Valley, Takraw Park The Serene Heights township mimics confident that consumers still prefer and Gasing land. Unique recreational a ‘kampung’ setting within an urban and are looking for affordable landed parks such as the Wellness Garden, location – the development boasts homes.