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Make Better Decisions MAKE BETTER DECISIONS FRIDAY NOVEMBER 20, 2015 ISSUE 2050/2015 A PULLOUT EVERY FRIDAY WITH Read this copy online @ theedgeproperty.com MAKE BETTER DECISIONS PP 9974/08/2013 (032820) ep4 NEWS ep6 NEWS ep11 DEALMAKERS ep14 FEATURE Ikea in Johor and Penang Penduline’s initial 132 Finding her calling in Battersea Power Station in the next three years homes 85% sold project marketing wins international award EYES ON SECTION 13 Land for new developments is scarce in the mature area of central Petaling Jaya, but new projects are being built on former industrial sites in Section 13. See story on pages ep8 & 9. KENNY YAP/THE EDGE PROPERTY FRIDAY NOVEMBER 20, 2015 • THEEDGE FINANCIAL DAILY EP2 PROPERTY | NEWS ON NEWS ROUNDUP Go to theedgeproperty.com for more property news 2,000-acre beachfront project the Goods and Services Tax (GST). ees as our greatest asset and key to showcase the heritage and culture at www.theedgeproperty.com for Kuala Rompin, Pahang A consent award was entered be- maintaining the company’s com- of Melaka, and a Made-in-Malaysia fore the GST appeal tribunal in Pu- petitive advantage,” said Sime Darby Excellence (called Mime) exhibition trajaya on Nov 17 after the Customs Property acting managing director hall will be established within the Department agreed that the 1,279 Datuk Jauhari Hamidi. Sime Darby ZIC, said Lim. units at the 28 Boulevard project in Property human resource and ad- Pandan Perdana were intended for ministration head Ammar Ghazali Maspex Sabah showcased residential purposes. accepted the award from HR Asia RM1.6 bil of property However, purchasers will have during the ceremony. Malaysian and Singaporean-owned to pay the tax if the units are used Sime Darby Property attributes Do you think Kairos & Dashen Resources (Romp- for business and commercial pur- its success to its ability to attract and in) Bhd is looking for developers poses. Th e units are being sold for develop talent and good succession properties and hotel and theme park operators RM298,000 upwards. planning that is a result of a com- in Iskandar to jointly develop its South Oceans Best Boulevard launched the soho prehensive employee development are worth mixed-use beachfront development units in March, a month before GST scheme. in Kuala Rompin, Pahang. came into force. Lawyer Datuk Pre- buying now? Kairos & Dashen Resources tam Singh, who appeared for the Tan Sri Lim Hock San Th e inaugural Malaysian Secondary (Rompin) director Datuk Seri Mi- developer, said, “Th is is a historic given WCES Lifetime Property Exhibition (Maspex) Sabah chael Yong said the South Oceans case because this was the fi rst mat- Achievement Award 2015 which took place from Nov 13- development spans 2,000 acres of ter involving soho units to be fi led 15 at Suria Sabah Shopping Mall in commercial land on the Malaysian and decided on [before the Tribu- Kota Kinabalu showcased 3,000 prop- east coast. Th e project will be the nal],” he said. erties on the secondary market worth world’s largest eco-oceanfront de- Before GST came in eff ect, the de- over RM1.6 billion. Organised by the velopment upon completion, said veloper had written to the Customs Malaysian Institute of Estate Agents Yong on Nov 17. Department for clarifi cation and was (MIEA), it was offi ciated by deputy Property “Th e development will have six informed in May that the units were chief minister of Sabah Datuk Seri developers phases, and take seven to 10 years subject to GST. Th e developer then LBS Bina Group Bhd managing direc- Panglima Raymond Tan Shu Kiah. and their take to complete. We are in talks with a referred the matter to the tribunal in tor Tan Sri Lim Hock San has won the MIEA Sabah state chairman Hen- number of potential developers and June. — Th e Malaysian Insider World Chinese Economic Summit ry Tai said the Sabah property market on the Johor operators, and we expect to launch (WCES) Lifetime Achievement Award was cautious but prices are stable. property the fi rst product in the second half Sime Darby Property bags for his role in enhancing relations “What we are experiencing is market of next year,” he said. HR Asia award with China. Th is was announced at the result of the [market] correc- The development has an esti- the 7th World Chinese Economic tion measures by the government mated gross development value Summit which took place from Nov which we expect to run for anoth- of RM2.75 billion and will consist 10 to 12 in the UK. er one to two years. Th e value and of residential units, shop houses, a “It is a great pleasure that my volume of property transactions 1,000-room hotel, wellness centre, commitment to promote Malay- have dropped significantly and and water and forest theme parks. sia to China, especially in Guang- will continue to shrink,” he said. Kairos & Dashen Resources will dong province, is recognised by the Tai noted that a majority of resi- own and operate South Oceans. Yong Sime Darby Property won the HR well-established Asian Strategy and dential property transactions fall The Edge Communications Sdn Bhd is also founder and managing direc- Asia Best Companies to Work for in Leadership Institute (Asli),” said Lim. within the RM400,001-RM500,000 (266980-X) tor of Funtasy Island Development Asia 2015 (Malaysian Chapter) award One of Lim’s most recent contribu- segment. Some property hotspots Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Pte Ltd, which developed S$900 mil- on Nov 13 at the Intercontinental tions to enhancing Malaysia-China in Kota Kinabalu are Likas, Luyang Selangor, Malaysia lion (RM2.75 billion) Funtasy Island Hotel in Kuala Lumpur. ties includes LBS Bina Group’s project and Jalan Lintas. in Riau, Indonesia. Th e award recognises and hon- to transform Zhuhai International MIEA president Erick Kho ex- ours companies that display high Circuit (ZIC), China’s fi rst permanent pects the secondary market to catch Publisher and Group CEO Ho Kay Tat 28 Boulevard exempted levels of employee engagement and racing circuit. A memorandum of un- up with the primary market. Sta- from GST an outstanding workplace culture. derstanding for the circuit’s upgrade tistics from the National Property Editorial For News Tips/Press Releases Housing developer Best Boulevard “We are proud of this recognition. was signed between LBS Bina Group Information Centre show that 40% Tel: 03-7721 8219 Fax: 03-7721 8038 Sdn Bhd, which is building small-of- It validates our eff orts at making Sime and Zhuhai Jiuzhou Group Holdings of the RM4.3 billion of property Email: [email protected] fi ce-home-offi ce (soho) units in Kua- Darby Property a great company to Ltd in Melaka on Sept 19. transactions in Sabah last year were la Lumpur, has been exempted from work for. We always regard employ- A cultural museum, which will secondary market sales. Senior Managing Editor Azam Aris Contributing Editor Sharon Kam Editor Rosalynn Poh Deputy Editors E Jacqui Chan, Wong King Wai Assistant Editor Lam Jian Wyn If you have any real estate-related events, email us at [email protected]. Senior Writer Racheal Lee LAUNCHES & EVENTS Events listed here will also appear on theedgeproperty.com. Writers Chai Yee Hoong, Rachel Chew, Hannah Rafee, Tan Ai Leng, Natalie Khoo, Ewe Shufei Uptown Residences Open House Contact: (016) 228 9150 Off Templer Park, Selayang, Selangor Group Financial Professional Art Director Sharon Khoh Date: Nov 21 and 22 (Sat and Sun) Cornerstone International Properties Time: 10am to 5pm (Australia), Neil Migliorisi as well as Design Team Cheryl Loh, Venue: Damansara will be launching Rima at 22 Lygon Contact: (03) 5115 1118 ‘Insight on Perth property market’ Valerie Chin, Aaron Boudville, Uptown, Petaling Jaya Street, Melbourne, this weekend. Rima B & G Majestic Property will by head of project marketing Aminullah Abdul Karim, Time: 11am to 5pm is 3km from the Melbourne CBD, city be having a launch party and CBD Properties, Timothy Low. Yong Yik Sheng, Tun Mohd Zafi an Mohd Za’abah, Noorain Duasa Contact: (016) 645 9797 parks and sporting precinct, and is carnival to showcase its ready- Knight Frank Malaysia is managing close to the University of Melbourne to-move-in T-Park bungalows D’Sara Sentral Signature Corporate the re-sale and letting of units on and RMIT (Brunswick) University. at Templer Park. There will be Residences launch Managing Director Au Foong Yee the secondary market for Uptown games and prizes to be won. Deputy Managing Director Lim Shiew Yuin Residences by See Hoy Chan Sdn Bennington Residences launch Bhd. This event showcases the units Date: Nov 22 (Sun) Park Avenue and Canning Advertising & Marketing with a built-up area of between 734 Venue: SkyWorld Property Gallery, Rise (Perth) launch To advertise contact and 1,040 sq ft and the penthouses. Lot 17899, SkyArena Jalan Ayer Date: Nov 28 and 29 (next GL: (03) 7721 8000 Fax: (03) 7721 8288 Jerneh, Setapak, Kuala Lumpur Sat and Sunday) Chief Marketing Offi cer Showcase of Rima, 22 Time: 10.30 am to 4pm Venue: 4th fl oor, JW Marriot Sharon Teh (012) 313 9056 Lygon Street, Melbourne Contact: (016) 211 9872 Hotel, 183, Jalan Bukit General Manager, Digital Media Sky World Development Sdn Bhd Bintang, Kuala Lumpur Date: Nov 21 and Nov 22 (Sat and Sun) Kingston Low (012) 278 5540 Senior Sales Managers introduces the second phase of Time: 10am to 7am Venue: D’Sara Sentral Show Gallery, Geetha Perumal (016) 250 8640 SkyArena and is off ering a special Contact: (012) 383 9275 Star Avenue, No 3, Jalan Zuhal Fong Lai Kuan (012) 386 2831 rebate available only on Nov 22 for CBD Properties is marketing two U5/179, Shah Alam, Selangor Peter Hoe (019) 221 5351 interested buyers.
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