DOCSLIB.ORG

3Rd Quarter 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
3Rd Quarter 2020 WCT Holdings Berhad INVESTOR BRIEFING – 3rd Quarter 2020 Updated: 25/11/2020 Strictly Private & Confidential Financial Highlights Strictly Private & Confidential Segmental Results Q3 2020 (3 months) E&C PD PI&M Consolidated RM’mil RM’mil RM’mil RM’mil Revenue from external customers 296.6 86.1 40.7 423.4 Profit from operations 36.9 14.6 20.1 71.6 Share of results of associates 3.1 Share of results in joint ventures 0.5 (2.4) (7.3) (9.2) Finance costs (29.1) Taxation (11.8) Profit after taxation 24.6 Holders of Perpetual Sukuk (24.3) Non-controlling interest 1.6 Net profit 1.9 E&C – Engineering & Construction Division PD – Property Development Division PI&M – Property Investment & Management Division Strictly Private & Confidential Page 2 Segmental Results YTD 2020 (9 months) E&C PD PI&M Consolidated RM’mil RM’mil RM’mil RM’mil Revenue from external customers 803.8 229.6 128.1 1,161.5 Profit from operations 40.8 64.1 61.4 166.3 Share of results of associates 9.0 Share of results in joint ventures 0.9 (7.1) (6.7) (12.9) Finance costs (92.7) Taxation (22.7) Profit after taxation 47.0 Holders of Perpetual Sukuk (42.5) Non-controlling interest 4.7 Net profit 9.2 E&C – Engineering & Construction Division PD – Property Development Division PI&M – Property Investment & Management Division Strictly Private & Confidential Page 3 Debt to Equity (DE) Ratio As at As at 30 Sep 2020 31 Dec 2019 RM’mil RM’mil Total bank borrowing 2.8 3.1 Cash & bank balances & FD (0.6) (0.6) Net borrowings 2.2 2.4 Shareholders equity (including Perpetual 3.9 3.7 Sukuk & NCI) Gross DE Ratio 0.72 0.83 Net DE Ratio 0.57 0.66 Strictly Private & Confidential Page 4 Engineering & Construction Strictly Private & Confidential Outstanding Order Book as at 30 September 2020 Expected Outstanding Completion* RM’mil TRX, Kuala Lumpur (infra & roadway works) 2020 55 Pan Borneo Highway (66km highway from Sungai Arip Bridge to Bintulu Airport Junction) 2022 554 West Coast Expressway (Shah Alam Expressway Interchange to NKVE/FHR2 Interchange) 2022 119 Elevated Highway (Sprint Highway/Jalan Maarof to Jalan Semantan) 2021 135 MRT2 V204 & S204 2022 197 (viaduct guideway, stations, associated works - Bandar M’sia South to Kg. Muhibbah) LRT3 GS03 & GS02 2022 587 (guideway, stations, park & ride, ancillary buildings & other associated work) Jetty extention of Sapangar Bay Oil Terminal 2022 92 Total – Local Civil & Infrastructure 1,739 (34%) Pavilion Damansara Heights - Phase 1 (Superstructure) 2022 1,509 Pavilion Damansara Heights - Phase 2 (Superstructure) 2023 1,200 Retail Mall, TRX – TP02 (Superstructure and façade and blockworks) 2022 269 Retail Mall, PNB 118 (51% share) 2022 306 Others 2020 71 Total – Local Buildings 3,355 (65%) Lusail Project, Qatar 2021 47 (1%) Total External Projects 5,141 (100%) Total Internal Projects - (0%) Grand Total 5,141 (100%) * Subject to change. Strictly Private & Confidential Page 6 List of Tenders Submitted/Pending Submission (as at 6 November 2020) RM’ mil Local - Civil & Infrastructure > 6,000 Local – Building Works > 4,000 Total > 10,000 Strictly Private & Confidential Page 7 Property Development Strictly Private & Confidential Property Development - Snapshot Q1 : RM74 mil* Q2 : RM70 mil 2020 Revenue Q3 : RM86 mil Total : RM230 mil Q1 : RM13 mil* 2020 Profit Before Tax Q2 : RM15 mil Q3 : RM4 mil Total : RM32 mil Q1 : RM123 mil Q2 : RM26 mil 2020 Property Sales Q3 : RM93 mil (8 Nov 2020) Q4 : RM37 mil (as at 8 Nov 2020) Pending SPA : RM147 mil (as at 8 Nov 2020) Total Unbilled Sales Q3 : RM94 mil (30 Sept 2020) RM108 mil (as at 8 Nov 2020) Unsold Completed Inventories (8 Nov 2020) RM796 mil (as at 8 Nov 2020) * Q1 : Including land sale with revenue of RM25 million and profit before taxation of RM22 million. Strictly Private & Confidential Page 9 Property Development – 2020 Sales & Take-up Performance SALES TAKE-UP + 147 mil 500 mil CMCO (14 Oct – 6 Dec) 430 mil + 99 mil 400 mil RMCO (10 Jun – 13 Oct) 300 mil 283 mil 278 mil 242 mil 200 mil 184 mil 168 mil 149 mil 123 mil 100 mil MCO (18 Mar – 3 May) CMCO (4 May – 9 Jun) 0 mil 1Q20 2Q20 3Q20 8-Nov-20 Strictly Private & Confidential Page 10 Property Development – Y-O-Y Quarterly Sales Performance 2019 2020 400 mil 322 mil 300 mil 242 mil 200 mil 56%+ 149 mil 155 mil 123 mil 100 mil + 161% MCO + 780% (18 Mar – 3 May) 57 mil 14 mil CMCO RMCO CMCO (4 May – 9 Jun) (10 Jun – 13 Oct) (14 Oct – 6 Dec) 0 mil Q1 Q2 Q3 Q4 CUMULATIVE 3Q20 : + 56% (RM 87mil) by corresponding quarter (3Q19), despite pandemic impact since 18 Mar 20 Strictly Private & Confidential Page 11 Property Development – Clearing of Completed Inventories 1,000 mil + RM100mil (90 units) unsold Waltz (completed end 2Q20) 800 mil 845 mil 820 mil 796 mil 767 mil 752 mil 696 mil 600 mil 400 mil 200 mil 0 mil 3Q19 4Q19 1Q20 2Q20 8 3Q20Nov 20 Completed Inventories (excl. Waltz) reduced by 15% until to date Strictly Private & Confidential Page 12 Completed Inventories (as at 08 November 2020) TYPE LOCATION BAL UNIT(S) BAL NDV (RM’ mil) 1 Semi-Ds & Bungalows Klang 9 17 2 Offices Klang 19 52 3 Affordable Apartments (RSKu) Klang 54 12 4 Service Apartments Klang 40 30 5 Service Apartments Shah Alam 129 83 6 Service Apartments Kelana Jaya 262 302 7 Condominiums OUG 90 100 8 Service Apartments Medini 251 200 TOTAL = 854 796 Strictly Private & Confidential Page 13 Sales Strategies 1. Amplify Online Marketing & Virtual Expo to improve leads a) Digital marketing (Facebook, Youtube, website, property platforms, online advertisements) b) Asia Virtual Property Expo (AVPE by Property Guru) 2. Launching of WCT Virtual Sales Gallery a) Interactive online sales experience with guided tour and 360 Virtual Show Units 3. Enhancing Contactless Sales Procedures & SPA Signing a) Live chat guidance throughout sales bookings, payment & subsequent execution of SPA 4. Attractive sales incentives a) Participate in HOC 2020/2021 (Stamp Duty exemption for MOT < RM 1mil & LA < RM 2.5mil) b) Easy entry package 5. Explore potential collaboration with Investment Groups 6. Campaigns & Schemes for the reduction of properties’ (completed) holding costs a) Test-Stay, Rent to Own, Sales with Tenancy Novation etc. Strictly Private & Confidential Page 14 On-going Property Projects Aronia Apartment, Bandar Parklands, Klang Description 320 units of Rumah SelangorKu (RSKu) Apartment Estimated GDV RM80 million Launch Date June 2019 Current Sales Take-up 43% Exp. Completion June 2021 Paradigm Residence, Johor Bahru Description 263 units of Service Apartment Estimated GDV RM184 million Launch Date September 2019 Current Sales Take-up 70% Exp. Completion June 2022 Strictly Private & Confidential Page 15 Future Property Projects Maple Residences, W City OUG @ KL Description 940 units of Condominium Estimated GDV RM940 million Launch Date 1 Nov 2020 (Tower A, 303 units) 2Q2021 (Tower B, 295 units) GDV = RM 11bil Total Resi Units = 12,500 Esti. Population = 46,000 Dev Period = 10 – 15 yrs Strictly Private & Confidential Page 16 Future Property Projects Hilltop 2, Mont Kiara, Kuala Lumpur Description 341 units of Condominium Estimated GDV RM660 million Launch Date 3Q2021 W City JGCC @ JB Description 971 units of Service Apartment Estimated GDV RM510 million Launch Date 4Q2021 (Tower A, 482 units) Strictly Private & Confidential Page 17 Future Property Projects Adenia Apartment, Bandar Parklands, Klang Description 181 units of Apartment Estimated GDV RM 68 million Launch Date 3Q2021 Strictly Private & Confidential Page 18 Land Bank (future development and for sale as at 08 November 2020) LOCATION DEVELOPMENT TYPE LAND AREA (ac.) 1 W City OUG @ KL Mixed 63 2 W City JGCC @ JB Mixed 10 3 Mont Kiara, KL Residential 3 4 Bukit Tinggi 1,2 & 3, Klang Mixed 103 5 Medini Iskandar, Johor Mixed 39 6 Sungai Buaya, Selangor Integrated Township 602 7 Inanam, Kota Kinabalu Residential 22 TOTAL = 842 Strictly Private & Confidential Page 19 Property Investment & Management Strictly Private & Confidential Retail Malls Bandar Bukit Tinggi, Paradigm Mall, Petaling Jaya gateway@klia2, Sepang Paradigm Mall, Johor Bahru Subang Skypark Klang Occupancy rate 100% 96% 91% 95% 92% Opening Year 2007 2012 2014 2017 Acquired Apr18 WCT Ownership 100.0% 70.0% 70.0% 100.0% 60.0% Retail Lettable 1,000,950 sq ft 670,000 sq ft 382,000 sq ft 1,287,000 sq ft 85,000 sq ft Area GLA No. of Car Parks 3,305 3,218 5,690 3,384 553 Selected Tenants Strictly Private & Confidential Page 21 Retail Malls WCT Vouchers Bonanza Sales 2020 WCT Malls are offering great value to all of you with our Vouchers Bonanza Sales*! 20% Off with minimum purchase of RM200 WCT Buddy e-voucher at participating malls including Paradigm Mall PJ, Paradigm Mall JB, gateway@klia2 & Subang Skypark, happy shopping! This bonanza sales only until 31 Dec 2020 and voucher validity period is 3 months upon confirmation or payment. For WCT buddy sign up process, please click: https://wctmyproxy.memgate.com/Signup Click here to check out the participating outlet(s): http://paradigmmall.com.my/loyalty.aspx *Voucher shown is for illustration purpose only, actual voucher may vary. *Subject to availability on a first come, first served basis, while stocks last. Strictly Private & Confidential Page 22 Retail Malls Come and support food ordering from WCT e-shop now and don’t miss out the promo code of RM5 OFF when you place order at participating outlets, Paradigm Mall Petaling Jaya! How to make purchases via WCT e-shop? Step 1: Browse the page - Shoppers can visit and browse through www.wct-eshop.com.my and select either the home delivery or self- pickup.
Load more

Recommended publications
  • Destination: Malaysia a Great Place to Own a Property Complimentary Copy
    Destination: Malaysia A great place to own a property Complimentary copy. Complimentary copy. for sale. Not Destination: Malaysia Contents Chapter 1 Chapter 2 Chapter 4 Why choose Malaysia? 4 A fertile land for 17 What to do before 42 economic growth you buy? More bang for your buck 5 Ease of property purchase 7 Chapter 5 Tropical weather and 8 Malaysia My Second Home 44 disaster-free land Low cost of living, 9 Chapter 6 high quality of life Thrilling treats & tracks 48 Easy to adapt and fit in 10 Must-try foods 51 Safe country 11 Must-visit places 55 Fascinating culture 12 Chapter 3 and delicious food Where to look? 22 Quality education 13 KL city centre: 24 Quality healthcare 14 Where the action is services Damansara Heights: 26 The Beverly Hills of Malaysia Cyberjaya: Model 30 smart city Useful contact numbers 58 Desa ParkCity: KL’s 32 to have in Malaysia most liveable community Mont’Kiara: Expats’ darling 34 Advertorial Johor Bahru: A residential 37 Maker of sustainable 20 hot spot next to Singapore cities — Sunway Property Penang Island: Pearl 40 The epitome of luxury 28 of the East at DC residensi A beach Destination: on one of the many pristine Malaysia islands of Sabah, Malaysia. PUBLISHED IN JUNE 26, 2020 BY The Edge Property Sdn Bhd (1091814-P) Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia MANAGING DIRECTOR/ EDITOR-IN-CHIEF — Au Foong Yee EDITORIAL — Contributing Editor Sharon Kam Assistant Editor Tan Ai Leng Preface Copy Editors James Chong, Arion Yeow Writers lessed with natural property is located ranging Chin Wai Lun, Rachel Chew, beauty, a multi-cul- from as low as RM350,000 for any Natalie Khoo, Chelsey Poh tural society, hardly residential property in Sarawak Photographers any natural disas- to almost RM2 million for a landed Low Yen Yeing, Suhaimi Yusuf, ters and relatively home on Penang Island.
    [Show full text]
  • Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1St Half 2008
    Research Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1st Half 2008 Contents Kuala Lumpur Hotel • Condominium Market 2 • Office Market 5 • Retail Market 8 • Hotel Market 10 Penang Property Market 12 Retail Johor Bahru Property Market 14 Residential Office Executive Summary Kuala Lumpur • The high end condominium market stabilised in the first half of 2008 in terms of take up, capital values and rentals. • Rentals and occupancies of prime offices continued to rise due to the current tight supply of good quality office buildings. • Several retail centres located at fringes of KL City are undergoing refurbishment works to remain competitive. • The performance of the hotel industry had been resilient attributed to high tourist arrivals and receipts, which led to the increase in average room rates and occupancies. Penang • Most of the high end condominium projects which are nearing completion have been sold, with prices being revised upwards. • The retail industry performed well with higher tourist arrivals in Penang. • The asking rentals of newly completed offices with better IT facilities are ranging from RM2.50 to RM3.50 per sq ft per month. Johor • The high end residential market is gaining momentum with the positive development of Iskandar Malaysia. • Prime retail centres continued to enjoy growth in rentals and occupancies. • Office sector remains healthy at an average occupancy of 70%. 2 Real Estate Highlights - Kuala Lumpur | Penang | Johor Bahru • 1st Half 2008 Knight Frank Figure 1 Projection of Cumulative Supply Kuala Lumpur High End Condominium Market for High End Condominium (2008 - 2010) Market Indications 30,000 The high end condominium market generally stabilised during the first six months of the year with one 25,000 notable new project, The Regent Residences (across Twin Towers), recording prices in excess of RM2,500 per sq ft.
    [Show full text]
  • Kenanga Islamic Fund
    KENANGA ISLAMIC FUND ANNUAL REPORT For the Financial Year Ended 31 December 2019 cover.indd 1 3/16/20 2:28 PM KENANGA ISLAMIC FUND Contents Page Corporate Directory ii - iii Directory of Manager’s Offices iv Fund Information 1 Manager’s Report 2 - 6 Fund Performance 7 - 9 Trustee’s Report 10 Shariah Adviser’s Report 11 Independent Auditors’ Report 12 - 14 Statement by the Manager 15 Financial Statements 16 - 47 KIF_Revised13Mar2020.indd 1 16/3/2020 10:08:39 AM CORPORATE DIRECTORY Manager: Kenanga Investors Berhad Company No. 199501024358 (353563-P) Registered Office Business Office Level 17, Kenanga Tower Level 14, Kenanga Tower 237, Jalan Tun Razak 237, Jalan Tun Razak 50400 Kuala Lumpur, Malaysia 50400 Kuala Lumpur, Malaysia Tel: 03-2172 2888 Tel: 03-2172 3000 Fax: 03-2172 2999 Tel: 03-2172 3080 E-mail: [email protected] Website: www.KenangaInvestors.com.my Board of Directors Investment Committee Datuk Syed Ahmad Alwee Alsree (Chairman) Syed Zafilen Syed Alwee (Independent Syed Zafilen Syed Alwee (Independent Member) Director) Peter John Rayner (Independent Peter John Rayner (Independent Member) Director) Imran Devindran Abdullah (Independent Imran Devindran Abdullah (Independent Member) Director) Ismitz Matthew De Alwis Ismitz Matthew De Alwis Norazian Ahmad Tajuddin (Independent Norazian Ahmad Tajuddin (Independent Member) Director) Company Secretary: Norliza Abd Samad (MAICSA 7011089) Level 17, Kenanga Tower, 237, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia. External Fund Manager: Kenanga Islamic Investors Berhad Company No. 199701036457 (451957-D) Registered Office Business Office Level 17, Kenanga Tower Level 14, Kenanga Tower 237, Jalan Tun Razak 237, Jalan Tun Razak 50400 Kuala Lumpur, Malaysia 50400 Kuala Lumpur, Malaysia Tel: 03-2172 2888 Tel: 03-2172 3000 Fax: 03-2172 2999 Tel: 03-2172 3080 Trustee: Universal Trustee (Malaysia) Berhad Company No.
    [Show full text]
  • Kuala Lumpur
    Powered by Powered by Kuala Lumpur Residential Market Update January 2019 The formation of a new government following Malaysia’s recent general election is already having a positive impact Economic indicators on the economy. Nominal quarterly GDP growth for Malaysia, Malaysia-wide unemployment, inflation and the overnight policy rate Consumer sentiment has been improving following the three month tax holiday, with the introduction of the GDP Quarter-on- Malaysia Overnight zero-rating of the Goods and Services Tax (GST), effective 1.7% Quarter Growth 3.25% Policy Rate from 1st June 2018, and the re-introduction of the Sales and Q2 2018 September 2018 Services Tax (SST) on 1st September 2018. This has been reinforced by strong employment and a low inflation rate; in Unemployment Rate Inflation Rate August 2018, unemployment levels stood at 3.4% and the 3.4% August 2018 0.2% August 2018 inflation rate was low at 0.2%. In the second quarter of 2018, the Business Conditions Index Nominal GDP growth Unemployment Rate Inflation Rate 6% (BCI), published by the Malaysian Institute of Economic Research, hit its highest level for the past 13 quarters at 5% 116.3 points. In addition, the continuing development of Kuala 4% Lumpur’s new financial district, Tun Razak Exchange, looks set 3% to further boost Malaysia’s growing financial services sector. 2% Keeping pace with rapid urbanisation is the development 1% progress of transport infrastructure in Greater Kuala Lumpur 0% (GKL). The completed and on-going Light Rail Transit (LRT) and Mass Rapid Transit (MRT) lines are enhancing mobility and -1% connectivity within the region, and helping to transform GKL -2% into a sustainable and liveable metropolis.
    [Show full text]
  • The Perak Development Experience: the Way Forward
    International Journal of Academic Research in Business and Social Sciences December 2013, Vol. 3, No. 12 ISSN: 2222-6990 The Perak Development Experience: The Way Forward Azham Md. Ali Department of Accounting and Finance, Faculty of Management and Economics Universiti Pendidikan Sultan Idris DOI: 10.6007/IJARBSS/v3-i12/437 URL: http://dx.doi.org/10.6007/IJARBSS/v3-i12/437 Speech for the Menteri Besar of Perak the Right Honourable Dato’ Seri DiRaja Dr Zambry bin Abd Kadir to be delivered on the occasion of Pangkor International Development Dialogue (PIDD) 2012 I9-21 November 2012 at Impiana Hotel, Ipoh Perak Darul Ridzuan Brothers and Sisters, Allow me to briefly mention to you some of the more important stuff that we have implemented in the last couple of years before we move on to others areas including the one on “The Way Forward” which I think that you are most interested to hear about. Under the so called Perak Amanjaya Development Plan, some of the things that we have tried to do are the same things that I believe many others here are concerned about: first, balanced development and economic distribution between the urban and rural areas by focusing on developing small towns; second, poverty eradication regardless of race or religion so that no one remains on the fringes of society or is left behind economically; and, third, youth empowerment. Under the first one, the state identifies viable small- and medium-size companies which can operate from small towns. These companies are to be working closely with the state government to boost the economy of the respective areas.
    [Show full text]
  • Sendayan Techvalley
    BANDAR SRI SENDAYAN a first-class township where home is for you and your loved ones. Located within the Greater Klang Valley Conurbation in Seremban on 5,233 acres of freehold land, Bandar Sri Sendayan is planned and designed with one thing in mind; comfortable living & business friendly. A premier integrated development made complete with ample facilities and amenities, BANDAR SRI SENDAYAN is without a doubt a sanctuary of tranquil tropical living, wholesome values and most importantly, a sense of community. Families find it an oasis of fulfillment; businesses see it as a world of promising opportunities. Being Part of the Greater Klang Valley Conurbation, along the west coast of Peninsular Malaysia, where it is merely a 20-minute drive to THE MASTER PLAN OF BANDAR SRI SENDAYAN Kuala Lumpur International Airport (KLIA) and a 35-minute journey to Kuala Lumpur (KL). Located within very close proximity to existing and progressing town centres such as Cyberjaya and Putrajaya, the North-South and the proposed Senawang-KLIA Expressways offer from smoother and faster alternatives to major destinations. KUALA LUMPUR / PUTRAJAYA New Seremban Toll ( Approved New Alignment ) DESTINATION 1 KUALA LUMPUR 70 KM MALACCA 75 KM KLIA 22 KM GEORGETOWN, PENANG 369 KM PUTRAJAYA / CYBERJAYA 60 KM ISKANDAR M’SIA, JOHOR 261 KM PORT KLANG 95 KM WOODLANDS, SINGAPORE 270 KM PORT DICKSON 20 KM 21km 22km 23km SEREMBAN North South Hig 2 from NILAI KPJ LANG VALLEY Specialist Hospital hway UALA LUMPUR Seremban Toll CONURBATION & BANDAR SRI SENDAYAN Taman S2 Heights
    [Show full text]
  • P R O Je C T Op T Io N S
    04 PROJECT OPTIONS Section 4 PROJECT OPTIONS SECTION 4 : PROJECT OPTIONS 4.1 INTRODUCTION Various alignment options were identified and evaluated in the process of selecting the preferred, optimum alignment for the Project. The options varied according to the physical characteristic, socio-economic constraints and transport network design requirements of each alignment options. In addition to the alignment options, two options for railway gauge were also considered, namely standard gauge and meter gauge. 4.2 PLANNING & DESIGN BASIS During the Feasibility Study for the ECRL Phase 2, a set of planning guidelines were used to develop the design concept for the ECRL Phase 2 corridor and the alignment (Table 4-1). Table 4-1 : Planning Guidelines for ECRL Phase 2 Aspect Description Strategic position Enhancing existing railway stations close to town centers to provide connectivity for freight transport Future development To avoid encroaching on areas committed for future development Connectivity Provide connectivity to: Major urban centers Industrial clusters Sea ports and internal container depot Tourism zones Integrated transport terminals Environment Minimize encroaching to Environmentally Sensitive Areas (ESAs) such as swamp forest, river corridors, forest reserves, ecological linkages and wildlife habitats wherever possible Additionally, a set of criteria will also be used to evaluate alignment options and to determine the preferred alignment ( Table 4-2). Section 5 Project Description 4-1 Table 4-2 : Alignment Criteria for ECRL
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2015 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU KUALA LUMPUR HIGH END CONDOMINIUM MARKET (MPC) meeting in May in an effort to support economic growth and domestic HIGHLIGHTS consumption. • Softening demand in the SUPPLY & DEMAND high-end condominium With the completion of seven notable segment amid a cautious projects contributing an additional market. 1,296 units [includes projects that are physically completed but pending Madge Mansions issuance of Certificate of Completion • Lower volume of transactions and Compliance (CCC)], the cumulative expected to come on-stream. The KL in 1Q2015. supply of high end condominiums in City locality will account for circa 35% Kuala Lumpur stands at 39,610 units. (1,310 units) of the new supply; followed • Developers with niche high by Mont’ Kiara / Sri Hartamas with Approximately 45% (582 units) of the new 34% (1,256 units); KL Sentral / Pantai / end residential projects in KL completions are located in the Ampang Damansara Heights with 20% (734 units); City review products, pricing Hilir / U-Thant area, followed by some and the remaining 11% (425 units) from and marketing strategies in 26% (335 units) in the locality of KL City; the locality of Ampang Hilir / U-Thant. a challenging market with 16% (204 units) from the locality of KL lacklustre demand, impacted Sentral / Pantai / Damansara Heights Notable projects slated for completion by a general slowdown in the area; and 14% (175 units) from the Mont’ in KL City include Face Platinum Suites, economy, tight lending Kiara / Sri Hartamas locality. Le Nouvel, Mirage Residences as well as guidelines, weaker job market the delayed project of Crest Jalan Sultan The three completions in Ampang Hilir amongst other reasons.
    [Show full text]
  • Social Network Urban Lounging
    URBAN LOUNGING A FEAST FOR THE SENSES, YEARNINGS & CRAVINGS QUENCHED STEAL AWAY & Brilliant retail atriums in the integrated mall lend itself to shopping in leisure, BE CHARMED INSTEAD with a selection that will tease your whims and tickle your emotions. BY CHANCE ENCOUNTERS Amidst restful revelry, sail into languid daydreams in hideaways of artful & greens. AN ELEGANT CANVAS TO SET THE SCENE FOR LIFE’S EVER-CHANGING COMPOSITIONS SOCIAL Functional and flexible resort home living in 700 to 1,900 sf layouts. NETWORK Embellished for fulfillment with quality built-ins and dual-key unit option. WE DON’T MEET PEOPLE BY CHANCE, THEY ARE MEANT TO CROSS OUR PATHS. Recharge, bond and rejoice in Senada’s 2-acre Sky Park Garden. The perfect balance of indoor and outdoor recreation facilities – swimming pool, jacuzzi, jogging deck, gymnasium, and function room – shape carefree memories and special occasions. please propose... TQ BENEATH THE FACADE LOVE UNFOLDING EVERY HOUR LIVES UNCOVERED EVERY DAY A multi-faceted development that evokes strong emotions. Guarded with round-the-clock security, this prestigious development nestles comfortably on the pristine fairways of one of Asia’s best golf courses, TPC Kuala Lumpur. Neighbouring suburbs such as Bukit Tunku, Damansara Heights, a prime Taman Tun Dr Ismail, Sri Hartamas, Mont’ Kiara and Bangsar It will elevate you with new sensations and presents location are amongst Kuala Lumpur’s most established. Alya’s gloss is further refreshing sights, sounds, tastes and experiences. SET WITHIN KUALA LUMPUR’S enhanced by world-class amenities like international schools, From residential to retail to business, it promises MOST AFFLUENT WESTERN SUBURB, shopping malls and commercial centres, all close by.
    [Show full text]
  • CADP 2.0) Infrastructure for Connectivity and Innovation
    The Comprehensive Asia Development Plan 2.0 (CADP 2.0) Infrastructure for Connectivity and Innovation November 2015 Economic Research Institute for ASEAN and East Asia The findings, interpretations, and conclusions expressed herein do not necessarily reflect the views and policies of the Economic Research Institute for ASEAN and East Asia, its Governing Board, Academic Advisory Council, or the institutions and governments they represent. All rights reserved. Material in this publication may be freely quoted or reprinted with proper acknowledgement. Cover Art by Artmosphere ERIA Research Project Report 2014, No.4 National Library of Indonesia Cataloguing in Publication Data ISBN: 978-602-8660-88-4 Contents Acknowledgement iv List of Tables vi List of Figures and Graphics viii Executive Summary x Chapter 1 Development Strategies and CADP 2.0 1 Chapter 2 Infrastructure for Connectivity and Innovation: The 7 Conceptual Framework Chapter 3 The Quality of Infrastructure and Infrastructure 31 Projects Chapter 4 The Assessment of Industrialisation and Urbanisation 41 Chapter 5 Assessment of Soft and Hard Infrastructure 67 Development Chapter 6 Three Tiers of Soft and Hard Infrastructure 83 Development Chapter 7 Quantitative Assessment on Hard/Soft Infrastructure 117 Development: The Geographical Simulation Analysis for CADP 2.0 Appendix 1 List of Prospective Projects 151 Appendix 2 Non-Tariff Barriers in IDE/ERIA-GSM 183 References 185 iii Acknowledgements The original version of the Comprehensive Asia Development Plan (CADP) presents a grand spatial design of economic infrastructure and industrial placement in ASEAN and East Asia. Since the submission of such first version of the CADP to the East Asia Summit in 2010, ASEAN and East Asia have made significant achievements in developing hard infrastructure, enhancing connectivity, and participating in international production networks.
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 2ND HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Despite the subdued market, there were noticeably more ECONOMIC INDICATORS launches and previews in the TABLE 1 second half of 2016. Malaysia’s Gross Domestic Product Completion of High End (GDP) grew 4.3% in 3Q2016 from 4.0% Condominiums / Residences in in 2Q2016, underpinned by private 2H2016 The secondary market, however, expenditure and private consumption. continues to see lower volume Exports, however, fell 1.3% in 3Q2016 of transactions due to the weak compared to a 1.0% growth in 2Q2016. economy and stringent bank KL Trillion lending guidelines. Amid growing uncertainties in the Jalan Tun Razak external environment, a weak domestic KL City market and continued volatility in the 368 Units The rental market in locations Ringgit, the central bank has maintained with high supply pipeline and a the country’s growth forecast for 2016 at weak leasing market undergoes 4.0% - 4.5% (2015: 5.0%). correction as owners and Le Nouvel investors compete for the same Headline inflation moderated to 1.3% in Jalan Ampang 3Q2016 (2Q2016: 1.9%). pool of tenants. KL City 195 Units Unemployment rate continues to hold steady at 3.5% since July 2016 (2015: The review period continues to 3.1%) despite weak labour market see more developers introducing conditions. Setia Sky creative marketing strategies and Residences - innovative financing packages Bank Negara Malaysia (BNM) lowered the Divina Tower as they look to meet their sales Overnight Policy Rate (OPR) by 25 basis Jalan Raja Muda KL City target and clear unsold stock.
    [Show full text]
  • 160304095654TWY Brochure
    DOUBLE- STOREY DOUBLE THE STORY A quick lesson in SOLARIS the Norman language MONT’KIARA to get us started. FRENCH HARTAMAS MONT’KIARA GARDEN TWY means two. MATRADE EXHIBITION & SOLARIS DUTAMAS INTERNATIONAL SHOPPING INTERNATIONAL 1 MONT’KIARA INTERNATIONAL To say TWY, say ‘try’ with a ‘w’. CONVENTION CENTRE (PUBLIKA) SCHOOL CENTRE 28 MONT’KIARA SCHOOL MALL SCHOOL Go ahead. Try it. TWY it. 1 WHY TWY? BECAUSE TWY PROMISES THE GOOD STUFF TIMES TWO. ALL ARE DUPLEX CONDOS, ALL 484 UNITS. All fitted upstairs and downstairs. Novel landscaping on podium level and sky level. Hammocks to lower the pulse, machines to raise it. Double-storey condo living - excuse the cliché - in the heart of Mont’Kiara. Not the fringes, not the wanna be Mont’Kiara. Only at TWY. Double-storey, for double the story. Let its story unfold. Actual 360° bird’s eye view from Twy’s point of view FREEHOLD 3 EVERYWHERE, EVERYTHING, EVERYONE ON THE DOUBLE Quicker, closer, faster. It’s all about superlatives here at TWY. Take the convenience of having everything that you want located close to you and double it. That’s what TWY is all about. 5 The diversity of living in TWY is shown through the countless retail shops that are a stone’s throw away from it. From looking about to shopping around, all is available here at TWY. Tee off at the nearby golf courses or tea up at the cafés and restaurants around TWY. 7 DOUBLE The sky is only the beginning. There is no limit to the stories that can be created from each of the 50 and 48-storey THE towers of TWY.
    [Show full text]