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11200 Listings in Kuala Lumpur EP 2 FRIDAY MARCH 30, 2018 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my KL ofˎ ce market struggles but Two Putrajaya Grade A co-working space demand on the rise ofˎ ce buildings worth A stronger performing economy has not helped the Kuala Lumpur offi ce RM600m up for sale property sector as it continues to struggle with an oversupply of new Two Grade A offi ce buildings in Putra- as they were unable to get satisfacto- buildings of 11 storeys and 15 sto- buildings amidst subdued leasing jaya valued at RM600 million have ry occupancy or yield, sources said. reys each, has a GFA of 1.04 million activities, said global consultancy been put on sale as their owner — a Menara Tulus, which consists sq ft and an NLA of 594,200 sq ft, fi rm Knight Frank. US-based private equity fund — is of two towers of 10 storeys and 15 and comes with 436 parking bays. In its “Asia-Pacific Prime Office unable to pay its debt, reported The storeys each, has a gross fl oor area Both buildings are freehold. Rental Index 4Q17” report, Knight Edge weekly. (GFA) of 558,059 sq ft, a net lettable Menara Tulus is held by TRW Frank has projected Kuala Lumpur Menara Tulus and Menara Ikhlas area (NLA) of 335,695 sq ft and 246 Boulevard Square Sdn Bhd while offi ce market rentals to be on a down- in Precinct 3 came into receivership parking bays. Menara Ikhlas is held by Boule- ward trend in the next 12 months. just fi ve years after their completion Menara Ikhlas, comprising two vard Plaza Sdn Bhd. “The growing mismatch between supply and demand continues to The Edge Property Sdn Bhd (1091814-P) exert pressure on overall rental and average, said Bank Negara Malaysia with the number of borrowers with middle-income households. Level 3, Menara KLK, occupancy levels. (BNM) in its “Financial Stability and at least three outstanding housing “With PR1MA HAVEN, PR1MA No 1 Jalan PJU 7/6, Mutiara “On a positive note, with rising Payment Systems Report 2017”. loan accounts — a proxy for spec- homeowners and registrants can Damansara, 47810 Petaling Jaya, Selangor, Malaysia demand for co-working space ca- The report stated that the re- ulative purchases — having grown enjoy exclusive privileges from our tering to the growing millennial jection rate of housing applications by a mere 0.9% in 2017 compared merchants, to help them create EdgeProp.my workforce, 2018 will see active en- currently stands at 23.1%, below the with 1.2% in 2016 and 15.8% in 2010, their dream homes faster and at quiries and leasing activities from 2012-2016 average of 26.1%. making up less than 3% of total discounted rates,” he added. Managing Director/Editor-in-chief Au Foong Yee co-working operators,” said Knight Reasons for rejections include housing loan borrowers. The benefits offered include Frank Malaysia executive director of insuffi cient income to support debt discounts on household appli- EDITORIAL corporate services Teh Young Khean repayment, adverse credit history PR1MA ances, furniture, kitchen cabinets, Executive Editor Sharon Kam in a press release. and inadequate income or fi nancial wardrobes and electrical appli- Editor Lam Jian Wyn launches rewards Deputy Chief Copy Editor Overall, the index has increased documentation. ances. James Chong 0.7% q-o-q and 1.1% y-o-y in 4Q17. “The improvement refl ects the programme The programme was launched Copy Editor Geraldine Tan The increase in the index was the greater alignment between bank All Perbadanan PR1MA Malaysia March 27 by Minister in Prime Min- Senior Writer Rachel Chew result of rising rents in 12 of the 20 lending standards and borrowing (PR1MA) homeowners and reg- ister’s Department Datuk Seri Sha- Writers Natalie Khoo, markets tracked over the quarter, with behaviour, in line with the Policy istrants are entitled to exclusive hidan Kassim, in conjunction with Shawn Ng, Lum Ka Kay Art Director Sharon Khoh rental declines experienced in four Document on Responsible Financ- privileges and discounts from a wide “Ekspo Jualan Perumahan — Ke Design Team markets. ing,” said BNM in the report. range of participating merchants Arah Sejuta Impian”, the largest Jun Kit, Rajita Sivan Meanwhile, financing extended through the newly launched PR1MA nationwide housing expo hosted by For New Launches/Events/ Housing loan to fi rst-time buyers for the purchase HAVEN, a rewards and recognition PR1MA. Press Releases/News Tips rejection rate of homes priced below RM500,000 programme. To enjoy PR1MA HAVEN benefi ts, email: [email protected] made up about 71% of total housing PR1MA CEO Datuk Abdul Mutal- users simply need to download the Tel: 03-7721 8211 Fax: 03-7721 8280 below average loan borrowers. ib Alias said PR1MA HAVEN is an mobile application via App Store or ADVERTISING & MARKETING The rejection rate of housing loan Speculative activities in the res- initiative to help reduce the impact Google Play and register. Associate Account Director, applications has declined to below idential market have been subdued of escalating costs of living among Advertising & Marketing Heidee Ahmad (019) 388 1880 Senior Account Manager Ian Leong (012) 359 1668 trending How do I get past issues of this weekly pullout? Account Managers Go to www.EdgeProp.my to download for free. Khairul Amilin Ismail (019) 426 5101 now Joane Tan (012) 377 2885 Maddox Wong (012) 342 2707 Joyceline Tan (012) 693 5826 Marketing Support & Ad Trafˎ c If you have any real estate-related events, email us at [email protected]. Madeline Tan (03) 7721 8218 LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. email: [email protected] NEGOTIATOR & CUSTOMER ‘A Healthier You’ double-storey linked homes Organised by UEM Sunrise Tiaraville property ADVISORY SERVICE by Beverly Group measure 20ft by 70ft. Bhd, Sukaseni supports local roadshow Senior Manager Elizabeth Lay Senior Associate Stannly Tan Date: March 31 (Sat) entrepreneurs and communities Date: March 26 to April 1 Time: 11am to 6pm Sunset Happy Hour in promoting Malaysian (Mon to Sun) For enquiries and listings Venue: Equine Residence Date: March 31 and April artisan brands and crafts. It Time: 10am to 10pm email: [email protected] GL: (03) 7721 8175/ 8172 Sales Gallery, Taman Equine, 1 (Sat and Sun) will kick off at the monthly art Venue: Aeon Bandaraya Melaka, Seri Kembangan, Selangor Time: 4pm to 8pm market at Arcoris Plaza this Jalan Lagenda, Melaka EdgeProp.my pullout is published Contact: (03) 2162 4567 Venue: Tropicana Metropark, weekend. Besides an array of Contact: (03) 8143 2299 by The Edge Property Sdn Bhd. It is available with The Edge Financial Beverly Group invites all to its Jalan Delima 1/1, Subang Hi- arts and crafts vendors, there Lion Group is having a week- Daily every Friday. The pullout Equine Residence sales gallery to Tech, Subang Jaya, Selangor will also be performances. long roadshow in Melaka that is also distributed at more than learn how to kick-start an organic Contact: (03) 7713 8888 ends this weekend. It will be 200 ofˎ ces, shopping complexes, condos, medical centres, F&B outlets lifestyle. There will be nutrition Fancy some gin and pastries? One Cochrane showcasing its residential and LRT stations in the Klang Valley. talks, healthy oats-making demo Residences launch development Tiaraville Resort You can also download it for free at www.EdgeProp.my and health screenings. Admission Date: April 1 (Sun) Homes located at the Tiara is free but seats are limited. Time: 9am to 5pm Melaka Golf and Country Club. Venue: One Cochrane Sales Serenia Amani launch ‘Gateway to the Global Th e Edge Malaysia Gallery, Jalan Cochrane, Date: March 31 (Sat) Lot 1246, Kuala Lumpur Halal Market’ talk Publisher and Group CEO Time: 8.30am to 5pm Contact: (03) 9200 8008 Date: April 5 (Thurs) Ho Kay Tat Venue: Serenia City Sales Boustead Properties Bhd will be Time: 2pm to 4pm EDITORIAL Gallery, Lot 27999, Jalan Pintas Venue: Level 1, Malaysia Editor-in-Chief Azam Aris Dengkil-Putrajaya (FT29), Bandar Tropicana Corp Bhd invites International Trade and CORPORATE Serenia, Sepang, Selangor all to have a spectacular time Exhibition Centre, Jalan Chief Operating Ofˎ cer Lim Shiew Yuin Contact: (03) 8760 0505 with friends while enjoying Dutamas 2, Kuala Lumpur ADVERTISING & MARKETING Serenia Amani is the fi rst a great sunset view at Contact: (019) 7276 769 / Chief Commercial Ofˎ cer residential launch at Sime Tropicana Metropark. RSVP (011) 3311 7363 Sharon Teh (012) 313 9056 Darby Property’s new township for free tickets via Tropicana Organised by United Malayan General Manager Kingston Low (012) 278 5540 in Sepang, Serenia City. The Corp’s Facebook page. Land Bhd, the talk focuses Senior Sales Managers on Johor’s Iskandar Halal Fong Lai Kuan (012) 386 2831 Sukaseni Sunday launching condominium project Park as an ideal investment Gregory Thu (012) 376 0614 Art Market Creative Marketing One Cochrane Residences at location for the manufacturing Chris Wong (016) 687 6577 Date: April 1 (Sun) Jalan Cochrane this weekend. and trade of halal products Head of Marketing Support Time: 11am to 8pm The registration for queue and halal-related services & Ad Trafˎ c Venue: Arcoris Plaza, 10, Jalan numbers will start at 9am while to serve markets worldwide. Lorraine Chan (03) 7721 8001 Kiara, Mont’Kiara, Kuala Lumpur unit selection will be at 1pm. Registration is free with Contact: (03) 2718 7788 limited seats available. FRIDAY MARCH 30, 2018 • THEEDGE FINANCIAL DAILY EP 3 PICTURE FOR ILLUSTRATION PURPOSES ONLY ILLUSTRATION PICTURE FOR How you can rent a property and still make capital gains hen it comes to growing personal wealth, Malaysians How can you do it all? fi rst, buy later” scheme to support youths today have plenty of opportunities and avenues.
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