DOCSLIB.ORG

Sustainability Statement S P Setia Berhad 2019 Governance Sustainability Statement Financial Statements Shareholders’ Information

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sustainability Statement S P Setia Berhad 2019 Governance Sustainability Statement Financial Statements Shareholders’ Information Sustainability Statement S P Setia Berhad 2019 Governance Sustainability Statement Financial Statements Shareholders’ Information SUSTAINABILITY STATEMENT ECONOMIC ENVIRONMENTAL SOCIAL This Sustainability Statement provides S P Setia Berhad’s stakeholders insights about our sustainability performance in a transparent and accountable manner. It covers our journey in sustainability management including stakeholder engagement initiatives and implementation of economy, environment, and social (“EES”) programmes which are crucial to our business sustainability. We live by our philosophy LiveLearnWorkPlay with everything that we do, we strive to strike a balance to ensure all of our stakeholders’ needs are being fulfilled. Reporting Period Since our first Sustainability Statement published in 2016, we have engaged external consultants to perform an This statement describes S P Setia Berhad’s sustainability annual gap analysis and identify any improvements required activities for the period from 1 January 2019 to 31 December based on the sustainability frameworks and standards. 2019. The sustainability objectives, strategies and action plans Reporting Scope established in the coming years would take into consideration S P Setia Berhad has considered key sustainability matters these global sustainability practices. This is further explained and standards in accordance with: in the “Moving Forward” section. Bursa Malaysia Sustainability Listing Requirements; and • Feedback Bursa Malaysia’s Sustainability Reporting Guide (2nd • Stakeholders’ feedback is important to us. We welcome edition). any feedback on this Statement and any aspect of our sustainability performance. Please address all feedback to We envisage to achieve the best in our sustainability our Management Risk Team at groupriskmanagement@ initiatives. As part of these efforts, we have initiated to spsetia.com. review our business processes and operations to consider the following key sustainability frameworks and standards that are globally adopted: • Global Reporting Initiative (“GRI”); • United Nations Sustainable Development Goals (“UNSDG”); and • Global Real Estate Sustainability Benchmark (“GRESB”). The information and figures in this statement refer to S P Setia Berhad and its active ongoing projects within Malaysia, Vietnam, Singapore and Australia, unless otherwise stated. The ‘RM’ sign used in this report refers to Ringgit Malaysia which is also the functional currency. INTEGRATED ANNUAL REPORT 121 Key Message Overview Key Highlights Management Discussion & Analysis Ensuring Integrity & Governance Governance Sustainability Statement Financial Statements Shareholders’ Information SUSTAINABILITY STATEMENT Our Sustainability Journey AT A GLANCE S P Setia Berhad manages sustainability matters through our established sustainability implementation roadmap as We initiated various programmes and initiatives to enable achievements of our sustainability objectives. Key highlights summarised below: of our achievements include: ECONOMY Establishment of Formalisation of Identification of sustainability objectives, governance structure stakeholders A total of policies and strategies RM 246.56million 26 awards Spent over a period of 3 years on providing various (2018 – 21 awards) received by S P Setia Group for its infrastructures in our projects including highway exemplary achievements in environmental and social connectivity, public transportations, health institutions sustainability Development of Conduct materiality Prioritisation of and schools sustainability indicators assessment sustainability matters and targets ENVIRONMENT We strive to allocate We recorded up to We planted more than 82 species 20,000 Formulation of 10% Green (2018 – n/a) of birds food and nectar plants and Monitor action plan sustainability action Track KPI and targets visiting the parks and propagated 1,000 plants for implementation status Areas plans in our projects lakes in some of our butterflies living in some of Eco-series projects our Eco-series projects In FY 2019, our emphasis was on strengthening the sustainability governance framework within S P Setia Berhad to We recorded up to We consumed a total of We used a total of ensure effective accountability, oversight and monitoring of the sustainability matters within the Company. The tasks involved include alignment of sustainability objectives with the business goals and strategy, establishment of sustainability 27 species 38.67 1.03 3 of fishes in million kW/h million m policies and procedures, formalisation of reporting structure, roles and responsibilities; and implementation of the (2018 – n/a) some of our Eco-series (2018 – 32.03 million (2018 – 0.89 million m3) sustainability programmes in a more structured approach. projects kW/h) of electricity in of water in our sales our sales galleries, site galleries, site offices and Our inclusivity extends beyond our clients and employees. Specific stakeholders relevant to different aspects of the offices and commercial commercial spaces Company’s business such as investors, regulators and the wider communities were engaged on a regular basis to ensure spaces business-as-usual without sacrificing their needs and requirements. SOCIAL We conducted a materiality assessment during the year and the Company’s top ten (10) material sustainability matters were identified enabling the sustainability management within S P Setia Berhad to be more focused and targeted. We achieved We provided S P Setia Berhad acknowledges that sustainability management is an on-going process and strive to continuously 43% enhance, review and update its sustainability practices within the Company. 0 74,937 female training hours major (2018 – 44%) employees (2018 – 73,770) to incidents are employed in develop and upskill our in our projects S P Setia Berhad people We held RM13.90 million disbursed in our S P Setia Foundation 127 community since 2014 for the #StandTogether programmes campaign and Setia Caring School (2018 – n/a) for buyers of our projects and Programme the general public 122 S P SETIA BERHAD 2019 INTEGRATED ANNUAL REPORT 123 Key Message Overview Key Highlights Management Discussion & Analysis Ensuring Integrity & Governance Governance Sustainability Statement Financial Statements Shareholders’ Information SUSTAINABILITY STATEMENT GOALS AND PROGRESS Sustainability Framework As part of our sustainability improvement programmes, we identified and aligned the following sustainability principles, S P SETIA BERHAD SUSTAINABILITY FRAMEWORK strategies, activities and key performance indicators to measure our achievement. Sustainability Agenda Economy Our Stakeholders Sustainability Key Business Processes Strategies/Activities Performance indicators Products and Services principle Governance Economic Growth and Benefits Anticipate and Integrate • Accessible developments – infrastructure • Customer satisfaction survey > 80/100 respond to the sustainability Startegic Planning Procurement change in accessibility such as roads and public • More than 10% of developments allocated goals into transportation access to green spaces and amenities Business Shareholders & RISKS AND OPPORTUNITIES Policies and Procedures Creating Environment Environment Investors business communities • Green leisure developments such as parks • No. of award recognitions and certifications Contractors & process Regulatory Compliance and gardens Climate Change Suppliers • Excellent features, amenities and facilities Biodiversity Reporting and Monitoring Media Employees Energy and Water Assurance and Verification Environmental- • Introduce pioneering green and sustainable • No. of award recognitions and certifications Customers Budget and Finanical Planning friendly projects • No. of birds, vegetation and other species Social RISKS AND OPPORTUNITIES Community and people consideration development • Ethics and Integrity Risk Management Human Capital Business Banks & Local Local Government Providing safe and • Zero major incidents • Zero major incident Partners Analyst Community Authorities & Regulators Brand Management conducive working • Conducive working environment • Low employee turnover Community Engagement & NGOs Talent Management environment Health and Safety RISKS AND OPPORTUNITIES Security Digital Transformation • Develop talents with high ethics and integrity • Employee survey on happiness rating Retaining talent • Employee performance and retention >80/100 • No. of training hours Strengthening sustainability practices through continuous learning and improvement • Close working relationship with suppliers, • Contractors’ quality excellence >75% Delivering quality vendors and business associates • Customer satisfaction survey >80/100 products • Customer satisfaction – low defects claim A sustainability framework was developed to govern sustainability management within the Company. The sustainability framework encompasses three (3) pillars i.e. Sustainability Agenda, Our Stakeholders and Key Business Processes. S P Setia Berhad recognises that sustainability management is a continuous process and strive to refine its goals and Relevant sustainability matters are identified and categorised under the broad categories of economic, environment and performance indicators as we go along this journey. The enhancements in the sustainability process are highlighted in social. The sustainability agenda for each of the broad categories are determined as follows: the “Moving Forward” section. Economy: We emphasise on economic performance in every value
Load more

Recommended publications
  • 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]
  • Detailed Species Accounts from The
    Threatened Birds of Asia: The BirdLife International Red Data Book Editors N. J. COLLAR (Editor-in-chief), A. V. ANDREEV, S. CHAN, M. J. CROSBY, S. SUBRAMANYA and J. A. TOBIAS Maps by RUDYANTO and M. J. CROSBY Principal compilers and data contributors ■ BANGLADESH P. Thompson ■ BHUTAN R. Pradhan; C. Inskipp, T. Inskipp ■ CAMBODIA Sun Hean; C. M. Poole ■ CHINA ■ MAINLAND CHINA Zheng Guangmei; Ding Changqing, Gao Wei, Gao Yuren, Li Fulai, Liu Naifa, Ma Zhijun, the late Tan Yaokuang, Wang Qishan, Xu Weishu, Yang Lan, Yu Zhiwei, Zhang Zhengwang. ■ HONG KONG Hong Kong Bird Watching Society (BirdLife Affiliate); H. F. Cheung; F. N. Y. Lock, C. K. W. Ma, Y. T. Yu. ■ TAIWAN Wild Bird Federation of Taiwan (BirdLife Partner); L. Liu Severinghaus; Chang Chin-lung, Chiang Ming-liang, Fang Woei-horng, Ho Yi-hsian, Hwang Kwang-yin, Lin Wei-yuan, Lin Wen-horn, Lo Hung-ren, Sha Chian-chung, Yau Cheng-teh. ■ INDIA Bombay Natural History Society (BirdLife Partner Designate) and Sálim Ali Centre for Ornithology and Natural History; L. Vijayan and V. S. Vijayan; S. Balachandran, R. Bhargava, P. C. Bhattacharjee, S. Bhupathy, A. Chaudhury, P. Gole, S. A. Hussain, R. Kaul, U. Lachungpa, R. Naroji, S. Pandey, A. Pittie, V. Prakash, A. Rahmani, P. Saikia, R. Sankaran, P. Singh, R. Sugathan, Zafar-ul Islam ■ INDONESIA BirdLife International Indonesia Country Programme; Ria Saryanthi; D. Agista, S. van Balen, Y. Cahyadin, R. F. A. Grimmett, F. R. Lambert, M. Poulsen, Rudyanto, I. Setiawan, C. Trainor ■ JAPAN Wild Bird Society of Japan (BirdLife Partner); Y. Fujimaki; Y. Kanai, H.
    [Show full text]
  • IGB CORPORATION (IGB MK, IGB.KL) 6 January 2012
    PROPERTY IGB CORPORATION (IGB MK, IGB.KL) 6 January 2012 Emerging from the value trap! Company report BUY Benny Chew, CFA/ Nik Ikhwan (Upgraded) [email protected] +603 2036 2299 Rationale for report: Company Update Price RM2.49 Investment Highlights Fair Value RM3.50 52-week High/Low RM2.66/RM1.76 • We are upgrading IGB Corporation (IGB) from HOLD to Key Changes BUY, and raised our fair value from RM2.30/share to Fair value RM3.50/share based on a 22% discount to our NAV of EPS unchanged RM4.50/share. YE to Dec FY10 FY11F FY12F FY13F • IGB is distinctively undervalued (consensus NAV: RM3.80- RM4.80) despite its portfolio of prime properties. But, the Revenue (RMmil) 719.4 723.8 790.1 823.5 lack of proactive initiatives to crystallise its deep- Core net profit (RMmil) 174.3 171.9 182.3 187.0 EPS (Sen) 11.7 11.4 12.1 12.4 embedded value has engendered a ‘value trap’ stigma. EPS growth (%) 9.7 (2.1) 5.8 2.6 This would soon change, we believe. Consensus EPS (Sen) 13.1 14.5 15.5 DPS (Sen) 2.5 2.5 2.5 2.5 • Triggered by the high implied capital values evident in the PE (x) 21.4 21.8 20.6 20.1 recent listing of Pavilion REIT and CapitaMall Trust and a EV/EBITDA (x) 11.3 12.0 11.0 10.7 flat interest rate cycle, IGB may be moving to optimise the Div yield (%) 1.0 1.0 1.0 1.0 ownership structure of its prime properties by embracing ROE (%) 5.6 5.2 5.2 5.1 Net Gearing (%) 10.0 6.3 11.7 9.2 REITs as tax-efficient vehicles to house its assets.
    [Show full text]
  • Dear Asian Access Staff and Guests
    Dear Asian Access Staff and Guests: Many of you have asked about optional vacation opportunities after the 40th Anniversary in Port Dickson, Malaysia. Our local event coordinator has negotiated a variety of packages you can take advantage of if you like. The first set of options revolves around two nights and three days in Kuala Lumpur. You can stay at any of a number of downtown hotels at discounted rates (from RM200 to RM350 per night and including breakfast) and choose any of the sightseeing tours listed as options 1-16. The second set of options (#17 – 21) is hotel and activity package deals (not including airfare, see each option for details of what is included, but all are two nights and three days). You will go directly from Port Dickson to the KL Airport and take a flight to whichever destination that you choose among the various destinations. This is initial information. If you are interested, please let me know and I will give you instructions on how to obtain more information or to make reservations. In Christ, Elliott Snuggs (626)914-8990 x222 [email protected] Package Code Number 01 to 16 Short tour with choices of destinations: 01. City Tour – 3.5 hours 02. Country tour – 3.5 hours 03. Cultural Night Tour – 3.5 hours 04. Templer’s Park – 3.5 hours 05. Cultural & Heritage Tour – 5 hours 06. Genting Highland – 6 hours 07. A Day in Rainforest – 5.5 hours 08. Putrajaya & Agricultural Heritage park – 5 hours 09. Animal world safari & Water world – 8 hours 10.
    [Show full text]
  • Exploring Factors Influencing Recreational Participation at Templer Park, Selangor
    Proceedings of International Conference on Language, Education, Humanities &Social Sciences (i-LEdHS2021) EXPLORING FACTORS INFLUENCING RECREATIONAL PARTICIPATION AT TEMPLER PARK, SELANGOR Nawfal Kamarul Bahrain. Center of Studies for Park and Amenity Management, Faculty of Architecture, Planning and Surveying, Universiti Teknologi MARA Shah Alam [email protected] Nurul Akmaniza Mohd Nasir Center of Studies for Park and Amenity Management, Faculty of Architecture, Planning and Surveying, Universiti Teknologi MARA Shah Alam Abstract: Recreational activities are receiving much attention especially among urban communities. It is known that open green space is always capable of providing recreational opportunities to the local community. Templer Park, located between Rawang and Selayang, is seen as a strategic location to attract nearby communities from heavily populated areas to perform their recreational activities. However, the function of the park may be in doubt if the park has not successfully fulfilled the recreational needs and demands among local residents. Since more and more people are living in cities, Templer Park’s function as one of the most important green spaces in the state of Selangor must be understood because people’s interest for recreation activities is increasing too. Therefore, this study investigated the factors influencing participation in recreational activities at Templer Park. A total of 200 respondents were involved in this study by answering survey questionnaires regarding the factors that might contribute to their decision to choose Templer Park as a place for them to carry out recreational activities. Based on the data collected, this study found that the two main factors which put off respondents living nearby from coming to the park include being too busy with other chores and they thought that there was nothing interesting about the park that could attract them to go there.
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET The residential market continues to remain lacklustre with lower volume and value of transactions recorded. ECONOMIC AND MARKET INDICATORS Limited project completions and new Malaysia’s economy expanded at a launches of high end condominiums / slower pace in 2015 with Gross Domestic residences during the review period. Product (GDP) growing at an annual rate of 5.0% (2014: 6.0%). For 2016, the Government has trimmed the country’s Growing pressure on rentals amid GDP growth forecast to 4 - 4.5% due to strong supply pipeline (existing and the volatility in crude oil prices and other new completions) and a challenging economic challenges. GDP continued rental market while prices in to moderate in the first quarter of 2016, the secondary market generally posting 4.2% growth, its slowest since continue to remain resilient. 3Q2009 (4Q2015: 4.5%), driven by domestic demand. Private consumption expanded by 5.3% while private Developers adopt innovative ‘push investment moderated to 2.2%. marketing’ strategies to boost Headline inflation for April 2016 registered at sales of selected projects and 2.1%. It is expected to be lower at 2% to 3% improve revenue. this year, compared to an earlier projection Aria of 2.5% to 3.5% and will continue to remain stable in 2017. (432 units) and The Residences at The Meanwhile, labour market conditions St. Regis Kuala Lumpur (160 units). continued to weaken with more retrenchment of workers, particularly in By the second half of 2016, the scheduled the manufacturing, mining and services completions of another five projects will sectors.
    [Show full text]
  • Annual Report 2017 Group Highlights 2017
    ANNUAL REPORT 2017 GROUP HIGHLIGHTS 2017 1. SALES 4. SHAREHOLDERS FUND 7. PROFIT ATTRIBUTABLE TO RM4.92 billion RM11.94 BILLION OWNERS OF THE COMPANY RM933 million 2. REVENUE 5. EARNINGS PER SHARE 8. ENLARGED LAND BANKS RM4.52 billion 26.77 Sen 9,606 acres 3. PROFIT BEFORE TAX 6. DIVIDEND PER SHARE 9. STRONG GDV IN THE PIPELINE RM1.27 billion 15.5 sen RM128.37 billion 10. ON-GOING PROJECTS 44 projects TOTAL SALES 11. UNBILLED SALES ACHIEVED RM7.72 billion FOR FY2017 IS 12. TOTAL STRONG DYNAMIC & DIVERSIFIED EMPLOYEES RM4.92 BILLION 2,300 people COVER RATIONALE At S P Setia, the sky is not the limit. In fact, we believe that the future is limitless. Opened to the possibilities of tomorrow, we embarked on a journey of strengthening growth, anchored by the dynamic and highly-talented Team Setia and our wide range of products. Guided by our ethos, we worked together, embraced change and demonstrated our resilience in the face of challenges while at the same time, boosting our capabilities today to fortify tomorrow’s opportunities. We will continue to reinforce our strong foundations, define our path forward to build a meaningful, sustainable future, for us and for our stakeholders. CONTENT OUR BUSINESS OUR LEADERSHIP AND PEOPLE Vision, Mission & Values 3 Board of Directors 36 Corporate Profile 4 Directors’ Profiles 38 Global Presence 6 Senior Management Team Profiles 48 Corporate Structure 8 Corporate Information 11 OUR ACHIEVEMENTS AND ACCOLADES Achievements 54 OUR PERFORMANCE REVIEW Accolades 60 Chairman’s Message 12 Management Discussion
    [Show full text]
  • Public Summary Report Traceability to Plantation Assessment
    PUBLIC SUMMARY REPORT TRACEABILITY TO PLANTATION ASSESSMENT Name of Parent Company: FGV Palm Industries Sdn Bhd Name of Palm Oil Mill: Sg Tengi Palm Oil Mill Mill MPOB License No.: 500156304000 Mill Address: Rancangan Felda Sg. Tengi Selatan, Kuala Kubu Bahru, Hulu Selangor, Selangor GPS Coordinate of Palm Oil Mill: 3.58548, 101.41570 Supplied Mewah’s Refineries: Mewah-Oils Sdn Bhd (Port Klang) Assessment Date: 23rd May 2018 (Wednesday) A. Fresh Fruit Bunch (FFB) Traceability: FFB Sources Traceability Score Overall TTP Score % Own Plantations/ Estates 100% 3rd Party Plantations/ Estates Not Applicable 100% Dealers 100% Smallholders 100% Mewah’s Public Summary Report – TTP Assessment Page 1 B. Environmental Risk Analysis 1. Environmental risk assessment is carried out within the theoretical FFB catchment area (50 km radius) in Sg Tengi Palm Oil Mill using Global Forest Watch (GFW) tool. 2. The overall environmental risk ranking of Sg Tengi Palm Oil Mill is summarized as follows. Potential Environmental Risks Tree Cover Potential Tree Cover Tree Cover Rate of Tree Cover Loss on Future Loss Loss on Loss on Fire Tree Cover Loss on Primary in Primary Protected Carbon Activity Loss Peat Forest Forest Area Dense Area Medium Medium Low Low Medium Medium Medium low low The following mapping is used as an indicator to indicate the potential environmental risks of the assessed palm oil mill. Legend Malaysia peatlands (2004) Protected areas (2018) -Strict nature reserve Protected areas (2018) -Habitat and species management area Protected areas (2018) -Protected landscape or seascape Protected areas (2018) -Not reported Sg Dusun Tree cover loss (2015-2018) Intact Forest Landscapes (2000-2016) Intact Forest Landscapes Bukit Kutu -Reduction in extent 2000-2013 Intact Forest Landscapes -Reduction in extent 2013-2016 Deforestation alerts (GLAD) 2016 - Present Palm oil mills (2018) Templer Park Tree cover gain (2001-2012) Fire Alert (VIIRS) Assessed Palm Oil Mill Mewah’s Public Summary Report – TTP Assessment Page 2 C.
    [Show full text]
  • Integrated Management of Malaysian Road Network Operations Through ITS Initiatives: Issues, Potentials and Challenges
    Integrated management of Malaysian road network operations through ITS Initiatives: issues, potentials and challenges Moazzem Hossain Malaysia University of Science and Technology (MUST) GL33, Kelana Square, Kelana Jaya, PJ 47301, Selangor, Malaysia [email protected] Abstract During the last twenty five years, rapid urbanization and industrialization have resulted considerable growth of Malaysian highway network. Apart from few specialized industrial zones, most of the industrial zones are established in close proximity of the urban areas in order to ensure the smooth supply of manpower especially for the dominating manufacturing sectors. This phenomenon resulted in a number of large regional units of transport demand base involving high private motorized trips and truck dependent freight trips. The growth of car and truck trips especially in the regions including sea ports is putting tremendous pressure on the capacity of these regions’s road network which cannot be subdued by only physical extension of the network which often proved to be costly also. As a result, a number of such regions e.g. Klang Valley, Penang and Johor Baru are experiencing the problems of congestion, accidents and air pollution on their highway network. In many developed countries integrated intelligent transport system (ITS) initiatives applied to these sorts of regional bases have been claimed to be successful in alleviating those problems in a cost-effective manner. This paper will investigate the issues related to such integrated application of ITS initiatives in Malaysia on a regional basis with particular focus on Klang Valley region. Starting from the basic ITS functionality, the paper will identify the potential focus areas such as data gathering, data communication among and across jurisdictions, System flexibility, smart use of alternative routes, public-private collaboration and integration of public-private agencies in terms of regional ITS operational needs.
    [Show full text]
  • Kuala Lumpur, Malaysia's Dazzling Capital City
    CONTENTS 4 DOING THE SIGHTS 38 SENSATIONAL SHOPPING 5 Prestigious Landmarks 39 Shopping Malls 6 Heritage Sites 42 Craft Centres 10 Places of Worship 43 Street Markets and Bazaars 12 Themed Attractions 44 Popular Malaysian Souvenirs 14 TROPICAL ENCLAVES 45 EATING OUT 15 Perdana Botanical Gardens 46 Malay Cuisine 16 KLCC Park 46 Chinese Cuisine 17 Titiwangsa Lake Gardens 46 Indian Cuisine 17 National Zoo 46 Mamak Cuisine 17 Bukit Nanas Forest Reserve 47 International Cuisine 47 Malaysian Favourites 18 TREASURE TROVES 49 Popular Restaurants in KL 19 Museums 21 Galleries 52 BEYOND THE CITY 22 Memorials 53 Kuala Selangor Fireflies 53 Batu Caves 23 RELAX AND REJUVENATE 53 Forest Research Institute of Malaysia 24 Spa Retreats (FRIM) 25 Healthcare 54 Putrajaya 54 Port Dickson 26 ENTHRALLING PERFORMANCES 54 Genting Highlands 27 Premier Concert Halls 55 Berjaya Hills 27 Cultural Shows 55 Cameron Highlands 28 Fine Arts Centres 55 Melaka 29 CELEBRATIONS GALORE 56 USEFUL INFORMATION 30 Religious Festivals 57 Accommodation 31 Events and Celebrations 61 Getting There 62 Getting Around 33 ENTERTAINMENT AND 65 Useful Contacts EXCITEMENT 66 Malaysia at a Glance 34 Theme Parks 67 Saying it in Malay 35 Sports and Recreation 68 Map of Kuala Lumpur 37 Nightlife 70 Tourism Malaysia Offices 2 Welcome to Kuala Lumpur, Malaysia’s dazzling capital city Kuala Lumpur or KL is a modern metropolis amidst colourful cultures. As one of the most vibrant cities in Asia, KL possesses a distinct and charming character. Visitors will be greeted by the Petronas Twin Towers, a world-renowned icon of the country. The cityscape is a contrast of the old and new, with Moorish styled buildings standing alongside glittering skyscrapers.
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2019 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR More market activity in the high-end condominium / HIGH END CONDOMINIUM serviced apartment segment (> RM1 million) in 2018 and MARKET this momentum is expected to continue into 2019. MARKET SUPPLY AND 1H2019 saw the launches of a INDICATIONS DEMAND few high-end condominium / The Malaysian economy continues with As of 1H2019, the completion of 602 units serviced apartment projects in its growth momentum albeit at a slower of high-end condominiums / serviced Kuala Lumpur City. The projects pace of 4.7% in 2018 (2017: 5.9%). It apartments from two projects brought are generally smaller in scale, on continued to expand 4.5% in 1Q2019 the cumulative supply in Kuala Lumpur pockets of land. (4Q2018: 4.7%), supported by private to 56,786(R) units. The completed projects sector expenditure. For the whole year were Opus KL (357 units) and Residensi The prices of new launches of 2019, economic growth is expected Sefina (245 units). remain flattish as the high-end to range between 4.3% and 4.8%. In (Note: (R) The cumulative supply has residential segment continues to May 2019, the Department of Statistics been revised) be challenging. Malaysia (DOSM) rebased of the country’s gross domestic product (GDP), The scheduled completion of Sky Suites In the secondary market, the from year 2010 to 2015. @ KLCC (986 units), 8 Kia Peng (442 units), Tower 1 and Tower 2 @ Star overall transacted price of The current period of low headline Residences (1,039 units), Aria KLCC selected schemes analysed was inflation, recorded at 1.0% in 2018 (2017: (598 units), Stonor 3 (400 units), Novum lower by 1.6% when compared 3.7%), is largely due to key policies such Bangsar (729 units), TWY Mont’ Kiara to 2018 as purchasers continue as the fixing of domestic retail fuel prices (484 units), Arte Mont’ Kiara (1,706 to be spoilt for choice.
    [Show full text]
  • Malaysia Real Estate Highlights
    A comprehensive analysis of Malaysia's residential, retail, office and industrial markets Real Estate Highlights knightfrank.com/research Research, 1st Half 2020 REAL ESTATE HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Market Indications Highlights The COVID-19 pandemic is driving the global economy into recession and many countries, including Malaysia, are responding with stimulus packages to avoid a cascade of bankruptcies and emerging market debt defaults. The country’s dependency on oil revenue The recovery path of the property will further strain the government’s fiscal position amid declining oil prices. market since 2019, which was supported by the extended Home The country’s economy expanded 4.3% in 2019 (2018: 4.7%), the lowest growth since the Ownership Campaign (HOC), has global financial crisis in 2009. It weakened further to record at 0.7% in 1Q2020 (4Q2019: been thrown off by the onset of the 3.6%), reflecting the early impact of measures taken both globally and domestically to COVID-19 pandemic in 1Q2020. contain the spread of the novel coronavirus. Malaysia's economic growth for 2020, as measured by gross domestic product (GDP), is projected at between -2.0% and 0.5%. 6-month automatic loan moratorium to provide a short-term breather to The period of low headline inflation, recorded at 0.7% in 2019 (2018: 1.0%), mainly reflects borrowers impacted by the pandemic. the lapse in the impact from the Sales and Services Tax (SST) implementation. It continued to remain modest at 0.9% in 1Q2020 (4Q2019: 1.0%) due to lower fuel costs. The country’s The Central Bank has also lowered average headline inflation for 2020 is expected to turn negative due to lower global fuel the Overnight Policy Rate (OPR) thrice prices coupled with weaker domestic growth prospects and labour market conditions.
    [Show full text]