MONTH: NOVEMBER 2011 ISSUES: 11/2011

Property

News

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Issues 6: 1-31 November 2011

GENERAL ECONOMIC & PROPERTY MARKET

1. FDI for 2011 likely to be higher than last year (The Star, 29-November-2011) . ’s foreign direct investment (FDI) rose 42% to RM26.4 billion in the first nine months of 2011 from RM18.6 billion recorded during the same period last year (2010). . The FDI inflows for the 1Q 2011 and 2Q 2011 were strong at RM10.1 billion and RM11.07 respectively, it however moderate in the 3Q 2011 to RM5.17 billion . International Trade and Industry Minister Datuk Seri Mustapa Mohamed mention that 2011 FDI was expected to surpass the RM29.3 billion achieved for the whole of 2010. . Mustapha add that the good performance in FDI inflows and private investments for the first nine months

of 2011 indicated that the various initiative introduce by the government to spur economic growth were PROPERTY & GENERAL ECONOMIC MARKET showing positive results.

2. Inflation up 3.4 in October (The Star, 29-November-2011) . The country’s inflation rate as measured by the consumer price index (CPI) remained unchanged at 3.4% in October on a year-on-year basis, with prices mainly driven by the growth in the food component. . Based on The Statistics Department, month-on-month, prices were up 0.2% with food and non-alcoholic beverages as well as non-food item for October 2011 showing increases of 5.7% and 2.4% respectively when compared with the corresponding month.

3. 3Q GDP up by a surprising 5.8% (The Star, 19-November-2011) . The country’s gross domestic product (GDP) expanded by 5.8% in the 3Q ended 30 September 30 on a year-on-year basis as domestic demand remained resilient private and public sector spending expanded and uncertainty and volatility in the external front. . GDP grew a revised 4.3% in the 2Q while the economy grew 5.2% in the 1Q 2011. Bank Negara governor Tan Sri Dr Zeti Aziz said mention that the outlook for the 4Q would depend on how many developments in recent months would impact trade.

Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 1 Issues 6: 1-31 November 2011

LAND TRANSACTIONS

4. Development land sale in Seberang Perai, Pulau Pinang (Bursa Malaysia, 23-November-2011) Location Seberang Perai, Pulau Pinang Vendor Dato’ Siah Gim Eng & Datin Law Hooi Lean, Dato’ Siah Gim Eng and Datin Law Hooi Lean. Purchaser PW Nutrifarm Sdn Bhd (subsidiary of PW Consolidate Bhd) Land tenure Freehold Title details GM 1 Lot No. 873, GM 264 Lot No. 824, GM265 Lot No. 825, GM 59 Lot No. 59 and GM 60 Lot No. 60 / District Mukim of 8, District of Seberang Perai Selatan, State of Pulau Pinang. Description N/A Land area 414,363.84 sq ft @ 38,495.66 sq m Price RM4,640,275.91 @ RM11.19 per sq ft Date of SPA 23 November 2011

LAND TRANSACTIONS 5. Agriculture land sale in Klang, (Bursa Malaysia, 11-November-2011) Location Adjacent to the Sazean Business Park, Klang. Vendor Sazean Development Sdn Bhd

Purchaser Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB) (subsidiary of KPJ Healthcare Berhad) Land tenure Freehold Title details Held under HS(D) 135779 PT No. 129221, HS(D) 135781 PT No. 139223, HS(D) 135782 PT No. 129224 and HS(D) 135780 PT No. 129222 Mukim/ District Mukim and District of Klang, State of Selangor. Description The land is currently vacant. KPJSB intend to develop and construct a specialist hospital on the land. The development is expected to commence upon the completion of the proposed acquisition and will be completed 24 months thereafter. Land area 198,024 sq ft

Price RM23,762,400 @ RM120 per sq ft

Date of SPA 11 November 2011

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6. Agriculture land sale in Larut and Matang, Perak (Bursa Malaysia, 11-November-2011) Location Larut and Matang, Perak Vendor Gan Jin Yee and Chua Seng Oun

Purchaser Mega Western Resourse Sdn Bhd (subsidiary of Cam Resources Berhad) Land tenure N/A Title details GM 1447 Lot No. 1128, GM 1446 Lot No. 1110 and GM 1445 Lot No. 1109

Mukim/ District Mukim of Jebong, District of Larut and Matang, State of Perak.

Description The land comes together with planted palm oil trees.

Land area N/A

Price RM6,000,000 Date of SPA 11 November 2011

7. Development land sale in Bandar Ulu Kelang, Selangor (Bursa Malaysia, 10-November-2011) Location Bandar Ulu Kelang, Gombak, Selangor. Vendor Ukay Spring Development Sdn Bhd

Purchaser Gapadu Harta Sdn Bhd (subsidiary of Malton Berhad) Land tenure Freehold LAND TRANSACTIONS Title details Held under Master Titles PT Nos. 1344 to 1373, 1375 to 1388, 1403, 1190, 14234 and 14877 Mukim/ District Mukim of Bandar Ulu Kelang, District of Gombak, State of Selangor. Description The Master Land has been subdivided into 161 titles. All the titles to the Sub-divided Land are subjected to a restriction-in-interest wherein prior consent from the Pihak Berkuasa Negeri is required for a transfer, lease or change of the Sub-divided Land. The land is currently vacant and unoccupied. Land area 2,441,538 sq ft Price RM105,000,000 @ RM43.00

Date of SPA 10 November 2011

8. Agriculture land sale in Setul, Negeri Sembilan (Bursa Malaysia, 1-November-2011) Location Mukim Setul, Negeri Sembilan Vendor Herald Heights Sdn Bhd, Focal Realty Sdn Bhd, Amity Continental Sdn Bhd and K.L. Chan & Kok Management Sdn Bhd Purchaser Kimlun Land Sdn Bhd (subsidiary of Kimlun Corporation Berhad) Land tenure Freehold Title details Geran 161811 Lot 9671, Geran 161812 Lot 9672, Geran 161813 Lot 9673, Geran 161814 Lot 9674, Geran 161815 Lot 9675, Geran 161816 Lot 9676, Geran 190183 Lot 9677, Geran 190184 Lot 9678, Geran 161819 Lot 9679, Geran 161814 Lot 9674 and Geran 161816 Lot 9676 Mukim/ District Mukim of Setul, District of Seremban and State of Negeri Sembilan.

Description The lands are currently vacant plots.

Land area 1,858,496.77 sq ft @ 17.266 hectares Price RM27,361,387.55 @ RM14.72 per sq ft Date of SPA 1 November 2011

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RESIDENTIAL PROPERTY IN

9. Residential sale in Bukit Bandaraya, (Bursa Malaysia, 29-November-2011) Location No.4 Jalan Kapas, Bukit Bandaraya, 59100 Kuala Lumpur. Vendor Ecoship Sdn Bhd Purchaser Goldhill Achiver Sdn Bhd Land tenure N/A Title details Held under GRN 7649, Lot 40443 Mukim/ District Mukim and District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. Description The land comes together with a 2-storey bungalow. The land can only be used for residential purpose and there is no restriction in-interest on it. Land area 22,066 sq ft Price RM13,500,000 Date of SPA 29/11/2011

10. Amphil to start sale of high-end Rimbun condos (The Star, 28-November-2011)

RESIDENTIAL PROJECT NAME Rimbun Condominium Location Jalan Ampang Hilir, Kuala Lumpur Developer Amphil Corp Sdn Bhd GDV RM200 million Type Condominium Level / Block 17-storey No. of units 56

Built-up area 3,500 sq ft, 4,500 sq ft and 18,000 sq ft Developer selling price Yet to be fixed Completion date 3Q 2014 Product features Solar photovoltaic panels, rain water harvesting system, aerated concrete blocks, high ceilings, high performance glass, low volatile organic compounds paint, green label fittings, energy-efficient lighting, titanium dioxide coating, motion sensors, energy- efficient lifts, recycle bins, non-chemical swimming pool, herb garden, drip irrigation with rain sensor, naturally ventilated porch and terrace, recycled rubber humps, hybrid vehicles car park and fume An Artist’s impression of extract sensors. Rimbun Condominium Notes . Access to the entrance is via tree-lined avenues and it was surrounded by a polo club, a golf club, park, lakes, top medical centers, a number of international; schools and more. . It is also located just minutes away from all the excitement in the KLCC vicinity with all the dining, shopping, entertainment and commercial outlets. Yet, it does not have the noise and cramped condition of city living. . Rimbun has also achieved the internationally recognized green-mark gold plus provisional certification from the Building and Construction Authority, Singapore. . The building also must comply with the dictates of Conquas, which is Singapore’s construction quality assessment body.

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11. Isola 75% taken up at launch (The Edge Property, 24-November-2011) PROJECT NAME Isola Location Jalan SS16/1, Subang Developer Sime Darby Bhd GDV RM220 million Development land area 2.17 acres Tenure Freehold Type Condominium Level / Block 16-storey / 2 blocks No. of units 216 Built-up area 1,023 - 4,133 sq ft Developer selling price From 679,888 Sales performance 75% An Artist’s impression of Isola Launching date November 2011 Facilities Resort-themed podium, swimming pool, playground, multi-purpose hall, gymnasium and mini forest. Notes Isola means Island in Italian. It’s referred as Isola as it located in central location, with access to

major highways and transportation hub as well as established business district including private RESI medical and public facilities.

DENTIAL

12. Property agents see bungalow prices stabilising (The Edge Property, 20-November-2011) . Prices of bungalow on the Klang Valley’ secondary market is facing an inevitable backflash from the global economic uncertainty and changes in local government policies, real estate agents. . It is becoming more apparent until recently a sellers’ market is now looking for correction. . Prices for homes in Klang Valley had spiked in the past year, with some properties enjoying a 100% increase in capital value. Despite the economic uncertainty and government policy changes, the real estate agents remain optimistic that the long run, prices of bungalow will still rise, given the scarcity of land in the Klang Valley.

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. Below are some asking price of bungalow in selected location in the Klang Valley: Asking Price in Klang Valley Area Description Subang Property 1 Property 2 . Location: SS19, . Location: SS16, Subang Jaya . Type: Bungalow . Type: 2½-storey bungalow . Land area: 11,800 sq ft . Land area: 9,000sq ft . Built-up: 6,000 sq ft . Built-up: 5,000 sq ft . No. of bedrooms: 5 bedrooms and 4 . No. of bedrooms: 6 bedrooms and 4 bathrooms bathrooms . Selling Price: RM2.2 million . Selling Price: RM2.5 million . The units is partly furnished and comes with 24-security in the neighbourhood.

Petaling Jaya Property 3 Property 4 . Location: SS2, (close to SJK . Location: Mutiara Homes, Petaling Jaya Puay Chai) . Type: Bungalow . Type: Bungalow . Land area: 6,200 sq ft . Land area: 6,042 sq ft . Built-up: 4200 sq ft . Built-up: 2,800 sq ft . No. of bedrooms: 6 bedrooms and 6 . No. of bedrooms: 4+2 bedrooms and 4 bathrooms bathrooms . Selling Price: RM3.9million

. Selling Price: RM1.78 million . Furnished house with 24-hour security RESIDENTIAL system and located within 5 minutes drive from The Curve, Tesco Property 5 and Ikea. . Location: Tropicana Indah, . Type: Bungalow Property 6 . Tenure: Leasehold . Location: Grove Waterscape in SS23 . Land area: 4,300 sq ft . Type: Bungalow

. Built-up: 3,900 sq ft . Tenure: Leasehold . No. of bedrooms: 6 bedrooms and 5 . Land area: 5,506 sq ft bathrooms . Built-up: 4,800 sq ft . Selling Price: RM2.07million . No. of bedrooms: 6+1 bedrooms and 8 . Partly furnished with 24-hour security bathrooms feature. . Partly furnished . Selling Price: RM4.1million . Partly furnished unit with 24-hour security system with CCTV and intercom system that connects to the guard house. . Located 5 munites away from LRT station . Membership to the resident clubhouse included.

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Kuala Lumpur Property 7 Property 8 . Location: Jln Athinahapan, TTDI . Location: The Ara, Bangsar . Type: Bungalow . Type: 3½-storey bungalow . Land area: 6,000 sq ft . Built-up:3800 sq ft . Built-up:5,000 sq ft . No. of bedrooms: 4+1 bedrooms and 5 . No. of bedrooms: 6+1 bedrooms and 4 bathrooms bathrooms . Fully furnished . Partialy furnished . Selling Price: RM3.45million . Selling Price: RM4.5million . Comes with private lift, gym, sauna, . Located within 5-minutes drive from SS2 swimming pool and 24-hour security. and Tropicana Mall, Petaling Jaya.

Property 9

. Location: Kiara View, Kuala Lumpur Property 10 . Land area: 4,500 sq ft . Location: Impian Bukit Tungku, Kenny Hills . Built-up:4,200 sq ft . Land area: 5,200 sq ft . No. of bedrooms: 5 bedrooms and 5 . Built-up:4,700 sq ft bathrooms . No. of bedrooms: 5+1 bedrooms and 6 . Partially furnished bathrooms . Selling Price: RM2.8million . Selling Price: RM5.5million . Partially furnished unit with 24-hour . Comes with a swimming pool, clubhouse security system. membership and 24-hour security system.

RESIDENTIAL

Property 11 . Location: The Ara, Bangsar . Land area: 4,000 sq ft . Built-up:3,500 sq ft . No. of bedrooms: 4+1 bedrooms and 5 bathrooms . Selling Price: RM3.0 million

. Fully furnished unit with private lift, swimming pool, 24-hour security system and 4 basement parking.

Putrajaya Property 12 Property 13 . Location: Desa Anjung Putra, Putrajaya . Location: Precinct 14B, Putrajaya . Land area: 5,400 sq ft . Land area: 8,575 sq ft . Built-up: 2,567 sq ft . Built-up: 5,000 sq ft . No. of bedrooms: 4 bedrooms and 4 . No. of bedrooms: 6+1 bedrooms and 6 bathrooms bathrooms . Selling Price: RM736,000 . Selling Price: RM1.95 million . Located on hill and 10 minutes away from . Partially funished Alamanda Shopping Centre and situated on Malay reserve land.

Shah Alam / Klang Property 12 Property 12 . Location: Setia Eco Park, . Location: Ambang Botanic, Klang . Land area: 5596 sq ft . Land area: 7,200 sq ft . Built-up: 5200 sq ft . Built-up: 4,160 sq ft . No. of bedrooms: 6+1 bedrooms and 7 . No. of bedrooms: 4+1 bedrooms and 6 bathrooms bathrooms

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. Selling Price: RM2.7 million . Selling Price: RM2.7 million . Partly furnished unit with 24-hour security . Included is a 5-star neighborhood clubhouse and individual home security system membership, with facilities such as café, gym, swimming pool, playground, tennis and squash court. The units is a gated and guarded, with a three layer security system,

and is located close to the lake. Property 13

. Location: Hills Property 14 . Land area: 6,680 sq ft . Location: Saujana Zero Lot, Glenmarie . Built-up: 4,200 sq ft . Land area: 4,000 sq ft . No. of bedrooms: 5+1 bedrooms and 6 . Built-up: 3,921 sq ft bathrooms . No. of bedrooms: 5+1 bedrooms and 5 . Selling Price: RM2.98 million bathrooms . The unit is located near to the Carrefour . Selling Price: RM2.7 million hypermart. It comes with 24-hour security, . The unit comes with 24-hour security in a free golf and clubhouse membership. gated and guarded community.

13. First block of the Wharf Residence 80% sold (The Edge Property, 18-November-2011) PROJECT NAME The Wharf Residence Location Taman Tasik Prima

Developer Bolton Berhad RESIDENTIAL GDV RM105 million Type Service apartment No. of units 1,002 Built-up area 795 - 1,773 sq ft Developer selling price From RM275,130 Sales performance 80% (out of 334 units of first block)

Launching date November 2011 Facilities Swimming pool, children’s pool, gymnasium, playground, yoga zone, jogging track and a lush landscaped garden An Artist’s impression of and outside storage room for each unit located on the Wharf Residence same floor as the unit. Notes . Bolton began developing Taman Tasik Prima, an integrated township of mixed residential and commercial project built around a 200-acre lake, some 10 years ago. . The Wharf is the township’s commercial centre that sits on 15 acres of leasehold land within the 345-acre township. The integrated development comprises boutique showroom offices, flexi- office suites, the service apartments and a mall. . The first component of The Wharf, the BizWalk, made up of 32 boutique three-storey showroom office unit priced at RM2.2 million each was launched in August 2010. These units are all sold out.

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14. Exciting times ahead (The Edge Property, 13-November-2011) PROJECT NAME i-Residence, i-City, Location Northern portion of i-City, Seksyen 7, Shah Alam Developer i-Berhad GDV RM160 million Development land area 2.4 acres Type Serviced apartments and villas Level / Block 33-storey / 2 block No. of units Serviced apartment : 350 Villas: 20 Built-up area Serviced apartment : 700 - 1,500 sq ft Villas: 2,400 - 3,900 sq ft Developer selling price From 370 per sq ft An Artist’s impression of Launching date 1Q 2012 i- Residence Special features . I-Residence will feature facilities that reflect i-City’s positioning as intelligent city. It will be integrated into the IT infrastructure or technology platform which enables residents to seamlessly connect to the Web, not just to surf the Internet but for household convenience as well . This development will also feature modern architecture and views of LED lightscape garden, one of the main tourist attractions in I-City. . Resident here also will also benefit from i-City’s MSC cybercentre and international park status.

RESIDENTIAL

15. Demand for luxury residential properties expected to turn cautious (The Star, 7-November-2011) . Demand for luxury residential properties is expected to turn cautious, given the greater economic uncertainties and a tightening of credit by banks, according to DTZ Research, in Property Times market report. . The residential sector experianced significant completion in 3Q 2011 and this will put pressure in rentals,

especially in the larger prime condominium units where demand has not kept pace. . Based on the research house, there would be an increasing downrisk on prices at the higher end of the market if the condition got worse in year 2012.

High End Residential Completion in city centre Area No. of Projects Kuala Lumpur city centre 2 Mon’t Kiara 8 Bangsar 1 Total completion in 3Q 2011 (no. of units) 2,278 Another completion in end 2011 (no. of units) 58 Total completion in 3Q & 4Q 2011 (no. of units) 2,336 Incomming supply in 2012 (no. of units) 4,952

. According to the property times, the average capital value of high-end condominiums in Kuala Lumpur is generally stable at RM626 per s qft, with properties in the Kuala Lumpur city centre averagingn RM902 per sq ft. . The average rental value of high end condominium in Kuala Lumpur is stable at RM3.50 per sq ft per month but new completion will keep the rate competitive especially for larger units where demand has not kept pace with supply.

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. It is noted that to maintain or increase pricing level, developers had sorted to smaller units marketed under the guise of small-office home-office in mixed developments to appeal to younger buyers seeking more lifesytle option to investor.

16. Semi-Detached units come with private lift and centralised vacuum system (The Star, 4-November- 2011) PROJECT NAME Twin Villa, USJ One Park Location USJ 1, Subang Jaya Developer BHL Group of Companies Type 3-storey semi detached No. of units 36 Built-up area 3,772 Developer selling price RM2.388 million Special feature Twin Villa will featured a private lifts, centralized vacuum system and a whirlpool Jacuzzi as well as air- conditioning units and sanitary ware. Twin Villa Notes . Besides the Twin Villas, the entire USJ One development also consist of 61 terrace houses and two blocks of condominiums, both of which are already 90% sold. . All three developments are nestled within a gated and guarded community with its own landscaped park.

. There will be an intercom system which is linked to the security post and CCTV surveillance RESIDENTIAL system for enhanced security. . The residents of the houses can also used the facilities in the condominium like swimming pool, gymnasium and rooftop garden.

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RESIDENTIAL PROPERTY IN NORTHERN /EASTERN PENINSULAR

17. Resort lifestyle of condo a draw for westerners, say developer (The Star, 29-November-2011) PROJECT NAME Infinity Condominium Location Tanjung Bungah, Pulau Pinang Developer Hunza Properties Sdn Bhd GDV RM255 million Type Condominium No. of units 119 Completion date 2010 An Artist’s impression of Infinity Condominium Sales Performance 93% Special features . The condominium clinched the FIABCI Malaysia Property Award 2011 under the residential (high rise) category. . It had access to a 105-m long beachfront as well as a 136-m long river frontage. . Hunza and FIABCI Penang Branch used the effective microorganism (EM) biotechnology to clean the river and it is now free from sludge and the water is clearer. Notes . 65% of the buyers are foreigners which originate from United States, Australia, Belgium, Switzerland and Canada. Other foreign buyers came from countries such as Vietnam, Hong Kong, Indonesia, Korea, Macau and Singapore.

RESIDENTIAL 18. Armada Bayuemas to develop homes in Kuantan (The Edge Property, 11-November-2011) PROJECT NAME Phase 1, Bandar Indera Mahkota 2 Location Bandar Indera Mahkota 2, Kuantan, Pahang Developer Armada Bayuemas Sdn Bhd GDV RM45 million Type Terrace homes

No. of units 148 Built-up area 1,700 sq ft Land area 1,430 - 1,540 sq ft Developer selling price From RM318,000 Launching date 1Q 2012 Notes . The development within Bandar Indera Mahkota 2 has an estimation GDV of RM123 million and covers 26 acres (10.4 hectares) of leasehold land. There will be 369 homes in total when the housing estate is fully developed. . The site is situated within a mature residential area acquired from the Employees Provident Fund for RM12.1 million in May 2011. . Basic infrastructures such as roads and sewerage pipes have already been provided.

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RESIDENTIAL PROPERTY IN SOUTHERN PENINSULAR

19. Bandar Sri Sendayan on the rise (The Edge Property, 27-November-2011) . Bandar Sri Sendayan in Negeri Sembilan may not have been a familiar name to many. But that change earlier this year when the government announced that the Royal Malaysian Air Force (RMAF) base in Sungai Besi would be relocated to the township. . The 5,233 acres Bandar Sri Sendayan township is develop by BSS Development Sdn Bhd, a subsidiary of Matric Concepts Group, in a joint venture (JV) with Menteri Besar Inc Negeri Sembilan, the investment arm of the state government. The township has an estimated gross development value (GDV) RM3 billion and is to be developed over 10 to 15 years. . The freehold Bandar Sri Sendayan is not far from the more familiar Seremban 2 township, it is just a short drive from the Jusco shopping centre in the latter or about 7km from the Seremban toll. . Bandar Sri Sendayan comprises industrial (17%), residential (35%), commercial (7%), agriculture (21%), TUDM (15%) and education (5%) components. Leaving aside the tracts allocated agriculture land for the settlers, the 750 acres commercial tract sold to RMAF and about 1,000 acres for industrial purposes, Matrix Concepts will still be left with about 2,300 of the original 5,322 acres to be developed.

Development Description Components

Residential . Current residential launched features 1-storey semi-detached units with built-up 1,800 sq ft, RESIDENTIAL priced at about RM359,000 and 2-storey link homes of 2,300 sq ft priced at a little over RM300,000. . There are plans for high-end residential homes which scheduled to be launched next year, with indicative prices of around RM1 million to RM2 million. Commercial . Commercial component projects in Bandar Sri Sendayan includes the Sendayan Metropark fronting the main road (Persiaran Bandar Sri Sendayan), comprising 2 and 3-storey shop offices

that were launched end of 2010 and are currently under construction. . Besides, there are also 25 units of 2 and 2 -storey shop offices called Nusari Biz, priced from RM508,000. About 95% of the development has been taken-up. . Also under construction commercial development are Medan Nusari Community shops which include a food court, in the middle of residential precinct. All the 46 units of the Medan Community shops have been sold since there were launched in 3Q 2010 at slightly over RM200,000. Recent secondary transaction have seen the unit sold for 40% higher or over RM300,000. A corner units sold for over RM400,000 recently changed hands for over RM700,000. The community shops are expected to be completed by the end of 2011. . Other than that, there will also be a 100-acre of Merchant Square commercial development located close to 180 acres of the high end residential precinct. It will offer boutique shops, small office versatile office (SoVos) and a boulevard shops. . Another commercial hub to be developed at a later stage as the township maturs is the proposed Icon Park on a 116-acre tract. Plans are small office home office (SoHo) units, an exhibition centre, two floating restaurant separated by a lake and culture village among other features. Industrial . The 1,000 acres industrial component mention earlier will be known as Sendayan Tech Valley. It will feature eco friendly designs so people will not find a typical factory area. . There will be a pedestrian walkways and a lot of green spaces to make people feel relax. . Infrastructure work for the industrial area has started and is expected to be completed within

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next 6 months. . The first factory to built there on a 6-acre, will be for a pharmaceutical company. The ground breaking ceremony was held in July. Two international companies are currently in the midst of inking deals to build factories in the township. . The industrial development will have its own waste management centre. Public amenities . According to the developer general manager (corporate division) Teow Kim Siong, there will be a 5-storey Syariah Court Complex and local fast food chain developed next to each other. . Resident and those working in the township can also look forward to enjoy a 26-acre park called the Sendayan Green Park. There are plans for an amphitheater, viewing deck, gazebos, fitness centres and many more to come within the park. . Matrix Concepts will also own and operate a private school in Bandar Sri Sendayan as well as a2- storey 180,000 sq ft clubhouse called 1Sendayan Club. Facilities include a spa, bowling alley, therapeutic salt water wading pool and partly covered Olympic-size infinity pool.

20. Latest homes in Bandar Enstek take advantage of natural lighting (The Star, 4-November-2011) PROJECT NAME Rembulan Timur @ Enstek Location Bandar Enstek, Negeri Sembilan Developer TH Properties Sdn Bhd Type Semi-detached houses Development land area 12.54 hectare

Tenure Freehold RESIDENTIAL No. of units 124 Built-up area 2,555 sq ft (5 bedroom 5 bathroom) - 3,117 sq ft (6 bedroom 6 bathroom) Developer selling price RM622,400 - RM1,069 million Launching date November 2011 Completion date November 2013 Special feature . Spacious built area of 28% to 35% bigger than houses in Petaling Jaya and Kuala Lumpur.

. Equipped with security alarm system. Incentives . All purchasers will be entitled to free legal fees, and disbursements for Sales and Purchase Agreement, and stamp duty for the Memorandum of Transfer will be borne by the developer. Notes . Bandar Enstek is located in Negeri Sembilan which is approximately 15 minutes from the airport and less than half-an-hour from Putrajaya. It can be access via Elite, PLUS and MEX highways. . To serve the daily needs of the community, Village@Enstek, a neighbourhood commercial development, offers F&B outlets, a mini market, laundry services, clinics and spa. . As for industrial development, Techpark@Enstek covers an area 212.06 hectare, touted to have the largest cluster of local and international biotechnology companies in Malaysia.

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OMMERCIAL PROPERTY IN KLANG VALLEY

21. Office building sale in Petaling Jaya, Selangor (Bursa Malaysia, 30-November-2011) Location Bangunan Takaful Ikhlas, No. 14, Jalan 19/1, Section 19, 46300 Petaling Jaya, Selangor. Vendor Malaysian Reinsurance Berhad Purchaser Masterskill (M) Sdn Bhd Land tenure Leasehold (expiring on 29 September 2063) Title details Held under PN 3949 Lot No. 3 Mukim/ District Town and District of Petaling Jaya, State of Selangor. Description There are 6-storey office building and 2 basement levels of car park erected thereon known as Bangunan Takaful Ikhlas. The building is approximately 16 years old and it is currently tenanted. Land area 44,811 sq ft Price RM27,000,000 Date of SPA 30 November 2011

22. Office suite sale in Petaling Jaya, Selangor (Bursa Malaysia, 29-November-2011) Location Parcel No. L-0-A, Lower Ground, PJ Exchange, Persiaran Barat, COMMERCIAL 46050, Petaling Jaya, Selangor Darul Ehsan. Vendor Kiara East Property Sdn Bhd (subsidiary of PJX Property Sdn Bhd) Purchaser Sia Teong Heng Land tenure Leasehold Title details Held under Master Title No. HS(D) 233077 PT No. 7 Mukim/ District Seksyen 26, Bandar Petaling Jaya, District of Petaling, State of Selangor

Description The office suite is located on the lower ground floor level of a newly completed 33-storey purpose built office building comprising a 25- level office tower on top of 8-level retail and car-park podium plus a sub-basement level known as PJ Exchange. It was issued with the Certificate of Completion and Compliance (CCC) in October 2011. Built-up area 8,712 sq ft Price RM3,920,400 @ RM450 Date of SPA 29 November 2011

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23. Atria SoFo Suites popular with buyers (The Star, 29-November-2011) PROJECT NAME Atria SoFo Location , Petaling jaya Developer OSK Property Holdings Sdn Bhd GDV RM1 billion Development land area 2.23 hectares Tenure Freehold Type SoFo (Small office flexible office) Level / Block 16-storey/ 2 block No. of units 392 Built-up area 488 - 1,343 sq ft Developer selling price RM360,800 - RM1.0 million An Artist’s impression of Completion date 2014 Atria SOFO Special features Modular design for better space planning, high ceiling at approximately 2.8m, vertical void for better ventilation and garden terraces on selected floors. Notes The project also features a shopping gallery and entertainment facilities.

24. Influx of office space in Klang Valley worsen oversupply situation (The Star, 28-November-2011) . An influx of office space in Klang Valley is putting a downward pressure on yields.

. There were 20 million sq ft of vacant space in Klang Valley, 22.5 million sq ft of office space under COMMERCIAL construction and 25 million sq ft which had been approved for construction. . A report by CB Richard Ellis released earlier this month revealed that office yields in Kuala Lumpur prime area had been flat from 2005 until 2011, ranging from a low of 6.25% to a high of 6.75%. . The report also showed the office space vacancy rate in Klang Valley was under 13% on an average basis, which consultants said could rise one new space come in with the completion of several mega projects. . Property consultant said the entry of more office space was making the oversupply situation worse. However, the situation could be remedied if the economy performs better, thus keeping demand afloat.

. According to the DTZ Debenham Tie Lung executive director Brian Koh, in certain area yield will be pressured downward because of the glut situation. But this is also highly dependent on the location of the offices. Those located in prime areas will have less chance of coming under yield pressure. . While Khong & Jaafar managing director Elvin Fernandez did mention that the situation is not serious as the thing about property cycle is that there can be glut today but this oversupply condition can be offset if the demand returns. . Plus, the government recently earmarked several areas for commercial development such as the KL International Financial District in Jalan Tun Razak, the 100-storey Warisan Merdeka, the Sungai Besi military airport and the Rubber Research Institute land in Sungai Buloh which are expected to come onstream within the next 10 years.

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25. Office suite sale in Mont’ Kiara, Selangor (Bursa Malaysia, 25-November-2011) Location D5-5-6, 7, 8, 9, 10, Solaris Dutamas, No 1, Jalan Dutamas 1, 50480 Kuala Lumpur. Vendor B.I Packaging Sdn Bhd Purchaser ABRIC Worldwide Sdn Bhd (ABRIC) Land tenure Freehold Title details Held under Parcel No, F5-U5-04, 05, 06, 07, 08, Geran 60861, Lot No. 58690. Mukim/ District Mukim of Batu, District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. Description It is currently vacant and will be used as new corporate office for ABRIC. The building is approximately 2 years old. Land area 4,951 sq ft Built-up area 4,949 sq ft Price RM3,365,320 @ RM680 Date of SPA 25 November 2011

26. Two new towers for KLCC (The Edge Property, 23-November-2011) . KLCC Property Holdings Bhd (KLCCP) and Qatari Investment Authority will build a new retail mall plus two

towers next to the Petronas Twin Towers. The new development is set to expand the retail, office and COMMERCIAL hotel space in the KLCC development. . The two towers, one for offices and the other a hotel, will sit on the new few-storey podium retail block (with 300,00 sq ft of retail space), which will be integrated with the present Suria KLCC mall. . The new development is slated for completion by 2015. However, details on the cost of the development and specification are still being finalized and should be available in early 2012.

27. OSK to develop activity hub in (The Edge Property, 20-November-2011) PROJECT NAME Pan’gaea Location Persiaran Bestari (western park of Cyberjaya) Developer OSK Property Holdings Bhd GDV RM1.2 billion Development land area 16 acres Tenure Freehold Type Mixed development: Phase 1: Serviced apartment Phase 2: 4-storey shop house in a podium Phase 3: Serviced apartment Phase 4: Office tower & hotel An Artist’s impression of Phase 5: Retail mall with NLA: 500,000 sq ft Pan’gaea No. of units Phase 1 & 3 : 800 Built-up area Phase 1 (Solstice) : 450 sq ft (1 room) - 880 sq ft (duplex 2+1 room) Developer selling price Phase 1 (Solstice) : RM188,000 - RM450,000 Completion date 2016 Facilities Phase 1 (Solstice) : A 50m infinity pool, pool bar, hanging gazebo, reflexology path, gym squash court, launderette, conveniences store and business lounge.

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Special features Phase 1 (Solstice) : Large windows to maximize natural lighting and sky garden terraces on each floor. Notes . In terms of Green Building Index-compliant, the development will have acres of landscaping and employ a rainwater harvesting system. . For phase 4, OSK Property aims to get a four-star rating for its hotel and will be looking for hotel operators.

28. Banyan Tree comes to KL (The Star, 19-November-2011) PROJECT NAME The Banyan Tree Signatures Pavilion Kuala Lumpur Location Jalan Conlay and Jalan Raja Chulan Developer Lumayan Indah Sdn Bhd and Singapore-based Banyan Tree Holdings Ltd Type Private residences, serviced residences and hotel suites Development land area 1.46 acres No. of units private residences : 441 serviced residences : 51 hotel suites : 50 Built-up area Residences : 1,076 - 2,174 sq ft Developer selling price Average RM2,000 per sq ft Selling performance 80% Launching date July 2011 An Artist’s impression of COMMERCIAL Completion date 2015 The Banyan Signatures Pavilion Special feature It claimed to be the tallest residential building in the country. Kuala Lumpur A private link bridge to the Pavillion Kuala Lumpur shopping mall. Notes . Banyan Tree will operate the 50 hotel suites and manage the private and service residences, while 1 Pavilion Property Consultancy Sdn Bhd is sales and marketing consultant of the Banyan Tree Signatures Private residences.

29. Office suites with all the perks (The Star, 18-November-2011) PROJECT NAME Centro Shah Alam Location Section 14, Shah Alam Developer SCP Property Services Sdn Bhd GDV RM120 million Type duplex-flexi office suites Level / Block 20-storey No. of units 245 Built-up area 775 - 1,338 sq ft Developer selling price From 375,000 Completion date 2013 Facilities . Common business centre or meeting area, swimming pool and gymnasium at the 5th floor . 3 levels of elevated parking with 600 parking bays will be provided. . Office owner also entitle for access card for the designated parking bay each. . First and second floor would be housed with 15 retail premises comprising food outlets and financial institutions. Notes . 14 floor of the building would be filled with the duplex-flexi offices. . The duplex-flexi offices come with an elevated level that could be used as an office for a superior

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or ven a multi-purpose room. . The project is accessible via the KL-Klang Federal Highway, Sprint and Lebuhraya Kemuning Shah Alam (LKSA)

30. SP Setia to kick-start RM6 billion project earlier 2012 (Business Times, 16-November-2011) . SP Setia Bhd will kick-start the first phases of RM6 billion KL Eco City project by early of 2012. . The first phase involves the building of RM2 billion worth of high-rise residential units. . According to the SP Setia President and chief executive officer Tan Sri Liew Kee Sin, it has started the preliminary works and currently it is doing the soil testing, piling work and more. . The project, which has a total gross development value of RM6 billion, is expected to take 10 years to complete. The first phase will take about 3 to 4 years to complete. . SP Setia will be investing more than RM150 million to build dedicated interchanges to directly link KL Eco City to all major expressways coupled with an internal two-tier road system.

31. Sunrise uveils RM1.3 billion project in the city centre (The Edge Property, 9-November-2011) . Sunrise Bhd, a wholly-owned unit of UEM Land Holdings bhd, has unveiled plans for its new landmark project, Angkasa Raya, which has an estimated gross development value of RM1.3 billion and is poised to be

the group’s new flagship development. COMMERCIAL . Angkasa raya is situated at the intersection of Jalan Ampang and Jalan P Ramlee, directly across the Petronas Twin Tower, the building will be the 1.559-acre of the former Angkasa raya, which was demolished in August 2011. . According to Datuk Tong Kooi Ong, chairman of Sunrise, the development will integrate a Grade A premium office, a luxury hotel over 200 five-star suites over 280 high end serviced residences, signature

retail spaces and three sky levels. . Designed by renowed architect Ole Scheeren, founding principal of An Artist’s impression of architectural firm Büro Ole Scheeren, the building comprises five distinct Angkasa Raya elements- three floating tower blocks and two multi-level zones of open horizontal slabs. . The offices designed in alignment with sustainable architectural principles, are targeted at multinational companies, while the high end- serviced residences are sized from 500 to 2,000 sq ft. . The development is aiming for the Green Building Index certification. In line with its green practices, the tower facades are clad with modular aluminum sun-shading, geometrically optimized and carefully oriented to reduce solar heat gain.

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32. Exciting times ahead (The Edge Property, 13-November-2011) . Work on the 1,000,000 sq ft of i-City Mall begin in early 2012 and expected to complete by 2014. . Designed with a new dedicated ramp leading traffic from Klang directly into the mall’s car park to improve the accessbility and commercial viability. . The mall has also been designed to fit into contours of the hilly terrain and it will eventually aim for the Malaysian Green Building Index Centification. . Unique of the mall is the natural feature as the developer has decide to incorperated about half a kilometre of the Sungai Rasau, which flows between the mall and the Federal Highway about 1km, so half of this rivefront will be incorperated into the mall. . The mall will ne kept ny the develop as an investment property for recurring income. . The proposed mall is part of a 3,000,000 sq ft mixed-used development that comprises retail outlets, offices, hotel and residences. . The i-City Mall will house various attractions that make up i-City’s tourism/recreational component. This includes more LED lightscape, theme park rides and the popular SnoWalk attraction. . To recap i-City’s development area was initially 7.5 million sq ft, but with the increase in the plot ratio, the development area has been raised to about 11 milliion sq ft. The GDV of i-City has therefore been raised to about RM3 billion from RM2 billion previously. . When completed the development will offer office towers, shop offices, hotels, a data centre hub, technology centre, serviced residences and regional shopping mall. Those completed so far include Phase 1 of

COMMERCIAL the Cybercentre Office Suites, comprising six blocks of 3 to 5-storey shop offices with a net lettable area of 300,000 sq ft and 44 retail units; Phase 2 which offers another 200,000 sq ft of shop offices; and a 50,000 sq ft data centre. The developer is currently looking for institutional investors for three blocks of offices, offering 150,000 sq ft of space. . To date, only 20% of i-City has been developed, with about

10 years to go before completion, so one can expect more An Artist’s impression of i-City exciting times ahead for the city within the city of Shah Alam.

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HOTEL

33. Five-star hotel offers Balinese-inspired units with private pools (The Star, 23-November-2011) . The 323-villa Grand lexis, whose Balinese-inspired unit comes with private pools, was officially opened in Port Dickson recently. . The five-star hotel, previously known as the Legend International Water Homes, and which commands a majestic view of Malacca Straits, now offers tourist 166 water homes, 188 garden homes and 39 skypool villas to choose from to make their stay a memorable one. . The hotel as well as its sister property The Lexis Port Dickson located adjacent to it were built by KL Metro (KLM) group at cost RM300 million and were already landmarks in this resort town. . Menteri Besar Datuk Seri Mohamad Hasan said that the two hotels had received some 550,000 guest with more than half being foreigners, was testimony that Port Dickson was an attractive holiday destination. . Since opening its door in November 2009, Grand Lexis has attracted tourist from 59 countries, with majority being from the Asia-Pacific region.

34. Hotel chain opens in (The Star, 16-November-2011) PROJECT NAME Best Western Plus in Port Klang Location 1 Gateway Klang, Port Klang Level/Block 31-storey No. of rooms 139

Opening Date 2015 HOTEL Facilities Reception lobby on the ground floor whilst the sky lounge, fitness center and swimming pool are located on the 18th floor. Notes Best Western International is a chain with 4,000 independently-owned and operated hotels around the world. Best western Plus is suitable for Port Klang as it is a Free Trade Zone and surrounded by other international business development at 1 Gateway. 1 Gateway is the latest and arguably the most exciting new development located on 7 hectares of prime land with two towers and a built-up area of more than 400,000 sq ft.

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35. 10 new hotels in M’sia for Accor (The Edge Property, 1-November-2011) . International hotel operator Accor announce its plans to establish 10 new hotels in Malaysia as part of its robust expansion plan in the country. . According to Accor Malaysia, Indonesia & Singapore vice president Gerard Guillouet, the ten new hotels will add significant to Accor’s presence in Malaysia, as the success of its four existing hotels provides the confidence to aggressively expand its network of hotels in Malaysia. . The 10 hotels announced together with their forecasted date of completion are:

No. of No Hotels Year rooms 1 Pullman Kuala Lumpur 513 2012 2 Ibis Styles Fraser Business Park Kuala Lumpur 500 2012 3 Ibis Styles Cheras 156 2012 4 Novotel Melaka 320 2013 5 Novotel Klang Valley 1 Gateway 187 2013 6 Ibis Styles Johor Bahru 179 2013 7 Ibis Styles Kota Kinabalu Inanam 165 2013 8 Ibis Styles Lahad Datu 108 2013 9 Ibis Styles Ipoh 118 2013 10 Pullman Port Dickson 318 2014

HOTEL

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INDUSTRIAL

36. Industrial land sale in Bidor, Perak (Bursa Malaysia, 23-November-2011) Location PT 764, Taman Perindustrian Ringan, Jalan Sungkai, 355000, Bidor Perak Vendor Palker Sdn Bhd (subsidiary of Yee Lee Palm Oil Industries Sdn Bhd) Purchaser Multisafe Sdn Bhd Land tenure Leasehold Title details PN 310157 Lot 10737 (formerly held under HS(D) BP 345/81 PT 764) Mukim/ District Mukim of Bidor, District of Batang Padang, State of Perak. Description The subject property comes together with factory building which is approximately 28 years. Land area RM435,593.92 @ 40,468 sqm Price RM2,000,000 Date of SPA 23/11/2011

37. Najib underlines six high impact programmes to boost SME growth (The Star, 23-November-2011) . Prime Minister Datuk Seri Najib Tun Razak today underline six high impact programmes that will boost the growth of small and medium enterprises (SME) to 8.7% by 2020. INDUSTRIAL . He said the programmes were among 32 key measures that the government would introduce to achieve the new SME growth target which would be achievable through Phase Two of the SME Masterplan (2012 - 2020). . The programmes include:

High Impact Programmes for SME  Integrated registration and licensing of business aimed at creating a one-stop registration centre through the MyCOID business registration system.  Business Licensing Electronic Support System (BLESS).  Technology commercialization platform run by the private sector to promote innovative ideas from the proof- of-concept stage to commercialization.  SME Investment programme to provide seed funding potential SME.  A going export programme will focus on exporters and SMEs intending to venture into new market overseas.  A catalyst programme will aim at creating local champion through a more focused approach on financing support and access to market and human capital development.

. Inclusive innovation will be specially created to enable the 40% lowest-income group make use of innovation to encourage transformation in the community including micro businesses in rural areas through handholding and technical and operational support. . Najib mention that SME development was very important because 99% business in the country were contributed by sector. . By achieving the SME development target, it would meet the macro target stipulated under the masterplan, namely to raise SME contribution to GDP from 32% in 2010 to 41% in 2020.

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38. Industrial Land sale in Sungai Buloh, Selangor (Bursa Malaysia, 8-November-2011) Location Kg Baru Sungai Buloh, Selangor. Vendor Chow Thin, Chow Sang and Chow Tuck Chor

Purchaser Sunwish Venture Sdn Bhd (subsidiary of Sinaria Corporation Berhad) Land tenure Leasehold (expiring on 18 September 2055) Title details Held under HSM 9550, PT 2371 Mukim/ District Kg. Baru Sungai Buloh, Mukim of Sungai Buluh, District of Petaling, State of Selangor. Description The land is currently occupied by the Vendors. It will be developed as warehouse and distribution centre by Sinaria Group to cater its sales in Central and Southern Peninsular. Land area 147,659 sq ft Price RM6,500,000@ RM44.02 Date of SPA 8 November 2011

39. Factory sale in Seksyen 15, Shah Alam, Selangor (Bursa Malaysia, 4-November-2011) Location No. 63, Jalan Sesiku 15/2, Seksyen 15, 40200 Shah Alam, Selangor Darul Ehsan. Vendor Paint Marketing Company (M) Sdn Bhd

INDUSTRIAL Purchaser Tatt Giap Group Sdn Bhd (subsidiary Tatt Giap Hardware Sdn Bhd) Land tenure Leasehold (expiring on 24 September 2066) Title details Held under HS(D) 167366 Lot No. PJ. 63/65 Mukim/ District Mukim of Damansara, District of Petaling, State of Selangor. Description The property is an industrial land with a 1-storey detached factory and 2-storey office and it is free from all encumbrances. The

buildings are used as office and storage of paint products. The buildings are approximately 37 years old. Land area 87,120 sq ft Built-up area 42,471 sq ft Price RM12,200,000 Date of SPA 4 November 2011

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INFRASTRUCTURE & AMENITIES

40. More lanes on LDP to help ease congestion (The Star, 21-November-2011) . The 2km stretch of the Damansara-Puchong Highway (LDP) between and the Penchala Interchange will have eight lanes with three on the far right segregate for mainline traffic heading to to ease congestion caused by traffic weaving in and out. . Lingkaran Trans Kota Sdn Bhd (Litrak) group head of communication Shah Rizal Mohamed Fawzi, said that four lanes were being built on the slip road to add to the existing four. . According to Shah Rizal:  The first three lanes will be for mainline traffic, the next two will lead to the Penchala Link while the last three will lead to Mutiara Damansara, Kota Damansara and the ramp that connects to the LDP leading to Kepong.  Main traffic lanes also will be widened by about 800m from the Penchala Interchange to the Penchala Toll Plaza to provide a fourth lane for the coming from the new ramp to Kepong.  Traffic from Persiaran Surian will have to use the new ramp to Kepong due to the segregation. This is INFRASTRUCTUREAMENITIES & part of the second phase (package B) of RM300 million upgrading work on the LDP, also known as LDP 5.  The new bridge to Kepong is schedule to be completed in April and overall upgrading by the end of August.  To facilitate the upgrading work, 170m of one of the two ramps from LDP to Penchala Link (Sprint Highway) will be temporary closed from the Nov 23 to June 22 in 2012.  50% of the work have been completed it is on target. . He also add, motorist coming from Persiaran Surian had the option of connecting to the Penchala Link by turning left at PJU7/1 and turning right into Jalan PJU 7/9 which leads straight to the Penchala Link. . Daily traffic between and Kepong had more than double in last 10 years, from 60,000 to 135,000 vehicles daily, due to the rapid development in the surrounding areas.

41. Gleneagles Hospital set to open two more hospitals by 2014 (The Edge Property, 14-November- 2011) . Gleneagles Hospital under its parent company, Parkway Pantai Ltd, is set to open two more hospitals by 2014 in Malaysia at an approximately cost RM700 million.

. According to the Regional Chief Executive Officer of Gleneagles Hospital cum chief executive officer of Gleneagles Kuala Lumpur, Amir Firdaus Abdullah. The new hospitals, located in Iskandar Malaysia and Kota Kinabalu, are now seeing earthworks development and by 2014 it should be fully operational. . Amir also add that the hospital in the Iskandar region will host an initial 150 beds but boast a total capacity of 300, while that in Kota Kinabalu, will have 200. . While on the Gleneagles Kuala Lumpur, the company has started the ground works to build a RM140 million, 10-storey block, specially designed for a comprehensive suite of modern healthcare facilities. The construction has started and the completion is projected for 2014.

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OVERSEAS

42. China to maintain curb on property market (The Star, 29-November-2011) . China will maintain restriction on the property market, vice-premier Li Keqiang has said, despite growing speculation that curbs could be eased to prevent a damaging slump in prices. . Real estate sales and prices have been falling nationwide due to tough restriction on purchase and bank lending, fuelling fears that the market could be collapse and send debt-laden property developers to the wall. . According to the Li, China’s property market was “in a key stage” and restrictions needed to stay in place to promote the healthy development. The policy must be maintain to prevent property prices from rising overly fast and further consolidate the result of controls. . China has introduced a range of measures aimed at bringing down property prices the last year such as bans on buying second homes in some cities hiking minimum down-payments for buyers and introducing property taxes. . However, Renmin University in Beijing did mention last week that it expected the government to relax some property market curbs next year due to concern that slumping prices could hurt growth in the world’s second largest economy. . Cash-strapped local governments were heavily reliant on revenue from land sales, and the central government would like to intervene to prevent prices from falling more than 25%. . Property investment was also a contributor to economic growth, so Beijing might act to help ensure gross OVERSEAS domestic product growth which creates jobs and prevent social unrest remain strong.

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