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HIGH-RISE LIVING Mayland Evolves with Hampton Damansara TEP 2 FRIDAY MARCH 31, 2017 • THEEDGE FINANCIAL DAILY NEWS More thought has to be Th eEdgeProperty.com The Edge Property put into building designs SYMPOSIUM ON Malaysia PROPERTY MOHD IZWAN | TheEdgeProperty.com KENNY YAP | TheEdgeProperty.com MANAGEMENT BY LUM KA KAY Khoo: It is Chen: The 2017 crucial that lousier the PETALING JAYA: As homes are now a property design, the regarded as lifestyle investments, manager more likely greater thought has to be put into and the [it is for IS YOUR their design and fi nishing. JMB share residents INVESTMENT “Any misstep will have a long- the same or tenants] Publisher and Group CEO term impact on the liveability of the objective in to end up Ho Kay Tat homes with the ultimate being the managing a with higher maintenance cost, ineffi cient use property. maintenance. a Time of space and wastage, hampering ? movement and eventually impair- “A developer today has to provide property managers: organisation bomb ing the value of the building,” said lifestyle elements, unique design or structure; standard of procedures; Building Management Association concepts and better infrastructure income and expenses; as well as Saturday,SaS tturday AprilApril8 8, 2017 The Edge Property Sdn Bhd (1091814-P) of Malaysia (BMAM) president Tan planning to draw purchasers as well transparency and governance. Level 3, Menara KLK, No 1 Jalan 9AM SHARP — 1PM PJU 7/6, Mutiara Damansara, 47810 Sri Eddy Chen. as to raise the brand value of the “It is important to come up with Citrine Ballroom, One Petaling Jaya, Selangor, Malaysia He told Th eEdgeProperty.com company. an organisation or structure as to World Hotel, that for most high-rise stratified “A building is no longer seen as what kind of property managers Petaling Jaya buildings, the highest single recur- just brick and mortar but one that you need. Are you looking to hire a Th eEdgeProperty.com ring cost is for the maintenance of a provides a wholesome physiological professional team or individuals to Managing Director/Editor-in-Chief building throughout its life. and psychological sense of well-be- help manage your property? Au Foong Yee “Th e lousier the design, the more ing and security,” he noted. “For income and expenses, both EDITORIAL likely [it is for residents or tenants] to On the other hand, chairman of the property manager and the JMB Editor Lam Jian Wyn end up with higher maintenance, re- DN Homeowners Bhd Andy Khoo have to ensure that the collection [of Contributing Editor Sharon Kam placement and retrofi tting cost and shared that it is crucial for a property service fee] must be well maintained Deputy Chief Copy Editor James Chong this will eat into the sinking fund. manager and the Joint Management to ensure continuous operations of Senior Copy Editor “A good building design must Body (JMB) to share the same objec- property maintenance. Shanthi Murugiah incorporate, for instance, easy ac- tive in managing a property. “Finances have always been the Writers Rachel Chew, Tan Ai Leng, Natalie Khoo, Shawn Ng, Lum Ka Kay cessibility to the car park, to the lift, Established in about 2003, DN biggest challenge when it comes to Art Director Sharon Khoh common corridors and facilities,” Homeowners Bhd is the company property management hence prop- PRESENTED BY Design Team Edra, Henry Lee Chen added. that oversees the Duta Nusantara erty managers should always ask Chen will be speaking more on neighbourhood in Kuala Lumpur. themselves whether the income is For New Launches/Events/ Press Releases/News Tips building design during his session All Duta Nusantara property own- enough to meet expenses,” he said, Th eEdgeProperty.com email: [email protected] entitled “Is the devil in the building ers are members and shareholders. adding that he will share more dur- Tel: 03-7721 8211 Fax: 03-7721 8280 design?” at the upcoming Th eEdge- It is headed by an elected board of ing his session entitled “Managing Email: [email protected] Property.com Symposium on Prop- directors, which is made up of nine your property manager — dos and PARTNERS ADVERTISING & MARKETING erty Management 2017 themed “Is homeowners, who then appoints don’ts” at the symposium. Head of Marketing and Sales your investment a time bomb?”. Th e a property management team to Th e symposium will also feature Sharon Chew (012) 316 5628 symposium will be held on April 8 run the day-to-day operations of Architect Centre accredited build- Senior Account Managers Cecilia Too (012) 319 7666 at One World Hotel, Petaling Jaya. the community, including securi- ing inspector and trainer Anthony Jayne Law (016) 929 3309 The event is presented by Th- ty, landscaping and other services. Lee Tee, Chur Associates founder Account Managers eEdgeProperty.com, with partners “Objectives are what form the and managing partner Chris Tan, Jayremy Sim (011) 1669 6039 Nippon Paint Malaysia and Pana- [base] of the management commit- Singapore Association of Property Jocelyn Poo (012) 611 5626 SUPPORTING SPONSOR Marketing Support & Ad Traffi c sonic Malaysia. It is supported by tee itself. You have to organise your- and Facility Managers president Dr Madeline Tan (03) 7721 8218 Th e Edge Malaysia while the sup- self in order to make things work. Lim Lan Yuan, Malaysian Institute email: [email protected] Email : [email protected] porting sponsor is Gamuda Land. Everybody (both the JMB and prop- of Professional Property Managers Chen, who is also the group man- erty manager) should be there for (MIPPM) president Sarkunan Sub- SUPPORTED BY NEGOTIATOR ADVISORY SERVICE aging director of MKH Bhd, said the same reason,” he said. ramaniam as well as Th eEdgeProp- Senior Manager Elizabeth Lay unlike in the past, the role of a de- Khoo highlights the four points erty.com managing director and ed- Senior Associate Stannly Tan Associate Karen Wong veloper has evolved to more than that should be taken into account itor-in-chief Au Foong Yee, who will just providing basic shelter. when it comes to managing the be moderating a panel discussion. For enquiries and listings email: [email protected] GL: (03) 7721 8175/ 8172 How do I get past issues of this weekly pullout? Email: [email protected] trending Go to TheEdgeProperty.com to download for free TheEdgeProperty.com pullout is now published by The Edge Property Sdn Bhd. It is available with The Edge Financial Daily every Friday. The pullout is also distributed at more If you have any real estate-related events, email us at [email protected]. than 200 offi ces, shopping complexes, LAUNCHES + EVENTS Events listed here will also appear on TheEdgeProperty.com. condos, medical centres, F&B outlets and LRT stations in the Klang Valley. You can also download it for free at tips on ways to “minimise cash home ownership and lifestyle Group Bhd is organising www.TheEdgeProperty.com layout in overseas investments” experience. Admission is free. a carnival for its guests as well as talk about the impact featuring an assortment of of the KL-Singapore High Speed World Cuisine Carnival at international cuisines at its Th e Edge Malaysia Rail on properties in Melaka. Eco Ardence Eco Ardence Sales Gallery. EDITORIAL Date: Apr 7 to 9 (Fri to Sun) Editor-in-Chief Azam Aris Perfect Livin’17 Home & Time: 3pm to 10pm Dinosaurs Come Alive CORPORATE Hatten Group Property Lifestyle Exhibition Venue: Eco World Gallery Date: Apr 1 (Sat) Chief Operating Offi cer Lim Shiew Yuin Showcase Date: April 6 to 9 (Thurs to Sun) @ Eco Ardence, Persiaran Time: 10am to 5.30pm ADVERTISING & MARKETING Chief Commercial Offi cer Date: March 30 to April 2 Time: 10am to 9pm Setia Alam, Shah Alam Venue: SkyWorld Property Gallery Sharon Teh (012) 313 9056 (Thurs to Sun) Venue: Putra World Trade Contact: (03) 3342 5522 @ Setapak, 17899, Jalan Ayer General Manager Time: 10am to 10pm Centre, 41, Jalan Tun Ismail, KL Eco World Development Jerneh, Taman Ayer Panas, KL Kingston Low (012) 278 5540 Senior Sales Managers Contact: (012) 719 1818 Contact: (03) 8075 7375 Contact: (03) 4031 2999 Fong Lai Kuan (012) 386 2831 Venue: Permaisuri Imperial City Want complete and up-to-date Organised by SkyWorld Gregory Thu (012) 376 0614 Mall, Jalan Merpati, Miri, Sarawak products? Then, Perfect Livin’ Development, the family- Kamalesan Parama (012) 394 4855 Michael Tan (012) 213 0252 Organised by Hatten Properties, is the place to be. Perfect Livin’ friendly event will feature four Creative Marketing the property showcase will helps homeowners look for an life-sized and life-like roaring, Chris Wong (016) 687 6577 see the developer’s property up-to-date range of technologies snarling and moving animatronic Head of Marketing Support & Ad Traffi c investment personnel share and products to heighten their dinosaurs at its sales gallery. Lorraine Chan (03) 7721 8001 Email: [email protected] FRIDAY MARCH 31, 2017 • THEEDGE FINANCIAL DAILY TEP 5 COVER STORY “Despite the downtrend, many owners of these down, foreigners are happily shopping in KLCC. properties appear to be holding strong and have To them, current prices are somewhere at the KLCC high-end high-rise C not reduced their asking prices as seen in the bottom and are worth buying now. Almost all residential rental market asking prices of properties listed for sale. On the my deals closed recently were sold to foreign- ground, however, we find that owners are now ers including those from Indonesia, Dubai and takes a dive TheEdgeProperty.com more prepared to negotiate and reduce their | China,” she offers. asking prices in order to close a sale,” Tang notes. To her, now is the right time to hunt for good In ECA International’s Accommodation Sur- He adds that owners are usually prepared to value high-end high-rise residential property vey released in January 2017, Kuala Lumpur discuss and drop their prices by between 5% and in KLCC.
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