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Moving Upmarket Th E Neighbourhood’S Aff Ordability, Accessibility and Ready Amenities Make It One of the Most Attractive Addresses for Homebuyers in Petaling Jaya

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Moving Upmarket Th E Neighbourhood’S Aff Ordability, Accessibility and Ready Amenities Make It One of the Most Attractive Addresses for Homebuyers in Petaling Jaya MAKE BETTER DECISIONS FRIDAY JULY 10, 2015 ISSUE 2000/2015 A PULLOUT EVERY FRIDAY WITH Read this copy online @ theedgeproperty.com MAKE BETTER DECISIONS PP 9974/08/2013 (032820) ep4 NEWS ep6 DEALMAKERS ep11 FENG SHUI ep1415 FEATURE Sunway to launch RM1.5b Th is man wants to Don’t sweat the Seeing the light s worth of properties in 2H recruit you small stuff KELANA JAYA moving upmarket Th e neighbourhood’s aff ordability, accessibility and ready amenities make it one of the most attractive addresses for homebuyers in Petaling Jaya. Analysis of transaction data by theedgeproperty.com shows that the average price psf of high-rise homes in Kelana Jaya reached RM455 psf in 3Q2014. With more high-end supply coming in, how will it impact the property market there? See story on ep8. Check out a video of this hot spot at www.theedgeproperty.com and see current listings for this area on Market Watch EP10. SAM FONG/THE EDGE PROPERTY FRIDAY JULY 10, 2015 • THEEDGE FINANCIAL DAILY EP2 PROPERTY | NEWS ON NEWS ROUNDUP For more news go to theedgeproperty.com Agile Real Estate acres) of undeveloped land in Ma- 10% for its fi nancial year ending De- at www.theedgeproperty.com Development to launch laysia and 2.02 ha in Australia. cember, 2015, mainly driven by its Agile Mont’Kiara Tan expects the fi nancial servic- aff ordable housing projects in Kedah. China-listed developer Agile Prop- es and property segments to be the Th e group has about 2,000 acres erty Holdings Ltd launches its de- main revenue and profi t contributors of undeveloped land in Kedah, after but project in Malaysia in the third for OSK Holdings, which plans to replenishing its landbank with the quarter of 2015 (3Q2015). Called unveil between three to four prop- recent acquisition of its substantial Agile Mont’Kiara, the project will erty projects in Malaysia with a total shareholder, Perbadanan Kemajuan be developed by its wholly owned GDV of over RM1 billion. — Bernama Negeri Kedah. subsidiary, Agile Real Estate Devel- Hua Yang launches inaugural Kelana Jaya opment (M) Sdn Bhd. MyHome project goes upmarket Agile Real Estate Development Property developer Hua Yang Bhd CEO Wilson Ren said in a statement has launched the fi rst phase of its Seri that the company was “very excited Andaman homes under the govern- to be a part of the Malaysian prop- ment’s MyHome Scheme that was erty landscape”, citing its “huge po- announced in Budget 2014. tential, stable economy, regulatory In a statement on July 7, Hua Yang environment, social security, market said buyers must fulfi l certain criteria and price points, especially in Kuala set by the Ministry of Urban Wellbe- Lumpur”. ing, Housing and Local Government Berjaya Land’s Jesselton Th ese factors, he added, “make to qualify for the RM30,000 subsidy Villas 40% sold Malaysia a new frontier for property AlloyMtd to start RM2.67 bil for the homes. Berjaya Land Bhd has sold more than Would you development in Asia”. One Crown project by Seri Andaman is located in the 40% of the fi rst parcel of its Jesselton buy a small Agile will source 100% of its on- November Bandar Universiti Seri Iskandar Villas development in Penang since site workers locally. With two pro- Infrastructure development com- (BUSI), which is the Hua Yang’s 777- the offi cial launch in May last year. home now and jects in the pipeline – in Mont’Kiara pany AlloyMtd Group has obtained acre township in Perak. Executive director of Berjaya Land upgrade later? and Bukit Bintang – the company is approval from London Borough of Its fi rst phase comprises 186 units Eason Phan said buyers are mainly looking to create at least 1,000 jobs Hackney (LBH) to redevelop One of 22’ x 65’ 1-storey terraced homes, local owner-occupiers and investors. in six years. Crown Place, London EC2, in the UK. with a built-up area of 850 sq ft and Located on Penang Island, Jessel- “Our aim is to become a leading Th e redevelopment project marks above. Prices of these leasehold units ton Villas is a 58-acre guarded free- developer in Malaysia within fi ve AlloyMtd’s re-entry into the London range from RM180,000 to RM200,000. hold development comprising three years,” said Ren. real estate market. Th e group had a Of the 186 units, 56 are bumiputera parcels. Th e fi rst, dubbed Kensington Agile Mont’Kiara is a high-end one-third stake in the Spitalfi elds de- lots. —theedgemarkets.com Gardens, covers 26 acres and off ers residential project with a gross de- velopment between 1996 and 2000. 69 bungalow lots sized between 5,995 velopment value (GDV) of RM1.4 President and CEO Datuk Dr Az- Bina Darulaman to and 9,634 sq ft. Th e average selling billion. It will comprise 11 towers mil Khalid said on July 6 that the rede- develop Langkawi price is RM674 psf. with a sky deck, jogging track and velopment project should commence projects worth RM1.5 bil Construction on the RM321 mil- 24-hour security surveillance. this November. It has an estimated Kedah-based oil palm plantation lion Parcel 1 and major infrastructure GDV of £451 million (RM2.67 billion). and property group Bina Darulaman works will commence by year-end, OSK Holdings shareholders One Crown Place will feature two Bhd (BDB) is planning to launch four Phan said on July 8. Th e develop- The Edge Communications Sdn Bhd approve acquisitions residential towers located above po- projects in Langkawi with a total er off ers several design options for (266980-X) OSK Holdings Bhd has obtained dium offi ces and a boutique hotel. GDV of RM1.5 billion to be realised purchasers. Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, shareholder approval to acquire Th e net internal area is 373,091 over the next fi ve to seven years, said Parcel 2 covers 18 acres, and Par- Selangor, Malaysia OSK Property Holdings Bhd and sq ft, comprising 141,890 sq ft of of- BDB group managing director Datuk cel 3, 14 acres. Jesselton Villas has a PJ Development Holdings Bhd for fi ce space and 200,041 sq ft of resi- Izham Yusoff on July 7. total GDV of RM900 million, with RM346.4 million and RM223.6 mil- dential space with 247 apartments. The first project will be an af- 207 bungalow lots, or four bungalow Publisher and Group CEO Ho Kay Tat lion, respectively. Th e boutique hotel will be built on a fordable housing development of lots per acre. CEO Tan Sri Ong Leong Huat heritage block, the early 19th century 500 apartment units in Kuah by year- Jesselton Villas is located next Editorial For News Tips/Press Releases said the move will see OSK Hold- Georgian Terrace. end. Th e other three include the de- to the Penang Turf Club and is the Tel: 03-7721 8219 Fax: 03-7721 8038 ings emerge as a fi rst-tier proper- AlloyMtd, through its subsidiary velopment of a 200-acre (80.9ha) developer’s fi rst bungalow lot devel- Email: [email protected] ty group in Malaysia with GDV of AlloyMtd (Jersey) Ltd, acquired One parcel of hillside land and another opment in Penang. RM13.3 billion. Crown Place two years ago from Sun 13-acre tract near the island’s man- It proposes communal living, se- Senior Managing Editor Azam Aris Contributing Editor Sharon Kam He said the combined landbank Street Properties Ltd, a unit of UBS, grove area for ecotourism villas. curity, and a liveable and sustainable Editor Rosalynn Poh of the two entities is 524.88 ha (1,297 in 2013. BDB expects top-line growth of environment for residents. Deputy Editors E Jacqui Chan, Wong King Wai, Llew-Ann Phang Assistant Editor Lam Jian Wyn Writers Zatil Husna Wan Fauzi, Chai Yee Hoong, Lim Kian Wei, If you have any real estate-related events, email us at [email protected]. Rachel Chew, Hannah Rafee, LAUNCHES & EVENTS Events listed here will also appear on theedgeproperty.com. Carmel Dominic Art Director Sharon Khoh Design Team Cheryl Loh, Centre, Halls 1, 2 and 3, Mid Time: 10.30am to 1pm (Session Contact: (012) 388 9901 Valerie Chin, Aaron Boudville, Valley City, Kuala Lumpur. 1); 2.30pm to 5pm (Session 2) United Malayan Land Bhd has Aminullah Abdul Karim, Time: 10.30am to 9pm Contact: (011) 222 1998 collaborated with Onyx Hospitality Yong Yik Sheng, Tun Mohd Zafi an Mohd Za’abah Contact: (03) 7772 6132 (For registered participants Group to bring the fi rst Shama / (012) 281 8266 only) This seminar is sponsored property to Malaysia. The Shama Corporate Modern Home Fair is a common by TFDC Asiacorp Bhd. Topics Medini lifestyle serviced apartments, Managing Director Au Foong Yee platform for manufacturers, dealers, include: Where are the hotspots: which will have a lakeside view, is the Deputy Managing Director Lim Shiew Yuin suppliers, sellers of home and Toronto, Vancouver, Montreal, 11th property under the Shama brand, living products, as well as housing Halifax, and Calgary; Do currency which has a presence in Shanghai, Advertising & Marketing and property-related services. and diversifi cation really matter; Hangzhou, Hong Kong and Bangkok. To advertise contact “Buy-to-let” hotel room Tax effi ciency; and, Avoid the 10 GL: (03) 7721 8000 Fax: (03) 7721 8288 investment talk by i-City Family Day most-ignored costly mistakes. Darulaman Realty Sdn Chief Marketing Offi cer PPC International Date: Sunday Bhd Open House Sharon Teh (012) 313 9056 Date: Tomorrow and Sunday Venue: i-Gallery @ Date: July 25, 2015 Senior Sales Managers Venue: Matahari 2, 5th Floor, i-City, Shah Alam.
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