Rently Has 56 Hotels, Temporary Rooms and a Suite of Instalments Commencing from the EDITORIAL Putrajaya on April 29
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EP 2 FRIDAY MAY 4, 2018 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my FT minister suggests with the other to cross-market each rebranding of PPR Best Western Hotels other’s property developments. The homes two companies may also co-invest & Resorts sets foot in Nilai in suitable property developments Aff ordable homes initiatives such in the region, said Aspen. as the People’s Housing Pro- gramme (PPR) could be rebranded to give them a fresh image and Maybank aims to shift people’s sentiment about such disburse RM10b properties, said Federal Territories Minister Datuk Seri Tengku Adnan loans this year Tengku Mansor. Malayan Banking Bhd (Maybank) “We don’t want the houses to be aims to provide RM10 billion in loans called ‘cheap house’ (rumah murah) under its MaxiHome Ezy scheme this — perhaps ‘rumah year, reported Bernama. rakyat ceria’ or The new mortgage scheme, council home, so which is designed for first-time the occupants will homebuyers, allows greater fl exi- not feel they are Best Western Hotels & Resorts has across Asia Pacifi c. With another 40 bility and aff ordability with its low- The Edge Property Sdn Bhd (1091814-P) staying in cheap partnered with Green Target Group hotels and over 9,000 rooms in the er monthly repayments for the fi rst Level 3, Menara KLK, houses. to roll out a new mid-scale hotel pipeline, our Asian inventory is on five years, said Maybank Islamic No 1 Jalan PJU 7/6, Mutiara “Furthermore, the houses are named Best Western Mesa Hotel in track to double in the coming years,” Bhd CEO Datuk Mohamed Rafi que Damansara, 47810 Petaling Jaya, Selangor, Malaysia now bigger, measuring at least 750 the latter’s MesaHill development said Best Western Hotels & Resorts Merican last Friday. sq ft — not like before, which was in Nilai, Negeri Sembilan by the senior vice-president and chief op- “The scheme allows custom- EdgeProp.my 500 sq ft,” Bernama reported him fi rst quarter of 2021. erations offi cer Ron Pohl on May 2. ers to service only the interest/ as telling the media after offi ciating “This hotel will be a welcome ad- The 10-storey Best Western profit portion of their mortgage Managing Director/Editor-in-chief Au Foong Yee the ground-breaking ceremony for a dition to our robust portfolio, as Best Mesa Hotel will feature 200 con- for the first five years, with full multi-storey car park at Precinct 9 Western currently has 56 hotels, temporary rooms and a suite of instalments commencing from the EDITORIAL Putrajaya on April 29. comprising more than 8,100 rooms modern mid-scale facilities. sixth year onwards,” he said after Executive Editor Sharon Kam Editor Lam Jian Wyn the launch of the scheme in Kuala Deputy Chief Copy Editor Lumpur. James Chong Quek Leng Chan years, alongside non-independent Oxley will forge a long-term and Copy Editor non-executive director Datuk Poh mutually beneficial relationship Geraldine Tan resigns as chairman Senior Writers Rachel Chew, Yang Hong, who stepped down due that will enable the group to pro- Tan Ai Leng of GuocoLand to work commitments. gress to another level of growth. Writers Natalie Khoo, Shawn Ng, Lum Ka Kay Malaysia We believe the synergy between Art Director Sharon Khoh Tycoon Tan Sri Quek Leng Chan Aspen and Oxley will unlock many Design Team has stepped down as chairman of Aspen and business and development oppor- Jun Kit, Rajita Sivan GuocoLand (Malaysia) Bhd eff ective Singapore’s Oxley in tunities for both companies,” Aspen For New Launches/Events/ immediately, amid an internal ration- president and group CEO Datuk Press Releases/News Tips alisation and streamlining exercise. strategic partnership Murly Manokharan said in a state- He added that housing demand email: [email protected] Tel: 03-7721 8211 Fax: 03-7721 8280 In a fi ling with Bursa Malaysia Aspen (Group) Holdings Ltd has en- ment on April 30. remains strong, with annual mort- on April 30, GuocoLand said Quek, tered into a share placement agree- Both companies own valuable gage growth at 7.6% last year. Be- ADVERTISING & MARKETING 74, will be replaced by incumbent ment with Singaporean property de- landbank and investment proper- sides the MaxiHome Ezy scheme, Associate Account Director, Advertising & Marketing non-executive director Choong Yee veloper Oxley Holdings Ltd to raise ties in strategic locations. Where Maybank had also launched its Heidee Ahmad (019) 388 1880 How as chairman. about RM69 million in gross pro- possible, Oxley may engage Aspen HouzKEY scheme last year — the Senior Account Manager Independent and non-execu- ceeds for the acquisition of landbank, via various joint ventures for the first rent-to-own scheme in the Ian Leong (012) 359 1668 Account Managers tive director Tan Sri Nik Mohamed future developments and working development of Oxley’s property country by a bank that off ers an al- Khairul Amilin Ismail (019) 426 5101 Yaacob had also resigned after capital. development projects in Malaysia ternative homeownership solution Joane Tan (012) 377 2885 serving the board for more than 12 “The strategic partnership with and each party shall collaborate without requiring a down payment. Joyceline Tan (012) 693 5826 Marketing Support & Ad Trafˎ c Madeline Tan (03) 7721 8218 email: [email protected] trending How do I get past issues of this weekly pullout? Go to www.EdgeProp.my to download for free. NEGOTIATOR & CUSTOMER now ADVISORY SERVICE Senior Manager Elizabeth Lay Senior Associate Stannly Tan If you have any real estate-related events, email us at [email protected]. For enquiries and listings LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. email: [email protected] GL: (03) 7721 8175/ 8172 Presint 15, Putrajaya Inː atable Wonderland lifestyle fair at Eco Majestic’s EdgeProp.my pullout is published Contact: (03) 8861 6500 at Trio By Setia sales gallery this weekend. by The Edge Property Sdn Bhd. It is available with The Edge Financial S P Setia Bhd is celebrating Date: May 5 (Sat) Daily every Friday. The pullout Parents Day this Saturday Time: 11am to 5pm Showcase of UK is also distributed at more than with activities for the whole Venue: Trio By Setia, Lot 82623, commercial care homes 200 ofˎ ces, shopping complexes, condos, medical centres, F&B outlets family such as free haircuts, Jalan Langat / KS06, Bandar Date: May 5 and 6 (Sat and Sun) and LRT stations in the Klang Valley. head and shoulder massage Bukit Tinggi 1, Klang, Selangor Time: 10am to 6pm You can also download it for free at www.EdgeProp.my services, personality reading Contact: (03) 3162 3322 Venue: Parry Room (Level Summer Splash with fl owers, family photo Bring your kids to S P Setia 6), Le Meridien Hotel Kuala at Residensi SIGC booth and kids’ workshop. Bhd’s Infl atable Wonderland and Lumpur, 2, Jalan Stesen Sentral, Th e Edge Malaysia Date: May 5 (Sat) have fun together. While your Kuala Lumpur Sentral, Kuala Time: 10am to 4pm Casawood at Cybersouth children are enjoying activities Lumpur; Farquhar Suite (Ground Publisher and Group CEO Venue: 8, Jalan Residensi opens for sale such as a clown show, giant Floor, Heritage Wing), Eastern Ho Kay Tat SIGC 1, Residensi SIGC, Date: May 5 and 6 (Sat and Sun) bubbles and face painting, you & Oriental Hotel, 10, Lebuh EDITORIAL Seremban, Negeri Sembilan Time: 10am to 5pm can get to know more about the Farquhar, Penang Editor-in-Chief Azam Aris Contact: (1800) 88 2688 Venue: Cybersouth Property developer’s attractive packages. Contact: (016) 228 8691 / CORPORATE Looking for some cool Gallery, Dengkil, Selangor (016) 228 9150 Chief Operating Ofˎ cer Home Republic Fair Lim Shiew Yuin activities this weekend? Visit Contact: (011) 1722 5988 ADVERTISING & MARKETING Matrix Concepts Holdings MCT Bhd will be unveiling its at Eco Majestic Chief Commercial Ofˎ cer Bhd’s Residensi SIGC and Casawood 2-storey terraced Date: May 5 and 6 (Sat and Sun) Sharon Teh (012) 313 9056 enjoy fun water activities houses at its Cybersouth Time: 10am to 6pm General Manager Kingston Low (012) 278 5540 including infl atables, hand- development this weekend. Venue: EcoWorld Gallery at Senior Sales Managers paddle water boat, water Eco Majestic, 1, Lingkaran Fong Lai Kuan (012) 386 2831 orbing and trampoline. Eco Majestic, Eco Majestic, Gregory Thu (012) 376 0614 Creative Marketing Semenyih, Selangor Organised by property Chris Wong (016) 687 6577 Celebrate Parents Day Contact: (03) 8723 2255 investment consultancy CSI Prop, Head of Marketing Support Date: May 5 (Sat) Looking for a fresh change the event will feature Carlauren & Ad Trafˎ c Time: 11am to 5pm for your home? Eco World Lifestyle Resorts, a brand of Lorraine Chan (03) 7721 8001 Venue: Setia Seraya Residences, Development Group Bhd luxury lifestyle care homes for the Lot 14124, Jalan P15H, is organising a home and elderly and infi rm in the UK. FRIDAY MAY 4, 2018 • THEEDGE FINANCIAL DAILY EP 3 NEWS Price, location and product mismatch in housing supply LOW YEN YEING | EdgeProp.my BY SHAWN NG tial properties and property developers are urged to think out of the box to meet market KUALA LUMPUR: Th ere is no oversupply demand and prevent the mismatch situation of residential properties in the country as from getting worse. demand for housing has outstripped supply “We have a situation that I call ‘3M’, which in 2017, said CBRE|WTW managing director refers to the three mismatches in price, lo- Foo Gee Jen. cation and product,” he pointed out. According to data from the property During the period of 2010 to 2015, prop- consultancy firm, Malaysia’s population erty prices had increased by a high dou- grew 1.3%, or about 390,000, to 32 million ble-digit growth rate of between 15% and last year.