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Managing Editor Roshan Kaur Sandhu Writers Reena Kaur Bhatt Mira Soyza Editorial Coordinators Nur Alia Ahamd Tamezi Intumathy Nadarajah Head of Creatives Angeline Lim Senior Graphic Designers Wing Wong Jason Kwong Junior Graphic Designer Rechean Soong CEO REA Group - Asia Henry Ruiz CEO iProperty.com Malaysia Haresh Khoobchandani & Singapore General Manager (Marketing) Wong Siew Lai General Manager (Agent Sales) Leon Kong General Manager (Developer Sales) Sean Liew General Manager (Data Services) Premendran Pathmanathan Group Regional Finance Director Esther Monks Head of Media Sales & Ad Ops Martin Goh Head of iProperty TV Jonathan Ong General Manager (Sales & Marketing) Vincent Sim iProperty.com Singapore Head of Marketing & Content, Leslie Lin iProperty.com Singapore iProperty.com Malaysia Sdn Bhd (600850-K) Suite 11.01, Level 11 Menara IGB Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia Phone: (603) 2264 6888 Fax: (603) 2264 6900 Sales enquiries: [email protected] Editorial matters: [email protected] General enquiries: [email protected] Subscription: [email protected] International Property: [email protected] iProperty.com Malaysia Sdn Bhd (Johor) A-2-7, Pusat Komercial Bayu Tasek Persiaran Southkey 1, Kota Southkey 80150 Johor Bahru, Johor iProperty.com Malaysia Sdn Bhd (Penang) Bay Avenue D-2 5-3, Lorong Bayan Indah 2 Bayan Lepas, 11900 Penang /iProperty.com Malaysia /iProperty_com /iProperty.com Malaysia /myiproperty Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto. The views by our contributors expressed here are their personal opinions and do not necessarily reflect iProperty.com’s views. Unless otherwise noted, all artwork and ad designs printed in iProperty.com Magazine are the sole property of iProperty.com Malaysia Sdn Bhd, and may not be reproduced or transmitted in any form, in whole or in part, without the prior written consent of the publisher. 2 PB Message from our CEO Just a month ago, I was honored to be at the iProperty.com Agent Advertising Awards (AAA) 2017, a black-tie event that celebrates excellence, leadership and innovation of property agents in Malaysia. It was also my first time judging at the awards, and if the quality of entries received were any indication, the industry has come a long way. As a long-time partner to thousands of property agents, we value the importance of agents and the role they play in connecting people with their dream homes. The iProperty.com AAA 2017 is our way of celebrating the amazing work they do, day in and day out and saying thank you for being with us, every step of the way throughout our own property journey. In addition to the property agents, the other big winner that evening was innovation. Innovation, I’m often reminded, is evolution. You can delay it, but you can’t stop it. Innovation is something we’re familiar with at iProperty.com. It is part of our DNA. It drives us forward and keeps us connected to you. As Malaysia’s No.1 digital company specializing in property, we are able to provide developers, HARESH KHOOBCHANDANI buyers and agents in Malaysia, a platform, for a personalized property CEO - iProperty.com experience. We serve more than 1.4 million buyers a month and in July 2017, Malaysia & Singapore we welcomed more than 11 million visitors to our portal – that’s the highest number recorded in the history of the company. Our goal is to continue to break new ground, develop innovative solutions and provide a truly unique experience across all our touchpoints, anytime, all the time. Regardless of where you are in your property journey, we want to make your property decisions simple, efficient and stress-free. We have come a long way too. Soon, you’ll be greeted by a new product that offers a fresh responsive design with exciting display solutions that move seamlessly from laptop to tablet and to smart phone. More important than what devices you are using, is the experience you get using them. The next couple of weeks promises to be exciting for us and we can’t wait to share it with you. I invite you to join us, as we embark on this journey forward. Together, we will change the way Malaysia (and Asia) experience property. 4 PB Managing Editor’s note Contents Whenever statistics are released on housing transactions, we receive comments from industry players/ stakeholders calling for a boost in property supply and an improved housing policy to give first-time buyers a better chance. And they are right to call for such initiatives: the lack of affordable property is one of the biggest challenges for would-be homebuyers in Malaysia. But it’s not the only 38 obstacle. I personally believe that there is an urgent need to streamline the affordable housing development programmes in Malaysia under one roof as recently announced by the SPECIAL FOCUS – MRT 1: government. 20 Pushing urban growth boundaries Touching on statistics, under the 38 ONE COCHRANE RESIDENCES: A class act right on the tracks iPropertyiQ.com section, we feature the 2016 industrial property sub-sector 42 #youshouldbuyhere – Hotspots performance in Malaysia and Selangor along MRT Line 1 5 MESSAGE FROM OUR CEO by iPropertyiQ. 48 All hail RAIL - MRT to amplify 6 What does going Green even MANAGING EDITOR’S NOTE Klang Valley’s growth mean to an average consumer in this 8 HAPPENINGS country? The sense of awareness of Green Building especially is low when RESEARCH DATA purchasing property in Malaysia. Ir Jack EVENTS Chan provides an invaluable insight on 52 Kajang: Where railway lines go, 14 IQI Global Conference: home buyers follow this issue on page 82. Embracing the digital evolution Under our Special Focus section, check out the hotspots in the Klang 16 Great bargains under one roof Valley as Khalil Adis explores on how POINTS OF INTEREST 18 BLT team takes on Property the MRT transportation can help Convention 2017, Penang edition 56 Penang’s present and future in a improve a city’s performance and snapshot property growth. 59 The law of intestacy: Till death do Home buyers who are looking for COVER STORY us apart? good housing deals should not miss 20 CONTINEW: A unique and iconic some of our exciting expos lined up this development in Kuala Lumpur year. Please lock in these dates for the RESEARCH DATA iProperty Home & Investment Fair -- 62 The effect of inflation on housing 26 September - 1 October, AEON Bukit prices Indah, JB and from the 8 - 22 October iPROPERTYiQ.COM - Sunway Carnival Mall, Penang. 23 Industrial property: Market watch Enjoy the read and till next month! BOOK EXCERPT 66 Make big money via land - MARKET WATCH Land feasibility study framework 28 The rise in eCommerce drives (part 1) demand for industrial real estate POINTS OF INTEREST EXPERT’S VIEWS 70 7 Strategies to leverage on your 32 Help, I have a difficult neighbour! property business 72 Book right – Right from the start Roshan Kaur Sandhu 74 5 Reasons to consider property auctions Contents AGENT’S ADVICE 99 Buying out of the box: Affordable opportunities abound beyond the city AGENT’S VIEWS 100 Polygon Properties Sdn Bhd: Building towards a global presence 102 SUPERSTAR AGENTS REGULARS 104 HOUSE BUYERS’ ASSOCIATION HBA: Relaxing lending criteria is not the solution to address access to affordable housing 108 MASTER PAW SANDY Can Feng Shui improve your 76 finances and wealth? CONSUMER AWARENESS 110 The pieces to skimp and spulrge on in your living room RESEARCH DATA INTERNATIONAL SECTION 76 Five Asian countries rank high in 86 INTERNATIONAL NEWS 112 How to style a kid’s room without cross-border real estate investment it looking child-like Happenings 80 Pricing for Hong Kong skyscrapers 114 12 Simple tricks to make a small 88 SINGAPORE NEWS is highest in the world living room feel big Happenings 117 Out of the box: Wall art that’s not a 92 INTERNATIONAL FEATURES framed picture POINTS OF INTEREST From broke student to brokering 82 Valuing green property – alternative property deals Would you buy one? 119 95 INTERNATIONAL BRIEFS CLASSIFIEDS Why your HDB is not going to make you any money 128 SUBSCRIPTION 92 HAPPENINGS Terreal opens brand new factory in Kluang-3 In their effort to continuously million was spent to build the 2700 Kluang 3 are from Asia (purchased improve their brand’s offering and m2 plant and these costs include from either Malaysian or Chinese to promote their growing success, land and administrative fees, the supplier). Terreal Malaysia opened its second building itself and machineries. The The new plant completes its range factory in Kluang-3, Johor, recently to acquisition will also bring production of tiles for the Asian market, and continue the production of its mineral close to their main factory in Kluang. now with the internalized production tile. The opening ceremony that took And since the production volume and the increase in production place at the new site last June saw the and process of mineral tiles are capability, the Kluang-3 plant is attendance of some of their suppliers, distinctively different from the expected to release 1.8 million pieces contractors, customers as well as production of terracotta – which of high end mineral tiles each year. several of Kluang town officials. involves the process of cooking (in In a long run, the new factory is Construction of the plant a kiln) – a big plant is not required.