EAST ’S LEADING PROPERTY PORTAL, MAGAZINE & EXPO

SPECIAL FEATURE LUXURY ISSUE Drive German, wear Italian, drink Scotch and kiss French. Luxury is in each detail where quality attracts quality.

TRICONIC TOWER : An Integrated Living Concept Surrounding A Nucleus Of Vibrancy | : The New Art Beat Of | TAMAN BUKIT SEPANGAR : Real Estate “Trade-In” Concept with D’Ambience | Understanding The Affluent Home Lifestyle | Benefits Of Investing In Luxury Property | Discover Where And What Makes KL’s Next ‘Hotspots’

ISSUE 79 RM9.50 (Inc GST) www.PropertyHunter.com.my 1 2 www.PropertyHunter.com.my www.PropertyHunter.com.my 3 4 www.PropertyHunter.com.my www.PropertyHunter.com.my 5 6 www.PropertyHunter.com.my www.PropertyHunter.com.my 7 8 www.PropertyHunter.com.my www.PropertyHunter.com.my 9 10 www.PropertyHunter.com.my www.PropertyHunter.com.my 11 CORPORATE TM CONTENTS Editor Iza Abidin property SHOWCASE | 14 TRICONIC TOWER : An Integrated Living Concept Surrounding A Nucleus Of Vibrancy Writer Rebecca Michelle property SHOWCASE | 20 AEROPOD : The New Art Beat Of Kota Kinabalu Creative & Design Stephenson Foo property SHOWCASE | 24 TAMAN BUKIT SEPANGAR : Real Estate “Trade-In” Concept with Pua Yu Bee D’Ambience Reynard Chong Property Hunter is published by: Maxx Media (S) Sdn Bhd (1043783-T) fEATURED event | 28 TRAVEL & PROPERTY MAGAZINE: THE FIRST CHINESE Online & IT Lot 4, 1st & 2nd Floor, Block A, Heritage Plaza, LANGUAGE PUBLICATION FOR THE CHINESE MARKET Caleb Tseu Jalan Lintas, 88300 Kota Kinabalu, Clifton Chin Sabah, Malaysia FATHER’S DAY SPECIAL | 32 A DAUGHTER’S FIRST LOVE Finance & Operation Office Hours: Elson Kho 9:00am – 6:00pm (Monday – Friday) PROPERTY SHOWCASE | 36 GLENEAGLES: IN THE ARMS OF ONE WHO CARES E: [email protected] Marketing & Branding T: +6088 719 787 FEATURED EVENT | 38 CASAVIEW Sales Gallery Launch Magdelene Muh F: +6088 728 387 SPECIAL EVENT | 40 PH EXPO TAWAU : Your Passage To The Latest Property Marketing Events Printing Developments Debbie Eva Denis Percetakan Kolombong Ria Sdn Bhd Lot 3A & 5, Mile 5 1/2, Tuaran Road, Neutron MAKE ROOM FOR A PROMISING HOME IN , Circulation & Subscription Park, 88450 Kota Kinabalu, Sabah, Malaysia FEATURED EVENT | 44 , Albee Chung T: +60 88-426 691

Administration & Accounts Available monthly at leading HOT TOPIC | 48 KINSABINA’S ANTICIPATION TO BE ON BURSA’S LISTING Jerace Lee bookstores and newsstands in Sabah Azizan Azim Bin Awg Ali & FEATURED EVENT | 52 NEW KIDS ON THE BLOCK, BIG BATH OPENS 8TH STORE

Advertising Enquiries • Everise Supermarket HOT TOPIC | 56 MALAYSIA REMAINS ONE OF THE MOST ATTRACTIVE COUNTRIES Poh Khay Inn • Lintas Superstore FOR LONG-TERM INFRASTRUCTURE INVESTMENT, ARCADIS (Manager, Media Planning) • City Grocer REPORT FINDS T: +6013 865 6898 • Pick N Pay E: [email protected] • WH Smith LUXURY ISSUE • SMART Bookshop SPECIAL FEATURE | 61 Alby Idang • City Gourmet • Understanding The Affluent Home Lifestyle (Senior Executive, Media Planning) • Tong Hing Supermarket • Benefits Of Investing In Luxury Property T: +6013 865 2898 • Eastern Book Store • Malaysia Versus The Rest Of The World E: [email protected] • CNM Book Store • Anggun Residence : A Location Worthy Of Only The • Ling’s Fresh Vegefruits Extraordinary Mazliana Mat Saidi • Quong Ming Book • Luxury Condos Around The World (Senior Executive, Media Planning) • Sun Tai Chung • Batu Ferringhi Phase 2 T: +6013 881 7898 E: [email protected] LIFESTYLE | 74 DRIVE

e in Sab ed in S Forest d a nt ab le ry Rolls-Royce : A New ‘Dawn’ Has Arrived. The New Rolls Royce’s a h ri a ib P Events Enquiries M h s r P a n c o t Uncompromised Drophead Luxury

i p Victor Yong c

s e

e s

(Manager, Events) R T: +6013 835 1898 FURNISH E: [email protected] Larose Guyon : Shining Light Through Style and Romance Printed on environmentally responsible paper from Italia Nayenti Boniface imported high quality grade woodfree recycled paper GADGET & WATCH (Senior Executive, Events) in a Sabah based facility. Empowerment Of Technology T: +6013 852 2898 E : [email protected] Supporting Local Talents & Businesses. hot topic | 84 INVESTING FOR YOUR CHILD’S FUTURE

hot topic | 88 SPA : Understanding the Sales and Purchase Agreement

hot topic | 90 FUTURE HOTSPOTS OF GREATER Discover Where And What Makes KL’s Next ‘Hotspots’ PropertyHunterMalaysia PropertyHunter Propertyhunt3r hot topic | 92 THE WEALTH REPORT 2016 : The Rich In Asia Increased Disclaimer, Permission & Reprints: This publication is not an investment advice. It is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without first seeking appropriate professional advice that takes into account their own particular circumstances.The publisher and editors give no representations and make no warranties, express, or implied, with responsibility of any of the material (including statistics, maps, articles, loan product tables, advertisements and advertising features) contained in this publication. The publisher and editors expressedly disclaim all responsibility for any errors in or omissions • If You Can’t Afford Something, DON’T RENT, Instead Buy from the information contained in this publication, including all liability for any loss or damage suffered or incurred by any person as a result of or arising out of that person placing any reliance, weather whole or partial, upon COFFEE TALK | 96 the whole or any part of the contains of this publication. No correspondents will be entered into a relation to this publication by the publishers, editors or authors. The publishers do not endorse any company, organisation, Something You CAN Afford person, investment strategy or technique mentioned in this publication unless expressly stated otherwise. The publishers do not endorse any advertisements or any special advertising features in this publication, nor does the publisher endorse any advertiser(s) or their products / services unless expressly stated to the contrary. Articles are published in the reliance upon the representations and warranties of the authors of the articles and without our • Developers Pessimistic But Luxury Home Prices Still Up knowledge of any infringement of any third party’s copyright. The publishers and editors do not authorise, sanction, approve or countenance any copyright infringement. This publication is protected under the Law of Malaysia Act 332 Copyrights Act 1987 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express written permission of the publisher. Copyrights 2013 Maxx Media (S) Sdn Bhd. All rights reserved.

12 www.PropertyHunter.com.my www.PropertyHunter.com.my 13 PROPERTY SHOWCASE

TRICONIC TOWER AN INTEGRATED LIVING CONCEPT SURROUNDING A NUCLEUS OF VIBRANCY

An iconic condominium project with a Gross Development Value of RM390 million is making its way to a prime location ideally located in Bundusan, Penampang. The residential project is expected to launch by July 2016. Prominently positioned to have a vantage point in Penampang, Triconic Tower is within easy access to the city centre and KKIA. This development is within close proximity to a mixture of high and low rise commercial and residential buildings, education hubs and eateries for daily conveniences. The elegant architecture of Triconic Tower prides itself on its contemporary, innovative yet comfortable homes for urban dwelling with vibrant common facilities.

Development By Kinsabina Sdn. Bhd.

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he enclave consists of 768 condo units and are all designed to capture and maximize surrounding views on higher floors. The hotel-style condo boasts both indoor and outdoor communal facilities for the family. The 3 condominium blocks are completed Twith a swimming pool, a children’s playground, badminton court, basketball court, courtyard garden, BBQ area and a pond with gazebo.

The 16-storey condo units consist of typical block plans sized at 1,000 sq BLOCK C ft and 1,200 sq ft, with each unit displaying 3-bedroom, 2-bathroom and Block C, however, has a function hall with convenient facilities within easy reach. All three blocks house different a capacity to fit 160 guests, indoor games facilities on the deck level, exclusive to its residents only. More than 56% room, reading lounge with home theatre for a of the total land usage is reserved for the common facilities. capacity of 30, and kid’s club. Residents of this development will be spoilt by these communal facilities. Residents may enjoy the array of facilities that are conveniently accessible from all BLOCK A their condo units. As the focus is on promoting a healthy lifestyle, Block A comes with a gymnasium, steam and sauna rooms, changing rooms, Jacuzzi pools and Triconic Tower has a 3-level car park which outdoor table tennis area which are conveniently located on the upper deck. comprises of 1,219 parking lots. Every 1,000 sq The well-equipped gym provides a safe and great workout environment for ft unit condo will be allocated a parking space, the residents. First of its kind, steam and sauna rooms are divided into male whereas the 1,200 sq ft condo units will be and female rooms for the residents’ enjoyment. The sky lounge at Block A allocated 2 parking lots. Extra carpark lots can awaits you with a massage and foot reflexology centre. On top of that, a hair either be rented from the management or long- salon and facial therapy rooms are also available for your grooming needs; a leased from the developers. personal beauty centre just a walk away without the hassle of traffic jam. Enjoy a refined living lifestyle within Triconic Tower where convenience is right at your doorstep. BLOCK B Block B houses a Management Office, a restaurant, tuition centre and a convenience store. Parents will value the convenience of an on-site learning facility and a store within the safe grounds of their home. Once there is time to sit back and relax, just head to the sky lounge for a breath of fresh air while overlooking the unobstructed panoramic view of KK city.

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TRICONIC TOWER AT A GLANCE

Location : Second lot from Jalan Bundusan, Penampang Landmark : Adjacent to Beverly Hills Apartments Total Land Area : Over 5 acres No. of Units : 768 units (3 blocks of 16-storey condominiums) Total Floor Area (Block A & B) : 1,000 sq ft Total Floor Area (Block C) : 1,000 sq ft & 1,200 sq ft Distance to KK city : 8.3 km Distance to KKIA : 8.9 km Distance to Tun Fuad’s Park : 2.8 km

Communal Facilities Price range Swimming pool, wading pool, pond with gazebo, half RM448,000 onwards for 1,000 sq ft, basketball court, badminton courts, playground, BBQ RM528,000 onwards for 1,200 sq ft area and open courtyard Carparks Block A facilities 1 parking lot for every 1,000 sq ft unit & 2 parking lots Gymnasium, sauna & steam room, changing room, for every 1,200 sq ft unit jacuzzi pools and table tennis area Carparks (1219 lots) Block B facilities Lower ground (655 lots), Ground Floor (264 lots) and Management office, restaurant, tuition centre and Open covered (300 lots) convenience store

Block C facilities Function Hall (160 pax), game room, reading lounge with home theatre (30 pax), surau and kiddies fun club

For more information, please contact Advance Property Consultants at 088 721 777 or 088 721 999 www.kinsabina.com

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Real Estate “Trade-In” Concept with D’Ambience

Set against the majestic backdrop of , D’ambience is the latest addition to the resplendent Taman Bukit housing estate. With classic evergreen design that blends in perfectly with the surrounding, you will Exterior view of D’Ambience be rewarded with panoramic views of undulating hills and beautiful sunsets all year round.

Development By Wah Mie Group he property trade-in concept is relatively new to the real estate market in Kota Kinabalu and Sabah as a whole. Nevertheless, this concept Thas been around for a while and is already practiced in property markets around the world.

In the United Kingdom, the trade-in scheme is known as “part exchange”. When you Living room Dining room purchase a new piece of property using the trade-in / part-exchange scheme, a company Priced between RM2.0 million tonwards per Out of 40 units of uniquely designed bungalow will offer to buy your existing property from unit, the D’Ambience homes are situated lots, there are only 4 units left remain for you at a mutually agreed price, based on two merely 15 minutes’ drive away from the Kota sale. This trade-in deal for D’Ambience for independent valuations. Kinabalu city centre. It is also surrounded by your existing house will enable you to have a modern conveniences, such as the 1Borneo peace of mind in selling off your existinghouse By using the trade-in scheme, you will save Hypermall Sulaman -- the largest lifestyle and move into a new home. If you have been yourself all the stress of trying to sell your mall in -- Karambunai Golf & Country worrying about the cost of renovating your house on the market, hiring real estate agents Resort, State and Federal departments at Mini existing house, FRET NOT as you can now and worrying about house buying chains. It , as well as educational hubs like simply trade it in with the new D’Ambience is a straightforward process that makes your University Malaysia Sabah (UMS) and Maktab and move in immediately as D’Ambience is home move as fuss-free as possible. Nasional. completed with Occupation Certificate (OC).

Trade-in concept with D’Ambience by Wah Mie Group

Featuring 4+1 bedrooms and five bathrooms Interested buyer please contact Wah Mie (three master bedrooms with ensuite Group sales advisor for more information. bathrooms), each unit of the D’Ambience home has a built-up size of 4,982 square feet 088 252 177 -- offering you a sprawling mansion-like abode www.www.wahmie.com of luxury living. It makes a picture-perfect home for three-generation families.

24 www.PropertyHunter.com.my www.PropertyHunter.com.my 25 Kinsabina to Launch Triconic Tower SB Local property developer Kinsabina Kinsabina also developed the first of its kind, Group of Companies will launch Casablanca Residence which is a gated and guarded community with 24-hour security at its Triconic Tower, a new 16-storey Kolombong road. condominium project with a gross development value of RM390 million The landed development comprises 92 units in June this year, as reported in New of two- and three-storey terrace houses as well as two units of two-storey semi-detached Sabah Times. houses offering a spacious floor area of 2,293 1 sq ft to 2,842 sq ft. Located at Bundusan, Penampang, the type A offering a floor size of 955 sq ft priced project consists of 768 units of three blocks from RM450,200 to RM503,200 and type B And those with big families can opt for of condominiums and will also have three with a floor area of 1,175 to 1,180 sq ft priced the type 2B and 3B with comes with five levels of car park for the residents within the from RM551,900 to RM598,900, he said. bedrooms and five bathrooms, he suggested. curtilage of the property, said Kinsabina’s chief executive officer Datuk Francis Goh. Kinsabina is also building 1,200 units of Other designs are the typical two-storey unit affordable homes targeting first time terrace house with four bedrooms and third The size of the units available are 1,000 sq homebuyers along Sulaman road, Tuaran bathrooms with a minimum land area of ft priced from RM448,000 onwards and under the Sabah Housing and Real Estate 1,694 sq ft while a typical three-storey unit 1,200 sq ft priced from RM528,000 onwards; Developers Association-Ministry of Local terrace comprises five bedrooms and four both comes with three bedrooms and two Government and Housing scheme in line with bathrooms. bathrooms along with upscale facilities. the government’s home ownership campaign PROPERTY NEWS to help the medium income bracket from A two-storey terrace house price ranges from The project will be boosted with a swimming RM4,000 to RM6,000. RM788,000 onwards while a three-storey is pool, a children’s playground, badminton priced at RM973,000 onwards. court, basketball court, courtyard garden and Every unit of the Timbok Jaya Apartment has PROPERTY, INVESTMENT & a pond with gazebo, said Goh. a floor area of 879 sq ft with three bedrooms There is a two-storey clubhouse for the and two bathrooms, he said. residents complete with a gymnasium, sauna, Riverside Residence has been proven to BANKING NEWS yoga deck, reading room, cafe, management be a good investment with 60 percent Each intermediate unit is sold from office, multi-purpose hall and meeting rooms. of its units sold so far. The six- to eight- RM220,400 to RM250,000 with RM15,000 storey condominium consists of 134 units KEEP TRACK OF THE TRENDS IN to an intermediate corner. The project is “All 94 units of Casablanca Residence come and comes with three bedrooms and two equipped with a clubhouse, sports, childcare with readily available subdivided titles,” said PROPERTY AND REAL ESTATE bathrooms. and community facilities, a community hall Goh. and a surau. The first phase of 1A for 400 Homebuyers have a choice to choose with units has started.

SB Sabah SW Sarawak WM West Malaysia Access Road to Ulu Layar to Be Completed Very Soon SW IN International BK Banking & Investment The long wait by about 5,000 residents of “It will boost the economy in this the completion of the road, their journey 19 longhouses in Ulu Layar in this district area, as well as help generate more would now take just a mere three hours. for a more comfortable ride to Betong town will finally be over when an access road is income for the residents as their “I hope that with the completion of this road, completed very soon, as reported in The agricultural products can be more development would be faster, improving the BorneoPost online. easily taken to Betong town to be standard of living of the people here,” he said. sold,” he said. Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob said the Also present were Plantation Industries and 23-kilometre road was being built at a cost of Commodities Minister Datuk Amar Douglas RM85 million. Uggah Embas, who is also the Barisan Nasional’s candidate for Bukit the Saban seat He said a 20km-stretch of the road covering in the Sarawak state election on May 7 and longhouses between Linsum and Ijok costing Gerald Rentap Jabu, the BN’s candidate for RM80 million would be completed at the end the layer seat. of this month, and the ministry had approved 2 RM5 million to complete the missing link of Ismail Sabri said travelling time for the 3km from Jalan Ijok to Jalan Munan. residents to go to Betong town would now be reduced. “The completion of the access road will benefit the residents of the 19 longhouses,” He gave the example of the residents who he told reporters after visiting the used to take about six hours to travel from construction site for Jalan Linsum-Jelang- Kampung Munan to Betong by boat but with 1. Artist’s impression of Triconic Tower Luing- here on Sunday (April 17). 2. Revival of longhouses

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1

he ceremony was officiated by “It is our genuine hope that Assistant Minister of Tourism, through the publication, we are

Culture and Environment, YB able to showcase the best of 2 Datuk Haji Kamarlin Hj Ombi on Sabah to our Chinese speaking FEATURED EVENT Monday, May 2nd. Happiness and visitors”, that there is a 65.6 percent increase for the Tprosperity could be felt as the harmonious he added. Chinese tourists and a 19.5 percent increase sound of drums filled the air at Wisma for the Taiwanese tourists this year. SABAH TRAVEL & PROPERTY Kinsabina. The launch kicked off with a carefully During his speech, the good Datuk Francis MAGAZINE: THE FIRST CHINESE choreographed lion dance performance by the Goh reiterated that this is the first full Chinese “We anticipated that the travel demands youths of SJK (C) Yick Nam. magazine catered for the Chinese tourists. He from China, Hong Kong and Taiwan markets LANGUAGE PUBLICATION FOR also took the opportunity to introduce a new will continue to show significant increase in Sabah Travel and Property magazine CEO, chartered airline, Borneo Airworld - an inbound the next few months as a result of the active THE CHINESE MARKET Mr Elson Kho, explained that the birth of this tour company with 8 counter parts in China. promotion done by in magazine will benefit the Chinese tourists, The aforesaid airline will see more than 100 China,” said Datuk Haji Kamarlin. It was a wonderfully long and memorable weekend at Wisma especially on chartered flights from various flights from the 6 highlighted cities. He also added that the publication of this Kinsabina as members of the media, distinguished and cities in China, namely: Changsa, Guilin, magazine is timely. With Sabah becoming honourable guests were invited to the inaugural publication of Nanning, Xi’an, Zhengzhou and Fuzhou. The magazine will soon be made available in popular amongst the Chinese tourists, the Sabah Travel and Property Magazine, the first Sabah travel and the international arrival hall of Kota Kinabalu magazine is believed to be the bridge in “Tourists coming in on these chartered flight will Airport (KKIA) for Chinese tourists coming property magazine fully targeted to the Chinese market. helping them to understand more about the spend a good 3 hours reading the magazine in from a different flights. Being one of the State. before touching down in Sabah”, said Kho. partners of Borneo Airworld, Datuk Francis is By Property Hunter more than eager to serve the Chinese market. Also present at the inaugural ceremony were The magazine will see its publication sitting the recently appointed Mayor of Kota Kinabalu, comfortably in local tourism hotspots such as Datuk Haji Kamarlin said the outlook for global YB Datuk Yeo Boon Hai, Sabah Association of Starbucks, Coffee Bean, tourist information outbound travel in 2016 remains good, with Tour and Travel Agents chairman Dato’ Seri centres, selected hotel lounges and rooms and growth expected to be higher and stronger Winston Liaw, Datuk Gerald Goh, President of chartered flights. in Asia. The tourism sector has transformed United Sabah Chinese Community Association significantly over the past decade. The State (USCCA) Mr John Lim and Presidential Council He also added that Sabahans are generally of Sabah has seen its tourism sector grow Member of MCA and MCA Sabah’s State proud of their culture, heritage and all things tremendously during the peak months of Advisor Datuk Paul Kong. Sabah has to offer. January and February, alone. Records show

1. From left to right: Mr Elson Kho, Kota Kinabalu city mayor YB Datuk Yeo Boon Hai, YB Datuk Haji Kamarlin Haji Ombi, Datuk Francis Goh and Mr Michael Hiew 2. Vibrant lion dance performance by SJK (C) Yick Nam 3. Mr Elson Kho conducting his opening speech 4. Distinguished guests at the ceremony 3 4

28 www.PropertyHunter.com.my www.PropertyHunter.com.my 29 NEWS S P Setia Replenishes Development Sites in Australia WM The land is located at 308 Exhibition St, which the Brisbane and Melbourne CBD is in the upper east-end of Melbourne’s areas. Therefore, given the negative central business district (CBD), on the corner of La Trobe St and Exhibition St. Given its news flow, reports show the market proximity to a few education institutions such would be “neutral” on this acquisition Liwagu River as Melbourne University and RMIT University, announcement. the project is believed to be popular among the student population. Researchers said their forecasts unchanged, as the project can only be launched in late 1 According to RHB Research Institute, although 2017. Given the incremental value in their the housing market in Australia is currently revised net asset value (RNAV) estimate Maintain neutral with a higher target price slowing down, S P Setia’s move to replenish after the inclusion of Exhibition St land, and (TP) of RM3.18: S P Setia Bhd has announced its development sites in Australia looks two other smaller parcels in Carnegie and Boundary its acquisition of a 1.02-acre (0.414ha) piece promising. The company handed over the Prahran, their TP is raised to RM3.18 (from of freehold land for a purchase consideration Fulton Lane project last year, and Parque RM3.10). of A$101 million (RM302 million), as reported Kinabalu Park Melbourne is now nearing completion. Given in The EdgeProperty. its existing platform in the Australia market Meanwhile, the recent confirmation of Approximate outline of and financial position, we think S P Setia Datuk Khor Chap Jen as president and chief The land was secured via a competitive proposed resort site in yellow would be able to ride through the slowing executive officer, Datuk Wong Tuck Wai as bidding exercise from Telstra Corp Ltd, market over the next one to two years. deputy president and chief operating officer, Australia’s leading telecommunications and Choy Kah Yew as chief financial officer Royal Kinabalu Site company. The land cost makes up 16% of the effective April 1 should clear market concerns project’s gross development value (GDV) of Media reports have recently over any leadership uncertainty. The key risks A$640 million, which seems higher compared highlighted that domestic banks are affecting our call and forecasts would be if the with S P Setia’s previous transactions of getting tighter in their lending to market climate/environment takes a turn for Parque Melbourne in St Kilda Road and foreign house buyers, and there are the worse, or if better-than-expected market Fulton Lane in 2010 and 2011 at around 10% conditions develop. expected to complete in of GDV. also concerns of oversupply in the apartment segment, particularly in 2018.

EYE OPENER AT KLK LAND PROPERTY TALK WM

The Property Talk organized by KLK Land including a Chinese school (a subsidiary of KL-Kepong Berhad) in its and an established private sales gallery has seen full school into the township. house at its Property Gallery last Saturday, Prime Mount Kinabalu Resort May 7. The two speakers invited to share “We have handed over their knowledge and advices are Adrian Un 1,200 units to date and Development Land For Sale of SkyBridge International and Faizul Ridzuan brought in UNIFI high of FAR Capital. Both concurred that there are speed broadband into the Location of proposed resort site adjoining Kinabalu Park a lot of opportunities in the current property township since December market situation. “One needs to do his/her last year” said Tan. own research on the Developer’s background Attention Developers and Investors! and look for the game changer in the location, “With the current such as the surrounding infrastructure, etc” market sentiments and 2 A unique opportunity to develop a luxury eco-resort on 22.4 acres of cool pristine said Adrian Un. uncertainties, we think that highland forest land located at the foothills of Mount Kinabalu. The land comes with it would be good for us to comprehensively planned township in Klang fully approved development plan for a 192-room luxury resort and is on a CL title Owning over 40 properties to date, Faizul invite two of the property market renowned .” which can be owned by a non-Malaysian. The property borders directly on Kinabalu shared his current strategy of buying from speakers to share their views and tips” he Park, the Liwagu river and the main road from Kota Kinabalu to Kundasang with an a reputable developer in a high growth added. KLK Land is offering its latest 2&3-Storey uninterrupted view of Mount Kinabalu. Kinabalu Park is a major tourist destination area, investing long term and not to flip, Shop Offices, BSC Central 1, the very first and the gateway to Mount Kinabalu. and looking at surrounding connectivity The township is surrounded by NKVE, LATAR, phase of its Commercial Hub with main and accessibility. “Landed property below NSW, West Coast Highway, proposed DASH road frontage below RM1million and Ixora Accommodation: Facilities: RM700,000 in current market is a good buy and fronting the main Sungai Buloh- Kuala Residence’s final phase offering 22x75 64 / 1-room Villas, 40 / 2-room Villas (with Restaurant/Bar with Pool Deck, Health and security is key” he added. Selangor road. There are more infrastructure 2-Storey Terrace Homes starting from only living room) , 48 Hotel Rooms, Executive Spa Complex, Conference Room Access from main road and ridge top location enhancement initiatives already in the RM630,000. The first 2 phases of Ixora and Staff Quarters In the opening remarks by the Managing planning to further improve the township” he Terraces with 114 units has recorded 80% Director, Tan also shared with the audience added. The township of Bandar Seri Coalfields sales. The final phase has seen 32% take up Asking Price on the development at Bandar Seri Coalfields. sits on one of KLK Land’s largest landbank rate to date. USD 3.75 million The township has completed the town park of 6,500 acres that stretches towards City of and just received approval to set up its own Elmina and Rawang South. For further information, kindly contact: Auxiliary Police team. The developer is also 1. Upcoming development, Parque Melbourne Nasran Harun at +60188318282 or [email protected] View from site in the final stages of bringing in schools, “Being the latest – we will strive to be the best 2. Crowd at the property talk

30 www.PropertyHunter.com.my www.PropertyHunter.com.my 31 FATHER’S DAY SPECIAL

A DAUGHTER’S FIRST LOVE

Every woman may not be queen to her husband but she is always a princess to her father. Mr. Chew Sang Hai and his daughter, Ms Fei Sean of , shares with us the strong bond they have for each other in this sweet exchange of letters for Father’s Day.

By Property Hunter Photos by All4One Production

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Dear Da Bao Bei, Dear Papa, Every relationship has its up and downs and ours is no different. This journey It’s been a very challenging yet rewarding experience working with you. But I am of being your father and also working together has been one exhilarating ride. lucky knowing that there is always someone there to support and guide me. And who better to learn from than your own father? Everyone is entitled to their choices and to pursue their own dreams. As a father, I can only set up a platform for you to follow your own path. Whatever I have been able to learn so much from you and your experiences. This has allowed you set your mind to do, I will always be proud of your achievements. But I am me to grow further. Our understanding of each other’s strengths and weaknesses so glad that you chose to get into this business with me. has made us better partners in work and in family.

Although we sometimes have our disputes, I see it as a blessing in disguise. Although it is difficult sometimes to separate the father-daughter I believe that by tackling the situations at hand has only strengthened our relationship at the office, I’ve learned not to let my emotions get the relationship. We usually settle it by coming to a compromise. Even though better of me professionally. This I find solace from understanding that you are in the end, I usually call the shots, but I am amazed and proud of your mentoring me in my career. Having a strong bond between us since I was young natural talents and you even possess the maturity of some of my colleagues has always been the cornerstone of our relationship. combined! I had always wanted to be an entrepreneur, exploring other possibilities out there. We have senseless respect towards each other and I still take your opinions Gradually, you inspired me to get into the property business, because I saw lots into consideration. I have always seen a leadership character in you, which I of potential to succeed. Living up to your standard would always be my main know will help our family business grow even more significantly. challenge. But you will always be someone I look up to as a role model, an example for me to emulate. I will always try my best to make you proud! However, it’s always important to remember what I have always taught you. And that is to always be sincere and transparent in your dealings and One of the things that you’ve taught me in the property business is that there are interactions and that sometimes, it’s alright to be second best in anything. no hard and fast rules and that has made me learn to be more equipped with information and to constantly be quick on my feet, to think outside the box, and Your easy going and friendly attitude have won you many friends at whichever to differentiate myself from others. This, I believe, has made me become more juncture you go, and it’s something I wish I had when I was your age. innovative and become more sensitive to the ever-changing demands of the market.

But also, be innovative, always strive to be different, because what But the most important thing that I admire and have learned from you in this differentiates people in this industry, is being from nobodies to somebodies. business is to be trustworthy and sincere. I can see that a sustainable business is You know that I had come from a poor background and most of my life, I have built on a strong foundation of trust and sincerity. It goes the same outside of work, had to work very hard to be where I am today and to give you the things that I and I strive to apply it in my interactions with others and in my daily life. didn’t have growing up. Your words of wisdom and encouragement will always resonate with me. Back You still have a long way to go, but I can see a very bright future for you. Your in 2010, when I had just returned from my studies in Canberra, I experienced a sheer determination will take you very far into the horizon, somewhere I major culture shock. I was having a hard time adjusting to the living and working myself, might not be able to venture. You have made me very proud just by environment here in KK. I felt a major sense of loss of direction and purpose. being yourself and I cannot have asked for a better daughter than you. One day after work, you sat me down and shared with me your experience on getting your first job in KK. Coming from a poor family, you told me that in life, From Papa. nothing comes easy. But we need to endure the challenges and that with every cloud, there is always a silver lining. You reminded me that I needed to reconcile with myself and to be strong when facing challenges. You also told me to have determination and although I know I have disappointed or even failed you in the past, you have never given up on me. Thank-you for always believing in me.

Happy Father’s Day, Papa.

From your Da Bao Bei.

34 www.PropertyHunter.com.my www.PropertyHunter.com.my 35 PROPERTY SHOWCASE

GLENEAGLES: IN THE ARMS leneagles Kota Kinabalu is stones and biliary calculi. We are also OF ONE WHO CARES a multi-specialty tertiary the only hospital in Sabah to offer hospital, equipped with interventional radiology services and Gleneagles Kota Kinabalu, a newly-built hospital that stands tall state-of- the-art technology hepatobiliary surgery. Gand designed to meet the Joint in the capital city of Sabah. The hospital offers a diverse range of Commission International (JCI) and A new Centre for Bariatric and healthcare and patient-care services from compassionate medical Malaysian Society for Quality in Health Metabolic Surgery is also offering professionals. An off-shoot branch of Pantai Medical Centre Sdn Bhd (MSQH) accreditation standards. screening, counselling and surgery under Parkway Pantai Limited, Gleneagles Kota Kinabalu incorporates We also aim to be the new referral for overweight or obese patients the well-established Gleneagles brand with its facilities and high- centre in East Malaysia and to target with Type 2 Diabetes Mellitus. Soon, quality amenities. Leveraging cutting-edge technologies and a team international patients from Indonesia, the hospital will have a Centre for of passionate and highly qualified staff, the hospital is committed to Brunei, Korea and Japan that seek Neurology, providing treatment for quality and reliable medical care. diseases of the nervous system as providing patients with the outstanding Gleneagles touch, in keeping well as neuro diagnostic tests. with its tagline, “In the Arms of One Who Cares”. With a total capacity of 200 inpatient beds, 73 Medical Suites, 6 Operating Gleneagles Kota Kinabalu is By Gleneagles Theatres, 15 Intensive Care Units, 7 supported by First Ambulance, a CENTRES OF EXCELLENCE Neonatal Intensive Care Units and service that consists of Grade A Women And Children Care 6 Labour & Delivery Suites, it is now ambulance, manned by ACLS trained Obstetrics & Gynaecology | Paediatrics | Paediatric Surgery | possible at Gleneagles Kota Kinabalu paramedics. They are able to provide Paediatric Ophthalmology | Lactation Consultation | Breast & for patients to receive quality health pre-hospital care and are available 24 Endocrine Surgery | Neonatal ICU care, at competitive prices. hours, 7 days per week. Bone & Joint Care Orthopaedic & Trauma Surgery | Spine Surgery | Rheumatology | Gleneagles Kota Kinabalu’s Gleneagles Kota Kinabalu is strategically Physiotherapy | Occupational Therapy extensive medical services located along the coastal highway of Emergency & Critical Care is part of our “Centres of Kota Kinabalu, close to the heart of 24-hour Accident & Emergency Department | 24-hour Ambulance the city and is less than 10 kilometres Service | ICU & Neonatal ICU | Intensivist Excellence” which include away from Kota Kinabalu International Cardiac Care Cardiac Care where we Airport. The hospital neighbours with Cardiology | Interventional Cardiology | Cardiothoracic Surgery | provide diagnostic and other notable landmarks such as the Catheterization laboratory interventional procedures, Golf & Country Club, Digestive Health Care KK Times Square, Imago , Gastroenterology | Endoscopy |Hepatobiliary Surgery the upcoming transport-interchange Digestive Health Care, Bone & Joint Eye Health Care Care, Women & Children Care and station, Wawasan Plaza, Harbour City Ophthalmology | Paediatric Ophthalmology | Strabismus Surgery Urology Care which offers full urology and Ming Garden Hotel. Together, Imaging Health Care they will form the future – The new KK services including the Extracorporeal Interventional & Diagnostic | Radiology | MRI Scanner | CT Scanner Shock Wave Lithotripsy (ESWL), a Southern City Hub. | Digital Mammography | Bone Densitometry System | Fluoroscopy non-invasive treatment of kidney

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2016. With practical layouts and a choice of 3 design types from MCT completed its first project 750 sq.ft. to 950 sq.ft., the selling – USJ One Avenue in 2004 and price from RM100,000 will appeal launched its first integrated to all. Registration is now open development – One City in 2011. for RSKU application and the To date, MCT has successfully show unit is available for viewing. completed projects with total GDV of more than RM1.5 billion. MALAYSIA’S INTEGRATED The projects in the pipeline DEVELOPER include One City Phase 3, MCT Berhad (“MCT”) was LakeFront Residences, LakeFront 1 successfully listed on the Main Villa and Cybersouth township. Market of Bursa Malaysia ollowing its successful REGISTRATION Securities Berhad on 6 April 2015 For further information, please launch, CasaView has OF INTEREST FOR following the completion of a contact: MCT Gallery on +6019- achieved a total sales TOWNHOUSE reverse takeover (“RTO”) exercise 243 5071 or visit their website take-up rate of 70%. The MCT is set to introduce the that saw GW Plastics Holdings at www.cybersouth.my or Waze F20’ x 70’ and 22’ x 75’ link homes third phase of Cybersouth to Berhad being renamed as MCT “Cybersouth Show Unit”. of CasaView have favourable the market very soon following Berhad. The new core businesses sales figures of 98% and 30% the successful sales of Phase for the listed entity are divided respectively. Limited units are 1 and the positive response of into 3 key segments including available with the show unit Phase 2. The stylish and elegant property, construction and now ready for public viewing. FEATURED EVENT townhouses feature built-up other related businesses. As an CasaView offers practical and area from 1,100 sq.ft. and an integrated property builder, the comfortable living spaces with indicative price from RM400,000. MCT Group of companies have spacious layouts for the whole Registration for the townhouse is been actively involved in property Casaview Sales Gallery family. The guardhouse ensures now open and interested parties development since 1999. the safety and security of the can register at www.cybersouth. Launch neighbourhood. Residents can my. enjoy relaxing outdoor living Cybersouth’s Property Gallery hosted the vibrant ‘Family Day’ with the 15 feet back lane as the RUMAH SELANGORKU themed event at its sales launch of CasaView on 7th and 8th May ideal setting for a stroll along (RSKU) OPEN FOR 2016. A strong crowd of over 1,000 members of the public were the shaded tree-lined walkways REGISTRATION present. Family-friendly activities were held such as children’s and landscaped gardens. In line with the Selangor trampoline, clown with balloons, wall climbing, DIY workshop government’s initiative to offer affordable homes to the Rakyat, corner and photobooth. Cybersouth will be launching the Rumah Selangorku homes in By Property Hunter

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1. ­­­Façade of Cybersouth’s CasaView 2. Living and dining area of CasaView 3. Potential investors keen on the project 4. Part of the crowd at the sales launch

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he 3-day event, which took place on May 13th - 15th, drew attention to many passionate local homebuyers and investors. The expo saw 22 developers showcasing more than 30 projects. With the subdued property market, the potential homebuyers showed more interest in projects in Sabah and Peninsula. SPECIAL EVENT T Amongst the local developers present at the expo were Wah Mie Group, Hap Seng Development Sdn Bhd, The W Group, Mah Sing Group, Pacific Sanctuary, Interland, Blu PH EXPO TAWAU Waterfront Development Sdn Bhd, Cahaya Hartamas Sdn Bhd, New Kimanis Town, to name a few. YOUR PASSAGE TO THE LATEST PROPERTY DEVELOPMENTS The team plans to continue delivering and creating awareness to the public on the latest properties in the local and international markets. Having finished touring 3 major The Cat City awaits you. cities in Sabah, the team will now make its way to Sarawak to share their property knowledge and spread the good news. With a number of sales made in Sandakan in April, the Next stop, The Cat City. PH Expo will hold its event at Boulevard Shopping Mall Property Hunter team has once again successfully delivered a from July 20th - 22nd. Save the dates in your calendar! For more information about reputable expo. the expo and forthcoming expo destinations, please visit the PH Facebook Page and website at www.propertyhunter.com.my By Property Hunter

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1. Potential Buyers 4. Homebuyers show interest 2. Crowd photos 5. Visitors talking to sales 3. Sales representatives

40 www.PropertyHunter.com.my www.PropertyHunter.com.my 41 NEWS Kg Sembulan Squatter Demolished SB Forty-two squatter houses in Kampung Earlier, police had arrested 135 people from Sembulan have been demolished by the area during an operation, early Tuesday morning from 2am until 6am. City Hall on Tuesday (May 3rd), as reported in New Strait Times. District police chief Assistant Commissioner M Chandra said the operation had also marked The recently appointed mayor Datuk Yeo houses for future demolition. Boon Hai said, during a ‘gotong royong’ session at the village last month, that they had 1 More than 500 personnel from City Hall, police, received complaints from locals about the A brisk clean up [of rubbish] was carried out Immigration department, Fire and Rescue mushrooming illegal settlements in the area. few days prior to the eviction and demolition. Department, Health Department and a utility For the safety, privacy and hygiene of the locals, company were involved in the operation. “After a discussion with such action should be carried out. assemblyman Datuk Edward Yong Oui Fah and The demolition of the squatter houses will be the National Security Council, we have decided “We had issued a notice to them in advance carried out progressively. to demolish those premises. for them to move out,” he said during the demolishing work this morning.

Thinking “Inside” The Box SB

Thanks to the constant innovation, there Glowbest Sdn Bhd is one of the earliest utilized for partner banks as well as clients. are many technologies and gadgets that developers in Sabah to introduce the usage can benefit our business. Undeniably, these of 360° Camera and Virtual Reality (VR) A company of 27 years, Glowbest Sdn Bhd technologies and gadgets can increase Photo to liaise closely with our stakeholders. has built a reputation rooted in reliability and work efficiency and productivity; the ability Who doesn’t love seeing behind-the-scenes accountability, producing quality properties to access information quickly and maintain footage? It’s compelling to see how the that has continuously thrived in the local constant communication at your fingertips is products operate on a day-to-day basis. market. The usage of innovative technologies such as the ones described above is part of 360° Camera is able to capture an entire 360° their continuous effort to interact closely with space with a single shot. VR photo provides clients and other stakeholders. an immersive virtual reality experience that allow you to instantly publish your photo Glowbest Sdn Bhd’s CEO added, “we have to spheres to various platform, such as Google be at the forefront of innovation, not for the Maps and Facebook. This is far more effective sake of personal satisfaction, but for the sake and valuable when compared to traditional of maintaining the company competitiveness”.

2 illustrations. To experience this technology in action, visit no longer a dream. The advantages are clear; As Developers, these gadgets are not limited their officer in Ocrhard Plaza (Tenom) to learn despite long distances, more work can be to marketing purposes. Progressive claims more about our latest development. done at a faster pace. can be conveniently verified for effective financial planning. Relevant images can be

Melbourne Sets to Double Stamp Duty for Property Purchase From July 1 IN

Victoria state to double stamp duty on “It’s only fair that foreign buyers of dwelling values surged 36 percent, only overseas buyers and land tax for absentee residential real estate, who enjoy trailing Sydney. Overseas buyers, including home owners will treble to 1.5 percent. The Chinese investors, have supported demand in Australian state of Victoria will more than the capital growth as a result of Australia’s largest cities. double a property tax for foreign buyers in Victoria’s livability and the amenity a move that may undermine surging home of our cities, contribute to the prices in the nation’s second-largest city maintenance of government services reported by Bloomberg. and infrastructure,” Pallas said in a The stamp duty surcharge will increase to statement. Foreign buyers don’t pay 7 percent from 3 percent and will apply to other taxes such as payroll and the contracts signed on or after July 1, according goods and services tax, known as GST. to a statement Friday from state Treasurer Tim 3 Pallas. The state government said it will also Melbourne home values rose 9.8 percent in increase a land surcharge on absentee owners the past year, according to data from research to 1.5 percent from 0.5 percent. firm CoreLogic Inc. Since capital city home 1. Kampung Sembulan squatter 2. Google Cardboard values troughed in May 2012, Melbourne 3. Melbourne, Australia

42 www.PropertyHunter.com.my www.PropertyHunter.com.my 43 FEATURED EVENT

MAKE ROOM FOR A PROMISING HOME IN BANDAR UTAMA, PETALING JAYA, SELANGOR

Step into Bandar Utama, a freehold enclave with unparalleled space, home to international businesses, a multitude of lifestyle conveniences, and some of the most sought-after residences, including 9 BUKIT UTAMA and THE EFFINGHAM.

By Property Hunter

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Lead Page • Night View of Bandar Utama Township

This Spread 1. The Club @ Bukit Utama Golf Resort 4. The Effingham Living Hall 4 2. The Effingham Exterior 5. The Effingham Dry Kitchen 3. 9 Bukit Utama Exterior 6. 9 Bukit Utama Master Bathroom 7. 9 Bukit Utama Study Room 1

BANDAR UTAMA’S LATEST DEVELOPMENTS 9 BUKIT UTAMA, a condominium development PRIVATE PROPERTY SHOWCASE IN KK encompassing a vast 7.5 acres surrounded by 9 Bukit Utama and The Effingham beautiful settings and resort-like environment, Date : 25th – 26th June 2016 offers spacious residential units ranging Time : 10am – 5pm from 2,286 sqft to 4,719 sqft. This upmarket Venue : Meeting Room 6, The Magellan Sutera, “Build-then-Sell” development is targeted at Sutera Harbour Resort, Kota Kinabalu families, investors, professionals, and MM2H 5 The developer is offering attractive promotions to candidates. The generous living spaces are interested buyers such as:- perfect homes for big families who enjoy • Legal fees for SPA and Loan Agreement borne by personal privacy and solitude within a home; developer or for the dynamic young couples ready to take • Complimentary 2-years Family Sports Membership at on the world in a big way and in big style. The Club @ Bukit Utama • In-housemortgage loan up to 90% Located across 9 Bukit Utama is THE • and more (Terms and Conditions apply) EFFINGHAM, stylish and stately Zero-Lot ABOUT THE DEVELOPER Bungalows spreading across 32 acres of land BANDAR UTAMA DEVELOPMENT SDN BHD is a leading property within the affluent neighborhood of Bandar developer in Malaysia, also one of the pioneering developers who heed the Utama. Comprising a total of 212 exclusive government’s call for more “Build-then-Sell” developments as advocated by homes when completed, unit sizes measure the Ministry of Housing and Local Government. between 5,654 sqft and 12,713 sqft. Also a For a first-hand experience of “Build-then-Sell” development, The Effingham Apart from residential developments, among the company’s other numerous Bandar Utama’s properties, contact is targeted at high income professionals, accomplishments are Shopping Centre – recognized by Forbes THE LOCATION families, and entrepreneurs; situated within a and CNN Travel as the world’s 4th largest mall; luxurious 5-star One World +603-7729 8363 or The award-winning Bandar Utama Township, township with green concepts, located within gated and guarded enclave. With a serene and Hotel – one of Petaling Jaya’s first 5-star hotels;First City University College a location envied by many and a sanctuary lush landscapes and open parks, yet in close picturesque environment offering nothing less – formerly known as KBU International College; The Club @ Bukit Utama – +6016-339 6168 for the privileged few, is located on a prime proximity to some of the best conveniences in than the best in urban living, The Effingham is fully equipped fitness club which also houses a 9-hole golf course; as well as More details are also available at freehold land within Petaling Jaya, Selangor. . a prestigious symbol of success, affluence and several commercial building spaces leased to corporate clients such as IBM, www.bukit-utama.com.my / www.the-effingham.com Bandar Utama prides itself to be a modern premier living standards. KPMG, Sri Pentas, etc.

46 www.PropertyHunter.com.my www.PropertyHunter.com.my 47 HOT TOPIC

KINSABINA’S ANTICIPATION TO BE ON BURSA’S LISTING

Sabah’s developer, Kinsabina Group, plans to go public and raise around RM400 million by the end of 2017. Its CEO, Datuk Francis Goh said that Kinsabina will list through Skim Jejak Jaya Bumiputera (SJJB).

By Property Hunter

48 www.PropertyHunter.com.my www.PropertyHunter.com.my 49 HOT TOPIC

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aunched by Prime Minister Datuk Seri Two companies in particular, Prestariang Bhd than RM1 billion in Kota Kinabalu over the in September 2013, SJJB - and Datasonic Group Bhd, have hit the RM1 next three months. It will launch Triconic jointly managed by Bumiputera Agenda billion mark in terms of market capitalisation. Tower, a 16-storey condominium some time Steering Unit (Teraju) and Ekuinas this month. In July, Kinsabina will launch LNasional Bhd - is part of the Bumiputera To name a few, the other listed companies Titanum Technology Park in Penampang, an economic empowerment agenda. under SJJB are Handal Resources Bhd, Theta industrial warehouse development Edge Bhd, Cypark Resources Bhd, Malaysian They were formed to provide comprehensive Genormics Resources Centre, Century The third launch will see the tourism project advisory support and to focus on building Software Bhd, Barakah Offshore Petroleum called Aman Pesona beach villa in Sabandar capacity to Bumiputera-controlled companies Bhd, Carimin Petroleum Bhd, EA Technique Beach. Kinsabina will also launch Royal with potential for listing. (M) Bhd and Sedania Innovator Bhd. Kinabalu Mountain Resort, a five star property worth RM100 million. Inclusive of this are the creation of a plan for Goh expects Kinsabina’s market capitalisation improving the sustainability of the business via to increase to RM3 billion from its current organic and in-organic growth, identifying the RM1 billion threshold. access to funds and improving governance process. “We have approached SJJB and plan to appoint advisers soon. We plan to raise around The objective is to increase the market RM400 million for expansion in all segments capitalisation of the companies to roughly of the property market. We are very bullish on RM7 billion to RM10 billion during the period. prospects. We are qualified to list based on our track record and performance. Kinsabina 2 Until August last year, 11 companies were aims to double its revenue to RM1.2 billion listed on Bursa through the scheme. Their this year. We are also targeting net margin of combined market capitalisation stood at 20 per cent or RM240 million”, he said. RM5.5 billion, compared with RM1.93 billion in 1. Wisma Kinsabina their first initial listing. Kinsabina is launching projects worth more 2. Datuk Francis Goh (Photo by Louis Pang)

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1 NEW KIDS ON THE BLOCK, he grand opening was officiated by spaced unit because of its good response BIG BATH OPENS 8TH STORE YB Datuk Teo Chee Kang, Ministry from their customers. The team has decided of Special Tasks Sabah by signing to convert a factory lot into a showroom for It was a memorable and exciting day for the Big Bath family as they the Big Bath Sabah Signatory their products, creating free spaces for local ventured and expanded their brand to Sabah. The official opening, TPlaque. The company’s directors, Mr and designers to showcase their products as well which took place on Sunday, May 15, saw an abundance of visitors Mrs Mun, Shane Mun, Edmund Mun and renting their 10,000 square feet exhibition and avid buyers at the store. Conan Teo also received good fortune flags hall space for any means of event. for good luck. “I personally want to share this concept; By Property Hunter 2 The showroom launch kicked off with none ‘Everyone can start small’. It took us around other than the traditional vibrant lion dance 80 days to build up this showroom from arrangement brought to us by SJK (c) Yik scratch. If I’m not mistaken, we officially Nam followed by 2 firecracker numbers. started on March 8”, Mun explained.

Big Bath is a one-stop bathroom and kitchen A big box concept has been implemented industry, established in the late 1970’s. As to create a more convenient method for the years progressed, the directors of Big developers and designers for a more Bath decided to bring more variety and compact way of traveling for roadshows. convenience to the public. This marks Big Bath’s 8th store in Malaysia, having open “We create a container box with everything stores in Kuala Lumpur, Kepong, Balakong, from aircon to furniture inside. It costs about Puchong, , and Ipoh. RM8,000 - RM10,000 to rent this container but the convenience of having everything “People usually buy their bathroom and inside a box is a new concept that we are kitchen items and designs internationally. trying to introduce to developers”, said Mun. So as a team we thought it would be a good idea to open a branch here in KK to change For more information about Big Bath Sabah, the trend and market”, said Shane Mun, call their Sabah branch at +6088-428 329 Director of Big Bath. or email them at [email protected]. 3 Or alternatively, please visit their website at 1. Grand opening of Big Bath (Sabah) He also added that after spending 2 years in www.bigbath.com.my 2. YB Datuk Teo Chee Kang signing the Kota Kinabalu, with its first store in Damai, signatory plaque they have decided to move to a bigger 3. (L-R): General Manager, Conan Teo and Director, Shane Mun

52 www.PropertyHunter.com.my www.PropertyHunter.com.my 53 NEWS Infrastructure to Enhance the Land-Rich State of Sarawak SW

The Sarawak property market will see One example is the boom town of Samalaju, with private sector investments. The 167 an increase in property pricing due to built to support the industrial node infrastructure contracts approved in 2013 many factors such as progress in the developing at the site, which is pursuing were worth RM4.22bil, or about 27% of the construction industry, Sarawak Corridor for the well-regarded Leadership in Energy and industry that year, in addition to 67 approved Renewable Energy as well as other projects Environmental Design (LEED) certification social amenity projects worth RM1.37bil. simultaneously taking place to enhance devised by the US Green Building Council. the land-rich state, as reported in The These figures were roughly on par with Starproperty.my. Samalaju will itself being the first “green- allocations in 2012, when 81 infrastructure certified” township in Malaysia if the LEED and 62 amenity contracts were approved, According to Oxford Business Group in a certification is achieved and approved of. worth RM3.09bil and RM567.8mil respectively. recent report, the construction industry has In the first half of 2014, a total of 37 seen a significant increase in activities over As such standards gradually catch on, a new infrastructure contracts worth RM1.17bil and a five-year period, between 2009 and 2013 wave of more efficient structures could take 13 social amenity builds worth RM132.3mil where the yearly value of completed projects their place alongside the state’s first green- were approved. had risen from RM4.88bil to RM8.04bil, certified building: the headquarters of Menara according to data acquired from the Sarawak Energy in Kuching, which earned a Among the big-ticket contracts currently Department of Statistics Malaysia (DOSM). silver rating under the Green Building Index dominating the sector are upgrades to a large (GBI) in July 2013. portion of the Trans-Borneo Highway. Work Construction in Sarawak differs on the state’s primary land route has been from the national construction The GBI, a system unique to Malaysia, rates stepped up in recent years, with RM500mil buildings as silver, gold or platinum based allocated for improvements in 2014, including trend. Instead of relying on the on six criteria: energy efficiency, indoor additional lanes in some sections. private sector for funds, funding environmental quality, sustainable site in this state is split evenly planning and management, material and This figure shot up in 2015 when the Federal between public and privately resources, water efficiency, and innovation. Government announced it was accelerating work on the 1,663 km under its purview (936 funded projects. Of the RM1.9bil Construction on Sarawak’s second green km in Sarawak and 727 km in Sabah) at a total of construction carried out in building, a new branch of the capital’s Kuching cost of RM27bil. Sarawak, in Q3 2014, some North City Hall, was initiated in March 2014. A RM929.55bil was spent on public component of the city’s “clean, beautiful, safe” Both local and national construction campaign launched in 2013, in which the city companies are expected to bid for a slice of civil engineering projects as incorporates energy-efficient technology into the project in 2015, including Hock Seng Lee, compared to RM899.68mil spent new municipal offices, the building is to be IJM Corporation, WCT Holdings, Bina Puri on residential as well as non- completed by this June. Holdings, TRC Synergy, Naim Holdings and residential construction, according KKB Engineering. While the facility is not targeting official GBI to DOSM. certification, it will include a wide array of The 2015 budget also allocated RM943mil to green features such as LED lighting and use build and upgrade 635 km of rural roads in This trend looks to continue as 476 new of natural light. As of mid-2014, three of East Malaysia, while dozens of contracts are construction developments approved in Malaysia’s 29 GBI-certified buildings were in being tendered for hundreds of kilometers of 2013 resulted in RM15.28bil as well as one Sarawak. new and upgraded roads to support Score. project in excess of RM1bil as reported by the Construction Industry Development The Malaysian government has been Board (CIBD). Later in the first half of 2014, an pumping billions of ringgit into infrastructure additional of 110 projects of RM2.03bil were projects to provide an extensive and stable approved. utility network, as well as an efficient and modern transport system. Oxford Business Group also reported that Sarawak’s largest driver of construction A huge amount of outlays at present is the Sarawak Corridor for from both federal and state Renewable Energy (Score). This development agencies in recent years to is a mammoth project having employed a install the infrastructure for large army of construction workers to build the massive Score project new townships and manufacturing centres. have been a boon to the construction industry, and Many large projects are on-going, for example have included several big- environmental-friendly building practices. The ticket contracts for multi- creation of new townships virtually overnight billion-ringgit projects. has given planners the opportunity to incorporate “green building” components into As a result, public building 1 construction at the earliest stages. projects have been on par 1. Kuching City Centre

54 www.PropertyHunter.com.my www.PropertyHunter.com.my 55 HOT TOPIC

MALAYSIA REMAINS ONE OF THE MOST ATTRACTIVE COUNTRIES FOR LONG-TERM INFRASTRUCTURE INVESTMENT

Arcadis Report finds strong economic performance and an increase in government investment infrastructure appeal

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Malaysia remains the second most projects include 93,000km of new lower score for economic factors, attractive country for infrastructure roads, increasing the road network it maintains a strong overall investment in Asia and is now by 68%, while investment in urban economic environment. Whilst in fifth place globally in the third rail saw a 32% increase. most projects have traditionally edition of the Global Infrastructure been publicly funded, Singapore Investment Index, according to Experience from other countries is seeking to develop involvement Arcadis, the leading global design indicates that, in the race to achieve from private institutional investors. and consultancy firm. The report the 2020 goals, a key challenge Work is underway in the city-state highlights the most dynamic and faced by Malaysia will be to ensure to improve understanding of attractive markets for infrastructure that the quality and sustainability infrastructure as an asset class to investment worldwide. of the new infrastructure are not make it more attractive to investors, compromised. Also, in the short part of which includes the Malaysia’s strong economic term, investment is threatened development of new benchmarking performance and continued long- by a number of risks, including its tools. term investment in infrastructure currency depreciation against the have made the market attractive dollar and a high-profile corruption By comparison, in terms of for private/inward investment. The scandal that has delayed some economic scores, China ranks government’s 11th Malaysia Plan, projects. first among the 41 countries published in May 2015, emphasised analysed, yet its less attractive the importance of infrastructure in Neighbouring Singapore retained business conditions and higher achieving Malaysia’s transformation its position as the world’s most risk environment keep it ranked at into a fully developed nation by attractive market for infrastructure number 17 in . 2020. The plan sets out a continued investment, with its stable political focus on the strengthening of situation, secure business enabling infrastructure to boost environment and strong growth productivity and support economic potential. expansion. Major projects to be completed by 2020 include the Singapore ranked consistently Klang Valley MRT Line, the 2,000km highly across business, risk, pan Borneo Highway and the West infrastructure and financial Coast Expressway. Completed indicators, and despite a slightly

THE TOP TEN MOST ATTRACTIVE COUNTRIES

FOR LONG-TERM INFRASTRUCTURE THE RANKINGS FOR ASIA PACIFIC COUNTRIES INVESTMENT IN 2016 ARE: RANK COUNTRY CHANGE FROM 2014 2014 2012 1 Singapore = 1 1 2 Qatar = 2 2 3 UAE = 3 4 4 Canada = 4 3 5 Malaysia +2 7 7 6 Norway = 5 6 7 Sweden -2 5 5 8 USA = 9 11 9 UK +1 10 13 MALAYSIA JAPAN KOREA INDIA PHILIPPINES 10 Netherlands +1 11 9 2 4 6 8 10 APAC Ranking APAC Ranking APAC Ranking APAC Ranking APAC Ranking Graham Kean, Head of Client Solutions at Arcadis Asia, said: Kean added: “We have already seen Asia-based investors taking 2016:5 2014:7 2016:12 2014:15 2016:20 2014:21 2016:23 2014:23 2016:28 2014:29 “The index gives us valuable insights into how long-term political positions globally as infrastructure becomes an increasingly and economic stability leads to greater investment, so it is no popular asset class for private sector investors, particularly in times surprise that Malaysia and Singapore remain at the top of the of increased risk and uncertainty. Income streams are relatively table. In the region as a whole, there is clearly a lot of social and more stable and will be around for 30 years or more, the sort of public need for new infrastructure. There are a whole host of timeframe some investors are increasingly drawn to. Short-term project ideas and plans out there, but they are not investible or impacts can also create investment opportunities, such as a bankable enough, which is the basic problem. The key to unlocking change of government or currency devaluation, and these need to SINGAPORE AUSTRALIA CHINA INDONESIA THAILAND investments in the region hinges on making the projects bankable, be weighed with the underpinning long-term situation.” an area which we have been supporting.” 1 3 5 7 9 APAC Ranking APAC Ranking APAC Ranking APAC Ranking APAC Ranking 2016:1 2014:1 2016:11 2014:9 2016:17 2014:17 2016:21 2014:23 2016:25 2014:20

58 www.PropertyHunter.com.my www.PropertyHunter.com.my 59 NEWS Ice-Cold Cocktails at the ICE Gallery WM

More than 100 guests followed IJM LAND’s or short ICE, came from a natural flow of spaces who wanted to know more about the future invitation to experience an intimate cocktail which has been converted into seemingly development of PSP or the architecture of the session in a unique setting at Pantai Sentral organic model displays and sculptures. He gallery. Once finished, Pantai Sentral Park will Park’s ICE Gallery on Friday, April 22nd. The described the concept behind the gallery as “a comprise 13 phases divided into commercial evening aimed to convey an image of the values multifunctional set-up whose flowing spaces and residential areas that will spread over an of Pantai Sentral Park to the audience, focusing create a beautiful backdrop for events of any area of about 58 acres. Property in the first two on the things that make life worth living in kind that will leave a memorable and lasting residential phases Inwood and Secoya is highly harmony with nature. impression on the visitors”. sought after and all those interested in investing should not wait much longer. JAttendees of the event were welcomed by The team of Pantai Sentral Park invited emcee Maggy Wang who opened the night with professional mixologist and 42 Below Cocktail For more information please visit www. an introduction highlighting the distinct location World Cup 2008 Champion Joshua Ivanovic to pantaisentralpark.com. and unique selling features of Pantai Sentral pamper the sophisticated taste buds of the Park, or PSP. The new township in the centre of selected clientele with his premium cocktail the New Golden Triangle in Klang Valley is also creations. Not only did he play his part behind known as Kuala Lumpur’s One and Only Urban the bar in serving colourful drinks, he also made Forest City, a name the project truly lives up to the stage his own in order to talk about his thanks to its proximity to a 200-acre forest park journey of becoming a world class bartender that future residents of PSP will be able to use who worked for acclaimed cocktail bars like Milk for their recreation and the township’s concept and Honey or Mahiki in London. Entertainment of bringing the community and nature closer and educational purposes met when Ivanovic together. A short video was also shown outlining demonstrated his craft to the eyes of the EXCLUSIVE REPORT more of PSP’s key features like its connectivity curious audience who may have caught a trick 1 to the New Pantai Expressway, pedestrian or two they can put to good use at their next focussed amenities such as commercial cocktail party at home. The master mixologist, precincts within short walking distances and a representing Cocktail-Solutions and Pernod Waterfront Park, and PSP’s first two residential Ricard Malaysia, understood well how to engage phases called Inwood and Secoya Residences. the spectators into his presentation and did not hesitate to answer arising questions. Senior General Manager of IJM LAND Berhad, Luxury Issue Mr. Hoo Kim See, took the stage to talk about Invigorated by tasty canapés and cool drinks, all the vision behind Pantai Sentral Park and the guests were invited to explore the premises of Drive German, wear Italian, drink Scotch and kiss French. Luxury is in each architectural uniqueness of the ICE Gallery. The the ICE Gallery. Helpful Pantai Sentral Park staff 2 detail where quality attracts quality. inspiration for the IJM Land Centre of Exhibition, provided advice and assistance to everyone

Dubai Launches First Flight in Its World’s ONLY 7-Star Airport IN

As part of the Emirate’s Expo 2020 plan, the which is expected to attract 25 million visitors, ambiance and excellent service. The stage is newly built VIP Terminal at Dubai South’s with VIPs, business and government travelers now set for robust growth in Dubai’s luxury Aviation District marked the beginning of amongst them. travel sector.” operations with its first flight departure, as reported in Newfoxy. The 5,600 m2 stand-alone terminal, which will The launch of operations at the VIP Terminal is a operate 24 hours a day, 7 days a week, is located significant step towards realising Dubai’s vision According to reports, the inaugural flight was midway between Dubai and Abu Dhabi. as the aviation capital of the world. a private jet carrying 13 passengers to the Maldives. Equipped with the finest luxurious interiors, the “Dubai South’s Aviation District is well equipped terminal will feature top-of-the-range facilities with world-class infrastructure and facilities to The terminal will be the gateway for Expo 2020, and lounges, as well as exclusive services for VIP support business aviation and the VIP Terminal guests. will not only serve to bridge a definite gap in the market but will also redefine standards of Khalifa Al Zaffin, executive chairman of Dubai success in the aviation industry, worldwide.” Aviation City Corporation (DACC), said: “The flight is an important milestone for Dubai South and for Dubai’s aviation industry as a whole.

“It brings into operation a truly beautiful facility 3 that sets new benchmarks in terms of luxurious 1. Organic and natural shapes characterise the interior design of the ICE Gallery 2. All those interested could get a deeper insight into the development of Pantai Sentral Park 3. World’s first 7-star airport now open in Dubai

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LUXURY IS… MORE THAN JUST type of tourism increases, some prestige LOCATION, LOCATION, LOCATION real estate markets, particularly those in Conventionally prominent addresses resort destinations, are seeing increasing Understanding the 1 and valued postcodes are no longer demand for luxury homes with spaces the outlining baseline notion for luxury that have the flexibility to adapt to homes. High Net Worth Individuals generational diversity and entertaining (HNWIs) are expanding the rims of requirements. traditional luxury milieus and are keen to pay a premium in emerging luxury LUXURY IS… ULTIMATE PRIVACY areas if the facilities and lifestyle offerings The age of the smartphone and its 10 are right. The development of high-end extensive social-media feeds has brought AFFLUENT DEFINITIONS commercial real estate is also driving this 6 an increasing inclination for privacy, OF LUXURY TODAY... phenomenon. particularly for high-profile and celebrity buyers of luxury homes. A key facet of What qualifies as “luxury” inthe LUXURY IS… CONSCIOUS LIVING many of today’s highest-end listings is Home Lifestyle residential property sector differs Owning a home that doesn’t negatively ultimate privacy and seclusion. greatly from market to market, THE CRÈME DE LA CRÈME OF GREAT COMFORT AND LIVING. FROM THE COLLECTIVE INSIGHTS AND KNOW-HOWS, WE HAVE impact the community - and one that can both in terms of price and traits of FASHIONED A SNAPSHOT OF LUXURY HOME BUYER PREFERENCES. WHAT THE WORLD’S WEALTHY CONSIDER THE MOST even bring positive meaning - is attractive LUXURY IS… COLLECTIBLE NOVELTY a home. Much like beauty, luxury 2 DESIRABLE FEATURES, AMENITIES, AND STYLES IN LUXURY PROPERTY ARE ALWAYS EVOLVING. to wealthy buyers. The demand for more Trophy real estate is the ultimate differs from each observer. Often viable and hale and hearty environments collectible treasure. Like buying a elusive, sometimes overused and By Property Hunter has placed greater importance on high-valued artwork, trophy residences overrated, but always out of the 7 knowing where and how products can cook up the passions of ultra-high- ordinary, “luxury” means different are manufactured and has driven a net-worth individuals (UHNWI). Many things to different people. In its movement towards conscious living. developers of ultra-luxury properties eclectic sense, luxury connotes Affluent buyers today are progressively have solid collectible concepts right into quality, refinement, and exclusivity. looking for closeness to a lively community their noses with limited-edition structures But in the exclusive world of rich with cultural attributes and outdoor and one-off creations by highly regarded prime real estate, its definition activities. international architects and designers. also encompasses changing

lifestyles, shifting economic hubs, LUXURY IS… EXPERIENTIAL LUXURY IS… TURNKEY-READY the need for greater privacy, and Today’s new wealthy consumers are Many homebuyers are willing to pay a environmental concerns. more informed, more globally exposed, premium for the convenience of a “just 3 and more sophisticated than previous 8 bring your toothbrush” property, fitted generations. Baby boomers, in particular, with fine odds and ends that boost are now “less materialistic and more a luxury lifestyle. Brokers reported experiential,” noted Cognizant in a luxury an increased interest in brand new retail trend study. The worlds of high- residences, with buyers happily paying value art, education, travel, luxury goods, a premium for security, concierge, and and architecture are colliding. This shift other luxury amenities. toward experiential luxury is similarly reflected in the amenity and lifestyle LUXURY IS… A BLANK CANVAS preferences of HNW home buyers. At the other end of the spectrum, some enthusiastic buyers are pushing the desire LUXURY IS… CONVENIENCE 9 for newness to new heights. Impeded by The revival of urban downtown cores a lack of quality inventory, more and more in many major cities and changing age ultra-affluent buyers wish to build their 4 dynamics are having a noteworthy impact own trophy homes from scratch. on the home-buying preferences of the world’s most well-off. As millennials grow LUXURY IS… UNDERSTATED up and baby boomers transition into Luxury is no longer about audacious life as empty nesters, many larger cities displays of wealth. Instead, scaled-back, are witnessing an increase of upscale 10 quality-over-quantity luxury will continue older buyers to urban areas. Residents to be one of the key creeds behind many of suburban areas are also increasingly stature property acquisitions. Luxury seeing a preference for urban amenities. buyers aim to be more discreet and less pretentious. LUXURY IS… AGE-AGNOSTIC Multigenerational travel (trips involving at least three generations) was dubbed 5 the biggest trend for 2014 by a luxury travel industry report. As growth in this Source: luxurydefined.christierealestate.com

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Benefits of investing in First of all, we should define what a luxury property is since luxury is quite a subjective term. Remember that a high price tag does not mean that you are buying a high-end property. However, we can determine some features that characterize a luxury property. A luxury VERSUS Luxury Property property must be unique and exclusive, regardless of its reasons. It must also offer something especially desirable so that people are ready to pay a higher amount of money premium for it. MALAYSIA THE REST OF THE WORLD This can be due to its design, location, amenities, privacy, security… You name it. It is important to understand what features • They want privacy and security, Penang, as an example. This property mark a luxury property before making an sometimes to the point of seclusion. development puts its focus on delivering FREEDOM & PRIVACY have always shown high demand, THE BOTTOM LINE investment because a hefty price tag alone • They want beauty inside and out, in smart security systems, 2 covered Buying your own home allows you the so we can tell that this kind of real Investing in luxury real estate can would not put a property in this category. It and can afford custom architecture, carparks, 24-hour security and CCTV, huge freedom to make changes, updates estate properties is a great investment be more exciting than investing in has to be deemed unique and exclusive, in custom design, over-the-top attention infinity pool, fun jet whirlpool, children’s and improvements as you wish, opportunity that guarantees multiplied securities, from building a custom 1 6 a good and desirable way. People who are to detail and opulent finishes. playground, gymnasium, tennis court, creating an environment you’re proud returns in the future. home to flipping a mansion to buying wealthy will pay a premium for something • They also want amenities on top of billiard room, badminton court, sauna, to call home. a vacation property. You can enjoy that is perceived to be superior. amenities: a chef’s kitchen, luxury pool, multi-purpose hall, tropical garden, gazebo, SPECIFIC NICHE MARKET your luxury home as a resident, as a expansive master suite and outdoor BBQ area, viewing deck, outdoor sun-deck, MORE SPACE Luxury properties will always be in traveler or as a landlord. However, High-end buyers want access to luxury living space, not to mention home visitor’s carpark, fibre optics for fast Internet Many buyers these days are looking high demand. It is not for everyone, before you buy, make sure you activities like high-end shopping, dining, automation, motion detectors, car connections, Wi-Fi and Internet access to bunk up their square footage. but it is for a specific niche market, understand the features that create 4 and the arts, as well as proximity to other lifts and temperature-controlled wine coverage in specific areas. This private bay Thankfully, the luxury real estates in targeted at wealthy profiles such as lasting value in this asset class to get 2 luxury homes. A trophy address, like Park cellars. of peace and tranquility comes in at a price Malaysia offers a number of options high-profile businessmen, corporate the best return on your investment. Avenue in New York City, adds value. Many • They also want space. from RM2,950,000. ranging from condo units to single- executives, industrialists and those luxury buyers seek the natural beauty of family homes that offer the same who are unlikely to be impacted a waterfront location, or at least views In Malibu, California, for example, the The Ritz-Carlton Residences in Kuala amount of space as a home you’d by the economic and market of a river, ocean or lake. Others want average luxury home has more than 4,000 Lumpur, however, is in a completely find in the suburbs. Many even changes. That is the reason why homes in the quiet countryside or scenic square feet, and a $6 million-plus (≈RM24 different league of its own. Built to offer outdoor space, plus your own luxury properties still remain in high mountainside views. million) price tag. sophistication and exclusivity, the brand laundry, storage, bigger rooms, gym, demand despite the economic crisis. Source: www.investopedia.com is no stranger to the silk-stocking, upper and much more! In markets where prices are generally lower, To name a few luxury residences around class population. With its convenience to INTERNATIONAL INVESTMENT a shy sum of as little as half a million dollars the world, Clermont Residence, Singapore’s shopping malls, business and entertainment HIGHER INVESTMENT VALUE Luxury properties are a great chance (≈RM2 million) is needed to own a piece of tallest building, designed by architects who centres and transportation expedience, it This is probably the most important for international investment and luxury real estate. However, one will need also conceived the and One almost mimics the lifestyle of those in Fifth reason to invest in a luxury real estate getting revenues and advantages 5 at least $1 million (≈RM4 million) to buy a World Trade Centre in New York comes at Avenue, New York. Blessed and pampered property. As properties are an asset that you won’t be able to find in the 3 luxury property in most major cities (in the a price from as low as S$1,932,480 (≈RM6 with 24-hour concierge service, prestige that rises in value at every instant, at domestic market. One can always USA), and the entry price point increases million). Bella Vista Luxury Villa in Mallorca, entrance drop-off, grand residential lobby, the same time, they are a “performing find and invest in exotic locations according to the cost of living standards; it is Spain sits at $10.6 million (≈RM40 million). card access to dedicated floors, video asset”, which means that they serve where you won’t have to pay annual $3 million (≈RM12 million) in San Francisco, A private residence in Laguna Beach, intercom system, housekeeping services, a practical purpose even as they gain property taxes or capital gains taxes $5 million (≈RM20 million) in Los Angeles California comes in at a jaw-dropping $45 luxurious custom-made kitchen cabinet, in value. Moreover, luxury homes on transferred properties. and New York, and $7 million (≈RM28 million (RM181 million). And yes, it is a amongst others, this development is your million) in London. private residential estate! key to living a lavish lifestyle. With a price tag from RM3 million (RM2, 579 psf), The Like most buyers, high-end buyers too have Whilst luxury properties worldwide focus Ritz-Carlton is poised to be the Upper East the preference of wanting many of the more on attention to details, opulent Side of Malaysia. same features that all buyers want, but on a finishing and almost maximal privacy, luxury grander scale. properties in Malaysia defers from this. Take 1 Tanjong Beachfront Luxury Condominium,

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A LOCATION WORTHY OF ONLY THE EXTRAORDINARY

Savour cosmopolitan living in supreme splendor with stunning views of the city skyline at Anggun Residences. Fronting the renowned The Row (formerly know as Asian Heritage Row of Kuala Lumpur), Anggun Residences is poised for strong capital appreciation potential in a location that is rich in history and cultural diversity.

The heart and soul of KL City, the area is a hot-spot for an astounding array of fashionable leisure and entertainment establishments, set against a backdrop of majestic pre-war buildings. Access to and from Anggun Residences is remarkably easy with immediate access from Jalan Sultan Ismail which is a main route within the central business district of Kuala Lumpur, and the AKLEH expressway for fast and smooth trips to KLCC, Mont’ Kiara, and Petaling Jaya.

Hassle-free trips in and around the city can be made with ease via the Medan Tuanku Monorail and Dang Wangi LRT stations which are a mere 5-minute walk from Anggun Residences.

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num num For the rich and oft-famous, nothing spells the good 6 5 life more than owning a luxury condo overlooking an iconic landmark and calling a piece of resplendent abode your home. Decked with tasteful interiors and unique architectures, luxury condos are the hallmark of great AROUND THE WORLD wealth and achievement. LUXURY Offering the very best of amenities that money can buy, from infinity pools, personalized yoga studios, and Park Avenue Penthouse, New York CitySpire Penthouse, New York private Jacuzzis to glamorous dance floors, roof gardens (US$95 million) (US$100 million) and million-dollar views of a legendary landmark, here This 13,550 sq. ft. iconic living space comes with heated bathroom Being the tallest terraced residence in the United States, nothing are 10 of the world’s most expensive condos around the floors, which are perfect for those chilly winter nights. It also features inspires like the CitySpire. Each unit of the 8,000 sq. ft. penthouse CONDOS world. Get ready to swoon! an amazing outdoor terrace that can hold up to 300 guests at a time. has an exclusive internal elevator and a 20-guest dining room. The The Park Avenue is only the second tallest residential building in New CitySpire Penthouse also comes with an additional staff apartment on York after the CitySpire Penthouse. the 72nd floor of the building and a 1000-bottle wine cellar.

num num num num 10 9 4 3

56 Leonard, New York The Clermont Residence Super Penthouse, Singapore One 57 Winter Garden Penthouse, New York Penthouse at the Pierre Hotel, New York (US$47 million) (US$47 million) (US$115 million) (US$125 million) A New York landmark, the 5,200 sq. ft. large 56 Leonard is almost Somewhere closer to home, the Clermont Residence Super Penthouse Another deluxe address in New York, the 13,550 sq. ft. penthouse With an area of 12,000 sq. ft., each penthouse at the Pierre Hotel is entirely made of cantilevered glass, with floor-to-ceiling windows and features a sprawling 21,108 sq. ft. living space with a roof garden that caters for the modern spiritualists with its in-house yoga studio. The equipped with four adjoining terraces, as well as luxury suites for both a lap pool and is expected to be completed this year. A masterpiece offers a sweeping view of Singapore’s gorgeous skyline. This three- penthouse also comes with a pet grooming room for your lucky the guests and staff. Got plenty of chores? Fret not as each penthouse by Herzog & de Meuron, the 56 Leonard is basically a vertical glass story penthouse is also the tallest residence in Singapore. Located at furry friend! In the weekends, disco the night away at the penthouse comes with two maid service staff, making everything easy breezy and expression of sculpted surfaces, nestled amidst the romantic and Tanjong Pagar, the Clermont signifies an unwavering commitment to ballroom that hosts up to 200 guests at a time. This palatial convenient! Situated on the famous Fifth Avenue, this penthouse occupies storied streets of Tribeca. craftsmanship and an unrelenting focus on genuine luxury. penthouse in Manhattan’s newest luxury midtown high-rise will have the 41st, 42nd, and 43rd floors of the Upper East Side hotel and has 16 floor-to-ceiling windows overlooking Central Park. rooms, six bathrooms and five fireplaces beneath 23-foot ceilings.

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The Opus Apartment Penthouse, Hong Kong The South Bank Tower Penthouse, London The Hyde Park Penthouse, London The Sky Penthouse in the Odeon Tower, Monaco (US$60 million) (US$90 million) (US$237 million) (US$400 million)

By far the most expensive apartments in Asia, the Opus Apartment This 5,200 sq. ft. beauty is one of the most lusted-after addresses in the This 17,000 sq. ft. penthouse comes with a golf simulator for those With a sprawling 30,000 sq. ft. interior, the Sky Penthouse is the where Penthouse offers a 5,409 sq. ft. living space that has a private pool on UK, situated on the River Thames and offering the most breathtaking who wish to tee off from up above. Worry about your golf ball to stay for those with really deep pockets. Each penthouse is equipped each floor. Planned and designed by the architecture maestro, Frank London view overlooking the London Eye. One of the latest luxury smashing the window? Don’t be. Each window in the penthouse is with a dance floor where party guests can shake it! It also comes with Gehry, who created the Walt Disney Concert Hall; each unit on the condos on the market, the South bank Tower Penthouse was only made of bulletproof glass. In case you’re worried about security, you an in-house caterer and a 24-hour concierge service. Want to make a Opus takes up a whole floor. It also features a private 1,508 square recently completed in 2015. will also be happy to know that the building is patrolled by Special splash? Just jump into the infinity pool or slide down the water slide. foot rooftop, complete with a Jacuzzi. Forces Guards for maximum security.

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70 www.PropertyHunter.com.my www.PropertyHunter.com.my 71 Developers Offer Creative Loan Packages to Entice Home Buyers WM Developers are offering creative financing only available to individuals who cannot obtain “There are a lot of industries now pulling back packages to attract potential home buyers, a mortgage from banks. and voluntary separation schemes (VSSs) given the sluggish property market and the are coming. Tesco just announced some stringent criteria of banks in granting housing For those who cannot afford to pay the down retrenchment and streamlining of their staff loans, as reported in PropertyGuru.com.my payment for a home outright, IOI Properties is and so forth. I think you can see that coming, offering a deferred payment scheme, whereby which definitely will put a lot of pressure on “The market was still flat in the first quarter, clients can pay it over 18 to 24 months. the property market. with some developers delaying their launches. They are trying to move whatever stock that Meanwhile, Tropicana Corp Bhd recently As such, the situation in the housing sector is is still available, and we have seen Sunway unveiled its ‘Just Bid It!’ campaign, wherein unlikely to improve in Q2 2016 and the entire Group, IOI Properties Group Bhd, Kuala customers can place a bid on a property their year is expected to be flat due to the soft job Lumpur Kepong Bhd and others coming with keen to purchase, but the developer will set a market and other uncertainties, he added. very creative financing packages,” said Foo Gee minimum price on the unit. Jen, Managing Director of CH Williams Talhar & Nevertheless, developers with good products Wong Sdn Bhd (WTW). “Some developers are indirectly and good track records will still be able to also giving discounts, in many generate sales, but the overall real estate “Definitely, we see that trend coming to sector will continue to be in the doldrums, with circumvent the fact that loans are getting other forms. That is the only way some home builders unlikely to achieve their tougher to get. So developers are actually to push the unsold stock that’s sales targets for 2016. offering a so-called olive branch to all these available,” he noted. people.” According to Foo, these companies are For instance, Sunway is providing loan resorting to these marketing techniques to packages covering up to 88 percent of a assist buyers and entice them in light of the property’s value for those who will buy a home weak market conditions. and sign the sale & purchase agreement from 29 March to 30 September. However, this is 1

Pan Borneo a ‘Game Changer’ - Najib SW

The Pan Borneo Highway project is a “game developments that come with it,” he said before “If in Serian, most of the contracts are awarded changer” as the costly 1,089km project launching Package 4 of the project at the former to the local Bidayuhs. Today, most of the stretching from Telok Melano in Lundu to Durin ferry site in Kong Yit Khim Road in , on contracts will be awarded to Class F contractors in will benefit a lot of people, reported Sunday (April 17). from the Iban community. The Borneo Post. Najib added that he did not want the Pan “For other places, we will also give the contracts Prime Minister Datuk Seri Najib Tun Razak said Borneo Highway to be like other mega projects, to the local community so that when they see this initiative required a lot of money, but it was such as the Bakun Hydroelectric Dam, where the highway, they will feel they are part of it. all for and by the people of Sarawak. the locals only see hanging cables but get no electricity in their longhouses. “They will have a sense of ownership, knowing Those who stand to benefit from its huge impact that the project is not for big contractors only. It include rural folk, Class F contractors, and Bakun, he pointed out, was done during the is for Sarawakians, and Sarawakians will reap its consultants. It also generates a lot of jobs for the tenure of the “prime minister who held the post benefits.” local community, he said. for 22 years”. Present at the event were Chief Minister “This is the game changer because it will bring “That is another story. Today, we are talking Datuk Patinggi Tan Sri Adenan Satem, This Special Feature is brought to you by rural folk closer to the urban areas, which about Pan Borneo Highway. Please do not Works Minister Datuk Seri Fadillah Yusof, means demand for their products will change. repeat the mistake done with the Bakun project. Minister of Infrastructure Development and Do not give contracts to those who cannot Communications Dato Sri Michael Manyin, “Besides cutting short travel time between deliver. We give contracts to locals who are Minister of Local Government and Community Sibu and Kuching from six hours presently to capable. Development Dato Sri Wong Soon Koh, Minister three hours in the future, the road will generate in the Prime Minister’s Department Datuk economy for the rural people. “We must make sure its spin-off take into Joseph Entulu, and State Secretary Tan Sri Datuk account the wishes of the local community.” Amar Mohd Morshidi Abdul Ghani.

Najib said 78 local Bumiputera companies Najib and Adenan later presented land would be awarded contracts for Package 4, compensation totalling RM9 million to land costing RM1.7 billion. The overall cost of the owners affected by the project. whole project is RM16 billion.

2 Package 4 covers a 76km stretch from Bintangor 1. Developers are offering creative financing Log-on to www.PropertyHunter.com.my/luxury for more exclusive reports “Hopefully, it will also change the mindset of junction in to Sungai Kua in packages to attract potential home buyers 2. Pan Borneo Highway planned route. and news on property local people when they see for themselves the District. 72 www.PropertyHunter.com.my www.PropertyHunter.com.my 73 DRIVE

A NEW ‘DAWN’ HAS ARRIVED THE NEW ROLLS ROYCE’S UNCOMPROMISED DROPHEAD LUXURY

Quite simply, it is the sexiest Rolls-Royce ever built; promising a striking, seductive encounter and a new age of open-top, super- luxury motoring. It will be the most social of super-luxury drophead motor cars for those who wish to bathe in the sunlight of the world’s most exclusive social hotspots. A rare, refined and the most social super-luxury car there is.

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he name ‘Dawn’ perfectly possible”, Torsten Mueller-Oetvoes, Chief Rolls-Royce’s new Dawn has taken suggests the fresh Executive Officer of Rolls-Royce Motor Cars inspiration from the Silver Dawn, whilst opportunities that every new delivering a world first in super-luxury day holds – an awakening, an The first part of this maxim,“Strive for motoring – a cool, contemporary opening up of one’s senses perfection in everything you do”, guides interpretation of what a super-luxury four- Tand a burst of sunshine. In its tentative, the company’s every action particularly seater convertible motor car should be. It is inchoate, anticipatory state, dawn is the during the creation of a new motor car. safe to say that the new Rolls-Royce Dawn world coming to light from the ethereal The second, “Take the best that exists and is the quietest open top car ever made. dark of the night. make it better”, has been clearly evidenced in the success of both Phantom Series II EXTERIOR DESIGN INTRODUCTION and Ghost Series II. The third maxim, “When The Rolls-Royce Dawn maintains timeless Compromise is not a word recognised it does not exist, design it”, came into the Rolls-Royce design principles – 2:1 wheel in the Rolls-Royce lexicon. The company picture when Rolls-Royce thought that it height to body height, a long bonnet, short continues to live by was time for an authentic front overhang, a long rear overhang, an the clarion cry of co- gentleman’s Gran Turismo to elegant tapering rear graphic and a high founder Sir Henry return to the world stage. shoulder line. All this tradition is delivered Royce to “Strive for in a beautifully thorough contemporary perfection in everything …Accept nothing Now, the final part of this design. you do. Take the best maxim has guided the that exists and make it nearly right or Rolls-Royce design and When viewing the Rolls-Royce Dawn in better. When it does not engineering teams as they side profile, one’s eye is instantly drawn exist, design it. Accept good enough. have worked to initiate a to the elegant profile of the car. The soft nothing nearly right or new age for open-top, super- top shape is completely harmonious and good enough.” luxury motoring. In a sector homogenous without the ugly concave exclusively populated by areas or sharp struts seen in other “The Rolls-Royce Dawn the biggest of automotive manufacturers’ soft tops. Roof down, the will itself prove to be the “ compromises, the 2+2 seat sexiness of the Rolls-Royce Dawn is even muse that leads its owner configuration, Rolls-Royce more apparent. to believe that at the start has chosen to “accept nothing of the day, anything is nearly right or good enough.”

76 www.PropertyHunter.com.my www.PropertyHunter.com.my 77 DRIVEDRIVE

From Dusk ‘Til Dawn – Illuminating Technology Shows The Way The most recent developments in LED lighting technology have also been applied to the Rolls- Royce Dawn. The way this light is managed is significantly enhanced by adaptive technology.

In addition, automatic dipping of full-beam headlights has been replaced with revolutionary new glare-free technology. When a car approaches, light is deflected to ensure the oncoming driver is not dazzled. Dawn drivers therefore enjoy the safety benefits of constant full-beam visibility.

Night-time driving safety is boosted by the head-up display and heat detection system that detects both human and animal heat signatures, and issues an audible warning to the driver of possible danger.

INTERIOR DESIGN for a Rolls-Royce was a fabric roof for light and aromas of the outside world. The first impression upon entering Dawn reasons of aesthetics, romance and TECHNICAL SPECIFICATIONS is of the four separate bucket seats set in brand appropriateness. Bespoke Audio the midst of a sumptuous and sartorial For those not so worried about silence slingshot of wood and leather. The Working with a fabric roof configuration, and more interested in sharing music slingshot concept runs from the driver’s the Rolls-Royce engineering team set and entertainment with their friends, A-post towards the rear of the car, themselves a challenging goal which they Rolls-Royce’s Bespoke Audio system has around the rear seats before returning to were unwilling to compromise on – to been specially calibrated for the unique the passenger A-Pillar. make the quietest convertible car in configuration of the Rolls-Royce Dawn. the world today. This quest for silence Finely tuned by expert Rolls-Royce audio Rolls-Royce’s unique coach doors come applied to all aspects of the engineering engineers, Bespoke Audio is the most into their own in a drophead format. of the new roof and by extension the new exhaustively designed automotive hi-fi It offers four very individual, cosseting motor car. system ever developed and has been seats providing comfort wherever you minutely calibrated to compensate for sit. The seats have been designed to help Firstly, the design of the roof had to be the dual personality of Dawn. emphasise the energetic, yet elegant graceful, beautiful and sensuous whilst remaining one of the largest canopies The Heart Of The Rolls-Royce Dawn intent and sense of purpose of the car, Dimensions Performance to grace a convertible car. The way the Driving Experience complemented by an intersecting full Vehicle length : 5285mm / 17.34ft Top speed : 250kmh / 155mph (governed) length centre console. canopy wraps around the rear seats The beating heart and soul of any Rolls- Vehicle width : 1947mm / 6.39ft Acceleration 0 - 100km/h : 4.9sec² and down over the window tops play an Royce motor car is the beloved twin- Vehicle height (unladen) : 1502mm / 4.93ft Evocative of the classic sports car profile, important role. turbo 6.6-litre V12 powertrain. With a Wheelbase : 3112mm / 10.21ft Fuel Consumption they add considerably to the easy entry power output of 563bhp or 420kW @ Turning circle : 12.7m / 41.7ft Urban : 21.4ltr / 100km / 13.2mpg (Imp.) and egress of rear passengers from Secondly, the actual opening and closing 5,250rpm and a torque rating of 780Nm Boot Volume (DIN) : 244ltr - 295ltr / 8.6 ft3 - 10.4 ft3 Extra urban : 9.8ltr / 100km / 28.8mpg (Imp.) Dawn’s luxurious embrace. of the roof mechanism had to be both or 575 lb ft @ 1,500rpm, Dawn’s driving Combined consumption : 14.2ltr / 100km / 19.9mpg (Imp.) beautiful and unobtrusive at the same experience is exceptional. Weight / range ENGINEERING & TECHNOLOGY time. And a Silent Ballet is what they Unladen Weight (DIN) : 2560kg / 5644lb CO2 emissions : 330g/km The Silent Ballet achieved. The new Dawn is Rolls-Royce’s most Engine ** These figures are subject to final verification Without question, the engineering powerful full four-seater drophead, thanks Engine / cylinders / valves : V / 12 / 48 highlight of the new Rolls-Royce Dawn is Operating in complete silence in just 22 to its advanced engineering, making it Fuel management : Direct injection seconds, and at cruising speeds of up the new roof. To be a true Rolls-Royce, lighter and more fuel efficient. Dawn’s Power output @ :563bhp / 420kW / 570PS @ 5250rpm to 50km/h this ‘Silent Ballet’ engages the Dawn had to deliver the hushed driving typical steering characteristics provide engine speed experience associated with all Rolls- majority of one’s senses as silence and superb driver feedback, ensuring that the Max torque @ engine speed : 780Nm / 575lb ft @ 1500rpm Royces. At the same time the only choice seclusion are exchanged for the sounds, car is effortless but precise to drive. Fuel type : 10:1 / Premium unleaded1

78 www.PropertyHunter.com.my www.PropertyHunter.com.my 79 La Belle Époque For their first collection, they got their history. The La Belle Époque collection, like a creative process naturally set the tone to their inspiration from what many see as an era soft nostalgia, revisits the elegance and chic of lighting fixtures. evoking a somewhat romantic take on a the late 19th century, when machine, in all its world in the midst of a unique technical and strength and might, also knew how to speak in Every object and lighting fixtures is inspired by cultural revolution. At the dawn of the 20th a soft and poetic voice. a notable character from that pivotal time in century, Paris, centre of the world, had its contemporary history. Sources of inspirations skies sheared and its guts spilt, making room In this first collection, we find mirrors, were the likes of famous writer Victor Hugo, for a new century where innovation would chandeliers, wine bottle wall mounts, a painter Henri Rousseau, restaurateur Auguste be complicit to man. The subtle marriage of decorative bowl, a recipe book stand and, Escoffier as well as Cléo de Mérode, an actress lace and steel was progress made flesh in soon, luminaires. Audrée revealed that they of rare beauty, and plenty of other characters. all its glory, and its ‘’Expositions Universelles’’ had wanted to try their hand with daily objects were kicking off a whole new page in modern on a small scale at first, and that the long

Technical Challenges

Simplicity often hides dire technical challenges, and as for this first collection, challenges have been great indeed. All objects, lighting fixtures and furniture are assembled without using any solder. Each piece’s shape is a masterpiece of ingenuity and comes from a long and deep reflection on how to achieve a result where matter dances in an unprecedented ballet of elegance and purity. “From an initially cold and even dirty material we FURNISH cut a raw diamond and created sheer jewels.” illustrates Félix. LAROSE GUYON Shining Light Through Style and Romance The two designers behind Larose Guyon have created their own world haloed in poetry, romance, elegance and beauty.

Since the launch of their objects collection in November 2015, Audrée L. Larose and Félix Guyon of Larose Guyon, have ramped up their creativity and are now offering three new sculptural lighting fixtures. For Larose Guyon, creating a new fixture is not only about style but about the light itself. During the creative process, the magic and warmth that create light and shadow are, for them, as important as the object itself. Larose Guyon’s lighting fixtures are as attractive as the atmosphere they create.

A Seductive Design The Rest is History Based in Verchères, on the outskirts of Montreal, Larose Guyon In 2014, Audrée L. Larose and Félix Guyon’s paths finally crossed. matches the use of choice materials with a great formal purity to After progressing for many years on the parallel fields of create high-end, original, distinctive items; meticulously crafted environmental design and industrial design, today they are two down to its finest detail. designers in love.

For the two designers, staying local is very important. Chiefly in a will to give work to local craftsmen, but also in the hope of being By combining both complementary visions, Larose Guyon able to offer a design that people from here can be proud of, all provides simple, elegant, functional objects. Through a romantic production and assembly is 100% made in Quebec. aesthetics of items of blatant luxury, haloed in warmth and humility, they infect daily life with poetry and beauty. As their approach is imbued with refinement and distinction, they get their inspiration from nature, art, past aeons and traditions. Branded with their love, Larose Guyon products are created, drawn and crafted objects cast in their image with the help of local artisans and their know-how.

80 www.PropertyHunter.com.my www.PropertyHunter.com.my 81 GADGET & WATCH Empowerment of technology State of the art technology: an expansive view of innovation

EXPRESS YOUR CREATIVITY WITH CANON POWERSHOT G5X BECOME THE MUSIC WITH KEF M500 PHANTOM 4, DJI’S SMARTEST FLYING CAMERA Canon’s new PowerShot G5 X, its latest addition to the OUR PICK Light, robust and supremely comfortable, the M500 Hi-Fi PowerShot G series line of premium digital compact cameras, Headphones are designed for people who are serious about is designed for focused composition and full visibility under Are you ready for the Phantom 4? Well, here it is. DJI’s sound. The M500s make high fidelity sound truly portable. challenging lighting conditions. The new model is equipped latest quad is the first camera-toting drone to make use of ARMIN STROM TOURBILLION They use a full-range 40mm neodymium driver with a high with a built-in EVF for brilliant image and colour reproduction “highly advanced computer vision and sensing technology,” quality copper-clad aluminium wire voice coil that’s been and a large one inch 20.2 megapixel CMOS sensor that renders SKELETON EARTH meaning even beginners will feel like seasoned vets while expertly tuned by KEF’s acoustic engineers to deliver a powerful higher sensitivity for superior image quality. The ergonomics flying. Moreover, with its included ‘follow me’ mode, musical sound with tight, clean bass. Elegant and distinctive, of the user interface has also been thoughtfully designed for Tourbillon Skeleton is a new timepiece specially obstacle avoidance, and tap-to-fly features, the Phantom 4 is the M500 has been carefully engineered in aluminium to a photographer’s ease of use. The PowerShot G5 X uses a designed to highlight its technical prowess. With undoubtedly the smartest quadcopter DJI has ever released. assure maximum comfort, ideal for prolonged listening. With 24-100mm (35mm equivalent) 4.2x optical zoom lens, which the constant rotation of the tourbillon, owners This creative collaboration comes via two newly added a sweat resistant, durable and breathable memory foam provides a good range of coverage in varied shooting scenarios. will observe the animation of the double going features: ActiveTrack and TapFly. This is the feature filmmakers earpad and headbag along the Smart Hinge, the M500 folds This versatile range covers wide-angle shots for group barrel while the watch is wound. The Armin Strom and photographers should be salivating over. Additionally, and rotates easily to adapt to different sized (and shaped) photography, in enclosed spaces and even telephoto range Tourbillon Skeleton Collection will be produced in the while flying, the Phantom 4 also makes use of its brand-new heads better than any of their rivals. It is designed to work with to get closer to distant subjects. The PowerShot G5 X is also brand’s signature elements of Fire (18k rose gold), Obstacle Sensing System, which allows it to send and avoid any most smartphones, computers and other mobile devices, and equipped with features such as 1080p Full HD video recording Water (stainless steel), Air (titanium) and Earth (black obstructions around it. Unparalleled technology, indeed, and features an integrated in-line remote control on a tangle-free (at 24p and up to 60p in MP4 format), movie editing functions, PVD coated stainless steel). a release which should only continue to pad DJI’s comfortable flat cable. The in-line remote allows you to switch easily and story highlights, and short clip movie feature. The camera also edge on its competition. www.arminstrom.com/en quickly between calls and music. comes with Wi-Fi and NFC connectivity which functions well with the Canon Camera Connect app which allows users to www.digitaltrends.com www.kef.com remotely control camera functions through an app.

www.canon.co.uk

82 www.PropertyHunter.com.my www.PropertyHunter.com.my 83 Here are some ways to get you started in scuring your kid’s future:

Set up a Junior Savings Account The easiest way to start setting aside money for your kid’s future is by 1 opening a junior savings account, which usually offers higher interest rates than the regular savings account. You can start by putting aside RM100 every month and let the interest accumulate over time. Some of these savings accounts also offer cash rewards for good performance in public exams -- which is a good incentive to teach kids about hardwork and savings.

Buy an Education Plan A popular option for today’s parents is purchasing an education policy 2 from insurance companies, such as Prudential, AIA, etc. Not only does the education plan provide a tax-effective way to save up and HOT TOPIC finance your child’s higher education, it often also includes insurance coverage. On top of that, these education policies also opens up INVESTING FOR YOUR opportunity for you to invest in various investment-linked funds based CHILD’S FUTURE on your risk appetite and tolerance.

As a parent, you would want to provide the best things in life for your child that money can buy. Often, this would mean saving up and / Invest in Unit Trust Funds or setting up a tertiary education plan for your child. As the cost of Another type of investment you can consider is the equity or balanced education soars, it is wise to know your best options when it comes to 3 equity unit trust funds that offer at least 10% in returns as savings investing for your child’s future. When it comes to when, it’s never too for your children’s higher education. These funds can be monitored early to start saving up for your kids. Some parents even start as early online as your risk tolerance and circumstances change throughout as when their child is three months old! your investment period. You can start investing in specific education funds, such as Amanah Saham Nasional Berhad’s Amanah Saham When it comes to saving money, the earlier is always the better. Didik that offers an annual dividend of 6%. There are also various fund management companies, such as Public Mutual that has specific By Property Hunter education planning programs for you to choose from.

Refinance Your Home If you have a piece of property that has been paid off, or the mortgage 4 has been paid off significantly, you can also consider refinancing your home. Refinancing your property will liquidize it for your child’s university fund. A caveat, this option largely depends on your financial situation and capability to continue paying off the mortgage. This option is not ideal for those with low to moderate risk tolerance.

While you work hard to save and invest for your kids’ future, let’s also not forget to teach them to save money themselves. It can be as simple as saving up their ang pows during or saving their allowance for something they really want, like a doll or a fire engine toy truck. This will incorporate the virtue of temperance, which will help them go a long way in the future. Good luck!

84 www.PropertyHunter.com.my www.PropertyHunter.com.my 85 EPF Plans to Double Property Investment BK Malaysia’s US$178 billion pension The MSCI World Real Estate Index has gained fund plans to double its real estate 4.2 per cent this year, compared with the 0.9 per cent drop in the measure tracking the assets in the next few years as it world’s developed markets. seeks to diversify its holdings that are mostly invested in bonds and The Kuala Lumpur-based fund reported stocks, reported The Business RM44.2 billion (S$15.45 billion) of gross 1 income from investments last year, 13 per cent Times. more than it earned in 2014, helped mainly by EPF joins sovereign wealth funds looking to its strategy to invest in multiple asset classes The Employees Provident Fund (EPF), whose raise their global real estate investments. Oslo- globally, according to a Feb 20 statement. property investments include 11-12 St James based Norges Bank Investment Management, EPF paid out RM38.24 billion to its members, Square and the Battersea Power Station the world’s biggest wealth fund, aims to invest equivalent to a 6.4 per cent dividend rate, for project in London, is now looking at buying 50 billion kroner (S$8.2 billion) each year in 2015. more assets in continental Europe, chief properties while GIC Ltd, the manager of more executive officer Datuk Shahril Ridza Ridzuan than US$100 billion of Singapore’s reserves, EPF has 26 per cent assets tied up in overseas said in an interview in Kuala Lumpur Tuesday wants to focus on larger, deeper markets and investments and is “comfortable” with that (April 12). “gateway cities.” level, Shahril said.

EPF manages the retirement savings of more The Malaysian fund’s foreign real estate and The fund collects more than RM3 billion on than 13 million people. infrastructure investments have grown by an average every month from its members, average of more than 50 per cent per annum, who can opt to make a compulsory monthly “Our real estate exposure is very small, less according to its 2014 annual report. contribution of 8 per cent or 11 per cent while than 4 per cent, at this point in time,” Shahril employers add another 12 per cent. said. Since 2009, it’s been investing in property as a hedge against inflation. With 51 per cent of its Membership is mandatory for working “It’s the fastest growing part of our business. investment assets in fixed income instruments Malaysian citizens, or non-Malaysian citizens The goal is for private market assets to take and 42 per cent in equities as of Dec 2014, who are permanent residents. about 10 per cent of the total fund size in five EPF’s returns are influenced by interest rates to seven years.” and inflation movements.

Incentive From MyDeposit Scheme WM property developers have been looking to The event was officiated by Star Media Group build housing units that are below RM500,000. chief operating officer Calvin Kan. Also present were chief revenue officer Lim Bee Leng and The Government’s initiative has been a StarProperty.my assistant general manager positive sign for the developers to build more K.C.Tan. affordable properties. IJM Land and Ekovest Bhd will be joining most According to Ekovest Bhd managing director upcoming StarProperty.my fairs this year as 2 Datuk Seri Lim Keng Cheng, the company was the premium partner. Not only has the First House Deposit targeting to kick start its affordable housing Financing (MyDeposit) scheme received project based in Setapak this year and the “StarProperty.my is the right partner for us overwhelming public response, it has also MyDeposit scheme was very encouraging. because it is a good integrated property encouraged more developers to venture into consumer platform that provides property the affordable housing market, as reported in He also urged the Government to reconsider information to the readers and the market,” TheEdgeProperty. the Developer Interest-Bearing Scheme (DIBS) said Chong. for the first-time home buyers. National Housing Department director- Lim pointed out that had an general Mohamad Yusoff Ghazali announced IJM Land managing director Edward Chong influential presence among professionals and before that the MyDeposit scheme, which said young purchasers buying properties young readers, especially with the introduction was launched on April 6, had received 1,046 below RM500,000 were strongly encouraged of Internet subscription and online presence. applications within a week. to make good use of the scheme and apply for this financial assistance. The upcoming fairs will be held at Johor Baru Under the MyDeposit scheme, first-time City Square (July 22-24), Nu Sentral (Aug 15-21), homebuyers with a household income of Beside the Government’s initiative, IJM had (Aug 26-28), Publika Mall between RM3,000 and RM10,000 will be given aimed to facilitate the buying process through (Sept 26-Oct 2) and Kuala Lumpur Conven-tion a contribution of 10% from the sale price or a its Free Stay@No Pay campaign, added Chong Centre (Nov 18-20). maximum of RM30,000 (whichever is lower) for when attending the StarProperty.my Fair 2016 homes priced below RM500,000. Premium Partners Announcement Ceremony 1. Datuk Shahril Ridza Ridzuan 2. (From left): Bee Leng, Chong, Kan, Keng Cheng on Thursday (April 28). and Tan at the StarProperty.my Fair 2016 In the face of a market slowdown, more Premium Partners Announcement Ceremony

86 www.PropertyHunter.com.my www.PropertyHunter.com.my 87 HOT TOPIC

UnderstandingSPA the Sales and Purchase Agreement

It is quite normal for someone to feel anxious to sign the Letter of Offer and Letter of Acceptance while purchasing a property, notwithstanding the vendor or the purchaser. This insecurity is usually mitigated once something formal like the Sale and Purchase Agreement (SPA) is signed. It is crucial to understand every detail in the SPA because you are bound by whatever you sign. SPA is the main contract governing both parties and there are things that you need to fulfil like setting out the details of the agreed purchase price, condition precedents, the payment manner, the details of the property, loan, the manner of delivery of vacant possession and any other arrangement in this buy-sell event.

By Chris Tan, managing partner of Chur Associates

prudent buyer will always make Important things to know about SPA What is a Vacant Possession? Conclusion a conscious effort to view and inspect the property that will There is no such thing as a standard SPA The most important factor in the SPA will be When purchasing a property, your next major If you have purchased a house in the secondary Be meticulous, be scrupulous. form the main cast of the SPA as the spirit of an agreement is to set out the manner of payment, for both the vendor worry will be wondering when you will get the market, you will not notice the “Defect Liability Do not make assumptions, but Abefore committing to buy a property. This the terms that is mutually agreed by the and the purchaser. Penalty will be incurred vacant possession. ‘Vacant possession’ is a Period” clause in the SPA. A ‘defect liability make sure. No purchaser will is no different from purchasing directly parties. This is good news for homebuyers if the Purchaser unintentially neglects the legal term that means that the property is in a period’ is the warranty period which the want to jeopardize his/her deal or from developers, where potential buyers in Peninsular Malaysia as this is where the manner of payment of purchase price. competent state to be occupied. This means that Developer is contractually obliged to repair the ruin the happiness due to their can get a visual idea of the interested lawmakers have laid down the SPA terms Besides having to avoid the penalty, the this is when the access keys and cards of your defects which have appeared within the period own carelessness. It is always property by viewing its showroom. for Developers to adopt in the Housing purchaser will need to plan their cash flow newly purchased property are finally delivered of time due to defects on its materials caused prudent for the parties to inform Nevertheless, don’t expect your unit Development (Control and Licensing) ahead. The manner of payment in a sub-sale to you. For landed residential development during construction. Making a comparison their lawyer accordingly of their to look exactly like the showroom. The Regulation 1989 (“Regulation”). However, agreement will be less complicated as the by developers, vacant possession has to be with the Regulation in Peninsular and Rules in intentions and to enquire the beautifully decorated showroom is this benefit is not only exclusive to Peninsular. transaction period is shorter and the property delivered within 24 months. As for high-rise Sabah, the Regulation provides a better term to available protection for anything nothing more than an example for you Sabah also has a set of similar rules to the is usually ready to deliver. The norm will be stratified buildings, it takes up to 36 months in include a 24-month defect liability period than that matters in the sale and to get a sensibility of the sale unit. It has regulation that applies exclusively, which is the first 2-3% booking fee upon signing the Peninsular but still remain 24 months in Sabah the Rule’s 18 months. Contrary to the privilege purchase transaction, during the same function as the scale model of the Housing Development (Control and Letter of Offer, the remaining of the 10% as per the Rules. On the other hand, the delivery of having a developer’s warranty, the purchase the drafting of the SPA. Not after the whole development which is usually a Licensing) Rules 2008 (“Rules”). Developers deposit upon the signing of the SPA, then of a vacant possession for sub-sale will usually of sub-sale properties requires sufficient due signing on the dotted line. visual attraction in the middle of the sales may only amend the stipulated SPA if they are the remaining purchase price of 90% to be take 3 – 5 working days after the purchaser diligence of the purchaser when viewing and gallery. Thus, if specifications like the offering better terms, i.e. shorter delivery for settled within 3 months after signing the SPA. has settled the full purchase price. The SPA is inspecting the property before entering into the ceiling height, fixtures and fittings, parking, ‘vacant possession period’ or ‘longer defect There is an automatic further extension of 1 subjected to the tenancy when the purchaser is SPA. Due diligence includes checking every part building materials are of concern, it should liability period’. Although this set of SPA is month should the Purchaser fail to settle the purchasing a tenanted unit. The purchaser will of the house especially sewage, piping, leakage, be specifically highlighted in the SPA. This only applicable when one buys residential remaining 90% but only with the payment of be getting the legal possession as the owner electrical appliances, rooting and any other is applicable unless you are purchasing property from developers, it also serves as late payment interest. As mentioned, there is of the property but not the keys to the unit. fixtures and fittings to prevent any unexpected from secondary market. a good guideline for all other SPA terms to no standard SPA, one may decide to deviate Effectively, the rental and deposits shall be and undesirable situation. Should the purchaser follow, i.e. buying commercial property from from this norm if agreed by both parties. delivered to the purchaser by way of assignment require the repair of anything prior to vacant developers, or buying any property from the of tenancy. possession, the purchaser should make sure sub-sale market. As a result, it will absolutely that his or her lawyer highlight it in the SPA. reduce the amount of people who go to court because of the ambiguity of the signed SPA.

88 www.PropertyHunter.com.my www.PropertyHunter.com.my 89 Look Where Major Developers Are Building In the interest of simplicity, it is Developers such as Sunway safe to generalize that landed (Bandar Sunway Semenyih), SP properties within Klang valley Setia (Setia Ecohill), EcoWorld (Eco would yield lower rental yield Majestic), Tropicana (Tropicana percentage while holding higher Heights), UEM Sunrise (Serene capital appreciation potential. On Heights) has been branding Kajang the same token, the reverse is true and Semenyih making them into for high rise. An investor prioritizing the desired location for modern capital appreciation potential while G&G landed properties. taking a medium term duration At this juncture, be prepared to of 5 to 10 years should look into hear more on the North West areas that are being developed corridor of Greater KL. This is the by branded developers. This is Sungai Buloh West corridor. The because branded developers are developers and developments that able to brand and change the will be of interest: Bandar Tasik perception of a sub-urban from Puteri (Low Yat Group), Elmina “far” into a more desired location. West (Sime Darby), Bandar Sri 2 to 3 years ago, the best example Coalfields (KLK Group), Ijok/Sungai would be Kajang and Semenyih. Buloh West (EcoWorld).

Look into Secondary Markets

Hotspots aren’t limited to new Putrajaya line) and LRT 3 (Bandar launches as well as landed Utama – Shah Alam – Klang – properties. What about investors Johan Setia) presents much more that are more comfortable with the opportunities. There are even healthy and steady cash flow game further future plans of additional plan? Secondary market high rise rail base infrastructures within properties that are closer to the Selangor transport masterplan city would be the hidden gems for such as the MRT 3 (circle line) and these investors. In particular, those LRT arch (Rawang – Shah Alam that will benefit greatly from mega – utrajaya), but let’s leave those HOT TOPIC infrastructures that will be coming games for the developers to play. online in the immediate future. Mid FUTURE HOTSPOTS OF GREATER KUALA LUMPUR 2016 and MRT 1 (Sungai Buloh – All in all, there is always a piece for Kajang Line) will start to operate everyone. As cliché as it sounds, By Ishmael Ho DISCOVER WHERE AND WHAT MAKES KL’S NEXT ‘HOTSPOTS’ from Sungai Buloh to Semantan knowing yourself is the first step. If station. Mid 2017, the whole phase the foolproof way is what you seek, e are already halfway will only start to get more exciting in and Selangor came in a strong third at 2 of Semantan station to Kajang just go for mass market properties through 2016 and there the near future. Especially in Greater 27.78%. (W.P Labuan being the second will be in operation. LRT extensions ranging from RM100K to RM400k are plenty of observations KL (Klang Valley). Yes, indeed volatile but negligible given the small population (Ampang & Kelana Jaya LRT within Greater KL. With so many you can make in the real oil prices, fluctuation of the ringgit, job size). As economic strength reflects values extension) should be running government initiatives addressing Westate market. With the recent release layoff news from the banking industry in real estate, what better place to look anytime soon. That alone is a total this segment of the market of the property market report for the and O&G has affected sentiment for other than Greater KL. of 15 stations (from MRT 1) and 25 for urban areas, the obvious is year 2015 on 19 April by JPPH, figures but consider the following: The GDP of stations (from LRT extension) for screaming in the face of investors. have confirmed the overall slowdown Greater KL alone makes up 39.4% of investors to look at. Whereas, for Perhaps the only issue for in property transactions nationwide. economic productivity in Malaysia. On the risk takers and early adopters, consideration is your conscience. I do believe that albeit the current top of that, in terms of growth from 2010 MRT 2 (Sungai Buloh – Serdang – Happy investing! general public’s low sentiment, the plot to 2014, W.P KL tops the chart at 34.79%

90 www.PropertyHunter.com.my www.PropertyHunter.com.my 91 HOT TOPIC

his year’s survey is based on the views of around Zooming in on Asia 400 of the world’s leading private bankers and wealth advisors who, between them, manage assets Bali, which was the top Asian city at 3rd position last year, has dropped T to 64th, with no price growth - interestingly swapping positions with for about 45,000 UHNWIs. Shanghai. Conversely, Shanghai at the 61st position with no price growth last year is today the only Asian city to enter the top 10 chart, Report Overview taking third position.

In 2015, almost 6,000 people dropped out from the UHNWI wealth Eight Asia Pacific cities emerged as Top 20 compared to five last year. bracket – a 3% slide, where only 34 out of the 91 countries for which Singapore, Hong Kong, and Taipei are the bottom three Asian cities individual data is compiled saw a rise of UHNWIs. This, according to among the 19 featured across Asia and Australasia. Knight Frank, is the first annual dip in ultra-wealthy populations since the global financial crisis in 2008. Wealth distribution - Top 20 by COUNTRY (UNHWI populations 2015-2025) There are now 187,468 UNHWIs globally, marking a 61% rise from Rank Country Abosolute Growth a global UHNWI population of 116,800 in 2005. By 2025, the global increase 2015-2025 population of UHNWIs is set to rise by 41% to 263,483. 2015-2025

HOT TOPIC The growth is set to be significantly lower than the previous 10 years. 1 United States 19,714 30% 2 China 9,760 75% Zooming into Asia, the UHNWI population has the utmost increase compared to other regions in the world, both in the previous 10 years 3 India 6,321 105% THE WEALTH REPORT 2016 and in the next 10 years. 4 Russian Federation 3,847 72%

The rich in Asia increased 5 United Kingdom 2,990 30%

Asia Pacific in General 6 Germany 2,979 32% Independent global consultancy firm Knight Frank, has just published their 7 Japan 1,676 26% 10th edition of the wealth report 2016. This tracks the growing super-rich China and India emerged as the top two countries in Asia with an population in 98 cities across 91 countries in the world. absolute increase of UHNWI populations over the next 10 years, 8 Hong Kong 1,619 42% followed by Japan and Hong Kong. Indonesia is in 5th place, while 9 Mexico 1,464 48% The term ‘UHNWI’ (Ultra High-Net-Worth Individual), refers to those who South Korea, Singapore, Australia and Taiwan follows next, before 10 Brazil 1,368 35% have US$30 million or more in assets, with a combined wealth of over half Malaysia, which sits at 10th place when compared to (only) Asia Pacific countries. 11 Turkey 1,284 60% a trillion us dollars. 12 Canada 1,250 35% Malaysia sees 64% growth in UHNWI population to 1,629 over the next By Property Hunter decade. 13 Indonesia 1,206 110% 14 South Korea 1,179 55% According to the Head of Research for Asia Pacific, Nicholas Holt, of the 19 countries tracked within Asia Pacific, 12 saw their UHNWI 15 Singapore 1,133 48% populations fall in 2015, principally as a result of global macro- 16 Australia 1,054 35% economic events, including the Chinese slowdown, the fall in oil prices, 17 Taiwan 936 48% volatile equity markets and the strengthening of the US dollar. 18 Israel 828 55%

Looking at a longer time horizon, however, Asia especially has been 19 Switzerland 682 12% fertile ground for the growth in the number of UHNWIs with more 20 United Arab Emirates 675 50% individuals surpassing the US$30 million barrier than in any other region over the last decade. 21 Malaysia 636 64%

Asia Pacific Sees Some of the Highest Source: New World Wealth Average Price Growth (PIRI)

The Prime International Residential Index (PIRI) looks at the performance disparity of prime residential property across 100 locations, of which 19 cities are from Asia Pacific. Across the world regions, Asia Pacific sees some of the highest average price growth, largely contributed by the 12.3% increase from the strong performing cities in Australasia.

92 www.PropertyHunter.com.my www.PropertyHunter.com.my 93 HOT TOPIC Average Age of the Rich

While these multimillionaires in developed economies such as the United Kingdom and Switzerland are likely to be in their mid to late 50’s or 60’s, developing economies tend to have younger multimillionaires.

This highlights the opportunity for wealth creation in rapidly expanding economies, as well as the increase in global trade and mobility.

Much of this newfound wealth in Asia has had an impact on the age profile of Asia’s wealth brackets, reflecting the recent nature of the growth and opportunities in these markets.

The average age of populations with US$10 million or more in net assets is a case in point, with Chinese individuals in this bracket are on average 10 years younger than their Swiss counterparts.

Most Important Cities to UHNWIs

Over the past decade, The Wealth Report has ranked the cities that matter the most to the world’s wealthy, based on where they live, invest, educate their children, grow their businesses, network and spend their leisure time.

On all measures, London and New York have vied for the top two slots. No other city comes close in terms of their breadth and depth of appeal.

MOST IMPORTANT CITIES TO UHNWIS

g e i i g s London New York Hong Kon Singapor Shanghai Miam Pari Duba Beijin Zurich 2015 1 2 3 4 5 6 7 8 9 10

k e i i g a

London New Yor Singapor Hong Kong Duba Shangha Paris Sydney Beijin Genev 2016 1 2 3 4 5 6 7 8 9 10

Source: The Wealth Report Attitudes Survey Most Expensive Strong Appetite for saying demand for overseas education from Malaysian UHNWI’s will significantly increase Residential Property Property Shown by over the next 10 years.

Monaco, Hong Kong, London and New York Malaysians When the survey asked the wealth advisors retained their top 4 positions since last on their clients’ changes in portfolio allocation According to the Managing Director of Knight year. For nine consecutive years, Monaco, towards residential property, 65% of Frank Malaysia, Mr. Sarkunan Subramaniam, is confirmed as the most expensive city to Malaysian respondents said asset allocation to throughout the past years, Malaysians buy luxury residential property, with US$1 the sector has increased over the last decade; continue to show a propensity for exporting million buying just 17 square metres of while the same percentage said allocations capital in a need to preserve and grow their accommodation, whereas Hong Kong and would also increase over the coming 10 years wealth – with a strong appetite for property. London are in 2nd and 3rd places, offering – the highest seen across UHNWIs in Asia This appetite is underlined by the Altitudes US$1 million for 20 and 22 square metres Pacific for both decades. respectively. Survey, which showed that 39% of UHNWIs in Malaysia are considering a residential Subramaniam also stated that Malaysians Geneva has displaced Singapore from the purchase in 2016, the highest in the world. continue to put more faith in brick-and- 5th position, while Beijing has climbed two mortar because property has given them very [London has beaten New York for the second When asked if New York or London could ever Countries that responded “yes” and picked In terms of overseas destinations, Malaysia’s positions from last year to enter the top 10. good returns over the last decade, and it will successive time to win the accolade of ‘most be overtaken in the coming decade, about half Singapore included respondents from top choice is currently Australia – which offers Kuala Lumpur is ranked 22 on the chart, continue to do so in the next 10 years. important city to UHNWIs] of the respondents for the Altitudes Survey Singapore, India, Australia, United States, with US$1 million buying 199 square metres, a favourable exchange for the Ringgit and said no. Hong Kong, United Arab Emirates, United downthrowing Sao Paolo and Cape Town. good returns on property, including excellent “Property has consistently outperformed [Singapore and Hong Kong continue to be Kingdom, Malaysia and China (in decreasing educational and employment opportunities. many other assets classes in Malaysia,” said part of the Top 10 list of the Most important Of the 34% of the respondents who said yes, order). Subramaniam. Cities for the rich, but this time Singapore has Singapore, followed by Dubai are the top Education will likely remain a significant beaten Hong Kong for the third place] contenders to be the next “most important driver with 77% of respondents in Malaysia city to UHNWIs” in the next 10 years.

94 www.PropertyHunter.com.my www.PropertyHunter.com.my 95 If You Can’t Afford Something, DON’T RENT, Developers Pessimistic Instead Buy Something But Luxury Home Prices You CAN Afford Still Up

Someone recently sent me an condo instead and then find out There are no signs that the price declines.” One key reason infographic about the pros and that their monthly savings are Singapore government will was because of wealthy buyers cons of renting versus buying a slow compared to the potential relax the cooling measures. In a returning to the Singapore home home. It looked interesting, but price increase for condos in report by Business Times, based market and the confidence they when I asked, I got to know that hotspots. Assuming that the on the latest NUS – Redas Real have with the country’s long-term it was done internally based on rental difference between a flat Estate Sentiment Index, property outlook. Singapore has always some research by asking Gen- and a condo is just RM400 per developers in Singapore been regarded as a safe haven Yers. Nothing wrong with that, month, that’s RM4,800 per year remain pessimistic over the and having stable economic but I have some opinions based and within 5 years, we would current state of the residential fundamentals. on my personal interactions with have accumulated close to market and its outlook. I think Gen-Yers, both with those that RM30,000 from rental savings similar surveys done by REHDA Could the property market be By Charles Tan love property as an investment alone. Malaysia has revealed similar such? Some latest prices in the and those that prefer renting results. Some selective stats image. Actually, it is during a instead. Someday in the future, Hopefully, this all makes sense. include the following: 58.4 slowdown that a lot of value www.kopiandproperty.com house prices will be extremely That’s why if we could not yet percent of respondents believe emerges, especially for the high. So high that everyone would afford the place we love, buy that market conditions will wealthy buyers. In terms of the have no choice but to rent…..a somewhere we could afford first. deteriorate further because modest property price increase, small space for a room. Until that I consider, the monthly rental we of the government’s stance on it may also be because flower day comes, it’s still best to buy. pay, ‘a total loss’. While mortgage not changing any of the current transactions for the lower-valued payments that you struggle to cooling measures and 47.2 homes while the higher-end In the infographics, the advice pay every month is called, ‘owning percent expect home prices ones continue to be sold. Even in given was that if we do not yet your dream home for the future’. to marginally soften over the Malaysia, the sales of luxury cars have enough downpayment for Do note that there’s really no next six months. In brief, the were up in 2015 and is still up a property, then we should rent such thing as right or wrong. Just expectations from the real estate in the first few months of 2016. first. Actually, renting is a pretty do what you believe is best for community is negative. Sad to say, but true. The rich will dangerous game to play. The you. Happy thinking and deciding. become richer because of the reason being, even when we rent, This was however not the case investments they do, while the we want to rent at places that based on Knight Frank’s latest poorer remains poor because we like. Perhaps it’s the area that Prime Global Cities Index. Here, of the things that they don’t do. we may potentially buy in the it was revealed that Singapore’s Always note, doing nothing is future. That’s why rental in many house prices rose 5.4 percent not considered an investment of these hotspots are higher too. in , 2016 compared to a year strategy. Do you know who gains the most ago. Its Research Head, Alice Tan from our rentals? Yes, the person said, “The annual price increase we’re renting the place from, our signals ‘green shoots of recovery’ landlord. for the ultra-luxury segment, as high-net worth individuals Would we try to rent as low as see rising value proposition for possible so that we can save as Singapore luxury homes after much as possible? Are we sure a prolonged two-year period of that we would rather rent an old place so that we can save RM400 per month or more? Honestly, not many are willing to stay in flats while saving to buy a condo. They are more likely to rent a

96 www.PropertyHunter.com.my www.PropertyHunter.com.my 97 NEWS SHAREDA’s Courtesy Call to CIDB SB Construction Industry Development Board Datuk Francis reiterated that CIDB to offer practical trainings and employments Malaysia (CIDB) Sabah’s Director Tuan Ir. should strengthen their efforts to to those trained workers on CIDB courses. He Haji Sharifudin welcomed the courtesy visit suggested that besides training, ABM Sabah of SHAREDA Council led by its President conduct more training courses for must also keep abreast of new technologies Datuk Francis Goh at the latter’s office in the local youths in the rural areas to and apparatus used in the construction site KWSP Complex recently. The meet took acquire the skills for the needs of the instead of the old methods. place to address the local woes faced by the construction industry. He vouched stakeholders in the construction industry from “Perhaps CIDB and ABM Sabah could organise the developers’ on of view. that once the locals are trained; an exhibition to showcase old & new methods, jobs will be guaranteed especially new technologies and apparatus used in the Ir. Sharifudin informed SHAREDA that the ACT for those practical trainees attached construction industry. SHAREDA and other 520 and is amendments will come into force to the work sites to be absorbed related professional bodies or NGOs could in Sabah effective 1 June 2016. Section 33 of also render their assistances towards the the act will see a noticeable change, especially into the employment. SHAREDA success of the expo”, he added. on calls for registration of all construction has a strength of 180 members personnel for skilled and unskilled personnels; in the association to support the Besides training the workforce in the accreditation and certification of construction recruitment. construction industry, the stakeholders like site supervisor and skilled construction work developers, consultants, contractors, etc. which carries a penalty of a fine not exceeding should be trained too, and to understand RM5,000 each section. Also included in the the application of green tools for quality changes are the registration of 59 trades management of building projects. SHAREDA for Skilled Construction Workers, dealing of will walk the talk by organising a Talk on non-certified construction materials and the QLASSIC & CONQUAS to its members of which approval of Standards for Certification of CIDB has agreed to provide a speaker on this Construction Material for 18 types of items. topic. Datuk Francis encourages members and property developers to attend the talk Amongst other matters discussed are still and apply the green tools in their next or the same old pertinent issues plaguing the 1 future building, for it to be credited as a green construction industry constantly such as the building in property development industry. insufficient supply of skilled or semi-skilled CIDB explained that a training arm - Akademi workers, be it local or migrant workers from CIDB has also initiated the transformation Binaan Malaysia (ABM) - is embedded in their Philippines or Indonesia. Datuk Francis programme. Datuk Francis has accepted the organisation, which was stablished in March stressed that CIDB has to work harder with invitation and will lead a delegation of property 2001. ABM is the platform to prepare skill the local community leaders to lure more developers to sign the MoU with CIDB building training for the human resources for local youths or school leavers from the rural Sabah in response to the Pledge Statement the construction industry wherever necessary areas to come out to register and receive the Menu under the Construction Industry at construction sites or training centres. benefits of the basic trainings fully borne by Transformation Programme (CITP). The signing Presently ABM is in Sabah, Sarawak, Kuala CIDB and future job security. will be in conjunction with their Seminar on Lumpur, , Terengganu and Johor. Sabah Strengthening Quality Management of the has 4 ABM training centres at Kota Kinabalu; Due to the shortage of construction personnel, Construction Industry and Signing Ceremony KKIP, Sandakan, Kudat and Ranau. Datuk Francis seeks CIDB’s assistance to of the CITP pledge on June 2, 2016. support his appeal to bring the matter up Mr Syaifful Bahkri said ABM offers to the Government to consider registering Datuk Francis fostered a close collaboration programmes for construction personnel, or legalising the illegal migrant workers or with CIDB Sabah cohesively at the warm and fresh school leavers, accreditation for non-Green Card workers presently working fruitful reception, as a partner to enhance construction skill training for workers on in construction sites throughout the state. and strengthen the quality and standards in site or ABM training centre, safety induction Failing to get permission would mean that he the building and construction industry in the (Green Card) and customised Contractor has to resort to other means by importing state. Both parties will see to working together Continuous Development (CCD) and about 5,000 skilled workers from Palawan, to leverage further on the knowledge and Construction Certification Programme (CCP). Philippines to work in the construction sites to technology today to develop the productivity There is a varied list of 31 trainings offered overcome the shortages as several high-rise and efficiency in the value chain. Some of for skilled construction personnel ranging property developments have been launched these strategies will see it being applicable for from indoor to outdoor such as bricklaying, recently in Kota Kinabalu. short and/or long term goals. plastering, carpentry, plumbing reticulation, scaffolding, hydraulic excavator operation, CIDB will support SHAREDA’s initiative and electrical installation PW1 to PW4, drafting, appeal for the aforesaid short term measures amongst others. To date, ABM has successfully to fill up the vacuum or shortage of skilled accredited a total of 41,506 personnels. workers providing that the construction 1. SHAREDA President Datuk Francis Goh (3rd personnel must passed the skills accreditation Datuk Francis was delighted to be informed left) receiving a memento from CIDB Sabah’s exams or trained in the respective training Director Tuan Ir. Haji Sharifudin Bin Che on the list of training programmes currently Omar during the recent courtesy call. (L-R) Mr centres by CIDB/ABM to be eligible for Green carried out by ABM Sabah and is committed Wesley Chai and Datuk Sr Chua Soon Ping of Cards, on top of being compliant to the SHAREDA; Mr Poul Joannes and Mr Syaifful to assist CIDB on the request by Ir. Sharifudin Bakhri (ABM) of CIDB Sabah Government’s pre-requisition.

98 www.PropertyHunter.com.my www.PropertyHunter.com.my 99 ELEVATE

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