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Make Better Decisions MAKE BETTER DECISIONS FRIDAY OCTOBER 23, 2015 ISSUE 2031/2015 A PULLOUT EVERY FRIDAY WITH Read this copy online @ theedgeproperty.com MAKE BETTER DECISIONS PP 9974/08/2013 (032820) ep4 NEWS ep4 NEWS ep5 DEALMAKERS UEM Sunrise aims to fully sell IOI Properties launches projects Th e go-getter Conservatory by next March with combined GDV of RM663m BY RACHEAL LEE ONCE synonymous with tin mining, Ampang is now dis- tinctly divided into two by the Middle Ring Road II (MRR2), THE COUNTRY with the east side bearing a Selangor address and the west side a Kuala Lumpur one. Th e Ampang municipality in Selangor is a mass housing area and one of the oldest residential estates in the Klang Valley. In terms of non-landed housing, there are many old low-cost fl ats scattered about the area while the more COUSIN upmarket ones are focused around the Kelab Darul Ehsan golf course and along Jalan Ampang, close to the Kuala Selangor’s Ampang, a former tin-mining area with Chinese Lumpur end of the road. Kuala Lumpur’s Ampang is a modern, vibrant commer- new villages, may not attract the attention of property investors cial and high-end, high-rise residential address. It’s also known as a diplomatic quarter, having a number of high as much as its Kuala Lumpur namesake. But it could be an commissions and embassies. Other landmarks include the Social Security Organisation headquarters, Gleneagles Intan option for prospective homebuyers looking for aff ordable Medical Centre, and the soon-to-be-demolished Ampang homes with ready amenities close to the city centre. Park Shopping Centre. Ampang, Selangor, on the other hand, often conjures a Th e area also has an authentic unkempt feel about it. very diff erent image to Ampang, Kuala Lumpur. Th e property scene here is rather subdued by comparison for a number of reasons. In its analysis of non-landed residential trans- actions in Ampang, Selangor, in the 12 months to 3Q2014, theedgeproperty.com covered the areas bounded by the MRR2 in the west (excluding Pandan Indah, Pandan Jaya, Pandan Perdana and Pandan Mewah), from Taman Tun Abdul Razak and other housing estates around the Kelab Darul Ehsan golf club in the north, to Taman Bukit Teratai and Taman Putra in the south. While this side of Ampang is generally seen as an area for the mid-range group, addresses like the Ukay area and Taman Tun Abdul Razak (next to Kelab Darul Ehsan golf club) off er more exclusive properties. People living there often come from families who have been living here for generations and continue to stay close to the clan. Others who live here hail from other states, and have come to seek their fortune in Kuala Lumpur’s Gold- en Triangle, as housing here is defi nitely more aff ordable than in the city centre. CONTINUES ON EP6 Ampang Point Shopping Centre is one of the landmarks in Ampang, Selangor. Photo by Haris Hassan/The Edge Property FRIDAY OCTOBER 23, 2015 • THEEDGE FINANCIAL DAILY EP2 PROPERTY | NEWS ON NEWS ROUNDUP Go to theedgeproperty.com for more listings Mapex yields RM40.7 mil parties are encouraged by the mar- such as a playground, surau and fourth quarter of this year. at www.theedgeproperty.com in sales ket’s positive response to the RFI multipurpose hall. Also in the pipeline for Serem- Th e Mapex Property Showcase in exercise, which is expected to be Th e event will be held this week- ban is a mid to high-end landed Petaling Jaya, Selangor, yielded a to- concluded by the end of the year. end (Oct 24 and 25) at Th e Clubhouse residential project with a GDV of tal of RM40.7mil in sales as it came On Oct 7, Spad and LTA had @ M Residence, from 10am to 6pm. RM400 million, which it plans to to a close last Sunday. Organised announced the launch of the RFI Applicants must be Malaysian launch next year. by Rehda Youth, a division of the to gauge market interest and in- citizens aged 18 years old and above, “We have about 150 acres of land Real Estate & Housing Developers dustry opinion on the commercial with a gross household income in Seremban which will sustain us for Association of Malaysia, the fi ve- and technical aspects of the Kuala between RM3,001 and RM8,000 a the next six years. In Simpang Am- day property exhibition was held Lumpur-Singapore HSR project. month. Both husband and/or wife pat (mainland Penang) we have 46 at One Utama Shopping Centre. With terminus stations in Kuala must not already own property in acres. We recently acquired 17 acres Kajang gains Th e event, themed “Better Homes Lumpur’s Bandar Malaysia and Sin- Selangor. Th e scheme is also open in Sungai Bakap (mainland Penang) momentum for a Better Tomorrow”, saw 30 devel- gapore’s Jurong East, the HSR link to singles with family obligations. for commercial development while opers exhibiting residential proper- should cut travel time between the Th e property must not be rent- in Kedah, we have about 385 acres, ties for upper-middle income earn- two cities to 90 minutes. Spad had ed out, and ownership can only be where we hope to build a township. ers. It attracted more than 10,000 reportedly said Malaysia plans to transferred after fi ve years. For now it is agricultural land.” visitors, mainly families and young award work packages for the 330km couples. rail project by 2017 at the earliest, GUH to launch more landed “No fi re sale yet,” says real Th e family-centric event also of- with completion set for 2022. homes in Seremban esate consultant fered family-friendly activities such Despite the slowdown in the prop- as children’s colouring and talent Mah Sing to launch aff ordable erty market, there are no fi re sales competitions, photo booths, balloon homes in Rawang on the secondary market because of giveaways, face painting, interactive the strong holding power of Malay- Spotlight on games and magic shows. Exhibition sian property owners, said Stephen Eco World’s partners included Mah Sing Group Yew, executive director of Th e One Bhd and RHB Bank. Property International Sdn Bhd. Liew Tian Xiong “The implementation of the KL-Singapore high-speed Goods and Services Tax and the rail draws response from weak market sentiment has made 150 fi rms GUH Holdings Bhd plans to re- the public spend prudently. A total of 150 companies and con- duce its reliance on the revenue “Th e wait and see approach of sortia have responded to the re- contribution of its core business both buyers and sellers has turned quest for information (RFI) exercise of printed circuit boards by 30% in the property market into neither a for the multi-billion ringgit Kuala In an initiative to make home own- the next fi ve years, by focusing on buyer’s nor a seller’s market,” said Lumpur-Singapore high-speed rail ership more aff ordable for the lower property development and public Yew, who is also a real estate valuer (HSR) project. Submissions are income group, Mah Sing Group will utilities, GUH CEO and managing and surveyor. open until Nov 18, 2015. be hosting a registration exercise for director Datuk Kenneth H’ng told Yew noted this tension may In a joint statement on Oct 19, members of the public who would Th e Edge Financial Daily. break next year, if the ringgit falls the Land Public Transport Commis- like to purchase a unit of Cendana H’ng said the group is expecting below RM4.50 to the US dollar, be- The Edge Communications Sdn Bhd (266980-X) sion (Spad) and Singapore’s Land Apartments, a Rumah Selangorku about RM28 million sales this year cause of the adjustments the con- Level 3, Menara KLK, No 1 Jalan PJU 7/6, Transport Authority (LTA) said these project, at M Residence 2, Rawang, from the property sector which it struction industry would have to Mutiara Damansara, 47810 Petaling Jaya, companies and consortia represent a Selangor. expects to come from a soon-to-be- make to account for the increasing Selangor, Malaysia cross section of the HSR value chain Cendana Apartments comprises launched landed residential project costs of construction. and include entities based in Malay- two blocks of 488 units of 850 sq ft in Seremban, Negeri Sembilan. He said mature areas such as Publisher and Group CEO Ho Kay Tat sia, Singapore, Asia-Pacifi c, Europe, and above. Th e 3-bedroom unit is Th e project has a gross devel- Petaling Jaya would be less aff ected, the Middle East and North America. priced at RM170,000 and comes opment value (GDV) of RM170 given the stable volume of transac- Editorial Spad CEO Mohd Azharuddin with two parking bays. Th e pro- million and comprises terraced tions. However, high-rise develop- For News Tips/Press Releases Mat Sah and his Singaporean coun- ject is scheduled for completion and semi-detached units. GUH ments will be impacted due to their Tel: 03-7721 8219 Fax: 03-7721 8038 Email: [email protected] terpart Chew Men Leong said both in 2018 and will have amenities plans to launch the project in the sheer volumes. Senior Managing Editor Azam Aris Contributing Editor Sharon Kam If you have any real estate-related events, email us at [email protected]. Editor Rosalynn Poh Events listed here will also appear on theedgeproperty.com. Deputy Editors E Jacqui Chan, LAUNCHES & EVENTS Wong King Wai Assistant Editor Lam Jian Wyn Senior Writer Racheal Lee Contact: (06) 798 9777 Mah Sing’s high tea with University.
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