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Friday, august 28, 2020 . issue 3132/2020 . PP19055/06/2016(034530) DIGITAL

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07news feature08

Matrix Concepts to — unveil Precinct 2 in a dynamic housing Selamat Laman Sendayan and business next month suburb Hari Merdeka From all of us at Properties with HOMES strong FOR RENT rental yield Are you looking to invest in residential properties that offer good rental yield? Find out where to find them on Pages 5 and 6.

Malaysia Win Virtual Property weekly Expo 2020 prizes worth over IRRESISTIBLE RM10,000! Stay updated on deals!!! the latest news at Click to check it out! www.EdgeProp.my VPEX.EdgeProp.my 7 Aug – 20 Sept 2020 EP 2 Friday august 28, 2020

News highlights from www.EdgeProp.my

Proposed tax on unsold E dgeProp.my property put on the back-burner |

Putrajaya’s proposal for a tax on Zuraida identified more urgent ministry’s proposal to implement a unsold property has been put on the tasks at hand such as ensuring vacancy tax on developers who are Low Yen Yeing Low back-burner. property projects are not abandoned unable to sell their completed houses. Minister of Housing and Local and that the Rakyat has accessibility Meanwhile, some have confused Government Zuraida Kamaruddin to affordable housing. the proposed tax on unsold property (pictured) told EdgeProp Malaysia Later in Parliament, Zuraida with tax on unoccupied property — on Wednesday the decision was said that “KPKT takes the stand as these are two different taxes. made after considering feedback that we will find other methods to A debate on the former has received, especially given the prevent developers from building received flak from various industry current market sentiments. houses that do not meet the people’s stakeholders, highlighting a high The Edge Property Sdn Bhd She concurred with views needs”. risk of triggering an avalanche of (1091814-P) Level 3, Menara KLK, that it is not the right time for the “Before developers begin their falling property prices across the No. 1 Jalan PJU 7/6, Mutiara introduction of such a tax. construction, KPKT will look at board, which could in turn lead to a Damansara, 47810 Petaling Jaya, The tax suggestion, Zuraida whether there are projects proposed major financial disaster. , Malaysia explained, was among the various by them that are viable and meet This is because with homes efforts mulled to resolve the country’s the needs of the people,” she added. forming the biggest asset of EdgeProp.my property overhang. “We could look at She was replying to a question households, Malaysians will become it [proposed tax] in the future, but now from Chang Lih Kang (PKR-Tanjong a poorer lot if housing property Managing Director/Editor-in-chief Au Foong Yee is not the time,” she said. Malim) on the rationale behind the prices fall.

Editorial Assistant Editor Tan Ai Leng Deputy Chief Copy Editor James Chong Melaka plans Senior Writer SOP for travel Rachel Chew to create new Writers bubbles set to Natalie Khoo, Chin Wai Lun, economic corridor be ready by next Chelsey Poh worth RM100b Senior Designer Jun Kit week For New Launches/Events/ The Melaka state The Ministry of Tourism, Arts and Press Releases/News Tips Malaysia email: [email protected] government is Culture (MOTAC) expects to com- Tel: (03) 7721 8211 Fax: (03) 7721 8280 planning to create Virtual Property plete the guidelines and standard a new economic operating procedures (SOPs) for Advertising & Marketing Expo 2020 Associate Account Director, corridor to at- the proposed travel bubbles with Advertising & Marketing tract high-impact selected countries by next week. Heidee Ahmad (019) 388 1880 VPEX 2020 visitors who make enquiries Senior Account Managers investments, to Its Minister Datuk Seri Nancy Ian Leong (012) 359 1668 be known as the about any participating project stand to WIN Shukri said the guidelines and Cecilia Too (012) 319 7666 Melaka Waterfront SOP would then be submitted for including Marketing Support & Ad Traffic Economic Zone or M-Wez worth attractive prizes worth over RM10,000 evaluation by the National Securi- Madeline Tan (03) 7721 8218 email: [email protected] about RM100 billion. Panasonic home appliances and weekly ty Council (NSC). Chief Minister Datuk Seri Su- giveaways of the Strata OMG 2.0 – Owner’s “MOTAC has been tasked by the Business Development laiman Md Ali said the state’s new government to put forward our Manager Nimalen Parimalam (014) 324 3193 economic landmark is an incentive to Manual & Guidebook by EdgeProp.my proposals with our SOPs. We are be implemented by the private sector also talking to the ambassadors, AGENCY SALES and Chur Associates. Sales Manager as well as the government, covering listening to them. They also want Stannly Tan (012) 538 1687 20km of reclaimed coastal land. to know what our plan is. We have Prospective homebuyers can also find out how Product Development “M-Wez will comprise the Kua- been talking to Japan, Singapore… & Customer Advisory la Linggi International Port (KLIP) much they can borrow by using the Loan Check This is going to be a continuous Associates as the oil and gas industry services initiative from our side,” she told Omar Nawawi (012) 537 1687 tool at VPEX 2020. Nazrin Hakimin (017) 368 6061 hub, the Tanjung Bruas Port as the the media during an event recently. container port and Melaka Gateway For enquiries and listings email: [email protected] as the Melaka International Cruise Click to visit Tel: (03) 7733 9000 Terminal (MICT). Bankruptcy EdgeProp.my e-Publication “We will also have a High Speed VPEX.EdgeProp.my now! is published by The Edge Property Rail (HSR) station serving the Kuala threshold raised Sdn Bhd. Download it for free at Lumpur-Singapore route to promote to RM100,000 www.EdgeProp.my the corridor’s economic development,” The Insolvency (Amendment) Bill he added during an event on Tuesday. 2020 aimed at amending the Insol- The Edge Malaysia vency Act 1967 (Act 360) has been passed with a simple voice ma- Publisher and Group CEO ‘24-hour approval’ UEM Sunrise jority in the Dewan Rakyat, which Ho Kay Tat for construction rebalances land will see the minimum bankruptcy Editorial works in Penang portfolio with threshold raised to RM100,000, Editor-in-chief Azam Aris from RM50,000. Corporate Tapah land sale island Minister in the Prime Minis- Chief Operating Officer Get breaking Lim Shiew Yuin Certain construction projects in UEM Sunrise Bhd (UEM Sunrise) is ter’s Department Datuk Taki- Advertising & Marketing Penang island will be given 24-hour rebalancing its landbank portfolio property yuddin Hassan, when tabling Chief Commercial Officer approval to start work, a daily report- by entering into a sale and purchase the bill, explained that Act 360 Sharon Teh (012) 313 9056 news delivered General Manager ed on Wednesday. agreement with Lagenda Properties to you daily via was amended based on certain Fong Lai Kuan (012) 386 2831 Penang Island City Council Bhd for the divestment of part of requirements, including trans- Senior Sales Manager (MBPP) mayor Datuk Yew Tung the company’s non-strategic land in WhatsApp! forming existing legal framework Gregory Thu (012) 376 0614 Seang told the media that “certain Tapah, Perak measuring 252.15ha for into legislation that is more rele- Head of Marketing To subscribe Support & Ad Traffic categories of construction will be al- RM29.9 million. vant to current needs. Lorraine Chan (03) 7721 8001 lowed to start work 24 hours after In a statement on Wednesday, 1. Add +6018 290 2116 When tabling the Bill for its they submit an application with an UEM Sunrise said the divestment is ex- to your contact second reading in the Dewan Rak- undertaking letter, and within 24 pected to be completed in August 2021. list as EdgeProp yat on Tuesday, he noted that the hours, they will be allowed to com- Its managing director/chief exec- News. Or scan bill could give an opportunity to mence work”. utive officer, Anwar Syahrin Abdul this QR code. individuals who are affected by the Projects that will benefit from this Ajib said the divestment of the Tapah 2. Send us a WhatsApp with Covid-19 pandemic to improve their new ruling include residential build- land is akin to what UEM Sunrise has "NEWS" and your full finances and to avoid a sudden in- ings of less than four units with valid been doing in Iskandar Puteri and the name in the message. crease of bankruptcy cases in Ma- planning permission and renovations company plans to use the proceeds laysia. on residential buildings that are less to fund new land acquisitions in line than 50% of the built-up area or less with the strategy to rebalance its How do I get past issues of this weekly e-Publication? than 1,500 sq ft. landbank portfolio. Go to www.EdgeProp.my to download for free! EP 3 Friday august 28, 2020

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Left: Sprawled over 20,000 sq ft of common space on Levels 41 and 42, Fourth Space offers creative working and social spaces such as a sky garden, co- working and family areas.

Above: L’Heureux: To do something simple is not to do something simplistic. You have to put in significant thought and care, sophistication and craftsmanship to execute the design. We are interested in high quality, timeless buildings.

An example of such a building? total of 537 units spread over a collection of three ele- L’Heureux points to Park Place, a residential project gantly proportioned towers in one block. The epitome of coming up in Kuala Lumpur’s popular Desa ParkCity Architecturally, expect strong vertical lines that township. Call it forward thinking if you like, though accentuate the sophisticated and slender proportions this project was designed before the Covid-19 lock of the towers. Earth-tone colours make up the build- down, the design elements are in place to cater to to- ing where the outside of the building will be painted sophistication day’s homebuyers’ needs, especially after the experience in ivory to form a gradient and light warm grey which during the Movement Control Order. constitutes the base colour. The earth-tone colours will The lead design architect for Park Place, L’Heu- remain timeless even as years pass and will complement and elegance in reux is mindful of the embedded body carbon and the greenery from the forest landscaping theme. operational carbon of the building. He explains: Op- L’Heureux is excited about the “Fourth Space” in erational carbon is the amount of energy used to run Park Place. Sprawled over 20,000 sq ft of common space the new norm and maintain the development. Hence the maximis- on Levels 41 and 42, it offers creative working and so- ing of natural ventilation and open-air spaces as well cial spaces such as a sky garden, co-working and family as minimising the areas of enclosed air conditioning areas. These are separated into active and passive areas. in the design. Spaces with air-conditioning also pro- The active area is surrounded by verdant gardens vide for easily operable windows and doors for cross and a large surrounding veranda. In contrast, the latter is a sanctuary for chilling, reading, online meetings or uildings designed and dolled up as the music lessons. “most iconic” in town may stop traffic; Meanwhile on the podium at Level 8, one can enjoy but multiple award-winning architect Erik What’s facilities such as the gym, multipurpose hall and pool. L’Heureux FAIA would have nothing of this. exciting about “These spaces serve as an extension to the individual “I believe in designs that offer high homes,” says L’Heureux. “We want to give the residents quality and long-lasting attributes. Designs that are Park Place? the opportunity to extend their living and lifestyle in forward thinking and clearly sustainable,” L’Heureux a semi-private setting. For instance, you could enjoy a Benthuses, adding that there are too many architects who glass of wine with your wife, arrange for tuition classes have built their careers on iconic buildings. for your children or even just to take a Zoom call. Dra- “I hope end-users and property developers are matically framed, this space becomes a major feature becoming more educated on how important it is for for the development.” buildings to be sustainable. • High-rise living with – a new Level 2 includes a private mediation and mindfulness “You don’t want to live in an icon. You want to live holistic lifestyle offering space for the select few where residents can practice in something that is going to last for a long time. Simple creative working and social yoga or meditation. is always intelligent,” he stresses. spaces as an extension to Over designing that could create white elephants: the home Lest one thinks L’Heureux is uninitiated or jaded, it makes little sense to replicate in Park Place the fa- he is a celebrated American architect and educator • The first of its kind condo- cilities and amenities that are already available in the living development set known for his passion in designing what he calls “dense vibrant Desa ParkCity. within Desa ParkCity Town equatorial cities”. Centre “The Central Park is a generous open garden with “To do something simple is not to do something • Located within a wholesome close proximity to Park Place. Here, residents and simplistic. You have to put in significant thought and master planned township, visitors run, walk and bike. A short walk away is the care, sophistication and craftsmanship to execute the and within walking distance ventilation and breeze penetration. Generous circulation Plaza Arkadia, an award-winning project and the spaces and lift design. We are interested in high quality, timeless build- of shops, schools, a medical All these keep the virus count lobby areas help to popular Waterfront at ParkCity that provides com- ings,” L’Heureux explains. centre and numerous parks low. Areas accessible to guests are encourage physical munity shopping, F&B and entertainment options. distancing protocols. Once a wooden boat builder based in New York, • Juxtaposition between two controlled. A separation is in place “A side gate of Park Place facilitates almost direct L’Heureux relocated to Singapore 17 years ago. He has parks and lake once the for residents and guests. Generous circulation spaces access to the upcoming second park and lake within second park and lake are won an array of awards, among them the Wheelwright and lift lobby areas also help to encourage physical ParkCity TownCenter,” he adds. ready Prize from Harvard University in 2015. L’Heureux is distancing protocols. Finishes and detailing have been The design of Park Place complements the artic- • Desa ParkCity, a multiple also a Fellow of the American Institute of Architects. selected for easy sanitisation. ulate planning of Desa ParkCity. award-winning and popular Some of his significant designs include projects in urbanist township in Kuala “Air-conditioning in all public areas is minimised “Because Desa ParkCity is a large development, we New York, Singapore, Venice, Paris and China. Lumpur where possible. The building is also positioned strate- pay significant attention to the scale and proportion The founder of the Singapore-based Pencil Office, gically to keep the solar heat load off from the building,” of Park Place for it to both complement the township L’Heureux knows intimately what makes a building tick, adds L’Heureux. and be elegant at the same time. We make sure the especially in this part of the world. It must be timeless, units — from the low to the higher levels — enjoy elegant, purposeful, relevant, creative yet sustainable. Timeless and elegant views of the rolling hills of Kuala Lumpur. It also needs to complement and accentuate its sur- Park Place sits on 4.55 acres of freehold land at the up- “From the exterior, the towers are carefully cali- roundings in a thoughtful and consistent way to build coming ParkCity TownCenter @ Desa ParkCity. When brated to come together with its surroundings,” adds a neighbourhood. completed in 2024, it will stand 54 storeys tall with a L’Heureux. EP 5 Friday august 28, 2020 cover story Hunting for properties with good rental yield

By Chelsey Poh Nawawi Tie Leung Property Consultants director and regional head of research and Vertical homes in Klang Valley with hen investing in consulting Saleha Yusoff believes that mov- property, both rent- ing forward, investors will diversify their as- al income and cap- sets not only to include those with room for high indicative rental yields ital appreciation value appreciation, but also quality assets — Average transacted price less than RM600 psf must be taken into that can bring in stable cash flow. — Transacted at below RM1 million account. For long- “More investors are putting greater term investments, assets that can generate weightage on rental yields while continu- consistent and good revenue stand out. ing to hunt for property bargain buys,” she Project Area Average Average Rental W transacted asking yield After a rapid price rise between 2010 tells EdgeProp.my. and 2013, the value appreciation of resi- According to Savills Malaysia managing price rental 2020 (%)* (RM/psf) 2020 dential property in Malaysia has slowed director Datuk Paul Khong, Malaysian res- (RM/psf) or plateaued in recent years. And with the idential property investments have always country grappling economic headwinds been more focused on capital appreciation D’Rimba Kota Damansara 419 3.02 8.65 made worse by the Covid-19 outbreak, no as rental yields are usually low at about 4% one is expecting any significant growth in per annum which could hardly cover hous- Ampang Putra Residency Ampang 350 2.27 7.77 real estate prices any time soon. ing loan repayments. Although property prices have retracted The Heritage Residences Seri Kembangan 400 2.19 6.57 a little today, the current price levels are USJ One Avenue USJ 356 1.93 6.51 still higher than those in the period from 2010 to 2012, he says. Subang Avenue Subang Jaya 512 2.65 6.21 On the other hand, rental rates have generally moved sideways, leading to lower Casa Tiara Subang Jaya 484 2.48 6.15 Rental housing gross rental yields. demand could be Nonetheless, he notes that when look- CyberSquare @ Cyberjaya Cyberjaya 528 2.65 6.02 ing for bargains in the current slow market, PJ 8 Petaling Jaya 585 2.92 maintained as more investors are counting on properties that 5.99 people are delaying offer medium to long-term capital appre- Mont’Kiara Bayu Mont’Kiara 558 2.72 5.86 ciation and good rental yields. their house purchase Although average rental returns overall One Ampang Avenue Ampang 344 1.64 5.72 decision and opting to are generally low, there are exceptions es- pecially among high-rise homes in some Menara Seputih Seputeh 439 2.08 5.69 rent instead.” — Saleha of the Klang Valley condominiums and serviced apartments listed on EdgeProp. Riana Green Tropicana 482 2.28 5.67 (see table). Kiara Designer Suites Mont’Kiara 542 2.56 5.67 Higher rental yield Higher rental *Indicative rental yield is calculated based on Source:EdgeProp Research average monthly asking rent and latest available Where and what transacted prices. to look for? For those scouting for properties with

good rental yield, what should they be aysia looking for? Khong from Savills shares: When looking for bargains

First, go for areas which are popular ll s Ma l avi among expats, single professionals and in the current slow market, S yuppies, such as Damansara Heights, Bangsar, Mont’Kiara, Sri Hartamas, Desa investors are counting ParkCity, Taman Tun Dr Ismail (TTDI) on properties that offer and some areas in Petaling Jaya. Secondly, check out the more afforda- medium to long-term capital a nt s ble locations that are close to workplaces appreciation and good rental that attract working crowds and young families. These locations include Cheras, yields.” — Khong Puchong, Bandar Bukit Jalil, SS2 of Pet- Nawawi Tie Leu n g Nawawi aling Jaya and UEP Subang Jaya (USJ),

n su lt Pro p er t y Co to name a few. CONTINUES NEXT PAGE → EP 6 Friday august 28, 2020 cover story

← from previous PAGE Thirdly, look at areas close to colleges or universities such as Section 17 , Bandar Sungai Long and Setapak, for tertiary student-driven rental demand. Khong suggests choosing matured and populated residential areas with ample fa- cilities and amenities; while proximity to the city centre is a plus point, as it means being near to job centres and entertainment hubs. Other draw factors are international schools nearby and good connectivity such as highways, public bus and rail services. Nawawi’s Saleha concurs and says the housing rental market at established and matured areas close to public transportation and comprehensive amenities tend to stay resilient in times of uncertainty, compared to other areas. Khong stresses that understanding the supply in an area is important, because in certain new and developing areas, rents could possibly be impacted if there is large incoming supply. their existing tenants or attract new tenants. According to DOSM, the unemployment Apart from the location factor, Saleha How then would the housing rental mar- Rental rates will rate rose to 5.3% in May 2020, before drop- reminds investors to look for the right unit ket fare in the future? ping to 4.9% in June 2020 which is still the sizes, well-managed properties and safe Saleha believes that the Covid-19 pan- be impacted in the highest rate in 30 years. neighbourhoods. demic and the weak local and global econ- Khong also believes that rental rates will Also one should not forget that purchase omy will affect rental rate growth in com- short term, but be impacted in the short term, but rental de- price is an important factor in determining mercial and residential properties. mand is expected to remain fairly stable as rental yield. With buyers having a bigger “However, the housing rental demand rental demand is the need for space is still strong in the Klang say in the current market, it is a good time could be retained as more people are de- Valley where housing tenants mainly com- to start hunting for bargains in 2H2020 and laying house buying decisions and opting prise students, single professionals, young into 2021, Khong opines. to rent instead. expected to remain couples as well as young families who have “This is because housing affordability is yet to buy their own homes. still an issue in Malaysia. The Department fairly stable as the “Nonetheless, there could be rent com- Will rental rates drop? of Statistics Malaysia (DOSM) in May 2020 pression towards 2H2020 due to the tough The Covid-19 outbreak and the ensuing projected that the unemployment rate need for space is business environment and market conditions. Movement Control Order have left many would range between 3.5% and 5.5% in “Landlords are slightly more accommo- struggling with pay cuts and job losses. Not 2020 owing to Covid-19, showing that still strong in the dative now in terms of rent to retain their only have mall and office landlords offered more are losing income. We expect more existing tenants. Many are giving rental rent relief to their tenants, some residential people will opt to rent instead of buying a Klang Valley discounts since the Covid-19 lockdown pe- landlords have also been cutting rents to aid home,” she adds. riods,” he highlights.

Potential sustainable – Desa ParkCity Click here

s more vertical homes come up in to read more about Desa ParkCity, the rental market of Desa ParkCity the upmarket township has become more vibrant in the recent few years, Aattracting expats and young families. c i t y sd n b hd Savills Malaysia managing director Datuk ark Paul Khong likes the self-contained township for its with various amenities and the

proximity to Kuala Lumpur city centre. n a p p erda Although the general high-end rental market is expected to be impacted by the economic slowdown, Khong believes that Desa ParkCity’s rental demand would be sustainable in the medium to long term, thanks to its location, brand positioning and master planning. He notes that Desa ParkCity’s rental pattern has been rather stable in the last five years, primarily due to the limited supply in the township as the developer ParkCity Holdings is able to control the supply by dictating the new launches into the market. “In other prime areas, multiple landowners in a single location will continue to build and cause an influx of new supply which affect rental trends in the vicinity,” he shares. Located close to matured areas such as Kepong, Petaling Jaya and Mont’Kiara, a variety of markets, shopping malls, banks, hospitals and commercial hubs are available nearby. EP 7 Friday august 28, 2020 news

Matrix Concepts to unveil Precinct 2 in Laman Sendayan next month

pictures by Matrix Concept By RACHEL CHEW

SEREMBAN: Following the overwhelming response to the launch of Avisa and Belis- sa landed homes in July, Matrix Concept Holdings Bhd is gearing up for the launch of Precinct 2 in its Laman Sendayan township in Negeri Sembilan next month. Dubbed Cassia and Delia (both with- Lim: The in Precinct 2) the freehold development pace of new comprises single-storey and double-storey launches in terraced houses with built-up sizes starting Precinct 2 has from 1,229 sq ft and 2,150 sq ft, respectively. sped up as the The Precinct 2 development carries a sales of landed gross development value (GDV) of RM138.5 homes in million. The selling price for Cassia starts Precinct 4 were from RM288,888 while Delia is selling from well-received. RM398,888 onwards. An aerial view of Laman Sendayan. Matrix Concept chief marketing officer Lim Kok Yee told EdgeProp.my the pace of up of 2,064 sq ft and priced at RM350,000. Laman Sendayan is a 110-acre freehold ideal residential area for young couples new launches in Precinct 2 has sped up as “All 306 units were taken up on that day development located adjacent to Bandar and families. the sales of landed homes in Precinct 4 — itself with a total sales value of RM94.6 mil- Sri Sendayan. Targeted as a guarded neigh- Located in Negeri Sembilan, Bandar Sri Avisa and Belissa, were well-received. lion... We had received over 600 online reg- bourhood, it comes with perimeter fencing Sendayan is a self-sustained township com- Last month, the developer unveiled the istrations from interested purchasers before for each of its precincts as an additional se- prising residential, commercial, institution- Avisa and Belissa developments, which has the virtual launch took place. curity feature. al and industrial properties. The township seen both projects being snapped up within “We are surprised with the overwhelm- The development includes a 3.3-acre is surrounded by many amenities such as a day after the virtual official launch. ing response, especially during the Covid-19 central park with playpark facilities such police station, fire station, hypermarket, Avisa consists of 162 single-storey terraced pandemic period. As a result of the Movement as basketball court, reflexology path and hospitals, schools and shopping centres. It homes with built-up of 1,075 sq ft and selling Control Order (MCO) stay-at-home experi- a winding joggers’ track plus landscaped is also accessible via North-South Express- price of RM225,000, while Belissa offers 144 ence, lots of our potential buyers noticed that pockets of greenery. Located 20km to Port way, Seremban-Port Dickson Highway, Sen- double-storey terraced homes with built- a home is where you take shelter,” said Lim. Dickson, Laman Sendayan would be an awang-KLIA Expressway and KLIA Linkage.

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From all of us at EP 8 Friday august 28, 2020 feature

Sunway Serene overlooks a Brought to you by 15-acre lake and enjoys an astounding vista of sprawling greens and clear waters. By Chelsey Poh

elana Jaya covers five sections in Petaling Jaya, Selangor, name- ly sections SS3 to SS7. It is a vibrant suburb located about 25 min- Jaya 1 and 2. Meanwhile, Univer- utes’ drive from Kuala Lumpur city siti Malaya is about 15 minutes’ Kcentre. The area has a good mix of drive from the township. residential and commercial proper- Kelana Jaya is surrounded by ties, both enjoying robust demand. mature areas that further support its JLL Malaysia country head YY potential as a comprehensive and Lau tells EdgeProp.my that retail lively township, with much demand and office spaces here are record- for its properties. The Sungai Way ing healthy demand in general as Free Trade Industrial Zone is an a result of the vibrant economic industrial component bordering activities in the area. Kelana Jaya, while three golf clubs EdgeProp Research’s data show are located nearby, namely Subang that office units in Kelana Jaya enjoy National Golf Club, Glenmarie Golf an indicative rental yield of 5.27%. and Country Club and Saujana Golf Many office buildings here have close and Country Club. to full occupancy with strong asking property sunway The township boasts convenient rentals, such as The Ascent, which has road and public transportation. The a rental rate of about RM6.20 psf. Damansara-Puchong Expressway Paradigm Mall in SS7 Kelana (LDP) cuts through the township, Jaya is also recording strong occu- which also has direct entrance to pancy of above 90%, according to the New Klang Valley Expressway data from JLL’s Real Estate Intelli- Kelana Jaya (NKVE), Jalan Lapangan Terbang gence Services (REIS). Subang and the Federal Highway. Supported by dynamic commer- a dynamic housing For public transportation, Kela- cial and retail activities, residential na Jaya is mainly served by bus properties in Kelana Jaya also enjoy routes as well as Kelana Jaya and good price appreciation. Taman Bahagia LRT stations close According to data from EdgeProp and business suburb to the northern part of the township, Research, average transacted price and Glenmarie LRT station at its psf of landed houses in Kelana Jaya south-east border. Lembah Subang went up from RM340 in 2012 to MRT station is also located close by.

RM471 in 2018, before dropping suhaimi yusuf | THE EDGE to RM413 in 2019. Although prices cant land parcels in the area, newer have moderated recently, there is developments here are mostly high- Sustained no denying the impressive price rise projects. There are several new potential growth of 21% recorded over the high-rise residential developments LaurelCap Sdn Bhd executive direc- period of 2012 to 2019. such as High Park Suites, The Grand tor Stanley Toh opines that housing For high-rise homes, their aver- Sofo and Infinity Tower. price growth has slowed mainly due age transacted price psf in 2012 was One of the most anticipated up- to external factors like the Covid-19 RM314. Prices hit a peak at RM428 coming high-rise projects on the pandemic and overall pessimistic in 2013, before falling to as low as fringes of Kelana Jaya is Sunway Below: market sentiment. RM197 in 2015. In 2019, it recov- Serene, which is located at Jalan The extension Nonetheless, he believes that for ered to RM417, giving an indicative SS8/2. Developed by Sunway Prop- of the LRT a mature and established area like rental yield of 5.48%. erty, the serviced residence devel- line beyond Kelana Jaya, housing prices would Due to the scarcity of large va- opment overlooks a 36-hole golf Toh: The potential of Lau: The significance of Kelana Jaya appreciate in the long term, sup- course and a 15-acre lake. With its housing in Kelana Jaya the LRT line in this area is is a definite ported by strong demand. “Prices sprawling greens and scenic lake, lies within its freehold evident and the effect is boon for the will still continue to rise as land Chart 1: Average transacted price psf for landed homes Sunway Serene has been touted as tenures, high connectivity prevalent. development is becoming increasingly scarce, in Kelana Jaya the “Best Lakefront Residence in PJ”. and being close to various of this area. especially freehold land plots in RM psf Slated to be completed by sec- amenities. good locations,” he says. 500 ond quarter in 2022, Sunway Serene pictures by Low Yen Yeing | EdgeProp.my Toh notes that people living here 480 consists of two 52-storey blocks of are mostly small families, young 460 serviced residences housing a total couples and young adults. He be- 440 of 894 units. Unit built-ups range lieves that the main draw for home- 420 from 892 sq ft to 1,788 sq ft. buyers in Kelana Jaya lies in the 400 Living in Sunway Serene is freehold tenures of the homes, the 380 like being on a holiday every day, schools within and nearby the vi- 360 featuring fun Facilities such as a cinity, its educated mid- to high-in- 340 210m-long lazy river, mini water come population and the good con- 320 play, Olympic-length swimming nectivity in the area. 300 pool, Jacuzzi, gym, games room, as JLL Malaysia’s Lau concurs that ‘12 ‘13 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 well as sky facilities which include public transportation is important

Source: edgeprop research sky gym, sky Jacuzzi and sky lounge in the area. “The significance of the at level 50 and 51 with stunning PJ LRT line in this area is evident and Chart 2: Average transacted city view. the effect is prevalent. The exten- price psf for high-rise homes Another unique feature at Sun- malls, shops and offices such as sion of the LRT line beyond Kela- in Kelana Jaya way Serene is the 24-hour Care Cen- Self-contained Paradigm Mall, Kelana Centre Point na Jaya has been a definite boon,” RM psf 450 tre supported by Sunway Medical neighbourhood and Kelana Square. she offers. Centre just located at the podium Kelana Jaya offers housing estates Recreational facilities in Kelana She believes that areas with fur- 400 facilities. There will be 2 certified comprising terraced houses, sem- Jaya are also mostly located in SS7, ther potential to achieve higher nurses stationed at the Care Cen- idees and bungalows, as well as including Kelana Jaya Stadium, occupancy and higher yield, es- 350 tre who will be able to treat minor several high-rise residential de- Kompleks Sukan PKNS, Taman pecially offices in Kelana Jaya, are 300 conditions like fever, cough, gastric velopments. Amenities are plenty Bandaran Kelana Jaya and Kela- those close to the transit lines. pain, sore throat, blood pressure including malls, shoplots and offic- na Lake. However, Toh points out that 250 and glucose level checking and es, as well as multiple recreational Other notable amenities within despite the LRT stations in Kelana provide general health education. amenities. Kelana Jaya are Giant Hypermarket Jaya, one of the biggest drawbacks 200 With this unique feature, residents Among all the sections in Kelana and Kelana Jaya Medical Centre. of the area is still traffic congestion. who have infants and elderly fam- Jaya, SS7 is the most comprehensive Schools include Nobel Internation- “To improve the situation, perhaps 150 ily members could enjoy a peace and upmarket as it comprises high- al School, Malaysia Airlines Acade- an MRT station should be included ‘12 ‘13 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 of mind. rise and landed houses, as well as my, SMK Kelana Jaya and SK Kelana within the area,” he says. Source: edgeprop research EP 9 Friday august 28, 2020 news

US commercial-property prices fall with worst yet to come

bloomberg By John Gittelsohn or October,” Costello said. Hotel prices dropped 4.4% in the year NEW YORK: US commercial real estate prices through July, while retail declined 2.8% and are falling as the economic toll of the Cov- offices fell 0.9%, according to Real Capital. id-19 pandemic worsens — and the decline Apartment building prices climbed 6.9%, is just getting started. and industrial values rose 8.3%, leading to a Indexes for office, retail and lodging prop- 1.5% gain for all property types in the period. erties all slipped year-over-year in July, data On a monthly basis, industrial prices from industry tracker Real Capital Analytics jumped 0.9% from June, while apartments Inc. show. Transaction volume plummeted gained 0.2% and other sectors fell. to US$14 billion (RM58.3 billion) across all The last time office prices slipped year-over- sectors, down 69% from July 2019. year before the pandemic was January 2011. “The worst is yet to come,” Real Capital In central business districts of cities such as senior vice president Jim Costello said in a New York, San Francisco and Boston, prices telephone interview. “We’re not seeing the started recovering from the Great Recession fallout yet of owners selling properties and in the fourth quarter of 2010. taking a loss.” Multifamily prices are starting to diverge Commercial real estate deals have been as suburban garden apartments lure resi- in a deep freeze as lenders give borrowers dents from urban-core buildings that faced slack to defer payments and landlords are pricing pressure even before Covid-19. reluctant to drop asking prices. That may Family-forming millennials will drive the change in the next few months as debts shift away from expensive, densely populated mount and the outlook dims for retail, ho- cities long after the pandemic’s impact fades, tel, office and even apartment properties that so property values in the suburbs are likely Commercial real estate deals have been in a deep freeze already suffered from oversupply before the to rebound faster, Costello said. as lenders give borrowers slack to defer payments and pandemic hammered the U.S. economy. “The last downturn, suburbs were the “I wouldn’t be surprised if we start to laggard,” he said. “This one will be differ- landlords are reluctant to drop asking prices. see some of it start to break in September ent.” — Bloomberg

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Friday august 30, 2019 Click/tap on spotlight each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM2,500,000 RM948,000 RM1,400,000 RM420,000 Cendana on Sultan Ismail, KLCC, Ceria Residence ,Cyberjaya, Mutiara Gombak, Gombak, Eco Grandeur, Bandar Puncak Kuala Lumpur Selangor Selangor Alam, Selangor Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Bungalow Tenure: Freehold Type: Terraced house Tenure: Leasehold Built-up: 2,486 sq ft Bedroom: 5 Built-up: 1,650 sq ft Land size: 1,650 sq ft Built-up: 3,000 sq ft Land size: 2,800 sq ft Built-up: 1,750 sq ft Land size: 1,400 sq ft Bathroom: 4 Bedroom: 5 Bathroom: 5 Bedroom: 4 Bathroom: 4 Bedroom: 4 Bathroom: 3

Zuraini Zallin (PEA1699) Rosila Binti Muji (E2666) Zull Ariffin (PEA1829) Syaemann Wan Noor (REN 42321) RESCOM REALTY (VE (3) 0244) HARTAGRID PROPERTIES (E (3) 1773) RIZQ REALTY (E (3) 1880) WEISE INTERNATIONAL PROPERTY CONSULTANTS +6019 663 1526 +6019 319 7877 +6019 212 4461 SDN BHD (VE (1) 0241) +6013 502 6744

RENTED foR RM1,700 (RM3.09 psf) Serviced apartment in Berjaya Times Square Serviced Residence, Kuala Lumpur Concluded by: Meifen Low (REN 06451) of One WSM Property Sdn Bhd DONE (+6012 653 0714) When: July 2020 DEAL RM1,500,000 RM5,800/mth Seksyen 6, Bandar Baru Bangi, Berjaya Times Square Serviced Square Serviced Residence. He The Ruma, KLCC, Kuala Lumpur Bangi, Selangor Noteworthy Residence is located at Jalan decided to move to this unit after Type: Condominium Tenure: Freehold Type: Semidee house Tenure: Leasehold Built-up: 915 sq ft Bedroom: 2 Bathroom: 2 • Freehold Imbi, Bukit Bintang. It comprises his tenancy agreement ended as Built-up: 3,179 sq ft Land size: 3,600 sq ft 1,200 serviced apartments the owner is offering him better Bedroom: 6 Bathroom: 5 • Built-up: 550 sq ft spread across two residential deal,” Low shares. (REN 03892) tower blocks, each 35-storey She adds that the deal was (REN 02529) Syahrir • 1-bedroom; Tracy Tan HUNT PROPERTIES (BANGI) SDN BHD (E (1) 1498/3) 1-bathroom high. The built-up sizes range sealed at RM1,700 per month, RGROUP 6 SDN. BHD (E (1) 1707/6) +6018 403 8808 from 550 sq ft to 1,070 sq ft. which was slightly below +6012 223 3203 • Fully furnished The development is market rate. “The owner doesn’t • Mid-floor surrounded by various amenities mind giving some discount •Facilities: a such as shopping malls, as the Covid-19 pandemic swimming pool, restaurants, schools and public has affected the entire rental ample covered transport station such as LRT market. Moreover, the new parking bay, a and Monorail line. tenant agreed to sign a two-year gymnasium, a laundromat and According to One WSM tenancy agreement.” 24-hour security Property Sdn Bhd real estate In 2019, some 11 units of with CCTV negotiator Meifen Low, who Berjaya Times Square Serviced surveillance had concluded a rental deal Residence were transacted at • Amenities: A at Berjaya Times Square an average price of RM748,455 few minutes’ Serviced Residence recently, the or RM1,047 psf, according to RM2,800/mth walk away from residential project is a popular EdgeProp Research. RM22,702,800 Hang Tuah investment property given its As at mid-August, there are Amaya Saujana, Saujana Subang, LRT station. excellent location. 22 sales listings on EdgeProp. The Vertical, Bangsar South, Saujana, Selangor Surrounded by “The owner of this unit is an my. The average asking price Kuala Lumpur Type: Condominium Tenure: Freehold shopping malls, investor who has been renting it is RM862,800 or RM1,221 psf. Type: Office Tenure: Leasehold Built-up: 1,569 sq ft Bedroom: 3 Bathroom: 2 offices, eateries Built-up: 20,000 sq ft out for rental income. Meanwhile, Meanwhile, some 12 units are and restaurants, the new tenant is an expatriate listed for rent at an average medical center Viannie Chua (REN 34954) and clinic and who works nearby. He was renting asking monthly rental of Victor Lim (REN 09135) CBD PROPERTIES (USJ) SDN BHD (E (1) 1197/8) schools. another unit here in Berjaya Times RM3,125 or RM4.30 psf. CBD PROPERTIES SDN BHD (E (1) 1197) +6012 851 1491 +6019 280 2788

RM5,500,000 RM1,450,000 RM4,200,000 RM35,000,000 Tropicana Golf & Country Resort, Laman Bayu, Kota Damansara, Semtec Technology Park Taman Molek, Johor Bahru, Johor Tropicana, Selangor Selangor @ Semenyih, Selangor Type: Residential land Tenure: Freehold Type: Bungalow Tenure: Leasehold Type: Terraced house Tenure: Leasehold Type: Factory Tenure: Freehold Land size: 10 acres Built-up: 6,000 sq ft Land size: 7,513 sq ft Built-up: 5,610 sq ft Land size: 1,870 sq ft Built-up: 9,874 sq ft Land size: 21,275 sq ft Bedroom: 7 Bathroom: 6 Bedroom: 5 Bathroom: 5

Vincent Liaw (REN 05103) Vincent Ng (E 0994) Vincent Tan (REN 11490) Vinnie Yiw (REN 40295) GATHER PROPERTIES SDN BHD (E (1) 1536/6) KIM REALTY (E (3) 0211) QUINCO REALTY SDN BHD (E (1) 1796) JLL PROPERTY SERVICES (MALAYSIA) SDN BHD +6016 847 3577 +6019 336 0899 +6019 262 8399 (E (1) 1511) +6016 220 6570 EP 11 Friday august 28, 2020

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RM588,000 RM1,300,000 RM1,680,000 RM30,000,000 Kiara Residence 2, Bukit Jalil, Mont Kiara Aman, Mont Kiara, Ara Hill Condominium, Ara Georgetown, Penang Kuala Lumpur Kuala Lumpur Damansara, Selangor Type: Bungalow Tenure: Freehold Type: Condominium Tenure: Leasehold Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 35,000 sq ft Land size: 62,692 sq ft Built-up: 1,196 sq ft Bedroom: 3 Bathroom: 2 Built-up: 1,668 sq ft Bedroom: 3 Built-up: 2,390 sq ft Bedroom: 5 Bedroom: 10 Bathroom: 7 Bathroom: 2 Bathroom: 6

Vivian Ong (REN 00426) Vivienne Ng (REN 04563) Wenda Tee (REN 31380) William Wong (REN 06642) Full Homes Realty Sdn Bhd (E (1) 1501/3) REAPFIELD PROPERTIES (TAMAN SEA) SDN BHD Reapfield Properties (HQ) Sdn Bhd (E (1) 0452) MERIDIN PROPERTIES SDN BHD (E (1) 1525/2) +6016 212 2689 (E (1) 0452/9) +6017 338 8859 +6013 348 9163 +6012 473 2313

RENTED foR

RM18,000/mth (RM2.69 psf) DONE Duplex condo in SENI DEAL Mont’Kiara, Kuala Lumpur Concluded by: Kevin Teh (REN 02206) of Propstar Realty (+6013 555 7333) When: Feb 2020 RM3,962,400 RM16,100,000

Bandar Bukit Raja, Selangor SENI Mont’Kiara is a freehold to move around. The tenant has Paroi Seremban, Negeri Sembilan Type: Factory Tenure: Freehold Noteworthy luxury condominium that been searching for such a unit Type: Agriculture land Tenure: Freehold Built-up: 6,096 sq ft Land size: 8,649 sq ft Land size: 805,032 sq ft • Freehold comes with a 2,000 sq ft art that meets multi-generational • Built-up: 6,684 sq ft gallery and a five-acre island living requirement and this unit • 7-bedroom and concept landscaping by designer fits all the requirements,” Teh Winny Su (REN 00355) 9-bathroom Karl Princic. It is a joint project tells EdgeProp.my. Wlliam Tan Koon Leng (PEA 1315) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) • Fully renovated and between CapitaLand Financial Meanwhile, there are not IQI REALTY SDN BHD (E (1) 1598/1) +6017 298 1800 fully furnished unit and Ireka Group (via Aseana many enquiries for luxury +6014 313 1931 • Low floor Properties Ltd’s subsidiary properties since early this year • Facilities include tennis Amatir Resources) under the due to Covid-19 pandemic. courts, Olympic-sized i-Zen development series. Therefore, the landlord is happy swimming pools, Located in the high-end to accept the rental offer. children’s playground, Taichi and yoga station, expat enclave of Mont’Kiara, According to data from Jacuzzi and glass lifts Seni Mont’Kiara comprises EdgeProp Research, a total of • Amenities: International two 40-storey blocks and two 234 units at SENI Mont’Kiara schools nearby 12-storey blocks housing a were sold from 2015 to 2019 at such as Mont’Kiara total of 605 units and 2,000 prices ranging between RM1 International parking bays. million and RM8 million or School and Garden International School; Propstar Realty’s Kevin RM580 psf and RM1,580 psf. walking distance to Teh said the landlord planned As at mid-August 2020, RM1,300/mth Solaris Mont’Kiara to sell the property after there were 82 rental listings for RM1,800/mth (450m), 2.5km from he decided to downsize SENI Mont’Kiara with asking Publika Shopping Ritze Perdana, Damansara to a smaller unit for easy rents ranging from RM6,500 Perdana View Condominium, Gallery Perdana, Selangor maintenance but the tenant (RM2.56 psf) to RM14,200 Damansara Perdana, Selangor •Easy accessibility via to Type: Condominium Tenure: Leasehold proposed to rent instead. (RM3.90 psf) per month. Type: Condominium Tenure: Leasehold Built-up: 382 sq ft Bedroom: Studio major highways such as Built-up: 900 sq ft Bedroom: 3 Bathroom: 2 Penchala Link, North- “The tenant loves the space Meanwhile, there were Bathroom: 1 South Expressway, and the privacy. The ground 61 sale listings asking for an Yat Min (REN 31294) DUKE Highway and floor unit also makes it easier average price of RM2.3 million Yeong Chun Chieh (REN 20790) SPRINT Highway. WTW REAL ESTATE SDN BHD (E (1) 0507/6) for the elderly family members or RM824 psf. BIG PLUS PROPERTIES SDN BHD (E (1) 1834) +6018 661 3088 +6012 890 0043

RM88,179/mth RM8,500/mth RM31,000/mth RM6,500,000 Rembia Solar Valley, Alor Gajah Quadro Residences, KLCC, Balakong Jaya 2, Balakong, Lakeview, Saujana , Selangor Melaka Kuala Lumpur Selangor Type: Bungalow Tenure: Freehold Type: Factory Tenure: Freehold Type: Condominium Tenure: Freehold Type: Factory Tenure: Freehold Built-up: 5,200 sq ft Land size: 10,200 sq ft Built-up: 73,483 sq ft Land size: 124,884 sq f Built-up: 1,800 sq ft Bedroom: 3 Built-up: 20,000 sq ft Land size: 38,000 sq ft Bedroom: 6 Bathroom: 6 Bathroom: 5

Yong Hao Sit (REN 09622) Roger Lee (REN 28996) Zac Lim (REN 19685) Zack Ng (PEA2049) REGIONAL REAL ESTATE (E (3) 1274) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) HARTAMAS REAL ESTATE (M) SDN BHD (1439) KNIGHT FRANK MALAYSIA SDN BHD (VE (1) 0141) +6012 690 8291 +6016 723 4867 +6017 579 3815 +6017 770 6897 EP 12 Friday august 28, 2020

Friday august 30, 2019 Click/tap on spotlight each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM9,000/mth RM1,250,000 RM890,000 RM565,000 Seksyen 9, Shah Alam, Selangor Sri Carcosa, Seremban, Taman Putra Prima, Puchong, Maisson Ara Damansara, Type: Shoplot Tenure: NA Negeri Sembilan Selangor Ara Damansara, Selangor Built-up: 1,650 sq ft Type: Semidee house Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 3,200 sq ft Land size: 3,825 sq ft Built-up: 2,488 sq ft Land size: 1,650 sq ft Built-up: 1,020 sq ft Bedroom: 3 Bedroom: 6 Bathroom: 5 Bedroom: 5 Bathroom: 4 Bathroom: 2

Zairi (REN 01461) Zhafri Aiman (REN 38103) Rex Tham (REN 37107) Zoe Ong (REN 00379) IQI REALTY SDN BHD (E (1) 1584) IQI REALTY SDN BHD (E (1) 1584) LUXTON REALTY SDN BHD (E (1) 1897) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) +6010 783 0629 +6012 396 3080 +6018 570 9445 +6010 278 2202

RM1,580,000 RM118,000 RM2,000/mth RM1,200,000 Anggun, Alam Nusantara, Taman Tan Sri Yacob, Skudai, Johor First Residence, Kepong, Puteri 6, Bandar Puteri Puchong, Setia Alam, Selangor Type: Flat Tenure: Freehold Kuala Lumpur Selangor Type: Terraced house Tenure: Freehold Built-up: 646 sq ft Bedroom: 3 Bathroom: 2 Type: Condominium Tenure: NA Type: Terraced house Tenure: Freehold Built-up: 4,248 sq ft Land size: 2,518 sq ft Built-up: 1,398 sq ft Bedroom: 4 Built-up: 2,430 sq ft Land size: 1,650 sq ft Bedroom: 7 Bathroom: 6 Bathroom: 2 Bedroom: 4 Bathroom: 4

Saiful Jalal (REN 16730) Sally Lim (REN 24280) Samson (REN 29578) Samuel Sing (REN 14178) LEGACY REAL PROPERTY SDN BHD (E (1) 1925) ROYCE PROPERTIES & REAL ESTATE SDN BHD MAXIMA REALTY (E (3) 0665) CITI LIFE REAL ESTATE (E(3) 1627) +6012 280 6853 (E (1) 1934) +6016 385 8757 +6011 563 31178 +6012 279 0150

RM307,800 RM2,690,000 RM1,400/mth RM399,000 Bandar Springhill, Seremban, Sierramas West, Sungai Buloh, Casa Ria, Cheras, Kuala Lumpur Sky Shamelin, Cheras, Negeri Sembilan Selangor Type: Condominium Tenure: Leasehold Kuala Lumpur Type: Terraced house Tenure: Freehold Type: Bungalow Tenure: Freehold Built-up: 1,184 sq ft Bedroom: 3 Bathroom: 2 Type: Condominium Tenure: Leasehold Built-up: 1,782 sq ft Land size: 1,540 sq ft Built-up: 3,700 sq ft Land size: 4,478 sq ft Built-up: 604 sq ft Bedroom: 2 Bathroom: 2 Bedroom: 4 Bathroom: 3 Bedroom: 4 Bathroom: 6

San Wai Hong (REN 34629) Sandy Lim (REN 05454) Serene Ng (REN 02255) Shah (REN 08625) VIVAHOMES REALTY SDN BHD (E (1) 1670/3) CiD Realtors Sdn Bhd (E (1) 1855/2) CENTRICITY REALTY (E (3) 178) PTLM REAL ESTATE SDN BHD (E (1) 1741) +6016 345 9809 +6016 301 2015 +6019 311 7892 +6019 900 0772

RM413,000 RM375,000 RM320,000 RM750,000 Bandar Pulai Jaya, Skudai, Johor Mahsuri Apartments, Taman Taman Batu Belah, Klang, Selangor Taman Midah, Cheras, Type: Terraced house Tenure: Freehold Setiawangsa, Kuala Lumpur Type: Terraced house Tenure: Freehold Kuala Lumpur Built-up: 1,400 sq ft Land size: 1,540 sq ft Type: Apartment Tenure: Freehold Built-up: 825 sq ft Bedroom: 3 Bathroom: 2 Type: Bungalow Tenure: Freehold Bedroom: 4 Bathroom: 3 Built-up: 820 sq ft Bedroom: 3 Bathroom: 1 Built-up: 2,400 sq ft Land size: 1,540 sq ft Bedroom: 5 Bathroom: 2

Shahrill Azuan (REN 22930) Shahrul Nizam (REN 24288) Sonia Soh (REN 32743) Elvie Ho (REN 22102) KAIZEN REALTY (E (3) 1804) AJC PROPERTY SURVEYORS SDN BHD (VE (1) 0202) THE ROOF REALTY SDN BHD (E (1) 1605) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) +6013 371 8152 +6019 619 7278 +6017 285 2220 +6012 303 3788 EP 13 Friday august 28, 2020

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