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A SWOT Analysis of Chan Sow A PULLOUT EVERY FRIDAY WITH FRIDAY, JULY 26, 2019 . ISSUE 2936/2019 . PP19055/06/2016(034530) PRINT + DIGITAL FundMyHome+ In partnership with Supported by EP DepositKu participants now Close to 16,000 10NEWS ready to move into PPR residents to their new homes benefit from Sayangi SEE STORIES ON Rumahku campaign PAGES 4 AND 5 Subscribe to pullout A new chapter for FREE! for KL’s Chan Sow Lin It is taking some time but the old industrial area is being gentrified. See Pages 6 to 8. available online + offline Missed our past issues? Click/tap to visit our digital archive! www.EdgeProp.my EP 2 FRIDAY JULY 26, 2019 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Dairy Farm to be ready in September. shutters six Giant Property market shows In a press conference after a and Cold Storage FundMyHome+DepositKu scheme signs of bottoming out event on July 24, Housing and Lo- stores in Malaysia cal Government Minister Zuraida Hong Kong-based Dairy Farm In- Kamaruddin said the ministry is ternational Holdings Ltd has shut currently fi nalising the schemes. down at least six Giant and Cold “We are now in the process of Storage outlets so far this year, finalising a few schemes, for ex- reported The Edge Malaysia. ample, the Cagamas scheme and Sources told the weekly that another one with China partners on more closures are expected. a rent-to-own scheme. A few banks Dairy Farm’s local subsidiary is are also fi nalising their schemes. GCH Retail (M) Sdn Bhd. The Edge All of these schemes are rent-to- identified at least six stores that own schemes.” have closed this year: Giant Para- mount and Giant Shah Alam Section Hannah Yeoh, The Edge Property Sdn Bhd 18 in Selangor, Cold Storage Subang The Malaysian property market is ed to provide further traction for TTDI residents (1091814-P) Parade and Cold Storage at Sunway poised to gather momentum mov- the housing market, including the Level 3, Menara KLK, reject scaled- No. 1 Jalan PJU 7/6, Mutiara Pyramid mall in Petaling Jaya, Giant ing into the second half of 2019 high-end condominium or serviced Damansara, 47810 Petaling Jaya, Sungai Petani in Kedah and Giant as the residential market is “fir- apartment segment,” he said in down Rimba Kiara Selangor, Malaysia Wangsa Walk in Kuala Lumpur. ing various cylinders”, said Knight a press release accompanying its development It is understood that Giant Ban- Frank Malaysia managing director Real Estate Highlights 1H2019 EdgeProp.my dar Puteri Puchong is shutting Sarkunan Subramaniam. report. The Taman Tun Dr Ismail Residents down next month while Cold Stor- “We may fi nally be seeing rays He added that the HOC will Association, a group of longhouse Managing Director/Editor-in-chief age Jaya One in PJ may also close. of hope in the housing market. The continue to stir interest among residents of Taman Rimba Kiara Au Foong Yee HOC (Home Ownership Campaign) homebuyers while providing an and MP Hannah Yeoh have said EDITORIAL First phase of mall 2019, which has been extended opportunity for developers to clear no to the scaled down Taman Executive Editor Sharon Kam until Dec 31, 2019 and is expect- existing stock. Rimba Kiara development in Kuala Assistant Editor Tan Ai Leng at IKEA Batu Kawan Deputy Chief Copy Editor Lumpur. James Chong to open end-2019 Yeoh said that only one of two Senior Writer IKEA Southeast Asia plans to open development project in Bandar outcomes would be accepted. Rachel Chew Get BREAKING Writers the fi rst phase of a shopping centre Cassia, Batu Kawan, with a gross PROPERTY “Our proposed resolution is to Natalie Khoo, Shawn Ng, that will be linked directly to its development value of over RM13 NEWS delivered revoke the development order giv- Chin Wai Lun, Chelsey Poh to you daily via Art Director Sharon Khoh IKEA Batu Kawan outlet in Penang billion. The project is a joint-ven- en. If you want to continue to allow Senior Designer Jun Kit by end-2019. As of July 22, 85% ture between IKEA Southeast Asia WhatsApp! them to build, they must build in Designer Rajita Sivan of the retail extension space has and Aspen Group. the current long house footprint TO SUBSCRIBE been leased. Among the tenants — 4.4 acres and not go beyond the For New Launches/Events/ 1. Add +6018 290 2116 Press Releases/News Tips are Sports Direct, Project Rock and current footprint. Government to to your contact email: [email protected] Harvey Norman. Taking up 50,000 “The scaled-down version will Tel: (03) 7721 8211 Fax: (03) 7721 8280 announce more easy list as EdgeProp sq ft, Harvey Norman is bringing its homeownership News. Or scan never be accepted by me or the ADVERTISING & MARKETING fl agship superstore concept beyond this QR code. residents.” Associate Account Director, the Klang Valley for the fi rst time. schemes soon The scaled-down plan has 1.6ha Advertising & Marketing 2. Send us a WhatsApp with Heidee Ahmad (019) 388 1880 The retail extension is part of More easy homeownership schemes "NEWS" and your full of open space taken up for devel- Senior Account Manager the master plan for Aspen Vision for fi rst-time homebuyers including opment, down from 3.2ha in the Ian Leong (012) 359 1668 name in the message. Cecilia Too (012) 319 7666 City, a 245-acre freehold mixed rent-to-own schemes are expected original plan. Account Manager Joane Tan (012) 377 2885 How do I get past issues of this weekly pullout? trending Marketing Support & Ad Trafˎ c Go to www.EdgeProp.my to download for free Madeline Tan (03) 7721 8218 now email: [email protected] BUSINESS DEVELOPMENT Manager Nimalen Parimalam If you have any real estate-related events, email us at [email protected]. Account Manager Stannly Tan LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. Executive Nurfarah Diyana Mohd Firhad enjoy some freshly-prepared a joint loan in the current 31, Shah Alam, Selangor PRODUCT DEVELOPMENT & CUSTOMER ADVISORY dim sum. There will also be property market, featuring Contact: (012) 922 1533 Senior Manager Elizabeth Lay a complimentary Touch N guest speaker Hann Liew, Want to have some fun with Associate Omar Nawawi, Go RFID installation on the the CEO of RinggitPlus. Didi & Friends? Join Purcon at Ayesha Hannah Amer Ezani spot for registered guests. the launch of Taman Impian For enquiries and listings RSVP now at Tropicana Corp Melur 2 and enjoy delicious email: [email protected] Tel: (03) 7733 9000 Bhd’s Facebook page. food and a variety of games and workshops while you EdgeProp.my pullout is published TRIO by Setia mingle with your favourite by The Edge Property Sdn Bhd. It is available with The Edge Financial Clay Art Workshop Sunday Funday characters from Didi & Friends. Daily every Friday. The pullout @ Eco Sky Date: July 28 (Sun) is also distributed at more than Date: July 27 (Sat) Time: 10am to 5pm Dinosaur Park 200 ofˎ ces, shopping complexes, condos, medical centres and F&B Time: 1pm to 2pm Venue: TRIO Sales Gallery, Eco Pen Holder Workshop @ Bandar Rimbayu outlets in the Klang Valley. You can Venue: Life Space @ Eco Sky, Bukit Tinggi Klang, Selangor Date: July 28 (Sun) Date: July 28 (Sun) also download it for free at 1-29, Eco Sky, No. 972, Batu 6 Contact: (03) 3162 3322 Time: 2pm to 4pm Time: From 8am onwards www.EdgeProp.my 1/2, Jalan Ipoh, Kuala Lumpur Have some fun with baby goats, Venue: EcoWorld Gallery @ Venue: The Arc @ Bandar Contact: (012) 336 7231 rabbits, parrots, hedgehogs Eco Majestic, No. 1, Lingkaran Rimbayu, No. 1, Jalan Flora Th e Edge Malaysia or (012) 336 1953 and many other friendly Eco Majestic, Eco Majestic, 3, Bandar Rimbayu, Telok Publisher and Group CEO Pursue your interest in clay art- animals. There will be food Semenyih, Selangor Panglima Garang, Selangor Ho Kay Tat making at a workshop hosted and a chance to make your Contact: (012) 338 7232 Contact: (03) 5637 3821 EDITORIAL by Eco Sky by EcoWorld. At own souvenirs to take home. Eco Majestic is holding a Learn more and have fun with Editor-in-chief Azam Aris RM25 per class, the workshop workshop for those interested the dinosaurs at this all-day CORPORATE is open to participants aged Talk by Hann Liew, in creating their own eco- family event organised by IJM Chief Operating Ofˎ cer four years and above. CEO of RinggitPlus friendly pen holders. At Land Bhd. Children can also take Lim Shiew Yuin ADVERTISING & MARKETING Date: July 27 (Sat) RM10/pax, participants will part in the Dino Dash Challenge, Chief Commercial Ofˎ cer Dim Sum Time Time: 12pm to 3pm go home with one of their obstacle courses and rodeo rides. Sharon Teh (012) 313 9056 @ Tropicana Gardens Venue: M Centura Sales own stationery stands. General Manager Fong Lai Kuan (012) 386 2831 Date: July 27 (Sat) Gallery, G-07, Maxim Citylights Senior Sales Managers Time: 11am to 5pm Sentul, No. 25 Jalan Sentul Impian Bersama Gregory Thu (012) 376 0614 Venue: Tropicana Gardens Pasar, Kuala Lumpur Didi & Friends Lim Sook Chin (012) 205 5986 Sales Gallery, Lot 52581, Jalan Contact: (03) 9212 8309 Date: July 28 (Sun) Head of Marketing Support & Ad Trafˎ c PJU 3/21, Tropicana Indah, Hosted by Mah Sing Group Time: 10am to 5pm Lorraine Chan (03) 7721 8001 Petaling Jaya, Selangor Bhd, discover how couples Venue: Galeri Impian @ No. 9-G, Contact: (03) 7880 0989 can maintain their personal Jalan Anggerik Aranda BG 31/ Head to Tropicana Gardens to fi nancial security when obtaining BG, Kota Kemuning, Seksyen FRIDAY JULY 26, 2019 • THEEDGE FINANCIAL DAILY EP 3 EP 4 FRIDAY JULY 26, 2019 • THEEDGE FINANCIAL DAILY NEWS FMH+DepositKu participants now ready to move into their new homes PICTURES BY LOW YEN YEING | EdgeProp.my BY RACHEL CHEW PUTRAJAYA: The first batch of homebuyers under the FundMyHome+DepositKu scheme are glad to finally have a home of their own.
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