EP 2 FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY

NEWS HIGHLIGHTS from www.EdgeProp.my

Forest City sees more Singaporean and Malaysian buyers SST: Penang Rehda announces Country Garden Pacifi cview Sdn Bhd lower home prices (CGPV) has reiterated that there has been a signifi cant increase of Singa- porean and Malaysian buyers in its Welcoming the government’s decision cost 10% less, backdated to Sept 1. Forest City project. to exempt building materials from “Apart from this, we are also of- In a recent statement, in response the Sales and Service Tax (SST), the fering a discount of 6% for houses to a report by The Washington Post, Penang chapter of the Real Estate costing below RM300,000 and is appli- the company said the marketing and Housing Developers’ Association cable to existing projects or new ones,” team has ventured into different (Rehda) this week announced 6% and he said at a recent event. regions, namely Hong Kong, Ma- 10% discounts on house prices. Meanwhile, Finance Minister cau, Taiwan, , Indonesia, Penang Rehda chairman Datuk Lim Guan Eng lauded the move by Thailand, Laos, Myanmar, the Phil- Toh Chin Leong said prices of houses Penang Rehda and hoped others will ippines, Dubai, and Japan. costing RM300,000 and above will follow suit in lowering house prices. “To date, our customer base is diverse and comes from close to The Edge Property Sdn Bhd (1091814-P) 30 countries, and we expect this 11 real estate investment trusts (RE- following the recent decision to will be on Encore Melaka, as well as Level 3, Menara KLK, representation of homebuyers and ITs) across four jurisdictions. review China- related clearing the remaining inventories No 1 Jalan PJU 7/6, Mutiara investors to increase signifi cantly in In Malaysia, ARA owns fi ve retail projects. for its property segment which stood Damansara, 47810 , , Malaysia the near future.” properties — Parade and Citta Responding to a question from at about RM400 million. The report by the American pub- Mall in Selangor, 1 Mont’ Kiara in the Chinese media on rumours of Its CEO Datuk Wira Boo EdgeProp.my lication stated that about 80% of , Ipoh Parade in Perak Malaysia quitting the initiative, he Loon said the company’s current the 18,000 units in Forest City were and AEON Mall Melaka. The five said: “As such, an important reason unbilled sales from its property de- Managing Director/Editor-in-chief Au Foong Yee bought by the Chinese. assets, boasting a total net lettable for my visit is to reassure China that velopment segment are currently at area of 2.56 million sq ft, are parked Malaysia welcomes its investments. about RM1 billion. EDITORIAL under ARA Harmony III, a private What I am emphasising is also that The remaining inventories re- Executive Editor Sharon Kam Editor Lam Jian Wyn Singapore’s ARA on real estate fund of ARA. the postponement of a number of quired to be cleared in FY19 include Deputy Chief Copy Editor lookout to acquire large scale projects is due to the Amber Cove (exclusive serviced James Chong need to safeguard Malaysia’s fi nan- apartments), The Dawn (a condo- Copy Editor Vanessa Gnanasurian assets in Malaysia Senior Writers Malaysia says no cial position and not because we minium), The Apple (luxury ser- Rachel Chew, Tan Ai Leng Singapore-listed ARA Asset Man- intention to abandon doubt investors from any country, viced apartments) and U-Thant (a Writers agement Ltd would consider acquir- China’s Belt and Road including China.” high-end condominium in Kuala Natalie Khoo, Shawn Ng ing retail, commercial and logistics Ong said the BRI will open up Lumpur). Art Director Sharon Khoh Initiative Design Team properties in Malaysia that would more opportunities for investors, He noted that new properties will Jun Kit, Rajita Sivan have the potential to generate at- Malaysia has no intention of aban- especially from Malaysia. not be launched amid weak senti-

For New Launches/Events/ tractive and stable returns within a doning China’s Belt and Road Initia- ments in the property market. Press Releases/News Tips three- to fi ve-year time frame. tive (BRI) and will continue to forge “The sentiment and the end-fi - email: [email protected] Its CEO for Malaysia Thomas Kong a close relationship with the world’s Yong Tai to focus on nancing conversion rate are low... Tel: (03) 7721 8211 Fax: (03) 7721 8280 said this is in line with the fund man- second largest economy. Encore Melaka and Quite frankly, I see the property seg- ADVERTISING & MARKETING ager’s plan to grow its global assets Deputy Minister of Internation- clearing inventories ment will be weak in the next two to Associate Account Director, under management to S$100 billion al Trade and Industry Ong Kian three years. Generally, the end-fi - Advertising & Marketing Heidee Ahmad (019) 388 1880 (RM301 billion) from S$77.2 billion as Ming said the new government’s Yong Tai Bhd’s focus for its fi nancial nancing is not opening up,” he told Senior Account Manager at June 1, 2018. Today, ARA manages approach had been misunderstood year ending June 30, 2019 (FY19) The Edge Financial Daily. Ian Leong (012) 359 1668 Account Managers Joane Tan (012) 377 2885 Evelyn Chan (012) 383 7484 trending How do I get past issues of this weekly pullout? 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.

PRODUCT DEVELOPMENT & CUSTOMER ADVISORY Senior Manager Elizabeth Lay Hari Malaysia Nilam 21C, Bandar Bukit Lot 59244, Jalan BP 7/15, Bandar Associate Omar Nawawi Makan & Win Tinggi 2, Klang, Selangor Bukit , Selangor For enquiries and listings Date: Sept 15 (Sat) Contact: (019) 657 3519 Contact: (03) 8068 3388 email: [email protected] Time: 11am to 4pm WCT Holdings Bhd invites the Contribute to a good cause by Tel: (03) 7721 8174 / 8173 Venue: Una Show Gallery, public to celebrate Malaysia donating blood at the AYER EdgeProp.my pullout is published Wisma Golden Eagle Realty Day by indulging in a variety of Blood Donation Drive organised by The Edge Property Sdn Bhd. It is (formerly known as Wisma fruits. The company will also by AYER Holdings Bhd. You available with The Edge Financial Selangor Dredging), 5th showcase its Impiria Residensi can also enjoy complimentary Daily every Friday. The pullout is also distributed at more than fl oor, North Block, 142, Jalan development and introduce a eye checks courtesy of Tun 200 ofˎ ces, shopping complexes, Ampang, 50450 Kuala Lumpur stress-free ownership package Hussein Onn National Eye Contact: (03) 2116 2525 condos, medical centres and F&B outlets in the . You can Contact: (03) 9212 8333 to interested buyers. Hospital at the event. EcoWorld International invites also download it for free at Selangor Dredging invites all interested investors of London www.EdgeProp.my Malaysians to celebrate Hari Invest Creatively With Dapat Rumah Senang Je property to a preview of its Malaysia at its Una sales gallery, Auction Properties property showcase latest London project Aberfeldy with delicious food and fun games Date: Sept 20 (Thurs) Date: Sept 23 (Next Sun) Village this weekend. The Th e Edge Malaysia with exciting prizes to be won. Time: 8pm to 10pm Time: 10am to 6pm project is located in the prime Venue: Propedia Consultancy Venue: Nada Alam Gallery, Jalan area of East India Docks. Publisher and Group CEO Ho Kay Tat USJ, 15-1, Jalan USJ Heights, Utama Nada Alam, Taman Nada , Selangor Alam Mantin, Negeri Sembilan Subang Hawker Fare 2.0 EDITORIAL Contact: (03) 5039 1870 Contact: (06) 799 7228 Date: Sept 22 & 23 Editor-in-chief Azam Aris CORPORATE In this two-hour workshop, Explore Seri Pajam (Next Sat & Sun) Chief Operating Ofˎ cer Propedia Consultancy founder Development’s “Senang Je” home Time: 11am to 4pm Lim Shiew Yuin Vicky How will provide interested ownership package and take a Venue: Tropicana Metropark ADVERTISING & MARKETING Chief Commercial Ofˎ cer investors with insights about look at its new double-storey Property Gallery, No 1, Sharon Teh (012) 313 9056 auction properties and some terraced house show unit. Jalan Delima 1/1, Subang General Manager tips on fi nding the right Hi-Tech Industrial Park, Kingston Low (012) 278 5540 auction property to invest in. Preview of Aberfeldy Subang Jaya, Selangor Senior Sales Managers Fong Lai Kuan (012) 386 2831 Celebrating Malaysia Day Village, London Contact: (1700) 81 8887 Gregory Thu (012) 376 0614 Fruit Fest Blood Donation and Date: Sept 15 and 16 (Sat & Sun) The Subang Hawker Fare is back Creative Marketing Date: Sept 16 (Sun) Free Eye Check Time: 10am to 6pm with popular delights at Tropicana Chris Wong (016) 687 6577 Head of Marketing Support Time: 10am to 6pm Date: Sept 22 (Next Sat) Venue: EcoWorld International, Metropark. Register online for a & Ad Trafˎ c Venue: Impiria Residensi Time: 9.30am to 3pm No 2, Jalan Hang Tuah, free voucher to enjoy delicious Lorraine Chan (03) 7721 8001 Sales Gallery, Lorong Batu Venue: Bukit Puchong Gallery, Kuala Lumpur rojak, chicken rice and ice kacang.

EP 4 FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY NEWS

Eco Horizon to launch Brydon semidees and bungalows by year-end

PICTURES BY ECOWORLD BY NATALIE KHOO

PENANG: Eco World Development Group Bhd (EcoWorld) will be launching the fi rst phase of its Brydon collection of semi-de- tached houses and bungalows in its Eco Horizon township development at Batu Kawan, Penang in the fourth quarter of the year (4Q18). Th e township’s second collection will comprise, 382 units of semidees with built- up areas of 2,777 sq ft to 3,553 sq ft and 13 units of bungalows (4,025 sq ft) priced from RM1.2 million and RM2.2 million respectively. Th e leasehold strata-titled Brydon will have a GDV of RM556 million. Eco North general manager Chan Soo How expects to see a good response to the launch, as the fi rst collection called Ashton — which was unveiled in September last Eco Horizon will be developed over 10 years and has an estimated GDV of RM7 billion. year— was well-received. To date, Ashton, which comprises 704 Chan: We are just those already residing in Penang but being planned by the Penang Development units of super-linked homes and garden also the ˎ rst also the hearts of aspiring homeowners Corp to ease traffi c fl ow in and out of Batu homes, is over 70% sold. landed homes and upgraders in the northern region of Kawan to the North-South Expressway. Th e two-storey terraces have a land size in the vicinity – Peninsular Malaysia. Meanwhile, Chan said the 74.5-acre of 22ft by 70ft, while the super-linked homes something most “Both our lands (Eco Horizon and the Eco Sun is still in the planning stage, as and garden homes have a land size of 25ft Penangites are adjacent Eco Sun) are very strategically lo- the developer is in the midst of fi nalising by 75ft and 30ft by 60ft respectively. Prices attracted to cated within Batu Kawan. Apart from the the product to ensure it encapsulates the start from RM868,000. as there aren’t attractive prices off ered, we are also the fi rst EcoWorld DNA. “We are happy with the sales achieved to many landed landed homes in the vicinity – something “We are very excited to launch Eco Sun as date and believe strongly that the right prod- homes in the most Penangites are attracted to as there well, so stay tuned for more updates in the uct and concept will attract buyers,” he said. vicinity. aren’t many landed homes in the vicinity. future. In addition, we foresee market sen- Overall, more than 2,000 landed homes Our new luxury concept portrays the lifestyle timents to improve with the abolishment of will be developed over 230 acres of the 300- be able to use the facilities for free in the which suits the new Batu Kawan corridor,” the Goods and Services Tax,” he said, adding acre Eco Horizon. fi rst year. Chan explained. that this will perhaps motivate more people Th e remaining 70 acres will be allocated Th e group will also be creating two fl a- Th e township is accessible via the Sultan to spend, including buying property. for its commercial component. Th e entire mingo-shaped lakes set within a 13.6-acre Abdul Halim Muadzam Shah Bridge (Sec- “We are confident that our signature township will be developed over 10 years landscaped park. ond Penang Bridge) and the North-South EcoWorld landed township developments and has an estimated GDV of RM7 billion. EcoWorld is confident that the Batu Expressway via the Batu Kawan toll plaza. will continue to do well, and look forward Th ere will be a 3.6-acre centralised club- Kawan growth corridor on mainland A proposed Bandar Cassia Trumpet In- to the launch in the coming months,” Chan house in the township and residents will Penang will “capture the hearts” of not terchange with a new toll plaza is currently added.

Education draws £2 billion into London’s housing sector

LONDON: It is estimated that a ents to send their children overseas Property investment, quality of whopping £2 billion (RM10.8 bil- to develop language skills and build life, as well as the higher cost of lion) is invested into London’s a global network. school fees in other countries were prime housing market annually, “Th e hope is that a high stand- other motivations. by parents securing accommoda- ard of academic teaching, the wide Meanwhile, the main reason tion for their children studying in array of extra-curricular oppor- for choosing a UK university was London. tunities, and the development of the prestige afforded by the uni- According to global real estate an international cross-cultural The London versity name, and quality of ed- consultancy Knight Frank LLP’s perspective, will lead to better ca- School of ucation offered (each 80%), fol- global head of research Liam Bailey, reer prospects,” he said in Knight Economics lowed by quality of culture and one of the biggest drivers for prime Frank’s Autumn Update of The has students lifestyle (44%). residential markets globally is the Wealth Report. from over 140 Other popular countries par- demand for international education. His observation was based on a countries. ents would send their children to, But what makes British schools and survey by the consultancy done in for school, were the US (68% of universities so appealing to families partnership with London-based ed- children represented among the greatest motivation for sending respondents), Canada (29%), and from all over the world? ucation specialists Keystone Tutors institutions taking part in the sur- their children to school in the UK EU countries (29%). For university “This is largely thanks to the in the summer of 2018 to fi nd out vey were Hong Kong, mainland were: quality of education (87% options, the US leads with 86% of strong pastoral care and wide ar- why so many international families China and Russia. of all respondents) followed by respondents confi rming it as an ray of extracurricular activities on decide to choose a UK school. Over Th e research also revealed that prestige of school name – includ- option, followed by the UK, with off er. Demand for an internation- 130 education consultants, head most parents send their children ing perceived future employment Canada next (35%), the rest of the al education is also driven by the teachers, heads of admissions, pri- to study in the UK at around age prospects (67%); and to improve EU (35%) and Australia (20%). perceived benefi t of being exposed vate client advisers and relocation 16, or sixth-form age, followed by their children’s chances of secur- Most respondents (66%) also to another country’s language and agents participated. 13, the age at which many enter ing a place at Oxbridge (Oxford believed that the Brexit vote has people. Th is broadened global per- Th e survey found that the coun- secondary school. and Cambridge) or other top UK not had an impact on the attrac- spective incentivises wealthy par- tries with the greatest numbers of According to the survey, the universities (62%). tiveness of UK education. FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY EP 5

THE MALAYSIAN VISION ‘To create a better society with our existence’

ountry Garden Holdings was is the key market,” says Country Garden with the locals. “We have awarded con- founded by a man who literally Malaysia Director of Strategy Ng Zhu Hann. tracts worth RM1.5 billion to 150 local ven- began building brick by brick “Country Garden has a strong affinity for dors and partners, which supply our steel, C(he was a bricklayer) in Guang- Malaysia. We believe Malaysia will become cement, tiles and various building compo- dong, China. Yeung Kwok Ke- the gateway to the South East Asia market nents. We even make sure they are locally ung almost had his schooling halted at 16 just as how London is the door to Europe produced, not imported by a local compa- because he couldn’t afford the school fees and Dubai is the key to Middle East,” he ny,” Hann stresses. of seven yuan (about RM4). He owed it to emphasises. “Our projects in the country have creat- his teacher who took the trouble to visit Its confidence in Malaysia has made ed vast employment opportunities, num- his father and persuade him to let Yeung Country Garden pour out billions from its bering 1,545 employees, out of which 1,200 continue his education. Subsequently, a own capital to help unleash the country’s are Malaysians. In three years, we have scholarship was worked out for him. potential. To date, it has remained the largest achieved more than 80% localisation rate Impacted by this benevolence, Yeung has overseas developer in Malaysia, investing and we will continue to work towards a made it a point to build his business ground- close to RM20 billion as at end July 2018, higher goal. Our projects have contribut- ed on altruistic values. Hence, Country fully-funded by its own resources. ed a total of 9,242 indirect employment Garden’s underlying principle is “to create opportunities upstream and downstream a better society with our existence”. WHAT ARE THE PROJECTS for the construction industry. COUNTRY GARDEN HAS “In line with the government’s regula- WHO IS COUNTRY GARDEN DEVELOPED IN MALAYSIA? Hann: Country Garden has a strong affi nity for tions, Country Garden has deposited close HOLDINGS? Since its inception in 2012, Country Garden Malaysia. We believe Malaysia will become the to RM2 billion into the Housing Develop- Through property development, Country Malaysia has five projects in the country. gateway to the South East Asia market. ment Act account of the Housing and Local Garden aims to help promote social pro- Aiming to build good and quality pro- Government Ministry. In addition, the Johor gress by establishing quality houses and jects, its scheme encompasses a three-tier many, Italy, Singapore and China. The IBS government has received RM630 million lifestyles through its advanced construc- segment: the premium, in Forest City, Johor; base has brought about technology trans- from dividend, land premium, assessment, tion technology and top-notch property the mid-market in Danga Bay, Johor Bahru fer to Malaysia’s IBS industry. The current levies and fees. The parent company has management services. and Diamond City in , Selangor; investment for the IBS base has reached contributed RM309 million in taxes to the Its reputation as an advocate for urbani- and the affordable segment in Central Park, RM730 million. Phase 1 which spans 18 Federal Government, inclusive of RM205 sation and sustainability has made Country Tampoi, Johor. acres has commenced production, with an million corporate tax,” Hann states. Garden a sought-after developer-investor “The Country Garden brand stands for annual capacity of 260,000 cubic meter of In terms of working with other indus- from the east to the west. To date, it has quality. We pay attention to details. Our con- building materials (equivalent to supply for try players, Hann says: “There are a lot of 1,400 township projects across cities such cept of ‘Five-star Living’ services translates 9,000 units of apartments). Additionally, things that Country Garden can mutual- as Beijing, Shanghai, Jakarta, Melbourne, to a resort home lifestyle and facilities. We the company is a leading advocate of SSGF ly learn from local developers such as in London and New York, serving about three even offer our own property management (Safe & Share, Sci-tech, Green, Fine & Fast), the areas of design, project management, million homeowners worldwide. team, if so desired by the owners,” Hann a prefabricated technology that utilises sci- execution and marketing.” He cites the Ranked 143 in Forbes Global 2000 List explains. entific and human-centric designs. joint-venture with Perdana ParkCity Sdn this year, Country Garden is the largest Meanwhile, its well-known future city “The technology will not only help lift Bhd to establish a large-scale mixed-use developer in the world. With a total sales project, Forest City in Iskandar Malaysia, is the property development industry in the urban development in Kuala Lumpur as revenue of RMB550 billion (RM350 billion) envisioned to be a model of sustainability. country, but position Malaysia as the cham- an example. as at end-2017, it is positioned at 353 in the “With Forest City’s development model as pion of green building technology. We Fortune Global 500 list. the standard, we want to demonstrate that have also discussed with the Government sustainable master town planning, which to assist the Federal and State affordable WHY MALAYSIA? includes landscaping, vertical greening, mo- housing projects with our IBS technolo- With such stalwart credentials, many bility network and multi-layer transporta- gy,” says Hann. countries, especially in Asia, want Country tion, is the way forward,” Hann elaborates. Garden to contribute its resources and ex- “We are not here to do a hit-and-run, WHAT ARE COUNTRY pertise into their communities, but Coun- but for the long haul, to be part of the na- GARDEN’S CONTRIBUTION TO try Garden has picked Malaysia as its main tion-building,” he emphasises. THE MALAYSIAN ECONOMY? base. Why? Country Garden invested heavily to build To benefit the local economy, Country Gar- “We have many overseas projects specif- Asia’s largest fully automated IBS industrial den practises the localisation strategy to ically around South East Asia, but Malaysia hub incorporating technology from Ger- ensure knowledge transfer of expertise EP 6 FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY FEATURE

BY NATALIE KHOO ucked away on the fourth Paramount introduces fl oor of Starling Mall, Da-

mansara Uptown, is a GROUP PICTURE BY PARAMOUNT huge sign that says Co- labs. On the escalator that CO-LABS Trises towards it, ride people who car- ry their laptop bags, and then tap for entry with access cards. Inside, a brainstorming session is be- ing carried out in a meeting room. Th e space is at once expansive, yet private. Co-labs Th e Starling is the latest and to date, the biggest co-working offi ce by Paramount Coworking, a subsidiary of Paramount Group. What has prompted a property de- veloper to venture into co-working spaces? “[As you know], Co-labs is under our parent company, Paramount Group. Our main business activity as a group is property development and education. In my previous role, I was leading the innovation team and my mandate was to look at businesses and technology Co-labs The Starling is located on the fourth ː oor of Starling Mall, Damansara Uptown. that run parallel to our two core busi- nesses – property development and The first Co-labs by Paramount of location when it comes to selecting education. So that was kind of how the Coworking was opened last year at a co-working space. As such, Starling idea got generated. Utropolis Marketplace in Glenmarie, Mall has been chosen to house Co-labs

“We were looking at how the trends in EdgeProp.my . Spanning 4,000 sq ft, it is because Damansara Uptown is a ma- property are aff ecting us and how we can currently 90% occupied with a seating tured business address, surrounded address them earlier. We were looking at capacity of 80 pax. by abundant amenities and facilities. the changing nature of work and what “One thing is that we are located in a that meant,” Paramount Coworking di- A sustainable workspace very nice mall. Other co-working spac- rector Benjamin Teo tells EdgeProp.my. YEN YEING LOW | Supported by a property development es are located in very corporate towers. As the head of this latest project, it parent company, Paramount Cowork- As you know, Damansara Uptown is is no surprise that Teo is so passion- ing has all the know-hows in creating a food haven. Surrounding this area ate about Co-labs. A lot of hands-on functional, beautiful and conducive are supporting business entities such research and hard work were put into workspaces. Th e design ideas and con- as banks, supermarkets, eateries, dry its formation, including study trips to cept were conceived in-house. It also cleaners and plenty of parking spaces co-working spaces in Australia and Lon- emphasises on creating a sustainable in the mall. We are currently working don, before they decided to sally forth. workspace, in line with its company’s on partnering with all these service Currently, Teo also wears anoth- core values. providers to add value to our member er hat in the company, as the CEO at “Th e wood for our tables here in Co- packages,” explains Teo. Paramount Property Development Sdn labs is actually 200-year old Chengal Bhd. His role includes overseeing the hardwood that has been recycled and More and bigger to come development of Atwater, Paramount’s repurposed to create a meaningful en- Teo is not slowing down. There are latest fl agship project in Section 13, vironment. Th e wood was sourced from already plans to open four more loca- Petaling Jaya. an old shoe factory in Klang. tions by next year. Another co-working Teo: We were “It would be a shame to dispose the space at a Kuala Lumpur address is set Connectivity, collaboration looking at the wood wastefully. We even use the wood to open by end of the year while its and community changing nature on our wall features, interior, as well as fourth location, set to open next year According to Teo, Co-labs stemmed of work and workstations. We really put a lot of time in Shah Alam, will be its biggest one – a from the idea of collaboration, where what that meant. and eff ort into developing this product 40,000 sq ft co-working space. the company wanted to create a labo- and I am very happy to say that this is “Th is offi ce [in Shah Alam] will be an- ratory work space to encourage inno- the best product we have in the market. chored by a big corporate anchor tenant vative ideas and cross-collaborations, to six-desk private offi ce suites, 60 fi xed “Our common facilities are provided of about 200 men. Beyond that perhaps, to facilitate an impactful and mean- desks and 30 fl exi desks with a maxi- The space, in other spaces but we just do it in an we are looking at areas like Cheras, Da- ingful experience of working together. mum capacity of 400 pax. Th ey off er conceptualised elevated fashion. We have things that mansara Heights, and Penang. “It is about connectivity, collabo- daily passes, weekly passes and even in-house, features no other spaces have like having an “I think for sure, what we want to do ration and the community we want to event hall rentals. Th ere are also mod- tables made out entertainment lounge with an arcade is to help our members grow by provid- form. We want to build a community ular rooms where partitions can open of repurposed machine and a photography studio for ing them with conducive work spaces of like-minded people and bring them up to fi t more people in a single room. 200-year old our guests to utilise,” Teo elaborates. so that they can work, learn, play and all together under one roof so that they Among the facilities off ered are nap Chengal. Teo also emphasises the importance upscale themselves,” Teo concludes. can achieve their goals and much more. pods, nursing rooms, hot showers, hot Th is ethos is the central theme of our beverages, printing facilities, prod- tagline – Where Amazing Happens,” uct photography studio, recreational Teo enthuses. games and arcade room, and private Opened on July 16, it is currently meeting rooms. 20% occupied with startups, compa- “We also have a cafe operator here, nies, and freelancers, from sectors like Khatulistiwah, for those who need to e-commerce, fi ntech, proptech, and grab a quick snack or hand-brewed small medium enterprises. coffee,” says Teo, adding that some “We have seen a big change in the RM3.5 million has been spent to re- acceptance level for bigger companies furbish the space. [that are beginning to view co-working In terms of accessibility, the location spaces] as a possible offi ce solution, is directly connected to the Lebuhraya hence the wide-ranging types of ten- Damansara Puchong, SPRINT Highway ants that we have. We have got a lot of and the New Klang Valley Express- corporate entities looking for space as way. Alternatively, one can hop onto well, which is quite reassuring because the Light Railway Transit ( even the bigger companies see this as station) or Mass Rapid Transit (Taman a viable option,” Teo adds. Tun Dr Ismail) as there is a free shuttle Co-labs The Starling comprises bus service which rotates frequently rooms with confi gurations of 56 two- from Starling’s South entrance. FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY EP 7 NEWS

L&G plans to launch projects with a total GDV of RM4.2b next year

LOW YEN YEING | EdgeProp.my BY TAN AI LENG Low (left) and of its Foresta serviced apartment develop- Chief ą nancial ment and features 452 units housed in two PETALING JAYA: Land & General Bhd ofą cer Tan Boon 47-storey towers with built-ups between (L&G) aims to roll out three projects with Siong at the 1,300 sq ft and 1,800 sq ft. Low said the av- an estimated gross development value media brieą ng erage selling price for Seresta is RM650 psf (GDV) of RM4.2 billion next year in the after the AGM. and it will be offi cially launched next month. Klang Valley. Meanwhile, on its Sena Parc township de- L&G managing director Low Gay Teck said velopment in Senawang, Negeri Sembilan, these projects include a township develop- Low noted that the launch of phase one in ment called Aria Rimba located at Section April was well-received with 110 out of 163 U10, Shah Alam. units of 2-storey terraced houses booked. Th e other two projects slated for launch Sena Parc is a 220-acre freehold develop- next year are high-rise residential projects ment located close to Seremban town centre. with one located at The Mines Resort in On recent news reports regarding foreign ; and the other in Bandar home ownership, Low said the comments Sri Damansara. made by Prime Minister Tun Dr Mahathir “We plan to launch these projects start- Mohamad were targeted at developments in ing mid-2019. Th e fi rst will be the 120-acre southern Johor, hence L&G’s joint venture Aria Rimba with residential and commercial development with Country Garden Hold- off erings,” he told reporters after the compa- ings in the Klang Valley will not be aff ected. ny’s annual general meeting on Wednesday. “Th e JV project — Diamond City in Se- Th e leasehold Aria Rimba carries a GDV menyih mainly comprises terraced hous- of RM1.1 billion and will comprise terraced 2,222 units of serviced apartments housed in the fi nal planning stage and being pre- es and landed homes catering to the local homes, semidees, Rumah Selangorku homes in six blocks. Th is project is now pending pared to be submitted to the authorities market. Th ere aren’t many foreign buyers,” and commercial developments that will be approval,” Low said. for approval. he added. developed in phases over fi ve to six years. Also in the pipeline is a high-rise residen- L&G is the master developer of Bandar L&G has a 45% stake in Diamond City Meanwhile, the high-rise project located tial development on Sri Damansara Club’s Sri Damansara township and has recent- while the remaining 55% is held by Hong close to the South Lake of Th e Mines Resort land in which carries ly soft-launched its Seresta @ Bandar Sri Kong-listed Country Garden. Th is 167-acre will have an estimated GDV of RM1.6 billion. an estimated GDV of RM1.5 billion. Damansara project which has an estimated township development began construction “Th is leasehold development will have Low noted that this development is now GDV of RM480 million. Seresta is phase two in 2014. EP 8 FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY COVER STORY

BY RACHEL CHEW

he name Batu Caves is syn- onymous with its magnif- icent ancient limestone hills and caves featuring — potential for a more-than-a-century- old Hindu temple which Thas drawn devotees from around the world. The Batu Malai Sri Murugan Temple in Batu Caves, Gombak in the redevelopment? state of Selangor, is also one of Malay- sia’s top tourist spots. It may be popular among tourists but how attractive is the area to property investors and homebuyers? “Housing developments in that area only began around 1970 with Taman Batu Caves, Taman , Taman Amaniah, Taman Sri Selayang, Taman Medan Batu Caves and Taman Gombak Permai. More housing schemes have been completed since then,” Landserve Sdn Bhd managing director Chen King Hoaw tells EdgeProp.my. Some of the major developers that have projects here are Hua Yang Bhd, Ara Asa Development Sdn Bhd, Impia- na Land & Development Sdn Bhd, Jaya Megah Development Sdn Bhd, Dolo- mite Properties Sdn Bhd, SunwayMas Sdn Bhd and Lebar Mewah Develop- ment Sdn Bhd, off ers Chen. He adds that over the last two dec- ades, several industrial estates have also been developed in Batu Caves including Batu Caves North Industrial Park, Spring Crest Industrial Park and Taman Industrial Dolomite. Today, properties in Batu Caves com- prise single to 4½-storey shophouses and shopoffi ces, single to double-storey terraced houses and 4-storey and 5-sto- rey low- and medium-cost apartments, 1½- to 3-storey terraced factories, dou- ble-storey semi-detached factories and detached factories.

Near to KL city centre Although Batu Caves offers scenic SUHAIMI YUSUF | THE EDGE views of limestone hills and lies just ley would opt for choices elsewhere. Th e selling at a higher price point, which about 13km to the north of the Kuala somewhat limited demand for houses in will house residents of higher-income Lumpur city centre, housing property this area compared with other suburbs levels refl ective of the price points of prices in Batu Caves are lower com- explains the slower growth in property the new developments,” Wong shares. pared with other areas within a simi- prices,” he comments. Some of the latest residential de- lar distance to the city centre, such as Nawawi Tie Leung Real Estate Con- velopments in Batu Caves are Urban and Selayang. According to sultants managing director Eddy Wong 360 by F3 Capital (completed in 2014), Google Maps, the distance between believes that the presence of the indus- & Penaga Condominium by Batu Caves and KL city centre is 13km, trial properties located in Batu Caves Impiana Land & Development (com- while Kepong and Selayang are 16km could be one of the factors that has pleted in 2012) and Amara Boulevard and 17km away, respectively. impacted its residential property de- & Serviced Apartment by Jaya Megah EdgeProp.my data shows that in Chen: The property prices here are mand and prices. Development (completed in 2014). 2017, the average transacted price lower compared to similar properties “Traditionally, industrial estates are EdgeProp.my’s transaction data for residential property in Batu Caves in other suburbs located at more or sited adjacent to residential properties shows that the highest number of res- was RM273 psf, while in Selayang it less the same distance away from the of the lower market segments with the idential transactions in Batu Caves last was RM304 psf and in Kepong it was city centre intention of providing for the labour year were from serviced apartment pro- RM310 psf. pool at the industrial estates. ject Symphony Heights, landed housing “Th e main reason for the lower prices HARIS HASSAN | THE EDGE “Th is has of course changed over project Taman Samudra and Laksama- in Batu Caves would be that properties the years as the workers in the indus- na Puri Condominium. in this suburb are predominantly old trial or manufacturing activities now Symphony Heights is a leasehold and cater mainly to the low to low-me- come from everywhere else and not just serviced apartment developed by Hua dium income segment,” Chen explains. from the immediate vicinity. But the Yang Bhd. Th e 3-block residential devel- Besides, Batu Caves is a less “pres- association between industrial prop- opment was completed in 2011. Accord- tigious” residential address compared erties with lower-end homes lingers ing to EdgeProp.my data, there were 22 with the others. on,” Wong off ers. transactions with an average transacted “Even with the development of the He adds that other possible factors price of RM355 psf recorded in 2017. It rest of the Klang Valley over the last two could be the profi le of the existing pop- was also the most transacted residential to three decades, Batu Caves was never ulation in Batu Caves, which is from the project of the year in Batu Caves. a popular residential address. Demand Wong: If the industrial activities were to middle-to low-income category, most Housing estate Taman Samudra con- for residential properties here have move out to facilitate re-development possibly from the legacy of being lo- sists of mostly double-storey terraced been mainly to cater to people who of the area, the entire character and cated close to the industrial activities. houses. There were 19 transactions are working in and around Batu Caves. ambience of the location will be However, “this will change with the recorded at an average price of RM267 “Most homebuyers in the Klang Val- transformed development of new projects which are psf in 2017. FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY EP 9 COVER STORY

Residential property Average transacted prices of homes transactions in Batu Caves in Batu Caves, Selayang and Kepong 2017 — Most transacted PROJECT NAME AVERAGE AVERAGE AVERAGE NUMBER 320 BUILT-UP TRANSACTED TRANSACTED OF TRAN- (RM psf) 303 310 (SQ FT) PRICE (RM) PRICE PSF SACTIONS (RM) 300 287 298 304 Symphony 1,061 375,864 355 22 280 267 286 Heights 280 Taman Samudra 803 220,000 267 19 260 273 240 259 267 Laksamana Puri 915 283,000 309 17

240 Taman 647 105,000 164 13 | PICTURES BY LOW YEN YEING Batu Caves Pinggiran Batu 241 Selayang 220 222 Caves Flat Kepong 214 Taman Sri 659 129,600 197 10 200 Batu Caves 2013 2014 2015 2016 2017

ALL DATA FROM EdgeProp.my EdgeProp.my

Astana Gemilang is the most expensive landed Most of the residential development in Batu Caves. properties in Batu Caves are single and double- Do you storey landed homes. 2017 — Most expensive Non-landed PROJECT NAME AVERAGE AVERAGE AVERAGE know? BUILT-UP TRANSACTED TRANSACTED • The limestone hills forming (SQ FT) PRICE (RM) PRICE PSF (RM) Batu Caves are around Banjaria Court 921 383,286 416 400 million years old. Symphony Heights 1,061 375,864 355 • Batu Caves takes its name Pangsapuri Saujana 915 308,000 337 from Sungai Batu which fl ows past the limestone hills. Laksamana Puri 915 283,000 309 Sri Gotong Apartment 883 244,667 281 • The Batu Malai Sri Murugan Temple at Batu Caves is one Landed of the most popular Hindu shrines outside India. PROJECT NAME AVERAGE AVERAGE AVERAGE BUILT-UP TRANSACTED TRANSACTED • The original 272 wooden (SQ FT) PRICE (RM) PRICE PSF (RM) steps to the temple were Astana Gemilang 2,336 1,500,000 524 replaced by concrete in 1920. Indah Gemilang 2,325 1,485,000 370 • In August 2018, the steps Sunway Batu Caves 1,539 690,000 493 were repainted in various hues with some now calling Taman Jasa, Batu Caves 1,033 670,000 149 it the rainbow steps. Taman Gombak Permai 1,195 650,000 466

Meanwhile, mid-cost Laksama- north of the KL city centre. Th e property ble houses and apartments available Middle Ring Road 2 is one of the main na Puri Condominium is a freehold prices here are lower compared to sim- are old while land available for new access roads in the Batu Caves area. low-density project located in the heart ilar properties in other suburbs located development is very limited, Chen adds. of Batu Caves. There were 17 units at more or less the same distance away Meanwhile, Nawawi Tie Leung’s sold for an average transacted price from the city centre,” he says. Batu Caves Wong believes the challenge Batu of RM309 psf in 2017. is accessible via Jalan Kuching, the Du- Caves’ housing market faces is its According to data from EdgeProp. ta-Ulu Kelang Expressway (DUKE) and ties to the presence of the industrial my, Batu Caves’ average transacted the Middle Ring Road 2. activities which are generally incom- price of residential property has only Th ere is also a KTM Komuter station patible with higher-end residential grown 13.75% over the past fi ve years in Batu Caves. Th e train goes all the developments. till 2017, while Selayang and Kepong way down to Tampin, Negeri Sembilan. He also believes it would help if recorded a growth of 42% and 39%, Th ere are many stations in between, there is a government-led initiative, respectively. including KL Sentral which connects not unlike Section 13 of Petaling Jaya, Nevertheless, the slower price to other rail lines such as the Light where the area was designated a Special growth makes Batu Caves attractive Rail Transit and the Mass Rapid Tran- Planning Area with the shifting out of to homebuyers who are looking for af- sit lines. industrial activities over time, freeing fordable homes within a 15km radius up land for re-development into inte- from the city centre. Time for gentrification? grated mixed developments. “Th e proximity to KL city centre and Despite its accessibility and location, “If the industrial activities were to accessibility are positive draws for the traffi c congestion is a problem in Batu move out to facilitate re-development Batu Caves property market. In addi- Caves. of the area, the entire character and tion, the rapid development of and es- “Congestion is worse during days ambience of the location will be trans- calating housing prices in neighbour- when Hindu devotees are celebrating formed,” Wong stresses. ing suburbs such as Taman Wahyu, Th aipusam and other religious occa- He points out that Batu Caves’ lo- Selayang, Sentul, Gombak and Kepong sions,” says Chen. cation is ideal for the development of will raise awareness and the overall He elaborates that while the govern- aff ordable housing and this is probably appeal of Batu Caves,” Wong explains, ment had in the past acquired lands to the market sector that will see a lot of adding that there will also be spillover widen and other roads interest over the next few years. eff ects on Batu Caves. in the neighbourhood, traffi c conges- “As land prices in the surrounding Landserve’s Chen concurs with tion, upgrading of infrastructure and areas appreciate, developers will shift Wong that Batu Caves’ most appeal- fi nding land for new development in their focus to this location, which is just ing factor lies in its location. that area remain challenging. as close to the city centre and enjoys “It is just about 13km (by car) to the For homebuyers, most of the aff orda- the same connectivity,” he predicts. EP 10 FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY FEATURE

Hotel heiress Araminta Lee (portrayed by

Sonoya Mizuno) walks WARNER BROS PICTURES down the aisle of the lushly-decorated church in the wedding of the century Exclusive!

SCAN NOW for a A ː oral affair with video about Eunice Crazy Rich Asians In an exclusive interview with EdgeProp.my, Malaysia’s own Eunice Teo tells us about her starring role in the Hollywood box ofˎ ce.

BY ANITA KANDHAVEL

he motion picture industry is experienc- An exquisite ing something of a cultural renaissance with profusion of Hollywood’s latest blockbuster Crazy Rich blooms designed Asians following hot on the heels of Marvel by Eunice Studios’ groundbreaking movie Black Pan- ther which was released earlier this year. This Ttime around, we have the opportunity to celebrate a con- tender that truly warms the cockles of our Asian hearts – a story by an Asian-American, directed by an Asian film- maker with Asians gracing all the lead roles. Throw in a healthy dose of homegrown talent in other areas such as production support, fashion, food styling and floral design, and it is impossible for Malaysian viewers not to be left purring with pride from the first vernacular excla- mation on screen to the final roll of the credits! I mean, when was the last time one heard colloquial terms like ‘alamak’, ‘ABC’ and ‘walao!’ casually being tossed about

in a Hollywood movie? WARNER BROS PICTURES Much has been written about the cast, storyline, loca- tion and the “crazy big worldwide” box-offi ce success of Crazy Rich Asians but EdgeProp.my is proud to bring you an exclusive feature on one of the supporting cast whose stellar work on the fl oral designs for the movie has received universal acclaim. CONTINUES ON PAGE 12 FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY EP 11 FEATURE PHOTOS BY WARNER BROS PICTURES

Left: Real orchids mirror illustrated replicas imprinted on the wallpaper

Right: Astor Bar, St Regis KL

Below: To inject a pop of colour into this neutral setting at Be-Landa House, Eunice created a yellow calla lily bouquet

Spot the Malaysian locations in Crazy Rich Asians

Despite the fi lm being set largely in Singapore, almost all the scenes were shot in Malaysia. Some were pretty obvious — Seri Carcosa Negara stood out prominently — but others required some detective work. We list several of them here... Try exploring them on your next outing!

• Hotel in London – Eastern & Oriental Hotel, George Town, Penang • Cafe in New York – BLVD House, Platinum Park, Kuala Lumpur • Eleanor Young's house in Singapore – Be-Landa House, Damansara, Kuala Lumpur • Rachel Chu's class in New York – An auditorium in Putrajaya • Boutique in New York – Musse Boutique at Jalan Telawi 3, , Kuala Lumpur • John F. Kennedy International Airport, New York – Kuala Lumpur Crazy Rich Asians’ International Airport • First-class aeroplane cabin – Malaysia International Exhibition Production Designer & Convention Centre (MIECC) in Serdang, Selangor Nelson Coates on Eunice Teo • Jewellery boutique in Shanghai – Astor Bar, St Regis Kuala Lumpur “My plan was to enhance the visual narrative with multiple • Astrid Leong's apartment in Singapore – Ken Bangsar triplex pent- layers of regional and cultural cues, such as with the food house, Kuala Lumpur and fl owers. Copious amounts of research and reference images • The Goh family home – The Royal Museum (formerly Istana Negara), were collected for the fl oral direction I hoped to achieve. Kuala Lumpur Eunice was able to take my research and reference, and • Reception for Araminta Lee's bachelorette party build upon that to make fantastic creations that were not – Sultan Abdul Aziz Shah Airport, Subang Jaya only beautiful, but appropriate for the events and stylings portrayed in each scene. • Araminta Lee's bachelorette party – Four Seasons Langkawi, Kedah Her work ethic and that of her team was impeccable. In • Colin Khoo's bachelor party – Parking lot, Malaysia addition to delivering some of the best fl oral designs of any movie I have production designed, Eunice was a pleasure • Colin Khoo's escape from his bachelor party – Langkawi, Kedah on set, always had a smile no matter the challenge and was • Eddie Cheng's penthouse – Ken Bangsar lobby, Kuala Lumpur ready with quick, eff ective and beautiful solutions. The director and entire cast exclaimed about the fl owers • – Carcosa Seri Negara, Kuala Lumpur so many times that I lost count! Not until the end of fi lming PHOTO BY EUNICE TEO • Mahjong battle between Eleanor Young and Rachel Chu did I discover that it was the fi rst feature fi lm for which – Cheong Fatt Tze mansion, George Town, Penang Eunice had designed the fl owers. I found that quite ironic as I thought her to be one of the fi nest fi lm fl oral designers with whom I have ever worked with. I’m hoping that she is available for sequels!!” A modern ː oral arrangement in keeping with the contemporary character of this set at Be-Landa House

Red and pink hued ː oral concoctions take centre stage at the wedding reception at Gardens by The Bay in Singapore EP 12 FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY FEATURE

Conjuring magic out of thin air!

The conservatory which hosted the ‘Tan Hua’ blooming party was almost completely fabricated from scratch. Fittingly, the ethereal blooms were also created by Eunice petal by painstaking petal. Also known as the ‘Queen of the Night’, the ‘Tan Hua’ plant is a cacti that blooms at night only once in a year in an appearance made even more eventful for the fact that the momentarily outgoing but ultimately retiring fl ower

LOW YEN YEING / EDGEPROP.MY wilts at the onset of dawn. With more “Clearly we couldn’t rely on the real thing. The than two original plan was to purchase ready-made artifi cial decades of versions of the fl ower but they looked fake and plastic. experience So I off ered to make a sample and after fi ne-tuning the under her process, I was commissioned to create 26 fl owers in FROM PAGE 10 belt, Eunice varying stages of bloom. “Truthfully, it was like a dream. I had is up for any It required a great deal of concentration to compose not heard of Kevin Kwan or his book,” challenge! each fl ower so I worked on them in the late of the night confesses Eunice Teo, the genial prin- to avoid distractions. While the process was tedious and cipal of Amtrol Flower Designing, with time-consuming, as each fl ower took about four hours an infectious chortle. “A long-standing to make, I was thrilled at how delicate and lifelike the customer requested that I come in for fl owers turned out,” says Eunice. an interview and as I had previously worked with him on advertising shoots, I naturally thought that I was being called in for something similar,” the American Institute of Floral Designers

(AIFD)-certifi ed fl orist adds. LOW YEN YEING / EDGEPROP.MY “It was at my third and fi nal inter- view that everything crystallised. A man walked in, introduced himself to me and then asked his people out loud, ‘can this lady handle the job?’ Th ank- fully, a few voices piped up to say ‘that there was no better choice in this part of the world’ and the rest, as they say, is history!” Incidentally, the man was none other than award-winning Pro- duction Designer, Nelson Coates and following her interview, the wheels of Eunice’s debut adventure with a Holly- wood movie studio were well and truly set in motion. It fi nally dawned on Eunice that this was not some big advertising gig when she was asked to sign a non-disclosure agreement in order for the script to be made available to her. Instead, the con- founded fl orist off ered to waive reading rights to the script if it meant not hav- ing to sign the agreement. Needless to WARNER BROS PICTURES WARNER BROS PICTURES say, her off er was summarily rejected! “It took me ages to read the short agreement because my eyes kept travel- The opulent yet ling back to the surreal heading which elegant foyer read ‘Warner Bros. Pictures’,” Eunice that whispers reminisces with a big grin. However, ‘old money’ she admits that the reality of her in- troduction to Tinseltown truly hit her for the fi rst time when she received a copy of the script with her name wa- to source a specifi c coloured fl ower – a termarked on each page. last minute request – and I was literally Th e spectacle of extreme wealth, inserting the stalks seconds before the one of the underlying tenets of the start of the shoot.” movie, meant that styling of the sets Despite the challenges she faced, needed to be lavish and visually ar- however, including her mother falling Are you the one resting. As such, Eunice was com- critically ill during a signifi cant scene, missioned to create a smorgasbord of Eunice delivered a flawless array of responsible for all opulent arrangements in a kaleidoscope powerful fl oral masterpieces for the of riotous colours. movie, living up to and beyond the “I worked closely with Nelson and expectations of those who had placed these wonderful Set Decorator, Andrew Baseman, both their faith in her. Her stunning crea- of whom had very specifi c ideas on how tions, a partnership of nature, fabrica- arrangements? they wanted things to look, especially tion, experience and an undeniable tal- Nelson, who is the most creative person ent for fl oral design, perfectly captured that I have ever met. Th e shooting took the desired mood of each set. Everybody on set just under three months and I quick- Unsurprisingly, Eunice has bagged a ly learnt that in a movie set, one had few more projects after her sensation- has been talking to work under very tight time sched- al showing in Crazy Rich Asians. With ules and in a fl uid environment where her fl air for fl oral design in full bloom, EUNICE TEO about them!” changes can and often do sneak up on there is no doubt that the demand for you at the eleventh hour. In fact, there her exquisite work will follow. As the — Tan Sri Michelle Yeoh, one of was one occasion where I was running adage goes, “When the fl ower blossoms, the leading stars of the movie up and down streets in Singapore trying the bee will come”. FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY EP 13

AN INCEPTION OF ORIENTINSPIRED GRACE

olling clouds, swaying trees, cascad- and bamboos prevent soil erosion and double Lam reveals that a far-sighted approach has Favouring the Central Park, he highlights, “Th e ing waters and imposing mountains up as a serene screen. A verdant variety line the been established from the onset. Employing a central location of the park makes it a good are characteristic icons of Chinese inclines towards the lakes to enhance the visual cost-eff ective hydrology innovation, he explains place to take a breather and enjoy the scenery Rtraditional paintings. for joggers, while groves trace the walkways for how the eye-pleasing lakes in also when out for walks.” Inspired, has em- slope treatment. serve as irrigation and stormwater manage- Christina Chin agrees, saying: “Th ere’s a bodied the oriental art in its 338-acre town- Leafy trees mingle among the houses as ment solutions through a self-cleansing system. nice lake, walking pavement, nice view, and ship called Jade Hills in , Selangor. Th e cooling agents, and line the driving boulevards To maintain a healthy ecosystem, aquatic more importantly, the public places are clean.” low-density neighbourhood balances premium like an overarching shade. At the back of the plant beds absorb nutrient overload to moderate Another resident, Beatrice Kubang also points residences with a lush greenscape complement- abodes, gardens are weaved as natural buff ers. algae growth. Strategically planted stalks fi lter out that the community in Jade Hills is good, ed by tranquil lakes and gentle hills. Art comes to life around all the three lakes in sediment at the inlets and outlets of the water residents know each other, and this contributes Th e artistry has earned Jade Hills the Joint a display of soothing cascading waters fl owing holes while a grand fountain at the central lake to a positive milieu in Jade Hills. Gold award in the recently concluded Edge- between trains of thriving shrubs and pastures. promotes air circulation. Th ese lead to a rich Prop-ILAM Malaysia’s Sustainable Landscape In the offi ng, a community farm will further aqua-life of fi sh and dragonfl y which reduces A SAFE AND SECURE TOWN Award 2018. augment the green lifestyle in Jade Hills. mosquito breeding. To protect this haven, Jade Hills employs a mul- Th e resort-like freehold enclave has elevated ti-level security system and the Crime Preven- the once backwater Kajang town to a sought-af- tion Th rough Environmental Design (CPTED). ter address for green lifestyle. Besides a guarded entrance, round-the-clock Linked to Kuala Lumpur by six highways, the “I’m proud to patrolling and CCTV monitoring, there is an sustainable town consists of an extensive resort anti-climb perimeter fencing mounted with club, Th e Commerce Village and an upcoming live in Jade Hills. cameras, as well as night guard dogs and armed Jade Square for more retail conveniences. Th e central guards. Th e Gamuda Land Residence Manage- “As a result of Gamuda Land’s holistic ap- ment App allows pre-registration of visitors. proach, Jade Hills has seen good capital appre- location of the Under the CPTED system, wider footpaths ciation of between 15% and 35%. Th e homes to benefi t cyclists and pedestrians are shield- command a premium of up to 20% when bench- park makes it ed from the roads by trees. Th e many commu- marked with similar products in the vicinity,” says a good place to nal spaces encourage constant activities while Lam Sew Chee, General Manager of Jade Hills. keeping intruders at bay. Open lawns ensure take a breather children are within sight. Cul-de-sac roads BUILT WITH RESPECT and enjoy the limit traffi c within residential areas, which have FOR NATURE been designed to facilitate gated-and-guarded One of Gamuda Land’s development princi- scenery when communities. Public areas are well-lit at night. ples is to “listen to what the land has to say”. In the community survey, most of the resi- Instead of stripping forests bare and levelling out for walks.” dents have rated the security in Jade Hills highly. hilly terrains to maximise profi t, the developer — SH Koe Among them, Dr Sudirman states he feels very meticulously blends the natural vegetation and The roads in Jade Hills are shaded by lush and matured trees. safe walking around the neighbourhood. contours within its town. Th is principle is demonstrated in Jade Hills Such ecological dedication was duly recog- “Th e cascading lakes use gravity to its advan- by homes nestled within eye-soothing vistas, nised when Jade Hills was bestowed the Honour tage, where the water fl ows naturally from the leafy shades, and soul-calming lakes. Th readed Award for Landscape Development category high ground to the valleys, which reduces the among its 50 acres of greenscape and waterscape under the Malaysia Landscape Architecture need for pumps. Water from the lakes is used to are 12 thematic parks, including a central park Award, by the Institute of Landscape Architect irrigate the turfs, in which we grow low-mainte- hosting myriad recreational facilities and com- Malaysia in 2010. nance but eye-pleasing plants. Th en, rainwater munity gathering places. collected from tube wells is used to replenish By “listening to what the land has to say”, Jade A TOWN THAT STANDS surface water,” Lam elaborates. Hills needs only simple strokes of softscape and THE TEST OF TIME hardscape to complement its natural beauty. Ten years on, time has not marred the splendour A TOWN IS COMMUNITY Every plant has been carefully selected to fi t of this craftmanship, proven by its garnering A recent survey conducted by Gamuda Land into the three-dimensional tapestry purposefully. the EdgeProp-ILAM Malaysia’s Sustainable shows that the majority of the residents at Jade Among them are tropical species intended to Landscape Award 2018. How has it fl ourished Hills are happy with the environment. lure various fauna. Lakeside plants like willows sustainably all these years? SH Koe says, “I’m proud to live in Jade Hills.” EP 14 FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY DONE DEALS

FindTo real your estate dream agents home — Have from you more just than concluded an interesting deal? 250,000We would listings love to at hear www.EdgeProp.my from you! Contact us at [email protected]

SOLD FOR SOLD FOR RM1.68 million RM525,000 (RM573 psf)

2.5-storey terraced house, Bandar Segar View Condominium, Utama, Petaling Jaya Cheras, Kuala Lumpur Concluded by: Susan Chan (REN 04051) Concluded by: Michael Wong (REN 09493) of Reapˎ eld Properties Taman SEA of Dynamic Realtors (012-519 8688) (012-345 0021) When: May 2018 When: March 2018

According to the negotiator who closed the deal, Susan Segar View Condominium is a 12-year-old low-rise, low-densi- Noteworthy Chan from Reapˎ eld Properties Taman SEA, the unit (pic- Noteworthy ty residential development located in Cheras, Kuala Lumpur. tured) was on the market for a year before it was transacted Comprising two 6-storey blocks, it has just 84 units in • Freehold this May. • Freehold total with two types of built-ups – 915 sq ft and 1,001 sq ft. • Land size 22ft x 75ft “Initially, the seller asked for RM1.85 million, but he slow- • Completed in 2006 It is accessible via the Kuala Lumpur Middle Ring Road 2 • Facing south ly accepted the fact that market is moving very slow and it • Built-up: 915 sq ft (MRR2), Jalan Cheras and Cheras-Kajang Expressway while • Comes with well-kept is not easy to get a buyer with high mortgage loan eligibili- • 3 bedrooms and 2 close to Cheras Leisure Mall, Giant Supermarket, Cheras garden at driveway ty, so he decided to lower the price,” Chan told EdgeProp.my. bathrooms Plaza and Taman Mutiara MRT station. • Partly furnished Meanwhile, the buyer bought the house to accommo- • Fully furnished with Due to its strategic location and proximity to the Cheras with built-in kitchen date his growing family. appliances, water Leisure Mall and Taman Mutiara MRT station, the condo is cabinets, wardrobes Commenting on the transacted price, Chan said it was a heaters, ceiling fans, air highly sought after by buyers, said Michael Wong of Dynam- and air-conditioning very good deal as it is a renovated and partly-furnished unit. conditioning units and ic Realtors who concluded the deal. unit “There is another basic unit nearby without any furnishing kitchen cabinet The average asking prices for the condos in Segar View • Air-well at the top ː oor and kitchen extension asking for RM1.68 million.” • Walking distance to Condominium have increased after the -Ka- is covered and walled- She said terraced houses in have always Cheras Leisure Mall, jang MRT line was completed, he noted. up for extra living area been popular with homebuyers who are looking for a Cheras Plaza and “This is a renovated, fully furnished and well-maintained • 4 bedrooms and 4 conveniently-located freehold landed home that is close to Taman Mutiara MRT unit that stands out from the other units in the develop- bathrooms schools. station ment. On top of that, the location is very strategic as a wide Bandar Utama is a stone’s throw away from shopping range of amenities is situated close to the condo,” he said. places such as 1Utama Shopping Mall and Centre Point. It is He added that the buyer, who immediately decided to also close to Puay Chai 2 primary school, British Internation- purchase the unit during the ˎ rst viewing, bought the unit al School and First City International College. for his son, who is studying at a nearby university. According to data from EdgeProp.my, as at Aug 29, the According to EdgeProp.my’s data, there were 20 transac- average transaction price for similar property types in Ban- tions in Segar View Condominium between 1Q12 and 4Q17. dar Utama 6 is RM1.75 million. The average transacted price was RM509 psf. Meanwhile, there are 90 listings of terraced houses on Based on the sales listings on EdgeProp.my, the average EdgeProp.my as at Aug 29, with asking prices ranging from asking price for condominiums in Segar View Condomini- RM1.65 million to RM2.4 million. um is RM542,571 per unit or RM573 psf.

SOLD FOR SOLD FOR RM3.2 million RM950,000 (RM811 psf)

3-storey bungalow, Sunway Rymba Twin Arkz Condominium, Hills, Sunway Damansara, Selangor , Kuala Lumpur Concluded by: Lai Yan Yin (REN 17086) Concluded by: Carmen Lee (REN 17144, of MIP Properties (012-881 8886) and Doris 019 374 1557) and Jess Kan (REN 23339, 016 Tung (REN 00786) of Full Homes Realty 520 7738) from PropNex Realty Sdn Bhd (012-314 7998) When: May 2018 When: March 2018

Sitting on 19.72 acres of leasehold land in Sunway Daman- Twin Arkz Condominium is one of the latest luxury low-den- Noteworthy sara, Sunway Rymba Hills is a low-density enclave compris- Noteworthy sity, high-rise homes in Bukit Jalil, Kuala Lumpur. According ing only 80 bungalow units. to one of the negotiators who closed the deal — PropNex • Leasehold Jointly developed by Sunway Damansara Sdn Bhd • 1,170 sq ft Realty’s Carmen Lee, the low density of the development • 5 + 1 bedrooms and 7 and Selangor State Development Corp (PKNS), the gat- • 3 bedrooms and 2 was the main attraction for the buyer. bathrooms ed-and-guarded development was completed in 2013 and bathrooms “The buyer was looking for somewhere not so crowded, • Built-up: 4,650 sq ft features a 6.5-acre private forest park and a private club- • High ː oor in Bukit Jalil. Prior to that, he rented a condo in Subang • Land area: 45ft by 95ft house which offers facilities such as inˎ nity pool, wading • Comes with built-in with his girlfriend,” said Lee. • Fully renovated and pool and gymnasium. wardrobe and kitchen Meanwhile, the seller decided to let go of the unit as he partially furnished According to Lai Yan Yin of MIP Properties who co-bro- cabinet wanted to move to Singapore with his family. The buyer with built-in wardrobe, kered the deal, the bungalow is an intermediate unit which bought the condo for his own occupation, as well as invest- kitchen cabinet and air- has been tastefully renovated. On top of that, the unit is ment purposes. conditioning units very well-maintained and thus managed to sell for RM3.2 “The unit was very well taken care of by the previous • Facilities include a million, higher than the current market price of RM2.8 mil- owner,” Lee noted. 6.5-acre private forest, lion to RM3 million, he told EdgeProp.my. She said RM950,000 is a fair price for both the buyer jogging track, inˎ nity The purchasers bought this place as their own residence. and seller. However, she believes the value of the property pool, gymnasium and “They are very attracted to the privacy and the quaint envi- will continue to appreciate. barbecue area. ronment that Sunway Rymba Hills provide and its vicinity to “Twin Arkz is a popular project to many upgraders be- the forests and greens,” Lai remarked. cause the asking price for a 1,100 sq ft-unit is still below RM1 “The purchasers were previously staying at a rental unit in million. If I remember correctly, the launch price for such a the same neighbourhood,” he added. unit was close to RM800,000,” said Lee. Based on data collated by EdgeProp.my, there were 20 According to EdgeProp.my, as at July 25, the average transactions of bungalows in Sunway Damansara between transacted price for Twin Arkz is RM785 psf or RM952,500, 2Q13 and 4Q16 with transacted prices ranging from RM1.92 while the asking price ranges from RM795.76 psf to million to RM4.19 million. There were no transactions in RM926.83 psf. 2017. As at Aug 14, there are 60 sales listings of Sunway Rym- ba Hills on EdgeProp.my with an average asking price of RM3.65 million. FRIDAY SEPTEMBER 14, 2018 • THEEDGE FINANCIAL DAILY EP 15

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LIDM01012084 LIDM01011896 LIDM01019820 LIDM01019837

RM2,400,000 RM11,000,000 RM1,380,000 RM480,000 The Northshore Gardens, (Bukit Zenith Corporate Park, Commerce One, Jalan Klang Desa Parkcity, Kuala Lumpur Damansara), Damansara, Kuala Lumpur Petaling Jaya, Selangor Lama (Old Klang Road), KL Type: Condominium Tenure: Freehold Type: Bungalow Tenure: Freehold Type: Ofˎ ce Tenure: Freehold Type: Ofˎ ce Tenure: Leasehold Built-up: 2,454 sq ft Built-up: 8,800 sq ft Land size:ԝ9,127 sq ft Built-up: 3,341 sq ft Built-up: 778 sq ft Bedrooms: 5 Bathrooms: 5 Bedrooms: 6 Bathrooms: 7

Eugene Yap (REN 12217) Eugene Yap (REN 12217) Ono Chong (REN 00841) Ono Chong (REN 00841) FOCUS ESTATE AGENCY SDN BHD FOCUS ESTATE AGENCY SDN BHD DREAMVEST REALTY SDN BHD DREAMVEST REALTY SDN BHD (E (1) 1751) (E (1) 1751) (E (1) 1634) (E (1) 1634) +6012 625 9888 +6012 625 9888 +6012 373 1456 +6012 373 1456

LIDM01016999 LIDM01021468 LIDM01019845 LIDM01019206

RM500,000 RM480,000 RM320,000 RM600,000 Ascenda Residence @ Platinum Lake PV12, OG Heights, Jalan Klang Lama Bandar Nusaputra, SkyArena, , Kuala Lumpur Setapak, Kuala Lumpur (Old Klang Road), Kuala Lumpur Puchong South, Selangor Type: Condominium Tenure: Leasehold Type: Condominium Tenure: Leasehold Type: Condominium Tenure: Freehold Type: Terraced House Tenure: Leasehold Built-up: 908 sq ft Built-up: 1,303 sq ft Built-up: 752 sq ft Built-up: 2,200 sq ft Land size:ԝ2,250 sq ft Bedrooms: 3 Bathrooms: 2 Bedrooms: 4 Bathrooms: 2 Bedrooms: 2 Bathroom: 1 Bedrooms: 4 Bathrooms: 3

Leow Yit Keong (REN 20504) Henry Lim (REN 06092) Henry Lim (REN 06092) Halimatun (REN 16882) GS REALTY SDN BHD RINA PROPERTIES ASIA SDN BHD RINA PROPERTIES ASIA SDN BHD RESCOM REALTY (E (1) 1307) (E (1) 1607) (E (1) 1607) (VE (3) 0244) +6017 365 1686 +6017 698 8618 +6017 698 8618 +6019 286 0852

LIDM01021571 LIDM01021649 LIDM01021472 LIDM01019207

RM640,000 RM690,000 RM385,000 RM515,000 Bandar , Damansara Foresta, Villa Pavilion, Bangi Avenue, Bangi, Selangor Bandar Sri Damansara, Selangor Seri Kembangan, Selangor Bangi, Selangor Type: Semi-dee Tenure: Freehold Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Type: Terraced House Tenure: Freehold Built-up: 1,800 sq ft Land size:ԝ2,700 sq ft Built-up: 1,395 sq ft Built-up: 915 sq ft Built-up: 2,080 sq ft Land size:ԝ1,400 sq ft Bedrooms: 5 Bathrooms: 3 Bedrooms: 4 Bathrooms: 3 Bedrooms: 3 Bathrooms: 2 Bedrooms: 4 Bathrooms: 4

Halimatun (REN 16882) Raymond Siew (REN 22088) Anne Annuar (REN 21203) Mohd Faizal (REN 17767) RESCOM REALTY E TREND REALTY SDN BHD FIRDAUS & ASSOCIATES PROPERTY RESCOM REALTY PROFESSIONALS SDN BHD (VE (3) 0244) (E (1) 1752/1) (VE (3) 0244) (VE (1) 0091/3) +6019 286 0852 +6017 777 3375 +6013 298 8635 +6019 282 0852

LIDM01019937 LIDM01019941 LIDM01010745 LIDM01019743

RM2,500,000 RM530,000 RM290,000 RM1,500/mth Impiana, Axis Residences, Hijauan Valdor, Perdana Exclusive, Ampang Hilir, Kuala Lumpur Ampang, Selangor Simpang Ampat, Penang , Selangor Type: Condominium Tenure: Leasehold Type: Apartment Tenure: Leasehold Type: Terraced House Tenure: Freehold Type: Condominium Tenure: Leasehold Built-up: 3,735 sq ft Built-up: 739 sq ft Built-up: 740 sq ft Land size:ԝ1,217 sq ft Built-up: 860 sq ft Bedrooms: 4 Bathrooms: 4 Bedrooms: 2 Bathrooms: 2 Bedrooms: 3 Bathrooms: 2 Bedrooms: 3 Bathrooms: 2

Adrian Aw (REN 23537) Javen Low (REN 20679) Chris Huah (REN 09683) Wawa Leong (REN 20716) VESTCOM REALTY SPC PROPERTY SDN BHD ON REALTY ANZAL PROPERTY CONSULTANTS SDN BHD (E (3) 1484) (VE (1) 1568) (E (3) 1603) (VE (1) 0273) +6014 912 0576 +6017 311 2788 +6014 308 8578 +6016 302 0123