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Residential Property Transactions in Batu Caves

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Residential Property Transactions in Batu Caves 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, Singapore, 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-Malaysia 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 Petaling Jaya, Selangor, Malaysia the near future.” properties — Klang 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 Kuang EdgeProp.my lication stated that about 80% of Kuala Lumpur, 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 Puchong, 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 Klang Valley. 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 Subang Jaya, 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).
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