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Airmas Cover-Final Editor Chief Operating Officer’s Foreword Roshan Kaur Sandhu Writer Reena Kaur Bhatt Head of Creatives Angeline Lim Senior Graphic Designers Jason Kwong Wing Wong Junior Graphic Designer Rechean Soong Ad Operations Executive Nur Alia Ahamd Tamezi Intumathy Nadarajah Chief Operating Officer - International Arthur Charlaftis Group Finance Director Kenneth A Kent CEO iProperty.com Malaysia & Singapore Haresh Khoobchandani General Manager (Agent Sales) The Year Of The Rooster Has Arrived Leon Kong General Manager (Data Services) We hope you had an enjoyable celebration ushering in the year of the Premendran Pathmanathan Rooster! Chief Information Officer Harmit Singh The month of February is special to us as it marks the first anniversary of the iProperty Group becoming part of REA Group, a multinational digital Head of iProperty TV advertising company specialising in property. Jonathan Ong Head of Marketing & Content, iProperty.com Singapore Throughout the last year, we have made it our purpose to change the Leslie Lin way the world experiences property. We have done this by delivering amazing consumer experiences and providing agents and developers with products and services to support their businesses. We launched the global property network, which opened iProperty.com Malaysia Sdn Bhd (600850-K) Suite 11.01, Level 11 Menara IGB the doors to millions of properties from all around the world. Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia In addition to this, we are excited to announce that we have kick started Phone: (603) 2264 6888 the year by expanding our presence in Asia with an investment in Prop Fax: (603) 2264 6900 Tiger, India’s leading digital real estate platform. Sales enquiries: [email protected] Editorial matters: [email protected] Another piece of exciting news that we have to share with you is the General enquiries: [email protected] appointment of Haresh Khoobchandani, Chief Executive Officer of Subscription: [email protected] iProperty.com Malaysia & Singapore. We are delighted to have Haresh on International Property: [email protected] board. He holds outstanding expertise in leading digital businesses and iProperty.com Malaysia Sdn Bhd (Johor) has extensive experience within the Asian region. You will find out more A-2-7, Pusat Komercial Bayu Tasek about Haresh in next month’s issue. Persiaran Southkey 1, Kota Southkey 80150 Johor Bahru, Johor My sincere thanks and appreciation to all of you for your continued iProperty.com Malaysia Sdn Bhd (Penang) support. May the year of the rooster bring luck and prosperity to you and Bay Avenue D-25-3 your family! Lorong Bayan Indah 2 Bayan Lepas, 11900 Penang Wishing you all best and enjoy the read! iProperty.com Magazine is published monthly by iProperty.com Malaysia Sdn Bhd, Suite 11.01, Level 11 Menara IGB, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia. Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever. We shall not be responsible for any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto. The views by our contributors expressed here are their personal opinions and do not necessarily reflect iProperty.com’s views. Arthur Charlaftis Unless otherwise noted, all artwork and ad designs printed in iProperty. com Magazine are the sole property of iProperty.com Malaysia Sdn Bhd, Chief Operating Officer - International and may not be reproduced or transmitted in any form, in whole or in part, without the prior written consent of the publisher. REA Group CONTENTS February 2017 2 Events Industry Update COO’s foreword 10 32 8 iProperty.com People’s BLT trio returns with first property market outlook Choice Awards 2016 for 2017 Editor’s note/Happenings crowns Malaysia’s best developers 36 9 Beyond banks: Circumventing the credit squeeze Happenings 38 Out with the old, in with the new 41 14 Pick of the Month: Cover Story MRT line 1: The ‘rail’ effect 14 41 Airmas Group: Harnessing the potential of Penang island MRT to the rescue? – The ‘rail’ effect Featured Property Research Data Points of Interest 18 46 56 Denai Alam presents a grand statement of State of the housing Is ‘home sweet home’ distinction market: When to buy possible for Gen-Y? a house? (Part 1) 26 61 Broadleaf residences @ Hometree Kota Kemuning - 50 A bold statement of distinction How inflation affects Moving to a suburb: loan instalments A bigger house? 30 The Estate - A rising icon in south Bangsar CONTENTS February 2017 Industry Update Research Data Regulars 63 75 94 Companies Act 2016: Knight Frank Australian What does it mean for House Buyers’ Association residential review property Investors? Rent-to-own – HBA’s perspective (December 2016) Agent’s Views 86 Sky’s the limit for Propleague Mont Kiara 63 International Agent’s Advice Section 88 94 66 Selling off your property? - Tips on how International news to get the right agent Happenings 98 Dato’ Joey Yap Effects of highways and railways on your home 89 Agent spotlights of the month 66 100 Consumer Agency Directory 69 Awareness International features – 90 107 Briefs Classifieds Debunking the myths of 5 renovation tips to get home financing a style upgrade without breaking the bank 120 72 92 Subscription Singapore news Happenings Inspiring kitchen workspaces EDITOR’S NOTE As we welcome the year of the Rooster, the question Industry players Adrian Un, Daniele Gambero and on every investor’s mind is probably “how should KC Lau share their views on the tightening lending I invest in property in 2017’? It is predicted that policy and alternative financing options at the BLT there will be more investments from developers in property outlook 2017 forum. More on page 36. China to Malaysia due to the weakening Ringgit. I believe that this will be an interesting year too for On page 38, we feature some experts’ opinions the Trump administration and its stand on global on the relevance of location in identifying a economic issues especially with China. good property today—and why geography and infrastructural investment should be the new I asked a Feng Shui expert about his general mantra. In our regulars section, prediction for the Rooster year and he said that Dato’ Joey Yap explains innovation is the key. We need to constantly the effects of highways and innovate ourselves to move with the times. railways on one’s home. There has been some changes in the Companies Till next month! Act this year too. Andy Gan explains 5 key changes under the new Companies Act 2016 and how it will impact property investors in terms of investment attitude, financing decision and personal taxation. HAPPENINGS Bon Estates ushers in a new dawn this CNY by revitalizing the unity of home and heart an exclusive living environment has been crafted to nourish, nurture and strengthen the family bonds of those who live within. This Chinese New Year, Bon Estates embraces “unity”, which is both a central theme for the festive season as well as a guiding principle behind the creation of the company’s RM650 million project that is committed to putting people back at the heart of the home. To give luxury homeseekers a taste of what this means, Bon Estates held an exclusive event at its Sales Gallery along Jalan Penaga in Bangsar , Ancient Chinese tradition denotes that the rooster offering good food and cultural activities that not is a symbol of hard work, resourcefulness, courage only foster a festive spirit, but also tell a story about and talent. Universally, the rooster is also known for the underlying values and principles that make up heralding a new dawn, which is a fitting given we the DNA of The Estate. are now ushering in the new lunar year of rooster. A highlight of the event was a traditional drum In the same spirit, boutique luxury developer Bon performance, which not just a hallmark of Estates believes that it is ushering in a new dawn in prosperity and celebration in the festive season, lifestyle standards by rekindling the true meaning but also a symbol of collective unity with its ability of “home” at its upmarket high-rise residential to bring people together through collective rhythm development in Bangsar South, The Estate. Here, and tempo. 7 HAPPENINGS Fire in the Sky: The fitness party that torches calories and lights up the night in M City 14th January 2017 was a day to remember for the 800 participants who took part in Fire in the Sky, Mah Sing and Spotify’s fitness party which was held in M City, Jalan Ampang. The one day event saw participants take part in exhilarating fitness classes powered by Firestation.fit and end their workouts in the best way possible, a unique and sizzling pool party. Fire in the Sky also marked the unveiling of M City’s multi-level thematic hanging gardens. M City is the only development in Malaysia to have multi-level part in group workout sessions during the day thematic hanging gardens on Level 11 (Bamboo from 2.00pm to 10.00pm. Fire in the Sky is the first Groove), Level 17 (Spring Park), Level 23 (Altitude ever grand scale fitness event hosted within M City, Sky Club), Level 29 (Tropical Sanctuary) and Level Jalan Ampang’s luxurious residential facilities. 35 (Sky Garden). The event was open to participants aged 21 and They are stunning features of M City development. above. Fire in the Sky is Mah Sing’s first partnership Taking its inspiration from the Fire element, Fire with Spotify and Firestation.fit and Chief Executive in the Sky is a one day fitness event, almost like Officer of Mah Sing, Ho Hon Sang shared that it is a “fitness festival”, organised by Mah Sing and a great opportunity to engage millennials and let Spotify, where participants (or Fire-starters) take them experience what Mah Sing has to offer.
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