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FRIDAY, SEPTEMBER 25, 2020 . ISSUE 3136/2020 . PP19055/06/2016(034530) DIGITAL

INSIDE! EP INVESTING IN EP Woods PROPERTIES FEATURE12 SPECIAL10 Q & A Square OVERSEAS 2020 REPORT with Tan Sri Investment opportunity Lim Kang Hoo in north Singapore

After a false start in 2017, the defining moment for Bandar came on Sept 15, 2020. Can tycoon Tan Sri Lim Kang Hoo pull off the multi-billion ringgit development of national interest this time? See Pages 4 to 8. This time for real?

Stay updated on the latest news at www.EdgeProp.my EP 2 FRIDAY SEPTEMBER 25, 2020

NEWS HIGHLIGHTS from www.EdgeProp.my EdgeProp.my NAPIC: Property | market records sharp

fall in 1H2020 YEN YEING LOW

Property transaction volume for 1H2020 dropped by 27.9% y-o-y to 115,476, while transaction value declined 31.5% to RM46.94 billion, based on the latest data released by the National Property Information Centre (NAPIC) on Sept 22, 2020. The Edge Property Sdn Bhd (1091814-P) The residential sector recorded 75,318 transactions Level 3, Menara KLK, No. 1 Jalan PJU 7/6, Mutiara worth RM25.61 billion in 1H2020, declining 24.6% in Damansara, 47810 Petaling Jaya, volume and 26.1% in value compared to 1H2019. , Malaysia A total of 13,294 units were launched in 1H2020, falling by 43.6% against 23.591 units in 1H2019. EdgeProp.my Against 2H2019, new launches were 31.6% lower. Managing Director/Editor-in-chief Sales performance was poor at 3.3%, significantly (2H2019: 30,664 units) and 6.4% in value against Au Foong Yee lower as compared to 1H2019 (30.9%) and 2H 2019 the preceding half year (2H2019: RM18.82 billion). EDITORIAL (28.4%), owing to the Movement Control Order (MCO) Assistant Editor Tan Ai Leng As at 2Q2020, the Malaysian House Price Index Deputy Chief Copy Editor period, which was imposed on March 18, 2020. (MHPI) stood at 198.3 points, up by 0.4% on an James Chong Senior Writer Residential overhang continued to rise, no thanks annual basis, the lowest annual growth recorded Rachel Chew to a slow market. There were 31,661 overhang units Writers since 2010. However, on a quarterly basis, MHPI Natalie Khoo, Chin Wai Lun, worth RM20.03 billion, an increase of 3.3% in volume fell marginally by 0.7%. Chelsey Poh Senior Designer Jun Kit

For New Launches/Events/ Press Releases/News Tips erty in 1H2020 plunged by 24.1% is gearing for more new launches email: [email protected] 1H2020’s residential Tel: (03) 7721 8211 Fax: (03) 7721 8280 y-o-y to RM96.45 billion, while total HOTLINES namely Aetas in Damansara and Al- loan approval rate amount of approved loans decreased ira in Subang Jaya in 2020. The total ADVERTISING & MARKETING Associate Account Director, stood at 34.1%, by 39.1% to RM 32.84 billion, which is For COVID-19 screening GDV of these new launches amount Advertising & Marketing the lowest amount in a decade. to over RM1 billion. Heidee Ahmad (019) 388 1880 lowest in 10 years, or tests, contact the Health Senior Account Managers The steeper drop in total amount Ministry’s Crisis Preparedness 2020 will be a record year for the Ian Leong (012) 359 1668 says NAPIC of approved loans has caused the group in terms of handing over com- Cecilia Too (012) 319 7666 and Response Centre (CPRC) The loan approval rate for residential loan approval rate to decline from Tel: 03-8881 0200, pleted projects, with more than 3,000 Marketing Support & Ad Traffic properties 1H2020 stood at 34.1%, 42.4% in 1H2019 to 34.1% in 1H2020, 03-8881 0600 units to be delivered to homeown- Madeline Tan (03) 7721 8218 which is the lowest in 10 years, ac- the lowest level across 10 years. ers of Selangorku PR1MA Lakefront email: [email protected] and 03-8881 0700 cording to the 1H2020 Property Mar- from 8.30am to 5pm daily Homes and Lakefront Residence BUSINESS DEVELOPMENT ket Report released by the National Phase 2 at Lakefront @ Cyberjaya, Manager Or Email: [email protected] Nimalen Parimalam (014) 324 3193 Property Information Centre (NAPIC). and Casa Bluebell and Casa Wood To help stimulate the soft market at Cybersouth in 2020. AGENCY SALES For more information, go to Sales Manager battered by Covid-19 and the move- CPRC Telegram channel at Stannly Tan (012) 538 1687 ment control order (MCO), the gov- https://t.me/cprckkm PRODUCT DEVELOPMENT ernment has cut Overnight Policy & CUSTOMER ADVISORY Rate (OPR) by an accumulative 125 For queries on the Restricted Associates basis points since March 2019. Al- Omar Nawawi (012) 537 1687 Movement Control Order, Nazrin Hakimin (017) 368 6061 though this would lower borrowing call 03-8888 2010. cost, banks are becoming more cau- For enquiries and listings Govt announces email: [email protected] tious on lending. Tel: (03) 7733 9000 NAPIC’s report, citing data from RM10b Kita Prihatin Multi-generational EdgeProp.my e-Publication Bank Negara Malaysia, shows that package is published by The Edge Property the total loan application amount The government will implement living: Suntrack Sdn Bhd. Download it for free at for the purchase of residential prop- several initiatives and additional www.EdgeProp.my Development unveils assistance under the RM10 billion Tuai Residence More than 380,000 PRIHATIN Supplementary Initiative individuals need The Edge Malaysia Get BREAKING Package (KITA PRIHATIN) in line Property developer Suntrack De- with its efforts to boost economic velopment has unveiled its latest loan repayment Publisher and Group CEO PROPERTY recovery. project development called Tuai Ho Kay Tat moratorium NEWS delivered Prime Minister Tan Sri Muhyiddin Residence. Located on 6.6-acre of With the blanket automatic loan EDITORIAL Yassin said the additional package freehold land with a total of 330 moratorium coming to an end next Editor-in-chief Azam Aris to you daily via includes the RM7 billion Bantuan units, the project has unit built-up week, banks have contacted more CORPORATE Chief Operating Officer WhatsApp! Prihatin Nasional 2.0 (BPN 2.0), the sizes ranging from 1,109 sq ft to 1,927 than two million borrowers to offer Lim Shiew Yuin RM2.4 billion Wage Subsidy Pro- sq ft and starting price of RM450 psf. loan repayment assistance after Sept ADVERTISING & MARKETING gramme 2.0 and the RM600 million Tuai Residence is designed to be 30, according to CIMB Group Hold- Chief Commercial Officer PRIHATIN Special Grant (GKP) worth wheelchair-friendly from specific ings Bhd’s group chief executive officer Sharon Teh (012) 313 9056 General Manager RM600 million. toilets in apartment units all the (CEO) Datuk Abdul Rahman Ahmad. Fong Lai Kuan (012) 386 2831 He said the KITA PRIHATIN pack- way to common facilities. All ramps, Rahman said the banks have Senior Sales Manager age targets four main groups, name- lifts to units and communal facili- managed to speak to 1.4 million bor- Gregory Thu (012) 376 0614 Head of Marketing ly the B40 group who are married ties, and link bridge are accessible rowers of the over two million con- Support & Ad Traffic TO SUBSCRIBE and single; M40 group with family to wheelchairs, baby strollers, and tacted. Currently, more than 380,000 Lorraine Chan (03) 7721 8001 and single; local workers in various older pedestrians. contacted customers have confirmed 1. Add +6018 290 2116 fields and micro traders in various that they require loan repayment to your contact list fields. assistance. The KITA PRIHATIN package is MCT to launch Among the 380,000 seeking help, as EdgeProp News. projects worth over Or scan this QR code. the extension of the previous eco- 26,000 are small and medium en- nomic stimulus packages, namely RM1b GDV in 2020 terprises (SMEs) with the remaining 2. Send us a WhatsApp PRIHATIN, PRIHATIN SME PLUS and Following the recent launches of bulk being retail borrowers, showing with "NEWS" and PENJANA worth a total of RM295 Casa Bayu @ Cybersouth and PR1MA that the SMEs seem to have handled billion, or about 20% of the nation’s Shops in Lakefront @ Cyberjaya, MCT the situation better. your full name in gross domestic product, with an ad- the message. ditional fiscal injection by the gov- How do I get past issues of this weekly e-Publication? ernment totalling RM45 billion. Go to www.EdgeProp.my to download for free! EP 3 Friday september 25, 2020

Brought to you by An affordable modern contemporary living concept in Seberang Prai

n densely-populated cities such as Penang, surau and kindergarten. Without over-the-top budget-conscious homebuyers tend to shy renderings, maintenance fees can be kept to a Strategically located in away from strategic locations, not because minimal RM0.20 psf. At the same time, sustain- Permatang they don’t want to live within the ease of all able long-term maintenance is ensured. Pauh, the the infrastructure and amenities, but because The family-friendly units have spacious built- 300-unit the price tags are usually beyond their reach. ups of 1,100 sq ft housing three bedrooms condominium IEven if the instalment payments seemed man- each. Offering different choices for unit types is part of UDA’s efforts ageable, the hefty down payments would have and views, they are priced between RM494,648 in raising the made the dream harder to attain. and RM541,380. homeownership Taking cognisance of the general populace’s Buyers do not have to wait long for handover rate among concern and needs, UDA Holdings Bhd (UDA) is as the RM141.88 million GDV project is slated Penangites. offering a well-positioned condominium project for completion by the end of this year. in Penang under a special collaboration with Maybank Islamic to facilitate a less daunting fi- A financing scheme that nancial commitment towards homeownership. is easy on the pocket Under its subsidiary UDA Land (North) Sdn For those who are keen to purchase a unit here Bhd, the long-established Malaysian develop- but have yet to save enough for the 10% down er is building a block of condominium on four payment, there is good news. acres of land in Taman Pauh Jaya, Permatang In conjunction with UDA’s 50th anniversary, Pauh. Named Evoke Residence @ Gravitas, the the proactive developer has recently partnered 35-storey project offers 300 units. with Maybank Islamic to enable purchasers to Designed in a V-shape structure, residents get Evoke Residence units through the Houz- get a 180-degree dimensional vista which in- KEY programme. cludes the most photographed landmark of the The main benefits of this innovative financing state – the Penang Bridge and its accompanying method are no requirement of down payment seaview, as well as the eye-soothing foliage of and a mortgage loan of up to 100% of the prop- Bukit Mertajam. erty price. To gain a higher chance of approval, Yes, the linking bridge is not just within sight this special scheme also allows the buyer to get but also conveniently within a 5km reach, where three guarantors. its main highways and the PLUS Highway would “As property prices increase from time to ease travel between the mainland and the island. time, HouzKEY is the best option, especially for Being near to tertiary educational institu- young people who are still renting or for first- tions like Universiti Teknologi MARA (UiTM) time home buyers who find it difficult to provide Penang branch and Politeknik Seberang Perai, a 10% down payment,” said UDA president and the area has ready amenities like supermarkets CEO Sr Mohd Salem Kailany. and schools to meet daily necessities. Strategi- “With the low cost of moving in, this is a new cally sited among other developing cities such method to help people own a home without as Bandar Seberang Jaya, Bandar Baru Peda having to take a longer time to save money and Bukit Mertajam, Evoke Residence is also to pay for a high amount of down payment,” an attractive investment option with promising he adds. potential. Aiming to raise the homeownership rate in The freehold development comes with com- the country, the HouzKEY programme is one of plete condominium facilities including a swim- the conscientious developer’s efforts in resolving ming pool, playground, sky garden, gymnasium, the current hindrances towards that goal, espe- tandem with its emphasis on customer-oriented tennis court, barbecue pit, covered car park, hall, cially in highly urbanised locales like Penang. In business, UDA is constantly working on various HouzKEY is open to all initiatives to provide homes for Malaysians to eligible applicants who Spaciously call their own, and thus enrich their lifestyles. meet the requirements sized at 1,100 Through the alternative financial assistance, set by Maybank Islamic. sq ft, each UDA hopes interested buyers could obtain Evoke unit comes Interested buyers may Residence Condominium units sans the burden with three contact the Sales and bedrooms of heavy financing. Marketing Division of which caters On top of the HouzKEY scheme, buyers of UDA Land North Sdn Bhd comfortably for Evoke Residence also get to enjoy various oth- for more information. a family. er rebates such as free maintenance fees for one year and free fees on sale and purchase Sales gallery address agreement, memorandum of transfer and loan 24G, TPJ 1/1, Taman Pauh agreement. In addition, the developer under- Jaya, 13700 Perai stands the financial constraints brought on by Contact number the current pandemic and is also offering to 011 1722 6215 waive late payment interest charges for up to 12 months, in the event buyers face difficulty in Website udaproperty.com.my servicing the monthly instalments. So, hurry and take advantage of all these Facebook promotional offers to own an address in one of UDA Property Malaysia Penang’s main neighbourhoods. EP 4 FRIDAY SEPTEMBER 25, 2020 COVER STORY BANDAR

The 486-acre development will be positioned as a regional financial and business hub. What’s next for

BY TAN AI LENG

he appointment was set at 10am but by 9.45am, Tan Sri Lim Kang Hoo had the Edge- Prop Malaysia team ushered BANDAR into the modest-sized and unassuming meeting room in his office in Gombak, -Se langor. Waiting to greet us was a relaxed-looking Lim. Clearly, the executive chairman of Iskandar Wa- terfront Holdings Sdn Bhd (IWH) and chairman MALAYSIA? of Ekovest Bhd, was ready and even eager to take Tquestions on his most ambitious project yet — the RM140 billion Bandar Malaysia. posit to secure the Bandar Malaysia development, EdgeProp.my: Have you been sleeping well? the deal lapsed and the RM741 million IWH-CREC Lim: Sure, I sleep well. paid as deposit for a 60% equity stake in the RM7.41 Lim’s spontaneous response is expected. After billion project was fully refunded to IWH-CREC. EdgeProp.my a long hiatus, the stars for this mega project — the | However, Bandar Malaysia was revived in April most-anticipated and biggest ever for Malaysia 2019 with an open public tender. This time around, and the most ambitious for Lim — appear finally IWH-CREC won the bid after competing against aligned. more than 40 companies. The success of Bandar Malaysia is not only key Fast forward to Sept 15, 2020, with the initial for Lim but, equally so for the country. In the words YEN YEING LOW payment settled, IWH-CREC has two more stage of Lim, “This is a Government-to-Government pro- payments of RM963 million each to the govern- ject. Bandar Malaysia is the largest project in the ment, with the balance to be settled via two bank One Belt One Road initiative and with the partici- guarantees over three years. In accordance with the pation CREC — one of the Fortune 500 companies agreement, IWH-CREC is allowed to commercialise — it can attract other global top companies to set and market the 133 acres of the Bandar Malaysia up their regional offices there.” land to local and international strategic investors After a false start in 2017, the defining moment who qualify and fit into the Phase 1 Bandar Ma- for Bandar Malaysia came on Sept 15, 2020. IWH- laysia master plan. CREC Sdn Bhd settled the RM1.24 billion initial Bandar Malaysia sits on the single largest tract payment to TRX City Sdn Bhd, a Ministry of Finance of 486 acres of premium land in the heart of Kua- Incorporated wholly-owned subsidiary, for a 60% The project of la Lumpur. Located at the site of the former Royal stake in Bandar Malaysia Sdn Bhd. Malaysian Air Force base in Jalan , the IWH-CREC is a joint-venture of Iskandar Wa- this national mega integrated development has a gross devel- terfront Holdings Sdn Bhd (IWH) — a private ve- opment value of RM140 billion. hicle of Lim — and China Railway Engineering interest and As the master developer of Bandar Malaysia, Corp (M) Sdn Bhd (CREC). The JV has success- IWH-CREC is now able to kick start its planned fully tendered for a 60% stake in Bandar Malaysia the project of land sale. According to Lim, IWH-CREC inked an Sdn Bhd at RM7.41 billion, valuing the latter at agreement with TRX City Sdn Bhd and settled the RM12.35 billion. this size will deposit and advance payment of RM1.24 billion To recap: IWH-CREC first won the deal in 2015 earlier this month, allowing the JV company to start but it was called off in 2017 due to issues related take 20 to selling the 133-acre plots to interested investors to Development Bhd (1MDB) as 1MDB and property developers. was the government entity holding the remaining 30 years Positive market response is crucial no doubt. 40% stake at that time. Lim hints that the market could expect several 1MDB, a government-run development com- to complete.” significant agreement signings involving overseas pany, was in trouble when the country’s sixth investors in the coming weeks, adding he was not prime minister Datuk Seri was — Lim at liberty to immediately divulge more information. accused of channeling over RM2.67 billion When pressed, Lim would only say that these from 1MDB to his personal bank accounts are FDIs (foreign direct investments) that could see in 2015. Since then, projects related to 1MDB Bandar Malaysia as a strategic destination in the have been affected and scrutinised, including development of China’s Belt and Road initiative Bandar Malaysia. and its immense economic spin-offs. Despite IWH-CREC clearing the required de- CONTINUES NEXT PAGE → EP 5 Friday september 25, 2020 cover story

What makes Bandar Malaysia attractive?

← from previous PAGE These FDIs would not only boost sentiments The 486-acre Bandar Malaysia Iskandar Waterfront Holdings Sdn Bhd It comprises multi-level public of Bandar Malaysia but would stimulate both development is more than a financial and chairman of Ekovest Bhd, Tan Sri transport networks including the the Malaysian real estate sector and economy. and business centre; the development Lim Kang Hoo obtained during a holiday upcoming -Singapore Lim wants to position Bandar Malaysia as comprises offices, retail, residential, in Montreal, Canada. High Speed Rail (HSR), soon-to-be- the regional financial and business hub that arts and entertainment, medical and The plan is to turn the underground completed electrified double-tracking could become a home for Fortune 500 com- education components that offer space into a 24-hour retail and enter- project, KTM Komuter, MRT and LRT, panies, multinational corporations and tech- convenience to the residents and tainment centre that caters to the needs Monorail and . nology companies. working population there. of the working population in Bandar In terms of road connectivity, it For this to be a reality, Lim says the gov- Another key feature that enabled Malaysia. is easily accessible via Duke 3, KL- ernment has agreed to provide customised IWH-CREC Sdn Bhd to win the Bandar Designed as an integrated terminus, Seremban Highway, SMART tunnel, incentives to foreign investors. Malaysia deal is the idea of creating the connectivity and accessibility to public Maju Expressway, East-West Link Bandar Malaysia, he says, would be an in- an underground canal city — an transportation and road system are the Expressway and future elevated tegrated development that is ideal for people inspiration which executive chairman of greatest advantages of Bandar Malaysia. highways. to live, work, and play “We are going to build a ‘business centric intelligent city with integrated connectivity, sustainability and livability concept” in Ban- Location dar Malaysia. There is a 120 years golf course where we will upgrade and turn into a ‘fairy land’ complemented with entertainment cen- tre, performing arts centre, a central park with a grand waterfall and river canal and boutique retail areas that cater to everyone’s needs,” Lim tells EdgeProp. Meanwhile, for the the infrastructure, con- struction and property development compa- ny - Ekovest, which is also founded by Lim, its participation will complement IWH’s role as the master developer. Ekovest’s investment in Bandar Malaysia Project will provide the head up for Ekovest to build up its order book. Being the founders of both companies, Lim says the main reason to rope in Ekovest is to offer the company’s shareholders an oppor- tunity to tap into this mega development in the CBD city. To be part of this deal, Ekovest will need to pay RM1.3 billion, but spread over three years Bandar and with an cash initial amount of approxi- mately RM250 million. Malaysia Still, Ekovest’s participation in Bandar Ma- laysia is pending an EGM for shareholders’ approval.

Pricing of Bandar Malaysia land malaysia bandar Lim says the land price in Bandar Malaysia could be “at least RM1,500 psf”, stressing that prime location land in the is becoming scarce. Moreover, the aver- age price in the KLCC area is around RM4,000 psf, he says. “Property developers and investors are Chronology The site looking at the CBD (central business district) of Royal area. So, if you look at KL, how much of such Malaysian land is left? If you can count, you will know of the Bandar Malaysia AIr Force there’s not much land left. base in “This (RM1,500 psf) is the price for a plot development Sungai Besi. ratio of eight… It’s a good deal,” he adds. To increase the attractiveness of Bandar Ma- laysia, the government is offering tailor-made May 2011 May 2016 July 2017 December 2019 incentives to eligible companies that are inter- Malaysia’s 6th Prime The deal falls apart and The Ministry of Finance TRX City Sdn Bhd signs the ested to set up their operations in the mega-de- Minister Datuk Seri Najib IWH-CREC receives the (MoF) launches a request share sale and shareholders velopment. These include top 100 financial Razak announces the refund of RM741 million for proposal and up to agreements with IWH- institutions, multinational companies, Fortune Bandar Malaysia project that it had paid as deposit seven Chinese and two CREC Sdn Bhd that will kick 500 companies, tourism-related companies, which will be carried out to purchase a 60% equity Japanese companies submit off the Bandar Malaysia medical and education institutes. through a public-private stake in Bandar Malaysia proposals for the Bandar development. On top of this, a one-stop centre is also be- partnership model. Sdn Bhd for RM7.41 billion. Malaysia project. However, ing planned to assist companies to set up and To realise this MoF didn’t reveal further September 2020 smoothen their operations in Bandar Malaysia. development, the Royal May 2017 details about the deals. IWH-CREC is ready to “It will take some time to set up the intelli- Malaysian Air Force airbase, Najib visits Beijing, China, take off with the Bandar gent, modern and integrated one-stop centre... which is located in Sungai for the One Belt One Road April 2019 Malaysia development It will enable us [Bandar Malaysia] to compete Besi, will shift to Sendayan, Forum. During the joint Former Economic Affairs with the settlement of the with other cities regionally,” says Lim. Negeri Sembilan. conference at Sofitel Beijing Minister Datuk Seri RM1.24 billion deposit and Hotel with Wanda Dalian Azmin Ali reveals that advance payment for the December 2015 Group, the latter expresses the government will call project. See Page 7 for the Question and IWH-CREC buys 60% stake interest to participate for bids on the Bandar Answer session with Lim where of Bandar Malaysia from in the Bandar Malaysia Malaysia development via he also addresses issues on IWH- 1MDB for RM7.41 billion. development. an open tender process. CREC’s funding, timing of Bandar Malaysia and the property glut. EP 6 FRIDAY SEPTEMBER 25, 2020 Where sustainability and innovation form the crux

of a masterpiece Lendlease’s first residential tower in TRX comprises 444 units, while the second tower has 442 units. ocated in the heart of fic. It is also connected to a network Kuala Lumpur’s new of highways such as MEX and SPE Central Business Dis- and will have pedestrian links to trict (CBD), the upcom- and KLCC for con- ing TRX Residences venient access to key city nodes. Lwill be one of the most coveted All the development compo- addresses among the well-heeled nents are the results of well-thought in the country. planning by the developer, with the This urban integrated develop- objective of integrating every el- ment inspires wellness, sophistica- ement to deliver convenience at tion, liveability and lifestyle. your doorstep. TRX Residences is the brainchild of leading international property and Creation of a infrastructure group, Lendlease, and prestigious developer the master developer of Malaysia’s Formed over 60-years ago, Aus- first international financial and life- tralian-based Lendlease is well style district, TRX City Sdn Bhd. established with a footprint that The much-anticipated freehold spans Asia, Australia, Europe and residential component of The Ex- the Americas. change TRX, was unveiled in what With a global development pipe- is touted to be the first-of-its-kind line of over A$100 billion (RM303 Digital Launch on Thursday (Sept billion), the developer has partic- 24), at 12pm online. ipated in iconic global landmarks TRX Residences is located within such as the Sydney Opera House, the 17-acre integrated development National 9-11 Memorial and Muse- of The Exchange TRX, a vibrant ex- um, Statue of Liberty and our very perience led lifestyle destination own Petronas Twin Towers. crowned and seamlessly integrat- From a residential standpoint, ed to a 10-acre activated public Lendlease has delivered homes park. Residents will be able to live across the spectrum from com- at the centre of it all within the new munity land plots to luxury high- lifestyle epicentre of Kuala Lumpur rise and retirement villages. It is with easy access to socially immer- currently involved in 21 major urban sive experiences encompassing regeneration projects in nine gateway events, entertainment, arts and cities including The Exchange TRX. culture, sports and leisure and over The most recent completion is 500 lifestyle, dining offer, concept Park Place Residences within the stores and new-to-market brands. Paya Lebar Quarter in Singapore The other components of the earlier this year, where it was award- development include Malaysia’s ed the Top Tier Star Rating for the first design-led luxury boutique Building and Construction Author- tle in London has appreciated by top priority. Hence, every Lendlease itively crafted digital journey. hotel Kimpton Hotels and Restau- ity (BCA) Quality Mark, recognising 75% in 6 years since its launch, project, regardless of where it is Be ready to discover world-class rants, and a Grade-A campus style superb workmanship. As with TRX outperforming the regional average located internationally, complies urban integrated living in KL’s new office block. Residences, Park Place Residences by over 50%; and in the One Syd- with its Global Minimum Require- CBD with engaging and interactive The development offers unri- also received strong market sup- ney Harbour project in Barangaroo ments (GMRs). This ensures world- videos, animations, visuals, quiz- valled connectivity by MRT, major port with Phase 1 allocated units South which achieved the highest class standards for the Lendlease zes and information. Guests were highways or pedestrian networks. fully sold within one day. price per square metre for resi- brand, such as in matters of safety transported virtually to five distinct TRX Residences is just 70m to Ma- Lendlease’s strong residential dences in Australia. and quality. zones where they could share their laysia’s only MRT interchange and capability is evidenced in its other As a global developer, Lendlease experience via embedded social has direct access from the SMART urban regeneration developments is committed to sustainability, and First-of-its-kind media functions. Tunnel, bypassing surface road traf- around the world – Elephant & Cas- safety with customer focus as its Digital Launch Do not miss the opportunity to The Digital Launch of TRX Residences be the first in town to experience on Thursday has been a unique this prestigious development by the experience for the participating established international-standard guests, as they found themselves developers — Lendlease and TRX immersed at the centre of the intu- City Sdn Bhd.

The facilities include a lap pool overlooking the green tranquility of the Royal Selangor Golf Club. A Gourmet Dining Room to host meals in indoor and outdoor settings. EP 7 FRIDAY SEPTEMBER 25, 2020 COVER STORY Q & A with Tan Sri Lim Kang Hoo

EdgeProp.my: There had been false starts before. Is this time for real? Tan Sri Lim Kang Hoo: Yes of course it is real. IWH CREC Sdn Bhd has on 15 September 2020 paid RM1.241 billion, being the 10% deposits (RM741 million) and the RM500 million advance payment to the vendor, TRX City Sdn Bhd (“TRXC”), a wholly owned subsidiary of Ministry of Finance

Incorporated (“MOF”). EdgeProp.my | IWH-CREC is a joint consortium between IWH, a public-private-partnership company, and China Railway Engineering Corp (M) Sdn Bhd, a wholly owned subsidiary of CREC, a China state-owned

company and a fortune 500 company. YEN YEING LOW

Why are you so confident that Bandar Malaysia will be a reality? existing ERL railway which connects Kuala Lum- corporations and Fortune 500 companies and top The Bandar Malaysia project is a joint development pur International Airport (KLIA) and the Kuala 100 finance institutions to relocate their operations between MOF (40%), IWH-CREC (60%). Lumpur Sentral transportation hub. The MRT2 has here. This will further increase high-income em- IWH is a public-public-partnership company, already designated two stations in Bandar Malaysia ployment opportunity as well as reduce the brain- which is co-owned by my private entity Credence A master which are set to be completed by 2021, as well as drain out of the country. Resources Sdn Bhd (63%) and KPRJ (37%), the developer the -Pantai Expressway (SPE) formerly This is in line with the government’s policy of wholly owned subsidiary of the State Govern- known as DUKE 3 slated to be completed by 2021, offering special tax incentives for various qualified ment of Johor. plans, which is linked to 12 other highways into KL city, economic sectors to attract MNCs to Malaysia to The consortium will jointly attract the foreign develops, and will be aligned to Bandar Malaysia. invest in high-tech and high-value fields. direct investors (“FDI”) and other Multi-national implements To be developed over 20 years, Bandar Malaysia The project is further expected to relieve the companies (“MNC”) via various incentives and key will shape the future direction of Kuala Lumpur by Klang Valley’s excess supply of office space and strategic planning and support from federal and large-scale offering a liveable new lifestyle city with modern residential properties as these are expected to be state governments to make the new Kuala Lumpur development infrastructure to become an iconic development filled quickly by foreign companies and their high- Centre Business District (“CBD”), the purpose-built within the Asean region and to the world. skilled workers and expatriates. international city a reality. for sizeable In addition to providing Grade A office prem- landbank that ises, it will encompass other key components like Why is it exciting? You have not talked a lot about hotels, shopping, healthcare, education and well- Bandar Malaysia is an exciting and important this project before; why now? have been ness facilities. There will also be 10,000 affordable project for Malaysia and it will attract FDI and We are ready now because we have just fulfilled identified as homes to benefit low-and-medium income groups. MNCs and attract the repatriation of brain drain our obligations to pay the RM1.241 billion. The RM140 billion integrated development will overseas back to Malaysia. In addition, it will also Pursuant thereof, based on the agreement with development feature integrated components covering finance, create the much-needed demand to absorb the TRXC, we will commence our local and internation- precincts.” technology, medical science, education, tourism oversupply of offices and residential [properties] al marketing for the Bandar Malaysia project and and entrepreneurship, as well as being an Intel- in Kuala Lumpur as many professionals and con- aim to attract FDI, MNC and various developers — Lim ligent City. It is designed to attract multinational sultants will need to be engaged to undertake the to co-contribute to our development. massive project. In addition, we believe there will BANDAR MALAYSIA The Bandar Malaysia project is a project of be many expatriates who will be heading here to national importance for Malaysia and it will be a fill up the supply of properties in Kuala Lumpur project which can partially anchor the economic city as the Bandar Malaysia Phase 1 development stimulation plan by the government. can only be completed and ready to be occupied in the next three to four years. How would you fund your share of the project? Details of the connectivity The funding for this project will be via a combina- — and its impact tion of internally generated funds, bank borrow- Bandar Malaysia is well connected via 12 rails and ings and the initial public offering of IWH which is highways which the connectivity and link to this expected to be undertaken in the first half of 2021. project is as per the transportation network as set out herein. Ekovest is currently undergoing the What are the components construction for Duke 3 at Sungai Besi, which is of the project? the elevated highway running parallel to the run- Bandar Malaysia will be the transit oriented devel- way in Bandar Malaysia. Duke 3, will provide the opment (“TOD”) to the Express Rail Link (ERL), infrastructure and pre-cursors for the construction KTM, double tracked from Kayu Hitam to Bandar of the underground city for phase 1 of the Bandar Malaysia, Bandar Malaysia to Johor Bahru and The multi-billion ringgit development will offer a liveable new lifestyle Malaysia project. Mass Rapid Transit (MRT) Line 2 and 3 and the to city-dwellers. CONTINUES NEXT PAGE → EP 8 FRIDAY SEPTEMBER 25, 2020 COVER STORY

← FROM PREVIOUS PAGE About the underground city — why is this significant for the project? Kuala Lumpur is a tropical city — by having an un- derground city, it will provide the much needed working environment, connectivity and ambiance for 24-hour operations in Kuala Lumpur for all in- ternational MNCs to operate and bring in life and business activities to Malaysia. Bandar Malaysia will also be one of the major tourism attraction destinations for Kuala Lumpur and Malaysia.

As a master developer, what would be your role? A master developer plans, develops, and imple- ments large-scale development for sizeable land- bank that have been identified as development precincts. Through a broad set of planning param- eters, the master developer takes into considera- To be developed over 20 years, tion the mix of use, urban design, and infrastruc- Bandar Malaysia will shape the tural requirements for the entire master plan. In future direction of Kuala Lumpur. planning the success of the development precinct, the master developer may choose to partner with or transfer development rights of specific plots to other developers to execute project plans. The phasing of the development precinct is controlled within the master-planned development contin- and most shops and offices are occupied. The feel closely by the master developer via its release of ues to be built upon and the development precinct good factors in Johor Bahru — especially with the development plots, and the master developer increases its stature as an address, the remaining formalisation of the Johor Bahru-Singapore Rapid works directly with the government to develop development plots will become more valuable due Transit System (RTS) between the Malaysian and incentives that are relevant to the success of the I always to the scarcity of land. Singapore governments recently — will further development precinct. believe, if enhance the connectivity between Johor Bahru The master developer is the key driver in en- What was your inspiration for and Singapore. suring that the vision of the master plan for the we have the the planning of Bandar Malaysia? development precinct is achieved. In doing so, And what is your vision for it? What would be the incentives the master developer may release plots of land in vision, the Bandar Malaysia will be a catalyst for the transfor- to draw in FDIs? the development precinct for sale by tender or via passion and mation of . As part of the Bandar Malaysia agreement, the joint venture with local or foreign investors who My inspiration and aspiration are to join hands government is to provide tailor made incentives to are able to assist the master developer in realising the patience with the Malaysian state and Federal authorities attract all the FDI and MNCs into Bandar Malaysia. the development precinct’s vision. These investors and China state owned entity, ie: CREC to jointly invest capital and technical market expertise to we can and develop this world class intelligent city, namely Do you see Bandar Malaysia develop land plots, in accordance with the master will succeed Bandar Malaysia. attracting the same names that plan envisioned by the master developer. Bandar Malaysia is one of the most significant are already in Malaysia? Or new A successful development precinct creates an in all projects by the China government as part of their ones altogether? Why and how? attractive address for the establishment of busi- one-belt, one road programme. We welcome all MNCs and FDI and local corpora- nesses. This attracts FDI when specific industry challenges.” Currently the Royal Malaysian Air Force Base, tion to relocate their regional and local offices to clusters are created within the development pre- this premium land in Sungai Besi will be one of the Bandar Malaysia upon assessing the infrastructure cinct, generating job opportunities for the locals — Lim most sought-after pieces of land in the city. Bandar and connectivity and various tailor made incen- and enhancing overall economic growth. A suc- Malaysia aspires to be an exemplary mixed-use tives that can be value add by Bandar Malaysia. It cessful master-planned development is evidenced community of the highest standard, where nature, is the vision and mission for the joint consortium by its prominence as an address and a location. culture and creativity are a part of everyday life. to build an intelligent and digital driven city which This encompasses availability of good amenities, One of the key components of Bandar Malaysia is provides the new angles for all the existing offices complementary infrastructure and an appropriate the transit oriented development with easy ingress and transit oriented developments in Kuala Lumpur. mix of development components in a variety of and egress, high utilisation of public transport, and The 486-acre Bandar Malaysia project is a pur- land use that supports the development’s popula- efficient internal transit. Infrastructures planned pose-built city which is well designed and has all tion and economic growth. The master developer include innovative car and bicycle hire-schemes, the relevant components to make it a successful continues to invest in the development precinct well-planned road networks, pedestrian-centric extended CBD for Kuala Lumpur. Bandar Malaysia (e.g. by making infrastructure improvements, etc.) connections and shaded walkways. Bandar Ma- has the strategic location, size and reach to enable in order to obtain long-term returns. A successful laysia is planned around the principles of (i) con- a purpose built city to be formulated. master-planned development will create demand nectivity (ii) sustainability (iii) livability. from investors, which leads to an increase in land Your biggest challenge values in a specific development precinct. As plots Timing — Would Bandar in this project ALL PICTURES BY BANDAR MALAYSIA Malaysia not further exacerbate This project of national interest and the project of supply and overhang in the this size will take 20 to 30 years to complete so, there Klang Valley? will always be challenges that we need to overcome Many took the view that the Bandar Malaysia de- to meet the requirements of all stakeholders un- velopment will further worsen the oversupply of der the public-private-partnership (“PPP”) model, properties in Kuala Lumpur. But I disagree totally which consists of MOF, CREC and IWH. with that view. Otherwise, I would not embark on With this PPP model intact, I trust we can over- this project. My experience in Johor Bahru 23 years come all challenges!! ago — when we launched Danga Bay — has proven I always believe, if we have the vision, the pas- otherwise. Johor Bahru back then was one of the sion and the patience we can and will succeed in worst hit cities affected by oversupply of properties all challenges. with plenty of unemployment. Johor Bahru lacked economic activity and was severely affected by the Do you have a Plan B? Asian Financial Crisis in 1997. Johor Bahru was What do you mean by Plan B? considered the backyard of Singapore. Upon the Bandar Malaysia is a national project which launch of the first economic corridor by former we will need to see through with our sharehold- prime minister Tun Abdullah Ahmad Badawi in ers collectively. 2006, the economy has become more vibrant and today it is one of the most active states in Malaysia. Have you been sleeping well? There are many activities in Johor Bahru today Sure, I sleep well. EP 9 FRIDAY SEPTEMBER 25, 2020

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INVESTING IN PROPERTIES OVERSEAS 2020

The London BY RACHEL CHEW skyline.

hile “don’t put all your eggs in one basket” is a well-used adage, it re- mains a relevant invest- Should you ment strategy today. Property portfolio di- versification in types and destinations has prov- en to help manage investment risk. This being theW case, anytime would be a good time to put buy property one’s money into the real estate sector. “There is no good time or bad time to buy property locally or overseas. We believe every day is a good time to buy as long as we understand the respective countries’ property market well,” overseas now? Jalin Realty International founder and CEO Ian Chen tells EdgeProp.my. Unlike a “normal market”, this pandemic period has seen developers dangling attractive incentives, Chen shares. “The fact is, during uncertain times, people “Buying a property in Singapore is still a pop- However, besides the global economy, one look more towards tangible assets, income-pro- ular idea for Malaysian investors as the market is needs to consider the supply and demand of ducing assets, and lower risk assets; London prop- quite promising. If a project’s price and location the area, the location and most importantly, Whilst physical erty ticks all those boxes,” Heaton-Watson notes. are correct, it will still attract a fairly good num- personal risk appetite and financial position. Meanwhile, let us not forget about our neigh- ber of Malaysians,” said PropNex Realty head of Chen finds Malaysian investors financially viewings were bour down south, Singapore. The island republic international market Matt Tian. independent, well-travelled with a sound under- difficult during has consistently been one of the top choices for Tian added that familiarity with each other’s standing of the global property investment scene. Malaysian investors owing to its proximity and culture and close distance are the main reasons Hence their being global property landlords. lockdown, strong robust economic growth. Malaysians choose to invest in Singapore. “Malaysians are quite adventurous and enter- levels of CONTINUES NEXT PAGE → prising. However, with the Covid-19 pandemic and restriction on travelling, demand for overseas pent-up demand property investment has been quite subdued. were building.” “Still, we continue to receive enquiries on Malaysians’ property investment in Australia and the UK from — Heaton- THE EDGE those who see opportunities presented by the Watson favourite pandemic crisis. Developers are offering good property PROPNEX REALTY incentives to generate sales revenue during this pandemic,” adds Chen. investment Knight Frank Malaysia’s International Res- idential Project Marketing associate director destinations Dominic Heaton-Watson concurs that the pan- demic hasn’t dampened Malaysians’ appetite What to watch out for overseas property. for when investing London “In fact, we have seen some really interesting in overseas trends since the start of the pandemic. While physical viewings were difficult during lockdown, properties Birmingham strong levels of pent-up demand were building, evident by the ‘Lock-down lift-off’. • Know the country “For instance, the market in London quickly • Know the property New York Familiarity with It may seem returned to the strong pre-pandemic levels of transactions and July and August were the bus- • Study the market well each other’s easy to buy a iest months on record for Knight Frank. During • Know the legal, finance, Melbourne culture and close property abroad July and August, 44% of Knight Frank Malaysia duties and foreigners’ transactions for London property were 2-bed- restrictions distance are the foreign but room apartments,” Heaton-Watson shares. • Appointing the right Bali main reasons investors must He adds that the lockdown period allowed agency — property and clients to really fine tune their requirements; tenant management is Malaysians consider the after they now place greater emphasis on wellness vital during the investment Bangkok choose to invest sales implications attributes in the property they buy. The need for period access and proximity to open green space, larg- in Singapore.” and services.” er balconies and extra bedroom has also been • Consider local tenant Singapore evident as people want more space for leisure demand before choosing — Tian — Chen and home office. a unit EP 11 FRIDAY SEPTEMBER 25, 2020

INVESTING IN PROPERTIES OVERSEAS 2020

The city of Melbourne, Australia.

← FROM PREVIOUS PAGE Why Malaysians Searching for a safe haven buy overseas JLL Property Services (Malaysia) and Japan. These countries, Sdn Bhd country head YY Lau alongside Singapore, Aus- properties also sees investors stepping up tralia, and several others, can risk management by diversifying be deemed safe havens with into different property sectors their monolithic fundamen- Children’s and locations. tals as well as sustainability in education Yield-sensitive investors and property demand,” Lau tells those hoping for long-term ap- EdgeProp.my preciation and sustainability are The UK, Lau says, has proven looking to buy more properties, to be a safe haven for investment Portfolio especially with capital in play as the units are usually tenanted diversification being higher today than ever. quickly. Even during the lock- While UEM Sunrise is contin- down, all tenants renewed their uing its foray into the Australian agreements. Safe haven market, Axis REIT recently dis- “Even during the peak of the status closed their preference for the pandemic, there have been no local market’ and both of them requests for rental rebates or have reported success in their waivers whatsoever in the UK ventures, says Lau. market. Another safe haven, Ja- Tips on buying your Pure ROI “Individual investors have pan, also continues to enjoy po- (return on shown interest in the interna- litical stability, a defensive cur- first overseas property investment) tional properties we launched rency, low vacancy rate. Rental recently, especially in the UK collection was also not an issue during the peak of the pandemic Understand there,” she notes. foreign buyer Besides the UK and Japan, Lau sees Indonesia continuous- policy Yield-sensitive investors ly lobbying for the relocations of EdgeProp.my | as well as those looking US and Japanese companies to South East Asia. Tokyo, mean- For pure investment at long-term appreciation while, is offering incentives to Engage reputable purpose, pick a and sustainability are Japanese companies to diversify local agency for destination with easy looking to buy more from China to South East Asia. LOW YEN YEING LOW advice and after market exit policy; properties, especially “So, yes, it is still a good time sales service such as buy what the local to invest abroad depending on property management tenant market is with capital in play being the location and sector. However, and leasing looking for higher today than ever.” investors must do a comprehen- — Lau sive study on their own or appoint a specialist for the task,” adds Lau.

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Woods Square is an integrated commercial development in Singapore with offices, retail and F&B outlets and a childcare centre.

ompanies aiming to capture a bigger pool of clients and customers in the northern part of Singapore are set- Cting up shop at Woods Square, located in the vibrant Woodlands centre and close to Johor, Malaysia. An integrated commercial de- velopment with retail, F&B and a childcare centre, Woods Square sits squarely in the heart of Woodlands Regional Centre. Under the North- ern Gateway blueprint in Singapore’s Urban Redevelopment Authority (URA)’s Master Plan 2019, the region promises to be a new transformative hive of commercial activities includ- ing a new agri-tech hub. Woods Square: Key tenants Anchor tenants at Woods Square in- A draw for firms heading north of Singapore clude Qiren Organisation (SP — Qiren, an authorised representative of AIA Singapore, Reg. No. 201106386R), to tap a bigger population base Anytime Fitness, Far East Organiza- tion, Superland Pre-School and The Write Connection. Qiren Organisation will be taking time. “This is the first time that our safe, clean and fun environment for pressway, Bukit Timah Expressway Office Loft Office (SOLO) units for up approximately 36,000 sq ft of satellite offices are located with- them to workout 24/7. and the new North-South Corridor, sale. There are 101 such strata-titled space spread over 1½ floors at Woods in one location. Coupled with our “Our gyms are designed to be con- which eases traffic flows and cuts SOLO units with sizes ranging from Square for its latest satellite office digital transformational undertak- venient, affordable and accessible so travel time to the city by half an hour. 495 to 1,800 sq ft, and 5m floor-to which it has named Woods Valley. ing, it will drive better collaboration that members continue to be moti- Commuters travelling in and out of floor height with furniture platform The insurance giant views Woods and improve our efficiency, which vated in their lifelong fitness journey,” Johor, Malaysia, can also seamless- provided. Square as an attractive location giv- in turn, will enhance our ability to adds the company spokesperson. ly do so with the completion of the Many have witnessed the respec- en its centrality within Woodlands support and serve our customers These established companies see Johor Bahru-Singapore Rapid Transit tive success of Tampines and Jurong Regional Centre, and proximity to better. In addition, as a value-add the potential of Woodlands as the System (RTS). It was announced on regional centres in the Eastern and Yishun and Sembawang in the North, to our Woods Square owners and next growth hub, especially with the July 2020 that the RTS Link will be an Western part of Singapore, where the as well as Punggol and Sengkang in tenants, we have also carved out a launch of 2,110 Build-To-Order (BTO) LRT line, and the RTS station is just 1 once-residential towns were trans- the Northeast region. This enables range of meeting facilities for them flats in August by the Housing & De- MRT stop away from Woods Square. formed into thriving centres of com- representatives of AIA Singapore to to access for a nominal fee,” says velopment Board. When the project is completed in merce. As the next regional centre reach out and serve a larger pool of Cheryl Huan, Far East Organization’s Catering to the needs of residents 2026, it will connect Bukit Chagar in developed by URA, Woodlands, with customers. Chief Operating Officer for the Sales and the office population, Woods Johor Bahru to Woodlands North MRT the added advantage of proximity With Woodlands Regional Centre and Leasing Group. Square has a wide range of retail and station in Singapore, and is expected to Malaysia, looks set to follow in poised to be the largest economic Superland Pre-School will be F&B outlets such as Eu Yang San TCM to serve about 10,000 passengers per the footsteps of its successful pre- hub in the northern part of Singapore, setting up an infant and childcare Clinic, Fun Toast, Glance Optical, Ji hour each way to help ease traffic decessors. coupled with the fact that the popu- centre that can accommodate up De Chi Dessert, Saizeriya, Sanook congestion on the Causeway. Prices start from S$1.04 million lation is bigger than in other estates, to 100 children between the ages of Kitchen, and Swee Heng 1989 Classic. for a 560 sq ft office unit and S$1.43 being located at Woods Square brings two months and six years at Woods Only Grade A-like million for a 721 sq ft SOLO unit. greater convenience, says Qiren Or- Square. “Woodlands is a new target Connectivity offices in the North Buyers and sellers of commercial ganisation. market for our pre-school,” says a Connecting key locations in both Sin- In all, there are four towers in Woods property enjoy exemption for addi- “Having office, retail and other company spokesperson. “We chose gapore and Johor Bahru, the Wood- Square – Tower 1 & 2 and SOLO 1 & tional buyer’s stamp duty (ABSD) or amenities, including a childcare cen- Woods Square for its excellent loca- lands Regional Centre is expected to 2. The 365 office units in Tower 1, seller’s stamp duty (SSD) which is a tre within an integrated develop- tion and its positioning as a major hub serve as the strategic domestic cen- with floor-to-floor heights of 4.2m, good bonus for companies looking ment, enables us to engage in direct in the North.” tre for the Northern Agri-Tech and are for sale. Tower 2 is set aside for to purchase their own office space outreach marketing activities with Woods Square’s connectivity to Food Corridor. The centre will bring lease with Far East Organization as and investors. There is currently a 4% our key customer segments, and to Woodlands MRT Station and Bus In- together various elements to form a an anchor tenant. Currently, 62% of per annum rental guarantee for three achieve our objective of being the terchange allows Superland to tap a larger ecosystem that comprises the the 208 office units launched for sale years for selected units, a good con- insurance provider for families,” adds new and growing catchment area. future Agri-Food Innovation Park re- have been sold. sideration for investors who want to Qiren Organisation. “Our commitment “Being right in the centre of such plete with modern high-tech farms, Flexible office spaces range from enjoy guaranteed rental for a locked- has always been to ensure that peo- an important hub will definitely in- and the Senoko Food Zone that will 549 to 9,849 sq ft which can be amal- in period. ple and their families are adequately crease the demand for our services,” cater to the food-related industry gamated up to 20,000 sq ft. In the The office spaces are also avail- protected.” adds the company spokesperson. and businesses. wake of Covid-19 safety management able for lease. Far East Organization, Singapore’s “Overall, it would help us to provide Woods Square has sheltered ac- measures, they are ideal for satellite largest private property developer, an even better level of service to our cess to the Woodlands MRT Station, offices and business continuity plans. Brought to you by is another major occupier at Woods customers.” which is positioned as the intersec- To address the growing appeal for Far East Orchard Ltd, Far Square, taking up about 73,200 sq Anytime Fitness will be another tion of the North-South Line (NSL) smaller and compact office spac- East Organization ft of space spread over three floors occupier at Woods Square. “We are and Thomson-East Coast Line (TEL). es, Woods Square also offers Small & Sekisui House Ltd within Tower 2. The space will feature very excited to be part of this bustling Scheduled to be fully operational by modern workplace facilities such as neighbourhood and to have the op- 2024, the TEL will provide a fast- To make an appointment to view the office units or for a open collaborative areas that encour- portunity to influence a healthy life- er commute from the North to the personalised virtual tour from the comfort of your home: age creativity and teamwork and an style through fitness and wellness in Central Business District and Or- call +65 65348000 or WhatsApp +65 97122344. on-site café. the Woodlands community,” says a chard Road. Woods Square will see Far East company spokesperson. As a lead- For those who drive, Woods Please refer to www.fareast.com.sg/woodssquare Organization’s satellite operations ing brand in the industry, Anytime Square is accessible to major ex- for more information. housed under one roof for the first Fitness provides members with a pressways such as the Seletar Ex-

The joint developers of Woods Square are among the leading organisations in real estate development and management in the Asia-Pacific region. Sekisui House is the leading housing company in Japan, headquartered in Osaka; Far East Orchard a diversified property investment portfolio, owns and manages an extensive range of hospitality assets; and Far East Organization is Singapore’s biggest private property developer. EP 13 FRIDAY SEPTEMBER 25, 2020

INVESTING IN PROPERTIES OVERSEAS 2020

SINGAPORE

Eyeing growth in the Lion City

BY RACHEL CHEW Singapore 2Q2020 private Promising market n diversifying their prop- residential property index Besides the good property market per- erty investment portfolios, formance, Tian points out that Singa- Singapore has been one of KEY INDICATORS 1Q2020 2Q2020 CHANGE pore is one of the most politically stable, the top choices for Malay- Price index 152.1 152.6 0.3% democratic and safe countries in Asia Why do people sian investors for its prox- to work and live in. imity and robust economic Rental index 105.6 104.3 -1.2% A stable economy and political envi- like Singapore? growth. Take-up 2,149 1,713 -20.3% ronment are the assurance to good re- • Safe environment and political IPropNex Realty group lead- Pipeline supply 48,868 49,090 0.5% turns in property investments, he says, er Matt Tian tells EdgeProp.my adding that Hong Kong used to attract stability Vacancy rate 5.4% 5.4% 0.0 that Malaysians are one of the many among the global super-rich • Promising returns as there is biggest foreign property buyers SOURCE: SINGAPORE’S URBAN REDEVELOPMENT AUTHORITY but high-net-worth individuals are in Singapore, and vice-versa. PROPNEX REALTY looking for other alternatives in Asia very limited development land The familiarity with each other’s these days, and Singapore has caught • Well-planned city with good culture and close distance are their attention. infrastructure the main reasons Malaysians Geographically, Singapore is located choose to invest in Singapore. in the heart of Southeast Asia and is well • Close to Malaysia, hence easy According to Singapore Ur- positioned to serve the fast growing mar- to manage ban Redevelopment Authority ket of the Asia Pacific region. The Johor (URA) data, from January to Bahru-Singapore Rapid Transit System August this year, the top five (RTS) and KL-Singapore High-Speed Rail foreign buyers in Singapore are (HSR) infrastructure development are Chagar in Johor Bahru to Woodlands from China, Malaysia, India, In- expected to further enhance the Lion in Singapore, serving about 10,000 pas- donesia and the United States. City’s connectivity. sengers per hour each way, to help ease Although Malaysian buying Things to consider The RTS Link will connect Bukit traffic congestion on the Causeway. interest has decreased due to before purchase “We are in the buyer’s market now. the weakening ringgit, Tian ob- Tian: Buying a property in Developers are very sensitive to their serves that Malaysian investors Singapore is still a popular idea Singapore property selling price, which is an advantage still prefer to have a property to buyers [who are interested to own a for Malaysian investors as the 1 Buyer’s stamp duty rate across the Causeway and are market is quite promising. for residential properties types at a glance property in Singapore]. Coupled with the constantly looking for good op- current low interest rate environment, portunities. Despite the restrictions and First S$180,000: 1% it makes sense for buyers to invest in “Buying a property in Sin- higher entry cost, Singapore is Next S$180,000: 2% property now. gapore is still a popular idea still an attractive destination to Next S$640,000: 3% “While foreigners are not eligible to for Malaysian investors as the foreign investors, thanks to the Remainder: 4% buy HDB projects and projects in the market is quite promising. If a resilient demand even during CBD may be too pricey, you may con- project’s price and location are the Covid-19 pandemic. sider buying into those areas that have Additional buyer’s correct, it will still attract a fair- “People have been wait- 2 transformed or those new areas that stamp duty ly good number of Malaysians,” ing for a significant price drop HDB project have been identified by the government he shares. when Covid-19 hit. However, Singapore permanent for redevelopment and transformation, six months have passed and resident’s (PR) first Reserved for citizens and permanent such as places like district 21 and 15,” the property price doesn’t seem property: 5% residents (with strict criteria to fulfill) Tian reckons. Restrictions on to be much affected. The price Singapore PR’s second and Projects which have good access to subsequent property: foreign purchase is still holding up nicely,” Tian 15% Executive condominium RTS are also worth considering, for in- While welcoming foreigners to noted. Foreigners: 20% stance, Woods Square in the heart of Singapore, the Lion City also According to URA, prices of Could sell to foreigners after Woodlands Regional Centre. has strict restrictions to pro- private residential properties a 10-year of Minimum Occupation Poised to be the largest economic hub tect the interest of Singapore increased by 0.3% in the second 3 Other costs of in Singapore’s North region under the citizens and the local property quarter of 2020, compared with transactions Period (MOP) URA’s Master Plan 2019, Woods Square is market. For example, public the 1% decrease in the previous Mortgage duty, legal and an integrated commercial development housing under the Housing and quarter. Meanwhile, rentals of administration fees. Private high-rise project with retail, F&B, and a childcare centre Development Board (HDB) is private residential properties and is connected to Woodlands MRT only available for citizens and decreased by 1.2% compared Open to all citizens and foreigners Station via the neighbouring Causeway qualified permanent resident. to a 1.1% increase in the first 4 Loan for foreign Point mall. For foreign buyers, there will quarter of 2020. buyers? Landed property With the project being well connected also be an additional buyer’s Some 1,852 uncompleted The loan-to-value ratio to the key locations in Singapore and Jo- Reserved for citizens and permanent stamp duty (20%) on top of private residential units were maximum is 60%; hor Bahru, Woodlands Regional Centre the normal buyer’s stamp duty introduced to the market in downpayment: 5% to 10% residents (with strict criteria to fulfill) can serve as the strategic centre for the during transaction. 2Q2020 and 1,713 were sold. Northern Agri-Tech and Food Corridor. EP 14 FRIDAY SEPTEMBER 25, 2020

INVESTING IN PROPERTIES OVERSEAS 2020

An aerial view of central London.

UNITED KINGDOM

BY NATALIE KHOO prime Central London, he sees prices rising as high as 6% and eal estate in the 7% respectively, in 2022. United Kingdom What investors should note (UK) has always are areas marked for regenera- been a hit for Ma- tion. The infrastructure in these laysian property areas is being upgraded by pub- investors. Besides lic initiatives and new homes being viewed as a highly-fa- built by private enterprises. Rvoured study destination, UK “Notable hotspots include real estate had always boast- Whitechapel with the upcom- ed strong capital growth and ing Crossrail station that con- steady rental yield. nects East and West London However, with the noise on on high speed rail. In 2016, UK’s withdrawal from the Eu- JLL produced a research re- ropean Union (Brexit), coupled port which reviewed all the 42 with the upcoming challenging Crossrail stations. This docu- winter season and rise in Cov- ment researched aspects like id-19 cases which Prime Min- price growth, rental demand, ister Boris Johnson has labelled lifestyle and the general impact a second wave of virus, will the on the area. Whitechapel was in Expected price growth UK retain its appeal as a prop- the top spot for price growth out erty investment hotspot? of all 42 stations,” says Whitten. It is noteworthy that UK Whitechapel is located two for UK properties in 2022 house prices soared to record minutes away from the City of highs last month since 2016 Au- London and three minutes from gust despite the Covid-19 crisis, Canary Wharf, one of the three with market observers attribut- core Financial and Business Pros and cons London will remain competitive despite stamp duty changes ing this to the stamp duty cut Services (F&BS) employment of investing 350 Domestic and pent up demand. locations in London in large Foreign Whether this trend is a flash part responsible for the capital’s in UK 300 in the pan is anyone’s guess. emergence as Europe’s premier 250 £233,296 £218,176 £300,000 financial centre. 200 Will London remain a good 150 £150,000 Slight recovery property investment choice? £126,976 100 £93,750 Transaction tax (£ ’000)

JLL Property Services Malaysia £73,750 in 2022 £58,000 £60,000 Property consultancy firm JLL Lead of International Residen- £47,376

50 £31,696

• A world-class £18,816 Research head of UK Living Re- tial Christine Wong believes so, £26,250 financial 0 search Nick Whitten points out thanks to its undervalued cur- centre and London Paris New York Sydney Singapore Hong Kong Berlin Vancouver that UK is the sixth largest econ- rency, relatively cheaper stamp education hub omy in the world, with London duty compared to other major – London has being the capital city. Other no- cities and strong economic fun- four universities in the Top UK house price change House price change JLL house price forecast table cities include Birmingham, damentals. 50 (top universities.com) Manchester, Glasgow, Liver- “The 2020 UK Budget has and annual transactions Annual transactions JLL transactions forecast — Historic and JLL forecast pool, Bristol and Edinburgh. announced a 2% rise in stamp • Reliable rental returns due to low vacancy rate. Global Financial Crisis 1.8 Whitten is more conservative duty for foreign buyers effec- 30 (2007 - 09) Expected return of around UK recession Covid-19 (2020 -) 1.6 r

about the market. The lockdown tive April 2021 — completed a (1990 - 91) 1.4 e 20 y

3% to 5%, depending r 1.2

period severely affected trans- purchases before that date will e p

on location and capital e 10 1.0

action volume and he expects pay the same as domestic inves- g n

investment with low a 0.8 h

average house prices to drop tors. The Sterling Pound is also c 0 0.6 about 8% this year, remaining undervalued with the pound to vacancy period % 0.4 -10 flat in 2021 before recovering dollar exchange rate at US$1.40 • Strong capital growth 0.2 Transactions (m per year) to 3% in 2022 and 5% in 2023 as compared to May this year at prospect due to UK -20 0.0 and 2024. US$1.23 and pre-Brexit in 2016 housing shortage – For Greater London and at US$1.48,” says Wong. demand exceeds supply for Dec 91 Dec 92 Dec 93 Dec 94 Dec 95 Dec 96 Dec 97 Dec 98 Dec 99 Dec 00 Dec 01 Dec 02 Dec 03 Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Dec 09 Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Dec 17 Dec 18 Dec 19 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 many years to come LOW YEN YEING | JLL EdgeProp.my • Letting and management of property are done professionally and How to buy an international property governed by clear and fair rules and guidelines STEP 1 STEP 4 STEP 6 • Performed well during Be prepared — Research Hire a lawyer or agent to Once the contract is crisis and strong track the advantages of assist with handling the signed, be prepared to record of return investing in different contract. Reputable real transfer the necessary countries and learn about estate consultants should deposits. • Tax efficient investment their taxes and property be happy to recommend regulations. experts for this task. STEP 7 Closer to completion, Exposed to STEP 2 STEP 5 secure a mortgage foreign currency Identify the property to Agents can assist with provider, if one is fluctuation risk purchase contract translation needed. Again, trusted Whitten: Notable hotspots Wong: The 2020 UK Budget if capital needs services where necessary real estate agencies will include Whitechapel with the has announced a 2% rise in to be repatriated STEP 3 and arrange signing be able to recommend upcoming Crossrail station that stamp duty for foreign buyers back to domicile country Pay a reservation fee sessions with developers, banks offering mortgage connects East and West London effective April 2021 – completed someday unless proper towards the ‘preliminary so travel may not be products for overseas on high speed rail. purchases before that date hedging knowledge is sales and purchase necessary in all cases. buyers. will pay the same as domestic acquired. agreement’.

investors. JLL SOURCE FOR ALL CHARTS AND DIAGRAM: SOURCE: JLL EP 15 FRIDAY SEPTEMBER 25, 2020

INVESTING IN PROPERTIES OVERSEAS 2020

AUSTRALIA

BY NATALIE KHOO

ustralia is no stranger to Ma- Australia still hot among laysians. Her climate, world- class education and lifestyle of- overseas investors fered continue to draw proper- Aty investors from Malaysia and across the globe. A report published this year KNIGHT FRANK MALAYSIA How to buy property by independent global property consultancy firm Knight Frank Pros and cons in Australia titled Focus in Australia said her of investing population grew 1.5% in 2019 to 25.4 million. The two most in Australia populated cities are Sydney (5.3 million) and Melbourne (5.1 million) • Safe * According to the report, last environment year, the research and analysis and political division of Economist Group stability * providing forecasting and ad- • Safe haven destination ** if visory services has placed five • International portfolio Australian cities in the top 18 diversification most liveable, from 140 cities. * Heaton-Watson: Most major • Strong currency Melbourne took the 2nd spot, Australian cities were on a followed by Sydney 3rd and Ad- significant upward price growth • World-class education elaide 10th. Perth and Brisbane trajectory coming into 2020 • Transparent and stable took the 14th and 18th spots re- with relatively solid underlying political and legal systems. spectively. The index was based key fundamentals • Australian trend of on 30 considerations across five downsizing from house areas including stability, infra- from investors to owner-occupi- and land to amenity-led structure, education, health care ers as a result of cooling meas- apartments. and environment. ures and tighter lending. “Downsizers are securing • Lifestyle and liveability of low-maintenance residences the major cities. Where are the so investors are wise to keep hotspots? domestic buyers in mind for With so many states in Australia their eventual re-sale market. • Tighter * to invest in, where are some of Medium-density new build de- lending from the hotspots not to be missed? velopments within reasonable banks Knight Frank Malaysia in- distances of the CBD and offer- • Foreigner for 6 months of the year ternational project marketing ing abundant common amen- stamp duty associate director Dominic He- ities are expected to perform aton-Watson says “it is difficult well,” Heaton-Watson explains. • Foreign investors can to pin point the specific areas However, Melbourne and only buy off-the-plan, in today’s challenging times”. Sydney could see a hard down- new build properties (not However, he sees the more es- turn this year due to impact existing stock). tablished cities likely to be more from the Covid 19 pandemic • Before purchasing a resilient, with Perth likely to on international tourism, enter- residential property in perform best in the mainstream tainment and higher education. Australia, all foreign market. “In contrast, Western Aus- investors must apply to “One strong performing sec- tralia’s economy is forecast the Foreign Investment tor I would highlight is the su- to outperform, helped by the Review Board (FIRB) and per-prime and branded resi- recovery in China’s demand a fee is payable before the dences market in Sydney. With for commodities. Historically, application is processed. This fee does not provide REVENUE, NSW OFFICE OF STATE GOVERNMENT, SOURCE: KNIGHT FRANK RESEARCH, AUSTRALIAN REVENUE QUEENSLAND OFFICE OF STATE REVENUE OFFICE VICTORIA, STATE such limited stock, few compet- Perth’s property market flour- *FIRB: Foreign Investment Review Board **ATO: Australia Taxation Office ing buildings and low incoming ishes with a booming commod- any assurance of securing supply in the pipeline, the price ity sector,” Heaton-Watson says. the property. performance is well supported “Key global cities and eco- nificant upward price growth trajectory the rest of 2020, we are looking at a re- and demand levels are evidently nomic powerhouse locations SOURCE: KNIGHT FRANK MALAYSIA coming into 2020 with relatively solid turn to growth in 2021 with the hope of strong,” he tells EdgeProp.my such as Sydney are likely to fare underlying key fundamentals,” Hea- a vaccine in play. According to Heaton-Wat- better, show the most resilience, ton-Watson emphasises. “The Knight Frank Sydney office and son, Australia records a wide and bounce back quicker than His observation was based on the min- residential sales team have reported that spectrum of residential property other cities domestically and imal price reductions in residential pro- they had significantly more enquiries buyers, although in recent years internationally. Most major jects and established homes in 2Q2020. during lockdown than they did last year the market has notably shifted Australian cities were on a sig- “Although the outlook is bleak for over the same period,” he adds. EP 16 Friday september 25, 2020

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

RM570,000 RM34,000/mth RM3,100,000 RM638,000 Lexa Residence @ The Quartz, KL Eco City, , Kuala Lumpur Section 2, Shah Alam, Selangor Taman Yarl, Jalan Klang Lama, , Kuala Lumpur Type: Office Tenure: NA Type: Bungalow Tenure: Leasehold Kuala Lumpur Type: Condominium Tenure: Freehold Built-up: 4,381 sq ft Built-up: 4,180 sq ft Land size: 8,530 sq ft Type: Terraced house Tenure: Freehold Built-up: 893 sq ft Bedroom: 3 Bathroom: 2 Bedroom: 6 Bathroom: 5 Built-up: 2,400 sq ft Land size: 1,540 sq ft Bedroom: 5 Bathroom: 3

Fazli Shahar (REN 18056) Felicia Lee (REN 22331) Fitri (REN 22367) Joseph Tin Kok Hua (REN 31981) DRMI Property Consultant (VE (3) 0369) IQI REALTY SDN BHD (E (1) 1584) CBD PROPERTIES SDN BHD (E (1) 1197) CID REALTORS SDN BHD (E (1) 1855) +6012 360 2422 +6019 381 2638 +6019 999 3444 +6019 265 6602

RENTED foR

RM5,000 (RM5.98 psf) DONE Serviced apartment unit, DEAL Pavilion Suites, Kuala Lumpur Concluded by: Kelly Tan Yen Chin (PEA 1960) of IQI Realty Sdn Bhd (+6012 266 0695) When: June 2020 RM19,438,650 RM1,980,000

Pulau Indah Industrial Park, Launched and developed by appreciation potential, just like SouthLake, Desa Parkcity, Pulau Indah, Selangor Noteworthy Pavilion Group in 2015, Pavilion the Taiwanese landlord who Kuala Lumpur Type: Industrial land Tenure: Leasehold Type: Terraced house Tenure: Freehold • Built-up: 836 sq ft Suites is a freehold single tower owns the unit,” Tan noted. Land size: 5.95 acres Built-up: 2,000 sq ft Bedroom: 4 development that houses 383 Meanwhile, the tenant is a • Freehold Bathroom: 4 serviced apartments. There are Singaporean who is working • 2 bedrooms; (REN 24025) four floor plans to choose from in Kuala Lumpur. She likes this (REN 20657) Foong Boon Chin 1 bathroom Frank Liang MEGAHARTA REAL ESTATE SDN BHD (E (1) 1215) with built-up ranging from 718 unit for the KLCC view and REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) • Fully furnished +6012 692 2939 sq ft to 1,254 sq ft. the impeccable furnishing by +6012 211 3138 • Mid floor with KLCC Pavilion Suites is connected Pavilion Group. view to the Pavilion Shopping Centre “This unit also comes with • Facilities: Infinity Kuala Lumpur, which is located a plus one room with a study pool, wading in Jalan Bukit Bintang and linked desk, which can function as a pool, pool deck, to the Petronas Twin Towers via small office, fulfilling the tenant’s gymnasium, spa the pedestrian bridge of KLCC. It needs as she has to work from room, indoor Jacuzzi, function room, is also 300m away from Bintang home more often since the outdoor terrace, MRT station. movement control order started sitting lounge and According to real estate in March,” Tan said. water feature. agent Kelly Tan Yen Chin of IQI While there is no transaction • Amenities: Realty Sdn Bhd, who recently data available for Pavilion Pedestrian bridge concluded a rental deal in Suites so far this year, last year RM287,000 linked to Petronas Pavilion Suites, it is one of the saw 22 and 40 units asking for RM750,000 Twin Towers, 300m most sought-after projects in sale and rent respectively, as of Puncak Saujana, Kajang, Selangor away from Bintang the Golden Triangle of Kuala mid-September, according to Fraser Towers, Petaling Jaya, Type: Condominium Tenure: Freehold MRT station, walking Lumpur, thanks to its location. EdgeProp.my. Selangor 1,055 sq ft 3 2 Built-up: Bedroom: Bathroom: distance to Bintang “The project units were The average asking price Type: Condominium Tenure: Freehold Walk and Changkat Built-up: 1,904 sq ft Bedroom: 4 snapped up fast despite it is RM2.73 million or RM3,299 Bukit Bintang. Bathroom: 3 being one of the most premium psf, while the average asking Fuad Yusof (REN 22840) launches back in 2015. Many monthly rental is RM5,375 or Glenn Mak (REN 22639) MAXXAN REALTY SDN BHD (E (1) 1766) buyers were buying for its capital RM6.96 psf. AVID ESTATES (E (3) 1524) +6018 259 7160 +6012 868 3563

RM1,100,000 RM1,150,000 RM995,000 RM480,000 Elmina 3, Denai Alam, Selangor Denai Alam, Selangor Seri Riana Residence, Wangsa Taman Gembira, Klang, Selangor Type: Terraced house Tenure: Freehold Type: Terraced house Tenure: Freehold Maju, Kuala Lumpur Type: Terraced house Tenure: Freehold Built-up: 2,056 sq ft Land size: 2,760 sq ft Built-up: 3,300 sq ft Land size: 2,960 sq ft Type: Condominium Tenure: Leasehold Built-up: 1,600 sq ft Land size: 1,400 sq ft Bedroom: 4 Bathroom: 3 Bedroom: 5 Bathroom: 5 Built-up: Leasehold Land size: 1,528 sq ft Bedroom: 3 Bathroom: 2 Bedroom: 3 Bathroom: 2

Hakimi (REN 42898) Hanif Kasmani (REN 38092) Harry Anwar (REN 38290) Hayati Husin (REN 01018) WEISE INTERNATIONAL PROPERTY CONSULTANTS MAXXAN REALTY SDN BHD (E (1) 1766) Azmi & Co Estate Agency Sdn Bhd (E 10553) REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) SDN BHD (VE (1) 0241) +6016 222 6377 +6010 404 0345 +6012 912 5034 +6019 359 6969 EP 17 Friday september 25, 2020

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RM6,700,000 RM650,000 RM6,500/mth RM228,000 Q Sentral, KL Sentral, Petaling Jaya, Selangor Northpoint Residences, Mid Valley Sri Penara, Cheras, Kuala Lumpur Kuala Lumpur Type: Condominium Tenure: Leasehold City, Kuala Lumpur Type: Flat Tenure: Leasehold Type: Office Tenure: Freehold Built-up: 915 sq ft Bedroom: 2 Bathroom: 2 Type: Condominium Tenure: Leasehold Built-up: 650 sq ft Bedroom: 3 Bathroom: 2 Built-up: 4,100 sq ft Built-up: 1,800 sq ft Bedroom: 3 Bathroom: 3

Henry Chin (E1833) Henry Heng (REN 32256) Josephine Tan (REN 05324) Ikhwan Arif (REN 35921) PROPERTY EXPRESS (E (3) 1205) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) CBD PROPERTIES Sdn Bhd (E (1) 1197/12) MAXXAN REALTY SDN BHD (E (1) 1766) +6012 377 8306 +6012 800 4113 +6012 390 9498 +6012 581 9566

RENTED foR

RM3,500 (RM2.83 psf) DONE Office unit in Arcoris Business DEAL Suites, Mont’Kiara, Kuala Lumpur Concluded by: Catherine Wong (REN 23091) of Kith and Kin Realty Sdn Bhd (+6019 663 3377) When: May 2020 RM229,000 RM3,900/mth Sri Ivori Apartment, Ayer Itam, Developed by UEM Sunrise Bhd, tower, not all the office units Kempas, Johor Bahru, Johor Penang Noteworthy Arcoris Business Suites houses come with garden terraces. Type: Industrial land Tenure: Freehold Type: Apartment Tenure: Leasehold Land size: 10,000 sq ft • Built-up: 262 business suites with full- Most of the units are pretty Built-up: 700 sq ft Bedroom: 3 Bathroom: 2 1,233 sq ft fledge infrastructure complete standard with built-up ranging • Freehold with the latest technology from 666 sq ft to 899 sq ft. Only (REN 30486) and security systems. The a handful of the units have (REN 15879) Joyce Cheah • Semi-furnished Ivy Low BIG PLUS PROPERTIES (PENANG) SDN BHD units of various sizes are also garden terrace,” Wong tells GATHER PROPERTIES SDN BHD (E (1) 1536/4) • Comes with a (E (1) 1834/2) +6016 415 4708 built around voids to promote EdgeProp.my +6019 727 3149 garden terrace cross-ventilation and maximum She adds that the landlord • Access to natural light. is an investor who has been swimming pool, According to Kith and Kin renting out this unit since the sauna room, gymnasium Realty real estate negotiator vacant possession in 2017, while room, Catherine Wong, the project is the current tenant is her second. launderette and different from the other office According to EdgeProp BBQ area buildings in Mont’Kiara because Research, there were three • Amenities: it has direct access to facilities units in Arcoris Business Suites Direct access to such as swimming pool, sauna that changed hands in 2019 at Arcoris Plaza’s room and gymnasium room. an average transaction price of retail and dining Meanwhile, the unit where RM1,130 psf or RM1.03 million. outlets, walking she concluded the rental real No transaction was recorded in distance to RM2,650,000 was a unique one as the 869 sq 2020. RM3,610,000 shopping malls, ft office unit comes with a 364 As of mid-September, there commercial Kayangan Heights, Shah Alam, sq ft terrace, providing a total are six units in Arcoris Business Damansara Indah Resort Homes, hub and Selangor space 1,233 sq ft. Suites listed for sale. The average Tropicana, Selangor international Type: Bungalow Tenure: Leasehold “The tenant loves the concept asking price is RM811,066 or Type: Bungalow Tenure: Leasehold Built-up: 6,500 sq ft Land size: 9,852 sq ft schools. Built-up: 7,000 sq ft Land size: 10,000 sq ft of an office with its own garden RM927 psf. Meanwhile, there Bedroom: 6 Bathroom: 7 Bedroom: 7 Bathroom: 7 terrace, which could be used as are 13 units up for rental. The Izzah Rohaizad (REN 10356) an outdoor space or balcony. average asking monthly rental is Jacinta Lee (REN 11916) WEISE INTERNATIONAL PROPERTY CONSULTANTS “In the Arcoris Business Suite RM3,083 or RM3.38 psf. HUTTONS ONEWORLD SDN BHD (E (1) 1286) SDN BHD (VE (1) 0241) +6017 422 2179 +6012 296 1477

RM25,000,000 RM1,450/mth RM4,280,000 RM650,000 Hicom Glenmarie, Subang, Lexa Residence @ The Quartz, Subang Jaya, Selangor Kota Kemuning, Selangor Selangor Wangsa Maju, Kuala Lumpur Type: Factory Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Factory Tenure: NA Type: Condominium Tenure: Freehold Built-up: 6,300 sq ft Land size: 9,740 sq ft Built-up: 2,100 sq ft Land size: 1,650 sq ft Built-up: 29,000 sq ft Land size: 72,000 sq ft Bedroom: 3 Bathroom: 2 Bathroom: 2 Bedroom: 4 Bathroom: 3

Judy Chan (REN 00827) Jack Khor (REN 05436) Jack Wong (REN 34442) Judy Ng (REN 06777) KKLAND PROPERTIES (E (3) 1749) PRIMA PROPERTY AGENCY (E (3) 0241) IQI REALTY SDN BHD (E (1) 1584) HARTAMAS REAL ESTATE (MALAYSIA) SDN BHD +6012 201 9077 +6012 800 6826 +6016 905 9066 (E (1) 1439) +6016 292 2703 EP 18 Friday september 25, 2020

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

RM320,000 RM25,068,000 RM6,200,000 RM1,300,000 Taman Nusari Bayu 3, Seremban, Jalan Puchong Jaya, Puchong, U-Thant Residence, Taman Stonor 3, KLCC, Kuala Lumpur Negeri Sembilan Selangor U-Thant, Kuala Lumpur Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Agricultural land Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 871 sq ft Bedroom: 2 Bathroom: 2 Built-up: 1,650 sq ft Bedroom: 4 Land size: 126,590 sq ft Built-up: 6,800 sq ft Bedroom: 6 Bathroom: 3 Bathroom: 8

Juliaty (REN 03840) James Lee (PEA2496) James LH Ong (REN 03246) Justin Lee (REN 32527) AZMI & CO (ESTATE AGENCY) SDN BHD (E (1) 0553/10) LEADERS REAL ESTATE (E (3) 1204) RVT REALTY (E (3) 1170) FULL HOMES REALTY SDN BHD (E (1) 1501/8) +6019 200 3007 +6010 773 0073 +6014 206 9118 +6016 618 9568

RM658,000 RM1,150,000 RM1,350,000 RM2,937,600 Diamond City, Semenyih, Selangor SS 7, Kelana Jaya, Selangor Twins @ , Pusat Shantung Road, Hilltop Luyang, Type: Cluster house Tenure: Freehold Type: Terraced house Tenure: Freehold Bandar Damansara, Kuala Lumpur Kota Kinabalu, Sabah Built-up: 1,862 sq ft Land size: 1,400 sq ft Built-up: 2,900 sq ft Land size: 3,100 sq ft Type: Condominium Tenure: Freehold Type: Residential land Tenure: Leasehold Bedroom: 4 Bathroom: 3 Bedroom: 4 Bathroom: 3 Built-up: 1,480 sq ft Bedroom: 3 Bathroom: 5 Land size: 18,360 sq ft

Janice Tan (REN 01426) Justin Low (PEA2226) Jennifer Yap (REN 01757) Jenny Wong (REN 31278) VIVAHOMES REALTY SDN BHD (E (1) 1670/9) MAXXAN REALTY SDN BHD (E (1) 1766) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) IQI REALTY SDN BHD (E (1) 1584/9) +6017 555 9588 +6018 969 6878 +6012 324 0238 +6019 881 3803

RM998,000 RM3,600/mth RM6,800,000 RM800,000 Seremban, Negeri Sembilan Aria Luxury Residence, Jalan Tun Taman Taming Jaya, Balakong, Taman Segar Perdana, Cheras, Type: Bungalow Tenure: Freehold Razak, Kuala Lumpur Selangor Selangor Land size: 5,400 sq ft Bedroom: 5 Type: Condominium Tenure: Freehold Type: Factory Tenure: Freehold Type: Terraced house Tenure: Leasehold Bathroom: 4 Built-up: 753 sq ft Bedroom: 1 Bathroom: 1 Built-up: 21,000 sq ft Built-up: 1,800 sq ft Land size: 1,300 sq ft Bedroom: 3 Bathroom: 4

Jenny Wong (REN 17859) K V Chai (REN 16891) Jessica Tung (REN 05827) Jessie Lim (REN 05281) CHESTER PROPERTIES SDN BHD (E (1) 1321/1) ONE WSM PROPERTY SDN BHD (E (1) 1823) PROPNEX REALTY SDN BHD (E (1) 1800) MAXXAN REALTY SDN BHD (E (1) 1766) +6016 333 4080 +6012 934 6860 +6012 381 7783 +6013 340 7162

RM450,000,000 RM738,000 RM799,888 RM 1,590,000 Life Plaza, Jalan Loke Yew, Jaya One Residence, Petaling Jaya, USJ 5, Subang Jaya, Selangor Subang Parkhomes, Subang Jaya, Kuala Lumpur Selangor Type: Terraced house Tenure: Freehold Selangor Type: Commercial complex Type: Condominium Tenure: Leasehold Built-up: 2,000 sq ft Land size: 1,800 sqft Type: Condominium Tenure: Freehold Tenure: Leasehold Built-up: 560,000 sq ft Built-up: 1,051 sq ft Bedroom: 2 Bathroom: 2 Bedroom: 4 Bathroom: 3 Built-up: 2,772 sq ft Bedroom: 5 Land size: 704,915 sq ft Bathroom: 5

Jimmy Ng (REN 02015) Joanne Than (REN 06279) John Oh (REN 07002) Joseph Tan (REN 05029) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452/1) HARTAMAS REAL ESTATE (MALAYSIA) SDN BHD Oriental Real Estate Sdn Bhd (E (1) 1503) THE ROOF REALTY SDN BHD (E (1) 1605/6) +6016 257 0886 (E (1) 1439) +6016 626 8226 +6012 298 6266 +6012 212 3479 EP 19 FRIDAY SEPTEMBER 25, 2020 BANDAR PUNCAK ALAM EdgeProp.my’s #AreaOf TheWeek

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