A PULLOUT EVERY FRIDAY WITH FRIDAY, NOVEMBER 8, 2019 . ISSUE 3005/2019 . PP19055/06/2016(034530) PRINT + DIGITAL EP EP EP 11 available 04NEWS FEATURE10 HOME online + offline IDEAS Missed our Sim Leisure Group past issues? eyes China and Nippon Paint Click or tap Asean region for How high-density launches Trend here to visit our theme park business homes can offer Beyond Colours digital archive! expansion quality living for 2020/21 www.EdgeProp.my PERAK Taiping Beruas W E S WCE Ayer Tawar T C O Kampung Gajah A growth S T E X Teluk Intan P R areas E S S The West Coast Expressway, Sabak Bernam W A which is currently under Y construction, will potentially Kuala Selangor SELANGOR boost the development of S certain areas along the highway. tr a See Pages 8 and 9. it s Klang o f M a Subscribe l a NORTH-SOUTH to pullout c ca EXPRESSWAY for FREE! Banting EP 2 FRIDAY NOVEMBER 8, 2019 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Sarawak Assembly YNH to launch passes Strata Menara Weld and The Weld Genting project (Subsidiary Titles) YNH Property Bhd has told The Bill 2019 Shopping Centre up for sale Edge Financial Daily that it is fi - The Strata (Subsidiary Titles) Bill nally moving ahead with the de- 2019 was passed by the Sarawak velopment of its parcel of land atop State Legislative Assembly on Nov Genting Highlands, next to Resorts 4. The bill, which has been intro- World Genting. It had bought the duced to replace the Strata Titles land in 2008 for RM16.05 million. Ordinance 1995 (Chapter 18), allows YNH general manager James residents to manage, maintain and Ngio said the project is set to be regulate the conduct of each stra- launched in 2020 featuring three ta owner through a management blocks of serviced apartments corporation. worth RM700 million in GDV. Also passed was the Strata Man- “We are going to [fi rst] develop agement Bill 2019 that regulates fi ve acres of the 100-acre land. It The Edge Property Sdn Bhd (1091814-P) the management and maintenance is going to be mostly residential, Level 3, Menara KLK, of strata building, making it man- and our target market will be in- No. 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, datory for owners to pay monthly vestors and [those seeking] holiday Selangor, Malaysia maintenance charges for routine homes,” Ngio said. maintenance of the common facili- ties, and not less than 10% of such EdgeProp.my RPGT collection monthly charges shall be put aside for properties Managing Director/Editor-in-chief as sinking fund for major repairs/ Au Foong Yee replacement and repainting works. Great Eastern Life Assurance (M) off er 400,000 sq ft in net lettable disposed after 5 EDITORIAL Deputy Chief Minister Datuk Bhd, a unit of Singapore-listed area (NLA), sits on a 68,932 sq ft years hit RM81.5m Executive Editor Sharon Kam Amar Awang Tengah Ali Hasan Great Eastern Holdings Ltd, is land. The building has four lev- The government collected RM81.52 Assistant Editor Tan Ai Leng Deputy Chief Copy Editor noted that as at Oct 31, 2019, there calling for bids for the Menara els of basement parking and 445 million in real property gains tax James Chong were 280 strata projects comprising Weld offi ce building and The Weld car park bays. The offi ce’s NLA is (RPGT) in the fi rst eight months of Copy Editor 18,323 strata titles in Sarawak. Shopping Centre located at the 269,953 sq ft. this year from the disposal of prop- Arion Yeow Senior Writer corner of Jalan Raja Chulan and The closing date for the tender erties held for more than fi ve years, Rachel Chew Jalan P Ramlee, Kuala Lumpur. is Dec 4, 2019. which involved 8,554 transactions. Writers Get BREAKING This raised the total RPGT col- Natalie Khoo, Shawn Ng, PROPERTY The insurer has set a reserve price Great Eastern bought The Weld Chin Wai Lun, Chelsey Poh of RM270 million for both assets. from Cycle & Carriage Malaysia in lected as of August 2019 to RM1.1 Art Director Sharon Khoh NEWS delivered Senior Designer Jun Kit to you daily via The landmark building com- 2003 for RM150 million, before up- billion, which was a good perfor- Designer Rajita Sivan WhatsApp! prises a 26-storey office tower grading it for an estimated RM15 mance, said Deputy Finance Minis- For New Launches/Events/ and an adjoining six-storey retail million. ter Datuk Amiruddin Hamzah. Press Releases/News Tips TO SUBSCRIBE mall. At a reserve price of RM270 The retail component once Amiruddin was replying to a email: [email protected] million, the deal works out to comprised the Weld Supermarket, query by Datuk Seri Dr Wee Ka Tel: (03) 7721 8211 Fax: (03) 7721 8280 1. Add +6018 290 2116 to your contact RM675 psf for the commercial which is said to be the city’s fi rst Siong (MCA-Ayer Hitam) in the ADVERTISING & MARKETING list as EdgeProp space. supermarket. Built in the 1960s, Dewan Rakyat On Nov 4. Associate Account Director, Advertising & Marketing News. Or scan An advertisement that appeared the supermarket was demolished Eff ective Jan 1 this year, individu- Heidee Ahmad (019) 388 1880 this QR code. in early-November for the assets and replaced with the current The al citizens and permanent residents Senior Account Manager Ian Leong (012) 359 1668 2. Send us a WhatsApp with states that the sale of the building Weld Shopping Centre in the late have to pay tax on chargeable gains Cecilia Too (012) 319 7666 "NEWS" and your full is being conducted through a ten- 1980s. The offi ce tower was subse- from properties and shares disposed Account Manager name in the message. der exercise. The buildings, which quently added in 1994. after the fi fth year of ownership. Pri- Joane Tan (012) 377 2885 or to that, no RPGT was imposed. Marketing Support & Ad Trafˎ c Madeline Tan (03) 7721 8218 email: [email protected] trending How do I get past issues of this weekly pullout? BUSINESS DEVELOPMENT Manager Go to www.EdgeProp.my to download for free Nimalen Parimalam (014) 324 3193 now AGENCY SALES Sales Manager Stannly Tan (012) 538 1687 If you have any real estate-related events, email us at [email protected]. LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. PRODUCT DEVELOPMENT & CUSTOMER ADVISORY Senior Manager Elizabeth Lay (012) 512 1687 EdgeProp.my / KS06, Bandar Bukit Tinggi Enjoying Gatsby Moment food and snacks, and face Associate Fireside Chat on 1, Klang, Selangor. Date: Nov 10 (Sun) and henna painting. Come Omar Nawawi (012) 537 1687 Contact: (03) 3162 3322 Time: 11am to 5pm dressed for the occassion as Nazrin Hakimin (017) 368 6061 Strata Management Enjoy a memorable family Venue: 8th & Stellar Sales shopping vouchers will be given For enquiries and listings Act 2013 review: fun time at the Happy Land Gallery, No. 2 Jalan 1/127, away to the best dressed. email: [email protected] Tel: (03) 7733 9000 When? FULLY event at S P Setia’s TRIO Sales Off Jalan Kuchai Lama, BOOKED! Galleria. Take part in exciting Kuala Lumpur Alam Impian Fun Run & EdgeProp.my pullout is published Date: Nov 14 (Thurs) Fun Fair game booths, Giant Contact: (03) 7984 7878 Inː atable Challenge 2019 by The Edge Property Sdn Bhd. It is Time: available with The Edge Financial 10am to 12pm Family bonding games, and Organised by Chin Hin Property Date: Nov 17 (Sun) Venue: Daily every Friday. The pullout Wisma Rehda, the Adventure Bumper Blast. Development, there will also be a (registration closes Nov 10) is also distributed at more than No. 2, Jalan SS 5D/6, SS 5, 200 ofˎ ces, shopping complexes, special appearance by JC Chee, a Time: 7am to 12pm condos, medical centres and F&B Petaling Jaya, Selangor main cast in the OLA BOLA movie Venue: Alam Impian Welcome outlets in the Klang Valley. You can Contact: (03) 7721 8000 (ext 2015) also download it for free at and ambassador of Black Dragon Centre, No. 1, Jalan Panglima www.EdgeProp.my Key industry players including bubble tea who will share a demo Hitam 35/26, Alam Impian, developers and building and on milk tea-making and give out Seksyen 35, Shah Alam, Selangor Th e Edge Malaysia facility management experts free drinks. Lucky draw prizes, Contact: (03) 5162 7600 will be sharing their views on including a trip to Santorini, Try getting pass 100m of Publisher and Group CEO strata management issues Ho Kay Tat will also be up for grabs. infl atable obstacles at the and challenges, and why Find Your Best Fit 3km fun run in Alam Impian EDITORIAL there is an urgent need for Date: Nov 9 & 10 (Sat & Sun) Be The Light Deepavali and win exciting prizes. Editor-in-chief Azam Aris an amendment to the Strata Time: 10am to 6pm celebration Online pre-registration is CORPORATE Management Act 2013. Pre- Chief Operating Ofˎ cer Venue: Emerald 9 Sales Gallery, Date: Nov 10 (Sun) needed and a fee is required. Lim Shiew Yuin registration is required. Walk- Taman Cuepacs, Cheras, Selangor Time: 4pm to 8pm Registration closes on Nov 10. ADVERTISING & MARKETING ins will not be accepted. Chief Commercial Ofˎ cer Contact: (1300) 22 0099 Venue: The ARC, Bandar Sharon Teh (012) 313 9056 You are not alone on 11.11 Rimbayu by IJM Land, Telok General Manager Single’s Day. Come eat, play Panglima Garang, Selangor Fong Lai Kuan (012) 386 2831 Happy Land at TRIO and fi nd your BEST fi t at the Contact: (1800) 22 8686 Senior Sales Manager Gregory Thu (012) 376 0614 Sales Galleria fun two-day event organsied Join the Deepavali celebration at Head of Marketing Date: Nov 9 (Sat) by GuocoLand (Malaysia) Bhd.