Voted No.1 Property Magazine 2010/11/12/13 by A+M Magazine The One Destination in Life That Truly Matters Pick of the Month Shah Alam and Klang: Cocooning Into Something New TheThe TraxTrax @@ ChanChan SowSow LinLin MCI (P) 139/08/2013 KDN PPP 13313368/04/22013 013((032224)032224) ISSN 1823-8726 9 771823 872006 07 The Andes @ Bukit Jalil by Villamas Sdn Bhd IssueIssue 113113 || JulyJuly 20142014 || RM8.00,RM8.00, S$8.00S$8.00 faSeri Alam iProperty MagAd_ol copy.pdf 1 17/06/14 12:16 PM C M Y CM MY CY CMY K EDITOR ROSHAN KAUR SANDHU CEO’S FOREWORD WRITERS ONG XIN YING BRANAVAN ARULJOTHI HEAD OF CREATIVES ANGELINE LIM GRAPHIC DESIGNERS JASON KWONG WING WONG CAMPAIGN SPECIALIST NURULHIDAYAH ABD RAHMAN MAGAZINE COORDINATOR NUR ALIA AHAMD TAMEZI GENERAL MANAGER OF SALES BOBBY TAN DEVELOPER SALES MANAGER HOW YONG KIEN SOON HEAD OF MEDIA SALES JENN ADAMS HEAD OF iPROPERTY TV COREY WEEKES AGENT SALES MANAGER LEON KONG CUSTOMER MARKETING MANAGER ANGELA SARGUNAN CONSUMER MARKETING MANAGER Forging Ahead LYDIA CHEW HEAD OF DEVELOPER MARKETING It’s been nearly three months since I moved here and I have to say that there is TJ CHEAH plenty to love about Malaysia. The fasting month started not too long ago and I am intrigued by the long line of street-side stalls set-up in various locations across MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER the country offering a sumptuous array of local delicacies. Malaysia is truly a food GEORG CHMIEL haven. CHIEF FINANCIAL OFFICER ROBERT GOSS On the home front, there are lots of interesting things happening at iProperty.com CHIEF INFORMATION OFFICER Malaysia. HARMIT SINGH GENERAL MANAGER, BUSINESS OPERATIONS We have just concluded our sixth iProperty.com Asia Property Market Sentiment LOH-LIM SHEN YI Survey and are now in the midst of compiling the results. Thank you for sharing your thoughts with us. Do stay tuned to find out the results in our next issue. And if you haven’t already viewed the videos on iProperty.tv, do check them out. iProperty.com Malaysia Sdn Bhd (600850-K) 45-6 The Boulevard, Mid Valley City, With iProperty.tv, property buyers and investors are given the best platform to Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia. know more about the latest developments in town without having to leave their Phone: (603) 2264 6888 | Fax: (603) 2264 6900 homes. Sales enquiries: [email protected] Editorial matters: [email protected] General enquiries: [email protected] In this issue, our pick of the month is the ever-booming Shah Alam and Klang. Subscription: [email protected] Read more about them on pages 66 and 67. iProperty.com Malaysia Sdn Bhd ( Johor) G-18, Jalan Seri Austin 1/1, Taman Seri Austin, 81100 Johor Bahru. Happy reading and to all our Muslim readers, we would like to take this opportunity to wish you a happy and Holy Fasting Month! iProperty.com Malaysia Sdn Bhd (Penang) Bay Avenue D-25-3, Lorong Bayan Indah 2 Bayan Lepas, 11900 Penang iProperty.com Magazine is published monthly by iProperty.com Malaysia Sdn Bhd 45-6 The Boulevard, Mid Valley City, Lingkaran Syed Putra 59200, Kuala Lumpur, Malaysia. Disclaimer Although every reasonable care has been taken to ensure the accuracy of the information contained in this publication, neither the publisher, editor nor their employees and agents can be held liable for any errors, inaccuracies and/or omissions, Georg Chmiel howsoever. We shall not be responsible for any loss or damage, whether direct or indirect, incidental or consequential Managing Director and Chief Executive Officer arising from or in connection with the contents of this The iProperty Group publication and shall not accept any liability in relation thereto. 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Distributor MPH Distributors Sdn Bhd CONTENTS July 2014 4 CEO’S FOREWORD Let’s Talk 10 HAPPENINGS 30 COUNTRY GARDEN PROPERTIES (MALAYSIA) SDN BHD 14 PROPERTY BUZZ Iskandar Malaysia’s 5-star jewel New Johor bill: What you need to know 34 iKHASAS SDN BHD Developing with the consumer in mind Cover Story 16 THE ANDES 36 WB LAND SDN BHD The one destination in life that truly matters A secure and green home for industries 38 CREATIVITY CORNER Featured Property Dancing with the elements 20 SHAFTSBURY AVENUE @ PUTRAJAYA 40 GAVEL GAZING A wholesome life experience at Transfers between family members: Stamp duty Shaftsbury Avenue @ Putrajaya and Real Property Gains Tax exposure 24 SETIA ECOHILL On top of the world 28 SURIA HILLS The pinnacle of luxury 16 24 28 30 36 6 | CONTENTS July 2014 64 INSIDE SCOOP Property Investment Data Nature’s capital city 42 LOANSTREET KLIBOR home loans explained 66 PICK OF THE MONTH Shah Alam and Klang: 44 HSR RESEARCH Cocooning into something new Flattish QoQ All House Price Index 68 EXPERT’S VIEW Shah Alam and Klang: An unexpected growth spurt Buyers Club: The Trax @ Chan Sow Lin Contributors 50 BANDAR MALAYSIA: THE GATEWAY 72 OREGEON PROPERTY CONSULTANCY TO KUALA LUMPUR’S FUTURE A look at Shah Alam (Sections 1 to 14) 52 THE CHARTERED RESURGENCE 76 THE NATIONAL HOUSE OF CHAN SOW LIN BUYERS ASSOCIATION Subsidiary management corporations: A panacea? 54 BANDAR MALAYSIA AND CHAN SOW LIN: LANDMARKS OF KUALA LUMPUR’S 80 ACESCUBE TRANSFORMATION Are you home loan-ready? 56 PLAYING CATCH-UP WITH THE NEIGHBOURS 82 CHAN AI CHENG A flurry of investment opportunities 58 THE TRAX @ CHAN SOW LIN: AN URBAN METAMORPHOSIS 84 DATO’ JOEY YAP Understanding Feng Shui audits 60 A TALE OF TWO CITIES: THE MALAYSIA– SINGAPORE CONNECTION 94 AGENCY DIRECTORY 62 TABLE TALK 95 CLASSIFIEDS Sustainability: A fancy label? 112 SUBSCRIPTION 50 58 8 | HAPPENINGS LBS Expanding to Kuantan with Sinaran Mahkota LBS Bina Group Berhad expects Sinaran Mahkota, its latest mixed commercial and residential development in Kuantan, to receive a positive response from buyers and investors as the project will be able to tap into the spill- over benefits of the city’s economic growth. Sinaran Mahkota is an innovative fusion of commercial and residential spaces located within Bandar Indera Mahkota, a vibrant self-contained township with mature residential areas. The development’s commercial component is a mixed-use commercial town centre which stands out by introducing a potential street life Mondrian concept. These spacious commercial units, element reflected in its streetscapes and landscapes. which each have a view overlooking a lake, aim to fulfil Another unique selling point of the project is its easy the retail needs of its residents. access to highways, industrial parks and various modern amenities such as banks, hospitals and commercial The development’s second phase includes proposed outlets. serviced apartments which offer a unique and convenient living experience and are an ideal option for students Phase One of Sinaran Mahkota comprises 121 units of given its strategic location opposite the International two- and three-storey shop offices designed in a modern Islamic University Malaysia. Epic Suites at Bukit Puchong Receives Positive Response Investors and home buyers on the look-out for attractive freehold property within the Greater Kuala Lumpur area made a beeline for Bukit Hitam Development Sdn Bhd’s Epic Suites at Bukit Puchong recently to snatch up remaining units of the 21-storey serviced apartments at the sales launch. At the end of the day, over 90% of the units were sold. Set on 2.3 acres of prime, freehold land amidst retail and commercial developments, Epic Suites comprises a two-block, 21-storey serviced apartment consisting of nine different designs with built-up areas ranging from 624 sq ft to 2,475 sq ft. The as a sports complex and Taylor’s project’s gross development value International School which covers will be approximately RM180 million pre-school up to secondary school. when it is completed in 2017. Bukit Puchong, which is Bukit Hitam The area’s current population of Development’s flagship development, 25,000 residents which is expected is a 1,290 acre township comprising to increase to 60,000 in five years a well-balanced mix of private will be able to look forward to other residential, commercial and industrial upcoming developments such properties as well as public facilities. 10 | Mah Sing’s Avens Residence at Southville City@KL South Opens for Registration Mah Sing Group Berhad previewed Southville City@KL South’s Phase Two, Avens Residence which comprises 196 limited edition 21/2-storey and 3-storey link homes to great success. The only link home precinct in the master development, it offers 112 21/2-storey link homes which have measurements of 22’ x 75’ and built-up sizes of 2,988 sq ft as well as 84 3-storey link homes which also measure 22’ x 75’ and have built-up sizes of 3,438 sq ft. During the preview, Mah Sing opened 80 units out of 112 units of Avens Residence’s 21/2-storey link homes for pre-selection pending its official launch. Interest in the project has been encouraging as 80% of the units which are worth approximately RM61 million were taken up by the end of the preview.