TEP 2 FRIDAY SEPTEMBER 2, 2016 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from TheEdgeProperty.com KLK Land inks There is a 4% early-bird discount MoU with Wesley Setia Alam’s Opacus and Albida terraced homes until Sept 16, she added. 85% taken up over weekend launch The 12.86-acre Harmoni Apart- Methodist School ment has a gross development value KLK Land, the property arm of Kuala S P Setia Bhd’s new launches of (GDV) of RM108 million with the fi rst The Edge Property Lumpur Kepong Bhd, has signed double-storey terraced homes in phase to be completed by early 2019. a memorandum of understanding Precinct 17, Setia Alam have received The freehold project comprises 352 Malaysia (MoU) with Wesley Methodist School 85% take-up at its Aug 27 and 28 units of 3-bedroom and 2-bathroom (WMS) for the building and running weekend launch. Prior to the launch, apartments with a built-up size of of a private school at its Bandar Seri prospective buyers were seen lining 900 sq ft. Each unit comes with Coalfi elds (BSC) township. up outside Setia Alam Welcome two parking bays. Prices start from Phase one of the development Centre since Wednesday. RM307,000. will see the setting up of a kinder- The two new launches, Opacus garten and primary school while and Albida, off er a total of 235 units. Uncertain outlook the proposed phase two will see the The freehold houses are located at for Penang real development of a secondary school the northern section of Setia Alam. that the remaining units will sell Publisher and Group CEO with international syllabus. Opacus has built-ups from 1,708 sq ft out very soon, despite the recent estate market, says Ho Kay Tat The group noted that the MoU is while Albida’s built-ups are from 1,956 market slowdown. Henry Butcher a demonstration of its commitment sq ft. Prices start from RM578,000 for Construction for both Opacus The real estate market outlook for to the BSC township community and Opacus and RM638,000 for Albida. and Albida will commence in Sep- Penang till the end of this year seems part of its eff orts in building the fu- Bandar Setia Alam general man- tember 2016 with targeted delivery rather uncertain due to weak market ture generation of young leaders ager Tan Siow Chung is confi dent by September 2018. sentiments in both the primary and who can contribute to the advance- secondary markets which are ex- The Edge Property Sdn Bhd (1091814-P) ment of Malaysia. pected to lead to poorer performance Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 RM270,000, for their serviced apart- saw some 90% of 150 units booked this year, according to Henry Butcher Petaling Jaya, Selangor, Malaysia Developers’ duty to ment, SoHo and SoVo projects, Iskan- by the end of its fi rst day of launch Malaysia (Penang) Sdn Bhd. build aff ordable units dar wrote in a statement on Tuesday, on Aug 28. In its “Penang real estate market: which was uploaded on his Facebook. Divisional general manager Evon Opportunities despite weak senti- Th eEdgeProperty.com in Selangor soon Currently, most of the units Yap Yoke Ching told TheEdgeProp- ments” research report for 2Q2016, Managing Director/Editor-in-Chief Property developers will be required in these projects are priced at erty.com that many of the buyers the property consultancy expects Au Foong Yee to build aff ordable units for serviced RM450,000 and above. were fi rst-time homebuyers as well the volume of transactions to de- EDITORIAL apartments, small offi ce/home offi c- The sale of the aff ordable units as parents buying for their children. cline further from last year. Editor Lam Jian Wyn es (SoHos) and small offi ce/virtual will be under the control of the Se- In 2015, the total volume of Contributing Editor Sharon Kam offices (SoVos) in Selangor under langor Housing and Property Board transactions saw a dip of about Deputy Chief Copy Editor James Chong the state’s new blueprint for housing (LPHS). Homebuyers in the state will 4,000 transactions compared with Senior Copy Editor developments, which is expected to need to register with LPHS for the 25,555 units recorded in 2014. The Shanthi Murugiah be unveiled soon. purchase of the aff ordable units. residential market was the most Writers Rachel Chew, Tan Ai Leng, According to Selangor Exco for active sub-sector in 2015, capturing Natalie Khoo, Shawn Ng, Lum Ka Kay Art Director Sharon Khoh Housing, Building Management and First phase of 71% of the total volume. Design Team Nik Edra, Urban Settlement Datuk Iskandar The volume of residential trans- Nurul Aida Mohd Noor Harmoni Apartment Abdul Samad, the new blueprint will 90% booked on actions in 2015 saw a drop of 16% For New Launches/Events/ require property developers in Sel- from the previous year. Press Releases/News Tips angor to build 10% to 20% units that launch day email: [email protected] are priced between RM230,000 and Eco World Development Group Bhd’s Tel: 03-7721 8211 Fax: 03-7721 8280 How do I get past issues of this weekly pullout? Email: [email protected] (EcoWorld) Harmoni Apartment at Eco Majestic, Semenyih, Selangor Go TheEdgeProperty.com ADVERTISING & MARKETING trending to download for free Head of Marketing and Sales Sharon Chew (012) 316 5628 Senior Account Manager now Jayne Law (016) 929 3309 Account Managers Jayremy Sim (011) 1669 6039 If you have any real estate-related events, email us at [email protected]. Jocelyn Poo (012) 611 5626 LAUNCHES + EVENTS Marketing Support & Ad Traffi c Events listed here will also appear on TheEdgeProperty.com. Madeline Tan (03) 7721 8218 email: [email protected] Email : [email protected] In conjunction with the WCT’s The Waltz Residences @ Exhibition Centre (SPICE), NEGOTIATOR ADVISORY SERVICE National Day and Malaysia Day Paradigm Garden City launch Jalan Tun Dr Awang, Bayan Senior Manager Elizabeth Lay celebrations, Mah Sing Group Date: Sept 3 (Sat) Lepas, Pulau Pinang Senior Associate Stannly Tan Associate Karen Wong Bhd is hosting a “Warna-Warni Time: 10am to 6pm Contact: (04) 641 2255 Malaysia” carnival. The event aims Venue: WCT Sales Gallery, / (012) 233 5273 For enquiries and listings to re-introduce the wonderful Lot PT 15210, Jalan Awana S P Setia Bhd is organising a email: [email protected] GL: (03) 7721 8175/ 8172 childhood memories Malaysians Besar, OUG, Kuala Lumpur Furry Friends Fun Fest, off ering Email: [email protected] had in the 80s and 90s to the Contact: (03) 7971 8333 opportunities for guests to younger generations. There will WCT Holdings Bhd is launching spend some time with their Mid-Autumn Celebration and be snacks, nostalgic games, the Waltz Residences, a freehold furry friends. Besides dog shows TheEdgeProperty.com pullout is launch of fi nal release of 28 published by The Edge Property Sdn activities and local delicacies luxury condominium in OUG, KL. and a pet adoption campaign, Bhd. It is available with The Edge BLVD @ Pandan Perdana from the 80s and 90s for guests. Unit built-ups are from 948 sq ft guests can check out S P Setia’s Financial Daily every Friday. The Date: Sept 3 (Sat) latest projects for sale. pullout is also distributed at more Gracia Fiesta @ Radia Sales than 200 offi ces, shopping complexes, Time: 10am to 7pm condos, medical centres, F&B outlets Venue: 28 BLVD Sales Gallery, Gallery Special Preview of and LRT stations in the Klang Valley. 28, Jalan Perdana 3/10, Pandan Date: Sept 3 and 4 (Sat and Sun) Kalista Park Homes @ You can also download it for free at Perdana, Kuala Lumpur Time: Saturday (10am to 11pm); Bukit Rahman Putra www.TheEdgeProperty.com Contact: (03) 2161 2345 Sunday (10am to 5pm) Date: Aug 29 to Oct 28 Beverly Group Sdn Bhd is Venue: Radia Sales Gallery, Time: 10am to 5pm Th e Edge Malaysia organising a mid-autumn festival No 2A (Lot 64406), Persiaran Venue: Kelab Rahman EDITORIAL celebration in conjunction with Tebar Layar Seksyen U8, Bukit to 1,691 sq ft. The Mid-Autumn Putra Malaysia, Jalan BRP Editor-in-Chief Azam Aris the launch of its 28 BLVD @ Jelutong, Shah Alam, Selangor Festival will also be celebrated 2/1, Bukit Rahman Putra, CORPORATE Pandan Perdana (fi nal release) Contact: (03) 7859 9801 at the launch event with some Sungai Buloh, Selangor Chief Operating Offi cer Lim Shiew Yuin serviced apartment project. In conjunction with the launch of children’s activities, Wheel of Contact: (03) 2718 2771 ADVERTISING & MARKETING Chief Commercial Offi cer the new residential block Radia Fortune, mooncake tasting and Malaysian Resources Corp Bhd’s Sharon Teh (012) 313 9056 Mah Sing’s Warna-Warni Residences, UEM Sunrise Bhd mooncake making demonstrations. (MRCB) Kalista Park Homes @ General Manager Malaysia is organising a Gracia Fiesta at Bukit Rahman Putra is open for Kingston Low (012) 278 5540 S P Setia’s Furry Friends Senior Sales Managers Date: Aug 25 to Sept 18 the Radia Sales Gallery in Bukit a special preview. The project Fong Lai Kuan (012) 386 2831 Time: 11am to 9pm Jelutong. There will be exciting Fun Fest is a collection of freehold Gregory Thu (012) 376 0614 Venue: Star Avenue Lifestyle activities such as buskers’ Date: Sept 3 (Sat) semi-detached and superlink Michael Tan (012) 213 0252 Peter Hoe (019) 221 5351 Mall, No 3, Jalan Zuhal U5/177, performances, KL stompers Time: 5pm to 9pm homes designed for a luxurious Creative Marketing Bandar Pinggiran Subang, performance, caricature drawing, Venue: Setia Welcome lifestyle that revolves around Chris Wong (016) 687 6577 Shah Alam, Selangor zorb ball playland, a giant chess Centre, Subterranean Penang family togetherness.