EP 2 FRIDAY OCTOBER 6, 2017 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Tropicana TRX Residences eyes 1Q18 launch founder’s son Dion Tan is new MD; CEO TRX Residences, the residential com- es will comprise about 900 units, Yau retires ponent of the 17-acre TRX Lifestyle but not all of these units will be Tropicana Corp Bhd has redesignat- Quarter, is aiming to launch its fi rst launched simultaneously, said ed its executive director, 27-year-old homes sometime in the fi rst quarter Lendlease Malaysia residential di- Dion Tan, the son of founder and of next year. rector Eric Chan. largest shareholder Tan Sri Danny The TRX Lifestyle Quarter is part The unit sizes, which may range Tan Chee Sing who has a 30.45% of the 70-acre Tun Razak Exchange from 1-bedroom units of 500 sq ft to stake in the company, as managing (TRX) development which is set to be- 4-bedroom units of 2,000 sq ft, will director eff ective Oct 2. come a world-class fi nancial district be designed to cater for a broader Dion’s eldest brother, Datuk Dick- in Kuala Lumpur. It will encompass swathe of Malaysian property buy- son Tan Yong Long, is Tropicana’s investment Grade A offi ce space un- ers, said Lendlease Malaysia man- deputy group CEO, while another derpinned by world-class residential, aging director Stuart Mendel. brother, Dillon Tan Yong Chin, is an hospitality, retail, leisure and cultur- TRX Residences will comprise six executive director. al off erings. towers of 40 to 57 storeys each that Meanwhile, Tropicana said CEO The fi rst phase of TRX Residenc- will off er a total of 2,400 homes. The Edge Property Sdn Bhd (1091814-P) Datuk Yau Kok Seng will retire on Level 3, Menara KLK, Nov 30 due to health reasons. The No 1 Jalan PJU 7/6, Mutiara 58-year-old Yau has held the posi- (pic). “We are still seeing demand for In a fi ling with Bursa Malaysia on property lending rule, which states Damansara, 47810 Petaling Jaya, Selangor, Malaysia tion since January 2013. He has a premium property products.” Oct 2, Johan Holdings said it has ap- that a bank’s credit facility exposure 0.32% stake in the company. “The market is there, provided that plied to the Sepang Municipal Council in the broad property sector (BPS) EdgeProp.my [the project] is in the right location for a development order for the devel- should not exceed 20% of its total Property market with strong value proposition,” he told opment of about six acres of freehold outstanding loan base. Managing Director/Editor-in-chief reporters on the sidelines of the Khaz- land in Puchong, Selangor. The BPS, which was introduced Au Foong Yee recovery seen by anah Megatrend Forum 2017 on Oct 3. The fi rst phase, said the group, in 1997, aims to avoid over-concen- EDITORIAL 2H18 — UEM Sunrise Describing the current property will be a mixed development com- tration of credit exposures to the Editor Lam Jian Wyn UEM Sunrise Bhd expects Malaysia’s market as “cautious”, Anwar Syahrin prising serviced apartments and property sector. Contributing Editor Sharon Kam Deputy Chief Copy Editor property market, particularly within said this is evident by consumers other commercial properties with a “The guideline, therefore, is still rel- James Chong the premium segment, to recover weighing their options very carefully projected GDV of RM364.4 million. evant in curbing excessive systemic ex- Copy Editor from the second half of next year on before purchasing big-ticket items. posures to the sector, complementing Geraldine Tan Senior Writer Tan Ai Leng improving income growth and better Property lending other existing regulations,” it added. Writers Rachel Chew, Natalie Khoo, mix of real estate products. Johan Holdings to rule from 1997 still The guideline applies to all com- Shawn Ng, Lum Ka Kay “We are hoping embark on mixed mercial, Islamic and investment banks. Art Director Sharon Khoh to see recovery of relevant, says BNM Compliance to this requirement is cal- Design Team development in Nik Edra, Rajita Sivan the property mar- Investment banks (IB) should not culated on a quarterly basis. ket from 2H18,” Puchong take a short-term view on a proper- BNM said banking institutions For New Launches/Events/ said managing Johan Holdings Bhd plans to devel- ty lending guideline, introduced in should be mindful of current prop- Press Releases/News Tips email: [email protected] director Anwar op part of the 27-acre land where the 1997, as it is still relevant today, said erty market conditions and not con- Tel: 03-7721 8211 Fax: 03-7721 8280 Syahrin Abdul Ajib ceramic tile manufacturing plant of Bank Negara Malaysia (BNM). tribute to a situation where there THE EDGE MALAYSIA its former subsidiary Prestige Ce- The central bank was responding is a mismatch between supply and ADVERTISING & MARKETING ramics Sdn Bhd is located. to calls from the IBs to abolish the demand. Associate Account Director, Advertising & Marketing Heidee Ahmad (019) 388 1880 trending Senior Account Managers How do I get past issues of this weekly pullout? Cecilia Too (012) 319 7666 now Go to www.EdgeProp.my to download for free Ian Leong (012) 359 1668 Account Managers Jason Jaafar (010) 805 4841 Jeffrey Yeoh (016) 217 9227 If you have any real estate-related events, email us at [email protected]. Marketing Support & Ad Trafˎ c LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. Madeline Tan (03) 7721 8218 email: [email protected] Bandar Seri Coalfi elds, Sungai NEGOTIATOR & CUSTOMER ADVISORY SERVICE Buloh. This will be a guarded Senior Manager Elizabeth Lay community with superlink Senior Associate Stannly Tan homes and semidee villas. Associate Karen Wong For enquiries and listings Seri Pajam’s Move in Now email: [email protected] expo GL: (03) 7721 8175/ 8172 Bon Estates Mid-Autumn Date: Oct 8 (Sun) Showcase of The Orchard Metropark Fitness Fest PR Time: Date: EdgeProp.my pullout is published Festival Fiesta 10am to 6pm Quarter at Colindale Oct 14 and 15 (Sat and Sun) Dat by The Edge Property Sdn Bhd. It is Date: Oct 7 (Sat) Venue: Nada Alam Sales Gallery, Gardens Time: 8am to 6pm Tim available with The Edge Financial Time: 12pm to 6pm Kampung Baru Sungai Mahang, Date: Oct 7 and 8 (Sat and Sun) Venue: Tropicana Metropark, 1, Ven Daily every Friday. The pullout Venue: Time: is also distributed at more than Bon Estates Gallery, Mantin, Negeri Sembilan 11am to 7pm Jalan Delima 1/1, Subang Hi-tech Pek 200 ofˎ ces, shopping complexes, 57, Jalan Penaga, Taman Contact: (06) 799 7228 Venue: JW Marriot Kuala Lumpur, Industrial Park, Subang Jaya Con condos, medical centres, F&B outlets Bandaraya, Kuala Lumpur Seri Pajam Development 183, Bukit Bintang Street, Bukit Contact: (03) 5036 2088 and LRT stations in the Klang Valley. Contact: Per You can also download it for free at (012) 466 6683 Sdn Bhd will be introducing Bintang, Kuala Lumpur Tropicana Corp Bhd invites Contact: PR www.EdgeProp.my Bon Estates Sdn Bhd invites “Zero Hassle Package” to (012) 760 6388 the public to Tropicana Inte the public to celebrate the interested purchasers at its Hartamas Real Estate (M) Sdn Metropark for a day fi lled pre Mid-Autumn Festival together Move in Now expo. Light Bhd is introducing the latest with fun and fi tness activities. (ref Th e Edge Malaysia and enjoy activities such as refreshments will be provided. release at apartment development Registration needed. artistic sand art and mystical Colindale Gardens in London Publisher and Group CEO tea leaf reading while indulging IJM Land Mid-Autumn known as The Orchard Quarter. Malaysian Property Expo Ho Kay Tat in delectable desserts. Festival celebration 2017 EDITORIAL Date: Oct 7 (Sat) Launch of Royal Warwick Date: Oct 13 to 15 (Fri to Sun) Editor-in-Chief Azam Aris Hemingway Residences Time: 6pm to 10pm Square Kensington Time: 10am to 9pm CORPORATE @ North Haven Coalˎ elds Venue: Date: Venue: Chief Operating Ofˎ cer The ARC @ Bandar Oct 7 and 8 (Sat and Sun) Mid Valley Exhibition Lim Shiew Yuin ofˎ cial launch and Mid- Rimbayu, 1, Jalan Flora 3, Telok Time: 11am to 6pm and Convention Centre, 75, ADVERTISING & MARKETING Autumn celebration Panglima Garang, Selangor Venue: Mandarin Oriental Lingkaran Syed Putra, Mid Chief Commercial Ofˎ cer Date: Contact: Sharon Teh (012) 313 9056 Oct 7 (Sat) (017) 964 0828 Kuala Lumpur, Kuala Lumpur Valley City, Kuala Lumpur General Manager Time: 10am to 6pm Experience the Mid-Autumn City Centre, Kuala Lumpur Contact: (03) 7803 2978 Kingston Low (012) 278 5540 Venue: North Haven Coalfi elds Festival in fi ve diff erent Contact: (012) 304 6887 Organised by the Real Estate Senior Sales Managers Property Gallery, 58, Jalan BSC countries (including Japan, JLL Property Services (M) and Housing Developers’ Fong Lai Kuan (012) 386 2831 Gregory Thu (012) 376 0614 2B/2, Presint 2, Bandar Seri Vietnam and Korea) at Bandar Sdn Bhd will be unveiling Association Malaysia, the Kamalesan Parama (012) 394 4855 Coalfi elds, Sungai Buloh, Selangor Rimbayu with a giant dragon the Royal Warwick Square property expo will showcase Michael Tan (012) 213 0252 Contact: (013) 673 3030 lantern and fun games such development in Kensington, UK a wide variety of property Creative Marketing Chris Wong (016) 687 6577 KLK Land Sdn Bhd will be as goldfi sh scooping, photo- to interested Malaysian buyers developments for homebuyers. Head of Marketing Support launching the fi rst phase of its taking in traditional costumes who are looking at overseas Property talks will also be & Ad Trafˎ c North Haven development in and light refreshments.