EP J2 FRIDAY OCTOBER 19, 2018 • THEEDGE FINANCIAL DAILY ENDORSED BY AWARDS OBJECTIVE Promote sustainable real estate in Malaysia through recognition of: • Malaysia's best property management practices • Property in Malaysia designed and built for sustainability MINISTRY OF HOUSING AND LOCAL GOVERNMENT NOW OPEN FOR ENTRIES ( NO FEES REQUIRED) • All Residential, Office, Mixed Development, Specialised and Retail properties managed in-house/by property building managers • Strata and Non-strata buildings ALSO OPEN FOR SUBMISSION ( NO FEES REQUIRED) • EdgeProp Malaysia's Responsible Developer: Building Sustainable Development Award • EdgeProp-ILAM Malaysia's Sustainable Landscape Award HOW TO ENTER Download entry forms on go.edgeprop.my/awards2019 For enquiries, contact EdgeProp.my Marketing ENTER and Communications at: • 603-7721 8289 or NOW! • email [email protected] SUBMISSION DEADLINE All entries must reach The Edge Property Sdn Bhd, Level 3, Menara KLK, No. 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor by 5pm, Monday, 14 January 2019 Awards results audited by Deloitte PRESENTED BY | PARTNER | SUPPORTED BY | EP 2 FRIDAY OCTOBER 19, 2018 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Branded residences in KL record 69% The government may revive the Johor ‘crooked bridge’ project which was mooted by Prime Min- Putrajaya may price premium ister Tun Dr Mahathir Mohamad before his fi rst Branded residences in Kuala retirement as the country’s premier in 2003. revive Johor ‘crooked Lumpur recorded a premium of Speaking to reporters at the Parliament lobby 69% against non-branded luxury on Oct 16, Johor Menteri Besar Datuk Osman bridge’ project residences last year. This was the Sapian said Dr Mahathir had in a meeting with the second-highest price premium seen state government last month, indicated there is among Asian cities, according to “no problem” in building the crooked bridge, and Knight Frank’s Branded Residences the third bridge linking Johor and Singapore. Report: 2019. “This is what Tun wants, crooked bridge will The highest premium seen in only reach half of the Causeway Link; we won’t 2017 was in Bangkok, at 132% above touch the Singapore part,” said Osman. non-branded luxury residences, In response, Economic Affairs Minister Datuk followed by Kuala Lumpur at 69%, Seri Mohamed Azmin Ali said Malaysia needs to pri- Manila at 36% and Phuket at 8%. oritise its infrastructure projects, due to the country’s Branded residences are attract- fi scal situation. ing signifi cant premiums in Asian “Once we receive the proposal (from the state The Edge Property Sdn Bhd (1091814-P) cities driven primarily by location government), the ministry will look into this mat- Level 3, Menara KLK, and can vary within the same city, ter and see whether we have the capacity at this No 1 Jalan PJU 7/6, Mutiara stated the real estate consultancy point of time to continue with the project, or may- Damansara, 47810 Petaling Jaya, Selangor, Malaysia in a press release on Oct 16. be we can consider when the situation is much bet- Knight Frank Malaysia head ter for us,” Mohamed Azmin said, adding that the EdgeProp.my of residential sales and leasing / priority now are projects like hospitals, schools project marketing Kelvin Yip said and roads that will directly benefi t the people. GERBANG PERDANA Managing Director/Editor-in-chief Au Foong Yee branded residences are becoming popular in Kuala Lumpur as tro- EDITORIAL phy assets that off er a high level of deliberation at the next cabinet in the construction cost. volves a thor- Executive Editor Sharon Kam Editor Lam Jian Wyn service, facilities and quality. They meeting. However, MMC-Gamuda said it ough study of Deputy Chief Copy Editor continue to attract affl uent end-us- “On this matter, bear in mind it was not being given a fair chance to the quota sale of James Chong ers and investors, he added. was a cabinet decision. So, if there work out the cost reduction as the bumiputera lots Copy Editor Vanessa Gnanasurian Senior Writers Yip revealed that there were are changes, they have to be decid- fi nance ministry did not reveal the with the intention Rachel Chew, Tan Ai Leng some 1,691 units of branded res- ed by the cabinet,” Guan Eng added. target it wanted to achieve. of addressing Writers idences completed between 2014 On Oct 7, he had announced It had also warned that it would the housing and Natalie Khoo, Shawn Ng Art Director Sharon Khoh and the fi rst half of 2018. that the federal government will be result in immediate job losses of property surplus Design Team re-tendering all the unfi nished un- over 20,000 personnel. of bumiputera quota units. Jun Kit, Rajita Sivan Cabinet to derground work of the MRT2 project She said there is a high number through an international open tender of unsold bumiputera lots in each For New Launches/Events/ deliberate on MRT2 Zuraida: We will Press Releases/News Tips process. He had also announced the review bumiputera state and the problem requires a email: [email protected] underground deal termination of the swift solution. Tel: (03) 7721 8211 Fax: (03) 7721 8280 Finance Minister Lim Guan Eng underground work quota, not abolish it “This is not a new thing, the ADVERTISING & MARKETING said on Oct 17 that he will bring contract after the The government is reviewing the issue of overhang units (built but Associate Account Director, up the matter of the termination government and bumiputera housing quota sys- unsold units), is being given seri- Advertising & Marketing Heidee Ahmad (019) 388 1880 of MMC-Gamuda KVMRT (T) Sdn MMC-Gamuda tem, not abolish it, said Housing ous attention by several state gov- Senior Account Manager Bhd’s contract to build the under- failed to reach an and Local Government minister ernments which view this matter Ian Leong (012) 359 1668 ground portion of the mass rapid agreement relat- Zuraida Kamaruddin. as a worrying trend,” she said in a Account Managers Joane Tan (012) 377 2885 transit Line 2 (MRT2) for further ing to a reduction She added that the review in- statement on Oct 13. Evelyn Chan (012) 383 7484 Marketing Support & Ad Trafˎ c Madeline Tan (03) 7721 8218 trending How do I get past issues of this weekly pullout? email: [email protected] now Go to www.EdgeProp.my to download for free BUSINESS DEVELOPMENT Manager Nimalen Parimalam Account Manager Stannly Tan If you have any real estate-related events, email us at [email protected]. PRODUCT DEVELOPMENT LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. & CUSTOMER ADVISORY Senior Manager Elizabeth Lay Associate Omar Nawawi sales launch of Grand Ion Venue: The ERA Sales Gallery, For enquiries and listings Majestic at Genting Highlands No.238, Jalan Segambut, email: [email protected] this Saturday. Guests at the event Segambut, Kuala Lumpur Tel: (03) 7721 8174 / 8173 will also get to enjoy a Feng Shui Contact: (1700) 818 081 EdgeProp.my pullout is published talk, beatbox performance, lucky Enjoy this Sunday with your by The Edge Property Sdn Bhd. It is draws and other fun activities. kids over a great bowl of Oishi available with The Edge Financial Ramen by Sakae Sushi with JKG Daily every Friday. The pullout is also distributed at more than Opening of Setia Alamsari Penang Street Food Fest Eco World Development Land Bhd. There will also be lots 200 ofˎ ces, shopping complexes, Sales Galleria at Tropicana Heights Group Bhd is hosting Ukulele of kids activities at the event. condos, medical centres and F&B outlets in the Klang Valley. You can Date: Oct 20 (Sat) Date: Oct 20 & 21 (Sat & Sun) classes every Saturday at Eco also download it for free at Time: 10am to 5pm Time: 11am to 5pm Ardence in Setia Alam. Sign Food Fiesta at www.EdgeProp.my Venue: Setia Alamsari Sales Venue: Tropicana Heights your children up for a fee of Bandar Bukit Raja Galleria, No. 1, Persiaran Property Gallery, No. 35, RM15 to seize this opportunity Date: Oct 20 (Sat) Alam Sari 3, Kajang Jalan P4/6, Bandar Teknologi to learn an instrument. Time: 10am to 5pm Th e Edge Malaysia Contact: (03) 8736 2255 Kajang, Semenyih Venue: Bandar Bukit Raja Sales The new sales gallery of Contact: (1700) 81 9566 Free Zumba class Gallery, No. 1E, Jalan Gamelan, Publisher and Group CEO Ho Kay Tat S P Setia’s Setia Alamsari Tropicana Corporation Bhd is at Sunway Serene Bandar Bukit Raja, Klang development is set to open organising a mouthwatering Date: Oct 20 (Sat) Contact: (03) 3361 7288 EDITORIAL its doors this weekend with Penang Street Food Fest Time: 7.30am to 8.30am Enjoy various authentic local Editor-in-chief Azam Aris CORPORATE exciting activities and events, this weekend at Tropicana Venue: Sunway Serene Sales food favourites like vurry laksa, Chief Operating Ofˎ cer such as an acrobatic lion Heights. Savour delights such Gallery, Lot No. 72241, Jalan nasi lemak, roti bakar, char Lim Shiew Yuin dance, dessert-making as assam laksa, lobak, rojak, SS8/2, Kelana Jaya, Petaling Jaya kuey teow, teh tarik, cendol ADVERTISING & MARKETING Chief Commercial Ofˎ cer workshops and game booths. cendol and ice-kacang. Contact: (017) 964 0788 and many more while enjoying Sharon Teh (012) 313 9056 Join Sunway Property in an exclusive sneak peek of the General Manager Launch of Grand Ukulele classes Sunway Serene for a free upcoming AYRA 2 and AZIRA Kingston Low (012) 278 5540 Ion Majestic at Eco Ardence Zumba class by Tip Tap Toe landed homes in the township. Senior Sales Managers Fong Lai Kuan (012) 386 2831 Date: Oct 20 (Sat) Date: Oct 20 (Sat) Fitness Studio this Saturday.