EP 2 FRIDAY MARCH 8, 2019 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my MIEA: Please extend HOC incentives to HOC 2019 launched to increase home sub-sale properties The government’s incentives for the ownership among Malaysians six-month National Home Own- ership Campaign 2019 (HOC 2019) Prime Minister Tun Dr Mahathir should be extended to first-time Mohamad offi cially launched the homebuyers of secondary market National Home Ownership Cam- residential properties, said the Ma- paign 2019 (HOC 2019) last Friday laysian Institute of Estate Agents at the HOC 2019 Expo in Kuala Lum- (MIEA). pur. The campaign began on Jan 1 The organisation urged the gov- and will run until June 30, 2019. ernment and stakeholders to weigh The HOC was initiated to in- the importance of the secondary crease home ownership among residential property market which Malaysians and to address Ma- makes up about 80% of all resi- laysia’s property overhang which dential property transactions in has hit 43,211 units, amounting to el HOC 2019 Expo from March 1 – 3 During the HOC period, for the country. a value of RM29 million as of the at the Kuala Lumpur Convention Malaysian homebuyers purchas- The Edge Property Sdn Bhd (1091814-P) It noted that the incentives for third quarter of 2018. Centre. ing properties registered under Level 3, Menara KLK, buyers of properties registered un- During the tabling of Budget Over 20,000 units of homes this campaign, the stamp duties No 1 Jalan PJU 7/6, Mutiara der the HOC 2019 should not just be 2019 last November, Finance Min- were showcased in 180 booths on instruments of transfer for Damansara, 47810 Petaling Jaya, Selangor, Malaysia limited to properties off ered by de- ister Lim Guan Eng announced that by 51 developers. A government properties priced up to RM1 mil- velopers as there are signifi cantly the HOC will be initiated in collab- pavilion showcased affordable lion and for loan agreements more choices of aff ordably-priced oration with the Real Estate and housing projects and schemes of up to RM2.5 million will be EdgeProp.my homes for fi rst-time homebuyers with- Housing Developers’ Association under KPKT, Perbadanan PR1MA waived. Homebuyers will also Managing Director/Editor-in-chief in the secondary property market. Malaysia (Rehda). Malaysia, Syarikat Perumahan get a minimum 10% price dis- Au Foong Yee In conjunction with the HOC, Re- Nevada Bhd, Permodalan Nasional count from developers. hda in partnership with the Hous- Bhd and UDA Holdings Bhd. More EDITORIAL Residents upset Executive Editor Sharon Kam ing and Local Government Ministry expos will be held in various states Go to mapex.com.my/hoc2019 Deputy Chief Copy Editor over rise in (KPKT) organised the national-lev- and cities after this. for more details. James Chong Airbnb units Copy Editor Vanessa Gnanasurian Senior Writers Residents at Gurney Park here have Rachel Chew, Tan Ai Leng expressed concerns over the growth complaints of trespassing, thefts wants to approve be- Lumpur, Putrajaya and Writers of Airbnb operations in their hous- and noise,” he said. tween 8,000 and 10,000 Labuan this year. Natalie Khoo, Shawn Ng Art Director Sharon Khoh ing area. He added the authorities, espe- aff ordable homes every “We fell short last Senior Designer Jun Kit They are upset over the invasion cially the state government, with year, said its minister year, only approving Designer Rajita Sivan of their privacy with the presence the cooperation of the Tourism, Arts Khalid Abdul Samad re- about 6,000 units, but For New Launches/Events/ of tenants who keep changing fre- and Culture Ministry, should take cently. that is okay because the Press Releases/News Tips quently as many of them are short- action to regulate housing rental He explained that new government had email: [email protected] term visitors and tourists, said their operations more seriously. such a target is in line just taken over. Tel: (03) 7721 8211 Fax: (03) 7721 8280 spokesperson, Yan Lee, who is also with Putrajaya’s plan to “Despite the many ADVERTISING & MARKETING the Penang Chant Residents’ Asso- Approval for build one million units projects that have been Associate Account Director, ciation (Chant) adviser. of aff ordable homes within the next approved, there is still a long wait- Advertising & Marketing 8,000 to 10,000 Heidee Ahmad (019) 388 1880 “Residents are worried about 10 years. ing list for aff ordable homes,“ he Senior Account Manager their safety because they do not affordable units He added the ministry received said after handing over keys to Ian Leong (012) 359 1668 know the occupants as they only in FT every year more than 30 applications to build Residensi Jalilmas homeowners in Account Manager Joane Tan (012) 377 2885 stay for brief periods. There are also The Federal Territories Ministry 29,000 affordable units in Kuala Bukit Jalil, Kuala Lumpur recently. 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 Go to www.EdgeProp.my to download for free Manager Nimalen Parimalam now Account Manager Stannly Tan PRODUCT DEVELOPMENT & CUSTOMER ADVISORY If you have any real estate-related events, email us at [email protected]. Senior Manager Elizabeth Lay LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. Associate Omar Nawawi, Mahandev Singh For enquiries and listings Ladies’ Day DIY Rose is a joint venture project by Venue: Sapphire Hall @ Club 360, is launching Nada 5A double- email: [email protected] workshop DwiTasik and Kuala Lumpur Setia Ecohill Welcome Centre, storey terraced houses at its 160- Tel: (03) 7733 9000 Date: March 8 (Fri) City Hall with EH Property as Persiaran Ecohill Barat, Setia acre Nada Alam development EdgeProp.my pullout is published Time: 3pm to 7pm the turnkey developer. The Ecohill, Semenyih, Selangor in Pajam, Negeri Sembilan. by The Edge Property Sdn Bhd. It is Venue: Country Garden Danga second project at Ari Permaisuri, Contact: (03) 8724 2255 Visitors also get to participate in available with The Edge Financial Daily every Friday. The pullout Bay Phoenix Clubhouse, Rumbia will be launched this S P Setia is unveiling Baris Place fun science activities including is also distributed at more than Danga Bay, Jalan Bertingkat weekend. It is a low density @ Setia Mayuri, comprising science games, an edible 3D 200 ofˎ ces, shopping complexes, Skudai, Johor Baru condominium 500m away only 32 units of road-fronting cell model workshop, a mini condos, medical centres and F&B outlets in the Klang Valley. You can Contact: 1300-88-9888 from the Cheras LRT station. 2- and 3-storey shoplots. The solar car building workshop also download it for free at Organised by Country Garden event will feature Balinese and a live science show. www.EdgeProp.my Danga Bay, participants get to Launch of Parkland dance and music, Balinese learn and make their own roses Residence massage and an introduction Jazz it up with Jasmine Th e Edge Malaysia at the workshop. Admission is Date: March 9 (Sat) to the Setia Mayuri township. Chen free. Seats are available on a Time: 7pm to 10pm Date: March 16 (Sat) Publisher and Group CEO fi rst-come, fi rst-served basis. Venue: Cheras Selatan 118, Time: 11am to 6pm (Jasmine Ho Kay Tat Cheras 9th Mile, Selangor Chen’s performance @2pm) EDITORIAL Launch of Rumbia Contact: (012) 900 7115 Venue: The Roof Garden, Editor-in-chief Azam Aris @ Ari Permaisuri Parkland Group will launch its Sime Darby Convention CORPORATE Date: March 9 (Sat) latest high-rise residential project Centre, 1A, Jalan Bukit Chief Operating Ofˎ cer Lim Shiew Yuin Time: 11am to 3pm Parkland Residence @ Cheras Kiara 1, Bukit Kiara, KL ADVERTISING & MARKETING Venue: Ari South. The event will be fi lled Contact: (016) 299 1787 Chief Commercial Ofˎ cer Permaisuri with various activities such as Immerse yourself in the soulful Sharon Teh (012) 313 9056 Science Day + Launch General Manager Sales Gallery, lucky draws, performances by jazzy tunes by Jasmine Chen, Kingston Low (012) 278 5540 Jalan Sri local celebrities, magic show, of Nada 5A singer from Crazy Rich Asians, Senior Sales Managers Permaisuri, an appearance by the God of Date: March 10 (Sun) while enjoying the stunning Fong Lai Kuan (012) 386 2831 Bandar Sri Fortune and lion dance. Time: 10am to 6pm panoramic view of TPC KL’s Gregory Thu (012) 376 0614 Creative Marketing Permaisuri, KL Venue: Nada Alam Gallery, Green Fairways. Guests also Chris Wong (016) 687 6577 Contact: (010) Exclusive preview Kampung Baru Sungai Mahang, get to discover Senada KL’s Head of Marketing 211 9605 / of Baris Place Mantin, Negeri Sembilan latest development progress Support & Ad Trafˎ c Lorraine Chan (03) 7721 8001 (010) 212 1388 Date: March 10 (Sun) Contact: (06) 799 7228 and its homeownership Ari Permaisuri Time: 11am to 5pm Seri Pajam Development Sdn Bhd package. RSVP required. FRIDAY MARCH 8, 2019 • THEEDGE FINANCIAL DAILY EP 3 NEWS Rumbia Residence coming up on last residential plot in Bandar Sri Permaisuri LOW YEN YEING | EdgeProp.my BY RACHEL CHEW playground, sky gym, BBQ area, multipur- pose hall and a four-tier security system. KUALA LUMPUR: Th e last residential plot in “We decided to go with high ceilings of the mature Bandar Sri Permaisuri township 11ft, wide main doors and ample windows in Kuala Lumpur is being developed into the that provide good natural light and airfl ow, Ari Permaisuri high-rise residential devel- instead of giving fi ttings that buyers may end opment with a gross development value of up tearing down or replace with something RM450 million.