Voted No.1 Property Magazine 2010 - 2015 by A+M Magazine Malaysia RM8.50, Singapore S$8.00 Discover Buy Rent Invest June 2017 COVER STORY PICKS OF THE MONTH POINTS OF INTEREST City of Elmina: The epitome of Negeri Sembilan is ‘new rival’ to Selangor Developing next generation quality living master-planned communities 148 Negeri Sembilan: A realtor’s perspective Time to change property RESEARCH DATA investment strategies 06 Perak: Stable and raring to grow Knight Frank: Gold Coast residential insight AGENTS 872006 iPROPERTYiQ.COM Agent’s views, Spotlights of Chinese cities reach their peak in 2016 Sabah & Sarawak sub-sale market the month & Agent’s advice 9 771823 Editor Roshan Kaur Sandhu CEO’s Foreword Writer Reena Kaur Bhatt Head of Creatives Angeline Lim Senior Graphic Designers Jason Kwong Wing Wong Junior Graphic Designer Rechean Soong Ad Operations Executive Nur Alia Ahamd Tamezi Intumathy Nadarajah CEO REA Group - Asia (Interim) Henry Ruiz CEO iProperty.com Malaysia & Singapore Haresh Khoobchandani General Manager (Marketing) The Mid Year Issue Wong Siew Lai In just a blink of an eye, we are already in the sixth month of the year. General Manager (Agent Sales) Leon Kong The last six months saw a lot of interesting things happening for us at General Manager (Developer Sales) Sean Liew iProperty.com Malaysia. We know the way consumers are searching for General Manager (Data Services) property is changing. The need for quality information and content that Premendran Pathmanathan helps them make an informed decision has never been more crucial. Group Regional Finance Director Esther Monks As such, in line with our vision to change the way the world experiences Chief Information Officer property, we are pleased to introduce to you an all new search experience Harmit Singh on iProperty.com Malaysia. This new search experience features a brand Head of Media Sales & Ad Ops new user interface, providing you with a clean, simple and pleasant user Martin Goh experience when you search for your dream home. Aside from that, you Head of iProperty TV will now see new developments and sub sale properties side by side, Jonathan Ong giving you more options to choose from. Head of Marketing & Content, iProperty.com Singapore This enhanced search experience is set to offer unprecedented ease of Leslie Lin use, delivering extraordinary customer and consumer satisfaction. It is a one stop solution to showcase property listings in the market on every iProperty.com Malaysia Sdn Bhd (600850-K) platform including desktop, m-site and mobile. Suite 11.01, Level 11 Menara IGB Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia We hope you find the new website and mobile app fresh and of great Phone: (603) 2264 6888 help in your bid to find your dream home. Do download the new mobile Fax: (603) 2264 6900 app, iProperty.com Malaysia, available on the Play Store and App Store. Sales enquiries: [email protected] Editorial matters: [email protected] Aside from that, in this month’s issue, we are pleased to share more General enquiries: [email protected] information on the property market in Negeri Sembilan and Perak. Read Subscription: [email protected] International Property: [email protected] all about it on pages 35 till 49. iProperty.com Malaysia Sdn Bhd (Johor) Taking this opportunity to also wish all our Muslim readers a Selamat Hari A-2-7, Pusat Komercial Bayu Tasek Raya Aidilfitri! Enjoy the festivities with your family and friends. Persiaran Southkey 1, Kota Southkey 80150 Johor Bahru, Johor Enjoy the read! 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, Suite 11.01, Level 11 Menara IGB, 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, howsoever. We shall not be responsible for any loss or damage, whether direct or indirect, incidental or consequential arising from or in connection with the contents of this publication and shall not accept any liability in relation thereto. The views by our contributors expressed here are their personal opinions and do not necessarily reflect iProperty.com’s views. Haresh Khoobchandani CEO Unless otherwise noted, all artwork and ad designs printed in iProperty. com Magazine are the sole property of iProperty.com Malaysia Sdn Bhd, and may not be reproduced or transmitted in any form, in whole or in part, iProperty.com Malaysia & Singapore without the prior written consent of the publisher. CONTENTS June 2017 2 Cover Story Points of Interest CEO’s foreword 14 50 The city of Elmina: The epitome of quality living Developing next 8 generation master- planned communities Editor’s note/happenings 52 9 Utilising data to develop Happenings the right property 14 product that sells Events Research Data 54 Want to build a property 18 32 portfolio? Dominate your day job first Johor: Beyond bricks and Knight Frank Q4 2016 global residential cities index mortar 56 Its time for many to 20 Picks of the month: refinance with rates down Driving green, building Negeri Sembilan & Perak green and practising 60 green – The next big things 5 Tax considerations when 35 selling off your property 26 Negeri Sembilan is new ‘rival’ to Selangor Penang’s mingling night: 62 Looking ahead to the future 40 Rule of thumb for renovation Realtor’s perspective: Negeri Sembilan’s property market is quietly confident 27 64 KK mingling night: Three 42 cheers for a great event! AirBnB: The new frontier in property investment, Rahim & Co: Negeri Sembilan property market tourism, and hospitality review 2016/2017 29 66 Sarawak mingling night: 46 Where great minds come Time to change property together Perak: Stable & raring to grow investment strategies CONTENTS June 2017 Consumer International Agent’s Views Awareness Section 102 68 82 CO3 Social Office: Workspace for new generations Why we are all talking International news about multi-generational Happenings living Agent’s Advice 84 70 104 International features – How to whip crockery, Briefs Property rental market in cutlery & loose kitchen 11 factors to consider before utensils into shape 2017: Tips for landlords & buying an executive tenants condo in Singapore 104 72 88 6 Hard-working types of 106 flooring you’ve (probably) Singapore news forgotten about Happenings Superstar agents 118 Agency Directory iPropertyiQ.com Research Data Regulars 74 92 110 119 East Malaysia’s sub-sale Gold Coast residential House Buyers’ Association Classifieds 2016 property market insight Q12017 Extension of time ruled irregular by court of law 102 Points of Interest 128 Dato’ Joey Yap The downside of hustle and Subscription East Malaysia’s Sub-Sale 100 2016 Property Market bustle iPropertyiQ.com data (December 2015 - November 2016) Brisbane - The making of a world class city 74 EDITOR’S NOTE Time flies as it is already June! Want to build a property portfolio? Property speaker and author Mark Chua offers a fresh take According to the latest 2016 NAPIC report, the on property investment strategies and debunks the property market will remain subdued for a few myth that you cannot be a millionaire while holding years. Developers launched a total of 52,713 homes down a 9 to 5 job on page 54. in 2016 but only managed to sell less than one third of these — 16,532 units (31.4%). I would like to wish Selamat Hari Raya Aidil Fitri to all Muslims. May you enjoy the celebration with As the saying goes, always look on the bright side of your loved ones. life. As a home buyer, it is the best time to negotiate hard because you are in a stronger position. Till next month! Read about our Mingling Nites at Penang, Sabah and Sarawak where experts and developers had the opportunity to network, wine and dine. Our latest data from iPropertyiQ.com showcases purchasers’ hotspots, transaction activities and median prices for secondary residential properties across Negeri Sembilan. Reena Kaur Bhatt spoke to a few experts to find out about its exciting developments. Roshan Kaur Sandhu HAPPENINGS S P Setia Group launches Citizen Setia Facebook for better consumer experience Purchasers who follow our Facebook account will now get first-hand news and offerings such as the on-going ‘Citizen Setia Loves Movies’, where specially curated movie screenings at cinemas are made exclusively available to our purchasers,” said Dato’ CJ Khor, President & CEO of S P Setia Bhd Group. Over the years, S P Setia has set the trend for many to follow. Setia was the first to launch a property developer mobile application in Malaysia With the digital touch points evolving around in early 2010 and the first to introduce innovative consumers and affecting the way media and marketing campaigns such as the 5:95 campaign in communication are consumed, Setia recently 2009 and recently, the 10:90 and SEAL campaigns, launched its Citizen Setia Facebook to connect Setia has always been at the forefront of adoption with its property purchasers and fans. and offerings. “The Citizen Setia Facebook is an extension of In order to be a part of Citizen Setia Facebook Citizen Setia’s bespoke lifestyle platform that community, Facebook users will just need to click was launched last May 2016. Through this social like on the Citizen Setia Facebook page. Those media channel, Citizen Setia community will be who wish to find out more information can contact able to connect better with us and enjoy the many 1-300-13-2255 or walk into any of S P Setia sales privileges we have to offer.