Malaysia Premier Property and Real Estate Portal

Lin(pic) confirmed that Gamuda will try to bid on a piece of the proposed East Coast Rail Link (ECRL) and KL-Singapore High Speed Rail (HSR) projects once more details are provided.

SHAH ALAM: Gamuda Bhd is set to have a busy 2017 as it outlines two major projects with staggering figures, namely the RM28bil Mass Rapid Transit Line 2 (MRT2) project and four townships with an estimated gross development value of RM45bil.

In a rare question-and-answer session with the media last week following the group’s AGM, group managing director Datuk Lin Yun Ling gamely responded to a slew of questions on the conglomerate’s business direction.

“Two thirds of the MRT2 contracts have already been awarded. The remaining works are for the MRT stations and they will be awarded over the next eight to nine months. Any costs associated with land acquisitions will be within the budget,” he says.

Known for being a reputable and reliable operator in multi-billion ringgit infrastructure projects, Gamuda’s name is usually the first to crop up when it comes to high-profile government projects.

Its current construction order book amounts to some RM9bil and is enough to sustain the group for the next three years.

To cope with new jobs, Gamuda has set aside RM2.7bil in capital expenditure for next year for the purchase of plant, machinery and tunnel boring machines (TBMs) for its construction business.

According to Lin, eight TBMs are currently being refurbished in Ipoh in preparation for upcoming MRT2 works. Another four TBMs have been purchased as the tunneling works would require a total of 12 TBMs.

Gamuda is the contractor for the underground work package for MRT2. It is also tendering for new tunnelling jobs in Singapore.

Meanwhile, Lin confirmed that Gamuda will try to bid on a piece of the proposed East Coast Rail Link (ECRL) and KL-Singapore High Speed Rail (HSR) projects once more details are provided.

“The main contractor for ECRL is from China and we might talk to them to be a subcontractor. Note that it is still early. Even their office is still not up yet,” he said.

“There are many jobs we can participate in 2017 like the ECRL and HSR. We are quite good at doing such projects given our experience, so we will try to bid for them,” he added.

The group is also involved in the massive RM27bil Penang Transport Master Plan (TMP) project.

When asked whether the expected costs for the mega project has ballooned to as much as RM40bil as reported by other media previously, Lin said he was unaware of this.

“The RM40bil figure is new to me. As far as we know, it shouldn’t vary too much from the earlier figure. We are currently finalising all the impact assessments, and in the middle of this month there will be a public dialogue on the TMP,” he said.

Aside from its main construction business, Lin is enthusiastic about the prospects of the group’s growing property segment. To emphasise this point, he said the group would stick to its property sales target of RM3bil for its current financial year ended July 31, 2017 (FY17).

“Maybe we will not need to revise the figure downwards like what other firms have done. We are currently on track,” he said.

Its property unit, Gamuda Land Sdn Bhd, currently has RM1.9bil worth of unbilled sales in FY17. It achieved RM2.1bil in sales for FY16, exceeding initial target of RM1.3bil.

The group currently enjoys half of its sales from overseas projects, which partly insulates it from the subdued Malaysian property market as well as a declining ringgit.

Counting on the strength of its 3,800-acre land bank, Gamuda Land is rolling out four major township projects with an total estimated GDV of RM45bil to be developed over the next 20 years.

Lin explained that adopting a long-term viewpoint, especially when it comes to land acquisition, is important despite the prevailing weak sentiment in the property market presently.

“Land acquisition is a long-term strategy. For example, we paid RM4bil for the land for the four townships. But that investment will generate revenue and business activity of more than RM40bil for the next few decades. Quite often it is good to invest when the market is weak,” he pointed out.

Meanwhile, from a financial standpoint, Lim acknowledged the challenges posed by the ringgit’s decline but brushed off concerns that it could negatively impact the group.

“At the moment the main impact (from the falling ringgit) is in our import of plant machinery as quite a bit come from overseas. But those are capital investments to be used over the next 20 years, so it is not going to have a major impact,” he said.

On the other hand, his main concern is on the possibility of weaker consumer sentiment which could dampen the investment appetite in the property market.

“Consumer or aggregate demand may still remain weak. If that happens, the affordability of properties will not be so good,” he noted.

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Parque Melbourne distinguishes itself with its one-acre heritage garden.

FOLLOWING the grand opening of Parque Melbourne, S P Setia’s second project in Melbourne, the developer is keen to expand its territories in Australia, with its main focus in the world’s most liveable city.

S P Setia Bhd non-independent non-executive chairman Tan Sri Datuk Dr Wan Mohd Zahid Mohd Noordin said Melbourne’s status as the six-year consecutive winner of the most liveable city reaffirmed Setia’s strategy in expanding in Australia, in particular Melbourne.

Setia (Melbourne) Development Company Pty Ltd chief executive officer Choong Kai Wai said the housing market in Australia is slightly different from Malaysia.

He said the local buyers are rarely multiple buyers. They buy one property and then maybe introduce good developments to their friends.

S P Setia Bhd president and chief executive officer Datuk Khor Chap Jen said it is important to build credibility to earn the trust of the locals, in which Setia has been steadily progressing through its two successful completed projects.

He added that Australia has a more mature “10-90” scheme, in which purchasers pay 10% down payment upon signing the sale and purchase agreement (SPA) and clear the balance of 90% after the completion of the property.

He explained the subscriber of “10-90” in Malaysia could still forfeit the 10% down payment, where as purchaser in Australia is bound to commit to the purchase unless the developer fails to complete the project in a stipulated time, which lessens the chance of an abandoned project.

Parque Melbourne: Footsteps away from greenery

With the recent celebration of its grand opening in November, Parque Melbourne is S P Setia’s second completed and sold-out project in Melbourne after the successful inaugural development, Fulton Lane.

Located at St Kilda Road, the two-acre residential development attracted significant interest from local buyers.

“Parque represents the very best of apartment living here at Melbourne and captures and defines the spirit of Melbourne,” said CBRE managing director of residential projects Andrew Leoncelli.

Maison Carnegie: A low-density development in an upscale neighbourhood

As Setia’s third Melbourne project, the low-rise residential development launched this September offers 48 units of apartments. It has achieved over 65% take-up rate despite reports of a slower growth in the apartment market segment.

The site sprawled across a total of 2,074 sq m and was designed by Fender Katsalidis Architects (FKA). The development provides one-bedroom, two-bedroom and three-bedroom units at an average price of RM2,546 per sq ft. The facilities include 53 units of car park, as well as bicycle and storage space.

308 Exhibition Street & Prahran: Largest Melbourne CBD east-end development site

SP Setia’s acquisitions of 308 Exhibition Street and Prahran in Melbourne Central Business District (CBD) provides a golden opportunity for SP Setia to deliver another development par excellence in Melbourne.

The largest east-end CBD development site in Melbourne to be sold in over a decade, 308 Exhibition Street offers:

160-acre green frontage of Unesco World Heritage listed Carlton Gardens and Royal Exhibition Centre.
The vibrancy of Chinatown precinct, the historic Greek precinct and Melbourne’s own Little Italy (Lygon Street)
Neighbored by some of Melbourne’s most prominent commercial, university and government headquarters including the historic Parliament House, Melbourne University, RMIT and Victoria’s best hospitals.
Myriad of public transports with proximity of rails, trams, bus routes and Melbourne’s major arterials and freeways.

The development is slated to be launched in 2H2017 and is estimated to have a gross development value (GDV) of A$640mil (RM1.91bil) .

Read More: A Setia bloom in Melbourne

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DatumCorp‘s sales gallery is located at 42, Jalan U Thant and features its first development, the RM1.2bil Datum Jelatek.

THE Selangor State Development Corporation’s (PKNS) premium development arm, DatumCorp International, has launched its sales gallery at 42, Jalan U Thant, Kuala Lumpur which will feature its first development, Datum Jelatek — an award-winning RM1.2bil gross development value (GDV) integrated development.

PKNS’s portfolio includes 11 townships in Selangor, including the state capital Shah Alam, Kelana Jaya, Petaling Jaya, Bangi and Kota Damansara.

The sales gallery, an investment of RM4.5mil, will showcase its first project, Datum Jelatek, from the Datum Series, a collection of mid-to-high-end commercial, residential, retail and mixed property developments, which will act as socioeconomic catalysts for surrounding communities.

At the launch, PKNS general manager Noraida Mohd Yusof said the development encompasses sustainable practices for environmental, social and business opportunities, and focuses on enhancing residents’ sense of belonging.

“DatumCorp International’s first development is the signal of the developer’s commitment to deliver quality, innovation and sustainability in its communities. We are confident that Datum Jelatek’s superior connectivity, strategic location, architecture and value as an investment, will bring about the development’s success,” she said.

The event also marked the opening of the pre-registration for the development’s Ayaana Tower, one of its four residential towers, comprising studio units, one-bedroom and two bedroom suites, within 41 stories.

Previously, the developer had received a 90% take-up rate for the launch of its first tower, Daneeya Tower, comprising 161 units within 40 storeys.

Just 3.5km away from KLCC, one of the rare transit-oriented developments within the area, Datum Jelatek is directly connected to the Jelatek LRT station and is located on Jalan Jelatek. The entire development comprises both retail and residential components.

Datum Jelatek offers purchasers an option of four majestic towers spread over 2.3ha. It comprises 708 residential units which are linked to a 317,000sq ft net lettable area (NLA) four-storey retail mall.

Each residential tower, architectured to form a lilypad suspended within a ripple of water, has its own identity, with unique design elements and connected by Malaysia’s first “sky-ring” — a circular podium measuring 8.9m in width that will link all four towers at the 27th floor, affording a spectacular view of KLCC.

Currently, the development is about 22% complete. The entire development is targeted to be completed in Q2 2019.

Prospective residents can select between generously-sized studios, one-bedroom, two-bedroom and three-bedroom suites. Unit build-up sizes range from 550sq ft to 1,600sq ft, and each unit is crafted to exude luxury and sophistication.

There is a 1.3ha park on Level 11 and the rooftop cabana offers a 360° view of Kuala Lumpur. Other facilities and amenities include a rock climbing area, private alfresco lounge, synchronised fountain, a fully-equipped audio and games room, a mini putting green, a library, a gym, and a BBQ area.

Each residential unit comes with two to four carpark bays, based on the size of units, compared to most developments in the area where only one carpark bay is allocated. There are also six tiers of security, with each of the four towers having its own lobby and security checkpoint.

The development is accessible via Jalan Ampang, AKLEH, MRR2 and Jalan Tun Razak.

The retail mall, Datum Jelatek Mall, will have a population catchment of 400,000 ranging from income levels of RM7,000 to RM30,000 within the surrounding KL City Centre, Ampang and Setiawangsa.

The mall, which is targeted to open in 2018, will feature an excellent selection of F&B stores as well as complementary brands which are non-existent in nearby malls.

Datum Jelatek has received a Green Building Index (GBI) certification for its sustainable living features and three Asia Pacific Property Awards, namely Best Residential Renovation/Redevelopment Malaysia, Best Mixed-Use Development Malaysia, and Best Mixed-Use Architecture Malaysia.

Besides its lush landscaping and innovative architectural designs, this development is designed with efficient ventilation and promotes natural lighting, and is equipped with a rainwater harvesting system.

For details, go to www.datumjelatek.com.my

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LONDON: London house prices rose at their slowest annual pace in more than three years in October.

Home values in the capital dropped 1.2% from September, taking the annual gain to 7.7% from 9.2% in September, the Office for National Statistics said in a release in London yesterday. That’s the slowest year-on-year increase since June 2013. Nationally, annual price growth eased to 6.9% from 7%.

A recent report from Rightmove showed London property prices were having their worst December in six years, led by weakness in prime areas in the city that is likely to persist into 2017. The UK’s decision to leave the European Union has pushed down the pound, boosting inflation, and increased uncertainty about the employment outlook. That may undermine Britons’ finances and home demand next year.

“The fundamentals for house buyers look certain to deteriorate over the coming months with consumers’ purchasing power weakening markedly and the labour market likely softening,” said Howard Archer, an economist at IHS Markit in London. – Bloomberg

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HONG KONG: Real estate developers and financial investors are capitalising on fast-rising demand for leasing of “co-working” spaces in China, as Beijing encourages startups and small businesses in a bid to offset slowing growth at traditional industries.

Developers, including China Vanke, Soho China and Singapore’s CapitaLand, are renting out property space that hordes of self-employed persons or small-sized companies then share, company executives said. The lease deals with the startups are usually short-term and are done mainly through specialised operators.

Amid a growing belief that shared spaces deliver greater synergies by driving up innovation and productivity, Citic Capital, whose seven-storey shopping mall “Shanghai 189 Lane” is due to open later this month, will rent its top two floors to a co-working space operator.

“A new economy is here, we need to bring in different tenants. In the past the anchor tenant may be a gym, theatre or supermarket, but now it may be co-working offices,” Citic Capital’s head of real estate group Stanley Ching told Reuters.

Co-working’s popularity is helping developers and financial investors tap new revenue sources in China and cushion the impact of the softening retail and office property sectors as the world’s second-largest economy slows. But the highly cyclical nature of the startups business model also exposes them to new risks.

The number of co-working spaces in China has grown rapidly this year, with currently over 500 sites in Shanghai and Beijing alone compared to just a few in 2015, according to real estate services firm Jones Lang LaSalle.

The segment is expected to account for a third of the office demand in the long term from around 5% now, predicted UrWork, China’s largest co-working space operator in terms of number of sites, which is just a year-and-a-half old and is valued at US$800mil.

Leasing a desk for US$260-US$400 a month, landlords can often earn a higher return renting upper floors of a shopping mall to a co-working operation than to retailers, and get around a 10% premium renting office space compared to traditional corporate tenants, said service provider Colliers.

As once-flourishing sectors such as steel and coal lose their lustre, China is facilitating the development of new industries and services to transform the economy. Cities such as Beijing and Guiyang in the southwest provide rental subsidies to startups, while Suzhou in eastern China plans to have 300 incubators by 2020.

“China’s freelancer market is not as mature as those of London, New York and Paris, but we have a lot of SMEs and the number is growing exponentially especially under government support, so there’s great potential,” said Mao Daqing, founder of UrWork, which aims to raise the number of co-working sites to 60 next year from 40 across 10 cities at end-2016.

Even some mature companies, such as HSBC, Lenovo and Alibaba’s Aliyun utilise co-working spaces. The spaces provide established firms with the flexibility to hire more contract workers or downsize labour.

Developers and others are lining up to tap co-working’s potential. CapitaLand announced a collaboration with UrWork this month to provide co-working spaces in its properties in China and Singapore.

Beijing-based Sino-Ocean Group has signed an agreement with US co-working operator WeWork, while Vanke rents space to operators including UrWork, and in some cities it also operates its own co-working business.

Kailong, backed by private equity firm Warburg Pincus, bought a Shanghai three-star hotel in 2015, refurbished it into an office building, leased it to WeWork and then sold it to a fund controlled by Tianli Holdings last month for more than US$74mil.

WeWork, which earlier this year received a US$430mil funding round from China’s Legend Holdings and its private equity group Hony Capital that gave it a valuation of more than US$15bil, has opened co-working sites in Shanghai and is expanding into Beijing.

But the co-working business also brings risks, analysts said.

“The very nature of such short-term leasing exposes Soho to significant risk, as startups and SMEs are highly vulnerable to changes in macroeconomic conditions,” Morningstar said in a research note, commenting on Soho China’s co-working business. – Reuters

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CIMB Research has Eco World and LBS as among its top picks.

KUALA LUMPUR: CIMB Equities Research has downgraded the Malaysian property sector to Neutral from Overweight as its risk-reward ratio is now less attractive than earlier this year.

“We think the sector’s fundamental outlook for 2017 is similar to conditions in 2016 yet share prices of developers we cover have outperformed KLCI by 11% year-to-date,” it said on Thursday.

CIMB Research said developers that have lined up major launches of mass-market housing projects for next year offer the highest chance of exceeding 2016F sales in 2017.

The research house expects overall property sales to remain subdued next year compared to this year due to the unexciting macroeconomic outlook and sector fundamentals.

However, it thinks mass market residential projects could be one of the few exceptions, as there is still strong pent-up demand for this type of property; there was undersupply in the past few years.

“Among the developers that we cover, we believe Eco World (Add, TP: RM1.75) and LBS (Add, TP: RM2.15) have the highest chance of sustaining 2016 sales in 2017, as their launch line-ups consist of many mass-market housing projects, which we believe will still enjoy strong demand next year.

“We also like UOA Development (Add, TP: RM2.70) for its attractive potential dividend yield of 6% in 2017F,” it said.

It also said its rating for the property sector assumes that the economy will continue to grow at a decent rate (i.e. real GDP growth of around 4.2%) in 2017F. A sharp deterioration in economic conditions and rise in unemployment rate are the key downside risks to its call.

“Stronger-than-expected economic performance and potential relaxation measures by the government are the key upside risks,” it said.

To recap, it said property sales recovered in 3Q16 as six of the seven developers under its coverage registered 18% to 160% on-quarter sales growth.

However, property transaction activities lost momentum in early-4Q16 after a disappointing Budget 2017 was released for the sector and as many anticipated relaxation measures did not materialise. The volatile Ringgit movement against major currencies after the US election on Nov 8 compounded the property slowdown by dampening the sentiment of homebuyers.

“Our economist thinks that Malaysia’s GDP will still grow by 4.2% in 2017F, same as our projected growth rate for 2016F. However, we believe wage growth could be slower next year, due mainly to weaker business and consumer sentiment, which could cause employers to be more cautious in their capital and wage spending.

“We believe that the sector’s fundamentals neither improved nor deteriorated much in 2016. Property prices are still rising despite the oversupply of high-end properties and developers with mass-market products are still able to achieve their sales targets.

“However, we view issues such as low affordability, mismatch of supply and demand, high incoming supply of completed properties and rising competition from public housing projects, as continued risk factors for private developers’ sales,” it said.

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By Jonathan Roberts

Minister of Federal Territories Tengku Adnan bin Tengku Mansor officiating the groundbreaking ceremony of Hemmon House by a Hong Kong developer. This property will be developed at Jalan Inai within Kuala Lumpur city centre.

PETALING JAYA: Minister of the Federal Territories Datuk Seri Tengku Adnan bin Tengku Mansor recently officiated the groundbreaking ceremony of Hemmon House, a 40-storey serviced residence located at Jalan Inai, which will be developed by a Hong Kong developer.

The development is planned in conjunction with the Economic Transformation Programme (ETP), which was introduced to propel Malaysia towards a developed nation status by 2020, said Tengku Adnan during the ceremony on Monday.

Built upon 10,700 sq ft of land which was previously a bungalow lot, the high-rise is a low density development which consists of 90 dual keys ensuite units.

The project developer, Forebase Property Sdn Bhd, is headed by chief executive officer and founder Frankie Wong and director Freya Tseng, who are both experienced operators in Hong Kong’s real estate industry.

Frankie Wong said after five years of property investments in Kuala Lumpur, he and his partners found a niche in the city-living market and decided to plan their own project.

From left to right – Freya Tseng, Frankie Wong, Datuk Seri Tengku Adnan, Datuk Hj. Mhd. Amin, Mrs. Tseng and Agnes Wu

“This project is targeted to foreigners and local investors alike that are looking for boutique condominium that pays attention to details and fine craftsmanship. The infrastructures here are amazing and there are many mega projects such as the MRT line, Tun Razak Exchange (TRX), Bandar Malaysia and other government projects undergoing.”

“We found Kuala Lumpur to be investor-friendly as it is governed efficiently and filled with passionate people. On top of that, the low cost of construction is a huge advantage. Hence, it is a very good business environment for the foreign investors,” he added.

As the granddaughter of the renowned founder of Tseng Brothers Construction Company, Freya Tseng is no stranger to the real estate industry. Tseng Cheng, OBE, JP, a veteran developer in Hong Kong since 1940s, has helmed big projects like Repulse Bay Garden, Evergreen Villa, the Star House, the Austin Tower and the Rutonjee Hospital, to name a few.

Raring to follow after her grandfather’s working and entrepreneurial spirit, Freya said she is eager to seize the great opportunity for property development in Kuala Lumpur.

“The good location, timing in Kuala Lumpur as well as the strategic partnerships present as a great opportunity and gives me the confidence to pursue our first property development here,” she said.

Nestled in the heart of Kuala Lumpur city centre, Hemmon House’s unique design seeks to promote the essence of exclusivity and elegance.

With its unique and meticulous design, the owners can split their unit into a residential and working space. Besides that, the dual-key design gives owners the option of renting a room out for passive rental income.

The facilities and utilities offered to Hemmon House’s owners include an all-covered car park, sky garden, Jacuzzi, electric car pod, Wi-Fi coverage and a multifunction room.

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By Viknesh Ashley

MRT Sungai Buloh-Kajang (SBK) Line is ready to welcome passengers when the Phase One becomes operational at 6am tomorrow.

Source: MRT Corp

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The WTA Malaysian Open returns to Kuala Lumpur for the eighth consecutive year with new title sponsor

KUALA LUMPUR, 15 December 2016 – The main draw of the country’s premier women’s tennis tournament, ALYA WTA Malaysian Open 2017, will serve up the action in Kuala Lumpur on 27 February 2017 for its eighth consecutive year.

Sanctioned by the Women’s Tennis Association (WTA), the ALYA WTA Malaysian Open 2017 will take place at TPC Kuala Lumpur amidst the green surroundings of ALYA Kuala Lumpur, the newly launched luxury leisure development by Sime Darby Property, formerly known as KLGCC Resort.

The high-end property brand that is also Malaysia’s most coveted address, is the title sponsor for this highly-anticipated sporting event for the first time since its inaugural staging in 2010.

Sime Darby Property Managing Director, Dato’ Ir. Jauhari Hamidi said, “We are tremendously excited to be hosting this event at TPC Kuala Lumpur and to associate the tournament with our premium development brand – ALYA Kuala Lumpur. It is a natural fit for ALYA Kuala Lumpur’s brand identity where we aim to become the premier destination for international sports and cultural events in the region.”

The event, which is supported by the Malaysian Convention and Exhibition Bureau (MyCEB), will open its gates on 24 February 2017 for the qualifying draw and will last until 5 March 2017, when the winners of the Singles and Doubles tournaments will be decided.

Tournament Director and Executive Chairman of Carbon Sports Mr. Keld Kristiansen said, “This is such a great opportunity for tennis to flourish on so many levels. ALYA Kuala Lumpur is the perfect venue for such a prestigious international event and for the establishment of permanent tennis programmes. Sime Darby Property’s contribution will allow us to accomplish our mission of enhancing the level of tennis in Malaysia.”

Additionally, the Lawn Tennis Association of Malaysia (LTAM) will select the best Malaysian women players to be given a ‘Wild-Card’ entry into the tournament, providing a great and important opportunity for the players to compete with the best in the world.

With many years of successfully gathering thousands of spectators and having had the support of a great family of sponsors, the event in 2017 will see a substantial increase in broadcast distribution, reaching more than 100 countries all over the world and is expected to attract some of the world’s best star players thanks to its reputation built over the years.

In past editions, the likes of Elina Svitolina, Roberta Vinci, Li Na, Agnieska Radwanska, Eugenie Bouchard, Dominique Cibulkova and Caroline Wozniacki have all participated in the tournament.

The ALYA WTA Malaysian Open 2017 will offer a very diverse line-up of programmes apart from great world class tennis, including business networking functions, inspirational forums for sports and business, entertainment programmes and activities at the venue, in addition to different tiers of food and beverage options.

“ALYA Kuala Lumpur is a truly unique environment surrounded by nature and open spaces while minutes away from the city centre. The ALYA WTA Malaysian Open 2017 embodies our efforts to promote an active and harmonious lifestyle at our premium development in the heart of the city,” Dato’ Jauhari added.

A completely new website and renovated social media pages will be launched on 13 February 2017, where information on the event, players and matches, as well as side activities and promotions will be made available.

Updates on Sime Darby Property activities and developments can be found on simedarbyproperty.com, Facebook (facebook.com/SimeDarbyProperty), Instagram (instagram.com/SimeDarbyProperty) and the Sime Darby Property Mobile App (available for download via the App Store and Google Play).

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Lundy_NathPresident__CEO_Grand_Lion_Group

President and CEO of the Grand Lion Group, Mr Lundy Nath explains that the opening of Courtyard by Marriott Siem Reap Resort, will play an important role in attracting visitors from far and wide.

Preparations are under way for Cambodian-based Grand Lion Group to open the very first Marriott International branded hotel in Cambodia, a 233-room Courtyard by Marriott Siem Reap Resort in April 2017.

The Courtyard by Marriott Siem Reap Resort is strategically sited 15 minutes away from the UNESCO World Heritage site of Angkor Archaeological Park, one of the world’s renowned tourist sites which drew over two million global visitors in 2015.

In June this year, the European Council on Tourism and Trade (ECTT) announced Cambodia as the ‘World’s Best Tourist Destination’ for 2016, out of 29 candidate countries. Simultaneously, Cambodia was also declared the ‘Favourite Cultural Destination’. The top three source markets to Cambodia are Asia, Europe and the Americas.

The Courtyard by Marriott Siem Reap Resort will feature 233 stylishly-designed guestrooms with four-fixture bathrooms. In-room amenities will include Marriott’s famous plush bed and bath linen and amenities, high-definition flat-screen television, high-speed internet access, mini-bar and safe.

Dining and entertainment options include a casual, all-day dining restaurant, a rooftop bar called The View with stunning views of Angkor Wat, a grand ballroom and a lobby lounge.

Courtyard by Marriott Siem Reap Resort guestroom with king-sized bed.

Recreational facilities will include an outdoor swimming pool and a fitness centre as well as a full-service spa including a relaxation lounge and a foot reflexology area.

The Courtyard by Marriott Siem Reap Resort is one of three Courtyard by Marriott Resorts in Asia planned with a kids’ club. With the young family market in mind, the Siem Reap property will offer the very first and only kids club in Siem Reap called ‘Treehouse’ for toddlers and a junior kids game room. The property will also feature approximately 600 sq m of function space and is expected to create over 200 employment opportunities.

The Grand Lion Group also plans to open a 250-room resort Marriott branded resort in Cambodia’s beachside playground of Sihanoukville adjacent to a 688-unit residence and a retail mall.

Slated to break ground in the 4th quarter of 2017, the sleek USD160 million project designed by Blink Architects, is dramatically designed to change the skyline of Sihanoukville and inject real luxury into this region. Sited four hours by road from Phnom Penh in the south west of Cambodia, the Resort is scheduled to open in 2020.

Courtyard by Marriott Siem Reap Resort guestroom with desk

President and CEO of the Grand Lion Group, Mr Lundy Nath comments, “We are extremely excited and geared up for the opening of the Courtyard by Marriott Siem Reap Resort in April. The Angkor Archaeological Park is one of the world’s top UNESCO World Heritage Sites which continues to attract increasing numbers of international visitors.

I am confident that the opening of Courtyard by Marriott Siem Reap Resort, an established worldwide hospitality brand, will play an important role in attracting visitors from far and wide.

Our international guests, especially from Asia, USA and Europe, who are accustomed to the high service standards of the Marriott brand will be assured of the same levels at the Courtyard by Marriott Siem Reap Resort.”

With total investment in excess of USD 200 million across its current hotel ventures in Cambodia, the Grand Lion Group hospitality division is expected to create over 500 sustainable high quality employment opportunities.

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2016 P1 AquaX Malaysia Series set to discover local water sports talent

Developing Malaysia’s potential as a global maritime player by uniting the marine motorsports community. (from left) P1 Marine Motorsports CEO, Encik Shafique Iqbal; Powerboat P1 Management Ltd CEO, Mr James Durbin; LBS Bina Group Berhad Group Managing Director, Tan Sri Lim Hock San; and Executive Directors, Dato’ Alan Chia, and Dato’ Cynthia Lim, at the inaugural P1 AquaX Malaysia Series Grand Finals in D’ Island Residence, Puchong.

Petaling Jaya, 15 December 2016 – Sun, skill and speed were the theme of the day at the inaugural 2016 P1 AquaX (pronounced Aqua Cross) Malaysia Series held at D’ Island Residence, Puchong recently. Malaysia is the first Asian stop in the international calendar for P1 AquaX. The 2016 P1 AquaX Malaysia Series is a collaborative effort between property developer and advocate of motorsports, Misi Aktif Sdn Bhd (a wholly owned subsidiary of LBS Bina Group Berhad) and P1 Marine Motorsports (Malaysia) Sdn Bhd (P1 Marine Motorsports).

The collaboration is aimed at creating an avenue to discover local water sports talent and promote competitive water sports events in Malaysia. The competition kicked-off with the first round held on 29 and 30 October 2016 at the Kepong Metropolitan Park. The second and final rounds took place on 26 and 27 November, and 10 and 11 December 2016 respectively at D’ Island Residence, Puchong.

“LBS Bina has been a strong supporter of motorsports. Our love for motorsports dates back to our involvement with enhancing and managing the Zhuhai International Circuit (ZIC) in China. Complying with the highest international standards, ZIC has grown to be a home for Chinese motorsports since 1996. Similarly, we see great potential in the 2016 P1 AquaX Malaysia Series and believe it is a very good platform to nurture local talent and put Malaysia on the map,” LBS Bina Group Berhad Group Managing Director, Tan Sri Lim Hock San, said.

Speaking about his vision for P1 AquaX Malaysia, P1 Marine Motorsports CEO, Shafique Iqbal explained, “Malaysia’s diverse demography and tourism potential present an ideal platform for P1 AquaX to expand the marine motorsports culture into Asia as well as put Malaysia on the global stage. Bringing the competition to Malaysian shores has a multiplier effect which includes the creation of job opportunities for youth, stimulating the local economy, and further development of Malaysia’s potential as a global maritime player. This is just the beginning and we look forward to growing the P1 AquaX fan base here.”

LBS-P1 Marine motorsports tie-up promotes local water sports talent and competitive water sports events in Malaysia. (standing, third from left) P1 Marine Motorsports Executive Director, Encik Kadir Rashid; LBS Bina Group Berhad Executive Director, Dato’ Cynthia Lim; P1 Marine Motorsports CEO, Encik Shafique Iqbal; and Powerboat P1 Management Ltd CEO, Mr James Durbin, with winners of 2016 P1 AquaX Malaysia Series.

In addition to uniting the marine motorsports community and enthusiasts, the 2016 P1 AquaX Malaysia Series also aims to be a platform to scout for and train new talent. Promising candidates will have the chance to represent the country in the upcoming P1 Asia AquaX Championship 2017 and P1 World AquaX Championship 2018. As a multiplier effect, the event will also create new job opportunities and skills among the younger generation in the field of commercial water sports as well as the tourism and marine services industry.

The P1 AquaX Malaysia 2016 Series featured two disciplines namely, ‘Enduro’ which involved races taking 30 to 40 minutes to complete; and ‘Sprint’ which takes 10 to 15 minutes to complete. A total of 34 professional competitors nationwide showcased their abilities in a battle of agility and skill to be the first P1 AquaX Malaysia 2016 Series champion.

In the Sprint Spark category, Mohd Danial Mohd Shariff clinched the top spot and a cash prize of RM1,500. Meanwhile, first runner-up, Saifullah Nazar and second runner-up, Raja Nazrin Shah, were awarded cash prizes of RM1,200 and RM800 respectively.

Haji Idzam Norhaidi Haji Mashud topped the Sprint Ski category to claim first place and a cash prize of RM1,500. First runner-up, Muhammad Fadhli Hashim and second runner-up, Muhammad Syahmi Hashim completed the podium line-up, taking home cash prizes of RM1,200 and RM800 respectively.

Facing stiff competition in the Enduro 200HP category, Christopher Keasberry proved his mettle by finishing ahead of the competition. He took home a cash prize of RM2,000. First runner-up, Mohamed Suffian Bin Saidi and second runner-up, Mohd Danial Mohd Shariff took home a cash prize of RM1,000 and RM500 each respectively.

For the Enduro 300HP, Lim Hong Hao upstaged his competitors to win a cash prize of RM2,500. First runner-up, Mohamad Faez Mohamad Noor and second runner-up, Bryan Chia Wai Yuen were each awarded a cash prize of RM2,000 and RM1,000 respectively.

Following weeks of consistent finishes in the previous races leading up to the Grand Finals at D’ Island Residence, Lim Hong Hao claimed the ultimate bragging rights being awarded the first P1 AquaX Malaysia Series Cup. The victory came with a cash prize of RM4,000.

“We are very happy to be collaborating with our partners from P1 Marine Motorsports and play a part in promoting sports tourism by bringing the competition to Malaysian shores for the first time. We also look forward to seeing the Malaysian community enjoy the festivities and competitive spirit of the event,” said Tan Sri Lim.

Tourism Malaysia, through its My Tourism Data Portal, reported that Malaysia welcomed a total of 25.7 million (25,721,251) tourists and RM69.1 billion tourism receipts from January to December 2015. The country has a target of achieving 36 million tourist arrivals and RM168 billion in receipts by 2020. To achieve this, the Government has outlined targets set under the Tourism National Key Economic Area (NKEA) to be achieved through twelve Entry Point Projects (EPPs) clustered under five themes, one of which includes sports.

The 2016 P1 AquaX Malaysia series is a Jet Ski sporting competition adapted from the P1 AquaX franchise of marine motorsports. P1 AquaX was introduced in the United Kingdom in 2011 and expanded its reach to the United States of America (USA) in 2013. This year, the expansion of the championship continues into Southeast Asia and the Great Lakes in the USA.

For more information on the 2016 P1 AquaX Malaysia Series, visit www.p1aquaX.com. To know more about development in D’ Island Residence, please contact 1700-81-8998 or visit www.d-island.com.my.

The post LBS Bina – P1 Marine Motorsports tie-up for greater water sports appreciation appeared first on Malaysia Premier Property and Real Estate Portal.

Worry free:The ample covered parking bays at the Sg Buloh station.

PETALING JAYA: The Klang Valley MRT Lines will not only improve connectivity for people but will also see property value around the stations go up.

Real Estate and Housing Developers’ Association Malaysia (Rehda) past president Datuk Ng Seing Liong said there was already a “positive response” when Phase 1 of the Sg Buloh-Kajang MRT Line (SBK) was announced.

“With the MRT Line in operation, we can expect roughly a 5% to 10% increase in the value of the properties,” said Ng.

He also advised those living near the stations to make full use of the MRT facilities.

National House Buyers Association secretary-general Chang Kim Loong said properties with good connectivity would fetch higher prices and have better capital appreciation.

“Properties located nearer to the MRT Lines and stations may fetch higher prices or rentals,” he said.

Front view: Inside the driver’s compartment of the train.

Chang advised those intending to buy such properties to carry out their own research on the location of all MRT stations and the prices of nearby houses.

“Doing your own homework will pay off significantly in the search for your dream home,” he added.

He also urged potential buyers to ensure that they only purchase from developers with good track record and strong financial standing.

The post Property prices around MRT stations expected to rise appeared first on Malaysia Premier Property and Real Estate Portal.

(From left) Lim, Teoh, Ong, Goh, Wong and Ooi posing with a banner for the My Ideal Homes Photo Contest at the Ideal Property Group main office in Jalan Mahsuri, Bayan Lepas.

IF taking pictures of architecture and buildings is your calling, then look no further than the ‘My Ideal Homes’ photo contest.

Setting its theme on residential and commercial developments by Ideal Property Group, the contest is divided into two categories — Open and Special.

Group chief operating officer Goh Teng Whoo said the Open category is for the public while the Special category for Ideal staff and life members of Penang Press Club.

He said this was the first time they were working with the club in such a contest.

“Photographs of any development projects by Ideal Property Group can be used to take part in the contest,” he said at the company’s main office in Bayan Lepas.

Goh said those who wanted to snap photos of facilities in the group’s condominium buildings could follow their Facebook page.

“There will be an announcement on photography sessions available at the respective sites.

“Our Facebook page will provide the date, time and venue for such photo opportunities,” he said.

Penang Press Club chairman Teoh Boon Liang said the contest would enable photographers to explore and discover the housing projects by Ideal Property Group.

Also present were Ideal Group’s COO Simon Ong and public relations executive Lim Wah Kok as well as the press club’s deputy chairman Wong Soon Eng and assistant treasurer Ooi Chin Ghee.

The top three winners in each category will receive cash prizes of RM3,000, RM2,000 and RM1,000.

There are 10 consolation prizes of RM500 in each category. All the winners will also receive certificates.

There will also be a RM1,000 cash prize for the most popular photo on Facebook.

Ideal Property Group is a Penang-based developer with more than 10 residential and commercial projects to its name for the past 20 years.

Closing date for the contest is 5pm on Feb 28.

To download the contest entry form, visit Ideal Property Group’s Facebook page at https://www.facebook.com/idealpropertygroup or their official website at http://www.idealproperty.cc/.

For details, contact Kate or Lim at 04-6411969.

The post Cash prizes for ideal homes photo contest appeared first on Malaysia Premier Property and Real Estate Portal.

Design your home with inspirations and ideas from celebrities.

StarProperty Sdn Bhd assistant general manager Ernest Towle moderating the celebrity chat on ‘Inspiring Homes’ with celebrities (from L-R) Vanessa Chong, Aishah Sinclair and Jason Godfrey.

By NURUL ASMUI MD AZMI asmui@ocision.com

WHEN you think about celebrities, you immediately associate them with extravagant mansions and luxurious brands, but little did we know that most of them are just like us. Some celebrities do live in modest homes, and more celebrities go home to simple, contemporary and pleasant interior design solutions.

During the recently concluded StarProperty.my Fair in KL Convention Centre, StarProperty.my in collaboration with Life Inspired, hosted a chat with popular celebrities Aishah Sinclair, Jason Godfrey and Vanessa Chong.

Sharing their views and preferences on properties, they describe what makes their interior spaces unique, practical and inspiring.

There are a variety of places that you can go to to shop for quirky decor pieces, from a family favourite store such as Ikea to big names like Authenteak and Nordic Nest. If you are looking for interior design ideas, there’s no better place to start than with the homes of your favourite celebrities. Here are four inspiring ideas to transform your space.

1. Decorating theme
Enhance the interior of your home with a style or theme that suits your tastes perfectly, such as nautical, vintage, classic, retro or contemporary. One of the best ways to get a unique theme is to use nature for inspiration.

Local darling TV personality, radio presenter and emcee Sinclair has incorporated Scandinavian-inspired interiors where she matches wooden flooring with a very light shade of blue, almost grey walls, and a lot of white and wood furniture. The reason why she adores the Scandinavian design is because it is a fine example of reflecting what is on the outside into your home.

According to Sinclair, in Scandinavian countries, especially during the winter, it is very cold. The image of winter is reflected into the clean designed furniture, as well as the colours that they have chosen.

2. Perfect paint colour
Selecting the right paint colour is essential when finding the colours that suit your theme. You should take advantage of the different paint selections to get the perfect paint colour for every room in your house.

If you are inspired by the Scandinavian design like Sinclair, then opt for a muted Scandinavian paint palette such as vaporous blues, soft greys and milky whites. These colours are usually seen everywhere in Scandinavian interiors.

If you’re looking to create a more cosy and inviting atmosphere, especially in the living area, then you might want to consider any one of these warm colour schemes. Using a mix of red, yellow and orange hues to create a living space that warms the heart.

Whatever you decide on, remember to opt for something that would suit your mood.

3. Unique home furnishings
Buying quality furniture sets is the key to keeping them for a long time; well, long enough before you decide to change again.

Popular TV personality, emcee and producer Vanessa Chong mentioned how she loves her walk-in wardrobe as it is something that she has always wanted.

Since the house that she and her husband is living in does not come with a walk-in wardrobe attached to the master bedroom, she decided to create one of her own. By dividing her long bedroom into half with a dry wall, she was able to get the wardrobe of her dreams.

She also has a few teak units, such as her TV table, shelf and divider, which are very durable. In addition to that, she recently changed the flooring outside of her house to timber decking, and that just made a huge difference as it gave the house a very resort-like feel.

Meanwhile, Sinclair is really fond of her antique dresser, one of her favourite furnishings in the house. She acquired the dresser from her mother, and it could be at least 130 years old. She really likes the combination of old and new items in her house right now.

Her advice is it doesn’t matter where you buy your furniture from, but it is how you put together and what you use to accentuate it and accessorise to make it yours.

4. Dazzling decor pieces and wall decal
Different forms of art pieces can help tie a room together. When you browse through a catalogue to find the right style and decoration pieces for your home, try to find a piece that you may be able to put your own personal twist.

Well-known TV personality, actor-model Godfrey leaves the interior decorating process in the capable hands of his girlfriend, who is an interior designer. She likes fun pieces that add some unexpected colour to a place as it makes things more vibrant and fun.

For instance, one day, he came home to a lime green carpet that looks like it is made of grass in the middle of the living area. Despite being sceptical at first, he soon felt that the carpet brought the entire living space together.

Another thing that his girlfriend likes to include is wall decals. Decorating with wall decals is the easiest and fastest way to express creativity on regular walls.

There are many inspiring and styling ways to inject new life into your home. Spaces should stand out, but at the same time also be comfortable and liveable. It is important to find a concept that works with the space that you want to revive, and realise that the interior design of your home should reflect your personality and complement your home.

The post Inspiring celebrity home styles appeared first on Malaysia Premier Property and Real Estate Portal.

The first residential project at Sunsuria City is in an ideal position to be one of the most sought-after addresses in Salak Tinggi, Putrajaya South.

Artist’s impression of the Olympic size lap pool that is surrounded by the soothing green of lush foliage.

By CAITLYN NG LI YUIN liyuin@ocision.com

LIFE in an intelligent city is now a reality, where everything you could possibly want is within easy reach. Sunsuria City is an international lifestyle destination that is the answer to today’s modern homebuyer who is looking for a host of facilities and amenities at one’s fingertips.

This integrated development by the reputable property developer, Sunsuria Bhd, has an ambitious master plan to become a smart, liveable and sustainable township. Artfully designed enclaves welcome both residents and visitors; this is the township of tomorrow, built to bring the best of today.

Sited on an extensive 525-acre plot of freehold land, Sunsuria City consists of various components such as residential, commercial and leisure. Its vision is to provide a more efficient and pleasant lifestyle for its people, while also ensuring that the township promotes a healthy lifestyle and remains rooted in the principles of sustainability.

Piece of art

As one of the projects under the Arts sector of the township, The Olive is an idyllic three-block condominium named after a famous watercolour painter in Spain.

Ceferí Olivé is considered one of the best in his field, having won the first medal of the International Art Gallery in London and also an award of the Railway Painting Exhibition in Spain.

Just as the olive is a symbol of abundance and harmony, and Ceferí Olivé is an accomplished watercolourist, so thus is The Olive poised to become a residence to look out for in Putrajaya South. This condominium will paint the lives of its residents with translucent and luminous colours, and at the same time, bring peace and virtue.

With a dynamic facade, materials such as brick wall panels, steel, plenty of glass and a contemporary colour palette were used. A blend of vertical and flat panels draped across the facade was created to give the blocks an upmarket feel.

The Olive’s three blocks have 21, 19 and 18 storeys, housing a total of 240, 216 and 207 units respectively. The units come with a built-up size of 818 sq ft, and each floor houses 12 units. The space within each unit has been carefully planned so as to construct a living space that can be utilised effectively.

The large 14.8-acre site is filled with lush greenery at not only the recreation zones, but also at the car park areas, jogging paths and cycling tracks. The ground floor of The Olive is to be dedicated entirely to facilities that will allow its residents to fully feel at home, some of which include a multi-purpose hall, yoga deck, gymnasium and three pools.

Sunsuria City

Bold and unique

Having a location in a transit-oriented development (TOD) means that The Olive would be right in the middle of an active and vibrant lifestyle hub. The fully integrated direct connection from all the precincts of Sunsuria City to the Salak Tinggi ERL station allows for fast and easy commute to and from Kuala Lumpur (28 minutes to KL Sentral) as well as KLIA (seven minutes) and KLIA 2 (11 minutes).

Strategically located with easy access to the Elite Highway via a dedicated interchange, while the North- South Central Link Expressway (ELITE) and Maju Expressway (MEX) are just a stone’s throw away, Sunsuria City is in a good position to be one of the most sought-after addresses in the Sepang district.

In addition to the excellent connectivity, Sunsuria City is home to Xiamen University Malaysia Campus (XMUC), which is China’s first overseas university sited on a sprawling 150-acre plot of land. With a total planned floor space of 470,000 sq m, it can cater to a capacity of 20,000 students.

Some of the courses which will be offered include Information Science and Technology, Ocean and Environment, Economics and Management, Medicine as well as Chinese Language and Culture.

There is also Heriot-Watt University Malaysia, University Malaysia of Computer Science & Engineering, Perdana University, Cyberjaya University College of Medical Sciences, Multimedia University, Limkokwing University, Cyber Putra College and Kirkby International College to be taken into consideration.

Sunsuria City is well complemented by a myriad of amenites around it such as universities, colleges, schools, hospitals, police stations, fire stations, shopping malls and recreation centres. It is not only a smart, liveable and sustainable township, it creates a sense of belonging for people with its distinctive unique identity.

For more information, please log on to www.sunsuria.com or call 03-6142 2727

The post The Olive: Picture perfect property appeared first on Malaysia Premier Property and Real Estate Portal.

Realty Tidbits: A recap of recent property happenings

Gamuda celebrates 40th birthday
Gamuda Land is celebrating the 40th anniversary of its parent company, Gamuda Bhd, with the public by giving away gifts around high-traffic areas in the Klang Valley over weekends, including Kajang, Petaling Jaya, Subang, Klang and more.

“We would like to thank everyone for their overwhelming support of our developments and seek their continual support as we introduce more exciting projects in 2017,” said Gamuda Land managing director Chow Chee Wah.

Read more here.

Ekovest clinches RM255mil River of Life contract

Ekovest Bhd has been awarded new packages under the River of Life (RoL) project which are worth RM255.5mil.

The two new packages included Package 4A (Sungai Klang vicinity from Jalan Kinabalu to Jalan Maarof) and Package 4B (Brickfields, including Jalan Scott, Jalan Tun Sambanthan 4, Jalan Thambipillay, Jalan Sultan Abdul Samad, and Jalan Tebing).

Read more here.

I-Bhd to build smart homes with China’s Huawei
Property developer I-Bhd together will be launching its first smart home project, Converse @ i-City, with technology partner Huawei Technologies Co Ltd next April i-City.

The project will have 200 units of smart fully-furnished homes equipped with Internet of Things (IoT) technology as part of its readily available and standard utilities.

Read more here.

EcoFirst to launch RM600mil GDV project
Property developer EcoFirst Consolidated Bhd is launching on its biggest project with a combined gross development value (GDV) of RM600mil in Ulu Klang next month.

This is part of a RM5bil mixed development project known as Ampang Ukay the company is developing over 10 years on a 87 acre site located on the outskirt of the Kuala Lumpur city centre.

Read more here.

Forest City opens Bangsar sales gallery
Forest City recently opened its second international sales gallery at Bangsar, Kuala Lumpur.

“Forest City Kuala Lumpur Sales Gallery will provide one-stop services including project sales, investment consultation and business-to-business cooperation,” said Country Garden Group overseas marketing director Zhang Bingsheng.

Read more here.

Sunway Velocity Mall to open at Cheras
Sunway Velocity Mall, the first shopping mall with a one-million sq ft net lettable area (NLA) to serve the densely populated Cheras population, opened on Dec 8.

Sunway Velocity Mall has 12 key tenants including Parkson, TGV Cinemas, Aeon MaxValu Prime, CHi-X Fitness, Grand Imperial, Uniqlo, Harvey Norman, Padini Concept Store, Popular Bookstore, Home’s Harmony, Toys ‘R’ Us, and JD Sports.

Read more here.

Naza TTDI expect to launch Malaysia’s largest exhibition centre in 2017
Property developer Naza TTDI is expecting the Malaysia International Trade and Exhibition Centre (MITEC) to be fully operational by the first quarter of 2017.

With a GDV of RM810mil, MITEC, the country’s largest exhibition space with a gross exhibition floor area of 92,903 sq m and 11 exhibition halls, will be able to accommodate up to 40,000 visitors at a time.

Naza TTDI also recently launched the KL Metropolis Show Gallery.

Read more here.

SP Setia offers loyal customers free movie screenings
SP Setia Bhd will be offering free movie screenings to loyal customers from now until December 2016.

SP Setia Bhd vice president Datuk Koe Peng Kang said Citizen Setia can expect more exciting and exclusive activities in the weeks to come.

The activities include a chance to catch an exciting trip to London to catch the prestigious and celebrated Royal Horticultural Society (RHS) Chelsea Flower Show 2017, as well as a viewing of the locally produced musical drama “Yours Musically”.

Read more here.

WCT founders exit firm
WCT Holdings Bhd saw a new executive chairman as Datuk Capt Ahmad Sufian was replaced by Tan Sri Desmond Lim Siew Choon, the former executive chairman of Malton Bhd.

WCT also announced the resignation of managing director Peter Taing Kim Hwa, executive director Kenny Wong Yik Kae and independent non-executive director Choo Tak Woh.

Read more here.

Johor company to build affordable homes and a specialist hospital
State investment arm Johor Corporation is set to develop 2,659 houses that includes affordable homes in Sri Gading.

The development on a 95.50ha land, known as Taman Mutiara Gading, would also see the construction of a specialist hospital that costs RM95mil to meet the people’s healthcare needs.

Read more here.

SkyWorld launches last Bennington tower
SkyWorld Development Bhd recently launched Tower A of Bennington Residences. It offers 284 units with two layouts of either single unit or dual-key unit.

The project with two 40-storey towers is located within the SkyArena development in Setapak, Kuala Lumpur. Bennington Residences’ Tower B was launched last year with good take-up rate.

FA_SkyLuxe _SeoulFul Christmas Campaign_A2 Poster

16 December 2016 (Bukit Jalil) – This holiday season, SkyWorld Development Group (“SkyWorld”) once again initiated its Christmas Goodness by spreading the Christmas cheers to not one but for two causes:

1. Christmas Candy Cane Charity Drive

SkyWorld kick started the Christmas Candy Cane Charity Drive to raise funds for the children of Rumah Charis, OUG. The sweet treats, decorated by the children will be hanged at the beautiful Christmas tree @ SkyLuxe On The Park property gallery. Visitors and guests are encouraged to pick their favourite candy and drop off cash donations for the needy. Any amount is welcome and charity drive will end on 8 January 2017.

2. “Seoul-ful” Christmas

Visitors and guests of SkyLuxe On The Park are in for a good surprise! Tomorrow, they will be treated to a host of scrumptious holiday goodness – filled with festive cheers and activities.

When & Where: 17 December 2016 (Saturday) @ SkyLuxe On The Park, Bukit Jalil

Time: 12noon to 5pm

Highlights: Spin the wheel of fortune, chance to post in traditional Korean costume and savour Korean street food, children arts & crafts workshop and try your hand at Korean traditional games and cooking demonstrations! For more info, visit www.skyluxe.com.my.

Decorated Candy Canes to raise funds for Rumah Charis

Mr Lee Chee Seng, Chief Operating Officer of SkyWorld is pleased to spread the Christmas Goodness, “This is the season of giving back to the community, our valued purchasers and the public at large.

So far, all our properties received positive respond, specially SkyLuxe On The Park. We are happy to note that our buyers have given their thumbs up to this maiden project of ours in Bukit Jalil.

Many were attracted to the strategic location of the project which is the gem of Bukit Jalil. Therefore, these festive activities and charity drive is a way of showing that SkyWorld Cares and we appreciate your support.”

SkyWorld Candy Cane Charity Drive

About SkyLuxe On The Park

SkyLuxe On The Park, as its name suggests, sits on a 1.85-acre of freehold land, surrounded by the 80-acre Bukit Jalil Recreational Park and the 165-acre 18-hole Bukit Jalil Golf & Country Resort.

The project is located on the matured Bukit Jalil area, where future residents will be spoilt for choice when it comes to facilities, amenities and its great connectivity to all the major seven highways.

The project will be a walking distance to the park, the golf course and there will be a link bridge to the Pavilion 2 mall.

SkyLuxe On The Park offers 447 units of residences with built-up ranging from 661 sq ft to 1,224 sq ft and priced from RM600,000.

About RM6.5 million is being invested in the landscaping of SkyLuxe On The Park to ensure there are enough green spaces within the development.

The project’s eco-friendly features include inverter lifts, rainwater harvesting units, and a dedicated recycling centre. SkyLuxe On The Park is aiming to become a Green Building Index provisional certified development.

SkyWorld team decorates the candy canes with children of Rumah Charis

In terms of the safety and value-added security features, SkyWorld installs multi-tiered security system, intercom system, electric fencing, CCTVs, 24-hour security, guard tour system and fire protection system.

Just like other developments by SkyWorld, SkyLuxe On The Park is also certified with CONQUAS – a quantitative measure of the overall quality of a building’s workmanship during the various stages of construction.

It acts as an important health scan to check the general workmanship standard of a builder for its project.
With the good track record, SkyWorld is poised to perform well in its future projects.

Many of its future developments are location-centric – within Kuala Lumpur region.

With over 100 acres of quality land banks totaling more than RM10 billion in gross development value, SkyWorld is set to transform the city, one development at a time.

The post SkyWorld Brings Christmas Goodness appeared first on Malaysia Premier Property and Real Estate Portal.

KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on Gamuda Bhdwith a sum-of-parts based fair value of RM5.60 while it sees the company as the best proxy to the booming construction sector in Malaysia.

It said on Monday it had valued Gamuda’s construction business at 16 times CY17 net profit, in line with its benchmark one-year forward price-to-earnings (P/E) of 14 to 16 times for large-cap construction stocks.

“Gamuda’s 1QFY17 results met expectations at 24% and 23% of our full-year forecast and consensus estimate respectively. Overall, its 1QFY17 net profit inched up 1% on-year as Mass Rapid Transit Line One (MRT1) was at the tail-end while MRT2 had yet to start contributing,” it said.

AmInvestment Research said Gamuda hopes to secure contracts worth RM3bil to RM4bil from Gemas-Johor Bahru double tracking, Pan Borneo Sabah Highway and LRT3 over the next 12 months.

“It is equally bullish on the outlook for the local construction sector over the next three years, backed by KL-Singapore high-speed rail, MRT3, Penang Transport Master Plan (PTMP) and East Coast Rail Link,” said the research house.

It also said its forecasts assume Gamuda to secure RM2bil new jobs annually in FY17F and FY18F.

On Gamuda’s 1QFY17 property sales, they jumped 59% on-year to RM430mil due largely to positive performance of Vietnam (which made up about 40% of total sales, with the balance 60% coming from Malaysia).

The company reiterated its property sales target of RM2.12bil in FY17 (37%, 31%, 28%, and 4% from Malaysia, Vietnam, Singapore and Australia respectively), which is comparable to RM2.05bil achieved in FY16.

As at end-1QFY17, unbilled sales were RM1.9bil, up from RM1.2bil three months ago.

“For PTMP, Gamuda has already submitted its plan for the George Town-Bayan Lepas LRT line to Land Transport Commission (SPAD). It hopes to complete the environmental and social impact assessment studies for submission to the Department of Environment by Jan 2017. It expects approvals from 2H2017,” it said.

AmInvestment Research said Gamuda has a dominant role in MRT (as the project delivery partner (PDP) and tunneling contractor) and its involvement in Pan Borneo Highway.

“Gamuda has booked itself a ticket to ride on the next infrastructure/property boom in Penang via its PDP role in PTMP – an initiative by the Penang State Government to improve the road network and public transport system in Penang Island/Seberang Prai, to be funded with reclaimed land and rights to reclaim land,” it said.

The post AmInvestment Research retains Buy on Gamuda, best proxy to construction sector appeared first on Malaysia Premier Property and Real Estate Portal.

Senior citizens watching intently as an instructor demonstrates the correct way to give mouth-to-mouth resuscitation during a first-aid course in Ipoh.

IN ITS endeavour to help build communities that are better prepared to face emergencies and everyday accidents, a property developer holds a first-aid orientation course for 40 senior citizens in Ipoh.

Total Investment Sdn Bhd Executive Director John Chong said first-aid treatment is often the crucial first step in the chain of survival towards saving lives during accidents, disasters or in everyday crisis.

“Based on recent statistics from the St John Ambulance of Malaysia, up to 150,000 people who die each year could have survived had they received first-aid treatment.

“Rescuers do not necessarily have to be medical experts but having basic first aid knowledge can certainly make a major difference,” he said in his speech at the start of the course held in partnership with Pantai Hospital Ipoh.

As a homegrown property developer with a mission to provide quality retirement home through its, GreenAcres Retirement Village project, Chong said it is the company’s responsibility to advocate the initiative for the well-being of the senior community.

“Our mission is that all of you here can be equipped with life-saving skills and give assistance when needed during emergency situations.

“Most of us have, or will at some time, encounter a situation where first aid is needed.

“Saving lives is a matter of skills that can be learned by everyone, young and young-at-heart, everywhere,” he said.

During the course, participants were shown how to attend to emergencies such as burns, bleeding and immobilising fractures before medical help arrives.

Located in Meru, GreenAcres sits on 5.26ha of landscaped environment that offers elder-friendly features, purpose-built amenities and facilities including a recreational clubhouse, tailored to the needs of retirees.

Its first phase of 26 units of villas is targeted for completion by the middle of next year.

The post Developer holds first-aid course for senior citizens appeared first on Malaysia Premier Property and Real Estate Portal.

BY PANG WENXI

A love ballad was part of the performances.

JOHOR BARU: It was a night of beautiful music and dances as some 500 lucky property developer SP Setia buyers were treated to a two-hour interactive musical while they feasted on a banquet dinner.

The buyers, named Citizen Setia, enjoyed a nostalgic night of musical highlights from various music theatre company Dama Asia’s sold-out productions over the years.

The musical, Yours Musically – The Dama Favourites, saw the ensemble performing numbers from plays such as Les Miserables, Butterfly Lovers and The Sound of Music among others.

It was a fusion of the east and west, and truly Malaysian with a mix of Chinese, Malay, Indian and English songs performed during the banquet dinner held at Holiday Villa Hotel here recently.

The long-line of performances included The Moon Speaks For My Heart by Taiwanese singer Teresa Teng, along with Malaysian hit-song Bila Larut Malam by P. Ramlee and Main Shayar To Nahin from famous Bollywood movie Bobby.

A multitude of the performances involved the singers walking between the banquet tables and interacting with the audience, which made the two-hour musical a delightful experience for people from all ages and walks of life.

The company’s divisional general manager Stanley Saw Kim Suan said that the musical performance and banquet dinner was an appreciation gift to their residents and buyers.

“SP Setia has been a long-time supporter of Dama Asia’s productions and would like to share it with our citizens,” he said, adding that the developer had presented Shrek the Musical to 1,000 of their buyers in Kuala Lumpur in June as well.

All Citizen Setia based in Johor Baru, who spent more than RM300,000 on any Setia properties, were invited to the event, with each buyer receiving two tickets to watch the musical, each worth RM400.

The Citizen Setia programme, which was launched earlier this year, is an appreciation programme by the developer to give back to their loyal purchasers by offering various lifestyle experiences such as all-expenses paid trips abroad and other privileges.

In conjunction with SP Setia’s return to the No 1 spot in the recent The Edge Malaysia Top Property Developers Award 2016, the property developer is holding a draw with the prize being an apartment unit at the Battersea Power Station Apartment in London, United Kingdom.

For more information, visit www.spsetia.com.my/citizensetia.

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