Property. News PA INTERNATIONAL PROPERTY CONSULTANTS (KL) SDN MONTH: JULY 2011 ISSUES: 07/2011

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1 MONTH: JULY 2011 ISSUES: 07/2011 Property News PA International Property Consultants is a registered real estate firm committed to providing a comprehensive range of property solutions to meet the needs of investors, occupiers and developers. PA INTERNATIONAL PROPERTY CONSULTANTS (KL) SDN Phone: Fax: Website: research@pa.com.my The Research Division provides core real estate information to clients and internal departments in order to ensure accurate real estate decision-making. Our research team has completed market studies and research work for various ongoing development schemes within Klang Valley, providing comprehensive economic analysis, property market information, forecasts and consulting advice based on reliable sources. We constantly strive to present the most up-to-date market knowledge in order to ensure clients are wellarmed with sufficient data to make the right property decisions.

2 GENERAL ECONOMIC & PROPERTY MARKET GENERAL ECONOMIC & PROPERTY MARKET 1. Headline Inflation Increases to 3.5 per cent in June (Bernama, 29-July-2011) Headline inflation, as measured by the annual percentage change in the Consumer Price Index, increased to 3.5% in June Bank Negara stated that the main contributors to inflation during the month were the food and nonalcoholic beverages and transport categories. Higher food prices were mainly due to increased fish and seafood prices. Inflation in the transport category increased at a slower rate during the month, reflecting the downward adjustment in the price of RON 97 from RM2.90/litre to RM2.80/litre due to the decline in the global crude oil prices in May. The direct impact of the June increased in electricity tariff on CPI was minimal as the increased was confined to household with usage of more than 300kWh. 2. Malaysia s FDI to reach US10 billion in 2011-Mustapa (Bernama, 27-July-2011) M sia on target to reach FDI of RM10bil this year (The Star, 27-July-2011) Foreign direct investment (FDI) inflows to Malaysia are expected to reach US10 billion, surpassing last year s record of US9.1 billion. According to Datuk Seri Mustapa, the International Trade and Industry Minister, the recovering global FDI trends, supported by the government s initiatives such as the Economic Transformation Programme (ETP), would be the key drivers for foreign investments. He also added, in the 1Q 2011 alone total FDI into this country amounted to US$3.7 billion, which was equivalent to 40% of FDI inflows to Malaysia whole of last year. With the 2H 2011 performance forecast to be better from the first half boosted by the implementation of ETP projects, the US$10 billion mark seemed achievable. Last year, total FDI inflow to Malaysia hit an all-time high of US$9.1 billion an increase of 536% from US$1.43 in 2009, due to better economic conditions after the financial crisis in the previous year. 3. City & Country: More homebuyers considering auction properties (The Edge Property, 17-July-2011) According to the auctioneer Razali Hussain, the number of genuine homebuyers looking for homes on the auction market has increased lately. These homes continue to see strong sales as homebuyers prefer landed homes over non-landed. Landed properties are very much in demand, and even sales of homes in location such as Bukit Beruntung are picking up, quoted licensed auctioneer D Yashvanth Rao from Y Roa Enterprise. He also added that property auctions are attracting more bidders compared to last year and most landed homes put up for auctions are quickly snapped up. According to Auction Data Sdn Bhd s CEO Gary Chia, April and March 2011 saw approximately 5,047 and 6,049 properties respectively put up for auction throughout the country. In the Klang Valley, there were 2,895 and 2,941 auction property cases in March and April respectively. There were 72 landed commercial auction properties in April and 91 in March, while 32 land auction cases took place in April, followed by another 32 in May. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 1

3 GENERAL ECONOMIC & PROPERTY MARKET Chia add, the number of bidders has increased in recent months, particularly for auction cases such as Petaling Jaya and Kuala Lumpur, as buying from the auction market is usually cheaper than secondary market. Even auction properties located in Rawang, Sepang and Bangi have seen transactions picking up. The reserve price for an auction property is usually fixed and there is hardly any adjustment to it in the short term or for at least one year. On the condominium market, Chia mentions that there is strong demand for condominiums in KLCC and Mont Kiara, but limited supply in the auction market. The average reserve price for property located at KLCC is RM1,100 per sq ft while in Mont Kiara, it is around RM700 per sq ft. City & Country recently surveyed landed auctioned properties in Klang Valley with a starting price of RM250,000 for the months of March and April Notable auction properties were: o A 3,595 sq ft double-storey link house in Taman Melewar, Batu Caves, Selangor, with a reserve price of RM520,000 that was auctioedn off for RM700,000 in April. o A 1,615 sq ft intermediate double-storey terraced house in Taman Petaling, Kepong Baru, Kuala Lumpur, with a reserve price of RM390,000 was sold for RM530,000. o A 2,393.9 sq ft, three-storey cluster semi-detached house in Acacia Subang, Section U9, Shah Alam with a reserve price of RM710,000 was up for auction for the third time in April. o Another property that was not sold during its second auction in March was a 10, sq ft, individually designed, 2½-storey detached houses in Glenmarie Court, Shah Alam, Selangor, that was priced at RM4,320, Property outlook turns cautious (The Edge Property, 15-July-2011) Industry players and research houses have started to turn cautious on the outlook of the property sector, especially in the higher-end segment, on the back of declining growth rate of residential loan approvals and the poor external factors. This comes amidst the rollout of some mega property such as the 1Malaysia People s Housing Programme (PR1MA) and the impending development of large tracts of land surrounding Greater KL s integrated urban transportation system. The external factors included the negative outlook in the US recovery story, spread of the eurozone debt crisis and inflationary pressure in countries such as China, which also contributed to the cautious outlook. Although projects such as the PR1MA and MY Rapid transit would continue to give a boost to the property sector, the overall Malaysia s economic growth was still dependent on its trading partners. Nonetheless, an industry player said there shouldn t be any worries as long as the location of the property was strategically situated but admitted that the sector s outlook looked gloomy in the medium term. 5. Property boom in Perak (The Star, 8-July-2011) The property market in Perak has enjoyed continuous growth for the past 4 consecutive years. According to the state executive councilor Datuk Dr. Mah Hang Soon, statistics last year showed there were 44,323 transfers of ownership, valued at RM5.75 billion. In 2009, properties worth RM4.44bil changed hands involving 37,043 ownership transfers. The figures showed an increase of 18.9% in terms of the number of transfer of ownership and 29.5% in terms of value. Most of the properties involved were residential, commercial and land purchased for development. On the other hand, despite the transfer of ownership for industrial land recorded only a moderate increase, the occupancy for business space hit about 86% in He also added, the state government would continue to enhance the property market to ensure all catalyst projects would be given due attention. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 2

4 GENERAL ECONOMIC & PROPERTY MARKET Among the projects to be given focus, included the upgrading of Sultan Azlan Shah airport to help enhance the Malaysia My Second Home programme with more frequent flights. Besides, the government is also expecting several projects from the industrial sector in Majung, such as the Vale iron ore hub and the solar panel manufacturing plants. Development of infrastructure, including a new interchange at Alor Pongsu will help to open up to potential for new areas to be developed, hence pushing the property development in the state towards the global market. 6. BNM maintain OPR, raises SRR (The Edge Property, 8-July-2011) Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) unchanged at 3%, but hinted in its monetary policy statement on Thursday, July 7, that it could initiate further monetary tightening to keep inflation in check while sustaining economic growth. The central bank, raised the statutory reserve requirement (SRR) by 100 basis points (bps) from 3% to 4%. BNM said the measure, effective July 16, is pivotal to manage the significant build-up of liquidity which might result in financial imbalances and creates risks to financial stability. According to BNM, global economic recovery in the 2Q 2011 was affected by supply disruptions due to natural disasters and geopolitical developments, apart from the impact of fiscal consolidation, uncertain conditions in global financial markets and higher commodity prices. The OPR has been raised four times, 25bsp each, since March In May, the country s inflation, as measured by the consumer price index (CPI), rose 3.3% from a year earlier, a 25-month high. Economists expect the CPI to rise further in the near term, spurred by electricity tariff and gas price hikes, apart from global commodity and food prices. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 3

5 LAND TRANSACTIONS LAND TRANSACTIONS 7. Agriculture land sale in Klang, Kuala Lumpur (Bursa Malaysia, 29-July-2011) Vendor Within the matured residential schems of Taman Chi Liung, Taman Bayu Emas and Taman Bayu Perdana, Klang. Apple Talk Sdn. Bhd. Purchaser Serta Usaha Sdn. Bhd. (subsidiary of GSB Group Berhad) Land tenure Freehold Title details Held under GM 5148, Lot 791 Mukim/ District Mukim of Klang, Tempat Telok Gadong Road, District of Klang, Selangor Darul Ehsan. Description The Land is a vacant land sited on the second layer from the main access road namely Jalan Baru Unjur. Land area 264,082 sq ft ( hectares) Price RM30.29 per sq ft Date of SPA 29 July Development land sale in Kuantan, Pahang (Bursa Malaysia, 13-July-2011) Vendor Ladang Bukit Kuin, Kuantan Pahang Lembaga Kemajuan Perusahaan Pertanian Negeri Pahang (LKPP) Purchaser Syarikat Ladang LKPP Sdn Bhd (subsidiary of Astral Asia Berhad) Land tenure Leasehold Title details HS(D) PT No Mukim/ District Mukim of Kuantan, District of Kuantan, State of Pahang Description The land known as Ladang Bukit Kuin has been proposed for a mixed property development incorporating, amongst others, the proposed development of Kuantan Hi-Tech Park (KuHTP), which had been approved in principle by Majlis Perancang Fizikal Negara and LKPP. The land is currently a mature oil palm estate. Land area hectare Price RM1,125, Date of SPA 13 July 2011 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 4

6 LAND TRANSACTIONS 9. Agriculture land sale in Cheras, Kuala Lumpur (Bursa Malaysia, 1-July-2011) Vendor Bandar Damai Perdana in Cheras, Kuala Lumpur Panelbrick Systems Builders (M) Sdn. Bhd. Purchaser Medan Damai Sdn. Bhd. (a wholly-owned subsidiary of Mahajaya Berhad) Land tenure Freehold Title details Held under Geran Mukim 1104, Lot 1531, Mukim/ District Mukim of Cheras, Tempat Hulu Sungai Balak, District of Hulu Langat, State of Selangor. Description The Land form part of on-going township development project commenced by the MDSB which is known as Bandar Damai Perdana in Cheras, Kuala Lumpur. Land area 432,881 sq ft( hectares) Price RM28.00 per sq ft Date of SPA 1 July 2011 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 5

7 RESIDENTIAL RESIDENTIAL PROPERTY IN KLANG VALLEY 10. More than 50% of Aquina units taken at initial launch (The Star, 29-July-2011) Aquina Residences, TTDI Alam Impian TTDI Alam Impian, Shah Alam NAZA TTDI Sdn Bhd 2-storey terrace houses No. of units 126 2,476-4,224 sq ft Selling price RM606,000 - RM1,500,000 An artist s impression of Aquina Residences Selling performance 54% Features Aquina Residences are further improved from previous phases in terms of design and features and built-up areas increased in order to cater to demand for bigger units. As with other phases, Aquina Residences will also be provided with guard facilities. Notes TTDI Alam Impian is a 208-acre township in Section 35, Shah Alam, a 10-minute drive from Shah Alam city centre. The township will comprise 15 development phases that include residential units from linked houses to bungalows, apartments, retail and commercial centers and other facilities such as schools, community halls and recreation parks. The earlier phases of Spira, Viola and Sephira have been fully sold with Spira owners having taken vacant possession of their units in early The Viola units are expected to be completed at the end of this year and the Sephira units next year. 11. Residential sale in Taman Aman Perdana, Klang (Bursa Malaysia, 29-July-2011) Vendor No. 16, Jalan Aman Perdana, 7Q/KU5, Taman Aman Perdana, Klang. Yung Kong Galvanising Berhad. Purchaser Alexander Hii Lu Kwong and Bee Tin Land tenure N/A Title details N/A Mukim/ District N/A Description The property is a unit of furnished double storey detached bungalow. The bungalow were acquired in 2006 at a total consideration sum of RM595,272 and subsequently furnished with basic furniture and fittings for RM71,100. Land area N/A N/A Price RM700,000 Date of SPA 27 July 2011 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 6

8 COMMERCIAL 12. Gardenz to see soft launch (The Edge Property, 26-June-2011) South, Seri Kembangan Seri Kembangan, Selangor Hua Yang Bhd GDV RM154 million Serviced Apartment Level / Block 23-storey / 2 blocks No. of units 377 but only 54 units are open for sale during soft launch 1,020-1,220 sq ft An artist s impression of One South selling price RM380,000 - RM450,000 (price subjected to the first 54 units on soft launched) Service charge RM0.25 per sq ft Launched date 30 July 2011 (Soft launch) Facilities Gardenz has facilities spread across the first and second floors. Infinity and wading pools and floating timber deck at the pool area, Jacuzzi, sauna/steam room, gymnasium, jogging track, two squash courts, full basketball court, floating indoor badminton courts, table tennis and snooker room. In addition there will also be 30 lifestyle facilities including a KTV room, AV room/mini theatre, residents lounge, yoga/aerobics room, tuition room, reading room, WiFi room, games room, BBQ pit, function room and reflexology paths. Each unit will be allocated two covered car parks. Unique selling points Named Gardenz due to its green concept with a contemporary twist. Gardenz have 5 elements theme and the luxurious space of its units. The development will incorporate themes of metal, wood, water, earth and fire elements. The Kinship Garden (metal), symbolized by statuettes, sundials and wind chimes making it a good spot for work or study. The Bountiful Garden (water) will feature clear pools and ponds, whilst the Summer Garden (fire) offers the development a burst of colour and passion, stimulating healthy-flowing qi. The Terracota Grove (earth) and Willow Orchard (wood) both offer breezy pockets of solitude and retreat within Gardenz. Gardenz is considered a low density development with 9 units per floor served by 3 lifts. Notes Gardenz is the third phase of Hua Yang s One South, its biggest project in Klang Valley, comprising of shop offices, serviced apartments, SOHO units and office towers. One South spans across 16.7 acres on a leasehold land and is worth RM840 million. One South s Phase 1 has a GDV of RM216 million and comprised retail and office units. Launched in April 2010, its retail units were sold out by June of the same year and its office units had take-up rates of 73%. Phase 2 of One South, with a GDV of RM154 million, is called Parc@One South, comprising serviced apartments, and it is fully booked. Future launches in One South would be its two final phases, Phase 4 and Phase 5. Phase 4 will have two blocks of serviced apartments, and is expected to be launched in the 1Q of Phase 5 will be an office tower and is expected to be launched in 3Q of Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 7

9 RESIDENTIAL 13. Sun City s V Residence apartments 60% sold (The Edge Property, 19-June-2011) V Residence, Sunway Velocity Jalan Cochrane, Kuala Lumpur Sunway City Bhd GDV RM300 million Tenure Freehold Serviced apartment Level/Block 18-storey No. of units 264 Typical : 915-1,728 sq ft (vary in 11 layout designs) Duplex : 1,884-2,368 sq ft (vary in 10 layout designs) Selling price average 850 per sq ft Service charge RM0.40 per sq ft Sales performance 60% Launching date 16 July 2011 An artist s impression of V Residence Completion 2014 Notes Sunway Velocity is the RM3 billion joint venture mixed development landowner Fawanis Sdn Bhd and SunCity, on 22 acres of commercial land. It will comprise shops, office suites, serviced apartments, a shopping mall, office towers, hotels and shop offices, to be developed over 3 phases. Sunway Velocity was designed to allow residents to experience a contemporary lifestyle where they can live, work, shop and relax in one destination. V Residence is targeted at local and international property investors, upper middle income groups that pursue modern lifestyle living, upgraders inside and outside the vicinities, and parents buying for their children. Phase 3, which comprise retail shops and office suites, will be launched next. 14. City & Country: LBI Capital to diversify into hospitality (The Edge Property, 17-July-2011) LBI Capital Bhd look set to diversify into the hospitality industry with its proposed hotel developments in Genting Highland and Batu Ferringhi in Penang. In addition, it also has few others developments which include: Area Aman Jaya, Seksyen 14, Petaling Jaya Desa Saujana Putra Description Aman Jaya is a luxury residential product that will only be sold by invitation only. The 11 units of 3- storey bungalows will be developed on a 3.1-acre leasehold parcel in Section 14, Petaling Jaya. The land which is situated at the boundary of Section 14 and Kampung Tuanku, and not far from the Paramount LRT station, Aman Jaya park and Sri Aman secondary school, was bought in May 2009 for about RM74 per sq ft. The GDV of the project is RM50 million. The bungalow will also have a courtyard on the top floor and meditation area, which can be used for meditation, yoga or prayers, irrespective of the owner s race or religion. Aman Jaya will be offering built-ups from 7,100 sq ft and land sizes from 7,000 sq ft, with prices ranging from RM3.9 million to RM6.0 million. LBI Capital has another residential project named Desa Saujana@Bandar Saujana Putra in Hulu Langat, which is not far from Puchong where it is building 170 units of 2-storey terrace houses. There are 2 types of houses to choose from, namely Saujana and Putra. The houses, measuring 70ft by 20ft with built-ups from 1,620 sq ft, are priced between RM338,000 and RM578,000. The leasehold project sits on a 10.2-acre of land and has a GDV of more than RM60 million. Phase 1 of Desa Saujana, which has 2 phases, was pre-launched on April 11. Of the 74 units, 33 have been sold to date. Puchong I-Hub The developer is also going to launch an industrial project in Puchong Mas. The 36-acre leasehold development will feature 4 semi-detached, 26 detached and 15 low-cost factories that are ideal for small and medium enterprises. The built-ups will range from 10,000-16,000 sq ft, while the land sizes will be from 20,000 to 40,000 sq ft and the selling prices starting from RM3.0 million. Puncak Lagenda, Other projects in the pipelines include the development of SoHo units on the last parcel of land in Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 8

10 RESIDENTIAL Johor the group s Puncak Lagenda development in Johor, which is about 12km from Johor Baru city centre. The proposed SoHo units on the 1.2-acre remaining land is still pending approval. It is sited just behind Kemayan City, an abandoned shopping complex, which is understood to be revived. The 13-acre Puncak Lagenda development has shops, apartments, terraced and semi-detached houses, all being fully taken-up. Others LBI Capital also recently acquired a 2.5-acre commercial leasehold plot of land in Shah Alam. Plans for land are still being finalized. Note: Please refer No. 39 for further details on the hotel development in Genting Highland and Batu Ferringhi 15. TTDI s future landmarks (The Star, 16-July-2011) The Greens Jalan Wan Kadir 3, Taman Tun Dr Ismail (TTDI) Bellworth Developments Sdn Bhd, a subsidiary of LGB Group. GDV RM310 million Tenure Freehold Condominium Level/Block 27-storey / 2 blocks No of units 165 Unit per floor Block A : 3 units per floor Block B : 5 units per floor 1,442-3,823 sq ft Vary in 5 types with 2+1, 3+1, and 4+1. An artist s impression of The Greens Selling price Average RM700 per sq ft Launching date End of 3Q 2011 Completion 4Q 2014 Facilities Equipped with a security system, connecting audio intercoms between each unit and the guardhouse, multi-stage flash card access at guard house, car park, main lobby and lifts as well as CCTV coverage of perimeter fencing, main entrance, lift lobbies and car parks. An auxiliary retail space of 20,000 sq ft will be set aside for food and beverage outlets at the Greens. 5 levels of car park areas will be built, with more than 500 bays with separate entrances for the residents and the public for enhanced security. Units sized from 1,442 sq ft to 2,426 sq ft will come with 2 car park bays while larger units will comes with 3 bays. Features All bedrooms (except the utility room) come with split unit air-conditioning while selected units will have ducted air-conditioning system to the living, dining and dry kitchen. The dry kitchens will be equipped with full cabinetry and electrical appliances such as cooker hood, hob, microwave and convention ovens. Hot water will be provided in the kitchens and all bathrooms. All units will also be fitted and finished with imported marble in the living and dining areas, and the master bathroom and dry kithen, while solid timber floorings are installed in all bedrooms and the family area. Notes The Greens is sited on one of the last remaining landbanks available in TTDI hence, the developer decided to developed a sustainable luxury residential development targeted at professionals, corporate executives, those seeking mid to larger sized units for multigenerational living as well as current TTDI residents who are looking up to upgrade into a secure vertical community. The Greens was named for the fact that if offers spectacular views of over 900 acres of lush greenery encompassing Bukit Kiara Hills and forest reserves, Bukit Kiara Park, Bukit Kiara Equestrian Club, Kuala Lumpur Golf and Country Club, Kelab Golf Perkhidmatan Awam Malaysia and Royal Selangor Club, all set against the backdrop of the iconic Petronas Twin Towers and KL city skyline. 60% of the units will have views of greenery while the remainder units which area sized Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 9

11 RESIDENTIAL 1,680 sq ft and bellow, will have views of One World Hotel and Bandar Utama. Some units will also be facing Section 16, Petaling Jaya and Damansara Kim. The Greens will also be compliant with Malaysia s Green Building Index (GBI). 16. St John Woods Residence in Kuala Lumpur previews this wekend (The Edge Property, 13-July-2011) GDV Level / Block St John Woods Residence Persiaran raja Chulan, Kuala Lumpur AM-EL Group Sdn Bhd RM180 million Condominium 33-storey / 1 block No. of units 48 Tenure Leasehold Development land area 0.6 acres 3,660-4,489 sq ft selling price RM3.3 - RM4.4 million (from RM900 per sq ft) Service charge RM0.45 Completion date June 2014 Unique selling points There will be only one unit per floor and units starts from 8 th floor to ensure each home An artist s impression of St John Woods Residence captures the views of KL City Centre and Bukit Nanas Forest Reserve. Notes The developer will not be targeting the mass market, but rather the niche market. Only a limited number of individuals will be specially invited to the preview event and AM-EL Group believes the invitees will be pleasantly surprised when the units are revealed. 17. Semarak Avenue targeted fro 3Q 2012 (The Edge Property, 13-July-2011) Development Semarak Avenue Alam Impian Descriptions According to Naza TTDI Sdn Bhd managing director, SM Faliq Sm Nasimudin, Naza TTDI is planning to launch its Semarak Avenue mixed development at Jalan Semarak in 3Q2012. The project has a gross development value of RM1 billion and will comprise 1,625 housing and commercial units built over a 14-acre tract of land. On TTDI Alam Impian project, the group is planning to launch the next phase on July 30, which will consist of 136 units of link houses. The prices of the link houses range from RM600,000 to 700,000 with built-ups from 2,200 sq ft while land areas start from 20 ft x 80 ft to 24 ft x 80 ft Naza TTDI and Telekom Malaysia Bhd had inked a deal on Wednesday for the latter to supply high speed broadband (HSBB) UniFi triple-play services of voice, video and internet connectivity to their 208-acre, RM1.3 billion TTDI Alam Impian township in Shah Alam. Of the total 12 phases, four have been launched. The homes offered there are link houses, bungalows and semi-detached houses. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 10

12 RESIDENTIAL 18. Lakeside property in Sg Besi good response (The Star, 8-July-2011) Grove (Phase 3), Lake Fields Sg. Besi, Kuala Lumpur YTL Land & Development 3-storey semi-detached No. of units 102 4,300-5,900 sq ft Selling price From 1.8 million Selling performance 100% (sold out within 2 day of its preview) An artist s impression of Grove, Lake Field Features Available in choices of a sky garden or 7 parking bays with lift access. 4+1 bedrooms and en suite bathrooms All master suites comes with a private terrace or outdoor shower and the generous space of the homes is further reflected in its open and airy interiors and floor-to-ceiling windows. Residents can also enjoy the outdoor with their families as Grove s lush landscape environment comprises a park for kids and green meandering street for evening strolls. Notes Previously, 343 units of the 3-storey terrace house in the second phase, Dale, were also snapped up ahead of its launch. Lake Fields popularity as a modern residential development coupled with Sg. Besi s strategic location that is well-connected with multiple highways and public transport, makes it a highly in demanded residential area in Kuala Lumpur. 19. Prime Minister launches 1Malaysia Housing Programme phase one (The Star, 4-July-2011) Prime Minister Datuk Seri Najib Tun Razak today launched phase one of the 1Malaysia Housing Programme (PR1MA) which involves the construction of 42,000 houses in 20 strategic sites. Eight projects were expected to commence this year and in 2012, on the 20 sites which had been identified in the Klang Valley, Rawang and Seremban. PR1MA was specifically for moderate-income Malaysians earning not more than RM6,000 monthly regardless whether they work with the government, the private sector or selfemployed. The first PR1MA scheme in Precinct 11 provides for 560 apartment units on 7.6 acres of land. Each unit would be sold between RM150,000 and RM300,000 depending on location and size. The size of each unit would be between of 800 sq ft and 1,400 sq ft with three bedrooms and two bathrooms. The applicants must be the first time buyers for the PR1MA scheme and need to occupy the house and they can obtain loan up to 105% from selected financial institutions with a payback period up to 30 years. To prevent speculative activities among buyers whose intention is to sell for immediate profits, PR1MA house buyers are not allowed to sell the house within 10 years. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 11

13 RESIDENTIAL 20. LBS to lauch high-end RM3.5bil D Island Residence in September (The Star, 2-July-2011) D Island Residence Puchong LBS Bina Group Bhd GDV RM3.5 billion Super-link houses, semi-detached homes, bungalows, high-end condominiums and commercial lots. No. of units Super-link houses: 237 Semi-detached homes: 298 Bungalows:148 High-end condominiums:352 An artist s impression of Balvia Commercial lots: 2 blocks Selling price Semi-detached homes: From RM2.38 million (the latest launched) Notes D Island will be developed based on the tagline Island Retreat, Urban Charm and will promote modern lifestyle living. It will have a clubhouse and adopt environment friendly features like rainwater harvesting system and light-emitting diode street lights. D Island is expected to be completed within five to seven years. track LBS has been building affordable homes at Bandar Saujana Putra, its flagship development record spanning over 835 acres in Selangor. Houses price above RM350,000 will constitute 60% of those that will be built by LBS. RESIDENTIAL PROPERTY IN NORTHERN /EASTERN PENINSULAR 21. Comfortable luxury homes (The Star, 16-July-2011) All Seasons Park Palmyra Residences Bukit Dumbar Residences 6 Western Avenue Penang Balik Pulau, Penang Penang Jalan Utama,Penang Belleview Group Belleview Group Belleview Group Belleview Group Apartment Terrace and semi-detached Terrace and semidetached Bungalow houses houses No. of units ,323 sq ft N/A N/A N/A Selling price RM308,900 - Terrace: RM542,900 From RM1.15 million From RM5.6 million RM524,900 Semi-detached: RM690,000 Selling performance 80% 95% 80% 50% Marketing strategy 8% rebate to buyers for the All Seasons Park, Palmyra Residences and Bukit Residences. Notes All Seasons Park Due to positive response, the developer planned to launch the final phase of 220 apartments in 1Q Value of All Seasons Park is expected to increase by the launch of a 45,000 sq ft supermarket and 120 retail lots for its commercial hub, All Season Place. Palmyra Residences The project features wide spaces, tranquility and wholesome ambience of a green and lush environment. Bukit Dumbar Residences Located away from hustle and bustle of city life incorporating modern architectural designs along with space and function. 6 Western Avenue Described as a private sanctuary featuring simplicity in luxury living. Purchasers need only pay 2% as down payment. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 12

14 RESIDENTIAL 22. Resort bungalows going fast (The Star, 11-July-2011) Batu Maung, Penang Mah Sing Properties 3-storey and 4-storey resort bungalow No. of units 76 Land area 7,500 sq ft 6,800-7,000 sq ft Selling price RM4.0 - RM4.7 million Selling performance 40% Completion date End of 2013 Lagenda@Southbay Features Featuring a private lift, home automation system, a personal pool with spacious deck, as well as multiple-deck balconies. Notes There are 3 variations of bungalow called Scenic, Duluxe and Grande. Each variation is built on different types of terrain. For example, the Legenda Grande has an infinity pool on the lower ground floor which makes it the only 4-storey bungalow variation offered at Legenda@Southbay 23. Ensconced in luxury (The Star, 9-July-2011) Botanica CT (Phase 4) Botanica CT (Phase 5) Balik Pulau Balik Pulau MTT Properties Sdn Bhd MTT Properties Sdn Bhd 3-storey hillside villas Townhouse, terrace and semi-detached houses No. of units 29 Townhouse: 80 terrace and semi-detached: 120 Land area 9,000-16,000 sq ft N/A 6,000 sq ft Townhouse: 1,000 sq ft Selling price RM3.0 million Townhouse: RM300,000 Launched date 4Q 2011 Townhouse: 2012 Features Botanica CT (Phase 4) Featuring 5 bedrooms and a large car porch equipped with swimming pool, water features, lanai, pool deck, Jacuzzi and cabana. Dubbed to be the most expensive homes to be built in An artist s impression of hillside villas, Balik Pulau Notes The Botanica CT garden township was sited on a 121-hectare (300 acres) Botanica site. CT MTT recently completed the construction of its Prince Wales Island International School within the township to enhance the attraction of Botanica CT. To date, MTT had sold 60% of the 103 units of terrace and semi-detached houses in Phase 3 with built-up areas ranging between 2,500 sq ft and 3,500 sq ft and priced between RM620,000 - RM1,200,000 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 13

15 RESIDENTIAL RESIDENTIAL PROPERTY IN SOUTHERN PENINSULAR 24. Aviva Green gets good response (The Edge Property, 15-June-2011) Aviva Green Seremban 2, Negeri Sembilan IJM Land Bhd GDV RM135 million Tenure Freehold Development land area 10.5 hectares Semi-detached & Bungalow No. of units 180 Land area 3,200-7,216 sq ft 2,670-2,880 sq ft Selling price Semi-detached : RM781,956 - RM1.01 million Aviva Green Bungalow : RM1.22 million Sales performance 60% (of the 100 units open for sale) Launching date 10 July 2011 Completion date December 2012 Feature The development is a guarded and gated community. Each home comes with en-suite bathrooms, three-phase power supply, high ceilings, tall and wide windows, solar water heater with built hot water pipes and alarm system. Marketing strategy Free legal fees, stamp duty and 0% interest during construction. Notes Aviva Green is within easy reach of banks, government complexes, schools, shopping and entertainment spots. It is also located about 30km away from Kuala Lumpur International Airport (KLIA), Port Dickson and the Sepang International F1 Circuit. It is targeted for the high income professionals in their late 30s to 50s. Buyers are expected to be mostly from Seremban with a small percentage from Kuala Lumpur. future launches IJM land will launch Safiya and Savannah in S2 Heights, an extension of Seremban 2, sometime in September or October. Safiyah and Savannah comprises 58 units of 2½ and 2- storey semi-detached houses with indicative prices of RM650,000 and above. The combined GDV of both developments is estimated to be about RM39 million. It will also launch 63 units of 22ft by 70ft double storey terrace homes in S2 Heights called Sevita. Indicative prices for these are from RM360,000. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 14

16 COMMERCIAL COMMERCIAL PROPERTY IN KLANG VALLEY 25. Office sale in Jalan Yap Kwan Seng (Bursa Malaysia, 29-July-2011) Vendor B-13-06, Block B, 13th Floor, Unit 6, Megan Avenue II, No. 12, Jalan Yap Kwan Seng, Kuala Lumpur. Terasasi Sdn. Bhd. Purchaser M-Mode Berhad Land tenure Freehold Title details Held under Strata Title Registered No. Grant 37731/M1-B/13/260, Parcel No 260 within Storey No. 13 of Building No. M1-B on Lot 144 Mukim/ District Section 44, Town and District of Kuala Lumpur. Description The property is currently vacant and intended to be used as office premises for MMODE and its subsidiary companies. 2,432 sq ft Price RM530 per sq ft Date of SPA 29 July Pavilion KL expects retail sales of RM48 million at Tokyo Street (Bernama, 29-July-2011) The Pavilion Kuala Lumpur (Pavilion KL), a premium shopping mall, expects retail sales of RM48 million for the first year of its newest precinct, Tokyo Street. According to the Retail Chief Executive Offices of Pavilion KL, Joyce Yap, the projection is based on 3,000,000 visitors to the mall and also the rising trend of Japanese culture in Malaysia. Last year, Pavilion KL recorded total retail sales of RM1.7 billion. Tokyo Street was inspired by Asakusa, a district in Tokyo with urban cosmopolite feel and the heritage and tradition of Japan. It offers a mix of Japanese food and beverage, retail and services brands. Situated on level 6, there are 32 tenants at Tokyo Street with 70% of the brand making their debut in Malaysia. Yap added that the products and services offered at Tokyo Street are reasonable compared with Japan, as the pricing is in line with the disposable income and living standard in Malaysia. Pavilion KL aims to recognize Tokyo Street as a prime tourist destination in Bukit Bintang, targeting 70% locals and 30% tourists. 27. Trefoil SoFo units over 60% sold (The Edge Property, 29-July-2011) Trefoil SoFo Commercial Precinct, Setia Alam, Shah Alam SP Setia Sdn Bhd GDV RM450 million SoFo (small office flexible office) Level / Block Block A : 35-storey Block B : 36-storey Block C : 35-storey No. of units 1, sq ft selling price RM245,000 - RM450,000 An artist s impression of Trefoil SoFo Launched date 23 July 2011 Sales performance 60% Facilities 50m lap pool, pebble stream, Jacuzzi, wading pool, fitness station, multipurpose hall, reflexology Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 15

17 COMMERCIAL garden, yoga deck, sundeck, jogging track and grand lawn. Unique selling points SoFo units offers buyers greater flexibility to create a property of their choice to be residential or office use. All the units are without internal partitions, therefore allowing the owners or occupants the flexibility to customize or fit-out the units to their requirements. The only SoFo development in Setia Alam. Notes S P Setia had also launched the RM5 billion Setia City integrated green commercial hub which will include 40 corporate towers and service apartments spanning over 240 acres. Meanwhile, about 80% of its much-anticipated Setia Mall s nett lettable area has been leased and the mall is slated to officially open in The next launch will comprise service apartments with built-up from 750 sq ft scheduled to be launched in 2Q New commercial address in Bandar Baru Seri Petaling (The Star, 22-July-2011) Zone J6 Bandar Baru Seri Petaling, Kuala Lumpur Petaling Garden Sdn Bhd ( subsidiary of I&P Group Sdn Bhd) 3 & 4-storey shop offices No. of units 3-storey shop offices: 28 4-storey shop offices: 12 An artist s impression of Zone J6 Total : 40 3-storey shop offices: 5,237-12,152 sq ft (vary in 5 floor design) 4-storey shop offices: 7,135-17,906 sq ft (vary in 3 floor design) selling price 3-storey shop offices: RM2,500,888 - RM6,111,888 4-storey shop offices: RM3,365,888 - RM8,465,888 Notes Zone J6 sits on a 1.57-hectare land within Bandar Baru Seri Petaling which is situated at the border of the Golden Triangle opposite the Bukit Jalil Sports Complex, a vibrant and selfcontained township through its convenience of many amenities and facilities and its easy accessibility. The 251-hectare township boasts excellent infrastructure and is easily accessible from major highways such as KESAS, MRR2, NPE and MEX Highway. 29. Icon City gets more than RM400m in sale (The Edge Property, 18-June-2011) GDV SS8, Petaling Jaya Icon City Mah Sing Bhd i-sovo : RM226 million I-SoVo : Small office versatile office 30 Jewel : shop offices Gourmet Street : retail shops Level / Block I-SoVo : 2 blocks (Block 3 and 3A) 30 Jewel : 7 to 8-storey Gourmet Street : 1 and 2-storey No. of units I-SoVo : Jewel : 30 Gourmet Street : 46 / Land area I-SoVo : 745-1,094 sq ft 30 Jewel : 25 x 75 ft (1,900 sq ft) - 25 X 79 ft An artist s impression of Icon City Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 16

18 COMMERCIAL (1,975 sq ft) (land area) Gourmet Street : N/A selling price I-SoVo : From RM599, Jewel : RM7.7 - RM16.0 million Gourmet Street : N/A Sales performance I-SoVo : 100% (based on the 148 units launched on 16 July 2011) 30 Jewel : 97% (only 1 unit left for sale) Gourmet Street : 33 % (based in the 36 units launch on 16 July 2011) Launched date 16 July 2011 Notes Icon City s strategic location with accessibility via a network of highways such as NKVE, ELITE, NPE and KESAS and public transportation via road or rail such as the Seri Setia and Setia Jaya KTM stations and Kelana Jaya LRT station, would serve the business community and residents well. Icon City offers a contemporary live, work and play concept within a green and sustainable development. 30. TTDI s future landmarks (The Star, 19-June-2011) Menara LGB Jalan Wan Kadir 3, Taman Tun Dr Ismail (TTDI) Bellworth Developments Sdn Bhd a subsidiary of LGB Group. GDV RM390 million Tenure Freehold Office Tower Level/Block 31-storey Gross floor area 561,570 sq ft Nett floor area 414,119 sq ft Estimate lease price RM RM6.0 per sq ft Facilities Facilities will include a gym, bank, bistros and cafes, a An artist s impression of Menara LGB food court and about 710 car park bays. Completion 1Q 2013 Features Menara LGB will be one of the few buildings in Klang Valley equipped with a chilled water storage tank, housed at the basement level to cool the building. It will feature a distinctive modern contemporary façade wrapped in aluminum and Low E laminated glazing. The building will also have infrastructure that supports dual power feed and a multiple telecommunication service environment equipped with high speed bandwidth and CAT6E cables for date communication. Menara LGB will also feature an intelligence building management system to control, monitor and optimized services such as lighting, fire protection, air conditioning, security, CCTV surveillance and alarm system, ventilation, filtration and climate-control ventilation. 80% of its site area will be allocated to hard and soft landscaping with open public space. Notes is targeting local and multinational companies who are looking to operate in a Grade A office environment. The tower is designed to comply with the Multimedia Super Corridor (MSC) Cybercentre status, Singapore s Building & Construction Authority (BCA) Green Mark (Gold Accreditation and Malaysia s GBI. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 17

19 COMMERCIAL 31. New retail centre in Kuchai Lama (The Star, 15-July-2011) Seri Gembira Avenue Jalan Senang Ria, Kuchai Lama Tulin Development Sdn Bhd 5-storey shop offices and commercial lots Level / Block 5-storey / 4 blocks No. of units Shops and offices : 200 Commercial lots : Ground floor (shops) : 1,250-1,530 sq ft Upper floor (offices) : 1,270-2,420 sq ft Commercial Lots : 10,000-12,000 sq ft Nett lettable area 400,000 sq ft An artist s impression of Seri Gembira Avenue selling price From RM3.7 million (end-block sales) Completion date 2014 Features Units on the first floor will be fitted with full length windows that allow better frontage and visibility. The upper floors are accessible by lifts and there are wide common walkways on every floor, and each of the two blocks is accessible via linked bridges. The business centre will feature a clear roof canopy. The development will include 3 levels of semi-basement car park with over 700 parking bays. Commercial lots in the semi-basement level can be utilized by supermarkets and food court operator. A section of the of the office suites on block A will also have a view of the Kuala Lumpur skyline. Notes Seri Gembira Avenue is only 10 minutes away from city centre via the Sungai Besi Besraya Highway, KL- Seremban Highway and Maju Expressway, while accessible to other parts of Klang Valley via Jalan Kelang Lama, Federal Highway, KESAS Highway, and the MRR2 Highway. Public transportation is also available with the Sri Petaling LRT station being only five minutes drive away. 32. Laman PKNS to aim for GBI Platinum (The Edge Property, 1-July-2011) An artist s impression of Laman PKNS The green features of the Selangor State Development Corporation or PKNS s new headquarters in Shah Alam are expected to result in long-term saving in utilities of up to 60%, according to the general manager Othman Omar. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 18

20 COMMERCIAL He added that PKNS were aiming for a Green Building Index (GBI) Platinum rating for the new headquarters named Laman PKNS and it has appointed an international consultant to achieve this. The development will adopt green features such as solar tubes to low-emissivity glass to offset radiant heat, energy saving LED lights in its offices and rainwater harvesting for landscaping purpose. Laman PKNS will be built on a 4.6-acre (1.84 hectare) tract at the intersection of Persiaran Indah, Jalan Indah and Persiaran Sultan in Section 14 of the state s administrative capital here. It will contain 500,000 sq ft of gross floor area within four blocks of building, with half of it to be allocated for offices. Laman PKNS is expected to add 2.76 acres to the city s outdoor space, with the building s ground floor open to the general public. Work on the new headquarters began last year and is slated to end in PKNS has a slew of property developments in the pipeline, notably the redevelopment of its old assets such as its old headquarters Menara PKNS in Petaling Jaya and urban redevelopment projects called PJ Sentral Garden City, PJ Elevated City, Datum Jelatek and Kelana Jaya Sports City. COMMERCIAL PROPERTY IN NORTHERN /EASTERN PENINSULAR 33. Metrojaya expand to Sarawak (The Star, 8-July-2011) Metrojaya, one of Malaysia s leading lifestyle fashion retailers, is spreading its wing to Sarawak and will become the anchor tenant of Kuching s largest shopping complex CityOne Mall. According to Metrojaya s executive director Pel Loh, the company would invest RM15 million in the new Metrojaya department store. CityOne Mall, developed by Kenbest Sdn Bhd, is expected to open for business in the second or third quarter in 2012, and will boost a gross built-up of 1.5 million sq ft and with 600 retail units. Kenbest also signed up Golden Screen Cinemas as the other anchor tenant of CityOne Mall. The Kuching Metrojaya store would feature some 200 brands, ranging from internationally renowned cosmetics and fragrances to men s and ladies apparel and accessories and children s wear. 34. Commercial building sale Pulau Pinang (Bursa Malaysia, 11-July-2011) Vendor Seri Tanjung Pinang, Seksyen 1, Bandar Tanjong Pinang E&O-PIE Sdn Bhd (subsidiary Matrix Promenade Sdn Bhd) Purchaser Soaring Profit Sdn Bhd Land tenure Freehold Title details HS(D) 15926, PT 1214 Mukim/ District Seksyen 1, Bandar Tanjong Pinang Pinang Sek. 1, District of Timor Laut, State of Pulau Pinang. Description The property forms part of the mixed development, known as Phase 1 of Seri Tanjung Pinang development project measuring approximately 240 acres. The project includes the development of terrace and semi-detached houses, bungalows, condominiums, apartments and commercial and retail properties. The building was completed with Certificate of Completion and Compliance issued on 23 May It consists of approximately 269,418 sq ft of gross floor area and 1,042 car park bays, all leased on the Lessee in accordance to Agreement to Lease (ATL) for a period of 20 years. The rental receivable is approximately RM7.6 million per annum with rental adjustment provided for the ATL. Land area 27,743.7 sq m Price RM134,000,000 Date of SPA 11 July 2011 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 19

21 COMMERCIAL COMMERCIAL PROPERTY IN SOUTHERN PENINSULAR 35. Commercial land sale in Johor Bahru, Johor (Bursa Malaysia, 11-July-2011) Vendor Bandar Dato Onn, Johor Bahru Johor Land Berhad Purchaser SPM Restaurant Sdn Bhd (subsidiary of KFC Holdings (Malaysia) Bhd) Land tenure Freehold Title details Part of Lot PTD (previously under part of Lot 84134) Mukim/ District Mukim of Tebrau, District of Johor Bahru, State of Johor. Description SPM is now purchasing Parcel 2 measuring approximately acres of the remaining acres of the acres located within Bandar Dato Onn. Parcel 2 is currently zoned under commercial use. Land area sq acres Price RM68 per sq ft Date of SPA 11 July Star project in Nilai (The Star, 8-July-2011) Starz Valley Nilai Golden Plateau Sdn Bhd Shoplots, SoHo and service apartment Level / Block Service apartment : 13-storey / 4 blocks No. of units Shoplots: 38 SoHo: 104 Service apartment: 1,111 Service apartment: 290 sq ft (studio) - 1,018 sq ft (3-room). selling price Shoplots: RM600,000 - RM1.1 million Service apartment: RM109,000 - RM320,000 (first block) Sales performance Shoplots: 100% (sold within a day) SoHo: 100% (sold within a month) Service apartment: N/A Completion date End of 2013 Facilities The serviced apartment will have a community hall, swimming pool and gym, equipped with security features including a panic button in each unit and touch card for the elevators going up to the residential floors. Features The serviced apartment comes semi-furnished with wardrobes, air-conditioning units and kitchen cabinets. Notes Starz Valley is located opposite Inti International University, and the project encompasses commercial lots, a five-storey boutique hotel, a sport centre and four blocks of serviced apartments. According to Golden Plateau s managing director Y.C. Choo, the strategic location of the project coupled with its modern design were among the main selling points for Starz Valley. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 20

22 HOTEL HOTEL 37. Hotel aims for RM10mil revenue in two years (The Star, 29-July-2011) The state-owned Hotel Permai Inn aims to generate RM10 million in revenue within the next two years. The hotel s chairman, Lt Gen (Rtd) Tan Sri Wan Abu Bakar Wan Omar, said the target is achievable given the hotel s record of about 65% to 70% occupancy rate each month based on current total of 220 rooms. The hotel is also looking to produce a coffee table book showcasing the tourist spots in the state as part of its effort to support the total local tourism industry. 38. Hotel included in development project (The Star, 29-July-2011) A commercial centre with a five-star hotel known as Best Western Premier Malacca amounting to RM300 million investment by company Plentifield Marketing Sdn Bhd will be built within the Ayer Keroh Botanical Park. The project is Plentifield s first in the state and is anticipated to bring in enormous potential in view of its location within the tourist belt. According to the Plentifield managing director Dr Teoh Lian Hong, the nine-storey hotel and five commercial blocks on the 2.8-hectare site was expected to be completed by the end of 2013 and would adopt modern and green technology features. The hotel will also house, among others, entertainment centres, shoplots, halls, corporate offices and meeting venues equivalent to the standard of luxury hotel overseas. Located close to the Malacca International Trade Centre and state zoo, the hotel would boost 301 rooms once completed whilst the five commercial blocks would also have 506 business suites and 166 retail lots. 39. City & Country: LBI Capital to diversify into hospitality (The Edge Property, 17-July-2011) Niche developer LBI Capital Bhd looks set to be diversified into the hospitality industry with its proposed hotel developments in Genting Highlands and Batu Feringgi in Penang. Area Description The Genting Highlands project will be in Gohtong Jaya, near Awana Genting Highlands Golf and Country Resort, on a 5.3-acre site that was acquired last year for RM5.5 million. There are plans to capitalize on the popularity of the highland resort. Hotel suites will be sold and investors can then lease them back to be managed by a hotel Genting Highland management firm which has yet to be selected. The developer is hoping to offer investors a 6% guaranteed return over a period of six year. Room sizes will range from 480 to 1,600 sq ft and the suites will be priced between RM300,000 and RM1.0 million. It will be launched in July or August. The hotel block with 400 rooms has a gross development value (GDV) of RM120 million. LBI Capital will also build an 18-storey luxury serviced apartment tower, in which each apartment unit will take up the entire floor. Another 15 to 20 villas may be built later depending on the sales of other phases. Batu Feringgi LBI Capital also has a 4.5-acre piece of land in Batu Feringgi, on which it plans to build concept shops and a boutique hotel. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 21

23 HOTEL 40. Best Western Pangkor Opens (The Edge Property, 12-July-2011) Best Western international, the world s largest hotel chain, has opened its newest property in Malaysia. The Best Western Marina Island Resort Pangkor on Pangkor Island, Perak boasts 170 luxury hotel apartments. Built at a cost of RM45 million, it is part of Marina Island Pangkor development which includes residential, commercial, leisure and entertainment projects. Each hotel apartment features a balcony with picturesque views. Each comes with a kitchenette, living and dining area. Facilities include an on-site restaurant, conference hall and meeting rooms and various outdoor leisure activities. The Marina Island Resort Pangkor is located off the coastline of Teluk Muruk, Perak, overseeing Pangkor Island and Pangkor Laut. A bridge and five minute boat ride connect the island to the Perak mainland. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 22

24 INDUSTRIAL INDUSTRIAL 41. Factory sale in Port Klang (Bursa Malaysia, 22-July-2011) Vendor Lot 8985, Off Jalan Ikan Bawal, Telok Gong, Port Klang, Selangor Darul Ehsan. OCMerit Plastic Sdn. Bhd. Purchaser Canzo Sdn. Bhd. (a wholly-owned subsidiary of Can-One Berhad) Land tenure Leasehold 99 years (expiring on 16th Oct 2068) Title details N/A Mukim/ District N/A Description The subject property consists of a piece of land together with a 4- year old unoccupied building comprising a single-storey factory, single storey warehouse and a double storey office. Land area 147,627 sq ft ( hectares) 79,453 sq ft Price RM14,300,000 Date of SPA 22 July Factory sale in Subang Jaya (Bursa Malaysia, 21-July-2011) Vendor No. 16, Jalan TP 6, Taman Perindustrian UEP, Subang Jaya, Selangor Darul Ehsan. Gemini Zone Sdn. Bhd. Purchaser Atrium Real Estate Investment Trust ("Atrium REIT ") Land tenure Freehold Title details Held under Geran 75650, Lot No Mukim/ District Mukim of Damansara, District of Petaling Jaya, State of Selangor. Description The property is a single-storey warehouse building with annexed double-storey office buildings and currently 100% occupied by 2 tenants who are using the premises for warehouse cum office. Block A is occupied by SAF-Holland (Malaysia) Sdn Bhd and blocks B & C are occupied by Century Total Logistic Sdn Bhd. The building was completed in year Land area 219,422 (20,385 sq m) 131,441 sq ft (gross floor area) Price RM25,000,000 Date of SPA 21 July Industrial land sale in Sungai Balak, Kajang (Bursa Malaysia, 18-July-2011) Sungai Balak, Kajang Vendor Komark International (M) Sdn Bhd (a wholly-owned subsidiary of Komarkcorp Berhad) Purchaser Auravilla Project Sdn Bhd Land tenure Freehold Title details Held under HS (M) 25812, PT 72472, Mukim/ District Tempat Sungai Balak, Pekan Kajang, District of Hulu Langat, State of Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 23

25 INDUSTRIAL Selangor. Description The total land area for said Land is excluding an area of 19,689 sq ft / 1, sq m which was acquired vide Presentation No. 265/2002, registered on 28 September 2002 for electricity supply cable. Land area 166,948 sq ft (15,510 sqm) Price RM47.92 per sq ft Date of SPA 18 July Industrial land sale in Bukit Jelutong, Shah Alam (Bursa Malaysia, 1-July-2011) Vendor Lot No.IP3-038, iparc Bukit Jelutong, Shah Alam. Mestika Bistari Sdn. Bhd. Purchaser Stemlife Properties Sdn Bhd (subsidiary of Stemlife Berhad) Land tenure Freehold Title details Part of the Land held under Geran 20999, Lot 1115 Mukim/ District Mukim of Damansara, District of Petaling, State of Selangor. Description The Land is part of the overall development of the industrial estate known as "iparc 3" in Bukit Jelutong Township. Land area 59,078 sq ft Price RM115 Date of SPA 1 July 2011 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 24

26 INFRASTRUCTUTE & AMENITIES INFRASTRUCTURE & AMENITIES 45. Proposed highway to pass through Kota Damansara Forest Park (The Star, 29-July-2011) A new highway called the Damansara-Shah Alam Highway (DASH) will be built in the Klang Valley near Damansara Perdana and will link to the Damansara-Puchong Highway. The highway, which is part of the economic stimulus package, will pass through the Kota Damansara Forest Park (KDCFP). The alignment for the highway is still being finalized and it will have a concession period of 40 years. Kota Damansara Forest Park is part of the Sungai Buloh Forest Reserve gazette in1898, which has been reduced over the years due to rapid development. Last year, the Selangor Government gazette the forest park as a reserve following requests from local organizations such as the Friends of Kota Damansara. 46. Flyover to open two months ahead of schedule (The Star, 27-July-2011) The two-lane flyover from Puchong Jaya to Putrajaya built by Lingkaran Trans Kota Sdn Bhd (Litrak) will be opened in October, two months ahead of schedule. With the opening of the flyover, which is part of Damansara-Puchong Highway (LDP) Five Project, 74% of traffic would be diverted to the bridge, making traffic much smoother. According to the Litrak chief executive, Sazally Saidi, the company is spending RM200 million for upgrading works in Puchong until The other project near IKEA would be completed in the second quarter of LDP Five Project also involves Puchong Jaya and the area from Damansara Utama to SS2. Last November, Litrak completed the upgrading of Puchong Perdana interchange traffic light intersection through widening of slip roads approaching the traffic light junction from two to three lanes, and the widening of Persiaran Puchong Perdana. It had also widened the existing main road from three to four lanes between Kg Baru Puchong interchange to the Puchong Perdana interchange. 47. KPJ in tie-up to build Perlis Specialist Hospital (Business Times, 12-July-2011) KPJ Healthcare Bhd (KPJ), a unit of Johor Corp, has teamed up with Yayasan Islam Perlis (YIPs) to develop a RM47 million specialist hospital in Kangar, Perlis, the first private specialist hospital to be built in the smallest state in Malaysia. KPJ, through its wholly-owned subsidiary Kumpulan Perubatan (Johor) Sdn Bhd, signed a joint venture agreement with YIPs to set up a 60:40 joint-venture company, which will undertake the development of the hospital. According to KPJ s managing director Datin Paduka Siti Sa diah Sheikh Bakir, the new specialist hospital will be developed in 2 phases with the first phase costing RM32.8 million for the development and buying of equipment. Ground breaking and construction is planned for November 2011 and the new hospital is expected to be completed by December 2013 and opened to the public by January As part of the joint venture YIPs will provide the land in Pangkalan Asam, Mukim Seriab in Kangar, measuring some 1.72ha, while KPJ will leverage on its 30 years of healthcare experience to developed and run the new hospital. In a span of 2 years, the bare plot of land in Pengkalan Asam will be transformed into a six-storey building of 123,000 sq ft in built-up area. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 25

27 INFRASTRUCTUTE & AMENITIES The new hospital, which will be named Perlis Specialist Hospital will includes plans to provide facilities such as three operation rooms alongside an intensive care units and labour room as well as other medical facilities and services. It also will provide physiotherapy, haemodialysis, accident and emergency as well as 24-hour outpatient services. Siti Sa diah add, under its first phase development, the hospital will have 60 beds as well as the latest diagnostic imaging facilities such as magnetic resonance imaging scanner as well as a 64-slice computer tomography scanner and other latest medical equipments. 48. New Pride of Penang (The Star, 11-July-2011) According to former Prime Minister Tun Abdullah Ahmad Badawi, the 24km long second Penang bridge is 54% completed and it is on track to be completed by Nov, He added that the project would also incorporate a unique designed technology known as High Damping Rubber Bearing (HDRB). The RM4.5 billion project is the first to use the HDRB technology which is designed to withstand the effects of earthquakes. HRDB is an effective tool to protect not only the structure but also the materials and contents inside the structure. This feature is useful for critical structure as it can stand the test of time. He also expressed satisfaction with the progress of the construction which comprised 5 packages including the RM2.2bil structure by China-based China Harbour Engineering Co Ltd (CHEC) Sdn Bhd and the RM1.5bil superstructure by Malaysia s UEM Builders Bhd. The three main contractors for overland connections are Cergas Murni Sdn Bhd (for the RM67 million Batu Maung link), IJM Corp Bhd (RM350 million Batu Kawan link) and HRA Teguh Sdn Bhd (RM152 million link to North-South Highway). The bridge is set to be the longest in South-East Asia. 49. Private properties acquisition for Sg Buloh-Kajang MRT reduced by half (The Edge Property, 8-July-2011) The acquisition of private properties has been reduced by half with the finalization of the alignment of the Sg. Buloh-Kajang MRT line. The final alignment saw the elimination of private properties acquisitions by half especially in areas surrounding the proposed stations in Cheras and Kajang. Suruhanjaya Pengangkutan Awam Darat (SPAD) CEO, Mohd Nur Ismail Mohamed Kamal mentioned that 70% of the project would be built on road reserves and the remaining on private properties. The number of MRT stations has also been reduced from 35 to 31. The Minister launched the MY Rapid Transit (MRT) project on 8 th July 2011 with land clearance works commencing at three sites of the Sg. Buloh-Kajang line. The civil works is expected to begin by year end. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 26