Yesterday marks a great day for Malaysians as MRT line is fully operational. Total 31 stations all the way from Sg Buloh to Kajang. 50% Discount for all MRT commuters until 31 August 2017
All 31 stations of Sg Buloh-Kajang MRT line fully operational since yesterday
Starting from 4pm today, all 31 stations of the country’s first mass rapid transit (MRT) line, starting from Sungai Buloh to Kajang — expected to serve 1.2 million of population along the catchment line, will be fully operational, said Prime Minister Datuk Seri Najib Razak.
“I am also throwing a special gift to the rakyat. The MRT is free for today, and until Aug 31, the government will be offering a 50% discount to MRT commuters in conjunction with Merdeka Day celebration,” Najib said in his speech, prior to launching the country’s first MRT services.
“It is a momentous occasion in the country’s history today. As a Finance Minister, I am also happy to note that MRT is delivered below the budgeted cost, and ahead of the schedule,” he added.
Najib once again reiterated that the first MRT line was built at a cost of RM21 billion, saving RM2 billion and lower than the budgeted RM23 billion.
Benchmarking the MRT with global rail operators, Najib said he was informed that Malaysia’s mass rapid transit is better than the rail services available in London, New York and Hong Kong.
“But compared to Singapore, we are just at par,” quipped Najib, adding that “Malaysians can stand tall today and be proud of the MRT services, which is among the world’s best.”
Based on the studies conducted, Najib said the MRT line will cut the travelling time between Sungai Buloh and Kajang to 88 minutes, from 2.5 hours taken by using bus.
From a cost standpoint, Najib added that the one-way fare to travel between Sg Buloh to Kajang is only RM5.50, compared to an average of RM54 offered by Uber, a ride-hailing service operator.
At the same time, Najib also said the MRT’s procurement and tendering process is recognised as following the best practices and standards.
He also stressed that the MRT contracts were awarded to qualified and competent Bumiputera companies, and “not cronies”.
“Based on the contracts awarded, Bumiputera participation in the first MRT line project is 50%. And the contracts were awarded to competent firms,” he added.
Stretching 51km, the first MRT line from Sg Buloh to Kajang consists of 31 stations, of which seven are underground stations while the remaining 21 are elevated stations. — theedgeproperty.com.my
Do you know what your Maintenance Fees pay for? How it works and Planning for future?
Here’s an article for your reference for your better understanding on maintenance fees and management. Normally, most of us is just pay without better understanding on it, the logic and the costing etc. Read the below for better understanding.
Find out more beyond just paying
Nippon Paint, Friday, 23 June 2017
Maintenance fees can range from as low as RM0.13 psf to as high as RM1.60 psf for residential properties in Malaysia. We would naturally think: the lower, the better. On the other hand, we do not want a management that is under-serviced due to shortage of funds, do we?
Here, two property management experts share how funds can be kept in surplus without compromising management quality. The Management Corporation (MC) chairman for Endah Promenade Condominium in Sri Petaling, Kuala Lumpur, Siew Yee Hoong, who doubles as a council member of the Malaysian Institute of Property Managers (MIPPM), has successfully led a few MCs for the past 11 years. Meanwhile, Henry Butcher Malaysia (Mont’Kiara) Sdn Bhd executive director Low Hon Keong has 15 years of experience in the real estate industry. His company manages more than 20,000 stratified residential developments and over 10 million sq ft of commercial properties.
What to look out for?
Low: Under the Fifth Schedule of the Housing Development Act (HDA), the Form of Service Charge Statement clearly spells out the expenses to be covered for at least the next 12 months. The Statement should be included in the sale and purchase agreement to realistically show the costs needed to maintain the building in the long run. For example, if there are 400 units, it does not make sense if the security charges are only enough to employ two guards.
The list may not include every facility, such as the jogging track, but if it is a grass trail, the cost should be included under the landscaping category. Extensive landscaping also involves substantial cost in gardening. Other major facilities like water features and theatre room should be factored in for their considerable cost for repairs.
Buyers must consider whether all the facilities are practical for the long term. Are you willing to pay, if you are not a frequent user of the facilities?
Beware also of the terrain of the construction. If the building is on a slope, slope maintenance can take up a substantial sum because a slope engineer has to be engaged to monitor soil movement.
Low: Buyers must consider whether all the facilities are practical for the long term.
If in doubt, the purchaser has the right to ask the developer to explain how the figures in the Statement are derived.
Joint Management Bodies (JMBs) and MCs must study the products and services in detail before implementing them in the properties. Are they worth the investment? For example, certain energy-saving lights may claim they will save 50% of energy cost, but note it is only on lighting. On the whole, it may mean only a 10% savings from your total electricity bill. Another consideration is for products that continually come up with newer versions — will the current model become obsolete too soon?
Siew: Managements must study the strata plan and development order. In one encounter, upon reading the plan, we realised that a set of escalators at the commercial area actually belongs to the developer. We allocated it back to them and saved about RM3,000 to RM4,000 a month.
What is optional?
Siew: Safety, energy and cleaning take up the main capital expenditure. The rest depends on needs and spending capacity. (Refer to the table below for a budget sample.)
If you want to minimise expenses, you can deactivate your water features because pump replacements are expensive. Furthermore, besides algae growth, people tend to throw things into ponds, so they require professional cleaning services.
Electrical cost can also be cut down. For instance, a building may come with 100 lighting points, but you may need to switch on only 50 to provide sufficient comfort. During the day or certain times of the year, when the hours of light and dark change, adjust the timer accordingly. Certain building automation systems can help lower utility cost, such as auto-switch off taps at public washrooms.
Siew: Safety, energy and cleaning take up the main capital expenditure.
On the other hand, it is always good to have spare funds for unforeseen costs such as new regulations. A recent example is the requirement for anti-clamp devices for escalators and a back-up power supply (energy box) for lifts. These will set the management back by thousands of ringgit or more.
Low: The fixed costs are for security, electricity and water, property management services and cleaning, which typically take about 50% to 55% of the total expenses (as shown in Table 2).
Variables include ad hoc repair works and upgrading. For example, some JMBs tend to modify the development concept, such as replacing trees with grass to cut down on gardening maintenance. New committees may be over-ambitious for a transformation. But as a fixed-income organisation, you must schedule your upgrading works according to your financial capability. By right, the sinking fund should be used for repainting, lift maintenance and other crucial areas, but if you use it to change the concept, it will shrink your capital reserve.
One totally unnecessary spending is for legal cases such as those against normal defaulters. It is cheaper to file these claims under the Strata Management Tribunal (SMT) which costs only RM100 for residential and RM200 for commercial. The second type is litigation. This should be completely avoided. Besides, the parties will usually be directed to settle out of court. Anything that involves legal cases will take at least RM50,000.
Keeping fees unchanged
Low: Increasing maintenance fee is a very unpopular measure. Only if we are asked to take over from a messed up management, then we have no choice but to make a cash call.
Proprietors should also be realistic. If market tariffs have risen but you still want the same rate, you must be prepared to compromise, such as reducing the number of guards or frequency of cleaning works.
One way to keep fees reasonable is to get value-for-money services. For example, security services tend to increase after a few years. We can always call for tenders to do a comparison.
Variables like upgrading works must be spread over a longer period. Don’t do major works, like retiling, all at once. This ensures there’s enough cash flow and minimises disruption.
Planning for future works
Siew: The major areas that need planning ahead are repainting, facility upgrades such as lifts, and water pipeline replacements.
Get current quotations about three years before the work is due. Anything much earlier might be impractical. From the price, project a 30% increase and get the sum approved in a General Meeting. The law allows sinking fund to be increased more than 10%. For example, in one condo, residents pay an extra RM30 maintenance fees per month for three years for repainting. In another, RM70 is collected monthly for one year to install the CCTV. There is no hard and fast rule. It is up to how you manage it.
Low: We always plan ahead to cover the life cycle cost of major items, such as repainting, lift refurbishment, and major changes in CCTV, barrier gate and escalators.
If residents use the equipment conscientiously, they can last beyond the recommended life span, which translates into more savings. If they are vandalised or mishandled, it bounces back to your own pockets.
Every item in the inventory must have its life span recorded. Things like water pumps for fire-fighting equipment and water features all come with life span of maybe 10 years and five years respectively. All these must be factored in. For instance, based on current quotations, we add in an annual inflation rate of about 5% for the number of years of the life span. For practical reasons, we will not bill anything beyond three to five years, unless they are big ticket items such as repainting.
On repainting, a proper coating system must be used for the façade because it reflects the development’s image. Owners will be proud of their residence, while prospective buyers will find it more attractive. Besides, a proper coating system of exterior paint should last for at least five to seven years because it can’t be touched up easily like interior paint.
Its great that MRT line will link to KL Sentral very soon. The transport system will fully integrated and more complete when it is linked.
MRT line linking to KL Sentral in July
PETALING JAYA: Once it opens in July, the second phase of the Sg Buloh-Kajang (SBK) MRT, also known as Line 1, will be linked to KL Sentral, Klang Valley’s main transit hub.
This will allow some estimated 1.2 million people living along that corridor to be served by urban rail, with the SBK line alone expected to serve some 400,000 passengers daily.
Currently, phase 1 of the line, from Sungai Buloh to Semantan, is only integrated with the KTM Komuter station at Sungai Buloh.
From Semantan, dedicated MRT shuttle buses currently bridge the gap for those wishing to transit to and from KL Sentral.
When phase 2 is open, MRT passengers can interchange easily with Kelana Jaya LRT, the Express Rail Link (ERL), the monorail and KTM Komuter by using a linkway from Muzium Negara.
Commuters can also interchange with the Kelana Jaya LRT at the Pasar Seni station, the Sri Petaling LRT at both the Merdeka and Maluri stations, the monorail at the Bukit Bintang station, and with KTM at the Kajang station.
The first phase of Line 1, which was launched on Dec 16, links 12 stations from Sungai Buloh to Semantan. It was reported that some 1.8 million passengers have since used that line.
Rapid Rail Sdn Bhd chief executive officer Datuk Zohari Sulaiman said trial operations for the trains to go beyond the Semantan station started on May 1. There are five stages to the testing.
“We are currently on Stage 1 of testing where the trains will proceed until Maluri station before turning back to Sungai Buloh until tomorrow.
“Stage 2 will be from Tuesday until the end of the month, which will see the trains proceeding up to Taman Mutiara station,” he said, adding that the last and fifth stage will see trains running from Sg Buloh to Kajang in fully automatic mode.
Read more at The Star
Which Country is 2017 World Best Investment Destination?
Why did Malaysia beat more than 80 countries to become the 2017 World Best Investment Destination?
Which Country is 2017 World Best Investment Destination… With the acceleration of urbanization in China, the aging of the population intensified, the first-tier cities were overloaded, and many home buyers began to shift their investment to the old-age home buyers. Europe and the United States have developed their country’s higher cost of living and cultural differences. The primary obstacle. In contrast, cultural differences are not, language and consumer level close to the people of Malaysia has gradually entered the line of sight of investors.
Recently, according to a survey of the best investment in the United States in 2017, Malaysia has successfully retreated nearly 80 countries in the world for its excellent pro-business environment and steady economic growth, making it the world best investment destination in 2017.
Best Country to Invest in 2017
Best Country to Invest in 2017:
Why did Malaysia beat more than 80 countries to become the best investor in 2017?
The survey was conducted by BAV Consulting, a New York-based strategic brand consulting firm, and the Wharton School of Business at the University of Pennsylvania, with each country’s corruption, dynamics, economic stability, entrepreneurship, tax environment, innovation, labor skills and technical expertise. Direction as the main scoring standard. And synthesizes feedback from 20,000 participants selected from four of the world’s regions and concluded.
Malaysia in a total score of 100 points, with more than 30 points difference in the leading countries, to become a pro-business investment champion.
Dr. Yao Jinlong, a professor of economics at Sunway University in Malaysia, also said in an interview with the New Straits Times: “Malaysia ranks the leading neighbor of Singapore and will raise consumer expectations of China ‘s economic growth and investment prospects “
一带一路 The Belt and Road
Red Line – Silk Road
Dotted Line – 21st Century Sea Silk Road
Malaysia, as an important node in the strategy of “one way all the way,” has added two new ports strategically, greatly seizing the resources of Singapore and becoming a well-deserved direct beneficiary.
Dataran Merdeka, KL Malaysia
More than 50 flights from Kuala Lumpur, hundreds of times a day, and so on. There are hundreds of flights to Hong Kong, Macau, Xiamen, Fuzhou, Kunming, Xi’an, Chengdu, Chongqing and Guilin.
Kuala Lumpur to Jakarta and Bangkok for 2 hours, to Oceania 5 hours, the development of external traffic coupled with the improvement of internal traffic makes the short-lived tourist population surge, to ensure a stable short-lived population.
Investment Pension is Correct
In January this year, the United States authoritative life magazine “international life” selected the world’s 25 most suitable for retirement pension national rankings, Malaysia became the world’s fourth-ranked livable country, and ranked first in Asia.
Why did Malaysia beat more than 80 countries to become the 2017 World Best Investment Destination?
High Speed Rail HSR Malaysia Singapore
The eight main indicators for this ranking are: climate, rent or purchase of real estate costs, medical expenses, government services for retirees and public service concessions, cultural and recreational facilities, low living expenses and food consumption.
In this survey, Malaysia to a very high cost of life to get a lot of praise. In the full 100, Malaysia to adapt to the local ease, entertainment facilities, infrastructure, medical expenses have received more than 90 points high score, the final ranking of 86.6 ranked fourth in the world.
Why did Malaysia beat more than 80 countries to become the best investor in 2017?
It is worth mentioning that the medical expenses of this one, Malaysia has a score of 94 points in the global lead.
Malaysian health care facilities are complete, all the size of the town are equipped with government hospitals and government clinics, private hospitals and clinics are also located in each community. The huge network of state and private health care providers provides great convenience for the health care needs of the Malaysian people.
Malaysian medical fees and Europe and the United States compared to a great advantage. Take the heart bypass surgery, for example, the United States spent about $ 130,000 in Malaysia only 1-1.5 million, only about 1/10 of the United States.
According to the London media reports, the Malaysian local medical institutions to provide patients with the cost of health checks, only the British similar examination 1/5.
And private hospitals in Malaysia will not be an additional charge for foreign patients, for foreigners are more at ease.
The economy continues to flourish, the environment is livable, how can the Malaysian housing prices rise?
Since 2008, housing prices in Malaysia have been rising steadily, especially in the capital city of Kuala Lumpur, relative to other Asian cities, housing prices growth is very attractive.
Why did Malaysia beat more than 80 countries to become the best investor in 2017?
The rent is Malaysia is doing well, stable rental rate has been ranked in Asia and the world’s forefront, as the heart of Malaysia Kuala Lumpur twin towers around the real estate, the rental will be higher returns.
In addition, Malaysia to implement the Great British Association law, in accordance with the project cycle to collect the principal, 12 interest-free payment purchase, buyers can be achieved to rent a loan, easy to charity.
Why did Malaysia beat more than 80 countries to become the best investor in 2017?
Most importantly, although the real estate industry has been strong, but the real estate prices in Malaysia is relatively low, according to the latest price income ratio (20), Kuala Lumpur ranked 137, compared to many international first-tier cities, and even domestic first-tier cities Have to be much lower.
Asia Property Price Movement
It can be said that the Malaysian real estate is one of the few in the world and is very suitable for investing in property.
With the personal wealth of people more and more abundance, more people began to look into overseas home buyers. There are more than a dozen large-scale housing enterprises, such as Vanke, Wanda, Greenland, Yihe, Wantong, China Construction, China Railway Construction and other large-scale housing enterprises in Malaysia large-scale distribution of real estate projects or to determine the investment plan, involving the amount of hundreds of billions of yuan. The next 10 years will be Malaysian real estate investment in gold for 10 years.
Refer from TheEdgeProperty.com
Friday, 21 April 2017 16:31:39 PM
PETALING JAYA (April 21): In a landmark ruling, the Federal Court had yesterday decided that only constitutionally appointed judges can decide on compensation in land acquisitions.
According to a report in theSun daily today, the Federal Court had ruled that a provision in Section 40(A) of the Land Acquisition Act 1960, which gives assessors the right to decide on compensation, was against the Federal Constitution.
Federal Court judge Tan Sri Zainun Ali was quoted as saying that Section 40(A) of the Act is ultra vires to Article 121 of the Federal Constitution on judicial powers and “must be struck down”.
“This provision ignores the role of judges. Compensation should be decided by a judge and no other,” she had said in the judgement made by a five-man bench led by Court of Appeal president Tan Sri Zulkelfi Ahmad Makinudin following its unanimous decision for two cases. The other judges on the bench were Tan Sri Hasan Lah, Tan Sri Abu Samah Nordin, Tan Sri Zaharah Ibrahim and Zainun. The ruling only applies to pending and future cases.
Semenyih Jaya Sdn Bhd had sued the Hulu Langat District Land Administrator over compensation after its land was acquired for the construction of a highway in Kajang, Selangor in 1998. The developer was building 57 factory lots when the land was acquired but it was only awarded RM20.8 million. Semenyih Jaya had stated that RM45 million would be a fair amount. The matter was then referred to the High Court where two assessors sat with the judge. The outcome was Semenyih Jaya only received an additional RM160,000 for “injurious affection”. In 2013, the Court of Appeal upheld the High Court’s decision.
In another case, land owners Amitabha Guha and Parul Rani Paul had also filed a similar suit against the same land administrator.
In allowing Semenyih Jaya’s appeal, the Federal Court’s judgement yesterday also stated that “the sanctity of judicial power is preserved when the single judge who sat with the assessors is not bound by their opinion in arriving at a decision”.
“As such, appropriate compensation by the judge acts also as a safeguard entrenched in the constitution, and must be based on market value at that time.” According the to theSun’s report, the bench had then ordered compensation in both cases to be forwarded before a High Court judge who could consider the opinion of the assessors but would be independent in making his or her ruling.
Its here!!! Yuk Tung Group develope Crowne Plaza and manage by IHG, returns to Downtown Kuala Lumpur in 2021
Crowne Plaza Kuala Lumpur City Centre, Jalan Yap Kwan Seng-Develope by Yuk Tung
InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, announced the signing of a management agreement with Yuk Tung Properties Sdn Bhd, a member of the Yuk Tung Group, to develop a 338-room Crowne Plaza, a 5-star international hotel brand, in downtown Kuala Lumpur.
Scheduled to open by 2021, the new Crowne Plaza Kuala Lumpur City Centre will be located along Jalan Yap Kwan Seng, a vibrant street lined with embassies, trendy restaurants and bars and within walking distance from the renowned Petronas Twin Towers, which forms part of the Kuala Lumpur City Centre, or “KLCC” area.
KLCC is the central heart of the Golden Triangle downtown district of Kuala Lumpur and includes KLCC Park, a 50-acre tropical landscape park regarded as one of the top three public parks in the world, all but a stone’s throw away from the hotel.
The hotel will offer business travellers accommodation close to major commercial areas in the city’s central business district. Guests will have access to a fully-equipped business centre and seven versatile meeting spaces which can be transformed to suit a range of functions and events.
The hotel will also feature a wide range of food and beverage options at the all-day dining restaurant, a number of specialty restaurants and Sky Bar, as well as an outdoor swimming pool and fitness centre for guests to recharge at during their downtime.
Leanne Harwood, Vice-President, Operations, South East Asia and Korea, IHG, said: “With the AEC coming together we see greater opportunities for intra-regional travel. Coupled with the launch of the High Speed Rail linking Singapore and Kuala Lumpur in 2026, we’re confident the city will welcome even more visitors in the coming years.
“The opening of Crowne Plaza Kuala Lumpur City Centre will help cater to the influx of business travellers coming in from all over Asia and we are delighted to partner with Yuk Tung Properties to bring the Crowne Plaza brand into Kuala Lumpur.”
According to Yuk Tung Properties, “Kuala Lumpur is booming as a travel destination with the Kuala Lumpur International Airport (KLIA) seeing close to 11 million business and leisure travellers every year.
“There is a huge opportunity to deliver great experiences to guests travelling for business and leisure and we look forward to working with IHG to open Crowne Plaza Kuala Lumpur City Centre in the heart of Kuala Lumpur.”
Royce Residence at Menara 8 on Jalan Yap Kwan Seng
The new hotel complex will be an annexe block within an upcoming development of a 53-storey tower, which is inclusive of 10 levels of carpark podium. The tower will also consist of 396 unit of freehold serviced residences. It will be known as Royce Residence at Menara 8 on Jalan Yap Kwan Seng.
IHG formerly operated Crowne Plaza Mutiara Kuala Lumpur on Jalan Sultan Ismail. The hotel ceased operation in January 2013 and the 40-year old landmark building which Crowne Plaza operated from together with its neighbouring office building, Kompleks Antarabangsa, were torned down to make way for a future skyscraper development, which has since been stalled.
Crowne Plaza is one of the fastest growing hotel brands in the world with nearly 400 hotels in more than 63 countries worldwide, including 71 hotels across the Asia, Middle East and Africa (AMEA) region.
The announcement of a new Crowne Plaza in Kuala Lumpur follows the opening of IHG’s debut Laos hotel, the Crowne Plaza Vientiane earlier in February.
IHG currently has five hotels across three brands in Malaysia: InterContinental, Holiday Inn and Holiday Inn Express which debuted in the country with Holiday Inn Express Kuala Lumpur City Centre last year.
The global hotelier debut in Kuala Lumpur in February 2011 when InterContinental replaced the former Hotel Nikko Kuala Lumpur on Jalan Ampang. Eight new IHG hotels will open in the country over the next three to five years.
This is the first launch in 2017 and this very successful event kick start the year with a bang! Seems the market is recovering and there is no sign of slowing down in property sector, looking from the outcome of this event. It could also be an early sign of recovery in the local property market.
NEU SUITES 3rdNVENUE EMBASSY ROW by TITIJAYA is FULLY BOOKED!
Neu Suites 3rdnvenue Embassy Row by Titijaya Private Preview event
The first phase of Titijaya Land Bhd’s 3rdNvenue project located at the Embassy Row in Jalan Ampang, Kuala Lumpur was fully booked overnight during last Sunday 12th January 2017.
According to a statement today, the developer had organised a private preview event on Sunday for existing customers to select their units from the 1,110 lifestyle office suites in the first phase.
The event received staggering reception as some customers had queued up as early as 4am on the preview day to choose and book their units.
3rdNvenue is a leasehold mixed property development with an estimated gross development value of RM2.1 billion, jointly developed by Titijaya Land and CREC Development (M) Sdn Bhd.
Sitting on 6.06 acres of land, the project will comprise four blocks with a total of 2,400 units of lifestyle office suites, serviced apartments and retail lots.
The first phase of the development has a total of 1,110 units across 42 storeys. The selling price starts from RM299,000 for a 430 sq ft unit.
Titijaya Land executive director Charmaine Lim Puay Fung said the positive response for 3rdNvenue shows the market’s confidence and strong follower base for property products by the company.
It could also be an early sign of recovery in the local property market, the developer said.
“With a prestigious address along Embassy Row at Jalan Ampang and surrounded by reputable malls, hotels, hospitals and various amenities, we are optimistic that we shall continue to receive good response for 3rdNvenue, while the strong branding of Titijaya Land also plays a key role in attracting a large group of buyers,” she said.
“We always believe that having the right product at the right location, combined with attractive pricing — are always the key ingredients of a winning strategy,” she added.
Lim noted that with the expertise and branding from Titijaya Land and CREC Development, the company is confident that the development will spur strong interests for commercial and residential properties within the prime area.
“We will work towards creating unique products that can drive the market demand and trend,” she said.
CREC Development is a wholly-owned subsidiary of China Railway Engineering Corporation (M) Sdn Bhd, which is in turn a wholly-owned subsidiary of the world’s second largest construction company, the Hong Kong-listed China Railway Group Ltd.
How is the future for 2017? Global reset for 2017? Innovation is the Key
What’s your thought on the future of
Global reset for 2017
Global reset in In a world facing challenges and uncertainties, embrace opportunities for success through innovation.
Posted on By MAK KUM SHI email@example.comTHE world is currently at a paradox. Tensions and uncertainty for the future are rising in times of prevailing peace and prosperity. While changes are taking place at an incredibly fast speed, such changes are presenting unprecedented opportunities to those who are willing to innovate.
Recently, most global currencies had weakened against the US dollar (USD). This may give rise to some concern, but it is worth placing in proper perspective that most countries would trade with a few countries instead of just one. Furthermore, we are living in a world with low economic growth, increased mobility and rapid urbanisation.
In such a global landscape, it is important to embrace change and innovation in a courageous way to shape a better future. In L.M. Montgomery’s Anne of Green Gables, Anne Shirley said, “I went looking for my dreams outside of myself and discovered, it’s not what the world holds for you, it’s what you bring to it.”
Global Reset: Paradox, change and opportunity
In the World Economic Forum Global Competitiveness Report 2016-2017, World Economic Forum head of the centre for the global agenda and member of the managing board Richard Samans stated that at a time of rising income inequality, mounting social and political tensions and a general feeling of uncertainty about the future, growth remains persistently low.
Commodity prices have fallen, as has trade; external imbalances are increasing and government finances are stressed.
However, it also comes during one of the most prosperous and peaceful times in recorded history, with less disease, poverty and violence than ever before. Against this backdrop of seeming contradictions, the Fourth Industrial Revolution brings both unprecedented opportunity and an accelerated speed of change.
Creating the conditions necessary to reignite growth could not be more urgent. Incentivising innovation is especially important for finding new growth engines, but laying the foundations for long-term, sustainable growth requires working on all factors and institutions identified in the Global Competitiveness Index.
Leveraging the opportunities of the Fourth Industrial Revolution will require not only businesses willing and able to innovate, but also sound institutions, both public and private; basic infrastructure, health and education, macroeconomic stability and well-functioning labour, financial and human capital markets.
World Economic Forum editor Klaus Schwab stated in The Fourth Industrial Revolution that we are at the beginning of a global transformation that is characterised by the convergence of digital, physical and biological technologies in ways that are changing both the world around us and our very idea of what it means to be human. The changes are historic in terms of their size, speed and scope.
This transformation – the Fourth Industrial Revolution – is not defined by any particular set of emerging technologies themselves, but by the transition to new systems that are being built on the infrastructure of the digital revolution. As these individual technologies become ubiquitous, they will fundamentally alter the way we produce, consume, communicate, move, generate energy and interact with one another.
Given the new powers in genetic engineering and neurotechnology, they may directly impact who we are, and how we think and behave. The fundamental and global nature of this revolution also pose new threats related to the disruptions it may cause, affecting labour markets and the future of work, income inequality and geopolitical security, as well as social value systems and ethical frameworks.
Global Reset : A dollar story
When set in a global landscape where there is uncertainty for the future, when compared to other countries, Malaysia’s economy is performing quite well.
ForexTime vice president of market research Jameel Ahmad said, “When you combine what is happening on a global level, the Malaysian economy is in quite an envious position.”
For 2016, the USD has moved to levels not seen in over 12 years. The dollar index is trading above 100. This was previously seen as a psychological top for USD.
The Malaysian ringgit (MYR) is not alone in the devaluation of its currency. All of the emerging market currencies have been affected in recent weeks.
Similarly, the British £(GBP) has lost 30% this year, falling from US$1.50 to US$1.25 per GBP. The Euro (EUR) has fallen from US$1.15 to US$1.05 in three weeks.
The China Yuan Renmenbi (CNY) is hitting repeated historic lows against the USD. The CNY is only down around 5%.
Jameel believes that the outlook for the USD will be further strengthened. While the dollar was already expected to maintain demand due to the consistent nature of US economic data, the levels of fiscal stimulus that US President-elect Donald Trump is aiming to deliver to the US economy will encourage borrowing rates to go up.
This means that it is now more likely than ever that the Federal Reserve will need to accelerate its cycle of monetary policy normalisation (interest rate rises).
Most were expecting higher interest rates in 2017. Trump has also publicly encouraged stronger interest rates. However, when considered that Trump is also promising heavy levels of fiscal stimulus, there is a justified need for higher interest rates, otherwise inflation in the United States will be at risk of getting out of control.
The probability for further gains in the USD due to the availability of higher yields from increased interest rates will mean further pressure to the emerging market currencies.
With populism resulting in victories in both the United States’ presidential election and the EU referendum in the United Kingdom in 2016, attention should be given to the real political issues in Europe and the upcoming political elections in 2017, such as those in Germany and France.
Jameel said, “Until recently, political instability was only associated with developing economies. We are now experiencing a strong emergence across the developed markets. This might lure investors towards keeping their capital within the emerging markets longer. Only time will tell.”
In Malaysia’s case, the economy is still performing at robust levels, despite slowing headline growth. Growth rates in Malaysia are still seen as significantly stronger than those in the developed world.
There are going to be challenges from a stronger USD and other risks such as slowing trade, but the emerging markets are still recording stronger growth rates than the developed world.
Global Reset: Adapting to creative destruction
In a world where changes are taking place rapidly, the ability to adapt to changes plays an important role in encouraging innovation and growth.
Global cities are achieving rapid growth by attracting the talented, high value workers that all companies, across industries, want to recruit.
In an era where 490 million people around the world reside in countries with negative interest rates, over 60% of the world’s citizens now own a smartphone and an estimated four billion people live in cities, which is an increase of 23% compared to 10 years ago, these three key trends are shaping our times.
Knight Frank head of commercial John Snow and Newmark Grubb Knight Frank president James D. Kuhn shared that the era of low to negative interest rates has reduced investors’ expectations on what constitutes an acceptable return. The financial roller coaster ride that led to this situation has made safe haven assets highly sought after.
A volatile economy has not stopped an avalanche of technological innovation. Smartphones, tablets, Wi-Fi and 4G have revolutionised the spread of information, increased our ability to work on the move, and led to a flourishing of entrepreneurship.
Fast-growing cities are taking centre stage in the innovation economy and in most of the global cities, supply is not keeping pace with demand for both commercial and residential real estate.
Consequently, tech and creative firms are increasingly relying upon pre-let deals to accommodate growth, while their young workers struggle to find affordable homes.
As the urban economy becomes increasingly people-centric, regardless of a city being driven by finance, aerospace, commodities, defence or manufacturing, the most important asset is a large pool of educated and creative workers.
Consequently, real estate is increasingly a business that seeks to build an environment that attracts and retains such people.
Knight Frank chief economist and editor of global cities James Roberts said, “We are moving into an era where creative people are a highly prized commodity. Cities will thrive or sink on their ability to attract this key demographic.
“A characteristic of the global economy in the last decade has been the phenomenon of stagnation and indeed decline, occurring alongside innovation and success. If you were invested in the right places and technologies, the last decade has been a great time to make money; yet at the same time, some people have lost fortunes.
“The locations that have performed best in this unpredictable environment have generally hosted the creative and technology industries that lead the digital revolution, and disrupt established markets.”
The rise of aeroplanes, automobiles and petroleum created economic booms in the cities that led the tech revolution of the 1920s and 30s. Yet elsewhere, recession descended on locations with the industries that lost market share to those new technologies like ship building, train manufacturing and coal mining.
In a world where abundant economic opportunities in one region live alongside stagnation elsewhere, it is not easy to reconcile the fact that countries that were booming just a few years ago on rising commodity prices are now adapting to slower growth.
Just as surprising are Western cities that are now thriving as innovation centres, when they were dismissed as busted flushes in 2009 due to their high exposure to financial centres.
Roberts said, “This is creative destruction at work in the modern context. The important lesson for today’s property investor or occupier of business space, is to ensure you are on-the-ground where the ‘creation’ is occurring and have limited exposure to the ‘destruction’. This is not easy, as the pace of technological change is accelerating at a speed where the old finds itself overtaken by the new.
“However, real estate in the global cities arguably offers a hedged bet against this uncertainty due to the nature of the modern urban economy, where those facing destruction, quickly reposition towards the next wave of creation.”
The industries that drive the modern global city are not dependent upon machinery or commodities but people, who deliver economic flexibility.
A locomotive plant cannot easily retool to make electric cars, raising a shortcoming of the single industry factory town. Similarly, an oil field in Venezuela has limited value for any other commercial activity.
However, a modern office building in a global city like Paris can quickly move from accommodating bankers in rows of desks to techies in flexible work space. Therefore, there is adaptability in the people in a service economy city which is matched by the city’s real estate.
In the people-driven global cities, a new industry can redeploy the ‘infantry’ from a fading industry via recruitment. Similarly, the professional and business service companies that served the banks, now serve a new clientele of digital firms.
In contrast, manufacturing or commodity-driven economies face greater barriers when reinventing themselves.
Today, landlords across the world struggle with how to judge the covenants of firms who have not been in existence long enough to have three years of accounts, but are clearly the future.
Consequently, both landlord and tenant need to approach real estate deals with flexibility. Landlords will need to give ground on lease term and financial track record, and occupiers must compensate the landlord for the increased risk via a higher rent.
Another big challenge for the Western global cities will be competition from emerging market cities that succeed in repositioning themselves away from manufacturing, and towards creative services. The process has started, with Shanghai now seeing a rapid expansion of its tech and creative industries.
The big Western centres still lead in services, but the challenge from emerging markets cities did not end with the commodities rout. They are just experiencing creative destruction and will emerge stronger to present a new challenge to the West.
So what’s your thought on 2017? A global reset is coming?
PETALING JAYA: The first phase of the Sg Buloh-Kajang Line (Malaysia MRT Line ) – to be launched next Friday – is not expected to be heavily used for the moment.
Once the entire line is fully operational, however, it will serve some 400,000 passengers.
The launch will see 12 MRT stations open for commuters – Sg Buloh, Kampung Selamat, Kwasa Damansara, Kwasa Sentral, Kota Damansara, Surian, Mutiara Damansara, Bandar Utama, Taman Tun Dr Ismail, Phileo Damansara, Pusat Bandar Damansara and Semantan.
Mass Rapid Transit Corporation Sdn Bhd strategic communications and stakeholder relations director Datuk Najmuddin Abdullah said it did not expect Phase 1 to be heavily utilised.
This was partly due to KTM Komuter at Sg Buloh being the only connection to the line under Phase 1, he said.
“The line does not connect to other rail-based services and it does not come into the city centre,” he said yesterday.
The 23km-long alignment is expected to be launched by Prime Minister Datuk Seri Najib Tun Razak who took a preview ride on the train with several bloggers and social activists on Friday.
MRT Phase 1 Stations List
Najmuddin said with the completion of Phase Two – which stretches for another 19 stations to Kajang – operations would begin to serve the estimated 1.2 million people living along that that corridor.
“This means they will have easy access to the line. We expect around 400,000 passengers to use it (daily) when it is fully operational,” he said.
When fully operational, Najmuddin said it would help to remove some cars from roads, especially for those in areas such as Sg Buloh, Kota Damansara, Bandar Utama, Cheras and Kajang and those working in the city centre.
“The capacity of the line is 20,000 passengers per hour per direction. Each MRT train, which has four coaches, can carry 1,200 people.
“During peak hours, the frequency of trains is one every 3.5 minutes,” said Najmuddin.
At present, driving from Sg Buloh to Phileo Damansara here during the morning rush hour can take up to 90 minutes.
Commuters using the MRT will be able to travel from as low as RM1 for a single stop based on the cashless fare structure.
Rapid Rail Sdn Bhd said the maximum fare will be RM6.40 based on the cash fare structure and RM5.50 based on the cashless fare structure.
Some 120 feeder buses will also be deployed on 26 routes to service the 12 stations between Sungai Buloh and Semantan that make up the first phase of the MRT line.
Article refer from http://www.thestar.com.my/news/nation/2016/12/11/mrt-first-phase-opens-on-friday-12-stations-from-sungai-buloh-to-semantan-to-begin-operations/
* Low Down Payment RM 5,000 ONLY
* High Rebate from Developer 15+2+1% (18% Rebates)
* Free Legal Fees, Extra 1 parking RM25k
* Cash Back Scheme !!!
* Save Construction Interest (complete soon)
* Save Renovation Cost (Partially Furnish)
* Estimation VP at End of 2016
* 100m away from KTM station
* 500m away from MRT 2 station * Size From 789sf * Price From RM571k* * Low Density * Great Panaroma View of KLCC & Lake View
* Roof Top Swimming Pool
– DUKE Expressway, Jalan Ipoh, Jalan Kuching, Middle Ring Road 2 (MRR2), NKVE Expressway
* Jalan Kuching Direct Access * KTM Station & MRT 2 Station * Lucious Greenery at Metropolitan Park & FRIM * Mall and Hypermarkets : Tesco, Brem Mall, The Store * International Schools : Mont Kiara International School, Garden International School, Parkcity International School
The Colony KL at Kuala Lumpur Golden Triangle by Infinitum. Leverage on 1st Mover Advantage to Book Your Unit Now at New Launch Price of RM13xx psf vs Surrounding Market Value of RM18xx psf
Exclusive One, Two Bedroom apartments Dual Keys & Lofts, situated within the Kuala Lumpur City Centre and The Golden Triangle district proximity to Petronas Towers. Live and Own a unit.
The Colony by Infinitum
Developed by Singapore’s Roxy-Pacific Holdings Limited and Macly Group, The Colony by Infinitum is a 2 towers mixed-development, consisting of 3 storeys of retail space (31 units) and 723 units of residential apartments.
The Colony KL is equipped with a range of amenities and facilities for the wholesome lifestyle that every resident can enjoy. Facilities such as Gym, Children’s Playground, Steam/Sauna Room, Swimming Pool, BBQ/Outdoor Dining, Jacuzzi, Business Lounge and the list goes on.
Located in the prime “golden triangle” area of Kuala Lumpur, The Colony by Infinitum holds all conveniences necessary for the 21st century urban living, with a wide range of amenities and facilities for the wholesome lifestyle that every resident can enjoy.
The Colony KL Unique Value Proposition
The Colony KL by Infinitum is located within the Golden Triangle & in the heart of Kuala Lumpur, Malaysia’s First Tier City and Capital.
Super affordable 1 & 2 bedroom
1 bedroom and 2 bedrooms units built with DUAL KEY features
Established & Reputable Singapore Developers, Roxy-Pacific Holdings and Macly Group; Financing Supported by Singapore Banks
Proximity to KL Rapid Monorail Stations
High End Mixed Development with Shopping Retail
Quill CityMall located next door, which is partly managed by CapitaLand.
Located in the Capital City, the very 1st tier location which is similiar to Singapore’s Novena Area.
High Speed Rail TO & FRO from Singapore to Kuala Lumpur only takes about 90 minutes.
Tallest building (56 storeys high) with infinity pool at very high floor and unblocked view to Petronas Twin Tower.
CALL 012-3760864 TO MAKE APPOINTMENT NOW!!!
Registration of Interest
THE COLONY KLCC – EXCELLENT CONNECTIVITY
IBC Higher Studies Sdn Bhd
ANC Business Management
International Academy Clipso
Boston Language Centre
International Business School
LuPeiChan Japan Education Centre
University Teknology Malaysia
General Hospital Kuala Lumpur
IJN Heart Institute
Hospital Pusrawi Sdn Bhd
Sheraton Imperial Hotel
Renaissance Hotel Kuala Lumpur
Tune Hotel Downtown Kuala Lumpur
Quality Hotel City Centre
Concorde Hotel Kuala Lumpur
Shangri-la Hotel Kuala Lumpur
Pacific Regency Hotel
Quill City Mall
Maju Junction Mall
Sogo Shopping Mall
Jalan TAR (Tunku Abdul Rahman)
Its ONLY 260m Walking Distance to Monorail Station (Medan Tuanku Station)
The Colony KL Layout
About The Colony KL Developer
Roxy Pacific Holdings Limited
Established in May 1967, Roxy-Pacific Holdings Limited is a trusted, homegrown specialty property and hospital group, principally engaged in the development and sale of residential properties. The company also owns the Grand Mercure Roxy Hotel and other investment properties.
Based in Singapore since 1987. Macly Group has had a track record of developing landed properties, to apartments , condominiums, mixed developments, commercial and cluster housing projects. Between 2004 to 2011, the group developed and launched 20 developments with a total of more than 1000 residential and commercial units in Singapore.
11 Reasons to Invest in The Colony KL by Infinitum Now
Kuala Lumpur is the capital city of Malaysia where it is a hub of financial activity
Gateway city where international companies and foreign banks have their headquarters will chose as first choice for their presence in Malaysia
Structured and Matured city in Malaysia host to entrepreneurs and expats to set up offices and residences due to established schools, universities, hospitals, and all sporting activities – all readily available
Increased transformation to grow income per capita from current USD 6700 to USD 15000 – increased transactions will be expected with higher disposable income
One of the 20 most liveable city in the world. Currently, Kuala Lumpur is amongst the top 10 best city to stay in Asia
5 new Mass Rail Transit lines is now under way to make Kuala Lumpur a highly connected city
High Speed Train to be ready by 2018 which connects Kuala Lumpur to Singapore within 90 mins, will boost the financial and economic activities
Kuala Lumpur – infrastructural of connectivity of highway, airports, seaports and Light Rail Transit System
Big name hotels are making presence in KLCC such as Harrods of London, Four Seasons, W Hotel, Banyan Tree, St Regis. The most recent one is Grand Hyatt Hotel, situated just next to KLCC
Kuala Lumpur’s property prices is still amongst the lowest in the region. There is still room for upside potential, in comparison to prime areas in KLCC vicinity with prime spots in Dhaka, Vietnam, Bangkok, Shanghai, Singapore, Hong Kong, Macau – it is much affordable in Kuala Lumpur, the city will attract many foreign fund into the real estate
Kuala Lumpur holds the highest individual foreigners’ property transaction in Malaysia and most monies are contained here. Ease of disposing your property for potential buyers to cash out or renting out is easy
Amani Residence is a prelaunch new project in Bandar Puteri Puchong. It is expected to be launch around November. Amani Residence Bandar Puteri Puchong is a freehold low density fully residential Service Apartment located in between Puchong Hartamas and Puteri Hills Villa. The location is very strategic with unblock view and at high land where you will enjoy the serenity of the area.
Amani Residence Bandar Puteri Puchong
Type: Service Apartment
Storey: 39 Storey
Units: 377 units
732 sf, (2 Rooms, 2 Bathrooms, From RM490,800)
883sf (3 Rooms, 2 Bathrooms, From RM550,800)
1754sf (4 Rooms, 4 Bathrooms, From RM888,900)
Here’s the facilities:
Grand entrance & Lobby, Landscape Garden, Sky Viewing Deck, Full Glass Gym Room, Swimming Pool, Sun Deck, Jacuzzi, Wading Pool, Playground, Garden Bench, BBQ Pavillion, FUnction Hall, Surau, Changing Room, Sitting Lounge, Reflexology Path, Hammock Garden
Grand Main Entrance
Gym Glass Box
Amani Residence Bandar Puteri Puchong is a 39 Storey Service Apartment with Sky Garden Deck on the highest floor. Type C unit is located at Level 39. It has 3 level of Basement Carpark for Visitor and 6 level of Residential Carpark.
Amani Residence Puchong Building Layout
Amani Residence Floor Layout
732 sf, (2 Rooms, 2 Bathrooms, From RM490,800)
883sf (3 Rooms, 2 Bathrooms, From RM550,800)
1754sf (4 Rooms, 4 Bathrooms, From RM888,900)
These units layout are come with Optional Dual Key Concept. Here’s the layout for Type A and Type B:
Amani Residence Type A Layout
Amani Residence Type B Layout
All Type A and Type B unit come with Min 2 Car Park (Not Tandem)
Prelaunch price from RM490,800 onwards before rebates
Register and book now for early bird rebates, earn upfront and get your preference unit earlier than others.
We received cheque (wont bank in) now for pre-booking.
Court 28 KL City is a new project launch in Malaysia in end of 2015. It is a FREEHOLD residence, STRATEGICALLY LOCATED in between KLCC, Sri Hartamas & KL Metropolis. It is a very LOW DENSITY Fully Residential property. It is develop by REPUTABLE AWARD WINNING DEVELOPER Yuk Tung Group & HR Group. It is expected to be complete by early of 2019. Court 28 KL City centralize your life in the city of KL standing 35 storeys tall with superb recreation, leisure, style & lavish comfort right at home. Its located 300m away from MRT 2.
Total Unit: 311 units
Type: Service Apartment
Location: Jalan Ipoh (Between KLCC, Sri Hartamas & KL Metropolis)
Unit Per Floor: 12 units service by 4 lifts
Total Floor: 35 Storey
Unit Facing: North or South
Facilities: 4 Tier Securities, 5 Star Grand Entrance & Lobby Drop Off Area, Pocket Gardens,
1) Reputable Asia Pacific Award Winning Developer
2) With 300m Walking Distance arrive Upcoming MRT line 2 Station at Sentul West
3) Easy Access to all major Road & Highway (DUKE, Jalan Kuching, Jalan Ipoh, Jalan Duta)
4) Surrounding with attractive Amenities (AEON BIG, MAYBANK, AFFIN BANK, HONG LEONG BANK, HSBC BANK, PUBLIC BANK)
5) Strategic location situated in between KLCC, Sri Hartamas & KL Metropolis.
6) Very Low Density (311 units only)
7) Freehold Property Affordable price at RM500k
8) 4 Tier Security with 20 Modern Facilities
9) 5 Star Grand Lobby Entrance
10) Affordable Price from RM460k onwards
11) Attractive Zero Down Payment Package
Semanja Kajang is a new launch property Malaysia in March 2016. It is a Freehold Double storey houses for sale in Selangor. Freehold, Low Density, Gated & Guarded Double Storey Houses, a new project houses for sale.
Semanja Kajang is a mixed residential development sited along Kajang-Semenyih Bypass. Nested on 60 acres of freehold land, Semanja Kajang is overseeing surrounding neighbourhood as the whole township is sitting on a higher ground platform. It is next to major interchange of SILK , Kajang-Semenyih Bypass & LEKAS Highway, easy connection to well develop highway network.
Location is in Kajang. It is within 10-20 min driving distance to Eco World Semenyih, Eco Majestic Semenyih, Setia ecohill, Diamond City Semenyih, Bandar Teknologi Kajang, Jade Hill, Country Heights Kajang, Taman Sutera, Sungai Chua, Kajang perdana, Goodview Heights, Nadayu 92, Nadayu 28, Saville Cheras, Bandar Bukit Mahkota.
Whole township will be developed into 3 phases
* Park Terrace – Terrace Houses
* Garden Homes – Super Link & Semi-D
* Semanja Residences – High Rise
Total Unit: 193 units
Type: Gated Guarded Link Double Storey
Lot Size: 22’ x 75’ ( 1,650 sqft)
Built Up: Type A
A1 ( Corner) –2,605 sqft
A2 / A4 ( End Lot) –2,425 sqft
A3 ( Intermediate ) –2,425 sqft
Maze Garden, Wellness Park, Pocket Garden, Open Lawn, Potpourri Garden
Highway Connectivity of Semanja Kajang:
• Kajang – Semenyih Bypass
• SILK Highway
• SKVE Highway
• LEKAS Highway
• Grand Saga Highway
• North South Highway
• BESRAYA Expressway
• East-West Link Expressway (Salak Expressway)
• East Klang Valley Expressway (Completion 2019)
Semanja Kajang is less than 5 min drive away from new MRT station. The new MRT system will further enhance the connectivity of Kajang through the Sungai-Buloh Kajang line. 3 MRT stations (Sungai Kantan, Bandar Kajang & Kajang) will be built surrounding Kajang area and expected to be started operate in year 2017.
KTM Commuter train service provides for residents who use public transportation to other major cities, connecting Kajang via the Rawang-Seremban route, the route stops at Kajang station which is located in Kajang town center.
As heart of development in Southern Greater Kuala Lumpur, Kajang area recorded population approx. to 738,000 and estimated population growth of 9% per annum.
Semanja Kajang Nearby Amenities and Education such as banks, Metro Point Kajang, Kajang cinema, Kajang High School, Tar College (UTAR Sungai Long), Hospital Kajang , UPM (Universiti Putra Malaysia), The Mines Wonderland, Nottingham Malaysia (University of Nottingham Malaysia), Unikl Mestech
11 REASONS WHY CHOOSE SEMANJA KAJANG?
1) Freehold Landed Property at Affordable price
2) Within 5 min Driving Distance to Upcoming MRT Line Kajang Station
3) Easy Access to all major Road & Highway (Grand Saga, SILK, SKVE, North South Highway, LEKAS etc)
4) Strategic Location with mature development including commercial hub, education institution, hospital and etc. Less than 2 km drive to Kajang town centre and only 25km away from Kuala Lumpur City Centre
5) Very Low Density (193 units only)
6) Gated Guarded with Individual Title (Can do own renovate for the exterior)
7) High ceiling for better natural ventilation( 12’ High on GF, 11’ High on 1stF)
8) Good land size, 22’ x 75’ with Generous built up area from 2,425 sqft( 46’ Building Length) with Spacious bedrooms with ensuitebathroom for better privacy
9) Iconic landscape garden as community gathering spot and 100’ wide boulevard access greenery environment
10) Affordable Price from RM792,800 onwards
11) Attractive Sales Package with Free One Year Maintenance Fee
Nouvelle Industrial Park @ Kota Puteri is a prestigious industrial project with 3 storey Flexi-Use Well-Designed 4 in 1 Function Semi Detached Factories in a 51 acres industrial land. This project consist of three phase. The development offers a diverse range of industrial, warehouse and office accommodation build up ranging from 8,005 sqft to 12,048 sqft and land size from 11,900 sqft – 34,450 sqft. Nouvelle Industrial Park Kota Puteri expected to be complete in 2018. It is the most affordable factory available and astonishing with the spacious compound provided. Its value money come with quality property. Nouvelle Industrial Park Kota Puteri is a 51 acre prime business and distribution park strategically located in the heart of the Klang Valley’s motorway network, between Bandar Puncak Alam, Sg.Buloh and Rawang.
“One of the largest industrial park in Malaysia”
Exsim Development Company is able to provide a design and build options as well as offering companies speculative built units. Bespoke buildings can be tailored to meet occupiers’ specific property needs and delivered to tight deadlines, benefitting from the site’s planning consent which permits immediate planning.
Kota Puteri attracts business from a wide range of sectors, which enjoy not only its unveiled location and high quality buildings but also its excellent on-site facilities.
NOUVELLE INDUSTRIAL PARK @ KOTA PUTERI OVERVIEW
Nouvelle Industrial Park @ Kota Puteri Overview
Nouvelle Industrial Park @ Kota Puteri Factory Overview
Nouvelle Industrial Park @ Kota Puteri Overview
Nouvelle Industrial Park @ Kota Puteri Site Plan
Great Accessibility & Strategic Location
Nouvelle Industrial Park is strategically located in Kota Puteri which is connected to the following link roads and highways:
– Guthrie Corridor Expressway (GCE)
– North-South Expressway (PLUS)
– KL-Kuala Selangor Expressway (LATAR)
– West Coast Expressway (WCE)
– Proposed KL Outer Ring Road (KLORR)
Nouvelle Industrial Park Kota Puteri Location
Nouvelle Industrial Park @ Kota Puteri Distance From Major Location
12 Reason Why To Own Nouvelle Industrial Park Kota Puteri
1) 24/7 SECURITY SERVICE ( FREE ONE YEAR SECURITY FEE )
2) LANDSCAPE AREA APPROXIMATE TO 35,000 SFT
3) FREE MOTORISED SLIDING GATE AND MOTORISED ROLLER SHUTTER
4) DIRECT DRIVE THRU CONCEPT EASIER FOR LOADING/UNLOADING
5) LESS THAN 10 MINS DRIVING DISTANCE TO LATAR TOLL (IJOK EXIT, EXIT 2501)
6) EXTERNAL EMERGENCY STAIRCASE MAXIMISING INTERNAL SPACE
7) 66’ ROAD ACCESS TO EVERY FACTORY UNIT
8) WAREHOUSE – FROM 30’ TO 39’ HIGH CEILING
9) HEAVY DUTY FLOOR ( GROUND FLOOR – 5kN/m2, First Floor – 2.5kN/m2, Second Floor – 2.5kN/m2)
10) AMPLE POWER SUPPLY – 3 PHASE 150 AMP POWER SUPPLY
11) GREEN FEATURE – RAINWATER HARVESTING SYSTEM
12) HOSE REEL SYSTEM- PROVISION TO EVEY UNIT FOR
13) VERY AFFORDABLE PRICE AND ATTRACTIVE PACKAGE
CALL JONATHAN NOW AT 012-3760864 FOR MORE INFORMATION
Sfera Residence at Puchong South is a new launch property Malaysia in March 2015. It is a mixed development with total 519 units of Service Apartment designed for the comfort of residents and limited number of shop offices. Sfera Residence is set to be the TALLEST ICONIC building in Southern Klang Valley setting 46 storeys on the high level land.
It is develop by REPUTABLE CASH RICH PUBLIC LISTED DEVELOPER YNH. Sfera Residence is expected to be complete by mid of 2018. It’s strategically located 400m away from MRT 2 S32 station.
Total Unit: 519 units
Type: Service Apartment
Location: Puchong South
Blocks: 2 Blocks (West Wing & East Wing)
Unit Per Floor: 8 units per floor per block service by 3 lifts
Total Floor: 46 Storey
Unit Facing: North or South
Facilities: 4 Tier Securities, Grand Lobby Drop Off Area, Infinity Pools, Sauna, Tolddler Playground, Children Playground, Squash Court, BBQ Pit, Gym, Games Room, Roof Top Sky Garden, Mini Market, Nursery, Multipurpose Hall, Rain Water Harvesting Tank & Surau.
Highway Connectivity of Sfera Residence:
• MEX Highway
• KL – SEREMBAN Highway
• SKVE Highway
Sfera Residence is less than 4 min walking distance away from new MRT 2 station. The new MRT 2 system will further enhance the connectivity of Puchong South through the Sungai Buloh – Serdang – Putrajaya line. S32 MRT 2 stations (Taman Putra Permai) will be built at beside of Giant Taman Equine and expected to be started operate in year 2022.
Sfera Residence Nearby Amenities
Sfera Residence Seri Kembangan Nearby Amenities and Education is as below:
HERE’s 13 REASONS WHY TO BUY / INVEST? (MOST POTENTIAL PROJECT IN TOWN):
1. TALLEST ICONIC building in the Southern Klang Valley (46 storeys)
– NOW EVERYONE CAN SEE IT from Puchong, Seri Kembangan, Cyberjaya & Putrajaya. If people can recognize it will become popular, just like KL PETRONAS Twin Tower.
2. Fall under Golden Triangle of Southern Klang Valley with lots of amenities within 15 min driving distance. Exp: AEON, GIANT, IOI City Mall and several major International Schools only minutes away.
3. Reputable Developer with Good Track Records
4. Next growing area with few shopping mall and mix development that brings entertainment value to the area. Walk steps to Commercial Square which set to be ESTABLISH by the time it complete. High Appreciation Potential
5. 500m to MRT Line 2 S32 Station at Taman Putra Permai, just walk step away. 4 min walking distance
6. Well connectivity with highways such as SKVE, LDP, MEX, BESRAYA, Puchong – Sg Besi Highway, North South highway, ELITE, SILK Highway & Future SKIP highway
7. NICE LAYOUT Service Apartment Size from 978sf – 996sf (3Rs 2Bs)
8. High Cash Rebates (RM35,000)
9. Partial Furnish, FREE 2 Car parks, Free Legal Fee on SPA & LOAN *(T&C)
10. Very LOW BookingFEE ONLY (RM2000)
11. NO MONEY DOWN (Zero Down Payment)
12. ABOUT RM450psf ONLY (from RM451k onwards). BELOW MARKET PRICE
Will this work? Home loan become Developer Loan? I have doubt about its effectiveness
Home loan become Developer Loan…
I personally don’t think this will work. Reason is if the bank also not willing to take the risk, do you think a developer will like to take the risk? Its kind of passing the risk from bank towards developers. It is the home loan interest rate that could be interesting market to developer but then will the home buyer want to take a high interest loan?
Just dont think this will work that well…
Noh Omar: Developers can now offer home loans
KUALA LUMPUR: Eligible developers can now apply for moneylenders licences to provide loan facilities of up to 100% to property buyers.
The licence would be issued by the Urban Well-being, Housing and Local Government Ministry under the Moneylenders Act 1951 (Amendment) 2011.
Its minister Tan Sri Noh Omar (pic) said they are allowing developers to provide housing loans to overcome difficulties faced by buyers in securing bank loans.
“This proposal is a win-win solution for both developers and house buyers,” he said in his keynote address at the 19th National Housing and Property Summit at a hotel here Thursday.
Noh said developers could now earn profit from the sales of property as well as end-financing schemes.
“They (developers) can expect long-term income as loan repayment period could be between 10 to 20 years,” he said.
Interest rate for loan taken under the scheme varies from maximum 12% with collateral and up to 18% without collateral.
Noh said they are allowing developers to provide loan facilities to overcome difficulty in closing sales.
Noh also announced that the Cabinet had approved a Rent To Own (R2O) scheme to eligible buyers of Projek Perumahan Rakyat units.
He also said in the wake of Zika threat, the Ministry has made it mandatory for developers to install mosquito traps at project sites.
OSK takeover move from PJ Development, they have now acquires over 90% of PJ Development Holdings Bhd (PJD) shares as at the closing of its unconditional voluntary takeover offer for PJD shares.
OSK acquires over 90% of PJ Development via takeover offer
KUALA LUMPUR (Sept 6): OSK Holdings Bhd has acquired a total of 472.23 million
PJ Development Holdings Bhd (PJD) shares, representing 90.11% of the latter’s issued and paid-up share capital, and 99.62 million warrants, representing 70.61% of the total outstanding warrants, as at the closing of its unconditional voluntary takeover offer for PJD shares yesterday.
“Premised on the above, the public shareholding spread of PJD is less than 10% of the total PJD shares in issue,” said OSK in a bourse filing.
It added that pursuant to Bursa Malaysia’s listing requirements, the trading of the securities of PJD will be suspended upon the expiry of five market days from the close of the offer period.
To recap, OSK had launched its takeover offer for shares in PJD it does not own for RM1.50 per share and 50 sen per warrant, after failing to cross the 90% shareholding threshold to take PJD private.
The group had previously offered to acquire shares in PJD for RM1.56 per share and 60 sen per warrant and had ended up with a total shareholding of 89.29%, just below the threshold.
The article is first appear in http://www.theedgeproperty.com.my/content/874991/osk-acquires-over-90-pj-development-takeover-offer. The article is refer from theedgeproperty.com.my