Issue 77 - April 2016

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property news | 26

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GREEN HAVEN Your Heaven Of Convenience

PENANG’S GOT IT MADE

PROPERTY, INVESTEMENT & BANKING NEWS HAP SENG’S NEW KINGFISHER INANAM OFFICIALLY LAUNCHED

LIDO FOUR SEASONS CONDO FEATURED 1 ACRE ROOF GARDEN FIRST IN KOTA KINABALU

TIMEJaeger Lecoultre’s Reverso One

FURNISHTrash to Treasure

PH EXPO 2016Kicks Off In Kota Kinabalu

INSPIRING CHANGE

KNIGHT FRANK’S REAL ESTATE HIGHLIGHTS 2ND HALF 2015

MIEAKeep Yourself Updated With Technolody

GREATNESS OF CITIES FROM ITS STREETS

• StaySerious.ItWill‘Green’MalaccaAndAllOtherCities• WhyOurSalariesDon’tRaiseAsFastAsPropertyPrices

CONTENTS

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Your Heaven of Convenience

FEATURED PROPERTY

Development By Welton Development Sdn Bhd

Surrounded by a myriad of essential amenities for daily convenience. 10 minutes to Johor Bahru city center and Johor Bahru custom. Free shuttle bus from Green Haven

to Johor Bahru custom.

GREEN HAvEN



FEATURED PROPERTY



Green Haven, a new well-planned residential development that pays tribute to nature. Comprising of 1,134 units on 7.76 acres, the three

magnificent towers of Green Haven are connected by breathtaking sky bridges that give residents a 360-degree view of the surrounding region. By actual proportions, the footprint of the three (3) building towers only adds approximately up to not more than twenty five percent (25%) or approximately one-fourth (1/4) of the total project site area, which will provide a much healthier and liveable environment.

The three towers of Green Haven are named after tropical flowers: Erythrina for the first tower (Tower A); Cattley for the second tower (Tower B); and Laurels for the third tower (Tower C). Each tower increases in height forming a hierarchy of 40 storeys, 43 storeys, and 46 storeys.

Green Haven is cleverly aligned to capture the best vista this location has to offer by facing both the straits of Johor towards Singapore as well as the horizon of Johor Bahru’s city centre skyline. Green Haven is easily accessible via the Eastern Dispersal Link (EDL), Coastal Highway, and Pasir Gudang Highway. It is surrounded by many essential amenities for daily conveniences including hospitals, police stations, shopping centres, golf clubs, and education hubs. Furthermore, the development is just 10 minutes away from Johor Bahru’s city center and the CIQ complex leading to Singapore.

Green Haven is in a league of its own because of its smart home system that interconnects the entire development. Through smart devices, residents here can programme to control lighting, air-conditioning, and curtains. Video and call features seamlessly connect residents to strategic points on the development such as the guard house, lobby, unit entrance, and other units. Wall pads also enable announcements to be made and checked, whereas video memos can be left here for future viewing. Moreover, residents are able to book facilities and order food through this smart device. Maid services are also available which can be requested from the system. The implementation of such cutting-edge technology provides a more advanced and convenient lifestyle to the residents.

At Level 30, there is a sky bridge linking all three towers. Spanning over an acre on Level 30 is Atlas Way, where two sky bridges join all three towers of Green Haven. The Atlas Way is made especially for leisure where residents can enjoy the sea view as well as the podium view. Meanwhile, the dedicated zones in The Atlas Way are suitable for lightweight activities such as yoga and pilates. Besides that,

residents may also use the jogging track that spans around the tower.

A three-tier security system watches over the three important points on the development: the guard house; public areas such as the lift lobby/drop-off point/parking; and individual unit levels. CCTV cameras will be installed in common areas and it will be monitored constantly by the management. There will also be scheduled patrols on the ground, car park and podium levels for increased security. Green Haven is also secured by a comprehensive fire prevention and suppression system to meet and even exceeds local building codes.

Sylvan Walk is a 400-metre nature trail linear park circling the perimeter of the development with hand-picked plants replicating a rainforest. The perimeter fence will be enclosed by plants which creates a natural green boundary. Viridian Nexus, at the heart of Green Haven, is an area that features various themed gardens with tropical trees and colourful foliage. The plants here can reach up to two metres to create a zone of tranquillity, and residents can organise outdoor gatherings by the barbecue pits that are placed alongside a flowing stream. Green Haven is also incorporated with its very own hill, the Haven Crest. The winding stream from Tower C also creates an optical illusion where the stream flows into the Sapphire Lagoon. Extending from one end of the podium to the other is the Palm Tree.

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ABOUT THE DEvELOPER Incorporated in 2013, Johor-based property Welton Development may be a new kid on the block, but the collective experience of its high-level management certainly gives the company a competitive edge when it comes to offering residential and commercial projects that raise the standards of living.

Each a leader in their own respective fields, the directors of Welton hold some of the most high-profile projects in their portfolios including

Zedge Condominiums and Nova 88 Condominiums in Singapore, in addition to Abu Dhabi Investment Council Headquarters in the UAE.

The intrinsic qualities of these projects that promote sustainable development practices through innovative concepts are rooted deeply within the core values of Welton, where it aims to deliver high-quality projects of great value while providing a personalized service to every customer.

Driving this vision for success is none other than Mr Ling Kee Tong, founder of Welton Development, whose extensive experience in the real estate industry has enabled him to propel the company as a fast-growing property developer in the southern state of Malaysia. Forging alongside Mr Ling is Mr Thomas Ling, co-founder of Welton Development, who oversees the day-to-day operations and is responsible for the management and marketing aspects of the corporation.

FEATURED PROPERTY

Boulevard is a tree-lined walkway that separates and connects the water and earth elements of Sapphire Lagoon, and Viridian Nexus at the same time.

Water enthusiasts will be enchanted to discover the Sapphire Lagoon, an area comprising all water-related facilities. It provides the ideal spot for those who wish to swim laps in the Olympic-sized 50-metre pool and have a leisurely time at the adjoining sunken lounges. Green Haven’s concept designs also cater for the children. The Kids Empire is designed specifically for children and is situated beside the childcare facility. It is where young residents can splash around in the shallow wading pool or have fun at the playground under the watchful eye of their parents.

Green Haven provides numerous lifestyle facilities such as gym, kindergarten, conference rooms, function hall, café, library, games room, convenience store, mini theatre, and laundry services, just to name a few. These world-class facilities combined with the holistic, natural lifestyle theme of Green Haven makes it the ultimate private sanctuary that offers an unmatched standard of living within the Johor region of Malaysia.

Cover Green Haven entrance

1. Green Haven birdeye view 2. Jogging track3. Water feature 4. Overview5. Lobby

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Product Name : Green Haven Property Type : Serviced Apartments Acres of Development : 7.76 acres Gross Value of Development : RM1 billion Tenure : Freehold Launch Date : 19 April 2014 Expected Completion Date : Quarter 3, 2017 Total Number of Units : 1,134 Unique Selling Point : Green & Smart Living Special Feature : Intelligent Home

Established Amenities & Facilities Smart Home System, 3-tier security, 50m lap pool + wading pool, children’s pool, steam/sauna room, jogging track, foot reflexology path, wellness station, gym, yoga/ pilates/kickboxing areas, linear park, children’s playground, BBQ pits, games’ rooms, mini theatre room, meeting/conference rooms, library with reading and seating areas, function hall, waiting lounge, toilet + changing rooms, viewing platforms, childcare/nursery/ kindergarten, laundry shop, café/ bakery, maids service, minimart, convenient store, and gourmet kitchen.

Functions of Smart Home System: Call history, door (camera to view out), interphone, security mode (outmode, room, sleep), lighting control, visitor pictures, video management, standby, announcement, air-conditioner control, curtain control, elevator control, set up (system), remote control via smartphone or tablets, motion detector, emergency switch at bath, facility management function, and shopping/advertising function via wallpad.

Expected Target Market Professionals, Tech Savvy Crowd, Newly weds, Retired Couples, Families.

Unit Built-up size : 710 square feet to 1,496 square feet Price Range : RM780 per square feet; RM500, 580 (min) to RM1,166,134 (max)

Unit Type• Studio - 710 square feet ; 1 bedroom, 1 bathroom• Type A2 - 760 square feet ; 1 bedroom, 1 bathroom• Type B3 - 990 square feet ; 2 bedroom, 2 bathroom• Type C1 - 1,268 square feet ; 3 bedroom, 2 bathroom• Type C2 - 1,496 square feet ; 3 bedroom, 2 bathroom• Type C5 - 1,483 square feet ; 3 bedroom, 2 bathroom Location : Kota Puteri Selling points about the location: Accessible via Eastern Dispersal Link (EDL), Coastal Highway as well as linking roads to Pasir Gudang Highway and North-South Highway.

Surrounding amenities: Shopping malls and 2 country clubs could be reached within only 5 minutes to 15 minutes, such as Jusco, Permas Jaya Golf Club, Octville Golf & Country Club, Giant, and Tesco.

As for the functional amenities like hospital and education institutions, it takes around 10 minutes to 20 minutes to reach. There is at least 12 schools including The Japanese School of JB, Masterskill University College and Sunway College as well as 3 hospitals which are Regency Specialist Hospital, JB Specialist Hospital, Hospital Sultan Ismail could be found here.

Promotion : Call for more details. Bumi Discount : 15% Promotion :

GREEN HAVEN AT A GLANCE

For more info:

07- 2888 301/ 302/ 303 [email protected]

www.greenhaven.com.my

Free Smart Home System, Free SPA legal & stamp duty, Free loan legal, Free air-conditioner, Sanitary wares and Kitchen fittings, Free 1-2 carparks


HOT TOPIC

Proud of its past and ambitious for its future, Penang is a unique and fascinating balance of east meets west and

innovation meets tradition.

PENANG’S GOT IT MADE



HOT TOPIC


OVERVIEWRegarded as one of the food capitals in the region,

Penang’s alluring charm and distinguishing characteristics make it a favourite holiday destination-and for many, have made this island, their home. A place of diverse

cultures, religions and foods, its capital city, George Town, is a UNESCO World Heritage Site with an amalgamation of Chinese, Malay, Indian and European influences that are

apparent in its cuisine and architecture.

Regarded as Malaysia’s most tourist-visited destination, this unique cultural melting pot is also blessed with sandy beaches and tranquil seas. While still managing to retain

its colonial past and mixed-heritage, it still embraces modernity with swanky shopping complexes, five-star

resorts and big industrial plants specializing in electronics.

A truly exotic and advanced place that offers something for everyone; be it historical buffs, nature seekers, food

enthusiasts or talents looking for opportunity at this paradise that is Penang.



HISTORYA fascinating marriage between east and west, Penang was once ruled by Sultans of Kedah until the late 18th century when European traders all vied for control due to its strategic location in the region. But looking back many centuries prior, Penang was already a well-established port, drawing in sailors and seafarers from India, China and Arabia.

In 1786, the British or more specifically, the British East India Company, finally took possession of Penang, led by a merchant named Sir Francis Light, who, after deceiving the Sultan into turning over the island, proclaimed to be the “founder” of Penang. Nevertheless, Penang’s prominence rose even further, cementing itself as one of the foremost ports in Asia.

Fact or Fiction?Francis Light loaded his cannons with coins and fired them into the

dense jungle to coax the natives to clear the land.


HOT TOPIC


photo source: wikimedia.org



BUSThere is also an intracity bus, called Rapid Penang (just like Rapid KL), with the most frequent bus route being the 101, that follows through Penang’s busiest roads. It has its very own useful iPhone app which features a GPS powered route planner and updated arrival and departure times.

TRISHAWS & BICYCLES

A more whimsical way to get around is by taking these three-wheeled, human-powered vehicles. Possibly the best way to get to know the city, most trishaw riders make excellent tour guides.

Renting bicycles are also getting more popular here, with many being introduced and marketed by several companies. The state government is now making an effort to make the city more cyclist and pedestrian friendly by introducing dedicated cycling lanes. WATER

The Penang Port is one of the major ports in Malaysia. The port plays an important role in the country’s shipping industry, with more than 200 ports worldwide linking to the city. The Swettenham Pier Port accommodates cruise ships as cruise tourism is one of the major industries here.

CITY & INFRASTRUCTUREGEORGE TOWNWith a population of about 500,000 and a 500-year history with many well-preserved heritage buildings, George Town is a UNESCO World Heritage site in its own right. It has an interesting blend of the British, Malay, Chinese and Indian essence and traditions.

Today, the city is well known for its unique street food and culture and it’s well positioned as a medical tourism centre and leading electronics hub in Asia.

This city also plays an important role in the political and economic scene with most of the Malaysian federal government agencies and departments located here.

CONNECTIVITY

The island is accessible by the Penang Bridge, which opened in 1985 and the Second Penang Bridge, otherwise officially named the Sultan Abdul Halim Muadzam Shah Bridge, one of the longest bridges in Asia at 24km.

TAXISThe city has an extensive road network. Taxis in Penang generally do not use the meter system much to the chagrin of the authorities. However, with the introduction of popular taxi booking app “My Teksi”, taxi bookings have increased by 500% since its launch in Penang in 2014.

Penang Port has the highest total cruise calls compared to other ports in the state as of

January 2016

The Penang ferry is the convenient mode of transportation for the locals travelling by sea with cross-channel ferry services connecting George Town and Butterworth. High-speed ferries also take people to neighbouring island Langkawi, as well as to Medan in Sumatra.

AIRThe Penang International Airport, which is about 30 minutes from George Town, is located in Bayan Lepas. It serves international flights coming in from Hong Kong, Singapore, Medan, Aceh, Taipei, Bangkok, Koh Samui and Guangzhou, and is a major northern gateway to the rest of Malaysia.

OTHER TOWNS TO SEEBATU FERRINGHIWhite sandy beaches, luxury hotels and restaurants. A favourite spot for locals and tourists alike.

BAYAN LEPASPenang’s main electronic’s hub and George Town’s satellite town, it’s also the location of the international airport

BALIK PULAUA small town nestled among Malay villages, with fruit orchards and scenic views of padi fields.

TELUK BAHANGA quiet little fishing village at the northwestern tip of the island.

TANJUNG BUNGAHLocated between George Town and Batu Ferringhi, it used to be a fishing village but is now a resort area with large hotels along the beach.

BUTTERWORTHThe mainland gateway to Penang, sits directly across the Straits of Malacca from George Town.

Penang has 11 weekly flights connecting to Kota Kinabalu


HOT TOPIC


ARTS &CULTURE

In George Town, there is nothing short of things to see or do. There is always something for

everyone.

BE A PART OF THE STREET ART

Here, getting up-close and touching the art is encouraged. Explore the nooks and crannies of the city to discover the well-known, yet hidden street arts. Murals of Ernest Zacharevic and steel sculptures will pleasantly surprise you all over the heritage area of George Town.

Penang’s multicultural communities offer colourful and vibrant festivals all year round. Besides these, home-grown arts festivals are also becoming a sole reason tourists flock into Penang. 2016 is Visit Penang Year (VPY) where the state will showcase all kinds of different festivals.

Besides its rich heritage and its gastronomic offerings, George Town’s art

and culture has always taken centre stage.

Ranging from art showcases to cultural street performances, the city is famous for its unique street art on heritage buildings. Colourful festivals are also still celebrated

in traditional ways.

George Town is never short of things to see and experience and proudly shows the

world that its heritage buildings, art and culture can synchronize alongside modern

development.

EXPLORE THE DIFFERENT FLAVOURS OF THE STREETS

George Town has many food stalls and markets serving all sorts of cuisines with some dishes only unique to Penang. CATCH PERFORMANCES AND FREE FILM SCREENINGS AT PENAGPAC

PenangPac has frequent theatrical performances as well as foreign film screenings throughout the whole year. Look-up their website for upcoming stage offerings and screenings.

FIND UNIQUE PRODUCTS AT LITTLE PENANG STREET MARKET

Held every last Sunday of the month, you can find books, locally made products and artisans showcasing their pieces here at Upper Penang Road.



With its 40 years of industrialization, integrated global supply chain, friendly Government, availability of knowledge workforce, professional services offered and excellent infrastructure, Penang is the ideal place to complement any investors’ needs, making it the investment gateway to Asia and beyond.

Furthermore, its strong intellectual property climate, advanced manufacturing, R&D and other knowledge-intensive activities for innovation and invention offers an excellent and quality environment for businesses to flourish.

Penang has shifted gears from assembly operations to cutting-edge technology and intellectual development centres.

Penang is demographically the second smallest state in Malaysia, yet it offers a balance of live, work and play – with the combination of a conducive business environment, fully developed technology parks, excellent network and connectivity, comfortable urban resort lifestyle, heritage city living and world-class recreational facilities.

HEALTH TOURISM

INVESTMENT GATEWAY TO ASIA

Supplied with highly-qualified specialists and well-trained doctors and nurses, both private and public hospitals in Penang offer a wide range of healthcare services.

Thanks to its quality yet affordable medical treatment, Malaysia is ranked amongst the world’s top health tourism destinations with over 60% of health tourists choosing Penang as its preferred destination.

The huge interest in health tourism sparked the establishment of the Penang Health Association in 2006, a committee responsible for promoting Penang as the next ‘Medical City’.

Health tourism alone has generated Penang RM370 million in revenue in 2013. With health visitors coming in mainly from Medan, Indonesia.

Aside from affordable healthcare and affordable treatments, Penang also offers the perfect environment for convalescence with numerous resorts offering spas, reflexology, yoga, meditation as well as vegetarian and organic restaurants scattered around the island.

Health tourism in Malaysia is closely monitored by the Malaysian Ministry of Health and Ministry of Tourism to ensure that visiting patients get first-class treatment and care.

PROMOTED ACTIVITIES CREATINGHIGH-INCOME JOBSINDUSTRY• Electrical & Electronics• Contract Manufacturing• Medical Devices• LED• Aerospace & Avionics• Green TechSERVICES• Global Business Services (GBS) • IC Design & Development• Creative Multimedia• Logistics & Transportation• Healthcare & Wellness Services• International Education• High-Value Tourism

BATU KAWAN MASTERPLANBatu Kawan Industrial Park (BKIP) is part of the master plan incorporating 1,500 of industrial land which is strategically located at the crossroads of the Penang Second Bridge and the North South Pan Peninsular Expressway.

Global MNCs such as Hewlett-Packard, SanDisk, Jabil, Bose, Haemonetics, VAT, Malaysian Automotive Lighting, and Boon Siew Honda Malaysia have all chosen to operate in Penang.

THE NEXT GLOBAL BUSINESS SERVICES (GBS) HUBPenang’s recognition as the top 31 emerging cities for BPO (Business Process Outscoring) has also attracted large MNC’s to set-up operations in Penang such as Air Asia, Citigroup, First Solar and Toll Forwarding Group.

Penang @CAT is the new engine of growth aimed at promoting creative and technology entrepreneurship and rejuvenate George Town Heritage as a startup zone. The aim is to accelerate emerging tech startups, nurture new talents in creative and analytics and to produce more successful Penang born companies.

MY PENANG, MY WORKPLACEPENANG CAREER ASSISTANCE & TALENT CENTRERecognising human capital as one of the key factors to ensure continuous growth, the Penang Career Assistance & Talent Centre (CAT Centre) was set-up by the state government as a focused programme to attract and retain talents in Penang.

“Penang @CAT aims to accelerate emerging tech startups and entrepreneurs, to nurture

new talents in creative, analytics and technology and to produce more successful

companies that originate from Penang” – YAB Tuan Lim Gun Eng, Chief Minister of Penang


HOT TOPIC


PROPERTY SECTOR

It collaborates with all stakeholders through dialogue and engagement and policy advocacy on addressing talent gap. The CAT Centre also led talent retention initiatives such as Penang Future Foundation and Prioritised Affordable Housing Scheme for the talented and skilled.

PENANG FUTURE FOUNDATION (PFF)PPF is a scholarship programme awarded by the Penang state government to outstanding and deserving Malaysians to pursue their first undergraduate degree in the fields of science, technology, engineering, mathematics and accountancy (STEMA). Upon completion of study, scholars are bound to serve in any Penang organisation of their choice.

PRIORITY AFFORDABLE HOUSING SCHEME (AHS)AHS for talents and the skilled group is to enable knowledgeable workers and talents to own properties in Penang. Subject to meeting the state’s housing unit criteria, priority will be given to workers employed by companies that are registered or operating in Penang.

Penang, Pearl of the Orient, one of the most developed states in Malaysia, continues to shine with opportunity as both the island and mainland offers their own unique and favourable investment possibilities.

Every year, Penang sees massive arrivals of both local and foreign tourists, therefore, leveraging on this market is another return of investment (ROI) to consider. Opportunities to take profit in five to ten years down the road are abundant as new investors move in, seeking the rewards of Penang’s thriving tourism economy.

“I have always been strong on tourism related property and Penang is great for this purpose. Medical tourism, beach side tourism

and heritage appreciation give it a solid tourism industry that will have a multiplier

effect on property” – Dato’ Sri Gavin Tee, Malaysia Property Investor

Its property market promises great prospects with the state’s highly urbanised and industrialised status. Penang is a real investor’s dream. Whether for investment, a holiday home, or even your own stay, Penang has something for everyone.

ISLAND Because of limited land for new development on the city centre, the past few years have seen a noticeably strong appreciation for the northern and eastern coasts. High-rise residences such as apartments and condos are becoming very popular especially along the coast.

At the uppermost Tip of the island, Batu Ferringhi is the perfect option for investment with views of the sea – of course, with any beach access, comes a higher price tag.

For something less pricey, there are Balik Pulau and Tanjung Tokong. What used to be the sleepy backwoods of the island

have gradually transformed into a cluster of guarded and gated neighbourhoods, complete with modern facilities.

In the city centre, supply of new properties are getting less. However, existing ones should be considered, as the secondary market has been very active there the past few years. Many are searching for good buys within their buying capabilities in the secondary market and this indicates a strong overall consumer confidence.

At the eastern part of the island’s coastline, The Light Waterfront sits on 152 acres of reclaimed land and will be an integrated leisure, retail, entertainment and cultural development next to the Penang Bridge. It has a GDV value of RM6.5 billion and its first five completed parcels have already received the Green Building Index certification.

This mega development is divided into three phases. Phase 1, which is almost complete, features a variety of homes which include a marine sanctuary. Phase 2 will comprise of a mall, convention centre, marina, hotels, offices and homes, and is predicted to create about 26,000 jobs, while Phase 3 will be a 7 acre public park.

There are also parcels of land opening up for development on the west of the island and the island still yields better returns compared to the mainland. But before disregarding the latter, consider that the mainland is still well connected and is the industrial core of Malaysia.

Construction of an undersea tunnel will begin this year, connecting the island with the

mainland and will give an added advantage to mainland properties in terms of investment.

MAINLANDLanded properties on the mainland have appreciated significantly in the past few years. Due to the availability of large land banks in the mainland, there are more choices of townships available.

Gated and guarded housing projects with lifestyle concepts are an attractive and popular option as some still fall within the RM500k-600k bracket.

Prai proves to be a great choice for developers looking into alternatives and more affordable land costs. It has also benefitted the most because of its location – being the centre of the two Penang bridges.

Upon its completion next year, the RM230 million project, Penang Sentral – similar to that of KL Sentral – will further boost connectivity in Penang as the state’s services centre for its ferry, rail, taxi and bus terminals. This terminal will provide seamless travel for the expected 30,000 daily commuters arriving and leaving the island.

This mega project will surely have a magnifying effect, further rising land value in the surrounding Butterworth town where the terminal will be situated.

Going south of the mainland, Bandar Cassia is a satellite city that’s planned by the Penang State Government in Batu Kawan.

With the opening of the second bridge in 2014, Bandar Cassia will be the key urban development area with a direction towards a burgeoning industrial, residential and commercial settlement. This development will also include a shopping complex managed by Ikano Pte Ltd, with the first IKEA outlet in the northern region of Malaysia.



PENANGIN NUMBERS

Population8th Most liveable city in Asia (ECA International, 2012)

Total No. of Employed Persons in Service Sector

Workforce No. of Flight Connections

Unemployment Rate

Tourist Arrivals (at year 2014)

Jobs created in Penang No. of Passengers Ferried in 2014

GDP (per capita (RM), 2014)

No. of International Arrivals via Penang International Airport 2014

1.7 million (68.8% working age group)

61.4%

821,000 (254k manufacturing) International: 15 cities

Domestic: 10 cities

1.2% Locals: 444,271Foreigners: 725,432

2012: 10,3592014: 17,896 1.22 Million

43,490718,000


HOT TOPIC


**Source: Penang Institue, Penang Monthly, Invest Penang, Penang Global Tourism**

ContainersForeign Direct Investment (FDI) in Penang

Total Exports from Jan-Mar 2015

No. of Private Hospitals

Top 15 best street art in the world(The Guardian, 2013)

Domestic Tourists in Penang 2014

Average Occupancy Rate (AOR)

Percentage Increase of No. of Hotel Guests between 2013 & 2014

No. of Heritage Buildings

Total Hotel Guests in 2014: 6,847,569

Import: 506,841Export: 599, 257

Japan: 85 Singapore: 30Taiwan: 70 Germany: 10US: 50 Others: 50

RM46.2 billion 17

KL: 21.9%Sabah: 4.1%

Penang: 65.2%National Average: 63.6%

46%

4,649 Foreigners: 47.2%Malaysians: 52.8%



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More than two-thirds of Malaysian investors carry debt, making them as the most indebted in Asia, according to research for the latest Manulife Investor Sentiment Index (MISI) as reported by The Sun Daily.

While Malaysian investors rank saving for retirement as their top financial priority, the research reveals a lack of financial planning, which may jeopardise long-term financial security, particularly when compounded by high debt levels.

The respondents of the research were made up from middle class to affluent investors aged 25 years and above, are the primary decision makers of financial matters in the household and currently have investment products.

The result shows 68% of Malaysians currently have debt, the highest proportion of all eight markets surveyed in Asia – more than double

the regional average of 33%. Average debt is RM56,000, which is nearly 10 times average Monthly Personal Income. This debt is mostly due to daily living expenses (60%), with rental payments (44%) and children’s education (37%) the other main causes. Worryingly, much of the debt is long term, with a quarter (25%) of those in debt not expecting to be able to pay it off in three years or more.

The survey shows the high debt levels reflect poor financial management, with investors failing to effectively manage their cash flow.

While the majority of Malaysian investors (89%) track their expenses regularly, 44% of investors spend 70% or more of their monthly income every month, suggesting they are not acting on their tracking by curbing expenses.

Investors are at least aware of the need to address their high debt levels, ranking paying off debt and credit cards as the second most important financial priority overall, with 16% of investors ranking this as their top priority.

The survey also showed that saving for retirement is now the number one financial priority for investors, with 21% of investors ranking this as their top priority. However, despite this, investors are failing to efficiently save for their retirement.

Many investors do not have a target savings goal (41%), including those aged 35-49 (43%) who should be most active in

retirement planning. Of those who do have a target savings goal, the average amount is RM378,000, more than 62 times average Monthly Personal Income.

While almost half of savers (48%) have set medium-term time frames (5-10 years) to achieve their goal, these high savings targets may be unrealistic to achieve, which could explain why the majority (67%) have only been able to save less than 40% of their target.

Related to this lack of effective savings management, 74% of investors surveyed wished they had done better investment planning. More than a third (38%) wished they had done more research; while 28% wished they had been more active in reviewing their portfolio and 27% regretted holding too much cash.

This may be explained by the fact that most investors rely on themselves for financial advice (79%) while investment experts ranked fifth (24%), after friends and family.

MALAYSIAN INvESTORS ARE THE MOST INDEBTED IN ASIA

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DAP Sabah Secretary Junz Wong raised his concern over the findings of the announced future project by Malaysia Airport Holdings Berhad (MAHB) was actually take place on the previously proposed piece of state land originally meant for KK Southern Bus Terminal in Kepayan.

Wong emphasized that the land originally was supposed to be the site of the Kepayan bus station which is part of the outer ring bus stations under the Sabah Corridor Plan in 2007.

“The bus interchange was supposed to be there in addition to the one in Wawasan and one in Inanam so they could complete the integrated Kota Kinabalu bus transportation system in the Greater KK Plan.

“Now it seems that the bus stop project here has been quietly scrapped.”

“This means the bus transportation issues for the city are potentially never going to be resolved,”

“We (DAP) welcome the announcement on the Kota Kinabalu International Airport expansion but it seems this is also on the same adjacent 40 acre area where they proposed earlier that a new second airport was to be built and now are also they are speaking instead about expansion of the current airport.

“So is it now a case of building a new airport or extending the existing airport? We need the details of this new airport expansion. So what is going to happen to the bus terminal now which was supposed to have been completed before 2014?

Even the Wawasan bus terminal hasn’t been completed yet.

“It’s amazing our government is using the same piece of land to announce so many projects, he said urging the authorities concerned to clarify the matter.

Earlier this month, MAHB Managing Director Datuk Badlisham Ghazali (pic) said 10 more overnight aircraft parking bays are being planned to cater to jets and turboprop aircraft with construction of these facilities expected to commence this year.

CONCERN OvER ‘CONFUSING’ KKIA ExPANSION

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1. The proposed site for the expansion2. Average debt is RM56,000, which is nearly 10

times average Monthly Personal Income.


PROPERTY SHOWCASE

HAP SENG’S NEW KINGFISHER INANAM OFFICIALLY LAUNCHED

FEATURED EvENT

By Property Hunter

Hap Seng Properties Sdn Bhd, the subsidiary company of Hap Seng Group has officially launched their latest residential project, Kingfisher Inanam on March 6 at Plaza Shell. The launching ceremony was done by the Minister of Local Government and Housing Sabah, Datuk Seri

Panglima Haji Hajiji bin Haji Noor.


During his speech, Hajiji praised Hap Seng for their excellence and the group’s synergy to come up with something that is creative

and that meets quality standards, when it comes of developing properties.

“Hap Seng is a household name in Sabah with a strong base on the east coast. The scale of their projects are not just pocket-sized, but hundreds and thousands of acres,” he said.

“Bandar Sri Indah in Tawau and Bandar Sri Perdana in Lahad Datu are essentially townships of their own,” he continued.

“Hap Seng impressed me with their synergy between their divisions such as building materials and MML tiles which allow them to create these quality homes at affordable prices, in-line with the government’s aspiration for each of its citizens to own a home,” he added, referring to the future project planned by Hap Seng to create 1,000 units of affordable homes priced at RM200,000 onwards in Tawau.

Kingfisher Inanam is a 3-tower condominium project located along Jalan Kiansom and will have a total of 739 condominium units, together with 85,000 sq. ft Skypark – a landscape of natural greenery laid out on Level 5 to provide its residents a resort-like retreat.

“This project is just the beginning of our continuous efforts to making another mark in Kota Kinabalu. Our previous Kingfisher series has proven the marketability

and increased property values of these homes by two and three fold especially Kingfisher Park 2 and Kingfisher Sulaman,” said Chief Operating Officer Mr John Tan in his speech.

The starting price per unit of the project will be from RM380,000 onwards. Size per unit varies from the regular 865 sq.ft to a spacious 1,160 sq. ft.

According to Tan, there will be another residential project by Hap Seng which will be launched at the end of March this year.

“We are expecting to launch Kingfisher Putatan at the end of this month. This shows our strength as the developer in Kota Kinabalu and our confidence in the market,” he said.

Kingfisher Inanam is expected to complete in mid-year 2019.

On November last year, the group made Sabah history by opening the first Grade A Office Tower and Green Certified building in the state, Plaza Shell. The building, signifies the strong bond between the giant oil company Shell, the State of Sabah and Hap Seng.

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1. Team photo with Datuk Seri Hajiji2. Mr John Tan making his opening speech3. Datuk Seri Hajiji looking at the scale model4. Datuk Seri Hajiji recieves a momento for the

grand launch from Mr John Tan


NEWS

The Jiangxi Provincial Tourism Development Committee signed a Memorandum of Understanding (MoU) on March 7 with Sabah Tourism Board (STB) to enhance tourism promotional efforts between both parties, reported The Borneo Post.

STB chairman Datuk Joniston Bangkuai said the first MoU signed between Sabah and Jiangxi marked the beginning in attracting more tourists to the state and vice versa.

“We wish to deepen cooperation particularly in efforts to attract more tourists, especially from China, considering a large number of tourists visiting Sabah are from that country.”

Joniston said Jiangxi had a population of 45 million, which would be a huge tourism opportunity for STB.

He said the state’s participation in the coming tourism expo at Jiangxi this September would be the starting point of collaboration between both parties.

“During the initial discussion, they have requested us to work on a direct flight from Jiangxi to Kota Kinabalu.

“This proposal is a positive development given that direct flights from several cities in China to Kota Kinabalu have been mounted,” he said at the signing ceremony in Kota Kinabalu.

Meanwhile, Jiangxi Provincial Tourism Development Committee director general Ding Xiaoqun said both parties hoped to achieve a win-win situation in enhancing the tourism sector and economy of the country through the MoU.

Ding also invited STB and government agencies to visit the tourism sector in Jiangxi.

“At the same time, we will bring tour companies from Jiangxi to Sabah to explore the uniqueness in this state.”

Ding said the media’s involvement was also important in the bilateral collaboration for tourism promotion.

Also present were STB general manager Datuk Irene B. Charuruks and Vice Consul General of the People’s Republic of China in Kota Kinabalu, Sun Xiaowu.

The global property consultancy Knight Frank has released a new report regarding to the commercial real estate investment sentiment in Malaysia. The survey was conducted on some 700 respondents in Senior Management levels, with 55% of them were classified as property developers.

According to the survey, the market performance in 2015 was “as expected” as 54% of the respondent said so, while the remaining 46% thought it was below expectations.

The report also showed that the implementation of GST was among the negative factors that affecting the market in year 2015, as well as country’s political scene together with the depreciation of ringgit.

2016 – The Outlook The survey, which was conducted using an e-survey mechanism distributed throughout Knight Frank’s vast database as well as in-depth interviews with key players in the local commercial sector, has listed 3 favorable factors that affecting the market – the availability of fund, ongoing MRT & infrastructure and the availability of good stock / investment opportunities.

Apart from that, respondents are also positive on yield / return and foreign direct investment flow this year.

The survey revealed that 72% of the respondents intend to invest in one or more commercial sub-sectors in 2016.

The retail segment was top choice with 39% interest whilst interest in other sub-sectors range from 29% to 34%. It is also noted that developers continuing to complete the on-going retail projects could have skewed the interest for retail this year.

Based on the survey, Kota Kinabalu was listed as number 5 to the category of top investment location in the country.

The state of Penang claimed the first spot as the most attractive for investors to invest, possibly due to George Town being inscribed as one of UNESCO’s World Heritage Sites and the popularity of the state for medical tourism. Klang Valley and the fringe of Kuala Lumpur claimed the second spot, followed by Johor Bahru and Kuala Lumpur Central Business District (CBD).

Kuala Lumpur CBD was previously listed as the top investment choice in 2015, but has retreated in the ranking to fourth position.

Meanwhile, the report stated that the country’s political environment will continue to weigh heavily on business sentiment this year. Other negative factors include the unpopular GST, country’s slowing economy, cooling measures, ringgit depreciation as well as corporate and public governance.

SABAH, JIANGxI SIGN MOU TO PROMOTE TOURISM

MALAYSIA’S POLITICAL SCENE AFFECTS THE MARKET – KNIGHT FRANK

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1. Kota Kinabalu 2. Kuala Lumpur, the capital of Malaysia

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LIDO FOUR SEASONS CONDO FEATURES 1 ACRE ROOF GARDEN,

FIRST IN KOTA KINABALU

FEATURED EvENT

By Property Hunter

Future residents of Lido Four Seasons gathered together for the first time on March 12 at the newly completed development during the

housewarming celebration held by Kinsabina Sdn Bhd (the developer) here in Penampang.


In his welcome speech, Kinsabina Chief Executive Officer (CEO) Datuk Francis Goh expressed his gratitude and the appreciation towards the buyers and announced that the Occupational

Certificate (OC) is expected to be issued approximately 10 days from now.

According to Goh, Lido Four Seasons Condo is carefully designed to provide comfort and to cultivate the good relationship between friends and families. By focusing on these, he said that Lido Four Seasons is special compare to other developments.

“We created a roof top garden on each block to provide the facility for the residents so that it will be easier for them to organize any small events together with their invited friends and family members,” he said.

Spanning over 1 acre total in size, Lido Four Seasons is the first residential area to feature roof top gardens in Kota Kinabalu.

Goh also said that the management had reserve several car park areas for the residents who wish to rent another space for their additional cars.

“Each unit is assigned together with 1 car park area, but we know that some people may have more than just one car, so we have reserve several car park areas for this purpose, and it will be a lot safer than choosing to park at the street or somewhere else outside,” he explained.

Launched in December 2012, Lido Four Seasons is one of the residential projects developed by the renowned developer in Sabah – Kinsabina Sdn. Bhd.

The newly completed development consists of 840 elegant modern units within 4 towers of 15 storey condominium.

Apart from providing high class facilities such as half-Olympic size swimming pool and fully equipped gymnasium, Lido Four Seasons also featured 24-hours convenient store “Orange” and a mini restaurant that offers catering service to the residents.

All of these, according to Goh, is to provide the ultimate convenience to the residents.

In his speech, Goh also announced that there were 4 units of the condo had been reserved and soon will be converted into a tuition centre.

“By having our own tuition centre, parents will not have to worry and can actually save their time and fuel of going out sending their beloved kids to the tuition,” he said.

The housewarming celebration was attended by hundreds of visitors consist of future residents of Lido Four Seasons, together with their friends and relatives. The event also saw 5 people walked out with RM 500 each through the lucky draw.

Also present during the event is Datuk Gerald Goh, Chief Operating Officer of Kinsabina Sdn. Bhd.


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1. Datuk Gerard Goh receiving scroll from the lion 2. Datuk Francis Goh delivering his speech at facility podium3. View of Lido Four Season facade and the club house4. Buffet lunch being served to the buyers of Lido Four Season5. Club house lounge coupled with Orange 24 hours outlet6. View of 15 storey Lido Four Season with roof top garden

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FEATURED EvENT

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Artist’s Impression of Triconic Tower

TRICONIC TOWER Kinsabina Group is looking forward to officially launching a new residential project this year. The project, according to Datuk Francis, will be an updated version of Lido 4 Seasons with better facilities and to feature an integrated living concept amidst natural settings surrounding a nucleus of vibrancy.

The project, Triconic Tower, is a 3-tower condominium located along Jalan Bundusan Penampang and will feature green rooftops, endorsing sustainable building practices.

The whole project will be built on a 5-acre plot of land and will have a total of 768 condo units, with 16 storeys for each tower. The unit sizes will range between 1,047 to 1,246 sq. ft.

Triconic Tower will also feature high class facilities such as swimming pool, sauna and steam room, a children’s playground, cafes, a landscaped garden and gymnasium.

FOR REGISTRATION AND ENQUIRY: Wisma Kinsabina, Noosob Baru, KM7, Jalan

Penampang, 88300 Kota Kinabalu, Sabah, Malaysia

+6088-721 777 / 999

Artist’s Impression of Triconic Tower


TIME

The new collection that sets women’s hearts racing. Just for her.

JAEGER LECOULTRE’S REvERSO ONE



In an eloquent tribute to women, the Reverso One collection features timepieces brimming by creativity, with every last nuance an embodiment of femininity.

Reverso One Réédition, Cordonnet, or Duetto Moon: recognizing your very own means feeling your heart skip a beat, whatever the reason. Who can describe the origin of love at first sight, or the strength of an unshakable bond? Once you’ve found your Reverso, it is forever “the One”.

The Reverso One magnifies every style, be it relaxed, sophisticated, or delightfully iconoclastic. It ignites

demure classics and gives them undeniable panache. While reviving the elongated shape of the 1930s watch cases, the Reverso One has its finger firmly on the pulse of today’s fashion trends. Its exquisitely balanced proportions invite unique gestures, as a finger gently pivots the case.

This can be done for the sheer pleasure of this smooth and intensely personal movement, or to reveal unexpected delights with a dial providing a dual-time display or an area personalized by special words and secrets.

On the dial of the Reverso One, the new Arabic numerals radiate a sense of airy lightness, as if they had been handwritten in a lively, buoyant script.

The Dauphine-type hour and minute hands sweep across an extremely subtle sunburst guilloché background, exuding an aura of elegance that is a sure token of natural elegance, while its eminently sophisticated lines are suffused with an Art Deco touch.

The four corners of the watch face evoke its proud heritage, while the case features the same slightly cambered profile of the historical models that gently hugged the wrist. The sunburst cradle motif lends a dynamic touch to the famous case swivel.


WATCH



FURNISH

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1. CRIMSON 2-Seat Sofa RM3,500 (Recro Furniture)

2. Upcycled Teak Wood Shelf RM4,096 (Journey East)

3. STOIKE Teak TV Console RM3,900 (Recro Furniture)

Trash to TreasureUpcycled and restored furnishings not only help save the environment from unnecessary waste, but it can also add characteristic touches to one’s home. These unique finds were lovingly given a new lease on life

and are looking for a new place to call home.


FURNISH

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1. SOLO Bookend RM297 (Journery East)

2. License Plate Tray RM311 (Journey East)

3. FERUM Table Lamp RM1,059 (Journey East)

4. GEOX Credenza Dresser RM2,800 (Recro Furniture)


PH EXPO 2016KICKS OFF IN KOTA KINABALU

SPECIAL EvENT

By Property Hunter

Over the past few years, the Property Hunter team has visited major cities and towns in East Malaysia to accelerate and promote the property industry. This year, the team brought back the tradition and continued to

organise and deliver the biggest property exhibition in East Malaysia.

Off we go...Next, to Sandakan!


P H Expo opened up in our city of Kota Kinabalu between March 18 to 20, with over 50 developers participating in the event to promote over 60 projects. The event attracted

10,000 visitors, which was primarily dominated by the age group of between 26 to 35 years old.

The event also showcased two book launches – “Malaysian Propenomy” and “BLT Property Investment”, written by renowned property experts in the region, Dr. Daniele Gambero and the BLT trio, Miicheal Yeoh, Chris Tan and Richard Oon, respectively.

Special guest speaker Wong Chui Ling of Melody FM, who is also an avid investor, had also elevated the event with her presence. Chui Ling shares her valuable experience and tips on the business of property investing.

According to Property Hunter’s Director, Elson Kho, the supportive participation from the exhibitors and the crowd, proves that despite the cooling measures and the tightening lending policies by banks, it is obvious that there is still strong interest in the property market in Sabah, and with

this, the team will push even further to provide the best experience for future expos.

The next stop for PH Expo will be in Sandakan this coming April. For more updates of the upcoming expo and future destinations, please visit the PH Facebook Page and website at www.propertyhunter.com.my.

1. Group photo of the lucky visitors, posing with the brand new “Malaysian Propenomy” with the author Dr. Daniele Gambero

2. A sale representative guiding a visitor on property matters3. Sale representatives explaining about their property

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FEATURED EvENT

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1. Datuk Francis Goh officiating the book “BLT Property Investment”, together with Michael Hiew, founder of Property Hunter in presence of the authors Richard Oon, Chris Tan and Miicheal Yeoh

2. Malaysian Propenomy book giveaway 3. Dr. Daniele Gambero gave a very energetic and insightful talk4. PH Expo features representatives from the participating

developers to guide potential buyers and property investors5. Radio and TV personality Wong Chui Ling warming up the

visitors at the talk

6. PH Expo features representatives from the participating developers to guide potential buyers and property investors

7. Age is just a number. PH Expo attracts visitors of all ages8. Visitors listening attentively to the talk9. Visitors looking at properties at the expo

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HOT TOPIC

By Property Hunter

For local architects and developers today, apart from the challenge of designing and constructing houses that are affordable for the main public, the

recent trend is to construct houses that are not only economically- feasible but also environmentally friendly so that the homes will not take a significant toll on

the environment.


The main objective of a ‘green home’ is to minimize both environmental impact and financial outlay by equipping the modern homes with sustainable technology. All over the world, we have seen an increase in sustainable buildings with similarly high level of architectural innovation. These are five of our favourite picks:

Designed by international architecture

outfit, Snøhetta, the ZEB (Zero

Emission Building) Pilot House is a

remarkable experimental home that

utilizes ample solar panels. The home is

said to be able to generate about three

times the amount of electricity that it

requires, which means that it will have

plenty of extra juice for charging.

The ZEB Pilot House owes its

spectacular performance to its

smorgasbord of sustainable technology

a large photovoltaic array, rainwater

collection system, solar thermal panels,

and an efficient heat exchanger.

Easy on the eyes, the ZEB Pilot

House also boasts a swimming pool

and shower, which are warmed using

surplus heat.

True to its name, the Pop Up House

was erected by a team of builders

in just four days with no more tools

than a screwdriver. Designed by the

French architecture firm, Multipod, the

construction of the Pop Up House is

similar to that of a giant Lego building.

The Pop Up House is a prototype

prefabricated home that is said to cost

around USD$41,000 (MYR167,000).

Its green feature includes excellent

insulation and near airtight thermal

envelope, which would not require

heating in the colder months talk about

cutting down heating bills! What more?

It also meets the very high Passivhaus

energy standard.

The ZEB Pilot House

The Pop -Up House

Norway

France

The Illawara Flame is a creative take

of the conventional Australian ‘fibro

house’ that is retrofitted with enough

sustainable technology. Designed by

the students of Australia’s University

of Wollongong, the Illawara Flame

house project involved an extensive

renovation process, which included

transforming a bedroom into a living

space as well as the installation of

prefabricated pods, which contain

amenities like laundry room and

bathroom.

Sustainable features include a roof-

based 9.4 KW solar panel system,

rainwater harvesting and gray water

recycling systems, energy efficient LED

lighting and a building management

system that offers fine control over and

information concerning all electrical

appliances and stored energy.

The Illawara Flame

Australia

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HOT TOPIC

The brainchild of Carl Turner Architects,

the Slip House presents an attractive

template for affordable and sustainable

family homes in the UK. The Slip House’s

unique form consists of three stacks

of slipped orthogonal box shapes. It

is slotted between a row of terraced

houses in London, on a brownfield site

that is formerly used for industrial or

commercial purposes.

This three storey family home features a

rainwater harvesting tank, solar panels,

mechanical ventilation, triple glazing and

a high level of insulation all of which is

able to save up to 1092.73kg (1.2 ton) of

carbon dioxide per year, according to its

designers.

The Slip House

United Kingdom

The S House is Vietnam’s Vo Trong

Ngia Architects’ answer to practical,

sustainable and unbelievably

cheap homes. Priced at USD$4,000

(MYR16,290) each, the S House is meant

to be an affordable home option

that is built using easily obtained local

materials, such as palm leaf thatching

and bamboo.

With a basic interior measuring just

30sq m (322sq ft), the S House is

prefabricated and can be disassembled

for easy transportation. It is designed

with large polycarbonate panels that

allow plenty of natural lighting. It can

also be opened up for access as well

as easy ventilation. A small gap between

the roof and walls also encourage better

air flow saving up on electricity.

The S House

Vietnam

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INSPIRING CHANGE

FEATURED INTERvIEW

Datuk Ho Jia Lit and Karim Hussein are pioneers when it comes to sustainable architecture in Sabah. Both their works combined have won their firm (Arkitek

Summaz) several awards and nominations in both local and international competitions. Their design philosophy has always involved understanding the

relationship between buildings and the human context, encompassing the surrounding built and natural environment. Property Hunter interviews them at

Karim’s beautiful home at Signal Hill to understand more about themselves and their hopes for the developing architecture in Sabah.



How did you become partners in business?Karim: We were uni mates back in Australia and his wife was my classmate. That’s how we knew each other. Anyway, I was still working in Australia when he (Datuk) called me up one day and told me that he was going after a big job in Sabah, for which, he was already back here for a while. That was during the economic downturn at the time. So I came back, and well, here I am since then (laughs).

Datuk Ho: Yea, at that point we were already quite close, so when I had this project, I thought of him and asked him, “When are you coming back?”.

What were you both like growing up? Any fond memories?Datuk Ho: I was originally a kampung boy from Menggatal, then we moved to the wetlands nearby here (Signal Hill) where I used to help my parents plant vegetables. This was a time when there were no electricity, piped water and roads there, so everyday we had to walk through the forest to go to school. Then, the school that I attended relocated from Karamunsing to St. Agnes, Likas and so we also moved to Kampung Likas. I used to struggle with dyslexia as a child and was always failing in school. Most people I knew used to look down on me. This was before ‘dyslexia’ was even known here.

So, I became rebellious, and didn’t care about what anybody would think. I only learned how to write properly in form one because I really struggled in writing. Nobody expected me to have a bright future, and I think that’s what saved me. Had I accepted that I was a failure like everyone expected, I wouldn’t be where I am today.

And you, what were you like Karim?Karim: Me? (laughs) I was the good boy. I was very studious and would read a lot. I grew up in Tanjung Aru and I started my kindergarten very early and actually spent two years in kindergarten before going to Johor to stay with my grandmother for three years (primary school), then I returned to Sabah to complete the rest of my primary school at Sacred Heart before going to Sabah College for my secondary education. After that, I was offered a scholarship to do my degree in Australia. I continued to work there for three years before getting the offer from Jia Lit and returned to Sabah.

What made you become an architect? Was it always what you wanted to be growing up?Karim: Ah, very interesting question. I always wanted to be an architect, even in primary one, I remember getting this Lego set. There was also this time when the state mosque here was under construction, my father got me a sample of the gold tiles used for the dome from the architects. I really treasured it (chuckles). So, that’s how I got into architecture. Jia Lit, how did you get into architecture? Datuk Ho: Well, for me, I had initially enrolled at Monash University to do law. However, I dropped out of law school after being told that the degree wasn’t recognized in Sabah. I then decided to study engineering for a year before I had the realisation that it’s not want I wanted to do for the rest of my life. Much to my father’s contention, I dropped out again to take up architecture at Geelong. Luckily, the first year of engineering is an all-rounder, where you study all sorts of things like psychology, management, architecture...that’s when I got interested in it (architecture).

But as a kid did you like or even knew how to draw?Datuk Ho: Nope. I was a jungle boy. I liked catching birds and animals instead (laughs).

So you don’t need to be good at drawing in order to become an architect?Karim: Oh yea, you don’t need to. It’s a myth that only those who can draw can be architects. I think, to become an architect, you just need to be creative. And although I can draw, that wasn’t why I wanted to become one. It was about buildings.

Datuk Ho: You need to have a vast imagination and boundless creativity if you want to become a successful architect. The reason why some architects can draw so well is because they have natural creativity.


Among all, which of the projects were you most passionate about?Karim: It depends, but one of my personal favourites was the old Terminal 1 airport, which has since been demolished. It was special to me as it had this unique zig zag roof that I designed. I poured a lot of my heart into it - during its construction, I went to the site almost every other day to make sure that the construction went on perfectly. There is also the Sulaman mosque in Tuaran which was an early project that got constructed just after I returned to Sabah.

Datuk Ho: My passion is in all the small eco-tourism projects I’ve done, where you see the benefits and profits going back to the communities. That is the most rewarding to me. Also close to my heart, is the Lok Kawi Wildlife Park. I went to Singapore, KL and the Philippines at my own cost to do the study because the state government didn’t have enough funds to engage specialists. It was crucial that everything was done properly, and as architects, I believe that we have a responsibility to understand every aspect of a project. So we were on the ground learning from their zoo wardens on how they manage their zoos and what was best for the animals. It took us twelve years to complete the project.

Do you think that sustainable or green design limits a building’s aesthetical potential?Karim: No, it’s quite the opposite. The building design will reflect a sense of care and balance in response to the environmental needs and user needs. Green design to me means minimum wastage in material and energy to achieve good function. We should

account for the materials we use. For example, if we cut down one tree (for timber), we should plant back four times the amount we use. One to replace what we take, one for future maintenance and two, just in case, as our contribution to giving back to nature. Collect solar energy to reduce your carbon footprint.

These items are the bigger picture in building aesthetics.

Datuk Ho: Designing something by taking the surrounding and its environmental aspect into consideration forces you to be more creative, and so this is what gives the whole look of a building or structure character.

What are your wishes for Sabah for the future?Karim: Separation of rubbish in all our waste management system. That would be something to look forward to when we can recycle all our waste.

Datuk Ho: Datuk Yeo Boon Hai, the new KK City Mayor is also looking into separating wet and dry wastes, especially in restaurants and coffee shops. I think this is an excellent move.

My wish would also be for the local government to issue a circular to all local councils for the compulsory requirements of providing insulated roofing to all residential projects. It’s basically a layer of double-sided aluminium foil with a minimum of 50 mm insulation wool, or equivalent. It gives a temperature reduction of potentially up to four degrees. I’ve been pushing for this insulation system since 2010 because this novel idea will greatly improve comfort levels for the low-income people of Sabah that could not afford high costs of electricity from air conditioners. Implementing this insulation system is in great compliance to the GBI (Green

Building Index).

Karim: I also look forward for more design and architectural competitions in the future. This way, the younger generation will be able to participate and contribute. Perhaps for starters, we can have one competition per year to provide opportunity and unleash hidden architectural talents and creativity in Sabah.

Green design to me means

minimum wastage in

material and energy to

achieve good function.

“


NEWS

Kota Kinabalu City Hall is planning to install close-circuit television (CCTV) and WiFi services in the city with the assistance from the Ministry of Multimedia and Communication, reported The Borneo Post.

According to the newly elected city mayor Datuk Yeo Boon Hai, Datuk Seri Panglima Dr Mohd Salleh Keruak who is the Minister of Multimedia and Communication had spoken to him and willing to assist the City Hall with the said proposal.

“We are planning to make the city more friendly and safe by installing more lights and providing WiFi services,” said Yeo.

He also said that the City Hall would create more pedestrian-friendly walkways.

Yeo delivered the statements during a courtesy call by Kota Kinabalu Chinese Chamber of Commerce and Industry (KKCCCI) committee, led by its president Datuk Michael Lui Yen Sang on February 25.

The mayor reiterated his vision for green and liveable Kota Kinabalu and called for the corperation from shop and business operators to keep the cleanliness of their premises so that the City Hall could put in other efforts as affixing more lights and CCTV.

WIFI, CCTv TO BE INSTALLED THROUGHOUT KK

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Budget hotel operator Nida Rooms aims to expand its operations to 5,000 rooms regionally by May, and 10,000 by the year end, reported The Star.

Currently, the company, which began operations seven months ago, has about 3,000 rooms through various collaborations in South-East Asia, of which 700 are in Malaysia.

“We aim to have 1,200 rooms in the country by May,” its chief commercial officer Song Eu Jin told reporters at a media briefing.

On February, the company signed an agreement with SelecTV, a company providing prepaid TV services in 5-star hotels, to provide quality entertainment and free TV at Nida Rooms.

“There’s no reason that budget room guests should be deprived of quality entertainment when they check in. For the 12-hour period

that the guest is in the room when they get in for the night, they should have a relaxation window of about an hour an a half, where they unwind and watch some TV catered to their interest,” Song said.

“It is still too early for us to mention the investment amount involved in the implementation of the entertainment platform but for now, both companies will

leverage on each other’s resources as we focus heavily on the South-East Asian market in the mid-term. In the long term, we will expand into South America,” SelecTV chief executive officer C.S. Goh said.

In November 2015, Nida Rooms had a capital injection of US$1.3mil (RM5.41mil) by private investors.

Nida Rooms was introduced in Indonesia as a virtual hotel operator by parent company Global Rooms Ltd to ease booking of hotel rooms, providing maximum services at affordable prices in South-East Asia.

The budget hotel focuses on six priorities – clean rooms, comfortable beds, air-conditioned rooms, complimentary Wi-Fi, hot shower and functional amenities.

The expansion of the Lumut Port in Kampung Acheh, at a cost of RM200 million, is expected to be completed before 2020, says Menteri Besar Datuk Seri Dr Zambry Abdul Kadir, as reported by Bernama.

Saying that the project would cater to the needs of future investors, he added that the port had handled more than 45 million tonnes of cargo and received about 7,400 ships in the last 20 years.

He described the feat as extraordinary since

the Lumut port was not a main port of call as Port Klang and the Pasir Gudang Port.

Zambry also suggested that port operator, Lumut Maritime Terminal Sdn Bhd, handle clean cargo like foodstuff instead of just concentrating on dirty cargo such as coal, lime and clay in order to remain competitive.

“Perhaps we can have luxury liners berth here as well,” he told reporters after officiating the ground breaking ceremony for the port’s expansion in Lumut, Perak on Monday (March 7).

In a related development, Zambry said the state government had identified a suitable site for a new port in Hilir Perak.

BUDGET HOTEL OPERATOR NIDA ROOMS TO ExPAND IN SOUTH-EAST ASIA

LUMUT PORT ExPANSION WILL COMPLETE BEFORE 2020

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1. Inside view of Nida Rooms2. Dr Zambry Abdul Kadir3. Datuk Yeo Boon Hai



Sarawak Chief Minister Datuk Patinggi Tan Sri Adenan Satem on March 6 announced that the tenure period for land would be retained

at 99 years.

He made the statement when attending the event “Leader With The People” held in Kuching.

Previously, Adenan announced the quit rent for land below 100 acres has been abolished.

“If the original tenure period of the land was 99 years, the tenure period for all lots divided from it would remain 99 years instead of 66 years as decided earlier,” he said, as reported by The Borneo Post.

He also said the decision was made based on the request from landowners, which he felt was reasonable.

It was for that reason that he was very serious in demanding for the return of the state’s autonomy from the federal government, he explained.

“Devolution of power would be pursued accordingly till we get the desired outcome,” he said, adding the process would take time

as it has to follow administrative and legal procedures.

He added that when he talked about fighting for Sarawak’s rights, he meant business, stressing it was for that reason that he deserved to be called the Chief Minister of Sarawak.

He also talked about demand for a fair share of development fund from the federal government because he felt that Sarawak being part of the federation and almost the same size as Peninsular Malaysia required huge funds to catch up with the pace of development in the Peninsula.

“As we are still lagging far behind in every aspect of development, we need big funds to catch up, be it in terms of road connectivity and other basic infrastructure and facilities,” he said.

Ewein Bhd has terminated its plan to acquire a 50% equity interest in construction outfit UD Piles Sdn Bhd for RM2.88 million, reported The Sun Daily.

In a filing with the stock exchange, the company said the termination was due to the non-fulfillment of the conditions precedent of the share sale agreement.

Meanwhile, in the latest results, Ewein reported a 73.91% surge in net profit to RM4.7 million for the fourth quarter ended Dec 31, 2015, thanks to contribution from its maiden property development activity.

Revenue for the quarter under review jumped by more than threefold to RM36.59 million from RM10.82 million.

Full-year net profit grew by close to four fold to RM12.32 million against RM3.16 million a year before. This was on the back of a 92.81% increase in revenue from RM44.64 million to RM86.07 million.

Ewein said the board is optimistic that the manufacturing division will be positive and it is poised to further improve in view of the current weak currency environment for the remaining months of this year.

“The board expects a significant contribution from its property development segment which will be expected to drive the group’s performance positively in the future,” it noted.

LAND TENURE REMAINS 99 YEARS

EWEIN ABORTS PLAN TO BUY CONSTRUCTION FIRM

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The Ministry of Public Utilities plans to collaborate with Sarawak Energy Berhad (SEB) and Public Works Department (PWD) to extend electricity supply to remote and isolated areas in the state, reported The Borneo Post.

Minister of Public Utilities Datuk Amar Awang Tengah Ali Hassan said he would present a paper on the initiative to the state Cabinet soon.

“If the state Cabinet agrees with the proposal, then we can we proceed and let both SEB and PWD to become the implementing agencies to supply electricity to the very remote and isolated areas in the state which are not connected to the grid,” Awang Tengah told

The Borneo Post after chairing a meeting with the media at his office on March 8.

He said the state government’s main concern now was to look for the best solution to assist those who were still depending on generator sets which were deemed too expensive for the rural people.

He added that among the possible solutions to address the situation were to provide alternative sources of electricity such as mini hydroelectricity dams and solar energy.

“Our main focus now is to provide electricity supply to the rural areas, hoping that by 2020, we will be able to achieve 100 per cent electricity supply coverage to every household

in the state.”

To achieve the target, he said the government must adopt the same policy as the federal government through the National Blue Ocean Strategy (NBOS) approach to find the best possible solution.

SARAWAK MINISTRY TO WORK WITH SEB, JKR TO PROvIDE ELECTRICITY IN RURAL AREAS NEWS

1. Datuk Amar Awang Tengah Ali Hassan2. Datuk Patinggi Tan Sri Adenan Satem3. Logo of Ewein Bhd

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UPCYCLING The art of turning trash into treasure

HOT TOPIC

‘Upcycling’ is the process of converting waste materials or unwanted useless items and creatively turning them into something new, usually of better quality and with better environmental value. Re-purposing, recreating and giving waste a new lease on life is much better than

burning it or letting it end-up in landfills. Examples would be like turning industrial pallets into outdoor chairs, plastic bottles turned into flowering

pots, old tires turned into gardening decorations...the list is endless.

By JF Production


By upcycling, it doesn’t just promote the reuse of the old material, it’s also looking at a more sustainable approach to saving the environment.

Recycling aluminium cans and processing them into new cans actually consume more energy and chemicals. Same goes to plastics, metals and any other recyclable items. Meaning, more coals will be burned and more toxins being released into the environment causing more harm than good.

Upcycling is very popular in many countries like the UK, USA, Germany, Australia, New Zealand, and even China and Thailand. Some western countries approach local upcycle artists to decorate the city areas using reused and upcycled waste materials. In Thailand, monks constructed a beautiful temple out of collected glass bottles.

However, in Sabah, upcycling is still an undergrown practice. There aren’t a lot of people who do upcycling as a lifestyle or at a moderate scale. We only find local

farmers using pails for plants or fishermen reusing old t-shirts as artificial lure and plastic bottles as floats.

Upcycling can easily be done at home. By using only scissors, one can turn a plastic bottle into a pencil holder or a phone holder in just a few minutes. Or decorate a mason jar into a flower vase with few colourful strips of cloths from an old t-shirt in just 10-20 minutes. One can upcycle just about anything from old or unused stuff. Just be creative and put some personal touches into it and it will turn out nicely. As for the hard-core upcyclist, with the right tools, some patience and a bit of TLC, you can transform an old cabinet or old window frame into a rustic piece of coffee table or any other furniture for the home.

DBKK’s dumpsite is facing a shortage of space for waste these days. Domestic waste, industrial waste and garden waste are all unsorted and dumped into one site. Based on statistics, only 5% are being recycled and this amount is very low.

JF PRODUCTION was founded in December 2014 by Japson Wong, a marine biologist by profession and Lester Tsen, a photographer. The team consists of a total of six members from different professions and backgrounds with the same passion to make quirky and beautiful structures and pieces using waste materials to beautify Kota Kinabalu City.

Reduce buying products with waste materials

A step-by-step to reduce waste:

Stop producing waste

Reuse whatever you can

Upcycle, recreate, repurpose waste for another use

Recycle every recyclable waste


NEWS

First time house buyers should shop around to find financing package which best suits their needs as certain commercial banks do offer special packages for first timers, says Association of Banks in Malaysia (ABM), reported Bernama.

ABM also suggested that these first timers work with their financiers when assessing the suitability and affordability of any facility applied to ensure a more robust financial management for buyers.

“What is important is for such buyers to recognize the need to make sound decisions of their own affordability appropriate to their

financial circumstances,” the association said in a statement.

It added that some of the factors house buyers needed to consider included the availability of adequate down payment, good credit record and financial capability to make monthly payments.

ABM also stressed the need for applicants to fully and accurately disclose all material information about their financial position as this would be help commercial banks in carrying out an affordability assessment.

“For self-employed applicants, banks will also

take into account their proof of savings and regular income sources,” it said.

ABM also encouraged first time house buyers to consider applying for the government’s ‘My First Home Scheme’.

The Real Estate and Housing Developers’ Association Malaysia (REHDA) will work closely with the government to make housing more affordable, reported Astro Awani.

Deputy President of REHDA Datuk Soam Heng Choon, said actually, there were many aspects why the housing was not affordable.

“Together we will try to tackle this issue. For a start, the association is encouraging property developers to shift to the industrialised building system (IBS),” he said.

Soam said this after the signing of a memorandum of collaboration between the association and CIDB Malaysia to promote low-carbon and sustainable practices in the housing and construction industry.

IBS is a special construction technique where components are manufactured in a controlled

environment, either at the site or off-site.

He said this policy could work amid the uncertainty in the economy, depending on

area.

“That, however, depends on where the areas we are going to develop the housing projects affordability in the KL area maybe around RM500,000, while in small town RM300,000,” he said, adding that for 2016, the property prices were not expected to increase.

Petroliam Nasional Berhad (Petronas) said Tuesday (March 1) it expects to cut about 1,000 jobs as it struggles with plunging global oil prices that have hammered the energy-dependent country, reported AFP.

The company, the single largest source of Malaysian government revenue and national export earnings, said the layoffs would take place over the next six months.

“Exhaustive efforts are ongoing to redeploy affected employees,” the company said in a statement.

On Monday (Feb 29), Petronas reported a fourth-quarter net loss of 4.69 billion ringgit (US$1.1 billion).

The unlisted Petronas, Malaysia’s only Fortune 500 company, also announced cuts in capital and operating spending of RM50 billion over the next four years, starting with 15 to 20 billion in 2016.

Petronas is not the only firm to suffer from sinking prices of oil and other commodities, which have battered Malaysia’s growth prospects.

Sime Darby Bhd, the world’s biggest listed palm oil producer, last Wednesday announced a 38 percent plunge in second-quarter profit due to weak commodity prices and China’s slowdown.

Full-year growth for Malaysia in 2015 was at five percent, down from six per cent in 2014. The government now expects economic growth of 4 to 4.5 per cent this year, down from an earlier projection of five percent.

FIRST TIME HOME BUYERS SHOULD SHOP AROUND FOR FINANCING PACKAGE

REHDA TO WORK CLOSELY WITH GOvERNMENT TO MAKE HOUSE AFFORDABLE

PETRONAS TO CUT 1,000 JOBS

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1. Petronas signboard2. Kuala Lumpur, the capital of

Malaysia3. Housing area in Malaysia



HOT TOPIC

Knight Frank’s Real Estate Highlights 2nd Half 2015

HOT TOPIC

With a lacklustre year behind us, Kota Kinabalu is expected to regain development and growth momentum going forward. It

is expected that developments which were put on hold in 2015 will hit the market in 2016. However, Knight Frank maintains

that lending conditions need to improve in order for developers to achieve strong take up rates.


T he gross development value (GDV) of new property launches in Sabah has plummeted significantly from RM7.65 billion in 2013 to RM3.75 billion in 2014 and further fell to RM1.5 billion last year due to key-factors such as the abolishment of the Developer Interest Bearing Scheme (DIBS), stringent lending conditions, the

weakened ringgit and delays in the approval of development plans.

Values are expected to maintain stability across all sectors in the secondary market supported by a rise in primary market launch prices. Land costs continue to increase and coupled with GST, minimum wage hikes, a weak ringgit and inflationary pressure, it is not possible for developers to lower their margins.

Foreign investment at an institutional and consumer level is highly anticipated for development investment opportunities and new launches, and Knight Frank is optimistic that offshore take up rates for properties in sought after locations will be attractive in light of the currency situation.

Despite continued volatility in the global economy, Sabah is expected to weather the storm with its strong fundamentals in oil, gas and energy and the palm oil trade, albeit against commodity prices and currency pressure. The tourism sector will play an important role in bolstering state coffers and we believe that there will be a greater focus on the development of tourism products and supporting infrastructure in the coming year.

Market Highlights

Similar to the first half of 2015, the city has seen little activity in the primary market. Developers continued to take an apprehensive view on launching new projects given macro-economic conditions and the lending environment. Values across all sectors continued to remain stable, though transaction volume remained weak.

Based on the Property Market Report First Half 2015 by NAPIC, Sabah registered 4,273 transactions with a total value of RM2.2 billion (inclusive of both primary and secondary markets), a decrease of 3.0%

and 7.0% in volume and value respectively, against the first half of 2014.

Interest in capital market acquisitions by local and particularly foreign corporates and institutions has increased, albeit at an investigative and due diligence level. Up to August 2015, Sabah posted a budget trade surplus of RM 6.8 million despite tough market conditions and the medium- to long-term outlook remains positive.


According to Malaysian Prime Minister Datuk Seri Najib Razak, the first phase of the Pan Borneo Highway in Sabah will commence construction on the first quarter of 2016. At a cost of RM27 billion, the construction which spans over 2,239 kilometres will be the main artery connecting Sabah, Sarawak, Brunei and Kalimantan in the future.

The Works Ministry has submitted proposals to build 10 flyovers at four major roads in KK under the 11th Malaysian Plan (11MP), in addition to two flyovers at Jalan Kolam traffic light intersection and Mile 5.5, Jalan Tuaran which was initiated back in January 2015. The project was identified as part of the outer ring road project in KK which requires a cost of RM1.11 billion, according to Works Minister Datuk Seri Haji Fadhillah Haji Yusuf.

KKIA Terminal 2 has been terminated and its operation moved to KKIA Terminal 1 due to the exceeded passengers capacity of two million per annum. Terminal 1, built at a cost of RM1.7 billion has the capacity of 9 million people and 64 counters to cater for both domestic and international flights. The decision is expected to provide a greater sense of arrival for all passengers entering KK.

The director of Town and Regional Planning Department (TRDP) released the much anticipated SSP2033 which represents a macro long-term strategic document that will guide and direct Sabah’s future physical growth and development up to 2033.

Focusing particularly on the West Coast Division of Kota Kinabalu, the key development strategies proposed by SSP2033 are as follows:

Develop Kota Kinabalu and the adjoining districts of Penampang

and Putatan as Metropolitan Cities.

Improve the existing rail link and extend it further to Kudat.

Improve the public transportation system in KK by introducing Light Rapid Transit (LRT), Bus Rapid Transit (BRT) or other modes of alternative

transportation systems.

Plan for future relocation of the Kota Kinabalu International

Airport (KKIA).

Pan Borneo Highway Flyovers KKIA

The Sabah Structure Plan 2033 (SSP2033)

HOT TOPIC


Shangri-La International Management Ltd and Pacific Sanctuary Holdings Sdn Bhd jointly announced the first Hotel Jen in Borneo which will be opened in 2018 and positioned strategically in PacifiCity, a premier integrated commercial hub at Likas Bay.

Asian Pac Holdings Sdn Bhd has acquired a 16.57-acre leasehold land in Papar for RM218 million, analysed at circa RM30.20 per sq.ft, for its future projects. The move is to expand its property portfolio and strengthen its visibility in the state following the successful opening of Imago Mall.

Gabungan AQRS Bhd and SBC Corporation Bhd’s respective joint ventures with Suria Capital Holdings Bhd at the old Jesselton Port area are progressing through planning stages and are forecast to launch in 2016.

Major mixed-use developments such as the Aeropod, Sutera Avenue and PacifiCity are continuing to progress through construction, however there is some delay on the expected completion time for the developments mainly due to unfavourable weather and the macroeconomic environment.

JC Alliance has recently partnered with Hap Seng Land to establish Hap Seng Land Development & JCA Sdn Bhd for a residential high-rise development within the vicinity of Taman Seri Ketiau in Putatan.

Ho Hup (KK) Sdn Bhd (HHVKK) along with Tribeca Real Estate Asset Management have made significant progress on the construction of the Wawasan DBKK car park and bus terminal. The approved hotel, luxury condominium and retail development is in its final stage and the residential sales of the project is expected to launch in 2016.

Noteable Progress


Ongoing sales and supply of office space are as follows :-

HOT TOPIC

Residential

Office

There have been no significant new launches of projects by developers in KK in the second half of 2015 due to the uncertainties caused by the weakening ringgit and continued tight lending conditions.

Updates of selected residential projects are as follows:-

The existing supply of office space has increased by 4.8% after 3 years of little addition to the sector – with the recent completions of Plaza Shell and Riverson Suites.

Kingfisher Inanam Condominium (25 storey with a total of 257 units with sizes ranging from 865 sq.ft to 1,160 sq.ft).

Kingfisher Putatan (5 storey condominium, 120 units ranging from 1,009 sq. ft to 1,065 sq. ft).

Launching of another phase of its serviced apartment, Tower 3 of Sutera Residences which was held in May 2015. The serviced apartments will be available in two layouts (1+1 and 1+2 bedrooms) with built-up areas ranging from 726 sq. ft to 1,220 sq. ft.

The new eco-friendly building was built in tandem with Hap Seng’s desire to provide a healthy and productive working environment whilst embracing environmental sustainability as part of their business core values.

Traditional rental rates have hovered around the RM2.00 to RM3.50 per sq.ft range, however the quality and standard of construction of the building allowed it to achieve a rental rate of minimum 4.50 per sq.ft exclusive of service charges.

As of second half of 2015, there were no new launches of purpose-built office after the completion of Plaza Shell.

Riverson Suites is part of the Riverson mixed-development, comprising of a tower of 6-storey office suites with typical unit sizes ranging from 2,192 sq ft to 4,232 sq ft. The development which was launched in 2011 is at its final construction stage, with Occupancy Certificate (OC) in place for its office segment (Riverson Suites) and it is understood that an occupancy take-up rate of 100% has been precommitted.

Located at Likas Bay, covering a 15-acre land site along the shoreline overlooking the South China Sea. The RM388.7 million worth project awarded to Bina Puri Holdings Bhd entails the construction of a 33-storey office tower and two blocks of 9-storey buildings, making it one of the tallest structures in Sabah. The development is expected to be completed in 2016, and will accommodate the Sabah Chief Minister’s office together with cabinet chambers upon completion.

Hap Seng

Mah Sing Group

New Landmark in KK Plaza Shell

Riverson Suites

Sabah State Administrative Centre


Retail

The additions of Oceanus and Imago malls earlier in 2015 have added 22.7% of supply to the sector and has shaken occupancy rates and rents.

Due to the introduction of GST and a decline in domestic consumer spending, the retail sector will need to bolster foreign tourism spend during this market downturn.

Retail shop lots are seen to be struggling to secure tenants more than shopping malls. They are likely to face continued fierce competition

amongst one another as new supply is added to the market in 2016 with the completions of Pacific Parade @ PacifiCity, Sutera Avenue Retail Mall, Riverson Walk @ Riverson and Jesselton Mall @ Jesselton Residences.

Mature retail markets such as Hong Kong and Singapore illustrate approximately 11.5 sq ft of retail space per capita.

Located at the suburb of Hilltop, the low density Jesselton View offering 80 units housed in 5-storey and 11-storey blocks with built-up areas between 809 sq. ft and 2,922 sq. ft.

One Jesselton@Kepayan Ridge (12-storey condominium comprises 125 exclusive units with size ranging from 964 sq.ft to 2,660 sq.ft).

Bay 21 TOO (26-storey condominium, consists of 286 luxurious furnished units from 365 sq.ft to 1,248 sq.ft)

The development will introduce revolutionary construction methods that will set a higher quality standard for developments in Sabah.

The project is also the first GreenRe Silver rated building in the state based on Real Estate Housing Development Association (REHDA)’s GreenRE rating.

Bina Puri Holdings Berhad

Remajaya Sdn Bhd


MALAYSIAN ANNUAL REAL ESTATE CONVENTION

(MAREC’16)KEEP YOURSELF UPDATED WITH TECHNOLOGY

FEATURED EvENT

By Property Hunter

President of Malaysia Institute of Estate Agents (MIEA) Erick TY Kho urged practitioners to utilize and keep themselves updated with the Information

Communication Technology (ICT) to tackle the changing business landscape.


“Today ICT is impacting our everyday life. It is not something we can ignore, more so as a professional organization,” he said in his speech during the Malaysian Annual Real Estate Convention (MAREC’16) last Friday, March 11.

“Instead of just being reactive and defensive, we are taking a proactive approach in leveraging ICT to transform and grow our professional and business practices,” he continued.

“There are many areas for which we can do to improve our effectiveness, reliability and quality of service to our customers, generating a dynamic, positive and respectful public image,” he emphasized.

Kho also announced that MIEA is working with Orangesoft to “rejuvenate” the organization’s website, in line with the said objectives with the tagline, “Grow With It”.

“We have also established a roadmap that will bring many exciting apps to improve personal productivity of negotiators, enhance our professional standards and create a dynamic world-class community as well as counter-action some emerging threats,” he further revealed.

In related matter, President of the Board of Valuers, Appraisers and Estate Agents (BOVAEA) Datuk Sr Faizan Bin Abdul Rahman said that the board is aware of recent disruptions in the form of digital platforms which aims to remove real estate agents as

intermediaries from real estate transaction.

“Whilst we are scrutinizing their business models to ensure that no regular transactions are being breached, we would like to remind the public that they should only engage of the services of registered estate agents and negotiators in the real estate transactions,” he said.

At the same time, he also stressed that the Board is seriously looking into non-compliant agents and negotiators who fail to insert their REN Number in all their promotional and marketing materials.

“The Board has a team of six Investigation Officers who check through all the ads in various media,” he said.

“They also conduct random checks on negotiators who fail to wear and display their REN Tag at exhibitions, showrooms and shopping mall sales booth.”

“For the month of January and February 2016 alone, a total of 196 cases were found to be in breach of the Board’s requirements,” he revealed.

The Malaysian Annual Real Estate Convention 2016 (MAREC’16) is an event where the real estate fraternity converges once a year to be recharged and motivated for the year ahead.

Also present during the event were real estate representatives from United States, Thailand, Singapore and Indonesia.

1. MIEA President Erick TY Kho (second right), President of BOVAEA Datuk Sr Faizan Bin Abdul Rahman (middle), Eric Lim and MIEA Past President Siva Shanker

2. Datuk Sr Faizan (guest of honour) greeted by MIEA member

3. Datuk Sr Faizan delivering his speech

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NEWS

The government has agreed to review the National Housing Policy, especially related to property prices, which was proposed be decided by the government, not just to market forces, reported Bernama.

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the government via the Urban Wellbeing, Housing and Local Government Ministry could conduct prudent price control by taking into account certain elements such as location and type of house.

“This is logical not only in the interest of the members of Cuepacs (Congress of Unions for Employees in the Public and Civil Service), but the public too although they are outside the jurisdiction of Cuepacs, but I think Cuepacs represents 1.6 million civil servants.

“Coming up with such proposals is not aimed

at rejecting market forces but, looking at prices going up at a rapid rate which rules out affordability of buyers, will result in the failure of the house ownership policy,” he told a media conference after opening the 2016 Civil Servants Housing Convention here on March 2.

Earlier, during the ceremony, Cuepacs president Datuk Azih Muda in his welcoming speech had suggested that the government review and revamp the National Housing Policy which was seen as no longer relevant especially to civil servants to own homes.

Azih also suggested several other proposals including asking the government to interfere in deciding on the prices of houses and wanted the government to set up a land bank and buy land in strategic areas for building the houses of civil servants in the future.

Azih said that the government abolish the stamp duty charge imposed on civil servants buying their first house via the Public Sector Home Financing Board.

In his speech when opening the ceremony, Ahmad Zahid said it was very logical for the government to respond to all the proposals

from Cuepacs in the interest of public servants to own homes.

He said that he would personally bring all the suggestions and views of Cuepacs to the Cabinet meeting next week for consideration.

Commenting further on the suggestions, Ahmad Zahid said it was apt to set up a land bank aimed at obtaining land in strategic areas to build houses for civil servants in the future.

The move, he said, also fulfilled the aspiration of the government to ensure 100 per cent of civil servants owned homes before they retired.

“In this matter, I support what was mentioned by Datuk Azih just now that the National Housing Policy is not so relevant currently, especially related to civil servants who cannot afford to purchase a home.

“I don’t want group B40 amd M40 to be seen as wearing a short sarong, pulling the bottom of the sarong reveals the upper portion, pulling the upper portion, one sees the lower portion..Don’t make civil servants wear short sarongs,” he said.

GOvERNMENT TO REvIEW NATIONAL HOUSING POLICY

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An official interest rate cut remains on the cards, but it won’t be enough to reignite a cooling housing market, experts say, according to Domain.com.

The Reserve Bank of Australia kept the cash rate on hold at 2 per cent on Tuesday for the tenth consecutive month.

While recent clearance rates in Sydney and Melbourne have been stronger than expected, first home buyers can breathe a sigh of relief knowing the boom conditions of last year is unlikely to be repeated.

Domain Group chief economist Andrew Wilson said the official interest rate may be cut in the near-term over concerns over “a lifeless economy” and if the consolidated national unemployment rate rose above 6 per cent.

A rate cut would make property more affordable, but banks could possibly offset it by pushing up rates independent of the

Reserve Bank or not passing on the cuts, he said.

“I think the real driver of refuelling strong housing market activity is past us; and that was those two cuts last year,” he said.

HSBC chief economist Paul Bloxham also believed the Reserve Bank was likely to deliver a further cut this year to stay on target with inflation, and to follow other countries with lower rates.

A rate cut would provide some support to the housing market, but it was not expected to revive a house price boom, he said.

LJ Hooker chief executive Grant Harrod agreed lower interest rates would not create

another property boom.

He believed there was still room for prices growth in the Sydney market, but it would be at lower levels compared with the past few years as the affordability ceiling was reached.

AMP Capital chief economist Shane Oliver, who believes there may be another cut mid-year, said the Reserve Bank and the Australian Prudential Regulation Authority may continue to use macro-prudential controls to slow the market down if it appeared lending for housing was accelerating again.

“The regulators would probably prefer to avoid a re-ignition of the housing bubble in Sydney and Melbourne – that’s the last thing they want to see in this environment,” he said.

Century 21 chairman Charles Tarbey said a rate cut would “impact incorrectly” on the real estate market by providing more stimulus it didn’t need.

INTEREST RATE CUT WON’T CAUSE ANOTHER AUSTRALIAN PROPERTY BOOM

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1. Housing area in Kuala Lumpur2. Sydney at night



GREATNESS OF CITIES FROM ITS STREETS

THE IMPORTANCE OF ‘GREEN STREETS’ TO TRANSFORM SOCIAL INTERACTIONS AND ITS SURROUNDINGS

HOT TOPIC

A great city inspires people. What makes a city great and how it dictates our quality of life is a very important question.


Urban designer and professor, Jan Gehl says:

“A great city is where we all feel not excluded. The quality of the sidewalks in the city is the most telling thing. Just like birds need to fly, fish need to swim and deer need to run, we need to walk.

”A great city is one that’s designed with its people and the communities surrounding it in mind. It reflects their lives, celebrates its culture and immortalises its history. It doesn’t matter how big or dense a city is, a great city should always strive to bring variety, order, mystery, orientation, rhythm and pattern. It marries life and beauty harmoniously.

As people, we spend most of their lives in two places - in our houses and at our workplace. However, urban sociologist, Ray Oldenburg believes that this is not enough. To have good quality of life, people must have a third place:

“Public places on neutral ground where people can gather and interact.”

All of the major cities that people think of as beautiful, such as Paris, San Francisco and London, have open spaces, public parks, seating areas, plazas lined with cafes and restaurants and balconies across alleys where people can chat to one another. These places are provided to encourage interaction and vibrancy. The outcome is that it makes people feel happier, more active, safer and connected.

How can we create more opportunities for people to interact in Kota Kinabalu? One good place to start might be on the street level. Philosopher Alain de Botton comments:

“There are streets that are dead and streets that are alive. In general, we crave the live ones.”

With this in mind, how can we improve the surrounding streets of Kota Kinabalu and create more public spaces for people to interact? One way is to designate some streets as ‘pedestrian-only streets’ or ‘green streets’, an initiative that has worked very well in many cities around the world - from Montreal to Madrid, Sydney to Seoul. Green streets have proven to be an urban renewal strategy that also creates a better living city.

Lively green streets are lined with cafes and restaurants with dining areas on the sidewalk. Others are filled with stores or pop-up exhibitions, street art and even performances. Green streets have nature pulsating right at the centre of them, with trees and plants providing shade and atmosphere.

A city’s culture should be more conspicuous on the streets. A city is liberated when its people are more important than cars.


T ransform Jalan Dewan, historically known as Australian Place to be a pedestrian street. This stretch is very special, as it has all the elements

that make it an excellent green street. The Atkinson Clock Tower and Padang Merdeka at one end and the route to Signal Hill on the other, added with other special features like the fig tree and all the new boutique cafes make this illustration of Jalan Dewan come alive. The width, the length and the current traffic are also clear components for it to change into a pedestrian street. Plus, the rich history behind it, make this stretch a perfect example of a ‘revived’ street in KK.

HOT TOPIC

Having a pedestrian-only street will jubilate people harmoniously. That is the main objective of creating a great city: a city that is fair to all its residents.

The Brazilian group of urban designers and economists, Urb-I has recorded countless examples from around the world where small interventions on the streets have made big differences and impacts to the city.

Green streets also make great economic sense. When world renowned design company, Snohetta transformed the 42nd and 47th street in Time Square, New York, they created an uninterrupted and cohesive surface and they reinforced the square’s iconic role as an outdoor stage for entertainment, culture and urban life. This resulted in 70% increased revenue for the businesses in Times Square.

The United Nations estimates that in 34 years, the

population of people living in cities will be more than double. This is incentivising cities around the world to attain the best possible quality now, so that there is no need for retrofitting later. To improve our quality of life in the city, we don’t have to cut thousands of trees or burn loads of carbon to build new districts. We should revitalise our city, by appreciating and redesigning the resources and infrastructures that we have already built.

Take a step back and take some time to look at it. Understand it. Feel its time and its journey. Because a beautifully designed city not only preserves its natural beauty, but also enhances the quality of life for its people and its communities.


Arkitrek is a sustainable design firm established in Kota Kinabalu in 2008. They have been involved in various luxury eco-tourism resorts as well as nature education spaces and community development. They are best known for their design collaboration at the Bornean Sun Bear Conservation Centre, Sandakan.

Editor’s note: Let’s imagine the possibilities that we could do with our city. With this article, we will continue an ongoing series with ‘Re-imagining Our City’. It will be a whimsical exploration of alternatives with regards to

approaching development and to capture a brief moment of chance.


By Charles Tan

www.kopiandproperty.com


There can be thousands of laws telling developers how to operate but if no enforcement is carried out, this will come to a nought. This may have only happened in Melaka, but it should happen in every city in Malaysia. Profit oriented is fine but never at the expense of the bigger picture, or especially the environment. Long time ago, developers may claim that they are clueless, but today, it is best to be aware that the enforcement officers may be nearby and may find and fine you anytime.

In Melaka recently, a property development company is facing a fine of RM966,000 for cutting down 19 trees of more than 30 years in Melaka Raya. It did not just end with the fine, according to Melaka Historical City Council (MBMB) secretary Mohd Derus Che Mat; the company was also ordered to replant the trees within two weeks. In fact, the developer has already hired contractors to replant them.

He said, “The state government is serious about this because Melaka is a green technology city.” For 2015, a total of RM7 million has been allocated for maintaining and planting of trees.

I love Melaka and I go there quite often. However, I still think Melaka city can plant more trees. Many of the popular spots are very hot due to little cover from trees and even if cars are prohibited, not many would want to walk along these roads. Planting more trees is important and therefore, any ‘clever’ developer seeking short cuts must be fined so that these felling of trees do not increase indiscriminately. The public can play the role of whistle-blower and Melaka can truly be a GREEN city in the future. Perhaps Melaka can become a FINE city?

I agree that salary increase is slower than property price increase in Malaysia. However, it’s the same for any other country. Why? Well, the majority of people would get an increment of between 5 to 8 percent. This is above the official inflation rate. This increase in pay is based on our current pay. In other words, if we are earning RM5,000, then based on a 5 percent increment, means that we have an extra RM250 per month. Minus the inflation of, say 2 percent, then the 5 percent becomes only 3 percent or only RM150 per month. On a yearly basis, Rm150 x 12 = RM1,800.

Let’s assume that we save every cent of our increment, based on the RM1,800. A typical apartment, one car park in a secondary area within Selangor would be around RM300,000 or lower. STOP looking only at places where everyone wants to buy. A walk-up apartment is always cheaper. Assuming the property price increase is only 3 percent, as per inflation, this would already be RM9,000. Hmm…RM1,800 versus RM9,000. Does this mean that you would not be able to afford to buy property then? Not really. We do not normally pay for a property over a period of 1 year but it may be over a period of 30 years. Once we stretch that RM9,000 increase in property price over 30 years, it becomes bearable, for at least a few years until this property price increase starts to race ahead while your increment remains small.

As soon as we start delaying our decision to buy and instead spend the increments on other unnecessary things, the term ‘unaffordable’ creeps in. It must be said however, that

over-stretching just to buy something we think fits our current ‘standard’ does not make sense either. Besides, the loan application is likely to be rejected today. Buying a home, good enough for us to live in so that we do not pay rent with a total loss means that we can then hedge against inflation as well as the continuous property price increase. Once we do that, we can then focus on our career, earn a little bit more and upgrade to a better home a few years down the road. Of course, we can take up a second job, but we must exercise not earn more to spend more. As we get older and wiser, we realise that the value of money is getting smaller. Yes, there’s also the argument on the descending value of the Ringgit. In 1998, I think the Ringgit dropped to as low as RM4.80 to US$1. Fast forward 18 years later, Ringgit is at RM4.10 to US$1. The point is not whether our currency loses its value over time. The really important question is if we believe that the value of money is getting smaller all the time, what are we doing about it? What have we done and what will we do? The answer may involve some concrete steps.

Stay Serious. It Will ‘Green’ Malacca And All Other Cities

Why Our Salaries Don’t Raise As Fast As Property Prices


Malacca River. Photo from Wikipedia.org


NEWS

The parking coupon system will be implemented in Sandakan to replace the present parking charge system starting May this year, according to Sandakan Municipal Council (SMC) as reported by The Borneo Post.

The change is necessary because the system has been adopted by nearly 50 local authorities across the country, including Kota Kinabalu and Tawau.

Besides being easy to implement, the parking coupon system will make enforcement work more efficient.

Apart from the parking coupon, SMC will also make available a Daily Pass and Monthly Pass as an alternative to those users who park their

vehicle for a long period as the rates for these two passes are cheaper and user-friendly.

Meanwhile, SMC will begin charging parking fee at several satellite towns here to prevent parking lots from being monopolised by users and to have a more organized and systematic parking lots control system.

In addition, charging a parking fee will also enable SMC to carry out maintenance work from time to time and to facilitate enforcement work.

SMV will also restructure the existing parking charges at the main town centre to streamline with that charged in satellite towns. This restructuring will make it more practical and

easier to be understood by the public.

The implementation of parking charges in satellite towns will be carried out in stages, and for the first phase, it will involve Bandar Sibuga Jaya, Pekan Batu 8, Bandar Prima, Bandar Indah, Bandar Utama, Bandar Kim Fung/Liberty Parade, Bandar Pasar Raya, Bandar Labuk Jaya, Bandar Megah Jaya dan Bandar Tyng.

PARKING COUPON SYSTEM TO BE IMPLEMENTED IN SANDAKAN THIS MAY

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The Forest City development here is accorded a duty-free status to spur business activities and tourism on its four islands, Datuk Seri Najib Tun Razak said as reported by Bernama.

Najib announced the statements during the official launch of the development in Johor Bahru on March 6 in presence of The Sultan Johor Sultan Ibrahim Almarhum Sultan Iskandar. It is one of the four incentive packages planned for The Forest City.

Three other packages were corporate tax incentive for green developers and green development managers; corporate tax incentive for qualified service sector employers, or Iskandar Development Region (IDR) Class companies in tourism, health and education sectors; and no restriction/ equity conditions for foreign shareholders in

companies that are eligible for the corporate tax incentives introduced.

“These packages are designed to ensure the success of the Forest City project based its masterplan and target of becoming a smart and green city,” Najib, who is also on his working visit to Johor, said.

The prime minister said the Forest City project was one of large-scale development projects, which used the concept of environmental and sustainable development approach.

Hence, the importance and abundance of the environment for the local community and people of Johor will be given priority as it transforms into an environmentally-friendly and smart city of the 21st century, he said.

The prime minister said that sustainable development like the Forest City project would be future development.

“We need to prove that we are serious in developing the country according to our own development model and mould,” he said.

In order to reciprocate the people’s support for the government, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi yesterday (February 28) announced infrastructure projects totalling RM28.5 million for Lawas District, as reported by The Borneo Post.

Of the amount, RM23.6 million is for the Mengkalap-Sinampuang road project that

will start in April this year and complete in October 2018, RM2.2 million for the Kuala Lawas-Merapok pipe project, RM1.73 million for PBR Lawas project and repairs, and RM1 million for a jetty linking PBR (housing assistance programme) houses in Awat Awat.

Zahid made the announcement at the opening ceremony of the RM19 million SK Sundar.

Zahid, who is also Home Minister, said the government was repaying the people’s trust in the BN government and called for continued support for more development.

“I am not pledging this, but I am looking forward to a strong

mandate for Datuk Amar Awang Tengah (Ali Hasan in Bukit Sari) and hope we can win back Ba Kelalan (in the coming state election) so that more can be done.”

Zahid told those present that he had a soft spot for villagers and believed in their capabilities to transform from peasants and fishermen to successful professionals and leaders in the country.

JOHOR’S FOREST CITY ACCORDED DUTY-FREE STATUS - NAJIB

RM28.5 MILLION PROJECTS FOR LAWAS DISTRICT

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1. Sandakan Town2. Datuk Seri Najib Tun Razak3. Datuk Seri Dr Ahmad Zahid Hamidi



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Documents

Issue 77 - April 2016