DONGGONGON AVENUE A New Phase of A-class Exclusive Offices

T1 @ BUNDUSANTransforming The City’s Architecture

• Residential Projects Nearing Completion in Kota Kinabalu • Public Outcry at Even More Reclamation Planned for Tg Aru in KK Draft Plan 2020 • Insights: Sabah’s Property Market Report 2013 by the Ministry of Finance Malaysia • How Sustainable is Iskandar Malaysia?

/// PROPERTY LAUNCH

JUNE2014 ISSUE 55RM8.90

/// COVER STORY The Booming of GreaterKota Kinabalu/// HOT TOPIC

TM

| Cover Story06 07/// Contents www.PropertyHunter.com.my

Property Hunter is published by:Maxx Media (S) Sdn Bhd (1043783-T)Lot 4, 2nd Floor, Block A, Heritage Plaza,Jalan Lintas, 88300 Kota Kinabalu, Sabah, Malaysia

Office Hours: 9:00am – 6:00pm (Monday – Friday)E: info@maxxmedia.com.my T: +6088 719 787 F: +6088 728 387

EDITORIALManaging EditorMichael Hiew

WriterPamela Fletcher

Creative & Design Stephenson FooHastillah Bt Argadan

Finance & OperationElson Kho

Circulation & SubscriptionVictor YongSam Lee

AdministrationJanet Fabian

Photography ContributorsAll 4 One ProductionsLouis Pang StudioRustam Razali aka Ankol Tom

Contributing WritersAhyat IshakChris TanDr. Daniele GamberoEnoch KhooIshmael HoMichael YeohRichard Oon

Advertising EnquiriesJeff Liaw (Senior Sales Executive, Media)T: +6013 852 2898E: jeff@maxxmedia.com.my

Raymond Lee (Sales Executive, Media)T: +6013 865 6898E: raymond@maxxmedia.com.my

Media Representative (Peninsular Malaysia)Enoch Khoo ENK Ventures Sdn Bhd (1023549-X)T: +603 7490 5707E: enoch.khoo@ek.com.my

Editorial Enquiriesinfo@maxxmedia.com.my

Printing Percetakan Kolombong Ria Sdn Bhd

LogisticABX Express (M) Sdn Bhd48 Jalan Gaya, 88000 Kota Kinabalu,SabahTel: 088-224 000 Fax: 088-234 929

DistributorsAPACE Despatch SolutionLot 1, 2nd & 3rd Floor, Block A, Damai Plaza Phase 3, Luyang, 88300 Kota Kinabalu, Sabah.Office Main Line: 016 8338079Tel/Fax: 088 270288

PANSING Marketing Sdn Bhd

Disclaimer, Permission & ReprintsThis publication is not an investment advice. It is intended only to inform and illustrate.

No reader should act on the basis of any matter contained in this publication without first seeking appropriate professional advice that takes into account their own particular circumstances.

The publisher and editors give no representations and make no warranties, express, or implied, with responsibility of any of the material (including statistics, maps, articles, loan product tables, advertisements and advertising features) contained in this publication. The publisher and editors expressedly disclaim all responsibility for any errors in or omissions from the information contained in this publication, including all liability for any loss or damage suffered or incurred by any person as a result of or arising out of that person placing any reliance, weather whole or partial, upon the whole or any part of the contains of this publication. No correspondents will be entered into a relation to this publication by the publishers, editors or authors.

The publishers do not endorse any company, organisation, person, investment strategy or technique mentioned in this publication unless expressly stated otherwise. The publishers do not endorse any advertisements or any special advertising features in this publication, nor does the publisher endorse any advertiser(s) or their products / services unless expressly stated to the contrary.

Articles are published in the reliance upon the representations and warranties of the authors of the articles and without our knowledge of any infringement of any third party’s copyright. The publishers and editors do not authorise, sanction, approve or countenance any copyright infringement.

This publication is protected under the Law of Malaysia Act 332 Copyrights Act 1987 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express written permission of the publisher. Copyrights 2013 Maxx Media Sdn Bhd. All rights reserved.

www.propertyhunter.com.my

Available monthly at leading bookstores and newsstands E-Magazine Now Available on

PropertyHunterPropertyHunterMalaysia Propertyhunt3r

www.PropertyHunter.com.my

What’s inside...

04

08 44DONGGONGON AVENUEA New Phase of A-class Exclusive OfficesIt was a spectacular event last Friday 25th April 2014 at the launching of Donggongon Avenue by ...

How Sustainable is Iskandar Malaysia?Johor is predicted to be the richest state in the country supported by investments brought upon via Iskandar Malaysia by 2025.

T1 @ BUNDUSANTransforming The City’s ArchitectureEstablished in the 1980s, the Tan Brothers Machinery Company (TBMC) is a popular car dealership in Kota Kinabalu and Sarawak. After growing the business for 30 years, the management decided to take a leap of faith and venture into property development. Thus, TBMC Development was born! ...

04

08

10

22

24

26

28

30

32

40

44

48

50

56

70

Cover StoryT1 @ BUNDUSANTransforming The City’s Architecture

Feature Property LaunchDONGGONGON AVENUEA New Phase of A-class Exclusive Offices

Feature Property EventSHAREDA Property Hunter Expo Tawau Edition 2014

Exclusive InterviewBringing Your Favourite IKEA Furniture To You

Hot TopicPublic Outcry at Even More Reclamation Planned for Tg Aru in KK Draft Plan 2020

Hot TopicInsights: Sabah’s Property MarketReport 2013 by the Ministry of Finance Malaysia

Hot TopicThe Booming of Greater Kota Kinabalu

Special FeatureDevelopment MilestonesResidential Projects Nearing Completion in Kota Kinabalu

Feature Property EventManhattan Loft Malacca, Old World Charm with Modern Amenities

Contributor: Dr Daniele GamberoThe Rise of the High-Rise

Hot TopicHow Sustainable is Iskandar Malaysia?

Contributor: Chris TanTrending Up Legally in View of The Property Boom in Malaysia (Part 2)

Contributor: Chris TanLining Up for Real Estate 2014 Legally

Contributor: Michael YeohKlibor Pegged Home Loan Is This The Right Loan Package For You?

Property Listing

Hot TopicWhy Property Transactions Fell by 50 Percent?

Hot Topic The Upcoming Southern Corridor of Kota Kinabalu

Hot Topic Through the Eyes of an Architect

Sneak Peek of July Issue

How the Public Views Kota Kinabalu’s Local Plan 2020

QR Code Scan Here

/// COVER STORY

T1 @ BUNDUSANTransforming The City’s Architecture

/// Cover Story

4 www.PropertyHunter.com.my www.PropertyHunter.com.my 5

Established in the 1980s, the Tan Brothers Machinery Company (TBMC) is a popular car dealership in Sabah and Sarawak.

After growing the business for 30 years, the management decided to take a leap of faith and venture into property development. Thus, TBMC Development was born!

T1 @ Bundusan will be the first project launched by TBMC Development and an exciting future lies ahead for this novel property developer. Award-winning Sabahan architect Mak Thur Pei who received the inaugural Tan Sri Chan Sau Lai Architecture Award by the Malaysian Institute of Architects (PAM) is behind the fresh and innovative design.

The first of its kind in Kota Kinabalu, T1 @ Bundusan is set to transform building typologies in Sabah. It is located along Jalan Bundusan, a bustling thoroughfare surrounded by existing commercial and residential developments. The state-of-the-art structure will have a vibrant character, and will be a celebrated landmark in the neighborhood.

T1 @ Bundusan aims to provide a multi-faceted, round-the-clock amenity that will revitalize the surrounding vicinity. The medium scale commercial building comprised of multiple clusters of building. A signature typology of the architect, the commercial block in front is composed of three blocks of five-storey clusters with multiple units designed to accommodate offices and retail outlets.

These clusters are interconnected at all floors to all the facilities for convenient circulation and movement. The topmost level houses the F&B outlets and is linked directly to the other commercial block via an ultra modern overpass that will light up brilliantly at night.

The uppermost floor entitled the Sky Terrace features a dramatic cantilever supported by a unique structural system. This bold overhang is the key architectural statement that signifies the distinguishing appeal of the development.

6 www.PropertyHunter.com.my www.PropertyHunter.com.my 7

Prestigious pocket plaza Signature dual volume Sky F&B terrace Perfect picture of T1@Bundusan under shimmering city light

The modern and iconic architecture masterpiece

/// Cover Story

In addition to providing an extra floor to cater to the popular alfresco dining culture in Sabah, it also sets itself apart from all other levels, creating a spectacular visual impact. This is essentially the methodology of framing the prestigious element, with the cantilever protruding and brought to light in the same way as a precious gemstone on a ring. All the F&B outlets being located on the highest floor will benefit customers as they can enjoy their meals comfortably without worrying about the pollution from the road. The storefront of each shop will also come with an outdoor

terrace. This double volume will offer a magnificent visual scope, allowing visitors to appreciate the surrounding streetscapes from an unusual perspective, thus creating a delightful dining experience. It also promotes natural ventilation through the entire level, eliminating the need for a mechanical system and lowering operation costs.

The massive span of the cantilever – which projects more than 6m out at its farthest – calls for an unprecedented structural system that incorporates specially designed floor-to-ceiling height trusses to suspend the floor slab and support the huge canopy roof overhead. The trusses are deliberately exposed and partially clad with sleek perforated screens that perform as an aesthetically beautiful sun-shading device which is also essential for reducing wind pressure at high levels. The complex truss system with its strategic cladding is intended to be a contemporary reinterpretation of the classic archway. An alley-like pathway is achieved along the dining outlets through the unclad parts of the trusses, providing an impressive

direct visual connection from one end of the building to another.

A bonus associated with the large cantilever is its function as a roof overhang that shelters the clusters below from the harsh tropical sun. With its intersecting volumes and intuitive placement of skylights on the canopy roof, the clusters are subjected to a play of lights and shadows, creating a unique effect at every interior space.

Majority of this development will be constructed out of the modernist combination of concrete, steel and glass, but with an attempt to bring in a sense of warmth and familiarity through the choice of a

faux timber cladding for the exterior of the clusters as well as the interior fit-outs. It stands to remind the community about the significance of timber and its extensive use as a primary construction material in Sabah before modernization came along.

This landmark project is expected to be completed by year 2017.

For more information on TBMC Development or T1 @ Bundusan Email : tbmc.development@gmail.com Call : +6088-386 979 Fax : +6088-386 978

The first of its kind in Kota Kinabalu, T1 @ Bundusan is set to transform building typologies in Sabah.

8 www.PropertyHunter.com.my www.PropertyHunter.com.my 9

/// Feature Property Launch

/// FEATURE PROPERTY LAUNCH

DONGGONGON AVENUE A New Phase of A-class Exclusive Offices

It was a spectacular event last Friday 25th April 2014 at the launching of Donggongon Avenue by Homesign Network Sdn Bhd (HS), the Shangri-la’s Tanjung

Aru Resort. Mr. William Sampil the district officer of Penampang was the guest of honour among the distinguished guests who graced the event.

Donggongon Avenue is an exclusive development by HS. In particular, it is situated in one of Penampang’s fastest growing areas. The whole development spans across approximately 3.04 acres which is the first and only of its kind in Penampang. Donggongon Avenue is a product beyond expectation which consist of 18 units of 6-story semi-detached A-class boutique offices which have a built-up of approximately 9,620 square feet.

The exclusive development is an iconic landmark with one of its kind identity which is set to change the skyline of Penampang. The project is expected to be completed by the end of 2016.

Donggongon Avenue is highly suitable as a business hub especially for R & D companies, oil and gas, agriculture, service and call centres due to its proximity to the city centre. It has a large population catchment area, and it’s just a 15 minute drive to Kota Kinabalu. As there are also numerous businesses in the area with many existing as

well as upcoming residential developments not just in Donggongon but also in the nearby vicinity all of which are within short driving distance of Penampang making this property every business owners dream and a must have on the list.

Among its features includes a signature façade with spacious interior, private lift, 24-hour gated and guarded security, and a private rooftop which is one of its kind in Sabah. With only 18 units, these structures speak of exclusivity like no other. Being physically segregated from one another, these building’s capability to exude its own identity and prestige is none but enhanced.

During the launching ceremony, 80% of its units were successfully sold. Due to its low density and high market demand for such commercial property which is likely to be seen in Kota Kinabalu, the value of this property is expected to increase.

HS is expected to generate approximately RM100 million in sales from this development. The 80% take up rate is an indication that the property market in Sabah still remains bullish. After the launching, the price will be increased by another 10%. In view of this overwhelming response, HS foresees an appreciation of not less than 30% when it is completed.

HS would like to extend their appreciation and gratitude to Mr. William Sampil the District Office of Penampang for officiating the event and making it a successful and memorable one.

During the launching ceremony, 80% of its units have been successfully sold.

10 www.PropertyHunter.com.my www.PropertyHunter.com.my 11

/// Feature Property Event

/// FEATURE PROPERTY EVENT

SHAREDA Property Hunter Expo Tawau Edition 2014

VIP Guest cutting the ribbon to mark the official opening of SHAREDA PH Expo 2014 Tawau edition

Sabah Youth and Sports Minister, YB Datuk Haji Tawfiq Titingan making a helpful donation together with Chua Soon Ping of Remajay Sdn Bhd and John Tan of Hap Seng Properties Development Sdn Bhd