southern property - 27 february 2016

7/24/2019 Southern Property - 27 February 2016

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THE STAR, SATURDAY 27 FEBRUARY 2016

special

SOUTHERN PROPERTY

Market primedfor returns



southern propertyTHE STAR,

SATURDAY 27 FEBRUARY 2016

Extraordinaryurban livinga league of its own, Tamanmpas Utama is one of Johoru’s dynamic addresses that hasined the way we live, work, play

d invest in Iskandar Malaysia.

At the pulse of urban living andiness in Iskandar, this bustling

wnship is a successfulvelopment by Wealthy Growthn Bhd, a subsidiary of IOIperties Group Bhd – a property

werhouse with a reputation ase of the largest propertyvelopers in Malaysia.ited within the Kempas-Tebrauwth corridor, the townshiptures a comprehensive mix ofstyle properties that boastsments of space, luxury andrk-life-play integration and setsew benchmark for metropolitanng in the city.eaturing luxurious residencesging from serviced apartments

double-storey terraced houses,uble-storey cluster residencesd double-storey twin villa unitst come complete with an upperc, every aspect of this serenectuary radiates exclusivity, class

d sophistication for modern and

convenient living.Spanning approximately 300

acres (121.4ha) of freehold land,space abounds in the integrateddevelopment that comes with

comprehensive amenities andboasts easy accessibility.

Oleander – exclusivecluster residences

Like its namesake, Oleanderpresents beautiful living indoorsand outdoors surrounded by lushgreenery, privacy and serenity in agated and guarded community.

What is extraordinary about theOleander two-storey clusterresidences are the low-densitydevelopment and extra-spaciouslink homes where every unit isthoughtfully designed as a cornerunit.

Breaking away from the

traditional terraced environment,this luxurious garden cluster homewith no back lanes providesresidents with peaceful living, onewithout backyard littering, fear ofintrusion of privacy or unsightlybackyard emissions.

Families can enjoy their ownprivate garden for outdoor playand relaxation.

With a built-up area of 2,628sq ft(244.1sq m) for Type A, the cluster

residence is elegantly designedwith thoughtful layouts, qualityfinishes, well-planned bedroomsand a master bedroom that opensto a private balcony, invitingnature in.

For Type B, the two-storeycluster residence with sub-basement and a built-up area of3,111sq ft (289sq m) is ingeniouslydesigned.

The sub-basement offers extraspace that is ideal as a storageroom, library, playroom, privatestudy or extra living room.

Besides being exclusive,Oleander brings a world ofconvenience and comfort toresidents with its unique features.

There are shower screens for allbathrooms (except the spareroom), fully tiled car porch anddriveway and two years’complimentary HSBB 5Mbpssubscription (terms and conditionsapply).

One-of-a-kind gardenIn addition to your own private

garden, residents also enjoy thedelights of a mini park builtexclusively for Oleander’s

residents.It is the perfect place for

families to enjoy leisurelypursuits surrounded by the sights,sounds and scents of nature next tohome.

For leisure and recreation,simply head over to the expansive3.8-acre (1.5ha) town parkequipped with a basketball court, jogging track, playground, wideopen spaces and picnic areas formore outdoor adventures.

This town park is a dedicatedgreen lung of Taman KempasUtama developed for theenjoyment of all residents.

New privatisedway of life

Give your loved ones a true safehaven to call home. Oleanderresidences are protected within agated guarded community withtwo-tier security, 24-hour security

patrolling, card access, auto-gatesystem with stainless steel gate andalarm system to complement thepeace and tranquility offered bynature in its surroundings.

Accessibility that counts

Residents enjoy superbaccessibility with Oleadner’s primelocation close to major highwaysand key destinations.

Taman Kempas Utama has easyaccessibility to the North-SouthExpressway, Pasir GudangHighway and Eastern DispersalLink (EDL), which reduces traveltime to Johor Baru city centre andthe Customs, Immigration andQuarantine complex.

It is located next to KDN(Kementerian Dalam Negeri) andopposite Starhill Golf & CountryResort.

Taman Kempas Utama is alsoclose to shopping centres Giant,Plaza Angsana, Aeon Mall, Tesco,Woodlands Checkpoint, JohorPremium Outlets, educationinsitutions Fairview InternationalSchool, Southern University Collegeand hosptial Kempas MedicalCentre.

Everything close to heart is closeto home with a wealth of everydayconveniences such as groceryshopping, education, banking,medical services, food heavens andfoot spas available just beyondyour doorstep.

Everything you imagined lifewould be is here at Oleander, thelatest collection of exclusive

double-storey cluster residences inTaman Kempas Utama.If you have been dreaming of a

spacious home that is competitivelypriced, Oleander offers luxuriousliving and extraordinary featuresthat today’s homeowners arelooking for.

n For more information,visit www.ioijohor.com orcall 07-559 0101.urious and modern interiors give Oleander residences a sophisticated feel, while unique features offer residents comfort and convenience.



3THE STAR, SATURDAY 27 FEBRUARY 2016



southern propertyTHE STAR, SATURDAY 27 FEBRUARY 2016

Residents can rest assured knowing that security is top-notch.Besides offering a host of amenities, d’Pristine @ Medin features luxuriousand comfortable living spaces.

An artist’s impression ofd’Pristine @ Medini, anintegrated mixedcommercial developmentoffering office towers, a malland four-star hotel.

New face of exible,

convenient modernity

THIN Iskandar Puteri (formerlyown as Nusajaya), flagship B ofandar Malaysia, lies the 2,200-e (890.31ha) Medini Iskandarlaysia.

Envisioned to be the futureiness district of this upcoming

f-sufficient southern project,dini will be where business,ertainment and exclusiveure needs are met within anencompassing development.

One of the projects contributinghe rise of this area is d’Pristine

Medini – an integrated mixedmmercial development featuringo small office flexible occupancyFo) towers, a three-storeyerconnected lifestyle mall, astorey Grade A office tower andour-star hotel.D Pristine Medini Sdn Bhd (aolly owned subsidiary of B&G

pital Resources Berhad) is

ponsible for this development,ich was introduced to cater togrowing property needs in

andar Malaysia.t is set to be fully completed in8, spanning 8.42 acres (3.4ha)h a gross development value of1.8bil.

-in-one oering

The fact that it is one of the fewegrated mixed developments inarea makes d’Pristine anactive prospect for many,” saysG Property executive directoruk Soo Kai Chee.The community will consist of

ople from all walks of life – the

rking crowd, shoppers, holidaykers and, of course, theidents. This makes d’Pristine atre for activity, be it working,pping or playing.”

This is why the company targetside-ranging crowd as potentialtors, buyers and investors –al residents, leisure or medicalrists as well as expatriates,fessionals and business

vellers can all find their desiredrking or living spaces withinristine.t sits on a prime lot of landrounded by a mix of

velopments, including healthilities such as Afiniti (a jointan resort wellness hub venture

Khazanah and Temasek) andneagles Hospital.ust across from d’Pristine @dini is the Legoland Malaysiaeme Park & Hotel, and not tooaway are other attractions such

Pinewood Iskandar Malaysiadios, Kota Iskandar, Puterirbour and Mall of Medini.Education hub EduCity, whichome to several esteemed

ernational educationaltitutions, is also withinximity.

ore than meetse eye

The SoFo towers consist of one,

o, three and 3+1 bedroom unitsering 644sq ft (58.8sq m), 771sq71.6sq m), 1,308sq ft (121.5sq m)d 1,314sq ft (122.1sq m)pectively.

There are also dual-key unitsere residents will have theion to rent out separately.oo reports that the project is

ming along quite well – 80% ofSoFo units have been sold andcompany is looking to sell the

remaining 1,200 units within thenext year.

“We have recently entered into asale & purchase agreement withPelaburan Hartanah Berhad (PHB)where we sold the Grade A officetower to the government agency.

“We are also in the final stages ofdiscussion with an internationalbrand hotel chain to operate ourhotel component and are in talkswith a renowned propertymanagement team company tomanage d’Pristine. I believe thesegreat updates will boost investors’confidence in the project,” saysSoo.

d’Pristine’s location within thebooming Medini has its perkswhen it comes to incentives ininvesting or doing business.

Business owners will enjoy 10years of income tax exemption or100% Investment Tax Allowancefor five years, certain import dutyand sales tax exemptions,unrestricted employment forforeign knowledge workers andexemptions from Real PropertyGains Tax on disposal of land andbuilding.

Besides special corporate taxincentives for those setting upoffice in the Grade A office tower,the absence of a minimum pricethreshold for foreigners wishing topurchase property in the area alsoopens up the market to moreinterested parties.

Excellent standards,connectivity

d’Pristine @ Medini is builtwith seamless sustainability inmind. The Grade A office towercomplies with the standards set bythe Green Building Index,

incorporating features such as arain water harvesting system,energy-saving fittings andequipment, and an open-aircorridor design to optimise freshair flow and minimise energyconsumption on air-conditioningand lighting.

Security is a top priority, whichis why there will be a multi-tieredsystem with round-the-clocksurveillance and patrol.

A host of amenities, including achildcare centre, patio for al fresco

leisure activities, meeting roomscum auditoriums, conciergeservices as well as valet parking,complements the modern lifestyleconcept at d’Pristine.

Residents and visitors will alsobe well-connected to surroundingareas. d’Pristine is only a20-minute drive from the TuasSecond Link to Singapore as wellas Johor Baru via the CoastalHighway.

It is linked to Kuala Lumpurvia the North South Highwayand is a mere 25-minute drivefrom the Senai InternationalAirport.

International appeal

Soo acknowledges that thesouthern property market isaffected by the general economyand negative sentiments, but isconfident that there are certainzones in Iskandar with strongfundamentals still holding a lot ofpotential.

“d’Pristine, particularly, hasbeen well received in theinternational market since we

launched and continues to gaininterest within the regionespecially in countries such asTaiwan, Singapore and Indonesia.

“Foreign purchasers understandthe potential of investing inMedini,” he says, explaining that itis common for potential investorsto make a trip to look aroundbefore making a purchase – andthey are often impressed.

As Selangor-based developers,B&G will continue to focus onKlang Valley projects such as acondominium in Kingsley Hills,Putra Heights this year. It is alsoworking on upcoming projects in

Selayang and Bangi.“As for d’Pristine, we will retain

our focus on the overseas marketand I believe the project will stillappeal to international buyers,”says Soo.

After all, the developers holdtheir project to the same highstandards as the international-standard metropolis that is Medini.

n For more information, call03-5033 0303 or 07-509 0967 orvisit www.dpristinemedini.com.





Specifications

• 3-storey shop offices• Freehold• 22ft x 75ft (6.7m x 22.9m)• Column-free 7ft-wide(2.1m) ground floor

walkway• Full glass frontage on thefirst and second floors

• Natural lighting andventilation

• Modern design• Direct frontage to themain road (JalanPersiaran Perdana)

• Price from RM1,461,646• Terms and conditions apply

artist’s impression of Neuvo Centro, which meets the highest qualityndards.

Neuvo Centro will consist of a mixed trade of businesses, including banksand eateries.

An artist’s impression of Neuvo Centro, UDA Land South’s latest three-storey shop office development.

Special promotion

In conjunction with thehanding over of NeuvoCentro, UDA Land South isoffering buyers and investorsone of the most compactsales packages, with an easyownership sales process.

This includes:• A deposit of RM3,000• Legal fees on sales andpurchase agreement andmemorandum of transferborne by developer (panellawyers only)• Legal and stamp fees onloan document borne bydeveloper• GST absorbed by developer• Six months flexi loandifferential payment

This easy ownershippackage promotion will endon March 31.

High demand forcommercial development

UVO Centro, UDA Land South’smmercial development in theture township of Bandar UDAma in Johor, is set for success.

The commercial development’sategic location within a highpulation catchment area andtured township, along with itsect accessibility from Tamanling, Taman Nusa Bestari,

man Tan Sri Yacob and Tamanera Utama, are contributingtors to its uptake.

According to group managingector of UDA Holdings Berhaduk Ahmad Abu Bakar, Neuvo

ntro’s accessibility and localitykey factors that will drawestors to the three-storey shopce development.Locality and accessibility have

ways been our priorities indevelopment strategies.

Further, we always ensure our

velopments meet the highestality standards and keep to ourd track record of developingcessful projects.Our product developmentategy ensures that our productign is always incorporatingtomers’ preference anddback,” he adds.

eeting challenges

With Neuvo Centro, UDA Landuth is targeting a mixed trade of

iness such as banking, clinics,és, mini marts, tuition centres,dware businesses, restaurants

d other community businessestove the adjacent densely

pulated neighborhoods.This diverse range of businessesl certainly create a dynamic

mmercial area with atainable demand.UDA Land South constantlyves to meet customer’s needs

d wants.We always carry out marketveys before starting work on a

velopment and even during ander so that we are aware oftomer demands.This is how we stand out in therket and ensure that we are achoice among investors,”s Ahmad.or UDA Land South, the main

vantage its developments bring

nvestors is in terms of locationt offers great accessibility and

nvenience.

The developments are plannedso they are surrounded byamenities and extensive roadnetworks.

This strategy, along with thefact that UDA Land South’s

development concepts in Johor aremass mixed developments, hasmade the developer’s projects

highly sought after by investors.“With aggressive marketing andthe best sales package in town,Neuvo Centro has been selling welland there are only limited units leftnow,” says Ahmad.

Looking to the future

UDA Land South has successfullymet its 2015 targets and is gearedup for this year.

Coming up are more commercialand residential projects in Tampoiand Bandar UDA Utama.

These projects, including thetwo-storey terraced housedevelopment Plumeria and31-storey serviced apartmentMadeira Riverside, are openfor registration.

n For more information,visit www.uda.com.my.





THERESA BELLE

KANDAR Malaysia’s location isnsidered by many developers asrimary driver of its potentialcess.

Being three times the size ofgapore, it has been reaping the

its of the neighbouring country’sestment not just in property, but

ucation, healthcare andnufacturing.

This strategic position makesandar Malaysia (IM) the logicaloice to support Singaporeansinesses in the midst of itseign labour crunch as well asng rental and overall businessts.n comparison, the prospects inare appealing to Singaporean

mpanies who move theirerations to Johor in hopes ofwing it at lower maintenance

d labour costs.As a result, the industrialoperty sector has seen an influx

big names setting up business inw industrial and business hubshin IM.

On top of that, a recenteement between the prime

nisters of the two countries toract more Singaporeannufacturing companies to investM is expected to further boost

nfidence in the industrialoperty market.With the governments workingupport each other, Singaporeansence in IM is set to be a crucial

mponent of its growth evenyond the property sector.Chinese developers have abstantial presence in IM’soperty sector too, with projects

h as integrated developmentsuntry Garden Danga Bay andncess Cove as well as high-riseidence Paradiso Nuova.

Last September, an Iskandargional Development AuthorityDA) statement noted that foreignestment into IM accounted for

% or RM75.56bil of a total of27.22bil in investments fromtime it was launched in 2006.

Along with Singapore and China,

the United States, Spain and Japanmake up the top five foreigninvestors in IM.

Long-term,multifaceted plan

Developers remain confident in

IM because of the developmentprospects it offers as a residential,commercial and industrial hubthat integrates several modernneeds in one easy-to-accesslocation – not only locally, but alsoregionally.

Of course, they are also positivethat their property offerings arepieces that will steadily completethe puzzle that is IM in the nearfuture.

“The local property offers someof the best in real estate in andaround the region – competitiverates, attractive prices and salesincentives, as well as avant-gardearchitecture and design,” saysDatuk Ahmad Abu Bakar, group

managing director of UDA LandHoldings Berhad.

Developers see the long-termpositive aspects of tapping intothis mammoth development.

Ahmad says, “Business andeducation hubs create more jobopportunities and demand forbasic necessities, which spill overto property”.

UDA Land, along with manyother property developers in IM, isconfident of the outlook for growthwithin Asia and the Pacific, closelyfollowing and supporting Johor’s journey towards becoming aninternational state by 2020.

In line with this goal, theGovernment has been supportive

in attracting foreign investmentsinto IM by facilitating itsdevelopment – for one, it hasinvested heavily to enhance safety,connectivity and facilitiesthroughout the southerndevelopment corridor throughIRDA.

The 2013 study Foreign Direct Investment Affluences in Iskandar Malaysia by Universiti Tun HusseinOnn academics points out that the

Government has also taken steps toease the visa and immigrationprocesses, explore transportationlinkages, share expertise inenvironmental preservation as wellas enhance industrial cooperationto strengthen the relationship withinvestors.

At the regional stage, the recentimplementation of the AseanEconomic Community is set to playa role in IM’s growth too.

Steve Melhuish, chief executiveofficer and co-founder of real estateportal PropertyGuru, said thatincreasing cross-border movementsand foreign investment in the next10 to 15 years will create moredemand for properties.

Weighing the positives

Despite the cloud of hesitanceand speculation that has beenhanging over the southern propertymarket for most of last year and thesliding ringgit, IRDA reports

indicate IM is on track to achievingits developmental goals with aconstant stream of support fromregional investors.

In fact, experts such as consultantand IM ambassador Khalil Adisbelieve that investing in the currentmarket would be a smart movefundamentally.

Ryan Khoo of real estateconsultancy Alpha Marketingconcurs on the potential of IM fromthe perspective of a developer,telling PropertyGuru thatprospective Singaporeanhomebuyers looking to retire orrent out find cheaper propertiesmore attractive.

Considering the history of foreign

investments, recent developmentsand future plans, regional supportshould continue to drive IMforward in its bid to become thelargest economic zone in SoutheastAsia.

As investments pour in, expertscontinue to keep a close eyeon the property market especiallywith early predictions of a slowyear ahead for Malaysian realestate.

Budget 2016in propertyTHE 2016 Budget was first presented by Prime MinisterDatuk Seri Najib Tun Razak last October, with revisionsannounced on January 28.

Here are some points you should know how this budgetwill affect the property market in the coming year:

Major large-scale infrastructure projects such as the

Mass Rapid Transit (MRT), Light Rail Transit (LRT),

Pengerang refinery and petrochemical integrated

development project and the High-Speed Rail (HSR) will

continue on public-private partnerships.

The HSR will ease cross-border mobility for those in

Malaysia and Singapore, which could boost the

economy beyond the property sector.

Additionally, investment banking group Affin Hwang

Capital expects the uninterrupted progress and

completion of these projects to soften the blow caused

by the cut in development expenditure.

Greater focus is placed on affordable housing with

Prime Minister Najib announcing restrictions on the

sale of new homes priced up to RM300,000 to

first-time homebuyers.

Additionally, Budget 2016 allocates RM1.6bil for

175,000 affordable 1Malaysia People’s Housing (PR1MA)

units, with the Government offering a 4% per annum

financing package for units costing RM35,000 through

Bank Simpanan Nasional (BSN) and Bank Rakyat.

More than 100,000 home units will be offered by the

National Housing Department (JPN), PR1MA, Syarikat

Perumahan Negara Bhd (SPNB), 1Malaysia Government

Employees Housing Programme (PPA1M), government

and private agencies at the Integrated House

Ownership Expo Roadshows.

Although not directly related, developers feel the 3%

reduction in employee contributions to the Employees

Provident Fund (EPF) and the RM2,000 tax relief for

taxpayers earning up to RM8,000 could boost current

demand – including in property purchases – and

spending while providing a multiplier effect on the

economy.

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2

3

4

5

Since the Government reduced development

expenditure by RM4.5bil to RM5bil, the implementation

of new projects could be delayed.

This will likely largely affect developers with

upcoming high-scale projects that are still in non-physi-

cal stages, although it is currently unknown which

projects will have to be put off.

Iskandar’s biggerinvestment picture

southern property - 27 february 2016

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