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Saturday, January 12, 2008

Malaysia a favourite among foreign property investors

MALAYSIA, alongside Singapore and Thailand, is one of the top choices for foreign property investors, according to the Asia Property Trends Survey conducted online from Nov 15 to Dec 31, 2007, by Asia’s leading property portal network Group.

Condominiums are the most preferred property for foreign investors

Its executive chairman Patrick Grove said in a statement that the survey results confirmed the fact there is a lot of foreign interest in Malaysian property. “These foreign buyers have big budgets and are actively looking for high-end property investment opportunities here,” he said.
The survey revealed that 55% of the respondents indicated they were looking for high-end properties in the US$100,000 (RM327,157) to US$500,000 price range, with 15% keen to invest in property ranging from US$500,000 to US$1 million.

About 95% of those surveyed said they intend to purchase property within the next 12 months.
“This definitely augurs well for Malaysia’s property market as well as the Malaysia My Second Home (MM2H) Programme, launched by the government to attract skilled, affluent, foreign property investors to Malaysian shores,” Grove added.

According to the survey, condominiums are the most preferred property type, with 55% interested in completed projects and 39% favouring newly launched projects. Location, price and the country’s foreignerfriendly policies were some of the important factors when making a property investment decision.

Meanwhile, the Internet is considered the tool of choice in hunting for viable properties, with 95% using it to look for properties available for sale, 56% to research on market trends, 50% to get the latest property news, 33% to research developers and 23% to search for real estate agents.

“We are pleased to learn that an overwhelming proportion of foreign investors use the Internet as their primary property search tool due to the rich and up-to-date content, accessibility,
convenience and speed it offers,” Grove said, adding that the group is committed to further enhancing its website’s content and product offerings to provide better service.

By theSun (by Yap Yew Jin)

Mayland unveils Regalia, its latest serviced-apartment offering

MAYLAND View Sdn Bhd (Mayland), a subsidiary of Mayland Group expects to sell 50% of its Regalia serviced apartments (pix), by the end of January. The serviced apartment, located on Persiaran Sultan Ismail in Kuala Lumpur, was launched yesterday.

The Regalia serviced apartments are for young, dynamic and discerning executives as well as those who wish to reside in the heart of the city within comfortable, stylish and luxurious surroundings,” said Michelle Won, marketing manager of Mayland Group.

Set on 2.5 acres of freehold land, the project has a gross development value (GDV) of RM500 million. Housed in a 38- storey block are 1,033 units spread over three wings. These units are priced at about RM400 psf with a maintenance fee of RM0.40 psf. Built-up areas for studio and
family units range between 500 sq ft and 1,871 sq ft; duplexes from 2,562 sq ft to 4,125
sq ft; and penthouses, 10,012 sq ft.

According to Won, Regalia’s serviced apartments offer a range of layouts that include studio, 1 room, 1 + 1 rooms, 2 rooms, 3 rooms, duplex, penthouse and super penthouse, with six designs to choose from.

“All units sized from 1,000 sq ft and above are allocated one parking bay each,” she said.
The units will have views of either KLCC, Kenny Hills or the internal courtyard.

Facilities at the serviced apartment include a sky pool and sky lounge, wading pool, gymnasium, sauna, WiFi Centre, bistro and bar, wine and cigar outlet, restaurant, function room, games room, reading room as well as an aerobics or yoga room.

“There will also be three lobby lounges, an executive room, house keeping, management office, prayer room, water feature, tropical garden and children’s playground. We are also providing luxury limousine services exclusively for residents,” added Won.

“Mayland pioneered the now popular concept of studio living in Malaysia. Our success story began with the signature Plaza Damas integrated development in the Sri Hartamas vicinity that commenced way back in 1998. Since then, Mayland has achieved an impressive 98% sales rate for all its developments,” said Won.

Currently 25% taken up, the Regalia project is located in the vicinity of established landmarks such as Sogo, Maju Junction and The Mall. It is also close to the Putra World Trade Centre,
Sri Pacific Hotel, Legend Hotel and the Sultan Ismail LRT station. Construction began two months ago, in November 2007, and completion is scheduled in 2010, said Won.

Mayland has several new launches planned for 2008. “In March, we will launch 72 units of shop offices and 1,500 units of serviced apartments in Sri Hartamas," said Won. The shop offices will be 3,600 sq ft on average while the serviced apartments will be sized between 550 Sq ft and 650 sq ft. “We'll also be launching Sri Putramas III in May,” said Won. Located on Jalan Kuching, the 471 condominium units housed in three blocks will have a GDV of RM300 million.

Also in the pipeline are townhouses and serviced apartments in Johor Baru, as well a RM450 million high-end condominium in Mont'Kiara. “We are in the midst of planning but all will be
revealed in 2008,” said Won.

For property details and enquiries, call 03-2691 9000 or 03-6201 8088, or log on to

By theSun (by Yeong Ee-Wah)

More News about The Regalia Service Apartment here


With over three decades of experience and more than 15,000 units of property under its belt, Mahajaya Bhd prefers to let its projects do the talking

FOR the 30-over years Mahajaya Bhd has been in the real estate industry, the group has completed over 15,600 units of property in the Klang Valley and other locations.
However, despite its vast experience, the developer prefers to keep a low profile, revealed its sales and marketing general manager Jackie Tan (pix).

“We seldom appear in newspaper articles. Even in our advertisements, you may not realise it is us as we have many subsidiaries.

The group was formed in the 1970s by founder and senior adviser Datuk Tan Leong Min and in 2004, we listed on Bursa Malaysia,” Tan told Propertyplus.

The group’s two main businesses are construction and property, with the latter being its core business. It has more than 20 subsidiary companies, such as Spangate Sdn Bhd, Jiwa Property Sdn Bhd, Medan Damai Development Sdn Bhd, Pancar Vista Sdn Bhd and Jelebu Homestead Sdn Bhd.

Among some of the group’s completed projects are 3,448 units of apartments and condominiums in Desa Petaling, KL, 1,765 residential and commercial units in Taman Tan Sri Yaccob in Skudai, Johor, the 342 unit Aliran Damai Apartments in Cheras, and 910 units of shop apartments in Kota Laksamana, Malacca.

“We not only develop properties, but in our construction division we produce ready-mix cement, piles and bricks. We do most of our projects’ earthworks ourselves. The benefits of having everything in-house is that we are able gauge beforehand which materials are needed, saving time and enabling us to complete properties ahead of schedule,” said Tan, who has been with the
company for over 20 years.

Bandar Damai Perdana
Mahajaya’s current major developments are Bandar Damai Perdana in Cheras, Taman Alam Indah in Shah Alam, and Taman Damai Utama in Puchong.

Located in the southern suburbs of Kuala Lumpur, the 430-acre freehold Bandar Damai Perdana is being developed by Mahajaya’s wholly owned subsidiary Medan Damai Sdn Bhd.

Bandar Damai Perdana’s RM500 million first phase comprising over 3,000 units of properties was completed three years ago and the group is concentrating on the 110- acre second phase, which offers the development’s first high-end properties — the RM100 million Damai Gayana.

An artist's impression of the Damai Gayana development

Tan said that there were always plans for high-end properties.

However at that point in time when the first phase was launched in 1999, it was decided that midrange products would cater for more target groups. “Today, the market is looking for high-end, exclusive homes, especially within gated and guarded developments,” she added.

The 70-acre Damai Gayana will offer 220 units of semidees and bungalows. There are two phases of semidees with the first 24 units launched last December sold out.

The second batch of 18 units, which was launched less than three months ago has achieved a
take-up rate of 30%. The 2½-storey semidees have land areas of 40ft by 80ft and built-ups from 3,530 to 3,703 sq ft. Prices start from RM838,880.

Meanwhile, the 53 units of 2½- storey bungalows also launched last December have a take-up
rate of 40%. Land sizes for the bungalows are 60ft by 80ft and 60ft by 100ft with built-ups from 3,852 to 4,253 sq ft and are tagged from RM1.23 million.

Damai Gayana is situated on the highest peak of Bandar Damai Perdana and Tan is proud to say that they have saved the best location in the development for the project. “The semidees and bungalows are unique because they are 2½-storey. Buyers can opt to have half a storey on the ground or at the highest level. This provides with more functional space as it can be turned into a second living room where entertaining is done, a gym or even a theatre room,” Tan offered.

She said that although the project is not gated, security and privacy is ensured as it is on
higher ground than surrounding homes. “There is only one entry point and residents will have to
use a smart card to enter.”

Taman Damai Utama
U Centre Point, the first launch in Mahajaya’s RM800 million Taman Damai Utama in Kinrara, Puchong was unveiled last September. The project with 142 units of 2- and 3-storey shop offices has a take-up rate of 95%.

“In the pipeline in 2008 are the launches of another 32 units of 1-storey shop offices and,
this Saturday, over 600 units of 2– and 2½-storey link houses will be launched. The houses have built-ups of 2,000 sq ft and 2,625 sq ft respectively and start from RM338,990.The good take-up of the first launch was because of the ready catchment in the area. Being opposite Bandar Kinrara and near the Giant Hypermarket ensured demand for commercial units,”
she shared.

Tan added that the group is still acquiring more land for the 220-acre leasehold development.
Upon completion in six years, Taman Damai Utama will have over 3,800 units of commercial and residential property.

Another project, the 115-acre leasehold RM100 million Taman Alam Indah in Section 33, Shah
Alam, has a take-up rate of 97% for its 50 units of 2-storey link houses sold under the build-thensell concept. The homes with lot sizes of 20ft by 65ft are priced at RM200,000.

“We are waiting for the second phase of 378 units of 2-storey terraced homes, which are priced
from RM240,000, to be approved. The earthworks are complete and we hope to launch by the first quarter of 2008.”

The group has a total undeveloped landbank of over 1,600 acres in Cheras, Shah Alam, Johor, Perak and Negri Sembilan.

Project management
Tan said that apart from property development and construction, the group is also involved in project management.

“We not only develop properties for clients, but also the handle sales and marketing. We have
just completed a privatised project with City Hall for low-cost apartments in Kampung Malaysia.
We also do projects for Salak Park Development Sdn Bhd, which has a landbank of over 200 acres in Desa Petaling, KL.”

Going forward, Tan remains confident that the group will do well despite escalating buildingmaterial prices. “A lot of developers are worried and are waiting to see what 2008 will bring, but as far as Mahajaya is concerned, we can rely on our backup arm [construction division] to provide us with materials.”

By theSun (by Allison Lee)

Reinventing bathrooms

TODAY’S bathrooms have taken on new roles, not only as a place for cleaning and freshening up but also as a sanctuary to relax and rejuvenate.

Opening new frontiers in living environments, living more openly and with less inhibition and challenging traditional concepts of living space — these are some of the current concepts in modern home designs.

Nowhere is this more evident than in bathrooms.

Bathrooms today are not what they used to be. This is because people today spend so much more time in the bathroom.

For some, the bathroom is a haven for some peace and quiet. For others, it is a sanctuary for relaxation and rejuvenation.

There is a sense of zen in the art of designing the bathroom. And leading in this direction is the brand Dornbracht of Germany. Members of the media were recently invited by developer
Sunrise Bhd to visit the Dornbracht factory in Germany.

For many years, Dornbracht has been in the forefront of liberating contemporary home interiors by merging bathing and living spaces using various artistic and functional designs from its own portfolio. An example of this is Dornbracht’s Interiors collection.

Today, the Interiors collection has a total of 21 items, each product being a unique stand-alone design. Because of their universally timeless designs and forms, they can be paired with
one another and used to highlight individual features in any living space.

Internationally renowned designers have perfected their very personal concepts of a bathroom for the Interiors collection.

Each new design is therefore the individual expression of the ideas and style of the respective designer and represents his or her interpretation of bathroom and living culture.

Featured here are some designs from the Dorbracht collection.

The eTECH design featuring wall-mounted infrared basin mixer and lotion dispenser

Light for bath and life
Today, the specialised use of light plays a central role in the architecture of the home and bathroom. Of course, stylish lighting complements any design in the bathing and living area, as very individual staging of rooms and specifications can be created with the use of light alone. As an example, the lights, as with the Light Modules, can be stand-alone or as part of an arrangement, thus becoming an element of design by itself.

Hidden high-tech
Intelligent technology doers not have to show its complex inner workings.
On the contrary, the element of surprise is all the more appealing. The wall-mounted infrared basin mixer, eTECH, designed by Jahn Lykouria Design is totally architectural in its formal expression. It follows a clear geometric line, pampering anyone who comes close to the fitting. Its movement-sensitive on/off function allows the water to flow until a second wave of the hand tells it to stop.

Ritual gym
A special feature of the Dornbracht ritual architecture, Tara.Logic, is that it offers a place for gentle rituals, retreat and peace — the essence of a bathroom.

Tara.Logic is based on a system of straight vertical panels with full emphasis on the erect vertical — detracting from a laid-back horizontal. In Tara.Logic ritual architecture, the water is powerful, bursting out from a dark panel in the ceiling and gushing down onto the body.

The Tara Classic collection
Another of Dornbracht’s prides, Tara Classic is an example of design that is timeless and durable
in its functionality. This envisions the contemporary bathroom as a revival of the traditional function of bathrooms of ancient times where men and women gathered to communicate and to pamper each other. This collection rediscovers the feminine dressing table, which gives due attention to getting ready for the day. It includes a mirror at the right height when seated and a comfortable seat for attending to cosmetic touchups. An area for feminine beauty, enclosed within itself, is connected directly to the washstand.

The male area is stylish and functional. It features a stone washstand, shelf areas made of wood
on the left and right, and a mirror, with lighting optimally focused for shaving and facial care.

Bathing redefined
What happens if a fitting is no longer a design object within the architecture but becomes architecture in itself, or if the space experiences structural change and order through it?

Like when the water-point itself becomes a room within a room. Or a bathtub, for example, functioning as a room divider, refined by the fitting as a functional appliance.

The washstand can also become a wall element, which inserts itself into the surrounding architecture. Such fittings that serve dual functions as a fusion of design and architecture, such as Meta.02, are minimal in size and shape. Otherwise, they compete with their surroundings.

The Rainsky shower featuring thermostat module and Tara hand shower set

RainSky shower system
This is Dornbracht’s revolutionary concept borrowed from the idea of “taking a shower under the sky”. The shower panel is fitted on the ceiling and the “rain” falls on you. But here, you have the option to choose which part of the body you want the rain to fall on or how heavy it should be — whether it be a misty spread or an invigorating sharp spray.

You can also select three different bathing modes with a touch of a button — controlling brightness, scent and water -- to soothe away the tension after a long day at work. Or to give you a zap to greet the new day in the morning. Yes, RainSky can do all that, and more.

Dornbracht fittings are used in several Sunrise Bhd projects.
For details, contact GC Building Technologies (M) Sdn Bhd at 03-78052752.

Article by theSun (by Lin Siu-Loong)

Bandar Raya buys Subang Jaya land for RM126million

JAGAN: BRDB will continue evaluating and purchasing land in prime areas to ensure enhancement of the company's earnings

Bandar Raya Developments Bhd (BRDB) has bought a 10.2ha piece of land in Subang Jaya for RM125.86 million with plans to turn it into a mixed-use development featuring retail, street retail, office suites and apartments.

BRDB chief executive officer, Datuk Jagan Sabapathy said the project is expected to generate gross development value of about RM1.5 billion and gross development profit of about RM500 million.

With an estimated gross built-up area of five million sq ft, the development is expected to be carried out in four to five phases over seven to eight years with the first phase expected to begin in 2009.

"We are hoping to start work on the land as soon as possible as we believe there is strong demand for a decentralised commercial centre in the Subang Jaya/ Petaling Jaya area. Our target is to start within the next 12 months," he said.

He said BRDB will continue evaluating and purchasing land in prime areas to ensure enhancement of the company's earnings.

BRDB's wholly-owned unit, Impiana Impresif Sdn Bhd, yesterday entered into a conditional agreement to buy the land from Kee Hup Properties Sdn Bhd (KHPSB), a wholly-owned unt of Kee Hup Holdings Bhd.

The company will use the group's own funds and borrow from banks to pay for the purchase.

By New Straits Times