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Monday, November 5, 2007

Glasstech Asia 2007


GLASSTECH ASIA 2007
6th INTERNATIONAL GLASS PRODUCTS, GLASS MANUFACTURING, PROCESSING & MATERIALS EXHIBITION
Incorporating HollowGlass Asia 2007

Venue: IMPACT Arena Exhibition and Convention Centre Bangkok
Challenger Hall 1, Bangkok, Thailand
Date: 15 - 17 November 2007
Time: 10:30am - 7:00pm
Open to Trade & Professionals

IMPACT Arena Exhibition and Convention Centre Bangkok
Glasstech Asia will be held at Impact Challenger Hall 1 which boasts of the world’s largest column-free exhibition hall, measuring 459 by 131.2 meters with a 16 meter high ceiling and providing a floor space of 60,000 square-meters is larger than eight football fields. Sophisticated sound-proof walls can divide the hall into three column-free areas of 20,000 square-meters each. Key features include state-of-the-art exhibition facilities and deluxe supporting conveniences and services.



Glasstech Asia 2007 incorporating Hollowglass Asia 2007 will take place at IMPACT Arena Convention & Exhibition Centre from the 15-17 November 2007, bringing together under one roof, all trade personnels related to the glass industry in Asia.

Opening hours are from 1030 - 1900. However, in case there are any last minute changes to the opening hours, please kindly contact Glasstech Asia 2007 before you visit the fair. (http://www.glasstechasia.com)

VISITOR PROFILE
Architects
Contractors
Property Developers
Glass Manufacturers
Distributors & Suppliers of Glass Machinert and Parts
Engineers
Glaziers
Interior Designers
Window & Facade Installers
Automobile Manufacturers
Automotive Component Distributors

BKP shares its success formula

BRANDING through execution (BTE) may become one of the successful formulas in creating new opportunities for the property sector.

Bukit Kiara Properties (BKP) group managing director N.K. Tong, a staunch advocate of BTE, said BTE had helped BKP gain the much needed respect, trust and confidence from discerning property buyers and investors.

According to Tong, BTE entails a consistent and relentless delivery of an organisation's core values, implementation of quality in-house management policies and a passionate engagement with customers, staff and business associates.

“It refers to a developer's commitment and determination to walk its talk,” he told 150 participants at the 2007 National Property and Housing Summit held in Petaling Jaya recently.

He said BKP's pursuit of BTE was the main reason for the encouraging response for its innovative homes in Aman Kiara, Hijauan Kiara and Verve Suites.

BTE, he said, gave BKP a strong corporate identity and brand image that shaped the perception of customers towards the company.

Tong said there were three types of branding: BTE, branding through marketing and branding through design and it was BTE that BKP embraced and reaped the most success in terms of sales.

“For BTE to work effectively, BKP lived true to its core values of Integrity, Caring, Innovation and Quality. Every major and minor decision in BKP must be bridged back to our core values.

“They are reinforced in our staff, suppliers, contractors and consultants. We make every effort to share them with our customers,” he said.

To develop a quality culture, Tong said, BKP's construction arm Bukit Kiara Builders recently obtained an ISO 9001:2000 certification conducted by Moody's International.

Other internal branding programmes include adherence to the company's code of ethics that earned BKP the 2005 Integrity Award from Business Ethics Institute of Malaysia and Malaysian Institute of Integrity.

“BKP makes it a point that the staff must do the right thing even when no one is watching,” he said.

He added that external branding focused on caring for its customers, meeting their functional and lifestyle needs and hopefully become the company's brand ambassadors.

“This kind of relationship eventually develops into a lasting bond between the developer and customers,” said Tong.

Its strategic alliances with world-class brands such as Bosch, Swarovski, Versace, Maserati and Lazarre Diamonds have also reinforced BKP's credibility.

“These co-branding activities enhanced the value of our buyers' properties and widened their lifestyle needs,” he added.

Tong said there was also a need to embark on media relations, community service work, brand communication programmes and customer relations plans to add depth and value to their external branding activities.

BKP's innovative approach can be seen from its Verve Suites where, instead of selling penthouses, the entire top floors are dedicated for uniquely designed sky lounges, named Vertigo Lounge and Hypercubes Lounge of the Viva and Vibe towers, respectively.

By The Star (By S.C.Cheah)

New township by I&P

Island & Peninsular Bhd's (I&P) latest township development, Alam Sari, will have a new concept: academia.

Located in Bangi, the township is surrounded by various universities, training and research centres, as well as higher education centres.

The gross development value of Alam Sari - Neighbourhood of Academia is estimated at RM1bil.

Built on one of Bangi's last parcels of freehold land measuring 432.5 acres, it will house about 3,435 residential units with a projected population of 17,000 when completed in 12 years.


Datuk Jamaludin Osman


I&P group managing director Datuk Jamaludin Osman said the company was very focused on ensuring that its products would make a difference wherever it was present.

“Last year, we introduced art into our township and created Alam Impian - Township of the Arts.

“The latest township takes on a different concept, academia, inspired by its location which is within the vicinity of various higher learning institutions and research and training centres,” he said in a statement issued in conjunction with the launch on Nov 1.

Jamaludin added that Alam Sari would feature controlled access points and perimeter planting to ensure safety in the neighbourhood as well as the use of road hierarchy to control traffic speed and volume.

I&P had the first sales launch of 90 units of double-storey terraces, called Ilmia, on Saturday. These homes, with built-up areas of 2,099 to 2,271 sq ft, are priced between RM248,088 and RM512,760.

An education trust fund will be offered free with the purchase of Ilmia.

I&P said sales of Ilmia were expected to be overwhelming, based on enquiries received so far.

“As such, the next phase of terrace and semi-detached homes is targeted for the first quarter of next year,” it added.

Related information about this article: Alam Sari ...

By The Star

SP Setia MD calls for higher benchmark

This year's Fiabci Malaysia Property Man of the Year, Tan Sri Liew Kee Sin, has called on all his fellow property developers to raise the benchmark to compete with the “big boys” in the world arena.

In his five-minute speech after receiving the covetous award from the Sultan of Selangor on Oct 27, Liew reminded all players to keep on improving not only in doing better designs and concepts but in all areas.

“We must raise the bar of property development,” his words resounded through the grand ballroom of the new One World Hotel in Bandar Utama, Selangor, where more than 1,300 guests witnessed the annual “Oscars” of the property industry.

Liew, who is SP Setia Bhd group managing director and chief executive officer, also showed his humility when he attributed the award to his SP Setia team. He also thanked his sifu (master), veteran property developer Wong Chee Kooi, for showing him the “ropes.”

“I thank him (Wong) for his guidance and I hope to learn some more from my fellow developers. I still have a lot to learn from the rest of the world.


From left: Fiabci Malaysia executive director Yu Kee Su, president Datuk Richard Fong, Sultan of Selangor Sultan Sharafuddin Idris Shah Alhaj, Tan Sri Liew Kee Sin and Fiabci Malaysia honourary treasurer Yeow Thit Sang at the 15th Fiabci Malaysia Property Award


“We have gone to Dubai. We may be the biggest in Malaysia, but we are so small in the world. Malaysia must come up with more innovative products to attract more foreign investments.”

Under Liew's stewardship, SP Setia has transformed from a RM200mil company in 1998 into the largest developer on Bursa Malaysia with a market capitalisation of over RM5bil.

The group has also established a dominant presence in three key economic centres in Malaysia – Penang, the Klang Valley and Johor Baru – with 20 current and upcoming projects valued at over RM30bil.

In May, the group embarked on its first overseas investment with a standard-setting township development in Vietnam.

Indeed, many Malaysian companies have in recent years gone abroad, to such countries as China, India, Vietnam, Australia and even Pakistan, to do construction and property development as well as to invest in properties there.

Some of the Malaysian companies like Gamuda have done well in the Middle East. Our expertise is being gradually recognised and sought after.

However, much more needs to be done to train not only the skilled and semi-skilled workers but also our professionals such as architects, consultants and engineers, who must be more aggressive to compete for jobs globally.

As it is, we are still very much dependent on a foreign brand, be it in retailing or having a famous foreign architect to design a high-end property as the foreign brand is supposed to help to sell properties.

Surely we are not short of innovative ideas. If it is our own ideas, it's time to blow our own trumpet too. We should not be overly dependent on merely copying others and enslaved by a colonial mentality.

The time has come for our property developers as well as professionals in the industry, particularly our architects, to promote and market their brands abroad.

While many property developers are becoming more aware of the need for branding, very few of our property developers have achieved international “stardom”.

Hence the annual prestigious International Prix d'Excellence award conferred by the Fiabci (International Real Estate Federation) world body is one of the ways where Malaysian projects/companies can compete to gain international fame.

As Fiabci Malaysia president Datuk Richard Foong Loong Tuck said, four Malaysian projects (Setia Eco Park, Cyberjaya, Hilton Hotel and 1 Utama Shopping Centre) have made Malaysia proud for being recently awarded the International Prix d'Excellence award.

Meanwhile, more companies should emulate SP Setia's efforts in corporate social responsibilities.

Liew said although SP Setia was continuously evolving into an international property developer, the most important thing was still the Setia Foundation.

He believes that the group has succeeded in making the difference not only in property development but also in charitable work.

“We cannot make money and then only do charity, but we must do it as we go along. We have raised money also from all our friends and those who make money from us. We ask them to contribute to the foundation,” he added.

Mooted by Liew in 2000, the SP Setia Foundation has raised a total of RM35mil that are channelled to various charitable causes.

One of the foundation's most gratifying projects and one that is closest to Liew's heart is the Setia Adoption Programme which funds the educational needs of primary school-going children in Malaysia.

To date, 2,300 pupils have been taken under the wings of the foundation.

More related information for this article ...

By The Star (By S.C.Cheah)

Project designer aims to raise the quality of life of KL folk

The Gardens at Mid Valley City aims to lift the quality of life of Kuala Lumpur folk through its well-designed and integrated living, working, shopping and recreation spaces.

World-renowned concept designer Eric R. Kuhne, who designed the project, uses the vibrant colours and simplicity of Malaysian life to create a landmark of excellence, elegance and comfort in The Gardens.

In the design and development of The Gardens, Kuhne drew inspiration from the country’s rich heritage of arts, crafts, ceremonial robes, flora and myths.

“Here, gardens, restaurants, galleries, meeting rooms, exhibition spaces, shops, hotels and apartments integrate into a seamless experience, creating thriving chambers of commerce,” Kuhne said.


Eric R. Khune

He said the quality of the non-commercial spaces in The Mid Valley City, which include a 700-metre-long boulevard, a roof garden and river front recreation space, could stack up against mixed-use developments in other cities.

“The civic life is captured in the quality of space provided to the people for their daily living, working and recreation. This is increasingly a source of challenge for cities all over the world,” he added.

In designing the two Grade A office towers in Mid Valley City – The Gardens South Tower and The Gardens North Tower – Kuhne set out to establish the offices as the most prestigious office address in the region.

“The workplace of the future will be defined by the quality of the work experience.


An artist's impression of The Gardens at Mid Valley City

“In keeping with the changes in the approaches and attitudes towards work, the work environment needs to change to satisfy the growing demand for more inspiring and rewarding work experiences,” he said.

With 500,000 sq ft of gross lettable area in each block, it is one of the most spacious office buildings in the country.

The architecture of the office towers overlooking the Klang River is based on Kuhne's design philosophy that a city is the greatest work of art.

Describing the building aesthetics, he said the double-volume lobbies, open areas for discussions, the presence of a concierge and the hospitality of an espresso bar – previously the preserve of fine hotels and resorts – defined the new leisure work environment of The Gardens North and South Towers.

While utilising the most sophisticated materials and technology to deliver comfort and convenience, the design of the office towers is a showcase of the country's rich cultural heritage.

The design of The Gardens South Tower is inspired by the country's rich timber forest while the North Tower is inspired by woven crafts.

The two towers are among the few in the city equipped with helipads on the rooftops to cater to executives who prefer airborne arrivals and departures.

By The Star


IGB plans bigger foray into commercial estate

IGB Corp Bhd is keen to build up its portfolio of commercial real estate in Kuala Lumpur to leverage on the strong demand for prime office space in the city and expand its income stream.

The property group currently owns three million sq ft of office space in the city and will soon add one million sq ft of Grade A office space in Mid Valley City that will make it the largest owner and manager of commercial properties in the country.

The two latest office towers are The Gardens South Tower, to be completed by the end of this year, and The Gardens North Tower, which will be ready next June.

IGB's property portfolio comprises Menara Tan & Tan (350,000 sq ft), Menara IGB (250,000 sq ft), Centrepoint North and South (460,000 sq ft), Boulevard offices (750,000 sq ft), Northpoint (one million sq ft), Ampwalk (370,000 sq ft) and Plaza Permata (310,000 sq ft).


Anthony Barragry

Mid Valley City Development Sdn Bhd (MVC) executive director Antony Barragry said demand for prime office space in Kuala Lumpur was growing stronger and this offered the company tremendous opportunities to venture into the sector in a bigger way.

“Come 2008, IGB will be the only developer to offer two Grade A office buildings in the city and we look forward to meeting the needs of the sophisticated office market,” Barragry told StarBiz.

Undertaken by MVC, Mid Valley City will have a total gross area of 17 million sq ft of office, retail and hospitality space worth a gross development value (GDV) of more than RM5bil.

So far, close to 80% of the development has been completed.


An artist's impression of The Gardens at Mid Valley City


Upon completion in 2010, the 50-acre Mid Valley City will become one of Asia’s leading integrated mixed-use developments. It is also the most successful urban renewal project in Kuala Lumpur.

To replicate its success in the Mid Valley City, Barragry said the company was looking out for opportunities for other urban renewal projects in Kuala Lumpur and other parts of the country.

“Cities are very organic and have a life span of their own. There will always be a need to revitalise the older parts of cities to avoid decay and degeneration.

“Mid Valley City is a very unique property and the addition of the upmarket The Gardens precinct makes Mid Valley the alternate city centre, offering a new kind of city experiences in Kuala Lumpur.”

He said all the properties in Mid Valley were managed in-house and there was tremendous knowledge and resources in the group that could be tapped for use in other projects.

The Mid Valley Megamall, which has a net lettable area of 1.7 million sq ft, opened its doors in November 1999.

The development has since been enhanced with the addition of Cititel, Boulevard hotel and offices, Menara IGB, Northpoint, and Centrepoint North and South.

The opening of The Gardens Galleria, an upmarket shopping gallery, in September added 800,000 sq ft of net lettable retail space in Mid Valley City. This brought the total to 2.5 million sq ft, making it the largest in the city.

The Gardens is conceptualised as a high-end mixed-use development that also includes The Gardens North Tower and South Tower, 207 suites in The Gardens Residences, and 440 rooms in the five-star Gardens Hotel.


The double-volume lobbies of The Gardens North and South Towers


Located on 9.7 acres, The Gardens will provide a total gross floor area of 5.9 million sq ft for a total GDV of RM2bil.

Barragry said The Gardens Residences was targeted for completion in the first quarter of 2008 and The Gardens Hotel would be open by the end of next year.

At the southern end of Mid Valley City is the last undeveloped plot of 2.3 acres on parcel 3 that has been planned for a mixed-use development. It will comprise 400 upmarket residences in two tower blocks and possibly a niche retail component.

Barragry said construction was expected to kick off in the first quarter of 2008 for completion in 2½ years.

The infrastructure network, including rail network connections and major upgrades to the existing roads, has been completed before The Gardens opening in September.

Currently, the project is linked to the southbound KTM commuter line and plans are underway to enhance the connection with the Port Klang-Sentul line, Putra LRT and KL Monorail.

By The Star


Ceatec showcases latest IT and electronics products

MATSUSHITA Electric Industrial Co Ltd unveiled three new Panasonic Blu-ray recorders and three high-definition (HD) DVD at Ceatec Japan 2007, Tokyo, recently.

The new models, available in Japan on Nov 1, offer the longest hours of full HD recording in the world with easy operation and connectivity with other audio-visual products and video intercom connected to the home network.

Panasonic’s new recorders, which can store up to 18 hours of full HD video, are achieved through innovative technologies, including the new generation UniPhier system and the technology cultivated by its Panasonic Hollywood Laboratory.

UniPhier brings excitement to the customer with multimedia solutions that combine high-quality audio and video with low power consumption, real-time processing and secure technology.

Ceatec Japan, held from Oct 2 to 6, showcased the world’s most comprehensive exhibition of cutting-edge information technology (IT) and electronics technologies by leading brands such as Panasonic, Sony and Samsung.


Panasonic booth at Ceatec Japan 2007. The company displays its wide range of Viera flat and plasma TVs, camcorders, car-navigation system, mobile phones and cameras, among other things.

More than 200,000 visitors to the five-day event were able to witness industry and market trends in the IT and electronics fields.

They could also experience new business styles and lifestyles by understanding the value-added technologies, products and services, the changes to our society, lifestyles and commerce, and the new industries and markets wrought by digital convergence.

Panasonic's booth also displayed its wide range of Viera flat and plasma TVs, camcorders, car-navigation system, mobile phones and cameras, among other things.

This year’s show featured some 20 keynote speeches by industry and opinion leaders.

The acclaimed Ceatec Japan Conference also offered numerous sessions as well as technical programmes related to software and solutions, information systems and communications networks.

By The Star

Melati Ehsan the envy of its rivals

Despite being a small turnkey construction and property developer, it has built a strong reputation in the sector.

MELATI Ehsan Holdings Bhd's performance is the envy of many players in the construction industry, despite being a relatively small company compared with some of its more established rivals.

The turnkey construction and property developer is outperforming many of its larger competitors in terms of results because of its strong reputation for delivering projects on time and within budget.

In fact, Melati Ehsan has been on the roll long before it got listed in March on the main board of Bursa Malaysia.

The company has an impressive compounded annual growth rate of 38.5% per annum over the four years up to August 2007, and its order book has ballooned to RM1.7bil from slightly over RM600mil within that period.

However, managing director Datuk Yap Suan Chee said the company was not resting on its laurels and expected to rapidly but cautiously expand its construction division in the near future.

“We are still small, but we have a vision to grow much bigger,” he told StarBiz.


Datuk Yap Suan Chee explains about one of the company’s construction projects in Johor Baru

For the financial year ended Aug 31, 2007, Melati Ehsan posted net profit of RM27mil on the back of RM173.4mil in turnover.

The company has recommended a first and final dividend of 7.5 sen per 50 sen share for the year under review.

Currently, Melati Ehsan has four wholly owned subsidiaries under the group.

They are Bayu Melati Sdn Bhd, Pembinaan Kery Sdn Bhd (both turnkey contractors), Melati Ehsan Consolidated Sdn Bhd (involved in property development) and Melati Ehsan Trading Sdn Bhd.

Yap said Melati Ehsan's construction division had been growing steadily over the years, even during the financial crisis, because of its ability to complete projects on time, within budget and often with little bank borrowings.

Asked what was the secret to his success, he said: “Besides having a strong workforce with the expertise to deliver projects on time and within budget, it is important to maintain good cash flow.”

He said it was also important to develop a good working relationship with suppliers, institutional investors and financial institutions.

“We have also been very cautious in selecting our projects,” said Yap.

A CIMB research analyst said Melati Ehsan had undertaken several notable Government projects.

The projects include Taman Aman Putra phase 1 in Jinjang Utara (1,000 low medium-cost apartments and 30 shops) awarded by Kuala Lumpur City Hall, the RM106mil Bayu Damansara (334 double-storey terrace houses) and 38 semi-detached houses in Kota Damansara awarded by Selangor State Development Corp.

Another project is the Majlis Link (RM53mil), a turnkey project to build a link road at the Free Trade Zone Bandar Seaport in Damansara Jaya, Selangor, awarded by the Public Works Department.

The analyst said Melati Ehsan was poised to benefit from the rollout of construction projects under the Ninth Malaysia Plan (9MP).

“The stock has been attracting some investors recently,” he said, adding that Melati Ehsan had tendered for over RM1.7bil worth of projects year-to-date, of which RM1.7bil was under the 9MP.

The analyst said the company's success rate in winning contracts had not fallen below 30% of total projects tendered in recent years.

“It has the ability to complete construction projects on time and within budget, which puts them in a favourable position with financial backers,” he said.

He said Melati Ehsan had also undertaken several infrastructure projects, including Jambatan Baru Pinang Tunggal (RM10.3mil), flood mitigation solutions (RM169mil), and the construction of two new interchanges and bridges as well as road upgrades and traffic management (RM86mil).

The analyst said the company had an unbilled order book of over RM1.4bil and its current projects would sustain it for another three to five years.

“The company is in the pink of health with low borrowings (RM3.6mil), good cash flow (cash and cash equivalents of RM25.8mil), a healthy order book and an impeccable track record that must be the envy of any contractor,” he said.

An analyst with OSK Securities concurred, saying that while Melati Ehsan was relatively small compared with other contractors, it was churning out stable profits over the years and had good potential for growth.

“The company has managed to balance financial cash flow and operational requirements while delivering projects on time and within budget,” he said, adding that Melati Ehsan was a well-managed construction company.

The analyst said the company had a strong mix of building and infrastructure projects that was providing good profit margins.

“Melati Ehsan is a contractor that has been able to increase profit margin of projects without incurring a corresponding proportionate increase in marginal costs,” he noted.

- The Star (By Danny Yap)

Eden adding property to business portfolio

PETALING JAYA: Eden Inc Bhd (formerly Eden Enterprises (M) Bhd) is believed to be aggressively planning to add property into its business portfolio to help boost its food and beverage (F&B) activities.

A source told StarBiz that this proposed venture would only kick-start once the deal to acquire Hotel Singgahsana in Petaling Jaya from KUB Bhd materialised.

“Eden is pushing hard to acquire the hotel as it will give the company a platform to expand its F&B business and can be a training centre for F&B activities.

“If the deal materialised, it would open the doors for other property acquisitions in and outside the Klang Valley as well as abroad that will enhance its F&B business,” the source said.

“At present, talks are still ongoing between the two and due diligence exercise had already been completed earlier. It appears the deal is close to be sealed,” he added.

The new management team, which took over the company a few years ago, is very dynamic and wants the company to be a global player, the source noted.

Currently, the main contributor to Eden is power generation, which accounts for about 75% of total earnings, while the balance is from the restaurant and manufacturing businesses.

Tan Sri Abd Rahim Mohamad

Eden, which started off as a food and beverage company, has since expanded into tourism, energy and manufacturing sectors.

At its AGM held in June, executive chairman Tan Sri Abd Rahim Mohamad said Eden planned to spin off a division consisting of its F&B and tourism-related operations into a separate listed entity within the group in three years.

He added that its target was to grow revenue from this segment to RM100mil a year from RM40mil now.

For the financial year ended Dec 31, 2006, the group posted net profit of RM85mil from revenue of RM237.4mil.

- The Star (by

Sunday, November 4, 2007

National Accountants Conference 2007


National Accountants Conference 2007

The Mega Event of the year for Financial & Business Leaders !
Venue: Kuala Lumpur Convention Centre (KLCC)
Date: 12 & 13 November 2007
To be officiated by:
Y.B.DATO' DR. NG YEN YEN
DEPUTY FINANCE MINISTER

Business-as-usual no longer cuts it, even if your present processes have served you well - you need to set your sights on and put in place the requisite metrics to achieve a truly world-class performance.

Discover what it takes to achieve world-class performance at the National Accountants Conference 2007, the MEGA EVENT of the year for financial and business leaders!
____________________________________________________________________________

About NAC 2007

National Accountants Conference (NAC) is a flagship event in Malaysian Institute of Accountants (MIA) continuing professional education programme. This year marks MIA presenting the NAC for the 23rd successive year. Themed Towards Excellence, Achieving World Class, it will be held at Kuala Lumpur Convention Centre from 12-13 November 2007.

The conference which has in recent years brought together almost 2,000 professionals from around the country, is viewed as a platform for learning and developing stronger business networking opportunities. It will provide you with the opportunity of earning up to 16 MIA CPE credit hours while you hear dynamic and professional speakers delivering pertinent information on current business issues, financial management practices and standards, personal development and much more.

Be sure to join us and be inspired to achieve excellence – it doesn’t matter whether you are a senior executive or just starting out.

The Venue












The Kuala Lumpur Convention Centre, Kuala Lumpur's latest addition to the convention industry will be venue of the Conference. A component part of the Kuala Lumpur City Centre (KLCC), this purpose-built facility for international, regional and local conventions, tradeshows, public exhibitions, entertainment and private functions, offers state-of-the-art wireless LAN, telecommunications and digital audiovisual facilities allowing interactive sessions for delegates. The versatility of the Centre’s design, layout and facilities also promise a dynamic convention atmosphere for all delegates.

KLCC will also be venue of the 18th World Congress of Accountants (WCOA) in November 2010, a prestigious event to be hosted by MIA.

___________________________________________________________________________

For more information or to register, please call or visit
MALAYSIAN INSTITUTE OF ACCOUNTANTS
(www.mia.org.my/nac)
Tel: 603-2279 9200
Fax: 603-2273 5167
Email: nac@mia.org.my



Malaysia International Fashion Week


Malaysia International Fashion Week
Date: 15 - 18 November 2007
Visit the website Malaysia International Fashion Week

Currently in its fourth year, M-IFW has already generated a steady buzz in international fashion circuits. M-IFW has visibly heightened the awareness of Malaysia as a fashion destination and sparked interests in local fashion designers as well as bringing together the key players of the fashion industry under one roof. The inclusion of Islamic Fashion Festival (IFF), the brainchild of Dato'Raja Rezza Shah, in M-IFW aims to promote and draw awareness to Islamic-inspired fashion.

M-IFW's theme for 2007 is "LOVE", and the belief that love can be conveyed through Fashion. M-IFW'07 featuring Trend Asia 2008 will take place on 15 - 18 November at the Kuala Lumpur Convention Centre (KLCC).

The event at Kuala Lumpur Convention Centre will comprise of 5 key elements:

  1. M-IFW Collection Showcase
  2. M-IFW Showroom
  3. Islamic Fashion Festival
  4. M-IFW Luxury Lounge
  5. M-IFA Gala

Venue: Hall 1, KL Convention Centre
M-IFW'07 will be held at the Kuala Lumpur Convention Centre (Hall 1). Located right next to the beautiful city parks, the convention centre is centrally positioned in the heart of Kuala Lumpur and is within walking distance from the iconic Petronas Twins Towers, the city's vibrant shopping scene and thriving night life. It is set right in the midst of KL's most animated centre, providing the perfect location for showing the works of the region's young dynamic designers. Kuala Lumpur Convention Centre (KLCC) is easily accessible from all parts of the city by taxi, bus and monorail.

Modern Home & Property Fair'07



Come to the Biggest combined Modern Home & Property Fair at Mid Valley Exhibition Centre
Date: 06 - 09 December 2007
Time: 10.30am - 9.00pm

Wtih rapid development of the affluent home industry in our country, it inevitably leads to great opportunities for manufacturers and providers of Modern Home products & services to meet the needs of the time.

The Modern Home & Property Fair 07 offers the ideal platform for manufacturers, importers, agents, distributors, dealers, sellers and developers to meet and reach out to a focused market of the local home industry . It provides an exciting avenue as a One-Stop Exhibition to showcase your latest innovative products & services for the extension of your market share. Our wide range of exhibit profile includes:

  1. Home Furnishings & Fittings
  2. Kitchen & Bathroom
  3. Floor, Door & Window
  4. Home Entertainment
  5. Health & Lifestyle
  6. Home Decorative
  7. Home Building & Renovation
  8. Garden & Outdoor
  9. Related Essentials
  10. Property Projects & Development
Fantastic Offers & Great Bargains for Christmas & Chinese New Year !!

Sign up today and be sure of your participation at the Modern Home & Property Fair 07 ... a great business opportunity not to be missed!

For more information, please contact:
Cyans Event Management
Address: 22-1A, Jalan 3/109C, Taman Abadi Indah, 4th Mile Jalan Klang lama 58100 Kuala Lumpur.
Tel: 603-7980 4321 / 603-7980 8950
Fax: 603-7982 6890
Email: info@bwcyans.com
Find out more Modern Home & Property Fair

Saturday, November 3, 2007

Ninety per cent of One Jelatek units sold in two hours


Offering the right product to the right people at the right place has led to One Jelatek's success

The overwhelming response to Tan & Tan Development Bhd's (TTDB) recently launched One Jelatek condominium project in Ampang suggests that there may be a new rush to buy properties on the periphery of the Kuala Lumpur City Centre.

With prices in the KLCC area skyrocketing to almost RM2,000psf in recent times, projects such as One Jelatek, located just minutes away on Jalan Jelatek and offering units at RM420psf, are generating strong appeal among buyers.

According to TTDB group marketing general manager Kevin Kuok, 90 per cent of the 90 units offered in the 20-storey low-density project were snapped up in an unprecedented record time of just two hours of its launch last week. The remaining 10 per cent are Bumiputera units.

"The Jelatek area, we believe, will be the next focal area for the city ... being not only close to KLCC, but also to Great Eastern Mall, The AmpWalk and the Gleneagles Medical Centre," he said, adding that the vicinity is also well-connected to the rest of the Klang Valley via Jalan Ampang, the Ampang Elevated Highway and two nearby Putra LRT stations.

"This area is, in fact, currently undervalued. Rising values in the city centre are bound to cause a boom there as buyers are constantly on the lookout for intelligent investment opportunities."

However, Kuok asserts that it was more than just location that led to One Jelatek's success, adding that it was the combination of providing "the right product to the right people in the right place" that made the project popular.

Offering one-, two- and threebedroom units in sizes starting from 1,327sq ft, the project targets young urbanites from the "Y generation" who have been growing in affluence and buying power.

"This is a growing market that's worth targeting... a young and affluent crowd of executives, many of whom are involved in the financial sector or are based overseas and earning in foreign currency, and they're eager to make a mark in society.

"With One Jelatek, we aim to give them a chic address, a place that reflects their identity and ambitions as well as help boost their image."

Among the condominium's unique and modern features are sky corridors and a sky deck leisure area that hosts an infinity-edge pool and glass gym, offering a bird's eye view of downtown KL.

By New Straits Times

Redefining urban culture

As developers manoeuvre for prominence in an increasingly competitive marketplace, one of the most striking plays for recognition is taking shape in housing concepts.

Areas that were shunned by developers only a decade ago have now become attractive for development as vibrant commercial enclaves with sophisticated designs, aimed at meeting the growing demand for unique neighbourhoods.

The upbeat economic environment has been instrumental in building an aspiring middle class as well as expanding the number of wealthy individuals. Builders are increasingly aware that homebuyers - even those who have never left their hometowns - are very much in tune with developments elsewhere, giving them a heightened expectation for units to suit their enhanced economic status.



Centrio's lush landscaped gardens add to its allure as a place to work, live and play

A new generation of homeowners - both locals and expatriate workers - are expressing their own ideas of what constitutes a high-quality residence that is also redefining urban culture. They seek connections to the community irrespective of their dwelling, whether it is a compact apartment or an opulent penthouse.

Emerging urban hot spots

Consequently, many developments in emerging urban hot spots are mixed-use projects integrating residential, office, retail, and leisure space within plazas, parks, and promenades.

A high quality life is increasingly associated with a natural environment in the form of access to light, idyllic views, and free flow of breeze.


The iconic design of the d7 boutique offices at Sentul East has captivated those in creative fields as well as professionals such as architects and lawyers.

The attractiveness of this lifestyle is evident in the overwhelming response to YTL Land & Development Bhd's (YTL Land) d7 boutique offices in Sentul East: 100 units were sold within 60 minutes of its pre-launch on Sept 8, 2007. Within three hours all units were gone!

The iconic design of the d7offices has captivated those in creative fields as well as professionals such as architects and lawyers who prefer them to the standard conventional shop-office property.

Set against a backdrop of cosmopolitan urban environment, the d7 commercial precinct integrates its offices with retail and food & beverage outlets nestled within a lavishly landscaped environment complete with water features and artistic sculptures.

With sizes ranging between 870sq ft and 1,500sq ft, the boutique offices are broadband- enabled, enjoy lift access, and are assured of 24-hour security. Prices start from RM380psf.

Modern downtown living

Sentul East forms part of the 294-acre urban renewal project in Sentul that has long been known as a 100- year-old former railway town. Today, the area is thriving spearheaded by YTL Land's condominium developments The Tamarind (completed in 2005) and the Saffron (due for completion in January 2008) that have attracted a new demography of young and upwardly mobile cohorts.

While Sentul East sets the pace for modern downtown living with its eclectic mix of businesses and urban housing, Sentul West is a greenery haven dotted with exclusive homes that will be served by its own precinct of shops and offices that fringe a 35-acre private gated park.

Prior to the debut of d7 in Kuala Lumpur's downtown scene, YTL Land had already tested the Small office-Home office (SoHo) living concept with its launch of Centrio at Pantai Hillpark last November. Eighty units of the SoHo suites were sold in two days, and by end of the first, 179 units or 75 per cent of the total 238 units launched. (To date, 80 per cent have been taken up.)

Lifestyle flexibility

The majority of Centrio's SoHo buyers were from the creative field and entrepreneurs who were drawn to a concept that allows them to work from a home specifically designed with lifestyle flexibility in mind.

The duplex dwellings which sit atop retail and office space feature doublevolume interiors, floor-to-ceiling doors/windows, spacious rooftop gardens, skylights, and open sundecks. They are also broadband connected and Wi-Fi enabled.

Completing the new living concept is a wide array of business and leisure amenities such as a fully-equipped business centre, shared conference rooms, a 50-metre lap pool, gymnasium, and yoga studios. They also contain plenty of parking bays. Security features include a 24-hour multi-tiered security and surveillance system manned by security guards and supported by state-ofthe- art equipment.

The 306-unit Centrio is the sole commercial precinct on a 3.8-acre site within Pantai Hillpark. Priced from RM280psf, SoHo suites, which make up 238 units, have floor areas ranging from 623sq ft to 1,361sq ft.

Of the remaining, 24 units are office suites with private pantries and bathrooms with built-up areas of between 440sq ft and 2,641sq ft; 23 units are duplex boutique garden offices with built-up areas ranging from 920sq ft to 1,469sq ft; and 21 retail units between 661sq ft and 2,821sq ft.

Both d7 and Centrio reflect inventive combinations of "work, live, and play" to create enterprising places with unlimited lifestyle choices that have struck a chord with many homebuyers.

Lim Lay Ying is managing director of Research Inc (Asia), specialising in market research and consultancy for all facets of real estate development. Access past articles, and more, at www.researchinc.com.my. Contact: 03-2092 4966.

By New Straits Times (By Lim Lay Ying)


Mida magic returns with a twist

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Continuing a tradition of honouring design excelllence, this year's awards is the first organised by the country's two interior design bodies.

It will be a historic event for the fraternity of interior designers.

For the first time, the 2007 Malaysian Interior Design Awards (Mida) is being presented by the country's interior design associations, the Malaysian Society of Interior Designers (MSID) and Institut Perekabentuk Dalaman Malaysia (IPDM).

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"The collaboration of MSID and IPDM makes this year's Mida very special," said MSID president Ronnie Choong, who is serving his second term. He is also concurrently council member on the International Federation of Interior Architects/ Designers (IFI).

According to Choong, the move to jointly honour winners is a positive one as it will represent a "doubling of efforts to promote designs that invariably lead to setting higher standards as more design entries are received".

"With the (MSID) Interior Design Awards (IDA) being incorporated as Mida (previously hosted by IPDM alone), we will not be hosting IDA anymore," he said, adding that Mida would set the benchmark for the best design entries for the industry at large.

This view is shared by IPDM president Hussein Hamzah, who believes events such as Mida are needed to make a success of the impending union of the two institutes to represent interior design professionals in the country.

"Rather than have the industry split in two, I'm all for unification," he said, adding that in his role as president of IPDM, he will try to finalise the details of the merger before his term is up for the year.

Hussein, who is founding president of IPDM, said the awards have become better over the years, to such an extent that "Mida has become more of a 'national award', rather than merely being reflective of an award organised by an interior design association".

Larger and grander

Past IPDM president and MIDA organising chairman Chris Yap Seng Chye said this year's theme, "Design Excellence in the 5th Decade", is to reflect the country's 50 years of independence.

IPDM and MSID are not only co-organising Mida, but will also co-host the annual dinner on Nov 7 that will demonstrate a show of unity among interior designers, he said.

Additionally, with the interior design profession being legislated from this year onwards, the combined event is being held to emphasise the significance of the profession, he added.

With the exception of the student category, Mida will only be open to MSID and IPDM members, to highlight the high level of quality demonstrated by professional interior designers, said Yap.

The Mida committee members, who include IPDM secretary Monie Mohariff, MSID council members Associate Prof Mohd Ali Yusop and Associate Prof Hilmiah Ismail, have also made an allocation for lower cost projects.

"In the past no reference was made to project cost, though higher budget projects were favoured to win... this isn't fair to lower valued projects that may also have the potential to win. So we decided to increase in terms of construction costs," he said.

Projects costing below RM120psf nett and those above this level will be judged in two separate categories Yap said, adding that it will apply to the residential, retail and exhibition cateogries.

Given that many developers have come up with impressive show units showcasing emerging lifestyle trends, the organising committee saw it fit to introduce a new category for show units.

"We thought it would only be appropriate to have this category, which also recognises the fact that developers have also assisted in the development of the interior design profession," he said.

A special category for students to showcase their work was also included.

"This will motivate them to explore interior design further while instilling confidence in their skills," added Yap.

By New Straits Times (By Yvonne Yoong)

Sunrise aligns its marque


The 50-year-old Dornbracht name is expecting an eight per cent annual growth on the back of greater worldwide appreciation for premium products, says Andreas (inset)

Dornbracht. Villeroy & Boch. Zeyko. While these names might sound alien to most of us, they certainly are not to those accustomed to fine living. And even less to owners of the high-end luxury condominiums in Kuala Lumpur's Mont' Kiara Integrated Global Village.

In fact, since 2000, the first two aforementioned brands have been incorporated as standard specifications in their homes, used in projects such as the 230-unit Mont' Kiara Damai, 345-unit Mont' Kiara Aman and 336-unit Eleven @ Mont' Kiara.

Dornbracht is regarded as a world market leader in faucet and accessories as is Villeroy & Boch (V&B), which since 1748 has been producing sanitary ware, tableware and ceramic tiles.

To give an understanding of the prestige value and commitment to quality of both brands, their sole distributor for Malaysia, GC Building Technologies (M) Sdn Bhd (GCBT) together with developer of Mont' Kiara, publiclisted Sunrise Bhd, recently flew selected members of the media and some of its purchasers to Germany to visit their factories.

Although a worldwide brand and with a 2006 turnover of 193 million (RM930 million), the Dornbracht factory in the city of Iserlohn, some 220km north of Frankfurt, is the company's only manufacturing facility, producing taps for bathrooms and kitchens that dispense what it describes as "the spirit of water".

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"All our products are 100 per cent made here in Germany," said Andreas Dornbracht, grandson of Aloys F. Dornbracht who founded the family-owned company 50 years ago.

"This is to ensure every item that carries our logo is made to the highest standards."

With 800 employees, he pointed out that the company has today moved up the ranks and is the "leader in the premium segment of the faucet and accessories industry", with an annual turnover constituting a third of the total global value.

"We're not looking to make fashion statements, but products with long-lasting aesthetics and timeless appeal," said Andreas.

"Good style never goes out of fashion."

Dornbracht's products are specified in many five- and sixstar hotels around the world including the opulent Burj Dubai Hotel, and have been garlanded with a host of accolades such as the Good Design Award in 2001 by the Chicago Athenaeum of the United States and the Asia Pacific Brand Laureatte Award in 2006.

Because Sunrise recognises that the bathroom is one space where good and lasting impressions must be made, it has also specified made-in-Germany V&B sanitary ware in some of its projects.

Based in the hamlet of Mettlach, some 340km southwest of Iserlohn, this label with a 260-year heritage manufactures some 12 full design collections comprising water closets, wash basins, bidets and bathtubs.

Of the group's 2006 turnover of 963 million (RM4.62 billion), more than 489 million (RM2.35 billion) or 50 per cent was generated by the division it calls "bathroom and wellness".

It does not fear erosion of future sales despite the opening of China, which has lowered manufacturing costs and shut down operations in many countries.

In fact, V&B said it is still seeing "high growth potential" even in China, where the company is "consistently strengthening its position".

"Our share of foreign business has risen 71 per cent during the last 10 years," it said. Lultwin Gisbert von Boch- Galthau, former chairman of V&B and direct descendant of the Villeroy-Boch family who met the Malaysian contingent at the company's Saareck Castle guesthouse, explained that the growth is coming through the company's focus on creating concepts, not products.

"Creativity is our forte," he said, adding that the success the company is enjoying is possible because of the marque's rich history, reputation, artistry and significance.

Another German label carried by GCBT that Sunrise is considering aligning itself to is Zeyko, a relatively young manufacturer of high-end kitchens.

Although still at the contemplative stage, the 37-year-old company with a turnover of 21 million (RM101 million) has attributes such as attention to detail and innovative designs that could see its kitchen systems being installed in future Sunrise projects.

Already, through GCBT, they can be found in the other super-luxury Duta Villa project in KL�s Bukit Tunku enclave.

Situated in Monchweiler in the famed German Black Forest 270km from Mettlach, the company describes itself as being different from others as it "uses a high percentage of handcraft which guarantees unique pieces of furniture and the very best finish".

Sunrise's Mont' Kiara project has evolved over the past 18 years to become a soughtafter address by both affluent locals and expatriates who collectively make up a daytime population of 15,000.

Winner of both local and international awards for its development efforts, its current mission is to build on its name in order to move to drive the brand to greater heights.

Among the ways it intends to do this is by "walking the talk" and aligning itself with internationally recognised and respected labels known for their "culture, design innovations and firm commitment to quality".

By New Straits Times (By Andrew Wong)

Oh, for the peace of Shah Alam

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Getting claustrophobic about living in the hustle and bustle of Kuala Lumpur's prime areas? Then head westward to Shah Alam for some relief: Taman Seri Kandis and Phase 4B of Bukit Bandaraya may just provide the solution.

Space and style are what the two developments by Kumpulan Lebar Daun (KLD) have to offer. Located in Section 36, Taman Seri Kandis will only have 57 double-storey terraces on 4.75 acres of freehold land.

"Buyers can get houses with bigger land areas in Shah Alam, and at a reasonable price too. We are offering units from RM269,999 for the 20ft by 103ft lots, to a maximum of RM456,999," KLD executive director Noorazhar Muhd Nurdin said at their launch recently.

The company's other project, Phase 4B of Bukit Bandaraya, will be built on 6.29 acres of leasehold land in Section U11, with 69 units of double-storey terraces called Marinha and 19 called Marica.

They will come in dimensions of 20ft by 70ft, with the Marinha homes featuring a built-up area of 2,139sq ft and Marica, 1,789sq ft. Both will have four bedrooms and three bathrooms.

Prices for Marinha range from RM295,000 to RM319,000 and Marica from RM362,626 to RM532,369.

Developed by KLD's wholly owned Lebar Daun Development Sdn Bhd, the RM15.9 million Taman Seri Kandis will be completed by October 2009 and the RM30 million Phase 4B of Bukit Bandaraya two months later.

Work on both projects started recently.

"We are confident of good sales," Noorazhar said, adding that 20 per cent of the units in the two projects have been taken up.

Besides several "mamak" restaurants, the other amenities available in the area include convenience stores, boutiques, food stores, banks, recreational facilities, shopping malls and hypermarkets.

KLD's other projects in Shah Alam, include the 163-acre D'Kayangan and 297-acre Bukit Bandaraya adjacent to the Bukit Seri Cahaya Agricultural Park, have a total gross development value of RM2.8 billion.

These two are mixed developments in Section 13 and Section U11, which are currently 40 per cent completed. D'Kayangan is expected to be completed by 2014 while Bukit Bandaraya in the next seven years.

KLD has a landbank of close to 1,000 acres around the Klang Valley, 60 per cent of it still unutilised. It is also planning a triple-tower business centre and a mixed development in Section U10.

By New Straits Times (By Zuhaila Sedek)

S.P. Setia's Liew is Property Man of the Year

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The "Property Man of the Year 2007", presented by the Malaysian chapter of the International Real Estate Federation (Fiabci), went to S.P. Setia Bhd managing director and chief executive officer Tan Sri Liew Kee Sin.

Liew received the award from the Sultan of Selangor, His Royal Highness Sultan Sharafuddin Idris Shah ibni Sultan Salahuddin, who was guest-of-honour at Fiabci Malaysia's annual awards ceremony in Bandar Utama, Petaling Jaya, last Saturday.

This is the 15th year of the Malaysia Property Awards, which attracted more than 50 entries in various categories this time around.

The other winners are:

- YTL Land & Development Bhd for the Sentul West and Sentul East master plan, in the Master Plan category;

- Beneton Properties Sdn Bhd for Stonor Park in the Residential Development (Highrise) category;

- Leisure Farm Corp Sdn Bhd for Pinggiran Bayou Village in the Residential Development (Lowrise) category;

- Resorts World Bhd for Genting Highlands Resort in the Resort Development category;

- Y.S. Tang Holdings Sdn Bhd for KB Mall in the Retail Development category;

- Laurent Lim Architect for the Sultan Abdul Aziz Royal Gallery under the Specialised Project category;

- Persada Johor International Convention Centre for the convention centre of the same name in Johor Baru, under the Specialised Project category; and

- YTL Corp Bhd for the Kuala Lumpur Performing Arts Centre, under the Special Award for National Contribution category.

The citation for Liew said "dedicated employees and execution power were the twin driving forces" that spearheaded the transformation of S.P. Setia from a RM200 million company in 1998 into the largest developer today, with market capitalisation in excess of RM5 billion.

Malaysia Property Award winners get to vie for the prestigious Prix d'Excellence, awarded by the Paris-based Fiabci.

Four of last year's winners were recently awarded the Prix d'Excellence. They are Setia Eco Park in the Master Plan Development category; Cyberjaya in the Office/Industrial category; the Hilton Hotel for Hotel Development category and 1 Utama Shopping Centre for the Retail Development category.

By New Straits Times

ParkVilles Townhouses expected to sell well

By The Star

KUALA LUMPUR: Bukit Hitam Development Sdn Bhd, the township developer of Bukit Puchong, is confident of good sales for its latest garden-themed homes, ParkVilles Townhouses.

The sales are expected to be spurred by the success of Ametis Terraces, as well as the burgeoning growth of the Puchong property scene.

General manager Lim Jee Kong said the take-up rate for the company’s Ametis Terraces had been encouraging as Bukit Hitam was moving towards high-end developments.

He attributed the achievement to the township’s location in Klang Valley’s third growth triangle – encompassing KL International Airport, WestPort and Kuala Lumpur – and discerning homeowners.

“Investing in ParkVilles Townhouses allows buyers to own a piece of reasonably priced freehold property in a thriving, well-planned integrated township, which upon completion, will be equipped with high quality finishes and full-fledged amenities of modern city living,” he said in a statement yesterday.


An artist’s impression of ParkVilles Townhouses

ParkVilles Townhouses is a 16-acre gated development comprising three-storey townhouses and a park that offers homeowners the elegance of Australasian evergreens. The developer has also appointed renowned landscape architect Yap Nga Tuan for landscaping design.

The project, which has a gross development value of RM85mil, is scheduled for completion by October 2010.

Prices for the intermediate units range from RM218,888 to RM223,888.

RM577m offer for Glomac Tower

By The Star

PETALING JAYA: Glomac Bhd’s joint venture (JV) company Glomac Al Batha Sdn Bhd received an attractive offer price of RM577mil for its 40-storey Glomac Tower next to Petronas Twin Towers, said AmResearch.

“An earnest deposit of 2% of the purchase consideration has been paid by Prestige Scale Sdn Bhd,” it said, adding that the company’s details were not disclosed.

The building, on which construction will start next year, sits on a 57,025 sq ft piece of land Glomac bought in November last year for RM1,000 per sq ft (psf), it said.

According to the report, the plot ratio obtained by Glomac was 12 times, hence using an efficiency ratio of 75%, the average selling price for Glomac Tower worked out to be circa RM1,120 psf, noting that this was a new benchmark for office space.

Analysts believe that the sale would have a positive impact on Glomac, seeing that it would free some working capital for Glomac, given the potentially high development cost, and the attractive selling price of around RM1,000 psf when there is no guarantee that the buoyant office cycle would hold up when the building is completed by 2011.

Assuming the rental cycle for prime office space in Golden Triangle holds at RM7 psf and a service charge of RM1.50 psf, the capital rate is circa 7%, said AmResearch.

Glomac Al Batha Sdn Bhd is a 51%: 49% JV between Glomac and Al Batha Group from United Arab Emirates. It was set up to jointly develop Glomac Tower, AmResearch said.

However, the research house is retaining its “hold” recommendation on Glomac with an unchanged target price of RM1.46, based on 15% discount to its net asset value estimates.

Meanwhile, another research house said the sale of Glomac Tower at RM577mil, which would be completed by year-end, is 15% higher than the research house’s projected gross development value (GDV) of RM500mil, although it was 4% lower than the management’s target GDV of RM600mil.

It added that the variance was largely due to the research house’s conservative assumptions on the project’s plot ratio of 10, compared with Glomac’s targeted 13.

The research house is maintaining its market perform rating on the stock.

Based on Bloomberg consensus, TA Securities Holdings Bhd and ECM Libra Avenue Bhd have a “buy” call on the counter, with a target price of RM2.10 and RM2.00 respectively.

The stock closed 3 sen higher at RM1.44 yesterday. - by Shannen Wong