South Korea’s Hyundai Rotem wins contract to supply 232 trains for MRT Line 2 Registration

The company announced last Friday that it struck a deal to offer a total of 232 train-car units to state-owned Mass Rapid Transit Corporation Sdn Bhd (MRT Corp).

The trains will run along the 52km-long line from Sungai Buloh to Putrajaya under MRT Line 2 that is scheduled to open in 2022.

The rolling stock manufacturer is set to start producing the train units in June with an aim to deliver the first stocks in early 2020 and complete the delivery of the total 232 units by the first half of 2022.

Germany’s Siemens AG via its local venture had won in 2014 the contract to supply 58 units of Inspiro driverless metro trains for MRT Line 1. The trains are currently undergoing testing, and the 51km line will commence operation in December 2016 for phase one and by July 2017 for phase two.

Malaysia is a country where Hyundai Rotem has won the largest number of train orders in Asia since it first set foot in the market in 1973. It supplied 1,753 trains to the country, including 66 electric train units in 1995 and 30 semi-high speed train units that run at a speed of 160km per hour in 2008.

Hyundai Rotem has also won a series of supply contracts so far this year from the Philippines, Turkey and the New Zealand. The latest deal is expected to further strengthen its position in Malaysia, said an unnamed official from the company.

Separately, the company says that it also won an open tender launched by state-owned Korea Railroad Corp. (Korail) to deliver 250km per hour class high-speed electric multiple unit (HEMU) trains.

The trains will be supplied for the 300.6km-long Gyeongjeon Line’s new branch route connecting Bujeon station in Busan and Masan, a southern coastal city in Korea. The new route is scheduled to open in 2020.

Binastra Land signed up Mercure Hotel; plans tallest residential twin towers in Kuala Lumpur Registration

Slated for completion in 2020, the 260 rooms hotel will be 56 storeys tall.

Located next to the Southgate commercial centre and opposite the old Sungai Besi Royal Malaysian Air Force Base known as the Bandar Malaysia development, the 4-acre mixed-use development will also feature twin-towers of serviced apartments and retail components.

Built on freehold land, the entire development has an estimated gross development value (GDV) of RM1.3 billion.

“We are delighted to welcome Mercure-branded hotel to Peninsular Malaysia and to bring this exciting new development to Sungai Besi. We look forward to working with AccorHotels to inject more vitality in the vicinity,” said Dato’ Sri Michael Tan, chief executive officer and managing director of BLSB.

“I am confident that this contemporary new hotel will add to the appeal of the Sungai Besi business hub and introduce AccorHotels’ well-known hospitality to guests and residents. Our hotel will contribute to the ongoing economic success of the area and its residents’ desire for modern accommodations, excellent service and exciting places to eat and drink.”

“Strategically located within city limits, the development will revitalize the area without jeopardizing its identity, and achieve sustainable urban growth by bringing people back to reside in the city.”

Garth Simmons, chief operating officer, AccorHotels for Malaysia, Indonesia and Singapore said, “Partnering with BLSB, the newly-built Mercure Kuala Lumpur Trion will become another AccorHotels brand landmark in Peninsular Malaysia. The Mercure brand offers an authentic experience rooted in their local community and the strength of international network of more than 700 hotels in 56 countries, with a strong quality commitment and warm experience of the hotels.”

Elaborating more on the mixed- use development, BLSB’S property development general manager Steven Ooi Hock Ang said it will be known as Trion Kuala Lumpur.

“Trion will be an iconic development with the tallest twin-tower residential building in Malaysia at 66 storeys.”

“As Binastra Land’s flagship development in Sungai Besi, this integrated development is set to become a new buzzword in the definition of ‘Live, Work, Play‘. “

 

About Binastra Land

Binastra Land Sdn Bhd has completed quality houses, apartments, condominiums, commercial premises and industrial spaces in the Klang Valley and is known for its dedication to building spaces that will enrich the lives of the community.

In 2014, Binastra Land was recognised by the prestigious International Property Awards for excellent architecture at The Park @ Bukit Serdang.

Some of recently completed projects are CyberSquare @ Cyberjaya, 32 Avenue Phase 2 @ Bukit Serdang and Megah 18 Phase 2 @ Bukit Jelutong. Its latest project, CitiZen@Old Klang Road offering 711 serviced apartments has sold 80% up to date.

For further enquiries please contact : Tony Lee +6012-2766781 / This email address is being protected from spambots. You need JavaScript enabled to view it.n ]]> (or) visit http://www.binastra.com.my.

 

About AccorHotels

AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome. Over 180,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.

AccorHotels is the world’s leading hotel operator and offers its customers, partners and employees:

  • its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);
  • a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Mercure, Mama Shelter, Adagio), and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;
  • a powerful marketplace and loyalty program Le Club AccorHotels; and
  • almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.

Accor SA shares are listed on the Euronext Paris exchange and traded in the USA on the OTC marketplace.

 

Developer’s official press release statement for PTLM.

Springfield Residences at Setia EcoHill 2 launching next month Registration

In 2013, the group launched the highly successful Setia EcoHill township, which has a gross development value (GDV) of RM4 billion.

The first three phases are fully sold and the last phase, launched in 3Q2015, is 70% taken up.

Setia EcoHill’s success spurred the group to launch Setia EcoHill 2, which is located a mere 3km away.

“For Setia EcoHill 2, the focus will be on nature,” says Koh Sooi Meng, deputy general manager of Setia EcoHill 2.

“Our strength lies in landscaping. The township is inspired by the three key elements of nature — air, water and earth. We intend to preserve the natural undulating terrain and create new recreational areas along the slopes leading up to Bukit Tempurung (near Semenyih).”

“We also plan to plant more than 10,000 trees around the township.”

“When we first acquired this piece of land, we noticed something special about it — the water bodies, the terrain and the greenery. Then, our architects studied the features of the area and recognised three distinctive landscapes — wetlands, woodlands and highlands. The natural surroundings also ensure good feng shui. These are the unique features of the township, which are hard to come by.”

 

Targeting owner-occupiers

S P Setia is set to launch the first phase of Setia EcoHill 2 — Springfield Residences — next month. Koh says the show units are now open for viewing.

“We are targeting young couples, families and upgraders who are owner-occupiers from the surrounding areas as well as nearby suburbs of Cheras, Seri Kembangan, Petaling Jaya, Damansara, USJ, Klang and Shah Alam,” he says.

Springfield Residences, which has a GDV of RM228 million, will occupy 180 acres. It will consist of 258 units of 2-storey terraced houses and 96 units of cluster or linked semi-detached homes.

The terraced houses will come in three designs: Alexus (4 bedrooms + 3 bathrooms, with a built-up of 1,859 sq ft), Banyas (4 bedrooms + 3 bathrooms, with a built-up of 1,909 sq ft) and Clarus (4+1 bedrooms + 4 bathrooms, with built-ups of 2,155 to 2,148 sq ft).

The semidees, Everna, will have 4 bedrooms and 4 bathrooms and a built-up of 2,028 sq ft. The lot sizes of Alexus, Banyas, Clarus and Everna are 20ft by 65ft, 20ft by 70ft, 22ft by 70ft and 32ft by 60ft respectively.

The houses are priced between RM553,000 and RM668,000 and scheduled for completion in mid-2018.

More than 80 acres in Setia EcoHill 2 are earmarked for eight nature-themed parks, says Koh. To reduce the township’s carbon footprint, the developer will build an 18km bicycle path.

The township will also boast an 11-acre hill park and a nature-inspired clubhouse called 360° Club House at the highest point of Setia EcoHill 2, which will feature an Olympic-sized swimming pool and a multi-sports centre.

“One of the striking features of the township will be the basil leaf-inspired roundabout, which channels traffic to the directions of the eight parks. There will also be two pavilions — one resembling a beehive and the other, a bird’s nest — for the residents to enjoy nature from a high point without disturbing the natural environment.”

The group is offering house buyers a 10:90 package for Springfield Residences. Koh says buyers need to pay only 10% of the price of the house now, and the remaining 90% when the property is completed.

He also says the township will have easy access to the Kajang-Seremban Highway (LEKAS). “Residents will find it easy to travel to Kajang, Cheras, Putrajaya, Seremban and Kuala Lumpur.”

Setia EcoHill 2 is also connected to the North-South Expressway, South Klang Valley Expressway and Sistem Lingkaran Lebuhraya Kajang Highway.

Koh says the group has allocated RM50 million for the extension of a link to LEKAS. “Earthworks for the 3km extension started last month and we expect it to be completed next year.”

He highlights that amenities within a 20km radius include Tesco hypermarket and eateries such as McDonald’s, Pizza Hut and KFC. Educational institutions nearby include Sekolah Kebangsaan Kampung Rinching, Nottingham University (Malaysian campus), German-Malaysian Institute, Kolej Tuanku Jaafar and Universiti Putra Malaysia.

 

Demand in Semenyih

“We are confident that Semenyih will continue to grow. As it is, many developers are building here. We foresee prices rising in the future,” Koh says, adding that property values in Semenyih typically grow 25% to 30% annually.

Other developments taking shape in Semenyih include Eco Majestic by Eco World Development Group Bhd, Diamond City by a joint venture between Country Garden and Myland, Brogaville by I&P Bhd, Camelia Residence by Majestic Group and Tiara South by Kueen Lai Group of Companies.

Stanley Toh, a director at LaurelCap Sdn Bhd, says terraced houses are the best-selling residential property in the area.

“Landed homes in Semenyih can fetch rents of between 50 sen and 60 sen psf. The yield is 2% to 3%, depending on the location. House prices range from RM250 to RM400 psf.

As for non-landed homes, rents range from 60 sen to 90 sen psf, depending on the location and facilities. The yield is 3.5% to 4.5%. The prices of older apartments and condominiums are between RM180 and RM300 psf. For the newer ones, it’s RM350 to RM400 psf,” he says.

 

 

A balanced township

Setia EcoHill 2, which will also have a commercial component, has a GDV of RM5 billion. Its net sellable area is about 500 acres — 382 acres for homes and 119 acres for commercial properties. The remaining 510 acres will be for amenities, landscaping and common areas.

Setia EcoHill 2 is expected to be developed in 18 phases over the next 10 years.

According to S P Setia’s plan, the township will have 8,024 homes — 2,284 terraced houses, 1,300 semidees, 306 zero-lot bungalows, 109 bungalows, 1,610 low-cost high-rise units and 2,415 low medium-cost and medium-cost high-rise units.

There will also be 13 commercial plots of between 1 and 18.9 acres.

The group is currently in talks with private educational institutions to set up an international school on a 35.9-acre parcel.

In an effort to promote a love for nature, S P Setia plans to have over 300 species of trees and wildlife such as birds, squirrels and insects in Setia EcoHill 2.

Koh reveals that they have approached Malaysia Nature Society to find ways to promote environmental and nature preservation in the township.

He says after Springfield Residences, the group is looking at launching the commercial component. “We plan to launch 100 commercial properties with a GDV of RM200 million.

“We hope Setia EcoHill 2 will become a prosperous community with the natural greenery and wildlife maintained.”

 

Original article: Setia EcoHill 2 to launch first phase next month. This article courtesy of The Edge, City & Country, a pullout of The Edge Malaysia Weekly, on 23 May 2016. 

Impressive turnout at the preview of Sunway Mont Residences on Sunday Registration

The sales gallery is located at Plaza Mont Kiara, opposite McDonald’s, and the concept show unit (partial size) was previewed to all members of the public for the first time.

Sunway Mont Residences, which is located in the upclass, international community surburb of Mont Kiara, offers 288 units of luxury condominiums suitable for working professionals and upgraders. Its exact location is on Jalan Kiara 5.

The condominium will be housed in a single 38-storey block and a 7-storey carpark podium with one level of sub-basement.

It will feature modern and rustic feel in its architectural designs while emphasizing on wide living spaces and unobstructed views of the greeneries surrounding the development.

The residences offer 5 types of built-up sizes, which are Type A1/A2: 1,122 sq ft/1,125 sq ft (2+1 bedder); Type B1: 1,365 sq ft (3+1 bedder); Type C1: 1,609 sq ft (4+1 bedder); Type D1: 1,695 sq ft (3+1 bedder and 1 studio); and Type E1: 1,906 sq ft (3+1 bedder and 1 studio).

The indicative selling price starts from RM880,000. Both Type D1 and E1 are dual-key units. There are 10 units per typical floor and served by 3 passenger and 1 service lifts.

Sunway Bhd will be opening Sunway Mont Residences for sales booking next Saturday, 28 May 2016. The booking fee is RM15,000.

Recently, Sunway Bhd had introduced special offerings under its Sunway Property Certainty Campaign, which includes up to 88% financial assistance to home buyers under a unique ownership campaign as the developer seeks to boost sales.

The campaign – which will offer (1) guaranteed loan, (2) deferred payment plan and a (3) voluntary exit plan – covers all Sunway projects in Malaysia from today until 31 September.

The Opening of Sales Gallery 22 May 2016

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Pantai Sentral Park’s first commercial development to be launched by end-2016 Registration

“It will comprise a 30-storey office tower, the IJM Tower, and (annexed with) a 36-storey service apartment. We are still working on the design and number of units,” he told TheEdgeProperty.com during an interview.

He noted that the office tower which is situated at Parcel 13 in Pantai Sentral Park will also be IJM’s future corporate office.

 

The proposed IJM Tower will be the Group’s corporate headquarters housing its core business divisions.

 

 

“Besides offices, the 30-storey IJM Tower will also comprise retail components which will be owned by the Group. The planned retail and F&B outlets will cater for the needs of the working population as well as the residents in the future,” he added.

Hoo noted that unlike the residential components launched in the last two years, the upcoming service apartment will cater for younger people in the workforce or young couples who want to stay in a smaller unit in a commercial zone.

He said the built-up sizes of the 1-bedroom service apartments will range from 600 sq ft to 1,000 sq ft and is expected to be completed in 2019.

However, he declined to disclose the estimated selling price for them.

Other than the upcoming commercial development, IJM Land is now planning for affordable homes in Pantai Sentral Park which are expected to be unveiled next year.

“Initially, we planned to launch 432 units of affordable homes, but now we have increased the number to 700 or 800 units. We are now working on the design and price,” he said.

He said the developer plans to allocate about 5 to 8 acres of land for the affordable homes which will have a built-up of 850 sq ft and consist of three bedrooms and two bathrooms.

IJM Land, the property development arm of IJM Corp Bhd, is jointly developing the 58-acre Pantai Sentral Park which has a GDV of RM2.5 billion with landowner Amona Development Sdn Bhd.

The leasehold development is divided into 13 phases, out of which seven will be residential and six commercial. Pantai Sentral Park is next to 200-acre forest park.

IJM Land launched the first two residential phases – Inwood Residences and Secoya Residences – in 2014 and 2015, respectively, and they are slated to be completed by 2018.

Currently, the 38-storey Inwood Residences has achieved a take-up rate of 80% and construction has reached level six. There are 211 units of condos, with sizes ranging from 1,125 sq ft to 1,965 sq ft.

Meanwhile, half of the 243 units at Secoya Residences have been taken up. The units in the 41-storey development range between 1,050 sq ft and 1,670 sq ft.

 

Secoya Residences is inspired by the tallest and mightiest living tree in the world, the Sequoia Sempervirens.

 

 

On the capital appreciation, Hoo said the average selling price of the residential development has increased at a steady pace thanks to its strategic location, amenities, environment and accessibility to Kuala Lumpur city as well as Petaling Jaya and other areas.

“For instance, Inwood Residences’ selling price which averaged RM680 psf during the launching period is now selling for RM750 to RM780 psf. Secoya Residences which was launched one year later after Inwood Residences is selling at RM780 to RM800 psf,” he said.

 

 

Tech giant Apple has plans to open first retail store in Malaysia Registration

The tech giant also has similar, immediate plans to set up an Apple Store in neighbouring Singapore, at the Knightsbridge on the popular Orchard Road. The store is expected to open later this year.

“If the Kuala Lumpur store is approved, it will be a major milestone for Apple’s presence in Malaysia, and it will be the second Apple Store in the Southeast Asia region,” according to the source.

“The challenge now is to find the right location, possibly in the heart of Kuala Lumpur’s shopping district. It has to be located in an iconic and high traffic area. It will be a major boost for the local retail industry,” he added.

It was said that an Apple Store not only attracts domestic visitors, but also regional and global tourists.

According to IDC, a global market intelligence firm, the smartphone market in Malaysia is dominated by South Korean giant Samsung.

Smartphone brands such as Asus, Huawei and Lenovo are notable competitors and have been gaining market share with new product launches. The fastest growing brands are China-based brands such as OPPO, Xiaomi and OnePlus.

Apple currently sells its products in Malaysia through its Online Store and authorised reseller chains in the country.

With 14 stores, Machines Sdn Bhd is currently the largest Premium Reseller in Malaysia. It is also an Apple Authorised Service Provider and retails a large range of Apple gadget accessories.

Another Apple reseller in the country is Mac City Sdn Bhd, which has 12 stores nationwide, and Singapore-based EpiCentre has 6 stores in Malaysia.

Most recently, India was the latest country that Apple Inc. announced its intention to open an Apple Store. It plans to open within 18 months from the announcement.

This year alone, it was reported that Apple plans to open 50 stores worldwide, 75% of which will be located outside the United States.

Apple currently has a direct retail presence in 17 countries – Australia, Belgium, Brazil, Canada, China, France, Germany, Italy, Japan, the Netherlands, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, the United Kingdom and the United States.

China is expected to be Apple’s biggest market in coming years. Apple opened its 33rd store in Qingdao, China on 30 January this year with the goal of hitting 40 stores by end of this year.

It was reported that across Southeast Asia, which counts a cumulative population of over 500 million, sales of smartphones grew by 66% year-on-year to reach 24 million units by the first quarter of 2015.

Smartphones with 4G capability accounted for 25% of the total smartphone market share.

While that volume is far below China or the United States, the regional market is far from saturated — unlike China and the West — and that means opportunity for companies like Apple.

Over the years, brands such as Samsung, Lenovo and Huawei have expanded their retail store presence in Malaysian malls.

*** *** ***

Meanwhile, in another news, leading Japanese video game publisher Bandai Namco Entertainment Inc. has confirmed that it will be opening a sales office in Kuala Lumpur this coming third quarter.

Malaysia is one of Bandai Namco’s key markets within the region.

Bandai Namco’s presence in the Malaysian market will help the company strengthen its growth plans for the Southeast Asian market, which has a relatively young demographic and growing population.

 

Hundreds queued since the day before for first phase launch of Setia Eco Templer Registration

Located on the former site of the Perangsang Templer Golf Club in Templer Park, Rawang, the masterplan for Setia Eco Templer features English, Balinese or Peranakan themed architectural designs.

Hundreds of homebuyers who already placed a RM10,000 booking fee earlier turned up this morning at the unit selection event to secure their choice homes. The event was held at the Setia Eco Templer show gallery, which was the former clubhouse being used for the township sales.

Most of the buyers are from Rawang, Kepong, Selayang and some are from Sungai Buloh and Petaling Jaya.

The 195-acre, mid-sized township sits between Rawang and Selayang, and was founded on nature and the environment as it is next to the breathtaking, acclaimed Kentaro Sato-designed Templer Park Golf & Country Club and a forest reserve of more than 1,000 ha.

It is a joint-venture development between Setia Eco Templer Sdn Bhd, a subsidiary of S P Setia, and Cash Band (M) Bhd, a subsidiary of Selangor state government-linked company Kumpulan Hartanah Selangor Bhd.

The pristine green surroundings will be its main selling point. There are also a couple of limestone hills in the area. Besides that, it is relatively close to the city – 25km away from Kuala Lumpur city centre and 10km from the Rawang main commercial area.

The master-planned township project, which boasts nine rivers, creeks and other water systems that S P Setia executive vice president Datuk Koe Peng Kang believes will make the project “legendary”, has a total gross development value (GDV) of RM2 billion.

There is a lake, a river and eight natural streams which flow from the adjacent limestone hills into the township. Each of them will be distinctive. That is the reason why Setia Eco Templer comes with a tagline: The Legend of Nine Creeks.

The river and streams have been given British names in honour of Sir Gerald Templer’s British origins. As historical record showed, Templer Park was named after Sir Gerald Templer, a British High Commissioner in Malaya between 1952 and 1954.

The nine rivers and streams are called Carson Creek, Alresford Creek, Bramble Creek, Oakley Creek, Cedar Creek, Benfleet Creek, Lawling Creek, Flag Creek and Turtle Creek.

The first phase is Carson Creek, the longest creek of all nine running through the whole development with eight smaller creeks joining along various points of its passage.

Carson Creek features Essex Gardens, amidst English-themed pocket parks and landscaped gardens as well as old English architectural designs.

As an example, one of the jewel pocket park is the Amethyst Arbour Garden, where there will be intricate arches, blossoms of flowers with hues of mild purple and a soothing fountain. Another is the Emerald Labyrinth Garden where pristine hedgegrows, potted greens and mini maze corners are dotted alongside cobblestone pathways.

Meanwhile, the Jewel Garden is a typical stone-paved garden with arched hedges and rustic wooden trellises and swings. Essex Play Park will be the centre of attraction for the family as children enjoy swings and a maze garden in a play setting.

Carson Creek comprises 234 units of linked villas, which are essentially 2-storey terrace homes (176 units), 2-storey semi-detached homes (52 units) and 2-storey bungalow homes (6 units). The completion of the first phase is May 2019.

The linked villas have land areas of 22′ x 80′ (76 units of Shelly Link Villa – 4+1 bedder), 24′ x 80′ (66 units of Tilbury Link Villa – 4+1 bedder) and 26′ x 85′ (34 units of Albion Link Villa – 5+1 bedder); with built-ups of 2,394 sq ft, 2,626 sq ft and 2,965 sq ft respectively.

The linked villas have an open plan dining, French windows with balconies reminiscent of old European charm, and a landscaped walkway between homes. The living areas face the rear of each home with the dining and kitchen closest to the car porch.

The semi-Dees have land areas of 41′ x 95′, comprising of Darlington – 4+1 bedder and Oakley – 5+1 bedder; and built-ups of 3,481 sq ft and 3,492 sq ft respectively. They all have high ceilings, and for the Darlington option, it will have two master bedrooms (front and rear) and a distinctive garage built away from the street.

The limited-edition Windsor bungalows each have a land area of 75′ x 85′ with built-up of 4,214 sq ft. It will have 5+1 bedder and noticeable by its pitched roof with earth toned facades.

Its unique features are the double-height living space attached with a verendah area and a large outdoor terrace at the outside of the dining area, which are ideal for family activities.

Prices of the units range from RM850,000 for the linked villas to RM1.7 million for the semi-detached homes while the bungalows are priced at approximately RM 2.8 million.

The monthly maintenance fee is estimated to be not more than RM0.20 psf based on the land area.

The second phase is Alresford Creek and will only be launched next year.

According to the developer, the natural rivers, streams and undulating terrains will not be altered and the nature’s sanctuary will not be intruded. It was said that the temperature here is 1 to 2 degrees lower than the city.

The first phase will be sold on a 10:90 package, similar to how properties are sold in Australia. The homebuyer pays only 10% of the price and the rest upon completion of the home after he takes vacant possession, example in 36 months time.

“This provides great financial flexibility and freedom of up to three years for purchasers’ financing options and they will not have to miss out on investment opportunities that benefit them in the future,” said S P Setia in a statement.

The leasehold township will comprise gated and guarded communities with a total of 900 units of landed homes as well as 900 units of affordable housing. As such the township has a low density of only 9.5 units per acre.

The homes will be supported by the palatial clubhouse, to service residents’ leisure needs. The clubhouse will have an Olympic-sized swimming pool, gymnasium, a wellness centre, a grand ballroom, function rooms, and F&B outlets, among others.

“We have a Chinese restaurant that will open in three months. It can fit up to 70 tables. They already have three weddings that will be held there,” Datuk Koe said.

“We are currently seeking for operators to run a convenience store, a Japanese restaurant and a café as there are no such businesses nearby,” he said.

This is the company’s first major offering since 2014 under a new leadership that has been confirmed only recently by its largest shareholder, Permodalan Nasional Bhd (PNB).

As part of its rebranding exercise, this launch also marks a fresh new identity for one of Malaysia’s most well-known property developer.

Later this year, S P Setia intends to launch 900 units of affordable apartments under the Rumah Selangorku scheme. It will be located on the southernmost side of the township, adjacent to the main gateway, south of the Lawling Creek.

They will have a selling price ranging from RM150,000 to RM400,000 for sizes ranging from 700 to 1,000 sq ft.

Because proximity to amenities are important, the township will also have a 5-acre commercial zone which will be developed in-line with the completion of residential components. The commercial zone will comprise of 2 to 3-storey commercial shop-offices.

Land for a proposed government school will be provided adjacent to the Rumah Selangorku. The entire township development is slated for completion in 8 to 10 years.

To counter future issues of congestion, the developer will build additional infrastructure and improve liveability and security features. The nearest home to an existing electric pylon line will be at least 1km away.

A new road interchange costing approximately RM25 million will be built to directly link Jalan Ipoh so that future residents do not need to u-turn to reach the township. It will be completed before the first phase homes are handed over.

Last month, the AmBank Group had granted RM315 million banking facilities for the development of the township. The bank also granted a RM200 million working capital term loan to S P Setia for the early commencement of the first phase next month.

The Grand Launch of A Legend 14-15 May 2016

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French sports retail giant Decathlon is coming to Malaysia Registration

The retailer’s flagship store will cover some 2,508 sq m (27,000 sq ft) of the Megastore’s lower ground, which includes testing zones for cycling, hiking, fitness, running, golfing, scooter-riding and skateboarding.

Customers can also try out products for diving, surfing and swimming before buying.

Courts Malaysia Country chief executive officer Curtis Tobal said the entry of the leading electrical, IT and furniture retailer was in line with Courts’ plans and concept to transform its Sri Damansara premises into a megamall, which houses a Courts Megastore and other tenants showcasing a range of goods and experiences.

This one-stop retail entertainment centre is the first for the brand in Malaysia and aims to provide more value and variety to customers.

While Decathlon is the first to open its doors at Sri Damansara, Courts is looking to expand its mix of tenants to include other retail as well as food and beverage outlets in the near future.

“We are very happy to have Decathlon as one of the first anchor tenants at our Sri Damansara Megastore.

“As we are looking to continuously improve and enhance our store offerings, we believe they will be able to complement our product offerings at Courts, providing value-and time-conscious customers who are seeking aspirational home and lifestyle essentials a holistic shopping experience,” said Tobal.

More than 95,000 apparel, equipment and footwear products – from tennis rackets to scuba-diving equipment – will be available at the store.

These products will cover 60 types of sports and will be sold under the company’s 21 home brands, such as hiking brand, Quechua and its water sports brand Tribord.

Each of Decathlon’s brands represent a different sport or group of sports, with a dedicated product development and design team. Besides sports equipments, Decathlon’s products include accessories, bags, binoculars, nutritional supplements, clothing and apparel for women, men and kids.

The brands include Aptonia, Artengo, B’Twin, Caperlan, Domyos, Fouganza, Geologic, Geonaute, Kalenji, Kipsta, Inesis, Nabaiji, Newfeel, Oxelo, Quechua, Simond, Solognac, Tribord, Wed’ze, and others. 

“At Decathlon, we place innovation at the heart of our activities as we stress the importance of every aspect of our retail initiatives, from research to conception, production to logistics.

“Like Courts, our commitment is to provide the best customer service, value and products at the lowest possible prices.

“Our shared brand beliefs and values is why we have chosen to set up our business here at their store,” said Country chief executive officer of Decathlon Tom Meng.

“Since 2013, Malaysians have been supporting us via our e-commerce site. Our physical store is an important part of our omni-channel strategy to better interact and serve our customers,” he added.

Decathlon has over 1,000 stores in over 25 nations. It launched its flagship stores in Southeast Asia earlier this year, opening two stores in Singapore and nine in Thailand.

 

News Source: The Star, Metro, 11 May 2016

Malaysia’s first Oakwood Hotel & Residence opens in September this year Registration

“We have invested RM50 million for the renovation and upgrading of the Oakwood Hotel & Residences Kuala Lumpur.”

“The refreshed development will meet the varied needs of leisure and business travellers,” Plenitude chairman Elsie Chua told reporters during the press conference after the partnership signing ceremony between the two companies.

Plenitude has appointed Oakwood Asia Pacific Ltd to manage and operate Oakwood Hotel & Residences Kuala Lumpur, located along Jalan Ampang in the popular Embassy Row area.

The hotel has been closed for refurbishment since March 2015 after its owner Nomad Group was acquired by Plenitude.

Upon completion, the 22-storey Oakwood Hotel & Residences will comprise 252 units of service apartments with facilities such as a swimming pool, a children’s wading pool, a convenient store, gymnasium and restaurant as well as meeting rooms and ballroom facilities.

“Oakwood Hotel & Residences Kuala Lumpur will be offering about 72 studio apartments and 180 units of one and two-bedroom hotel suites,” Chua added.

Oakwood Asia Pacific managing director Dean Schreiber said this will also be the first hotel and residence property under the Oakwood brand in the Asia Pacific.

“The strategic location of the property on Jalan Ampang has set a perfect starting point for Oakwood Asia Pacific. We expect to achieve 70% of occupancy rate after the operation starts in September,” he added.

Oakwood Hotel & Residences Kuala Lumpur is the operator’s 28th Oakwood brand property across 16 cities in Asia.

Schreiber said the company plans to unveil nine hospitality properties this year in Singapore, Vietnam, Japan and China.

Oakwood Asia Pacific had recently launched its hotel in Brisbane, Australia in January.

Meanwhile, Plenitude is diversifying its portfolio into the hospitality segment and expects the revenue contribution from the segment to increase to about 30% in near term from 5% to 10% currently.

Other than Nomad SuCasa Hotel, Plenitude has another three hospitality properties under the Nomad Group, namely the 295-room Novotel Kuala Lumpur City Centre, the 131-room GLOW Penang and a 66-suite serviced residences known as The Nomad Serviced Residences Bangsar.

Plenitude also owns two hotels in Penang, which are Four Points by Sheraton Penang and the Gurney Resort Hotel & Residences.

Typically, Oakwood worldwide has four brands, namely Oakwood Premier, Oakwood Studios, Oakwood Residence and Oakwood Apartments.

 

News Source: The Edge Property, 9 May 2016

Facebook officially launched its first Malaysian office in KL Sentral Registration

The office is located at the capital’s commercial centre, KL Sentral.

Facebook Southeast Asia managing director Kenneth Bishop said the launch of its office here marked a milestone for Facebook in Malaysia.

Facebook Asia Pacific vice president Dan Neary said the establishment of the local office is to facilitate companies and businesses in Malaysia in marketing their businesses through the platform provided by Facebook.

Both Bishop and Neary were speaking at a press conference held during its launching ceremony. The launch party event was held at the Glasshouse@Seputeh today.

“We are committed to helping Malaysians and businesses connect in more meaningful ways. Our local team in Malaysia will be focused on helping businesses tap into this unprecedented opportunity to connect with todays mobile- first consumers,” Neary said.

The launch event also saw Nicole Tan, who is the former managing director with J. Walter Thompson Malaysia, announced as Facebook’s Head of Malaysia.

She said Malaysian Facebook users are an active and ‘mobile-first’ community.

Southeast Asia is the fastest growing region for Facebook and Malaysia, a mobile-first country with a mobile penetration rate of 144 per cent, is driving the growth.

Neary said that Malaysia had more than 18 million Facebook users and 6.5 million people on Instagram.

Malaysians also rank 10th globally for the number of friends, which is 60 per cent more than the global average and spend more time watching videos on their smartphones than consumers in any other country in Southeast Asia.

“In this regard we would like to offer marketing services, advertising and consumer access to businesses and companies in Malaysia so they can grab this opportunity to further expand their business.

“In Malaysia, 94 per cent of people discover products and brands on Facebook, and 62 per cent make a purchase after discovery,” Neary said.

Neary said that Facebook will also cooperate with the relevant agencies in the country to help entrepreneurs expand their businesses.

According to statistics, an average of 77 per cent of Facebook users in Malaysia follow at least one business site, 94 per cent of consumers discover products and brands on Facebook, while 62 per cent make their purchase after the discovery.

He also said Facebook will be offering training and legal platform for businesses and companies through its blueprint services soon.

The opening of the local office is part of its expansion in the region following the launch of the Philippines office in Manila last month.

Each month, 241 million people use Facebook across Southeast Asia, 94 per cent of them via mobile while globally, 1.65 billion people now use Facebook.

Photo-sharing platform Instagram, which the company owns, has over 400 million users. It was acquired by Facebook for approximately US$1 billion in April 2012.

Last year, PTLM reported that Internet giant Google opened a brand new larger Malaysian office at Menara 1 Sentrum in KL Sentral.

The Malaysian headquarters of The Priceline Group-owned Agoda.com is also located in the same building.