Malaysia will host the 66th FIABCI, the French acronym for the International Real Estate Federation, World Congress for the second time in a decade at One World Hotel in Kuala Lumpur on 26 May.
Themed “Urbanization: Perils or Prosperity”, the event will see over 1,000 delegates from 48 countries gather together to deliberate on how sustainable cities can cope with the stress of urban living.
The annual world congress will see Malaysia-born Maha Sinnathamby, chairman of Springfield Corporation, a successful developer in Australia, share insights on building sustainable cities Down Under.
Belinda Yuen, a senior research fellow from the Lee Kuan Yew Centre for Innovative Cities at Singapore’s University of Technology and Design, will discuss smart urban development, while Taiwan’s former Mayor of Taichung City, Jason Hu, will share how he helped transform Taichung into a model sustainable city.
In welcoming delegates, FIABCI World President Robyn Waters said there is much to learn from Malaysia which is experiencing rapid real estate growth.
“Malaysia offers FIABCI World Congress attendees a unique opportunity to learn first-hand about urbanization and dynamic real estate markets and how they handle this growth,” she said.
Meanwhile, FIABCI Malaysia president Tengku Abdul Aziz Tengku Mahmud said the event will not be a “talk shop” but a gathering of experts who are concerned about the future of real estate development.
“FIABCI is recognised as a NGO for expert views on real estate by the United Nations,” he said, noting that this year’s theme is most appropriate particularly for a developing country like Malaysia which is witnessing rapid urbanisation.
The United Nations’ World Urbanisation report showed that over 50 percent of the global population presently live in townships and is forecasted to reach 70 percent by 2050, said Tengku Abdul Aziz.
“Hence, urbanisation is an important and crucial issue to be discussed.”
Aside from public forums and conferences, the congress will also feature the FIABCI World Prix d’Excellence Awards whose gala night will be held on 30 May.
According to award ceremony organising committee chairman Yeow Thit Sang, among the world property award winners were Malaysian developers, showing that Malaysian property developments were acknowledged not only for being eco-friendly, but also for their high quality and design.
“These world property awards are held in high esteem in the international arena and is similar to Hollywood’s own version of its Oscar,” he said.
Notably, Malaysian developers excelled in building quality residential property developments and to date, have clinched 52 world awards since 1975.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
(Source From propertyuguru.com.my)
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Kobay Technology Bhd’s wholly-owned unit, Kobay Systems Sdn Bhd, has entered into a joint development agreement with two businessmen to build a condominium with a gross development value of RM80.4 million on a 0.68-hectare land in Mukim Batu.
In a filing to Bursa Malaysia recently, Kobay Technology said the land, situated in Segambut with no specific land use category, has a freehold tenureship.
With an estimated gross development cost of approximately 40.2 million, the expected profit before tax, after deducting proprietor and arranger’s 27 per cent entitlement of RM21.7 million, is approximately RM18.5 million over a period of four years.
Kobay Systems shall be fully responsible for the funding of the project with the initial outlay of RM5.5 million that will be funded by internally generated funds, it said.
Meanwhile, the subsequent development cost should be funded by the project itself as the management was highly optimistic that the project would be able to be self-financing.
Farah Wahida, Editor of PropertyGuru, edited this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
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Although Malaysia inherited well-developed infrastructure and transport network from the colonial era, the same was unevenly distributed.
After gaining independence, the Malaysian government made considerable effort to improve its highways, railroads, seaports and airports.
Malaysia’s persistence in developing and upgrading its infrastructure resulted to it having the most-well-developed infrastructure among newly industrialising countries in Asia.
Infrastructure
The country is served by a network of 94,500 kilometres of primary and secondary roads, of which 70,970 kilometres are paved. This includes 580 kilometres of superior quality expressways, which connect Kuala Lumpur with Singapore and with major seaports and other destinations.
It also has a railway system of about 1,800 kilometres, with the major tracks running from Singapore to Kuala Lumpur, and further to Pinang and Bangkok (Thailand).
The development of Kuala Lumpur Sentral, a futuristic self-contained city, will see the rise of a modern transportation hub which integrates all major transport network, including the Express Rail Link to Putrajaya and the KLIA.
The network of well-maintained highways in Peninsular Malaysia is a boon to industries as they link major growth centres to airports and seaports.
Seaports
International trade, particularly seaborne trade, has traditionally been Malaysia’s lifeblood. Over 90 percent of the country’s trade today is by sea through its seven international ports, namely Port Klang, Penang Port, Port of Tanjung Pelepas, Johor Port, Kemaman Port in Peninsular Malaysia, Bintulu Port in Sarawak and Kuantan Port.
All these ports feature modern facilities, with Bintulu Port handling liquefied natural gas.
As the country’s trade and economy expanded, these ports also registered impressive growth. In fact, Port of Tanjung Pelepas (PTP) and Port Klang are ranked among the world’s top 20 container ports.
Airports
To serve the country’s growing business and tourism needs, Malaysia has also promoted development of aviation.
It has 32 airports with paved runways, while 83 have unpaved runways.
Malaysia’s central location within the Asia Pacific region makes the country an ideal gateway to Asia.
With this, Malaysia invested in six well-developed international airports — the Kuala Lumpur International Airport (KLIA), Langkawi International Airport and Senai International Airport in Peninsular Malaysia, Penang International Airport, Kuching International Airport in Sarawak and Kota Kinabalu International Airport in Sabah.
The KLIA, which is the country’s biggest airport, can handle up to 40 million passengers and over 1.2 million tonnes of cargo per year.
Power
Malaysia has adequate reserves of gas, oil and coal to meet its energy needs.
Electrical power in Peninsular Malaysia is predominantly supplied by state-controlled Tenaga Nasional company.
But given the rapid industrialisation and growing demand for electricity, the government exerted considerable effort to privatize the national utility company. Private initiatives were also developed to build new power generating plants. This saw the establishment of private consortium, the Independent Power Providers (IPPs).
Telecommunications
Over the last decade, the country’s telecommunication network witnessed impressive upgrading and expansion following the privatisation of its Telecommunication Department.
Notably, Malaysia uses the latest digital and fibre optics technology to deliver high quality telecommunication services at competitive rates.
Under Malaysia’s Equal Access Regime, a telephone subscriber can select from five network service providers for a full range of local and international services covering data and voice facilities.
The country also has six internet service providers as well as five telco’s and other network facilities services supporting a full range of international and domestic services.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
(Source From propertyuguru.com.my)
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Radius Selayang Height, Condo Unit For Rent
Type: Condominium
Built Up: 916sf
Remarks:
-3Rooms 2Bathrooms
-Kitchen Cabinet With Cooking Hood And Hob
-1 Carpark
Rental: Rm1100/Month
http://www.propertyguru.com.my/property-listing/radius-residence-selayang-heights-for-rent-11720993
Nearby: Bandar Baru Selayang, Majlis Perbandaran Selayang, Syabas Selayang, UITM, Hospital Selayang, Selayang Capital, Selayang Mall, Batu Caves, Pasar Borong Kuala Lumpur
Easy Access: Jalan Ipoh, Jalan Kuching, MRR2
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Diamond Regency, Setapak, Jalan Gombak
Type: Condominium
Tenure: Freehold
Built Up: 1178sf
Remarks:
-3 Rooms 2 Bathrooms
-Renovated with Kichen Cabinet
-Well Keep
-2 Carpark
Price: Rm 495k Negotiable
http://www.propertyguru.com.my/property-listing/diamond-regency-for-sale-11720615
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Property For Sale or Rent, Can Call to List. Buyers / Investors Who Wish to Buy / Invest Properties Are Welcome to Contact Me For Further Information.
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Sri Gotong, Apartment For Sale
Type: Apartment
Tenure: Leasehold
Built Up: 816sf
Remarks:
-3Rooms 2Bathrooms
-Kitchen Renovated With Kitchen Cabinet And Table
Top
-Stainess Steel Gate And CCTV
-With 3 Air Con and 2 Heater
-Plaster Ceiling
-1 Carpark
Price: Rm 290k Nett
http://www.propertyguru.com.my/property-listing/sri-gotong-apartment-for-sale-11926289
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Despite the recent slowdown in sales, Iskandar Malaysia’s property market is still attractive for many developers as investors continue to be optimistic of the region’s long-term prospects.
“The slowdown is short term. It is attributed to the overcautious reaction to the goods and services tax, government property cooling measures and tighter lending conditions by banks,” said Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling.
She noted that Iskandar Malaysia will continue to attract the interest of foreign and domestic investors as long as fundamentals remain strong.
In fact, latest data from the Iskandar Regional Development Authority (Irda) showed that total cumulative investments in Iskandar Malaysia rose from RM158.13 billion in December 2014 to RM166.10 billion as at end-March 2015.
Hoe was commenting on data from National Property Information Centre (Napic) which showed that transactions in Iskandar Malaysia dropped 33 percent quarter-on-quarter in Q4 2014.
“With developments in economic activities and catalytic projects moving in tandem with the property sector, we will see more sustainable demand in Iskandar Malaysia in the long-term.”
She explained that the progress of property investments within the region had outweighed other sectors, resulting to a mismatch between supply and demand of property.
“The acceleration of other sectors such as services, tourism, healthcare, manufacturing, logistics and creative industries will bridge the gap,” said Hoe.
Foreign property developers were targeting a different market from local developers, providing properties to buyers from their home turf and foreigners, particularly Singaporeans.
“This should not create anxiety over the oversupply situation and the performance of the market as a whole,” stated Hoe.
In concurring, KGV International Property Consultants (M) Sdn Bhd director Samuel Tan Wee Cheng said, “Iskandar Malaysia remains attractive due to its proximity to Singapore and it is more viable compared with other economic growth corridors in the country.”
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
(Source From propertyuguru.com.my)
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