Tuesday, 28 February 2017

(NST) REHDA urges gov't to rejuvenate property sector through new policies

PETALING JAYA: The government needs to rejuvenate domestic demand for the property sector through various policies.

Real Estate and Housing Developers’ Association of Malaysia (REHDA) national treasurer and REHDA Institute Trustee Datuk Mustaza Mohamad said that during previous economic downturn cycles, the government came up with various incentives to promote home ownership.

“We do get a lot of support now, but it is not enough. We need a lot more support. Our wish list for 2018 is (for the government) to waive the stamp duty because we have GST on the commercial side,” he said.

Mustaza added that in order to spur the industry’s growth, stamp duty needs to be minimised and property prices should be made more affordable.

“We want the government to increase infrastructure projects too,” he added.

Mustaza was speaking at REHDA Institute’s Economic and Business Outlook Conference 2017. REHDA Institute is the training, research and education arm of the Real Estate and Housing Developers’ Association

Additionally, he said that it was important to safeguard the health of the property sector in the country.

“The property market itself is quite small but there are (some) 200 related economic sectors, because it involves the construction sector, manufacturing sector, services sectors (lawyers, engineers, financial services, insurance and etc.).

(The Star) Project to bring in money

GELANG PATAH: The Forest City project, upon completion, is expected to bring in least RM50mil in tax revenue for the local authority every year.

Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin said the revenue would be collected through property or land taxes and that some of the revenue would be used to upgrade or build new facilities for the benefit of the people.

“Despite having oil and gas hubs in Johor, we do not have an oil industry so such a development would bring in additional income for the state every year.

“The upgrading or new facilities include maintenance and the building of new recreational parks, children’s playgrounds and more,” he said.

Mohamed Khaled said this in a press conference after visiting the Gelang Patah area on Saturday.

During the visit, he attended briefings on the upgrading works of Dewan Muafakat in Taman Pulai Utama, Dewan Niaga Mutiara Rini as well as a briefing on the development of Sireh Park, a public park which provides kayaking and other activities in Iskandar Puteri.

Mohamed Khaled also visited Kampung Sungai Melayu, Jambatan Besi Gelang Patah and Tapak Lapang Kampung Pendas Baru.

“The state government has set a target that all local authorities must spend some 40% of their revenue on upgrading of facilities such as recreational areas, pedestrian walkways, hawker centres and others,” he said.

He added that besides all this, the state government has also asked Iskandar Regional Development Authority to conduct research to develop areas in Johor into recreational parks that would accommodate cycling and extreme sports activities.

“We need more recreational areas in Johor and the first phase of development of Sireh Park, spread over 138ha, is expected to be completed by this year,” he said.

During his visit, Mohamed Khaled allocated a total of RM150mil to the Gelang Patah parliamentary area for development projects and to address other community issues.

(The Star) Putrajaya condo project launched

Putrajaya Homes Sdn Bhd officially launched Flora Rosa, its condominium project in Precinct 11, Putrajaya, with much fanfare.

On the first day, guests were invited on an exclusively chartered Cruise Tasik tour around the city, which culminated in a specially catered luncheon with local celebrity and Putrajaya Homes’ brand ambassador Noor Neelofa.

Priced from RM426,800 a unit, the Flora Rosa development – scheduled for completion in 2020 – comprises four towers and a total of 676 units.

It features five types of layouts to cater to the various lifestyle needs of the modern individual, as well as the family.

Type A has a built-up area of 1,399sq ft, Type B measures 1,184sq ft, Type C is 829sq ft, Type D 1,227sq ft, and Type E 2,250sq ft.

“The development takes into consideration the different interests of people from all walks of life, which is why we have made an array of facilities available especially for residents,” said Putrajaya Homes marketing and commercial division general manager Sabariah Ramli.

“We have also included specially designed recreational and communal spaces to encourage them to lead a healthy lifestyle,” she added.

Among the facilities are an infinity swimming pool and a learner pool, jogging and cycling tracks, a gymnasium and a beautifully designed surau, all amid 11.29 acres of landscaped splendour.

“Flora Rosa, which is designed by a reputable architect, has plenty to offer the young, modern family,” chipped in Neelofa.

“In addition to its ideal location, the development also features a great mix of facilities and a variety of layouts for prospective homeowners to choose from.

“These homes are a wonderful choice for those seeking convenience along with a contemporary lifestyle,” she enthused.

Putrajaya Homes is offering a special PjHomes 10:90 scheme, whereby purchasers only need to pay a 10% deposit to secure the property, with payment for the remaining 90% only commencing upon the issuance of the Certificate of Completion and Compliance (CCC).

Purchasers also get to enjoy the “PjHomes Advantage”, which includes no legal fees for the sales and purchase agreement and no stamp duty on the memorandum of transfer.

End-financiers participating in the PjHomes 10:90 scheme include Maybank, CIMB, Bank Rakyat and HSBC.

“The property market is typically susceptible to 10-year cycles of peaks and troughs.

“In line with the current slower growth pace, we are pleased to extend this offer to allow people from all walks of life an opportunity to own a home in Putrajaya and be a part of this vibrant, metropolitan city,” said Sabariah.

Flora Rosa is scheduled to be completed in August 2020.

For more information on Putrajaya Homes’ other projects, visit or call +60 3-8888 6633.

(The Star) Tourist promote Perak

The tranquil surroundings of Berastagi and bustling city of Medan in Indonesia may be mesmerising for visitors from Perak, but the folks in Medan have some nice things to say about Perak too.

This is what members of the Perak Media and Charity Club discovered during a trip to Medan, Indonesia for a futsal tournament.

The 12-men visiting team from Perak also promoted some of the tourist attractions in Perak in conjunction of Visit Perak Year 2017.

“I’ve been to Teluk Intan and I’m always in awe with the Teluk Intan tower. It’s the same as Pisa but has an Asian touch to it,” said Indonesian businessman Aji Santoso, 55, one of the participants in the event.

“I stayed in Perak for many years and it’s a beautiful state. Lots of good memories and it’s good to see tourism there is booming again.”

From Berastagi to Pasar Ikan, the team were seen distributing brochures and also talking to the locals about the lifestyle and why it should be one of their travel destinations in the future.

Travel guide Dano Kuswaro, 40, said he was impressed with the limestone caves in Tambun and also the city, which is slowly becoming more creative.

Reporters explaining the details in the brochure to a Medan native at Pasar Ikan in Medan city.

“Medan is bigger than Ipoh, but when it comes to uniqueness, Ipoh is pretty unique because of its heritage and growing cultural scene.

“I’ve been checking out the brochures and I’m really tempted to come there one day.

“I also hope these reporters and photographers will bring me around when I’m there. I’m sure they would do it for free,” he joked.

The Malaysians also handed out brochures and flags for Visit Perak Year 2017 to guests and workers in the hotel where they were staying.

The team led by John Bunyan Moses from Malay Mail played against Medan Umno and Persatuan Wartawan Indonesia Sumatera Utara (PWI Sumut) in the tournament.

They beat Medan Umno 3-2 in a pulsating match. However, in the final, the Perak team dominated the match only to have their opponent PWI Sumut take their chances well to win 1-0.

Moses, who is also the project director of the trip said the tournament was amazing although it proved tiring because they only had few hours rest after they landed in Medan.

“It was a bit tiring, but at the same time we enjoyed the match. It creates an opportunity for us to get to know other newsmen who are working in Indonesia.”

Perak Media and Charity Club Adviser Wan Asrudi Wan Hassan from Harian Metro said the players had a good time and it also strengthened the bond between Sumatera Utara and reporters and photographers from Perak.

“They will be coming to Perak this year I guess. We will have a friendly against them. They’ve been good host and the people of Medan have been friendly too.

“We spoke to many people about Perak and they are looking forward to come here one day. Perak is certainly a good tourist sport and I’m sure Indonesians will have fun,” he said.

The other players who were part of the Perak squad were Farhan Najib Yusoff from Malay Mail, T. Avineshwaran from The Star, Muhd Izham Azman, Muhd Firdaus Hassan from Kosmo, Muhd Adzhar Tajuddin from Sinar Harian, Muhd Mushairi Johari from the Mentri Besar’s office, Muhd Hairi Azmi Tham from Harian Metro, Muhd Izzat Nasuruden from Harian Metro, Muhaizan Yahya from NST Publications and they were managed by Raazif Rosli from Sinar Harian.

(The Edge) Penang govt urged to review locations of proposed LRT stations

GEORGE TOWN: Penangites want the state government to review the proposed location of light rail transit (LRT) stations under the Penang Transport Master Plan (PTMP) for it to be sustainable in the long term.

Federation of Malaysia Manufacturers Penang branch vice chairman Hun Keng Kuan said although the federation supported the PTMP, changes needed to be made, particularly with regard to the locations of the stations.

“The LRT stations need to be strategically located at a highly populated and common public areas to attract commuters.

“We hope the state authority can make the necessary changes to the LRT stations proposed in the project, to make them more accessible and convenient for commuters,” he told reporters after viewing the documents related to the PTMP here yesterday.

Hun said more car parks needed to be built closer to the LRT stations, as they would make it convenient for commuters.

The RM46 billion PTMP is the Penang government’s mega transport project encompassing highways and a rail network, as well as the development of three artificial islands south of Penang.

The International Real Estate Federation Malaysia Penang branch chairman Datuk Khor Siang Gin hoped the federal and state governments would work together on the PTMP for the benefit of people.

He said Penang needed the PTMP as it would help boost the state’s socio-economic infrastructure, bringing in more investors that would provide job opportunities for the locals.

“I believe that despite the costs that we are paying for the PTMP, which included sea reclamation and land acquisition, the project will benefit the people, especially those living within this state in the long run,” he said. — Bernama

(The Edge) Kerinchi Residency a sign of what future holds for people, says Najib

KUALA LUMPUR: The Kerinchi Residency project that accommodates 472 households is a reflection of the government’s efforts to improve the future of the people, said Prime Minister Datuk Seri Najib Razak.

Najib said that since 1971, the residents had lived in the dilapidated 300-sq ft (28-sq m) to 450sq ft four-storey flats of Kampung Kerinchi.

Now, he said, they were able to live in conducive 900-sq ft condominiums that come with a swimming pool, surau, playground and other amenities without payment under a trade-off concept.

“Compared to the previous flat that cost only RM50,000, the present (Kerinchi Residency) condominium is valued at RM500,000 or half a million ringgit.

“I have often reminded leaders that the people’s interest and welfare must be given preference at all times,” he said when officially opening the Kerinchi Residency and 1Federal Territory Reception in the Lembah Pantai parliamentary constituency.

Najib said the Kerinchi Residency was a development that really met the needs and interests of the people. Developed by Suez Domain Sdn Bhd, the project comprises 472 units of apartments on more than 2.8ha of land on the site of the four-storey Kampung Kerinchi flats.

Najib expressed his disappointment over what he said was a move by the opposition, including Lembah Pantai member of parliament Nurul Izzah Anwar, to foil the Kerinchi Residency project.

PKR reportedly influenced the residents not to sign up for the project, resulting in 35 households taking the matter to court.

“Now, they regret their action because they are without the new dwellings,” he said.

Earlier, Najib also opened the air-conditioned Ittifaqiyah Addiniyah Madrasah and visited several units of the Kerinchi Residency. — Bernama