Building Investment (Mar - Apr 2015).pdf
As our magazine grows to become more of a regional publication, we will be bringing you even more news from around the region and beyond. e biggest change in Malaysia was the implementation of Goods and Services Tax on 1 April 2015 which impacted on property prices, raising costs by up to 2.6 per cent. As an oil-exporter, it is likely to see slower growth due to low oil prices and GST dampening private consumption. Singapore will continue to see property prices falling due to government cooling measures while both Indonesia and Philippines are expected to show strong growth even as China slows its pace to 6.7 per cent growth (World Bank). Overall, growth outlook for the region is expected to hover at 6.4 per cent for 2015 (Asian Development Bank). As we approach the second quarter of 2015, we will continue to work even harder to ensure that our magazine reaches a wider audience as we explore the various distribution channels for the electronic version of our magazine – more on these will be announced in later issues. Meanwhile in this issue, we highlight projects like the futuristic development called Harbour City in the historic city of Melaka (front cover feature); Sherwood Kinrara South residential project in Selangor; Epic Suites also in Selangor; and developer SP Setia’s new corporate headquarters in Shah Alam. In our features section, we report on Malaysian Timber Industry Board’s initiative to promote Malaysian-designed furniture; and market reports from some of the expert analysts like WTW and REHDA. Elsewhere in the magazine, we bring you a roundup on market news and updates on products and services while in the Design Feature section, you can read about some of the exciting designs from US and Canada. If you have suggestions to oer or events that you would like us to cover, please feel free to drop us a note.
As our magazine grows to become more of a regional publication, we will be bringing you even more news from around the region and beyond. e biggest change in Malaysia was the implementation of Goods
and Services Tax on 1 April 2015 which impacted on property prices, raising costs by up to 2.6 per cent. As an oil-exporter, it is likely to see slower growth due to low oil prices and GST dampening private consumption.
Singapore will continue to see property prices falling due to government cooling measures while both Indonesia and Philippines are expected to show strong growth even as China slows its pace to 6.7 per cent growth (World
Bank). Overall, growth outlook for the region is expected to hover at 6.4 per cent for 2015 (Asian Development Bank).
As we approach the second quarter of 2015, we will continue to work even harder to ensure that our magazine reaches a wider audience as we explore the various distribution channels for the electronic version of our magazine
– more on these will be announced in later issues.
Meanwhile in this issue, we highlight projects like the futuristic development called Harbour City in the historic city of Melaka (front cover feature); Sherwood Kinrara South residential project in Selangor; Epic Suites also in
Selangor; and developer SP Setia’s new corporate headquarters in Shah Alam.
In our features section, we report on Malaysian Timber Industry Board’s initiative to promote Malaysian-designed furniture; and market reports from some of the expert analysts like WTW and REHDA. Elsewhere in the magazine,
we bring you a roundup on market news and updates on products and services while in the Design Feature section, you can read about some of the exciting designs from US and Canada.
If you have suggestions to oer or events that you would like us to cover, please feel free to drop us a note.
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Project Highlight10 <strong>Building</strong> & <strong>Investment</strong> | www.b-i.bizSherwood Kinrara Southoffers hilltop living with a viewIJM Land’s latest bungalow units combine high-end living withhigh altitude greenery reminiscent of a European countryside.IJM LAND’S latest project offers high-endliving in a literal sense – on a hilltop at 450feet above sea level. Although not exactly thehighlands, you can still enjoy a commandingview of the surroundings especially theadjacent Ayer Hitam Forest Reserve.The Sherwood Kinrara South projectin Puchong, Selangor comprises 27 unitsof 3½-storey bungalows in a low-densitydevelopment of only five units per acre across3.91 acres of land. The bungalows comewith 5+1 bedroom and seven-bathroomconfigurations in three different layouts andsizes – 5,602; 5,483; and 5,418 sq ft – withprices starting from RM2.9 million. Thebungalows are already completed and readyfor buyers to move in.“Sherwood appeals to discerning homebuyers with a taste for distinctive eco-livingin contemporary homes with a highlandenvironment and amid a forest reserve,” saidDato’ Soam Heng Choon, IJM Land’s chiefexecutive officer and managing directorduring a media launch.The landscaping around the developmenthas been brought to life with the utmostattention to detail utilising a generous portionof the total development for nature includinggreen linkages, pocket parks, linear andterrace gardens. Sherwood offers Europeaninspiredlandscapes most notably witheight-metre-high pine trees, often cultivatedas ornamental trees in Europe, to provide alovely green conifer foliage to the entire area.This is unique to Sherwood, whichevokes the feel of the highlands. Withinthe gardens and parks, residents will findsurprising landscape elements to interactwith, such as natural reflexology paths,children’s playgrounds and a par course;with up to seven types of different outdoorgym equipment, to inspire healthy living,community engagement and communingwith nature.Beautiful avant-garde sculptures adornthe grounds, including a bird and cagesculpture in the middle of a roundabout,designed as a compass to connect fourjunctions.Even the guardhouse is not spared anyView of the exclusive clubhouse.expense, with a feature-roof shaped likeeagle wings from black and bold stainlesssteel, supported by a crystalline cage guardhouse, making it a bold grand entrance to theSherwood enclave. The guardhouse is just oneof the many inspirations that define Sherwoodas a luxury development.The entire community is gated, withadequate garden landscape lightingthroughout and guarded 24/7 by guardpatrols. It is connected to each of the homeswith a ‘panic button’ in the living room.The boom gate utilises Raintec technologywhich can sense the access card sensors eventhrough tinted vehicle windows.Landscape security was designed intothe usage and arrangements of planting, suchas hedges between pedestrian and vehiclespaths, slope protection treatment, soft scapescreening and the use of pine trees as windbreakers.The resident-only Cresta Clubhouseis situated on the highest point of the hilland provides a majestic view overlookingPuchong and Subang area. It offers exclusivelifestyle facilities such as infinity swimming
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