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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News & EventsTERREAL building beauty with new logoNew identity, new signature to shape the future.AS FAR AS celebrations go, “TERREAL Nite”was an occasion to remember, in more waysthan one – a time to reflect on the year thatwas and review events that have impacted thecompany. In the course of a sumptuous mealwith customers, partners and the media, itwas, more importantly, a time to map outdirections and strategies that will shape thecompany’s future in <strong>2015</strong> and beyond. Tobegin with, 2014 made it two decades forTERREAL Malaysia in the country and alsoa year highlighted by ISO certification forits customer oriented quality managementsystem and ECOLABEL accreditation for itsKluang-based production facilities to whichan added investment of RM20 million willbe injected soon. Other milestones in thepreceding year were the debut of TERREAL’sZEN Tile Series, highly-engineered andinnovative solution for flat roof designsthat is making its mark in the market, notto mention the opening of a new showroomin Johor Bahru.The crowning achievement, though,was a new sales record for the year, whichTERREAL Malaysia Managing Director, MrJulien Chnebierk credited to its dedicatedstaff and strong customer support. It wasa performance, he reiterated, cumulativelyattributed to “values and commitments”that embody company philosophy and itsway of doing business, i.e.; We are Reliable – TERREAL roofs areefficient and durable with a range ofunique roofing components to providethe optimum in roofing, e.g., CoolMaxreflective insulation, DryFlashabutment solution, DryFix for ridgesand hips and SealMax high-bondingadhesive/sealant. We are Customer Service-Oriented– roofs are safe and easy to install andTERREAL commits itself to continuousand open-minded improvement, placingroofer training as a priority. We are Affordable – through continuousefforts to offer cost-efficient solutions toprojects, with Romane XL, the biggestclay roof tile in Asia (9.5 pc / m²) andeconomies of scale in transport anddistribution.TOP (L-R): Terreal Singapore and China MD Mr Olivier Rober, Terreal Asia Industrial Manager MrFranc Molto, Terreal Malaysia MD Mr Julien Chnebierk, Terreal Malaysia GM Sales & <strong>Mar</strong>keting MsAdeline Ong.BOTTOM: Franc Molto, Julien Chnebierk and Adeline Ong.We are Innovative – in technical knowhowand expertise in problem-solving(e.g., special fittings for challengingprojects), in technical know-how andproduct development (TERREAL tileshave the best solar reflectance index inthe market).We are Beautiful – attested to by a hostof successfully-completed and iconicprojects in Malaysia and around theglobe.We are Energy-Efficient – as poor heatconductors, TERREAL roofs providebetter thermal insulation for buildings,keeping heat outside and bringing downtemperature within (7° difference).Keeping the best for last, the high pointof the evening was the unveiling, for the firsttime anywhere in the world, of TERREAL’snew logo and tagline “<strong>Building</strong> Beauty” - anew identity that reflects all of the aboveentrenched values and commitments andreinforces TERREAL’s position as theworldwide leader in roofing solutions. More information at www.terreal.com.my.26 <strong>Building</strong> & <strong>Investment</strong> | www.b-i.biz
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