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 & EventsBenxi New City, China. Photo credit: IBI Group China.Lemay expands to better serveclients around the worldWith acquisition of three entities from Toronto-based IBI Groupand creation of another joint-venture entity in China.500 Grande-Allée, Quebec.LEMAY RECENTLY announced thecompletion of the acquisition of threeQuébec entities from Toronto’s IBI Group,which are DAA, Cardinal Hardy Architectesand <strong>Mar</strong>tin <strong>Mar</strong>cotte/Architectes. Lemayalso announced the creation of a jointventure with IBI Group in China. Theacquisition allows Lemay to become one ofCanada’s leading integrated environmentdesign firms.“Today’s announcement exceptionallymarks the pursuit of our goal to better servethe growing needs of both our clients andtomorrow’s communities,” said Louis TLemay, Lemay’s president.Consistent with its major projects inCanada, Central America, North Africa, andits newly acquired presence in the Caribbeanas well as the strategic Asian market, thetransaction announced today will helpLemay reposition itself advantageouslywithin the industry, thanks to its valueaddedoffer.With the acquisition of these threeentities and the creation of a joint venturein China, Lemay brings together nearly 500professionals and consolidates its position asthe leading firm in integrated design servicesin Québec and the fourth largest in Canada.At the international level, Lemay now ranksamong the top 100 most prestigious firms ofits field.DAA is a multi-disciplinary firmspecialised in community planning, landdevelopment, and urban and regionaldevelopment. Based in Montréal, DAA hasoffices in Québec City, and Saguenay.Cardinal Hardy Architectes (CHA)is a multi-disciplinary firm dedicated toarchitecture, urban design, and landscape,and specialised in urban development,residential complexes, and airports.40 <strong>Building</strong> & <strong>Investment</strong> | www.b-i.biz
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