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 & EventsRiyuedao, China. Photo credit: IBI Group China.<strong>Mar</strong>tin <strong>Mar</strong>cotte/Architectes (MMA)works in the institutional, industrial,commercial, hospital and school sectors.MMA specialises in the implementationof <strong>Building</strong> Information Modeling (BIM)technology. A large number of its architectsare LEED-certified.In addition to these three entities, Lemaywill also be counting on a strong team inChina. With offices established in Beijingand Shanghai more than a decade ago, and ateam of more than 60 professionals, the firmnow co-owned by Lemay will be responsibleComplexe hôtelier Mount Stephen, Montreal.for promoting Canadian and Québeccreativity across the Asian market.From now until the brand architectureof the new Lemay is elaborated, the threeacquired entities will operate respectivelyunder the names Lemay+DAA, Lemay+CHAand Lemay+MMA. The name of the jointventure in China will be announced soon.About LemayFounded in 1957 as an architectural firm,Lemay is today one of Canada’s leadingintegrated environment design firms,Toronto Bay Scollard by Lemay.combining urban design, architecture,landscape architecture, interior design,and branding into a multi-disciplinary,synergetic offer. Lemay – one of Canada’smost-awarded firms – delivers projects thatachieve the strategic objectives of its clientsand exemplify their values, dreams, andaspirations. Lemay also distinguishes itselfby its outstanding leadership, having beenrecognised in 2013 as one of Canada’s 50Best Managed Companies by Deloitte. More information at www.lemayonline.com<strong>Building</strong> & <strong>Investment</strong> | www.b-i.biz 41
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