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 & EventsResidents of 30 Park Place can enjoynearly 40,000 sq ft of amenities as well as afull suite of hotel services managed by FourSeasons Hotels and Resorts. The 38th flooris devoted to private residential amenitiesincluding a fitness centre with yoga studio,vaulted conservatory with a baby grandpiano, screening room, children’s play roomdesigned by Roto Group, dining roomwith separate catering kitchen and accessto the hotel restaurants and two graciousdouble height loggias. Additional amenitiesinclude a sunlit 75-foot swimming pool, therenowned Four Seasons spa including steamrooms, treatment rooms, and salon, ballroomfacilities, meeting rooms, a business centre,additional storage units and a parking garage.Residents also enjoy exclusive access tothe Four Seasons Director of Residences anddedicated residential concierge, as well as a24-hour doorman, bellman and service stafffocused on providing the bespoke servicesfor which the brand is known. Tailored àla carte services are available to residentsincluding in-residence dining and catering,housekeeping, grocery and flower provisions,car service and personal, child and pet care.Construction is being overseen bygeneral contractor Tishman Construction.The superstructure for the building contains45,000 cubic yards of concrete, 5,800 tons ofreinforced steel and over 2,000 windows.30 Park Place is now 60 per cent sold.Remaining residences range from 1,108to 6,127 sq ft and include a collection ofhalf-floor, full-floor and duplex penthouseresidences. Prices range from US$3.1 millionto over US$60 million for the combinedduplex penthouse. More information at www.thirtyparkplace.com<strong>Building</strong> & <strong>Investment</strong> | www.b-i.biz 45
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