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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Design FeatureLightemotion breathes life into retailspace with creative lighting systemThe programmable lighting changes colours according to the time of dayand the use of LEDs helps to reduce heat and power consumption.A NEW CUSTOM lighting design developedby Lightemotion has made its mark indowntown Montreal. Working closely withthe facilities team at Complexe Desjardins,Lightemotion has breathed new life into thecity’s largest mixed-use development, totalingfour million sq ft. Complexe Desjardins islocated in the Quartier Des Spectacles andfaces the recently renovated Place Des Arts.The development is the latest addition tothe Quartier with a dynamic and innovativelighting design system.The client was interested in resolvingnumerous issues through a lighting designsystem for the retail concourse and two of themain entrances leading into the concourse.Lightemotion was selected to develop a newlighting system to create a warmer overallambience but it had to generate minimalheat and produce a “call to action” from thestreet so that pedestrians will be enticed toenter the complex. One of the main featuresof the design is the ability for the client tocreate programmable and dynamic lightingeffects that adapt to the time of day, seasonand activity within the space. Environmentalsustainability was also paramount in thelighting system to reduce hydro consumption,cooling and maintenance costs.Lightemotion undertook an exhaustiveresearch and mock-up program thatrecommended replacing the existing floodlights with a custom designed fixture. Theyconceived a bi-directional 140 watt LEDlighting fixture that showcased the uniquediamond-coffered ceiling combined with apowerful down light to illuminate the entireshopping centre, adding much needed textureto the space. This also created unique floorpatterns which make the interior space moreexciting and feel less empty.“This lighting system not only provides68 <strong>Building</strong> & <strong>Investment</strong> | www.b-i.biz
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