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 Featurebronze motif.In a nod to classic French design, thespacious living room features shimmeringgold wallpaper accented by lush tweed andgold wrapped moldings. The centerpiece ofthe room is a Lou Blass monumental screenwith furniture accents including pairs ofcontemporary Dupre Lafon chairs whichdelightfully contrast with classic 18th centuryFrench Louis XV Bergeres chairs.The dining area is illuminated by a 12-lightZenith Midnight Baccarat chandelier hangingover a yellow birchwood contemporary diningtable and white Louis XVI chairs. Two goldantique mirrored cabinets, each with goldconvex mirrors above, are placed on eitherside of the dining entrance leading to thelibrary.The luxurious master suite featuresa custom-made gold silk screen drapedbehind the queen-size silver tufted bed. Theshimmery, white textured wallpaper andcolumn covered in gold wallpaper evokeFrench glamour, while pale lavender curtainswith silver border envelop the dramatic floorto-ceilingwindows, offering stunning viewsof Central Park.The master bathroom is generouslyoutfitted with a Victoria & Albert soaking tub,a glass-enclosed shower with a Fantini Milanopolished chrome rain jet shower head, andrich white marble, including the floor, wallsand vanity.The Baccarat Residences New York modelapartment, located at 20 West 53rd Street, isnow open and accepting appointments.ABOUT BACCARATOriginally created by decree from King LouisXV, Baccarat is renowned for unmatchedcraftsmanship, innovation and stunningdesign since 1764. The company stilloperates and manufactures its productsin the picturesque town of Baccarat in theAlsace-Lorraine region of France, whereonly absolutely perfect crystal creations areallowed to bear the Baccarat name.Baccarat Hotel & Residences New Yorkprovides the highest level of service andamenities, including access to the luxuryhotel’s many offerings, including 24-hourconcierge service, state-of-the-art fitnesscentre and worldclass dining. More information at www.baccaratresidencesny.com<strong>Building</strong> & <strong>Investment</strong> | www.b-i.biz 73
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