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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contentsMAR-APR<strong>2015</strong>610PROJECT HIGHLIGHT6 Harbour City, Melaka10 Sherwood Kinrara South, Selangor14 Epic Suites at BP New town, Puchong16 SP Setia Corporate HQ, Shah AlamSPECIAL FEATURE22 WTW Property <strong>Mar</strong>ket Report <strong>2015</strong>24 REHDA Property Survey 2H 20141652264670NEWS & EVENTS26 Terreal building beauty with new logo28 Tropicana unveils The Residences30 Bentley CONNECT Edition – newgeneraton of BIM software32 GEBT <strong>2015</strong>: Strong feedback from leadingbrands36 MTIB sends local designers to iSaloni38 Twin milestones for Acmar’s D’RapportResidences40 Lemay expands to better serve clientsaround the world42 London grows amid population boom44 Topping out of 30 Park Place in New York46 World Festival of Interiors events comingto Singapore47 Publisher releases year book ‘Espana <strong>2015</strong>48 IGEM <strong>2015</strong> Powers the Green Economy49 New X-Glass LED boosts digital advertising50 SIRIM QAS and GreenRE form alliancePRODUCTS & SERVICES52 Beckhoff: Optimum climate in thecleanroon54 Jotun launches Global Colour Trends <strong>2015</strong>56 BACFREE @ SP Setia Corporate HQ58 Realcolor® Thermoshield Cool Roof SystemDESIGN FEATURE62 Holy Cross Residence, Montreal66 A2DESIGN: Cité Cosmo, Quebec68 Lightemotion breathes life into retail space70 Boston’s tallest residential building72 Baccarat Hotel & Residences New YorkREGULARS74 B & I Reports86 Exhibitions & Conferences88 Advertisers’ Index<strong>Building</strong> & <strong>Investment</strong> | www.b-i.biz 5
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