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Thinkproperty Blog
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Tag >> Press Release
Kuala Lumpur, 4 December 2011: YTL Land & Development Berhad (YTL Land) received top honours when it won ‘Best Property Developer’ at the inaugural South East Asia Property Awards held in Singapore recently. It’s maiden development in Singapore, Sandy Island also picked up two awards for Best Housing Development and Best Architectural Design, making YTL Land the biggest winner of this regional awards led by principal judge, CBRE Global Investors.
Speaking about the win, Dato’ Yeoh Seok Kian, Executive Director of YTL Land & Development Berhad said, “Our appreciation goes out to all in the industry for this honour, attesting to our efforts that have resulted in unique landmarks that have pioneered lifestyles for communities. More importantly, it’s an acknowledgment of the passion and commitment of the YTL team that has driven each one of our creations.
“We’d also like to attribute our achievements to our buyers who continue to support us and inspire us to continue delivering innovative concepts & design in all our properties each time.”
The win comes on the heels of YTL Land’s latest milestone, the recently completed d6 in Sentul East, adding to the growing series of distinct offices designed for the next generation. Already in demand for its quality homes, Sentul is today shaping itself as a business precinct that redefines traditional offices with creations like d7 and d6. In contrast to the homogeneous architecture of typical office buildings, these new breed of offices have been designed as iconic sculptures with distinct interior spaces such as Sky Office duplex suites and Garden offices. | 
d6 at Sentul East
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KUALA LUMPUR, 25 October 2011: CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has won a contract to manage its first serviced residence in Iskandar, the southern gateway of Malaysia. The new 204-unit Somerset Puteri Harbour Iskandar is scheduled to open in the Nusajaya flagship economic zone in 2013. The contract is awarded by Nusajaya Consolidated Sdn Bhd, a joint venture between established Malaysian developers United Malayan Land Bhd and UEM Land Berhad.
Mr. Lim Ming Yan, Ascott’s Chief Executive Officer, said: “Malaysia has strong growth potential for Ascott due to its resilient economy and attractiveness as a destination for foreign direct investments. The government has invested significant resources to develop the Iskandar region to spur the growth of Malaysia’s economy. Besides attracting investments of over RM70 billion from foreign and domestic companies, the large-scale tourism projects in Iskandar also bring tremendous opportunities for serviced residences. As the first international serviced residence provider in Nusajaya, Ascott is well positioned to tap on the burgeoning demand for quality accommodation from expatriates and travelers.”
Mr. Alfred Ong, Ascott’s Managing Director for Southeast Asia and Australia, said: “Ascott expanded into Cyberjaya and Petaling Jaya earlier this year and we are pleased to add another city to our Malaysian network. Our entry into Iskandar further strengthens Ascott’s leadership position as the largest international serviced residence owner and operator in Malaysia. We currently operate five properties with close to 700 apartment units. With this new property in Iskandar, we now have a strong growth pipeline of more than 900 units which are scheduled to open in Malaysia over the next five years. In total, this brings our Malaysian portfolio to over 1,600 units. We will continue to look for opportunities to expand our footprint in Malaysia.”
Shah Alam, 10 June 2011 - Premier property developer, Sunway City Berhad, had launched its two and a half storey terrace homes in Shah Alam recently. The development, Sunway Alam Suria Phase 1C, comprises of 145 units of terrace homes, with a standard lot size of 22’ X 65’ and gross built-up area of 2,371 sq. ft.
The Sunway Alam Suria Phase 1C is the fifth phase of the whole development which had received overwhelming response from the target market since the first phase’s launch.
Commenting on the success of the development, Ho Hon Sang, Managing Director, Property Development, Malaysia, Sunway City Berhad, said that the reason behind Sunway Alam Suria’s achievement is the location, the increase in value potential and integration of the LOHAS philosophy into the development.
“Shah Alam is a booming township, with modern conveniences circling the residential developments. The real estate properties here have proved to be worthy investments for the family as the appreciation has been earmarked at about 30% in general since its first launch.”
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Alam Suria Phase 1C - Boulevard View
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Somerset Damansara Uptown Petaling Jaya is the first international serviced residence in Petaling Jaya
Kuala Lumpur, 24 May 2011 - CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has strengthened its leadership position in Malaysia with a new management contract in Petaling Jaya which is awarded by See Hoy Chan Sdn. Berhad. The 200-unit Somerset Damansara Uptown Petaling Jaya is slated to open in 2016.
Ascott’s entry into the fast-developing Damansara Uptown in Petaling Jaya also extends the company’s footprint to a new city in Malaysia. With the addition of Somerset Damansara Uptown Petaling Jaya, Ascott remains the largest international serviced residence owner-operator in Malaysia, with over 1,500 apartment units across 10 properties.
Mr Alfred Ong, Ascott’s Managing Director for Southeast Asia and Australia, said: “By securing our 10th property in Malaysia, we are able to reap greater economies of scale and position Ascott for further growth in Malaysia. Somerset Damansara Uptown Petaling Jaya is in a prime commercial district and there are no other serviced residences within our vicinity. As foreign investments continue to increase in Malaysia, we expect strong demand for all our serviced residences.”
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Somerset Damansara Uptown Facade
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Choice units available for this unique lakeside development
Kuala Lumpur, 8 April 2011 - Sime Darby Property Berhad’s Bandar Bukit Raja Township recently saw the introduction of its first two-and-a-half storey link homes dubbed Delmara. This latest offering from Malaysia’s premier developer features lakeside views as well as a rainwater harvesting system.
Only two days after Delmara opened for sale on 26 March 2011, 85% of its 54 units were snapped up by eager homeowners and investors. This was reminiscent of the developer’s two-storey Avani homes in the same township, with all of its 194 units snapped up just three days after the launch in January 2011. Currently, there are still choice units of Delmara available for those who are keen to take advantage of this gem of a property, with prices starting from RM690,000 onwards.
Delmara offers six unit types with built-up areas ranging from 3,004 square feet to 3,562 square feet. A prominent feature for Delmara is the rainwater harvesting system, which has been used for watering the gardens in existing phases including the Avani.
At Delmara, the system is extended to include usage in the bathrooms (for flushing). This system, which translates into savings for homeowners as they need not use water from the main supply, is part of a continuous effort by Sime Darby Property to develop sustainable and environmentally conscious communities. | | | | 
Contemporary design with sustainable features
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Kuala Lumpur, 17 March 2011 – Sime Darby Property’s three recent launches have exceeded sales forecasts, reinforcing its position as the country’s premier property developer and demonstrating continued healthy demand from Malaysians for spacious, secure and high-quality residences. The three launches were in the Melawati, Denai Alam and Bandar Bukit Raja townships.
In the established Melawati township, the Company launched the Casa Rimba Superlink homes, where 24 of the 26 residences were sold within hours of their launch (sold out as at 24 Feb 2011). The selling prices of these homes ranged from RM1.38 million to RM2 million.
Casa Rimba’s location proves to be popular based on the recent number of high-end launches in the surrounding neighbourhood. With a strong potential for capital appreciation and living spaces ranging from 3,935 sq ft to 4,010 sq ft, the Casa Rimba homes represent some of the best landed properties in the Klang Valley.
In Denai Alam, Sime Darby Property launched the Mulberry homes which were introduced to the property market at the end of January. Seventy of the 130 double-storey link homes were snapped up within one week of their launch. | | 
A reflection of contemporary urban living through chic minimalist design, Casa Rimba also hosts a myriad of environmentally friendly features
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Selangor, 12 March 2011 - For the second consecutive time, Sunway City Berhad was voted for the Putra Brand award last night for the property development category. 6,000 consumers had taken part in a brand survey to nominate brands with outstanding performance. Last year, Sunway City Berhad was accorded an award in the property development sector while Sunway University College trumped in the education sector.
Organized in association with the Malaysia’s Most Valuable Brands (MMVB), the Putra Brand Awards is a recognition and brand valuation exercise to not only recognize public-listed companies but also local brands and SMEs that are near and dear to the hearts of Malaysians. While MMVB measures best brands by financial valuation, the Putra Brand Awards measures brands by consumer preference.
Ngeow Voon Yean, Managing Director, Property Investment, Sunway City Berhad, who received the award, said, “We have always positioned ourselves as a dynamic and integrated Malaysian property conglomerate that enjoy the ‘Best of Both Worlds’ – a high growth Property Development division and a stable base of income from high-yielding investment properties.”
Ngeow said that the corporation will continue its efforts to be the “Leading Master Community Developer” and in promoting sustainable development aimed at improving lives.
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Ngeow Voon Yean, Managing Director - Property Investment, Sunway City Berhad receiving the Putra Brand Award from Johnny Mun, 4As council member.
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Kuala Lumpur, 9 March 2011 – The exclusive, gated and guarded Indigo zero lots in USJ Heights, developed by Sime Darby Property, have registered strong sales for both the first and second phase. The first phase - Indigo I, launched last year with 58 units in total, only has 8 units unsold to date.
The second phase (Indigo II), unveiled in January this year, saw almost three quarters of the premium residences snapped up within one week of their launch. The strong sales of these homes, priced between RM1,972,000 and RM3,272,000, mark another successful chapter for Malaysia’s premier sustainable property developer.
All 35 of the spacious two-and-three-storey zero lot bungalows in Indigo II, ranging in size from 3,898 sq ft to 5,670 sq ft, feature contemporary designs conducive to elegant modern living. They are set in one of the six special garden-themed neighbourhoods – Modern Tropical, Malay Tradition, Balinese, Zen, Mediterranean and Highland – making it one of the most sought-after properties in the Subang Jaya area.
Sime Darby Property Berhad Managing Director, Dato' Tunku Putra Badlishah, said the Indigo zero lots offer remarkable value for home owners who seek the satisfaction of owning a detached dwelling within a guarded and gated community. | | 
The Villas are built with a North-South orientation for a cooler interior with better ventilation, while a rainwater harvesting and solar hot water system will appeal to the eco-sensitive dweller.
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SunCity receives the ISO 14001:2004 Environmental Management System certification to adopt sustainable business practices.
Sunway City Berhad (SunCity) continues to stay true to its role as an environmentally conscious developer with its latest ISO 14001:2004 Environmental Management System certification for Development of Residential, Commercial and Industrial Properties.
The certification was issued by SIRIM QAS International Sdn Bhd, with a UKAS (United Kingdom Accrediation Services) logo appended to it. SIRIM QAS International Sdn Bhd is registered with IQ NET (The International Certification Network) and this will further enhance recognition and acceptance of their certification around the world.
ISO 14001 is the world’s most recognized framework for environmental management systems and has been practised in various countries globally. The main objective of this standard is to provide a sound framework for an organization’s environmental policy, plans and actions.
HIGHLIGHTS - RM162.6 million net profit for 12 months 2010 (vs RM109.8 million for 18 months 2009)
Sunway Holdings Berhad’s net profit hit RM162.6 million for the year ended 31 December 2010, the highest annual profit since the listing of the Group. The previous high was achieved more than a decade ago in 1999 when the Group recorded RM158 million net profit. The net profit reported for the year ended December 2010 was 1.5 times higher than the net profit recorded in the previous 18 months ended December 2009, with a 1.4 times increase in basic earnings per share to 28.14 cents for the current year ended December 2010, compared to 20.50 cents in the previous 18 months ended December 2009. The construction division maintained its stance as the key contributing segment of the current year’s earnings with stronger margins recorded by its overseas operations, followed by the property development and trading and manufacturing divisions.
Sunway City (Penang) Sdn Bhd (Sunway Penang), a wholly-owned subsidiary of Sunway City Berhad (SunCity), organised a unique and creative photo contest that allowed participants to relive their wonderful memories of yesteryears in Penang.
Sunway Penang’s “Oldies are Goodies” photo contest commenced from October 29 to December 3, 2010 in conjunction with Sunway Merica’s show house opening in Sungai Ara, Penang. Sunway Merica is a development that allows families to enjoy the comforts of a contemporary lifestyle while retaining the charm of old Penang.
Ho Hon Sang, Managing Director, Property Development Division, Malaysia, Sunway City Berhad, said, “This photo contest is a follow-up from Sunway Penang’s recently organised family get-together last year where families were able to reminisce their childhood memories through traditional games. This is aligned with Sunway Penang’s commitment to develop residential developments where Penangites are able to be part of an intimate community and embrace the lifestyle values of old Penang.”
“We firmly believe that Penangites will appreciate the warmth of living in a Sunway Penang community where parents can enjoy a higher quality of life with their children amidst peaceful and lush surroundings. Moving forward, we will continue to engage with the Penang community with heart-warming activities that allow them to relive the good old days of this vibrant state.”
Sunway City Berhad has achieved yet another milestone with the launch of its latest integrated mixed development located at Dataran Sunway, Petaling Jaya.
Sunway Nexis is a vibrant commercial development comprising 3-storey retail shops with sizes ranging from 4,133 – 8,718 sq. ft. priced at RM4 million and above, 13-storey office suites with sizes ranging from 925 – 1,722 sq. ft. available at more than RM 700,000, and a 20-storey flexi office block that range from 850 to 1,980 sq. ft. This development is sprawled over 5.83 acres of thriving land and is developed by Sunway Damansara Sdn Bhd with a gross development value of RM500 million.
Ho Hon Sang, Managing Director, Property Development, Malaysia, Sunway City Berhad said, “Sunway Nexis is a complete lifestyle centre encompassing leisure, entertainment, recreation and work facilities right at your doorstep. Following the success of Sunway Giza, this innovative development offers modern retail shops, office suites and SoHo with a promising potential for growth.”
These retail shops boast a covered and linked central boulevard complemented by internal landscaping. The office suites overlook the ‘Lifestyles of Health and Sustainability’ (LOHAS) Deck where occupants and visitors can enjoy a view of the Seri Selangor Golf Club and Kota Damansara forest reserve.
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Sunway Nexis Perspective
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• Sunway Merica offers homebuyers an opportunity to relive the intimate lifestyle of old Penang
• Homebuyers who are looking forward to owning a luxurious home to live in are encouraged to register their interest
Sunway Merica, the 3-storey semi-detached homes in Sungai Ara by Sunway City (Penang) Sdn Bhd (SCPSB), a wholly owned subsidiary of Sunway City Berhad (SunCity), is now open for registration.
Sunway Merica is a residential development that allows families to enjoy the comforts of a modern and contemporary lifestyle while retaining the essence of the charm and warmth of old Penang.
These exclusive 3-storey semi-detached homes were designed with a modern minimalist approach while maintaining the functional and conventional practicalities of a home. From wide windows, private balconies to a spacious garden area, there is a cosy corner for everyone in the family. The gross floor area is 3,972 sq ft. | 
Sunway Merica Show Unit
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- Awarded the 2010 Green Asian Townscape Award by the Asian Habitat Summit at Fukuoka, Japan
- Awarded the 2010 Design Grand Award of Chinese Residential Projects by the World Association of Chinese Architects
Opal Damansara in Sunway Damansara has recently achieved two significant milestones due to its impressive design and layout. It is a 248-unit semi-d condominium that was developed by Sunway Damansara Sdn Bhd, a subsidiary of Sunway City Berhad and designed by Arkitek Maju Bina. Defying the conventions of condominium living, Opal Damansara is inspired by a vision of a tropical paradise. Low-density units are nestled amidst lush landscaping to create a pristine and private retreat for those who crave a resort-living lifestyle in the city.
KUALA LUMPUR (11/11/2010) – Seri Pilmoor - the exclusive, sustainable development in the Ara Damansara township – offers innovative security features as Sime Darby Property supports efforts to provide safe and clean township sanctuaries in accordance with the nationwide “Safe City Initiative”.
The safe city programme includes 24-hour surveillance by a network of 22 eco-friendly solar-powered CCTV cameras linked to the onsite, RM1.1million custom-built Ara Damansara Police Station’s sophisticated CCTV surveillance system. The township’s security system also links directly to the Petaling Jaya Police District Headquarters.
Based on government criteria, the Safe City Initiative is the result of a collaboration between Sime Darby Property, the Royal Malaysian Police, the Malaysian Crime Prevention Foundation (MCPF), Selangor State Government and the Ara Damansara Residents’ Association to reduce crime while fostering community spirit.
The innovative “Safe City” concept affords residents of the new exclusive, low-density development Seri Pilmoor complete peace of mind. The exclusive Perimeter Power Fence security system incorporates a sophisticated intrusion detection system. Beyond that, Seri Pilmoor’s 2,700 sq ft entrance conservatory “The Lanai” houses an elevated security post where state-of-the-art monitoring occurs via a network of sensors cleverly built in to each house. Community welfare comes further enhanced by a comprehensive 24-hour CCTV system and systematic guard patrols.
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CCTV Camera
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Kuala Lumpur, 28 October 2010 – Sime Darby Property, Malaysia’s premier sustainable community developer, is achieving impressive take-up rates for three of its townships – offering enticing investment opportunities to property buyers.
This is evidenced by the high rates of sales achieved from multiple residential property launches this year at its three townships: Denai Alam in Shah Alam, Bandar Bukit Raja in Klang and USJ Heights, in Subang Jaya.
The three phases of terraced houses at Denai Alam boast an average 85.6% take-up rate, while the two phases at Bandar Bukit Raja average an 93% take-up. The four recent phases at the USJ Heights development averaged an 90% take up, with one phase sold out within three months from launch.
According to Sime Darby Property Berhad Managing Director, Dato' Tunku Putra Badlishah, the trio of recent success stories “speaks volumes for the resilience of Kuala Lumpur’s property market”.
- Menara Binjai is a 35-storey, world-class office tower with a landmark location in Kuala Lumpur’s Golden Triangle.
- Designed from inception as a Green building, it has been awarded dual-sustainable Green building certification – provisional Green Mark Gold from Singapore’s BCA (Building and Construction Authority); Malaysia’s GBI (Green Building Index) Certification in pipeline.
- Targeted completion Q4 2011.
KUALA LUMPUR, 11 October 2010 – Menara Binjai, a 35-storey state-of-the-art Green office tower being built in the heart of KL’s Golden Triangle, has been awarded Singapore’s Provisional Building and Construction Authority (“BCA”) Green Mark Gold Certification.
Menara Binjai is also awaiting the final approval for its certification from Malaysia’s Green Building Index (“GBI”). With these dual Green certifications, Menara Binjai will be the first dedicated office tower in Malaysia to be awarded both awards.
“We are delighted that Menara Binjai has been awarded BCA Green Mark Gold status. Right from the start, the company decided that the design and features incorporated into the tower would use cutting-edge Green technology to reduce the environmental impact wherever possible,” said Chua Guan-Hock, one of the six directors of the developer, Khor Joo Saik Sdn. Bhd.
Located immediately next to the Ampang Park LRT Station, Menara Binjai is a stone’s throw from the Petronas Twin Towers and KLCC, and is easily accessible from all major highways.
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Menara Binjai, Kuala Lumpur's new world-class green address. |
•SunCity transfers its expertise in building townhouses in Klang Valley to Ipoh
•MontBleu Residence is located in Sunway City Ipoh, a vibrant and thriving township
IPOH, PERAK, 2 SEPTEMBER 2010 – Sunway City Berhad (SunCity) continues its successful track record in building townhouses with the launch of MontBleu Residence, its first townhouse development in Ipoh.
Leveraging on the expertise of the Group, MontBleu Residence comprises 220 units of well-planned and modern 3-storey townhouses that is surrounded by lush greenery with a 25 ft wide backyard garden. This is also aligned with the SunCity’s ‘Lifestyles of Health & Sustainability’ concept which promotes green and sustainable developments for a better quality of life.
The development spans over 11.01 acres with standard intermediate built-up from 1,889- 2,066sq ft. Each of the unit comes with 3+1 bedrooms and 4 bathrooms.
The entire gross development value of the project is RM93 million with selling prices starting from RM399,000 onwards. The development is expected to be completed in September 2013.
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YTD 2Q revenue of RM546 million
YTD 2Q profit before tax of RM200 million
YTD 2Q profit after tax and minority interest of RM295 million
SELANGOR, 20 August 2010 - Sunway City Berhad (SunCity) has recorded a revenue of RM262 million and profit before tax of RM113 million for the 2nd quarter ended June 30, 2010. On a year-to-date basis, the Group recorded a revenue of RM546 million and profit before tax of RM200 million.
Comparing the current year-to-date results with the preceding corresponding period in FY2009, there is a growth of 11% in revenue and 54% in profit before tax. SunCity’s positive performance is attributed to contributions by both the Group’s Property Development and Property Investment divisions.
Historically, the company has been paying 20% of its core performance. In 2009, SunCity declared gross dividend of 13 sen. In view of the successful listing of Sunway REIT, SunCity has managed to unlock its value through this exercise. Hence, the Board of Director has approved the payment of an interim dividend of 31 sen per share less 25% income tax for the financial year ending 31 December 2010.
Soon to be launched, ‘Mall that cares’ shows positive signs in its tenant leasing efforts
Promising to bring about new commerce opportunities in the thriving trade centre in Petaling Jaya, SStwo Mall proves to have gained retailers confidence with a host of brands on board as tenants to the mall set to open its doors in Q4, 2010. With a tagline, “It’s almost home”, this RM180 million development by Asian Retail Mall Fund II (ARMF II) is strategically located along SS2/72 and also accessible through Jalan Harapan and the Damansara-Puchong highway (LDP). Spread across an approximated gross floor area of 700,000 square feet with an estimated 200 retail units making up a net lettable area of 470,000 square feet, the five storied SStwo Mall is designed to be a community enclave as a lifestyle neighbourhood shopping complex.
A significant feature of the mall is in line with the SS2 communities’ notability in Food & Beverages (F&B) with 30% of the tenant profile to be made up of F&B offerings. Currently, an optimistic number of signed on tenants are F&B retailers which feature an assortment of goodies to match the palette of a wide variety of foodies. These food outlets will take up space in one of the mall’s key highlights, Haven @ two, which is an open air courtyard dedicated to F&B, providing for unique alfresco style dining. Secret Recipe and Canton Fare are two of the list of outlets to be part of the F&B offer at Haven @ 2. Dynasty Dragon, a notable name in Chinese cuisine, is also making SStwo Mall their pick.
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