Table of Contents

I-Bhd earnings set to rise on unbilled sales (The Star, 6th June 2015) ...................................... 4
KLCCP Stapled Group backed by steady earnings (The Edge Financial Daily, 5th June 2015)
.................................................................................................................................................... 5
RM2.5b Damansara City to fully operate by Q2 2016 (The Star, 10th June 2015) .................. 5
Malton unfazed by BNM's tightening of home loan requirements (theedgemarkets.com, 9th
June 2015) .................................................................................................................................. 6
Jakel unveils maiden property project (The Star, 20th June 2015)............................................ 7
8 Conlay redefines urban luxury living (The Star, 24th June 2015) .......................................... 8
Mitraland fills a market gap in Klang South (City & Country, The Edge Malaysia, 29th June
2015) .......................................................................................................................................... 8
VW Sungai Besi site to make way for RM1b project (The Edge Malaysia, 29th June 2015) .. 9
Foreign buyers help drive DC Residencys 60% take-up rate (theedgeproperty.com, 10th July
2015) ........................................................................................................................................ 11
Lend Lease brushes aside concerns over its JV with 1MDB report (The Star, 7th July 2015)
.................................................................................................................................................. 11
UEM Sunrise inks deal for Hyatt House Hotel in Mont Kiara (The Star, 9th July 2015) ....... 12
Robson Hill Asias Beverly Hills (City & Country, The Edge Malaysia, 13th July 2015) 12
Hong Leong Groups global headquarters heads to Damansara City (The Star, 13th July
2015) ........................................................................................................................................ 13
Sunway Property announces second half launches (The Star, 14th July 2015)....................... 14
Sunway REIT stays cautious in tough environment (theedgeproperty.com, 14th July 2015) . 15
Hyatt House hotel is coming to Mont Kiara (The Star, 13th July 2015) ................................. 16
Bukit Bintang City Centre to launch first phase in December (theedgeproperty.com, 21st July
2015) ........................................................................................................................................ 16
Property company KIP eyes Bursa listing next year (The Star, 23rd July 2015) .................... 17
Mercure hotel sale and leaseback scheme enjoys high take-up rate (theedgeproperty.com,
24th July 2015) ........................................................................................................................ 17
Transforming the urban landscape (The Star, 27th July 2015) ................................................ 18
Iconic 5-star Tropicana The Residences at KLCC (The Star, 29th July 2015) ....................... 19
Mah Sing extends RM656.9m Puchong land deal for mixed development to Aug 26
(theedgemarkets.com, 28th July 2015) ..................................................................................... 21
Yong Tai inks MoUs for RM7b GDV projects (The Star, 3rd August 2015) .......................... 22
Jumeirah Group partners with Oxley Malaysia to operate luxury hotel and residence
(theedgeproperty.com, 12th August 2015) ............................................................................... 22
Desaria makes KLCC debut with The Manor (theedgeproperty.com,22nd August 2015) ....... 23
Eco World to start work on Bukit Bintang City Centre by Q1 2016 (The Star, 19th August
2015) ........................................................................................................................................ 23
3 TRX parcels under negotiations (The Star, 21st August 2015) ............................................. 24
Developer ropes in foreign partner for development of Damansara project (The Star, 20th
August 2015) ............................................................................................................................ 24
Petronas Cititower set to take shape (digitaledge Weekly, 14th September 2015) ................. 25
Tropicana sells Sky Express Hotel for RM55m ...................................................................... 27
Three new hotels to open in PJ near Federal Highway (digitaledge WEEKLY, 22nd
September 2015) ...................................................................................................................... 27
CitiZen@Old Klang Road open for sale next month (The Star, 29th September 2015) .......... 28
ID for YOO8 blends luxury with an Asian touch (City & Country, The Edge Malaysia, 28th
September 2015) ...................................................................................................................... 30
Eco World gets all clear for RM8 bil Bukit Bintang City Centre project (theedgemarkets.com,
1st October 2015) ..................................................................................................................... 30
I-Berhads unit inks hotel management agreement with Hilton Worldwide
(theedgemarkets.com, 29th September 2015) .......................................................................... 31
Branded residences with a real difference (The Star, 2nd September 2015) ............................ 32
UDA to redevelop Kompleks Niaga Utama in Bangsar (theedgemarkets.com, 3rd September
2015) ........................................................................................................................................ 32
Survey: Steady occupancy rates for upscale hotels in KL (The Star, 31st August 2015) ........ 33
Academic township for KL South (The Star, 9th October 2015) .......................................... 34
Harrods Hotel deal is off (The Star, 15th October 2015) ......................................................... 35
SIC: RFP for mixed project next year (New Straits Times, 15th October 2015) ..................... 37
KIP Group ventures into the hospitality business with its first hotel in Sri Utara (The Star,
12th October 2015) ................................................................................................................... 37
Banking on the Kempinski factor (The Star, 24th October 2015) ............................................ 38
Developers project in USJ integrates commercial and lifestyle factors (The Star, 20th October
2015) ........................................................................................................................................ 38
Forces of attraction (The Star, 26th October 2015) .................................................................. 39
MRCB and Cyberview sign deal to develop Cyberjaya City Centre (theedgeproperty.com,
28th October 2015) ................................................................................................................... 40
Public rail transport to boost Sunway Velocity (The Star, 7th November 2015) .................... 41
KSK Lands 8 Conlay to launch first residence tower on Nov 18 (theedgeproperty.com, 14th
November 2015) ...................................................................................................................... 42
KSK ups price of Jalan Conlay project to RM3,200 per sq ft (The Star, 18th November 2015)
.................................................................................................................................................. 42
Multibillion 8 Conlay project in Kuala Lumpur sees 70% booking rate for first residential
tower (theedgeproperty.com, 18th November 2015) ................................................................ 43
Sime Darby seeks buyer for Melaka hotel (The Edge Malaysia, 8th December 2015) ............ 44
8 Conlay makes auspicious grand entrance (The Star, 21st December 2015) .......................... 45
WCT sells Klang hotel for RM16.1m in related party transaction (theedgemarkets.com, 23rd
December 2015) ....................................................................................................................... 45
Branding homes, creating aspirations (The Star, 5th January 2016) ........................................ 46
GuocoLand signs AccorHotels as hospitality managers in Singapore, Kuala Lumpur
(theedgeproperty.com, 6th January 2016) ................................................................................ 47
Sunways newest 4-star hotel to open in February (The Sun Daily, 12th January 2016)......... 47
Sunways newest 4-star hotel to open in February (The Sun Daily, 12th January 2016)......... 48
Damansara City welcomes Sofitel (The Star, 14th January 2016) ........................................... 49
Tropicana sells Sky Express Hotel for RM55m (theedgemarkets.com, 12th January 2016) ... 50
M101 on track to launch 10 projects worth RM4 bil by 2020 (theedgeproperty.com, 22nd
January 2016) ........................................................................................................................... 50
Container Hotel Group, Everly Group to jointly manage international youth hotel in
Roppongi, Cyberjaya (theedgeproperty.com, 18th January 2016) .......................................... 51
Bukit Bintang City Centre serviced apartments priced indicatively at RM1,600 psf .............. 51
Hap Seng plans mixed development in KL Metropolis (theedgemarkets.com, 29th January
2016) ........................................................................................................................................ 52
KLCCPSGs FY15 core net profit of RM746.1m above consensus forecast (The Edge
Financial Daily, 26th January 2016) ........................................................................................ 53
Home for young students (The Star, 28th January 2016) ........................................................ 53
The Ascent Paradigm Offices 50% taken up (theedgeproperty.com, 5th February 2016) ....... 54
Towering plans for Kampung Baru (The Star, 12th February 2016) ...................................... 54
Hospitality: The new Sunway Pyramid Hotel West (The Edge Financial Daily, 1 st March
2016) ........................................................................................................................................ 56
KSKs Kempinski Hotel at 8 Conlay recognised as Entry Point Project
(TheEdgeProperty.com, 9th March 2016) ................................................................................ 56
i-City: Jewel of Western Klang Valley (The Star, 8th March 2016) ........................................ 57
Leadmont Group unveiling Holiday Villa investment scheme by end of March
(TheEdgeProperty.com, 8th March 2016) ................................................................................ 58
PNB offers glimpse into new Merdeka skyscraper set to overshadow Twin Towers
(www.themalaymailonline.com, 16th March 2016) ................................................................ 58
Developers opt for strata route to sell buildings (The Star, 21st March 2016) ........................ 59
Binastra Land in talks with AccorHotels for new hotel brand (TheEdgeProperty.com, 23rd
March 2016) ............................................................................................................................. 60
BBCC draws in Japanese and Singaporean investors (TheEdgeProperty.com, 28th March
2016) ........................................................................................................................................ 61
Lembaga Getah monetising its KLCC land (The Edge Malaysia, 29th March 2016) ............. 62
Establishing a foothold in the property sector (TheEdgeProperty.com, 31st March 2016) .... 63
London-listed Aseana Properties selling Aloft Hotel for RM419mil (The Star, 1st April 2016)
.................................................................................................................................................. 64
Pavilion Hotel to be unveiled in 2Q2017 (TheEdgeProperty.com, 30th March 2016) ............ 64
Shangri-La to open Hotel Jen in the heart of Kuala Lumpur ................................................... 67
02 April 2016 ........................................................................................................................... 67
RM7b Pavilion Damansara project to start in 2Q2016 (theedgeproperty.com, 17th November
2015) ........................................................................................................................................ 69
Selayangs next rising star (City & Country, The Edge Malaysia Weekly 16th November 2016
& theedgeproperty.com, 17th November 2015) ....................................................................... 70
A Shangri-La for Dayabumi (The Star, 17th April 2015) ........................................................ 72
Stamping their mark in Jalan Kia Peng.................................................................................... 73

I-Bhd earnings set to rise on unbilled sales (The Star, 6th June 2015)

Property developer I-Bhd should see earnings picking up, underpinned by its RM550
million unbilled sales and forthcoming launches.
I-Bhd, the master developer of the 72-acre i-City in Shah Alam, posted a 68.9% year-on-
year jump in net profit to RM10.3 million for its first quarter ended March 31, 2015. Its
property development featured strongly in its net profit growth although it was weighed
slightly by pre-opening hotel expenses and seasonality factor in its leisure division.
With a remaining gross development value (GDV) of over RM8 billion encompassing
more than 10 residential and commercial tower blocks, the group may achieve its vision
of RM500 million to RM600 million revenue annually in three years.
I-Bhds property investment division will eventually be a healthy cash cow, with the
integral part being the RM763.9 million Central Plaza @ i-City. This is a first-of-its-
kind regional shopping mall in the country jointly-developed with the Central Pattana
Group, Thailands largest retail developer.
Also, the opening of new attractions at the Leisure Park is expected to contribute to the
growing revenue base of the leisure activities segment, together with the opening of the
three-star Best Western Hotel.
KLCCP Stapled Group backed by steady earnings (The Edge Financial Daily, 5th June
2015)

KLCCP Stapled Groups office division is expected to remain steady. In financial year
2014 ended December (FY14), the office segment was the major contributor to KLCCP
Stapled Group, contributing 44% of its total revenue.

Three of its four office investment properties (Petronas Twin Towers, Menara 3 Petronas
[office portion only] and Menara Dayabumi) have been leased out for long term to its
major shareholder, Petroliam Nasional Bhd.

Menara ExxonMobil is under a five-year lease agreement expiring in January 2017. The
tenancy agreement with ExxonMobil is likely to be renewed. This is in view of the good
relationship established with ExxonMobil and the prime location of the property in the
KLCC Development Area.

The Phase 3 refurbishment of Menara Dayabumi involves the redevelopment of the City
Point podium into a 60-storey office and hotel tower with new retail outlets. KLCC has
secured Shangri-La Hotel Group as tenant to occupy the top half of the tower and to
operate it as a hotel.

Separately, the implementation of the goods and services tax (GST) from the second
quarter of 2015 onwards will affect consumer spending in the short term. This should
moderate the rental reversion growth to 5% in FY15 (from 12% in FY14) as tenants due
for the lease renewal may negotiate for lower increase in rental rates than in the past.

For existing tenants, the rental rate and service charge should remain the same while the
profit-sharing portion is expected to continue to contribute less than 1% of its retail
divisions total revenue.

The retail segment contribution to KLCCP Stapled Groups revenue is 33% while its
hotel divisions revenue declined 36% year-on-year to RM31.5 million in the first quarter
of 2015. This was caused by weaker market demand for luxury hotel rooms in Kuala
Lumpur in line with the plunge in oil prices. Oil and gas accounts within the hotel
division are economising on travel and event expenses for their businesses. In addition,
renovation works have started on Mandarin Oriental Kuala Lumpur in 1QFY15 and this
will likely affect its occupancy rate.

Potential earnings growth is only expected in the longer term after the completion of its
60-storey tower next to Menara Dayabumi in FY19. Potential asset injection from
Petronas (Lot 185 and Lot 91) into KLCC should only happen beyond FY18.

RM2.5b Damansara City to fully operate by Q2 2016 (The Star, 10th June 2015)

The RM2.5 billion Damansara City (DC), the flagship development of Guocoland
(Malaysia) Bhd, is set to operate fully by the second quarter of 2016.

Sprawled over 3.44 hectares in Damansara Heights, the project will consist of two high-
rise residency towers, two Grade-A office towers, a lifestyle mall and a five-star hotel,
and is expected to attract more than 10,000 patrons daily.
 DC residents are welcomed to move in by the end of this year while corporate and retail
tenants can do so by the second quarter of next year.

The residences, comprising 370 units in two 28-storey towers, are reportedly 50 per cent
booked with the corporate towers at 70 per cent and the mall has secured in-principle
agreements for half of the lettable space.

The project which was under the Economic Transformation Programme is set to elevate
Malaysia to a developed nation status by 2020.

DC is technologically advanced with MSC status certification, environmentally friendly

and complies with the Green Building Index (GBI) certified rating.

The developer has invested in an underpass and a flyover into DC from Jalan Beringin
and Jalan Johar.

Malton unfazed by BNM's tightening of home loan requirements (theedgemarkets.com,

9th June 2015)

Malton Bhd has unveiled its iconic development, Bukit Jalil City - an integrated
development which sits on a 50-acre freehold land and carries RM1.5 billion in gross
development value (GDV).

The development is divided into four phases, comprising Phase 1 the development of
3- and 5-storey signature shop offices, Phase 2 building a luxury high-rise park
residence, while Phase 3 and Phase 4 are the development of a regional shopping mall
and a proposed hotel or corporate office tower.

Malton is unfazed by Bank Negara Malaysia (BNM)'s new ruling, which saw the
requirements for home loan applications being tightened.

The 112 units of commercial offices which were launched recently, have been sold.

Currently, Malton has unbilled sales of RM1.3 billion. Its order book standing at RM1.3
billion is expected to keep the company busy for the next three years.

For the third quarter ended March 31, 2015 (3QFY15), Malton posted a 95.4% jump in
net profit to RM5.1 million, from RM2.67 million a year ago. The company attributed
this to the higher billings from its Bukit Jalil City project in Kuala Lumpur and SK One
Residence project in Seri Kembangan.

Cumulative revenue was lower by 38.8% to RM26.42 million from RM43.19 million in
the same period a year ago. Third quarter was RM132.14 million, 29% higher than its
3QFY14 revenue of RM102.62 last year.

For the cumulative period, its revenue came in at RM354.92 million, down 10.9%
compared to RM398.14 million.
Jakel unveils maiden property project (The Star, 20th June 2015)

Jakel Development Sdn Bhd, associated with the successful textile retailer, launched its
maiden residential property project in Cheras last month.

The project, named after silk textile J. Dupion, is a 1.7-acre leasehold development. It
features two 39-storey blocks with 399 units of condominiums ranging from between 800
sq ft and 2, 249 sq ft and 11,000 sq ft commercial space (equivalent to 15-unit retail lots)
with an estimated gross development value (GDV) of RM400 million. The units are
priced between RM680 per sq ft and RM780 per sq ft. About 70% of the residential units
in J. Dupion have already been sold, just a month after launching, while the commercial
space will be leased.

Located at Jalan Sembilang, off Jalan Loke Yew in Cheras, circa 5km from the city
centre, the project is accessible via the Cheras Kajang Highway, Sungai Besi Highway,
East-West Highway and the MRR2. The project is also located in proximity to the
upcoming MRT Line (Taman Pertama Station), which is slated for completion in the first
quarter of 2017.

The group is planning to launch property projects with total GDV of RM3.5 billion in the
next five years.

Dupion Island, an integrated development comprising commercial, residential and retail

components, featuring a shopping mall, apartments, hotels and office space. The project
will be built on the 14-acre site of the former Cheras Velodrome. There are plans to build
a covered walkway to connect the J. Dupion project with the MRT station, which will
also be linked to the Dupion Island project.

Two projects in Wangsa Maju which will comprise three blocks of residential apartments.
It is planned for launch in the second quarter of next year, Jakels property portfolio
comprises shop lots in the vicinity of the Masjid India area in Kuala Lumpur, Bangi,
Cheras, Shah Alam in Selangor and also in Johor Baru.

Jakel Group currently operates 20 stores nationwide and employs close to 5,000 workers.
In terms of sales, Jakel Group has been growing steadily, especially over the past five
years. Its revenue compounded annual growth rate stood at 20% per year.

Having successfully opened the worlds largest standalone textile mall, Jakel Mall, in
Jakel Square in Kuala Lumpur in February, the group has two more malls in the pipeline -
in Seksyen 7, Shah Alam (on seven acres with an estimated GDV of RM1.7 billion) and
in Bangi (about three acres with a GDV of RM850 million).

In 2012, Jakel Group bought the Cap Square north and south towers for more than
RM300 million. Combined, the two retail podiums have a total gross lettable area of more
than one million sq ft.

Subsequently, the group redeveloped Cap Square into Jakel Square, comprising Jakel
textile mall with an area of 330,000 sq ft, a hypermarket, a four-star syariah-compliant
hotel, the first in the country, of more than 300 rooms, and 2,543 car parking bays.
 The mall is also expected to welcome Middle Easts largest hypermarket chain Lulu
Group that operates a big grocery, IT and electronics supermarket chain in Abu Dhabi, in
the later part of this year. Lulu will be occupying more than 300,000 sq ft of space in
Jakel Square.

The Shah Alam project will comprise one textile shopping mall, one Lulu hypermarket,
retail space and three blocks of residences. Lulu is expected to occupy about 250,000 sq ft
of the development. Both malls will have the same concept as the Jakel Mall and will take
about three years to complete. The group is targeting to start construction in Shah Alam
and Bangi in 2017 and 2018 respectively.

8 Conlay redefines urban luxury living (The Star, 24th June 2015)

KSK Land Sdn Bhd has unveiled its upcoming luxury high-rise development that boasts a
desirable address in the Kuala Lumpur. The firms maiden project, 8 Conlay, is an
integrated development, comprising branded residences, a 5-star hotel and a retail
component located at No. 8, Jalan Conlay.

A renowned Bangkok-based landscape firm, TROP, is designing a tropical rainforest

themed landscape for 8 Conlay, marking their first venture in Malaysia. TROP is
transforming the 44th level of the conjoined towers into a chic personal space that
resembles a tropical rainforest in the heart of city centre. The vertical garden space will
portray the idea of a futuristic park that blends architecture and nature.

8 Conlay is a mixed development comprising two branded 57-storey and 62-storey

residential towers connected via two sky bridges at level 44 and 26, coupled with a 68-
storey five-star hotel, as well as a retail component. The two branded residential towers
are scheduled for completion by 2019 and will comprise residential units with built-up
sizes ranging between 682 sq ft and 1,295 sq ft. These towers will be launched in October
2015.

The four floors of retail outlets at 8 Conlay is expected to be completed first, which is by
2018. The freehold development will be fully functional by 2020.

Mitraland fills a market gap in Klang South (City & Country, The Edge Malaysia, 29th
June 2015)

Mitraland Group Sdn Bhd will be building a new landmark in the fast-growing southern
Klang corridor in Selangor. A number of townships, such as Bandar Bukit Tinggi, Bandar
Botanic, Bayuemas and Bandar Parklands, have come up in this area, making Klang a
rising housing and property investment hot spot. Banking on the potential of Klang South,
Mitraland is embarking on a RM1.3 billion mixed-development there called Gravit8.

Gravit8 is located on a 15-acre freehold site in Jalan Klang Banting, opposite the
proposed Johan Setia LRT station. It is also next to the Shah Alam Expressay (KESAS)
heading towards Port Klang.
 The mixed use project with a marine theme will comprise serviced apartments, specialty
retail outlets, a mall, corporate offices, small offices/versatile offices (SoVos) and a
boutique hotel. There are plans to have an eight-acre lake on the site.

In line with the theme, Mitraland also plans to display the first-in mall aquarium in Klang
and set up the royal citys first seafood hub within Gravit8.

The first phase of the development was launched in March and has been seen an
encouraging take-up of 80%. It offers 22 units of three to five-storey shopoffices that
have built-ups of 4,909 sq ft to 18,190 sq ft, priced from RM1.83 million to RM5.5
million. This phase is due for completion by May 2018.

Phase 2A, comprising two towers offering more than 600 units of serviced apartments, is
currently open for registration and is targeting for launch in December. The apartments
with built-ups of 600 sq ft, 750 sq ft, 850 sq ft and 1,000 sq ft have indicative selling price
of RM500 per sq ft to RM550 per sq ft.

Gravit8 Phases 2B, 2C and 3 are scheduled to be unveiled in the next few years. If the
current phase of serviced apartments attracts overwhelming response, the next phase may
be unveiled this year. Phases 2B and 2C, slated for launch next year will offer more
serviced apartments, retail shops, the concept seafood hub, a mall and SoVos while Phase
3 will feature offices, a 150 to 200-room boutique hotel and some retail shops.

The entire Gravit8 project ishould be completed in seven to eight years, depending on
market conditions.

Meanwhile, the target market for Gravit8 comprises local buyers from Kota Kemuning
and other nearby Shah Alam areas. The population in Klang and its surrounding areas
will be able to support the project.

Separately, Mitraland has projects with estimated gross development value (GDV) of
RM2.5 billion that will keep the group busy in the next four to five years. The projects are
spread across various locations in Klang Valley and Greater KL, from Cheras to Mont
Kiara, from Kota Damansara to Puchong and now southern Klang. Soon, Mitraland will
be moving on to Semenyih and even Melbourne, Australia - its first overseas project
currently on the drawing board.

VW Sungai Besi site to make way for RM1b project (The Edge Malaysia, 29th June
2015)

The Volkswagen showroom in Sungai Besi will make way for a mixed-development
project with an estimated gross development value (GDV) of RM1 billion following the
sale of the land on which sits to Binastra Group. The parcel was previously part-owned by
 Eastern & Oriental Bhd (E&O) and it is located a stones throw from the old Sungei Besi
Royal Malaysian Air Force Base, which will develop into Bandar Malaysia project.

Renown Heritage Sdn Bhd, a company equally owned by E&O and Singapores Wearne
Brothers Properties (Private) Ltd, sold the land to Binastra Land Sdn Bhd for RM96
million on June 12, 2015. E&O which holds its stake in Renown through its subsidiary
Teratak Warisan (M) Sdn Bhd, will reap RM31 million from the transaction. At RM96
million, the parcel measuring 177,498 sq ft translate into RM541 per sq ft.

The JV company had rented out the premises to VW dealer, Wearnes Automotive, in
2009. However, Wearnes Automotive need not rush to vacate the premises as the
tenancy was recently renewed for another year and has been novated to the new owner
Binastra Land.

Binastra Land plans to launch a mixed-use development project comprising retail space,
serviced apartments and a hotel in mid-2016 or end-2016.

Binastra Group, which has both a construction and a property development arm, started
out as a construction company in 1979. The company ventured into property development
just a decade ago in 2005. Some of the companys previous projects include 32 Avenue
Phase 2 @ Bukit Serdang and The Park @ Bukit Serdang. Two of its on-going projects
are Green Residence @ Cheras 9th Mile and Cybersquare @ Cyberjaya.

The group has two upcoming projects in Kuala Lumpur, namely CitiZen and City
Wholesale or Pusat Perniagaan City.

CitiZen, located along Jalan Klang Lama, will offer three blocks with 711 units of
serviced apartments

City Wholesale, located near Chow Kit, fronting Jalan Raja Laut and Lorong Haji Taib 3
will be developed with two 10-storey blocks comprising eight levels of retail lots and two
levels of small office/flexible offices (SoFo).

The group has two upcoming projects in Kuala Lumpur, namely CitiZen and City
Wholesale or Pusat Perniagaan City.

CitiZen, located along Jalan Klang Lama, will offer three blocks with 711 units of
serviced apartments.

City Wholesale, located near Chow Kit, fronting Jalan Raja Laut and Lorong Haji Taib 3
will be developed with two 10-storey blocks comprising eight levels of retail lots and two
levels of small office/flexible offices (SoFo).
Foreign buyers help drive DC Residencys 60% take-up rate (theedgeproperty.com,
10th July 2015)

GuocoLand (M) Bhd, the property development arm of Hong Leong Group, is optimistic
that its Damansara City Residency (DC Residency) Tower A will be fully taken up by
year-end.
DC Residency Tower A achieved a take-up rate of 60% during its pre-launch for foreign
investors in May. There has been encouraging response from both local and international
buyers.
Singapore and Cambodia investors showed great interest in the project and half its
60% take-up rate was from Singaporeans.

The selling price for Tower A is RM1,350 per sq ft.

DC Residency will have 370 serviced apartments of a contemporary design with a built-
up area of between 899 sq ft (1 bedroom) and 2,705 sq ft (3+1 bedroom). Tower B of DC
Residency will be open for sale after completion.

Damansara City, with a gross development value (GDV) of RM2.5 billion is located in
Damansara Heights. It comprises two Grade-A office towers; two 28-storey residential
towers called DC Residency; an F&B-centric lifestyle mall; and, a 5-star hotel. The entire
project sits on 8.5 acres of freehold land and will be fully operational by mid-2016.
The flagship integrated development by GuocoLand, will be officially launched this
weekend.

Meanwhile, Hong Leong Bank Bhd will be moving into Tower A of the office towers
after acquiring the building. The 33-storey Grade-A office tower block with a useable
area of 530,000 sq ft will be occupied by the Hong Leong Group.

GuocoLand has already secured agreements in principle with well-known local and
international brands for half Tower Bs 240,000 sq ft net lettable area NLA).

Separately, GuocoLand is also planning to launch three residential projects in Alam

Damai, Sepang and Rawang before the end of the year.

Lend Lease brushes aside concerns over its JV with 1MDB report (The Star, 7th July
2015)

Australia-listed property developer Lend Lease, which in March formed a joint venture
with 1Malaysia Development Bhd (1MDB) to develop a A$2.8 billion (RM8 billion)
project at the Tun Razak Exchange (TRX), has dismissed concerns over the projects
future.

The Lifestyle Quarter, spanning over 17 acres, will comprise a shopping centre integrated
with TRXs multi-layer central park, along with three residential towers and a hotel.
Construction is scheduled to start in late 2015.

The Lifestyle Quarter will be developed in a 60:40 partnership, with Lend Lease taking a
majority stake.
 Lend Lease has operated in Malaysia for over 35 years. Among projects it has been
involved in are the Petronas Twin Towers, Setia City Mall and Pinewood Iskandar
Malaysia Studios.

UEM Sunrise inks deal for Hyatt House Hotel in Mont Kiara (The Star, 9th July 2015)

UEM Sunrise Bhd's wholly-owned subsidiary, Arcoris Sdn Bhd, has inked a management
agreement with an affiliate of Hyatt Hotels and Resorts for a Hyatt House hotel in Mont
Kiara.

Expected to be opened in 2017, Hyatt House Kuala Lumpur, MontKiara, will mark the
first Hyatt House hotel in Malaysia.

The hotel will feature about 298 guestrooms, a three-meal restaurant, 3,100 sq ft (290 sq
m) of meeting space, a fitness centre and sky pool.

It will be part of a larger mixed used development, Arcoris MontKiara, which will also
feature business suites, small home offices (SoHo), residential units, and a retail plaza.

Robson Hill Asias Beverly Hills (City & Country, The Edge Malaysia, 13th July
2015)

Instant Bonus Development Sdn Bhds project, Robson Hill, sits on a 1.5-acre freehold
site in Jalan Robson, Seputeh.

Due to be completed in 2018, the luxury residential development of Robson Hill, with
gross development value (GDV) of more than RM500 million, will feature two 38-storey
towers offering 404 units in total. The typical built-up areas will range from 652 to 1,276
sq ft while the 28 duplexes will have built-ups of 1,534 sq ft to 2,568 sq ft. Prices start
from RM1,260 per sq ft, with typical units costing about RM2 million and duplexes
RM4.2 million.

The high-rise development promises hotel services such as front desk, concierge services,
housekeeping, laundry services, a security-access system and 24-hour security
surveillance. The maintenance fee is estimated to be 50 cents per sq ft.

The project will also feature a mini theatre for the residents and a sky lounge on the
rooftop offering breath-taking 360 views of Kuala Lumpur. Other unique features of the
building is its anti-seismic (earthquake resistance) design.

Instant Bonus Developments is planning to position Robson Hill as Asias version of

Beverly Hills. Its target market will be celebrities and investors who appreciate the
celebrity lifestyle with half of the buyers to be locals and other half from Singapore, Hong
Kong, Taiwan, Singapore, Japan and China.
 The date of the official launch of the two-phased development has yet to be fixed.
Currently, there is only priority bookings and also bookings by invitation. Nonetheless,
the exclusive previews and marketing exercise have reportedly achieved a take-up of 40
units.

Hong Leong Groups global headquarters heads to Damansara City (The Star, 13th
July 2015)

GuocoLand (Malaysia) Berhad has confirmed that its flagship development, Damansara
City, has been chosen as the future home for the Hong Leong Groups global
headquarters. The 33-storey Grade-A office tower block in the southwest (direction) end
of the iconic development, will be the star anchor tenant within Damansara City, once it
is fully occupied by the end of second quarter next year. Office Tower As 530,000 sq ft
of usable area will be progressively handed over to various operating companies within
the Hong Leong Group in coming months.

The jewel of Damansara Heights, Damansara City is an integrated city development on

8.5 acre, consisting of two Grade A office towers; two towers of luxury residences
known as DC Residency; an F&B-centric lifestyle mall; and a 5 star hotel. The entire
project will be fully operational by mid-2016.

Damansara City, with a gross development value (GDV) of RM2.5 billion, is an Entry
Point Project (EPP) under Malaysias Economic Transformation Programme. It has been
identified as a key component and driver of one the fastest growing business districts in
the Greater Kuala Lumpur area with strong and growing interest from buyers and tenants
across South East Asia.

The Hong Leong Group is a leading conglomerate based in Malaysia with diversified
businesses in banking & financial services, manufacturing & distribution, property
development & investment, hospitality & leisure, and principal investment. The Group
today controls a number of listed companies in various stock exchanges with hundreds of
operating subsidiaries and associate companies in Malaysia to North and Southeast Asia,
Western Europe and the UK, as well as North America and Oceania.

The office spaces at Damansara City are setting a new benchmark, the office towers are
MSC-status ready developments that comply with the Green Building Index (GBI)
Certified rating; the Leadership in Energy & Environmental Design (LEED) Gold rating;
and CONQUAS Quality Assessment for its building construction works.

Hong Leong Group is the first of several prominent brands that are moving their
corporate headquarters to Damansara City. DC Mall, the soon to be opened lifestyle and
F&B heart of Damansara City is also seeing strong demand for its space as it has already
secured in-principle agreements with some well-known local and international brands for
half its lettable space.
Meanwhile, DC Residency offers two 28-storey residential towers, consisting of 370
contemporarily designed serviced apartments with built-up areas (for typical units)
ranging between 899 sq ft (1-bedroom) and 2,705 sq ft (3+1 bedroom).
 Damansara City is expected to have an initial traffic of 10,000 people daily working
within the integrated development and average another 6,000 visitors when it is fully
operational.

GuocoLand has built an enviable track record as a leading property developer with a
history that spans over 50 years in residential townships, commercial and mixed
development projects in Malaysia such as the upcoming master planned townships
Emerald Rawang and Pantai Sepang Putra, as well as upcoming Alam Damai and Jasin. It
is part of the Singapore-based GuocoLand Ltd, which is a leading regional property
player with established operations in China, Singapore and Vietnam.

Sunway Property announces second half launches (The Star, 14th July 2015)

Malaysias master community and top developer, Sunway Property, announced that the
corporation will keep to its total sales target of RM1.7 billion this year.

In the past six months, the developer has further strengthened its position as a master
community developer with the launch of Malaysias first elevated Bus Rapid Transit
(BRT) Sunway Line, which connects the 500,000 commuters in the Sunway and
Subang Jaya areas to the rest of Klang Valley; the opening of Sunway Universitys new
12-storey academic block; joint-venture (JV) with Daiwa House from Japan to build 100
units of high quality pre-fabricated landed homes in Sunway Iskandar; and the soft launch
of the 600,000 sq ft Sunway Putra Mall in KL City Centre.

In the next six months, the developer will continue to track sentiment and plan
accordingly to launch a total of six projects.

In Klang Valley, the new launches include Sunway Gandaria in Bangi, Casa Kiara 3 in
Mont Kiara, new retail and office units within Sunway Velocity in KL South, and
Sunway Geo Residence 3 in Sunway South Quay, Bandar Sunway.
Sunway Gandaria is a leasehold 2.06-acre project in Bangi, Selangor, which consists
of 259 units of service apartments and 34 retail units. This projects targets to gross an
approximate of RM226 million GDV.
Casa Kiara 3 in Mont Kiara, expected to gross RM336 million GDV, will be developed
on a 2.88-acre freehold land and will comprise 288 units. The development will feature
dual-key units.
Sunway Velocity - 24 units of retail shops and another 40 units of office suites in the
RM4 billion freehold integrated development that consists of a shopping mall, residences,
offices, retail shops, hotel, medical centre, and a two-acre Central Park. The retail,
hospitality and healthcare components comprising 40% of the integrated city, will be
built, owned and operated by Sunway. The development will be served by upcoming
MRT and LRT stations.
Sunway Geo Residences 3, at Sunway South Quay, the final launch in the development
comprising 420 units of condominiums and 44 units of townhouses. The 23.4-acre
integrated development with an estimated RM2 billion GDV is located within the
growing education and healthcare precincts of Sunway Resort City and is served by the
newly launched Bus Rapid Transit (BRT) Sunway Line.

In Penang, the developer will launch 48 units of landed homes in Sunway Cassia, Batu
Maung with an approximate GDV of RM90 million.
 In Sunway Iskandar, Sunway Property will launch its first 196 units of landed homes
called Sunway Emerald Residence, at the Lakeview Precinct, which is next to the Sunway
International School (SIS) Sunway Iskandar.

In the first half of the year, the developer has acquired a new 17-acre land bank in Kelana
Jaya to develop exclusive residential enclaves with a lake and golf course views with
estimated GDV of RM1.8 billion.

Sunway Property is also planning its first integrated development in Paya Terubong,
Penang, on a 24-acre freehold land. The estimated GDV for the development is

RM1.5 billion, which consist of commercial, SOHO high-rise residential and a 1.4
million sq ft shopping mall.

While there had been no new launches from the property development division, the
developer had secured sales valued at RM500 million for the first half of the year on its
on-going projects, despite the weaker market sentiment.

The groups unbilled property sales of RM2.5 billion combined with its remaining land
bank of 3,343-acre as of July 2015 and a total GDV of RM50.4 billion will keep the
property division busy for the next 15 years. The total value of Assets Under
Management of the division as of 31 December 2014 was more than RM7 billion with a
total net lettable area (NLA) exceeding 8.3mil sq ft, is expected to generate healthy
recurrent income for the group.

Sunway REIT stays cautious in tough environment (theedgeproperty.com, 14th July

2015)

Sunway REIT Management Sdn Bhd is adopting a cautious approach for its future
acquisitions because of stiffer competition in the office, retail and hospitality property
segments.

The company anticipates a softer property market ahead, and has adopted a more cautious
and prudent strategy for third-party acquisitions since last year. It is now focusing on
unlocking value in newly injected assets such as Sunway Putra Mall, which located in
Jalan Putra, Kuala Lumpur.

Sunway Putra Mall is a refurbishment project by Sunway REIT, comprising Sunway

Putra Hotel, Sunway Putra Tower (offices) and a retail mall. It will be fully completed by
year-end. The office tower is now 61% occupied.

The three-in-one, integrated development (hotel, tower and mall) is a strong value
proposition and will attract the right tenants and guests.

Separately, the company aims to grow its total assets to RM7 billion by 2017 from RM5.8
billion presently. It is considering possible opportunities in education assets, data
[centres], logistic warehouses or industrial properties.
 The companys current asset portfolio includes the retail, hospitality, office and medical
subsectors.

Hyatt House hotel is coming to Mont Kiara (The Star, 13th July 2015)

Arcoris Sdn Bhd, a wholly-owned subsidiary of UEM Sunrise Bhd has entered into a
management agreement with an affiliate of Hyatt Hotels & Resorts for a Hyatt House
hotel in Mont Kiara.

Expected to open in 2017, the hotel will be part of a larger mixed use development,
namely Arcoris Mont Kiara, which will also feature business suites, small home offices
(SoHo), residential units and a retail plaza.

Hyatt House Kuala Lumpur, Mont Kiara, will mark the first Hyatt House hotel in
Malaysia that will feature approximately 298 guest rooms, a three-meal restaurant, 3,100
sq ft of meeting space, a fitness centre and a sky pool.

Hyatt House Kuala Lumpur, Mont Kiara completes the overall implementation plan of
our award-winning Arcoris Mont Kiara development, which is designed by the London-
based architectural firm, Foster + Partners.

Bukit Bintang City Centre to launch first phase in December (theedgeproperty.com,

21st July 2015)

Bukit Bintang City Centre (BBCC) project, the consortium project spearheaded by UDA
Holdings Bhd, Eco World Development Group Bhd and the Employees Provident Fund
(EPF), plans to launch its first phase by the end of this year.
Kuala Lumpur City Hall (DBKL) has approved the development order (DO) for the
masterplan this month. Once DBKL approves the detailed DOs, tenders for the
construction works will start soon. The detailed DOs are for each component of the first
phase of the project -- shopping mall, strata offices, hotel and high-rise residences.
Meanwhile, the joint-venture (JV) agreement with EPF, Mitsui Fudosan Co Ltd and Sony
subsidiary Zepp Entertainment are currently in the final stages of negotiations.
UDA has pledged to award half of the construction works of the development to
bumiputera companies.
The BBCC project, which sits on the tract of former Pudu Prison, has an estimated total
development cost of RM5 billion. It has a gross development value (GDV) of RM8
billion.
Both Eco World and UDA hold a 40% equity stake in the special purpose vehicle (SPV)
that undertakes the development project on a 19.4-acre (7.85-hectare) parcel of prime
land strategically located between Jalan Pudu and Jalan Hang Tuah, near the bustling
Bukit Bintang area. The EPF holds 20%.
As the landowner, UDA will receive RM1 billion in development rights from the SPV for
the redevelopment.
Property company KIP eyes Bursa listing next year (The Star, 23rd July 2015)

Plans are already in the pipeline for Kuala Lumpur-based property company KIP Group
to be listed on Bursa Malaysia next year.
The company is currently undertaking the necessary steps to prepare itself to become a
public-listed entity. It is also building up its assets now for listing purposes and looking at
the real estate investment trust segment as its core activity.
The company recently held the groundbreaking ceremony for its freehold high-rise
condominium project, 8scape@Iskandar Malaysia near Taman Sutera. The project on a
3.72-hectare site comprises four tower blocks of 25-storeys each, offering 1,255 units of
condominiums with built-up areas ranging from 808 sq ft to 1,654 sq ft.
The average selling price for the condominiums in the first two blocks is between RM450
per sq ft and RM500 per sq ft while the indicative price for the last two blocks will be
from RM550 per sq ft onwards.
The project, with a gross development value (GDV) of RM700 million, is expected to be
completed in the first quarter of 2018.
The company is confident that the project will do well despite negative reports of a
property oversupply in Iskandar Malaysia, especially in the high-rise residential property
segment. Some 60% of the units in the first two blocks have already been sold and the
company will soon submit its application for the release of bumiputra units to the non-
bumi buyers.
Iskandar Malaysia will be the main factor to continue driving property demand in south
Johor.
The company had made its foray into the Johor Baru market during the 1997/1998 Asian
financial crisis with Tampoi Indah long before the launch of Iskandar Malaysia on
November 4, 2006.
Separately, KIP will open its community mall KIP Mart in Sepang, Selangor, in the first
quarter of 2016, to be followed by Sungai Buloh, Selangor, and Sungai Petani, Kedah, in
the third quarter, and Kuantan, Pahang, and Kulim, Kedah, in the first quarter of 2017.
The company is also looking for suitable land (between 4.04 hectares and 7.28 hectares)
in Batu Pahat, Kluang, Muar and Gelang Patah in Johor to open more KIP Mart outlets
within the next two years.
KIPs first 200-room boutique hotel, KIP Hotel in Jalan Ipoh, Kuala Lumpur, will open
for business in September this year before expanding to Sepang, Selangor, and Bachang,
Malacca, in 2017.
Mercure hotel sale and leaseback scheme enjoys high take-up rate
(theedgeproperty.com, 24th July 2015)

The Mercure Hotel in Kota Kinabalu that offers a sale and leaseback scheme has received
overwhelming response from local and foreign investors, with 120 suites already taken
up.
 According to a statement by global property consultant Knight Frank Malaysia, the
hotel offers 130 units of fully furnished suites for interested investors. The sizes of the
suites range from 642 sq ft to 1,370 sq ft, with layout selections of one, two and three-
room suites. Only 10 units are left, selling from RM726,000 to RM1,494,000.

Mercure Hotel is located at Kota Kinabalu City Centre, 550m away from the Kota
Kinabalu Ferry Terminal.

The 25-storey hotel will comprise 315 hotel rooms and suites, with room sizes ranging
from 689 sq ft to 1,475 sq ft. Facilities include rooftop swimming pool, rooftop gym, spa,
restaurant and bar. With its proximity to the South China Sea and Signal Hill Park,
Mercure Hotel will enjoy both sea and forest views.

The construction of the hotel started in 2012 and will be completed by year end. It should
open its doors in January 2016.

The four-star hotel will be managed and operated by French company, Accor Group
this is its first Mercure brand hotel in Malaysia. Mercure Hotel is one of Accor Groups
11 hotel brands. Currently, the group has nine hotels under four brands in Malaysia,
namely Pullman, Novotel, Ibis and Avangio.
Transforming the urban landscape (The Star, 27th July 2015)

The city skyline, once filled with generic concrete buildings, looks all set to change
with glittering towers that soar majestically above the rest.
Kuala Lumpur is undoubtedly a magnet for international corporations and their
professionals, along with tourists and expats. Its no surprise that foreign investors are
attracted to the excellent infrastructure, rich cultural melting pot and a competitive
currency exchange rate.

Developers are thus jumping at the opportunity to provide luxurious residential

properties for these corporate powerhouses and discerning expatriates, all housed
within a prestigious address. There are many reasons as to what makes the address of
KL an enviable and much sought-after one.

Designer lifestyles
Tropicana Corp Bhds The Residences, with its moderately sized units priced
reasonably, sets out to nurture that feeling by showcasing how glamorous nature
can be. Inspired by the distinctiveness of haute couture and the bold colours of the
heliconia plant, the result is an exterior and public space that makes an impressive
statement of exclusivity.
KSK Lands 8 Conlay, a trio of compellingly charismatic towers, further redefines
the KL skyline.
The Opus brings a whole new level to the love for city-living. From the reception
of the designer lobby to the sophisticated car park, every international need and
want is carefully tailored to.

Excellent connectivity
Property gurus have only one mantra, and that is Location. More people are
choosing to live in urban areas as they seek out properties located in high return
 and low risk areas, preferably within close proximity to amenities and public
transportation.
8 Conlay is strategically located in the heart of KLs Golden Triangle, in close
proximity to the Raja Chulan monorail station and the proposed MRT station at
Jalan Conlay.
At Opus, residents are located in close proximity to the KL118 tower, which will
have a MRT station within. Besides the major roads in the locality such as Jalan
Syed Putra and Jalan Mahameru, there are monorail stops right nearby which
further connects to both KLIA and KLIA2 via KL Sentral.
The Residences, meanwhile, is sited along the intersection of Jalan Ampang and
Jalan Yap Kwan Seng. Its residents will also be able to walk to the KLCC LRT
station and the Bukit Nanas monorail station.

Happiness and health

At Opus, the carefully thought-out facilities area brings direct advantages to the
residents, with a galaxy swimming pool, floating yoga deck and rooftop fully fitted
kitchen for al fresco dining, to name a few. No detail is spared when it comes to
giving the best experience. From the columns, beams and hardscapes, to colours,
details and softscape, it is all about a sustainable lifestyle.
The Residences has a maximised plot ratio that allows for a 360-degree view.
Residents will be able to immerse themselves in some of the facilities available,
namely the tranquil saltwater sky pool, forest lounge, misty walk, aquarobics zone
and gourmet loft. A new inspiration emerges from this development, where fashion
is merged with artistic landscaping, creating a verdant retreat at the very top of the
building.
8 Conlays 44th floor features a unique elevated jogging track encircling a tropical
forest garden, a perfect replica of Malaysias hilly and lush terrain that residents
can enjoy within the comforts of home. Partnering with Kempinski Hotels,
Europes oldest hotel management company, 8 Conlay is set to bring impeccable
personalised services to its residents, allowing them to indulge in true five-star
luxury.

Iconic 5-star Tropicana The Residences at KLCC (The Star, 29th July 2015)

Kuala Lumpur is up-scaling its status as a liveable city with a number of infrastructure
projects that will improve the quality of living environment in the capital city, and
proof of its growing popularity as a choice address is seen in the growing number of
property projects being built to cater to the expanding city dwellers and business
travellers.

The capital citys premier address is undoubtedly still Kuala Lumpur City Centre
(KLCC) given the premium attached to its proximity to the iconic Petronas Twin
Towers, Malaysias national landmark, and to the other lifestyle conveniences.

Development projects that bear the KLCC address command a premium over those that
are located further away in the other fringe areas of Kuala Lumpur.

Given that there are quite a number of projects coming up around the KLCC area,
developers have to put in extra efforts and creativity to ensure their projects have
 unique selling propositions, outstanding amenities, facade and features to stand out
from the rest in the market.

Tropicana Corp Bhd is building its most ambitious development, Tropicana The
Residences at KLCC (The Residences), on a 1.28-acre plot of freehold land along Jalan
Ampang, Kuala Lumpur.

Tropicana Corp has engaged the services of international architectural firm, Skidmore,
Owings & Merrill, well-known for its feat in designing international landmarks such as
Dubais Burj Khalifa, the tallest building in the world, and New Yorks One World
Trade Centre, to up the game for The Residences into another spectacular iconic
landmark.

Scheduled to complete in mid-2017, The Residences will be a frontrunner in the

development of this fast growing segment of luxury and branded residences in the city
centre of Kuala Lumpur.

The Residences will be anchored by the very first W Kuala Lumpur Hotel in a stunning
55-storey tower, designed by Skidmore, Owings & Merrill that is working together
with Veritas Architects Sdn Bhd in Kuala Lumpur.

When completed, The Residences will be the highest residential apartments in Kuala
Lumpur, soaring higher than the soon-to-be-completed 48-storey St Regis Hotel and
Residences at KL Sentral.

The Residences that comprises 353 fully furnished service residences will occupy the
25th to 53rd floors of the 55-storey tower block. The hip and upscale W Kuala Lumpur
Hotel, a luxury hotel chain owned by Starwood Hotels & Resorts Worldwide, will have
150 rooms on the 8th to 23rd floors. The project will have a gross development value
(GDV) of RM800 million.

The uniquely designed residences offer four types of swanky layouts with built-up area
ranging from 710 sq ft to 2,973 sq ft.

Besides the unique facades and architecture design, the softscapes and amenities of The
Residences are just as opulent a rooftop facility floor that offers the perfect place to
chill out with unobstructed view of Kuala Lumpurs sprawling and colourful city vista,
saltwater infinity pool, a forest-themed lounge, multi-purpose area on the roof known
as the Gourmet Loft and a first-of-its-kind aqua gym. The Residences will also come
with concierge service where residents will be able to enjoy butler service that will
arrange services that ranges from transport to laundry and dry cleaning.

The Residences will be managed by Tropicana Corp, a pioneer in resort-style home

concepts with a strong track record in high-end residential and commercial
developments.

The Residences has been categorised as a green building with resource and energy-
efficient features in daily operations like powering lifts and other utilities.
 The project was launched on March 21 across six countries Malaysia, Singapore,
Taiwan, China (ChengDu and Shanghai), Indonesia and Hong Kong at private bars
for specially invited guests. Most of the buyers comprise young professionals and
business owners from Hong Kong and Singapore.
Mah Sing extends RM656.9m Puchong land deal for mixed development to Aug 26
(theedgemarkets.com, 28th July 2015)

Mah Sing Group Bhd announced today that the group, together with the owner of a prime
leasehold tract in Puchong measuring 88.7 acres, have mutually agreed to give Mah Sing
until Augusy 26 for it to decide if it will proceed with or cancel its RM656.9m acquisition
of the said land.

Mah Sing had previously announced in August last year that the proposed acquisition
initially expected to be completed in the second half of this year was for a mixed
development for which it had estimated would carry a gross development value (GDV) of
RM9.3 billion.

Under the sales and purchase agreement (SPA) inked with the landowner Huges
Development Sdn Bhd last year, its wholly-owned unit MS Lake City Sdn Bhd was
supposed to confirm this month whether it would proceed with or rescind the SPA, which
has now been extended to August 26.

Meanwhile, Mah Sing had previously announced that the acquisition would increase the
group's GDV and unbilled sales by approximately 23% to RM50 billion and bring about
earnings visibility for the next eight to 10 years.

The project has an estimated GDV of RM9.3 billion. Mah Sing has proposed to acquire
the 88.7-acre (35.9-hectare) tract in Puchong for RM656.9 million or RM170 per sq ft
from Huges Development Sdn Bhd.

Mah Sing was granted a four-year deferred term on the purchase, whereby 10% of the
consideration will be paid upon the signing of the agreement, with the balance 90%
stretched over 48 months.

Mah Sing said it plans to develop serviced residences, office towers, shop offices, retail
lots, a retail mall and a hotel on the land.

The development of the project, work on which was expected to begin this year, would
stretch over a period of 10 years.

Mah Sing had also said then that the units would cater to the mass market and medium- to
high-income households, and that the prices of the serviced residences would start from
RM585,000.
Yong Tai inks MoUs for RM7b GDV projects (The Star, 3rd August 2015)

Yong Tai Bhd has entered into five MoUs which will provide it with five potential
property development projects with a combined gross development value (GDV) of
approximately RM7 billion over the next eight years.

On Monday, the company entered into MoUs with PTS Impression Sdn Bhd, Yuten
Development Sdn Bhd, Terrawest Resources Sdn Bhd, Land & Build Sdn Bhd and
Admiral City Sdn Bhd.

The potential projects comprise tourism and mixed developments at Kota Laksamana,
Malacca, comprising the Impression Melaka and Impression City projects, an
upmarket and luxury service apartments project at Jalan U-Thant, Kuala Lumpur, a mixed
development project comprising a one tower block of small office versatile office
(SOVO) units and one hotel tower in Puchong, Selangor as well as a mixed development
project comprising retail and SOVO units, hotel and office suites in Johor Bahru, Johor.

The MoUs entail the proposed acquisition of the entire equity interest in PTS Impression,
Yuten, Terrawest, and Land & Build.

PTS Impression is licensed to produce and stage Impression Melaka, while Yuten has a
joint-venture to develop 1.2 acres in Jalan U-Thant for a high-end residential project.

Terrawest owns 1.5 acres in Puchong slated for a potential mixed development project,
and Lang & Build has the development rights for a 1.77 acre mixed development project
in Johor Baru.

The MoUs also include the proposed acquisition of 17 acres of seafront land in Malacca
to be developed into a theatre mainly for production of Impression Melaka, as well as a
joint development of 100 acres of leasehold land in Malacca, adjacent to the Impression
Land.

The MoUs and proposals are in line with the groups plans to grow its property
development business segment through land acquisitions.

Of the five potential projects, development projects in Malacca may potentially contribute
RM6.3 billion worth of GDV, while Klang Valley and Johor Bahru may potentially
contribute RM341 million and RM363 million each.

Jumeirah Group partners with Oxley Malaysia to operate luxury hotel and residence
(theedgeproperty.com, 12th August 2015)

Global hotel company Jumeirah Group has inked a deal with Oxley Malaysia to operate a
luxury Jumeirah hotel and branded residences at Oxley Malaysias integrated
development along Jalan Ampang, Kuala Lumpur.
 Jumeirah Kuala Lumpur Hotel will feature 190 rooms and suites, two restaurants, a
lounge and a bar, as well as a spa, a fitness club and a swimming pool, while its
residence, Jumeirah Living Kuala Lumpur will feature 273 units of residences.

Jumeirahs hotel and residences will occupy part of a three-tower project that will come
up on a tract measuring over 135,000 sq ft.

Construction is expected to start in 2016, and will be completed in 2021.

Jumeirah Group operates 23 hotels in Europe, the Middle East and Asia, and has 25
upcoming projects in the pipeline. Currently, the group is planning to expand its
operations in Singapore, Thailand and Cambodia.
Desaria makes KLCC debut with The Manor (theedgeproperty.com,22nd August 2015)

Desaria Group of Companies might not be a big name in the property development
industry, but it is set to make a name for itself with a development in KLCC.

It plans to launch The Manor which on a 1.5-acre parcel on Persiaran Stonor, Kuala
Lumpur, just next to Etonhouse International School, by the end of this year.

This RM900 million project will offer large units compared with recently launched
developments in the area that offer unit sizes of between 800 sq ft and 1,200 sq ft.

The Manor will have 212 condominium units with a built-up area of between 2,426 and
7,356 sq ft. Prices start at RM1,100 per sq ft.

Desaria Group will engage hospitality service provider Alorie Hotels & Resorts to
manage the property and offer hospitality services at The Manor upon its scheduled
completion in the fourth quarter of 2018. It will operate the concierge and an optional
housekeeping service for residents.

Desaria Group is eyeing buyers from Asia and Middle East.

Eco World to start work on Bukit Bintang City Centre by Q1 2016 (The Star, 19th
August 2015)

Eco World Development Group Bhd is expected to start construction of the RM8.7 billion
Bukit Bintang City Centre (BBCC) project by the first quarter of 2016, once it has
obtained the development approval from the Kuala Lumpur City Hall.

The company will prepare the pre-marketing for the launch of the project by year-end.

The former Pudu jail site has been approved for a mixed residential and commercial
development comprising a retail mall, an entertainment block, strata offices, office tower,
two hotels, and serviced residences and apartments.

The development period is expected to be about eight to 10 years.

 BBCC Development Sdn Bhd is a special purpose vehicle, jointly set up by Eco World,
Uda Holdings Bhd and the Employees Provident Fund (EPF) for the purpose of
developing the BBCC project.

Eco World had on February 4, 2015, entered into shareholders' agreement with UDA
Holdings and the EPF to jointly invest and fund BBCC as the vehicle to undertake the
development of the project.

Separately, Eco World remains confident of achieving its RM3 billion sales target this
year, due to the number of on-going projects in its township developments currently.

3 TRX parcels under negotiations (The Star, 21st August 2015)

The development of the Tun Razak Exchange (TRX) is on schedule, with negotiations
underway with investors for three more parcels, according to 1MDB Real Estate Sdn Bhd
(1MDB RE).

On-site progress is the near-completion of RM163 million worth of infrastructure works

with pre-qualification exercise for the second package underway, having started late last
year.

The total infrastructure cost of the entire 70-acre financial and business district is
estimated to be close to RM3 billion. Work started in 2013.

So far, the TRX has attracted four investors. They are the Lend Lease group with 17
acres, Lembaga Tabung Haji (LTH) (1.56 acres), Indonesias Mulia group (3.4 acres) and
Affin Bank Bhd (1.25 acres).

Australia-based Lend Lease will be building a mall, a five-star hotel and three apartment
blocks on the 17 acres. LTH will be building a residential tower, while Mulia and Affin
will be building offices. The gross floor area for TRX is 21 million sq ft.

Ground works for Signature Tower started in July. Other work-in-progress involves the
relocation of the market traders to another site in Pudu this year.

1MDB RE is the wholly owned subsidiary of 1Malaysia Development Bhd (1MDB).

Developer ropes in foreign partner for development of Damansara project (The Star,
20th August 2015)

Tan Sri Desmond Lim has once again managed to rope in a strategic foreign partner for a
large-scale development in Kuala Lumpur. The low-profile property baron, who owns the
Pavilion Group of malls, has managed to partner Canada Pension Plan Investment Board
(CPPIB) in a joint venture (JV) for the development of his massive project in Pusat
Bandar Damansara (PBD).
 CPPIB is investing RM485 million for a 49% interest in a JV with the Pavilion Group in
the Pavilion Damansara Heights development.

The JV with the Canadian pension fund will involve the development of two plots of land
totalling some 15 acres within the PBD area that has a total of 46 acres. Development of
the second phase, which will reportedly comprise commercial, residential and retail
segments, with the added element of public transportation, is slated to start in the first
quarter of next year.

The first phase of Pavilion Gr

oups plans for PBD is for a total rejuvenation of the 9.5-acre site into a commercial and
residential hub replete with office towers, private residences, a hotel, and retail mall.

PBD used to house nine blocks of office buildings, which are being torn down. In its
place, nine office blocks are being built, with the highest at 20 floors. There are also
several service apartment blocks being built there.

The office blocks are being sold at RM1,400 per sq ft while the serviced apartments
which are to be sold next year will reportedly be priced from RM1,600 per sq ft.

The other stakeholders in the PBD area are the Hong Leong groups Guocoland (M) Bhd
that has 8.5 acres that is nearing completion, while Selangor Properties Bhd has 13 acres.

Originally, Selangor Properties was the land owner of all the land and had developed the
previous PBD.

Petronas Cititower set to take shape (digitaledge Weekly, 14th September 2015)

State-controlled oil company Petroliam Nasional Bhds wholly-owned subsidiary, KLCC

Holdings Sdn Bhd, and its partner Qatari Diar Real Estate Investment Co are understood
to have invited interested parties for a pre-screening process for its RM5 billion project in
the city centre, dubbed Cititower.

The deadline for expression of interest was August 21 and had reportedly attracted a
number of the larger construction players in the country.

The development is coming up on a 1.6-hectare plot located in the eastern corner of the
Kuala Lumpur City Centre, sandwiched between Suria KLCC and the Asy-Syakirin
mosque, which faces the KLCC Park.

Cititower Sdn Bhd (formerly known as KLCC Utilities Sdn Bhd) is owned equally by
KLCC Holdings and QD Asia Pacific Ltd a unit of Qatari Diar Real Estate Investment,
which in turn is a unit of the Qatar Investment Authority (QIA).

In April this year, Maybank Investment Bank Bhd and CIMB Investment Bank Bhd inked
a deal with Cititower for a 20-year RM3.2 billion syndicated Islamic term loan.
 The development will include the construction of a nine-storey retail podium, a 59-storey
hotel, an 80-storey office tower, a linkway between Suria KLCC and the project, a ramp
in Jalan Ampang and landscape works, among others.

The project is targeted to kick off in the first quarter of 2016. The piling work has already
begun on the site. Construction basically comprises structural works (excluding piling
works), architectural, mechanical and electrical, faade cladding, interior fit-out, external
works and other associated works.

The Fairmont, Raffles or Swissotel brands could have a hand in the 59-storey hotel,
considering that the Qatari investment arm and Saudi Arabian prince al-Waleed Talals
Kingdom Holdings Co control FRHI Hotels & Resorts.

However, in June this year, rumours were rife that Prince al-Waleed and the Qataris had
appointed Deutsche Bank and Morgan Stanley to conduct the sale. Collectively, the two
could have as much as 75% equity interest in FRHI.

The two partners have strong credentials. As at December 31, 2013, KLCC Holdings
registered an after-tax profit of RM776 million on revenue of almost RM3.9 billion. Its
non-current assets stood at RM20.4 billion and current assets in excess of RM5 billion.
On the other side of the balance sheet, it had long-term borrowings of RM7.7 billion and
short-term debt commitments of RM4.5 billion. Reserves were more than RM7.8 billion.

KLCC Holdings is the controlling shareholder of KLCC Property Holdings and KLCC
Real Estate Investment Trust with a 64.7% stake.

KLCC Property Holdings was floated on Bursa Malaysia in August 2004 but in 2013, the
company undertook a corporate restructuring where the group was converted into a
stapled structure known as KLCCP Stapled Group the existing ordinary shares of
KLCC Property were stapled with the units of KLCC Real Estate Investment Trust. In
May 2013, KLCCP Stapled Securities was listed on Bursa Malaysia under REITs.

Some of the properties in the group include the 88-storey Petronas Twin Towers, the 58-
storey Menara 3 Petronas, the 29-storey Menara ExxonMobil, the 36-storey Menara
Dayabumi, the 49-storey Menara Maxis and the Mandarin Oriental Hotel, Kuala Lumpur.

Qatari Diar Real Estate Investment was established by QIA the sovereign wealth fund
of the state of Qatar in 2005. As at January 2012, it was capitalised at US$4 billion and
had more than 49 projects being developed or in the planning stage in Qatar and 29 other
countries around the world with a combined value of over US$35 billion.

The Cititower project commenced in January 2012 and is expected to be completed by

mid-2020.

The property market has softened considerably recently, which would indicate that the
partners could be looking to time their developments in what they see as the next up cycle
of the property market.

Some developers are taking a cautious stance as a few companies, including Tan Sri Syed
Mokhtar Albukharys Tradewinds group and state-controlled unit trust company
 Permodalan Nasional Bhd, are looking at building skyscrapers of more than 100 storeys
while developments, such as the 70-acre Tun Razak Exchange with a gross development
value of RM40 billion in the heart of Kuala Lumpur, could saturate the market for
commercial properties.
Recently, some property companies have scaled back launches and revised sales targets
as a result of the challenging market conditions

Tropicana sells Sky Express Hotel for RM55m

By Kamarul Anwar / theedgemarkets.com | January 12, 2016 : 9:36 PM MYT
KUALA LUMPUR (Jan 12): Tropicana Corp Bhd ( Valuation: 3.00, Fundamental: 1.50),
which has been disposing of its assets to trim its gearing since 2014, is selling its Sky Express
Hotel on Jalan Bukit Bintang, Kuala Lumpur, for RM55 million.

In a filing with Bursa Malaysia today, Tropicana said, apart from paying its bank
borrowings, the sale's net proceeds of about RM24.4 million shall also be used for
working capital purposes.
"The expected gain from the disposal is approximately RM2.5 million (net of tax
payable)," the property developer added.
Tropicana said its wholly-owned subsidiary Advent Nexus Sdn Bhd had earlier in the day
signed a sale and purchase agreement with Pinnacle Supreme Sdn Bhd to sell the piece of
land measuring 1,106 sq m, along with the 10-storey Sky Express Hotel built on it.
The original cost of investment for the property was RM54 million, Tropicana said. The
selling price took into consideration the investment cost and the surrounding properties'
prevailing market values.
After the disposal exercise is completed anticipated to be sometime in the second
quarter this year Tropicana said Pinnacle Supreme has the right to use the hotel's
current name for 18 months.
Tropicana shares today fell by one sen or 1.02% to close at 97.5 each, bringing the
company's market value to RM1.41 billion.
Three new hotels to open in PJ near Federal Highway (digitaledge WEEKLY, 22nd
September 2015)

The Quill Group of Companies is planning a new single-tower mixed development

comprising office, hotel and retail components in Jalan Utara in Petaling Jaya, near
Menara Axis.

With another two hotels scheduled to open over the next three to five years within a
0.5km radius of The Hilton Petaling Jaya, this new hotel will possibly double the room
inventory in the locale.

Quill, whose business ranges from property development to automobiles and retail to
healthcare, recently put in a proposal to develop a parcel at the corner of Jalan Utara and
Jalan 51A/223 that is currently being used as a parking lot.

The development will reportedly be undertaken by a company called Quill-Stamford Lot

308 Sdn Bhd. On April 15, 2015, Quill-Stamford submitted building plans to construct a
25-storey building, of which six floors have been slated for office space, eight floors for
hotel accommodation and two floors for retail. The building will also offer seven floors of
 parking above ground and two at the basement level. As at June 10, 2015, conditional
approval for the project had been obtained from Majlis Bandaraya Petaling Jaya.

Records from the Department of Survey and Mapping Malaysia show that the land
measures 76,996 sq ft.

Directly across Jalan Utara from this development, Starwood Hotels and Resorts
Worldwide Inc will open its five-star Sheraton brand hotel within a development known
as The Pinnacle. Based on Starwoods website, The Sheraton Petaling Jaya Hotel will
offer 250 rooms and is scheduled to commence operations on January 1, 2017. Terra
Mirus Sdn Bhd is undertaking the project, which apart from the hotel, will comprise
office and retail components on a 1.73-acre site.

A third hotel expected to emerge in the vicinity is a project by MRCBs PJ Sentral

Development Sdn Bhd. This forms part of a RM2 billion gross development value mixed
development project called PJ Sentral Garden City, comprising five office blocks and one
hotel block.

According to MRCBs 2014 annual report, Phase 1 of PJ Sentral Garden City, comprising
Lot 8 and Lot 12, is on course for completion by 3Q2016. Lot 12 measures 9.86 acres
while Lot 8 measures 2 acres.

These new hotels will be located near the two other well-known hotels in Petaling Jaya.
The upcoming The Sheraton Petaling Jaya is located just a few steps away from the much
older, 27-storey Armada Petaling Jaya Hotel with 257 guest rooms. This 19-year old hotel
is owned by Lien Ho Corp Bhd and is located on a 2.44-acre parcel.

One of the most prominent landmarks in Petaling Jaya is the 31-year old The Hilton
Petaling Jaya. The hotel, owned by Tradewinds Corp Bhd, has 546 rooms. The hotel was
originally the Jaya Puri Hotel and came under Hiltons management in 1982. The hotel,
which had 398 rooms in 1984, later expanded the number of rooms.

Two other prominent hotels in the area are the 300-room Crystal Crown Hotel in Jalan
Utara and newly opened 344-room Best Western Petaling Jaya in Centerstage in Jalan
13/1.
CitiZen@Old Klang Road open for sale next month (The Star, 29th September 2015)

Contractor/property developer Binastra Land Sdn Bhd plans to make its project,
CitiZen@Old Klang Road, available for sale in the first week of October.

The freehold project will offer 711 serviced apartments in three blocks on 3.44 acres of
land. The units are available in 2 and 3+1 bedroom types. The 2-bedroom option is 852 sq
ft, while the bigger units range in size from 1,092 to 1,133 sq ft.

Each unit is priced at about RM600 psf, which puts the average price of a 2-bedroom unit
at RM511,200 and 3-bedroom at RM655,200 and RM679,800.
 The whole project will have a gross development value (GDV) of RM488 million. It is
located in Old Klang Road, a stones throw away from the Jalan Templer KTM Station
and Sports Arena @ Sentosa (formerly known as Datuk Lee Chong Wei Sports Arena).

Binastra Land notes that the prices of the serviced apartments are in line with the current
market and are acceptable to the public. Property agents concur that similar properties in
Old Klang Road are generally selling at about RM600 psf, with prices rising the closer
the units are to Mid Valley City. On the flip side, CitiZen@Old Klang Road is nearer to
Puchong and units there are slightly cheaper.

The selling price varies at different areas in Old Klang Road, the selling price of
CitiZen@Old Klang Road is slightly above market value. However, as the unit is smaller,
the selling price will be lower too. Properties priced at between RM550,000 and
RM580,000 are more sellable.

CitiZen@Old Klang Road is targeted at single professionals and young couples aged 20
to 40. The developer is also focusing on families from the surrounding matured
neighbourhoods.

There will be eight units per floor and each floor will be serviced by four lifts and one
cargo lift. The project will have more than 30 facilities, including a community park,
futsal court, mini theatre, picnic area, swimming pool with jacuzzi seat as well as outdoor
and aqua gym. The project has received 2,000 registrants and the developer expects about
70% of the units to be sold within six months after open for sale.

The units have a practical layout and they are spacious. They will come with built-in
kitchen cabinets from Signature Kitchen as well as built-in wardrobes. There will also be
water heaters and air conditioners. Even though, this project is under commercial land
title, the developer doesnt want to have a retail component for better security.

As part of the project, the company will improve the access road next to the development
and build a crossing over the monsoon drain to link it to Jalan Seri Sentosa 2A as an
alternative access. The cost of the work has yet to be determined.

The companys next launch after CitiZen@Old Klang Road will be a mixed development
in Jalan Sungai Besi, Kuala Lumpur. Scheduled to launch by the end of next year, this
development will be known as ION with a GDV of RM1.2 billion. It will have hotel,
apartment, office and retail components on a 4.75-acre freehold parcel that Binastra Land
recently purchased from Renown Heritage Sdn Bhd. Renown Heritage, a company
equally owned by Eastern & Oriental Bhd and Singapores Wearne Brothers Properties
Pte Ltd, sold the land to Binastra Land for RM96 million or RM541 psf on June 12.

The land, which was acquired by Renown Heritage in 1995, is currently rented out to
Volkswagen dealer Wearnes Automotive. It is located opposite the old Sungei Besi Royal
Malaysian Air Force Base that is slated for the Bandar Malaysia development.

The parcel is just less than a 10-minute drive from mixed development Sunway Velocity
in Cheras and international financial and economic hub Tun Razak Exchange in Kuala
Lumpur.
ID for YOO8 blends luxury with an Asian touch (City & Country, The Edge Malaysia,
28th September 2015)

The Kuala Lumpur City Centre will welcome a new landmark, 8 Conlay, in 2020. An
integrated development by KSK Land Sdn Bhd, a wholly owned subsidiary of KSK
Group Bhd, this will be the groups first project.

Coming up on four acres of freehold land in Jalan Conlay, 8 Conlay will have a gross
development value (GDV) of RM4 billion and comprise two residential towners, named
YOO8 Serviced by Kempinski, a hotel and a 5-storey retail podium. The 62 and 57-storey
towers will offer a total of 1,062 units with built-ups ranging from 682 sq ft to 1,295 sq ft.
Estimated selling prices will start from RM2,700 per sq ft.

8 Conlay will be a modern and liveable development where residents and visitors can
enjoy serenity within the city.

YOO8 Serviced by Kempinski, at an average price RM2,700 per sq ft, is competitively

priced compared with similar branded residents around the world. Malaysias property
prices are still among the lowest compared with its neighbours in Southeast Asia

Potential buyers for 8 Conlay would be high-net-worth individuals who are likely to
choose branded residences as they provide convenience and top quality service.

Branded residences offer superior quality and international standards over other regular
residences. They also offer all the benefits associated with a hotel but with the added
advantage of exclusivity and discretion. These facilities will be structured to cater to
every whim and fancy a resident has at any time, for example, services on demand.

Unlike typical residences, branded residences more commonly fall in the hotel-residential
market and as such, are a different asset class together. Thus, they offer potential
investors a different type of assets that does no mimic the trends of the residential market.

Branded residences are more stable assets that are able to resist typical market
fluctuations given their specialised nature.

A related trend that is gaining traction is integrated development featuring branded

residences, commercial and retail elements. Together, they offer residents a wholesome
living experience with all requirements at their doorstep.

Eco World gets all clear for RM8 bil Bukit Bintang City Centre project
(theedgemarkets.com, 1st October 2015)

According to property developer, Eco World Development Group Bhd (Eco World), all
the conditions precedent (CP) set out in its agreements in relation to its joint development
of the RM8 billion Bukit Bintang City Centre project at the former Pudu Jail site have
been met.

As such, its subscription and shareholders agreement (SSA) with Uda Holdings Bhd
(UDA), the Employees Provident Fund (EPF) and BBCC Development Sdn Bhd that was
 entered into on February 4 whereby Eco World, UDA and EPF agree to invest and
fund BBCC as the vehicle to undertake the proposed joint development has become
unconditional.

Under the SSA, UDA and Eco World will each own a 40% stake in BBCC, with the
remaining 20% held by EPF.

Similarly, the joint-development agreement (JDA) inked between BBCC and UDA that
same day to jointly develop the 19.4-acre land into a mixed residential and commercial
development has also become unconditional.

Pursuant to the JDA, UDA, as the landowner, granted BBCC full and unfettered rights to
carry out the development for a total consideration of RM1.01 million.

Among the CP set out in the SSA were: EPF would be satisfied with the results of the due
diligence exercise, and the receipt of relevant shareholders' approval in relation to the
terms of the agreements.

Under the JDA, among the CP were that all CP under the SSA have been fulfilled,
relevant approval from authorities for the re-zoning of the land from 'institutional' to
'mixed use commercial' being obtained, together with the planning approval in principle
for the development.

The project will have a mix of residential and commercial development comprising a
retail mall, an entertainment block, strata offices, office towers, a hotel and serviced
residences.

I-Berhads unit inks hotel management agreement with Hilton Worldwide

(theedgemarkets.com, 29th September 2015)

I-Bhds wholly-owned subsidiary City Centrepoint Sdn Bhd (CCSB) has entered into a
management agreement with Hilton Worldwide Manage Ltd to appoint the latter to
manage the operation of the 300-room DoubleTree by Hilton Hotel that will be developed
in i-City, Shah Alam, Selangor.

Under the management agreement, Hilton Worldwide and/or its affiliates shall provide
development and management services of the operation of the hotel. The operating term
under the agreement shall commence on the opening date and expire, subject to any
extension at midnight on the expiration date, December 31 of the 20th full calendar year,
following the commencement of the operating term.

I R&D Sdn Bhd, a fellow subsidiary of City Centrepoint, had earlier signed a Letter of
Understanding in relation to the hotel with Hilton Worldwide on December 9, 2014; and
on July 20 this year, had mutually extended the terms of the letter to September 30, 2015
to enable the parties to further their discussions on the transaction, as well as the
definitive management agreement proposed to be entered into.

The agreement will provide CCSB an opportunity to leverage on the Hilton Worldwides
experience and expertise in providing hotel management and development services.
 The hotel, to be developed within the RM5 billion i-City township, is expected to see an
investment cost of about RM250 million, to be funded mainly from I-Bhds internally-
generated funds, and is expected to be completed by December 1, 2021.
Branded residences with a real difference (The Star, 2nd September 2015)

When you buy into a branded residence, you are also subscribing to the developers
definition of luxury, which is often brought to fruition through the designers philosophy
and sensibilities.

The concept of branded residences is not new in Malaysia. So, what was KSK Lands
approach for its branded project 8 Conlay, which comprises two towers of luxury serviced
apartments, a nine-storey niche retail podium and the five-star Kempinski Hotel?

KSK Land formed a formidable group of creative extraordinaire to push boundaries and
deliver solutions that add real value to a global consumers lifestyle.

The on-site show gallery for its first residential tower (Tower A) will open its doors on
October 8. The residential towers are named YOO 8, serviced by Kempinski.

The interior design is created under the brand, Steve Leung & YOO, two revered names
in the design world.

Tower A of YOO 8 highlights the essence of nature as reflected in the Eastern Chinese
philosophy that incorporates the elements of fire, wood, metal, water and earth. The focus
for Tower A would be on two elements; water (represents purity, fluidity and calmness)
and wood (represents harmony and warmth). Water showcases lighter hues, while
wood delivers more contrast. The apartments also feature other elements, such as brass
and copper (metal), which lend a beautiful touch of refined elegance.

There are 564 branded residences in Tower A, with built-up sizes ranging from 682 sq ft
to 1,295 sq ft. They are standardised in certain ways. All apartments feature an open-plan
layout where the kitchen, dining and living areas breathe quality liveability. The outdoor
area is also seen as an extension of the living room. Meanwhile, the bathrooms will
feature different types of marble.
UDA to redevelop Kompleks Niaga Utama in Bangsar (theedgemarkets.com, 3rd
September 2015)

UDA Holdings Bhd intends to redevelop Kompleks Niaga Utama (KNU) situated in
Bangsar into a fully furnished serviced apartment, with a gross development value (GDV)
of more than RM250 million.

UDA has given a three-month notice (before initiating the project) to all 14 traders that
are currently operating in KNU to be relocated to Pudu Sentral and Pertama Complex.
The redevelopment is expected to be completed by 2019.

The redevelopment project by UDA is timely, as maintenance costs for KNU is high. The
land is worth around RM35 million.
 The new redevelopment will be an iconic residential landmark, with surrounding
neighbourhoods and immediate vicinities comprising Grade A offices, high-end
residential, a five-star hotel, a mega mall, and retail shopping complexes, coupled with
vibrant night life and entertainment avenues.

Due to its location, the proposed apartment units will enjoy magnificent views towards
Kuala Lumpur skyline to the east and Bukit Bandaraya to the north.

This redevelopment is the second residential tower that UDA will develop in Bangsar.
The first was in 2008, which called Gaya Bangsar.

Gaya Bangsar, comprising 285 residential units, is located next to Dataran Maybank.
Circa 95% of the project was sold within a week of its pre-launch. The units ranging from
671 sq ft to 1,610 sq ft in size are priced between RM350,000 and RM900,000 each.

UDA achieved more than the Bumiputera sales quota of 40% for Gaya Bangsar, with
majority of units taken up by locals, while 10% of units were bought by expatriates.
Survey: Steady occupancy rates for upscale hotels in KL (The Star, 31st August 2015)

Upscale hotels in Kuala Lumpur and its surrounding areas continue to see steady
occupancy rates, despite a slight increase in average room prices, according to a property
survey.

With the weaker ringgit seen as a welcome boost for the tourism industry, hotels in the
city are expected to continue to attract new investments.

With the extensive new supply of branded residence market, more new hotel entrants are
expected.

Room rates still have room to grow as Kuala Lumpur is relatively low compared with
neighbouring countries.

An estimated 27.44 million international tourists visited Malaysia during Visit Malaysia
Year (VMY) 2014, up 6% compared with 2013.

There was a slight drop on mainland Chinese tourist arrivals subsequent to the MH
accidents.

In the second half of 2014, occupancy remained at 70% and average room rate was
RM267, up 4% compared with previous review period. This is mainly driven by
increasing tourist arrivals after numerous promotional activities by Tourism Malaysia in
VMY 2014.

Upscale hotels remained stable and outperformed except for three-star hotels dropped to
61%, likely affected by the decline in mainland Chinese visitors.

Average room rate increased 4% to RM267. Market observed marginal growth in room
rate for most hotels due to increasing operation costs.
 The hotel supply in the Klang Valley comprises 167 hotels (48,047 rooms) in 2014, up
6.2% compared with 2013.

Up to 2018, there are 15 new hotel developments including 12 five-star hotels. The
developments include St Regis, Harrods, Four Season Place and Fairmont Hotel.

Fairmont Kuala Lumpur is expected to open in 2017 with 750 rooms.

Moving into 2015, the weakening of Malaysian currency made the country appealing as a
low-cost travel destination, which will spur the demand of hotel rooms.
Academic township for KL South (The Star, 9th October 2015)

Protasco Bhd has revealed its plans for a new township called De Centrum City in Kuala
Lumpurs growing southern corridor close to a few institution of higher education.

The new township is possibly the first in the country to be built around an existing
academic institution. With an estimated gross development value (GDV) of RM10
billion, the new township will be rolled out in stages over 15 years.

The 40.5-hectare freehold tract of land where the township will be built is currently the
site for De Centrum Sales Gallery and Infrastructure University Kuala Lumpur (IUKL).

As an integrated township development, De Centrum City will offer residential units,

shop offices, small offices/home offices (SOHO), office suites, retail lots, hotels, an
academic precinct as well as a convention and recreation centre, among others.

Phase one of the development will comprise a shopping centre block with 29 retail units,
a serviced apartment block with 320 units, a SoHo block with 192 units, and 54 shop lots.
These will be handed over to purchasers in December.

There will also be four blocks of condominiums within De Centrum City. Two towers (A
and B) of De Centrum Unipark have been completed while the remaining two blocks (C
and D) will be completed by 2017.

Upon completion, De Centrum Unipark will offer 640 condominium units.

Also encouraging is a premium residential development conceptualised as Rimbawan

Residences @ De Centrum. It offers 504 high-rise condominium units and 13 exclusive
villas.

The new township is strategically located in an area dubbed Kuala Lumpur South, almost
midway between Kuala Lumpur city and the KL International Airport (KLIA). De
Centrum City can be accessed in approximately 30 minutes from downtown Kuala
Lumpur, about 30 minutes from KLIA and 15 minutes from either Putrajaya or Kajang.

Most of the existing structures within the land will be demolished to make way for new
ones.
 The existing university campus will also be upgraded with green features added from a
network of elevated bridges with public parks and water features to sheltered pedestrian
walkways and bicycle paths.

A shuttle bus service will be implemented to link commuters between De Centrum City to
the Kajang MRT station, scheduled to be operational by July 2017.

De Centrum City is expected to be a dynamic catalyst for growth for the Kuala Lumpur
South corridor by providing investment opportunities and creating new jobs.

The new township will cater to the existing population of 500,000 located within a 20-
minute radius, which is projected to grow exponentially within the next 10 years.
Harrods Hotel deal is off (The Star, 15th October 2015)

The Harrods Hotel in Kuala Lumpur, planned as one of three in the world, has been
scrapped. However, the other components that make up the mixed integrated
development will go ahead as planned.

It is uncertain why Harrods Hotel was scrapped but sources said the Qataris have decided
not to go ahead with their initial plan to locate their first Harrods Hotel in Malaysia,
which was announced in 2012. The other planned locations of the seven-star hotel are
in London and Italy.

Harrods Hotel makes up a small component of the entire project. Those involved have
reportedly been told to look out for another international brand of considerable standing
to fill the space.

Harrods Hotel was to be located on a 5.48-acre site to be known as Harrods Square,

where Chulan Square and Sri Melayu restaurant formerly used to be. With the change in
plans, the project is expected to be renamed.

Estimated to have a gross development value (GDV) of RM5.5 billion, Harrods Square is
located on two pieces of land, sandwiched between Jalan Raja Chulan and Jalan Conlay
in the city.

The three largest parties for the development of Harrods Square include Qatar Holding
LLC, Tan Sri Desmond Lim Siew Choon and Tradewinds Corp Bhd.

Qatar Holding LLC is a global investment house established by the Qatar Investment
Authority (QIA). QIA also has stakes in Qatars biggest lender, Qatar National Bank
(QNB). In September. QNB has halted talks with Kuwait Finance House (KFH) to buy its
Malaysian unit.

The Harrods Square project fronts Lims KL Pavilion mall, which is under Pavilion Real
Estate Investment Trust (REIT). Malton built KL Pavilion integrated development which
comprises the mall, offices and serviced residences. The mall was subsequently put into
Pavilion REIT.
 The Tradewinds group is redeveloping the site of Crowne Plaza Mutiara Hotel, formerly
KL Hilton, which is a stones throw away from KL Pavilion and the-then Harrods Square.
The group also owns Istana Hotel. Initial plans years ago was to have some sort of
underground connectivity to connect the-then Bukit Bintang Plaza to Istana Hotel to other
landmarks in the area, even as the underground mass rapid transit (MRT) station was
being planned and built.

There was also plan to build a pedestrian bridge to connect KL Pavilion to Harrods
Square. The strategy was to extend the vibrancy of the Jalan Bukit Bintang-KL Pavilion
area over to the Jalan Conlay stretch with a pedestrian link bridge.

As for Harrods Square, the game plan then was to set up a joint-venture (JV) company
known as Jerantas Sdn Bhd. PS Trading Sdn Bhd, a unit of Tradewinds Corp, was to have
a 34% stake in Jerantas, while the remaining 66% was to be held by Gagasan Simfoni
Sdn Bhd, with Lim and Qatar Holding having equal share. It is now uncertain if the
Qataris will continue to have a stake in Jerantas.

Tradewinds holds the Harrods retail franchise in Malaysia, while Qatar Holding owns the
rights to the Harrods brand. Tradewinds, a diversified conglomerate with some 4,000
acres across Malaysia, has made known its aim to go big in the property sector.

Lims role was to make another winner out of Harrods Square, with his keen eye on retail
details and marketing skills and to stitch the financial backers together.

The components comprise four blocks, of which the 102-room Harrods Hotel was to have
occupied a 27-storey block, with 60 units of serviced apartments. Two of them, a 61 and a
52-storey building, will have a total of about 1,000 units of serviced apartments and
commercial retail space and a 31-storey office block.

Separately, Lim seems to be accumulating malls. Recently, Pavilion REIT proposed to

acquire from Global Oriental Bhd the Subang Jaya mall for RM488 million cash. Pavilion
REIT has also reportedly bought the retail mall at The Intermark from the worlds largest
asset manager BlackRock Inc a few months ago. Although The Intermark Mall is only
about 200,000 sq ft, it is an integral part of that development.

BlackRock owns the mixed integrated Intermark development, which comprises of two
office blocks, a hotel and the mall. It had tried to sell it as a single entity, but after about a
year, it had to break up the different components because of the hefty price at about
RM2.2 billion.

The Retirement Fund Inc, or Kumpulan Wang Amanah Pekerja, subsequently bought
Integra Tower for RM1.065 billion in April this year, purportedly with an annual yield of
6%. In the same month, Singapores Royal Group bought the 540-room, four-star
DoubleTree Hotel for RM388 million, or about RM700,000 per room.

Besides the USJ mall and the Intermark Mall, Lim will also be developing Bukit Jalil City
and Pusat Bandar Damansara, both of which are expected to have malls as part of the
integrated development.
SIC: RFP for mixed project next year (New Straits Times, 15th October 2015)
Sepang International Circuit Sdn Bhd (SIC) will call for proposals from property players
and investors keen to help it develop a RM7 billion integrated mixed development project
around the Formula 1 (F1) circuit in Sepang next year.

The company expects to commence with the request for proposal (RFP) in the first
quarter of next year, upon which a selection process would be undertaken to identify and
select the partners.

SIC is negotiating with several parties on the possibility of jointly developing the multi-
billion project on a 200-hectare site currently planted with oil palm and is being used for
parking during major events. The company is planning a mixed development comprising
residential units, commercial properties, a hotel and convention centre with a potential
gross development cost (GDC) of RM3.5 billion.

The integrated development, which will also feature educational centres as well as
amusement and commercial parks, is expected to be completed in phases over the next 10
years. SIC is looking at transforming it into an integrated edutaiment centre.

Meanwhile, SIC is looking to have a four-star hotel with 200 to 250 rooms for the hotel
development. The company has held preliminary talks with hotel operator Accor Hotels
Group to operate and manage the hotel. Le Meridien under the Starwood Hotel Group has
also expressed its interest in operating and managing the hotel.

The top developers in Malaysia include Eco World Development Group Bhd, IJM Land
Bhd, IOI Properties Group Bhd, Mah Sing Group Bhd, Perbadanan Kemajuan Negeri
Selangor, Sime Darby Property Bhd, SP Setia Bhd, Sunway Bhd, Tropicana Corporation
Bhd and United Malayan Land Bhd.

KIP Group ventures into the hospitality business with its first hotel in Sri Utara (The
Star, 12th October 2015)

Property developer KIP Group has expanded into the hospitality segment with the
opening of its first KIP Hotel in Jalan Kuching, Kuala Lumpur.

The KIP Group has been actively involved in property development and retail
management with its KIP Mart chain.

Situated in the commercial district of Sri Utara in Jalan Kuching, KIP Hotel KL is just 15
minutes drive to the city centre.

The hotel is managed by the Lexis Group of Hotels and Resorts and boasts 199 rooms,
including 12 executive rooms and three suites. All rooms are equipped with a selection of
amenities, LED screen TVs and complimentary Wi-Fi.

Facilities at the hotel include four function rooms, a 1,969 sq ft banquet hall space, an
infinity pool, a sky bar and a gym.
 The hotel will be officially launched in mid-November.

Plans are already afoot for subsequent KIP hotels to be established at strategic locations
within Malaysia, with the next two being in Sepang and Malacca.

Banking on the Kempinski factor (The Star, 24th October 2015)

New property player KSK Land Sdn Bhd is looking to take luxury living to the next level
with maiden venture 8 Conlay the upcoming branded residential, retail and hotel
development that owes its name to its auspicious address in Kuala Lumpurs Golden
Triangle.

KSK Land has roped in Europes oldest luxury hotelier Kempinski Hotels SA, which will
operate and service all three components of 8 Conlay, marking the latters foray into the
Malaysian market.

Kempinski, headquartered in Geneva and established in 1897 in historic Berlin, is known

for its rich heritage of impeccable personal service and superb hospitality, complemented
by the individuality of its properties.

Project 8 Conlay comprises two branded residential towers of 62-storey (Tower A) and
57-storey (Tower B) linked by two sky bridges. Both will be serviced by Kempinski.

There is another 68-storey tower comprising a five-star hotel, Kempinski Hotel, and a
nine-storey retail podium.

Tower A, marketed as YOO8 Serviced By Kempinski, is set to be launched this

November with prices ranging from a higher bracket of RM2,700 per sq ft.

The project, which sits on 3.952 acres bought for RM568 million two years ago, is slated
to be completed by 2020. The entire development has a gross development value (GDV)
of RM4 billion.

Kempinski, which manages a portfolio of 76 five-star hotels worldwide, is not new to this
part of the region. It has hotels in China, Bangkok and Jakarta and several more are in
various stages of development, including in Bali and Phuket.

Besides Kempinski, KSK Land Sdn Bhd has also assembled an international A-list of
architectural, interior and landscape design talents to realise the 8 Conlay dream.
Marketing-wise, it is aiming for the global market, targeting half foreigners and half
locals.

Developers project in USJ integrates commercial and lifestyle factors (The Star, 20th
October 2015)
 MCT Berhads One City project, on the last parcel of commercial land in USJ, Subang
Jaya, measuring 31 hectares is located within a mature 30-year-old neighbourhood.

Certified with MSC Malaysia status, the integrated three-phase project has a gross
development value (GDV) of RM5 billion.

Linked to major highways such as Damansara-Puchong Highway (LDP), Elite Highway,

New Klang Valley Expressway (NKVE) and South Klang Valley Expressway (SKVE),
travelling to the city centre as well as Petaling Jaya, Putrajaya and Cyberjaya would take
about 25 minutes.

With an upcoming LRT station located just 300m away, the extension train services from
the Kelana Jaya Line are set to provide convenience within the community.

The development, which is well into its third phase, prides itself on creating a living
condition that integrates commercial and lifestyle conveniences.

Phase three spans 8.09 hectresa of One City, and is located adjacent to Phases one and
two. It consists of three corporate tower blocks, a hotel with 954 rooms, one SOFO block,
one SOHO block and a mega mall measuring 1.5 million sq ft.

A total of RM40 million will be invested to build road linkages between the first and
second phases to the third phase. The third phase will provide sufficient parking space,
with up to 9,000 bays available.

While the other components of phase three are in the pipeline, the SOFO tower, called the
REO Suite, has been released for sale.

REO Suite comprises 1,115 studio and two-room units, with built-up areas ranging from
370 sq ft to 609 sq ft. Equipped with two sky-high levels of leisure facilities at 46th and
47th floor, the tower features units designed in modern yet practical layouts that
accommodate to todays lifestyle.

The units, priced between RM352,000 to RM602,550, are set to be completed together
with the other components in the second quarter of 2020.

Forces of attraction (The Star, 26th October 2015)

Gravit8, an up-and-coming development by Mitraland Group Sdn Bhd, looks poised to

change the landscape of Klang South, encompassing all aspects of life from living to
entertainment, working to playing.

One of the biggest attractions of the contemporary maritime-themed concepts project

will be the massive aquarium that stands tall in the centre of the retail mall, acting as
both a focal point and great educational subject.

With a total gross development value (GDV) of approximately RM1.3 billion, Gravit8
is a mixed development comprising service apartments, SoHos, hotel, retail outlets,
 shopping mall, corporate offices as well as a proposed medical centre next door to the
development, allowing it to be completely self-sustaining.

In the heart of Gravit8 is the splendid eight-acre lake, which will not only be a visually
impactful icon, but also the perfect social gathering point for people from all walks of
life. A massive aquarium will be placed in the two-storey Pier 8 retail mall, serving as
the main attraction.

The two-storey retail mall boasts clean contemporary designs and will house the first-
of-its-kind seafood and local delicacies haven in keeping with the maritime theme.

There will be a three-acre green deck on the podium of the serviced apartments where
the full clubhouse facilities are to be housed. Facilities will include swimming pool,
multifunction hall, a gymnasium and mini- library.

The first phase of the development saw 22 units of three- to five-storey shops launched,
while Phase 2A consists of the residential aspect: two 32-storey towers housing the
serviced apartment units.

The towers, named Nordica and Adria, offer units with built-up areas ranging from
600 sq ft to 1,000 sq ft, priced below RM500,000.

The 15-acre freehold development is strategically located in Kota Bayuemas, circa one
km away from the proposed Johan Setia LRT station, in addition to being next to the
Shah Alam Expressway (Kesas).

MRCB and Cyberview sign deal to develop Cyberjaya City Centre

(theedgeproperty.com, 28th October 2015)

Malaysian Resources Corporation Berhad (MRCB)s property arm, MRCB Land and
Cyberview Sdn Bhd (Cyberview) has signed a 60:40 joint-venture agreement for the
development of Cyberjaya City Centre (CCC) today.

The project sits on a 140-acre freehold land parcel and has an estimated gross
development value (GDV) of RM8 to 10 billion. CCC will be developed over the next
15 to 20 years.

The projects first phase will comprise a 150,000 to 200,000 sq ft convention centre for
firms in technology-related businesses, a 300 to 400-room business hotel, retail lots and
offices.

The construction of the offices will be adjusted in tandem with market needs and
economic trends while the retail centre will comprise mostly food and beverages lots to
cater for the hotel and the convention centre.

The second phase of the project will span 53.38 acres, construction of which begins in
the first half of next year. It has a GDV of RM5.35 billion.
 Residences will be constructed during the [projects] later phases, and will comprise
lower-medium, medium and high-end products. There will be affordable housing
development as well, as part of the statutory requirement.

With the future MRT line and various connectivity options such as the Maju
Expressway that cuts the commute from KLCC to Cyberjaya to 25 minutes, this will be
a game changer for the city (Cyberjaya).

To date, Cyberjaya has a population of circa 80,000 and this is expected to grow close
to 100,000 by the end of 2016.
Currently, 60% of available land in Cyberjaya has been developed.

Public rail transport to boost Sunway Velocity (The Star, 7th November 2015)

According to Sunway Bhd, sales of the Signature retail shop offices started about two
weeks ago at Sunways integrated Cheras project with overall outcome expected to be
fairly brisk despite the weak property sector due to two MRT stations.

Comprising 64 units, this second phase is scheduled to be completed in 2019.

Intermediate office lots are priced at about RM900 per sq ft while the retail lots located
at ground, level 1 and 2 are priced between RM1,150 and RM1,900 per sq ft.

The first block of the eight-storey Signature offices comprises 80 units and is scheduled
to be completed in 2018.

The retail offices are located near the Cochrane MRT station which is currently under
construction while the mall at the opposite end is near the Maluri MRT station. Both
stations are about 100m from the development.

Known as Sunway Velocity, the entire 23-acre project comprises a mall, residential
blocks, a hospital, a hotel and retail offices.

When completed, the shopping mall, the medical centre and the hotel will be retained
by the Sunway group. These components will comprise 47% of the total gross
development value (GDV) totalling RM4 billion. The gross floor area for Sunway
Velocity is 5.1 million sq ft.

Of this, RM1.1 billion of the GDV has been sold with sales and purchase agreements
formally signed. The project was first launched in 2011. A residential portion
comprising 264 units was completed in December 2014 and handed over to buyers.
Some retail and office units totalling 124 units have also been completed in September
2014.

Besides the Signature offices, the developer is also offering residential suites totalling
745 units over two blocks. The initial block with 334 units were launched in November
2013. It is currently 95% sold. The second block with 411 units was launched in
 October last year. It is about 60% sold. The two blocks are expected to be handed over
in 2017 and 2018 respectively.

This residential portion and the Signature retail offices are separated by a 2-acre park.
A 700m long and 16m wide walkway deck links all the components within the 23 acres
and to the two MRT stations.

The hotel is scheduled to open in 2017 and the hospital a year later.

The project will be facing a huge competitor in the form of MyTown, another sizeable
development of about 18 acres less than 500m away. Ikea will be setting up its second
store there. MyTown will have about 460 retail outlets across five levels including an
underground level.

Both developments are expected to change the entire landscape and skyline in that area.

KSK Lands 8 Conlay to launch first residence tower on Nov 18 (theedgeproperty.com,

14th November 2015)

Developer KSK Land Sdn Bhd will be launching the first residential tower of its much-
anticipated integrated project, 8 Conlay, in Kuala Lumpur on Nov ember18.

There are three components to the whole development two branded residences known
as YOO8 serviced by Kempinski, a hotel tower (hotel units and strata hotel suites) and
a podium comprising retail space, car park and a banquet hall.

The first tower has 564 units with built-ups of between 700 sq ft and 1,308 sq ft. The
indicative average price is RM2,700 per sq ft.

8 Conlay, the first property project by KSK Land, has a gross development value
(GDV) of RM4.5 billion.

The developer signed a management agreement with Europes oldest luxury hotel
group Kempinski Hotels in November last year.

Located on 8 Jalan Conlay in the heart of the Golden Triangle and a few minutes walk
from the Bukit Bintang shopping district and Pavilion Kuala Lumpur mall, the
development is only a five-minute drive from the Tun Razak Exchange (TRX).

KSK Land acquired the land in Jalan Conlay from Suasana Simfoni Sdn Bhd in
2Q2013 for a cash consideration of RM568 million. The developer is focusing on
branded property with high-rise residential and mixed-use commercial developments
across the Klang Valley and Penang.

KSK ups price of Jalan Conlay project to RM3,200 per sq ft (The Star, 18th November
2015)
 KSK Group Bhd has increased the gross development value (GDV) of its integrated
project at Jalan Conlay, in KL city to RM5.4 billion from RM4.5 billion, raising its
price per sq ft from RM2,700 to RM3,200 due to "strong interest".

Current buyers demand homes that truly reflect their lifestyles.

The four-acre project comprises two serviced apartment blocks, a Kempinski-operated

and managed six-star hotel and an 180,000 sq ft retail mall which will be integral to the
overall development.

The launch of its first block of serviced apartments, via KSK Land Sdn Bhd, has
created a bit of excitement in the current slow market.

Multibillion 8 Conlay project in Kuala Lumpur sees 70% booking rate for first
residential tower (theedgeproperty.com, 18th November 2015)

About 70% of the first residential tower of 8 Conlay, comprising 564 serviced
apartment units has been booked.

8 Conlay comprises two residential towers called YOO8 and a hotel, all three of which
will be serviced by Kempinski Hotels. Its target market is high net worth individuals
and young professionals.

The units in Tower A have typical built-up area of between 700 sq ft and 1,308 sq ft
and are priced at an average RM3,200 per sq ft.

Tower A is fully fitted and complete with interior design by Hong Kong designer Steve
Leung and the design collective YOO. The buildings are the work of RSP Architects,
headed by Hud Bakar, while landscaping is being undertaken by Bangkok-based
TROP.

8 Conlay is touted as a one-of-a-kind development that redefines urban living through

three main elements: liveable architecture, world-class design and bespoke personalised
services".

KSK Land aims to launch second YOO8 residential tower of 468 units in the first half
of next year.

Residents will enjoy concierge, housekeeping and valet services, and facilities that
include private decks, gardens, a jogging track, swimming pools, private gym and a
rooftop sky lounge and bar.

In addition to the YOO8 residential towers, 8 Conlay will comprise the hotel
(approximately 260 rooms), and a nine-storey podium consisting of a four-storey retail
space, a five-storey car park and a banquet hall.
 8 Conlay will be built on a 3.95-acre site and has an estimated gross development value
(GDV) of RM5.4 billion. The parcel was acquired by KSK Land in 2013, and the
contract with Kempinski was finalised in November 2014.

Kempinski Hotels is looking forward to a fruitful partnership with KSK Land and has
expressed optimism on the prospects for Southeast Asia in general, and in Malaysia
and Kuala Lumpur in particular.

KSK Land is the property arm of the general insurance business company KSK Group
Bhd. Kempinski Hotels was founded in 1897 and has a portfolio of 78 five-star hotels
in 33 countries, while YOO has designed residential and hotel projects in more than 30
countries.

Sime Darby seeks buyer for Melaka hotel (The Edge Malaysia, 8th December 2015)

Sime Darby Bhd is making a second attempt in six years at disposing of its hospitality
asset Hotel Equatorial Melaka for an estimated RM180 million, which would also involve
assuming the hotels debt.

It is learnt that several interested parties have viewed the 18-year-old, 496-room hotel,
which is located in Bandar Hilir Melaka, not far from the popular historical sites of
AFamosa and The Stadthuys.

The asking price for the leasehold asset is around RM180 million, of which RM100
million is for the property and the remaining RM80 million to assume the debt of Syarikat
Malacca Straits Inn Sdn Bhd, which owns the hotel.

Sime Darby holds the majority stake in Syarikat Malacca Straits Inn through wholly
owned Sime Darby Property. Sime Darby Propertys stake in Syarikat Malacca Straits Inn
is 61.15%, Perbadanan Melaka Holdings, which is wholly owned by Perbadanan
Kemajuan Negeri Melaka, holds 22.17% equity interest in the asset while Hotel
Equatorial (M) Sdn Bhd has 16.67%.

The largest shareholder of Hotel Equatorial (M) is Twintrees Hotels Sdn Bhd. Hotel
Equatorial (M) is rebuilding Hotel Equatorial Kuala Lumpur in Jalan Sultan Ismail, next
to the Kenanga International building. The hotel is making way for Equatorial Plaza,
which will comprise a 52-storey block with a podium, office tower and hotel, and is
expected to be ready in three years.

In Sime Darbys annual report for its financial year ended June 30, 2015 (FY2015), the
net book value of the 22-storey Hotel Equatorial Melaka stands at RM81.4 million and
the lease on the property expires between 2072 and 2075.

Syarikat Malacca Straits Inns revenue in FY2014 dropped to RM42.66 million from
RM44.17 million in the previous year. Net profit, however, was higher at RM7.09 million
 compared with RM6.94 million. Since FY2010, the highest net profit achieved by Hotel
Equatorial Melaka was RM12.59 million in FY2012.

Total liabilities in FY2014 stood at RM85.19 million, of which RM10.36 millions worth
were current, while accumulated losses amounted to RM20.36 million.

Hotel Equatorial Melaka, built as a five-star hotel has lost some of its edge over the years.
In addition to the purchase price, the new owner will have to spend another RM25 million
to RM50 million on refurbishment to upgrade the hotels facilities in order to maintain its
five-star status.

Other than the hotel in Melaka, Sime Darbys hospitality properties include Harvard Golf
& Country Club and Hotel in Kedah, Darby Park Executive Suites in Singapore and Karri
Valley Resort in Western Australia.

Its hospitality involvement is also through its 21.8% stake, as at August 6, in Eastern &
Oriental Bhd. E&O owns and operates the E&O Hotel and Lone Pine Hotel in Penang.

8 Conlay makes auspicious grand entrance (The Star, 21st December 2015)

Standing strategically in the heart of Kuala Lumpurs bustling Golden Triangle,

8 Conlay is a mixed-use development project with an estimated gross development
value (GDV) of RM5.4 billion, targeted for completion by end of 2020.

The development comprises two YOO-interior designed branded residence towers of

57- and 62-storey blocks that will be connected via two sky bridges at level 26 and 44.
The development is complemented by a 68-storey five-star hotel, service suites and
a lifestyle retail component.

Europes oldest luxury hospitality group, Kempinski Hotels, will provide services for
the branded residence towers as well as managing the hotel tower.

Targeted at high net worth individuals and young professionals, Tower A of

YOO8 serviced by Kempinski, is fully fitted complete with interior decorations and
furnishing by globally renowned interior designer Steve Leung & YOO. This landmark
development will feature Steve Leung & YOOs designs that integrate the essence of
nature, as reflected in the Eastern Chinese philosophy, by incorporating both water and
wood elements.

WCT sells Klang hotel for RM16.1m in related party transaction (theedgemarkets.com,
23rd December 2015)

Construction and property development group WCT Holdings Bhd is selling a boutique
hotel located in Bandar Bukit Tinggi 2, Klang, Selangor, to its managing director Taing
Kim Hwa via his private vehicle, Beyond Century Sdn Bhd, for RM16.1 million.
 Gemilang Waras Sdn Bhd, a wholly-owned subsidiary of WCT Land Sdn Bhd, which
in turn is a wholly-owned unit of WCT, yesterday signed a sale and purchase agreement
with Beyond Century for the proposed sale.

Gemilang Waras is the developer of "The Lead" at Bandar Bukit Tinggi 2, a freehold
integrated commercial development that comprises two towers of serviced apartments,
a boutique hotel and commercial retail shops.

Taing is a major shareholder of WCT, as well as a director of Gemilang Waras.

Spanning 4.171 hectares, the eight-storey boutique hotel features 98 rooms together
with 34 car park bays. It is currently under construction.
WCT expects to complete the sale of the hotel by the fourth quarter of 2018.

Branding homes, creating aspirations (The Star, 5th January 2016)

St Regis Kuala Lumpur in KL Sentral is located opposite the National Museum. The
48-storey St Regis comprises a 208-room all-suite hotel and 160 units of branded
serviced apartments located above the hotel for privacy. Both will be managed and
operated by St Regis, a brand under Starwood chain.

The hotel is expected to open in April 2016 and the serviced residences will be handed
over on a staggered basis thereafter.

As Kuala Lumpur evolves, one of its hallmarks will be the type of residences it offers.
It started with two branded residences St Regis which started with
management/operations with Starwood in 2008. The Four Seasons Place was unveiled
in 2013 after a few delays.

Between St Regis and the Four Seasons brand, variants of branded residences are being
marketed and they include homegrown brands like RuMa by the Ireka group, Banyan
Tree from Singapore and Pavilion Suites, a local brand by Tan Sri Desmond Lim Siew
Choon.

Opinions differ whether an international hotel brand must be behind it. A property
source says whether it is a local or foreign brand, as long as there is a hotel providing
some form of service, it can be termed as a branded residence.

Branded residences have to be serviced by a hotel, be it a three- or a five-star hotel

brand because the hotel will be providing the same standard of services for both hotel
and apartments. Ideally, the hotel and the residences must be together in one block.
There must be a ratio of 1 hotel suite to a residential unit.

The Ritz-Carlton hotel and the The Ritz-Carlton Residences are an exception. The hotel
is in the Bukit Bintang-Imbi area under the YTL group and the residences by Berjaya
group in Jalan Ampang. In St Regis and The Four Seasons, the residences are located
above the hotel.

The existence of this niche segment of the property market for the top 1% of the
population is important as it puts Kuala Lumpur on the global investors map. High net
 worth investors buy into branded residences around the world. A city which offers
branded residences gives it that global status.

Buyers buy into this niche market because they are assured of quality and feel secure
behind an international hotel brand standard.

Global branded residences tend to command a premium of 30% to 40% over stand-
alone properties. It offers a higher yield. St Regis residences, 72% sold, has an average
price of RM2,500 per sq ft.

Developers pay between 5% and 7% of gross sales revenues to the brand owner,
usually a hotel operator, before they can call it a branded residence. The hotel operator
will advise design standards and provide the residences with hotel support and services.
Kuala Lumpur is at a very early stage of this global trend.

The other pure-breed branded residence is 65-storey The Four Seasons Place near the
Petronas Twin Towers. Priced at an average of about RM3,000 per sq ft, it is 75% sold,
nearly half of them cash buyers. What remains today are two- and three-bedroom units
ranging from 2,200 sq ft and 3,000 sq ft. The last of eight duplex units, with a built-up
of about 6,500 sq ft, was sold for RM22 million in October. There are two penthouses,
priced at about RM44 million.

The Four Seasons mall and retail portion will be ready by 2017, the apartments later. It
will have about 160 residences and about 200 hotel rooms, close to the one hotel room
to one residential unit ratio. It is developed by Venus Assets Sdn Bhd, which is
controlled by Ipoh-born Singapore tycoon Ong Beng Seng, businessman Tan Sri Syed
Yusof Syed Nasir and the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

Despite the soft property market today and very likely next year variants of branded
residences have entered the market.

The latest is 8 Conlay by KSK Land Sdn Bhd, a mixed-use development with an
estimated gross development value (GDV) of RM5.4 billion, targeted for completion by
end of 2020. It will have two residence towers with more than 1,000 residential units
and a 300-room hotel by Kempinski, one of Europes oldest hotel brands.

Among the first to be ready will be Pavilion Banyan Tree Signatures behind KL
Pavilion mall. Banyan Tree is a resorts brand from Singapore. It will have about 100
hotel rooms and 440 private residences. All of them will be in a single block of about
60-storey block. Lumayan Indah Sdn Bhd has a 51% stake in the project with Qatar
Holding to hold the remaining 49%.
Sunways newest 4-star hotel to open in February (The Sun Daily, 12th January 2016)

Sunway Hotels & Resorts newest four-star hotel, Sunway Pyramid Hotel West,
scheduled to commence operation on February 15, 2016 is now open for booking.

The opening of Sunway Pyramid Hotel West complements the existing cluster of hotels
within Sunway Resort City, namely the five-star 468-room flagship Sunway Resort
Hotel & Spa and the four-star 549-room Sunway Pyramid Hotel East.
 Located on the west side of the iconic Sunway Pyramid Shopping Mall, the Sunway
Pyramid Hotel West has 401 rooms.

Sunway Pyramid Hotel Wests introductory rates start from RM308++ per room per
night.

Facilities include a restaurant, five meeting rooms with a capacity of 20 to 150 persons,
a gym and a swimming pool.

Guests will also have access to facilities and are offered cross-signing privileges for
outlets and services managed by Sunway Resort Hotel & Spa.
GuocoLand signs AccorHotels as hospitality managers in Singapore, Kuala Lumpur
(theedgeproperty.com, 6th January 2016)

GuocoLand Ltd and AccorHotels have signed a deal for the management of
GuocoLands two newly-built hotels: the Sofitel Singapore City Centre at Tanjong
Pagar Centre, Singapore, and the Sofitel Kuala Lumpur Damansara at Damansara City,
Kuala Lumpur.

As part of the upcoming multi-billion dollar Tanjong Pagar Centre, the 222-room
Sofitel Singapore City Centre will host facilities such as an outdoor pool, executive
lounge, 620 sq m (approximately 6,673.62 sq ft) ballroom, eight meeting rooms, bars
and a restaurant. In addition to that, nearby amenities include Tanjong Pagar Centres
urban park, direct MRT station access as well as an array of dining and entertainment
options.

The 312-room Sofitel Kuala Lumpur Damansara will be the first internationally
branded luxury hotel in the area, and is part of a new 8.5-acre integrated development
in the Damansara Heights enclave, Damansara City. The latter will also have two Grade
A office towers, two luxury high-rise residences, and a lifestyle mall.

Sofitel Kuala Lumpur Damansara will feature facilities such as a lobby lounge, deli,
three restaurants and bars, an executive lounge, spa, gym, outdoor swimming pool and
pool bar, on top of an 840 sq m (approximately 9,041.68 sq ft) ballroom and five
meeting rooms.
Sunways newest 4-star hotel to open in February (The Sun Daily, 12th January 2016)

Sunway Hotels & Resorts newest four-star hotel, Sunway Pyramid Hotel West,
scheduled to commence operation on February 15, 2016 is now open for booking.

The opening of Sunway Pyramid Hotel West complements the existing cluster of hotels
within Sunway Resort City, namely the five-star 468-room flagship Sunway Resort
Hotel & Spa and the four-star 549-room Sunway Pyramid Hotel East.

Located on the west side of the iconic Sunway Pyramid Shopping Mall, the Sunway
Pyramid Hotel West has 401 rooms.
 Sunway Pyramid Hotel Wests introductory rates start from RM308++ per room per
night.

Facilities include a restaurant, five meeting rooms with a capacity of 20 to 150 persons,
a gym and a swimming pool.

Guests will also have access to facilities and are offered cross-signing privileges for
outlets and services managed by Sunway Resort Hotel & Spa.

Damansara City welcomes Sofitel (The Star, 14th January 2016)

Globally renowned luxury hotel brand, Sofitel, is set to become the most visible and
talked-about hotel in the exclusive enclave of Damansara Heights in Kuala Lumpur.

AccorHotels Group which owns the Sofitel brand has recently signed the agreement
with GuocoLand (Malaysia) Berhad to open and manage the hotel in its Damansara
City integrated development.

The interior of The Sofitel Kuala Lumpur Damansara at Damansara City will be
designed by Wilson Associates, who are renowned for creating luxurious and elegant
interiors in some of the worlds finest hotels. The new hotel will feature 312 guest
rooms, a lobby lounge, a deli, three restaurants and bars, a Club Millesime executive
lounge on the 22nd floor, a So Spa, So Fit gym and outdoor swimming pool complete
with pool bar. There will also be meeting facilities including a 840 sqm ballroom and
five meeting rooms.

The Sofitel Kuala Lumpur Damansara at Damansara City will be the first
internationally branded luxury hotel in the exclusive Damansara Heights precinct,
which boasts proximity to KL Sentral transportation hub and established townships like
Bangsar and Petaling Jaya.

The hotel, and indeed the whole precinct, will target corporate clients in the
surrounding area, leisure travellers and the MICE market. A new MRT station, which is
just 400 metres away from Damansara City, will also provide hotel guests and other
tenants alike efficient connectivity to the rest of the Klang Valley.

Damansara City, with a gross development value (GDV) of RM2.5 billion, is an Entry
Point Project under Malaysias Economic Transformation Programme. It has been
identified as a key component and driver of one the fastest growing business districts in
the Greater Kuala Lumpur area with strong and growing interest from buyers and
tenants across South East Asia.

The jewel of Damansara Heights, Damansara City is an integrated city development

consisting of two Grade A office towers; two towers of luxury residences known as DC
Residency; an F&B-centric lifestyle mall; and the upcoming Sofitel Kuala Lumpur
Damansara. The entire project will be fully operational by the second half of 2016.

Apart from Damansara City, AccorHotels has announced the signing of a deal with
GuocoLand to open a Sofitel in Singapore as well where the new hotel will form part of
 the new Tanjong Pagar Centre, a large-scale integrated development that includes the
tallest residential and office tower in the island republic.

Tropicana sells Sky Express Hotel for RM55m (theedgemarkets.com, 12th January
2016)
Tropicana Corp Bhd, which has been disposing of its assets to trim its gearing since
2014, is selling its Sky Express Hotel on Jalan Bukit Bintang, Kuala Lumpur, for
RM55 million.

Its wholly-owned subsidiary Advent Nexus Sdn Bhd had earlier in the day signed a sale
and purchase agreement (SPA) with Pinnacle Supreme Sdn Bhd to sell the piece of land
measuring 1,106 sq m, along with the 10-storey Sky Express Hotel built on it.

Pinnacle Supreme has the right to use the hotel's current name for 18 months.

M101 on track to launch 10 projects worth RM4 bil by 2020 (theedgeproperty.com, 22nd
January 2016)

M101 Holdings Sdn Bhd is forging ahead with its plans to launch 10 projects worth
RM4 billion by 2020.

The company launched its latest project, M101 SkyWheel, yesterday.

M101 Skywheel is expected to not only attract foreign investments but also visitors
from around the globe. The company is targeting at least 70% take up for this project
this year.

M101 SkyWheel is the groups third and largest instalment of the M101 development
series so far, which encompasses mainly small offices/flexible offices (SoFo) targeted
towards local and foreign investors.

M101 SkyWheel has a gross development value (GDV) of RM1.4 billion. The freehold,
two 78-storey towers offer 200,000 sq ft of retail space. M101 SkyWheel is named after
a proposed ferris wheel on the 52nd floor (at its highest vantage point).

The development also has a SkyMall that extends from the 48th to 52nd floor and
Asias first Planet Hollywood Hotel. The group has partnered with Studio F. A. Porsche
for its interior design and luxury suites.

According to M101 Holdings, prices of commercial units at M101 SkyWheel are likely
to start from RM400,000 per unit, depending on market conditions within the next five
years. However, the number of units has yet to be confirmed.

M101 SkyWheel is expected to complete in 2020.

Previously, the group has launched M101 Dang Wangi and M101 Bukit Bintang in
2014. Slated for completion by 2017, each project is 85% taken up.
Container Hotel Group, Everly Group to jointly manage international youth hotel in
Roppongi, Cyberjaya (theedgeproperty.com, 18th January 2016)

Container Hotel Group, Everly Group and BND Global Development signed a
memorandum of collaboration to develop Cyberjayas first international youth hotel
today.

BND Global Development will develop the 300-room hotel in Roppongi, Cyberjaya,
while Container Hotel Group and Everly Group will jointly manage the international
youth hotels operations for 10 years, with an option to extend for a further five years.
The hotel is expected to welcome its first guest in 2020.

The integrated Roppongi on a 24.7-acre site will comprise educational, residential,

commercial, hotel, office, and retail precincts. It will house SEGI College, Cyberjaya
University College of Medical Sciences as well as an international school. Multimedia
University is also sited within the vicinity.

The hotel will offer a full range of services, including 24-hour housekeeping, F&B
outlets and recreational facilities such as swimming pool and gym.

Everly Group manages the Everly and Prescott hotel chains in Malaysia.

Bukit Bintang City Centre serviced apartments priced indicatively at RM1,600 psf
By Lam Jian Wyn / TheEdgeProperty.com | March 24, 2016 7:35 PM MYT

PETALING JAYA (March 24): Bukit Bintang City Centres (BBCC) serviced
apartments which will be open for a public preview this weekend will be priced
indicatively at RM1,600 psf, said a personnel from developer BBCC Development Sdn
Bhd.

The serviced apartments which are part of phase 1 have tentative built-ups from 500
sq ft to 1,000 sq ft, she told a prospective buyer.

Prospective buyers may register their interest at the public preview at BBCCs sales
gallery at Jalan Hang Tuah.

The official launch of the serviced apartments are slated for June or July.

According to her, the developer is still firming up plans for the serviced apartments.

However, previous reports indicate that there will be 700 units of serviced apartments
in phase 1.

Meanwhile, the strata offices which are also part of phase 1 are open for
registration.
 It is believed that there are 350 units with built-ups of 1,000 sq ft to 1,200 sq ft with
indicative pricing of RM1,600 psf.

BBCC is an integrated development with a gross development value of RM8.7 billion.

The development is coming up on the former Pudu Jail site which spans 19.4 acres.

The project is divided into two phases, with phase 1 also comprising a 1.5 million sq ft
retail mall and entertainment hub, and a 4-star 300-room hotel with 180 units of
branded residences.

BBCC Development is a special purpose vehicle set up by Eco World Development

Group Bhd, UDA Holdings Bhd and the Employees Provident Fund.

Hap Seng plans mixed development in KL Metropolis (theedgemarkets.com, 29th

January 2016)

Hap Seng Consolidated Bhd is planning an integrated mixed development within the
KL Metropolis development near Jalan Tuanku Abdul Halim.

The leasehold land it plans to develop, which is owned by TTDI KL Metropolis Sdn
Bhd, is located along Jalan Dutamas 2 and measures 8.95 acres.

To enable the group to undertake the development, Hap Seng Consolidated has via its
unit Hap Seng Land Development Sdn Bhd entered into a shareholders' agreement
(SHA) with TTDI KL and Golden Suncity Sdn Bhd (GSSB) to regulate their
relationship inter se as shareholders of GSSB, pursuant to the terms and subject to the
conditions as set out in the SHA.

Simultaneously, the three parties also entered into a development rights agreement
(DRA), of which TTDI KL will grant GSSB the exclusive rights to develop a leasehold
land measuring 8.95 acres, which formed part of the KL Metropolis development.

Hap Seng Consolidated will have to pay RM467.83 million to TTDI KL, pursuant to
the terms and subject to the conditions as set out in the DRA.

GSSB, currently a dormant company, is a subsidiary of Hap Seng Land Development,

which is in turn a subsidiary of Hap Seng Consolidated.

The land, according to the diversified group, is part of the KL Metropolis development,
a commercial master plan development spanning a 75.5-acre land that is envisioned to
be the "International Trade and Exhibition City".

It is accessible via Jalan Kuching and Jalan Tuanku Abdul Halim connecting to the KL
City Centre and KL Sentral and fronts onto the soon-to-complete Malaysia
International Trade and Exhibition Centre (MITEC).
 Prime established residential and commercial areas in the larger neighbourhood include
Mont Kiara, Publika, Damansara Heights and Bangsar.

The land has positive prospects to be developed into an integrated mixed development
comprising components such as retail, office tower, serviced apartments and hotel.

Barring any unforeseen circumstances and subject to the approval of the relevant
authorities and fulfilment of all conditions precedent, Hap Seng Consolidated expects
to complete the proposed development within 10 years from the unconditional date.

KLCCPSGs FY15 core net profit of RM746.1m above consensus forecast (The Edge
Financial Daily, 26th January 2016)

KLCC Property Stapled Group (KLCCPSG) achieved a financial year ended December
31, 2015 (FY15) core net profit of RM746.1 million (+8.2% year-on-year [y-o-y]), with
a stronger profit after tax and minority interest growth of 20.6% y-o-y (underpinned by
a higher amount of revaluation surplus on its assets, while FY14 also saw a one-off
debt-prepayment fee of RM26 million).

For FY15, KLCCPSGs revenue was flat y-o-y, affected by moderation in hotel
revenues (affected by renovation works on meeting rooms and recreational facilities in
the first half of FY15) as well as flat office rental income due to the on-going asset
enhancement initiative (AEI) in Kompleks Dayabumi (closure of City Point).

As a result, operating profit remained flat in FY15. Its office and retail divisions
remained key business drivers, contributing close to 92% of operating profit.

KLCCPSGs medium- to long-term (more than three years) AEI and asset-injection
plans are driven by: growth in its in-built pipeline (redevelopment of the City Point
podium in Kompleks Dayabumi into a 200,000-sq ft retail area, 600,000-sq ft office
and 500-room hotel (from 2015 to 2019); development of Lot D1 into an office tower
(1.3 million sq ft of gross floor area); and acquisitions.

KLCCCPs longer-term potential is being underpinned by an asset-injection pipeline of

approximately RM5.8 billion (backed by its strong parent company).

Home for young students (The Star, 28th January 2016)

Hospitality specialists Container Hotel Group and Everly Group are teaming up to
manage Cyberjayas first international youth hotel. The groups will jointly manage the
international youth hotels operations for 10 years, with an option to extend for a
further five years.

Developed by BND Global Development, the 300-room hotel is located in Roppongi,

Cyberjaya, and will welcome its first batch of guest in 2020.

The location of the hotel is strategic as Roppongi is set to be the education hub of the
country as it will house SEGI College, Cyberjaya University College of Medical
Sciences as well as an international school, while the Multimedia University is sited
just across.
 Positioned as a lifestyle space, the hotel will be conceptualised based on Live, Play,
Study with common areas and social spaces designed to encourage interaction between
residents.

The container-themed hotels, which are built from renewable freight containers, have
been a big hit since the first outlet opened in 2013. The Container Hotel in Penang was
launched last December while the Ipoh branch of the Container Hotel opened last week.

With many varsities located in and around Roppongi, the groups are optimistic of a
high occupancy rate comprising students, interns, flash-packers and researchers.

The rooms will be available for lease on a daily, monthly or yearly basis.

The hotel will offer a full range of services, including 24-hour housekeeping, F&B
outlets and recreational facilities such as swimming pool and gym.

The flexibility in room rates and packages is not new to hotels managed by Container
Hotel Group, as it has introduced innovative offerings at CAPSULE by CHG, an airport
transit hotel located at KLIA 2 launched last year.
The Ascent Paradigm Offices 50% taken up (theedgeproperty.com, 5th February 2016)

The Ascent Paradigm by WCT Holdings Bhd (WCT), which opened in the third quarter
of last year, has seen half of its 504,084 sq ft total net lettable area taken up.

The Ascent Paradigm is a Grade-A 32-floor corporate tower located on

Lebuhraya Damansara-Puchong (LDP), and in the mature Selangor suburb of Kelana
Jaya. It is part of the RM1.8 billion Paradigm Integrated Commercial Development.

Tenants include DKSH Malaysia Sdn Bhd, Chr Hansen Malaysia Sdn Bhd and
Keyence (Malaysia) Sdn Bhd and American based pharmaceutical company Eli Lilly
(Malaysia) Sdn Bhd.

This MSC-status office building features a column-free layout to maximise efficiency

and flexibility for its tenants.

The Ascent is divided into high and low zones, and units are available for rental only.
Each lettable unit is between 5,000 sq ft and 18,000 sq ft and is priced at approximately
RM5.50 psf, excluding Goods and Services Tax.

The Ascent Paradigm is also WCTs new headquarters. It has taken up three levels, or
approximately 46,000 sq ft of net lettable area in the tower, since the last quarter.

In addition to The Ascent, WCTs Paradigm Integrated Commercial Development is

made up of Paradigm Mall, New World Petaling Jaya Hotel and The Azure Serviced
Residences, providing an integrated work-and-lifestyle environment.

Towering plans for Kampung Baru (The Star, 12th February 2016)
 After more than a century stuck in time, Kampung Baru is set for dramatic changes that
will see several ambitious projects coming up in the Malay enclave over the next 10 to
20 years. The government launched the Kampung Baru Detailed Development Master
Plan early last year.

The rustic village is slated to become the new Malay cultural centre and the citys new
economic hub with 1,900 hotel rooms, 30 million sq ft of office space, 17,500
residential units and 12% green and water feature space.

Some of the main projects include the Kampong Bharu City Centre (KBCC) that will
become the focal point of the area. Projects under the KBCC will include a plush park
called KBCC Central Park with pedestrian walkways, pocket parks and water features.

Twelve iconic buildings with four signature towers with a collective gross development
value in the billions of ringgit will also be built here.

Another ambitious project is a 70-storey tower with a ferris wheel built on the rooftop.

UDA Holdings Bhd, meanwhile, is undertaking a RM400 million mixed development

project on a 1.15-hectare tract of land near the Pasar Minggu.

To kick-start the redevelopment process, the 60-year-old blue gantry located in Jalan
Raja Muda Musa, which has been one of the landmarks in the village, will be removed
and replaced with a modern structure measuring 19m in height and 16m in width. The
design will be modern contemporary with traditional motifs.

The 115-year-old village will also be getting a major facelift in the form of pedestrian
walkways and widened roads as well as mini parks throughout the township in the next
few years.

The Duta-Ulu Kelang Expressway (Duke) and the Ampang-Kuala Lumpur Elevated
Highway (AKLEH) will provide direct access into the township.With an LRT station
already in place in the south of the township, and a monorail station on the west side,
and with the MRT Line 2 (Sungai Buloh-Serdang-Putrajaya) alignment passing through
Kampung Baru and KLCC East; Kampung Baru is well connected.

Another series of projects to transform the township involves turning open spaces in the
village into pocket parks. Three sites Kampung Pindahs open field, a plot of land
near Jalan Raja Abdullah and plot of land at the AKLEH/UNIKL junction have been
identified for these parks.

In the heart of the Malay enclave is an area called the Kampung Masjid, Kampung
Baru, which encompasses some 16.2 hectares of land, involving 187 lots belonging to
some 1,217 landowners. This spot will be the focal point of the villages development
where the 12 iconic buildings will be built, with four signature towers and about 17
million sq ft of space. The towers will be connected via a series of pedestrian walkways
and pocket parks.

At present, work has already started in Kampung Baru with several projects in the
construction stage.
 Fifteen others are in the process of obtaining development orders.

A notable project is the M101 Entity Sdn Bhd comprising two blocks of 70-storey
towers with a ferris wheel right at the top.

Others are the Safuan Residen, a 39-storey serviced apartment; Business Suite @ Arina,
21-storeys of business suites; Legasi Residen, a mixed development by UDA Holdings;
and Safuan Suites and a 34-storey serviced apartment project by Safuan Group Bhd.
Hospitality: The new Sunway Pyramid Hotel West (The Edge Financial Daily, 1 st
March 2016)

The new 4-star Sunway Pyramid Hotel West is conveniently located and adjoins the
iconic Sunway Pyramid Shopping Mall. It boasts 401 rooms set upon the 323.74-
hectare integrated development within the Sunway Resort City, promising to cater to
the regions robust business exchange, corporate travel and leisure tourist markets.

The guestrooms come with convenient amenities like complimentary WiFi and wired-
broadband access, USB charger outlets, 42-inch LED Smart television with satellite
news, sports and movie channels, flexible workspaces, high pressure walk-in rain
showers, ample closet space, in-room electronic safe boxes, and coffee and tea making
facilities.

The hotel has five fully-equipped function rooms with a seating capacity of 20 to 160
persons and a host of other facilities, including the 174-seater Caf West, the hotels
all-day dining restaurant, in-room dining services, a fitness centre and an outdoor
swimming pool. Guests will also have access to facilities and are extended cross-
signing privileges for outlets and services managed by Sunway Resort Hotel & Spa.

Adjoining Sunway Pyramid Hotel West is Sunway Pyramid Shopping Malls newest
retail expansion. Some of the brand names making its presence in the new three-storey
retail extension include Marhaba, Sanook, Mamas Corner, Impresseoul, The
Parenthood and several other interesting retail concepts that are expected to open
progressively until the second quarter of 2016. With this new expansion, Sunway
Pyramid now has more than 160 diverse food and beverage outlets.

KSKs Kempinski Hotel at 8 Conlay recognised as Entry Point Project

(TheEdgeProperty.com, 9th March 2016)

KSK Land Sdn Bhds (KSK Land) Kempinski Hotel at its 8 Conlay development has
been recognised by the Ministry of Tourism and Culture (MOTA) as an Entry Point
Project (EPP) under the tourism National Key Economic Areas (NKEA) in Malaysias
Economic Transformation Programme (ETP).

8 Conlay is a mixed-use development with a gross development value (GDV) of RM5.4

billion that comprises a 68-storey tower with a five-star Kempinski Hotel, a lifestyle
retail component and Kempinski Residences, two YOO-interior designed branded
residence towers of 56 and 61 storeys named Y008 serviced by Kempinski that will be
connected via two sky bridges at levels 26 and 4.
 Kempinski Hotel KL is expected to provide more than 700 new job opportunities while
committed investment value, excluding land cost, is expected to be about RM360
million which will contribute to the gross national income.

The tourism NKEA aims to attract high-yield tourists through the development of an
optimal mix of quality hotels, with a high level of service delivery.
i-City: Jewel of Western Klang Valley (The Star, 8th March 2016)

i-City, a transit oriented development (TOD), and the surrounding region, are expected
to contribute to and reap the benefits from the expected convergence of transportation
infrastructure, such as the Kuala Lumpur Klang Bus Rapid Transit (BRT), LRT 3
Line, Federal Highway, and West Coast Expressway (WCE).

The RM9 billion freehold ultrapolis development on a 72-acre site offers a mix of
residential, commercial and recreation components.

Residential enclave
Suites, small offices home offices (SoHos), service apartments, and residences with
interior design themes from London, New York, and Paris.
Last tower block, Hyde, located on its western parcel, was launched on February
27, 2016. It is directly connected to the Central i-City Mall via a pedestrian bridge.
This 43-storey tower block is fully fitted and furnished to a London interior design
theme and offers units ranging from 465 sq ft to 769 sq ft,

Business enclave
A MSC CyberCentre development with corporate towers, cyber office suites, and
data centres.
50,000 knowledge-based workers expected when completed.

Hospitality enclave
Best Western (now in operation)
Hilton Double Tree (expected to be open by 2018)
A five-star hotel,

Retail Central i-City Mall

A RM850 million investment by I-Berhad and Central Pattana Group (CPN),
Thailands largest retail developer.
Ground breaking ceremony held recently with opening scheduled for October
2018.
20 million visitors expected for first year

Retail High Street @ i-City

Two levels of retail shops with a total net floor area (NFA) of approximately
180,000 sq ft.
Anchored by Red Carpet wax museum, Trick Arts Museum, and fitness centre.
Connected by pedestrian bridges to Central i-City Mall and to the outdoor theme
park.
This retail podium is supported by 6,500 car parking lots below.
 The direct flyover from Federal Highway is now completed and the i-City LRT station
is expected to complete in 2020.
Leadmont Group unveiling Holiday Villa investment scheme by end of March
(TheEdgeProperty.com, 8th March 2016)

Leadmont Group plans to launch Holiday Villa@Selayang Star City investment scheme
at the end of this month, offering investment opportunity to investors who are interested
to tap into the hospitality industry.

The hotel investment scheme will be in a revenue sharing mechanism in which certain
percentage of the income will be distributed to the unit owners. Besides revenue
sharing, the purchasers can also enjoy complimentary stays at the Holiday Villa Hotel
and Resort. Further details of the scheme will be unveiled during the official launch.

A minimum investment entry cost starts from RM289,000.

Holiday Villa@Selayang Star City which comprises 306 serviced suites, restaurants,
and conference and banquet facilities will open its doors to the public by 3Q2017. The
company is targeting an average of RM190 per night.

Leadmont Group is the developer of Selayang Star City and the operator of the
Selayang Star City Mall.

Holiday Villa is conveniently positioned right on top of the vibrant shopping scene of
Selayang Star City Mall which is set to open its doors by the end of 2Q2017 or early
3Q2017. The shopping mall is positioned as a neighbourhood mall, catering for the
middle to high-income working class who live in Selayang and Kepong.

Selayang Star City Mall is part of the Star City development, which is located in Prima
Selayang and fronts Jalan Kuching. The 7-acre mixed-use project comprises a
residential component as well as a hotel and shopping mall, with a total gross
development value (GDV) of RM1.6 billion.

PNB offers glimpse into new Merdeka skyscraper set to overshadow Twin Towers
(www.themalaymailonline.com, 16th March 2016)

Permodalan Nasional Berhad (PNB) has unveiled details of the planned 118-storey
tower that will outstrip the 88-floor Petronas Twin Towers as the countrys tallest
building.

Work has started in 2014 on the building dubbed the Merdeka PNB118, which is
designed by Australian firm Fender Katsalidis Architects.

Standing at 630 metres, the iconic tower is anticipated to be the 5th tallest building in
the world, and will be enlisted in the Mega Tall category together with the Burj
Khalifa Dubai, Shanghai Tower and Makkah Royal Clock Tower.
 The tower expects to be given the MSC Malaysia Cyber Centre status, besides being
the first building in the country to fulfil three green building certification standards.

The joint development cost of the tower and a seven-storey shopping mall estimated to
be RM5 billion will be funded by PNB.

Slated for completion by 2020, 82 out of the 118 levels that offer 1.7 million sq ft will
be rented out as offices, with companies under the PNB Group taking up 60 floors. The
remaining 22 floors of the office space in the tower will be rented out to local and
international firms.

An observation deck and a sky lobby will be part of 18 floors that will also
accommodate mechanical and electrical facilities.

A six-star luxury hotel with 236 rooms will occupy another 18 floors covering 435,000
sq ft.

The name of the hotel operator will be disclosed at a later date while PNB will be the
anchor tenant of the tower.

The anchor builder will be a joint partnership by South Koreas Samsung C&T Corp
and local firm UEM Group Bhd.

Both the Merdeka PNB118 tower and the shopping mall that covers 900,000 sq ft
accounts for the first phase of the Warisan Merdeka project.

The mixed development on 19 acres of land will see its two remaining phases
completed by 2024.

Warisan Merdeka is located in proximity to three types of railway in the area

including the upcoming MRT line that will pass through the MRT Merdeka station
adjacent to the project. The existing LRT and monorail lines will also be connected to
the MRT Merdeka station.

Developers opt for strata route to sell buildings (The Star, 21st March 2016)

Oxley (Malaysia) Sdn Bhd, a subsidiary of Singapore developer Oxley Holdings Ltd,
which will be commencing the development of Oxley Towers KLCC this year, will be
selling its office space in Oxley Towers KLCC on individual unit basis instead of en
bloc as planned initially.

The company has received a few enquiries to sell its 29-storey office block, with a
gross floor area of 346,000 sq ft, en bloc initially. However, in view of the general
weak sentiment in the oil and gas (O&G) sector, soft property market and the
oversupply of office space in the Klang Valley, the company is opting for the strata
route.

With a lack of smaller-sized top-grade strata offices in the KLCC area, Oxley Towers
KLCC is expected to cater to this demand. The indicative pricing on per sq ft basis may
 range between RM1,800 and RM2,000 - this works out to 645-sq-ft units being priced
at above RM1 million.

Oxley Malaysia is working with lending institutions to offer a 150% financing package.
It will occupy two floors in the 29-storey block which has a gross development value
(GDV) of RM450 million.

The other components within the 3-tower integrated project will comprise two hotels
and their respective serviced apartments and two retail floors.
Dubai-based hotel group Jumeirah will operate a luxury-class 181-room hotel on a
49-storey block located above 267 serviced apartment units. They are planning to
launch it in Dubai first this year.
The third and tallest block, at 78 storeys, about 10 storeys short of the 88-storey
Petronas Twin Towers, will house French boutique hotel Sofitel So. It will operate 207
rooms located below 590 serviced apartment units.

The mixed project is expected to be completed in 2021.

Oxley has a 50% discount off its development charges from KL City Hall, a savings of
about RM50 million on condition that it begins work within six months.

Oxley bought the land, currently occupied by Pelita Nasi Kandar, from the Loke Wan
Yat estate for some RM450 million, or a record RM3,300 per sq ft. The prime freehold
land with Jalan Ampang frontage has an estimated GDV of RM3 billion.

Oxley also has a project in Section 16, Petaling Jaya next to the Phileo Damansara
Trade Centre. It submitted its application for development order in mid-March for an
RM800 million GDV mixed project comprising serviced apartments, a hotel, small
offices home offices and corporate offices on five acres.

The plot ratio for this Section 16 project is 3.99, whereas its KLCC project has a plot
ratio of 13.99.

Binastra Land in talks with AccorHotels for new hotel brand (TheEdgeProperty.com,
23rd March 2016)

Binastra Land Sdn Bhd, a wholly-owned subsidiary of Binastra Group, is in talks with
AccorHotels Group to bring in a new hotel brand to its upcoming mixed development,
ION at Jalan Sungai Besi. The latter is located opposite the old Sungai Besi Royal
Malaysian Air Force Base which is slated for the Bandar Malaysia development

The four-acre mixed development which is located next to Southgate commercial

centre is slated to be launched by the end of this year. It will comprise residential, retail
and hotel elements.

ION mixed development has an estimated gross development value (GDV) of RM1.2
billion.

Meanwhile, the company also plans to unveil a low-rise luxury apartment project in
Kemensah, Ampang, with an estimated GDV of RM90 million. The 2.83-acre freehold
 residential development will comprise 72 units of luxury apartments, with built-up sizes
ranging from 1,200 sq ft to 1,600 sq ft with indicative pricing above RM1 million. The
project is planned for launch next year subject to market conditions.

Besides new developments, the companys current project in Old Klang Road, CitiZen,
is 80% sold since its launch in October last year. The 3.44-acre freehold project has a
GDV of RM488 million. It offers 711 serviced apartments in three blocks with built-up
sizes ranging from 852 sq ft to 1,133 sq ft. Prices start from RM500,000.

Binastra Land is also looking for more land in matured parts of the Klang Valley for
future development.

BBCC draws in Japanese and Singaporean investors (TheEdgeProperty.com, 28th

March 2016)

Despite the gloomy outlook on Malaysias economy, two major Japanese investors will
invest substantially into the landmark redevelopment of Pudu Jail at Bukit Bintang that
is backed by the Employees Provident Fund (EPF).

BBCC Development Sdn Bhd has inked the head of terms of agreement with Mitsui
Fudosan Group subsidiary Mitsui Fudosan (Asia) Pte Ltd and Sony Music subsidiary
Zepp Hall Network Inc. to develop a 1.4 million sq ft lifestyle mall and a concert hall
that can house over 2,000 audiences respectively.

Mitsui and BBCC Development are proposing to develop the retail mall under the
Mitsui Shopping Park LaLaport brand -- a regional mall concept first conceived by
Mitsui Fudosan about 35 years ago, which evolved from a place where people
gather to a place where people interact.

The estimated gross development cost (GDC) of the mall and concert hall is RM1.6
billion and RM400 million respectively.

Work is expected to commence sometime in the third quarter of this year with the mall
set to be completed in 2021.

The mall will be developed under a joint-venture (JV) between Mitsui and the
shareholders of BBCC EcoWorld Development Group Bhd (40%), UDA Holdings
Bhd (40%), and the EPF (20%) for the development, ownership and operation of the
retail mall through an establishment of a joint-venture company (JVCo).

The JVCo will be 50% owned by Mitsui while the remaining stake will be owned by
the shareholders of BBCC, with the RM1.6 billion GDC split equally as well.

The group also aims to launch its other phase 1 component two blocks of 680 units of
entry level apartments starting from 450 sq ft and a 45-storey office tower with 350
units of 715 sq ft to 1,423 sq ft offices before the middle of this year.

The indicative prices of the offices are at approximately RM1,400 to RM1,500 per sq ft
while the pricing for the residential component has yet to be finalised.
 The serviced apartments have opened for registrations of interest last weekend.

Separately, BBCC Development has also inked a memorandum of understanding

(MoU) with international serviced residence owner-operator, The Ascott Ltd (Ascott), a
member of Singapores CapitalLand.

BBCC sits on 19.4 acres of land and has a gross development value (GDV) of RM8.7
billion. It is being developed by a consortium comprising UDA Holdings Bhd, Eco
World Development Group Bhd and the EPF in a 40:40:20 share structure.

The planning approval for the project, obtained in August last year, comprises six
blocks of serviced apartments, a retail and entertainment block, a four-star hotel with
branded residences, a strata office and an 80-storey 3-in-1 signature tower housing a
five star hotel, luxury residences and corporate offices.

The development is located at the intersection of Jalan Imbi and Jalan Pudu, on the site
of the former Pudu Jail, which currently has direct access to the Hang Tuah LRT and
monorail stations as well as being linked to the proposed Merdeka MRT station.

Lembaga Getah monetising its KLCC land (The Edge Malaysia, 29th March 2016)

Lembaga Getah Malaysia (LGM) is monetising its prime land in Kuala Lumpur City
Centre (KLCC), in a move reportedly to shore up its coffers.

On March 15, the company held a briefing for qualified international and local hotel
operators to invite tenders for a proposed five-star hotel to be developed on a parcel in
Persiaran Stonor, within a stones throw of the Petronas Twin Towers.

This is not the first piece of land in the city that LGM is monetising.

In 2013, its board had entered into a joint development agreement (JDA) with Global
Oriental Bhd (GOB) for the development of mixed-use projects on two parcels, one
each in Jalan Ampang and the Ampang Hilir area.

There is also talk that the LGM headquarters Bangunan Getah Asli in Jalan
Ampang could be hived off or redeveloped with unsolicited offers being made.

The LGM parcel in Persiaran Stonor is in a strategic location. It faces Istana Siraj, the
private residence of the Perlis royal family, and is flanked by the Embassy of Japan and
the High Commission of Pakistan. It also lies between Persiaran Stonor and Jalan Eaton
and is not too far from Jalan Tun Razak.

The freehold parcel measures 4.75 acres in size with plans for a mixed-use
development comprising a 60-storey five-star hotel and three 50 to 60-storey blocks of
small offices/home offices.
 Meanwhile, for LGMs JDA with GOB to develop the parcels in Jalan Ampang and
Ampang Hilir, the board appointed Pedoman Ikhtisas Sdn Bhd, a wholly-owned
subsidiary of GOB, for the task. Pedoman Ikhtisas is to develop the parcels, measuring
5.75 acres in total, into mixed-use projects with an estimated total gross development
value (GDV) of RM860 million.

Under the JDA, LGM will get a corporate tower worth RM247.25 million and RM20
million cash, which translates into a land cost of RM1,067 per sq ft for GOB. The fact
that a corporate tower is part of the consideration for the land has sparked talk that
LGMs current headquarters in front of the Petronas Twin Towers could also be up for
redevelopment.

Establishing a foothold in the property sector (TheEdgeProperty.com, 31st March 2016)

Yuwang Development Sdn Bhd, the property arm of Yuwang Group was established in
2004.

Yuwang Groups core business is in plantations. It currently has five palm oil mills and
around 50,000 acres of oil palm and rubber estates in Peninsular Malaysia and Sabah
and Sarawak.

The group also has a hospitality arm, which is involved in three hotels the four-star
Novotel in Melaka, an upcoming five-star hotel to be operated by Marriott in Kota
Kinabalu (slated for completion in 1Q2017) and a planned five-star hotel to be operated
by Marriott in Kuala Lumpur.

Yuwang Development has unveiled its new project, Semanja, in Kajang, to be

developed in six phases.

The 19-acre Phase 1 will comprise 193 units of freehold 2 and 3-storey park terraced
houses. The contemporary-design houses will come in two sizes. There are 96 Type A
units with built-ups of 2,425 sq ft and 97 Type B units that measure 2,575 sq ft. All the
houses will have 4+1 bedrooms and are priced at about RM700,000 or RM310 to
RM320 per sq ft. The target demographic for Phase 1 is young middle-income families
or couples.

To date, the group has received over 700 online registrations for the project and hope
that this will translate into a 20% to 30% take-up once the project is officially launched.

Facilities will include a pavilion, childrens playground, maze garden, a deck for
relaxation and a jogging track, all located within the 1.1-acre central park.

The development is accessible via the SILK Highway, Cheras-Kajang Highway and
North-South Highway. The new MRT stations (Kajang and Bandar Kajang), slated for
completion in 2017, will provide added convenience.
 Plans for Phases 2 and 3 are already in the pipeline. Phase 2 will consist of gated and
guarded 2-storey semi-detached, bungalows while Phase 3 will comprise apartments
and condominiums.

Separately, there are plans to launch its 100-acre industrial park in Puncak Alam, Kuala
Selangor in the third quarter of 2016. Also under the brand name Semanja, the
industrial park will cater for factory owners and manufacturers in the area.

London-listed Aseana Properties selling Aloft Hotel for RM419mil (The Star, 1st April
2016)
London-listed Aseana Properties Ltd (Aseana Properties) is disposing of the Aloft
Kuala Lumpur Sentral Hotel for RM418.7 million or about US$104.6 million. The deal
works out to about RM870,000 a room for the 482-room hotel.

Property developer Aseana is a 23.07% associate company of Bursa-listed Ireka Corp

Bhd.

The buyer is Malaysia-based plantation group Prosper Group Holdings Ltd.

Prosper Group was essentially buying two companies which owned the hotel, namely
ASPL M3B Ltd and Iringan Flora Sdn Bhd. Prosper Group will also assume certain
debts, assets and liabilities of these two companies.

The transaction is expected to be completed in the third quarter of this year, after the
due diligence process by Prosper Group, and after consent from Starwood Asia Pacific
Hotels & Resorts Pte Ltd, the operator of the Aloft Hotel.

The 34-storey hotel with two basement floors in Jalan Stesen Sentral 5, Kuala Lumpur
Sentral is one of three blocks developed on a joint-venture (JV) basis by Aseana
Properties and Malaysian Resources Corp Bhd (MRCB) several years ago.

Excellent Bonanza Sdn Bhd was jointly set up on a 40:60 basis with Aseana Properties
taking a smaller stake.

The other two blocks are office buildings Nu Tower 1 and 2. Aseana Properties,
subsequently, bought over the hotel but sold its stake in Excellent Bonanza back to
MRCB for RM20 million in 2014.

The hotel was completed in early 2013 and officially launched the same year. The Aloft
Hotel achieved an occupancy rate of 79% in 2015.

Pavilion Hotel to be unveiled in 2Q2017 (TheEdgeProperty.com, 30th March 2016)

Construction of the Royale Pavilion Hotel Kuala Lumpur has progressed to 80%, with
its opening set for the second quarter of next year, according to developer Harmoni
Perkasa Sdn Bhd (HPSB).

The five-star Royale Pavilion Hotel will become another landmark in Kuala Lumpur.
 The collaboration with Banyan Tree Hotels and Resorts will bring world-class facilities
to Malaysia and enhance the potential of tourism in Kuala Lumpur as well as add more
value to the city centre.

This is the second collaboration between both parties after their Banyan Tree
Signatures Pavilion Kuala Lumpur.

Developed at a cost of about RM330 million, the 12-storey Royale Pavilion Hotel
started construction in May 2015. It offers 337 rooms including 233 standard rooms, 71
deluxe rooms, 32 suites and one presidential suite.

The hotel also offers a full range of facilities including recreational facilities, banquet
hall, conference facilities, dining restaurants and retail gallery.

Royale Pavilion Hotel is located a mere 400m from Banyan Tree Signatures Pavilion,
which will also be unveiled in 2017 after the opening of Royale Pavilion Hotel. Both
hotels are connected to the shopping mall.

The two hotels are unique and cater to different segments and tourists needs.
Banyan Tree Signatures Pavilion is a boutique urban resort with larger rooms that
cater to group or corporate travellers.
Royale Pavilion Hotel is a mainstream five-star hotel with retail and F&B
components.

Shangri-La to open Hotel Jen Kuala Lumpur in 2019

by HM Staff | Mar 17, 2016 12:08pm

Shangri-La International Hotel Management and Concorde Arch are planning to develop the first
Hotel Jen in Kuala Lumpur, Malaysia.

Opening in 2019, Hotel Jen Kuala Lumpur is the second Hotel Jen project under development in
Malaysia, following the signing of Hotel Jen Kota Kinabalu in Borneo in September 2015.

Concorde Arch initially acquired the land for building its corporate office but opted instead to use the
space for a new-build hotel. The property is about half-a-mile from the city's Petronas Twin Towers
and is expected to attract both business and leisure travellers.

The announcement of Hotel Jen Kuala Lumpur reinforces our interest and expansion in Malaysia, in
the countrys capital city, where we will now increase the groups presence with our third hotel and
newest brand Hotel Jen," Greg Dogan, president and CEO of Shangri-La, said in a statement.

Hotel Jen Announces First Hotel in Kuala Lumpur

March 22, 2016

Shangri-La International Hotel Management and Concorde Arch announced the development
of the first Hotel Jen in Kuala Lumpur, Malaysia. Slated to open in 2019, it is the second
Hotel Jen project in Malaysia; the first is the Hotel Jen Kota Kinabalu in Borneo, which
opened in September 2015.

The announcement of Hotel Jen Kuala Lumpur reinforces our interest and expansion in
Malaysia, in the countrys capital city, where we will now increase the groups presence with
our third hotel and newest brand Hotel Jen," says Greg Dogan, president and CEO of
Shangri-La.

Located in heart of the Kuala Lumpur in a 36-story building, the 200-key Hotel Jen features
Jens Kitchen, an all-day dining restaurant; the Rooftop Sky Bar with an infinity-edged lap
pool; meeting rooms customized for all occasions; and a club lounge with privileges for
frequent travelers.

Hotel Jen has 10 properties in Beijing, Brisbane, Hong Kong, Mal, Manila, Penang, Johor,
Shenyang, and Singapore. Other Hotel Jen properties are in development in key cities in Asia
Pacific, with plans for the brand to expand globally in the future.

- See more at: http://www.hospitalitydesign.com/news/hotels-rest-wellness/Hotel-Jen-

Announces-First-Hotel-in-Kuala-Lumpur-15900.shtml#sthash.QvgAAvUa.dpuf

Malaysia: Shangri-La has signed an agreement to launch its first Hotel Jen in Kuala
Lumpur.

Scheduled to open in 2019, Hotel Jen Kuala Lumpur will be located in the city centre, 800
metres from the Petronas Towers.

The 36-storey hotel will feature 200 rooms, a restaurant and lounge, a rooftop bar and
swimming pool, meeting rooms and free Wi-Fi.

Owner Concorde Arch initially acquired the plot of land for the construction of a corporate
office, but later decided the location would be more suited to a hotel.

"We are excited to be in partnership with Shangri-La International Hotel Management. This
will add a new direction to our hospitality business for the group," said Judy Ng, director of
Concorde Arch.

Formerly known as Traders Hotels, Hotel Jen is Shangri-La's new "lifestyle" hotel concept.
The KL property becomes the second Hotel Jen project under development in Malaysia,
following the signing of Hotel Jen Kota Kinabalu in September 2015. The brand is already
present in Johor Bahru and Penang.

"The announcement of Hotel Jen Kuala Lumpur reinforces our interest and expansion in
Malaysia, in the country's capital city, where we will now increase the group's presence with
our third hotel and newest brand Hotel Jen," said Greg Dogan, president and CEO of Shangri-
La.

www.hoteljen.com

108. Nouvo Hotel

Development: one 28-storey three-star hotel (189 rooms)

Location: Jalan Sultan Ismail
Developer: Concorde Arch (M) Sdn Bhd
 Status: planning

Shangri-La to open Hotel Jen in the heart of Kuala Lumpur (02 April 2016)

The signing ceremony was held in Hong Kong recently. Pic by Hotel Jen.

Shangri-La International Hotel Management Ltd and Concorde Arch (M) Sdn Bhd
announced recently the development of the first Hotel Jen in Kuala Lumpur.

Opening in 2019, Hotel Jen Kuala Lumpur will be the second Hotel Jen project under
development in Malaysia, following the signing of Hotel Jen Kota Kinabalu, Sabah in
September 2015.

The announcement was made at a signing ceremony held in Hong Kong on 19 March to
finalise a management agreement between Concorde Arch and Hotel Jen.

Hotel Jen will be built at the site of the former Nouvo Club on Jalan P. Ramlee. The existing
4-storey nightclub building will be demolished soon.

Concorde Arch initially acquired the land for building a corporate office tower; however, the
opportunity of venturing towards hospitality became apparent with the advent of millennial
travellers seeking more curated lifestyle and leisure accommodation inspired by this growing
target market.

The proximity of the location to numerous landmarks in Kuala Lumpur enhances the
feasibility of this proposition.

Judy Ng, director of Concorde Arch, said, We are excited to be in partnership with Shangri-
La. This will add a new direction to our hospitality business for the group.

Hotel Jen Kuala Lumpur is strategically located in the heart of Kuala Lumpur at the
intersection of Jalan Sultan Ismail and Jalan P. Ramlee, just 800 metres from the citys
landmark Petronas Twin Towers and 300 metres from the KL Tower.

It will be located just across the road intersection from the award-winning 5-star Shangri-La
Hotel Kuala Lumpur, which opened in 1985 with 662 rooms and suites.

Hotel Jen Kuala Lumpur will cater to both business and leisure travellers, being in close
proximity to the Golden Triangle and KLCC, as well as having easy access to shopping
malls, street markets and a wide range of restaurants and entertainment options.

Greg Dogan, president and CEO of Shangri-La, said: The announcement of Hotel Jen Kuala
Lumpur reinforces our interest and expansion in Malaysia, in the countrys capital city, where
we will now increase the Groups presence with our third hotel and newest brand Hotel Jen.

Fresh, friendly, and fuss-free; thats the genre of Hotel Jen, the unique brand of style and
service delivery launched a year ago to cater to a "New Jeneration of independently minded
business and leisure travellers.
The brand launched quickly with the first ten Hotel Jen properties opening in major cities in
Asia Pacific in less than a year, followed by two new developments soon after Hotel Jens
first anniversary.

As the newest brand in the Shangri-La Hotels & Resorts Group, the international hotelier is
targeting fast-track growth of the Hotel Jen brand in key cities in Asia. The Hotel Jen
experience delivers what matters most to guests.

They appreciate important things done well; demand quality, comfort, convenience and value
with a twist, together with honesty, respect, authentic service; and want privacy and
efficiency without unnecessary fuss or intrusion.

Hotel Jen delivers interesting experiences by capturing the spirit of travel, relishing the
adventure, celebrating the culture and smoothing out the frustrations.

This is why every Hotel Jen reflects the values she personally holds dear like Simple
Pleasures, Easy Efficiency, A Sense of Adventure, and those InJenious Ideas giving you That
Jen Feeling, where guests instantly feel at ease, respected, valued and inspired.

As always, fast and free WiFi will be provided throughout the hotel.

Lothar Nessmann, chief operations officer of the Hotel Jen brand, said: The opening of
Hotel Jen Kuala Lumpur will strengthen the brands footprint in yet another key city in Asia,
where the richness and diversity of business, leisure and culture in Malaysia aligns with Hotel
Jens brand persona of being a professional hotelier and all-time lover of life, travel and
discovery.

Hotel Jen Kuala Lumpur

Hotel Jen Kuala Lumpur will be 150 metres in height and 36 storeys tall; comprise 200
rooms, an open Jens Kitchen, an all-day-dining restaurant and lounge and a Rooftop Sky Bar
with an infinity-edge lap pool.

Guests may have meeting rooms customised for all occasions and it features a club Lounge
with privileges, including express check-in and check-out, complimentary breakfast,
complimentary evening beverages and tasty local snacks and late check-out.

Currently, Hotel Jen is located in Beijing, Brisbane, Hong Kong, Mal, Manila, Penang,
Puteri Harbour in Johor, Shenyang and Singapore. Hotel Jen development projects are under
consideration in key gateway cities in Asia Pacific, with plans to expand globally in the
future.

There are already two Hotel Jen(s) in Malaysia, and the remaining seven hotels under the
Shangri-La Hotels & Resorts Group are as follows:-

Shangri-La's Rasa Ria Resort & Spa, Kota Kinabalu,

Shangri-La's Tanjung Aru Resort and Spa, Kota Kinabalu,
Putrajaya Shangri-La,
Shangri-La Hotel, Kuala Lumpur,
Traders Hotel, Kuala Lumpur,
 Golden Sands Resort, Penang, and
Shangri-La's Rasa Sayang Resort & Spa, Penang.

- See more at: http://www.ptlm.com.my/index.php/component/k2/11-insider/shangri-la-to-

open-hotel-jen-in-the-heart-of-kuala-lumpur#sthash.gDVAW3GA.dpuf

RM7b Pavilion Damansara project to start in 2Q2016 (theedgeproperty.com, 17th

November 2015)

The two-phase Pavilion Damansara Heights mixed-use development in Kuala Lumpur,

being undertaken by Tan Sri Desmond Lim Siew Choon in partnership with the Canada
Pension Plan Investment Board (CPPIB), will have a gross development value (GDV) of
RM7 billion.

Targeted for completion in 2021, the development will sit on 15.84 acres in Pusat Bandar
Damansara and comprise 13 office blocks, four towers with 1,256 serviced apartments
and 240 hotel rooms, and a five-storey retail podium with a net lettable area (NLA) of
some one million sq ft.

Phase 1 (9.5 acres) is undertaken by Impian Ekspresi Sdn Bhd and Phase 2 (6.34 acres),
Jendela Mayang Sdn Bhd. Demolition work at the site has commenced and construction
will begin in six months time.

In April, Impian Ekspresi awarded Domain Resources Sdn Bhd a subsidiary of Malton
Bhd a RM703 million contract for clearance, demolition, foundation, retaining wall
system, basement car park, retail podium and infrastructure work. This award is only for
work on the 9.5-acre site and the contract for Phase 2 has yet to be awarded.

On October 22, Jendela Mayang applied for planning permission for the Phase 2 site from
Dewan Bandaraya Kuala Lumpur. This follows the completion of the acquisition of a
parcel from Selangor Properties Bhd for RM450 million on September 30. The parcel was
previously used as a car park.

Jendela Mayang now wants to build four office towers on the site with one rising 42
storeys; another, 20 storeys; and two, 10 storeys. Another 42-storey block will comprise a
hotel with 240 rooms (12 floors) and 270 serviced apartments (28 floors).

The new plan will add to the proposed development by Impian Ekspresi on the 9.5-acre
parcel, where the nine office blocks that were owned by Bukit Damansara Development
Sdn Bhd, an indirect subsidiary of Johor Corp, once stood.

Impian Ekspresi has obtained approval to build 12 blocks comprising offices, serviced
apartments and a retail floor called Pavilion Retail Galleria. Nine of them will be office
blocks the lowest at six storeys and the tallest at 22 storeys. These freehold corporate
blocks will have a minimum NLA of 52,000 sq ft each.

The other three buildings will comprise serviced apartments two 50-storey blocks with
405 and 382 units and a 56-storey block with 199 units. According to Pavilion Damansara
Heights website, one of the 50-storey blocks and the 56-storey tower will be promoted as
premier residences.

Dubbed The new metropolis of Damansara Heights, the preview of the corporate
towers is by invitation only. The towers will all be Grade A and will have Green Building
Index status.

There will two MRT stations, Pusat Bandar Damansara and Semantan, in the vicinity.
Selayangs next rising star (City & Country, The Edge Malaysia Weekly 16th November
2016 & theedgeproperty.com, 17th November 2015)

Selayang will soon see a new landmark the Selayang Star City shopping mall is set to
open its doors by the end of the second quarter or early third quarter next year.

The town is about 10km from northwest Kuala Lumpur and a few kilometres from
Kepong, Rawang and Batu Caves. However, there is not much choice of leisure and
entertainment in the area for residents.

Selayang Star City is part of the Star City development, which is located in Prima
Selayang and fronts Jalan Kuching. The seven-acre mixed-use project comprises a
residential component as well as a hotel and shopping mall, with a total gross
development value (GDV) of RM1.6 billion.

Leadmont Group launched the first phase of its residential development the Polaris
designer suites in February last year. The 28-storey building, which has a commercial
title, will house 600 designer suites with four types of layouts and built-ups ranging from
624 sq ft to 983 sq ft.

Polaris has a GDV of RM297.48 million. Its average selling price is about RM550 per sq
ft. The project was well received by the public, with a take-up rate of 85%.

In mid-October this year, the company launched its second designer suites project, Vega
Suites a 20-storey block that will have 320 units with six layouts and built-ups of 477
sq ft to 1,280 sq ft.

With a GDV of RM181.79 million, Vega Suites will also have 40 dual-key suites with a
built-up of 1,280 sq ft each. The selling price of the project, which has a commercial title,
is higher than Polaris, averaging at RM600 per sq ft.
The facilities for the designer suites will include a swimming pool, childrens playroom
and playground, sky garden, garden terrace, Zen garden with a reflexology pebble walk,
gym, sauna and jogging track.

The main attraction in Star City will be the shopping centre as Selayang has yet to see a
mall with fresh retail elements that can attract young shoppers.

Selayang Star City has an estimated development cost of RM400 million and will have a
gross floor area (GFA) of one million sq ft and net lettable area (NLA) of 550,000 sq ft.
Some 85% of the lettable area has been taken up. The anchor tenants include a Japanese
supermarket, Pacific Departmental Store and Golden Screen Cinemas with 10 screens
while the junior tenants are Celebrity Fitness, Popular bookstore, Wangsa Bowl, KMAX
Karaoke, SportsDirect.com, senQ appliances shop and MR. D.I.Y. hardware store, among
others.

The other tenants are Guardian, Focus Point, Big Apple and restaurants such as Sakae
Sushi, Seoul Garden, Wong Kok and Teochew Chendul.

The tenant mix will meet the local demand, especially the young and the working class
who are looking for more food and beverage options and places to chill out.

Selayang Star City will be positioned as a neighbourhood mall, catering for the middle to
high-income working class who live in Selayang and Kepong. There are plans to build a
flyover at Jalan Kuching, which will connect consumers from Rawang to Star City.

The construction of Star City started at end-2013.

Construction of Polaris suites has reach 55% and it is slated to be completed by May
2018. Vega Suites is expected to be completed by the first quarter of 2019, says Ng.

Meanwhile, the developers Holiday Villa serviced suites is scheduled to commence

operation by the end of the third quarter of 2017. The four-star Holiday Villa will have
306 serviced suites as well as meeting rooms and a banquet hall.

Star City is the second mixed-use development of Leadmont Group its first was
Centrestage in Section 13, Petaling Jaya.

Established in 2000, the developer started with pocket residential developments in the
Klang Valley. These include Amansiara in Selayang, Leadmont Hill in Cheras and
Avenue DVogue in Section 13, Petaling Jaya.

The company learnt a lot from developing centreSTAGE, especially the tenant mix and
putting a hospitality element into a project.
 centreSTAGE comprises 352 serviced suites, 789 designer suites housed in two blocks of
11 and 14 storeys respectively and five levels of retail lots. The mixed-use development
was launched in 2011. The company sold off all the retail units and later realised that they
had problems drawing the crowds because of the tenant mix.

However, things improved when the group brought in Best Western hotel it helped
attract people to Centrestage, bringing customers to the retail component.

A Shangri-La for Dayabumi (The Star, 17th April 2015)

KLCCP Stapled Group, which is planning to build a 60-storey office and hotel tower next to
Menara Dayabumi, is currently in talks with the Shangri-La group to manage the facility.

KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCCP) and KLCC
real estate investment trust (KLCC Reit), is planning to build a 540-room hotel on the top-half
of the tower block.

The new tower will be built on the current City Point shopping centre, which is currently being
demolished. City Point is part of Kompleks Dayabumi.

The plan for a new tower next to Menara Dayabumi was first announced in 2013. It is expected
to have a 540-room hotel, 500,000 sq ft of office space and five levels of retail podium. The
tower is expected to be completed by 2019. The group is looking at a potential yield of more
than 10%. since it is also building it.

KLCC Stapled Group is also planning to add another 35,000 sq ft of office space at Menara
Dayabumi, which will see the buildings atrium transform into three levels of office space.

Shangri-La Malaysia owns and operates its flagship 29-storey, 662-room hotel in Kuala
Lumpur. It also owns and operates various properties in Malaysia, including Traders Hotel
Penang and Rasa Sayang Resort & Spa in Penang.

Separately, KLCC Stapled Group hopes to acquire three towers that are currently being
developed by its parent company KLCC (Holdings) Sdn Bhd. It has the first right of refusal on
any development projects by KLCC (Holdings) around the KLCC area.

Two of the three towers are being jointly developed by KLCC (Holdings) and Qatari Diar Real
Estate Investment Co, the investment arm of the Qatari Investment Authority.

The two towers are expected to be completed in 2020 and will have mixed developments of 56-
storey and 77-storey buildings. One of the two towers will be a 700-room hotel by Fairmont
Raffles Hotels International Inc. The other tower will be an office block where rental space will
be underwritten by the shareholders. The project is reportedly worth some RM8 billion.

The third tower, which is on Lot 91 measuring about 7,605 sq m, is located adjacent to the
KLCC Convention Centre. The building on Lot 91 is a joint venture with Sapura Resources
Bhd. It is proposed to comprise a 52-storey building that includes a premier office tower,
exhibition space and a retail podium.
Meanwhile, the tenancy of the ExxonMobil building expires in 2017. The group is in talks with
the tenants for a long-term tenancy beyond 2017.
Stamping their mark in Jalan Kia Peng

Friday, 8 April 2016

Jalan Kia Peng is where Malaysian royalty would stay when in the city. One of the royal
residences is Istana Terengganu.

SITUATED right smack in the centre of Kuala Lumpurs central business district, Jalan Kia
Peng has become much sought after because of its history and prestige.

Jalan Kia Peng comes with some serious pedigree. It was once home to many of Malaysias
elites including the countrys founding father, Tunku Abdul Rahman Putra Al-Haj.

It was considered a premier location where even royalty often stayed during their visits to the
city. Landmarks of this halcyon era include the Istana Hinggap Terengganu and Istana
Kelantan.

The road is named after Choo Kia Peng, a miner and planter born on Jan 13, 1881 in Taiping.

He started his career in Selangor in 1900 as an English-speaking clerk and bookkeeper after
passing his Senior Cambridge examination.

Eight years later, he opened his first tin mine in Sungai Choh, Ulu Selangor, as well as a
rubber estate in Kajang.

Choo was an active figure in the community and was president of the Selangor Miners
Association as well as the Selangor and Kuala Lumpur Teo Chew Association. He was also
the first vice-president of the Rotary Club of Kuala Lumpur.

He contributed significantly to the building of the Kuala Lumpur and Selangor Chinese
Assembly Hall in Jalan Maharajalela, among others.

Choo died on June 15, 1965, at the age of 84. He had four sons (two died at an early age) and
three daughters.

Now, Jalan Kia Peng is home to several international embassies namely the Philippines and
South Africa while the Japanese embassy as well as the Singaporean and Indonesian high
commissions are located nearby.

This has caused property prices along the semi-circular road in the prime KLCC-Bukit
Bintang area to soar after rapid development in neighbouring areas such as Jalan Tun Razak
and Jalan Pinang.

Once the enclave of stately bungalows, much of the land has now been taken up for
development.

8Kia Peng
One of the newer developments is the luxurious 8Kia Peng@KLCC project by I-Berhad.
Touted as the King of the Hill, it is the companys pioneer project in Kuala Lumpur.

I-Berhad marketing director Monica Ong said location and target audience were important
considerations when designing and promoting a project.

The company had ventured out of their comfort zone with the 8Kia Peng development.

With this project, we are utilising its location as a major draw factor as it is surrounded by
existing facilities such as shopping centres, medical centres, convention centres and grade-A
offices.

This is a huge departure from our i-City development in Shah Alam with its commercial,
residential and leisure components, she said.

Consisting of a single tower of 50 stories on a freehold land to be built on a 0.42ha peak and
with a gross development value (GDV) of almost RM1bil, the development will be one of the
latest luxury residences to grace the neighbourhood.

The development will offer 442 units in total, 315 of which will be sold as service apartments
and the rest as small office home offices (SoHo).

The two-bedroom, fully fitted and furnished units with build-up sizes of between 716 sq ft
and 987 sq ft, provide comfortable living space in a ready-to-move-in condition.

8Kia Peng is poised to be a Construction Quality Assessment System (Conquas) building and
is expected to be completed in 2019.

Ong said the company is expecting 70% of the buyers would be foreigners while the rest
would be Malaysian professionals and upper-middle class buyers.

Our initial launch was focused on neighbouring countries, particularly Singapore, Hong
Kong and Taiwan.

One of the reasons is because they are our immediate neighbours and also the Government
has been aggressively promoting the Malaysia My Second Home (MM2H) programme.

So for us to make an entry, there is no need for lengthy explanation on who and what we
are, Ong explained.

RuMa Hotel and Residences

Another upcoming project to look out for along Jalan Kia Peng is the RuMa Hotel and
Residences developed by Ireka Corporation Berhad with its joint-venture associate, Aseana
Properties Limited.

The RuMa is a mixed development comprising 253 hotel suites and 199 serviced residences.
Its group managing director Lai Voon Hon said the target market for the hotel suite buyers
were property investors who saw investment in hotel suites as part of their investment
portfolio.

The concept of a hotel being purchased on a sale and lease agreement, managed by a
bespoke hotel operator, Urban Resorts Concept (URC, owners of the PuLi, Shanghai) is an
attractive one.

It is in fact the first of its kind in Kuala Lumpur, for a luxury five-star hotel in this city.

The return to the buyer is a fixed rental guarantee return of 6% nett for the first five years.

After the rental guarantee period, the subsequent years (i.e. years 6 to 10), the return will be
based on the hotels performance at the time, he said.

He added that more than 60% of the units had been sold, with 60% and 40% being local and
foreign buyers respectively.

Lai said Jalan Kia Peng was an attractive place to both invest and stay in.

This has traditionally been the address for the affluent, including royalty from the different
states in Malaysia.

Its allure is the peaceful surroundings in a mature tree-lined road, despite being in the
middle of KLCC.

It offers urban tranquillity and yet it is convenient enough because of the surrounding
amenities and establishments, he explained.

The benefits of purchasing a property in Jalan Kia Peng is undoubtedly its prime location in
the heart of KLCC with close proximity to, and with views overlooking the Petronas Twin
Towers on one side and the fashionable Bukit Bintang area on the other.

It is within walking distance to all that a city centre has to offer, including a 45-hole
international standard golf course less than a kilometre away.

Jalan Kia Peng also has a lot of greenery, and KLCC remains the most exclusive address in
the country, Lai added.

The RuMa is also a Green Building Index Certified Project and is expected to be completed
by the end of Q3, 2017. Construction has reached up to level 18.

The idea of branded residences is not new, but their complete integration into a luxury hotel
infrastructure is.

Pretty much every aspect of the hotels design is going to be bespoke and there are two
recurring themes within the design of The RuMa Hotel.

The first is a contemporary interpretation of Malaysias colonial past, the second is driven
by the name of the hotel itself that is RuMa, the Malay word for home.
As such, the design and conceptual approach for the hotel has been informed by these two
themes a home that will capture the spirit of a bygone era whilst remaining resolutely
modern, Lai enthused.

Other prominent upcoming developments in the area include Quadro Residences by

Monoland Corporation Sdn Bhd. The project will entail 245 units in a 36-storey building,
with only seven units per floor.

Also, niche property developer Eastern & Oriental Bhd (E&O) has collaborated with a
Japanese real estate group to develop a serviced-apartment project at the intersection of Jalan
Kia Peng and Jalan Conlay.

Layout for this property range from one to two-bedroom units and is expected to be available
for preview this year.

Existing developments along Jalan Kia Peng include Residensi Kia Peng, Ampersand KLCC
and Sri Kia Peng Condominium.

OXLEY TOWERS KLCC) | Kuala Lumpur (Jalan Ampang, KLCC) | 79 fl, 4

Updated about 11 months ago
Oxley Towers

Among its biggest projects this year is the RM3 billion integrated development by Singaporean developer Oxley
Holdings Ltd ( Financial Dashboard) coming up in the heart of Kuala Lumpur.

Oxley Towers, Oxleys flagship development, will be built on a 3.4-acre freehold site in Jalan Ampang currently
occupied by a Nasi Kandar Pelita outlet. The deal made headlines due to the record price of RM3,300 psf Oxley
had paid to vendor Loke Wan Yat Realty Sdn Bhd. The project comprises three towers of 28, 49 and 79 storeys
that will include hotels, serviced apartments and offices. There will be 600 units of branded residences and 220
hotel rooms in the 79-storey building that will be managed by Sofitel. The 265 units of branded residences and
190 hotel rooms in the 49-storey building will be managed by Dubai-based international hotel chain Jumeirah.

The project has been approved by Kuala Lumpur City Hall for a plot ratio of 14.

Oxley, in typical Singaporean developer style, then held a design competition among six architectural firms
from Malaysia and its home country, says David.

Winning the Oxley job was a pleasant surprise for Veritas, considering the stiff competition, he adds. I think
the client was really clever. They gave a very, very vague brief they said, oh, wed like to have an office,
this and that, lets see what you can come up with.

So, sometimes being vague allows you to be creative. We came up with a solution which I thought was crazy at
first.

Oxley loved the idea. The site was big enough for two or three towers. Many of the competitors designed two
towers while we went for three. I think they liked it because it gave them more flexibility on when to launch
what and how to brand the buildings. It would also be easier to sell en bloc. It gave them three ways to play the
game.

When its done, it will be the first triple towers in KL. We are very excited and thats a feather in the cap for
Malaysian designers. It shows that we can win in international competitions.
The four-star Sofitel and six-star Jumeirah residences and hotels are designed with separate entrances.
Furthermore, the Sofitel residences will be above the hotel while the Jumeirah residences will be built below its
hotel.

Its done this way so that the two brands do not compete with each other. They have different entrances and it
makes it more interesting and creates a bit of mix and competition, says David.

There will also be three bridges at the podium, the mid-level and near the top. They will be used as food and
beverage spaces. Have you been to Marinis on 57 at KLCC? It really generates money. So, these spaces are
very valuable. They cost a bit more to build, but they are really profitable, says David.

Management agreement signed for new five-star hotel in KL (The Star, 6th April 2016)

Harmoni Perkasa Sdn Bhd has signed a hotel management agreement with Banyan Tree Hotels &
Resorts Pte Ltd for its new five-star Royale Pavilion Hotel in the heart of Kuala Lumpur.

Construction of the 12-storey hotel began in May 2015 and is scheduled for completion in the
second quarter of 2017.

The hotel will offer 233 standard rooms, 71 deluxe rooms, 32 suites and one presidential suite
located across nine guest room floors complete with full recreational banquet and conference
facilities. It will also have six food and beverage outlets comprising all-day dining and specialty
dining restaurants, as well as stylish watering holes.

Royale Pavilion Hotel and Banyan Tree Signatures Pavilion are linked to Pavilion Kuala Lumpur
via a link bridge. There will be a complimentary shuttle bus service between the two hotels.

Double Tree by Hilton hotel to boost i-City's theme park, attractions

(theedgemarkets.com, 5th April 2016)

The DoubleTree by Hilton i-City hotel, which is set to open its doors to guests in 2018, is
expected to boost the profile of i-City's theme park and attractions.

The hotel will occupy the bottom half of the building with the top half made up of serviced
residences which will be fully fitted to Hilton standards.

I-Bhd is the master developer of i-City which is being developed into a high-rise urban centre
within the Greater Kuala Lumpur with 25,000 residences, 30,000 knowledge workers and 30
million visitors a year.

The Double Tree by Hilton hotel, with a gross development value (GDV) of RM200 million, will
emerge as the second international accommodation chain in the 72-acre i-City ultrapolis. Hilton
will operate the 300-room hotel which is part of the RM1 billion investment property portfolio
that I-Bhd is establishing to provide a recurring income stream for the group.

I-Bhd's investment property portfolio comprises a 1.5 million sq ft regional shopping mall
CentralPlaza@i-City, three hotels, 8,000 car parking lots and data centres, among others.

Johawaki Development to launch Avanti Residences on May 7 (TheEdgeProperty.com,

4th May 2016)
 Construction firm-turned-property developer Johawaki Development Sdn Bhd will launch
Phase 3 of its landed development, Avanti Residences, on May 7. The final phase will offer 38
semi-detached homes with built-ups of 3,090 sq ft, on a 3,200 sq ft plot. The semi-detached
homes are priced from RM1.49 million onwards.

Avanti Residences first two phases, totalling 20 acres, were launched last September. Phase 1
comprises 22 semi-detached units with built-ups of 2,750 sq ft. Priced from RM1.03 million
onwards, the units are fully sold. Phase 2 offers 24 semi-detached units that are similar to those
in Phase 1 and are priced from RM1.1 million. Some 50% have been taken up.

The whole project has a gross development value (GDV) of RM120 million. When fully
developed, the low-density development will have 84 semi-detached homes.

Each unit will have a smart-home concept with a smart lock system and emergency panic
button. It will also have an integrated alarm system, rainwater reservoir pumping system, anti-
climb fencing and closed-circuit television.

Located in Seksyen U17 in Shah Alam, the project can be accessed via major highways such as
the North-South Expressway, Guthrie Corridor Expressway and Kuala Lumpur-Kuala Selangor
Expressway (Latar Expressway).

Amenities in the gated community will include a three-acre central park and playground. It will
also offer free security service for a year.

Johawaki Development will next focus on a hotel development in Jalan Pahang. Located in the
vicinity of Hospital Kuala Lumpur, the 130-room hotel will sit on an almost one-acre parcel.
Scheduled to be completed by the end of next year, the hotel will be managed by Johawaki
Development.

The developer has another 13 acres next to Avanti Residences that it is keeping for future
development as well as more than 50 acres in Sungai Merab, Selangor; Rinching, Semenyih;
Krubong, Melaka; Bukit Kapar, Klang; and Seremban. The projects for these parcels are still in
the planning stage.

Paramount Corp banks on diversification (TheEdgeProperty.com, 5th May 2016)

Recently, Paramount Corp Bhd launched its new corporate identity to promote its
direction going forward. It plans to focus on its customers especially the younger
generation and is determined to stay in its two businesses.

For the financial year ended December 31, 2015 (FY2015), its property division saw
revenue increase 13% year-on-year (y-o-y) and profit before tax rise 23% y-o-y.
Overall, the division contributed 74% to the groups revenue, and 80% to its profit
before tax.

Property sales reached RM432 million in FY2015, thanks to the sale of 506 units.
Paramount Corp also saw record sales of more than RM100 million from projects in
the northern region. The company enjoyed a take-up of between 60% and 85% across
all its developments.
 The company offers different products at different price points to suit different
investors. At its flagship development, Paramount Utropolis in Glenmarie, property
sales increased after KDU University College started operation.

Paramount Corp plans to double its property launches this year to RM770 million, from
RM313 million in 2015. It also aims to achieve RM480 million in sales for FY2016, a
10% increase from last year.

This year, Paramount Corps launches will include new and existing projects, of which
some 30% will be commercial units, 34% landed residential units and 36% integrated
high-rise condominiums. Besides the varied product mix, its strategy is to launch
projects with a price range of RM300,000 to RM3 million

Existing projects that will be launched this year are Bandar Laguna Merbok in Sungai
Petani, Kedah; Greenwoods in Salak Perdana, Sepang; Sejati Residences in
Cyberjaya; Bukit Banyan in Sungai Petani; and Paramount Utropolis.

Meanwhile, new developments this year include Sekitar26 Enterprise in Shah Alam,
Selangor; Utropolis Batu Kawan in Penang; and a project in Section 13, Petaling Jaya,
Selangor.

Sekitar26 Enterprise is part of the larger 30-acre Sekitar26 integrated

development. Sitting on five acres, the development will have 117 units of 2 and 3-
storey shopoffices with a total gross development value (GDV) of RM117 million.
Utropolis Batu Kawan, a 28.8-acre project in Penang will be the states first
university metropolis, replicating the concept of Paramount Utropolis in Glenmarie.
It is slated for launch in the second half of this year. To be developed over 10
years, the integrated development fronting Aspen Vision City will feature
residential apartments, commercial lots and a retail centre. The project has a total
GDV of RM2 billion.

The Section 13 project on a 5.2 acre leasehold site will be self-contained, with a
GDV of RM700 million. It will have corporate offices, serviced apartments, a retail
component and a Paramount Property Gallery. It is also scheduled to be launched
in the second half of this year.

Meanwhile, the development of Bandar Laguna Merbok is nearing its end. First
launched in 1996, the 500-acre freehold mixed-use project sits next to Sungai Merbok.
The RM920 million developments will see its last phase launched this year.

Bandar Banyan, now 30% completed, will be the companys next focus in Sungai
Petani. The 520-acre freehold development with a total GDV of RM1 billion is
scheduled to be completed in 2027.

For Paramount Utropolis, there are changes to the plan for the last phase reducing
the number and sizing of units (from about 1,000 sq ft to about 800 sq ft each to make
them more affordable) and allocating a parcel of land to build a hotel. The hotel, with a
 gross development cost (GDC) f RM40 million, will be 3-star and have more than 200
rooms. The 11.7-acre freehold Paramount Utropolis was first launched in 2012 and will
be completed in 2021. It has a total GDV of RM912 million. The project also features a
small retail mall of about 120,000 sq ft.

Paramount Corps total undeveloped land bank stands at over 800 acres, with a total
GDV of over RM9 billion.

St. Regis Kuala Lumpur officially opens for business (The Malay Mail, 3rd May 2016)

St. Regis Kuala Lumpur, part of the Starwood Hotels & Resorts chain, is now officially
open.

With a view of the Lake Gardens, the St. Regis Kuala Lumpur has 208 rooms that start
from 138 sq m. The Royal Suite with its private elevator, outdoor terrace, show kitchen
and ensuite massage room and gym as well as separate his-and-hers wardrobes is a
massive 353 sq m.

Like its Singaporean counterpart, this St. Regis will also offer the brands signature
butler service.

Other highlights of the hotel include six restaurant and bar venues, including Taka by
Sushi Saito, the only one outside Tokyo.

The hotel will also offer 10,000 metres of private event space for meetings and events
as well as a fitness centre, yoga room and outdoor swimming pool.

For weddings, St. Regis also has special lounge and dressing room in The Salon,
allowing for convenient wardrobe changes as well as a super-sized lift that can
transport cars and other exhibits into the ballroom.

First Oakwood hospitality property in Malaysia to open in 3Q2016

(TheEdgeProperty.com, 9th May 2016)

Malaysias first Oakwood hotel and serviced apartments formerly the Nomad
SuCasa Hotel is scheduled to open in September this year.

Property owner, Plenitude Bhd, has invested RM50 million for the renovation and
upgrading of the Oakwood Hotel & Residence Kuala Lumpur. The refreshed
development will meet the varied needs of leisure and business travellers.

Plenitude has appointed Oakwood Asia Pacific Ltd to manage and operate Oakwood
Hotel & Residence Kuala Lumpur at Jalan Ampang, Kuala Lumpur.

The hotel has been closed for refurbishment since March 2015 after its owner Nomad
 Group was acquired by Plenitude.

Upon completion, the 22-storey Oakwood Hotel & Residence will comprise 252 units of
serviced apartments with facilities such as a swimming pool, a childrens wading pool,
a convenient store, gymnasium and restaurant as well as meeting rooms and ballroom
facilities.

Oakwood Hotel & Residence Kuala Lumpur will be offering about 72 studio apartments
and 180 units of one and two-bedroom hotel suites.

This will also be the first hotel and residence property under the Oakwood brand in the
Asia Pacific. The operator hopes to achieve 70% occupancy rate after the operation
starts in September.

Oakwood Hotel & Residence Kuala Lumpur is the operators 28th Oakwood brand
property across 16 cities in Asia. The company plans to unveil nine hospitality
properties this year in Singapore, Vietnam, Japan and China.

Oakwood Asia Pacific had recently launched its hotel in Brisbane, Australia in January.

Meanwhile, Plenitude is diversifying its portfolio into the hospitality segment and
expects the revenue contribution from the segment to increase to about 30% in near
term from 5% to 10% currently.

Other than Nomad SuCasa Hotel, Plenitude has another three hospitality properties
under the Nomad Group, namely the 295-room Novotel Kuala Lumpur City Centre, the
131-room GLOW Penang and a 66-suite serviced residence project known as The
Nomad Serviced Residences Bangsar.

Plenitude also owns two hotels in Penang -- Four Points by Sheraton Penang and the
Gurney Resort Hotel & Residences.

Binastra Land to launch flagship integrated development in Chan Sow Lin

(TheEdgeProperty.com, 28th May 2016)

Contractor-cum-property developer Binastra Land Sdn Bhd aims to launch its flagship
and largest project, the RM1.3 billion Trion Kuala Lumpur in Chan Sow Lin, an
industrial area in Kuala Lumpur, at the end of the year.

The freehold mixed-use development will come up on a 14.075-acre parcel, on which

currently stands a Volkswagen showroom that will be relocated in September.

The project is expected to complete in five years. It will feature retail, hotel, serviced
apartments and office components.
Three blocks above a 9-storey podium.
Podium:
 - 2 levels of retail (circa 70,000 sq ft or 20 units) with the remaining levels for
parking bays (about 400 bays for the commercial component)
- Developer will retain about half of the retail lots
Three blocks:
- 2 blocks of serviced apartments (> 60-storey)
- 1 block with mix of offices, hotels and serviced apartments
- In total, > than 1,300 serviced apartment units, built-ups of 600 sq ft and 1,000
sq ft. Pricing below RM800,000 for the small units.
- The three levels of office component will be retained by Binastra land for own
use
- Mercure will manage and operate the four-star hotel (260 rooms)

IGB Corp in talks to sell Renaissance KL (The Edge Malaysia, 23rd May 2016)

Established property company and hotelier, IGB Corp Bhd, is believed to be in talks to
dispose of its 20-year-old, 910-room Renaissance Kuala Lumpur hotel to a little-known
Singapore company for just below RM800 million. Should the deal materialise, it would
create history as the countrys most expensive hotel transaction.

IGB is negotiating with a company called Canali Logistics Pte Ltd to sell Renaissance
KL for between RM750 million and RM770 million. This hotel asset, the largest in
Kuala Lumpur in terms of room inventory, is located in a prime location in the capital at
the corner of Jalan Sultan Ismail and Jalan Ampang.

Renaissance KL sits on a freehold parcel and carries a net book value of RM646.12
million as at December 31, 2015. It is currently undergoing a RM50 million renovation.

The hotel is owned by Great Union Properties Sdn Bhd, which in turn is owned by IGB
Corp (70.48%) and Pacific Land Bhd (29.52%). Pacific Land, meanwhile, is wholly
owned by IGB Corp.

The sale appears timely as the management contract with Marriott International Inc,
which owns and operates the Renaissance brand, will come to an end this December.
It has been rumoured that the new owner may consider a new hotel management firm,
and one name that has emerged in the market is Hilton Hotels & Resorts.