Property

KUALA LUMPUR: Radium Development Berhad (“Radium” or the “Company”) has reached a significant milestone with the acquisition of a 2.56-acre leasehold parcel in Bandar Ampang, Selangor. The acquisition was executed through its indirect wholly-owned subsidiary, Mayang Sepakat Sdn. Bhd. This marks Radium’s first project outside Kuala Lumpur, aligning with its expansion strategy to strengthen its presence in key Klang Valley locations and deliver well-connected, high-value properties. Key Highlights 1. Strategic Land Positioning Prime location near Kuala Lumpur City Centre. Direct accessibility via major highways and the Cempaka LRT Station. A transit-oriented development (TOD) opportunity appealing to urban residents and businesses. 2. Development Potential Planned mixed-use development with approximately 1,128 residential units, including 340 affordable Service Apartment Mampu Milik (SAMM) units. Commercial spaces to complement residential offerings. Estimated Gross Development Value (GDV): RM470 million. 3. Financial Strategy Acquisition cost: RM45 million, funded through a prudent mix of internal funds and bank financing. Reflects Radium’s financial stability and commitment to sustainable, growth-driven developments. Strategic Rationale The acquisition aligns with Radium’s vision of securing prime urban land in high-demand areas. Located within a TOD zone, just 350 meters from the Cempaka LRT Station, the site supports Radium’s focus on sustainable urban living and enhances its project pipeline catering to Klang Valley’s growing population. Leadership Perspective Group Managing Director Datuk Gary Gan Kah Siong shared his optimism about the project: “This acquisition is a cornerstone in Radium’s growth strategy. It positions us to meet the rising demand for accessible, high-quality urban spaces in Klang Valley while reinforcing our commitment to creating sustainable, long-term value for shareholders.” Outlook As Radium expands its land bank and project portfolio, this acquisition reflects its dedication to delivering exceptional urban living spaces. The project is set to meet market demand and sustainability goals while strengthening the Company’s leadership in the Klang Valley property market. For more information, visit www.radiumdevelopment.com.

Savvy @ Riana Dutamas, a vibrant and thoughtfully designed development by IJM Land and FCW Holdings Berhad, has reached a significant milestone by completing its serviced residences ahead of schedule and delivering vacant possessions to homeowners. Situated in the burgeoning township of Segambut, which is just a stone’s throw away from Mont Kiara and Solaris, this freehold property marks a significant achievement in IJM Land’s portfolio, offering modern urban living and a potentially savvy investment opportunity. Savvy @ Riana Dutamas has a Gross Development Value (GDV) of RM590 million and sits on 5.06 acres of prime land. The development has also earned the prestigious GreenRE Bronze certification in recognition of its sustainable features, including an impressive QLASSIC rating of 85%, reflecting its high construction quality. Additionally, beautiful murals painted by local artists support the local art scene and add a vibrant, artistic flair to the communal spaces. The development features 921 elegantly designed serviced apartments, with units sold at starting prices from RM454,000. The residences are available in various layouts, ranging from 722 sqft (2-bedroom) cosy units to spacious 1,232 sqft (3-bedroom + studio dual-key) designs, catering to both young professionals and even multigenerational families. Each unit is allocated 2 to 3 car parks, ensuring residents that they have sufficient access to parking. “Savvy @ Riana Dutamas offers the perfect balance between city living and a home that’s like a peaceful retreat. Our vision was to create a development that speaks to the needs of both the young and the young at heart, whether they are looking for a dynamic lifestyle in the city or seeking a secure and smart investment option. With its strategic location in Segambut and an emphasis on community-driven and interactive spaces, Savvy offers the optimal urban lifestyle, providing residents with a serene sense of calm and peace of mind when they return home,” said Datuk Chai Kian Soon, Senior General Manager of IJM Land. Urban Tranquillity Savvy’s design blends city vibrancy with communal areas that encourage mindfulness and reflection. The interlocking design of Towers A and B, joined by a central bridge, fosters interaction among residents. In contrast, the lower-ground central park offers a lush green space for relaxation and connection. This innovative architectural design creates a harmonious coexistence of community living and privacy. Residents enjoy seamless connectivity to Solaris Dutamas, Mont’Kiara, and KL Metropolis, with major highways such as DUKE, SPRINT, and NKVE providing easy access to Kuala Lumpur. Public transport is equally convenient, with a dedicated walkway to Segambut KTM Station, making commuting easy and efficient. “We aimed to create a home that embodies a complete lifestyle. Savvy’s design encourages a strong sense of community while offering privacy and personal space. Its unmatched location puts everything within reach, while still providing a peaceful retreat from the city’s hustle and bustle,” added Datuk Chai. Stellaris @ Riana Dutamas: The Final Phase Building on the overwhelming success of Savvy, IJM Land is ready to ensure continuity and progress with the highly anticipated launch of Stellaris @ Riana Dutamas in December 2024. Designed around the concept of urban retreat living, Stellaris will offer 1,143 exclusive freehold serviced residences spread across 5.78 acres. With unit sizes ranging from 760 sqft to over 1,200 sqft, featuring 2-3 bedrooms and dual-key layouts, Stellaris provides versatile living options tailored to modern lifestyle needs, making it a true redefinition of upscale urban living. Additionally, what sets Stellaris apart is the retail component that will include 4 units of strata shops for added convenience, making daily life even more accessible for both itself and even Savvy. As a transit-oriented Development, it will also feature a covered walkway to the Segambut KTM Station and the GoKL shuttle to the nearest MRT station, providing excellent connectivity. Class Leading With a GDV of RM818 million, this final phase will offer a vibrant blend of convenience and modern design. The development features 31 thoughtfully curated lifestyle facilities, ranging from sleek co-working spaces designed for productivity to peaceful relaxation areas for unwinding after a long day. With modern features such as 24 EV bays and GreenRE initiatives, Stellaris enables residents to enjoy cutting-edge conveniences while contributing to a greener future with sustainability in mind. “Stellaris will deliver the best of both worlds, offering high-end living with a conscious focus on sustainability. Every detail has been thoughtfully designed to complement the vibrant pace of city life while providing a much-needed sanctuary to unwind when necessary. Whether you’re working, relaxing, or enjoying all the city has to offer, Stellaris ensures a living experience that stylishly balances comfort and convenience,” said Datuk Chai. Stellaris will feature a sleek, contemporary design that integrates modern architecture with the surrounding natural landscapes. Its hallmark is IJM’s thoughtful unit layouts, along with the inclusion of strata shops and covered walkways to Segambut KTM Station, ensuring that both Savvy and Stellaris will eventually become coveted standout developments in the area. For more information about Savvy @ Riana Dutamas and the upcoming Stellaris @ Riana Dutamas, visit https://rianadutamas.com/.

ARA DAMANSARA: Sime Darby Property Berhad continues to attract homebuyers and investors, highlighted by the success of its recent launches at Elmina City Centre. JUMPA @ Elmina Valley, a premium commercial development just 500 meters from the City Centre, achieved a 100% take-up rate within a day. Meanwhile, Kanopi, the first phase of serviced apartments in the 350-acre Elmina City Centre, recorded a 70% take-up upon launch. These milestones underscore the growing demand for well-located, high-quality developments in the award-winning City of Elmina, positioning it as a dynamic, connected, and sustainable urban hub. JUMPA offers 44 freehold units of two and three-storey shop offices, with sizes ranging from 3,360 sq. ft. to 5,019 sq. ft., starting at RM1.93 million. Sime Darby Property’s COO of Township Development, Appollo Leong, shared, “The overwhelming response to JUMPA reflects the increasing need for accessible, well-designed business spaces. We’re committed to growing Elmina City Centre into a vibrant community hub that supports businesses and meets the needs of its rapidly growing population.” Kanopi, with a Gross Development Value (GDV) of RM299 million, spans 3.58 acres and features 499 units, including affordable housing starting at RM270,000. With over 35 lifestyle facilities and prime access to amenities like the Elmina Lakeside Mall and Central Park, Kanopi redefines urban living. Its location near major highways and a future MRT hub makes it a prime choice for first-time homeowners and investors. The City of Elmina’s master plan, celebrated for its sustainability and community living, continues to thrive with developments like JUMPA and Kanopi. Recognized for excellence, the township recently earned accolades at the Malaysia Landscape Architecture Awards and the Malaysia Urban Planning Awards. To learn more about Elmina City Centre properties, visit www.simedarbyproperty.com.

Old Klang Road is one of Kuala Lumpur’s most vibrant and historic thoroughfares. It has long been a dynamic hub of energy, where the established rich texture of the community is infused with a new zeal for life. This evolution ensures continuity in culture, commerce, and convenience, enhancing the area’s livability and marking the introduction of Gen Starz Residences as a significant addition to Old Klang Road’s vibrant community. The enduring vibrancy of the neighbourhood makes it the perfect bustling backdrop for Majestic Gen to introduce Gen Starz Residences, the newest addition to reinvigorate urban living on Old Klang Road, in the heart of Klang Valley. This innovative development will redefine modern living while honouring the neighbourhood’s rich legacy. Occupying a niche pocket in the dynamic Old Klang Road corridor, Gen Starz Residences is a freehold, low-density development offering 360 handsomely designed serviced apartments. With a gross development value (GDV) of RM 272 million, this project serves as the headlining feather in the cap of Majestic Gen’s burgeoning portfolio and a significant milestone that is strategised to cater for the growing demand for an infusion of sophisticated urban living propositions that assimilates well into existing mature neighbourhoods. Gen Starz Residences draws inspiration from the close-knit community of Old Klang Road. The overarching design captures the spirit of the people and the character of the neighbourhood, blending contemporary living with the nostalgic charm of this beloved area. Building upon this rich local heritage, the Chroma-Vista theme celebrates a vibrant and enriching lifestyle, merging bold colours with stunning vistas to create a holistic development that radiates energy and warmth from every corner. “Gen Starz Residences reflects our vision of creating spaces where every resident is allowed to thrive and shine on their own accord, ” said Dato’ Hoo Kim See, CEO of Majestic Gen. “The shining ‘Star’ represents a recurring starring role in a great locale with a supporting cast of a lively, modern lifestyle that is in line with our tagline of ‘Sparkles every Hour’ that enhances the appeal of a home with a cohesive charm, no matter the time of day.” This is evident in the building, which is intentionally composed of linear and yet free-flowing forms that mirror the diverse connections made in the greater community, symbolising the journey of individuals coming together to foster meaningful relationships. The residence is designed to cater towards a youthful and creative congregation, promoting new entrepreneurial ventures, holistic education for the new generation, and cultural exchange, all within a space that seamlessly integrates urban convenience with diverse requirements and needs. MEASURED FIT At Gen Starz Residences, flexibility and modularity meet modern living with three thoughtfully designed layout options, each crafted to fit diverse lifestyles and increasingly preferred work-from-home preferences. For instance, Type A, with its compact 650 sq ft layout, features two rooms and one bath, making it an ideal choice for young professionals (or couples) seeking a stylish yet efficient space. For those who desire a bit more room, Type B offers a generous 756 sq ft space, complete with two rooms and two baths, providing extra comfort and much-needed privacy. For families and individuals who value spacious living, Type C is the perfect solution. Its large 874 sq ft layout includes three rooms and two cosy baths, offering more than ample space for growth and activities. “What sets Gen Starz Residences apart from other residences is our innovative use of flexible walls,” added Hoo. “These manoeuvrable walls allow residents to customise and transform their living spaces as their familial needs evolve. Whether you wish to modify the layout temporarily for an open-concept space for gatherings or create more permanent private areas with partitions, our adaptable walls allow you to shape your home exactly as you envisioned it, without too much hassle, thus reflecting and reinventing your own unique lifestyle as you wish.” NATURAL DESIGN It is with great pride that Gen Starz Residences has attained a Provisional GreenRE rating in the residential category, solidifying Majestic Gen’s commitment to eco-friendly, sustainable living solutions and applications. A key feature is its commitment to renewable energy, with 30% of the roof space dedicated to photovoltaic solar panels. Additionally, energy-efficient air conditioning, fans, and roof insulation have been carefully selected to meet strict energy-saving requirements. This approach, combined with enhanced ventilation, ensures optimal air quality in both individual units and common areas, including wet spaces frequently used by residents. A strong indicator of its green focus, Gen Starz Residences offers residents abundant natural light and expansive green spaces. Open lawns and the tranquil Little Forest provide a serene living environment for everyone to enjoy. Coupled with energy-efficient lifts and water-saving fixtures, such as flushing cisterns, these features further enhance the development’s sustainability focus. The use of green construction materials and responsible waste management underscores Majestic Gen’s dedication to reducing environmental impact while ensuring deliverables are met, and that residents can move into their units on schedule. The Modern Contemporary landscape concept at Gen Starz Residences focuses on creating open and functional spaces with clean lines and minimalist designs, resulting in a spacious and uncluttered environment. Elegant water features and sculptural elements enhance the visual appeal of this serene oasis, complementing the overall modern aesthetic while incorporating natural materials and contrasting colours. This thoughtful approach extends to the planned greenery, which is manicured to be symmetrical yet distinctive, further accentuating the landscape and providing a sense of proportion and balance. The result is an outdoor space that is both elegant and inviting, offering residents a harmonious retreat amidst the urban environment. EVERYDAY EXTRAORDINARY Gen Starz Residences boasts an impressive array of amenities across three levels that are meant to elevate the living experience to new heights. The podium deck offers a panoramic 360° Outdoor Gym, where residents can enjoy a workout with stunning city views at their beck and call, before they take a dip in the Infinity Swimming Pool for a healthy dose of recuperation and relaxation. For social gatherings, the Multipurpose Hall and

SINGAPORE: Global property consultancy Knight Frank’s Asia-Pacific Prime Office Rental Index for Q3 2024 shows prime office rents in Asia-Pacific are stabilising, falling 0.1% quarter-on-quarter, suggesting a potential bottoming out of the market. This trend is supported by growth in Indian markets, which exhibit strong and sustained demand from offshoring operations and domestic businesses. Key findings for Q3 2024: Sixteen out of the 23 monitored cities reported stable or increasing rents year-on-year, up from 15 in Q2 2024, with rents in Bangkok now posting an increase. Year-on-year, rents declined 2.5%, an improvement from the 2.8% drop observed in Q2 2024. Rental growth was led by Brisbane at 11.4% year-on-year. Cities on the Chinese mainland remain the primary driver of the region’s rental decline, with an 11% year-on-year decrease steeper than the 10.6% reduction in Q2 2024. Regionwide vacancies are stabilising, falling marginally 0.2 percentage points quarter-on-quarter to 14.8% to halt consecutive quarterly increases since Q2 2022. Tim Armstrong, global head of occupier strategy and solutions, says, “Global economic uncertainties have led to more cautious capital expenditure strategies among occupiers, favouring renewals and consolidating office footprints. When relocations do occur, companies are opting for smaller, higher-density spaces, aligning with cost mitigation needs and the growing acceptance of hybrid work models. While the business sentiment may improve as the Fed eases monetary policy, demand will continue to be tempered by prudent spending and workplace strategies focused on maximising space utilisation.   However, as the region’s development peak subsides, any significant uptick in leasing activity could rapidly tighten the availability of prime spaces. This scenario may accelerate the flight-to-quality trend as tenants seek to upgrade their portfolios in a potentially more competitive market.”   India’s thriving office market is key in driving regional growth, with Mumbai, Bengaluru, and the National Capital Region (NCR) setting consecutive quarterly records in Q2 and Q3 2024, as occupier demand remains strong in tandem with slow office supply. The growth is primarily fueled by two key segments: Global Capability Centres (GCCs) and India-facing businesses. Bengaluru stands out as a market leader with a 158% year-on-year increase in transaction volumes in Q3 2024.   While the Asia-Pacific prime office sector is expected to remain tenant-favorable in 2024, market dynamics may shift. The projected 20% decrease in the 2025 supply pipeline could gradually reduce availabilities, potentially creating a more competitive environment for prime spaces. Chistine Li, head of research, Asia-Pacific, Knight Frank, says, “Despite the delivery of over one million sqm of new supply, regional vacancy dipped marginally in the third quarter, which halted eight consecutive quarters of rises. Rental declines also moderated, dropping by just 0.1% quarter-on-quarter, which indicated that the rental downtrend in the region could be bottoming out. Overall rents in the region were held up by Indian cities, as occupier demand continued to remain robust in tandem with a slowing supply pipeline. While occupiers remain cautious, there is continued interest in newer and quality spaces that prioritise sustainability. Given lower new supply in 2025, vacancy rates can be expected to fall gradually. However, rental growth will remain subdued, with tech firms still right-sizing their headcount and intense competition for tenants in mainland Chinese markets.”

HONG KONG : Henderson Sunlight Asset Management Limited (the “Manager“) is pleased to announce that Sunlight REIT has achieved a four-star rating in the 2024 GRESB Real Estate Assessment (“GRESB Assessment“), the leading global environmental, social and governance (“ESG“) benchmark in the real estate sector. Mr. Wu Shiu Kee, Keith, Chief Executive Officer of the Manager, said, “We are delighted and honoured to have received a four-star rating in the latest GRESB Assessment – this recognition is a testament to the Manager’s unwavering commitment and ability to advance sustainability by integrating ESG values into the management and operations of Sunlight REIT. As a responsible landlord, we will continue to adhere to the overriding principle of striking a balance between profit, planet and people, and will strive to foster a culture of care and innovation to transit into a low-carbon economy and to create shared values for our stakeholders.” Incidental to the change of financial year end date of Sunlight REIT from 30 June to 31 December, the next sustainability report of Sunlight REIT will cover an 18-month period from 1 July 2023 to 31 December 2024. To keep stakeholders abreast of the latest progress, the Manager will shortly upload an interim sustainability review to the corporate website of Sunlight REIT, providing a snapshot of the sustainability performance of Sunlight REIT for the 12 months ended 30 June 2024. GRESB is a mission-driven and industry-led organization which provides a rigorous methodology and consistent framework to measure the ESG performance of real estate assets and portfolios. In 2023, more than 2,000 property companies, REITs, funds and developers with US7.2 trillion in assets participated, covering over 170,000 assets across 75 countries. Sunlight REIT has participated in GRESB Assessment since 2022.

CYBERJAYA: Oriental Interest Berhad (OIB) Group, in collaboration with Permodalan Negeri Selangor Berhad (PNSB), through its subsidiary, PNSB Construction Sdn Bhd (PCSB) unveiled Putra Idaman, a new affordable housing project that aims to support urban growth in Selangor.  The project under the Rumah Idaman programme, was officially launched by Selangor Chief Minister, YAB Dato’ Seri Amirudin Shari, in concurrence with a symbolic groundbreaking ceremony for Saujana Idaman, another Rumah Idaman project by OIB, which will be launched in the near future.  Rumah Idaman is a successful Selangor-government initiative to address the rising demand for quality, affordable homes in strategically located urban centers. The initiative offers units tailored for B40 and M40 Malaysians, particularly first-time homebuyers and small families seeking a foothold in the property market.  Located in Desa Pinggiran Putra, Putra Idaman spans 6.7 acres and has a gross development value (GDV) of RM125.5 million. Targeted for completion in 2028, Putra Idaman will feature two apartment blocks, offering a total of 502 semi-furnished units. Each unit is priced at RM250,000 and is designed specifically for low to middle-income families.  During the launch, Dato’ Seri Amirudin expressed his appreciation for OIB and PNSB’s dedication to delivering comfortable, quality homes with essential amenities, aimed at enhancing the well-being of Selangor’s residents.  He further remarked, “I am confident that the success of projects like Putra Idaman, Saujana Idaman, and other Rumah Idaman MBI developments, which offer affordable prices and location with good accessibilities, will greatly improve the quality of life for Selangor’s residents. These initiatives also present an appealing opportunity for our youth to become first-time homeowners.”  Executive Director and CEO of OIB, Low Kok Shen emphasised that the project is testament to OIB’s commitment to elevate homeownership opportunities for individuals and families from all walks of life.  “OIB currently has over RM1 billion of affordable housing properties in the pipeline under schemes such as Rumah Idaman and Rumah Selangorku with Putra Idaman being the first of many projects under the Rumah Idaman initiative.  “We believe affordable housing in Malaysia is not just an economic issue, it’s a societal imperative. Property developers have a vital role to play in shaping a future where homeownership is accessible to all.  Low added that affordable housing projects like Putra Idaman and Saujana Idaman are vital to support the inclusivity and sustainability in the growing townships of Putrajaya, Cyberjaya, and Dengkil, which have shown population growth rates almost three times the national average according to Malaysia’s 2020 population census.  Designed to meet the needs of modern lifestyles, each 1,002 sq. ft. unit features three bedrooms and two bathrooms; furnished with wardrobes, air-conditioners, water heaters, television with cabinet, kitchen cabinets, and a refrigerator. Each unit also comes with two parking spaces, adding another layer of convenience for homeowners.   Putra Idaman is set in a gated and guarded community, making it an attractive choice for those seeking a safe and well-planned living environment within a rapidly growing neighbourhood. Putra Idaman is easily accessible via a network of highways such as the MEX Highway, ELITE Highway and the South Klang Valley Expressway (SKVE), and the MRT Putrajaya line.  Low added: “Affordable housing is fundamental to building a thriving and equitable society. It offers individuals, families, and first-time homebuyers the stability and security needed to create a better future. We believe that Putra Idaman will provide more than just shelter – it will contribute to social advancement and strengthen the nation’s economic resilience.”  Chief Executive Officer of PNSB, YM Raja Ahmad Shahrir Iskandar bin Raja Salim remarked, “The launch of Rumah Idaman Putra Idaman is the second project launch for 2024 as scheduled by PNSB. The Rumah Idaman Putra Idaman and Saujana Idaman projects are two joint venture projects with OIB, with an estimated total of 1,360 units out of the 5,783 units planned for the Rumah Idaman development in the Sepang district. This development will undoubtedly add value to Mukim Dengkil.”  “We are very honoured to collaborate with OIB on this affordable housing project. This partnership not only aligns with PNSB’s commitment to in increasing public housing access but also demonstrates our dedication to deliver quality housing and value to the community. Through this collaboration, it has made a significant impact in providing affordable and high-quality homes for everyone.”