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Asiatic Capital, Kuala Lumpur (2026)

13/08/2015

SUSTAINABLE LIVING THROUGH LANDSCAPE ARCHITECTURE

LANDSCAPE architecture is no longer about beautifying a space with greenery, it is also about improving the environment and contributing to sustainable development, says Bangkok-based Terrains + Open Space (TROP) design director Pok Kobkongsanti.

“It’s about [being] environment-friendly. You can help reduce heat and water consumption. Nowadays, landscaping is not for beauty anymore. It has evolved into a ‘machine’ that makes the environment better,” Pok tells The Edge Property when he was in Kuala Lumpur on June 23.

The humble 39-year old founded TROP in 2007 as a landscape architectural design studio and has since undertaken projects that include hospitality, residential, commercial and installation design.

Due to growing concerns about the environment such as global warming and the Indonesian forest fires, Pok sees landscape architects playing a more significant role in creating cool and sustainable environments.

Hilton Pattaya swimming

He notes that landscape architecture is not merely about planting green, but also a holistic approach to complement a building on various aspects — including architecture, interior design, engineering, marketing as well as the clients’ needs.

“You have to understand the architecture, the interior design, and engineering, the clients’ needs and marketing. So, it mixes everyone together. Landscape architecture is the one which is going to connect the architecture and the earth. If you don’t understand that, then you will only do your own thing — which may not be a good idea. Although we want to make our garden look good, the garden needs to have a purpose,” he says.

Pok was born in Thailand to Chinese parents. He has an immense passion for drawing, and pursued a degree course in landscape architecture at Chulalongkorn University in Thailand.

“At the time, I did not even know architecture, let alone landscape. I thought my drawing skills were good enough to help me survive the course. However, it was not. I learnt that designing is a totally different art from drawing. So, I studied hard and eventually, I got better in design, which led me to where I am today,” says Pok.

Quattro Bangkok

He then furthered his studies at the Harvard University, Graduate School of Design and graduated with a Masters of Landscape Architecture in Urban Design in 2000.

His first project at TROP was the Hilton Hotel Pattaya in Chonburi, Thailand which bagged the Thailand Property Awards for Best Landscape Design. The project was completed in 2010 and marked his “first milestone”.

His other significant landscaping projects include a 446-unit condominium called Quattro by Thai developer Sansiri, and Singapore’s Changi Airport. Both projects won the American Society of Landscape Architects Award, which honours the best landscape architecture around the globe.

He says winning an award is a huge bonus but it isn’t his priority.

“Every project that achieves the concept that we imagined is our accomplishment. It doesn’t matter if this project gets an award or not. To me, if it got built like exactly how we had in mind, then we think that is a success,” he says.

Conlay Kuala Lumpur property

8 Conlay

Pok recently made his debut in Kuala Lumpur as the landscape designer of luxury development 8 Conlay.

8 Conlay is a RM4 billion project by KSK Land Sdn Bhd. The 1.6ha freehold mixed-use project comprises two towers of serviced apartments, a hotel tower and a retail component located along Jalan Conlay, Kuala Lumpur.

He will be designing the 44th and 26th floors that connect both towers. Level 44 features a vertical park that resembles a rainforest while level 26 features a main swimming pool area with the design inspired by dew drops.

“This is not a typical building, but a twisting building. Engineering-wise, it’s very hard to do,” he says about 8 Conlay’s architecture.

He describes the landscape design as “minimalist and simple with only the things that you need. In some developments there are so many things going on in one small garden design. But here, we only keep the core of the design.” He adds that the walls will have reflective elements, which maximise sunlight into the building.

Quattro property

No short cuts in life

Pok foresees the architecture arena becoming more competitive in future. “I think it’s getting much more advanced than 10 years ago. People are looking for new ideas, new things so it’s a pressure for designers. Every year, we have to come up with new moves that haven’t been done before. On the whole, it’s a good thing because we are not getting comfortable. You have to find a better way to work [and] to come up with new and innovative designs.”

Pok says younger architects need to be patient and work hard to deliver. “You have to work very hard, because you cannot get better in one or two years. Basically, you have to collect experience; there’s no short cut. You have to work hard every single day. If you do that, you know you are going to be much better than last year. But you cannot be good overnight.”

Moving forward, Pok has a number of projects on his plate. “We are working on a couple of high-end residential projects in Bangkok and China. These include Ashton Chula-Silom and Ashton Residence 41 (both developed by Ananda Development Pcl), which are getting a lot of attention in Thailand.”

This article first appeared in The Edge Property pullout, on July 24, 2015.

13/08/2015

WEAKENED RINGGIT DRAWS FOREIGN INTEREST TO KOTE KINABALU: KNIGHT FRANK

The weakened ringgit has spurred increased interest from foreign buyers in Kota Kinabalu’s property market, particularly for luxury properties priced at RM1,000 psf and above, and prime land in the city area, according to Knight Frank Malaysia Real Estate Highlights 1H2015.

“The ringgit’s continuing slide against worldwide currency baskets is likely to attract a significant amount of foreign investment for the right properties and land during the second half of the year,” says Knight Frank.

It believes that this trend will continue with the entry of more new projects that meet the requirements of foreign investors.

New launches of mixed-use products at the old Jesselton Port area are anticipated in 2H2015. Its waterfront location and the growing appeal of its prime properties to offshore buyers should attract high-net-worth domestic investors and regional foreign investors, and ensure some sales momentum.

Based on the Valuation and Property Services Department’s Property Market Report 2014, there was a total of 8,926 transactions in Sabah in 2014 worth RM4.357 billion, down 2% from 2013. Some 80.2% of total transactions were priced below RM500,000 and only 6.7% were priced at RM1 million and above.

Most of the transactions were in the residential sub-sector, with a total transacted value of circa RM1.615 billion or about 37.1% of the overall market value.

Meanwhile, the industrial sector was the least active, contributing a total transacted value of about RM340 million or 7.8%.

Knight Frank remains optimistic on the overall Kota Kinabalu property market in the medium to long term and expects it to remain stable in terms of values. However, it expects transaction volumes to remain low until lending conditions improve. It notes that this is also reflective of the diminished new supply.

“The consolidation and lull in the market is being felt regionally. However, we expect a strong rebound as investment conditions improve,” says Knight Frank in the report.

SOURCE
- Theedgeproperty.com

11/08/2015

JOHOR TO IMPLEMENT DEVELOPMENT COASTAL FRAMEWORK IN UNDER ONE YEAR

The government of Johor is aiming to implement the Johor Strait Development Corridor Master Plan by early 2016 until 2025 in coordinating development within the coastal areas involved, reported Bernama.

According to State Housing and Local Government Committee chairman, Datuk Abd Latiff Bandi, Menteri Besar Datuk Seri Mohamed Khaled Nordin is expected to announce the plan’s complete details at the tabling of the 2016 Johor State Budget later this year. “This master plan will be the development framework for the coastal areas along the Johor Strait, which is the first such plan in the country.”

“At the moment, we are giving the public the opportunity to forward feedback, suggestions or objections to the master plan before it is implemented,” said Abd Latiff at the launch of the Public Feedback Session on the Johor Strait Development Corridor Master Plan Study 2014-2025.

One of the issues which required the setting up of the plan was the high development pressure at the Johor Strait, starting from the Tanjung Piai Ramsar area, near Pontian, all the way to Sungai Johor, he said.

The master plan is aimed at protecting the interest of the local residents within the involved area so they may not be left behind from the fast development taking place. One of the suggestions in the plan is the international strategic zone policy, which is mainly focused on not providing foreigners freehold ownership of property, but merely leasehold ownership.

The public can give their objections, feedback or suggestions via the feedback form until 19 August, said Abd Latiff. Feedback can be submitted at six master plan study display locations – Johor Baharu Tengah Municipal Council building, Bangunan Datuk Abdul Rahman Andak in Kota Iskandar, Pasir Gudang Municipal Council building, Johor Baharu City Council building, Pontian District Council building and the Iskandar Regional Development Authority office, or at www.johor.gov.my/kpsj.

source
-Propertyguru.com

11/08/2015

GUIDE TO TENANCY AGREEMENT

Renting out your apartment may be a good source of passive income but it can give you a host of legal problems if you’re not thorough.

Any conflicts and disagreements between you and your tenant consume time and resources. Especially if the specifics on the tenancy agreement are not detailed before the tenant signs it.

A legal contract will clearly set up the rules and stipulations. It establishes the rights and responsibilities of the landlord and tenant in an official way.

It is the responsibility of all parties involved, including the solicitor and agents to ensure that the tenancy agreement is ironclad and devoid of loopholes.

A tenant agreement is extremely important to the tenant as it protects the tenant from being forcibly evicted should the current landlord sell the property to someone else.

As a guide, we’ve prepared a list of important things you’ll want to look at while drafting out the tenancy agreement;

1. Length and type of tenancy:
A short tenancy typically lasts for six months. A longer tenancy is usually set at a minimum of a year with an option to renew. You must also determine how many people are allowed to live in the apartment/property and how long a notice your tenant will need to give if they want to terminate it prematurely.

2. Dos & don’ts:
Are there any restrictions you’re going to impose on your tenants? Will they be disallowed to own any pets or only a certain type? What about loud music and house parties? Will they be allowed to entertain guests and have them stay over temporarily?

3. Rent:
How much rent you can charge depends on the location of your property, the distance to amenities, the condition of the property and what features are included. You need to also determine when the tenant must pay the monthly rent and what penalties there are for missing payment. State all additional and hidden costs and let your tenant know what is covered in the rent and what aren’t. Also state what factors may influence you to increase the rent.

4. Deposits:
How much of a deposit does your tenant need to pay? One month or two? When will you return the deposit and under what conditions will it be withheld?

5. Maintenance:
Will you provide any maintenance services? How frequent will you check on the property? What type of maintenance will you provide? Will you charge for these additional services? Do you provide other services such as maids, laundry and weekly vacuuming?

6. Landlord’s rights:
How frequently will you visit the property? Will you schedule an appointment? Do you have access to the property when the tenant is not around? How can the tenant be sure that the landlord will not enter the property uninvited? Under what circumstances can the landlord enter the property without informing and scheduling a visit with the current tenant?

Following these guidelines while having your lawyer preside over the contract will go a long way to ensuring that you and your tenant’s rights will be legally and fairly represented at all times.

source
-propertyguru.com

10/08/2015

TOP 5 CONSIDERATION FOR BUYING YOUR FIRST PROPERTY

Buying a home is a huge commitment, so make sure you are ready before making that big leap. Evaluate to see if you have the capabilities, or the need to purchase a home. Check out mortgage calculators to see how much are your monthly loan repayments. As a general rule of thumb, monthly loan repayments should not exceed 1/3 of your monthly income.

Why do you buy a property?

People buy properties for many different reasons. These reasons will influence the type of property that would be suitable for you. For example, a studio apartment would be ideal for a single working adult who wants to have a place of his own. However, a bigger apartment would be more suited for a newly married couple.

If you have just welcomed your first child, then you might want to opt for a landed residential property with more space for your child to play and grow. Then, there are also investors who seek out specific properties to fulfil their investment goals. Whatever your reason may be, it is crucial to find a property that suits your unique lifestyle and needs.

Who can buy a property?

In Malaysia, as long as you are a citizen aged 21 years old and above, you can purchase any property in the country. However, there are certain properties which are only reserved for Bumiputeras.

How to find a property?

There are several channels to find properties for sale. You can browse through the classified sections in the local newspapers. This medium is also a good source to find newly launched properties in the market.

Another option is online property portals. Some of these internet property portals such as PropertyGuru allow you to customise your search according to location, type, price, and size, which makes it much easier to find the property you want. Alternatively, you can also hire a property agent to do the legwork for you.

Picking the right place

Location is the key to finding the perfect property. Ideally, your house should not be too far from your work place. This would help you cut down on travel time and expenses. For those who depend on public transportation, finding a house near a train station or bus stop would be great.

You also need to consider the amenities in the area. Is it near shop lots, eateries or clinics? Young working adults might want a place in town where the popular entertainment spots are mostly located. For families with children, you may want your home to be near some reputable schools. It is also good to check that the neighbourhood you pick is safe and has a good reputation.

You would want a property that will increase in price, and the factors stated above will definitely help with the appreciation in value of your home. Another notable factor is to see if there are any on-going or upcoming developments in the surrounding area of the property you intend to purchase. Based on the fundamentals of supply and demand, an over-supply of houses will cause slower appreciation in prices. Hence, be sure to do research on developments surrounding your property area that can potentially affect the price of your home.

When to buy?

Like all major decisions in life, you would want to plan ahead before purchasing a property. If you are buying a newly launched house, it will take at least two years to complete. Buying an existing house would mean you can move in almost immediately but you might also need some time for repairs or renovation. The waiting period must be factored in to determine the timing of your purchase.

Then, there is also the age factor. Most financial institutions only offer a housing loan tenor of up to 35 years or a maximum age of 65 years old for the borrower. Based on this calculation, it is best to buy your first property before the age of 30 so that you can benefit from the maximum loan tenure.

10/08/2015

REAL PROPERTY GAINS TAX (RPGT) IN MALAYSIA

Real property gains tax (RPGT) is a type of tax imposed by the Inland Revenue (LHDN) on capital gains incurred from selling real property whether they are land or buildings and is effective for individuals or companies.

RPGT was introduced as a means for the government to curb property speculation in an effort to avoid/prevent property bubbles from forming. Ultimately, the RPGT is a source of revenue for the government and is used to develop the nation, therefore its fluctuations is dependent on the economical needs of the country.

As a result, the tax can be increased or decreased when necessary. As a real example, the government reduced the RPGT during April 2007 – December 2009 to encourage investment.

Starting from January 1st 2014, all properties disposed within three years or less is subjected to 30% RPGT (previously 15% for two years and below and 10% for three years and below). Properties that are disposed within four years of purchase are subjected to 20% tax and 15% for five years.

Property Disposal in :
2013 RPGT 2014 RPGT
1st year 15% 30%
2nd year 15% 30%
3rd year 10% 30%
4th year 10% 20%
5th year 10% 15%
6th year & 0% 0%
above

The property tax is levied upon anyone selling their properties; however for individuals selling or disposing their property after the 5th year, no RPGT will be levied.

Companies however, will pay a flat rate of 5% starting on the 6th year and thereafter. While non-Malaysians will be levied with 30% of RPGT up to 5 years from the purchase of the property and flat rate of 5% for the preceeding years.

RPGT is supplemented by allowable loss. This means a loss is made after the disposal of a property. Tax relief shall be provided if the disposal price is less than the acquisition price or if the disposal price is equal to the acquisition price.

06/08/2015

KL'S HIGH-END CONDOMINIUMS REMAIN STABLE, SAYS DTZ MALAYSIA

The average price and rental rate of high-end condominiums in Kuala Lumpur were stable in 2Q2015, according to the latest DTZ Property Times Kuala Lumpur.

There was a slight drop in the average price by 1.6% q-o-q to RM738 psf, while the average rent had gone up to RM3.55 psf per month in 2Q, compared with RM3.42 psf in the previous quarter.

The report also noted that there will be more demand for smaller units than larger ones due to budget constraints, but it will be moderated with a larger supply of small units in the pipeline.

The second quarter of 2015 saw steady new supply of 1,437 high-end condominium units, a 4% increase compared with the previous quarter.

All of these new completions are located beyond the city centre, such as Arcoris Residences @ Arcoris Mont’Kiara, Verdana North Kiara and G Residences.

Some 5,125 units of high-end condos are expected to enter the market by year-end, of which half are located within the city centre.

Going forward, sales, especially of luxury properties, are expected to be slow and demand is likely to be project-specific.

The report cited UEM Sunrise Bhd’s Residensi Sefina as an example that drew strong interest.

The project comprises 245 units of high-end condos with built-ups ranging from 1,300 to 1,700 sq ft and priced from RM830 psf or RM1.1 million.

Office rents and values stagnate

According to DTZ Malaysia, capital values and rental rates of offices in 2Q were stagnant at RM942 psf and RM6.40 psf respectively, against average appreciation of 0.44% on a quarterly basis in 1Q.

Meanwhile, office space in KL stands at 75.3 million sq ft as at 2Q, representing a 3.8% increase from the last quarter.

A potential oversupply stemming from an additional 2.8 million sq ft of space from the completion of Naza Tower @ Platinum Park, Q Sentral at KL Sentral and Summer Suites in KL, coupled with a further five million sq ft of office space coming onstream next year, is expected to pull down values and rents.

On the other hand, DTZ Malaysia noted that the corporate office market is undergoing a “rejuvenation” – while new supply comes onstream, older buildings are being refurbished or converted for different uses.

“The refurbishment of older buildings, such as Menara Citibank and Menara JCorp, could help to support rent and occupancy and the demand stemming from tenants relocating to new buildings help to offset some of the pressure,” it added.

DTZ Malaysia also expected a resilient market amid a challenging economy and weak sentiments.

“A weaker ringgit may even increase the interest of international investors to local properties. Indeed, this reason was cited by Singapore’s Royal Group as one of their main reasons for acquiring the DoubleTree by Hilton,” it said.

Retail market

The consumer sentiment index (CSI) fell by 10.4 points quarter-on-quarter to 72.6 points in 2Q -- the lowest in six years – as consumers contend with the Goods and Services Tax and concerns over their financial and employment outlook.

Sales slumped to 3.5% in 2Q from 3.8% the previous quarter, but is expected to pick up by 4.8% in 3Q and 6.9% in 4Q, causing sales to grow by 4.9% this year – lower than the 5.5% forecast earlier.

However, despite poorer retail performance, overall occupancy rate declined marginally to 90% and more malls entered the market in 2Q, such as Atria Shopping Centre in Petaling Jaya and Mitsui Outlet Park KLIA.

“The retail industry continues to be attractive to some developers with more large shopping malls being planned,” said DTZ Malaysia.

“Overall, the retail scene is entering a more competitive and more subdued period in the coming years.”

source
-theedgeproperty

06/08/2015

11 POINTERS FOR A STRESS-FREE RELATIONSHIP WITH YOUR TENANT

RENTING out your property can sometimes be a hit and miss affair. At other times, it could end up being a massive headache: rental coming in late, damage to furniture or electrical items and in a worst case scenario, hostile tenants who feel you have not been attending to their needs as a landlord.

But there are some things you can do to make your relationship with your tenant as painless as possible. Here are 11 of them:

Collect the entire rental in advance instead of monthly collections. This may seem like an impossible task. However, if you offer an incentive or attractive enough discount, the tenant may well be able take you up on your proposal. Just imagine – a 10% discount on a two-year monthly rental of RM2,000 is RM4,800 (Assuming it is a two-year tenancy agreement). That’s quite a tidy sum.

Motivate payment with incentives. If you cannot convince the tenant to pay the entire rental over the tenancy period, you can still encourage timely or early payment. Give discounts of, say, RM50 on the RM2,000 rent if it comes in before the end of the month.

Motivate proper delivery of the premises at the expiry of the tenancy. Money talks. If you tell the tenant you will reduce the final month’s rent by half, it will be a big incentive for him or her to keep your property clean and in good condition. The cost of doing a major clean up or repairs may be more than the discount you offer a satisfied tenant.

Obtain alternative contact details of the tenant. This will have a two-fold use. You can help contact relatives of the tenant in case of emergencies or if the tenant abandons your property without paying rent, you can have someone else to call.

Ask for copies of the utility bills to revise deposit if necessary. Put it in the tenancy agreement that you can revise the utility deposit depending on the tenant’s usage. Obviously, a RM120 utility deposit will be inadequate if your tenant is constantly receiving electricity bills of around RM350.

Timely inspection of the premises within the tenancy period. This is a good way of making sure that everything is in tip top condition in your property. Also, if you’re proactive in making sure all is well, the tenant will also be heartened that you’re a good landlord. If you leave everything to degenerate, you’ll end up with a disgruntled tenant who may not pay your rent in time and let your stuff rot.

Invest in a properly drafted tenancy agreement that caters for your circumstances. A lot of us get lazy and have real estate agents draft out a standard tenancy agreement. Later, you realise that there are certain things which are unique to your property that are not covered. For example, there could be certain features in your house that you do not want your tenant to change.

Attend to the timely request of the tenant. This is a human thing. If you do not expeditiously attend to the problems faced by your tenant, how do you expect him or her to follow your requests, such as paying the rent on time?

Offer to write recommendation letter for tenant with good conduct. Tell your tenant of your plans to write him or her a recommendation letter if things end well at the end of the lease. A satisfied tenant could also recommend to you potential good tenants.

Meet and screen tenants. Do not opt for the first come, first served solution. It could be difficult to find a tenant at times but do not be overly desperate. Make sure you know the background of the potential tenant. Grill the real estate agent to find out as much as possible. You can even Google the potential tenant’s name to see if anything negative turns up.

Always treat your tenant as a business partner for in your property. The tenant helps you to service the loan repayment while you stand to gain all the appreciation in the disposal.

05/08/2015

PAVILION REIT NET PROPERTY INCOME UP 6%

Pavilion Real Estate Investment Trust’s (Pavilion REIT) RM59 million earnings for Q2 FY2015 brought its core earnings for the first half year to RM120 million.

In a report, AmResearch Sdn Bhd revealed that Pavilion REIT saw its net property income increase six percent year-on-year, on the back of positive rental reversion as well as additional rental resulting from asset enhancement initiatives (AEIs) in 2014.

Notably, Pavilion Mall recorded healthy occupancy rates of 98.5 percent while Pavilion Tower posted 87 percent as at end-June, said AmResearch. The company is also in the process of securing a new tenant for its office tower.

The new addition will push up occupancy rate to 98 percent.

“All in, our EPU estimate remains unchanged. PREIT is expected to continue growing organically, underpinned by healthy rental reversion,” it said.

The planned and on-going AEIs for this year include toilet upgrading works, construction of new drop-off entrance at Jalan Bukit Bintang and enhancement to common corridors.

“We will turn more constructive on the stock when there are signs of sustained acquisition plans taking place,” it said.

“We expect increased news flow momentum in the coming months as da:men mall is due for completion by Q3 FY2015. More significantly, the Pavilion Extension is also earmarked for completion by Q4 FY2016.”

05/08/2015

KL LUXURY CONDO RENTS UP, PRICES DOWN IN Q2

The average rent and price of luxury condominiums in Kuala Lumpur remained stable in Q2 2015, revealed the latest DTZ Property Times Kuala Lumpur.

During the period, average rent increased from RM3.42 psf per month in Q1 to RM3.55 psf, while average prices dipped 1.6 percent quarter-on-quarter to RM738 psf.

According to the report, smaller units will have more demand than bigger units due to budget constraints. However, this will be moderated given the bigger supply of smaller units in the pipeline.

The report noted that the supply of new high-end condominiums climbed four percent quarter-on-quarter to 1,437 units in Q2 2015, with all new completions found beyond the city centre, like G Residences, Verdana North Kiara and Arcoris Residences @ Arcoris Mont’Kiara.

Around 5,125 units of high-end condominiums are expected to hit the market by end-2015, half of which are located in the city centre.

Looking ahead, DTZ Malaysia expects sales, particularly of high-end properties, to be slow, with demand likely to be project-specific.

05/08/2015

GRAB YOUR CHANCE AND BASK YOURSELF IN LUXURY AND CLASS

For a LIMITED TIME only, an 8% discount is given to early bird customers.

Luxury. At the end of the day, it's that single, perfect space that you have the privilege of calling your own.

Conveniently located right to the heart of Kuala Lumpur, that place is known as 8 Conlay. More than just a stylish address, it brings together a melding of refined spaces designed to answer your every need.

8 Conlay under the management of Kempinski Hotels will deliver a branded luxury residential, retail and hotel development in Kuala Lumpur.

For More inquiries, Please do not hesitate to contact us

Redza Kalam
Regional Manager
hp: +6016-2950650
email: [email protected] / [email protected]
BBM: 565352E4
Facebook: www.facebook.com/asiaticapital

02/08/2015

MALAYSIA STILL ATTRACTIVE FOR FOREIGN INVESTORS EYEING TO SET UP REGIONAL OFFICES

Given its strong and diversified base across multiple industries, Malaysia remains an ideal destination for foreign investors looking to set up regional offices, said Tan Sri Amirsham Abdul Aziz, chairman of Malaysian Investment Development Authority (Mida).

As of Q1 2015, Mida approved 3,569 regional establishment projects, which include regional offices, representative offices, international procurements centres and operational headquarters, among others, reported The Star.

Notably, investments in 1H 2015 were strong and the trend is expected to continue in 2H despite the challenging domestic and global economic environment, said Amirsham.

“We are also hoping that domestic investors would continue to invest because we need both elements to accelerate the growth of the country,” he said at the sidelines of the opening of Arla Foods Asia regional office.

When asked whether the cabinet reshuffle will affect investors’ confidence in the country, Amirsham noted that investors do not consider the political scenario as a major factor in setting up their business locally.

He explained that investors come to Malaysia “to do business and they are looking for a long-term prospects and politics is not a concern.”

Commenting on the weakening ringgit, Amirsham said foreign investors are looking at using Malaysian inputs in order to reduce cost, upon realising that local supply chain is good.

“Therefore, the impact is minimal as they are leveraging on domestic supply chain and technology. This is good for the country,” he added.

Meanwhile, Jesper Colding, Arla head of business activities in Asia, noted that the set-up of the regional office in the country will help the firm access the Asia market.

“The Malaysian market is relatively small at the moment. However, it has certain advantages, such as safe and friendly environment to develop the business… Cost-wise, this country is still attractive compared to Beijing, Shanghai or Singapore,” he said, noting that the Arla’s main market in Asia is Indonesia, China, Bangladesh and the Philippines.

SOURCE
-propertyguru.com.my

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