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VOLUME 1 | JULY – DECEMBER 2014 PP 18072/03/2015(034148)

BAY PAVILIONS

BULETIN THPROPERTIES

TH PROPERTIES SDN BHD (63904-D)

Level 20, Bangunan TH Selborn, 153 Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.

Tel: +603-2687 3333 | Fax: +603-26873322 | Web: www.th-properties.com

TO BE THE PREFERRED AND SUSTAINABLE

PROPERTY PARTNER PROVIDING

INTEGRATED SERVICES AND CREATING

VALUE

TO MAXIMIZE STAKEHOLDERS’ VALUE

OURVISION

OURMISSION

2

TO BUILD HIGH IMPACT PARTNERSHIPS

TO BUILD LASTING THP BRAND

TO BE A HIGH PERFORMANCE, PEOPLE-CENTERED

ORGANIZATION

TO BE RELIABLE, TRANSPARENT AND SUSTAINABLE

TO OFFER INNOVATIVE END-TO-END SOLUTIONS

TO GRADUALLY INCREASE PRESENCE AND

CREDIBILITY INTERNATIONALLY

BUILDINGBEYONDBUILDINGS VOL UME 1 | July – December 2014

TABLEOFCONTENTS

CONTENTS

Corporate &

Staff Events

18

Construction

News

15 Property

Development

News

10

Facilities

Management

News

16

Homebuyers’

Guide

22

Other News in

Brief

21

Cover Story:

Going

International

06

Corporate

Social

Responsibility

20

PUBLISHER:

TH PROPERTIES SDN BHD (63904-D)

Level 20, Bangunan TH Selborn, 153 Jalan Tun Razak,

50400 Kuala Lumpur, Malaysia.

Tel: +603-2687 3333 | Fax: +603-2687332

PRINTER:

ACHIK SDN BHD (842035-W)

220, Jalan Negara 2, Taman Melawati,

53100 Kuala Lumpur.

Tel: +603-41088006 | Fax: +603-4108 1277

3

Assalamualaikum and Salam Sejahtera.

It is with great pleasure that I pen these introductory words for

this inaugural issue of “Building Beyond Buildings”,

THPROPERTIES’ newsletter. The THPROPERTIES Group has

charted impressive growth over the past few years, and we

hope that this publication will serve to showcase some of these

achievements and the exciting prospects ahead.

‘Building Beyond Buildings’ is the Group’s maxim, and reflects

the attitudes and values of the Group. Centred as we are in

the business of buildings in its many forms, we apply the verb

building assiduously, whether it is to our organisation, to our

people, to our communities or to our legacy. We build wealth.

We build expertise. We build character.

This inaugural issue features our maiden venture overseas, the

Bay Pavilions in Lane Cove, Sydney, Australia. Offering over 200

apartments in five blocks, with water views and adjacent

parkland and approximately 15 minutes from the CBD, the Bay

Pavilions has received tremendous response from Sydneysiders.

Completion is expected at the end of 2015.

A MESSAGE FROM

THE CHAIRMAN


4 4

Assalamualaikum dan Salam Sejahtera.

Kumpulan THPROPERTIES telah mencatatkan pertumbuhan yang memberangsangkan sejak beberapa

tahun kebelakangan ini. Oleh itu, sukacita saya menuliskan kata-kata aluan ini untuk penerbitan

pertama buletin THPROPERTIES “Building Beyond Buildings” di mana kami berharap penerbitan buletin ini

akan dapat mempamerkan sedikit sebanyak pencapaian-pencapaian Kumpulan THPROPERTIES serta

menyingkap prospek-prospek menarik yang akan datang.

'Building Beyond Buildings' adalah kata pepatah Kumpulan THPROPERTIES yang mengungkap intipati

sikap dan nilai-nilai yang didukungi oleh Kumpulan THPROPERTIES. Dalam menjayakan pelbagai

perniagaan yang berkaitan dengan ‘bangunan’, kami mengaplikasikan kata kerja “membangun”

pada segala usaha kami, samada terhadap organisasi, kakitangan kami, masyarakat sekeliling ataupun

warisan yang ditinggalkan. Kami membangunkan kekayaan. Kami membangunkan kepakaran. Kami

membangunkan jatidiri.

Keluaran ulung buletin ini mengetengahkan projek sulung kami di luar negara, iaitu projek “Bay Pavilions”

yang terletak di Lane Cove, Sydney, Australia. Projek ini menawarkan lebih daripada 200 unit pangsapuri

dalam lima blok, dengan pemandangan perairan dan taman-taman bersebelahan serta lokasi yang

hanya kira-kira 15 minit dari pusat perniagaan bandaraya Sydney. Dengan ciri-ciri tersebut, Bay Pavilions

yang dijangka siap pada akhir 2015, telah mendapat sambutan luar biasa dari penduduk sekitar Sydney.

Dato’ Azizan Abd Rahman

Chairman

TH Properties Sdn Bhd

Our flagship development, the 5,119 acre Bandar Enstek has come a long way since its launch in 1999. It is not only the ‘Prime Suburb of KLIA’ , it has itself become the catalyst for the development of the KLIA – Seremban corridor. We provide an update on the development of the township, and details of our latest homes: ‘Hundred East’@enstek – exactly 100 units of spacious linked houses of contemporary design.

Three reputable colleges have been established in Bandar Enstek. The Tunku Kurshiah College, the premier girls’ boarding school in the country with a long and distinguished history, relocated to Enstek in 2014. The Cempaka

International Ladies’ College, the first private all-girls boarding school in Malaysia, has been in Enstek since 2009. They are now joined by the Epsom College in Malaysia, a branch of the famous public school from England, offering a British curriculum to an international student body.

Following the completion of two new Haj and Hotel Complexes in Alor Setar and Kuala Terengganu, the Group is currently constructing two more: one at the KL International Airport and the other in Kuching. Both will feature unique, iconic designs. The Group is also constructing the new Islamic Administrative Complex in Putrajaya, which will centralise various Islamic Religious Departments and Agencies under the Minister in the Prime Minister’s Department. In this issue we take a closer look at this landmark building complex . We also turn the spotlight on THP Sinar, the Group’s property and facilities management company, which within a

short space of 3 years is now managing approximately 2.82 million square foot of building and office space. THP Sinar’s contribution to the Group is expected to grow markedly within the next few years.

The Group made a special trip to Kota Kinabalu in 2014, both as a reward to our staff and also to foster and improve teamwork amongst our fast growing team. You will read about the many social and charitable activities enjoyed by our staff, as well as the conquering of Mount Kinabalu! We round off this issue with a look at the impact of GST on the Malaysian property market. Interspersed throughout are sneak previews of exciting developments to come. I hope that in these pages you will catch a glimpse of our ethos and our commitment. Be sure to check out our website at www.th-properties.com.

DATO’ AZIZAN ABD RAHMAN CHAIRMAN TH PROPERTIES SDN BHD

The Chairman with YBhg Dato’

Roszali Othman, the Group

Managing Director of THPROPERTIES

during the Lawatan Pengukuhan

Ukhuwwah programme, one of the

many activities organized by the

company in 2014.


5 5

Projek pembangunan utama kami, Bandar Enstek yang berkeluasan 5,119 ekar, telah berkembang dengan pesatnya semenjak ia dilancarkan pada tahun 1999. Ia bukan sahaja menjadi 'Bandar Pinggiran Perdana KLIA’, malah ia juga adalah pemangkin kepada pertumbuhan koridor KLIA-Seremban. Kami mendedahkan maklumat terkini mengenai

pembangunan bandar baru ini, dan butir-butir rumah terbaru tawaran kami iaitu 'Hundred East@enstek’, 100 unit rumah teres dua tingkat yang luas dengan rekabentuk kontemporari.

Tiga kolej bereputasi telah bertapak di Bandar Enstek. Kolej Tunku Kurshiah, sekolah berasrama penuh perempuan perdana di negara ini dengan sejarahnya yang tersohor, telah berpindah ke Enstek pada tahun 2014. ‘Cempaka International Ladies College', kolej swasta pertama berasrama penuh untuk pelajar perempuan, sudah beroperasi di Bandar Enstek sejak tahun 2009. Kini mereka disertai oleh “Epsom College in Malaysia’ cawangan sekolah swasta yang ternama di England, yang menawarkan kurikulum ala British untuk pelajar-pelajar antarabangsa.

Berikutan penyiapan dua Kompleks Haji dan Hotel baru di Alor Setar dan Kuala Terengganu, Kumpulan THPROPERTIES kini sedang membina dua lagi Kompleks Haji dan Hotel: satu di Lapangan Terbang Antarabangsa Kuala Lumpur dan satu lagi di Kuching, Sarawak. Kedua-duanya akan menampilkan keunikan dengan reka bentuk ikonik. Kumpulan THPROPERTIES juga sedang membina Kompleks Pentadbiran Islam di Putrajaya, yang akan memusatkan jabatan-jabatan agama Islam dan pelbagai agensi di bawah Menteri di Jabatan Perdana Menteri. Dalam keluaran buletin kali ini, kita akan melihat dengan lebih dekat kompleks bangunan yang bakal menjadi mercu tanda baru di Putrajaya. Seterusnya kami memaparkan THP Sinar, syarikat pengurusan hartanah dan kemudahan Kumpulan THPROPERTIES, yang mana di dalam jangka masa 3 tahun sahaja telah berjaya menguruskan kemudahan harta bangunan serta ruang pejabat, berjumlah 2.8 juta kaki persegi. Sumbangan THP Sinar terhadap Kumpulan THPROPERTIES dijangka akan berkembang dengan ketara dalam tempoh beberapa tahun akan datang.

Kumpulan THPROPERTIES telah mengadakan satu lawatan khas ke Kota Kinabalu pada tahun 2014, bukan sahaja sebagai ganjaran kepada kakitangan tetapi juga untuk memupuk dan meningkatkan semangat kerja berpasukan, ekoran dari pertambahan ketara bilangan kakitangan. Butiran lanjut mengenai pelbagai aktiviti sosial dan kebajikan yang dinikmati oleh kakitangan kami, serta misi menakluk Gunung Kinabalu juga dipaparkan dalam keluaran buletin kali ini. Kami mengakhiri buletin ini dengan melihat kepada kesan GST ke atas pasaran hartanah Malaysia. Ianya diselangi dengan tinjauan menarik pembangunan perumahan yang akan dibangunkan kelak. Saya berharap dengan halaman-halaman yang terdapat dalam buletin ini anda akan dapat menangkap secebis budaya kerja serta komitment kami. Sila layari laman web kami di www.th-properties.com.

DATO’ AZIZAN ABD RAHMAN PENGERUSI TH PROPERTIES SDN BHD

BAY PAVILIONS GOING

INTERNATIONAL

THPROPERTIES’ maiden international foray into Australia signifies its continuous efforts to expand its property development horizon, and support Tabung Haji’s strategy to enhance its international property investment portfolio. With the launch of the Bay Pavilions Luxury Apartments in Lane

Cove, Sydney in late 2013 and the tremendous response from home buyers and investors alike, we are spreading our wings into a new realm, where great opportunities await…

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COVERSTORY

The 3.2 acres waterfront

residential development is

located at Burns Bay Road,

Lane Cove, a suburb on the

lower north shore of Sydney,

Australia. A stone throw’s away

from the cosmopolitan Lane

Cove and Hunters Hill Villages

and a mere 10km drive or

express bus from Sydney’s CBD,

this beautiful suburb occupies a

peninsula on the Northern side

of Port Jackson (Sydney

Harbour), at the mouth of the

Lane Cove River.

The Bay Pavilions is just a

moment away from great

amenities such as Chatswood

shopping hub, Macquarie Park

and water side recreation

areas, to name a few.

Upgraded access to Burns Bay

Road ensures a seamless

gateway in any direction to the

CBD, the Chatswood and

Parramatta with nearby

Macquarie University and North

Ryde high-tech precinct within

easy reach.

Affording a magnificent view

over Burns Bay, and surrounded

by bushland reserves,

waterways and natural

parklands, Bay Pavilions is truly a

sanctuary within the city, a

world apart from everyday life.

7

COVERSTORY

sleek gourmet gas kitchens with luxury stone

benches, mirror splashbacks and premium

European appliances, and quality bathroom

fittings.

Prices ranges from AUD600,000 to AUD680,000 for

one bedroom apartments, AUD680,000 to

AUD1,150,000 for two bedroom apartments and

AUD1,025,000 to AUD1,950,000 for three bedroom

apartments.

As testament to its market appeal, approximately

253 units have been sold, representing 93% sales

take-up rate. The development, with an

expected net Gross Development Value of

AUD218 million, is expected to be completed in

November 2015.

The Bay Pavilions offers a total of 272 units of

apartment across 5 eco-sensitive buildings which

are between 6 and 7 storeys each. Comprising a

premium mix of spacious 1, 2 and 3 bedroom

apartments with unit sizes ranging from 56-64 sq.

meters (1 bedroom), 74-93 sq. meters (2

bedrooms) and 97-154 sq meters (3 bedrooms),

the pavilion buildings have been architecturally

designed to take advantage of the sweeping

view of the Sydney Harbour and Lane Cove River

views.

Each pavilion features secure entry for residents

to their individual designer lobbies with secure

parking below ground. Designed by Australia

based Marchese Partners, the development

draws inspiration from its surrounds with interiors

inspired by the native flora and rock formations.

The furnished units come with pure wool carpets,

8 8


A Strategic Joint Venture

The Bay Pavilions project marks the

first collaboration between

THPROPERTIES and the Piety Group.

With over 20 years of experience

and expertise in the construction

and development industry mainly

in Sydney, the Piety Group has

delivered notably successful

projects such as an upmarket

residential project in Waitara,

Sydney, which was partly funded

by Lembaga Tabung Haji through

its subscription in the Shariah

compliant Waitara Property Fund.

This 50:50 joint venture is envisaged

to create high profile, distinctive

projects through strong

partnerships, innovative design

solutions and cutting-edge

construction methods spanning

over 30 years combined

development experience. With

this partnership, THPROPERTIES

hopes to create its presence and

gain valuable experience in

Australian property development.

For more information, visit

www. baypavilions.com.au

Progress photos as of 12 December 2014

COVERSTORY

LIFESTYLE AT LANE COVE

9 9


BANDAR ENSTEK The Prime Suburb of KLIA and KLIA2

Away from the hustle and bustle of the city, Bandar Enstek is an integrated township that

incorporates the latest infrastructure, state-of-the-art facilities and amenities whilst maintaining its

original terrain and preserving the existing environment. The self-contained township offers a mix of

residential, commercial, institutional and clean industrial properties with a gross development value

(GDV) of RM9.2 billion. The 5,119-acre freehold Bandar Enstek is currently 50% developed and is

home to more than 10,000 residents comprising families and young professionals working in

Putrajaya, Cyberjaya, KLIA and KLIA2 as well as the KL city centre.

The township is also home to over ten (10) public and private institutions such as the newly-opened

Epsom College in Malaysia, Kolej Tunku Kurshiah, Institut Aminuddin Baki, Cempaka International

Ladies College, Politeknik Nilai, Akademi Audit Negara, Akademi Kepimpinan Pengajian Tinggi

(AKEPT) and the list goes on.

The industrial component is also looking bright with several big industry players already in operation

within the clean industrial park known as Techpark@enstek such as Pure Circle, Coca-Cola Bottlers,

JOWAT, CROWN, Hokto Malaysia and most recently, Kellogg.

BUILDINGLEGACY PROPERTY DEVELOPMENT NEWS

With the completion of KLIA2 and the upcoming

Mitsui Outlet Park, Bandar Enstek is poised to become one of the most established and booming townships in the vicinity which still has plenty of land to expand; for your family and for your investment portfolio.

10


BUILDINGLEGACY PROPERTY DEVELOPMENT NEWS

CU

RR

EN

T P

RO

JEC

TS

REMBULAN

124 Semi-detached homes with spacious

built-ups of 2,555 to 3,117 sqft (5 bedrooms

and 5 bathrooms), uniquely designed for the

growing family.

Price: From RM622,400

35 detached and semi-detached homes

with huge built-ups ranging from 3,347 to

4,455 sqft. The detached homes are

equipped with private pools.


PEARL

94 modern superlink homes with spacious

built-ups of 1,954 to 2,268 sqft featuring

generous use of glass in design to let in as

much natural light as possible.


LINEA Residents are well-connected through

exceptional road infrastructure and modern

transportation network via major highways

such as ELITE, PLUS and MEX. Public

transportation is easily accessible via KLIA and

Salak Tinggi ERL Stations as well as Nilai

Commuter Station.

Interesting Times Ahead

The opening of KLIA2 in 2 May 2014 and the

upcoming Mitsui Outlet Park slated to

commence operations in mid 2015 are

expected to further enhance Bandar Enstek to

become a vibrant township whilst creating

thousands of job opportunities. Modern and

ample facilities readily available to the

growing population of Sepang and Nilai

Districts will be further enhanced and

expanded.

One key component of KLIA2 – The

Gateway@KLIA2 – is an integrated complex

that offers 350,000 square foot of net lettable

space while Mitsui Outlet Park will host 140

outlets offering luxury products, fashion

accessories, sporting & outdoor goods, a

Japanese specialty store, an entertainment

centre as well as an amusement park. The

outlet park is located next to the upcoming TH

Hotel & Convention Centre, KLIA which is

currently undergoing rapid construction and

scheduled for completion in 2017.

For more information, visit our website at

www.th-properties.com or call 06-799 7886

TH Hotel & Convention Centre, KLIA

11


LATEST LAUNCH:

HUNDRED

EAST Hundred East@enstek is THPROPERTIES’ latest offering of modern, contemporary homes amidst the green and lush

surroundings of Bandar Enstek where premium, extra large spaces are the norm yet economically priced to meet the immediate and long-term investment demands of house buyers.

Ideally located in the fast

developing “Prime Suburb of

KLIA”, Hundred East offers the

luxury of large living areas to

professionals with young

families and also those looking

for an affordable lifestyle

upgrade.

Hundred East comprises, as its

name suggests, exactly 100

units of two storey homes in

three different lot sizes of

26’X80’, 24’X75’ and 22’X75’ to

be built over two phases.

Prospective house buyers and

long-term investors will find Hundred East and all previous launches at

Bandar Enstek very compelling especially against the current market

backdrop of small built-up and higher costs per sq ft being the norm.

Bandar Enstek homes provide grander habitats for less; coming from

THPROPERTIES, a well-established developer with a strong financial

BUILDINGHOMES PROPERTY DEVELOPMENT NEWS

12


BUILDINGHOMES PROPERTY DEVELOPMENT NEWS

received and is confident of the response to

Hundred East. With the current development in

the surrounding area, investors will find Bandar

Enstek as a much sought after location for

homes and long-term real estate investment.

Phase 1 of Hundred East comprises 46 units of 22’

x 75’ , 24’ x 75’ and 26’ x 80’ houses with spacious

built-ups from 2,120 sq ft to 2,420 sq ft and land

area of between 1,800 sq ft to 5,232 sq ft priced

from RM574,400.

For more information, visit our website at www.th-properties.com or call 06-799 7886

base and track record of delivering well

designed, quality homes, buyers and investors

can rest assured. THPROPERTIES’s recent

launches have been well

13


EPSOM COLLEGE The Best of

in Bandar Enstek

Bandar Enstek is getting merrier with

the opening of Epsom College in

Malaysia to the first 200 students in

September 2014

BUILDINGLANDMARKS PROPERTY DEVELOPMENT NEWS

theatre, a recital hall and a

specialist Art and Design Technology

Centre.

Notable Epsom College alumnae

include historian and BBC and

National Geographic presenter,

Suzannah Lipscomb, Romanian

Cabinet Minister, Razvan Orasanu

and 2010 British Ambassador to

Japan Sir David Warren.

The world-class institutional

development beautifully

complements the other

components in Bandar Enstek and

will spur demand for residential

developments in the near future. This

will bode well for investors as well as

home owners looking for upmarket

and high-end living in the suburbs.

For more information, log on to

www.epsomcollege.edu.my

Epsom College in Malaysia, is a new international boarding

and day school built on a 50-acre site in Bandar Enstek, Negeri

Sembilan and costing approximately USD60 million (RM196.5

million). It is strategically located in the middle region of the

5,119-acre township and is well connected to major highways.

Epsom College was founded in 1855 by Dr John Propert as a

school to educate the sons of doctors and has Her Majesty,

The Queen, as patron. Epsom College in Malaysia was

established by an Old Epsomian, Tan Sri Dr. Tony Fernandes

who is also the Chairman of the Malaysia Campus Board of

Governors with the aim to provide the best of British education

in Asia.

By bringing Epsom College to Malaysia, Tan Sri Tony hopes that

the experience of studying in the UK will be more accessible.

Epsom College in Malaysia also offers scholarships to bright

students of different backgrounds.

Epsom College in Malaysia is equipped with world-class

facilities which include a library containing RM1 million worth

of books, boarding houses, sporting facilities with a 4G football

pitch, one hockey astroturf pitch, one rugby pitch, a grass

football pitch, a cricket pitch, 3 squash courts, a 600-seat

British Education

14


Pentadbiran Islam Putrajaya

BUILDINGLANDMARKS CONSTRUCTION & SPECIAL PROJECTS

Kompleks Pentadbiran Islam

Putrajaya yang sedang dibina

bersebelahan Masjid Tuanku

Mizan Zainal Abidin di Presint 3,

Putrajaya adalah merupakan

sebuah Kompleks Islam Moden

yang pertama seumpamanya

di Malaysia. Ia bakal menjadi

sebuah Pusat Hentian Setempat

(One Stop Centre) untuk

sepuluh (10) jabatan dan

agensi kelolaan Menteri di

bawah Jabatan Perdana

Menteri seperti JAKIM, JAWI,

MAIWP, JKSM dan lain-lain.

Penubuhan sebuah Kompleks

Pentadbiran Islam yang

menempatkan semua jabatan-

jabatan dan agensi-agensi ini di

bawah bumbung yang sama

adalah selari dengan visi

Kerajaan untuk menjadikan

Putrajaya sebagai sebuah

Pusat Pentadbiran Kerajaan.

Kompleks ini menampilkan

konsep rekabentuk yang

menggabungkan nilai-nilai Islam

dengan seni binaan moden.

Direka bermotifkan konsep

“Cahaya Di Atas Cahaya”

seperti yang disebutkan di

dalam kitab suci Al-Quran,

rekabentuk kompleks ini

menonjolkan penggunaan

pencahayaan semulajadi,

kaca, air, tumbuhan hijau di

sebalik besi dan konkrit sekaligus

memberikan kedinamikan dan

ketenangan.

Kompleks ini terdiri daripada

empat blok dengan ketinggian

di antara 7 ke 10 tingkat. Projek

ini dibangunkan berdasarkan

model Bina Pajak Kendali di

mana Lembaga Tabung Haji

adalah pemilik dan

THPROPERTIES dilantik untuk

melaksanakan pembangunan,

pembinaan dan penyelengga-

Jumlah Keluasan Lantai

Kasar Dalam Kaki Persegi

1,494,071

FAKTA & NOMBOR

Kemajuan Kerja Setakat

Disember 2014

80%

Kompleks

15


raan. Projek ini bermula pada

September 2011 dan dijangka

siap pada suku ke-4 tahun 2015.

THP SINAR Providing Sustainability

BUILDINGSUSTAINABILITY FACILITIES MANAGEMENT

THP Sinar Sdn Bhd (THP Sinar) is a facilities

management company (ISO 9001:2008)

established to undertake property and facilities

management services in Malaysia.

Formed in 2010, the Company is rapidly

growing its impressive portfolio with the

management of several renowned and iconic

buildings including those owned by Lembaga

Tabung Haji (TH).

The Company offers a comprehensive range

of property and facilities management services

aimed at meeting the full range of needs of

owners and users. Given its commitment to

raising standards for itself as well as the rest of

the industry, THP Sinar is gearing itself towards

obtaining recognition as an industry leader in

property and facilities management in

Malaysia.

GROWING PORTFOLIO INTEGRATED FACILITIES MANAGEMENT SERVICES FOR OFFICE

BUILDINGS OWNED BY TH:

1. Menara Bank Islam, Jalan Perak

2. Bangunan Tabung Haji, Jalan Tun Razak

3. TH Selborn, Jalan Tun Razak

4. TH Perdana, Jalan Sultan Ismail

5. TH Glomac Damansara,

6. TH Tower @ Platinum Park, Jalan Binjai

7. TH Uptown, Damansara Utama

8. Menara TH, Johor Bharu

INTEGRATED FACILITIES MANAGEMENT SERVICES FOR TH HAJJ

COMPLEXES AND HOTELS:

1. Hajj Complex and Hotel Kelana Jaya

2. TH Hotel Penang

3. TH Hotel Kota Kinabalu

OTHER BUILDINGS & ASSETS

1. Facilities Management Services for Hotel Putra & Pusrawi

Hospital

2. Facilities Management Services for Government

Complexes at Parcel C, Putrajaya

3. Total Cleaning, Pest Control and Landscape Services for

Government Complexes at Parcel E, Putrajaya

4. Building Cleaning Services for Hospital Angkatan Tentera

Wangsa Maju

5. Cleaning Services at Tower 1 and Executive Floors,

Petronas Twini Towers

For more information on services and leasing

enquiries, call +603-2687 3330

CORPORATE MILESTONE

THP Sinar had on 19 December 2013 entered

into a joint venture agreement with the OCS

Group UK Ltd to provide property and facilities

management services to Malaysian-owned or

controlled properties in the United Kingdom

(UK). The joint venture was described by Dato’

Azizan Abd Rahman, Chairman of the

THPROPERTIES Group, as a milestone in the

growing presence of Malaysian investors and

developers in the UK property market.

16


TH TOWER @ PLATINUM PARK GRADE A OFFICE BUILDING @ KLCC

Prime KLCC address Only 10 minutes walk to KLCC and LRT Stations Proposed MSC Status & Certified Green Building Index Elegant architecture featuring torsional glass design Efficient typical floor space from 10,261 sqft to 13,741 sqft Surrounded by established multi-national businesses,

government-linked companies and state-of-the-art facilities and infrastructure.

Call 03-26873330 for leasing enquiries

BUILDINGSUSTAINABILITY FACILITIES MANAGEMENT

17


LAWATAN KE “NEGERI

BUILDINGRELATIONSHIPS CORPORATE & STAFF EVENTS

Pada bulan Jun 2014, lebih daripada 200 kakitangan serta Ahli Lembaga Pengarah THPROPERTIES telah diterbangkan ke Kota Kinabalu, Sabah

untuk satu program khas yang dikenali sebagai "Lawatan Pengukuhan

Ukhuwwah". Satu program yang sama telah dilaksanakan dua tahun sebelum ini di Pantai Timur Semenanjung.

Objektif program ini adalah untuk merapatkan hubungan di kalangan

kakitangan, yang kebanyakannya bertugas berjauhan di antara satu

sama lain di pejabat-pejabat dan tapak-tapak pembinaan syarikat serta

di bangunan yang diselenggarakan. Ia juga memberi peluang kepada

kakitangan untuk berkunjung ke destinasi yang mungkin belum pernah

mereka lawati sebelum ini.

Semua kakitangan telah menginap di TH Hotel Kota Kinabalu, hotel

berprestasi yang dimiliki oleh Tabung Haji. Antara aktiviti yang disertai

oleh kakitangan di hotel ialah Majlis Makan Malam bertemakan 'Pelangi'.

Kakitangan telah disajikan dengan persembahan kebudayaan,

penyampaian hadiah dan hiburan.

Beberapa siri lawatan ke tempat-tempat menarik di Sabah juga telah

diatur untuk kakitangan iaitu kawasan tanah tinggi yang menghijau di

pedalaman, air laut yang kebiruan dan pulau-pulau yang indah di

persisiran pantai Kota Kinabalu. Tidak dilupakan ialah sajian demi sajian

masakan tempatan Sabah (makanan laut di sini adalah yang paling

segar!) dan, sudah tentu, acara membeli-belah.

Lawatan itu tidak akan lengkap tanpa interaksi dengan penduduk

tempatan, dan kali ini kakitangan telah meraikan anak-anak yatim dan

kanak-kanak miskin dari Tambunan, serta saudara-saudara baru Muslim

dengan jamuan petang.

18


DI BAWAH BAYU”

BUILDINGRELATIONSHIPS CORPORATE & STAFF EVENTS

Bendera Syarikat telah diserahkan oleh Pengerusi

Kumpulan, Dato’ Azizan Abd Rahman kepada ketua

pasukan, Tuan Haji Abd Kadir Sahlan, seorang Ahli

Lembaga Pengarah Syarikat, semasa Majlis Makan

Malam Syarikat di TH Hotel Kota Kinabalu.

Pada awal pagi keesokannya, pasukan yang terdiri

daripada 32 kakitangan yang terpilih memulakan

pendakian mereka. Seluruh pasukan berjaya mencapai

titik transit di Laban Rata (3,800m) untuk berehat

sebelum pendakian terakhir untuk menawan puncak

pada awal pagi 21 Jun 2014.

Menjelang jam 04:30 pagi, satu pasukan enam orang

pendaki yang terpantas telah berjaya mendaki puncak

“Low’s Peak” dan mengibarkan bendera Syarikat di atas

gunung yang tertinggi di negara ini. Dua puluh dua

orang pendaki lain turut berjaya menamatkan

pendakian. Malangnya akibat keletihan, kesejukan dan

kekurangan oksigen, beberapa pendaki tepaksa

berpatah balik sebelum sampai ke puncak.

Berbekalkan semangat pencapaian ini, pasukan

pendaki THPROPERTIES menetapkan sasaran seterusnya

untuk menakluki gunung demi gunung…

Gunung Angsi

Gunung Bunga

Sebagai sebahagian daripada 'Lawatan Pengukuhan Ukhuwwah' ke Kota Kinabalu,

satu misi telah diatur bagi menyahut cabaran mendaki dan menawan Gunung Kinabalu berketinggian 4,095 meter.

Sebagai persediaan, beberapa sesi program latihan dan pemilihan yang rapi telah

dijalankan selama beberapa bulan. Latihan mendaki telah diadakan di Gunung

Angsi (824m), Gunung Bunga (1,430m) dan Gunung Ledang (1,276m). Selain

meningkatkan tahap kecergasan, program latihan juga memupuk semangat

berpasukan yang tinggi dan setia kawan di kalangan para peserta.

GIGIH MELAMPAUI DAYA TAHAN

- MENAKLUKI GUNUNG KINABALU

Gunung Kinabalu

Gunung Ledang

19


MERAIKAN ANAK YATIM DAN

SAUDARA BARU

BUILDINGHOPE CORPORATE SOCIAL RESPONSIBILITY

19 Jun 2014 - Bersempena dengan program Lawatan Pengukuhan Ukhuwwah ke Kota Kinabalu

pada 19-22 Jun 2014, THPROPERTIES juga telah berkesempatan menganjurkan satu program khas

bagi meraikan lebih 100 orang anak-anak yatim dan saudara-saudara baru dari Rumah Kebajikan

Teratak Fitrah, Rumah Anak Yatim Tambunan Sabah dan Rumah Anak Yatim dan Rumah Anak

Yatim & Asnaf As-Sakinah.

SUMBANGAN UNTUK

MAAHAD TAHFIZ 4 Julai 2014 – THPROPERTIES telah menghulurkan

sumbangan untuk Maahad Tahfiz Manbaul Huffaz di

Taman Cheras Indah bagi tujuan pembelian sebuah

bangunan 3 tingkat untuk dijadikan sebagai asrama

pelajar.

MISI BANTUAN ‘BAH BESAR’ 2014 1-21 Januari 2015 - THPROPERTIES telah

melancarkan operasi menghulurkan

bantuan kepada mangsa-mangsa yang

terkesan dengan bencana banjir yang

melanda beberapa buah negeri di

Semenanjung Malaysia pada hujung tahun

2014. Misi bantuan tertumpu di kawasan

Machang, Tumpat, Jerantut, Temerloh,

Bota Kanan dan Kuala Kangsar di mana

lebih 150 buah isi rumah telah menerima

sumbangan dalam bentuk wang tunai,

barangan keperluan harian, makanan dan

pakaian yang disumbangkan oleh

kakitangan THPROPERTIES.

20


BUILDINGREPUTATION OTHER NEWS IN BRIEF

24 September 2014 – THPROPERTIES dengan

kerjasama Salihin Consulting Group Sdn Bhd telah

menganjurkan satu seminar berkenaan “Good &

Services Tax” (GST) melibatkan staf dan rakan kongsi

syarikat. Seminar ini bertujuan memberikan kesedaran

dan pemahaman asas terhadap sistem GST dan

impaknya terhadap syarikat. Bengkel-bengkel

lanjutan juga telah diadakan untuk staf yang terlibat

dengan perlaksanaan GST menjelang 1 April 2015.

SEMINAR KESEDARAN GST

MAJLIS PECAH TANAH KILANG

KELLOGG DI TECHPARK@ENSTEK 10 Januari 2014 – Pengeluar terbesar bijiran sarapan

dunia, Kellogg Company, telah melabur sejumlah

RM428.2 juta di kawasan perindustrian hijau Bandar

Enstek, Techpark@enstek (Fasa 2), bagi membina fasiliti

perkilangan mereka yang pertama di negara ini. Satu

Majlis Pecah Tanah telah disempurnakan oleh YAB

Perdana Menteri Malaysia dan turut dihadiri oleh

Menteri Besar Negeri Sembilan, YAB Dato’ Seri Utama

Mohamad Bin Hassan dan Menteri di Jabatan Perdana

Menteri, YAB Dato’ Seri Jamil Khir Bin Baharom. Antara

syarikat-syarikat antarabangsa yang telah beroperasi di

Techpark@enstek termasuklah Pure Circle, Coca-Cola

Bottlers, JOWAT Manufacturing, CROWN Records dan

lain-lain.

PERLANCARAN

‘HUNDRED EAST’ 13-14 Disember 2014 – Sebanyak 48 buah unit teres

2-tingkat “superlink” baharu di Bandar Enstek yang

dikenali sebagai Hundred East telah dibuka untuk

jualan. Semasa majlis perlancaran tersebut,

THPROPERTIES telah berjaya memperoleh hasil jualan

sebanyak RM7.17 juta.

21


How GST Will

Impact Home Prices

& The Property

Market

With the coming implementation of Goods & Service Tax (GST) in April 2015, many Malaysians are concerned with what this bodes for prices in general. It is inevitable that home prices will also be affected. In this article, we explain how home and property prices will be affected

moving forward.

To properly appreciate how

GST will affect home prices, it

is necessary to first

understand how GST works.

Aside from GST, one must

also have an understanding

of the Sales Tax, which is the

existing tax scheme affecting

the property sector. GST will

supplant the Sales Tax come

April 2015.

TAX SCHEME ON RESIDENTIAL

PROPERTY – THE SIMILARITIES

In comparing both tax

schemes, we have to first

identify their similarities.

One similarity between GST

and the existing Sales Tax

scheme is that no taxes are

charged or will be charged

to the consumer on the

purchase of a home /

residential property. For GST,

residential properties fall

under the “Exempt Rated”

basket of goods. (But do take

note that GST will be

charged to the consumer for

commercial property

purchases as commercial

properties are “Standard

Rated”).

However, during the creation of the final

product (also known as the input stage in

tax parlance), under both tax schemes,

developers would incur taxes during

procurement of their inputs and materials.

And this is where the differences start to

become apparent between both tax

schemes. The tax rate for inputs and

materials vary between GST and Sales Tax.

SALES TAX VS GST FOR RESIDENTIAL

PROPERTIES – THE DIFFERENCES

Based on the Sales Tax Act of 1972, basic

building materials such as bricks, cement

and floor tiles fall inside First Schedule

Goods, in which all the goods in this

category will not be subjected to sales tax.

Meanwhile, other building materials fall

inside Second Schedule Goods, in which all

the goods in this category will only be

charged sales tax of 5%.

Under the new GST implementation, all

building materials and services (E.g.

Contractors, engineers) will be subject to

GST with a standard rate of 6%. This will

invariably raise the production cost for

developers.

If you understand how GST works, you will

notice that in most cases, the additional tax

cost is simply passed on to the final

consumer (Standard-Rated goods), or is

claimed back from the government (Zero-

Rated goods). But in this case (Exempt-

Rated), the additional tax

cost is borne by the party

before the final consumer –

The developer. The

developer does not have a

next “victim” in the supply

chain.

This seems like good news for

home buyers as they do not

have to pay GST when

purchasing a home.

However, one should not be

too happy about this. It is no

stretch of the imagination to

think that developers would

try to build in the additional

tax costs into the final sale

price implicitly.

BEFORE & AFTER GST – A

COMPARISON

The tables below show a

comparison between the

cost of a new property

before and after GST. Certain

taxes and costs leading up to

the sale to the final consumer

have been simplified for this

purpose.

Also, an assumption is made

that developers are able to

transfer 100% of all incurred

tax costs over to the

consumer via the sale price.

BUILDINGKNOWLEDGE HOMEBUYERS’ GUIDE

22


BUILDINGKNOWLEDGE HOMEBUYERS’ GUIDE

The example above shows a

price increase of 3.41% for new

residential properties post-GST

implementation. But there is a

plus point to this.

Overall, new residential

properties may register a lower

overall increase in tax burden

compared to Commercial

Properties that are Standard-

Rated. This is because there still is

the chance that developers may

only transfer some and not all of

their tax cost increases into the

final retail price.

The downside to this is that

where pricing for new

commercial properties will be

cleaner (Sales Price + GST),

pricing for new residential homes

would look inflated. This, in turn,

will undoubtedly have a knock

on effect on prices in the

secondary house market.

CONCLUSION

As a home buyer, it pays to know what the implementation of GST might

bode for home prices moving forward. If you skipped the entire article, here

are all the key insights in a nutshell:

• With GST, there should be a once-off increase in property prices across

the board;

• While developers may not bill home buyers for GST, they could transfer

the costs implicitly via the sale price;

• The overall price increase for new residential properties could be

marginally lower than that for new commercial properties;

• The secondary home market should see a knock on effect in prices.

Armed with this knowledge, you can make a better decision on when to

purchase your home.

23


Article by:

http://loanstreet.com.my/

40 Exclusive Villas & Twin Villas @ Bukit Pelindung, Kuantan

500-METERS STROLL TO TELUK CEMPEDAK AND ROYAL PAHANG GOLF CLUB

LUSH NATURAL GREEN FOREST

MINUTES AWAY TO KUANTAN DOWNTOWN

FREEHOLD

NOW OPEN FOR REGISTRATION.

HEADQUARTERS | TH Properties Sdn Bhd (63904-D)

Level 20, Bangunan TH Selborn, 153 Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.

Tel : +603 2687 3333 Fax : +603 2687 3322

BANDAR ENSTEK| THP Enstek Development Sdn Bhd (396167-A)

No. 1 Lebuh Enstek, 71760 Bandar Enstek, Negeri Sembilan Darul Khusus, Malaysia.

Tel : +606 7989 777 Fax : +606 7989 778 www.th-properties.com

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