BUILDERS OF VISIONS (II)
VOL. #14
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About us
.
2
Incorporated in 1982, Raine & Horne International Zaki + Partners Sdn.
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CYF.A14/05.15
Contents
3
Builder of Visions...................................4
Current & On-going Projects................6
Klang Valley..........................................10
Johor......................................................14
Penang...................................................18
Perak & Sabah......................................19
Negeri Sembilan & Sarawak...............20
Melaka...................................................21
References.............................................22
Contact us…………………………….23
International Affiliations…………….24
CYF.A14/05.15
Builders of Visions
Sample Selection Basis
The sample size of this analysis include 10 of the largest listed companies in
Bursa Malaysia based on:-
i. Market capitalization
ii. Main market
iii. Property sector
However, it must be noted that not all companies in the sample list are engaged
fully in property development. Some of them might be well-diversified into
other industries and might include subsidiaries such as plantation, construction,
and healthcare under the group’s listing. Nonetheless, the activity of property
development remains the major revenue contributor to such groups.
Criteria Segregation Basis
This article concentrates on the current and on-going projects of these builders
which contrast with the previous article that focused on financial analysis. The
intuition is to provide an overview of the hotspots for current and future
property developments.
The projects were sorted into various regions, and subsequently into individual
states and respective developers. The following map and table summarize such
pertaining information.
Current & On-going Projects
i. By Region
It was observed that majority of the projects was concentrated in Peninsular
Malaysia (96%) whereas Sabah and Sarawak only accounted for 4% of the total
undertakings. While within the Peninsular, the central region (KL, Selangor,
Putrajaya) made up 56% of the total projects in West Malaysia. This was
followed by the southern region (Negeri Sembilan, Melaka, Johor) at 27%. The
northern region was last (Perak and Penang) at 17%.
4CYF.A14/05.15
Builders of Visions
ii. By State
While the ranking of states by total number of projects are as follow:-
1. Klang Valley (KL, Selangor, Putrajaya) – 85 projects (54%)
2. Johor – 36 projects (23%)
3. Penang – 21 projects (13%)
4. Perak – 4 projects (3%)
5. Sabah – 4 projects (3%)
6. Negeri Semiblan – 3 projects (2%)
7. Sarawak – 2 projects (1%)
8. Melaka – 1 project (<1%)
It is therefore obvious that Klang Valley, Johor, and Penang are still the
favourite hotspots for these Builders of Visions.
iii. By Developer
The ensuing ranking of developers by total number of projects are as follow:-
1. IJM Land – 30 projects (19%): Almost equal weightage in central,
southern and northern regions; has the most projects in East Malaysia
amongst the Builders of Visions.
2. SP Setia – 25 projects (16%): Concentration in the central region, followed
by southern, northern, and East Malaysia.
3. Mah Sing – 21 projects (13%): Emphasis on the central region, followed
by southern, northern, and East Malaysia.
4. Sunway – 18 projects (11%): Focused on the central region, followed by
northern, and southern.
5. UEM Sunrise – 16 projects (10%): Concentration in the southern region,
followed by central.
6. IOI Properties – 12 projects (8%): Emphasis on the central region,
followed by southern, and northern.
7. IGB Corp. – 11 projects (7%): Focused on the central region, followed by
southern.
8. E&O – 11 projects (7%): Focused on the central region, followed by
northern, and southern.
9. MRCB – 7 projects (4%): Almost parallel concentrations in both the
central and northern regions.
10. UOA – 5 projects (3%): Sole emphasis on the central region.
5CYF.A14/05.15
Current & On-going Projects
6
Nu
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of
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orte
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tate
).
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Nu
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of
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& O
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by B
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of
Vis
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s (s
orte
d b
y D
evel
op
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& R
egio
n).
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Current & On-going Projects
8
Number of Current & On-going Projects by Builders of Visions
(breakdown by Developer & State).
CYF.A14/05.15
Current & On-going Projects
KLANG VALLEY KL SELANGOR PUTRAJAYA TOTAL
SP SETIA 3 7 1 11
IOI PROPERTIES 0 7 1 8
UEM SUNRISE 4 2 0 6
SUNWAY 5 6 0 11
IJM LAND 6 4 0 10
IGB CORP. 8 2 0 10
MAH SING 2 9 1 12
UOA 5 0 0 5
E&O 7 1 0 8
MRCB 4 0 0 4
TOTAL 44 38 3 85
JOHOR JB KULAIJAYA SEGAMATKOTA
TINGGITOTAL
SP SETIA 8 0 0 0 8
IOI PROPERTIES 0 1 1 0 2
UEM SUNRISE 10 0 0 0 10
SUNWAY 2 0 0 0 2
IJM LAND 6 0 0 1 7
IGB CORP. 1 0 0 0 1
MAH SING 4 0 0 1 5
E&O 1 0 0 0 1
TOTAL 32 1 1 2 36
9CYF.A14/05.15
Current & On-going Projects
PENANG ISLAND MAINLAND TOTAL
SP SETIA 5 0 5
IOI PROPERTIES 1 0 1
SUNWAY 1 1 2
IJM LAND 5 2 7
MAH SING 2 0 2
E&O 2 0 2
MRCB 1 1 2
TOTAL 17 4 21
PERAK
SUNWAY 3
MRCB 1
TOTAL 4
SABAH KK SANDAKAN TOTAL
SP SETIA 1 0 1
IJM LAND 0 1 1
MAH SING 2 0 2
TOTAL 3 1 4
SARAWAK KUCHING
IJM LAND 2
TOTAL 2
N. SEMBILAN
IOI PROPERTIES 1
IJM LAND 2
TOTAL 3
MELAKA
IJM LAND 1
TOTAL 1
Klang Valley
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Klang Valley
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Current & On-going Projects in Klang Valley by Builders of Visions.
CYF.A14/05.15
SP Setia
KL
1. Setia Sky Residences – Kg Baru
2. Kenny Hills Grande – Bkt Tunku
3. KL Eco City – Mid Valley City
Selayang (Selangor)
4. Setia Eco Templer – Templer Park
Shah Alam (Selangor)
5. Setia Alam – U13
6. Setia Eco Park – U13
Klang (Selangor)
7. SetiaNgle – Bdr Bkt Tinggi 2
Puchong (Selangor)
8. Setia Walk – Pusat Bdr Puchong
Semenyih (Selangor)
9. Setia Eco Hill – Semenyih
Cyberjaya (Selangor)
A. Setia Eco Glades
Putrajaya
B. Dwiputra Residences – Precinct 15
IOI Properties
Klang (Selangor)
1. Bdr Putera Klang
2. Bdr Puteri Klang
Bangi (Selangor)
3. Bdr Puteri Bangi
Puchong (Selangor)
4. Bdr Puchong Jaya
5. Bdr Puteri Puchong
6. 16 Sierra – Puchong South
Sepang (Selangor)
7. Bdr Puteri Warisan – Salak Tinggi
Putrajaya
8. IOI Resort City – Precinct 13
UEM Sunrise
KL
1. Summer Suites – Jln Sultan Ismail
2. Residensi Sefina – Mont’ Kiara
3. Arcoris – Mont’ Kiara
4. Residensi 22 – Mont’ Kiara
Cyberjaya (Selangor)
5. Symphony Hills – Cyber 9
Bangi (Selangor)
6. Serene Heights
Sunway
KL
1. Sunway Velocity – Tmn Maluri (Cheras)
2. Sunway Vivaldi – Sri Hartamas
3. Sunway Palazzio – Sri Hartamas
4. Sunway Rydgeway – Tmn Melawati
5. Sunway Montana – Desa Melawati
PJ/SJ (Selangor)
6. Sunway Resort City – PJS 11 (Bdr
Sunway)
7. Sunway Lacosta – PJS 9 (Bdr Sunway)
8. Sunway Geo – PJS 9 (Bdr Sunway)
9. Sunway Rymba Hills – PJU 3 (Sunway
Damansara)
A. Sunway Nexis – PJU 5 (Kota
Damansara)
Seri Kembangan (Selangor)
B. Sunway Eastwood – Tmn Equine
Klang Valley
12
Current & On-going Projects in Klang Valley by Builders of Visions.
CYF.A14/05.15
IJM Land
KL
1. Ampersand – Jln Kia Peng
2. Riana 3 – jln Raja Laut (Chow Kit)
3. Pantai Sentral Park – Bkt Kerinchi
4. Seri Riana – Wangsa Maju
5. Bkt Manda’rina – Alam Damai (Cheras)
6. Shng Villas – Bkt Pandan (Cheras)
Ampang (Selangor)
7. Debunga Residensi – Ukay Perdana
Puchong (Selangor)
8. Granview – Saujana Puchong (Puchong
South)
Kuala Langat (Selangor)
9. Bdr Rimbayu – Telok Panglima Garang
Puncak Alam (Selangor)
A. Shah Alam 2 – Bdr Puncak Alam
IGB Corp.
KL
1. Stonor 3 – Lorong Stonor
2. Damai 15 – Jln Damai
3. Damai Residence – Lorong Damai
4. Three28 Tun Razak – Jln Tun Razak
(Hampshire Park)
5. Hampshire Place – Jlan Tun Razak
(Hampshire Park)
6. G Village – Desa Pandan
7. G Residence – Desa Pandan
8. Seri Ampang Hilir – Jln Ampang Hilir
(Tmn U Thant)
Sg Buloh (Selangor)
9. Park Manor – Sierramas
A. Sierramas Heights- Sierramas
Mah Sing
KL
1. M City – Jln Ampang (Kg Berembang)
2. Icon Residence – Mont’ Kiara
Bt Caves (Selangor)
3. Lakeview Residence – Tmn Wahyu
Sg Buloh (Selangor)
4. D’sara Sentral – Kg Baru Sg Buloh
Rawang (Selangor)
5. M Residence
6. M Residence 2
PJ (Selangor)
7. Icon City – SS8 (Sg Way)
Puchong (Selangor)
8. Kinrara Residence – Bdr Kinrara
9. Festival Lakecity – Tmn Perindustrian
Puchong
Bangi (Selangor)
A. Southville City@KL South
Cyberjaya (Selangor)
B. Garden Residence
Putrajaya
C. Clover@Garden Residence – Precinct
11
MRCB
KL
1. Semarak City – Kg Semarak
2. The Sentral Residence – KL Sentral
3. The Grid – Jalan Stonor
4. 9Seputeh – Jln Klang Lama (Seputeh)
Klang Valley
13
Current & On-going Projects in Klang Valley by Builders of Visions.
CYF.A14/05.15
UOA
KL
1. Southbank Residence – Jln Klang Lama
(Kg Dato’ Tatah
2. Desa Green Serviced Apartments – Jln
Desa Bakti (Tmn Desa)
3. South View Serviced Apartments – Kg
Kerinchi (Bangsar South)
4. Scenaria@North Kiara Hills – Bkt
Segambut
5. Sentul Village – Kg Seri Batu (Sentul)
E&O
KL
1. The Mews – Jln Yap Kwan Seng
(Hampshire Park)
2. St Mary Residences – Jln Tengah
3. E&O Residences – Jln Tengah
4. Dua Residency Condominiums – Jln Tun
Razak
5. Sri Se-ekar Apartments – Tmn U Thant
6. Idamansara – Damansara Heights
7. Seventy Damansara – Damansara
Heights
Shah Alam (Selangor)
8. Elmina West – Tmn Bkt Subang (U16)
Klang Valley
It was noted that Mah Sing has the most projects in Klang Valley which are
widely dispersed from the north towards, the central and south of this region.
This was followed by SP Setia which has a variety of projects in the central,
western, and southern districts. Sunway’s projects were more concentrated
within the central and southern regions.
Overall, the majority of projects in Klang Valley converged at the central
district (KL Golden Triangle) and its immediate vicinity. However, it was
noticed that there are a great number of projects emerging in the southern
corridor from PJ and SJ, towards, Puchong, Cyberjaya, Putrajaya, Bangi, and
Semenyih. While the western districts such as Klang and Shah Alam are also
somewhat prevalent.
There are a total of 44 projects in the Federal Territory of KL, 38 in Selangor,
and 3 in Putrajaya; hence making the final count of projects in Klang Valley to
be 85.
Johor
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Johor
15CYF.A14/05.15
Location of Current & On-going Projects by Builders of Visions in JB
District.
SP Setia
Gelang Patah (JB)
1. Setia Eco Gardens
2. Setia Business Park
Bkt Indah (JB)
3. Bkt Indah
Tmn Setia Indah (JB)
4. Setia Eco Cascadia
5. Setia indah
Setia Tropika (JB)
6. Setia Tropika
Tmn Seri Austin (Skudai)
7. Setia Business Park II
Bdr JB (JB)
8. Setia Sky 88
UEM Sunrise
Nusajaya
1. Nusa Idaman
2. Nusa Bayu – Tmn Nusa Bayu
3. Puteri Harbour – Kota Iskandar
4. Medini Iskandar – Medini
5. East Ledang
6. Horizon Hills
7. EduCity
Gelang Patah (JB)
8. Gerbang Nusajaya
9. Rumah Iskandar Malaysia
10. SiLC
Johor
16
Current & On-going Projects in JB District by Builders of Visions.
CYF.A14/05.15
Sunway
Nusajaya
1. Citrine@The Lakeview – Medini
Tmn Molek (JB)
2. Sunway Lenang Heights
IGB Corp.
Southkey (JB)
1. Mid Valley Southkey
Mah Sing
Tmn Austin Perdana (JB)
1. Austin Perdana
Nusajaya
2. The Meridin@Medini
Masai
3. Sierra Perdana – Tmn Sierra
Perdana
Gelang Patah
4. i-Parc@Tanjung Pelepas -
Pekajang
E&O
Nusajaya
1. Avira - Medini
IJM Land
Tmn Desa Tebrau (JB)
1. Austin Duta – Aeon Tebrau City
Nasa City (JB)
2. Nasa City
Tmn Nusa Bestari (JB)
3. Nusa Duta
Tmn Dato Onn (JB)
4. Suriamas Suites
Larkin
5. Epic – Kg. Muafakat
Masai
6. D’Ambience – Bdr Baru Permas
Jaya
JohorMost of the projects in Johor was confined within the district of JB (32 out of36), while Kota Tinggi only account for 2, Kulaijaya and Segamat each has 1respectively.
While in JB, a great of number of the developments was located near thesecond-link bridge to Singapore; within the area of Nusajaya and Gelang Patah(western JB). It was noted as well that there is a considerable amount of projectslocated within the central region of JB.
Some of the big players in Johor include UEM Sunrise (10 projects), SP Setia(8), and IJM Land (7).
Johor
17
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Dis
tric
ts o
f (i
i) K
ula
ijaya
(iii
) S
egam
at
(iv)
Kota
Tin
gg
i.
CYF.A14/05.15
IOI
Pro
per
ties
Seg
am
at
2.
Bdr
Putr
a S
egam
at
Ma
h S
ing
Pasi
rG
ud
an
g
1.
Bdr
Mer
idin
Eas
t –
Bdr
Bis
tari
Per
dan
a
IOI
Pro
per
ties
Ku
lai
1.
Bdr
Putr
a K
ula
i
IJM
Lan
d
Seb
an
aC
ov
e
1.
Seb
ana
Co
ve
Penang
18
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Pen
an
g.
CYF.A14/05.15
Perak & Sabah
19CYF.A14/05.15
Location of Current & On-going Projects by Builders of Visions in Perak.
Location of Current & On-going Projects by Builders of Visions in Sabah.
Sunway
Sunway City Ipoh (Tambun)
1. Lakeside Mansions
2. Montbleu Residences
3. Serene VillasMRCB
Bdr Sri Iskandar (Bota)
1. Puncak Iskandar
SP Setia
Kota Kinabalu
1. Aeropod
IJM Land
Sandakan
1. Bdr Utama – Bdr Tyng
Mah Sing
Kota Kinabalu
1. Sutera Avenue – Kg
Sembulan
2. KK Convention City – Jln
Tun Fuad Stephen
Negeri Sembilan & Sarawak
20CYF.A14/05.15
Location of Current & On-going Projects by Builders of Visions in NS.
Location of Current & On-going Projects by Builders of Visions in Sarawak.
IJM Land
Seremban
1. Seremban 2
2. Seri Binjai - Rahang
IOI Properties
Bahau
1. Bdr IOI Bahau
IJM Land
Kuching
1. Riverine Diamond – Jln Petanak
2. Yen Yen Park – Tmn Yen Yen
Melaka
21CYF.A14/05.15
Location of Current & On-going Projects by Builders of Visions in Melaka.
IJM Land
Bandaraya Melaka (Melaka Tengah)
1. 1 Lagenda – Tmn 1 Lagenda
PenangMost of the projects in Penang was located on the island (17 out of 21 projects),while the mainland only account for 4 of them. Developments on the islandwere mainly focused in several areas at the eastern corridor. They include BayanLepas, Batu Maung, Gelugor, and Batu Feringghi. Whereas on the mainland,Bukit Mertajam is the current favourite. Main players include IJM Land and SPSetia.
Perak & SabahTambun and Bota are two core areas under development in Perak. While KKand Sandakan are the focal points in Sabah.
Negeri Sembilan & SarawakProjects are centered in Seremban and Bahau in Negeri Sembilan. WhereasKuching is the crucial zone in Sarawak.
MelakaBandaraya Melaka within the district of Melaka Tengah is the pivotal region fordevelopment in Melaka.
References
Eastern & Oriental Berhad. (2015) Properties, [Online], Available:
https://www.easternandoriental.com/properties.php [8 May 2015].
IGB Corporation Berhad. (2013) Residential & Commercial, [Online],
Available: http://www.igbcorp.com/residential_f.html [8 May 2015].
IJM Land Berhad. (2015) Our Projects, [Online], Available:
http://projects.ijmland.com/ [8 May 2015].
IOI Properties Group Berhad. (2015) Properties, [Online], Available:
http://www.ioiproperties.com.my/ [8 May 2015].
Mah Sing Group Bhd. (2015) Lifestyle We Built, [Online], Available:
http://www.mahsing.com.my/Projects [8 May 2015].
MRCB Land. (2015) Home, [Online], Available: http://www.mrcbland.com.my/
[8 May 2015].
S P Setia Bhd Group. (2015) Properties, [Online], Available:
http://www.spsetia.com.my/corporate/our-products.asp [8 May 2015].
Sunway Property. (2014) Malaysia Properties, [Online], Available:
http://www.sunwayproperty.com/ [8 May 2015].
UEM Sunrise Berhad. (2013) Our Projects, [Online], Available:
http://www.uemsunrise.com/v2/ [8 May 2015].
UOA Group Berhad. (2015) Properties, [Online], Available:
http://uoa.com.my/residential/ [8 May 2015].
22CYF.A14/05.15
Contact Us
23
OFFICE EMAIL TELEPHONE
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Melaka [email protected] 606 2860017606 2840017
Penang [email protected] 604 2638093604 2612032
Johor Bahru [email protected] 607 3863791607 3863795
Kuantan [email protected] 609 5157100
Kuching [email protected] 6082 235236
Kota Kinabalu [email protected] 6088 266520
CYF.A14/05.15
International Affiliations
24
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Inc
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CYF.A14/05.15
Raine & Horne International Zaki + Partnerswww.raineandhorne.com.my
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Tel: 03-2698 0911 Fax: 03-2691 1959 Email: [email protected]
Company No. 99440-T, VE (1) 0067