Swhengtee Wins ISQ2011 Award

Gavin Tee takes Malaysians to the globalized real estate market

Swhengtee International Sdn. Bhd. had recently received the 2011 International Standard Quality Award, under the Quality Professional Company category, from the EU Analysis Alliance, at the Grand Ballroom, Shangri-La Hotel, Kuala Lumpur, on 28th July 2011. Founding President Mr. Gavin Tee had received the award from the Representative of Guest-of-Honour YB Datuk Hajah Rohani binti Haji Abdul Karim, Deputy Minister of Domestic Trade, Co-operatives and Consumerism.

The 2011 International Standard Quality Award confers recognition of excellence to individuals and their companies, instills a spirit of high standard quality, creates a result-orientated culture of “Result First, Performance Now”, upgrades image building, provides a platform for business networking and expansion, increases confidence in “Made in Malaysia” brands, and internationalize and globalize local companies to greater heights. The Quality Professional Company category recognises excellent companies with high professionalism.

The event was graced by several prominent personalities in the property industry, including Dato' Dr. David Lai, Managing Director, Bandacaya Holding Sdn Bhd; Koo Kok Leong, Director, HIO Design Studio; Dato' Low Eng Hock, Chairman/Group CEO, Ivory Properties Group Berhad; Dato' Nik Mohamed Din Bin Datuk Nik Yusoff, Executive Chairman, OSK Property Holdings Berhad; and Sr. Hj. Azinal Abidin Bin Hj. Ali, Managing Director, QSE Construction Sdn Bhd.

Mr Gavin Tee said, “We are proud to receive this award, in recognition for the hard work we put in to educate the public on real estate investment through various channels such as the media, seminars, books and videos. We are committed to establish a healthy real estate investment market in Malaysia; and to help Malaysians to become capable real estate investors in our globalised world, who are able to compete in both local and international markets.”

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MRT positions Malaysia as global hub

Sourced from homeguru.com.my:

Malaysia’s Mass Rapid Transit (MRT) will become a driving force in the country’s future, as it will not only transform Kuala Lumpur into a globalised city but also bring local economic benefits and globalise local destinations in the tourism market, said Gavin Tee, Founding President of Swhengtee International.

The groundbreaking ceremony of Klang Valley’s Sungai Buloh-Kaiang MRT Line opened a promising new chapter for the country’s economic growth. It will also greatly impact areas within the vicinity, as well as the whole country.

Gavin Tee declared that the new line, coupled with the Circle and Ampang-Port Klang lines, will attract economic benefits that will stretch beyond Malaysia’s boundaries and solidify its international standing as a smart investment destination.

Kuala Lumpur will be transformed into a globalised city through enhanced connectivity from Kuala Lumpur International Airport (KLIA) to KL Sentral, to several other destinations, such as Bukit Bintang, Kuala Lumpur International Financial District (KLIFD) and Warisan Merdeka. The influx of international travellers will positively affect local tourism, as tourists will head to other destinations outside the capital as well.

The proposed high speed rail system linking Singapore, Kuala Lumpur and perhaps China will lure more Asian tourists to Malaysia. In addition, its improved accessibility will become a catalyst for tourism destinations in Iskandar Malaysia, Kota Kinabalu, Langkawi, Melaka and Penang.

“The success of the Kuala Lumpur capital's modernisation will have a spill over effect on multiple fronts, from Malaysia's economy to its tourism industry. This great infrastructure project would have a multiplier effect on the economy, resulting in time-savings for travelling, and reduction in air pollution. This would lead to improved productivity, improved standards of living and environmental conservation,” said Tee.

Malaysia, An Attractive Asian Property Market

A featured article on Smart Investor Magazine, July 2011 Issue, now available at newsstands. For the full version, please get your copy now!

Highly Attractive
City Centres, mega projects and tourism areas are poised to become investment hotspots in Malaysia, aided by resilient Asia's booming growth.

Asia is experiencing a booming economic growth, and the region's resilience is evident even as global trade collapsed, developing Asia continued to grow. The rapid growths of both China and India continues to lift both regional and global trades, and this augurs well for the regional property market.

From an Asian perspective, it is safe to rank Malaysia as one of the most attractive property markets, with moderate to good gross rental yields of 6.93%, relatively low transaction costs and economic reforms that will improve the rental market.

The latest Asian Development Outlook 2011 report by the Asian Development Bank forecasted Malaysia, which recorded a gross domestic product (GDP) growth of 7.2% in 2010, to grow by 5.3% for 2011 and 2012.

Factors such as low inflation, high economic growth, low property prices, and potential for high capital gains have also helped to position the country as an attractive real estate investment destination for international investors.

In terms of price, Malaysian property prices are also the second lowest in Asia; a marked difference in prices compared to neighbouring Singapore where properties are at least 10 times more expensive and are recognised as one of the dearest in Asia.

In comparison, take the example of The Troika, a high-end condominium in the vicinity of KLCC that was designed by British firm Foster & Partners. Its for sale and/or rental price would probably cost five or six times more if it were located in more mature markets like London, New York and Paris.
Strong Potential

The biggest driver for the Malaysian property sector going forward will definitely be the Greater Kuala Lumpur initiative. Close to 10 million people, compared to 5.7 million in 2010, are expected to work, live, learn and play in this proposed thriving megalopolis by 2020.

The rejuvenation of the city, construction of a pedestrian network, extension of the Light Rail Transit, building of the Mass Rapid Transit system, KL International Financial District, and 100-storey Warisan Merdeka landmark, are just some of the projects that will make up the Greater KL conurbation, which has drawn international interest and investments.

Regional neighbours like Singapore, Hong Kong, Taiwan and mainland China have also begun to tighten regulations for property transactions, such as tighter monetary policies, the raising of downpayments, banning third home purchases and price control targets amongst others, to rein in runaway prices. This presents opportunities for foreign investment to flow into Malaysia.

Given this scenario, do we, as investors, have properties with quality and yields that match the best in the region, if not the world? London is one of the world's largest financial centres and there are more overseas banks in London than in any other international city. London is, truly, a global city.

KL is not yet London's equal but it has several examples of high-quality housing stock at relatively affordable prices that can contribute to the industry's global competitiveness.

Just like in London, the hunting grounds for wealthy families in KL are well-established residential areas that are characterised by wide roads and plenty of parks or trees, such as Bukit Tunku, Ampang Hilir, Bangsar and Damansara Heights.

These affluent neighbourhoods are the equivalent of London's Belgravia, Holland Park, Regent's Park, Chelsea and Mayfair, while new, well-planned townships - like Desa Park City - may someday become the equivalent of Chiswick in West London.
Challenges and Opportunities

In our opinion, the next 10 years will be the golden era for property investment in Malaysia. However, the market is no longer as it was in the past. It is changing fast and has become more commercialised, globalised and professional and I predict that, before 2020, the real estate market would have matured and hit peaking point.

A minority of the population will own the majority of the properties in city centres or other prime areas, resulting in more people renting a house in those areas. But not all properties will be beneficiaries of this growth. With the exception of economic growth and tourism areas, some properties are seeing an excess of supply and are overpriced in certain locations.

The best investment hotspots will be located at city centres, mega projects and tourism areas. Greater KL's landscape is expected to change with several major developments such as the high-speed rail from Singapore to Greater Kuala Lumpur, and eventually to China.

Capital inflows from foreign investors will also boost economic growth and encourage Malaysia to be more open to foreign investors and, of course, maintain our position as the best destination for real estate investment. And the best investment hotspots? City centres, mega projects and tourism areas.

As Malaysia works to increase its attractiveness as a tourist destination, the economic benefits from a thriving tourism industry will contribute to the value of tourism-related properties and this particular development is expected to make tourism-related local properties the most expensive by 2018.

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