IMPACT OF NEW GOVERNMENT POLICIES ON THE PROPERTY MARKET - PLUS Old But Gold Kuala Lumpur New Launches Q12018 vs Q12017 - Henry Butcher
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JUNE 2018
by Henry Butcher Malaysia
IMPACT OF NEW
GOVERNMENT
POLICIES ON
THE PROPERTY
MARKET
KDN PP18893/11/2015(034373)
PLUS
Old But Gold Kuala Lumpur New Launches Celebrating Ramadhan
Q12018 vs Q12017 in Antara Putrajaya
A Cautious Start
JUNE 2018
by Henry Butcher Malaysia
Publisher
Henry Butcher Malaysia Sdn Bhd Editor’s Note
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Off Jalan Dang Wangi,
50300 Kuala Lumpur.
T• (03) 2694 2212
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Market Research & Development Consultancy
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Email: hbampang@henrybutcher.com.my With the formation of the new government than 1,800 pieces of artworks (90% Malaysian
last month, which has put Malaysia once Art), recording sales of more than RM38
Retail Consultancy again on the world map for a good reason, million. With the zero-rated GST, coupled
Tel: 603-91305550 Fax: 603-91304003
Email: tanhaihsin@yahoo.com
and the appointment of the 93-year-old with the exhilaration of the majority citizens
veteran in politics Tun Dr. Mahathir as the over the positive change of the government
Facilities & Asset Management 7th Prime Minister of Malaysia, his seasoned which would possibly shift the spending
10,000 SQFT RESIDENT CLUBHOUSE 4-ACRE PRIVATE HILL PARK Tel: 603-62053330 Fax: 603-62062543 experiences in leading the transformation behaviour from ‘cautiously spending’ to
Email: admin.assetmgmt@henrybutcher.com.my
smoothly and steadily have grabbed the ‘spending more’, and the positive sentiments
Plant & Machinery Consultancy world’s attention. of the market in long term, we are confident
FREEHOLD
Tel: 603-26942212 Fax: 603-26943484 that the art market will become robust.
Email: hbmalaysia_pnm@henrybutcher.com.my Leadership is an opportunity to serve, it’s not Despite the soft art market in the past 2 years,
a trumpet call to self importance. People’s we have successfully registered growth in the
Auctions & Tender Sales
expectations are high, as they really hope to past few auctions. We have reasons to believe
RESIDENTIAL TITLE Tel: 603-26942212 Fax: 603-26941292
Email: auctions@henrybutcher.com.my see the Changes in the new government,
where capable individuals are placed on the
that we are on the right track.
Art Consultancy right positions, talents retained and fully Let us all work hand in hand, shoulder to
5% + 2%
Tel: 603-26913089 Fax: 603-26021523
utilised, making shrewd decisions for the shoulder, side by side, with steely and fervent
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betterment of the nation; contracts/projects determination, each giving one’s best shot,
OUR OFFICES given not based on relationship or rapport contributing to the respective communities,
| SELANGOR | Subang Jaya • Ampang • Mont’ Kiara | but on merit, performance, track records, moving forward on the right track with hope
REBATE (T&C APPLY) NEGERI SEMBILAN | Seremban | KEDAH| Alor
Setar • Kulim | PENANG| Island • Butterworth • Seberang
Perai | JOHOR | Johor Bahru • Kluang • Muar • Pontian |
open tender way; wastage minimised; waging
relentless battle against corruption; a safer
and faith, bearing with one another in love,
for this greater Malaysia, our beloved nation!
PAHANG | Kuantan | MALACCA | Melaka | Malaysia; and a good sustainable economy
HANDOVER
TERENGGANU | Kuala Terengganu | PERAK | Ipoh
| KELANTAN | Kota Bahru | SABAH | Kota Kinabalu
environment for businesses to prosper, nation
• Sandakan • Tawau | SARAWAK | Kuching • Miri to flourish etc, just to name a few.
Sim Polenn
FROM JULY 2018 Life on the fast lane, for the new Malaysia
Henry Butcher Art Auctioneers
ONWARDS PAST EDITIONS
2018
Mega projects have been reviewed, some
postponed, some cancelled, based on the
discretion of the current leaders. There may
SHOW UNIT
be differences in opinions, but let’s try best to
agree to disagreement, reach a mutual
consensus that is beneficial to most, follow
VIEWING
the majority, creating synergy effect that
yields the optimal results for the nation.
STRICTLY BY APPOINTMENT ONLY We at Henry Butcher Art Auctioneers
(HBAA) and Curate Henry Butcher will
CALL NOW Jan 2017 Feb 2017 Mar 2017 continue to do our part in servicing the art
RYAN +6012 7958 995
industry, promoting Malaysian Art and
Southeast Asian Art, providing an open
platform for the first/secondary art market
FUZZ +6016 3085 825
etc. As the pioneer, professional, leading art
auction house in Malaysia that practices
transparency, to date (since its establishment
9 years ago) HBAA has auctioned off more
Exclusive Marketing Agent:
25 Jalan Yap Ah Shak, 50300 Kuala Lumpur, Malaysia. Apr 2017 May 2017
Email: admin@henrybutcher.com.my IRAMA WANGSA
Tel no. +603-2694 2212 | Fax no. +603-2694 5543 SALES GALLERY Printed by:
Percetakan CL Wong Sdn Bhd
Developer’s License No.: 13498-2/02-2019/01252(L) • Validity Period: 25/02/2018-24/02/2019 • Advertising & Sales Permit No.: 13498-2/02-2019/01252(P) • Validity Period: 25/02/2018-24/02/2019 • Approving Authority: Dewan Bandaraya Kuala Lumpur (DBKL) • Building Plan Reference No.: BP U2 OSC 2014 0223 • Land Tenure: Freehold • Property Type: Condominium
AS-84, Jalan Hang Tuah 4,
• Total No. Of Units: 200 • Expected Completion Date: April 2018 • Land Encumbrances: Public Bank Bhd • Minimum Price: RM 858,000 • Maximum Price: RM 1,230,800 • Bumiputera Discount 5% • Restrictions In Interest: NIL Taman Salak Selatan,
57100 Cheras, Kuala Lumpur.
3 / HERALD JUNE 2018
Disclaimer: All information contained herein (including specifications, plans, measurements, illustrations and statements) are subject to amendments and modifications without prior notice as may be required by the relevant authorities or developer’s consultants. They shall not form part and parcel or invalidate or annul any contract of sale between the developer and the
purchaser. Whilst every reasonable care has been taken in preparing this information, the developer cannot be held liable for any variation or inaccuracy.
IMPACT OF NEW
GOVERNMENT POLICIES Rail projects such as the MRT3 Circle Line and the High Speed Rail between Kuala Lumpur and Singapore were relooked for its lopsided costs and subsequently removed or
postponed. More projects are expected to come under scrutiny by the newly minted government.
ON THE PROPERTY MARKET
Similarly, the scrapping or “postponement” of in TRX whilst the review is being carried out by the
MRT 3 will also have the same impact on the local task force set up to undertake the task like
property market as the HSR. MRT 3 is supposed to Landlease’s Lifestyle Quarters, the Exchange 106
be the last piece in the MRT jigsaw puzzle as it will Signature Tower, HSBC’s and Prudential’s new
- SHORT TERM PAIN FOR
link MRT Line 1 (which connects Sungei Buloh headquarters, and projects by WCT Holdings Bhd,
and Kajang) and Line 2 (which connects Sungei LUTH (Lembaga Urusan dan Tabung Haji - more
Photo source: Todd Alperovitz (Flicker)
Buloh and Serdang/Putrajaya) together. Without commonly known as Lembaga Tabung Haji) and
Recent years of stability have seen an increase in business and investor confidence in Thailand. Line 3, the other two lines can however still operate Affin Bank.
LONG TERM GAINS
on their own. The scrapping of Line 3 for the time
being will provide the government an opportunity There are other promises in PH’s election manifes-
to assess the effectiveness of Lines 1 and 2 which, to to be implemented beyond the 100-days
based on the current ridership of between 130,000 threshold which are related to the property market
to 140,000 per day compared to the projection of viz. making available 1 million affordable homes
250,000 daily are underutilised. Perhaps when the within ten years and grouping all the agencies
After the historic win in GE 14 by the Pakatan In addition, the government will also carry out surrounding the stations as well as Bandar country is financially more stable and when Lines 1 involved in building affordable homes under one
Harapan (PH) coalition, the new federal govern- detailed reviews of other mega projects such as the Malaysia will no longer materialise and developers A sample of the HSR train. and 2 have achieved close to their maximum central body for better coordination and control.
ment under Tun Dr Mahathir has hit the ground ECRL or the East Coast Rail Line and the TRX who have bought land in these areas as well as capacity, Line 3 can be revived provided studies This is sweet news for the lower to middle income
running in an attempt to fulfil its 100 day promises Financial Centre development before deciding property investors who have invested in properties show that it is the most cost effective solution to group as they can now look forward to owning
made in its election manifesto. It has set up a whether to proceed, cancel or renegotiate with the closeby these areas will find that the hoped for Greater Klang Valley’s public transportation woes. their own homes.
Council of Eminent Persons (CEP) comprising various stakeholders. appreciation in values and development opportu-
well-known and respected personalities assisted by nities may not materialise. Bandar Malaysia in Meanwhile however, the enormous savings that Thus far, the various agencies entrusted by the
various committees to look into carrying out Some of these measures obviously have a direct particular, will not be able to command the same can be made in shelving the HSR and MRT 3 previous administration like Pr1ma have not met
institutional and corporate reforms as well as impact whilst others have indirect implications for level of excitement and interest although it should projects will help alleviate the country’s financial their KPIs in building and delivering affordable
providing advice on economic matters. This step the property market. These are discussed below: still be able to succeed by virtue of its location not position especially when the financial assessments homes within the right price range and in the right
will help calm the markets and provide stability to too far from the city centre, provided it is thought- by the new administration show that the projected locations and as such have not really been able to
the Ringgit. The recalibration of the GST rate to 0% is a positive fully re-planned, designed and developed. revenue which will be generated by the HSR/MRT effectively meet the people’s aspirations in owning
development for the property market. Firstly, it will 3 operations will by itself not be able to justify the homes.
The abolition of GST which was a central theme in mean a reduction in the cost of building materials There are also some developers who have made the substantial cost that will be incurred in building
PH’s election campaign was set in motion with the as well as construction costs and professional fees HSR and MRT 3 a selling point for their projects these mega infrastructure projects. Although the measures taken by the new PH
resetting of the GST rate to 0% effective 1 June 2018 and thus could lead to lower property prices if the and included these in all their promotional materi- administration will certainly have some negative
and its eventual abolishment in the near future cost savings are all passed on to the consumers. als and advertisements. The cancellation of the Besides shelving mega infrastructure projects impact on the economy and property market in the
after the Sales & Services Tax (SST) has been Secondly, with GST at 0%, buyers of non-residen- HSR and MRT 3 will mean that the developer’s which were deemed to be not of priority at the short term, they are deemed necessary to help
reintroduced. After the Prime Minister and later tial properties will instantly save as they no longer claims cannot now be fulfilled and this will put The new Finance Minister Lim Guan Eng is appointed based on his present moment, the Federal Territories Director resolve the country’s current economic situation.
the Finance Minister disclosed that the total debt have to fork out an additional 6% for GST. This them in a difficult position vis-a-vis buyers who good track record of leading Penang as the Chief Minister. of Lands and Mines Office Kuala Lumpur has been With greater transparency and efficiency and more
level of the country is higher than what was could provide a boost to the commercial and have purchased properties in their projects based instructed to freeze all transactions involving the determined measures to eradicate corrupt practic-
previously reported by the previous administra- industrial property segments. on the promise and attractions of the HSR/MRT 3. transfer of land owned by DBKL since May 10. This es, investors will feel more reassured and in the
tion, the new government announced several is due to reports lodged by some MPs with the longer term the country will be in a better position
measures to address the high debt level of above The HSR was touted as a game changer with MACC as well as the Chief Secretary to the to attract more and larger foreign investments. As
RM 1 trillion. These measures include the enormous economic benefits when it was Government on the alleged suspicious nature of the wise has always said, we need to bear with the
following: announced by the previous government. It was these transactions. As some of these projects have short term pain for long term gains.
supposed to lead to more Singaporeans investing in already been launched with buyers having signed
a) Scrapping or “postponement” for the High homes as well as spending more across the the sale & purchase agreements, this move has MALAYSIA BARU. MALAYSIA BOLEH.
Speed Rail (HSR) project linking Kuala Causeway. It was also supposed to bring about created some uncertainty about whether or how
Lumpur and Singapore; more rapid development of the areas surrounding these projects will move forward.
b) Scrapping or “postponement” for the MRT the HSR stations. Lastly it was the key selling point
Link 3 project which is the circle line linking and unique feature of the Bandar Malaysia The review of the TRX development as announced
MRT 1 and 2; development located on the old airport site in by the new administration have cast a pall of
c) Setting up a Tabung Harapan Malaysia Fund Sungei Besi. With the scrapping or “postpone- uncertainty over the project and the developers/-
for Malaysian citizens to contribute towards ment” of the HSR, the anticipated economic companies who have started development or
paying off the RM1 trillion debt. benefits that will be accorded to the areas bought land parcels for development will now have
to convince the authorities that the deals that they
cut with the previous administration were above
board. There will be some delays for the projects
4 / HERALD JUNE 2018 5 / HERALD JUNE 2018
OLD BUT GOLD Located in the affluent neighbourhood of Bangsar, • Others
Sri Penaga is one of the pioneer premium º To attend to inquiries, complaints, reports
condominiums in the area. Comprising two and correspondences;
22-level towers with 14 townhouses, it is one of the º To implement and promote a systematic and
older and more established developments in cost effective property maintenance
Bangsar, as it was completed in 1995. Nevertheless, programme or procedure.
the years have not taken its luster away, with Sri
Penaga remaining as pristine as ever. What were the challenges in managing Sri
Penaga?
It is with this exemplary care of the property that One of the most challenging aspects of managing
Henry Butcher Malaysia (Mont Kiara) was Sri Penaga is dealing with owners who want to
awarded the Gold Award in the above 10 years carry out major renovations to their apartments.
multi-own strata residential category at EdgeProp
“
The structural system for Sri Penaga uses
Malaysia’s Best Managed Property Awards 2018. reinforced concrete shear walls and floors. The
shear walls are load bearing walls and used as the
Henry Butcher is not stranger to EdgeProp structural support system for the building. As
Malaysia’s Best Managed Property Awards, having such, any indiscriminate hacking of the shear walls
This gold award serves as won six awards in 2017: or floors are not allowed. Sri Penaga therefore has
a motivation for us to go • Commercial Category (Gold) - Menara very strict by-laws and regulations governing
Bangkok Bank @ Berjaya Central Park Strata - renovation work, which needs to be clearly and
even further. • Residential Category (Gold) - The Binjai On patiently explained to owners who want to carry
”
The Park Strata out major renovations to their apartments. Each
• Mixed Category (Silver) - Solaris Mont' Kiara major renovation of an apartment at Sri Penaga
Strata therefore requires close monitoring by the
• Non Strata Residential Category (Silver) - Duta management team to ensure compliance.
Nusantara
• Non Strata Residential Category (Bronze) - Another issue in Sri Penaga is inter-unit leaking.
Duta Tropika The property management team attends to these
• Strata Residential Category (Special Mention) - leaking issues in accordance with the procedures
The Oval KL (East Tower) set out in the Strata Management Act 2013 & Strata
Located in the affluent neighbourhood of Bangsar, Sri Penaga is the one of the pioneer premium condominiums in the area. Management Regulations (Maintenance) 2015.
We speak to Jessie Koh, Area Manager, Henry More importantly, the property management team
Butcher Malaysia (Mont Kiara) on their recent always advises owners to change the entire piping
win, and the challenges faced when dealing with a system in the unit to avoid leaking issues as Sri
matured development. Penaga is already 22 years old.
When was Henry Butcher appointed to manage The constant challenge is to ensure that Sri Penaga
Sri Penaga? continues to be well maintained and secured for all
Henry Butcher Malaysia (Mont Kiara) has been its residents. The property management team
appointed by the Sri Penaga Management Corpo- believes in working closely with its trusted service
ration (referred to as “SPMC”) to manage and providers to maintain and upkeep Sri Penaga.
maintain the development since December 2012. Consequently, a number of Sri Penaga’s service
Although being more than 20 years old, Sri Penaga providers have been serving Sri Penaga ever since
remains as pristine as ever.
What are Henry Butcher’s responsibilities? the handover by the developer and as a result, a lot
Aside from maintaining and managing the of the original equipment installed by the develop-
common property of Sri Penaga, our other respon- er remains in good working condition.
sibilities include:
How is the relationship between Henry Butcher,
• Management Related Services the management committee and the residents?
º To advise on appointment and to review the It is vital that different levels of our team remain in
scope of work of third party contractors; constant communication with the management
º To administer property maintenance contracts committee, and currently the relationship between
and attend to renewals of the same where both parties is extremely good. Our on-site
necessary; property management team also plays an import-
Comprising two 22-level towers with 14 townhouses, the condominium was completed in 1995. Some of the many facilities include a gym. º To enforce by-laws and house rules. ant role in communicating with the owners - we do
our routine rounds and talk to residents to
• Accounts understand their issues and needs.
º To maintain up-to-date records of the transac-
tions in Sri Penaga;
º To render such information and periodic How did you feel when you found out about Sri
reports. Penaga winning the Gold award?
Overwhelming happiness and joy! I would like to
• Supervision take this opportunity to acknowledge the property
º To oversee and supervise the appointed management team, especially Razidah the
maintenance contractors and to ensure that building manager and Parthiban the chargeman.
the common property is kept in good repair Both of them have been working very hard with Sri
and to arrange for any repair or replacement of Penaga for more than 10 years and they treat Sri
any part as and when necessary; Penaga as their home. Razidah and the team is
º To oversee the appointed service contractors working very well with us. This gold award will
keeping the common property in a clean and definitely form as an appreciation and as a motiva-
tidy condition; tion for us to go even further.
º To oversee and supervise the appointed
Spacious pathway. Swimming pool. security personnel in the performance of their
duties; and
º To provide periodic reports relating to the
6 / HERALD JUNE 2018 management and maintenance. 7 / HERALD JUNE 2018
KUALA LUMPUR
Compared to the corresponding period the 2017. This is then followed by units sized Based on our data, Setapak marks the
year before, the first quarter of 2018 between 1,001 and 1,200 sq ft with four location of two new affordable develop-
witnessed a lesser number of new residen- projects (22%) offering such units. A similar ments in Kuala Lumpur in Q1 2018 with a
tial projects as well as units launched in trend was also observed in Q1 2017. Howev- price range of RM300 to 500 per sq ft
Kuala Lumpur, perhaps due to the then er, whereas Q1 2017 recorded developments followed by Segambut (one project, priced
N uncertainty of the looming general election. offering units below 600 sq ft (three at RM350 to 400 per sq ft) and Jalan
Q1 2018 saw only ten launches (compared projects or 9%), Q1 2018 had no such small Kuching (one project, priced t RM450 to
to 12 in Q1 2017), adding 5,746 units to the sized units. 500 per sq ft).
A cautious start. capital’s housing pool, (compared to 7,499
in Q1 2017). Of the ten projects launched in Q1 2018, five Meanwhile, developments that are priced at
by Henry Butcher Research SETAPAK
2
(31%) had units which were priced between the higher end of the spectrum are mainly
High-rise It is however interesting to note that this RM401,000 to RM600,000, followed by located in Taman Desa (one project, priced
RM300 time around there were more affordable four (25%) with units priced above RM1 at RM700 to RM800 per sq ft), Bukit Jalil
- offerings launched during the period, million and three (31%) with units priced (one project, priced at RM700 to RM800
RM500 perhaps reflecting developers’ more between RM601,000 to RM800,000. There per sq ft), Dutamas (one project, priced at
SEGAMBUT PROJECTS psf
1
cautious attitude within the context of a are two projects which offered units priced RM800 to RM900 per sq ft) and Damansara
High-rise
2017 2018 RM350
sluggish market. below the RM400,000 threshold and four Heights (one project, priced RM800 to
projects with units priced between RM1,000 per sq ft).
- March was the most active month during RM801,000 to RM1 million.
RM400
psf WANGSA MAJU both periods, with developers holding back The first three months of 2018 seemed to
1
PROJECT
High-rise their launches until after Chinese New Year. On further analysis we note that there were reflect a more cautious stance taken by
12 10
RM600 March 2018 itself, saw six new launches, four (4) projects (40%) priced below property developers. With the change of
JALAN KUCHING - compared to five in the whole of Q1 2017. RM500 per sq ft (compared to only one regime ruling the Federal government
1
High-rise RM700 February 2018 was the least active month development in Q1 2017). There were also post-GE14, there could initially be a period
PROJECTS PROJECTS RM450 PROJECT psf with only one launch. four projects priced between RM751 and of uncertainty as investors stay on the
0 - RM1,000 per sq ft, followed by two projects sidelines and await for new policy
0% 0
1
0%
1
RM500 Of the ten projects launched in Q1 2018, the between the RM501 to RM750 per sq directions from the new administration. The
PROJECT psf focus appear to have shifted away from ft.band. This trend differs from Q1 2017 cancellation of the HSR and MRT 3 projects
DUTAMAS
1
soho types, compared to Q1 2017. Instead, where the focus was mainly within the price signaled a shift in priorities under the new
Strata Landed High-rise developers focused their attention on range of RM501 to RM750 per sq ft (five administration and this could very well
Strata Landed
RM800 apartments/flats with three such develop- projects), and RM751 to RM1,000 (six change the trajectory of the property
- ments launched compared to just one in Q1 projects), followed by the RM1,001 to market. In the longer term, a more transpar-
3% RM900
PROJECT psf 2017. The period also saw three serviced RM1,500 per sq ft band (two projects). ent, just and clean government would
residence projects launched (four in Q1 enhance investors’ confidence in the econo-
2017), and four condominium develop- Geographically speaking, established areas my and country and bring about more
ments (five in Q1 2017). Due to limited land like Cheras, Segambut, Wangsa Maju and positive vibes to the property market It
D’SARA HEIGHTS
7,499 5,746
1
banks as well as high land costs, there were Dutamas saw one new launch each in Q1 looks like the months ahead are set to be an
High-rise
UNITS UNITS no launches of landed residential develop- 2018; while Setapak continued its wave of interesting period, depending on how
RM800 ments throughout both periods. rejuvenation with two launches during this developers adapt and adjust.
09 7 0 -
10
0% period. Other areas where new projects
1
%% RM1000
PROJECT psf Looking at unit sizes, we note that most of were launched include Taman Desa, Bukit
the projects launched have built-up areas of Jalil and Damansara Heights - a trend of
Strata Landed Strata Landed between 801 and 1,000 sq ft, with six steady development to meet the demands
projects in Q1 2018 (33%) offering units of of buyers and investors keen on these areas.
Total Launches by Month such sizes and seven projects (22%) in Q1
3 TAMAN DESA
1
Jan
0
3
High-rise
RM700 CHERAS
Unit Sizes
by Projects* $ Pricing
by Projects*
Price Per
Square Feet*
1
- High-rise
RM800 RM500
< 600sf
4
PROJECT psf - 9% 0% < RM400,000 < RM500
RM550 12%
Feb
PROJECT psf 601sf - 800sf 11% 7% 40%
1
15% 17% RM401,000 - RM600,000
RM501 - RM750
5 801sf - 1,000sf
Mar 18% 31% 36% 20%
6 22% 33%
BUKIT JALIL
1
High-rise RM601,000 - RM800,000
RM751 - RM1,000
Types of Projects Launched RM700 1,001sf - 1,200sf
-
RM800 19% 19% 43% 40%
5 PROJECT psf 18% 22%
Condominium
0 1,201sf - 1,500sf
4 RM1,001 - RM1,500
* Based on total number of projects launched.
RM801,000 - RM1,000,000
12% 17%
4 14% 0%
Serviced Residence/Serviced Apartment 1,501sf - 1,800sf 26% 13%
3 Above RM1,500
12% 0% Above RM1,000,000
1,801sf - 2,000sf 0% 0%
1
Apartment/Flat 3% 0% 26% 25%
3 Above 2,000sf
9% 11%
2
Soho/Sofo/Sovo/Soso
0 Disclaimer & Caveat
Please note that the data collected and analysed are based on information that are publicly available and have been compiled to the best of our ability. We do not
by any means claim it to be comprehensive. You should not rely solely on our data for your investment decisions and are strongly advised to conduct your own
8 / HERALD JUNE 2018 9 / HERALD JUNE 2018
investigations and research before taking any actions.
Modified Volvo Volvo 122 (special two-door edition) with a rare refurbished
Participants of the art competition.
Volvo P1800.
CELEBRATING
RAMADHAN
IN ANTARA
Children admiring Antara’s visuals.
PUTRAJAYA
On 19 May 2018, Antara Putrajaya organised the Art Artworks produced during the competition.
Competition and Buka Puasa event in collaboration with The auction packed a full house.
Sireh Pinang Art Colony. The event took place at Antara
ANOTHER
Residence Sales Gallery in Putrajaya. With the objective
of promoting Putrajaya and its picturesque landscape as
a model of a sustainable and livable city of the 21st
century, ‘The Wonders of Putrajaya’ was chosen as the
SUCCESSFUL
theme for the competition. On top of that, the competi-
tion also aimed to create awareness and appreciation for
the art among the participating children.
BID ON
The weekend following that, it hosted a Mediterra-
Some participants performing the silat before
nean-themed cooking demonstration in collaboration
breaking of fast.
Participants eagerly awaiting the results of the with Picha Project—a social enterprise which provides
Art Competition. sustainable incomes for refugees. The cooking demon-
REGIONAL ART
stration was led by a friendly Syrian cook who taught the
audience how to make Fattoush salad (a popular
Middle-Eastern salad with loads of chopped tomatoes,
cucumbers and spices). She then moved to show the
making of Maqluba, a one-dish wonder which consist of
rice, vegetable medley and chicken. The highlight of the
On 29 April 2018, Henry Butcher Art Auctioneers’ Contemporary artists such as Gan Tee Sheng,
evening, was the dessert segment whereby she made
custard-filled mini pancakes called Atayef bil Ashta (in
Malaysian and Southeast Asian Art Auction Justin Lim and Zulkifli Yusoff were well represent-
Lebanese) which had the crowd raving. In true Antara Phone bidders and in-room bidders went head to head for some of the artworks. realised RM2.2 million led by strong competition ed in the sale. Gan Tee Sheng’s Head Of Family was
fashion, the event was concluded with the breaking of for the sale’s top lots, masterpieces by Awang sold for RM35,840, which went above its estimates
fast, catered by Picha Project which was also a Mediter- Benefit-for-Children establishment FuziMagic Damit Ahmad, Mohd Hoessein Enas, Dzulkifli of RM19,000 to RM30,000. While Justin Lim’s
was also there to make the Art Competition a
ranean affair. Lot 165 Buyong, Yeoh Jin Leng and Noor Mahnun piece Antelope achieved RM24,640, above its
success.
Participation from an audience member to NOOR MAHNUN MOHAMAD Mohamed. The sale realised a high sell through initial estimate of RM14,000 to RM22,000. A
make Middle Eastern desserts during the On 3 June, the development played host to a vintage car Am Abend, 1993 rate of 80%, with 146 lots out of 181 sold, reflecting fascinating piece by Zulkifli Yusoff titled Pinang
Mediterranean cooking demo. show and buka puasa, where vintage car enthusiasts Oil on canvas sustained interest in high quality artworks. Tak Jadi achieved RM24,640.
gathered to display their restored and modified vehicles. 200cm x 180cm
Most of the vehicles on display were from members of ESTIMATE RM35,000 - RM60,000
Kelab Volvo Klasik Malaysia (or KVKM), with models Held in Galeri Prima in Balai Berita, Bangsar, the All in all, the event garnered good response from
PRICE REALISED
from the 120 and 180 series, both prominent in Malaysia atmosphere started on a high note, with early lots the community of collectors, as well the participa-
RM236,000
during the 1960’s and 1970’s. The show concluded in the already getting bidders’ attention. That momentum tion of more new and young collectors.
evening with the breaking of fast, where visitors to the did not falter, but instead, it intensified during the
show enjoyed a meal together.
middle, culminating in multiple bidding For more info:
showdowns from parties eager to buy pieces from Elizabeth Wong,
reputable artists. +6013 355 6578,
elizabeth@hbart.com.my
A new record-breaking sale came from a piece by
Avid audience taking notes from the 3-course Noor Mahnun Mohamad, titled Am Abend was
meal cooking demo that lasted 90 minutes. Volvo 122. Datsun 1000. Lot 150 realised at RM236,000, making it the most
MOHD HOESSEIN ENAS, DATO’ expensive work from a female Malaysian artist
Kelantanese Dancer, 1992 auctioned in any sale.
Signed and dated ‘HOESSEIN ENAS
1992’ (lower right)
Oil on canvas
Collectors also took the opportunity to grab such
75.5cm x 100cm exceptional works by important Southeast Asian
ESTIMATE RM35,000 - RM60,000 artists. Heri Dono’s The Batavia Express sold for
PRICE REALISED RM20,600, while a watercolour work by Singapor-
RM50,400 ean artist Ong Kim Seng achieved RM21,280.
Indonesian artist Josephine Linggar and her works
Scrumptious fattoush salad as the first course Visitors standing in front of a vintage
Showcase of some vintage Mercedes and Volvo cars.
For more information on the auction results, log on to hbart.com.my titled Balinese Girl and the Mirror realised
at the cooking demo. Mini Cooper.
RM14,560 and RM15,680 respectively.
10 / HERALD JUNE 2018 11 / HERALD JUNE 2018
THE HANGING GARDENS OF PUTRAJAYA
Herb Garden Gym with Pool View Wading Pool Dining & Living Room
· FREEHOLD
· Priced From RM316,000
· Sky Garden On Each Floor
OPEN FOR SALE NOW
· High Ceiling With Loft
· 3-Tier Security
· Semi Furnished
· Government Staff Incentives*
· Easy Entry Package
*Terms and conditions apply.
CALL US NOW
Faridzul +6016 3085 825
Muhaimin +6017 4610 067
Sales Gallery +6018 2786 228
25 Jalan Yap Ah Shak, 50300 Kuala Lumpur, Malaysia.
Marketing Agent: Email: admin@henrybutcher.com.my A Development by:
Tel no. +603-2694 2212 | Fax no. +603-2694 5543
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