KUALA LUMPUR (Feb 11): City & Country’s Feb 12 issue features TSR Capital Bhd and how the pandemic gave it the impetus to expand its property development arm. With experience in construction and land acquired at a low cost, it has projects planned in Selangor and Negeri Sembilan. It also has joint-venture projects in the pipeline, and CEO Ng Kim Keong notes that the first property TSR Capital plans to launch this year is the RM324 million Daya Residence in Kwasa Damansara, Selangor, offering a total of 260 residential units on 6.52 acres of land.

Executive director Joshua Lim Dian Hoong adds that Daya Residence is next to Kwasa Damansara’s central park, Taman Bandar. Daya translates into ‘energy’, with residents meant to feel recharged after a busy day and spending quality time with their families here.

To be developed over two phases, the RM324 million project will launch phase one this quarter and phase two by end-2024. The whole development is scheduled for completion by 1Q2027. Phase one has 34 semidees and a bungalow, while phase two comprises seven town villas and 218 condominium units.

The same issue also features a write-up on Paramount’s newest co-working space in Damansara Heights. The space at The Five is the company’s seventh, with a capacity of 308 seats with two anchor spaces, 42 suites, 12 fixed desks, 22 flexi desks, three meeting rooms and an event hall.

There is also a summary of CBRE’s “2024 Asia Pacific Investor Intentions Survey” report, where intention to sell among real estate investors in Asia-Pacific was at a record high, with more than 40% looking to dispose of their assets to realise returns and repay debts.

The survey was conducted among 510 Asia-Pacific-based investors in November and December 2023. They comprised developers, owners and/or operators, high-net-worth individuals, private investors and/or family offices, real estate investment trusts (REITs), insurance companies, private equity funds, pension funds and real estate funds.

In our Streetscape segment, we feature the quiet commercial area in Mutiara Damansara – the Jalan PJU 7/16 commercial area, off Jalan PJU 7/15 – which is tucked away on the west side, nearer to the residential precinct. This part of the township is viewed as less exciting as businesses that operate there cater to the residents’ daily needs.

Last but not least, the Urban Insights column features a write-up on ESG excellence in the built environment from an architect’s perspective.

Read all about it in the Feb 12 issue of The Edge Malaysia weekly.

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