EDITOR’S NOTE
EDITORIAL
Wishing all our Muslim readers Selamat Hari Raya, Maaf Zahir & Batin KK Chua, Editor
J
uly marks the start of the second half of the year. It’s a good time to take stock of what we’ve achieved in the first half, and to make an effort to catch up if we’re a little behind on our goals. Frankly, the team at Property Insight has never been more inspired about goal setting after our sister brand Entrepreneur Insight, hosted the inaugural Malaysian Entrepreneur Convention (MEC 2016) on 28 May 2016 at the Grand Ballroom of Nexus Connexion, Bangsar. We were absolutely thrilled when the Malaysian Book of Records certified that the event bagged the title of ‘Largest Entrepreneur Convention’, as it successfully brought together a total of 3,036 participants under one roof and featured the movers and shakers of the local F&B, retail, training, investment, property and digital marketing scene, among others. Read more about it on page 12. On our cover this month is Dato’ Alex Ooi, Executive Chairman of Ideal Property Group. Although Ooi comes from a family of developers, he has built a solid reputation for himself and his company in Penang. At a time when many developers are scaling back, the group, also known as the ‘Penang Condo King’, is forging ahead with its ambitious plan to launch five new projects. Writer Avinash delves into a creative method to invest in property, namely, via a joint venture (JV) or sharing agreement. This method leverages on other people’s money
and has become rather popular in recent years, especially among investor groups. Find out what are things that you should consider and the potential pitfalls before you sign on the dotted line. Writer Natasha researched into the serious issue of abandoned housing and revealed some shocking statistics. As of June 2015, there are a total of 10,403 house buyers who have had their dreams of owning their home turn to naught when their housing projects were abandoned by errant developers. What happens when a project is abandoned? Are the current regulations sufficient to protect home buyers? These are just some of the questions that we attempt to answer. One thing is for sure, no amount of regulation is enough to address the issue if there is no strict enforcement in place. On a lighter note, our personality of the month is rapper cum producer cum songwriter Joe Flizzow aka ‘The President’. He opens up about his struggles as an entrepreneur, as well as the challenges he faces in running numerous businesses – a record label, a talent agency, a barbershop, a restaurant and even a retail shop. Check out our Raya specials on sprucing up the home to usher in the festivities. Natasha has compiled tips and tricks from several experts on how to decorate your home and living spaces, and wow your guests at the same time.
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Editor-In-Chief KK Chua kkchua@propertyinsight.com.my Assistant Editor Kamini Raja Writers Fara Petial Natasha Gideon Avinash Sagran CREATIVE Creative Director Sarah Tan sarah@propertyinsight.com.my Designer Irman Hakim BUSINESS DEVELOPMENT General Manager Janet Loh +6012 205 0911 janet@propertyinsight.com.my Andy Fam +6012 601 9938 andy.fam@propertyinsight.com Hagenz Choo +6012 371 8831 choo@propertyinsight.com.my Iris Gan +6012 799 6685 iris@propertyinsight.com.my Wei Yeen, Chong +6012 927 2863 weiyeen@propertyinsight.com.my
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