Teega Vacation Club

Welcome to


Vacation Club @ Teega


Persons to Contact @ www.teega.club

Joey De Silva   +60129442643   (Executive)

Joel De Silva    +60177138789    (Manager)

Joanna Tay      +601128772232  (Director)

Danny Chua     +601128769911  (MD)


Your Airbnb Vacation Rental Management Solution

Office @ Teega Tower #1-02  Property Scoopers Sdn Bhd

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Sunway Iskandar – Citrine Designer Offices for Rental

Sunway Iskandar – Citrine Designer Offices for Rental

Unit 3A-10 755 sq ft available for sales at RM700K or Rental at RM2500 pm. PM Danny Chua or app +601128769911

Citrine at The Lakeview housing practical Boutique Retail, contemporary Designer Offices and practical Citrine Residences, has a 20-acre Emerald Lake garden as its neighbour, cradled by a 5km cycling track/jogging trail. Inspired by a rolling landscape, Citrine at The Lakeview is designed to capture the timeless beauty of nature within a well-thought infrastructure. Crafted to become a sustainable and eco-friendly landmark, natural lighting, air ventilation as well as rainwater harvesting systems are just a few green features embracing this integrated development. Situated within the city of Medini, Citrine at The Lakeview is crafted to showcase an awe-inspiring lifestyle within exquisite designs.

The Designer Offices take convenience and desirability to a new level combining lower floors of retail amenities and an annexed serviced residences. Right from its statement glassy façade to the incorporation of advanced infrastructure, every aspect has been meticulously set up that serves its purpose as a world-class working environment enveloped with eco-friendly and energy-savings features. The modular office suites are the perfect platforms for one’s business to excel, and are highly adaptable making them ideal for establishments of virtually any industry and any size.


Special Privileges like:

Direct Access of approximate 5km to Singapore 2nd link
Next to Sunway International School (ready by 2017)
Real Property Gain Tax Exemption
Special Medini Incentive Scheme
No Foreign Capping; Foreigners able to purchase at any price
Lakeview Lifestyle with scenic view of mangrove nature reserve, medini & sea


5km to Singapore Second Link via Coastal Highway Southern Link (CHSL)
5km to Pinewood Studio & Legoland Theme Park
8km to Puteri Harbour& EduCity
24km to Johor Bahru
35km to Senai International Airport
46km to Singapore’s CBD
66km to Changi International Airport
Future Accessibility

Ferry Service to Singapore & proposed MRT by 2018 to Singapore
Upcoming Coastal Highway Southern Link (CHSL) Sunway Iskandar to Second Link (Tuas Causeway) (completed by 2017)
Proposed LRT from Iskandar Malaysia to Johor Bahru (JB) city centre by 2020
Proposed High Speed Rail (HSR) from KL – JB – Singapore by 2020

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Lendlease to expand into Iskandar Malaysia with Retirement Villages

Lendlease intends to sell up to half of the retirement village business, which is said to be worth A$2 billion. Likely bidders are Singapore’s GIC and New Zealand’s infrastructure group HRL Morrison, according to The Australian Business Review. “We are looking to bring in co-investors and actively continue to grow the business,” says Lombardo. This will allow Lendlease to reinvest in new villages as well as refurbish and update the care facilities in the existing villages, he adds.

Besides looking to maintain its pole position in Australia, Lendlease has also set its sights farther afield. It is looking to expand the senior living village business to Shanghai, given China’s huge population base, says Lombardo. “When you look at China’s demographics, there will be more than 400 million people over the age of 65 by 2050, and they will require retirement villages to move into.” As such, Lendlease intends to be a first mover in the market.

Elsewhere in Asia, Lendlease sees Iskandar Malaysia as another ideal place for the development of retirement villages, owing to its lower land cost and operating costs, adds Lombardo. In addition, Iskandar Malaysia’s proximity to Singapore will be a plus for ageing Singapore citizens looking for affordable retirement villages, he says.

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HSR can power economic growth


Much has been said about how the anticipated high speed rail (HSR) from Kuala Lumpur to Singapore will slash travel time to as few as 90 minutes, thus expediting the rapid movement of people between the two countries.

However, this particular HSR project is much more than just a mere transportation project, even if its very basic premise is to shorten travel times.

Critics who rail against the project on the grounds that there is very little, if at all any, need for one to be whisked rapidly to and from Singapore, often miss the fact that there is now an opportunity to create entirely new townships around the seven stations on the Malaysian side – Bandar Malaysia (KL), Putra­jaya (and by extension, southern Selangor), Seremban, Ayer Keroh (Malacca), Muar, Batu Pahat and Iskandar Puteri (all in Johor).

HSR has the ability to compress geographical distances, and with that, change entirely how people live, work and play.

Imagine the ability to get to Seremban from KL in possibly no more than 25 minutes.

Love Malacca? A trip from Bandar Malaysia to Ayer Keroh can be made in approximately less than 40 minutes, which is even shorter than what some Klang Valley residents endure while driving to and from work every day.

And for Muar and Batu Pahat residents with jobs in Singapore, daily travel to work can be as short as approximately 45 minutes and 30 minutes, respectively.

This drastic shortening of travel times will open up many possibilities, some of which are unimaginable in the pre-HSR era, contends MyHSR Corporation Sdn Bhd, the Finance Ministry-owned entity tasked with managing the bilateral project.

Synergy is the key

“The HSR will enable the spreading of development out of the Klang Valley,” says MyHSR Corp CEO Mohd Nur Ismal Kamal.

“It will uplift the Gross Domestic Product (GDP) for the entire southern corridor, and the country’s as well. Not everything has to happen in KL anymore. This is similar to the idea behind the United Kingdom’s HS2 (high speed rail project) where they are trying to rebalance the economic growth by spreading development to central England, the Midlands.”

The Malaysian government wants to harness the agglomeration of resources and human capital from combining Kuala Lumpur with Singapore, along with six Malaysian cities.

“It is about being seen as an integrated market when multinationals and investors look at the area. Combining KL (six million people) with Singapore (five million) gives a population of around 11 million, which is a larger consumer market and talent pool compared to viewing the two cities separately. This is enabled by the fact that people can move freely from end to end in just 90 minutes,” says Mohd Nur.

“It is not about size nor ranking, but about being seen as an integrated market in many aspects, including GDP. When you bring cities closer together, they start acting like a large single entity. In this case, HSR is able to overcome physical distance by shortening travel times.

“The HSR will further enhance the GDP growth of intermediate cities such as Seremban, Ayer Keroh, Muar and Batu Pahat when managed properly in tandem with the availability of HSR.

“With the HSR operational in 2026, you could potentially have vibrant cities along the southern corridor all the way to Singapore,” he says.

Plans in place

MyHSR has been conducting extensive studies of HSR-related developments globally to find the right model for Malaysia.

It is cognisant of the fact that the mere presence of HSR in a town alone is no guarantee for success. In particular, it wants to emulate the examples found in Shin-Yokohama after the Tokyo-Osaka HSR started operations in 1964, as well Lille’s following the commencement of the London-Paris HSR service in 1993.

“Developments and activities around the stations have to be planned from the start,” says Mohd Nur.

In Shin-Yokohama, the development of the biotechnology and ICT industries happened with target policies and incentives driving the efforts. Combined with other enabling components of a city such as improved connectivity through public transport, the city saw an increase of 147% in the population and approximately 700,000 jobs created from 1966 to 2006.

To prevent sub-optimal developments from sprouting around HSR stops, MyHSR Corp is collaborating with public and private agencies to ensure that everyone is on the same page. Thankfully, all the states are clamouring for HSR, which is a good start, according to Mohd Nur.

“Besides the partnership with Economic Planning Unit, we are working with other federal government agencies, state authorities, statutory bodies, as well as private organisations and associations to ensure all the benefits arising from HSR will be realised.

“We are helping to set the direction of development. To spur the right kind of activity or industry, our plan will have incentives, the provision of basic infrastructure, and so on. All this requires federal intervention, and all parties have to work together to push this comprehensive agenda forward.

“In this regard, the conversation to create synergy has to cut across the entire corridor, rather than leaving them to grow on their own. We have to ensure complementary growth – this goes back to minimising overlapping, to allow each city to capitalise on their respective unique propositions,” says Mohd Nur.

Alignment of interests

The HSR can help to realise the aspirations in the 11th Malaysia Plan (2016-2020), the Economic Transformation Programme, the Government Transformation Prog­ramme, the respective State Struc­ture Plans, as well as Local Struc­ture Plans (Rancangan Struk­tur Tempatan).

“All these will be taken into consideration in our Strategic Deve­lopment Framework (SDF), which is premised upon the economy, inclusiveness, and sustainability pillars. There are efforts to ensure effective local participation, and there definitely has to be a spillover of benefits to locals in terms of jobs, transit oriented developments, and so on,” says Mohd Nur.

“MyHSR Corp has been actively doing many engagements over the entire year, going back as far as January. There were labs with the public and private sectors to test the viability of ideas and proposals,” he says.

Mohd Nur stresses that every­thing about HSR-related developments is never top down.

“This is not an independent plan crafted in a silo. It is about fulfilling earlier plans like the ETP and so on, and giving them a much needed boost.

“A lot of the components of the ETP are incorporated, with focus areas including healthcare, tourism, and financial services. It is about alignment of interests.

“The right (federal) incentives will be there to spur the desired kind of activities, and we are working with Mida, Matrade and Miti to come up with them,” says Mohd Nur.

He assures that there will be intense joint scrutiny of every development proposal to ensure they make economic and rational sense.

The big picture

For sure, the HSR project is capital intensive, even if MyHSR is in no position to reveal how much it expects the final cost will be as an international tender will be called soon.

“We should not merely look at the financial payback period. We are looking more at the economic rate of return, which is way more important,” says Mohd Nur.

Based on a study conducted in 2015, the wider spillover benefits from HSR is estimated in the region of RM21bil of GDP in 2060 with 111,000 jobs created. This is on top of the direct and indirect GDP impact in the region of an estimate RM29bil, as well as RM70bil in multiple benefits from the construction process.

“It is not just building a railway. It is about turning the southern corridor of the country into an economic powerhouse, which is all part of a grander plan to achieve the aspirations of the country by creating jobs and wealth so that we can be a high-income nation.

“There is a plan, and we are putting into place a mechanism to make the plan happen,” says Mohd Nur.
Read more at http://www.thestar.com.my/news/nation/2016/12/24/hsr-can-power-economic-growth-the-klsingapore-high-speed-rail-project-is-more-than-just-about-fast-t/#Q0IlEQ5yRiaYldCq.99

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Two highly anticipated Singapore condos to launch in Feb 2017

Following the Chinese New Year lull period, developers are gearing up to launch two private residential projects in Singapore. One of them is The Clement Canopy, the first condominium to be launched this year, with its showflat opening for preview this Saturday (11 February).

Jointly developed by UOL Group and SingLand, the 99-year leasehold development in Clementi Avenue 1 will comprise two 40-storey blocks of 505 condo units. Buyers can choose from two- to four-bedroom units ranging from 635 sq ft to 1,539 sq ft.

“We are riding on the positive market sentiment and launching The Clement Canopy with a unique approach of doing away with one-bedroom units. Instead, we have introduced a variety of two-bedroom apartments, which are affordably priced from $850,000,” said Liam Wee Sin, Deputy Group CEO at UOL.

In fact, 194 of the units (40 percent) are two-bedders sized from 635 sq ft to 732 sq ft, while prices of all the units range from $850,000 to over $1.62 million.

“Given its close proximity to NUS and the second CBD in Jurong, The Clement Canopy will appeal to both investors and owner-occupiers. For our initial launch, we are going out at an average price that ranges from $1,330 to $1,360 psf,” said Liam. The project is expected to be completed in 2020.

Located near the Clementi MRT station, the development will come with full condo facilities, including smart home features. The developers will also incorporate smart technology within the common areas and facilities, such as the tennis court and clubhouse.

Meanwhile, CEL Development, the property arm of Chip Eng Seng Corporation, will soft launch a 720-unit condominium in the east next weekend.

Dubbed Grandeur Park Residences, the 99-year leasehold development along New Upper Changi Road / Bedok South Avenue 3 will feature one- to five-bedroom units.

Located within walking distance from the Tanah Merah MRT station, the project boasts a three-generational (3G) gym that comes with state-of-the-art equipment. It is also one of the few condominiums to have Omnia gym equipment.

According to Raymond Chia, Executive Chairman and Group CEO of Chip Eng Seng Corporation, buyers will be “treated to a year’s worth of complimentary fitness and lifestyle classes and activities”.

In fact, the developer has teamed up with Amore Fitness to organise fitness classes, such as Zumba classes and Pilates sessions.

Scheduled for completion in 2021, unit prices at Grandeur Park Residences range from about $500,000 to over $1.4 million. In addition, there are two shops priced around $3,500 psf.

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5 Strongest Real Estate Markets in Asia-Pacific

2017 is going to be a big year for Bangalore real estate.

With a blossoming tech sector, the Indian megalopolis is the new champ in the latest City Investment Prospects survey released this week with the annual Emerging Trends in Real Estate Asia Pacific report by the Urban Land Institute and PricewaterhouseCoopers (PwC).

Bangalore switched its 12th-place ranking last year with former first-placer Tokyo. Sydney and Melbourne dropped from the second and third place, giving way to two Southeast Asian cities.

“This year’s Investment Prospects survey shows a strong shift away from last year’s favourites, which featured core markets in Japan and Australia,” KK So, Asia Pacific real estate tax leader at PwC, said. “Instead, it favors emerging-market destinations. It is also notable that several gateway cities are in the bottom half of the list – indicating their declining popularity.”

Here are the cities with the strongest property investment prospects next year:


1. Bangalore

Bangalore’s status as a magnet for business process outsourcing (BPO) and other IT industries has never been stronger. An overarching need to open call-in and research-and-development (R&D) centres underpins a huge demand for office space in the city, which also placed number one on the report’s Development Prospects index.


2. Mumbai

hile you shouldn’t expect “rising prices” in Mumbai’s residential market next year, as one survey respondent put it, the Indian metropolis is faring well in the office sector. High-grade assets are drawing strong demand and rental growth. Major road and rail infrastructure works, due for completion in 2019, will connect outlying areas to the city centre.


3. Manila

Like Bangalore, Manila is thriving on the strength of the BPO industry and showing “good growth” in office capital values and rents. Remittances from overseas Filipino workers (OFWs) continue to gush in strongly, although they are palpably hurting from decelerating economies in the Middle East, where many workers are based.

The market is also coming to a “very heated point in the property cycle,” as developers confront the issue of sourcing land in the populous city.

4. Ho Chi Minh City




Now “on the radar screen of nearly all the major investors in the region,” Vietnam and its largest city are benefiting from continued capital inflows from Japan, Singapore, and Hong Kong. There is a real risk of an oversupply in the condominium sector, but landed house purchases remain as popular as ever. Office rentals are now higher in HCMC than Bangkok.

5. Shenzhen




Shenzhen’s residential market is the fastest-growing in the world, rocketing more than 40 percent year-on-year in the first three-quarters of 2016, the researchers noted. Office rents have doubled their values in 2009.

The full ranking of cities with the best investment prospects for 2017:


  1. Bangalore
  2. Mumbai
  3. Manila
  4. Ho Chi Minh City
  5. Shenzhen
  6. Shanghai
  7. Jakarta
  8. Bangkok
  9. Sydney
  10. Guangzhou
  11. Beijing
  12. Tokyo
  13. New Delhi
  14. Auckland
  15. Osaka
  16. Melbourne
  17. Seoul
  18. Hong Kong
  19. Kuala Lumpur
  20. China–secondary cities
  21. Singapore
  22. Taipei
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Singapore Property Market is a falling knife like JB’s

While Singapore has long been South East Asia’s biggest success story (with property prices to match), the current climate poses another, less rosy picture.

With a declining economy and fears of a recession in the air, real estate values have hit new lows, and record numbers of agents are turning their backs on the business entirely. The downturn may seem sudden to some, but for those keeping a beady eye on things, this was to be expected.

“Singapore is at a crossroads at this point,” says Dan Toh, founder and CEO of consulting firm RunningStream International. “The country is facing new challenges that require it to innovate its way through the rise of ASEAN and a very different world economic landscape due to globalization.”

Singapore has achieved phenomenal economic progress over the last 50 years. However, as a country reliant on outside resources, its continued success depends on a great many factors outside its immediate control.

“The equalization of economies in ASEAN means that the neighboring countries are getting increasingly sophisticated. Infrastructural advantage is being eroded by the pervasiveness of the internet, and its geographical advantage by the progress of regional logistic capabilities,” Toh explains.

This is especially true in light of China’s effort to improve the region through rails, ports and shipping canals. Singapore will likely be collateral damage in the process.

While in the real estate world, cooling measures may have effectively moderated price growth, the overall declining economy poses a much greater risk. Singapore is seeing a drastic fall in transactions and rental demand as the country becomes less attractive both in terms of costs and infrastructural advantages for business. Fewer jobs and fewer foreigners equate to less overall demand, especially in the luxury segment.

“Increasing unemployment and a weak rental market means that now is not the best time to be investment hunting in Singapore,” Toh says. “That said, Singapore will remain a key player in ASEAN and will continue to serve as a base for many businesses. The property market will certainly not crash.”

If one has to buy now, Toh suggests bargain hunting in prime zones, citing Districts 1, 2, 6, 9, 10 and 11 as districts to watch, whereas River Valley, Newton, Tanglin, Upper Bukit Timah are all pretty exposed to the mid tier foreigners and thus hold significant market risks.

A good bargain, he explains, would be in the area of 20 percent discount. “Naturally, finding such deals will not be easy. But weak rental conditions and potential weakening of the SGD alongside rising interest rates may motivate foreign owners to seek an exit. Locals will hold out better.”

In terms of the kind of properties investors should consider, two bedrooms allows for the best growth potential and balanced yield, Toh advises. Buyers should only consider buying now if they are wanting to live in – buying a rental property would not be wise given the current outlook.

“Investors should not try to catch a falling knife”

Ideally though, investors would be well advised to wait a couple of years, and late 2017 and early 2018 is when Toh predicts the country’s fortunes may start to change.

“Currently, Singapore prices have escalated to a point where it is non viable,” he says. “Given the current economic challenges I suspect the government will be happy to let the prices fall to increase the country’s competitiveness, and unless business conditions improve, I wouldn’t see the motivation to let prices rise again just yet.”

For this to happen, Singapore will need to reinvent itself and find a new catalyst for growth. At this point, Toh says, this still seems a little distance away, however, he is confident that Singapore’s star will soon rise again.

“The country’s track record should inspire some amount of investor confidence. Singapore will remain a key market, but for its property to boom again we will need to see some major new directions. Only when that happens would I be keen to call a property bull market.

“In other words, investors should not try to catch a falling knife, and instead wait for signs of new upward economic momentum.”

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