GREDAC: The First Global Real Estate Conference in Malaysia

GREDAC: The First Global Real Estate Conference in Malaysia

Join GREDAC Conference Now

14-15 April, 2016, Kuala Lumpur

The First Global Real Estate Developers and Agents Conference in Malaysia

About GREDAC Conference

GREDAC 2016 is an international real estate conference, focused on the South East Asia region. The conference is focused on building new partnerships, sharing market outlooks in the current economic situations, discovering new up-and-coming world-class projects through a dedicated programme.It gives special attention to the evolving role of technology in the property market.The Conference will be held in Malaysia for the very first time. This event will span across 2 days and host real estate developers and agents from Singapore, Thailand, Indonesia, Philippines, Cambodia, Vietnam, China, Hong Kong, Taiwan, Japan, South Africa and also Australia.

Come, participate and meet your new venturing partners in real estate!

Why should you attend the conference?

With a GREDAC Ticket You Get

Reach networking opportunities

Share thoughts and ideas, engage in a conversation with like-minded people during coffee sessions and networking lunches.

Access to 40 real estate agencies

Meet 40 fastest growing real estate agencies all in one room. Watch their presentations to identify new opportunities and potential partners for your business.

Top-Tier Keynotes

Share thoughts and ideas, engage in a conversation with like-minded people during coffee sessions and networking lunches.

Industry Exhibition

Get to know the up and coming and established industry players who are looking for your attention.

Business Matching Session

Present your business, meet the right people and find a perfect match for you needs during this an effectively structured session.

Welcome reception and Gala dinner

Strengthen your connection over a light refreshment and celebrate success with your new partners during the gala dinner.

Fill The Form To Get your ticket Now

What to expect?

Day one is a get to know. Walk around the booth exhibition to meet real estate agency and businesses, enabling property industry. Break the ice at the coffee networking session and meet new potential business partners, enjoy a lunch, while discussing new opportunities. Head to the agency presentation to get to know 40 fastest growing agencies all in one room. Finish the day at the GREDAC welcome resection, celebrating new connections.

Day 2 we will dive deeper into discussing hot topics in the regional property agenda with high-notch speakers from 6 different countries. Learn from their experience during presentations and roundtable discussions. Participate in the business matchmaking session, sealing the deals with your new found partners and business supporters. Celebrate the success with 400 participants at the gala dinner!

 Dr. Wong Jeh Shyan

GREDAC Moderator,
Dr. Wong Jeh Shyan

Industry Insights from Experts

Aaron Huang

Aaron Huang

Columnist, Taiwan

Topic: ”Invest in ASEAN”

Agnes Wong

Agnes Wong

Managing Partner at Syarikat Ong Group of Companies

Topic: “How Taxes Affects Your Property Investment Behaviour

Colin Tan

Colin Tan

Founder of Colin Tan Group of Companies

Topic: ”Discovering Real Estate Hotspots in the Middle of an Economic Winter”

Dato’ Seri Matthew Yeoh

Dato’ Seri Matthew Yeoh

Founding Partner and Consultant at Yeoh Mazlina & Partners

Topic: ”ASEAN Property Market Outlook”

Dr. Daniele Gambero

Dr. Daniele Gambero

CEO and Co-Founder of Firm REI Group of Companies

Gala Dinner Speaker

Elizabeth Siew

Elizabeth Siew

Managing Partner at Messrs Iqbal Hakim, Sia & Voo

Topic: “Smart Property Investors Know The Law in Government and Local Authorities Know-how”

Neil Foo

Neil Foo

CEO and Secretariat for the Advancement of Malaysian Entrepreneurs (SAME)

Topic: “Awareness alternative financing made available by Venture Capital Firms”

Norhizam Abdul Kadir

Norhizam Abdul Kadir

Vice President of Infotech & IoT Division at MDeC

Topic: ”Emergence of Property-Tech and How It Has Changed The Landscape of Global Property Business”

Ken Urata

Ken Urata

CEO at FP Communications, Inc

Topic:”The latest trends of Japanese investors and the Japanese market”

Janette Toral

Janette Toral

Owner Digital Filipino

Topic: ”Trends in Digital Lead Generation for Real Estate Professionals”

Join 400 real estate professionals at GREDAC 2016

The Venue

Sunway Pyramid Convention Centre,
Lot No LL2.1lppp37, Lower Level 2 Sunway Pyramid Phase 2,
46510 Jaya, Selangor Darul Ehsan, Bandar Sunway, 47500 Subang Jaya, Selangor, Malaysia.

Contact Organisers

Name: Melvin Ooi
Email: [email protected]

Name: Carine Hew
Email: [email protected]

Name: Melanie Wong
Email: [email protected]

Contact No:
+603-93680019 /+603-93680020
(Monday till Friday, 9:00AM–6:00PM)

General Inquiry: [email protected]

Think Savings Intelligently

Think Savings Intelligently

Buying a car – It’s not just the instalments.

Vehicle purchase by financing is the reality of car ownership for most Malaysians. As a result, many consumers think of vehicle ownership cost purely on the basis of monthly instalments whereas the reality is that owning a car incurs many hidden costs that are not always printed on brochures.

Statistics from Malaysia’s Department of Insolvency released in January show that between 2007 and 2014, vehicle hire purchase was the leading cause of bankruptcy among Malaysians. During that period, 39,082 Malaysians went broke because of their cars, accounting for over a quarter of total bankruptcy cases in the country. It is therefore very important that you work out whether that dream car you are lusting after is genuinely within your financial means.

The price you pay for having a car to call your own starts with the downpayment and monthly instalments, but extends to include road tax, insurance, periodic maintenance, fuel consumption, and unscheduled repairs.

Whilst costs due to accidents and breakdowns cannot be legislated for, most other expenses related to vehicle ownership can be accurately scheduled or at the very least estimated. A savvy consumer takes all these factors into account when working out a vehicle’s overall cost of ownership.Depreciation is a major cost factor to take into account, but that is arguably more valid for buyers with

Depreciation is a major cost factor to take into account, but that is arguably more valid for buyers with intention of selling their vehicles before the end of their financial tenure. Although unpredictable by nature, educated guesses of a vehicle’s depreciation can be estimated by looking at examples of the same model available in the used car market. You ideally do not want a car that loses its value faster than you can repay your bank loan!

Another cost item hiding behind your monthly instalment is the bank’s interest. A car costing RM100,000, for example, has the potential of racking up over RM22,000 of interest over a period of seven years if financed at a rate of 3.5 percent per annum. Certain car makes offer zero instalment packages for the first six months to one year of ownership which can help alleviate this particular cost. If your cash flow allows it, consider a shorter financing tenure to reduce your interest payments.

Insurance and road tax are the next constants in your vehicle ownership costing, although in the case of insurance, your premium decreases with the car’s insured value and no claims discount (NCD) if you have any. Road tax is calculated against engine capacity; this situation favours modern downsized turbocharged engines that require you to pay the road tax of a smaller engine whilst enjoying the power of a larger one.

Volkswagen’s 1.2 and 1.4 TSI engines, for example, pay annual road tax of RM55.00 and RM75.00 respectively whilst producing performance equivalent to many engines that pay between RM280.00 and RM700.00 per year. Over a typical ownership span of five to seven years, this translates to savings measured in the thousands.

Smaller engines are also by nature more fuel efficient. Thanks also to the usage of advanced combustion technology, the 1.4 TSI engine installed in a Volkswagen Jetta with 160PS is capable of matching a typical 1.5-litre Japanese B-segment sedan for fuel economy whilst offering far superior performance.

Periodic maintenance is another very relevant component in the overall cost of maintaining a vehicle. In addition to incurring monetary expense, maintenance also consumes time. Cars with longer service intervals typically incur higher servicing costs at each visit to the service centre, but the flip side is the advantage of reduced vehicle downtime, meaning less time at workshops and more time for your more fruitful pursuits. In fact, cars that require fewer visits to the workshop might cost even less to maintain, as labour cost is reduced due to fewer workshop man-hours being spent on the vehicle. Authorized service centres typically apply standardized pricing on regular servicing jobs involving changing fluids and swapping of wear and tear parts.

When maintaining or repairing your vehicle, it is always worthwhile to invest in original parts for added peace of mind. Original parts are designed and made with quality optimized for the vehicle to perform as intended by the manufacturer. Bear in mind that a car is a complex network of interconnected electrical, electronic, and mechanical systems. One inferior part in that whole chain can potentially generate knock-on effects that manifest into frightening repair bills further down the road.

If possible, it is a good idea to survey and get to know prices of key spare parts of the vehicle you are planning to buy. Whilst there is no realistic way to accurately budget for every repair of the vehicle throughout the course of your ownership, it pays to have an idea on how much you will potentially need to pay for wear and tear or accident repair items such as brake pads, timing belts, bumpers, light clusters, and others. It also is best not to rely on hearsay when it comes to estimating potential repair costs; some supposedly expensive brands are relatively affordable to maintain.

Owning a car is expensive business and requires continuous expense at various areas. The smart buyer takes all these areas into account when considering the affordability of a vehicle, thus making an informed and well-considered purchasing decision. Your car is the second biggest purchasing decision after your house; it pays to choose wisely.

Volkswagen Malaysia Kicks Off 2016 with Trade-In Programme

KUALA LUMPUR, 5 January, 2016 – From now till 31 January, Volkswagen Malaysia will be running a trade-in programme for all existing owners where they can trade in their cars at a pre-determined value in exchange for rebates off their next Volkswagen vehicle.All car models regardless of the manufactured year is acceptable and is subject to prior inspection by authorized Volkswagen dealers. The trade–in amount is fixed and is set across all Volkswagen models for traded in during this campaign.

For more information on this trade- in programme, visit your nearest Volkswagen showroom to find out more.

Malaysian insurance industry enters period of innovation

Malaysian insurance industry enters period of innovation

The Malaysian insurance industry is now entering a period of innovation. Exciting times are ahead, says Zurich Insurance Malaysia Bhd (ZIMB) CEO Philip Smith.

Smith says each insurance market has to strike a balance between control and freedom to innovate. Malaysian regulators are loosening controls, encouraging innovation.

“Therefore, we will see more innovation and experimentation in the areas of product structure, pricing, distribution channels and online capability over the coming years. These will be exciting times for the industry.”

ZIMB itself has recently introduced several first-of-its-kind offerings into the market, such as no-claims bonus with Zurich Omni Health, and all-in-one insurance solution for the SMEs, Optimuz.

“Two themes are evident in our new product designs. Firstly, prevention is better than cure. We encourage people to lead healthy lives rather than just provide them with insurance cover only when/if things go wrong,” says Smith.

The same theme runs in ZIMB’s Road Safety Week, where it educates people to be safer road users.

“Is it better to drive more safely and avoid the accident than have Zurich fix your car after you have caused an accident?”

Similarly in Indonesia, Zurich is educating people to reduce the risks of flooding rather than to suffer from floods and then make claims against the insurers. Being better prepared also leads to cheaper premiums, he adds.

“The theme of Optimuz is that today’s consumers are very familiar with intuitive easy-to-use technology, instant answers, and the ability to tailor and modify goods and services to their own taste. Optimuz seeks to embrace all of these in a package to help SMEs select their covers quickly, efficiently and without waste,” says Smith.

According to Malaysian Insurance Institute (MII), the combined life insurance and family takaful penetration rate in Malaysia is only 56% as at end-2014. The government aims to have at least 75% of Malaysian insured by 2020. This offers tremendous opportunities for insurers.

“The penetration rate is not uniform across the country. Zurich, as a result of its heritage, has a much broader based customer and distribution footprint than many of its competitors whose business is more focused in the major metropolitan area around the Klang Valley. This is a major opportunity for us,” explains Smith.

ZIMB is cognisant that as new generations emerge, buying preferences will change too. While not many insurance policies are today bought directly online without face-to-face interaction, much research is done by customers using online tools and facilities. “By ensuring that our delivery mechanisms are aligned with how emerging generations wish to buy their insurance, we can start to tap areas of the market currently underinsured,” Smith says.

“To raise the penetration rate – and I don’t believe it has changed much from the [end-2014] figure – the industry will also have to look at using low-cost delivery mechanisms which can support the low-premium policies that an increase in penetration will require,” Smith says.

Smith reckons ZIMB commands some 3%-3.5% of the Malaysian life and general insurance market but is quick to point out that this figure can be misleading as it does not participate in all segments of the market.

“Our group CEO last year said he expects us to grow our business to double its size then over the medium term. This is an ambitious target, as I’m sure that many of our key competitors have similar ambitions and not everybody can grow faster than the market,” says Smith.

Adding a takaful arm would certainly boost ZIMB’s growth substantially. In June last year, Zurich announced that it has started preliminary negotiations with MAA Group Bhd to acquire the latter’s 75% stake in MAA Takaful Bhd. When asked about it, Smith said “we have nothing to add to the previous public statements made on this matter in June 2015.”

Meanwhile, ZIMB’s brand-building initiatives – part of Zurich’s global communications campaign themed “For those who truly love” – are bearing fruit. “We are very pleased with the response from the campaign and people are now really starting to recognise the Zurich brand and what it stands for,” says Smith.

“The campaign ‘humanises’ what can sometimes be a very ‘dry’ industry. To stand out in the insurance sector, we need to create an emotional bond… this new direction in advertising will help achieve that,” shares Smith.

In line with its brand campaign, ZIMB’s charity focus for this year’s Global Community Week (GCW) was driven by #TrueLoveForOurChildren. The GCW is held in the first week of each June (since 2012), where more than 55,000 Zurich employees across the globe concurrently engage in hands-on activities that make a positive difference within their local communities.

#ProtectTrueLove

The second wave of ZIMB’s brand campaign, driven by its #ProtectTrueLove initiative, runs between October 2015 and February 2016. It features three key activities – a #ProtectTrueLove structure prominently displayed in Bukit Bintang where Malaysians can have their own customised locks with their names engraved and locked on the structure, a #ProtectTrueLove contest (16 November – 6 December), and a series of roadshow (see #ProtectTrueLove contest microsite, www.protecttruelove.com for more information).

Eat Right to Play Right

On 8 December, ZIMB launched the ‘Eat Right to Play Right’ community programme in partnership with One Goal in Malaysia, a movement initiated by the Asian Football Confederation (AFC), World Vision International (WVI) and the Football Association of Malaysia (FAM) to combat child malnutrition in Malaysia. The four-year integrated programme leverages on football to educate children on the importance of nutrition and leading a healthy lifestyle as well as to instil self-discipline and sportsmanship. ZIMB will contribute RM1 mil per year to develop and co-execute the programme as part of its long-term CSR effort driven by its #TrueLoveForOurChildren initiative.

Thinking of Migrating to Australia? Let’s Talk!

Thinking of Migrating to Australia? Let’s Talk!

Thinking of Migrating to Australia?

Thinking of Studying, Working & Living In Australia?

Let's Talk!

2 FREE seminars by deTouche Migration Advisory

Seminar 1

Thinking of Studying, Working & Living In Australia? – Let’s Talk

Who should attend?

  1. Parents wanting to send their children to study in boarding schools, private schools or public schools in Australia – Primary or Secondary School Level
  2. Parents with college going children
  3. Students planning to study, work & live in Australia
  4. Certificate / Diploma holders attending vocational courses in local colleges

What to expect?

  • Study Opportunities In Australia
  • Work Opportunities In Australia
  • Post Study Options
  • Visa Options

Seminar 2

Migration to Australia

Who should attend?

  1. Businessmen and Professionals seeking to migrate to Australia.
  2. Investors seeking an Australian Permanent Residency Visa
  3. Holders of Vocational Qualifications seeking an Australian Permanent Residency Visa on General Skill Migration.

What to expect?

  • Overview of the migration process
  • Type of visas available
  • General Skill Migration
  • Business & Investment Migration
  • Effective Migration Strategies
  • Migration Process

Speaker

Alex Lee
Malaysia Representative

Immigration Law Matters
website: www.ilmaustralia.com

Access Australia Migration & Visa Services
website: www.aamvs.com.au

Australian Visa Focus
website: www.australianvisafocus.com.au

*The seminar is free to attend

Interested individuals who are not able to attend the event may email to [email protected] or sms and WhatApps to 0133661188 for a consultation appointment

Venue

Subang Jaya

Sunday,12th June 2016,

Seminar 1: 2.30pm – 4.00pm
Seminar 2: 4.30pm – 6.00pm

Function Room: Throne 1
(Lobby), Empire Hotel Subang

Jalan SS 16/1, Subang Jaya, Selangor

Topic:

  1. Study, Work & Live In Australia
  2. Migration To Australia – Visa Options For Permanent Residency

Don't miss out on this great opportunity!

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Hassle-free coverage

Hassle-free coverage

Hassle-free coverage

U for Life brings you the future of life insurance

Awareness could be singled out as the main factor that contributes to the large number of the underinsured Malaysian population.

Other factors such as unaffordable monthly premium rates, changes in household income and the not so straight-forward policies could be overcome should awareness is in place.

Life insurance is vital in providing financial protection to you and your loved ones. However, it is not generally accepted as one of the key components in a personal financial plan. With the proper and sufficient awareness created, everybody can truly understand what life insurance meant to us and the value with security that it can bring to us.

The lack of awareness has resulted in the younger generation – those between the age of 18 and 30 – not well prepared for uncertainties. “Own an insurance policy while you are young and healthy, not when you need it.” For many, life insurance is only considered as an option once they are married, have started a family or have dependants. More often than not, the notion of financial planning is virtually absent from the master plan of even the most ambitious of the lot until they have a family of their own.

Of course, in the worst case, it is not even being considered. Many feel that they have the financial security they need in the form of their Employees Provident Fund (EPF) savings to cover for whatever debts or expenses they may leave behind when they are no longer around, although it does not hold true.

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Life on a budget doesn't need to come to this. With U For Life's affordable life insurance plans, you'll get life coverage from just RM9.85* a month! Find out more at www.uforlife.com.my. *Terms & Conditions apply.

Posted by U For Life on Sunday, 27 September 2015

EPF is not enough

Contrary to popular belief, the EPF savings alone is not sufficient to provide financial security especially when you have those who depend on you financially . Based on the figures released by EPF’s chief executive officer earlier this year, almost 80% of workers who will be 55 this year will not have enough EPF savings to live above the poverty line. That being said, having other means of financial protection for your family such as life insurance comes highly recommended.

The Protection Gap Study carried out by University Kebangsaan Malaysia and LIAM in 2013 found that there is still a huge protection gap that ranges from RM100,000 to RM150,000 for families with life insurance.

Based on the figure, LIAM suggested the need to develop insurance products to suit the needs of customers as well as to introduce new delivery channels in order to reach out to more of the uninsured or underinsured population.

Accessibility and options

Delivery channel translates to accessibility that comes with more options. This brings us to the future of life insurance introduced by U for Life for the Malaysian masses. It delivers affordable basic coverage needs by stripping life insurance to the very core, which is life protection.

U for Life Sdn Bhd, a registered Malaysia corporate agent of Tokio Marine Life Insurance Malaysia Bhd, brings in hassle-free life insurance coverage via its online offerings. U for Life offers simple, very affordable and instant purchase of life insurance products.

With the consideration and understanding of the need and preference for simple and affordable life insurance protection in Malaysia, U for Life take a step forward to the next level by making it into a simple and instant online process.

The online system reduces the time needed for the process on normal policy approval, in a way saving time, avoiding unnecessary expenses and not the least more environmental friendly. A customer could now purchase a life insurance policy anytime, anywhere in less than 10 minutes in the presence of internet connection.

This efficient paperless process is made possible through its partnership with a technology firm that has set up similar systems in New Zealand, USA, South Africa and China.

To illustrate the affordability of this life insurance coverage by U for Life, the monthly premium for a 25-year-old female who is a non-smoker is as low as RM9.85 per month for a coverage of RM100,000.

Convenient and secure

U for Life website provides the necessary information for customers to decide on the policy. The most helpful feature for prospective customers is the tool that allows for an instant quote of life insurance coverage. There is also an online chat should you ever require an assistance while on the website.

U for Life’s product are underwritten by Tokio Marine Life Insurance Malaysia Bhd., a member of Tokio Marine Group. Tokio Marine Group is one of the oldest and largest non-life insurance groups in Japan.

Get FREE online quote now!