By The Star
With dark skies looming in the horizon, rain seemed imminent yet the feng shui practitioners were determined to go on with their site audit.
Armed with their notes and luopan, the 30 practitioners - all students of Feng Shui Mastery programme conducted by feng shui consultant and best-selling author Joey Yap - pressed on with the final part of their programme.
The students came form all over the world, including Poland, South Africa and Singapore, and were given about an hour to survey the landscape before returning to present their findings to Yap.
The site audit was conducted at the construction site of the semi-detached Villa Green 3A fairway villas in Damansara Indah.
The 86 units are being built on 4.05 hectares (10 acres) of land by Damansara Impian Sdn Bhd, a joint venture company between the Dijaya Group and PKNS.
Each fairway villa consists of eight rooms and bathrooms housed within three storeys and a built-up area of 540 sq m (6,000 sq ft).
According to Yap, the case study was a vital part of the programme, as external feng shui is more important than internal feng shui.
"Knowing the land contour and formation is very important in feng shui, because the feng shui within the home should be tapped to the external," said Yap.
"I always say, don't sweat the small stuff. If you get the big things right, then you don't have to worry so much about the small things; if the feng shui within is tapped to the external, then you can do anything you want inside the house."
In spite of the blazing sun which came out immediately after the rain, the students went on doggedly with their task, and were seen discussing their findings in groups.
"It's not easy, but I am very interested in feng shui and have been doing it on a part-time basis," said Sonice Chau from Singapore.
"This is our graduating class, and I am determined to succeed."
AMANAHRAYA real estate investment trust (AR-REIT) has been reaffirmed with a corporate credit rating of BBB-/Stable- by Standard & Poor's (S&P) following the authorities' approval of the second injection of five properties.
AR-REIT, which has an initial asset size of RM336 million, will become the country's second largest REIT with an asset size of RM641 million, upon the completion of the second injection.
According to S&P, the stable outlook on AR-REIT is attributable to among others, the robust rental income, its long lease maturity profile, high level of tenant security deposits, and above-average asset quality with minimal capital expenditure requirements.
"S&P factors in the Malaysian government's support and equity stake in AR-REIT, and the REIT's close links with Kumpulan Wang Bersama (KWB) - a RM6.6 billion common fund guaranteed by the Malaysian government.
"KWB has a stringent selection criteria for its property investments and currently owns 13 properties, of which seven are qualified to be injected into AR-REIT. KWB will continue to have 20 per cent of its total fund in property assets as this is one of its guidelines.
"This means that AR-REIT will have a ready pool of properties to acquire from KWB to ensure that its portfolio consists of above-average quality real estate with a sustainable income stream," S&P said in its report.
Upon completion of its second injection, AR-REIT will be made up of 13 properties from diversified sectors.
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