<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 7): Pan Malaysia Corp Bhd is disposing of a 24,295 sq metre piece of leasehold land with buildings in Section 16, Shah Alam, for RM41 million.</p></div>

<div class=newsTextDataWrapInner><p>The chocolate and confectionery products group said it is selling the land, along with a single-storey warehouse and three-storey office building, to trading and freight transport firm Amazing Blitz Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Pan Malaysia, which acquired a 51% stake in fast food chain operator A&amp;W Malaysia Sdn Bhd in March, expects to record a net gain of RM20.33 million from the sale of the property.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The bulk or RM38.21 million of the gross proceeds from the disposal will be used for general working capital purposes, the group said in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>Tan Sri Khoo Kay Peng is a controlling shareholder of Pan Malaysia, with an indirect interest of 61.07% as on Oct 3, according to the group's 2022 annual report.</p></div>

<div class=newsTextDataWrapInner><p>Malayan United Industries Bhd is its ultimate holding company, with a direct interest of 25.28% and an indirect interest of 35.79%.</p></div>

<div class=newsTextDataWrapInner><p>Pan Malaysia’s share price closed up 0.5 sen or 2.94% at 17.5 sen, giving the group a market capitalisation of RM135 million.</p></div>


Pan Malaysia Corp Bhd is disposing of a 24,295 sq metre piece of leasehold land with buildings in Section 16, Shah Alam, for RM41 million.

The chocolate and confectionery products group said it is selling the land, along with a single-storey warehouse and three-storey office building, to trading and freight transport firm Amazing Blitz Sdn Bhd.

Pan Malaysia to sell property in Shah Alam for RM41m  

Note from the publisher: Raising the bar for real estate excellence

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.

TEPEA commentary: Malaysia’s best of the best

After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.

Top Property Developers Awards judges’ comments

The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.

The Edge Malaysia-PAM Green Excellence Award 2024 Judges - Judges’ citation

When Covid-19 struck in late 2019 and early 2020, the local building and construction industry was in a quandary, grappling with the rising cost of doing business and burdened by escalating land and construction material prices. Buyers were increasingly cautious and affordability a major issue. Developers were also pressured by high unsold inventories.

The Edge Malaysia-PEPS Value Creation Excellence Award 2024 Judges - Judges’ citation

The Edge Malaysia Affordable Urban Housing Excellence Award was launched 10 years ago to recognise outstanding, affordably priced urban homes. Through the award, we are encouraging developers to build outside the box.

The Edge Malaysia Affordable Urban Housing Excellence Award 2024 Judges - Judges’ citation

The Edge Malaysia Property Excellence Awards, introduced in 2010, initially comprised anchor award The Edge Malaysia Top Property Developers Awards, and two other sub-awards, namely The Edge Malaysia-PEPS Value Creation Excellence Award and The Edge Malaysia-PAM Green Excellence Award. They were subsequently expanded to include The Edge Malaysia Affordable Urban Housing Excellence Award, The Edge Malaysia Outstanding Contribution to the Real Estate Industry Award, The Edge Malaysia Outstanding Property CEO Award, The Edge Malaysia Outstanding Property Entrepreneur Award, The Edge Malaysia Outstanding Overseas Project Award and The Edge Malaysia Property Development Excellence Award.

Other awards

The Edge Malaysia Property Excellence Awards (TEPEA) recognises and celebrates the collective success of developers and their contribution to providing a roof over our heads — as a home, workplace and community space.

Crafting the TEPEA commemorative plate

The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.

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<p>From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.</p>


<p>Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.</p>


<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left)  writer Priya Devan, senior editor E Jacqui Chan, ...

<p>The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.</p>


<p>After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.</p>


<p>The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.</p>


<p>Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has been on the up and up since 2022, during which it posted record sales, revenue and earnings of RM4 billion, RM2.7 billion and RM342 million respectively for the financial year ended July 31, 2022. That same year, it rolled out its overseas expansion plans along with an annual property sales target of RM8 billion by 2028.</p>


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<p>Giving back to his hometown was always a goal for Sunway Group founder and chairman Tan Sri Jeffrey Cheah, who is from a small town called Pusing in Perak. When he stumbled upon a former mining site in Ipoh in 1995, Cheah immediately envisioned creating something extraordinary out of the wasteland.</p>


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Creating well designed homes banking on nature

<p>The Edge Malaysia Property Excellence Awards (TEPEA) recognises and celebrates the collective success of developers and their contribution to providing a roof over our heads — as a home, workplace and community space.</p>


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Serene and tranquil living

<p>The Edge Malaysia Property Excellence Awards, introduced in 2010, initially comprised anchor award The Edge Malaysia Top Property Developers Awards, and two other sub-awards, namely The Edge Malaysia-PEPS Value Creation Excellence Award and The Edge Malaysia-PAM Green Excellence Award. They were subsequently expanded to include The Edge Malaysia Affordable Urban Housing Excellence Award, The Edge Malaysia Outstanding Contribution to the Real Estate Industry Award, The Edge Malaysia Outstanding Property CEO Award, The Edge Malaysia Outstanding Property Entrepreneur Award, The Edge Malaysia Outstanding Overseas Project Award and The Edge Malaysia Property Development Excellence Award.</p>


<p>Standing at the end of Jalan Rotan in Kampung Attap in Kuala Lumpur is The Zhongshan Building, a restored four-storey whitewashed 1950s structure that has become a creative haven for the arts community.</p>
