It is important for property managers of luxury developments to have the “luxury mentality”, according to Pavilion Suites Kuala Lumpur (PSKL) treasurer Datuk Angie Ng. “Residents of luxury condominiums won’t look at the technical things you are doing, they just look at the outcome. For them, the sense of anticipation when going home is important and the property manager needs to deliver that. It is not just about the landscape, it is the feeling and that’s what they need to deliver.”

Luxury mindset is key

With the entry of new properties in its vicinity, the management corporation (MC) of Panorama KLCC knows the importance of good and quality building upkeep to ensure the condominium continues to appeal to potential homebuyers and tenants.

Responsiveness, proactivity key to quality building maintenance

It is not easy being in a competitive market, but the operator of KL East Mall (KLEM) is up to the task. It is focusing on strategies that will keep the mall — located a stone’s throw from the Wangsa Maju Fire and Rescue Station and the new Terminal Bersepadu Gombak in the eastern part of Kuala Lumpur — relevant and attractive to a wide clientele.

Staying relevant in a resilient urban consumer market

Proper financial planning for building improvements is essential to ensuring quality building management, says Cendana KLCC management corporation (MC) chairman Darayus Happy Minwalla.

Proper financial planning is crucial

It is a challenge to manage and maintain an old office building, especially post-pandemic where flexible working arrangements have become the trend and with the growing emphasis on green features. Nevertheless, AmREIT Managers Sdn Bhd, the manager of AmFIRST Real Estate Investment Trust, is unfazed in the case of Menara AmBank on Jalan Yap Kwan Seng.

Unfazed by challenges

It is hard to miss the Merdeka 118 tower, the world’s second tallest building. Standing at 678.9m tall, it is part of the 40-acre Merdeka 118 precinct. The skyscraper was inaugurated by the previous Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah on Jan 10 this year.<...

Designworks: More than just a commercial tower

Penang’s residential property market was flat in the first quarter of 2024 as it is typically less active after the year-end holidays, says Saleha Yusoff, executive director and regional head of research and consulting at Nawawi Tie Leung Property Consultants Sdn Bhd (NTL), in presenting The Edge...

Nawawi Tie Leung Property Consultants Sdn Bhd (NTL), in presenting The Edge Malaysia | Nawawi Tie Leung Property Consultants Penang Housing Property Monitor 1Q2024: Penang’s residential property market shows lacklustre performance in 1Q2024

The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA) is the first of its kind, recognising real estate that is sustainable and managed with excellence.

The awards aim to raise the bar on property management practices and sustainable real estate in Malaysia by benchma...

Nippon Paint partners The Edge Malaysia for BMSPA 2024

Along the unassuming street of Jalan SS21/34 in Damansara Utama, Selangor is a row of 2-storey shopoffices. They are easy to miss, nestled among 2-storey terraced houses.

These 14 shopoffices have their own charm that is different from that of the busy commercial area of Damansara Uptow...

Streetscapes: Prospects of mature commercial street in Damansara Utama remain stable

SkyWorld Development Bhd (KL:SKYWLD) has been busy churning out strategies to grow the company since it was listed on Bursa Malaysia last July. In his first corporate interview since the listing, CEO Lee Chee Seng says the listing marks the beginning of a new chapter for the company, and growth s...

Cover Story: Strategies to grow market capitalisation

Japan's core consumer inflation accelerated for the fourth straight month in August and tracked comfortably above the central bank's 2% target, data showed on Friday, keeping alive expectations for further interest rate hikes.

Japan's core inflation accelerates for fourth month in August

Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems incorporating artificial intelligence, the U.S. Federal Trade Commission said in a report released on Thursday.

Social media users lack control over data used by AI, US FTC says

Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak.

Southeast Asia expected to boost coal trade as China approaches peak

Thailand’s baht is on course for its biggest quarterly gain since the Asian financial crisis, threatening to derail a recovery in the nation’s key tourism and export industries.

Baht’s biggest rally since 1998 threatens Thailand’s tourism, exports

Asia was set to extend a rally that pushed global stocks to fresh highs as jobs data supported the view the Federal Reserve can engineer a soft landing for the US economy. The yen was steady as traders prepare for inflation data and an interest rate decision in Japan.

Asian markets set to extend rally as global stocks soar to new highs

Wall Street traders betting the Federal Reserve will be able to engineer a soft landing spurred a rally in riskier corners of the market, with stocks hitting all-time highs.

S&P 500 hits record high buoyed by economic hopes

Pengurusan Air Selangor Sdn Bhd (Air Selangor) is exploring the use of advanced water treatment technologies through artificial intelligence (AI) to monitor, predict and detect the quality of raw water from Selangor’s rivers before it is treated at the state’s 34 water treatment plants.

Air Selangor looking into AI solutions to better manage water pollution

Wheat fell as weak demand and improving weather in the US overshadowed an outsized interest-rate cut from the Federal Reserve.
 
Futures in Chicago dipped as much as 1.8%, extending losses this week amid weaker exports for European Union soft wheat and better conditions for US winter wheat planting.

Wheat drops as weak demand, better US weather outweigh Fed cut

Europe's incoming antitrust chief Teresa Ribera plans to loosen the bloc's competition rules to strengthen European industries and speed up regulatory scrutiny of merger deals, according to an interview in Spanish newspaper El Pais on Thursday.

Incoming EU antitrust chief Ribera plans to ease antitrust rules, says El Pais

Treasury Secretary Janet Yellen said that the Federal Reserve’s interest-rate cut Wednesday was “a very positive sign for where the US economy is,” reflecting progress in bringing down inflation and a determination to protect the job market.

Yellen says US Fed cut ‘positive sign,’ policy still restrictive

The 50-basis-point (bps) policy rate cut by the US Federal Reserve early on Wednesday is expected to stimulate domestic consumption in the US and keep its economy from slowing too rapidly.

US Fed rate cut fuels optimism for sustained Malaysian export recovery after August growth beats

(Sept 19):&nbsp;India’s overtaking of China in some global gauges will likely usher in a bigger influx of foreign flows, giving equities in the South Asian country another boost.

India’s eclipsing of China in MSCI global stock gauges to drive flows

The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, pointing to solid job growth in September and offering confirmation that the economy continued to expand in the third quarter.

US weekly jobless claims drop to four-month low

Eco World Development Group Bhd (KL:ECOWLD) reported a 21.26% year-on-year increase in its third quarter net profit, driven by improved earnings contributions from its Malaysian operations.

EcoWorld's 3Q profit jumps 21% as revenue and margin improve; 10-month sales exceed FY2024 target

The US Federal Reserve’s (Fed) recent interest rate cut is expected to ease capital inflows into Malaysia, boosting the ringgit and supporting local equities, according to economists and market analysts.

US Fed's 50-bp rate cut seen unleashing funds into Malaysian assets 

Sales of existing US homes fell in August to a 10-month low on persistent affordability challenges ahead of a recent decline in mortgage rates.

Contract closings decreased 2.5% from a month earlier to a 3.86 million annualised rate, according to figures released on Thursday from the National Association of Realtors (NAR).

US existing-home sales drop to lowest level since October

Country Heights Holdings Bhd (KL:CHHB) said it will request a contractor for the group's residential project in Kedah to withdraw its legal action against the group's subsidiary, Country Heights Smart Living Sdn Bhd, over alleged unpaid payments.

Country Heights to ask contractor to withdraw legal action over alleged unpaid sums

he Bank of England kept interest rates at 5.0% on Thursday, saying it would be careful about future cuts, and also held off from running down its bond holdings at a faster pace, avoiding extra budget strains for finance minister Rachel Reeves.

Cautious Bank of England hold rates, extends bond reduction plan

United Malacca Bhd (KL:UMCCA) said its net profit rose by nearly five times to RM13.29 million for its first quarter ended July 31, 2024 (1QFY2025), from RM2.68 million a year earlier, thanks to higher contributions from its Malaysian operations.

United Malacca’s 1Q net profit surges on higher contributions from Malaysian operations

KESM Industries Bhd (KL:KESM) slipped into the red in its fourth quarter ended July 31, 2024 (4QFY2024) with a net loss of RM977,000 versus a net profit of RM316,000 a year ago, as revenue fell amid lower sales from automotive chip processing.

KESM slips into the red in 4Q as revenue from automotive chip processing drops

Pengurusan Air Selangor Sdn Bhd (Air Selangor) is exploring the use of advanced water treatment technologies through artificial intelligence (AI) to monitor, predict and detect the quality of raw water from Selangor’s rivers before it is treated at the state’s 34 water treatment plants.

(Sept 19):&nbsp;Blockchain infrastructure provider Blockdaemon Inc&nbsp;may pursue an initial public offering (IPO) in 2026, its founder&nbsp;Konstantin Richter&nbsp;said.

Blockchain firm Blockdaemon weighs 2026 for potential listing

Wall Street rallied on Thursday with the S&amp;P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and forecast more cuts were on the horizon.

Racheal Lee

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