The Edge Malaysia Best Managed & Sustainable Property Awards entered its eighth edition this year, with a record number of submissions received from across Peninsular Malaysia, Sabah and Sarawak.

Driving value creation and sustainability

The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA) are back for the eighth instalment this year. The awards seek to recognise and celebrate real estate that is managed with excellence and sustainability.

Honouring the nation’s best managed and sustainable properties

The Edge Malaysia Best Managed & Sustainable Property Awards 2024 - Judges’ comments

Judges’ comments

Twenty-five years after its opening on Aug 31, 1999, the 88-storey Petronas Twin Towers still reign as the tallest twin skyscrapers in the world. Soaring to a height of 452m, the iconic stainless steel and glass edifice and beloved crown jewel of our nation still dazzles as an internationally recognised landmark. Apart from being a well-known tourist attraction, the property is fully occupied and home to offices with a total gross floor area of 5.4 million sq ft.

Always in pursuit of excellence

Occupying half of the 100-acre Kuala Lumpur City Centre (KLCC) development, KLCC Park is not only an integral green lung that integrates seamlessly with the office towers — including the world-renowned Petronas Twin Towers, retail complexes, hotels, residential as well as entertainment and recreation components within the precinct — but also serves as a respite from the hustle and bustle of the city for city folks, office-goers and visitors.

The people’s park

Menara UOA Bangsar, developed by UOA Group, was one of the first developments in the country to have subsidiary management corporations (sub MCs).

Establishing a precedent

As the saying goes, together we stand, divided we fall. The residents’ association (RA) of Sunway SPK Damansara in Kuala Lumpur has proved to be a force to be reckoned with in its bid to make the development a safe and liveable place for all its residents.

Community spirit a vital ingredient

It isn’t every day that you see a 10-year plan for a residential development but that was what was shared by the management corporation (MC) of The Park Residences 1 in Bangsar South during a site visit by the judges for The Edge Malaysia Best Managed & Sustainable Property Awards 2024.

Future planning for the benefit of all

Property management goes beyond maintenance. As Kaginic Corp Sdn Bhd project manager Venus Chai notes, it is important to manage expectations, and the landlord’s goal is to make sure the tenants are happy.

Satisfied tenants make a difference

Sporting unique cylinder-shaped towers, 11 Mont’ Kiara is a high-rise residential development by Sunrise Innovations Sdn Bhd, a wholly-owned subsidiary of UEM Sunrise Bhd (KL:UEMS) in Mont’Kiara, Kuala Lumpur. The 5.31-acre project completed in July 2011 has five towers comprising a combined 339 units with built-ups ranging from 2,700 to 6,000 sq ft.

Working with the right property manager pays off

To the management corporation (MC) members of Ryan & Miho Residence, clear and effective communication is essential when selecting the property management service provider, especially for a residential project with over 1,000 units. It is vital that the property manager truly understands that breakdowns in communication can lead to misunderstandings that would harm the property’s value in the long run.

Creating a beautiful oasis through effective management

As we stroll through Essex Gardens, the first phase of the Setia Eco Templer township in Rawang, Selangor, it is clear that this is a close-knit community. Management corporation (MC) chairman C K Lee and Laurelcap Property Management Sdn Bhd associate director Ho Hon Chiap often stop during our walk to greet and chat with the residents. There is a sense of ease in their interactions, one that is not easy to come by these days.

Preserving a piece of paradise

Known as a community-centric township with lush green landscapes in Kajang, Selangor, the 338-acre Jade Hills stands as a testament to foresight and meticulous master planning. Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has made it its goal to redefine community living in the region with this development.

Nurturing a thriving community

Property management is more than just maintaining facilities and balancing accounts, it also plays a vital role in cultivating a harmonious community by fostering a strong community spirit. It is especially important when it is a large-scale project with thousands of units, just like Lakefront Homes @ Cyberjaya in Selangor.

Cultivating strong sense of ownership

BENGALURU (Nov 21): Boeing said on Thursday that it has secured a US$2.38 billion (RM10.63 billion) contract from the US Air Force to build 15 additional KC-46A Pegasus aerial refuelling tankers under the Lot 11 procurement.

Boeing secures US$2.38b contract for 15 additional US Air Force KC-46A tankers

KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.

Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the US, dealing a blow to Europe's hopes that its most developed battery player would reduce Western car makers' reliance on Chinese rivals.

Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions

Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.

Inflation in Malaysia picks up slightly in October, official data shows

US mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near term.

US 30-year fixed-rate mortgage approaches 7%

GEORGE TOWN (Nov 22): Penang welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.

Penang welcomes HK Express’ inaugural flight from Hong Kong

CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.

CapitaLand warns of China losses as Singapore property investor cuts exposure

New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month.

European car sales flat in October, EVs gain ground, ACEA says

Germany's economy is facing deep and profound challenges that could push up corporate insolvencies, keeping default risk elevated next year, the Bundesbank said in a Financial Stability Report on Thursday.

Germany faces high corporate default risk in 2025, Bundesbank says

The parent firm of Britain's Royal Mail warned of a worsening cost environment following last month's budget and said it could not rule out price hikes and higher automation as it looks to cut costs after returning to a first-half profit.

Royal Mail owner IDS warns of cost pressures after return to profit

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.

AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;

Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

The Inland Revenue Board (LHDN) will continue to enforce compliance through audits and investigations to detect any non-compliance among taxpayers in Malaysia.

LHDN deputy chief executive officer (Compliance) Datuk Hisham Rusli said that all actions are carried out in accordance with the laws set forth.

IRB committed to improving tax compliance via  audits, probes

China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.

China’s richest man berates PDD, ByteDance for months of misery

US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.

Trump picks Pam Bondi for US attorney general after Gaetz withdraws

Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.&nbsp;

Nvidia says new chip remains on track, helping soothe investors

TOKYO (Nov 22): Nissan&nbsp;Motor&nbsp;will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told Reuters on Friday.

Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable to the owners of the company.

TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.

DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

The International Criminal Court issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes in the Gaza Strip, adding to pressure on the country’s leadership over the conduct of its military campaign against Hamas.

ICC issues arrest warrant for Israel’s Netanyahu on Gaza ‘war crimes’

Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine.

Gold surges and euro sags as broader war risks rise 

Australia’s flagship carrier Qantas Airways Ltd is the top-performing airline stock in Asia over the past year, and is seen as set to extend its climb with help from declining fuel prices.

Qantas tops Asian airline stocks on cheap fuel, rival’s demise

Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.

Good opportunity to accumulate Dayang shares — CGS

Stocks ended the day higher as traders contemplated a new US administration keen on deregulation. Bitcoin blew past US$98,000 (RM438,868) while the dollar gained and treasury yields rose.

Trump trade boosts stocks, bitcoin run at US$100,000

KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).

Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

SEC Chair Gary Gensler, whose ambitious agenda drew fierce resistance from Wall Street and the crypto industry, plans to step down on Jan 20.

Gary Gensler plans to step down from SEC in January

NEW YORK (Nov 22): US&nbsp;stocks are extending their lead over&nbsp;global&nbsp;peers and some investors believe that dominance could grow if President-elect&nbsp;Donald Trump&nbsp;can implement his economic platform without becoming mired in a full-blown trade war, or ballooning the federal deficit.

Trump's return could extend US stocks' dominance over global rivals

ChatGPT-creator OpenAI has recently considered developing a web browser that would combine with its chatbot and separately discussed or struck deals to power search features, the Information reported on Thursday.

The Edge Malaysia Best Managed & Sustainable Property Awards 2022

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The Edge Malaysia Best Managed & Sustainable Property Awards 2022

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