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

ANZ Group Holdings Ltd’s new chief executive officer will face a long list of challenges when he takes up his role at Australia’s second-largest lender by assets next July. 

Nuno Matos, the former HSBC Holdings plc wealth chief who was named on Monday to replace Shayne Elliott, will need to appease regulator probes, integrate the company’s biggest acquisition on record, and eke out profit from an increasingly commoditised lending market.

Ex-HSBC banker Nuno Matos brings ‘clean slate’ to ANZ as CEO

KUALA LUMPUR (Dec 9): The Human Resource Development Corporation (HRD Corp) should undergo a leadership overhaul, despite being cleared of any corruption by the Malaysian Anti-Corruption Commission (MACC), a lawmaker said.

Leadership overhaul at HRD Corp needed despite corruption clearance by MACC, says govt backbencher

Taiwan raised its alert level on Monday saying China has set up seven zones of reserved airspace and deployed naval fleets and coast guard boats in what a security source described as the first military drills across a broad swathe of the region's waters.

Taiwan raises alert as China deploys 90 ships in likely drills

The Human Resource Development Corporation (HRD Corp) is still under investigation, according to Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki.

HRD Corp still under probe, clarifies MACC chief

South Korean President Yoon Suk Yeol has been banned from leaving the country over a failed attempt at imposing martial law, a justice ministry official said on Monday, amid growing calls for him to step down and a deepening leadership crisis.

South Korea President Yoon banned from foreign travel as leadership crisis deepens

Key allies of Emmanuel Macron are heaping pressure on the French president to name a new prime minister quickly, with time running short to pass a stopgap spending bill before the end of the year.

Macron faces mounting pressure to find new French prime minister

Bank Negara Malaysia (BNM) will hold a closed-door briefing for government and opposition Members of Parliament in Parliament on Tuesday to address concerns over the rising cost of medical insurance premiums.

BNM to brief MPs on medical insurance premium hike on Tuesday

The High Court here has cautioned defence lawyer Tan Sri Muhammad Shafee Abdullah from making comments about the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial to the media after the prosecution objected to a press conference Shafee had held on Monday afternoon.

High Court cautions Shafee over press conferences

China's exports likely grew in November, continuing an upbeat trend as Chinese exporters likely frontloaded shipments amid growing tariff risks from the incoming US administration.

China's November exports likely grew 8.5% 

A company was fined RM75,000 by the Sessions Court on Monday after it admitted to building a solid waste recycling plant in July without obtaining the required Environmental Impact Assessment (EIA) approval from the Department of Environment (DOE).

Judge Azman Abu Hassan delivered the decision against Grey Matter Plastic Industries Sn Bhd manager, Mohd Hasrul Hafiz Roslan, who represented the company.

Company fined RM75,000 for building solid waste recycling plant without DOE approval

In recent years, Malaysia has emerged as a data centre powerhouse in the Asia-Pacific region, driven by a global surge in demand and an established data centre sector.&nbsp;

With favourable conditions such as the availability of land, cheaper electricity, and an advantageous geographical location, the country has attracted numerous firms to establish data centre operations within its borders.

How Malaysia is setting itself up as an AI hub

In one of his rare interviews in January 1996, the late T Ananda Krishnan said his passion was to go into the business of the future.

Alternative Views: Ananda’s unfinished business leaves much to speculation

The Malaysian Anti-Corruption Commission (MACC) found no wrongdoing within the Human Resource Development Corporation (HRD Corp).

No offences under the MACC Act 2009 had been committed, according to investigators cited in a Public Accounts Committee (PAC) report on the government agency.

No offences found in HRD Corp probe, says MACC

Shares of Kawan Food Bhd (KL:KAWAN) climbed to their highest in nearly five months on Monday, after the frozen food manufacturer announced a venture into distribution of information technology (IT) equipment.

Kawan Food shares climb to near five-month high after news of IT venture

Tenaga Nasional Bhd (KL:TENAGA) and Sembcorp Power Pte Ltd have signed an agreement for the supply of 50 megawatts (MW) of renewable energy to Singapore.

The maiden renewable energy supply from Malaysia to the island-state is the result of the bidding process conducted through Energy Exchange Malaysia (Enegem) in June.

Tenaga, Sembcorp sign deal for supply of 50MW renewable energy to Singapore

US&nbsp;President-elect Donald&nbsp;Trump&nbsp;called on Sunday for an immediate ceasefire and negotiations between&nbsp;Ukraine&nbsp;and Russia&nbsp;to end "the madness", prompting Ukrainian President Volodymr Zelenskiy and the Kremlin to list their conditions.

Trump calls for immediate Ukraine ceasefire, Kyiv and Moscow cite conditions

As Bashar Al-Assad fled to Moscow, the looters started raiding the presidential palace and people took the streets of Damascus to celebrate his demise. The Syrian president had tried to hang on until the bitter end, still desperately sending an SOS to anyone who would listen, including Donald Trump. The despot had run out of road.

Assad’s fall in Syria puts world on watch for more Middle East chaos

Industrial services firm Swift Energy Technology Bhd has begun accepting applications from investors for its initial public offering (IPO) that would gross more than RM84 million on the ACE Market.

The IPO, priced at 28 sen per share, involves a public issue of 250.2 million new shares and an offer for sale of 50.04 million existing shares, according to its prospectus. All in, the listing offers investors a 25% stake in the Selangor-based company.

Swift Energy now selling IPO shares at 28 sen apiece for ACE Market listing

Imprisoned former prime minister Datuk Seri Najib Razak has once again claimed that there was a conspiracy by the US to prevent him from accessing evidence pivotal to mount his defence in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.

Najib now says US Democrats conspired with then-Opposition to suppress evidence pivotal to his defence

Malaysia’s retail sales growth accelerated in the third quarter, an industry research firm said on Monday, flagging faster growth in the next three months due to the year-end holiday season.

Retail sales growth accelerated to 3.8% in 3Q, may hit 4.4% in 4Q — Retail Group Malaysia

Asian shares struggled with a slide in South Korea on Monday, ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while US&nbsp;inflation data are the last hurdle to further policy easing there.

Asian stocks slugged by South Korea's turmoil, disinflation in China

Facility management firm GFM Services Bhd (KL:GFM) said on Monday it has signed an agreement to explore a stake in oil-and-gas services firm Shapadu Energy Sdn Bhd for an indicative RM30 million cash.

GFM Services to explore 45% stake in energy services firm Shapadu for RM30m cash

Oil&nbsp;prices nudged higher on Monday, as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that was highlighted by Saudi Aramco's price cuts to Asian buyers.

Oil edges up as rising Mideast tensions offset demand fears

Former prime minister Datuk Seri Najib Razak said that he supported 1Malaysia Development Bhd's (1MDB)&nbsp;ambitions to acquire independent power producers (IPPs), by bringing down cost of power,&nbsp;for the well-being of Malaysians.

Najib says supported 1MDB's independent power producer ambitions for Malaysia's 'well-being'

Malaysia’s healthcare sector is set for sustained growth beyond its robust third-quarter results, amid steady increases in both capacity and demand, BIMB Securities said.&nbsp;

The research house, which kept an 'overweight'&nbsp;stance on the sector, expects private hospital operators to "sustain earnings growth of double digits, supported by steady increases in inpatient and outpatient visits”, which are likely to extend into 2025.

Healthy demand, capacity growth to drive healthcare earnings through 2025 — BIMB

US-based Omnicom Group is in advanced talks to acquire rival Interpublic Group in a deal that would create the world’s largest advertising company, The Wall Street Journal&nbsp;(WSJ) reported.

Omnicom, Interpublic in merger talks that would create world's largest ad company — WSJ

KUALA LUMPUR (Dec 9): The Public Accounts Committee (PAC) has called on the Malaysian Anti-Corruption Commission (MACC) to explain its investigation into the Human Resource Development Corporation (HRD Corp), which was classified as “no further action" (NFA).&nbsp;

Explain ‘no further action’ on HRD Corp investigation, PAC tells MACC

KUALA LUMPUR (Dec 9): UEM Sunrise Bhd (KL:UEMS) has received planning permit approval for a A$277.8 million (RM784.8 million) build-to-rent development in Collingwood, Melbourne, Australia.

UEM Sunrise gets nod for A$277.8m build-to-rent project in Melbourne

Former Kedah menteri besar Datuk Seri Mukhriz Mahathir told the High Court on Monday that he did not know that his aunt Habsah’s patronym is Mohamad Iskandar.

Mukhriz says he does not know his aunt’s patronym is Mohamad Iskandar

Local institutions continued to be Bursa Malaysia's primary supporters, with net buying skyrocketing nearly fivefold to RM1.06 billion last week from RM207.7 million recorded in the week before.

In its fund flow report for the week ending Dec 6, MIDF Amanah Investment Bank Bhd (MIDF) noted no outflows were recorded in the entire week from this investor class last week.

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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