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

Affin Bank Bhd (KL:AFFIN) may come under investors' microscope for its weakening capital position amid above-industry loan growth.

Affin Bank may come under investors' scrutiny for weakening capital position, RHB flags

(March 26): Billionaire Ong Beng Seng will plead guilty at a later date than originally expected in a case related to a former Singapore government minister who was jailed for obtaining gifts from the property tycoon.

Billionaire Ong’s Singapore guilty plea delayed on doctor’s report

Thai Prime Minister Paetongtarn Shinawatra survived a no-confidence vote in parliament after a two-day debate where the opposition targeted her over her father’s alleged influence on the government and its mismanagement of the economy.

Thai PM survives no-confidence vote after Thaksin scrutiny

Chemlite Innovation Bhd (KL:CLITE), the latest in a string of listings to have seen first-day dips in share price, is unfazed by its weak debut, preferring to focus on expanding its business and improving efficiency for long-term value.

Chemlite unfazed by ACE Market debut dip, focused on long-term value creation

PADANG RENGAS (March 26): Malaysia Aviation Group’s (MAG) recent purchase of Boeing aircraft was carried out in accordance with established procedures and terms, said the finance minister’s political secretary Muhammad Kamil Abdul Munim.

MAG’s Boeing aircraft purchase was above board, says finance minister’s political secretary

Bank of Japan (BOJ) governor Kazuo Ueda indicated he aims to keep his options open ahead of the bank’s next policy meeting, as traders searched for hints of the next rate hike timing during three hours of questioning in Parliament.

Bank of Japan's Ueda keeps his options open by reiterating policy stance

Bitcoin’s recent relief rally, which took the original cryptocurrency to a two-week high on Monday, is at risk of being short-lived as broader market uncertainty continues to keep investors on the sidelines.

Bitcoin rebound faces risk of ‘bull trap’ amid macro uncertainty

PERTH (March 26): British Airways is poised to restart daily flights to Kuala Lumpur on April 2 this year, according to Malaysia Airports Holdings Bhd (MAHB).

British Airways to restart daily flights to KL on April 2 this year, says MAHB

US President Donald Trump said he plans to limit exceptions to his tariff push, the latest cryptic hint about a planned April 2 announcement of reciprocal duties on global trading partners.

Trump now says he doesn’t want ‘too many’ exceptions in tariff push

Nintendo Co shares gained the most in over seven months after Goldman Sachs Group Inc said it expects the upcoming release of its Switch 2 console to drive active users to new highs.

Nintendo shares surge as Goldman sees Switch 2 fuelling users

Police are believed to have called up several corporate figures in Kuala Lumpur and Penang in their investigations related to the money trail of the now-defunct pyramid scheme MBI.

Bukit Aman calls up corporate figures to assist in investigations on MBI's money trail — sources

Chemlite Innovation Bhd (KL:CLITE) fell in its first trade on the ACE Market on Wednesday, adding to a streak of listing day declines.

The Penang-based company, which provides surface finishing treatment services, opened at 23 sen compared with its initial public offering (IPO) price of 25 sen per share. The stock continued to slide, and was down 10% to 22.5 sen as of 9.05am, after more than 20.5 million shares changed hands.

Chemlite dips on ACE Market debut, extends listing flops

Shares of Astro Malaysia Holdings Bhd (KL:ASTRO) hit another record low on Wednesday, as investors remained wary of the pay-television operator’s outlook, amid softening advertising expenditure and declining subscription.

Astro tests new record low as results disappoint, analysts flag uncertain future

The two sons of the late Hong Kong billionaire Lee Shau-Kee now control their father’s US$10 billion (RM44.23 billion) stake in property firm&nbsp;Henderson Land Development Co, according to new filings.

HK billionaire Lee Shau-Kee’s sons get control of US$10b Henderson stake

PETALING JAYA (March 26): Cuckoo International (MAL) Bhd (Cuckoo Malaysia), the local unit of South Korean appliance maker Cuckoo Homesys Co, Ltd, said on Wednesday that it has priced its initial public offering (IPO) on the Main Market of Bursa Malysia at RM1.29 a share.

Main-Market bound Cuckoo Malaysia prices IPO at RM1.29 a share

The fiscal strength of the US&nbsp;is stuck in a multi-year slide and “has deteriorated further” after the country’s sovereign rating received a negative outlook in late 2023, Moody’s Ratings said.

US fiscal strength seen weakening further, Moody’s says

Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising US deficits and urged them to cut the budget deficit to just 3% of gross domestic product (GDP) or risk debt service costs squeezing government spending.

Dalio warns GOP of ‘dire’ debt as lawmakers weigh tax cuts

YTL Power International Bhd’s (KL:YTLPOWR) artificial intelligence data centre (AI DC) segment could contribute up to RM900 million to its net earnings by mid-2027, provided that it achieves full capacity offtake, according to CGS International.

AI data centre segment could contribute RM900m to YTL Power’s earnings by mid-2027 — CGS International

SYDNEY (March 26): Petroliam Nasional Bhd, known as Petronas, is aiming to raise up to US$3 billion (RM13.27 billion) in a three-tranche dollar bond transaction, according to two sources with direct knowledge of the matter.

Petronas aims to raise US$3b in dollar bond deal — Reuters

Asian stocks posted modest gains on Wednesday as investors search for a clear direction amid weaker US consumer confidence and a late rally in US equities.

Asian stocks edge up as traders seek new direction

KUALA LUMPUR (March 26): MISC Bhd (KL:MISC) could potentially pay out higher dividends from this year onwards from a cash flow boost from a project in Brazil, Maybank Investment Bank said on Wednesday.

MISC could potentially pay out higher dividends starting 2025 — Maybank

WASHINGTON/MOSCOW/KYIV (March 25): The United States reached separate deals on Tuesday with Ukraine and&nbsp;Russia&nbsp;to pause their attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow.

Russia, Ukraine agree to sea, energy truce; Washington seeks easing of sanctions

Oil edged higher after an industry report signalled a major contraction in US crude stockpiles, while the market weighed the prospect of a Russia-Ukraine ceasefire in the Black Sea.

Oil gains as industry report points to big drop in US stockpiles

A rally in most big techs drove stocks higher on Tuesday, though gains moderated after one of the market’s best days in 2025 as traders assessed economic risks amid the threat of a trade war.

Stocks eke out gain as tech drives late-day bounce

(March 26):&nbsp;The US cancelled two aid projects in Cambodia in late February — one to encourage child literacy and another to improve nutrition and development for kids under five. A week later, China’s aid agency announced funding for programmes to achieve almost identical goals.

China swoops in to replace Asian USAID projects axed by Trump

SYDNEY/BEIJING/SHANGHAI (March 26): Chinese battery giant CATL&nbsp;said it had received approval from China's securities regulator for a share sale in Hong Kong that sources have said&nbsp;could raise&nbsp;at least US$5 billion (RM22.12 billion), the largest listing in the city for four years.

China's CATL Hong Kong listing approved, could raise at least US$5b — Reuters

WASHINGTON/BRUSSEL (March 25): The European Union's (EU) trade commissioner Maros Sefcovic met with US President Donald Trump's top trade officials on Tuesday to try to avoid steep US. tariffs on EU goods next week, but results of the talks were unclear.

EU trade chief meets with Trump officials to try to head off 'harmful' tariffs

US&nbsp;grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter.

ADM cuts jobs in grain trading division, sources say

PERTH (March 26): British Airways is poised to restart daily flights to Kuala Lumpur on April 2 this year, according to Malaysia Airports Holdings Bhd (MAHB).

A group of public finance bankers, who have so far largely focused their attention on Congress, are now reaching out to the Trump administration to make their case for keeping state and local government debt tax free.

The Edge Malaysia Best Managed & Sustainable Property Awards 2023

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The Edge Malaysia Best Managed & Sustainable Property Awards 2023

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