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

NEW YORK (Sept 17): Uncertainty over the size of an initial interest rate cut expected Wednesday from the Federal Reserve has sparked a related debate over the possibility of an accelerated halt to the central bank’s balance sheet drawdown.

Prospects for an opening cut of half a percent...

Fed rate cut uncertainties rattle balance sheet outlook

The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve (Fed) interest rate cut later in the day.

Dollar cedes ground, Asia stocks mixed as Fed looms large

A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.

Widely expected US rate cut to boost large-cap banks, energy stocks, REITs — Kenanga

(Sept 17): When U.S. based construction material supplier Wilsonart issued a junk bond to raise $500 million to fund an acquisition this summer, a research firm warned potential investors that the terms of the deal offered them weak protections.

The bond’s covenants would allow the...

Ignoring risk, investors still buying US junk debt with weak protections

Bankrupt trucker Yellow Corp and its hedge fund owners lost a key court ruling over US$6.5 billion (RM27.66 billion) in debt that pension funds claim the defunct company owes them, likely wiping out most recovery for shareholders.

Bankrupt trucker Yellow loses ruling over US$6.5b in pension debts

Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the US Federal Reserve's (Fed) anticipated interest rate cut, with the potential for more violence in the Middle East supporting the market.

Oil prices steady, with investors focusing on Fed decision

Japan's export growth slowed sharply in August as shipments to the US dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.

Japan's exports slow sharply, machinery orders shrink in blow to economic recovery

Tupperware Brands is preparing to file for bankruptcy as soon as this week, Bloomberg News reported on Monday, citing people with knowledge of the plans.

Tupperware Brands plans to file for bankruptcy

Bridgewater Associates founder Ray Dalio said the overall picture of the economy probably warrants a smaller interest-rate cut by the US Federal Reserve (Fed) this week.

Dalio sees quarter-point Fed cut as ‘right thing’ for creditors

BlackRock Inc and Microsoft Corp are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence (AI).

BlackRock, Microsoft to raise US$30b for AI investments

Many may not know that a Malaysian construction company, Eversendai Corp Bhd, is one of the main contributors to the construction of several iconic landmarks in the world including Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) and KLCC (Petronas) Twin Towers and Merdeka 118 Tower.

Building up world's iconic landmarks, Eversendai is pride of Malaysia, says Nanta

At least three people were killed and more than 1,000 others including Hezbollah fighters, medics and Iran's envoy to Beirut were wounded on Tuesday when the pagers they use to communicate exploded across Lebanon, security sources told Reuters.

At least three dead, over 1,000, including Hezbollah members, wounded in pager blasts in Lebanon

Heavy rain and storms combined with high tides caused large waves to hit Penang's coast, particularly around Pantai Bersih.

The Butterworth Outer Ring Road (LLB) has since warned the public to stay away from the beach area due to the dangerous weather and high waves, which even reached the back of the Bagan Ajam Rest and Service Area (R&amp;R).

Public warned to stay away after large waves hit Penang coast

Wall Street's main indexes rose on Tuesday, with the benchmark S&amp;P 500 close to its intraday record high, as investors awaited a crucial Federal Reserve policy decision and fresh economic data allayed worries of a sharp slowdown in the US economy.

Wall Street rises ahead of key US Fed decision; S&P 500 nears record high

The US presidential elections are closely watched as the winner influences policy directions and business climate in the world’s biggest economy, which in turn move the global markets. With the Nov 5 polling date less than two months away, The Edge revisits key economic and market indicators of the last seven election cycles from 1996.

How markets perform during US elections

The Federal Reserve’s (Fed) widely anticipated pivot to interest-rate cuts this week is likely to bolster emerging Asian market assets, further extending their recent lead over global favourites such as Japan and chip stocks.

Here’s how Asia is bracing for Fed’s imminent shift to rate cuts

The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve (Fed) interest rate cut later in the day.

The Pentagon’s cost to develop and produce Lockheed Martin Corp.’s F-35 has risen almost 10% to about US$485 billion (RM2.08 trillion) now that money needed for engine improvements has been included in the official estimate for the costliest US weapons system.

Pentagon’s F-35 cost rises 10% to US$485 bil to fix overheating engines

Stocks drifted near all-time highs ahead of the Federal Reserve (Fed) decision, with traders split on the size of an interest-rate cut.

US stocks hover near record-high as traders split over Fed rate cut 

After more than two years of currency pain, Asia’s central banks are in for some relief as the Federal Reserve (Fed) is set to cut interest rates by a quarter-point Wednesday. The path for the region’s own monetary policy, though, will be bumpy from here.

Fed cut to serve as starting gun for central banks across Asia

The US is urging Vietnam to avoid Chinese cable-laying firm HMN Technologies and other Chinese companies in its plans to build 10 new undersea cables by 2030, sources with knowledge of the talks said.

Inside the US push to steer Vietnam's subsea cable plans away from China — Reuters

German autos supplier Bosch CEO Stefan Hartung expects very little growth in car and commercial vehicle markets worldwide this year and next, he said in an interview with Reuters.

Bosch chief sees stagnating growth in car markets worldwide

A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&amp;G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.

The Islamic Development Bank plans to provide around US$4 billion to US$5 billion (RM17.1 billion to RM21.4 billion) of support to Bangladesh over the next three years, the bank's regional head said on Tuesday.

Islamic Development Bank to provide up to US$5b support to Bangladesh

Tupperware Brands&nbsp;is preparing to file for bankruptcy as soon as this week, Bloomberg News reported on Monday, citing people with knowledge of the plans.

Confidence among US home builders rose in September for the first time in six months, just before the US Federal Reserve is expected to cut interest rates from the current two-decades high.

Confidence rises among US home builders as they await Fed move

Bankrupt trucker Yellow Corp and its hedge fund owners lost a key court ruling over US$6.5 billion (RM27.66 billion) in debt that pension funds claim the defunct company owes them, likely wiping out most recovery for shareholders.

California Governor Gavin Newsom signed two bills into law on Tuesday that aim to help actors and performers protect their digital replicas in audio and visual productions from artificial intelligence, the governor's office said.

California governor signs legislation to protect entertainers from AI

BlackRock Inc and Microsoft Corp are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence (AI).

North Korea fired multiple short-range ballistic missiles on Wednesday that landed in the sea off its east coast, South Korea and Japan said, days after Pyongyang unveiled a uranium enrichment facility and vowed to beef up its nuclear arsenal.

The Edge Malaysia Best Managed & Sustainable Property Awards 2024

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