Dear readers,

The Edge Malaysia Property Excellence Awards (TEPEA) celebrated its 16th iteration at a gala dinner on Oct 29, with Housing and Local Government Deputy Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad as our guest of honour.

There were many familiar faces at th...

Note from the publisher

Merit |  Setia SPICE | Eco Meridian Sdn Bhd (a subsidiary of S P Setia Bhd)

Positioned in a strategic spot in Bayan Lepas, S P Setia Bhd’s Setia SPICE (Subterranean Penang International Convention & Exhibition Centre) is hard ...

Green convention centre raises the bar

Special Mention |  Mangala Resort & Spa | Franky Land Sdn Bhd (a subsidiary of Franky Group)

The Mangala Resort & Spa by Franky Land Sdn Bhd, a subsidiary of Franky Group emerges like a hidden utopia in the middle of indus...

A sustainable resort driven by passion

Merit |  Alpine @ M Residence 2 | Mah Sing Group Bhd

The luxury of space at affordable prices, just about half an hour’s drive to the city centre, is what the owners of Mah Sing Group Bhd’s Alpine @ M Residence 2 development in Ra...

Comfortable, contemporary homes

No. 10 – Eastern & Oriental Bhd

Eastern & Oriental Bhd (E&O Group), best known as the owner of the timeless Eastern & Oriental Hotel in George Town, Penang, has leveraged its niche and expertise in luxury hospitality to...

Preparing for the good days ahead

No. 9 – Tropicana Corp Bhd

In the 1990s, Tropicana Corp Bhd founder Tan Sri Danny Tan established Tropicana Golf and Country Resort — a pioneering development that was the first of its kind in the country. After that, he introduced the...

Unlocking value of strategic land bank

No. 8 – Gamuda Bhd (Property division)

The newly opened Gamuda Cove Experience Gallery in USJ, Taipan, is filled with lush greenery. Sunlight pouring in through the glass panels makes it brighter and seem more spacious.

Gamud...

Emphasis on township developments

No. 7 (joint ranking) – UEM Sunrise Bhd

After taking a sip of water, UEM Sunrise managing director and CEO Anwar Syahrin Abdul Ajib settles in for the third interview of the day. Although it has been a long morning, he is still energet...

Focusing on the customer experience

No. 7 (joint ranking) – Mah Sing Group Bhd

Mah Sing Group Bhd’s vibrant headquarters provided a good complement to the spirit of camaraderie seen during a photo session with group managing director Tan Sri Leong Hoy Kum and his son, Li...

Remaining competitive and innovative

No. 6 (joint ranking) – IOI Properties Group Bhd

We are honoured and happy to receive this award. But with this accolade, we understand the heavier responsibility and expectations in terms of customer expectation from us. In IOI, we ta...

Holding steady amid a slow market

No. 6 (joint ranking) – Eco World Development Group Bhd

Driving through the entrance to any of its townships and you would know you are entering a project by Eco World Development Group Bhd (EcoWorld Malaysia). Upon passing through a s...

Made-to-measure offerings for success

No. 5 – Sunway Bhd (Property division)

Sunway Bhd managing director, property division, Sarena Cheah comes into Sunway University’s Sunway iLabs Makerspace in Sunway City with a broad smile for this interview with City & Country.

Embracing sustainability in community building

No. 4 – UOA Development Bhd + Best in Quantitative Attributes

UOA Development Bhd’s consistent performance last year has not only secured the company a place in the top 10 of The Edge Malaysia Top Property Developers Awards but also ga...

Staying relevant by meeting market needs

No. 3 – Sime Darby Property Bhd

The local property market has had some ups and downs over the past few years, with companies adopting different plans to stay afloat. Nevertheless, renowned developer Sime Darby Property Bhd (SDP) aims t...

Advancing with a strong, tested formula

MORNING CALL: 24/12/24

China’s real estate woes look set to get worse before they get better, raising the prospect of a miserable year for property shares despite a recent bounce.

China’s property stock rebound faces a reality check in 2025

South Korea's consumer sentiment dropped sharply this month to hit the weakest level in more than two years on growing worries about political uncertainty following parliament's impeachment of President Yoon Suk Yeol.

South Korea consumer sentiment weakest since 2022 on political uncertainty

Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction.

Singapore pulls ahead of Hong Kong in race to be crypto hub

Stocks in Asia are set to edge higher after a rally in some of the world’s largest technology companies lifted US benchmarks. 

Futures pointed to small gains in Tokyo, Hong Kong and Sydney, with shortened sessions in the latter two for Christmas Eve. In the US, Tesla Inc. and Nvidia Corp. drove a gauge of the “Magnificent Seven” megacaps up 1.4%, helping the S&P 500 close higher and erase a brief slide fueled by weaker-than-expected data on US consumer confidence.

Asian stocks eye gains after tech boosts Wall Street 

A rally in some of the world’s largest technology companies spurred a rebound in stocks, following a brief slide fueled by weaker-than-expected data on US consumer confidence.

In a thin trading session at the start of a holiday-shortened week, the S&P 500 finished near session highs. Nvidia Corp., Meta Platforms Inc. and Tesla Inc. drove a gauge of the “Magnificent Seven” megacaps up almost 1.5%.

US stocks get boost from tech at start of Christmas week

It has been a banner year for Sunway University. It has marked a series of groundbreaking achievements that affirm its position as a leading private university in Malaysia and Asean. Despite being relatively new by global standards, the university’s impact continues to grow rapidly, as evidenced by its improved rankings, expansion of academic offerings and significant milestones in research and education.

Ranked among the best, Sunway University has breakthrough year

New-home sales in the US rebounded last month as builders and consumers sealed deals that had been delayed by storms in the South, and buyers took advantage of heavy sales incentives.

Sales of new single-family homes increased 5.9% last month to a 664,000 annualised rate, according to government data issued on Monday.

US new-home sales rebound in November after storm-stricken month

The Malaysian Communications and Multimedia Commission (MCMC) is taking immediate action to address scams relating to MyPR (Red IC) application on Facebook, said Deputy Communications Minister Teo Nie Ching.

Deputy minister urges caution, vows swift action against red IC scams

US consumer confidence unexpectedly sank in December for the first time in three months on concerns about the outlook for the economy amid uncertainty around the Trump administration’s policies.

US consumer confidence falls as politics weigh on outlook

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

KLCCP Stapled, Tuju Setia, Coastal Contracts, Powerwell, Prolintas, Malayan Flour Mills, Malakoff, Heitech Padu, Supercomnet, ECM Libra, Esthetics International 

The Energy Commission (EC) was to inform winners of the fifth large scale solar bidding round (LSS5) beginning Monday, following nine months of deliberation since it was opened in April this year.

Energy Commission says LSS5 bids finalised but mum on winners

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EVENING 5: Five things you need to know today

Greenland is not for sale, its elected leader said on Monday, responding to comments made by US President-elect Donald Trump regarding the "ownership and control" of the vast Arctic island that has been part of Denmark for over 600 years.

Greenland is not for sale, its leader says in response to Trump

A businessman lost over half a million ringgit after being deceived by an individual impersonating a representative from Tenaga Nasional Bhd (TNB) on Saturday.

Nilai district police chief Supt Abdul Malik Hasim said that at 11.17am on Monday, his department received a report from a 31-year-old man who had received a phone call from the scammer regarding his business premises.

Businessman, nurse fall prey to scammers, lose almost RM1 mil

The Covid-19 and influenza situation in Malaysia remains under control, with no increase in cases requiring intensive care unit (ICU) treatment and no fatalities reported.

Covid-19, flu cases under control in Malaysia — MOH

Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction.

The Malaysian Communications and Multimedia Commission (MCMC) is taking immediate action to address scams relating to MyPR (Red IC) application on Facebook, said Deputy Communications Minister Teo Nie Ching.

Stocks in Asia are set to edge higher after a rally in some of the world’s largest technology companies lifted US benchmarks.&nbsp;

Futures pointed to small gains in Tokyo, Hong Kong and Sydney, with shortened sessions in the latter two for Christmas Eve. In the US, Tesla Inc. and Nvidia Corp. drove a gauge of the “Magnificent Seven” megacaps up 1.4%, helping the S&amp;P 500 close higher and erase a brief slide fueled by weaker-than-expected data on US consumer confidence.

Nordstrom Inc is going private through an all-cash transaction valued at about US$6.25 billion (RM28.16 billion) in a bet by the founding family that the department-store company will be more successful without the scrutiny and demands of the public market.

Founding family to take Nordstrom private in US$6.25 bil deal

Wall Street's main indexes were mixed at the start of a holiday-shortened week on Monday, after a stopgap government funding bill averted a partial shutdown and investors braced for a slower pace of rate cuts from the US central bank next year.

Wall Street opens mixed as holiday-shortened week starts

A rally in some of the world’s largest technology companies spurred a rebound in stocks, following a brief slide fueled by weaker-than-expected data on US consumer confidence.

In a thin trading session at the start of a holiday-shortened week, the S&amp;P 500 finished near session highs. Nvidia Corp., Meta Platforms Inc. and Tesla Inc. drove a gauge of the “Magnificent Seven” megacaps up almost 1.5%.

Walmart Inc and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers without their consent, a US consumer protection agency said on Monday.

CFPB sues Walmart, fintech partner for illegal account openings

Amtrak railway service across the Northeast Corridor faced delays and cancellations on Monday, causing chaos for passengers travelling ahead of the holidays.

Travellers should expect a “significant delay” in and out of New York Penn Station as the rail network seeks to recover from signal power issues, according to a statement on Amtrak’s website.

Amtrak riders face delays as trains cancelled service along Northeast

Thailand will increase the daily minimum wage by an average 2.9% to between 337 baht and 400 baht (RM44.19-RM52.45) from Jan 1, a senior official said on Monday.

Thailand to raise daily minimum wage by 2.9% from Jan 1, official says

US consumer confidence unexpectedly sank in December for the first time in three months on concerns about the outlook for the economy amid uncertainty around the Trump administration’s policies.

China’s real estate woes look set to get worse before they get better, raising the prospect of a miserable year for property shares despite a recent bounce.

Daiwa Securities Group Inc may need more time to achieve profit in China, according to the head of Japan’s second biggest brokerage, reflecting how investment banks continue to struggle on the mainland.

Daiwa’s China venture may take longer to make profit, says CEO 

New-home sales in the US rebounded last month as builders and consumers sealed deals that had been delayed by storms in the South, and buyers took advantage of heavy sales incentives.

Sales of new single-family homes increased 5.9% last month to a 664,000 annualised rate, according to government data issued on Monday.

The Canadian economy appeared to lose its strength towards the end of this year even as the central bank cut interest rates at a rapid pace.

Advance data suggested gross domestic product shrank 0.1% in November, the first monthly contraction this year, after 0.3% expansion a month earlier, Statistics Canada said on Monday.

The Edge Property Excellence Awards 2018

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The Edge Property Excellence Awards 2018

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