The Edge Malaysia Property Excellence Awards (TEPEA) was started in 2003 as an initiative to help the real estate industry recover from the lingering impact of the 1997/98 Asian financial crisis, which had shaken confidence in the sector.

Note from the publisher: Recognising excellence in property development

Gamuda Bhd — Property Division (Gamuda Land) made history at The Edge Malaysia Top Property Developers Awards (TPDA) 2023 by clinching the No 1 spot for the first time and taking home the Best in Quantitative Attributes and Best in Qualitative Attributes sub-awards as well. This is the first time a single company has swept all three awards since TDPA’s inception in 2003.

Making history at The Edge Malaysia Top Property Developers Awards 2023

The property division of Gamuda Bhd — commonly known as Gamuda Land — has clinched the top spot of The Edge Malaysia Top Property Developers Awards (TPDA) 2023 for the first time.

Top Property Developers Awards commentary: The inside story behind Gamuda Land’s historic win

Top Property Developers Awards judges’ comments

The Edge Malaysia-PAM Green Excellence Award 2023 Judges -   Judges’ citation

The Edge Malaysia-PAM Green Excellence Award 2023 Judges - Judges’ citation

The Edge Malaysia-PEPS Value Creation Excellence Award 2023 Judges: Judges’ citation

Other awards

For Gamuda Land (Gamuda Bhd — Property Division), placemaking is key to the success of its township and the main differentiator from its peers. This strategy can be seen in SplashMania WaterPark in Gamuda Cove, Dengkil, which has garnered much attention since its unveiling in February.

Placemaking, innovation and digitalisation are key

I first met Datuk Soam Heng Choon when I was just starting out as a writer. My colleague and I were doing a story related to Petaling Jaya, and ran into a roadblock. Someone suggested asking Soam, who was the CEO of IJM Land Bhd at the time, for help owing to his extensive knowledge of the industry and area.

A long, fulfilling career

Datuk Azmir Merican joined Sime Darby Property as group managing director in April 2020. Yes, right at the start of the first Covid-19 lockdown — what a baptism of fire! And despite coming from another industry, he learnt fast, and with discipline and focus, expanded the company from being merely a property developer into a real estate company. This  delivered a strong set of results in 2022, with after-tax profit more than doubling.

Combining strategy and a clear vision

As the doors to the meeting room of the sales gallery in Desa ParkCity swing open, the lake park — which used to be an abandoned mine — comes into view and it has an immediate calming effect. Then in walks Datuk Joseph Lau, group CEO of Perdana ParkCity Sdn Bhd (Park­City Group), dressed in a simple yet stylish outfit that perfectly reflects his casual yet confident demeanour. His smile and enthusiasm are infectious and it is clear that he is someone who takes great pride in his work. Despite his many achievements and accolades, Lau remains down to earth and approachable.

Building townships and creating homes

Sitting in the residents’ lounge in Kapas Heights, a sense of calmness and serenity eases my weariness from the hectic city outside. A gentle breeze fills the empty halls. Before me is a magnificent and uninterrupted view of Kuala Lumpur’s skyline.

Emphasising passive design and community living

Developed by township developer Tropicana Corp Bhd and Iskandar Waterfront Holdings, Tropicana Danga Cove sprawls across 227 acres in Masai in the eastern suburbs of Johor Bahru. Located between Johor Bahru city centre and manufacturing hub Pasir Gudang, it is part of Flagship D of Iskandar Malaysia.

Creating more value through holistic master plan

In today’s highly competitive property market, property developers are required to be innovative and creative, not only in their products but also in their marketing campaigns to stand out from the crowd and capture the attention of potential customers.

Staying focused on quality to create sustainable property value growth

A minimum wage policy is meant to protect workers, irrespective of the industry they are employed in, to get decent monthly salaries. In Malaysia, that means everyone, including cleaners or sweepers, are entitled to at least RM1,700 monthly.

Alternative Views: Minimum wage policy is not a cure-all solution for social well-being issues

Indonesia’s bourse will classify an additional 300 stocks to its high shareholder concentration list, leaving a third of its index members ineligible to stay in its benchmark, as it seeks to boost market transparency.

Indonesia to cut 300 more tightly held stocks from benchmark

At the recent B57+ Business Leaders’ Summit in Istanbul, Türkiye, I had the opportunity to engage with business leaders, investors and policymakers from across the Islamic world. Our discussions centred on an important question: How can we better mobilise the enormous economic resources of the Organisation of Islamic Cooperation (OIC) to create greater prosperity for our people?

MY Say: Unlocking the untapped economic potential of the Islamic world

Based on a poll of 1,029 Malaysians aged 18 to 74, the IPSOS E-Wallet Landscape 2026 report finds that Malaysia’s transition to a cashless economy is gaining momentum, driven by Bank Negara Malaysia’s efforts to strengthen the digital payment ecosystem and the widespread adoption of interoperable QR payment infrastructure.

Cashless payments gain traction beyond younger Malaysians

Taxpayers who fail to settle outstanding taxes within six months and do not respond to notices from the Inland Revenue Board (IRB) may be barred from leaving the country, Deputy Finance Minister Liew Chin Tong said.

Taxpayers with tax arrears may face travel ban if dues unpaid within six months — deputy minister

SKA Capital Bhd (KL:SKACAP) rose 19% in the electrical engineering firm’s debut on the ACE Market on Wednesday.

SKA Capital climbs 19% on ACE Market debut

KUALA LUMPUR (Nov 11): Malaysia's palm oil inventories are expected to start declining in the first quarter of next year as production growth slows from its seasonal peak.

High palm oil inventories set to decline in 1Q2027 as output slows, El Niño risks loom — analysts

There is no such thing as a standard formula in economics. At the height of the neoliberal era, the “Washington Consensus” was presented as a standard and universal package for developing countries to prosper.

MY Say: Madani Economy: The middle path for a resilient Malaysia

KUALA LUMPUR (Nov 11): Big Caring Group Bhd could see its already steep listing price soar higher, though longer-term value hinges on its expansion beyond retail, an analyst said.

Big Caring’s already pricey valuations could stretch further — BIMB Securities

Russia has effectively abandoned attempts to replace the dollar with China’s yuan under the pressure of US secondary sanctions, underlining the difficulties facing other nations looking for an alternative global currency.

Russia’s push to replace dollar with China’s yuan collapses

<blockquote>
The Nvidia CEO’s advocacy for selling AI chips to China could be previously explained by self-interest, but things have become a lot murkier, says Catherine Thorbecke for Bloomberg Opinion.
</blockquote>

TOKYO (Nov 11): No American argued harder for selling artif...

Opinion: Everything Jensen Huang said about China is out the window

Prime Minister Datuk Seri Anwar Ibrahim should not bow to political pressure to dissolve Parliament ahead of schedule.

PM should not bow to pressure to dissolve Parliament — Loke

KUALA LUMPUR (Nov 11): Japanese metal materials producer Mitsui Kinzoku is investing 190 billion yen (RM4.87 billlion) &nbsp;to construct a new copper foil plant in Malaysia, as it looks to ensure a stable supply amid rapid growth in the artificial intelligence (AI) and semiconductor markets.

Mitsui Kinzoku to invest RM4.87 bil in new copper foil plant in Malaysia — report

(Nov 11) :&nbsp;Nvidia Corp.’s independent board members tapped a former top federal prosecutor to help probe chief executive officer Jensen Huang’s relationship with a suspected Chinese spy.&nbsp;

Nvidia board members tap Wachtell’s Kim for Huang probe

Global bonds tumbled and the dollar stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve (Fed) next month, though stocks remained resilient.

Bonds reel as hot inflation fuels jumbo Fed hike fears

SKA Capital Bhd (KL:SKACAP) rose 19% in the electrical engineering firm’s debut on the ACE Market on Wednesday. &nbsp;

The recent sell-off in YTL Power International Bhd (KL:YTLPOWR) appears excessive as its colocation data centre business continues to support the group's valuation, said CGS International.

CGS International says YTL Power sell-off overdone, stays upbeat on data centre prospects

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Nov 11, 2026 

(Nov 10):&nbsp;CoreWeave said on Tuesday that it would become profitable on an adjusted basis in the first half of 2028, as the AI cloud company sought to reassure investors that strong demand and customer commitments will support its debt-fueled expansion.

CoreWeave targets 2028 profitability as AI demand surges

Israel's parliament was sworn in on Tuesday without a new government, after a deadlocked general election stripped Prime Minister Benjamin Netanyahu of his parliamentary majority but left his main rivals with no clear path to power.

Israel's parliament sworn in as Eisenkot tries to forge a government

Wall Street doubled down on wagers the Federal Reserve will need to lift rates more aggressively, with stocks and bonds falling as inflation worries spurred fresh warnings from officials.

Stocks, bonds fall as Fed-hike chorus grows louder

KUALA LUMPUR (Nov 11): Big Caring Group Bhd could see its already steep listing price soar higher, though longer-term value hinges on its expansion beyond retail, an analyst said.

International Business Machines Corp (IBM) is ending immigration sponsorship for some roles in its largest division following a crackdown by the Trump administration on a visa programme that’s been a talent pipeline for the tech industry.

IBM to end immigration sponsorship for roles in biggest unit

Indonesia’s bourse will classify an additional 300 stocks to its high shareholder concentration list, leaving a third of its index members ineligible to stay in its benchmark, as it seeks to boost market transparency.&nbsp;

OpenAI’s quarterly revenue hit US$10 billion for the first time in the three months ending in September, according to a person familiar with the matter, driven by strong demand for its latest artificial intelligence software.&nbsp;

OpenAI third quarter revenue soars nearly 50% to US$10 bil

Federal Reserve Bank of Dallas president Lorie Logan said she still sees the need for at least two quarter-point rate increases, but that the pace of those hikes may need to be quicker than the Fed is moving this fall.

Fed’s Logan favours at least two hikes, says pace could quicken

Wall Street is poised to deliver another banner year for bonuses off record profits for big banks, with questions lingering around what lies further ahead for the industry.&nbsp;

Wall Street bonuses seen climbing before prospects weaken

PUTRAJAYA (Nov 11): Former transport minister Anthony Loke attended the Transport Ministry's (MOT) monthly assembly for the last time on Wednesday, following his resignation, which took effect on Tuesday (Nov 10).

Loke attends MOT monthly assembly for final time

NEW YORK (Nov 10): The United States and China should harbour no illusions about their differences on artificial intelligence (AI) as they navigate cooperation to mitigate the technology's risks while competing for AI supremacy, US Treasury Secretary Scott Bessent said on Tuesday.

US and China should stay clear-eyed on AI cooperation and competition, Bessent says

DOHA (Nov 11): The rapid advancement of artificial intelligence (AI) risks creating a new global divide in computing power, potentially widening inequalities between developed and developing nations, particularly those in the Global South, Communications Minister Datuk Seri Fahmi Fadzil said.

The Edge Property Excellence Awards 2023

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The Edge Property Excellence Awards 2023

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