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

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Treasuries rally as data points to a September rate cut

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Deputy PM Fadillah pays courtesy visit to Vietnamese PM, strengthens bilateral cooperation

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street rebounds on tech recovery, small caps jump after benign inflation data

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Malaysia urges Asean dialogue partners to support ceasefire in Gaza

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

US charges Citron's Andrew Left over alleged multi-million fraud scheme

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Malaysia steps up efforts to finalise South China Sea code of conduct

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

AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC 

VIENTIANE (July 26): The Asean Post Ministerial Conference kicked off in the Laos capital here on Friday, as Asean foreign ministers engaged with top diplomats from dialogue partners to discuss various regional and international issues of common interest.

Asean Post Ministerial Conference kicks off in Laos; regional, global issues in focus

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

Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).

Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

US prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation environment that could position the Federal Reserve to begin cutting interest rates in September.

US inflation rises moderately, consumer spending cools

The prestigious five-star Lexis Hibiscus 2 luxury resort is currently under construction by the KL Metro Group and is expected to be completed by 2029, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Construction of RM1.6 bil GDV Lexis Hibiscus 2 resort will be completed in 2029

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit surged 46.37% in the third quarter from a year earlier, thanks to higher sales volume and stronger US dollar. &nbsp;

Net profit for three months ended May 31, 2024 (3QFY2024) climbed to RM9.09 million or earnings per share of 1.96 sen, from RM6.21 million or 1.34 sen per share recorded in 3QFY2023. &nbsp;

Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback

Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub.

Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology &amp; Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia.

Cyberview signs three MOUs to make Cyberjaya a global technology hub

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce &amp; Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.&nbsp;

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Penang Port Sdn Bhd (Penang Port) on Friday announced the acquisition of five Kalmar container handling machines to optimise operations and improve service levels.

Penang Port acquires Kalmar container handling equipment to enhance services

A new recruitment of 3,950 staff, comprising 3,200 medical officers, 350 dental officers and 400 pharmacy officers, will be made through contract (interim) appointments, the Ministry of Health (MOH) said.

More than 3,900 contract officers to be appointed in latest recruitment — MOH

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

Eastern European Union (EU) members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions were imposed on the company.

Hungary says it will face fuel shortages from September without Lukoil supplies

The government will now determine the locations for distributing subsidised cooking oil packets to retail outlets to prevent further leakage of controlled goods, says Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

KPDN to set subsidised cooking oil distribution locations to curb leakage — Armizan

Digital Penang has announced the Market Access Thailand programme, which aims to propel Penang’s startups into Thailand’s market and create opportunities for exponential growth and innovation.

Digital Penang announces cross-border startup collaboration with Thailand

Apollo Global Management Inc has agreed to buy International Game Technology plc’s (IGT) gaming division and the gambling machines company Everi Holdings Inc in a US$6.3 billion (RM29.38 billion), all-cash deal that will see the two businesses merged.

Apollo funds to buy IGT’s gaming, Everi in US$6.3 bil deal

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

The Edge Property Excellence Awards 2023

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The Edge Property Excellence Awards 2023

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