News by CHIN WAI LUN

The Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) has elected Pavilion REIT Management Sdn Bhd CEO Datuk Philip Ho Yew Hong as the new chairman for a two-year term at its annual general meeting on June 16.

Noteworthy:

•  Leasehold
• Built-up: 3,200 sq ft
• Land size: 2,863 sq ft
• Unfurnished
• Four bathrooms
• Amenities: AEON Mall Taman Equine, Giant Seri Kembangan and Bandar Putra Permai commercial hub
• Accessibility: Damansara-Puchong Highway (LDP), South Klang Valley Expressway (SKVE) and Maju Expressway (MEX)

When: April 2022

“The nature of proptech is such that its solutions are end to end. Functional silos often seen in many real estate companies constrain the end-to-end solutions that proptech has to offer. A single solution may require multiple stakeholders to agree,” said EdgeProp’s Ong.

The achievement marks Desa ParkCity as the first Malaysian entry to be shortlisted and awarded by the ULI APAC Awards for Excellence programme, widely recognised as one of the region’s most prestigious awards in the development community, the developer said in a statement today.

Noteworthy:
● Freehold
● Built-up: 2,000 sq ft
● Land size: 2,000 sq ft
● Unfurnished
● Amenities: F&B outlets, supermarkets and neighbourhood malls
● Accessibility: LRT Kelana Jaya, Damansara-Puchong Highway (LDP) and Federal
Highway

When: December 2021

Situated on 4.55 acres of leasehold land in Setapak, SkyAwani 3 Residences comprises 1,905 units housed in three 52-storey towers.  

Situated on a 596-acre site in Genting Highlands, Tropicana WindCity will be anchored by Tropicana Paradise, comprising 308 acres of commercial and residential components as well as a 38-acre integrated entertainment hub with proposed branded serviced residences, five-star international branded hotels, a theme park and a shopping mall.

Hence, the developer is on track to achieve its sales target of RM2 billion for FY2022, it said in a statement highlighting its 2Q2022 results yesterday. 

City-developer SkyWorld Development Group (SkyWorld) provided a helping hand to victims whose houses were severely damaged during the Raub-Temerloh floods in the state late last year till early this year via the Al-Sultan Abdullah Foundation (YASA).

S P Setia Berhad was awarded double Gold at the FIABCI World Prix d’Excellence Awards 2022, thus breaking the record as the Malaysian developer with the most World Golds.