S P Setia Bhd president and CEO Datuk Choong Kai Wai said the achievement was beyond their expectations, as the industry had just recovered from the pandemic.

Developing properties in a sustainable manner and building real estate that stays sustainable through the years are not quite the same.

The Edge Malaysia Best Managed & Sustainable Property Awards 2022 (BMSPA 2022), which raises the bar on property management practices and sustainable real estate in Malaysia, saw eight of Henry Butcher Malaysia (Mont Kiara) Sdn Bhd's (HBMK) managed projects win awards under various categories.

Gamuda Land signed a memorandum of understanding (MOU) with Universiti Malaya (UM) and Universiti Kebangsaan Malaysia (UKM), and a memorandum of collaboration (MOC) with Universiti Kuala Lumpur (UniKL), at Gamuda Cove on Wednesday (July 27).

"By harnessing our expertise in town-making and leveraging fruitful collaboration with like-minded partners such as Skyline Enterprises for our community place-making, today's ceremony demonstrates how we are able to create sustainable developments which can cater to the needs and wants of people, especially ones that are surrounded by nature with ample public spaces for the community," said Gamuda Land chief operating officer Chu Wai Lune in a press release.

Investment analysts covering the stock believe that Gamuda can unlock the value of its highway concessions through the deal and that this will strengthen the group’s balance sheet, lower leverage, reward shareholders with special dividends and reduce borrowings.

Organised by FIABCI Malaysia, the Malaysia Property Awards 2021 award presentation ceremony cum gala dinner was graced by Penang’s eighth Yang di-Pertua Negeri Tun Datuk Seri Utama Ahmad Fuzi Abdul Razak and his wife Toh Puan Datuk Seri Utama Khadijah Mohd Nor.

Gamuda recorded higher joint venture contribution in the quarter, its filing showed. Group earnings per share rose to 7.05 sen, from 4.9 sen per share in 2QFY21.

The Southern Klang Valley township is also the first private township to receive this recognition from the Environment and Water Ministry in collaboration with the Malaysian Green Technology and Climate Change Centre (MGTC).

Gamuda said in a statement on Tuesday (Feb 22) to Bursa Malaysia that GBSG and Wai Fong Construction have formed an unincorporated JV on a 60:40 basis respectively, under which GBSG  is the lead member for the design and construction of the planned Defu station and tunnels along Tampines Road.