The Edge Top Property Developers Awards 2013 + Best in Qualitative Attributes: No. 1 - S P Setia Bhd

THIS year, two well-known developers — S P Setia Bhd and Sunway Bhd — were the stars of The Edge Malaysia Property Excellence Awards (TEPEA) 2013, winning multiple awards.

THIS is the 11th edition of The Edge Malaysia property awards, which was introduced to recognise and raise the benchmark of the country’s best property developers.

THE MALAYSIAN property industry’s crème de la crème were honoured at The Edge Malaysia Property Excellence Awards 2013 (TEPEA) last Thursday. Despite a downpour and massive jams in Kuala Lumpur that evening, more than 250 guests attended the gala night, including the guest of honour Minister of Urban Wellbeing, Housing and Local Government Datuk Abdul Rahman Dahlan.

KUALA LUMPUR: MSC Cyberport Sdn Bhd has unveiled its development plans for Phase 1 of MSC Cyberport City in Iskandar Malaysia, Johor.MSC Cyberport City will be the information communications technology (ICT) flagship of Iskandar Malaysia in Johor.

KUALA LUMPUR: UOA Development Bhd becomes the first Malaysia-based property developer to be awarded the Asia-Pacific Builder’s Growth Excellence Leadership Award by Frost & Sullivan. UOA was selected for its impressive growth by demonstrating excellence in capturing the highest compound annual growth rate for the last three years.

MELAKA: Melaka-based developer Hatten Group is looking to revive the once vibrant and buzzing Bunga Raya township with the launch of its RM250 million shopping mall Verdo by the River.The shopping mall will take over the vacant site of the former Melaka Central Market before it was demolished in the 1980s.

SHAH ALAM: I-Bhd, the master developer of the 72-acre (28.8ha) i-City, is embarking on its maiden foray outside Shah Alam in Selangor with the acquisition of a 1.05-acre tract for RM132 million in the Kuala Lumpur city centre (KLCC). The tract was acquired by I-Marcom Sdn Bhd, a subsidiary of of I-Bhd, from Sumuracres Sdn Bhd.

YAN: Felda chairman Tan Sri Mohd Isa Abdul Samad said the corporation’s purchase of the Grand Plaza Serviced Apartments in London was made based on the market price.

“The purchase was made by Felda Investment Corp Sdn Bhd and not Felda Global Ventures Sdn Bhd,” he told reporters after attending Felda Foundation’s “We Care” meeting yesterday.

STOCKHOLM: Sweden’s banks, which are among Europe’s best capitalised, are warning that excess reserves can’t cool a property market at risk of overheating, as they urge the government to address a chronic under-supply of housing.

“Just to increase capital ratios is the wrong tool,” Nordea Bank AB CEO Christian Clausen said on Wednesday in an interview in Stockholm.