November 5, 2018, The Edge Malaysia - Living by Integrity, Hard Work and Discipline
MKH is not just in property. It is also involved in oil palm cultivation, furniture manufacturing and trading. Commenting on the company's plans for its property division, Chen says, "We want to move further up the food chain. We would want to improve in terms of delivering quantity but also delivering quality homes."MKH will look at starter homes, have a platform for the young to build equity. The young should start building equity to beat (general) inflation, that's very important. General inflation may be 3% but property inflation is probably 7.5% to 8%. When they build equity, that is enough for their next stage in life, which is building a family; they will need a bigger home. They can sell whatever they had bought, which would have appreciated, and put it in the next property."
November 5, 2018, The Edge Malaysia - Laying Strong foundations
His greatest achievement, he says, is putting customers first, even during the planning stage. He says focus groups are conducted at the start of each planning process to identify what customers want. The company is also working towards settling defect claims as soon as possible. "The customer-centric experience is not perfect yet but there is a desire to be so," he explains. "The second achievement is doing things together ... there are more collaborations between departments and everyone sits down to settle issues together." While Johor remains a challenge,Anwar SYa_hrin still believes in the state's potential. UEM Sunrise will continue to develop its land bank there, but it will be done selectively, he says. For now, the focus will be on areas like Iskandar puteri, Puteri Harbour and Gerbang Nusajaya.
November 5, 2018, The Edge Malaysia - Building Holistic Townships is His Forte
Planning the township was both from lessons learnt from previous townships as well as understanding trends. "I was lucky I did some travelling and understood the trends in developed countries. For instance, in Bandar Utama, instead of building a monolithic housing scheme with many crossroads, as seen in SS2, we decided to build neighbourhoods. I read somewhere that the best neighbourhood has about 500 residences. So what we did with Bandar Utama was to carve different neighbourhoods, each with 500 to 600 units. Then, we put in the main roads, and the neighbourhood roads became residential streets. So, you won't need to go into a residential street if you're not going to a particular neighbourhood. That took away all the crossroads," Teo explains.
November 5, 2018, The Edge Malaysia - Advancing With a Strong Tested Formula
The plan appears to be working as the developer has secured a place in the top ranks of The Edge Malaysia Top Property Developers Awards 2018. "We find that demand is still firm for affordably priced products, especially landed properties in strategic locations," adds Amrin, who took on his current role in September last year. In FY2018, SDP registered revenue of RM2.353 billion and profit before interest and tax (PBIT) of RM682.5 million. "Our total sales stood at 3,045 units, with a net sales value of RM2.249 billion," he says.
- Best Practices Type Newsclips
- Industry Construction
- Company Name Sime Darby Property Bhd (SDP)
- Geographical Selangor
October 29, 2018, The Edge Malaysia - The Only Constant is Change
In 1982, just the initials were used in a new logo with the outline of a "W" clearly seen in the mountain-like outline of an "M". "The MS stands for 'money' and 'success' while the 'W' subtly stands for 'wealth' as I have always believed a successful man is a wealthy man," Leong adds. While Mah Sing has achieved steady and undeniable success since its formation, thinning margins in plastics manufacturing in the 1990s necessitated the need for an alternative revenue stream via the property market. Today, it is Leong's desire to create a new recurring income stream for Mah Sing that led to this foray into hospitality. "The location of our land here is better suited to a business hotel," he says. "We are near the F&B outlets and marina of Puteri Harbour and Kota Iskandar, the administrative capital of the Johor government. There are also lots of factories nearby, universities, the Gleneagles Medini Hospital and, of course, Legoland. We chose Ramada as it is part of Wyndham, a big hospitality group."
- Best Practices Type Newsclips
- Industry Others
- Company Name Mah Sing Group Berhad
- Geographical Kuala Lumpur