News
Friday, 08 February 2019 11:47

November 5, 2018, The Edge Malaysia - Embracing Sustainability in Community Building

"We have been looking for opportunities but the pricing is not right. We would rather be careful about how we expand, and the fact is that the group has done well in this soft market with our diversified business. With recurring income, we do not have to keep launching just to maintain the numbers and it does not add to the overhang situation," she says. "The fact that we utilise the 'build, own, operate' model has helped us to not drive sales for the sake of the numbers. In a soft market, it allows us to focus on building the community."

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Friday, 08 February 2019 11:27

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."

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Published in Leadership
Friday, 08 February 2019 11:11

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.

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Published in Leadership
Friday, 08 February 2019 10:59

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.

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Published in Leadership
Thursday, 07 February 2019 17:54

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.

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Thursday, 07 February 2019 15:25

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."

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Published in Manage change
Thursday, 07 February 2019 15:12

October 29, 2018, The Edge Malaysia - Local Animation Industry Heating Up

What is more notable is the stiff competition from other more mature markets such as the US and Japan. "They are unique because they are able to bring something that is creative and in tune with their culture," Najib says. "If you look at these people (local animation studios) that have made it through, like Boboiboy, Didi & Friends and Ejen Ali ... they are actually unique to Malaysia and are intriguing for people outside of Malaysia."

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Thursday, 07 February 2019 14:55

October 22, 2018, The Edge Malaysia - Ramsay Sime Darby Uses Tech To Improve Efficiency

A couple of months ago,the healthcare provider, best known for its flagship Subang Jaya Medical Centre (SJMC), introduced Live Chat as an option for patients to book appointments."It used to be that you needed to call up the secretary of the specialist to make the appointment. Now, patients can go online, see what slots are free and decide there and then. It gives patients more control over their own healthcare," Brown explains.

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Thursday, 07 February 2019 14:30

October 22, 2018, The Edge Malaysia - Public Bank Shows Its Digital Hand

"The bank views technology as an important and effective enabler to the implementation of its business strategy and in serving its customers. However, it is always mindful of the various dimensions of risk involved, such as a short life cycle of applications arising from the rapid advancement of technology, cybersecurity threats and the readiness of customers to adopt digital-driven services," he says. In that context, he says the bank has been proactively exploring and tapping "sustainable digital solutions" to enhance customers' experience.

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Thursday, 07 February 2019 13:15

October 22, 2018, The Edge Malaysia - Property Management and Security At Your Fingertips

Smartphones and apps have become such an important part in our lives these days that we would feel lost without them.We have come to rely on apps for messaging, navigation, ride hailing, games and much more. Apps for the property industry are becoming widespread as well. LaurelCap Sdn Bhd director Lee Wei Keat says he first noticed the trend in 2015. Now, they are widely used as they are léss expensive to install, set up and maintain, thus saving on costs,says Lee. For example, an app could be used to replace a traditional intercom system, which is more expensive and tedious. Mobile apps eliminate this issue besides being more versatile,and "can be updated and new functions introduced."

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