News by Rachel Chew

The first of its kind, EdgeProp Malaysia’s Best Managed & Sustainable Property Awards 2021 was introduced in 2017. The Awards’ objective is to benchmark and raise the bar on the upkeep quality and sustainability of real estate in Malaysia.

The newly introduced awards’ category is “Repurposed Building”, which recognises the recycled old buildings, or adaptive reuse to extend the usefulness of a building by changing its function while keeping the structure.  

Rehda Malaysia president Datuk Soam Heng Choon: Rehda welcomes the [stamp duty exemption for first residential home] as part of the government’s initiative to encourage homeownership amongst the Rakyat, which was also our Budget Wish list to the government.

“I found this budget has really addressed what the country needs... I like the incentives for businesses to establish themselves in Malaysia, focus on improving infrastructure for existing industrial estates, and of course, spending money to develop new infrastructure,” said Previndran.

CGS-CIMB Research analyst Sharizan Rosely said the tenancy drop-out for Robinson’s outlet in The Gardens Mall will negatively impact IGB Real Estate Investment Trust (IGB REIT). However, he believed that the damage is manageable

Repurposing the vacant spaces to generate income

The appointment is following the resignations of Subimal Sen Gupta Sen and Anwar Syahrin Abdul Ajib last month.

Chris Chong, IOI Properties Group Bhd’s Mall Operations senior general manager: We remain resilient and are prepared to manage our workforce under different scenarios while maintaining efficiency and high service levels to our shoppers, tenants and business associates as the mall remains open throughout this difficult time.

Sara Fang Horton, UEM Sunrise Bhd’s head of retail strategy:  The Covid-19 pandemic and the previous MCO have shown that we need to pivot our placemaking strategies to continue building top-of-mind awareness in the community and among our loyal customers who appreciate Publika’s unique experiential and creative retail concept.

HC Chan, CEO of Sunway Malls & Theme Parks: Overall, the long-term outlook of the industry will remain healthy, resilient and robust albeit in a very different business model.