Andrew Khoo Boo Yeow, the son to whom Tan Sri Khoo Kay Peng passed the baton six years ago, has been in the thick of action to unlock the MUI group’s asset value over the past two years.

Cahya Mata Sarawak Bhd (KL:CMSB) has aborted its joint venture project to build a four-star hotel and serviced apartments in Kuching Isthmus, a business district in Kuching, Sarawak, with its joint venture (JV) partners.

Noteworthy:

• Freehold
• Built-up size: 2,800 sq ft
• Land size: 5,200 sq ft
• 5 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Assunta Hospital, Kerinchi Hill Forest Park, University of Malaya, The Scott Garden, MRT Kuchai Lama, Mid Valley Megamall, The Gardens Mall
• Accessibility: NPE, Old Klang Road, Sungai Besi Expressway, KL-Seremban Expressway, MEX, KESAS, Federal Highway

When: September 2024

Noteworthy:

• Leasehold
• Built-up size: 1,400 sq ft
• Land size: 1,400 sq ft
• 4 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Pavilion Bukit Jalil, Columbia Asia Hospital - Bukit Jalil, MRT Taman Equine, Universiti Putra Malaysia, UNITEN
• Accessibility: MEX, SKVE, LDP, KL-Seremban Expressway, Lebuhraya Bukit Jalil

When: September 2024

Shopping mall operators said the proposed electricity tariff hike will put further financial pressures on them, who are still grappling with post-pandemic challenges, and ultimately lead to higher prices for consumers.

Epicon Bhd (KL:EPICON) executive chairman Koong Wai Seng is joining Lagenda Properties Bhd’s (KL:LAGENDA) board as an executive director.

The Malaysia Retailers Association (MRA) has expressed concerns about the government's decision to increase the base electricity tariff, arguing that it will negatively impact the country's competitiveness and economic recovery.

Sunway Bhd (KL:SUNWAY) has appointed its independent director Datuk Mohd Anuar Taib to an executive role as deputy president effective Jan 2, 2025.

Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4 million, cash, from a joint venture (JV) between MUI Properties Bhd (MUIPROP) and Chin Teck Plantations Bhd.

Earlier, I have responded to Dr Foo Chee Hung’s article dated Sept 20, titled "Property manager vs building manager — Are they the same?", which claimed that a building manager is solely responsible for coordinating the maintenance and upkeep of common areas, while a property manager merely acts as an intermediary between tenants and landlords. In my article “Stricter regulation in property management needed”, I explained the professional roles, bodies, education and training required of a registered property manager.