Editor’s Choice Awards: Malaysia’s Built for Sustainability 2020: PJ Trade Centre

EdgeProp Malaysia’s Responsible Developer: Building Sustainable Development Award 2020: Gamuda Land

In a bourse filing, the group said that its 60%-owned subsidiary SRS Consortium Sdn Bhd entered into a master agreement today with the Penang government over its appointment as the PDP for the infrastructure project.

The award was in recognition of its commitment to ensure the liveability of the townships it has built.

Sutera is the developer of Taman Sutera and Taman Sutera Utama located in the western corridor of Johor Bahru. The award was in recognition of the developer’s strong commitment in building a vibrant and caring community within a sustainable living environment.

Housing and Local Government Minister Zuraida Kamaruddin: With strata living fast becoming a way of life, quality property management is no longer an option. This is true not only in private but also in public real estate.

"We believe the new government is unlikely to proceed with the acquisition of Gamuda's toll highway stakes for RM2.36 billion, given the financial constraints as the federal government deficit is set to rise due to the economic stimulus measures.”

Gamuda said the MCO, imposed on March 18 to halt the spread of the Covid-19 pandemic, caused work stoppages and reduced traffic volume across its four expressways, as a result of which the group recorded its lowest quarterly revenue since 1QFY17.

Sold for: RM2,450,000 (RM346.97 psf based on land size); Concluded by: Ong Chee Yong of Polygon Properties Sdn Bhd (REN 22613) (018-366 8687); When: January 2020

In conjunction with this campaign, buyers can enjoy special deals such as a low booking fee of just RM388 via Shopee. To top off the deal, buyers will also be credited with up to RM8,000 worth of Shopee vouchers following successful execution of the Sale & Purchase Agreement. (Branded content)