IOIPG chief executive officer Datuk Voon Tin Yow holds up the MDA trophy. — FAIHAN GHANI/The Star
Keeping tabs on sustainability is key to achieving long-term goals for the business
EVERY property developer wants to grow the business and sustain it for the long term, or look beyond the next quarterly or yearly report. Growing a business requires the right intellectual capital, carefully selected strategic partnerships and the capacity to build products that have strong market demand.
Beyond these fundamentals, the developer needs to show that the company has the capacity and commitment to sustain growth. This attribute looks at the future planning of property developers -- an area that is often neglected when companies, whether small or big, unfortunately consider the here and now instead of concentrating on the potential for future growth and sustainability.
It is not sufficient to have a solid business model and value offering because this does not present a viable long-term growth strategy if operational infrastructure, decision-making and leadership are lacking.
Jiankun International chief executive office and executive director Edwin Silvester Das proudly takes a photo with his MDA trophy.
TOTC quantitative rankings - Sustainability
The sustainability attribute is to test the company’s continued performance and gauge how well it executes its planned launches in the near future. It is based on the company’s unbilled sales figures over three years from 2019 to 2021.
Companies showing resilience over the three years are given preference. The companies are also assessed on their 2022 launches. In the RM1bil and above category, IOI Properties Group Bhd (IOIPG) topped the rankings as it displayed a strong continuity for its projects and scored a noteworthy 128.89 points.
In this ranking list for the RM1bil and above category, IOIPG was the only company that scored over 100 points. In the TOTC below RM1bil category, Jiankun International Bhd also displayed strong continuity for its projects hitting a whopping 723.28 points. The over-inflated figure was due to the RM1.2bil redevelopment project of Kampong Bharu in Kuala Lumpur which was taken into consideration during the submission period.
However, even if this figure was disregarded, Jiankun remains top ranked for this attribute. Two other companies also surpassed the 100-point mark, namely second-placed MUI Properties Bhd with 140.92 points and Eupe Corporation Bhd with 104.81 points in third spot.
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