MalaysianUpdates

Tag: #PropertyInvestment

  • PHB Adopts GROW with SAP to Accelerate Its Digital Transformation Journey

    PHB Adopts GROW with SAP to Accelerate Its Digital Transformation Journey

    Pelaburan Hartanah Berhad (PHB), a prominent real estate investment holding company in Malaysia, has embarked on a significant digital transformation journey through its adoption of GROW with SAP, a comprehensive solution by SAP SE designed to modernize core business operations using a standardized, cloud-based framework. Established in 2006 under Yayasan Pelaburan Bumiputra, PHB plays a key national role in expanding Bumiputera ownership of prime commercial real estate via its shariah-compliant unit trust fund, Amanah Hartanah Bumiputera (AHB). Today, the company oversees a portfolio exceeding MYR 11 billion, covering commercial, retail, healthcare, logistics, and education assets across Malaysia’s major urban regions. As PHB expands and strengthens its strategic business growth, it has consistently delivered stable returns to AHB unitholders. However, its rapid expansion also highlighted digital gaps, including outdated, fragmented systems that posed operational challenges. Recognizing the need for a unified, intelligent digital backbone, PHB selected GROW with SAP to streamline operations, enhance compliance, and increase efficiency.

    Through this transition, PHB will migrate its finance, contract administration, and lease management functions into a single cloud-based ERP platform, creating an integrated digital environment that delivers real-time data visibility and automated workflows. This transformation is expected to eliminate data silos, improve accuracy, reduce compliance risks, and drive faster, more informed decision-making across the organization. PHB Group Managing Director/Chief Executive Officer, Mohamad Damshal Awang Damit, emphasized that this move is a strategic investment aimed at future-proofing the organization and ensuring operational agility in an increasingly complex property market. SAP Malaysia Managing Director, Vipin Chandran, also noted that PHB’s adoption reflects a rising trend among Malaysian companies leveraging cloud innovation to stay competitive and resilient. With plans to go live by January 2026, PHB is also exploring future enhancements, including AI-driven insights and automation of key processes such as Procure-to-Pay, positioning the company for sustainable, technology-enabled growth in the years ahead.

  • Seremban 2 Skyline Gets a New Landmark with Ikon Residences

    Seremban 2 Skyline Gets a New Landmark with Ikon Residences

    Seremban 2 has evolved over the past three decades from open land into a vibrant, self-sustaining township, offering families, businesses, and communities a modern alternative to the congestion of the Klang Valley. Now, IJM Land is set to redefine the township’s skyline with the launch of IKON Residences in Q4 2025. Rising 44 storeys, this freehold serviced residence is poised to become Seremban 2’s most prominent residential address, integrating contemporary living spaces with retail convenience, landscaped greenery, and a close-knit community environment. With an estimated Gross Development Value of RM360 million, IKON Residences will feature 778 units ranging from 474 sq ft to 1,184 sq ft, with flexible layouts including dual key configurations, adaptable walls, and flexi areas designed to accommodate multi-generational living, rental opportunities, and evolving lifestyle needs.

    Designed as an urban sanctuary, IKON Residences blends modern living with the comfort of nature, providing residents a self-sustaining vertical community where daily needs—from shopping and dining to work and recreation—are accessible within the development. Architecturally, the two-wing structure creates a dynamic visual profile on the Seremban 2 skyline, enhancing privacy, optimising natural light, and ensuring efficient vertical circulation. Thoughtfully curated landscaping, including a serene water feature and elevated garden deck, promotes wellness, leisure, and community interaction, extending the living experience beyond private residences.

    In line with IJM Land’s sustainability vision, IKON Residences is provisionally GreenRE certified, incorporating energy-efficient lighting, water-saving fittings, natural ventilation, and landscaping with native flora. Units are equipped with modern conveniences, including digital door locks, high-speed broadband, and multi-tiered security systems. Facilities such as a 50-metre lap pool, children’s pool, gym, badminton and basketball courts, co-working spaces, library, barbecue zones, and communal decks complement the residences, supporting an active and connected lifestyle.

    Strategically located opposite IKON @ Centrio, Seremban 2’s commercial and lifestyle hub, residents enjoy immediate access to cafes, retail outlets, dining options, and essential amenities including AEON Mall, Mydin Mall, Columbia Asia Hospital, schools, and banks. Connectivity is further enhanced by direct access to the North-South Expressway, ELITE Expressway, LEKAS Highway, and a toll-free route to Kuala Lumpur International Airport, offering seamless travel to Kuala Lumpur, Putrajaya, and Cyberjaya.

    According to Datuk Chai Kian Soon, Chief Operating Officer of IJM Land, IKON Residences represents a bold step forward in the evolution of Seremban 2, combining a prime location, lifestyle appeal, and distinctive design to set a new benchmark for the township. Supported by the Malaysia Vision Valley 2.0 initiative, the development offers long-term value through economic growth, infrastructure enhancement, and sustained property appreciation. The IKON Gallery in Seremban 2, featuring experiential displays and fully furnished show units, is now open, allowing prospective buyers to experience firsthand the sophisticated, modern living envisioned within this landmark development.