Bukit Kiara Properties
What we found
Historical incident: gas leak accident after handover, attributed to human error not building design.
The evidence
Corporate continuity
PositiveAl Batha Group bought a 40% stake in Bukit Kiara Capital for about Dh44 million (US$11.9m), and the two planned to develop three Kuala Lumpur projects together.
3 more findings
Bukit Kiara Properties Sdn Bhd (BKP) is a subsidiary of Al Batha Bukit Kiara Holdings Sdn Bhd, whose shareholders are Bukit Kiara Capital Sdn Bhd and the Al Batha Group, a conglomerate based in the United Arab Emirates.
Bukit Kiara Properties, an unlisted Malaysian property group, formed a joint venture in which the UAE-based Al Batha Group invested RM42mil.
BKP changed how often it processes contractor payments, from once a month to every two weeks.
Independent recognition
PositiveVerve Suites, developed by Bukit Kiara Properties, won the Best High-rise Residential Award at FIABCI's Malaysia Property Awards.
3 more findings
BKP is the first and only property developer to win the Malaysian Business Ethics Excellence Award three times in a row, in 2006, 2008 and 2010.
BKP's VERVE Suites Mont'Kiara won Gold in the Residential (High Rise) category at the FIABCI World Prix d'Excellence Awards 2015, after winning the same category at the FIABCI Malaysia Property Awards 2014.
Verve Suites Mont'Kiara is listed among the World Gold Winners in the Residential (High Rise) category of the FIABCI Prix d'Excellence Awards, with Bukit Kiara Properties Sdn Bhd named as the developer.
