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Koperasi Tunas Muda Sungai Ara Berhad (KTMSAB) is a solid model of successful housing cooperative in Malaysia and stands tall among other cooperative societies that have different business backgrounds. At the moment, Datuk Ir Mansor Musa is heading the organisation as the primary housing developers in Penang. From his personal perspective, the amicable relationship among board members of cooperative enterprise is deemed significant to the vicissitudes of business activities. Without doubt, having consistent good examples across the board can dramatically alter the landscape of the workplace. Collective skills among board members and employees will guarantee the excellence of cooperative society. On top of that, the welfare of cooperative members must be well conserved to refrain from institutional problems and failures. Leaders of housing cooperatives should know how to control the business and must have a friendly relationship with other members. Similar to other homebuilders, branding and land banks are essential to prosper in the housing development. A pleasant connection with local authority and other related government officials is also important to ease the process of development. The old adage ‘nothing ventured, nothing gained’ holds for every business that has the courage to take considered risks. To minimise the risks in a joint venture, he also discloses a secret practice of providing an upfront deposit for any collaboration. This approach is somewhat relevant and intelligent to be emulated by other real estate developers.
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ANGKASA (acronym for Angkatan Koperasi Kebangsaan Malaysia Berhad) is an APEX cooperative, recognised by the government as the National Cooperative Movement of Malaysia.
- Koperasi Tunas Muda Sungai Ara Berhad
Azlan Raofuddin Nuruddin
Syed Putra Syed Abu Bakar
- Springer Singapore
- Chapter 19
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