Malaysia’s finest real estate tilt calls for fresh nominations until 3 June
Malaysia’s finest real estate tilt calls for fresh nominations until 3 June
Last chance to nominate your favourite developers and projects for South East Asia Property Awards (Malaysia) 2016
Time is running out to nominate your favourite real estate developers and developments for the South East Asia Property Awards (Malaysia) 2016, the most prestigious and most credible real estate awards programme in the country.
Organised by PropertyGuru, Asia’s No. 1 online property portal group, the third annual awards will celebrate Malaysia’s established and emerging developers, with categories covering the condominium, housing, retail, hotel and office developments.
Nominees will follow the tremendous success of last year’s biggest winners, including Mammoth Empire, S P Setia, Front Concept Group and Sime Darby Property, who all enjoyed a boost in their reputation as some of the best and most innovative developers in the country and the entire ASEAN region.
Although it has been a sluggish last two years for the real estate industry, the tides could be turning for the Malaysian property sector.
According to PropertyGuru’s Malaysia Property Market Sentiment Survey Report H1 2016, investors are warming up again to the idea of purchasing properties in Malaysia despite its slowing economy, weakening currency, and rising property prices.
More: Malaysian buyers prefer new homes
“The biggest challenge facing the industry this year is the consolidation of the real estate market and the uncertainties facing it,” says 30-year property veteran Prem Kumar, executive director of Jones Lang Wootton and chairman of the 2016 central panel of judges.
“Stakeholders are increasingly finding it tough to make critical decisions as the future direction continues to be vulnerable to negative market forces.”
Many property buyers in Malaysia, however, have shown satisfaction towards the industry despite the unpredictability of the domestic market, with 49 percent of survey respondents saying that they are confident that there is a good prospect for long-term capital appreciation.
“The Malaysian real estate sector has been known to be resilient and accordingly has not experienced any drastic market irregularities since the Asian Financial Crisis in 1997. Therefore, although the current market environment could be challenging, the long-term growth of the real estate will not hampered especially in view of government policies that have always encouraged growth of the sector as one of the key contributors to the advancement of the Malaysian economy,” Kumar explains.
More: Malaysia named one of the most attractive nations for infrastructure developments
Another positive sign for the local market is the return of the South East Asia Property Awards (Malaysia), which provides a much-needed boost for developers and industry players as they contribute to rebuild investor confidence with their world-class developments.
Terry Blackburn, founder and managing director of the Asia Property Awards, commends the resilience of the Malaysian property sector. “For the last three years we have provided a fantastic opportunity for local developers to prove to the world that Malaysian developments uphold global standards and deserve to be recognised at the country level.
“When the South East Asia Property Awards (Malaysia) debuted in 2014, things were not looking favourable to industry, but thanks to the overwhelming response from entrants we’ve received year after year, the South East Asia Property Awards (Malaysia) programme has grown to be the most credible and respected national awards system for the country’s finest real estate.”
Nominations are accepted until Friday, 3 June, and may come from developers, industry players, consumers and the general public. The deadline for entries is on 10 June. Entry is free.
More: Got questions about the Asia Property Awards?
All eligible entrants will be rigorously and fairly judged by an independent panel of industry experts, who will conduct site visits to long-listed developments in order to determine the official shortlist of nominees – to be revealed in mid-July – comprising one Winner and up to four Highly Commended in each category.
BDO, one of the world’s largest accounting and auditing firms, is back as the trusted awards supervisor of the Asia Property Awards system, which, in its 11th year, is widely recognised for its fairness and transparency.
The South East Asia Property Awards (Malaysia) 2016 Gala Dinner and presentation ceremony will take place on Thursday, 11 August, at the InterContinental Kuala Lumpur, where around 300 CEOs, presidents, managing directors and top real estate professionals will gather to applaud the year’s best of the best, some of which will move on to compete in Singapore with their ASEAN peers at the South East Asia Property Awards grand finals in November.
The event will be boosted by the support of title sponsor Hansgrohe, a leading global manufacturer of innovative and designer bathroom products, official media partner Property Report, presenter of the high-level real estate networking conference Property Report Congress Malaysia, as well as the network of 16 million real estate consumers of awards organiser PropertyGuru Group, including Malaysia’s No. 1 property portal, PropertyGuru.com.my.
To submit nominations and book super early bird tickets (offered until 15 June only), visit the official website.
Source: Property Report