New supply from outstanding Malaysian developers shows the market’s continued signs of recovery

The shortlist of the South East Asia Property Awards (Malaysia) 2016 at the Orchid Daria Room of InterContinental Kuala Lumpur
The shortlist of the South East Asia Property Awards (Malaysia) 2016 at the Orchid Dahlia Room of InterContinental Kuala Lumpur. Panelists (L-R): Jason Tan, consultant, title sponsor Hansgrohe; Rachel Gianchandani, business development manager, PropertyGuru International; Sheldon Fernandez, country manager, PropertyGuru.com.my, official property portal; Prem Kumar, chairman of central panel of judges; and Audrey Tan, partner, BDO, official judging supervisor; with Preaw Rungruengrayupkul, awards marketing manager

The Malaysian real estate industry leaders have spoken and today unveiled the official list of nominees for the third annual South East Asia Property Awards (Malaysia) 2016, the country’s most prestigious industry honours organised by the PropertyGuru Group.

One of Malaysia’s leading multinationals, Genting Property, dominates the list of 15 nominated developers with four nods going to its residential developments; two of them, The Raintree and The Crystal, are even competing against each other for the Best Housing Development (South Malaysia) gong.

Not to be outdone, three established real estate firms – namely Sime Darby Property Berhad, United Malayan Land Berhad (UMLand), and Pacific Star Group – clinched three nominations each for their exceptional mid-range and luxury condominium projects located in South and Central Malaysia.

Sime Darby and UMLand, both Highly Commended for the Best Developer award in 2015, are also shortlisted this year in a new category for Special Recognition in Sustainable Development.

In its three-year history, the South East Asia Property Awards (Malaysia) have gathered the country’s biggest and emerging developers to celebrate their achievements, despite certain challenges the industry has witnessed in the last couple of years.

According to 30-year property veteran Prem Kumar, executive director of Jones Lang Wootton, and the chairman of this year’s central panel of judges, the Malaysian real estate sector has always been known to be resilient and its long-term growth will not be hampered by a temporary market slowdown, 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.

Positive signs are being seen in the sector as the South East Asia Property Awards (Malaysia) returns for a third consecutive year. Real estate investors are said to be warming up again to the idea of purchasing local properties with the prospect for long-term capital appreciation, based on the latest Malaysia investor sentiment report from PropertyGuru.

“The annual South East Asia Property Awards (Malaysia) showcases the year’s best properties and investments, which have gone beyond mere financial gains and specific attributes pertinent to the difference and enhancement it has created in the property industry,” comments Kumar.

The 2016 central panel of judges, comprising prominent leaders in real estate development, management, architecture and design, have been working together in the last few months under the fair and transparent supervision of BDO, one of the world’s biggest accountancy and auditing firms, to deliberate on the eligibility and quality of nominations.

Aside from returning contenders Mah Sing Group, IOI Properties Group Berhad and Hatten Group Sdn Bhd, first-time nominees such as Belleview Group, Curah Bahagia Sdn Bhd, LBS Bina Group Berhad, Matrix Concepts Sdn Bhd, Asal Harta Sdn Bhd, EweinZenith Sdn Bhd, and Medini Iskandar Malaysia Sdn Bhd, have also come out to prove that the industry is on the road to recovery.

“We are delighted to reveal the official shortlist of the third annual South East Asia Property Awards (Malaysia) to celebrate the finest developments in the country,” says Terry Blackburn, founder and managing director of the Asia Property Awards, which is now in its 11th year.

More than dozen media outfits covered the shortlist announcement of the South East Asia Property Awards (Malayia) 2016 on 21 July
More than dozen media outfits covered the shortlist announcement of the South East Asia Property Awards (Malayia) 2016 on 21 July

“While the industry has certainly faced some hurdles in the past quarters, our international Awards programme recognises the strengths of Malaysian real estate and provides a credible platform to showcase their innovations and world-class developments to a wide, regional audience.”

As is the with the other Asia Property Awards events in ASEAN, the Best of the Best winners in Malaysia will move on to compete in Singapore at the South East Asia Property Awards grand finals in November.

In addition to the 15 shortlist award categories (19 in total) in Malaysia, the editors of industry-leading Property Report magazine will present the Real Estate Personality of Year accolade to an individual who has contributed significantly to the property sector in the past year. It is the only award not selected by the judging panel.

YB Datuk Chua Tee Yong, the Deputy Minister of the Ministry of International Trade and Industry, is confirmed to be the Guest of Honour of the South East Asia Property Awards (Malaysia) 2016 Gala Dinner, which expects to welcome some 300 guests.

The black-tie event will boosted by the support of title sponsor Hansgrohe, a leading global manufacturer of innovative and designer bathroom products, official media partner Property Report, host of the high-level real estate networking conference Property Report Congress Malaysia 2016, which debuts in Kuala Lumpur right before the annual Gala Dinner, as well as the network of 16 million real estate consumers of the PropertyGuru Group, including Malaysia’s No. 1 property portal, PropertyGuru.com.my.

Early bird tickets to Malaysia’s premier real estate event are offered until 26 July only. For tickets and more information, contact info@asiapropertyawards.com or visit the official website.

The organisers, judges and sponsors of the South East Asia Property Awards (Malaysia) 2016
The organisers, judges and sponsors of the South East Asia Property Awards (Malaysia) 2016

The full list of official nominees in the South East Asia Property Awards (Malaysia) 2016 is below:

DEVELOPER

Special Recognition in Sustainable Development

  • Sime Darby Property Berhad
  • United Malayan Land Berhad (UMLand)

DEVELOPMENT

Best Residential Development (North Malaysia)

  • Moulmein Rise (Luxury Suites) by Belleview Group
  • Upper East @ Tiger Lane, Ipoh by Curah Bahagia Sdn Bhd

Best Luxury Condo Development (Central Malaysia)

  • Serai, Bukit Bandaraya, KL by BRDB Developments Sdn Bhd

Best Mid-Range Condo Development (Central Malaysia)

  • BSP21 by LBS Bina Group Berhad
  • Serini Melawati by Sime Darby Property Berhad
  • Skyz Residence by IOI Properties Group Berhad

Best Housing Development (Central Malaysia)

  • Clusia by Sime Darby Property Berhad
  • Elymus Resort Homes by Matrix Concepts Sdn Bhd
  • Tamansari, Rawang by BRDB Developments Sdn Bhd

Best Luxury Condo Development (South Malaysia)

  • Imperio Residence by Hatten Group Sdn Bhd
  • Puteri Cove Residences by Pacific Star Group

Best Mid-Range Condo Development (South Malaysia)

  • D’Lagoon – Development by the Lake by United Malayan Land Berhad (UMLand)
  • The Atlantis Residences @ Kota Laksamana, Melaka by Asal Harta Sdn Bhd

Best Housing Development (South Malaysia)

  • The Crystal by Genting Property
  • The Raintree by Genting Property

Best Commercial Development

  • Medini 10 by Medini Iskandar Malaysia Sdn Bhd

Best Mixed Use Development

  • D’Sara Sentral by Mah Sing Group

DESIGN

Best Residential Architectural Design

  • City Of Dreams by EweinZenith Sdn Bhd
  • Puteri Cove Residences by Pacific Star Group
  • The Crystal by Genting Property

Best Residential Interior Design

  • Puteri Cove Residences by Pacific Star Group
  • The Crystal by Genting Property

Best Landscape Architectural Design

  • D’Lagoon – Development by the Lake by United Malayan Land Berhad (UMLand)

Note: The awards for Best Developer, Best Boutique Developer, Best Residential Development (Malaysia) and Best Commercial Development (Malaysia) will be revealed during the Gala Dinner on 11 August at the