PropertyGuru has announced the return of Myanmar’s biggest gathering of real estate achievers
After two highly successful editions, PropertyGuru, Asia’s leading online property group, has launched the third annual Myanmar Property Awards 2017, which is set to take place on Friday, 30 June 2017, at the prestigious Sule Shangri-La Yangon.
The black-tie event will see the country’s leading and up-and-coming names in property development, architecture and design competing for the year’s biggest honours in real estate, with categories covering the residential, commercial and hospitality sectors.
Nominations for the 2017 edition are now open for all developers, consumers and the general public and can be made online at AsiaPropertyAwards.com/nominations/. More than 120 submissions are expected for the awards programme’s third edition, a significant increase from 76 eligible entries last year.
Deadline for nominations is on 21 April. The official shortlist, comprising one Winner and up to four Highly Commended companies or projects in each category, will be revealed by an independent judging panel in the final week of May.
The 2017 programme was formally unveiled on 14 December 2016 in a press conference held in the Konbaung-Takaung Room of Sule Shangri-La Yangon, where Asia Property Awards founder and managing director Terry Blackburn was joined on the panel by chairman of the judges Richard Emerson, managing director at Emerson Real Estate (Myanmar), and Zaw Erskine, director at BDO, the world’s fifth largest auditing and accountancy firm and the official judging supervisors.
Prior to the press conference, an exclusive welcome presentation and launch party took place at the same venue on 13 December, followed by a cocktail reception at Sule Shangri-La’s The Gallery Bar later in the evening.
With its free-to-enter awards system, the Myanmar Property Awards has established its reputation as the most credible and transparent industry recognition programme showcasing the most outstanding developers and projects in Myanmar.
In addition to the various categories, there will be special awards for Best Green Development, Special Recognition in CSR and Special Recognition in Sustainable Development. There will also be a new Real Estate Personality of the Year as chosen by the editors of Asia’s industry-leading Property Report magazine.
In 2016, Myanmar hailed the biggest winner, four-time awardee Shwe Taung Development Co Ltd, which collected its Best Developer trophy, while Keppel Land and Capital Development also received top awards. Respected veteran businessman Serge Pun, executive chairman of the SPA Group of Companies, was presented the coveted Real Estate Personality of the Year accolade.
“I was very honoured and very humbled to be recognised by the Myanmar Property Awards,” said Serge Pun when he received the 2016 Real Estate Personality of the Year award during the well-attended gala dinner. “These awards are an encouragement for all of us in the Myanmar property industry to do better in the future.”
Myanmar’s top national winners will compete in the annual Asia Property Awards 2017 grand finale to be held at the end of next year in Singapore, opening up their businesses to new audiences around the region.
“It has been a momentous year for the Asia Property Awards, and it is an honour to return to Myanmar to celebrate the country’s finest real estate companies and developments for a third consecutive year,” says PropertyGuru’s Blackburn. “As ever, Myanmar continues to be a frontier market in Asia, with a rapidly growing economy that is poised to exceed expectations in 2017 per World Bank projections.”
Judging panel chairman Emerson, who has been involved with the Myanmar Property Awards since it first handed out its first national awards in mid-2015, notes that a key trend next year will be the migration to new buildings as East Asian investors and expats enter the market.
“Myanmar’s tourism infrastructure is critical to sustain the real estate market in 2017, as well as fleshed-out economic policies,” he says. “Access to mortgage financing is going to be key and proper implementation of the recently approved Condominium Law is needed.
“Right now there are a lot of foreign investors coming in – and there clearly is enough demand in the market – but it may not be sustained if Myanmar is not a mortgage market.”
He adds: “We can now look forward to working with Myanmar’s new government to overcome the challenges which lie ahead in moving towards a sustainable and progressive real estate market which benefits the growth of the country and its people in the long term.“
Endorsed by media partners such as Property Report, the official property portal ShweProperty.com, and supporting associations Australia-Myanmar Chamber Commerce and the European Chamber of Commerce Myanmar, the annual Myanmar Property Awards 2017 gala dinner will begin with a two-hour international cocktail networking reception, followed by a lavish four-course dinner, and the awards ceremony proper.