Outstanding developments in Phnom Penh, Siem Reap and Sihanoukville will be recognised at the third edition of the Awards
Nominations are being accepted until 5 January 2018
The third edition of the PropertyGuru Cambodia Property Awards to recognise the finest developers and real estate projects in the country has been launched in Phnom Penh.
Presented by KHI, the annual PropertyGuru Cambodia Property Awards will hold its annual black-tie gala evening on 16 March 2018 at the Sofitel Phnom Penh Phokeethra where the launch press conference was held.
The prestigious competition is open to property developers and companies with eligible developments located in Phnom Penh, Siem Reap and Sihanoukville – the location of some of the most exciting and innovative properties in the country today.
Developers and the general public are welcome to submit nominations until 5 January 2018, while entries are accepted until 12 January. There is no fee to enter.
Categories are grouped into three main sections: Developer, Development and Design. There will also be a selection of special awards for promoting corporate social responsibility (CSR) and excellence in sustainable development, green building and universal design.
In addition, the editors of Property Report magazine are searching for the next Cambodia Real Estate Personality of the Year to celebrate an individual who has displayed innovation, ambition and achievements in the local real estate industry. The winner of this special award will be named before the 2018 gala dinner.
More than 30 projects from 13 companies joined the 2017 competition, with 11 developers making the final shortlist and Borey Peng Huoth Group winning its second consecutive Best Developer (Cambodia) title.
For the 2018 edition, the number of participating developers is expected to increase as the Awards become more competitive and more outstanding projects are announced.
Special award for ‘Positive Construction Practices’ added
A new award to recognise a developer’s commitment to the construction sector and well-being of workers will be presented by official charity CARE International, which has supported the previous edition of the Awards. Dubbed ‘CARE Special Recognition for Positive Construction Practices’, the award will be judged according to the following criteria:
- The percentage and/or number of women who have received training on their rights and are engaged in peer networks.
- The percentage and/ or number of managers and supervisors (including subcontractors) who have received training on women workers’ needs and issues.
- Demonstrated commitment to gender equality including: providing equal remuneration for equal work or work of equal value; and providing equal access to opportunities, including access to training, learning new skills, equipment that’s needed for skilled work and promotion.
- Demonstrated commitment to providing secure and quality housing for female workers who live onsite or in company housing.
- Demonstrated commitment to occupational health and safety for all workers, particularly women.
Safe building and best practices are increasingly becoming a priority in Cambodia’s real estate and construction sectors, which have grown tremendously in recent years as demand for properties in tourism hotspots increase, allowing the coastal area of Sihanoukville to become more prominent on investors’ radar, based on a recent Realestate.com.kh survey.
Hari V. Krishnan, CEO of PropertyGuru Group: “The growth of the Cambodian real estate and construction sectors in recent years has been remarkable, and we are delighted to continue our focus on one of Southeast Asia’s rapidly emerging property markets.”
He added: As majority of domestic consumers now begin their property search online, the PropertyGuru Cambodia Property Awards plays a significant role as a starting point where consumers can embrace innovation and discover the best properties of the year.”
Supervised by BDO, the world’s fifth largest auditing and accountancy firm, the PropertyGuru Cambodia Property Awards is judged by an independent panel of industry experts led by Sorn Seap, founder and director of Key Real Estate Co Ltd.
Promoting real estate and construction growth
“I believe the awards programme has become a great contributor to the construction and real estate industries in Cambodia, attracting the attention of investors from around the region and the rest of the world to consider investing in the Cambodian property sector,” Sorn Seap said. “The Awards have become an institution now that plays a significant role in promoting real estate and construction growth in Cambodia.”
In 2017, an estimated 300 guests attended the black-tie gala evening at the Sofitel Phnom Penh Phokeethra, attended by several VIPs, including H.E. Senior Minister Chea Sophara Minister of Land Management, Urban Planning and Construction, who delivered the keynote address. Cambodia News Channel televised the presentation.
Terry Blackburn, founder and managing director of the PropertyGuru Asia Property Awards, said: “It’s a tremendous honour to be responsible for providing a platform to recognise and reward the country’s leading developers and projects. We hope that the Cambodia Property Awards will encourage even better quality construction, more innovative design and sustainable development in the years ahead.”
The PropertyGuru Cambodia Property Awards 2018 is supported by title sponsor KHI Huot Co., Ltd.; official portal partner Realestate.com.kh; official charity CARE International; media partners Southeast Asia GLOBE, Construction & Property, and PropertyGuru Property Report magazines; supporting association European Chamber of Commerce in Cambodia (EuroCham); and official supervisor BDO.