Last year’s winners from the South East Asia Property Awards (Malaysia).
The final deadline for submission of nominations for the South East Asia Property Awards (Malaysia) 2016 is this Friday, 3 June, said awards organiser Property Report. Now in its third year, the event honours the top real estate developers and developments in Malaysia.
Last year’s winners included leading companies such as Mammoth Empire, S P Setia, Front Concept Group and Sime Darby Property.
Despite the slowdown in Malaysia’s property market, there is optimism that 2016 will bring a turnaround.
PropertyGuru’s latest Malaysia Property Market Sentiment Survey Report noted that investors are considering purchasing properties in the country once again, despite the slowing economy, weakening currency and rising property prices. That’s because they believe there are good prospects for long-term capital appreciation.
“The biggest challenge facing the industry this year is the consolidation of the real estate market and the uncertainties facing it,” said Prem Kumar, Executive Director of Jones Lang Wootton and chairman of the judging panel.
“Stakeholders are increasingly finding it tough to make critical decisions as the future direction continues to be vulnerable to negative market forces.”
Developers, industry players, consumers and the general public are eligible to enter nominations. All entrants are judged by an independent panel of industry experts.
The nominees will be announced in July, while the awards ceremony will take place in Kuala Lumpur on 11 August.
This article was first published on DDproperty.com, Thailand’s leading property site.
