Property developers come out for South East Asia Property Awards 2016

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(From left) Jones Lang Wootton judging committee chairman and executive director Prem Kumar, PropertyGuru Malaysia country manager Sheldon Fernandez, PropertyGuru International business development director Rachel Gianchandan, BDO audit partner Audrey Chan and title sponsor Hansgrothe representative Jason Tan posing for a photo during the unveiling of the list.

(From left) Jones Lang Wootton judging committee chairman and executive director Prem Kumar, PropertyGuru Malaysia country manager Sheldon Fernandez, PropertyGuru International business development director Rachel Gianchandan, BDO audit partner Audrey Chan and title sponsor Hansgrothe representative Jason Tan posing for a photo during the unveiling of the list.

KUALA LUMPUR: The Malaysian real estate industry leaders yesterday unveiled the official list of nominees for the third annual South East Asia Property Awards (Malaysia) 2016, an industry showcase of excellence organised by the PropertyGuru Group.

Genting Property dominates the list of nominees 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) award.

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

Aside from returning contenders Mah Sing Group, IOI Properties Group Berhad and Hatten Group Sdn Bhd, first-time nominees such Belleview Group, Curah Bahagia Sdn Bhd, LBS Bina Group Bhd, 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.

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.