This article first appeared in City & Country, The Edge Malaysia Weekly on November 11, 2019 - November 17, 2019
Judges’ remarks
Michael K K Kong
Founder,
MacReal International Sdn Bhd
President of PEPS
This year’s winner for The Edge Malaysia-PEPS Value Creation Excellence Award for the residential category — Pangsapuri Danau Seri — is part of the 278-acre Valencia master plan. It enjoys similar good master planning, beautiful natural surroundings and overall serenity.
A good development should be sustainable with a close-knit community working together to safeguard, upkeep and enhance its value. I believe Pangsapuri Danau Seri has the attributes to carry this forward.
Gateway 16 in Bandar Bukit Raja won the award for the non-residential category. A well-thought-out industrial scheme within the Bandar Bukit Raja township, Gateway 16 comprises 1½-storey detached and semi-detached factories. Its simple yet practical design, which is modern and flexible, attracts small and medium industries and enterprises from Klang and its surrounding areas.
Dainah Mahmud
Principal, IW Properties Putrajaya
Vice-president of PEPS
Over the years, Bandar Bukit Raja in Klang has been thriving as a township with its good accessibility, traditional businesses and proximity to Port Klang.
The developer saw the potential for Bandar Bukit Raja to become an integrated township with residential, commercial and industrial components. Hence, the launch of Gateway 16, an industrial park with good connectivity via several major highways.
The winning points for Gateway 16 include its modern design, high quality construction and flexibility in layout. The lobby and mezzanine floor can be used as display areas.
Foo Gee Jen
Managing director, CBRE | WTW
Immediate past president of PEPS
We are impressed with Pangsapuri Danau Seri in the residential category. It shows that affordable homes can be of high quality and be part of an award-winning township.
As part of the 278-acre Valencia development, the apartments offer resort-living in a prime neighbourhood with a golf course.
Izumi in Phase 27 in Bandar Botanic demonstrates the timeless principle that superior quality will always be in demand, and buyers are always willing to buy quality products.
For the non-residential category, Gateway 16 in Bandar Bukit Raja was adjudged the winner because of its contribution of commercial and industrial developments in enhancing the overall value of the township as well as its high investment returns.
RESIDENTIAL
WINNER
Pangsapuri Danau Seri
Company: Gamuda Bhd — Property Division
MENTION
Phase 27, Ambang Botanic 2
Company: Gamuda Bhd — Property Division
NON-RESIDENTIAL
WINNER
Gateway 16 @ Bandar Bukit Raja
(1 ½-storey semi-detached factory)
Company: Sime Darby USJ Development Sdn Bhd
Methodology
The award is aimed at helping consumers find properties that have the greatest value creation in terms of capital appreciation and recognising the developer whose properties have achieved the highest value creation.
Judging criteria:
- The average capital appreciation derived from the property developer’s selling price to the actual transacted price or deemed market value of any subsequent sale of five properties.
- The average capital appreciation per year over a period of not more than five years, derived from the average capital appreciation as stated in the criteria above.
- Qualitative attributes based on the occupancy rate, master planning and the sustainability of value.
Scores are tallied based on a weightage of 65% for criteria A, 15% for criteria B and 20% for criteria C. The five-member judging panel comprised three representatives from the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) and two from The Edge.
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