Gearing up for The Edge Malaysia Property Excellence Awards 2021

This article first appeared in City & Country, The Edge Malaysia Weekly, on May 10, 2021 - May 16, 2021.
The Edge Media Group publisher and group CEO Datuk Ho Kay Tat with last year’s Top 10 developers

The Edge Media Group publisher and group CEO Datuk Ho Kay Tat with last year’s Top 10 developers

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It is that time of the year again when we welcome submissions for the annual The Edge Malaysia Property Excellence Awards (TEPEA). No doubt it has been a challenging time globally, and for all sectors. Nevertheless, the local property market seems to be on the mend, judging by the number of property launches seen in the past few months, as well as those planned for the rest of the year and early next year.

Established in 2003, TEPEA is recognised as an industry benchmark to honour property players across the board. Submissions for the 2021 awards can be made between May 10 and June 11 (by 5pm). 

Now in its 19th edition, TEPEA aims to recognise the best in property development as well as to guide homeowners and investors who are looking to buy properties and help them make better decisions. 

Apart from the all-important Top Property Developer Award (TPDA), other award categories include The Edge Malaysia-PEPS Value Creation Excellence Award (in partnership with the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia), The Edge Malaysia-PAM Green Excellence Award (in partnership with the Malaysian Institute of Architects), The Edge Malaysia Affordable Urban Housing Excellence Award and The Edge Malaysia Outstanding Overseas Project Award. 

Last year, S P Setia Bhd won the top spot in the TPDA, securing the title for the fifth consecutive year. The developer had fallen to No 3 in 2014 and No 4 in 2015 before making a comeback to clinch the top spot in 2016. S P Setia was also a joint winner of the Best in Qualitative Attributes sub-award, together with Sunway Bhd’s property division. 

Other companies listed in the top 10 of TPDA 2020 were Sime Darby Property Bhd (No 2), Sunway’s property division (No 3), UOA Development Bhd (No 4), IJM Land Bhd (No 5), Gamuda Bhd’s property division (No 5), UEM Sunrise Bhd (No 6), IOI Properties Group Bhd (No 6), Mah Sing Group Bhd (No 7), Eco World Development Group Bhd (No 8), Tropicana Corp Bhd (No 9) and IGB Bhd (No 10). IJM Land and Gamuda’s property division shared the No 5 spot while UEM Sunrise and IOI Properties shared the No 6 position. UOA Development won the Best in Quantitative Attributes sub-award.

The TPDA is audited by Deloitte Malaysia and evaluated based on the companies’ quantitative and qualitative attributes. The qualitative category will have judges evaluating the companies based on their image, expertise, innovation and creativity, product quality and the level of value creation, while the quantitative category will see them review the companies based on their shareholders’ funds, turnover, profitability and cash or gearing.

Thanks to the rollout of the Covid-19 vaccination programme and easing of movement restrictions this year, developers are seeing pent-up demand for property and are capitalising on it. Along with a low interest rate environment and incentives such as the ongoing Home Ownership Campaign (HOC) by the government, industry observers reckon that the market is poised for a gradual recovery. 

All companies on Bursa Malaysia’s Property Index are automatically considered for the awards while non-listed developers that are interested to be ranked need to submit the necessary documentation.

TEPEA is presented by City & Country, the property pullout of The Edge Malaysia, and supported by EdgeProp.my. Entry forms can be downloaded for free from theedgemarkets.com and edgeprop.my.