S P Setia ranked first for seventh year

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KUALA LUMPUR: S P Setia Bhd was ranked the No 1 developer in Malaysia at The Edge Malaysia Top Property Developers Awards (TPDA) 2012 for the seventh time.
The developer was first in the annual TPDA rankings from 2005 to 2008 and again in 2010 and 2011. This year, S P Setia led in both the quantitative and qualitative sub-rankings, winning the Best Qualitative Attributes Award trophy as well. Its president and CEO Tan Sri Liew Kee Sin took home The Edge Malaysia Outstanding Property Personality Award 2012.
The TPDA is the anchor award of The Edge Malaysia Property Excellence Awards. The awards presentation gala night was held last night.
Other developers that made it to the TPDA 2012 top 10 rankings were Sunway Bhd (2), Sime Darby Property Bhd (3), IGB Corp Bhd (4), UEM Land Holdings Bhd (5), I&P Group Sdn Bhd (6), Mah Sing Group Bhd (7), Gamuda Bhd’s property division (8), Bandar Utama City Corp Sdn Bhd (9) and IJM Land Bhd (10).
The Edge Malaysia Property Excellence Awards also featured The Edge-PEPS Value Creation Excellence Award and The Edge-PAM Green Excellence Award.
In addition, four new awards were introduced this year — the Best in Qualitative Attributes Awards, The Edge Malaysia Outstanding Property Personality Award, The Edge Malaysia Notable Achievement Award and The Edge Malaysia Outstanding Property Project Award.
The Edge Malaysia Notable Achievement Award was won by UOA Development Bhd, the developer of Bangsar South. This award recognises the developer that has made significant success in raising its profile and reputation through its products and branding as a leading player in the country in recent times.
The Edge Malaysia Outstanding Property Project Award, which recognises completed projects that have made an impact through their design and concept, was awarded for the iconic Petronas Twin Towers in KLCC, and conservation project Cheong Fatt Tze mansion in Penang.
Shopoffices in The Lake Precinct Business Park 2 in Kota Kemuning, Shah Alam, and cluster homes at The Gateway precinct in Horizon Hills, Nusajaya won The Edge-PEPS Value Creation Excellence Award 2012 in the non-residential and residential categories respectively. Kota Kemuning and Horizon Hills are joint venture projects between Gamuda and DRB-Hicom Bhd, and Gamuda and UEM Land respectively.
The value creation award jointly initiated by The Edge and the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector (PEPS) recognises developments that have rewarded their purchasers in terms of capital appreciation in an outstanding way.
Platinum Sentral, a low-rise office building in KL Sentral developed by MRCB Sentral Properties Sdn Bhd, a subsidiary of Malaysian Resources Corp Bhd, is the winner of The Edge-PAM Green Excellence Awards 2012. The award was initiated in partnership with the Malaysian Institute of Architects (PAM) to recognise projects that demonstrate sustainable design innovation while contributing positively to the community.

(From left) Au, Chor, Liew and Kam striking a pose for the camera at the awards ceremony.

Housing and Local Government Minister Datuk Seri Wira Chor Chee Heung presented the awards. Chor said the prestigious awards allow top-notch developers to stand out. “Kuala Lumpur’s city skyline changes every six months thanks to the continuous efforts by our local developers and investors making Kuala Lumpur similar to any top-notch city in the world,” he said.
The Edge Communications Sdn Bhd managing director Au Foong Yee said in her speech, “The Malaysian property investment landscape is fast evolving and this year marks a new milestone for The Edge property awards. We hope to further raise the bar on the quality of Malaysian property.”
Introduced in 2003, this year marks the 10th year of the TPDA. Property developers are ranked based on their quantitative and qualitative attributes from the consumer’s perspective.
All companies listed on Bursa Malaysia’s property sector are automatically eligible for the awards.
The judges included International Real Estate Federation (Fiabci) Malaysia past world president Datuk Alan Tong, Fiabci Malaysia immediate past president Datuk Richard Fong, Real Estate and Housing Developers’ Association (Rehda) Malaysia past president Datuk Jeffrey Ng, Fiabci Malaysia recent past president Datuk Teo Chiang Kok, Fiabci Malaysia past president Kumar Tharmalingam, Rehda Malaysia past president Datuk Eddy Chen, Rehda Malaysia president Datuk Seri Michael Yam and Ho Chin Soon Research founder Ho Chin Soon. The Edge was represented by its managing director Au Foong Yee and executive editor, property, Sharon Kam.
The main sponsor of the awards was Malayan Banking Bhd and the supporting sponsor Malaysia Property Inc.
Full details of The Edge Malaysia Property Excellence Awards 2012 will be published in the Oct 22 issue of City & Country, the property pullout of The Edge.
This article first appeared in The Edge Financial Daily, on Oct 19, 2012.