Malaysia wins gold, silver at real estate awards in France


The World Gold winners of the FIABCI World Prix d’Excellence Awards 2022.

A TOTAL of 38 world’s best property developments were awarded at the prestigious FIABCI World Prix d’Excellence Awards 2022 at Lido de Paris in France.

After two years of announcing the award results online, the awards presentation and gala dinner returned to a physical event this year, held in conjunction with the 72nd FIABCI World Congress.

FIABCI World Prix Secretariat secretary Dr Yu Kee Su said since the inception of the award in 1992, relevant categories had been added from time to time in view of the ever-changing trends in the real estate industry and to-date, 16 project categories were available.

The winning Malaysian projects are World Gold Winners KL Eco City (Mixed-Use Development category), The Fennel Sentul East [Residential (High Rise)] and Setia Marina 2 [Residential (Low Rise)], as well as World Silver Winners Gamuda Gardens Central Park (Environmental category), Frontier Park (Industrial), Wisma Mercedes-Benz (Purpose-Built), TimurBay Seafront Residence [Residential (Mid Rise)] and Batu Patong Eco Village (Resort).

Yu said the award was a prestigious recognition, but managing it was time-consuming and required commitment.

He added that he was grateful for the support of participants, property developers and everyone involved.Of the 38 awards, 15 were World Gold Awards and 23 World Silver Awards.

These winning developments were from the United States, Indonesia, Taiwan, Hungary, Singapore and Malaysia.

In a joint press interview during his visit to Malaysia last month, FIABCI World president Jordi Ribo said Malaysian developers were an inclusive group and mindful of consumers’ needs.

He said FIABCI played a role by encouraging stakeholders to elevate themselves to new levels and as a result, improved the property sector through quality and innovative developments.

Yu added that the quality of the local industry itself was excellent, especially the winning projects of Malaysia Property Awards.

On the global real estate outlook, Yu said despite the fact that the market had plummeted due to Covid-19 in the past two years, the resilience and impeccable strength of developers proved to be strong.

As the number of vaccinated people continued to rise and herd immunity was reached, the worst stage of the crisis had passed, and global real estate had recovered gradually last year.

He expected a stronger improvement in real estate in the second half of 2022, especially in tourism and retail sectors.

“The pandemic has only accelerated the transition to industrial digitalisation.

“The precipitation in the past two years has prompted real estate developers to transform, re-strategise and strive to survive in a desperate situation, which has also promoted the rapid growth of various developers,” said Yu.

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