Well done: FIABCI World Prix d’Excellence Awards Gold Winners showing off their certs and trophies as they pose with Nga (centre) during a special luncheon. — CHAN TAK KONG/The Star
PUTRAJAYA: Local developers have made the country proud by winning gold awards at the esteemed FIABCI (International Real Estate Federation) World Prix d’Excellence Awards, says the Housing and Local Government Minister.
Nga Kor Ming said 21 Malaysian real estate developers had won a total of 35 gold awards between 2014 and 2024.
Likening the FIABCI awards to the “Oscars” of real estate, he said the international recognition was proof of local developers’ level of capability and commitment in providing sustainable and world-class standard housing.
“It also proves that local developers are capable of standing shoulder to shoulder with leading developers worldwide,” he said during a special luncheon he hosted here yesterday for the 21 local developers.
Nga said Malaysia won its first FIABCI award in 1995 and has since consistently received at least one such award every year.
This year, Malaysian developers clinched six gold awards out of 14 categories in the awards ceremony held on May 30 in Singapore.
The latest winners were SkyAwani 3 Residences Project (SkyWorld Development Bhd) in the Affordable Housing category; Tamarind Square Project (Tujuan Gemilang Sdn Bhd) in the Mixed-Use Development category; Parc3 @ KL South (Eupe Corp Bhd) in the Residential (High-Rise) category; Queens Residences Q1 (Ideal Property Group) in the Residential (Mid-Rise) category; Saujana Duta (IJM Land Bhd) in the Residential (Low-Rise) category; and Pavilion Bukit Jalil (MTrustee Berhad for Pavilion REIT) in the Retail category.
Nga hoped that with the government’s recognition and support, more local developers would strive to pursue and enhance excellence in the real estate sector both domestically and internationally.
Speaking to reporters later, the minister said the six gold awards were for housing projects based in Malaysia.
“Malaysia has succeeded in surpassing other formidable players in the industry, including Singapore’s HDB, not only for mega shopping malls but also in affordable housing projects,” he said.
Nga encouraged those aspiring to win awards to adopt good practices.
“Let good practices continue to elevate quality and sustainability (of the industry), and ultimately this will benefit homebuyers.
“We hope that the practice of excellence can become a culture in the real estate sector,” he said.
He said he hoped to elevate the professionalism of the industry and change the negative perception in associating development with abandoned projects.
“The award winners are very well-deserved. They went through six stages and 28 judges, it is not easy,” he said.
Nga also announced that Malaysia will host the Asean Property Summit in Kuala Lumpur next year.
“It will be a significant event, bringing together industry leaders, experts and stakeholders from across the region to discuss, innovate and collaborate on the future of real estate in Asean,” he said.
