KUALA LUMPUR (Nov 24): Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.
Rounding up the Top 10 winners were Gamuda Bhd (KL:GAMUDA) — Property Division (Gamuda Land) and Sunway Bhd (KL:SUNWAY) — Property Division (joint No 2); S P Setia Bhd (KL:SPSETIA)(No 3); UOA Development Bhd (KL:UOADEV)(No 4); IJM Land Bhd(No 5); IOI Properties Group Bhd (KL:IOIPG)(No 6); Eco World Development Group Bhd (KL:ECOWLD) and Mah Sing Group Bhd (KL:MAHSING) (joint No 7); UEM Sunrise Bhd (KL:UEMS)(No 8); IGB Bhd (KL:IGBB)(No 9); and Matrix Concepts Holdings Bhd (KL:MATRIX)(No 10).
Gamuda Land was also the joint winner of the Best in Qualitative sub-category.
As for the Best in Quantitative sub-category, Johor-based developer KSL Holdings Bhd (KL:KSL) took the spot.
The Edge Media Group publisher and group chief executive officer (CEO) Datuk Ho Kay Tat, in his welcome address said that the annual rankings are a good indication of how each company has performed.
“Rankings are like the report cards we had in school. One year, we can be top in class, and the next, we can drop — and the reverse. What is more important is to be strong and good to last the test of time.
“Property development is after all, a long game, and buyers and investors look for those who can sustain through the up-and-down cycles. In that respect, I believe that the benchmark we have set has been beneficial to all stakeholders of the industry,” he added.
This is the 22nd edition of TPDA, which anchors The Edge Malaysia Property Excellence Awards (TEPEA) 2024. The award winners were honoured at a gala dinner, graced by Housing and Local Government Minister Nga Kor Ming on Nov 11, at the Mandarin Oriental, Kuala Lumpur.
TEPEA 2024 also features nine other awards: The Edge Malaysia-PAM Green Excellence Award; The Edge Malaysia-PEPS Value Creation Excellence Award; The Edge Malaysia Affordable Urban Housing Excellence Award; The Edge Malaysia Outstanding Property CEO Award; The Edge Malaysia Outstanding Contribution to the Real Estate Industry Award; The Edge Malaysia Property Development Excellence Award — Master Plan Excellence; The Edge Malaysia Property Development Excellence Award — Global Icon of Malaysia; The Edge Malaysia Excellence in Conservation & Adaptive Reuse Award; and The Edge Malaysia Outstanding Overseas Project Award.
Read the full report in the Nov 25, 2024, issue of City & Country — the property pullout of The Edge Malaysia weekly.
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