Petronas Twin Towers shine at TheEdgeProperty.com Malaysia’s Best Managed Property Awards 2017

PETALING JAYA (April 3): The iconic Petronas Twin Towers led the list of properties that emerged tops at the inaugural TheEdgeProperty.com Malaysia’s Best Managed Property Awards 2017.

Petronas Twin Towers was the Gold winner in the non-strata commercial category. It was also awarded TheEdgeProperty.com Editor’s Choice Award: Iconic Innovation.

In the same category, The Pinnacle @ Sunway City took the Silver followed by Wisma Selangor Dredging (Bronze) while Menara PKNS received a special mention.

The Pinnacle was also chosen as a recipient of the Editor’s Choice Award: Built for Sustainability.

There were two Gold winners in the strata commercial segment, namely Menara Bangkok Bank @ Berjaya Central Park and Integra Tower, both located in Kuala Lumpur’s Golden Triangle.

Queensbay Mall Penang and Mercu Summer Suites in KL were joint Silver winners in the same category.

The Gold winner in the residential category (non-strata) was Valencia township in Sungai Buloh, Selangor while Duta Nusantara emerged the Silver winner and Duta Tropika, the bronze winner. Riverview Kemensah received a special mention.

Meanwhile, The Binjai on the Park located in KLCC and 28 Mont’Kiara in Mont’Kiara, KL, emerged as Gold winners in the strata residential category. Madge Mansions took the Silver while The Oval KL (East Tower) received a special mention.

The mixed development category saw Solaris Dutamas and Solaris Mont’Kiara taking the Gold and Silver respectively.

UEM Sunrise Bhd, the developer of 28 Mont’Kiara, Solaris Mont’Kiara, Solaris Dutamas and Mercu Summer Suites received the Editor’s Choice Award: Exemplary Community Builder.

The first of its kind, TheEdgeProperty.com Malaysia’s Best Managed Property Awards was organised in partnership with Nippon Paint Malaysia and Panasonic Malaysia, supported by the Malaysian Institute of Professional Property Managers (MIPPM), the Building Management Association Malaysia (BMAM), the Malaysian REIT Managers Association (MRMA) and The Edge Malaysia.

Submissions for the inaugural awards which began in Nov 18 last year and closed on Jan 23 this year, resulted in more than 50 entries.

Entries were opened to all stratified and non-stratified buildings, managed in-house or by property managers.

Every submission received a RM500 paint voucher and the gold winners tonight will receive a RM10,000 paint voucher each from Nippon Paint Malaysia.

The judges for the 2017 awards were TheEdgeProperty.com managing director & editor-in-chief Au Foong Yee, MRMA chairman Datuk Jeffrey Ng, BMAM member Dr Suntoro Tjoe, City & Country, The Edge Malaysia deputy editor Wong King Wai, Association of Property and Facility Managers in Singapore president Dr Lim Lan Yuan, Chur Associates managing partner Chris Tan and MIPPM vice-president Professor Ting Kien Hwa.

Among the judging criteria is the quality of maintenance, administration of the working committee, collections, financial sustainability, security, community and communication as well as development value or yield.

Notably, TheEdgeProperty.com Editor’s Choice Awards were selected by editors at TheEdgeProperty.com to recognise excellence in a project, building, company or personality that promotes top quality property management practice.

Over 350 of the country’s leading players in the property management industry attended the Awards night.

In her speech, Au said the quality of property management will determine the future value growth of a property.

“This awards was prompted by an understanding of the real estate landscape and what is demanded to take Malaysia forward as a desirable international property investment destination.

“Property investment is not just about buying a roof over one’s head. Neither is it about merely securing a business address. It is about creating value from one’s investment, especially at a time when prices are creeping up. One of the significant building blocks of value creation in a property lies in its upkeep and maintenance,” Au said.

She noted that developers also play an important role in making a building sustainable as a well-designed building will set the foundation of its sustainable property management.

The full details of the TheEdgeProperty.com Malaysia’s Best Managed Property Awards 2017 will be published in a special report in the April 7, 2017 issue of the TheEdgeProperty.com pullout which can downloaded at www.theedgeproperty.com.