UOA Development takes top spot at The Edge Malaysia Top Property Developers Awards 2021

KUALA LUMPUR (Dec 15): UOA Development Bhd took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA), the first time the company has done so. It also got the top spot in the Best in Quantitative Attributes sub-award.

The 19th TPDA anchors The Edge Malaysia Property Excellence Awards (TEPEA) 2021, which were presented at the gala dinner on Tuesday (Dec 14) night at the Shangri-La Hotel Kuala Lumpur, and graced by the Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican.

Climbing up from No 4 last year, UOA Development’s general manager (project) Stephanie Kong said the achievement is impossible without the contribution from the staff and stakeholders.

“It is such an honour and we didn’t expect that. Getting the award is not possible without the contributions and supports from all the staff and stakeholders of UOA. This award is for each one of us,” said Kong.

Rounding up the top 10 winners are S P Setia Bhd (No 2), Sunway Bhd – property division and Gamuda Bhd – property division (joint No 3), IJM Land Bhd and Sime Darby Property Bhd (joint No 4), Eco World Development Group Bhd (No 5), IOI Properties Group Bhd (No 6), UEM Sunrise Bhd (No 7), Mah Sing Group Bhd (No 8), Matrix Concepts Holdings Bhd (No 9), Tropicana Corp Bhd and OSK Property Holdings Bhd (joint No 10).

Meanwhile, the Best in Qualitative Attributes sub-award went to S P Setia. 

The TPDA is evaluated on both qualitative and quantitative attributes. In the qualitative category, judges evaluate each company on its expertise, image, innovation and creativity, product quality and the value it creates for buyers.

Meanwhile, in the quantitative category, companies are evaluated on their shareholders’ funds, turnover, profitability and cash or gearing. The scores and rankings of the TPDA are audited by Deloitte Malaysia.

In his welcome speech, The Edge Media Group CEO and publisher Datuk Ho Kay Tat said the awards serve not just to recognise the best in property development but also to guide buyers who are looking for properties to buy.

“In tough times, it is the strongest who will prevail but how do we know who are the strongest? It is precisely to provide the answer to this question that we launched these awards, to provide a guide to the public on the strongest and best real estate players in the country.

“The Edge Malaysia Property Excellence Awards have become an industry benchmark on companies which have sustainable financial strength and delivered quality products to their customers to be used as a home or as an investment asset,” Ho said.

Meanwhile, Reeza said the relationship between developers, his ministry and house buyers are symbiotic in building a better and liveable Malaysia.

“TEPEA is a much-anticipated annual affair that recognises the who's who in the property industry. The Covid-19 pandemic has not derailed efforts to honour the best in Malaysia, as evidenced by the ceremony held last year and tonight.

“The unprecedented disruption is a reminder for us to uphold sustainability, to constantly innovate, and to utilise technology to its fullest,” said Reezal during his keynote speech.

TEPEA 2021 also featured a few sub awards, namely The Edge Malaysia – PAM Green Excellence Award 2021, The Edge Malaysia – PEPS Value Creation Excellence Award, The Edge Malaysia Outstanding Overseas Project Award and The Edge Malaysia Property Development Excellence Award.

The winner of The Edge Malaysia – PAM Green Excellence Award 2021 is Penang Harmony Centre by Penang Harmony Corp (Harmonico), while i-Park @ Senai Airport City by AME Development Sdn Bhd and Suasana PJH by Putrajaya Holdings Sdn Bhd received the honourary mention. The award recognises projects that demonstrate sustainable design innovation while contributing positively to the community.

On the other hand, the winner of The Edge Malaysia-PEPS Value Creation Excellence Award went to Residensi Era Novum by Eupe Corp Bhd, while Parkland Residence @ Sungai Melaka by Parkland Residence Sdn Bhd and SkyLuxe On The Park Residences by SkyWorld Development Sdn Bhd took home the merit prize. The award measures the capital appreciation of properties from the developer’s selling price to the subsequent resale price in secondary transactions.

There are three winners for The Edge Malaysia Outstanding Overseas Project Award this year, namely Melbourne Square in Victoria, Australia by OSK Property; Embassy Gardens (Phase 2) in London, the UK by EcoWorld; and Verdana Miranda in New South Wales, Australia by BRDB Development Sdn Bhd. 

Lastly, there are two winners for Property Development Excellence Award 2021, namely City of Elmina of Sime Darby Property and Gamuda Gardens of Gamuda Bhd – property division.

The awards were presented by City & Country, the property pullout of The Edge Malaysia weekly and supported by EdgeProp.my. GSPARX Sdn Bhd, a subsidiary of Tenaga Nasional Bhd, is the official solar partner. Full coverage of the awards is available in the Dec 20 issue of City & Country.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories