Newly introduced Joint Development Awards added to Special Awards
The Malaysia Developer Awards 2023, one of the most prestigious property awards in the country, is now open for submissions from property developers across Malaysia. This event is a celebration of excellence and innovation in the property industry, recognising outstanding achievements and contributions to the development of Malaysia's built environment.
The Malaysia Developer Awards (MDA), organised by Star Media Group and FIABCI-Malaysia, is open for the Special Awards categories, namely International Awards, Joint Development Awards, Rising Star Awards and Transformation Awards. Developers, large or small, who have contributed to the property industry in Malaysia through their exceptional projects, designs and innovations may be eligible with their respective developments.
This year sees the introduction of the new Joint Development Awards. This category is for developers who have joined forces and expertise to leverage on each other’s capabilities to develop at least one property. In the normal circumstance, the joint venture (JV) can be two or more Malaysian developers, however, the participating JV can also be between a Malaysian developer and a foreign developer, provided that a consortium has been formed for the project.
Developers who have managed to penetrate markets beyond their country of origin, and garnered exceptional success through new ideas and concepts while inspiring their peers will be recognised in the International Awards category.
As for the Transformation Awards, this category acknowledges developers who have transformation projects from the rescuing of abandoned projects to the rejuvenating of old and dilapidated buildings or converting of mining, quarry, disused or derelict land into a grand development.
The Rising Star Awards seeks to uncover and highlight new and budding developers who have just set foot into the industry but have set themselves apart from their peers by demonstrating their potential to develop into leading voices.
To participate in the Malaysia Developer Awards 2023, property developers must submit their entries online before the deadline on July 12 this year. The MDA 2023 submission kit can be downloaded from the Malaysia Developer Awards website.
The entries will be judged via a panel comprising industry leaders and professionals. With the submission process now open, developers are encouraged to showcase their innovative and exceptional projects and designs, and to compete for the prestigious awards.
Meanwhile, for the Top-of-the-Charts Awards, the invitations to the eligible property developers will be sent as of June 1, 2023. Divided into two categories, namely for companies with a market capitalisation of RM1 bil and above and for companies with a market capitalisation below RM1 bil.
This year’s criteria have also undergone some tweaking to streamline and strengthen the assessment process. The quantitative attributes will now hold a weightage of 50% against last year’s 70% while the qualitative attributes, which are also valued at 50%, have given more weight towards the environmental, social and governance (ESG) attribute with the addition of the sustainable development goals (SDGs) and carbon-free footprint aspects.
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