Who will be on the MDA 2023 Top-of-the-Charts list?
The Malaysia Developer Awards (MDA) 2023, one of the most prestigious property awards in the country, is currently undergoing the judging process but the question is who will be on the list of the Top-of-the-Charts for both the RM1bil and above tier and below RM1bil tier?
This year’s Top-of-the-Charts criteria have 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.
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.
Organised by Star Media Group and FIABCI-Malaysia, MDA 2023 comprises the Top-of-the-Charts and the Special Awards, which offer four categories, namely International Awards, Joint Development Awards, Rising Star Awards and Transformation Awards.
The Top-of-the-Charts Awards are by invitation only while the Special Awards are open to 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 seek 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.
The entries are judged via a panel comprising industry leaders and professionals. To ensure transparency, the results are validated by Deloitte, one of the Big Four accounting firms. The results will be revealed during the Gala Dinner at M Resort & Hotel on August 24, 2023.