In every city, there exist pockets of abandoned properties, underutilised land or areas in distress. These urban scars are often the result of evolving patterns of urban expansion and economic fluctuations. Within these neglected spaces, a growing population of impoverished and vulnerable residents faces the brunt of urban decay, contributing to a significant portion of the global increase in urban population.
However, the story does not end here. Such distressed areas possess the potential for remarkable transformation. Malaysia, in particular, has been a witness to a series of urban metamorphoses. These initiatives range from the resurrection of abandoned projects to the rejuvenation of old and dilapidated structures, even the conversion of mining sites, quarries, and derelict lands into magnificent developments.
Recognising the tremendous efforts invested in these transformation projects, the Malaysia Developer Awards committee is determined to give credit where it's due. Developers who have breathed new life into once-neglected areas are deserving of acknowledgement and applause.
The Transformation Award
This prestigious category is dedicated to honouring developers who have undertaken transformation projects. Unlike other award categories, the Transformation Award does not discriminate based on the size of the project. Instead, it places a significant emphasis on the project's merits, requiring developers to present compelling results justifying their entry for this distinguished recognition.
Much like the criteria for the Rising Star Award, the Transformation Award's evaluation process is rooted in project attributes. Seven key attributes are considered, as outlined in the table. However, it doesn't stop there. The award also delves into the company behind the transformation. Participating property developers are required to provide an array of information, covering development details and activities from the project's inception to completion. Additionally, the developers undergo rigorous scrutiny for their financial prudence and long-term sustainability.
This year saw only one property developer vying for the Transformation Award although this did not mean that they would automatically be awarded the trophy. To qualify for the award, any participating developer would be required to meet the stringent criteria which is assessed by an esteemed panel of highly experienced judges. Companies that fail to meet the criteria will be disqualified from the award.
This coveted trophy was presented by Star Media Group chief executive officer Alex Yeow, and witnessed by FIABCI Malaysia president Datuk Firdaus Musa, to I-Berhad for its i-City development, acknowledging its dedication and vision that have breathed new life into Shah Alam, Selangor.