KUALA LUMPUR, May 21 – Malaysia’s leading property portals have jointly launched the 10th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty—inviting the country’s finest property developers to receive and vie for sought-after hallmarks of excellence in real estate. Bringing two of the nation’s most respected awards programmes to set a new single benchmark for excellence in Malaysian real estate. The landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty is now accepting submissions until 30 June 2023 via: asiapropertyawards.com/nominations
Now in its 10th year of celebrating achievements in property development and design, the search for Malaysia’s finest real estate begins anew at an auspicious time as Malaysia’s economy shows impressive growth. The Malaysian economy expanded by 8.7% YoY in 2022—the highest annual growth recorded since the year 2000 (8.9% YoY). The economy is expected to expand by 4.0% to 5.0 % in 2023, supported by firm domestic demand and ongoing improvements in the labour market. Although demand for homes is likely to be tempered in the first half of 2023 due to rising interest rates.
The second half of the year is shaping up to be more promising as the Chinese economy opens, according to the PropertyGuru Malaysia Property Market Report Q1 2023. The relaxation of Covid-19 measures in China is set to boost the economy in the second half of the year through an increase in tourist arrivals and reduced supply chain disruptions. Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are thrilled to celebrate the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty.
Built on two strong brands and guided by Malaysia’s most trusted property advisors, our awards programme leverages our combined expertise and network to further raise the benchmark of property development and design in the country. The Awards also serve as a quality benchmark for buyers looking to invest in Malaysia’s finest real estate.” The black-tie gala celebration is scheduled to take place at The Majestic Hotel Kuala Lumpur, the official venue of the Awards, on Friday, 24 November 2023.
The public are also encouraged to submit their nominations before the deadline of entries on 30 June 2023 here: asiapropertyawards.com/nominations In addition, the People’s Choice Awards will allow consumers and residents in Malaysia to vote for their preferred and most trusted developers, honouring 10 companies that deliver the Best in Trust, Quality, and Value for Money. A distinguished panel of judges, comprising 18 respected leaders and experts in real estate consultancy, architecture, interior design, finance, legal, and related fields, will discuss and deliberate over entries during the Live Judging Days in late July 2023.
