S P Setia takes No 1 spot at The Edge Malaysia Top Property Developers Awards 2022

KUALA LUMPUR (Nov 1): S P Setia Bhd took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). The developer has taken the No 1 spot for the fourteenth time, ever since the awards were established in 2003. S P Setia Bhd also took the top spot in the Best in Qualitative Attributes sub-award. 

The TPDA anchors The Edge Malaysia Property Excellence Awards (TEPEA) 2022, which were presented at the gala dinner on Tuesday (Nov 1) night at the Shangri-La Hotel Kuala Lumpur. 

S P Setia Bhd president and CEO Datuk Choong Kai Wai said the achievement was beyond their expectations, as the industry had just recovered from the pandemic. 

“We would like to thank our board of directors, our stakeholders and of course our purchasers who have been by our side throughout the years. Without them, we would not be where we are now, so that has encouraged us to deliver more value to our purchasers.

“It has been a challenging journey so far, especially after the pandemic but we were able to pull it off because of our team spirit. After all, S P Setia has always been known for its exemplary teamwork,” he said.

Other developers on the Top 10 list were Gamuda Land — Gamuda Bhd, Property Division (No 2), UOA Development Bhd (No 3), Sime Darby Property Bhd (No 4), IJM Land Bhd (No 5), Sunway Bhd — Property Division (No 6), IOI Properties Group Bhd (No 7), Eco World Development Group Bhd (No 8), UEM Sunrise Bhd, OSK Holdings Bhd and Mah Sing Group Bhd (joint No 9), as well as Matrix Concepts Holdings Bhd and Tropicana Corporation Bhd (joint No 10).

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

In the quantitative category, companies were evaluated on their shareholders’ funds, turnover, profitability and cash holding or gearing. The developer with the highest score for the Best in Quantitative Attributes was UOA Development Bhd. 

The scores and rankings of the TPDA were audited by Deloitte Malaysia.

TEPEA 2022 also featured nine other awards, namely The Edge Malaysia-PAM Green Excellence Award, The Edge Malaysia-PEPS Value Creation Excellence Award, Affordable Urban Housing, Outstanding CEO, Outstanding Property Entrepreneur, Outstanding Contribution to the Real Estate Industry, Property Development Excellence (industrial and integrated township), Excellence in Place Regeneration, and Excellence in Conservation and Adaptive Reuse. 

The winner of The Edge Malaysia-PAM Green Excellence Award was 1 Lasam by Nurilim Sdn Bhd, while Menara Affin by Affin Bank Bhd received the honourary mention. 

Besides that, The Edge Malaysia-PEPS Value Creation Excellence Award was won by South Brooks in Desa ParkCity by Perdana Parkcity Sdn Bhd, while Taman Desa Bertam (Phase 1) by Teladan Setia Group Bhd took home the honourary mention. 

Under the Affordable Urban Housing category, Bandar Baru Setia Awan Perdana (Phase 1A) by Lagenda Properties Bhd and SkyAwani 2 Residences by SkyWorld Development Group, both emerged as winners. 

Outstanding CEO was awarded to Gamuda Land CEO Ngan Chee Meng and Matrix Concept Holdings Bhd group managing director Ho Kong Soon. The Outstanding Property Entrepreneur award, on the other hand, was won by i-Bhd chairman Tan Sri Lim Kim Hong. 

Apart from that, there were two winners for the Outstanding Contribution to the Real Estate Industry award, which were Rahim & Co International Sdn Bhd executive chairman Tan Sri Abdul Rahim Abdul Rahman, as well as Triterra Metropolis Sdn Bhd joint chairman and CIOB president Datuk Seri Michael Yam.

The Property Development Excellence award was split into two categories, industrial and integrated township. Winners for the industrial category were Eco Business Park 1, Tebrau, Johor by Eco World Development Group Bhd, and Bandar Bukit Raja Industrial Gateway by Sime Darby Property MIT Development Sdn Bhd. Meanwhile, IOI Resort City by IOI Properties Group Bhd and Sunway City Kuala Lumpur by Sunway Bhd both won the integrated township category.

SkyArena, Setapak by SkyWorld Development Bhd and Bangsar South, Kerinchi by UOA Development Bhd took home awards for Excellence in Place Regeneration.

Lastly, there were two winners for the Excellence in Conservation and Adaptive Reuse award, namely REXKL by architects and co-founders Shin Chang and Shin Tseng, as well as The Marian Boutique Lodging House, Kuching by Urban Village Sdn Bhd director of project company Datin Rosemarie Wong-Jabu. 

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, was the official solar partner, while Kaimirra Tutan was the official jewellery partner.

Related News

Looking for more news like this? Check out the articles below for more information and updates.

S P Setia likely to see stronger 4Q results

S P Setia's 3Q profit surges over six times to RM70 mil, driven by southern projects

Modern Thai hospitality comes to Kuala Lumpur

Cover Story: For a fitter and more efficient S P Setia