PETALING JAYA: As the countdown to the Malaysia Developer Awards (MDA) 2023 draws to a close, the question of who makes the list of this year’s “Top of the Charts” is heating up.
The Top of the Charts is divided into two tiers, namely for companies with a market capitalisation of RM1bil and above and for those with a market capitalisation of below RM1bil.
This is to ensure a more even playing field for smaller participating companies.
Bursa Malaysia-listed property developers eligible for the Top of the Charts have been invited to participate in this year’s rankings.
Organisers FIABCI-Malaysia and Star Media Group (SMG) are urging property developers to submit their submissions in a timely fashion.
(FIABCI is the Federation Internationale des Administrateurs de Bien-Conselis Immobiliers, or the International Real Estate Federation, founded in Paris in 1940.)
This year will also see a new trophy being added to the prestigious event.
The new Joint Development Awards is for developers that have joined forces and expertise to leverage on each other’s capabilities to develop at least one property.
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.
In addition, the foreign partner must not hold more than 50% of the consortium.
With this new award, the Special Awards has been expanded to four accolades, alongside the International, Transformation and Rising Star awards.
Developers that 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.
Meanwhile, the Transformation Awards will acknowledge developers that have rescued abandoned projects, rejuvenated old and dilapidated buildings or converted mining, quarry, disused or derelict land into a grand development.
The Rising Star Awards seeks to uncover and highlight new and budding developers which 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 Top of the Charts is by invitation only while the Special Awards is by submission.
The MDA 2023 submission kit can be downloaded from the Malaysia Developer Awards website.
