TheEdgeProperty.com introduces first of its kind award in Malaysia

PETALING JAYA: The inaugural TheEdgeProperty.com Malaysia’s Best Managed Property Awards 2017 is now open for submissions until Jan 16, 2017.

The Awards is presented by TheEdgeProperty.com, Malaysia’s fastest growing property portal.

The Awards offers three categories — residential, commercial and mixed developments. Entries are open to all stratified and non-stratified buildings managed either in-house or by a property manager.

According to TheEdgeProperty.com, the goal of the awards is to raise the bar on Malaysian property management while benchmarking against the best-in-class practices globally.

“This is the first of its kind award in Malaysia. The Awards has a key role to play in nation building. Malaysia is now competing globally as a real estate investment, living and commercial destination.

“For investors, be they from abroad or local, incompetent property management practices will be a sure turn off.

“Quality property management practices will also provide both landlords and tenants peace of mind besides enhancing the value of the building,” said TheEdgeProperty.com managing director and editor-in-chief Au Foong Yee.

She added that escalating property prices in the Klang Valley, Penang and Johor have translated into the development of more high-rise buildings.

“Quality property management of these buildings is crucial to ensure that our cities do not degenerate over time into urban slums.

“We hope that a formal recognition of buildings with best property management practices will incentivise property managers to further improve their services,” said Au.

TheEdgeProperty.com Malaysia’s Best Managed Property Awards 2017 is partnered by Nippon Paint Malaysia and supported by The Malaysian Institute of Professional Property Managers, Building Managers Association of Malaysia, Malaysian REIT Managers Association and The Edge Malaysia.

Winners will be announced in April 2017. Interested parties may visit www.theedgeproperty.com or call (03) 7721 8289 for more information on the Awards.

This story first appeared in TheEdgeProperty.com pullout on Nov 18, 2016, which comes with The Edge Financial Daily every Friday. Download TheEdgeProperty.com pullout here for free.