Honouring responsible developers and best-managed properties in the new norm

Established in 2017, EdgeProp Malaysia’s Best Managed & Sustainable Property Awards enters its fifth instalment in 2021, seeking to recognise real estate that is managed with excellence and sustainability.
 

This year’s Awards attracted more than 40 submissions. This is no mean feat given the challenges from the Covid-19 pandemic.

Declining daily Covid-19 numbers and the rollout of Covid-19 National Immunisation Programme are main factors

Residential units made up almost all of the sales with a total of 5,736, including 2,467 units of two- and three-storey terrace houses, 1,225 units of serviced apartments and 1,082 units of apartments/condominiums.

Rehda Malaysia president Datuk Soam Heng Choon urged the government to extend HOC till the end of the year as the majority of the developers opine that the campaign is effective in boosting sales

Rehda president Datuk Soam Heng Choon: The mandatory testing for on-site workers and some construction sites which have infection clusters were forced to halt operation for ten or 14 days, these have affected the construction progress

Rehda Johor: Our members are not taking any chances and have been very careful about introducing new launches and will likely adopt similar measures in the next couple of years

While MBAM deputy president Oliver Wee Hiang Chyn welcomes the move as it benefits the industry as a whole, he pointed out contractors need more attention and help.

Rehda president Datuk Soam Heng Choon: When the economy moves, people will have more income and are more willing to buy property, so that we (developers) can provide more jobs. Because of the political overhang, the economy is not moving and foreign investors are not coming in.