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 SPSETIA 8664 S P SETIA BERHAD takes No 1 spot at The Edge Malaysia Top Property Developers Awards 2022

KUALA LUMPUR (Nov 13): S P Setia Bhd has regained the No 1 spot at this year's The Edge Malaysia Top Property Developers Awards, the 14th time it has done so since the awards were established 20 years ago. The developer also took home the Best in Qualitative Attributes sub-award, while UOA Development Bhd won the Best in Quantitative Attributes sub-award.

Other developers that rounded off the Top 10 list were Gamuda Land — property division of Gamuda Bhd (No 2), UOA Development (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 Corp Bhd (joint No 10).

In his welcome speech, The Edge Media Group publisher and group CEO Datuk Ho Kay Tat said the awards were created to restore confidence in the property sector, which had been badly hit by the 1997/98 Asian financial crisis.

"The challenge was to ensure the credibility and transparency of the benchmark and to strike a balance between financial strength and product quality. After all, while buyers want quality homes, they also want to be assured that the developer that made the promise would be around to finish it. It was with that in mind that we devised a methodology that evaluates both the qualitative and quantitative attributes of a company," said Ho.

TEPEA 2022 also featured seven other awards, namely The Edge Malaysia — PEPS Value Creation Excellence Award, The Edge Malaysia — PAM Green Excellence Award, Affordable Urban Housing Excellence Award, Outstanding Property CEO Award, Outstanding Property Entrepreneur Award, Outstanding Contribution to the Real Estate Industry Award, Property Development Excellence Award, while introducing two new ones, Excellence in Place Regeneration Award and Excellence in Conservation & Adaptive Reuse Award.

Read more about the winning companies and projects in the Nov 14 issue of City & Country.

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