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Kingdom’s Property Awards ride the second wave

Borey Peng Huoth receiving the award for Best Landscape Architectural Design.
Borey Peng Huoth receiving the award for Best Landscape Architectural Design. Hong Menea

Kingdom’s Property Awards ride the second wave

After an outstanding ceremony at last year’s inaugural Cambodia Property Awards, this year saw online property group PropertyGuru hosting the Cambodia Property Awards 2017 for a second run.

Government officials were also invited as guests of honour, with Senior Minister of Land Management, Urban Planning, and Construction, Chea Sophara, presiding over the event. Secretary of state Pen Sophal was also an honourable attendee.

Aside from mainstay names that were big winners last year, the 2017 awards held at Sofitel Phnom Penh Phokeethra on March 24 welcomed more new faces in the real estate developer scene with 17 categories compared with last year’s 13.

The increase in the number of categories, said Terry Blackburn, founder and managing director of PropertyGuru Asia Property Awards, “is a strong indication that there are now more quality developments being launched and built across different segments of the market, especially outside of Phnom Penh.”

The awards are not limited to developers heating up the scene only in the capital city, with a total of 32 eligible entries submitted from across Phnom Penh, Siem Reap, and Sihanoukville, and 11 of them making the final shortlist.

Award categories ranged from ‘Special Recognition in Green Development’ to ‘Best Landscape Architectural Award’, with the latter being won by Borey Peng Huoth Group which swept up a total of four awards at the show.

On the highlight of the event, Blackburn noted: “This year, the judges made a special selection among the entrants and decided to give the Special Recognition in Green Development award to recognise the green initiatives of MTP Invest.” MTP Invest is the developer of Phum Barang, a residential project based in Siem Reap.

This year, however, there was no Real Estate Personality of the Year, which had gone to WorldBridge Land’s Sear Rithy in 2016. “There was no recipient in 2017 because there was no clear frontrunner who embodied the qualities of the award,” Blackburn explained.

While the awards showcase a definite progress in the real estate industry’s strive towards global standards, Cambodia’s real estate sector as a whole still has a substantial way to go – not just in the niche elite developments.

Blackburn, however, remains bullish. “Cambodian real estate has shown improvement year after year. The local property sector is undoubtedly one of the most exciting emerging markets in Southeast Asia.”

He believes the direction Cambodia is steering towards at present points towards a growing interest in green and sustainable building practices.

What the Cambodia Property Awards spurs on amongst developers is a sense of pride and competitiveness for quality, as “the judging panel encourages local developers as well as local authorities to look deeper into standardizing the country’s building and environmental guidelines,” said Blackburn.

“We expect to see more developers engaged in this aspect, and hope that the awards will encourage even better quality construction, more innovative design and sustainable development in the years ahead.”

List of winners of the Cambodia Property Awards 2017:

Best Developer
WINNER: Borey Peng Huoth Group

Best Condo Development (Cambodia)
WINNER: Habitat by Habitat

Best Housing Development (Cambodia)
WINNER: Grand Star Platinum by Borey Peng Huoth Group

Special Recognition in Green Development
WINNER: Phum Barang by MTP Invest

Best Condo Development (Phnom Penh)
WINNER: Habitat by Habitat
HIGHLY COMMENDED: The Gateway by TACC (C.R.) Ltd

Best Housing Development (Phnom Penh)
WINNER: Grand Star Platinum by Borey Peng Huoth Group
HIGHLY COMMENDED: Residence90 by Phnom Penh City Center

Best Residential Development (Siem Reap)
WINNER: Phum Barang by MTP Invest
HIGHLY COMMENDED: Les Bijoux d’Angkor by RGL Equity (Siem Reap) Co., Ltd

Best Office Development
WINNER: The Vanguard by Phnom Penh City Center
HIGHLY COMMENDED: The Gateway by TACC (C.R.) Ltd

Best Retail Development
WINNER: Copper Cambodia by LMYP Co., Ltd
HIGHLY COMMENDED: The EDGE by Phnom Penh City Center

Best Hotel Development
WINNER: Courtyard by Marriott Phnom Penh by Khou Investment Co., Ltd
HIGHLY COMMENDED: Sun and Moon urban Hotel by Sun and Moon Hotel, LBL International and ADA

Best Mixed Use Development
WINNER: The Gateway by TACC (C.R.) Ltd
HIGHLY COMMENDED: D’Seaview by Camhomes (Under HLH Group)

Best Residential Architectural Design
WINNER: Residence90 by Phnom Penh City Center
HIGHLY COMMENDED: Habitat by Habitat

Best Residential Interior Design
WINNER: Habitat by Habitat
HIGHLY COMMENDED: Les Bijoux d’Angkor by RGL Equity (Siem Reap) Co., Ltd

Best Retail Architectural Design
WINNER: The EDGE by Phnom Penh City Center

Best Hotel Architectural Design
WINNER: Sun and Moon urban Hotel by Sun and Moon Hotel, LBL International and ADA

Best Hotel Interior Design
WINNER: Rosewood Phnom Penh by Vattanac Capital
HIGHLY COMMENDED: Courtyard by Marriott Phnom Penh by Khou Investment Co., Ltd
HIGHLY COMMENDED: Sun and Moon urban Hotel by Sun and Moon Hotel, LBL International and ADA

Best Landscape Architectural Design
WINNER: Grand Star Platinum by Borey Peng Huoth Group
HIGHLY COMMENDED: Habitat by Habitat

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