PropertyGuru Indonesia Property Awards 2018 launches fourth edition

Recognising the finest residential and commercial properties from Bali to Jakarta. 

- Open categories for outstanding township, lifestyle centre, and industrial development

- Over 35 accolades to be presented including Indonesia's Real Estate Personality of the Year

- Independent judging panel elects Doddy A. Tjahjadi of PTI Architects as new chairman

JAKARTA, Indonesia - 26 February 2018: More than 35 competition and special awards are at stake for the annual PropertyGuru Indonesia Property Awards, which takes place on 20 September 2018 to recognise the archipelago's benchmark-setting real estate from Bali to Jakarta.

Presented by Kohler, and supported by official portal partner Rumah.com, Indonesia's leading property website, the tilt has added brand-new categories to honour innovations in niche segments, including Best Township Development, Best Lifestyle Centre Development, and Best Industrial Development.

Along with the traditional categories for condominium and residential development in Jakarta, Bali, Lombok, and Greater Indonesia, the programme also has several trophies lined up for the finest office, retail, hotel, and mixed-use projects.

The public are invited to send their nominations now. Eligible entries from developers will be accepted until 3 August 2018. To enter, visit: AsiaPropertyAwards.com/indonesia-property-awards/

Doddy A. Tjahjadi, managing director of PTI Architects, has been elected as the new chairman of the independent panel of judges, succeeding Hendra Hartono (CEO, PT Leads Property Services Indonesia), who remains on the panel. Having previously served as a judge for this competition, Tjahjadi is one the most respected names in the design industry, having led his team to become one of the country's premier architectural firms for more than a decade.

The 2017 PropertyGuru Indonesia Property Awards third annual gala dinner, which was attended by nearly 300 guests, gave away an unprecedented 16 design trophies. For the 2018 edition, there are eight architectural and interior design categories at the time of launch.

Whilst the domestic property sector conditions remain soft, according to Hartono's recent interview with PropertyGuru Property Report magazine, the consensus among members of the judging panel is that market activity is expected to pick up once again in the next few quarters after major infrastructural projects have been completed to service emerging neighbourhoods connected by new MRT and LRT lines.

Additionally, there is healthy demand from the ever-growing Indonesian population, according to another long-time competition judge, Mina Ondang, ‎director at PT Cushman & Wakefield Indonesia. "Developers are tapping into Indonesia's rapidly expanding middle class, its growing urbanisation and changing lifestyle demands. The population and middle class are still growing and these are cornerstones underlying demand."

As the attention of certain developers and overseas investors shift to projects that cater to the power of the middle-income segment, the popularity of niche developments steadily grows not just in the capital but also nationwide, prompting the judging panel to include new categories for Best Township Development and Best Lifestyle Centre Development, the latter recognising the best community mall or lifestyle facility (covering less than 20,000 gross floor area).

Meanwhile, increased cooperation between Indonesia and neighbouring economies like Singapore has also boosted the archipelago's industrial sector, indirectly impacting the property sector. Industrial properties by local developers or multinational joint venture firms, with completion date between January 2017 and December 2021, are eligible to enter the new category for Best Industrial Development.

Terry Blackburn, founder and managing director of the PropertyGuru Asia Property Awards, said: "We are delighted to return to Indonesia to recognise the hard work of developers and benchmark-setting real estate across the country, from Bali to Lombok, Jakarta and Greater Indonesia. There is an abundance of talent coming from these shores as we've witnessed year after year, and the property sector continues to overcome hurdles to produce the right projects for consumers in the residential and commercial segments."

The 4th PropertyGuru Indonesia Property Awards gala dinner will be held on Thursday, 20 September 2018 at The Ritz-Cartlon Jakarta, Pacific Place, the official hotel. The black-tie event is supported by platinum sponsor Kohler; official portal partner Rumah.com, Indonesia's leading property site; media partner PropertyGuru Property Report, Asia's leading luxury real estate, architecture and design publication; and official supervisor BDO, the world's fifth largest auditing and accountancy firm, led in Indonesia by partner Indrojahjono S, director Desmond Heng, and senior associate advisory consultant Sherlyn Iswadi.

Main category winners will then qualify for the 8^th PropertyGuru Asia Property Awards Grand Final, which will be hosted by Thailand for the first-time ever. The ceremony is a collocated event of the two-day PropertyGuru Asia Real Estate Summit at The Athenee Hotel, Bangkok on 8-9 November 2018.

For more information about the PropertyGuru Indonesia Property Awards, email awards@propertyguru.com or visit: AsiaPropertyAwards.com/indonesia-property-awards/

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About PropertyGuru Indonesia Property Awards:

Returning for its fourth annual gala dinner on 20 September 2018 at The Ritz-Carlton Jakarta, Pacific Place, the PropertyGuru Indonesia Property Awards is part of the regional PropertyGuru Asia Property Awards programme established in 2005. With a professionally run awards system supervised by BDO, the world's fifth largest auditing and accountancy firm, the PropertyGuru Indonesia Property Awards is the premier and most credible industry awards in the archipelago, with the top and emerging names in real estate celebrating the best developers, projects and design.

About PropertyGuru Asia Property Awards:

The PropertyGuru Asia Property Awards, the region's biggest and most prestigious real estate awards series, is recognised as the ultimate hallmark of industry excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards has an unparalleled reputation for being credible, fair and transparent.

Established in Thailand in 2005 to ‘recognise the region's finest in real estate', the Awards acknowledge, reward and celebrate the extraordinary achievements of developers and developments at a domestic and regional level. The Awards is a milestone event in the real estate industry calendar and is attended by key decision makers as well as esteemed trade and consumer media. Annually, the Awards covers 17 key markets in the Asian continent via a series of domestic gala ceremonies, hosting up to 600 senior industry figures in each event, to recognise excellence within the Asian property sector, culminating in a Grand Final at the end of the year.

In 2018, the PropertyGuru Asia Property Awards celebrates its 13th anniversary, and features 12 domestic gala dinners and associated awards ceremonies in 11 countries: Cambodia, Malaysia, Philippines, Vietnam, Sri Lanka, Japan, Mongolia, Myanmar, Thailand, Indonesia and Singapore. The Awards series has also been expanded to include categories for Mainland China, Hong Kong, Macau, South Korea and Australia.        

Domestic winners from these 17 markets will then advance to the final round and compete for regional awards. The regional winners will be announced on the night of the 8th PropertyGuru Asia Property Awards Grand Final to be held in Bangkok on 9 November 2018, which takes place alongside the two-day PropertyGuru Asia Real Estate Summit. 

For more information, please visit AsiaPropertyAwards.com 

About PropertyGuru Group:

PropertyGuru Group is Asia's foremost online property company. Voted by consumers in 2016 as ‘Asia's Most Influential Brand for Online Property Search', PropertyGuru helps over 25 million people find their dream home - every month. At any given time, property-seekers can access more than 2 million homes across Southeast Asia, be it brand new developments or well-loved resale units, for buying or renting.

Headquartered in Singapore, PropertyGuru.com.sg was launched in 2007 by two entrepreneurs. They had a vision to simplify the property search process and help renters, buyers, sellers and investors make confident property decisions - faster. Since then, it has grown from being a media company to a high-growth technology company, operating a suite of No.1 property portals and award-winning mobile apps across Singapore, Malaysia, Thailand, Indonesia and Vietnam. PropertyGuru also operates renowned project marketing technology platform, ePropertyTrack, and a host of industry-leading property offerings such as publications, events and awards - across eleven countries in Asia.     

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