YANGON, Myanmar – 30 June 2017. The PropertyGuru Myanmar Property Awards 2017 concluded the search for the year’s achievers in the real estate sector during its third annual gala dinner held on Friday (30 June 2017) at the Sedona Hotel Yangon.

Marga Landmark made a clean sweep, winning in all categories for which it was nominated, in addition to collecting a Special Recognition in Corporate Social Responsibility and earning the industry’s highest honour for Best Developer.

“The 2017 Best Developer winner leads in Myanmar’s ‘sustainable urbanisation’, with innovative, world-class projects such as The Central mixed-use development. Marga Landmark excels in many ways, from project design and planning, to construction and delivery of luxury real estate that aims to contribute to the country’s economic acceleration,” said the independent judging panel.

“Together with the firm’s notable CSR initiatives, Marga Landmark has become an undisputed leader in Myanmar’s evolving real estate sector.”

Praise for the company’s The Central project was across the board, receiving accolades for Best Condo Development, Best Retail Development, Best Mixed Use Development, and Best Universal Design Development, which is a new category to reward a project with a built environment that can be accessed, understood and used to the greatest extent possible by all people regardless of their age, size, ability or disability.

There were other new awards handed out this year: Best Special Commercial Development, which went to Danyingone Fruits, Vegetables & Flowers Wholesale Market by MAEX (Member of the Dagon Group of Companies), and Best Golf Development for Dagon Golf City by Royal Sky Company Limited.

IME Property, developer of The Leaf Residence, won two gongs for its condominium project in Yangon. Meanwhile, Myanmar Seilone collected the award for Best Serviced Apartment Development for RESIDENCE@26.

While the residential segment in Myanmar has entered a slow phase, the commercial segment continues to perform strongly, particularly retail, according to chairman of the judging panel Richard Emerson, managing director of Emerson Real Estate. “Serviced apartments in Yangon have also maintained high occupancy levels and some of the highest room rates in the region, demonstrating the strong demand from corporate occupiers.”

He said that despite the difficulties in this transition period, “Myanmar remains a bright prospect for the future. With the government continuing to open up the economy and encourage both foreign and local investment, the market shows strong fundamentals, and there is an inherent need to modernise and improve the country’s real estate and infrastructure to keep pace with the country’s growth.”

In his opening keynote speech, the evening’s guest of honour U Aung Naing Oo, Director General of the Directorate of Investment and Company Administration (DICA), and Secretary of the Myanmar Investment Commission, promoted the investment potential of Myanmar especially following the implementation of the new Myanmar Investment Law in the beginning of the second quarter. 

Another highlight of the ceremony was the presentation of the 2017 Myanmar Real Estate Personality of the Year award to Shwe Taung Development Co., Ltd’s Group CEO Aung Zaw Naing, who was selected by the editors of Property Report magazine for being instrumental in the advancement of the country’s real estate sector and improvement of Yangon’s urban landscape. It was the only award not selected by the judging panel.

A total of 18 competition and special awards were announced during the gala dinner as nearly 300 guests and VIPs from various fields such as construction, design, banking and legal revelled in the four-course gala dinner that followed the cocktail reception.

Hari V. Krishnan, CEO of PropertyGuru Group, said: “Congratulations to all the companies and teams that were recognised at the PropertyGuru Myanmar Property Awards. It is a thrill to celebrate the industry’s best developers and projects. There is no doubt that the awardees in Myanmar have aimed to achieve greatness and they delivered on that promise, and that deserves our respect and recognition.”

The domestic winners in Myanmar will now advance to the seventh annual PropertyGuru Asia Property Awards 2017 in Singapore to compete with winners from 16 other Asian markets for more regional accolades. The much-awaited Grand Final gala ceremony will be held alongside the PropertyGuru Singapore Real Estate Summit at the Sands Expo and Convention Centre on 7-8 November.

Terry Blackburn, founder and managing director of the PropertyGuru Asia Property Awards and the Asia Real Estate Summit, said: “The contribution that the real estate sector makes to Myanmar’s economic advancement, especially on the heels of the new Myanmar Investment Law, is something that all the developers who were recognised this year should be immensely proud of. We wish them continued success and encouragement to continue producing quality products.”

The PropertyGuru Myanmar Property Awards is supported by co-sponsors Rinnai and TEKA; official portal partner ShweProperty.com; media partners Myanmar Insider, Oxford Business Group, Golden Hexagon, Frontier Myanmar Research and Advisory, and Property Report; supporting associations British Chamber of Commerce in Myanmar, European Chamber of Commerce in Myanmar, The American Chamber of Commerce in Myanmar, The Australia Myanmar Chamber of Commerce and French Myanmar Chamber of Commerce; official hotel venue Sedona Hotel Yangon; and official supervisor BDO led by director Zaw Erskine.

For more information about the PropertyGuru Myanmar Property Awards, email info@asiapropertyawards.com or visit the official website: AsiaPropertyAwards.com/Myanmar

The complete list of Winners and Highly Commended awardees at the PropertyGuru Myanmar Property Awards 2017: 

DEVELOPER AWARD

Best Developer
WINNER: Marga Landmark

SPECIAL AWARDS

Special Recognition in CSR
WINNER: Marga Landmark

Special Recognition in Heritage Property
WINNER: Doh Eain

Best Universal Design Development
WINNER: The Central by Marga Landmark
HIGHLY COMMENDED: Danyingone Fruits, Vegetables & Flowers Wholesale Market by MAEX (Member of the Dagon Group of Companies)

DEVELOPMENT AWARDS (RESIDENTIAL)

Best Condo Development
WINNER: The Central by Marga Landmark
HIGHLY COMMENDED: The Leaf Residence by IME Property Co. Ltd.

Best Housing Development
WINNER: Golden Valley Residences by Atlas Development 
HIGHLY COMMENDED: Dagon Golf City by Royal Sky Company Limited
HIGHLY COMMENDED: Lotus Hill by Yoma Strategic Holdings Ltd

DEVELOPMENT AWARDS (COMMERCIAL)

Best Office Development
WINNER: Kantharyar Centre by Asia Myanmar Shining Star Investment Co., Ltd.

Best Retail Development
WINNER: The Central by Marga Landmark

Best Hotel Development
WINNER: Kantharyar Centre by Asia Myanmar Shining Star Investment Co., Ltd.

Best Mixed Use Development
WINNER: The Central by Marga Landmark
HIGHLY COMMENDED: Kabar Aye Executive Residence by Living Square Co. Ltd.
HIGHLY COMMENDED: Kantharyar Centre by Asia Myanmar Shining Star Investment Co., Ltd.

Best Serviced Apartment Development
WINNER: RESIDENCE@26 by Myanmar Seilone
HIGHLY COMMENDED: 85 SOHO Serviced Residences by Greenhub Serviced Offices Yangon Limited, Subsidiary of LHN Limited
HIGHLY COMMENDED: Kantharyar Centre by Asia Myanmar Shining Star Investment Co., Ltd.

Best Special Commercial Development
WINNER: Danyingone Fruits, Vegetables & Flowers Wholesale Market by MAEX (Member of the Dagon Group of Companies)

Best Golf Development
WINNER: Dagon Golf City – International 18 Holes Golf Course & Clubhouse by Royal Sky Company Limited

DESIGN AWARDS

Best Condo Design
WINNER: The Leaf Residence by IME Property Co. Ltd.

Best Housing Design
WINNER: Dagon Golf City by Royal Sky Company Limited
HIGHLY COMMENDED: Golden Valley Residences by Atlas Development 

Best Residential Interior Design
WINNER: The Leaf Residence by IME Property Co. Ltd.
HIGHLY COMMENDED: Dagon Golf City by Royal Sky Company Limited
HIGHLY COMMENDED: Space@Yankin by The Keier Group Myanmar Co. Ltd

Best Landscape Design
WINNER: Pun Hlaing Estate by Yoma Strategic Holdings Ltd
HIGHLY COMMENDED: Dagon Golf City by Royal Sky Company Limited
HIGHLY COMMENDED: The Leaf Residence by IME Property Co. Ltd.

PUBLISHER’S CHOICE

Myanmar Real Estate Personality of the Year
WINNER: Aung Zaw Naing, Group CEO, Shwe Taung Development Co., Ltd.

For more information about the PropertyGuru Myanmar Property Awards, email info@asiapropertyawards.com or visit the official website: AsiaPropertyAwards.com/Myanmar. 

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About PropertyGuru Myanmar Property Awards:
Returning for a third successful year on 30 June 2017 at the Sedona Hotel Yangon, the PropertyGuru Myanmar Property Awards is part of the regional 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 Myanmar Property Awards is the biggest and most credible industry awards in the country, with the top and emerging names in real estate celebrating the best developers, projects and design in the country.

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, to recognise excellence within each Asian market, culminating in a Grand Final at the end of the year.

In 2017, the PropertyGuru Asia Property Awards celebrates its 12th anniversary, and features nine domestic gala ceremonies in eight countries: Cambodia, the Philippines, Vietnam, Myanmar, Malaysia, Thailand, Indonesia and Singapore. The Awards series has also been expanded this year to include categories for Mainland China, Hong Kong, Macau, Mongolia, Laos, India, Sri Lanka, the Maldives and South Korea.         

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 PropertyGuru Asia Property Awards Grand Final to be held in Singapore on 8 November 2017.
 
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 16 million people find their dream home – every month. 

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.

Today, it has grown from being a media company to a high-growth technology company. Beyond operating a suite of No.1 property portals and award-winning mobile apps, the Group also manages a host of industry-leading property offerings such as publications, events, awards and a project marketing technology platform – across eight countries in Asia.       

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