\nShwe Taung takes home the Best Developer gong, while\u00a0Keppel Land and Capital Land among top winners
\nAll together onstage: the Winners and Highly Commended at the Myanmar Property Awards 2016
\nDrumroll please!
\nOne of the leading corporations in Myanmar, Shwe Taung Development Co Ltd, picked up the year\u2019s highest honour for Best Developer\u00a0at the biggest and most exclusive real estate event in the country, the Myanmar Property Awards 2016, presented by Samsung.
\nA finalist in six categories, Shwe Taung also collected three more awards \u2013 one for Best Office Development and two design accolades (Best Retail Architectural Design and Best Office Architectural Design) \u2013 plus a commendation for the Junction City Shopping Centre, a mixed-use project undertaken by its subsidiary City Square Commercial Co Ltd.
\nThe acclaimed development\u2019s hospitality component, Pan Pacific Yangon, twice received Highly Commended honours from the independent panel of judges, while the residential component, Crystal Residences, was one of the runners-up for the Best Condo Development accolade that went to The Gems Garden Condominiums by three-time winner Capital Development Ltd.
\nBest Developer gong goes to four-time winner Shwe Taung Development Co Ltd, led by Aung Than, deputy CEO of Construction, and Sandar Htun, managing director, Shwe Taung Group. The award was presented by Richard Emerson of Emerson Real Estate, chairman of the judges
\nFor its outstanding interiors, The Gems Garden Condominiums was also presented with the Best Residential Interior Design trophy, as well as the \u2018Best of the Best\u2019 honour for Best Residential Development (Myanmar) that will allow it to move forward and compete at the grand finals in the South East Asia Property Awards 2016 in Singapore this November.
\nAnother development that is set to make a splash at the regional grand finals is Sedona Hotel Yangon (Inya Wing) by Keppel Land, a four-time victor this year and winner in all categories for which it was nominated.
\nWith such formidable contenders coming from various segments of the local property sector, the second annual Myanmar Property Awards has this year welcomed a new category for Best Boutique Developer, which went to Green Vision Construction Company Limited. Nominated for four awards, Hoang Anh Gia Lai Myanmar Co Ltd finished the awards gala with one win for Myanmar Plaza for Best Retail Development.
\nFollowing on from a hugely successful inaugural ceremony last year that was attended by more than 250 guests, the Myanmar Property Awards 2016 Gala Dinner gathered more than 300 of the country\u2019s real estate elite and leaders at the prestigious Sule Shangri-La Yangon to reward the finest developers and developments of the past year.
\nMore than 300 real estate leaders, professionals and VIPs attended the second annual Myanmar Property Awards 2016 held at Sule Shangri-La Yangon on 30 June
\nAccording to Richard Emerson, managing director of Emerson Real Estate (Myanmar) and chairman of the independent panel of judges, the high standards seen across all the official nominees will increase Myanmar\u2019s chances at the regional grand finals. \u201cTheir quality in terms of design and construction and success will be easily able to succeed on a regional level,\u201d he said.
\nWith BDO Myanmar as the official supervisor, the credibility of the Myanmar Property Awards was also reinforced this year when the PropertyGuru Group, Asia\u2019s leading online property group, has taken over as organiser. A total of 22 developers were shortlisted this year, while 17 awards were given away following a rigorous, six-month nomination and judging process.
\n\u201cThe awards are a showcase of the exciting developments currently underway in Myanmar,\u201d said Paul Ashburn, co-managing partner of BDO. \u201cThe enthusiasm shown by the entrants is very encouraging and a healthy sign for the potential of the country\u2019s real estate market.\u201d
\nIn recent quarters, there has been a steady surge in demand for various types of outstanding property developments in Myanmar especially in Yangon. The judges also noted that there are a number of world-class renovation projects that should be recognised as well.
\nThe second annual Myanmar Property Awards was presented by title sponsor Samsung
\nIn fact, two outstanding properties were cited in the new category for Special Recognition for Renovated Property: 491-501 Merchant Street by Turqouise Mountain, and Scott @ 31st Street by Haven Development Co Ltd.
\nShowing generous support for the country\u2019s emerging real estate and building sectors, this year\u2019s title sponsor Samsung Myanmar also added to the prestige of the awards programme.
\n\u201cAs one of the world\u2019s leading consumer product brands, we strongly believe that the robust growth of Myanmar\u2019s real estate industry reflects the country\u2019s progressing economy. Our heartfelt congratulations also go to the all the Winners and Highly Commended this year,\u201d commented Nam Sik Ahn, managing director of Samsung Myanmar.
\nIn addition, one of Myanmar\u2019s most respected and veteran businessmen, Serge Pun, executive chairman of the SPA Group of Companies, attended the black-tie gala to receive the Real Estate Personality of the Year trophy, a non-compete award given by the editors of Property Report, Asia\u2019s leading luxury real estate, architecture and design publication.
\nVeteran businessman Serge Pun, executive chairman of the SPA Group of Companies, was named winner of the Real Estate Personality of the Year 2016 award by Property Report\u2019s editor-in-chief and brand director Liam Aran Barnes
\nPun\u2019s real estate company, Yoma Strategic Holdings, won Best Developer in 2015 and this year collected two honours for its residential projects. \u201cI hope this recognition would push us to produce better products to serve customers in the future,\u201d he said of his award. \u201cI think the Myanmar real estate sector will be continue to be strong in the foreseeable future.\u201d
\nThe good and the bad in the industry were discussed earlier in the day at the first-ever Property Report Congress Myanmar 2016, a high-level conference featuring top regional executives and local experts. The conference, which featured keynote speeches and panel discussions on online marketing, mortgage planning and property management, took place right before the Gala Dinner and was attended by more than 100 real estate professionals from Yangon and overseas.
\n\u201cMyanmar is certainly primed for more success in the real estate sector based on what we have seen this year,\u201d said Terry Blackburn, founder and managing director of the Asia Property Awards and Property Report. \u201cThe whole PropertyGuru Group is immensely proud of their achievements and we look forward to seeing these fine developments showcased across our international platforms.\u201d
\nThree-time winner Gems Garden Condominiums by Capital Development Ltd will on to the grand finals in Singapore for winning Best Residential Development (Myanmar). The Best of the Best award was presented by Terry Blackburn, founder and managing director of Asia Property Awards, to Joseph Lopez of Capital Development Ltd
\nBelow is the full list of Winners and Highly Commended at the Myanmar Property Awards 2016:
\nDEVELOPER
\nBest Developer
\nWinner: Shwe Taung Development Co Ltd
\nBest Boutique Developer
\nWinner: Green Vision Construction Company Limited
\nBEST OF THE BEST
\nBest Commercial Development (Myanmar)
\nWinner: Sedona Hotel Yangon (Inya Wing) by Keppel Land
\nBest Residential Development (Myanmar)
\nWinner: The Gems Garden Condominiums by Capital Development Ltd
\nDEVELOPMENT
\nBest Condo Development
\nWinner: The Gems Garden Condominiums by Capital Development Ltd
\nHighly Commended:<\/p>\n
Crystal Residences by Shwe Taung Development Co Ltd
\nGalaxy Towers at Star City Phase I by Thanlyin Estate Development Co Ltd, a subsidiary of Yoma Strategic Holdings
\nRosehill Residences by RoseHill Soilbuild Group Holdings Ltd
\nThe Lake Suites by Hoang Anh Gia Lai Myanmar Co Ltd<\/p>\n
Best Housing Development
\nWinner: Lotus Canal View Villas, Lotus Garden, Pun Hlaing Golf Estate by Yoma Development Group
\nBest Serviced Apartment Development
\nWinner: Clover Suites Royal Lake by Clover Hotels Group
\nHighly Commended:<\/p>\n
Green Vision Kokkine Residence by Green Vision Construction Company Limited<\/p>\n
Best Office Development
\nWinner: Junction City Tower by City Square Office Co Ltd (a member of Shwe Taung Development Co Ltd)
\nHighly Commended:<\/p>\n
Myanmar Centre Tower by Hoang Anh Gia Lai Myanmar Co Ltd
\nSule Square, Yangon by Traders Square Company Limited<\/p>\n
Best Retail Development
\nWinner: Myanmar Plaza by Hoang Anh Gia Lai Myanmar Co Ltd
\nHighly Commended:<\/p>\n
Junction City Shopping Centre by City Square Commercial Co Ltd (a member of Shwe Taung Development Co Ltd)<\/p>\n
Best Hotel Development
\nWinner: Sedona Hotel Yangon (Inya Wing) by Keppel Land
\nHighly Commended: <\/p>\n
MELIA Hotel by Hoang Anh Gia Lai Myanmar Co Ltd
\nPan Pacific Yangon, Junction City by City Square Hotel Co Ltd (a member of Shwe Taung Development Co Ltd<\/p>\n
Special Recognition for Renovated Property
\nWinner: 491-501 Merchant Street by Turqouise Mountain in partnership with the Yangon Heritage Trust
\nHighly Commended:<\/p>\n
Scott @ 31st Street by Haven Development Co Ltd<\/p>\n
DESIGN
\nBest Residential Architectural Design
\nWinner: Rosehill Residences by Soilbuild Group Holdings Ltd
\nHighly Commended:<\/p>\n
68 Residence by United GP Development Co Ltd
\nThe Gems Garden Condominiums by Capital Development Ltd<\/p>\n
Best Residential Interior Design
\nWinner: The Gems Garden Condominium by Capital Development Ltd
\nHighly Commended:<\/p>\n
Kabaraye Executive Residence (KER) by Living Square Co Ltd<\/p>\n
Best Retail Architectural Design
\nWinner: Junction City Shopping Centre by City Square Commercial Co Ltd (a member of Shwe Taung Development Co Ltd
\nBest Hotel Architectural Design
\nWinner: Sedona Hotel Yangon (Inya Wing) by Keppel Land
\nHighly Commended:<\/p>\n
Pan Pacific Yangon, Junction City by City Square Hotel Co Ltd (a member of Shwe Taung Development Co Ltd)<\/p>\n
Best Hotel Interior Design
\nWinner: Sedona Hotel Yangon (Inya Wing) by Keppel Land
\nHighly Commended:<\/p>\n
Scott @ 31st Street by Haven Development Co Ltd<\/p>\n