Mixed-use Developers Dominate the PropertyGuru Cambodia Property Awards 2018 Exclusive Shortlist

0
560

The independent panel of experts of the PropertyGuru Cambodia Property Awards has spoken, revealing the official shortlist of nominees for the third annual PropertyGuru Cambodia Property Awards, presented by KHI.

More than 20 award categories, along with a few special awards, comprise the elite list. Borey Peng Huoth Group, two-time winner of the coveted Best Developer trophy, tops this year’s nominations landing 16 places in the shortlist, more than any other developer. The developer of the Greater Euro Ville mixed-use project earns five nods in the Development and 10 in the Design categories, plus a special recognition for its corporate social responsibility initiatives.

In second place is LIXIN Construction, which is building a mixed-use property called CEO KT Pacific in central Phnom Penh’s 7 Makara district. The project – a collaboration between KT Pacific Group and LIXIN Group – aims to become a prime residential and commercial spot in the capital.

With six nods, Parkway Investment Co., Ltd. lands in third place. Combining modern office amenities and affordable condo living for its The Parkway project in the stylish Toul Kork district, the company blends Cambodian architecture and contemporary aesthetics at the landmark development.

Another mixed-use developer that made the exclusive list was KHCN Investment and Development Co., Ltd., with three nominations for The Seagate Suite in Sihanoukville, just behind last year’s multi-award–winner Phnom Penh City Center, which receives four nominations in 2018.

Cambodia’s real estate sector is currently very active, seeing a reported 22 percent year-on-year increase in construction investment during the past year, causing land prices to rise and the urban landscape especially in Phnom Penh to transform from a low-rise capital into a high-rise hub.

Sorn Seap, founder and director of Key Real Estate Co., Ltd., the returning chairman of the judging panel.

“The real estate industry has indeed played a vital role in Cambodia’s economic growth. In recent years, it has evolved so rapidly, attracting major investors from around the region to invest in Cambodia’s real estate and construction sectors. At the end of 2017, China had become the largest investor, followed by South Korea, Japan, Singapore, Thailand, Malaysia, Taiwan, and other European countries,” noted Sorn Seap, founder and director of Key Real Estate Co., Ltd., the returning chairman of the judging panel.

He said that in addition to many high-rise complexes, landed properties are more popular than ever to property buyers, with lots of supply and fairly high demand. “On top of that, the whole industry has also created more jobs for the Cambodian people,” he added.

Sorn Seap is joined on the panel by: Simon Griffiths (Managing Director, Urban Assets Solutions), David Littlejohn (Sales & Marketing Manager, Comin Khmere), Michel Cassagnes (Managing Director, Archetype Cambodia), Sok Siphana (Managing Partner, SokSiphana&associates); Ross Wheble, MA, MRICS (Country Head, Knight Frank [Cambodia] Pte Ltd), Thida Ann (Director, CBRE Cambodia), and Grace Rachny Fong (Executive Director, Century 21 Cambodia).

Terry Blackburn, founder and managing director of the PropertyGuru Asia Property Awards, said: “The judges of the PropertyGuru Cambodia Property Awards have been universally impressed by the efforts of Cambodian developers to improve their offerings year after year, especially in the mixed-use segment, which has become popular among investors and consumers. Cambodia offers a lot of potential and we’re proud of what local developers have accomplished in the last two years that we’ve held the Awards there. We look forward to recognising their contributions to the sector at this year’s ceremony.”

All the shortlisted companies will be named Winners and Highly Commended at the black-tie gala dinner on Friday, 16 March 2018 at the Sofitel Phnom Penh Phokeethra ballroom. Expecting more than 300 guests, the ceremony will also honour a young Real Estate Personality of the Year recipient in the name of Hun Chansan, the founder, design director and principal architect of Re-Edge Architecture + Design. He has been chosen by the editors of PropertyGuru Property Report magazine for his efforts to raise the profile Cambodian architects and designers in the global scene.

Main category winners will then advance to the 8th 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.

Judging criteria of the 2018 Cambodia Property Awards.

The 2018 PropertyGuru Cambodia Property Awards is supported by platinum sponsor KHI; co-sponsors Panasonic and Jotun; official portal partner Realestate.com.kh; official charity partner CARE; media partners Southeast Asia GLOBE, Khmer Times, Construction & Property Magazine, B2B Cambodia, BizKhmer, and PropertyGuru Property Report; supporting associations European Chamber of Commerce in Cambodia (EuroCham) and British Chamber of Commerce Cambodia; and the official supervisor BDO led in Cambodia by partner Lim Seng Siew, assistant manager Sok Sochetra, and senior associate Norng Kiman.

Below is the full shortlist of the 2018 PropertyGuru Cambodia Property Awards: 

DEVELOPER AWARDS

Best Developer

  • Winner to be revealed at the gala dinner on 16 March 2018

Special Recognition in CSR

  • Borey Peng Huoth Group
  • Creed Asia (Cambodia) Co., Ltd. and Triple Gem Assets Co., Ltd.

Special Recognition in Sustainable Development

  • Creed Asia (Cambodia) Co., Ltd. and Triple Gem Assets Co., Ltd.

DEVELOPMENT AWARDS (RESIDENTIAL)

Best High-End Condo Development (Phnom Penh)

  • CEO KT Pacific by LIXIN Construction
  • One Park by GRED – Graticity Real Estate Development Co., Ltd

Best Affordable Condo Development (Phnom Penh)

  • Star Polaris 23 by Borey Peng Huoth Group
  • The Parkway by Parkway Investments Co., Ltd.

Best Housing Development (Phnom Penh)

  • ARATA Garden Residences by Creed Group
  • Borey The Mekong Royal by Mekong Phnom Penh Development Corporation (MPDC)
  • Star Platinum Euro Ville by Borey Peng Huoth Group
  • Star Platinum Rosato by Borey Peng Huoth Group

Best Residential Development (Sihanoukville)

  • The Seagate Suite by KHCN Investment and Development Co., Ltd.

DEVELOPMENT AWARDS (COMMERCIAL)

Best Office Development

  • CEO KT Pacific by LIXIN Construction
  • The Parkway by Parkway Investments Co., Ltd.

Best Retail Development

  • Eden Garden by Phnom Penh City Center
  • Euro Park by Borey Peng Huoth Group
  • The Seagate Suite by KHCN Investment and Development Co., Ltd.

Best Mixed Use Development

  • CEO KT Pacific by LIXIN Construction
  • Greater Euro Ville by Borey Peng Huoth Group
  • The Parkway by Parkway Investments Co., Ltd.
  • The Seagate Suite by KHCN Investment and Development Co., Ltd.

Best Serviced Apartment

  • CEO KT Pacific by LIXIN Construction
  • Mansion51 Hotel & Apartment by Mansion51 Hotel & Apartment
  • Tronum by Tronum Home Co., Ltd.

Best Condo Architectural Design

  • CEO KT Pacific by LIXIN Construction
  • Star Polaris 23 by Borey Peng Huoth Group
  • The Parkway by Parkway Investments Co., Ltd.

Best Condo Interior Design

  • CEO KT Pacific by LIXIN Construction
  • Star Polaris 23 by Borey Peng Huoth Group

Best Housing Architectural Design

  • ARATA Garden Residences by Creed Group
  • Borey The Mekong Royal by Mekong Phnom Penh Development Corporation (MPDC)
  • Star Platinum Euro Ville by Borey Peng Huoth Group
  • Star Platinum Rosato by Borey Peng Huoth Group

Best Housing Interior Design

  • Star Platinum Euro Ville by Borey Peng Huoth Group
  • Star Platinum Rosato by Borey Peng Huoth Group

Best Retail Architectural Design

  • Eden Garden by Phnom Penh City Center
  • NORO Mall by NI Development Co., Ltd.
  • The Heritage Walk by Metro Lifestyle Development Co., Ltd.

Best Retail Interior Design

  • NORO Mall by NI Development Co., Ltd.

Best Office Architectural Design

  • Chief Tower by JS Property International Co Ltd.
  • The Parkway by Parkway Investments Co., Ltd.

Best Serviced Apartment Interior Design

  • Mansion51 Hotel & Apartment by Mansion51 Hotel & Apartment
  • Tronum by Tronum Home Co., Ltd.

Best Housing Landscape Architectural Design

  • ARATA Garden Residences by Creed Group
  • Borey The Mekong Royal by Mekong Phnom Penh Development Corporation (MPDC)
  • Star Platinum Euro Ville by Borey Peng Huoth Group
  • Star Platinum Rosato by Borey Peng Huoth Group

Best Retail Landscape Architectural Design

  • Eden Garden by Phnom Penh City Center
  • Euro Park by Borey Peng Huoth Group
  • NORO Mall by NI Development Co., Ltd.

Best Mixed Use Landscape Architectural Design

  • CEO KT Pacific by LIXIN Construction
  • Greater Euro Ville by Borey Peng Huoth Group
  • One Park by GRED – Graticity Real Estate Development Co., Ltd
  • The Parkway by Parkway Investments Co., Ltd.

SPECIAL AWARDS

Best Universal Design Development

  • Eden Garden by Phnom Penh City Center

CARE Special Recognition for Positive Construction Practices

  • Winner to be revealed at the gala dinner on 16 March 2018

Special Recognition for Public Facility

  • Winner to be revealed at the gala dinner on 16 March 2018

PUBLISHER’S CHOICE

Cambodia Real Estate Personality of the Year

  • Hun Chansan, Founder, Design Director & Principal Architect, Re-Edge Architecture + Design

For more information, visit AsiaPropertyAwards.com/cambodia-property-awards/