The Malaysian property sector has once again proven its ability to thrive despite economic challenges, as showcased at the recent The Edge Malaysia Property Excellence Awards (TEPEA) 2024. The gala event, now in its 22nd year, celebrated industry leaders and innovative projects that continue to elevate standards in real estate development. Housing and Local Government Minister Nga Kor Ming graced the occasion as guest of honor, underscoring the government’s recognition of the sector’s pivotal role in national growth.
Since its inception in 2003, The Edge Malaysia Top Property Developers Awards (TPDA) has served as a critical trust-building mechanism in an industry often swayed by market uncertainties. Combining financial metrics like profitability and gearing with qualitative assessments of innovation and sustainability, the awards provide a comprehensive evaluation framework. The involvement of independent judges and auditing by Deloitte Malaysia further reinforces the credibility of these rankings, making them a trusted reference for investors and homebuyers alike.
Beyond financial performance, TEPEA has expanded to recognize projects that address pressing societal needs. Categories such as the Affordable Urban Housing Award highlight developments offering quality living spaces at accessible prices, while the Edge Malaysia-PAM Green Excellence Award promotes sustainable building practices. The Value Creation Award, introduced in collaboration with PEPS, acknowledges projects that deliver both financial returns and community benefits, reflecting a shift toward more holistic urban development.
Leadership and vision also take center stage, with awards honoring individuals who have shaped Malaysia’s property landscape. Industry stalwarts like Tan Sri Eddy Chen and Datuk Seri Fateh Iskandar Mohamed Mansor have been recognized for their transformative contributions. Meanwhile, newer categories like Excellence in Conservation & Adaptive Use emphasize the importance of revitalizing neglected urban spaces—a timely focus as Malaysia prepares for the proposed Urban Renewal Act, which aims to streamline redevelopment efforts.