PropertyGuru Indonesia Property Awards 2018 launches fourth edition

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

- Open categories for outstanding township, lifestyle center, 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 recognize 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 honor innovations in niche segments, including Best Township Development, Best Lifestyle Center Development, and Best Industrial Development.

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

The public is 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 neighborhoods 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 urbanization 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 Center Development, the latter recognizing the best community mall or lifestyle facility (covering less than 20,000 gross floor area).

Meanwhile, increased cooperation between Indonesia and neighboring 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 recognize 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 official hotel,Ritz-Carlton Jakarta, Pacific Place. 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 8th PropertyGuru Asia Property Awards Grand Finale, 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 [email protected] or visit: AsiaPropertyAwards.com/indonesia-property-awards/