The 2024 edition of the PropertyGuru Asia Property Awards (Greater Niseko) is now accepting entries across a broad range of categories that aims to elevate the standards of development and design in Japan’s alpine real estate markets.
Category: Construct
People’s Choice Awards return for 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty
PropertyGuru Group (NYSE:PGRU), Southeast Asia’s leading property technology company, is delighted to present the return of the highly anticipated People’s Choice Awards as part of the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty 2024.
The People’s Choice Awards are special honours conferred upon Malaysia’s distinguished development companies based on their project quality, brand reputation, and consumer satisfaction. These categories are entirely voted for by consumers and audited by a third-party supervisor.
This year’s voting runs from 1 July to 14 July 2024, offering property seekers the opportunity to make their voices heard and vote for their favourite and trusted developers. Only residents based in Malaysia are eligible to cast their vote.
Voting for the People’s Choice Awards 2024 is now open via: https://peopleschoiceawards.asia/malaysia/vote/
By participating in the People’s Choice Awards at the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty 2024, voters take part in Malaysia’s leading real estate awards programme.
The People’s Choice Awards are in addition to the competitive categories of the PropertyGuru Asia Awards Malaysia in partnership with iProperty. The black-tie gala dinner and presentation ceremony will be held on 25 October 2024 at The St. Regis Kuala Lumpur.
Key dates of the 2024 edition:
1-14 July 2024 – People’s Choice Awards voting period
15-17 July 2024 – Live Judging Days
25 October 2024 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia
Empowering consumers
Kenneth Soh, country manager for Malaysia at PropertyGuru Group, said: “We are excited to present the latest edition of the People’s Choice Awards, an initiative empowering you, our esteemed consumers, to identify and recognise developers who have distinguished themselves in the property sector. By participating in the voting process, you assert your preferences and incentivise Malaysian developers to prioritise the best interests of consumers. The feedback from property seekers is crucial, and these awards honour those who successfully build spaces for the greater good of the community.”
Introduced in 2014, the People’s Choice Awards have been integrated into the PropertyGuru Asia Property Awards programme since PropertyGuru Malaysia and iProperty, the country’s two leading property portals, set a new single benchmark for excellence in real estate in 2022.
To maintain the integrity of the voting process, the results are independently verified by the official balloting partner, HLB Ler Lum Chew, a member of the “2024 Network of the Year” winner HLB International, the esteemed global network of independent professional accounting firms and business advisers.
Fair, credible, transparent judging
An 18-member, professional judging panel will provide their fair, credible, transparent perspectives on the entries to the PropertyGuru Asia Awards Malaysia in partnership with iProperty. The judges, comprising experts in real estate and various fields, will take part in the Live Judging Days from 15 July to 17 July 2024 to recognise the best developers, developments, and designs in 105 award categories.
HLB Ler Lum Chew is also entrusted with overseeing the entire judging process and ensuring that it is conducted with integrity and transparency.
The PropertyGuru Asia Awards Malaysia in partnership with iProperty are part of the regional PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and awards ceremonies that represent the most anticipated property events of the year.
Top winners in Malaysia in the competitive categories will get the chance to compete with their peers abroad for the coveted titles of “Best in Asia” at the 19th PropertyGuru Asia Property Awards Grand Final, which will be presented on 13 December 2024 in Bangkok.
Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official ESG knowledge partners GreenRE and Malaysia Green Building Council; official magazine Property Report by PropertyGuru; media partners Kopi & Property, Marketing In Asia, Niaga Times, Penang Property Talk, The Grid Asia, The Malaysia Voice, and Top 10 Malaysia; and official supervisor HLB.
For more information, email awards@propertyguru.com or visit the official website: asiapropertyawards.com.
ABOUT PROPERTYGURU ASIA PROPERTY AWARDS
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024.
For more information, please visit AsiaPropertyAwards.com
ABOUT PROPERTYGURU GROUP
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 34 million property seekers2 to connect with almost 55,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.8 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.
For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn
(1) Based on SimilarWeb data between July 2023 and December 2023.
(2) Based on Google Analytics data between July 2023 and December 2023.
(3) Based on data between October 2023 and December 2023.
(4) Based on data between October 2023 and December 2023.
PROPERTYGURU CONTACTS:
General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com
Sales & Nominations:
June Fong, Events Director & Head of Awards (Malaysia)
M: +6019-319 0127
E: june.fong@iproperty.com.my
Media & Partnerships:
Nate Dacua, Senior Manager, Media & Marketing Services
M: +66 92 701 2519
E: nate@propertyguru.com
The 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) are now accepting entries across new, diverse categories
Organisers of the PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) have announced an expanded roster of categories for the programme’s 2024 edition.
The 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) are now accepting submissions ahead of the highly anticipated presentation ceremony on Friday, 13 December 2024. This prestigious event will be held at The Athenee Hotel, a Luxury Collection Hotel, Bangkok, promising a day of celebration and recognition for outstanding achievements in the Chinese property sector.
Submissions from eligible entrants are currently being accepted via asiapropertyawards.com until 13 September 2024.
Key dates for the 2024 edition:
13 September 2024 – Entries close
23 September – 14 October 2024 – Site Inspections (Hong Kong and Macau)
16-17 October 2024 – Final Judging
13 December 2024 – Awards Ceremony in Bangkok, Thailand
13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand
Embracing change, underscoring innovation
The latest edition of the PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) features an expanded list of categories that embrace change and underscore innovation in the real estate industry.
New categories in 2024 include titles for affordable residential developers as well as the Environmental, Social, and Governance (ESG) awards for companies that lead in sustainable design, sustainable construction, energy efficiency, and social impact.
Outstanding projects can also compete for new categories distinguishing the country’s finest investment properties; lifestyle developments; nature-integrated projects; and sales galleries.
Jules Kay, general manager of PropertyGuru Awards and Events, said: “Following the successful return of our awards programme to a physical format last year, we eagerly anticipate another celebration of success in China this year, recognising exemplary leaders and professionals in property development, architecture, and design. With innovative ideas and a commitment to quality, the real estate industry across Asia demonstrates resilience and adapts to challenges. As the Gold Standard of real estate, we believe the PropertyGuru Asia Property Awards inspire creativity, stimulate solutions, elevate standards, and will ultimately help drive positive outcomes for the property sector in China.”
The Best in Asia
Top winners will have an opportunity to compete with their peers for the coveted titles of “Best in Asia” at the 19th Annual PropertyGuru Asia Property Awards Grand Final on 13 December 2024.
China showcased exceptional projects at last year’s 18th PropertyGuru Asia Property Awards Grand Final where developments such as The Fullerton Ocean Park Hotel Hong Kong by Sino Land Company Limited; M8 by China Construction Engineering (Macau) Company Limited; and New Bund 31 by Shun Tak Qiantan (Shanghai) Cultural and Real Estate Company Limited garnered regional acclaim.
The winners of the 2024 awards will be determined by an independent panel of judges, composed of experts in the property sector and related fields. The judges conduct a transparent, fair, and impartial selection process under the supervision of HLB, the global advisory and accounting network.
Ken Ip, chairperson of the Awards in Mainland China and chairman of Asia MarTech Society, said: “The Mainland Chinese property market continues to demonstrate remarkable resilience and innovation in the face of headwinds. Last year’s landmark edition of our awards programme showcased the incredible dedication and creativity of developers and designers, setting new benchmarks across China’s real estate industry. Building on this success, we are glad to open entries for the latest edition of our awards, featuring exciting new categories that reflect current trends and opportunities.”
Paul Tse, chairperson of the Awards in Hong Kong and Macau and president of the Macao Association of Building Contractors and Developers, said: “Last year saw the remarkable achievements of the Hong Kong and Macau property sectors showcased on the international platform of the awards. As we embark on a new edition of the awards in 2024, we anticipate an even more robust display of excellence, growth, and development in these cities. We look forward to developers and designers embracing change, exploring fresh opportunities, and guiding consumers towards a more brilliant, sustainable property market in Hong Kong and Macau.”
The PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) are part of the regional PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala events and ceremonies that represent the most anticipated property events of the year.
Organised by PropertyGuru Group (NYSE:PGRU), the 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) programme is supported by official partner Anjuke; official marketing partner Global Design Awards Lab; official magazine Property Report by PropertyGuru; official publicity partner Molihua Media Group (MMG); media partners Mingtiandi and The Standard; and official supervisor HLB.
For more information, email awards@propertyguru.com or visit the official website: asiapropertyawards.com.
About PropertyGuru Asia Property Awards
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024.
For more information, please visit AsiaPropertyAwards.com
About PropertyGuru Group
PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 34 million property seekers(2) to connect with almost 55,000 agents’ monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.8 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform,Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.
For more information, please visit: PropertyGuruGroup.com;PropertyGuru Group on LinkedIn
(1) Based on SimilarWeb data between July 2023 and December 2023.
(2) Based on Google Analytics data between July 2023 and December 2023.
(3) Based on data between October 2023 and December 2023.
(4) Based on data between October 2023 and December 2023.
PropertyGuru Contacts:
General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com
Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com
Sales & Nominations:
Kai Lok Kwok, Solutions Manager
M: (+66) 97117 8595
E: kai@propertyguru.com
Yiming Li, Solutions Manager
M: +66 082 292 1309
E: nick@propertyguru.com
Messe Munchen Singapore announces the co-location of two-dedicated tradeshows for Southeast Asia’s USD450+ billion construction sector
MMI Asia Pte. Ltd. (MMI Asia), the regional subsidiary of Messe München GmbH, is proud to announce the launch of the ASEAN Stone exhibition in addition to its line-up of trade exhibitions, taking place from 11 to 13 December 2024, at the prestigious Saigon Exhibition and Convention Centre (SECC) in Ho Chi Minh City, Vietnam, to support in helping Southeast Asia countries and Vietnam deliver the 2050 Vision. The event is supported by Marmomacchine Servizi srl, a service company of Confindustria Marmomacchine (Associazione Italiana Marmomacchine).
ASEAN Stone 2024 is the first dedicated exhibition of stone, allied machinery, tools, chemicals and materials in Southeast Asia e.g granite, quartz, marble slabs, mosaic and natural stone, stone processing and cutting devices, quarrying machines and polishing equipment. The exhibition will be co-located with ASEAN Ceramics 2024 in Vietnam. The stone and ceramics industries go hand in hand with the broader manufacturing and construction industries to support the expansion in Southeast Asia. Both events will address growing demand for raw materials, machinery, tools, equipment and other related services and technologies necessary to produce high-quality building products in the region’s USD 450+ billion construction sector. The move will allow two distinctive forums the opportunity to foster greater crossover while maintaining the branding and identity of each community in two distinct halls.
Trade visitors will have access to both show floors affording the unique opportunity to engage, collaborate, learn, and acquaint themselves with the latest advancements. The synergy of co-location provides an extremely powerful and significant avenue for networking at an incredibly important time for our industry where technology and knowledge from both industries can be shared whilst specific programming and events will continue to serve each show thus providing a brand-new set of experiences and solutions to attendees.
With an exhibition space of 6,600sqm, almost double the size of ASEAN Ceramics 2023 in Hanoi, an expected turnout of over 300 exhibitors and brands and over 5,000 trade visitors, these events promise to bring together the most influential stakeholders in the stone and ceramics industries in the region.
As an example of market growth according to regional analysis, the natural stone market in Asia-pacific region generated a revenue of $19,907.20 million in 2021 and is expected to reach up to $35,170.00 million by 2030 (Source). Also, Vietnam’s ceramic industry soars and ranked as the world’s 4th largest tile production and one of the top 10 largest construction ceramic-producing countries. With this evident surge in the natural stone and ceramics market, the exhibition will play a key role in accelerating network building between local and international brands and associations to meet the growing requirements and demand, a great platform for exhibitors to offer solutions to address current challenges on digitalization & automation and to demonstrate the future of each industry from manufacturing, production and technologies to 10 countries in Southeast Asia – Vietnam, Indonesia, Thailand, Philippines, Malaysia, Singapore, Laos, Cambodia, Brunei and Myanmar.
Michael Wilton, CEO & Managing Director of MMI Asia, expresses his anticipation for this event, “We decided to co-locate these events after analyzing the market requirements and potential synergies afforded by the cross-industry integration. The exhibition will welcome all exhibit profiles and suppliers from around the world to give access for ASEAN’s distributors, suppliers, manufacturers, architects, designers, contractors and developers to the latest most innovative technologies and services. This will be in addition to extensive experience and knowledge base enabling a positive difference in the value chain of both stone and ceramics. ”
Several supporting programs will provide a highly interactive, knowledge platform for the industry for regional buyers to meet global suppliers. Highlights of the 3-day exhibition include academic seminar, product showcasing, hosted buyer program, buyer-seller forum, pre-event factory tour, networking dinner, and over 50+ conference sessions hosted by renowned experts at both events.
ASEAN Stone will focus on applications for building & monumental while 8th ASEAN Ceramics, with co-organizer Vietnam Building Ceramic Association (VIBCA), will remain its focus on raw materials as well as technology and machinery for the production of refractory materials, bricks, tiles, sanitary ceramics, tableware and advanced ceramics – the perfect gateway to meet the ASEAN regional buyers and global suppliers, establish trade relationships and expand geographic reach. Leveraging on the great success of ASEAN Ceramics 2023 in Hanoi, the team promises to deliver the best experience for all professionals in the stone industry. For more information, please visit website https://aseanceramics.com/asean-stone-2024/.
About ASEAN Ceramics
ASEAN Ceramics is Southeast Asia’s leading international exhibition of machinery, technology and materials for manufacturing, white-ware, heavy clay, and advanced ceramics, and the only in the region that unites the whole ceramics community. The exhibition brings together manufacturers, suppliers, professionals, and industry experts from around the world to showcase the latest products, technologies, and ideas. For more information, visit www.aseanceramics.com.
About Messe Muenchen GmbH
Messe Muenchen GmbH is one of the world’s leading trade fair organizers with more than 50 trade fairs for capital goods, consumer goods, and modern technologies. Every year, Messe Muenchen organizes more than 200 events in Munich, Germany, and abroad, attracting over 30,000 exhibitors and 2 million visitors. The company’s mission is to create innovative, sustainable, and profitable platforms for its customers to do business and connect with their target markets.
About MMI Asia Pte Ltd
MMI Asia is a full subsidiary of Messe München GMBH (MMG) established in 1992 and one of the world largest and leading exhibition organizers. MMI Asia was set up as the regional headquarter and a wholly owned subsidiary of MMG to promote global trade expansion by facilitating participation of Asian exhibitors in Messe München fairs worldwide. MMI Asia also provides consultancy in professional trade fairs and conference management to government bodies, international trade and promotion organizations, and trade associations.
Contact:
ASEAN Stone & ASEAN Ceramics Team
MMI Asia Pte Ltd
Email: aseanceramics@mmiasia.com.sg
Mobile (Whatsapp) : +65 8150 1614
Sinoma International Successfully Hosts The Second SINOMA Cement Green & Intelligent Summit
The Second SINOMA Cement Green & Intelligent Summit was held in Nanjing, Jiangsu province on May 17.
Themed “Green Intelligence Empowers Cooperation,” the event was joined by more than 400 representatives from 34 countries, who had in-depth exchange of views on green and low-carbon development, digital design and intelligent management.
Together, they shared the application results of frontier technologies and discussed international cooperation in the cement industry, in an attempt to build a green, intelligent and beautiful future.
General Manager of China National Building Materials Group (CNBM) said in a speech that the group will keep adhering to its mission of “Better Materials Better World” and serve the industry and its clients with high-quality innovative achievements. The group will make this high-profile conference into a regular platform where global cement enterprises can meet and exchange with each other.
He hopes that CNBM could work together with its domestic and overseas counterparts to create a new chapter of green, low-carbon, digital and intelligent development of the global cement industry.
South African Ambassador to China Siyabonga Cyprian Cwele delivered a speech at the conference. He said that SINOMA International Engineering Co., Ltd. (SINOMA International) has played an active role in strengthening cooperation between China and South Africa since entering the South African market in 2006, highlighting the company’s professional expertise and excellent service. He also invited international businesses in the building materials industry to invest and develop in South Africa.
In his speech, Ethiopian Ambassador to China Tefera Derbew Yimam shared the characteristics and initiatives of Ethiopia’s cement industry and green development.
He said SINOMA International has promoted local cement production and created massive jobs when joining large-scale cement projects, acknowledging the company’s contribution to Ethiopia’s cement industry. He extended an invitation to all interested companies to invest in Ethiopia’s cement sector.
Chairman of SINOMA International Yin Zhisong, on behalf of the organizing committee, delivered a welcome speech at the opening ceremony of the conference, in which he shared his insights about how SINOMA International fulfilling commitments since the first summit.
He noted that SINOMA International treasures innovation, considers equipment crucial, regards the environment as its life, and values mutual trust as the source of every business relationship. The company aims to empower its global clients with world-class industrial intelligent technology and services, Yin added.
He said SINOMA International, following the corporate mission of “Promoting Green and Intelligent Development, Serving a Better World” will work to create a data-driven green and intelligent technology and service system, so as to promote the sustainable development of the global cement industry.
This conference also featured two sub-forums on “Green Low-Carbon” and “Digital Intelligence,” with a total of 29 invited reports and special technical lectures delivered in six sessions.
The Second SINOMA Cement Green & Intelligent Summit provided an important platform for enterprises in the global green and intelligent building materials industry to enhance communication, build trust, and strengthen cooperation.
The event will keep telling SINOMA stories to the world, showcase the new technologies and achievements of SINOMA International, and contribute to the high-end, intelligent, and green development of the global cement industry. It will work together with all relevant parties to build a community with a shared future for mankind, and write new chapters of development in “Green Intelligence Empowers Cooperation”.
Sinoma International Engineering Co. Ltd.,
Deng Jiexi
Email: dengjiexi@sinoma.com.cn
Website: http://www.sinoma.com.cn/
Telephone: (010)64399322
M&A Securities and NewParadigm Underwrites Rights Issue with Warrants for Siab Holdings Berhad’s Acquisition of Taghill
Siab Holdings Berhad (Siab or the Company), an established player in Malaysia’s construction industry, is pleased to announce its plans to raise approximately RM103.98 million through private placement, of which RM12.00 million has been completed on 28 December 2023, and rights issue with warrants. These funds will be used to finance the acquisition of Taghill Projects Sdn. Bhd. (Taghill). The rights issue with warrants, valued at RM91.98 million, will be underwritten by M & A Securities Sdn. Bhd. (M & A Securities), the Principal Adviser, Managing Underwriter and Joint Underwriter to the Company, as well as NewParadigm Securities Sdn. Bhd. (NewParadigm), the Joint Underwriter to Siab.
![Vincent YH Chu, Deputy Managing Director of Taghill Group; Mr. Yap Kek Siung, Executive Director of Taghill Group; Mr. Ng Wai Hoe, Group Managing Director of Siab Holdings Berhad; Datuk Bill Tan, Managing Director of Corporate Finance from M & A Securities; Mr. Charanjeev Singh, Executive Director/ Group CEO from NewParadigm Securities; Mr. Wong Yih Ming, Founder and Managing Director of Taghill Group[L-R]](https://photos.acnnewswire.com/20240507.Siab.jpg)
These efforts support the acquisition of Taghill, a move designed to bolster the Company’s growth trajectory, where the purchase price for Taghill is set at RM122.00 million, to be settled with RM96.00 million in cash and the issuance of 200.00 million new Siab shares at RM0.12 per share as detailed in the circular issued by the Company dated 16 November 2023.
Taghill is a construction project and contract management consultancy company, which has completed 12 major construction projects worth RM1.58 billion, including notable developments like Expressionz Suites and Ceylonz Suites in Kuala Lumpur. Currently, Taghill boasts a robust order book valued at RM1.31 billion and has committed to a profit guarantee of at least RM24.00 million for the financial years 2024 and 2025. Nonetheless, Taghill has a strong orderbook of RM1.31 billion.
Mr. Ng Wai Hoe, Group Managing Director of Siab Holdings Berhad, expressed his excitement by saying, “The integration of Taghill into our operations allows us to leverage on each other’s specialty which will significantly enhances our Company’s overall value and create synergy for us to work together closely over a longer horizon. We appreciate the continuous support and expertise provided by M & A Securities, NewParadigm Securities and our Financial Advisor, Eco Asia Advisory Sdn. Bhd. (“Eco Asia”), in facilitating these transformative initiatives.”
Datuk Bill Tan, Managing Director of Corporate Finance from M & A Securities added, “We are thrilled to assist Siab in these pivotal financial manoeuvres. With the funds raised, Siab is well-positioned to enhance its market presence and seize more opportunities in the dynamic Malaysian construction and property market.”
Mr. Charanjeev Singh, Executive Director/ Group CEO from NewParadigm commented, “The fund-raising exercise and acquisition of Taghill would allow Siab continues its path on becoming the market leading in construction sector in Malaysia. We are truly delighted to be a part of this significant tipping point of Siab.”
The construction industry in Malaysia is expected to expand by 6.8% to RM60.49 billion as supported by broad-based growth across all subsectors. In Budget 2024, the allocation for Development Expenditure (“DE”) stands at RM99.0 billion – which is the largest DE ever to support the significant growth in the local construction industry. One of the most notably initiative includes the Malaysian Government’s focus on home ownership with an allocation of RM2.47 billion, allocated to implement housing projects for the rakyat in 2024. Siab, together with the acquisition of Taghill, is more than ready to support the Malaysian Government ambitious DE in 2024.
Prestigious titles for top developers at the 14th PropertyGuru Asia Property Awards (Singapore)
Organisers of the PropertyGuru Asia Property Awards (Singapore) have announced their call for entries ahead of this year’s highly anticipated gala celebration.
The 14th Annual PropertyGuru Asia Property Awards (Singapore), supported by Mitsubishi Electric Asia, are now accepting submissions from the industry and the public via asiapropertyawards.com/nominations until 30 August 2024.
Bringing the city-state’s finest developers together, the black-tie gala dinner and presentation of the Awards are now scheduled for Friday, 8 November 2024 at The Ritz-Carlton, Millenia Singapore.
Key dates for the 2024 edition:
30 August 2024 – Entries close
23 September-4 October 2024 – Site Inspections
7 October 2024 – Final Judging
8 November 2024 – Gala Dinner and Awards Ceremony in Singapore
13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Singapore
Raising standards
Almost 90 categories are in the latest edition of the Awards, raising the Gold Standard of real estate higher in Singapore for 2024.
Newly added categories include the never-before-presented ESG awards, recognising excellence in the spheres of sustainable design, sustainable construction, energy efficiency, and social impact. Other new categories include awards for the country’s finest investment properties.
An independent panel of judges, composed of seasoned professionals from diverse segments within the real estate realm, ensures a fair and transparent selection process. HLB, the worldwide network of independent advisory and accounting firms, supervises the entirety of the judging process.
Kristin Thorsteins, chairperson of the panel of judges and head of partnerships – growth for APAC at IWG PLC, said: “Joining the PropertyGuru Asia Property Awards is a valuable investment for Singaporean property developers, offering independent validation of their projects, boosting brand recognition, and generating wide-reaching media exposure. This recognition translates to increased trust from buyers and investors, differentiating the developer in a competitive market. Additionally, the awards offer networking opportunities with leading industry players, provide an avenue to benchmark quality, and can lead to increased sales and the ability to command premium pricing.”
Resilience of demand
The enhanced, diversified categories point to the continual resilience of demand for residential properties in Singapore.
Seven in 10 Singaporeans intend to buy a property, with more than half planning to buy it within the next five years, according to the PropertyGuru Singapore Consumer Sentiment Study (CSS) H1 2024.
The study further revealed that the overall Sentiment Index has remained stable at 44 points, a slight increase from the last wave in the H2 2023 report at 43 points.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “With its inherent stability, Singapore continues to offer attractive options for property buyers and investors in the Asia Pacific region. We look forward to honouring the finest real estate in Southeast Asia’s most resilient market as it continues to set the highest standards in urban development. The latest edition of these Awards is also an opportunity to showcase the superior built spaces that make Singapore a city of tomorrow and a future-ready destination to live, work, and thrive.”
Top representation
Top developers successfully represented Singapore at the 18th PropertyGuru Asia Property Awards Grand Final in December 2023.
GuocoLand won Best Developer (Asia) for the third time in the history of the Grand Final, also known as the culmination of the PropertyGuru Asia Property Awards series. Other winning developers included Frasers Property Singapore, recipient of the Best Mixed Use Developer (Asia) award, and UOL Group Limited and Pan Pacific Hotels Group, recipients of the Best Hospitality Developer (Asia) award. UOL Group Limited also won the Best Sustainable Developer (Asia) award while EL Development Pte Ltd won the Best Hospitality Interior Design (Asia) award.
The PropertyGuru Asia Property Awards (Singapore) are part of the regional PropertyGuru Asia Property Awards series, marking its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and ceremonies that represent the most anticipated property events of the year.
Organised by PropertyGuru Group (NYSE:PGRU), the 14th PropertyGuru Asia Property Awards (Singapore) are supported by gold sponsor Mitsubishi Electric Asia; official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partner Top 10 Singapore; and official supervisor HLB.
For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.
ABOUT PROPERTYGURU ASIA PROPERTY AWARDS
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024.
For more information, please visit AsiaPropertyAwards.com
ABOUT PROPERTYGURU GROUP
PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 34 million property seekers(2) to connect with almost 55,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.8 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.
For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn
(1) Based on SimilarWeb data between July 2023 and December 2023.
(2) Based on Google Analytics data between July 2023 and December 2023.
(3) Based on data between October 2023 and December 2023.
(4) Based on data between October 2023 and December 2023.
PROPERTYGURU CONTACTS:
General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com
Media & Partnerships:
Piyachanok Raungpaka, Media Relations & Marketing Services Executive
M: +66 94 887 5163
E: piyachanok@propertyguru.com
Sales & Nominations:Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg
The 7th PropertyGuru Asia Property Awards (Australia) launch with enhanced categories ahead of anticipated return to Melbourne
With fresh leadership and greater support from local developers, the PropertyGuru Asia Property Awards (Australia) programme has officially opened with an enhanced roster of categories for its 2024 edition.
The black-tie dinner and presentation ceremony of the 7th Annual PropertyGuru Asia Property Awards (Australia) are now set for Friday, 11 October 2024 at the Grand Hyatt Melbourne. They mark the second occurrence of the gala celebration on Australian soil, following its historic 2023 edition also held in the Victorian capital.
Submissions from the industry and the public are now accepted via asiapropertyawards.com/nominations until 2 August 2024.
New details on the awards, collectively known as the Gold Standard of real estate, were announced today during the “Connect with Southeast Asia” event at the Four Seasons Hotel Sydney.
Key dates for the 2024 edition:
2 August 2024 – Entries close
12 August – 9 September 2024 – Site Inspections
10 September 2024 – Final Judging
11 October 2024 – Gala Dinner and Awards Ceremony in Melbourne, Australia
13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand
A wide net of recognition
The 2024 awards for Australia comprise 102 categories, casting a wide net of recognition over outstanding real estate enterprises, developments, and designs throughout the continent. Categories cover the finest developers and projects not only in New South Wales (NSW) and Victoria but also in the Australian Capital Territory (ACT), Queensland, South Australia, and Western Australia.
New categories include the never-before-presented ESG awards, recognising companies that advocate for and excel in sustainable design, sustainable construction, energy efficiency, and social impact. Other new categories stand to honour outstanding condominium and housing developments for investment, as well as nature-integrated developments and even sales galleries.
New chairperson, supporting association
An independent panel of expert judges fairly and transparently determines the shortlist of nominees and list of winners. The judging panel conducts its duties this year under a new chairperson: Ivan Lam, head of international business, Charter Keck Cramer.
Mr. Lam succeeds Lui Violanti, regional manager, Western Australia, Inhabit Group, who remains on the programme as vice-chairperson of the judging panel.
Mr. Lam said: “It’s evident that Australia remains a top choice for property seekers from all over Asia-Pacific. The return of buyers, from families of international students to investors looking for great returns, underscores Australia’s importance on the global stage. As we appreciate the investment shifts and trends that move this property market, we are thrilled to recognise and reward the developers at the forefront of this transformation, creating spaces that resonate with property seekers at home and abroad.”
This year, the awards programme has added the Australian Property Developers Association as supporting association, joining such esteemed organisations as Australia Malaysia Business Council Victoria and Melbourne Chinatown Association in celebrating the Gold Standard of real estate.
The entire selection process is made credible and impartial under the supervision of Josh Chye, partner, tax consulting, HLB Mann Judd.
Strengthened appeal
The latest edition of the awards launches as Australia recovers and strengthens its appeal to overseas property buyers, according to Property Report by PropertyGuru, the official magazine.
Record sale prices have been reported around the country, from award-winning waterfront residences to large estates and apartment units, while institutional investors and international students have resumed exploring new opportunities nationwide.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “As we enter our seventh year of celebrating success in the country’s real estate sector, Australia’s appeal to property seekers from Asia remains strong. Amid global uncertainties, Australia offers a well-regulated environment, attracting international investors as a haven of stability and opportunity. From the picturesque waterfronts of Gold Coast to the multicultural cities of tomorrow in New South Wales and Victoria, Australia offers some of the finest lifestyle value propositions in the world. The PropertyGuru Asia Property Awards amplify this message, providing a platform to showcase Australia’s best real estate to the rest of Asia-Pacific.”
Joining Mr. Kay at the launch event was Travis Su, managing partner of Skyland Group, winner of the Best Luxury Boutique Developer title at the 6th PropertyGuru Asia Property Awards (Australia) 2023.
Skyland Group and other major winners of the 2023 awards went on to compete with their peers across Asia-Pacific at the 18th PropertyGuru Asia Property Awards Grand Final 2023 in Bangkok, Thailand. Developers from Australia received five regional wins at the event known as the culmination of the regional PropertyGuru Asia Property Awards series.
The PropertyGuru Asia Property Awards (Australia) are part of the PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and ceremonies that represent the most anticipated property events of the year.
Organised by PropertyGuru Group (NYSE:PGRU), the 7th PropertyGuru Asia Property Awards (Australia) are made possible by supporting associations Australia Malaysia Business Council Victoria, Australian Property Developers Association, and Melbourne Chinatown Association; official magazine Property Report by PropertyGuru; official publicity partner Good Talent Media; media partners Australian Property Investor Magazine, Australian Property Journal, Marketing In Asia, PhilTimes.com.au, The Property Tribune, and Your Investment Property Magazine; and official supervisor HLB.
For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.
ABOUT PROPERTYGURU ASIA PROPERTY AWARDS
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024.
For more information, please visit AsiaPropertyAwards.com
ABOUT PROPERTYGURU GROUP
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 34 million property seekers2 to connect with almost 55,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.8 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform,Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.
For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn
(1) Based on Similar-Web data between July 2023 and December 2023.
(2) Based on Google Analytics data between July 2023 and December 2023.
(3) Based on data between October 2023 and December 2023.
(4) Based on data between October 2023 and December 2023.
PROPERTYGURU CONTACTS:
General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com
Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com
Sales & Nominations:
Watcharaphon Chaisuk (Jeff), Solutions Manager
M: +66 95 797 0595
E: jeff@propertyguru.com
Monika Singh, Solutions Manager
M: +66 87 677 4812
E: monika@propertyguru.com
The PropertyGuru Asia Awards Malaysia in partnership with iProperty launch 11th edition with exciting new honours for ESG
Organisers of the PropertyGuru Asia Awards Malaysia in partnership with iProperty today unveiled new dates and details for the programme’s 2024 edition during an exclusive gathering attended by business leaders.
Malaysia’s finest development companies and real estate projects are set be honoured at the celebration of the 11th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty on Friday, 25 October 2024. Around 400 executives and senior professionals are expected to be in attendance at the highly anticipated awards presentation and gala dinner in Kuala Lumpur.
Entries are now accepted via awards.propertyguru.com until 31 May 2024. With a professionally run and supervised judging system, an independent panel of experts will provide their fair, credible perspectives on entrants during the Live Judging Days, set for July 2024.
Consumers in Malaysia will also get the opportunity to voice their preferences through the People’s Choice Awards. For a limited period in July, property seekers will be able to vote for their favourite developers to win the Awards, showcasing the pulse of the Malaysian consumers.
Key dates for the 2024 edition:
31 May 2024 – Entries close
1-14 July 2024 – People’s Choice Awards voting period
15-17 July 2024 – Live Judging Days
25 October 2024 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia
13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand
Championing ESG
This year’s Awards hold special significance as they introduce five new categories recognising achievements in ESG: Low Carbon Champion, Energy Efficient Champion, Sustainable Design Champion, Sustainable Construction Champion, and Social Impact Champion.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are delighted to distinguish the finest real estate in Malaysia across a broad spectrum of categories this year. Supported by the leading property portals in Malaysia, PropertyGuru.com.my and iProperty.com.my, the Awards have expanded in 2024 to include new categories, honouring the property developers that are championing environmental, social, and corporate governance (ESG) throughout the country. These accolades acknowledge the sustainability endeavours and positive impact of premier developers, in line with Malaysia’s push towards attaining the 2030 Sustainable Development Goals. Our Awards not only set the Gold Standard of real estate but also elevate the industry’s commitment to environmental, social, and corporate responsibility, leading to a better future for stakeholders in the property sector.”
The inclusion of the new categories coincides with GreenRE and Malaysia Green Building Council’s (MGBC) appointment as the Official ESG Knowledge Partners of the 2024 Awards. As Malaysia’s leading green building certification bodies, GreenRE and MGBC are instrumental in the development of the judging framework and criteria for the Awards’ ESG categories.
A staunch advocate for a sustainable built environment, GreenRE’s Executive Director Ir. Ashwin Thurairajah joins the 18-member, professional judging panel of the Awards for the first time this year, along with returning judge, MGBC President Ar. Dr. Serina Hijjas.
Datuk Ar. Ezumi Harzani Ismail, chairperson of the independent panel of judges of the Awards and president of the Malaysian Institute of Architects: 2020-2022, said: “It is important for developers to set a high standard in real estate to push the boundaries of conventional design and introduce innovations that set them apart. Participating in the Awards motivates architects and developers to explore novel materials, cutting-edge technologies, and new construction methods that inspire new architecture with a fresh perspective on the possibilities of the built environment. A great development shapes and influences the world we live in, leaving a lasting legacy for years to come, and brings the developer ahead of others.”
HLB, the global network of independent professional accounting firms and business advisers, is entrusted with overseeing the entire judging process and ensuring that it is conducted with integrity and transparency.
Representation for Malaysia
Top winners of the Awards in Malaysia will qualify to compete for regional accolades at the 19th PropertyGuru Asia Property Awards Grand Final 2024 in Bangkok, Thailand on 13 December. Malaysia’s best developers, developments, and designs will contend for the Best in Asia honours with their counterparts from Australia, Cambodia, Mainland China, Hong Kong, Macau, Greater Niseko (Japan), India, Indonesia, Philippines, Singapore, Thailand, and Vietnam.
Malaysia was represented with four regional wins at the Grand Final in 2023, led by Perbadanan Kemajuan Negeri Selangor (PKNS), winner of the Best Affordable Homes Developer (Asia) award. Projects by Eastern & Oriental Berhad, Eupe Corporation Berhad, and Sime Darby Property also garnered Best in Asia titles.
As the property market gradually rebounds and environmental awareness spreads among prospective buyers and investors, developments that meet the standards of energy efficiency, functionality, and sustainability are set to spearhead the future Malaysian market.
Informed decisions, economic optimism
According to the PropertyGuru Malaysia Consumer Sentiment Study H1 2024, 77% of property seekers believe that climate change is influencing their purchase decisions while 30% are willing to pay more for a green home.
Despite uncertain expectations for the property market this year, service sectors are expected to continue spearheading economic expansion, according to PropertyGuru’s Malaysia Property Market Outlook 2024. Areas with a robust presence of service sectors are likely to remain appealing to home seekers while infrastructural developments, such as those in Johor and Penang, are expected to drive demand.
The PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my are the most respected and most sought-after real estate industry awards programme in the country. The event is part of the regional PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The Awards series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and awards ceremonies that represent the most anticipated property events of the year.
Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official ESG knowledge partners GreenRE and Malaysia Green Building Council; official magazine Property Report by PropertyGuru; media partners Kopi & Property, Marketing In Asia, Niaga Times, Penang Property Talk, The Malaysia Voice, and Top 10 Malaysia; and official supervisor HLB.
For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.
ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:
PropertyGuru’s Asia Property Awards are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
Since launching in 2005, the PropertyGuru Asia Property Awards have been presented to outstanding developers, developments, and designs in the region’s most dynamic property markets. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2024.
For more information, please visit AsiaPropertyAwards.com
ABOUT PROPERTYGURU GROUP:
PropertyGuru is Southeast Asia’s leading PropTech company, and the preferred destination for over 37 million property seekers to connect with almost 59,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.
For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.
Footnotes & Citation:
(1) Based on SimilarWeb data between April 2023 and September 2023.
(2) Based on Google Analytics data between April 2023 and September 2023.
(3) Based on data between July 2023 and September 2023.
(4) Based on data between April 2023 and September 2023.
Group: Key Statistics as of November 2023
* Property seekers: 37 million
* No. of agents: 59,000
* Real estate listings: 2.9 million
Strong Category Leadership Drives Long-Term Growth Opportunities
As of September 30, 2023, PropertyGuru continued its Engagement Market Share*
* Singapore: 83% – 6.2x the closest peer
* Malaysia: 92% – 12.8x the closest peer
* Vietnam: 80% – 4.0x the closest peer
* Thailand: 51% – 1.7x the closest peer
*Based on SimilarWeb data between April 2023 and September 2023.
PROPERTYGURU CONTACTS:
General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com
Sales & Nominations:
June Fong, Events Director & Head of Awards (Malaysia)
M: +6019-319 0127
E: june.fong@iproperty.com.my
Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2519
E: nate@propertyguru.com
AcroMeta Receives Buy-Out Offer for its Controlled Environments Engineering Subsidiary
ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, today announced the Company had on 19 January 2024 received an indicative non-binding letter of intent (the “LOI”) from AESM Holding Pte. Ltd. (the “Purchaser”) in relation to the sale and purchase of 100% of the issued share capital of its wholly-owned subsidiary, Acromec Engineers Pte Ltd (the “Buy-Out”).
The Parties on a best-effort basis endeavour to enter into the definitive agreement necessary to give effect to the Buy-Out transaction by 28 February 2024; or such later date as mutually agreed between the Parties. Shareholders of the Purchaser includes several key management personnel of the Target Company. If the Buy-Out is successfully concluded, the Group’s remaining core business would be its fastgrowing co-working laboratory space business (“CLSB”) via its 70%-owned subsidiary Life Sciences Incubator Holdings Pte Ltd (“LSI”). In addition, the Buy-Out is set to include the novation of LSI’s net debt, further strengthening the Group’s financial position. The Purchaser is also set to indemnify the Group following the Creditor’s Voluntary Liquidation of Neo Tiew Power Pte. Ltd. (“NTP”), in which the Company has a 56% effective interest.
Besides the Group’s current CLSB at The German Center Singapore which occupies an area of 6,500 sqft, the Group continues to collaborate with strategic partners to accelerate the growth of its CLSB:
– 6 April 2023 – LSI entered into a non-binding MOU with a renowned German commercial property management company to work together on LSI’s proposed co-working laboratory space project in the flourishing life sciences hub of Brisbane, Australia.
– 6 October 2023 – LSI entered into a Management Agreement with HB Universal Pte Ltd, a subsidiary of Mainboard-listed Ho Bee Land Limited. The MA engages LSI to operate and manage a co-working laboratory centre at Elementum, One-North, a building in the heart of Singapore’s biomedical industry district.
– 12 December 2023 – LSI entered into a strategic cooperation framework agreement with its partner Fenglin Healthcare Industry Development (Group) Co. Ltd., a company registered in the People’s Republic of China (“PRC”), to deepen their collaboration for the CLSB in the PRC.
Mr Levin Lee, ACROMETA’s Executive Chairman, said, “While the controlled environments engineering EPC (Engineering, Procurement, Construction) business still has growth potential, there will be ongoing margin pressures and challenging operating conditions, primarily due to increased costs in energy, manpower and construction materials. In particular, the availability of skilled manpower poses a challenge together with higher wages and higher dormitory space rental costs. Thus, we want to focus on the less capital-intensive and higher value-add co-working laboratory business to strengthen the Group’s performance.”
In another potential business opportunity, the Company incorporated AcroMeta Minerals Pte. Ltd. (“AcroMeta Minerals”) on 15 November 2023 as a follow-up to the 6 November signing of a non-binding non-exclusive MOU between AcroMeta and PT Swadaya Buana Makmur (“PTSBM”) for the supply of high purity (>99.5%) low iron silica sand from West Kalimantan, Indonesia.
The Company is confident in the long-term prospects of AcroMeta Minerals given the high demand for high purity silica sand which is used in the manufacture of solar panels, precision glass and ceramic instruments, ophthalmic lenses and LCD screens required by many industries such as the biotechnology, electronics, and pharmaceutical industries. The Group is currently negotiating with potential international buyers before entering into formal offtake agreements with PTSBM.
About ACROMETA Group Limited (SGX Stock Code:43F)
ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.
The Group has, over the years, acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.
ACROMETA’s business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical, and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates 6,500 square feet of co-working laboratory space at The German Centre in Singapore, serving SMEs and startups.
The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA’s customers include hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.
The Company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com .
Media and Analysts Contact:
ACROMETA Group Limited
Ms. Cheah Lai Min
Chief Financial Officer
Tel: +65 6415 0574
Email: laimin.cheah@acrometa.com
Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg
This media release has been reviewed by the Company’s Sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”), and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com .