FIABCI is the French acronym for "Federation Internationale des Administrateurs de Bien-Conselis Immobiliers", which means "The International Real Estate Federation".
In its 61 years of existence, FIABCI has built an enviable reputation. It represents the world's real estate professions through its Special Consultative Status with the Economic and Social Council (ECOSOC) of the United Nations Organisation.
FIABCI's role in the United Nations is to make recommendations and provide advice on matters such as property rights, housing for the poor and money laundering.
With chapters currently operating in more than 60 countries, FIABCI represents every discipline in the industry and links thousands of real estate professionals worldwide.
Environmental (Rehabilitation/Conservation) Category
Project that rehabilitates an environment or to conserve existing environment, ie Ex-mining land, polluted river, land fill, land that has been damaged severely by industrial use, marshland destroyed by deforestation or such similar damaged land.
Heritage (Restoration/Conservation) Category
Any building that is identified for Heritage Conservation or Preservation by the relevant authority is restored to its original condition as best as possible. The building after restoration can be for any usage depending on the owner. The same building may enter for more than one category. The owner may decides to enter only for Heritage Category, then he must answer the questionnaire for Heritage Category. If the building is use as a hotel, the owner can enter the building for the Hotel Category and the Heritage Category, and be judged under both categories, Heritage and hotel.
Hotel Building with Rooms and Serviced Apartment that are leased out as a Commercial enterprise.
For industrial building, industrial parks, technology parks, warehouse, factory, workshop, etc.
Master Plan Category
This is a Planning Category on how the land usage is planned. A development concept plan must be approved by relevant Government authority with at least one phase completed.
For office buildings and office parks.
Public Infrastructure/ Amenities Category
Project exclusively financed and developed by public fund, ie government building, hospitals, road, bridges, airport, stadium, etc.
Purpose Built Category
For project/building that does not comply with any other categories, for instance, hospital, airport, bus terminal, university and school buildings etc. Funding for such project is from the private sector and its profit consideration is an important factor.
Residential (High Rise) Category
Apartments, condominiums (17 storey and above).
Residential (Mid Rise) Category
Apartments, condominiums (above 5 storey and below 17 storey).
Residential (Low Rise) Category
Housing estates, housing complexes (5 storey and below).
A resort is a place for stay and relaxation or recreation attracting visitors for holidays or vacations. i.e. Beach Resort, Hill Resort, Ski resort, etc. A self-contain resort provides most of a vacationer’s requirement while remaining on the premises, such as food, drinks, lodging, entertainment, recreation and shopping.
Mall, shopping centres, hypermarket, etc.
Sustainable Development Category
For energy saving project, ie save energy feature, building allow more natural lighting, conserve or harvest rain water for use.
FIABCI World Prix d'Excellence Awards 2016 on Wall Street Journal 22 June 2016
Wednesday, 22 June 2016