01 June 2010
The International Real Estate Federation (Fiabci) has chosen 12 winners and 12 runners up from 54 nominees as recipients of the most prestigious award in the property industry, the Fiabci’s Prix d’Excellence Awards.
Regatta the Icon, a collaboration between home developers PT Intiland and PT Global Eka Buana, emerged as the winner of the Bali Congress Award, a category made especially for the 61st Fiabci World Congress, held in Nusa Dua, Bali, from Thursday to Friday.
Another project in Indonesia, the Jakarta Garden City by PT Mitra Sindo Sukses, was named the second-best low-rise residential complex in the world in this year’s accolade.
The Regatta is a property development that includes 10 apartment towers with an aqua park, hotel and a serviced apartment, located on an 11-hectare plot at Pantai Mutiara beach in Ancol, North Jakarta.
The structure was designed by Tom Wright of Atkins, an architecture design consultant based in Epsom, United Kingdom, that is famous for global landmark buildings such as the Burj al Arab in Dubai.
President of the Fiabci Prix d’Excellence Awards 2010, Yeow Thit Sang, said the purpose of the awards was to encourage property developers to continue innovating while maintaining high standards.
“Indeed, the quality of the projects submitted prior to the competition was of a very high standard,” Yeow said.
One fact that stood out was that the environmental assessment category counted for more this year, up to 25 percent from 20 percent last year.
Johannes Tulung, head of the environmental issues at the Indonesia Real Estate Association said that the winners had been selected in a transparent process where each judge on the panal evaluated each project independently.
“It means that we don’t know who the other judges are. I was assigned to evaluate a project without knowing who the other judges were,” he said.
The winning projects were from 11 countries. Asia contributed the most nominations with 40 projects from eight countries, followed by Europe with 11 projects from two countries, and the United States with two projects.
The independent judges are real estate industry professionals from 18 countries. Among them were presidents of a number of Fiabci chapters in different areas, former Fiabci presidents and reputable property professionals such as architects, surveyors, appraisers and developers.
The committee chairman of the 61st Fiabci World Congress Bali, Pingki Elka Pangestu, said Indonesia had had a large number of properties evaluated for the esteemed accolade.
Some of those constructions, Pingki said, were of excellent quality, boasting world-class designs and building material.
“I also believe that the Prix d’Excellence is an effective way to improve consumers’ confidence in getting the best products,” Pingki concluded.