From left: Indocean Developers Director Ltd. Pradeep Moraes, PropertyGuru Asia Property Awards Director Jules Kay, Paramount Realty Director/CEO Dr Nirmal De Silva, and BDO Sri Lanka BDO Partner Sasanka Rathnaweera seen during the PropertyGuru Asia Property Awards media briefing at Shangri-La Colombo yesterday – Pix by Chamila Karunarathn
PropertyGuru, Asia’s leading property technology company and the host of the region’s largest real estate awards, officially opened the nominations and entries period for its prestigious competition in Colombo recently.
The third edition of Annual PropertyGuru Asia Property Awards (Sri Lanka) recognises the year’s most outstanding developers, projects and design which is scheduled to be held on 26 July at Shangri-La Hotel in Colombo.
“PropertyGuru aims to gain trust from consumers and aims to promote best in real estate for developers and consumers to create something for the future that will develop over time in to a community,” PropertyGuru Asia Property Awards Business Director Jules Kay told journalists in Colombo last week.
He said they intend to provide more than just residential opportunities and investments.
“Sri Lanka is very much at the frontier when it comes to these goals and that’s why we are proud to be a part of country’s real estate industry and to award and reward those who commit themselves to quality,” Kay pointed out.
Noting what made PropertyGuru standout as a regional property awards platform, he outlined fair, transparent and judged by independent experts as some of the salient features of the award scheme.
“Our judging process is intense and it happens over a period of time by our expert panel of judges,” he said.
He noted that this also provides the opportunity to showcase and share experiences of property development which is also a very important part of the PropertyGuru, Asia Property Awards.
“An important part of the Asia Property Awards are the categories, and these are developed by the judges to match actually what is happening in each market of the real estate sector. This year in Sri Lanka there is a wide spread of categories which reflects what is happening in the industry and how diverse it is,” he stressed.
According to the organisers’ online submissions are now being accepted on www.AsiaPropertyAwards.com The nominations are open to the industry and the public.
Open categories include Best Condo, Housing, and Residential Development in Colombo, North East, Central, and Southern Sri Lanka. There are also commercial categories for Best Retail, Office, Mixed Use, Industrial, Hotel Development, and Boutique Hotel Development.
A new category for Best Residential Development (Maldives) has been added due to strong interest from residential developers on the island.
A few special awards are lined up for entrants with exemplary track record in Corporate Social Responsibility (CSR), Sustainable Development, Design and Construction, Customer Care, and Building Communities initiatives.
In addition, a new Sri Lanka Real Estate Personality of the Year awardee will be named; it was presented for the first time in 2018 by the editors of PropertyGuru Property Report magazine to Pradeep Moraes, Director of Indocean Developers Ltd and Chairman of the Condominium Developers Association of Sri Lanka (CDASL).
The highest honours will go to the Best Developer and Best Boutique Developer.
The main category winners of the local competition will then be eligible to compete at the regional Asia Property Awards Grand Final to be held in Bangkok, Thailand in late November where finalists from more than 15 markets from Sri Lanka to Australia will vie for regional accolades.
He said Sri Lanka’s real estate industry has shown great potential for growth following the enthusiastic response of entrants to the first two editions of the competition. One of the country winners, the twin towers of Altair –– designed by legendary architect Moshe Safdie –– eventually took home the Best Condo Architectural Design (Asia) at the Grand Final in November 2018, besting 11 other finalists from across the Asia-Pacific region for its cutting-edge and pioneering concept.
With a solid reputation for fairness, transparency and credibility, the 2019 PropertyGuru Asia Property Awards (Sri Lanka) will be independently judged by a respected panel of experts led by Dr. Nirmal de Silva, Director and CEO of Paramount Realty. The judges will also conduct supervised site inspections for long listed nominees.
The 2019 PropertyGuruAsia Property Awards (Sri Lanka) is supported by official airline partner THAI Airways; official portal partner LankaPropertyWeb.com; official magazine PropertyGuru Property Report; and the award-winning team of BDO, the official supervisor.
The black-tie gala event, which was attended last year by nearly 400 guests, will be produced by the new awards business director Jules Kay, who is one of the original members of the Asia Property Awards team when it was established more than a decade ago.
November 16, 2018
Sri Lanka’s contemporary architectural masterpiece Altair has beaten condominium developments in 15 countries in Asia including Singapore, Hong Kong, Japan, China and Australia, to win the ‘Best Condo Architectural Design Award’at the 2018 Asia Real Estate Summit (ARES) hosted by PropertyGuru Asia in Bangkok, Thailand.
The only Sri Lankan high-rise ever to be adjudged the best in Asia, Altair was honoured at PropertyGuru’s ‘Best of the Best’ awards, at which individual winners selected at country award events throughout the year, were contenders.
Markets from Sri Lanka to China competed at the largest Grand Final event to date of the 13 year old Asia Property Awards, attended by more than 500 guests, with developers from Japan and Australia making their debut at the ceremony. The countries that competed for awards were Singapore, Thailand, Malaysia, Indonesia, Vietnam, Sri Lanka, China, Hong Kong, Macau, Mongolia, Australia, Japan, Philippines, Myanmar and Cambodia.
“We are justifiably elated at winning this award, which is a tribute to the architectural genius of Moshe Safdie and the vision and courage of the promoters of the project, who had confidence, not only in their ability to build Altair, but also in the market’s potential to do justice to such a remarkable edifice,” Mr Moraes commented. “The word icon is sadly overused today, but by winning this award we have emphatically shown why Altair richly deserves that adjective.’
Among the condominium developments that competed for the ‘BestCondo Architectural Desing in Asia award were ‘8St Thomas’by Bukit Sembawang Estates Limited, Singapore; ‘Alpha City’ by Alpha King, Vietnam; ‘Glorious Mansion’ by Long For Group Holdings Limited, China; ‘Mount Pavilia’ by New World Development Company Limited, Hong Kong; ‘Scenia.Bay’ by Nam Tien Lao Cai Jsc. Co,, Vietnam; ‘Sunplay The Heights Bangsaray’ by Sunplay Asia Limited, Thailand; ‘stirling Residences’ by LN Development (Stirling) Pte Ltd., Singapore; ‘Taman Anggrek Residences’by Agung Sedayu Group, lndonesia; ‘TheCUVEE’by Chaopraya Mahanakorn Public Company Limited, Thailand; ‘The Smith’ by Triniti Land, Indonesia and The Vales’by Anchorvale Residences Pte Ltd., Singapore.
Speaking at the awards event, Terry Blackburn, Managing Director, Asia Property Awards and Property Report of Property Guru noted that “Today, Asia has the fastest growing economies and most exciting real estate markets in the world, and the majority of award winners are Asian developers selling to Asian buyers and are helping millions achieve the dream of home ownership.” He also expressed the hope that the years the Asia Property Awards have spent promoting Sustainable Development, Green Buildings and Corporate Social Responsibility, have in some small way, contributed to the conversation on what the best Asia should look like in the future.
The region’s biggest and most prestigious real estate awards series, the PropertyGuru Asia Property Awards are recognised as the ultimate hallmark of industry excellence in the Asian property sector. Headquartered in Singapore, the PropertyGuru Group is Asia’s foremost online property company and has been voted ‘Asia’s Most lnfluential Brand for Online Property Search’by consumers. PropertyGuru helps over 16 million people find their dream home every month.
At the 2018 PropertyGuru Asia Property Awards in Colombo, a precursor to the Grand Finale in Bangkok, Altair took the major honours winning the Overall Award for ‘Best Condominium Development’and the awards for ‘Best Luxury Condo Development (Colombo)’and ‘Best Luxury Condo Architectural Design (Colombo)’while its only Sri Lankan Director Mr Pradeep Moraes was named ‘Real Estate Personality of the Year.’
Sri Lanka’s most distinctive and instantly recognised high-rise, Altair is a one-of-its-kind development in South Asia in terms of architectural design, structural engineering, and living experience. With structural construction completed and 70 per cent of its apartments sold, Altair is scheduled to commence the handing over of apartments to buyers in March 2019.
The building comprises of two tower blocks, a 63-storey sloping tower which leans in to a taller, 68- storey vertical tower. Acknowledged as a new paradigm in contemporary living in Sri Lanka, the Altair building has already brought a new dimension in aesthetics to Colombo’s skyline and offers its 400 apartments spectacular views of the Beira Lake, the Indian Ocean and the city of Colombo. The development’s 1.5 million square feet of high-end eco-friendly living space is supported by 40,000 square feet of up-market retail space.
July 10, 2018
The PropertyGuru Asia Property Awards (Sri Lanka) competition, which is being held for the very first time in Colombo on 12 July 2018, has chosen its first-ever Sri Lanka Real Estate Personality of the Year.
Pradeep Moraes, director at Indocean Developers – the company behind the twin tower Altair, designed by celebrated architect Moshe Safdie – has been selected to receive the prestigious honour by the editors of PropertyGuru Property Report magazine.
“We are recognising Pradeep Moraes’s contributions to raise standards in the local real estate sector as well as his work as chairman of the Condominium Developers Association of Sri Lanka,” the magazine said.
The career of Moraes spans more than four decades and covers a wide range of industries, including fast-moving consumer goods (FMCG), aviation, advertising, automobiles, industrial marketing, communications and broadcasting, security, and property development.
After 10 years heading the sales and marketing division of John Keells Development, Moraes joined Indocean Developers (Pvt) Ltd as president of sales and marketing in 2013 and was appointed to the board as its sole Sri Lankan director two years later.
One of the biggest and most ambitious projects of his career is Altair, which has been conceptualised to be one of the tallest residential towers in Sri Lanka. The project is up for Best Luxury Condo Development (Colombo) and Best Luxury Condo Architectural Design at the 2018 PropertyGuru Asia Property Awards (Sri Lanka) competition.
Bringing Colombo to the forefront of global architectural excellence
“Euphoric is the best description of how I feel at being chosen as the first Sri Lankan to be bestowed with this award, more so in light of the exalted company of previous winners from the region,” Moraes said of his selection.
“I would like to dedicate this award to the promoters of Altair for giving me the opportunity and the exposure, and for bringing Colombo to the forefront of global architectural excellence with the iconic edifice that is Altair.”
Moraes believes that Sri Lankan real estate has witnessed “vibrant and sustainable growth,” propelled by consistent capital appreciation and rental yields, changing lifestyles of consumers, and confidence shown by foreign investors.
“I would go a step further and also dedicate my award to all the foreign developers, who, with their investments, declared and demonstrated their faith in Sri Lanka’s real estate industry,” he said.
Among elite company
The award puts Pradeep Moraes among the top leaders of the global real estate industry.
Previous winners of this elite award for the Asia Pacific region include former Philippine senate president Manny Villar of Vista Land Group, Thailand’s richest woman Supaluck Umpujh of The Mall Group, American-born Thai magnate William “Bill” E. Heinecke of Minor Hotels, British-Asian billionaire Gulu Lalvani, formerly of Royal Phuket Marina, Indonesian tycoon Candra Ciputra of PT Ciputra Development Tbk, Malaysian entrepreneur Dato’ Seri Abd Wahab Maskan of Sime Darby Property, Myanmar’s top businessman Serge Pun of SPA Group of Companies, Cambodian tycoon Rithy Sear of Worldbridge Cambodia, and Hong Kong’s Dr Allan Zeman, father of Lan Kwai Fong.
Using CSR to promote interracial and inter-religious amity
In addition to Moraes’s work at Altair, he has also pushed to promote corporate social responsibility (CSR) in the country.
Among Altair’s ongoing CSR projects include supporting Gangarama Temple initiatives and providing daily meals for the last four years now to 150 religious inmates and staff of the Little Sisters of the Poor (a home for the aged run by Catholic nuns catering to inmates of any religion). Altair also spearheaded the erection of a Hindu shrine in the heart of Colombo, on land belonging to a Buddhist temple, for interracial and inter-religious amity.
The Sri Lanka Real Estate Personality of the Year award will be presented by PropertyGuru’s chief operating officer Jeremy Williams during an exclusive, black-tie gala dinner on 12 July 2018 at the Shangri-La Hotel, Colombo ballroom. Sri Lanka’s Megapolis and Western Development Minister Champika Ranawaka has been confirmed to deliver the keynote address.
More than a dozen companies have been shortlisted for the industry’s highest honours to celebrate excellence in the vibrant Sri Lankan real estate sector. Around 300 guests and select members of the press are attending the historic ceremony.