Kuala Lumpur, October 1: The real estate industry’s crème of the crop were recognised for their outstanding achievements and success in 2015 at the nation’s most coveted award ceremony presented by the Malaysian Institute of Estate Agents (MIEA).
The 2016 National Real Estate Awards Gala Dinner held at the Sime Darby Convention Centre was graced by Guest of Honour YB. Datuk Johari Abdul Ghani, Finance Minister II, and was attended by 800 guests. Also present at the Gala was President of the Board of Valuers, Appraisers and Estate Agents (BOVAEA) Datuk Faizan bin Abdul Rahman.
The MIEA National Real Estate Awards (NREA) is presented annually to Real Estate Agents (REA), Real Estate Firms and Real Estate Negotiators (REN), who have been handpicked by independent judges based on real estate standards.
Held for the 8th year since its debut in 2009, the awards saw the categories increase from 10 to 19 this year, marking the formidable growth of the real estate industry.
Over 20 winners were selected from 31 submissions for all 19 categories that have set a higher benchmark for future applicants and winners alike.
One of the more notable awards was the Million Dollar Roof Top award, presented to Estate Agents who have in their personal capacity collected a minimum of RM 1 million in professional fees in 2015. Three recipients shared the award this year which is a recognition for their diligence in the challenging property market.
Apart from that, the Lifetime Achievement Award was also presented to Lim Eng Chong from Henry Butcher Malaysia Sdn Bhd for his significant contribution to the growth and development of the Real Estate Agency industry over the years. This award is not only a recognition but also serves as an inspiration to the newer admissions in the real estate field.
Eric Lim, Organizing Chairman of the National Real Estate Awards Committee said Malaysia’s healthy economy and key real estate developments have opened up new markets for the industry that have also become a reason for improved service and standards.
“As we stamp our mark internationally, our standards and quality of service have improved to meet the demands of these new clients,” he stressed.
Lim also said the industry accolades carry much significance, with past winners enjoying greater recognition and business growth.
“These awards have resulted in higher participation rates every year. Yet, as we fete the accomplished winners this year, we also recognise every contribution each of you has made towards the advancement of our industry,” he added.
The National Council of Management also decided to award MIEA’s highest recognition to an individual with outstanding contribution to the Real Estate fraternity to the Board President Datuk Sr Faizan Bin Abdul Rahman.
“It is our pleasure to have Datuk Sr Faizan as an Honorary Member of the Institution. This award has only been given to 10 Recipients to date in its 40 year history,” said MIEA president, Erick YT Kho.
Kho also urged the real estate agents to continue their hard work and efforts judging by the number of firms that have been fairing reasonably well despite the volatile market.
“The sales volume did go down but manageable was the common response. The underlying sentiments remain strong which lead us to conclude that market conditions is cyclical but investment in property is always a long haul profitability,” he stressed.
* Image Caption: Group shot of MIEA National Real Estate Award Recipients 2016 which was held at Sime Darby Convention Centre on 1st of October 2016.