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Saturday, December 15, 2007

Japanese, Chinese properties clinch it at MIPIM Asia

Property projects based in Japan and China dominated the inaugural MIPIM Asia Awards, designed to honour the most innovative and outstanding buildings in Asia.
Over 100 projects from 15 countries across the Asia Pacific region were originally submitted to the inaugural MIPIM Asia Awards.

In September, the international jury selected three finalists for each of the seven competition categories, and the winners were unveiled at the Hong Kong Convention and Exhibition Centre on Nov 28.

Entries from two countries won in six of the seven categories. Real Estate projects in Japan won in three categories - Business Centres, Mixed Use Buildings and Green Buildings.

China-based entries won the Shopping Centres, Hotels & Tourism Resorts and Futura Projects categories.

The remaining category of Residential Developments went to Singapore.

"The jury was impressed with the large number of high quality submissions from across the region, in all categories," said jury panel president Robert Lie, who is also chairman of ING Real Estate Investment Management Asia (Hong Kong).

"The selection of the nominees and winners was therefore a difficult process. The quality of the final projects is testimony to the high standards in Asian real estate today."

The vibrancy of the real estate industry in the Asia Pacific, Lie said, was reflected in the number of entrants.

Out of the participating countries, China submitted the largest number of projects at 29, followed by Singapore (13), Hong Kong (12), India (eight), the United Arab Emirates (eight), Japan (seven), Australia (six), Thailand (four), South Korea (four) and Vietnam (four).

Other competition entries were received from Macau, Indonesia, the Philippines, the Maldives and Sri Lanka.

MIPIM Asia provides professionals from the industry with a unique insight into the Asia Pacific market, through world-class conferences and a showcase of development projects from the region, as well as enable them to explore new business opportunities and partnerships in the region.

The winners are Osaka Bar Association, Osaka, Japan (Business Centres category); Elements, Hong Kong (Shopping Centres); The Berth by the Cove, Singapore (Residential Developments); Tokyo Midtown Project, Tokyo (Mixed-Use Buildings); Banyan Tree Lijiang, Yunnan Province, China (Hotels and Tourism Resorts:); Research Institute for Humanity & Nature, Kyoto (Green Buildings); and Dongtan Eco-city, Shanghai (Futura Projects).

By New Straits Times

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