Receiving the highest honor for Best Developer was Cebu Landmasters, Inc. who hit higher than other established giants in the industry. Chaired by Jose R. Soberano III, the company reported increased earnings of 23 percent earlier this year, as it focuses on mid- to high-end properties.
“Cebu Landmasters projects capture the imagination magnificently, winning Best High End Condo Development (Cebu) for New-York-inspired 38 Park Avenue, whilst the wellbeing of residents’ lifestyles extends out to the community attracting a Special Recognition in Corporate Social Responsibility (CSR) award for an emerging, world-class developer,” said the independent panel of judges.
Manila-based Torre Lorenzo Development Corporation, the team behind two new Dusit-branded properties in Davao, won a grand slam of four trophies, including the award for Best Boutique Developer, further boosting its regional profile amongst real estate investors. Torre Lorenzo’s Dusit Thani Residence Davao is the first Best Housing Development (Philippines) winner to be located in Mindanao.
The main highlight of the black-tie ceremony was the presentation of the 2019 Philippines Real Estate Personality of the Year award to the biggest name in Philippine real estate and business sectors: the late Henry Sy Sr, and the entire Sy Family of SM Investments Corporation, who are celebrating the 25th anniversary as a publicly listed company on the Philippine Stock Exchange.
The prestigious ‘Real Estate Personality of the Year’ title is traditionally given to an individual by the editors of PropertyGuru Property Report magazine, but the team made an exception this year to recognisze the Sy Family and their immense and invaluable contributions and legacy not only in the Philippines but across Asia.
The achievements of Henry Sy Sr and his family include building a small shoe store business, which became “ShoeMart” or “SM”, leading to the establishment of more than 70 SM Supermalls in the region. The SM Group today includes 2015 Best Developer winner SM Prime Holdings, SM Development Corporation, resorts, offices, banking, and other businesses. Sy passed away in January 2019 at 94 years old as the richest man in Southeast Asia.
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