Each year the property awards in Thailand gathers all the major players in the field of property developments and infrastructure development. Attending is the who’s who of the Thai property sector. Siam Legal attends each year. 2008 was what many had considered a bad year globally for the property, however, judging from the 2009 attendance lists and the number of nominations one is left to wonder where the recession is. The property awards is a good judge of what one might expect in the Thai property market for the year ahead.
In 2008, a selection of anonymous judges from around the country used a scoring system whereby the highest five scorers made the short-list. This year a team of independent judges will produce the short-lists through a consultative process and the panel will be announced publicly.
“It is a significant change this year. We’ve had feedback that people would like to know who the judges are. So this year we will announce the judging panel. We are recruiting the panel now and are being selective to ensure fair representation and no bias. The panel will cumulatively have nationwide knowledge, be both experienced on the Thai real estate industry and in general business, and a number of nationalities will be represented,”
Those short-listed in the development categories will then be contacted and visited by local judging teams in Bangkok, Eastern Seaboard, Phuket, Samui, and Hua Hin, respectively. Following the site visits, the local teams will select the winners.
Following their success in 2008 and involvement in the awards since the beginning in 2006, BDO Richfield Advisory Limited have again been engaged by the organizers to oversee the nomination, entry and judging process, and to ensure all is transparent and fair. BDO Richfield Advisory Limited and the organizers of the awards are not involved in judging the awards