Pueblo de Oro Development Corporation (PDO), the property development arm of the ICCP Group, recently bagged two gold awards in the Property and Real Estate Excellence Awards organized and presented by FIABCI (Federation Internationale des Administrateurs de Bien-Conselis Immobiliers) on December 9, 2021.
Eduardo del Rosario, Secretary of the Department of Human Settlements and Urban Development, graced the event and led the industry achievers who were conferred the titles of Diplomate and Fellow in Real Estate.
FIABCI, or The International Real Estate Federation, is a business networking organization for real estate professionals worldwide.
According to the Philippine chapter of the International Real Estate Federation (FIABCI), which organizes the event, real estate projects nominated to the competition underwent a stringent evaluation by experts of various disciplines.
The 16 categories are high-rise, mid-rise and low-rise residential, environmental (rehabilitation/conservation), heritage (restoration), master plan, hotel, convention, industrial, office, public infrastructure/amenities, resort, retail, rural, specialized, and sustainable development.
Supporting the awards are FIABCI-World’s membership of 48 national and multinational chapters, 90 professional associations, 95 public and private academic institutions, over 2,300 regular members, and around a million associate members in more than 70 countries across the globe.
Dr. Reghis M. Romero II, president of the Philippine chapter of the International Real Estate Federation (FIABCI), and chairman of the board of judges for 2021, said the judging was made tough by the criteria essentially adopted by FIABCI-Ph from FIABCI-World’s Prix d’Excellence, acclaimed as the “Oscars” of the global real estate industry.
Targeting the Prix d’Excellence
“The judging basically entails assessment of excellence in all of the disciplines involved in the project, from conceptualization and planning all the way to completion and sale – thus encompassing both natural and social sciences, or from the various facets of engineering, material science and architecture to arts and humanities, economics, finance and marketing,” Dr. Romero II explained.
He also cited the need for adopting FIABCI-World’s judging criteria as strategic so as to enhance the chances of the would-be awardees to also win global distinctions in Prix d’Excellence.
“Since the winners of our Property and Real Estate Excellence Awards automatically become eligible for participation in the Prix d’Excellence, we have to make sure that they will also pass its criteria with flying colors,” Dr. Romero II stressed.
“Thus, our board of judges comprises prominent personalities who are icons in their respective fields,” he added.
Besides Mr. Romero, the board of judges included vice president for corporate sales Anthony Maglunsod of the Pag-IBIG Fund; president Winston Conrado Padojinog of the University of Asia and the Pacific; Eduardo Ong of the Philippine Federation of Real Estate Service Professionals and past chairman of the Professional Regulatory Board of Real Estate Service; author and professor Ar. Manuel Maximo LC Noche of the University of Santo Tomas College of Architecture; chief executive officer David Leechiu of Leechiu Property Consultants Inc. and trustee at the IT & Business Process Association of the Philippines; FIABCI-Ph trustee and president Emmanuel V. Rausa of E.V. Rausa Realty; president Yu Kee Su of the FIABCI International Finance and Prix d’Excellence committees; and president Budiarsa Sastrawinata of FIABCI-Indonesia and chairman and CEO of the Ciputra Group of Companies.
The need for international judges like Yu Kee Su and Budiarsa Sastrawinata is imperative to ensure, not only objectivity, but also accurate and comprehensive adherence to the Prix d’Excellence criteria.
Supporting them was the FIABCI-Ph Technical Committee headed by chairman Nestor Mangio and chairman emeritus Florentino Dulalia Jr.
Constituting the Technical Committee were FIABCI-Ph secretary-general Jexter Dulalia; vice president for Visayas Oscar Labrador; vice president for Mindanao Rodrigo Mallonga; trustees John Lizares, Cris Garrido, and Emmanuel Rausa; and Manuel Maximo LC Noche, Alpher E. De Vera, and Carlos Romelle M. Hernandez.
Next: The Oscars of Real Estate
The gold winners are eligible to compete in June 2022 at the FIABCI International Prix d’Excellence Awards, which is globally regarded as the “Oscars of Real Estate” and whose criteria involve excellence in architecture and design, development and construction, community benefits, environmental impact, and financial and marketing success.
The gold winners received a total average score of more than 95 percent, while the silver winners got scores of 90 to 95 percent. All 38 nominated projects were inspected and rated on-site by members of the FIABCI-Ph technical committee before getting evaluated by members of the board of judges.