A press conference announced the Vietnam Property Awards 2018 (Photo: batdongsan/com.vn)

The annual awards are co-hosted by the Vietnam Real Estate Association, Management Agency for Housing and Real Estate Market and VTV24 News Centre. Organizers said the awards aim to encourage individuals, organizations and projects to improve their competitiveness and help build a more sustainable and healthier real estate market. Truong Anh Tu, Director of Phuc Khang Real Estate Joint Stock Company, which won the prestigious property developer award, said: “State management agencies’ organization of the awards shows that the State supports the trend of improving Vietnamese people’s quality of life. This motivates businesses to create better real estate products for society.”

The awards are divided into 8 categories, including prestigious real estate developer, largest urban area, best resort development, best office building for rent and shopping mall, best residential area, best green building, best real estate transaction floor, and best social housing project.