Northern Malaysia’s leading property developer, Ideal Property Group, has secured the prestigious gold award at the FIABCI World Prix D’Excellence Awards 2025 for its innovative Greek-inspired affordable housing development- I-Santorini, establishing the company as an internationally recognized leader in quality housing development.

Prestigious International Recognition

The FIABCI World Prix D’Excellence Awards represents one of the most distinguished accolades in the global real estate industry, organized by the International Real Estate Federation (FIABCI) with 71 years of established credibility and membership spanning 60 countries. The award’s rigorous evaluation process requires participants from Malaysia to first achieve success at the Malaysia’s chapter before advancing to international competition.

The judging panel, comprising top real estate professionals and experts worldwide, evaluates developments based on comprehensive merits including innovation, sustainability, and overall excellence. This holistic assessment makes the recognition particularly meaningful for developments demonstrating exceptional quality across multiple criteria.

I-Santorini successfully competed against international developments, achieving world-class standards and compete effectively on the global stage.

This international recognition validates Ideal Property Group’s methodology to redefine affordable housing and gained global recognition. Ideal Property Group’s success in balancing cultural design elements with practical living needs and sustainability illustrates sophisticated understanding of both local market requirements and international quality standards.

Award-Winning Project Excellence

Ideal Property Group’s innovative approach through its Greek Santorini-inspired design is exemplified in the gold award-winning development, with the calm ambiance of Greek islands being successfully recreated within Penang’s urban setting, featuring characteristic blue domes, poolside cabanas, and a tranquil Mediterranean landscaping.
Ideal Property Group’s mission has been recognized internationally in creating sustainable living environments while pioneering new benchmarks through creative and value-added features that maintain high appreciation values.

Despite being classified as affordable housing, I-Santorini offers residents scenic sea views and high quality leisure facilities typically associated with premium developments. This winning development is a testament to the company’s mission in delivering exceptional value without compromising on workmanship and lifestyle quality.

The project’s strategic location within a sought-after Penang neighborhood provides access to 14 educational institutions including local and international schools, while medical centers, hospitals, financial institutions, parks and shopping amenities including a marina mall and giant hypermarket are conveniently accessible.

Consistent Excellence and Expanding Portfolio

Ideal Property Group currently manages eight ongoing projects encompassing high-rise residential, luxury seafront developments, office towers, and industrial parks, reflecting continued growth and diversification strategy. Three major developments, including two affordable housing projects and one office tower, are targeted for completion in the third and fourth quarter this year.

Last year, Ideal Property Group was announced as the world gold winner with its luxury seafront residential development, Queens Residences Q2@Queens Waterfront Penang in the same award. These consecutive awards confirm that Ideal Property Group’s expertise meets international standards while successfully serving diverse market segments, highlighting the company’s significant contribution to elevating overall property development standards and raising the quality benchmark of Malaysia’s property development sector.

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