Winners of the 2030 Award for Sustinable Architecture by UIA, plus other stories

For PropertyGuru’s news roundup, the International Union of Architects (UIA), in partnership with UN-Habitat, announced the winners of the UIA 2030 Award for Sustainable Architecture. In other stories, buying an under-construction property in Malaysia, otherwise known as a new launch property, means that the development will have a Payment Schedule. Lastly, here’s a look at how India’s Goods and Services Tax (GST) system impacts rental income from commercial property.

UIA announces winners of the 2030 Award for Sustainable Architecture

The International Union of Architects (UIA), in partnership with UN-Habitat, has just announced the winners of the second cycle of the UIA 2030 Award. This prestigious award recognizes architectural achievements that advance the UN’s 2030 Agenda for Sustainable Development and the New Urban Agenda. Honoring projects that embody sustainable design principles, the UIA 2030 Award celebrates contributions to Sustainable Development Goal 11: “Make cities and human settlements inclusive, safe, resilient, and sustainable.”

After receiving 100 submissions from 33 countries, regional finalists were selected in the first stage, representing the five UIA regions: Western Europe, Central and Eastern Europe and the Middle East, the Americas, Asia and Oceania, and Africa. These finalists moved on to Stage 2, where they submitted three-minute videos showcasing their projects in action and detailing their alignment with the SDGs. The winners in the six categories have been awarded during the World Urban Forum (WUF12), taking place in Cairo, Egypt, from November 4-8, 2024. This biennial competition highlights how architects around the world are advancing sustainable, inclusive urban solutions to address global challenges and shape resilient communities for the future.

ArchDaily presents the two winners of each category, focused on Good health and well-being, Adequate, safe, and affordable housing, Access to green and public space, Adaptation to climate change and resilience to disasters, and Promotion, restoration, and sustainable use of ecosystems.

Progressive payment schedule for a property under construction in Malaysia

Buying an under-construction property in Malaysia, otherwise known as a new launch property, means that the development will have a Payment Schedule.

This is unlike subsale developments, which involve applying for home loans from different banks and property buyers evaluating the properties first. As compared to subsale developments where the payment goes directly to the previous owner, in the case of new developments, the payment goes directly to the developer.

PropertyGuru Malaysia discusses in detail a sample of a Schedule of Payment which lists out each stage and the relevant percentage.

India’s Goods and Services Tax (GST): Its impact on commercial property

The Goods and Services Tax (GST) introduced in India in 2017, marked a new chapter in the tax system in the country, making India a single market from the point of view of levy of taxes. This new tax regime is altering the way taxes are calculated in many industries and various scenarios.

Prior to implementation of GST, commercial properties that were let-out attracted service tax and the same applied to residential properties when used for commercial or business purposes. Service tax was estimated at 15 percent of the rent for such commercial properties.

Housing.com takes a look at how the new tax system impacts rental income from commercial property.

The Property Report editors wrote this article. For more information, email: [email protected].