As the real estate industry rebounds from the challenges of the past year, the Asian property market shines with remarkable opportunities. Across the region, vibrant destinations are poised to capture the attention of investors and property seekers, alike.
Across the region, vibrant destinations are poised to capture the attention of investors and property seekers, alike.
Industry leaders and judges of the PropertyGuru Asia Property Awards share their perspectives on key markets and their excitement for the coming events:
Greater Niseko:
“Niseko is Asia’s leading alpine real estate market and on the cusp of even greater things with a pipeline of international hotel brands, such as Six Senses and Capella, adding traction to the branded residences sector. We are optimistic of a significant market uplift this year based on very strong fundamentals,” expresses Bill Barnett, the esteemed Founder and Managing Director of C9 Hotelworks and a respected judge of the PropertyGuru Asia Property Awards (Greater Niseko).
Eddie Guillemette, CEO of Midori no Ki (MnK) and Chairperson of PropertyGuru Asia Property Awards (Greater Niseko), shares Barnett’s optimism, “I’m delighted to announce the resumption of the search for outstanding developments, companies, and design practices in Greater Niseko through the PropertyGuru Asia Property Awards, in collaboration with an esteemed panel of independent judges. With the revitalization of Japan’s tourism sector and its close association with the real estate industry, we hold a positive outlook for the Greater Niseko property market this year.”
Australia
Lui Violanti, Chairperson of PropertyGuru Asia Property Awards (Australia) and Regional Manager of Inhabit Group, proudly opens the 2023 edition of the awards in Australia. “We challenge Australia’s finest developers and design practices to showcase their latest and greatest achievements to the rest of Asia Pacific, as property seekers across the region eagerly search once more for the country’s best homes, aged-care environments, student accommodations, commercial spaces, mixed-use sites, and investment assets. The sixth edition of the Awards in Australia are truly something to look forward to this year.”
“The Awards in Australia have grown to be much more comprehensive in the post-pandemic era, expanding to cover more states and a wider range of developers. This reflects the needs of an increasingly diverse pool of domestic and international property seekers, including upgraders, seniors, international students, and foreign investors. This year, we plan to celebrate the diversity and success of the Australian market in new, even more exciting ways,” adds Jules Kay, GM, PropertyGuru Asia Property Awards & Events.
Philippines
Cyndy Tan Jarabata, President of TAJARA Leisure & Hospitality Group Inc. and Chairperson of PropertyGuru Philippines Property Awards highlights, “Over the years, the PropertyGuru Philippines Property Awards have evolved to become a healthier, more decentralized competition that spread wins not only among large conglomerates and big developers in Mega Manila but also boutique developers and companies based in the provinces, including those in Cebu and Davao. Many of them have risen to the occasion and won the top awards, performing even better than major developers in the capital. The Awards have truly leveled the playing field and allowed outstanding developers to shine from anywhere in the archipelago.”
Richard Raymundo, Managing Director, Colliers Philippines and an esteemed judge of the PropertyGuru Philippines Property Awards, shares some valuable insight, “This economic expansion should support positive net take-up of office space in 2023 and continued rebound in Metro Manila’s pre-selling and secondary residential markets. An aggressive stance taken by the national government in attracting manufacturing investments should result in greater absorption of industrial space across the country. The personal consumption-led economic growth should also spur retail and hotel demand.”
Cambodia
Sorn Seap, President of Cambodian Valuers and Estate Agents Association (CVEA) and Chairperson of PropertyGuru Cambodia Property Awards, shares how the PropertyGuru Cambodia Property Awards has been a significant contributor to the country’s real estate sector, “Through this international platform, more and more projects are becoming competitive in terms of architectural design, construction quality, and technology. Winning awards from the PropertyGuru Cambodia Property Awards will increase developers’ reputation and buyer confidence, provide them more credibility, and give them the chance to showcase their accomplishments and innovations not only in Cambodia but also to the rest of Southeast Asia.”
According to Seap, “The market is now heavily dependent on local demand; so, matching the development of new projects to the needs of local buyers is a wise decision. Not only is there a strong residential demand by local buyers, but they also prefer owning homes in boreys (gated housing communities), since they still desire landed property with gardens, easy parking lots, and high privacy.”
Amidst the diverse and thriving real estate markets in Asia, the PropertyGuru Asia Property Awards illuminate remarkable achievements and set the stage for continued growth. From the dynamic landscapes of alpine allure to bustling metropolitan hubs, these awards celebrate excellence, innovation, and the shared vision of the region’s real estate industry.
