Category: Construct

WIKA Reduces Debt by Rp1.47 Trillion, Improves Bond Rating in Q1-2025

The construction industry is under pressure by challenging global economic conditions. This is reflected by new contracts secured by PT Wijaya Karya (Persero) Tbk (WIKA) of only Rp2.16 trillion, which is lower compared to the same period the previous year. However, the Company booked Rp4.84 trillion in sales, comprising Rp3.11 trillion from non-joint operation projects (Proyek Non-Kerjasama Operasi) and Rp1.73 trillion from joint operation projects (Proyek Kerjasama Operasi, “KSO”).

Sales were mainly generated from the building and infrastructure segment, EPC, construction-related industries, and real estate property. The sales achievement enabled WIKA to book a gross profit of Rp393.46 billion, of which Rp231.33 billion came from non-KSO projects and the remainder from KSO projects.

WIKA’s consistent restructuring efforts have successfully reduced debts on its balance sheet to financial institutions and business partners by Rp1.47 trillion in Q1-2025 compared with 2024.

These positive achievements were also followed by proposals that were approved by bondholders, especially for the Wijaya Karya Shelf Registration Bond II Phase II Year 2022. This reflects stakeholders’ support for the Company’s ongoing restructuring plans. As a result of the approval, the credit rating agency, PT Pemeringkat Efek Indonesia (PEFINDO), upgraded WIKA’s Shelf Registration Bond II Phase II Year 2022 Series A rating from idD to idCCC. However, the Company must seek support from sukukholders of the Wijaya Karya Shelf Registration Sukuk Mudharabah II Phase II Year 2022 to approve the proposals presented, which are part of the Company’s restructuring plans.

“The Company expresses its deepest appreciation for the trust and support given by stakeholders. The ongoing restructuring plans are not only focused on improving our financial structure but also on strengthening our fundamentals and operations to attain greater excellence and maintain business sustainability,” said Agung BW, President Director of WIKA.

PT Wijaya Karya (Persero) Tbk. [IDX: WIKA]

Contact: 
Mahendra Vijaya
Sekretaris Perusahaan
Email: mahendra.v@wikamail.id 

WIKA Wins Two Prestigious ESG Awards for Commitment to Sustainability and Social Responsibility

PT WIJAYA KARYA (Persero) Tbk (WIKA) continues to demonstrate its commitment to being a national construction company with business performance excellence as well as sustainability and social responsibility performance. In April 2025, WIKA received two prestigious awards: InvestorTrust’s “Best Corporate Emission Reduction Transparency Award 2025” and The Iconomics’ “7th Indonesia CSR Brand Equity Awards 2025” for the Construction category.

The ”Best Corporate Emission Reduction Transparency Award 2025” was convened at the Sultan Hotel in Jakarta on Tuesday, 29 April 2025. The award was presented to companies that actively contributed towards national and global decarbonization efforts. WIKA was one of 95 selected awardees for its transparency and commitment to reporting and managing carbon emissions. Of the 370 companies nominated, WIKA was selected for having fulfilled the key criteria, including the timely release of the 2023 Sustainability Report, transparent emission declarations, and compliance with environmental governance principles without any serious legal conflicts.

On the same day, WIKA received another award in the “7th Indonesia CSR Brand Equity Awards 2025”, which was presented by The Iconomics dan Axia Research held at the Ministry of Transportation building. The event carried the theme “Developing Brand Companies with Government’s CSR Goals.” It served as a platform to recognize companies that have built strong and effective brand identities through CSR initiatives aligned with national development objectives. WIKA was recognized to have consistently incorporated sustainability values into its business strategy. The Company also demonstrated a strong commitment to implementing social responsibility programs that have a genuine impact on the environment and society.

“We believe a company’s success is determined not only by its financial performance but also by the good impact that it has on society and the environment. These two awards serve as motivation for everyone at WIKA to continue innovating and making meaningful contributions,” said Agung Budi Waskito (BW), President Director of WIKA.

As an important partner in national development, WIKA continues its active role in sustainability through various initiatives, from implementing inclusive and targeted CSR programs to energy efficiency and carbon emission management. WIKA remains committed to developing a responsible business that delivers added value to all stakeholders.

PT Wijaya Karya (Persero) Tbk. [IDX: WIKA]

Contact:
Mahendra Vijaya
Sekretaris Perusahaan
Email: mahendra.v@wikamail.id 

Melbourne’s Deputy Lord Mayor shares city’s path forward at PropertyGuru Asia Property Awards (Australia) launch

The 8th PropertyGuru Asia Property Awards (Australia) has officially launched, opening entries for 2025 across expanded categories that showcase the finest of Australia’s thriving real estate markets, from Melbourne and Sydney to Brisbane and beyond.

This year’s Awards will shine a spotlight on innovative developments in both established hubs and Australia’s fastest-growing “cities of tomorrow.”

From Left to right: Karen Kong, Head of Property Lending, Bendigo Bank; Nathanael Kitingan, AMBC Victoria President & Managing Principal, Macpherson Kelley; Ivan Lam, Executive Director, International Business, Charter Keck Cramer; Kathy Johnson, Managing Director, Yarraport Group; Josh Chye, Partner & Head of Tax Consulting, HLB Mann Judd; Deputy Lord Mayor Roshena Campbell, City of Melbourne;  Jules Kay, General Manager, PropertyGuru Asia Property Awards & Events; and Bill Papastergiadis OAM, Melbourne Managing Partner, Moray & Agnew

The official launch announcement of the PropertyGuru Asia Property Awards (Australia) was held on 9 April at the Melbourne Marriott Hotel during the “Asia Connect: Melbourne” event, with the Deputy Lord Mayor of Melbourne, Roshena Campbell, representing the City of Melbourne. The event was jointly organised by PropertyGuru Group and the Australia Malaysia Business Council (AMBC) in Victoria, with support from HLB Mann Judd and the Malaysian Developers Council of Australia (MDCA).


Deputy Lord Mayor Roshena Campbell, City of Melbourne

The Deputy Lord Mayor’s attendance underscored the role of the PropertyGuru Asia Property Awards in driving innovation, urban revitalisation, and cross-border investment in Australia’s real estate sector.

During her special address at the Asia Connect: Melbourne event, Deputy Lord Mayor Campbell shared the vision for the city’s path forward and strategic focus on long-term development and opportunities for its multicultural communities. She also highlighted the city’s important trade relationship with Asia, as well as the impact of international events such as the PropertyGuru Asia Property Awards that promote Melbourne as a great place to invest, study or live, calling it the “destination of choice.”

Exceptional liveability

Deputy Lord Mayor Campbell said: “Melbourne’s exceptional liveability is a drawcard for both domestic and international investors—with world-class sporting, cultural, and dining experiences, lush parks and gardens, and leading education opportunities, it’s no surprise we’re Australia’s fastest-growing city.”

She added: “The City of Melbourne is backing quality development like never before—and we welcome bold, visionary minds to help shape the future of our city. Melbourne is built on smart design that reflects our unique identity. But great design is more than good looks. Every building can lift our quality of life, attract investment, and deliver better housing. Our Design Excellence Program and Design Review Panel help make that happen.”

The City of Melbourne proudly hosted the last two editions of the PropertyGuru Asia Property Awards (Australia) ceremonies. In 2024, several leading real estate developers in the Australian market earned prestigious accolades, including OSK Property; BHC Property; FY Property, Kooringa Group, MA Financial, CPDM; Golden Sedayu; and Jean Yip Developments.

Asia Connect: Melbourne Panel Discussion


Asia Connect: Brisbane Panel Discussion

Other guests at Asia Connect: Melbourne included Bill Papastergiadis, OAM​, Melbourne managing partner,​ Moray & Agnew​; Karen Kong, head of property lending, Bendigo Bank; and Kathy Johnson, managing director, Yarraport Group.


From Left to right: Kiong Chan, CEO and Principal Trainer, Australian Leadership Skills Centre; Ivan Lam, Executive Director, International Business, Charter Keck Cramer; James Henderson, Managing Partner, Business Advisory, Tax Consulting, Brisbane, HLB Mann Judd; Shona Leppanen-Gibson, President, Australia Malaysia Business Council Qld; Josh Chye, Partner & Head of Tax Consulting , HLB Mann Judd; Jules Kay, General Manager, PropertyGuru Asia Property Awards & Events; Peter Li, General Manager, Plus Agency; and Karl Fu, Partner – Asian Markets, Winning Commercial

Landmark expansion

In a landmark expansion, this year’s Awards programme was also launched at the Asia Connect: Brisbane event co-organised with HLB Mann Judd, the official supervisor. Held on 11 April at HLB’s headquarters in the Brisbane CBD, the presentation featured a panel discussion on the strengthening Brisbane property market. The speakers included Ivan Lam, chairperson of the judges, PropertyGuru Asia Property Awards (Australia), and ​​​​executive director for international business, Charter Keck Cramer; Josh Chye, partner and head of tax at HLB Mann Judd; James Henderson, managing partner for business advisory and tax consulting in Brisbane at HLB Mann Judd; Kiong Chan, CEO and principal trainer, Australian Leadership Skills Centre; and Shona Leppanen-Gibson, president of Australia Malaysia Business Council – Queensland.

Asia Connect: Brisbane speakers highlighted the infrastructure improvements and development happening in Queensland’s capital city as it prepares to host the 2032 Olympic Games. Other notable guests at the event were Tina Field, honorary consul of the Royal Thai Consulate, and Sheryll Gabutero, honorary consul of the Philippines Consulate Brisbane.

The annual black-tie gala dinner and presentation ceremony for the 2025 PropertyGuru Asia Property Awards (Australia) in September will take place in Sydney at the Shangri-La Sydney. Expecting participation from Melbourne, Brisbane, Sydney and Perth, the Awards demonstrate a wider interest from developers across Australia’s key real estate markets.

Key dates for this year’s edition of the PropertyGuru Asia Property Awards (Australia) are:

  • 18 July 2025 – Entries Close
  • 11-20 August 2025 – Site Inspections
  • 22 August 2025 – Final Judging
  • 19 September 2025 – Gala Dinner and Awards Ceremony in Sydney, Australia
  • 12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand

According to Property Report by PropertyGuru, the official magazine of the Awards, the underlying demand for Australian residential real estate remains robust, despite supply constraints in new residential listings. With stabilising interest rates, improving supply chains, and increasing suburban demand, experts remain cautiously optimistic about the long-term prospects of the market.


Jules Kay, General Manager, PropertyGuru Asia Property Awards & Events

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “With Australian real estate commanding global interest, we are thrilled to unveil our 2025 awards to showcase world-class projects to discerning property seekers throughout Asia Pacific. Alongside Melbourne and Sydney, Brisbane is a worthy addition to our event schedule this year, as Australia’s property market continues to diversify with impressive growth beyond traditional urban hubs. We look forward to celebrating the ingenuity and innovation of developers from all key property destinations at our domestic and international galas later this year.”

International stage

The 8th PropertyGuru Asia Property Awards (Australia) are part of the PropertyGuru Asia Property Awards series, organised by PropertyGuru Group, Southeast Asia’s leading property technology company. First established in 2005 in Thailand, the series marks its 20th anniversary in 2025. Over the years, the Awards expanded to include Singapore, the Philippines, Malaysia, Mainland China, Hong Kong, Macau, Japan, Vietnam, Indonesia, Sri Lanka, India, the Middle East, and Australia.

Winners of the Australia awards may qualify to compete at the 20th PropertyGuru Asia Property Awards Grand Final to be held in Bangkok, Thailand in December 2025. At the Grand Final, the best of the best from more than a dozen dynamic property markets in the Asia-Pacific region will compete on the international stage.


Josh Chye, Partner & Head of Tax Consulting, HLB Mann Judd, and Official Supervisor of PropertyGuru Asia Property Awards (Australia)

An esteemed panel of independent judges, comprising experts across various real estate sectors, will inspect and evaluate the entries. The judging process will be supervised by HLB International Real Estate Group, the “2024 Network of the Year,” under Josh Chye of HLB Mann Judd.



Ivan Lam, Executive Director, International Business, Charter Keck Cramer, and Chairperson of PropertyGuru Asia Property Awards (Australia) 

Ivan Lam, chairperson of the judges, PropertyGuru Asia Property Awards (Australia), said: “We proudly launch our awards’ eighth edition amid Australia’s suburban growth, driven by demand for residences beyond city centres—especially from buyers undeterred by market shifts. With new categories this year, we honour developers who have agilely adapted to market shifts, delivering designs and masterplans that meet the needs of diverse property seekers in Australia. With economic stability improving and pressures easing, we are optimistic about long-term investment in Australia’s property market. As more projects rise, we look forward to celebrating innovation and excellence that will define the future of Australian real estate, setting benchmarks for 2025 and beyond.”

The 8th PropertyGuru Asia Property Awards (Australia) are supported by official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; supporting associations Australia Malaysia Business Council (AMBC) and Malaysian Developers Council of Australia (MDCA); and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025. 

For more information, please visit AsiaPropertyAwards.com.

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

(1) Based on SimilarWeb data between January 2024 and June 2024.
(2) Based on Google Analytics data between January 2024 and June 2024.
(3) Based on data between April 2024 and June 2024
(4) Based on data between January 2024 and June 2024.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com  

Media & Partnerships:
Nate Dacua, Senior Manager, Media and Marketing Services
M: +66 92 701 2510
E: nate@propertyguru.com

Sales & Nominations:
Watcharaphon Chaisuk (Jeff), Solutions Manager
M: +66 95 797 0595
E: jeff@propertyguru.com

Sales & Nominations:
Monika Singh, Solutions Manager
M: +66 87 677 4812
E: monika@propertyguru.com

The 15th PropertyGuru Asia Property Awards (Singapore) present new categories amid resilient consumer sentiment

The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries. To commemorate the milestone, the awards programme has been revitalised with the addition of new competitive categories as well as a new venue for 2025.

The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries, with submissions accepted until 5 September.

The latest search for Singapore’s finest real estate unfolds against a backdrop of market resilience and stability. Strong property demand persists despite ongoing challenges faced by property seekers, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.

The black-tie gala dinner and awards ceremony will be held for the first time at Andaz Singapore. Key dates for the 2025 edition are:

  • 5 September 2025 – Entries Close
  • 22-26 September 2025 – Site Inspections
  • 29 September 2025 – Final Judging
  • 31 October 2025 – Gala Dinner and Awards Ceremony in Singapore
  • 12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand 

The 15th PropertyGuru Asia Property Awards (Singapore) programme is part of the broader PropertyGuru Asia Property Awards series, organised by PropertyGuru Group, Southeast Asia’s leading property technology company.

Stable sentiment

Singapore’s real estate market continues to exhibit resilience, with one in two consumers intending to buy a property within the next five years, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.

The Sentiment Index—which measures current real estate satisfaction and overall climate, housing affordability, interest rates, perceived government efforts, and property prices—remained stable at 43 points. This represents a slight decrease from the H1 2024 report, which recorded 44 points.

This year’s awards mark the debut of several new categories, including Best Renovated Commercial Development; Best Renovated Residential Development; and Best Sustainable Development.


Jules Kay, general manager of PropertyGuru Asia Property Awards and Events

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are proud to launch the 15th edition of our Awards series in Singapore, presenting well established and new accolades that underline its reputation as one of the greenest and most forward-thinking real estate markets in Asia Pacific. Our 2025 awards aim to recognise an even richer range of options for nature-inspired living and urban comforts in Singapore, illustrating a vision of what tomorrow’s cities can achieve. We are optimistic that demand for quality will stay resilient despite market challenges as we honour more projects that benefit Singapore’s diverse communities and safeguard its environment.”


Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), with 2024 Best Developer, UOL Group Limited

Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), said: “At the 2025 PropertyGuru Asia Property Awards (Singapore), developers have the opportunity to present their achievements on a distinguished platform, showcasing them to the industry at large. Continuously adapting with the times, the awards honour companies and projects that excel not only in raising design and development standards but also in advancing sustainability, lifting communities, and improving the urban fabric of Singapore.”

Thorsteins leads an independent panel of judges, comprising experts across various segments of the Singapore real estate industry. As the official supervisor, HLB Singapore Foo Kon Tan, part of “2024 Network of the Year” winner HLB International, will maintain the fairness, transparency, and credibility of the selection process.


Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December. 

Historic edition

Established in 2005, the PropertyGuru Asia Property Awards series celebrates its historic 20th edition this year. The series has expanded over the decades to include markets such as the Middle East, Mainland China, Hong Kong, Macau, Japan, Australia, India, Sri Lanka, Cambodia, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Singapore.

Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December.

At the 2024 Grand Final, eight Best in Asia titles were presented to outstanding companies from Singapore: UOL Group Limited and Singapore Land Group Limited, Pan Pacific Hotels Group, GuocoLand and Hong Leong Holdings Limited, TID Pte. Ltd., and FRX Capital Private Limited.

Organised by PropertyGuru Group, the 15th Annual PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners D+A Magazine, SquareRooms, and Tatler Asia Homes; and official supervisor HLB.                  

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025. 

For more information, please visit AsiaPropertyAwards.com.

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

(1) Based on SimilarWeb data between January 2024 and June 2024.
(2) Based on Google Analytics data between January 2024 and June 2024.
(3) Based on data between April 2024 and June 2024.
(4) Based on data between January 2024 and June 2024.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com   

Media & Partnerships:
Nate Dacua, Senior Manager, Media and Marketing Services
M: +66 92 701 2510
E: nate@propertyguru.com

Sales & Nominations:
Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg 

The 15th PropertyGuru Asia Property Awards (Singapore) present new categories amid resilient consumer sentiment

The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries. To commemorate the milestone, the awards programme has been revitalised with the addition of new competitive categories as well as a new venue for 2025.

The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries, with submissions accepted until 5 September.

The latest search for Singapore’s finest real estate unfolds against a backdrop of market resilience and stability. Strong property demand persists despite ongoing challenges faced by property seekers, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.

The black-tie gala dinner and awards ceremony will be held for the first time at Andaz Singapore. Key dates for the 2025 edition are:

  • 5 September 2025 – Entries Close
  • 22-26 September 2025 – Site Inspections
  • 29 September 2025 – Final Judging
  • 31 October 2025 – Gala Dinner and Awards Ceremony in Singapore
  • 12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand 

The 15th PropertyGuru Asia Property Awards (Singapore) programme is part of the broader PropertyGuru Asia Property Awards series, organised by PropertyGuru Group, Southeast Asia’s leading property technology company.

Stable sentiment

Singapore’s real estate market continues to exhibit resilience, with one in two consumers intending to buy a property within the next five years, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.

The Sentiment Index—which measures current real estate satisfaction and overall climate, housing affordability, interest rates, perceived government efforts, and property prices—remained stable at 43 points. This represents a slight decrease from the H1 2024 report, which recorded 44 points.

This year’s awards mark the debut of several new categories, including Best Renovated Commercial Development; Best Renovated Residential Development; and Best Sustainable Development.


Jules Kay, general manager of PropertyGuru Asia Property Awards and Events

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are proud to launch the 15th edition of our Awards series in Singapore, presenting well established and new accolades that underline its reputation as one of the greenest and most forward-thinking real estate markets in Asia Pacific. Our 2025 awards aim to recognise an even richer range of options for nature-inspired living and urban comforts in Singapore, illustrating a vision of what tomorrow’s cities can achieve. We are optimistic that demand for quality will stay resilient despite market challenges as we honour more projects that benefit Singapore’s diverse communities and safeguard its environment.”


Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), with 2024 Best Developer, UOL Group Limited

Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), said: “At the 2025 PropertyGuru Asia Property Awards (Singapore), developers have the opportunity to present their achievements on a distinguished platform, showcasing them to the industry at large. Continuously adapting with the times, the awards honour companies and projects that excel not only in raising design and development standards but also in advancing sustainability, lifting communities, and improving the urban fabric of Singapore.”

Thorsteins leads an independent panel of judges, comprising experts across various segments of the Singapore real estate industry. As the official supervisor, HLB Singapore Foo Kon Tan, part of “2024 Network of the Year” winner HLB International, will maintain the fairness, transparency, and credibility of the selection process.


Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December. 

Historic edition

Established in 2005, the PropertyGuru Asia Property Awards series celebrates its historic 20th edition this year. The series has expanded over the decades to include markets such as the Middle East, Mainland China, Hong Kong, Macau, Japan, Australia, India, Sri Lanka, Cambodia, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Singapore.

Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December.

At the 2024 Grand Final, eight Best in Asia titles were presented to outstanding companies from Singapore: UOL Group Limited and Singapore Land Group Limited, Pan Pacific Hotels Group, GuocoLand and Hong Leong Holdings Limited, TID Pte. Ltd., and FRX Capital Private Limited.

Organised by PropertyGuru Group, the 15th Annual PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners D+A Magazine, SquareRooms, and Tatler Asia Homes; and official supervisor HLB.                  

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025. 

For more information, please visit AsiaPropertyAwards.com.

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

(1) Based on SimilarWeb data between January 2024 and June 2024.
(2) Based on Google Analytics data between January 2024 and June 2024.
(3) Based on data between April 2024 and June 2024.
(4) Based on data between January 2024 and June 2024.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com   

Media & Partnerships:
Nate Dacua, Senior Manager, Media and Marketing Services
M: +66 92 701 2510
E: nate@propertyguru.com

Sales & Nominations:
Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg 

Probowangi Toll Road Package 3 Reaches 74.9% Completion, WIKA Supports Logistics Efficiency and National Connectivity

PT Wijaya Karya (Persero) Tbk (WIKA) continues to support infrastructure development to connect regions across Indonesia, one of which is the Probolinggo-Banyuwangi (Probowangi) Toll Road Package 3, currently being undertaken by the Company. The project is at 74.9% completion and expected to be completed in 2025.

The Probowangi Toll Road is constructed to create better access between Probolinggo and Banyuwangi, which are now only connected by provincial roads. This toll road is expected to reduce traffic congestion on provincial roads, cut logistics costs, and improve economic competitiveness of Probolinggo, Banyuwangi, and surrounding areas. Travel time is projected to decrease by 30% to 50%, leading to more efficient fuel consumption. Overall, the toll road is expected to lower logistics costs by 10% to 20%.

WIKA has implemented the latest technology in this project, including Building Information Modelling (BIM) to enhance planning and design efficiency. Additionally, WIKA utilises geotechnical technology, employing 3D mapping and drones for more accurate land surveys. The Company also collaborates with local governments and communities to support regional economic growth by employing local workers and subcontractors.

As part of its strong commitment to Environmental, Social, and Governance (ESG), the Company also considers social and environmental impacts during the construction process. WIKA built village facilities, planted trees, and managed flood prevention works in areas around the construction site under its Program Tanggung Jawab Sosial (TJSL) or Corporate Social Responsibility Programme.

WIKA remains committed to provide high-quality infrastructure to reduce logistics costs and improve interregional connectivity in Indonesia. As a leading EPCC company, WIKA is dedicated to offer innovative, environmentally friendly solutions with positive social impact.

“Probowangi Toll Road project is one of our commitments to supporting the government’s Asta Cita mission. This infrastructure development enhances logistics efficiency, strengthens interregional connectivity, and supports the national economy. WIKA is confident in its ability to make a positive contribution to Indonesia’s economic growth and facilitate sustainable and efficient transportation,” said Agung Budi Waskito (BW), WIKA’s President Director.

PT Wijaya Karya (Persero) Tbk. [IDX: WIKA]

Contact:
Mahendra Vijaya
Sekretaris Perusahaan
Email: mahendra.v@wikamail.id 

WEGE & DEX Launch Netro: Indonesia’s Groundbreaking Net-Zero Smart Modular Home Concept

PT Wijaya Karya Bangunan Gedung Tbk (WEGE) a subsidiary of PT Wijaya Karya (Persero) Tbk (WIKA), in collaboration with PT Dex Solusi Transit (DEX) presents Netro, Indonesia’s first innovative smart modular home with Smart Net-Zero and Growing-modular concept. The Netro launch was part of WIKA’s 65th anniversary ceremony. The launch ceremony was held on the 17th floor of WIKA Tower 2, marked by screening of Netro’s video profile on Tuesday (11/03).

Prototypes of Netro version 1.0 model homes are displayed on WIKA Realty’s plot located in Pulo Mas Jaya. The model homes are featured in various floor sizes: the smallest at 33m2, followed by type 49m2, 93m2, and the largest at 129m2. These prototypes demonstrate WEGE and DEX’s commitment to provide a smart, industrial-based green housing model.

Netro is designed to meet demand for sustainable housing that operates efficiently, conserves energy, and reduces carbon emissions using its intelligent smart system. It meets the Greenship Net-Zero rating requirements set by the Green Building Council Indonesia (GBCI).

Netro is a modular home system that allows systematic expansion, which allows wider market reach and enhances affordability. It also provides homeowners with flexible housing options that align with improvements in living standards, enabling them to expand their living space as needed. With its qualities, Netro raises awareness on the importance of sustainable development by introducing smart modular homes.

WIKA’s President Director Agung BW stated during the launch event that “Netro was created based on awareness of climate change and is aligned with WEGE’s commitment to developing modular homes as a building construction method since 2018. In spite of that, DEX introduces a smart “breathing home” concept by maximizing natural air circulation demanded by Net-Zero principles. The smart home also features IoT (Internet of Things) that automates cost-effective data collection for certification processes. This collaboration produces smart homes that are not only sustainable, but also educates their occupants on energy efficiency through integrated technology.”

The primary features of Netro include passive cooling, natural ventilation, solar panels, water recycling and energy monitoring systems, thermal comfort, and minimum air quality standards – all of which are integrated in the GBCI Greenship Net-zero app. The system allows occupants and GBCI to digitally monitor energy consumption and renewable energy production, which significantly reduces emissions and meets the requirements for Greenship Net-Zero certification.

In line with Agung BW, President Director of WEGE Hadian Pramudita said, “This launch offers a solution in response to demand for housing, not only in urban areas but also in coastal and rural regions. With the support of WEGE and DEX’s construction technology, along with WIKA Realty as the first developer to build Netro in its real estate projects, we are confident that we can meet market needs with the highest quality. This will help promote massive energy efficiency and raise awareness of a sustainable Net-Zero lifestyle.”

As a pioneer in sustainable development, WEGE is committed to providing innovative homes that focus on energy efficiency and improve people’s quality of life. Netro serves to meet the needs of society across all segments, including developers and real estate companies (B2B), by providing homes that are quick and easy to build, structurally robust, cost-effective in operational expenses, and in line with sustainable principles.

“The fulfilment of Greenship Net-Zero criteria in Netro Products provides a solid and objective basis to meet Green Finance requirements set by banks. We anticipate a major shift in the banking industry towards Green Finance, including KPR Hijau, Green Loan, and similar financial products,” said Iwan Prajitno, President Director of DEX.

Products such as Netro are a compelling solution to smart, high-quality, and sustainable homes to help with Indonesia’s housing backlog. We believe that every citizen is entitled to at least one modest, high-quality home.

Netro’s Outstanding Features as an Eco-Friendly Home

Netro is an eco-friendly home, equipped with exceptional features designed to reduce energy consumption and achieve Net-Zero. It achieves natural thermal comfort, and its modular system allows faster construction times. The key benefits in favour of Netro House as an ideal choice for future housing are as follows:

1. Growth Enable Modular System – Expandable Modular Homes

Netro is an industrial-based housing system. This ensures that the product and its components are tried, tested, and meets all required standards. As most of the production processes are done in factories, procurement and construction on-site is significantly faster than conventional construction methods. Netro’s on-site installation process is quick and generates minimum waste, significantly reducing its environmental footprint. Netro is designed to enable expansion without major interruption to its occupants’ daily activities – thanks to systematic design and clear identification of additional required components.

2. High Albedo Roof – Reflective Roofing for Thermal Comfort

Netro’s high albedo roof reflects sunlight and minimises heat absorption. This helps maintain a cooler home temperature without excessive reliance on air conditioning.

3. Louvre Window & Operable Window – Maximising Air Circulation

Netro incorporates louvre windows and operable windows, designed to optimise natural airflow inside the house. These features enable cross-ventilation, creating a naturally cooler indoor environment, which minimizes the need for air conditioning and improves indoor air quality.

4. Inner Court – A Green Oasis Within the Home

The inner court is a multifunctional green area that provides a natural living experience indoors. More than just an aesthetic feature, this space serves as a central airflow hub, allowing fresh air to circulate throughout the house, creating a cooler and more refreshing environment, and providing comfort for its occupants.

5. Permeable Wall – Better Air Circulation

Permeable wall is incorporated to allow free airflow, enabling smoother air ventilation and helping to remove heat from inside the house.

6. Drywall with Insulation – Fast and Efficient Construction

Walls are sandwiched with thermal insulators to enable faster construction time. In addition, drywall helps to reduce heat absorption from sunlight and maintain stable indoor temperature.

7. Photovoltaic (PV) – Self-Sufficient Energy and Net-Zero Emissions

Netro can be equipped with a photovoltaic (PV) cell so the house can generate its own electricity. Using this technology, houses achieve net-zero energy, reduce its dependence on conventional electricity, and contribute to environmental sustainability.

8. Smart Wall – Smart Energy Monitoring

Netro features the Smart Wall, a central control system showing real-time data on household electricity consumption, energy generated from solar PV, and indoor air quality. With this feature, occupants can control their energy consumption effectively. Additionally, the post-occupancy evaluation and Net-Zero certification process can be conducted online automatically.

With a combination of innovative technology and sustainable design, Netro provides an energy-efficient, cosy, and environmentally friendly home, an ideal solution for those seeking modern living that fulfils their goals of improved well-being and minimal environmental effect.

PT Wijaya Karya Bangunan Gedung Tbk [IDX: WEGE]

Contact:
Purba Yudha Tama
Corporate Secretary
PT Wijaya Karya Bangunan Gedung Tbk.
Hp. 081317925577
Tel: +6221 8 85908862 / 85909003
Fax: +6221 86904146
Email: corsec@wikagedung.co.id 

The PropertyGuru Asia Awards Malaysia in Partnership with iProperty return with 23 new categories in 2025

The PropertyGuru Asia Awards Malaysia in partnership with iProperty return for their 12th edition in 2025 with more categories than ever before.

Part of the PropertyGuru Asia Property Awards series, which marks its historic 20th edition in 2025, the enhanced awards programme will recognise excellence in property development and design throughout Malaysia. Supported by the country’s leading property portals, PropertyGuru.com.my and iProperty.com.my, the awards are expected to set new benchmarks for the property sector nationwide.

Key dates for the 2025 edition are as follows:

  • 30 May 2025 – Entries Close
  • 17-29 June 2025 – People’s Choice Awards Voting Period
  • 1-3 July 2025 – Live Judging Days
  • 9 October 2025 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia
  • 12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand  

Expanding award categories

With the continued expansion of the real estate market, the PropertyGuru Asia Awards Malaysia in partnership with iProperty are launching a total of 132 categories in 2025. These categories were officially unveiled during launch events in Johor Bahru on 24 February 2025 and in Kuala Lumpur on 26 February 2025, attended by industry stakeholders ranging from company representatives to judges and customers.

This year’s edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty also launched from Johor Bahru on 24 February

This year’s edition introduces nine new awards recognising outstanding landed and high-rise developments in the Central, Northern, and Southern regions of Malaysia. These are Best Ultra Luxury Landed Development (Central); Best Ultra Luxury Landed Development (Northern); Best Ultra Luxury Landed Development (Southern); Best Mid End Landed Development (Central); Best Mid End Landed Development (Northern); Best Mid End Landed Development (Southern); Best Ultra Luxury High-Rise Development (Central); Best Ultra Luxury High-Rise Development (Northern); and Best Ultra Luxury High-Rise Development (Southern).

Seven new categories will honour residential projects across all regions of Malaysia: Best Townhouse Development; Best Completed Mixed Use Development; Best Oceanview High-Rise Development; Best Oceanview Landed Development; Best Serviced Apartment Development; and Best Heritage Development.

Two new categories will recognise outstanding commercial projects throughout the country: Best Lifestyle Commercial Development and Best Nature Integrated Development.

Finally, six design categories have been introduced to celebrate excellence in architecture and interior aesthetics: Best Townhouse Architectural Design; Best Townhouse Interior Design; Best Sales Gallery Design; Best Retail Interior Design; Best Office Architectural Design; and Best Townhouse Landscape Design.

The expansion of categories builds on the success of the ESG Developer Awards introduced at the 2024 awards, reinforcing PropertyGuru’s support for sustainable development. These special awards will return this year and recognise five champions in ESG initiatives.

Ongoing, meaningful change

Datuk Ar. Ezumi Harzani Ismail, president of the Malaysian Institute of Architects (PAM) 2020-2022 and chairperson of the judging panel, said: “The quality of last year’s award winners reflected ongoing, meaningful change within Malaysia’s property sector and highlights our market’s ability to adapt and elevate standards. Participating in the awards is essential for developers as it not only establishes higher benchmarks in real estate development and design but also promotes healthy competition as well as collaborative innovation. Ultimately, our industry benefits by guiding consumers toward affordable and aspirational built spaces.”

Led by Datuk Ar. Ezumi Harzani Ismail, a 14-member panel of specialists will assess entries and select winners during the Live Judging Days In July 2025. The panel of judges comprise diverse experts including town planners, ESG consultants, valuers, engineers, property managers, architects, designers, and legal experts.

Various developers and customers join the launch of the awards in Kuala Lumpur

As the official supervisor of the awards, HLB Ler Lum Chew – HLB Malaysia, part of “2024 Network of the Year” winner HLB International, will oversee this selection process, ensuring the credibility of the judging system.

Meanwhile, the People’s Choice Awards will empower the public to vote in June 2025 for their favourite developers based on reputation, track record, timely project delivery, and overall quality. As official balloting partner, HLB Ler Lum Chew – HLB Malaysia will verify the results of this public voting process.

All winners will be revealed during a prestigious gala dinner and awards ceremony at the St. Regis Kuala Lumpur in October 2025.

Representing Malaysia on the international stage

Major winners of the 12th PropertyGuru Asia Awards Malaysia in partnership with iProperty will represent the country on the international stage at the 20th PropertyGuru Asia Property Awards Grand Final in December 2025. Leading developers from across Asia Pacific, including those from markets such as the Middle East, Mainland China, Hong Kong, Macau, Japan, Australia, India, Sri Lanka, Cambodia, Indonesia, the Philippines, Singapore, Thailand, and Vietnam, will compete against those from Malaysia at the 2025 Grand Final.

At last year’s Grand Final, Malaysian projects earned various awards, with winners including Bangsar Heights Pavilion, Berinda Group, City Motors Group, Eupe Corporation Berhad, Gunung Impian Development Sdn Bhd, Iskandar Investment Berhad, JLand Group Sdn Bhd, Malton Berhad, Sime Darby Property Berhad, Tropicana Corporation Berhad, and Triterra Sdn Bhd.

Organised by PropertyGuru Group, the 12th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official ESG knowledge partners Green Building Index, GreenRE and Malaysia Green Building Council; official magazine Property Report by PropertyGuru; and official supervisor and balloting partner HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com/en/award/malaysia.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025. 

For more information, please visit AsiaPropertyAwards.com.

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 31 million property seekers(2) to connect with over 50,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

(1) Based on SimilarWeb data between January 2024 and June 2024.
(2) Based on Google Analytics data between January 2024 and June 2024.
(3) Based on data between April 2024 and June 2024.
(4) Based on data between January 2024 and June 2024.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com   

Media & Partnerships:
Piyachanok Raungpaka, Senior Media & Marketing Services Executive
M: +66 94 887 5163
E: piyachanok@propertyguru.com

Sales & Nominations:
June Fong, Director of Awards and Events (Malaysia)
M: +6012-6594394
E: june.fong@iproperty.com.my 

Breaking ground: Power Women lay the foundation for the real estate industry’s future

Honouring the trailblazing women who are shaping, innovating, and leading the future of real estate this Women’s Month

– The invite-only event celebrated five trailblazing women whose innovative leadership is shaping the future of real estate across Asia
– The honourees represented diverse markets, from Thailand to Indonesia, Malaysia, the Philippines, and Singapore, highlighting their unique contributions to the property sector
– The evening spotlighted women breaking barriers, pioneering sustainability, and driving transformative change in the real estate sector

This Women’s Month, PropertyGuru, Southeast Asia’s leading PropTech company, recognises women driving meaningful change in real estate. Female leaders are actively reshaping skylines and redefining possibilities in the industry.

On December 12, 2024, the “Celebrating Power Women in Real Estate” event, which followed the annual PropertyGuru Asia Real Estate Summit (ARES), paid tribute to these influential leaders. This exclusive gathering served as a testament to the resilience, vision, and impact of women in real estate.

Held at the luxurious Kandhavas Place at The Athenee Hotel, a Luxury Collection Hotel, Bangkok, the VIP Cocktail Party honoured five extraordinary women whose achievements have laid the foundation for a more inclusive industry. As we mark Women’s Month, their contributions remind us that smart, innovative women are the future of real estate.

A showcase of women who lead the way

L-R: Hari Krishnan, CEO & Managing Director, PropertyGuru Group; Jessica Bianca Sy (Philippines); Ixora Ang (Malaysia); Dora Chng (Singapore); Vivin Harsanto (Indonesia); Asst. Prof. Dr. Kessara Thanyalakpark (Thailand); Jules Kay, GM, PropertyGuru Asia Property Awards and Events

Dora Chng (Singapore)

As the Residential Director at GuocoLand, Ms. Chng has redefined the development of luxury living spaces in Singapore, shaping some of the city’s most prestigious properties. With nearly two decades of experience, she has driven the success of award-winning projects like Wallich Residence and Martin Modern, creating towering achievements in the region’s real estate landscape.

“As a leader in the real estate industry, I hope to create more opportunities for everyone across the entire spectrum,” she shared. She encourages women to seize opportunities as they come, advising, “Work hard to earn respect, enjoy the opportunities, and when they come before you, you must know when to grab them.” Beyond her own success, Ms. Chng is also passionate about mentorship, striving to foster a culture of learning, sharing, and continuous improvement within her company and across the industry.

Ixora Ang (Malaysia)

A leading lady of Malaysian real estate, Ms. Ang serves as the Managing Director for Marketing & Sales and Business Development at Tropicana Corporation. With over a decade of experience, she has brought innovation to property markets from Klang Valley to Langkawi.

“At Tropicana Corporation Berhad, one of our key mantras has always been to redefine the art of living, and this award, as well as this event, is a testament to how Tropicana feels,” she said. “A huge part of that is to redefine how we work—and that means creating space for women to take up leadership roles in the workplace.”

Her next-generation strategies serve as a blueprint for the future of real estate in Malaysia, and she champions leadership that is rooted in authenticity, bravery, and collaboration. “I live by the ABCs: Authenticity—bringing our true selves to the table and accepting others for who they are; Bravery—having the courage to take up space in a corporate environment and groom female talent; and Celebration via Collaboration—recognising that success is built together,” she emphasised.

Jessica Bianca “Jica” T. Sy (Philippines)

Ms. Sy, VP & Head of Design, Innovation, and Strategy at SMDC, has been building resilience into real estate development in the Philippines. Her work in integrating disaster risk reduction into property development has weathered storms and inspired progress.

A key voice for the Philippines at the United Nations Leaders’ Roundtables on Resilient Infrastructure Systems, she has demonstrated that her designs for change go beyond aesthetics—they are about impact and inclusion. “Allowing women to take part and take lead in projects is a huge factor in making sure that women feel empowered and can feel powerful in an industry that is typically male-dominated,” she shared. “We have seen large strides with more designers, real estate developers, and people around the industry truly supporting and being female-centric.”

Asst. Prof. Dr. Kessara Thanyalakpark (Thailand)

Dr. Kessara, Managing Director of Sena Development Public Company Limited, has been a leader in sustainable innovation, pioneering solar-powered real estate solutions in Thailand. With her unwavering focus on renewable energy, she has powered up sustainable real estate development in the kingdom while maintaining a commitment to high-quality housing. She received the 2022 Thailand Real Estate Personality of the Year award.

“It is important for all of us to try and help each other, to raise the bar for all women to see that there is no limitation on what women can do or achieve, even in an industry like ours,” she said, highlighting the importance of supporting and uplifting women in real estate.

Vivin Harsanto (Indonesia)

As Senior Director and Head of Advisory of JLL Indonesia, Ms. Harsanto has been a cornerstone of expertise for over 23 years. Her leadership in consulting has positioned her as a reliable advisor on Indonesian real estate. She also serves as the Chairperson of the independent panel of judges for the PropertyGuru Indonesia Property Awards, where she helps raise the bar for industry excellence.

“At JLL, we focus on creating equitable opportunities and fostering an inclusive environment,” she explained. “By empowering women, fostering collaboration, and providing mentorship, we not only raise the roof—we change the structure altogether.”

Celebrating women who build the future

Throughout the evening, attendees toasted to the accomplishments of these extraordinary women. The event showcased how empowerment, diversity, and inclusion work together to improve the industry.

Guests left the event with a clear takeaway: Women lead the way in shaping tomorrow’s cities.

The 2024 PropertyGuru ARES VIP Cocktail Party recognised the efforts women made in creating liveable communities, providing actionable insights, mitigating disasters and climate change, and developing sustainable, eco-friendly properties.

For more information, email ares@propertyguru.com or visit the official website: AsiaRealEstateSummit.com and AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA REAL ESTATE SUMMIT

PropertyGuru Asia Real Estate Summit (ARES) is the premier gathering of the industry’s finest minds, top-level business leaders and decision-makers. Designed to ‘educate, innovate and inspire,’ ARES focuses on advancements in property technology, green building, sustainability, diversity, inclusivity, and innovation. More than 500 registered in-person and virtual delegates, comprising real estate and proptech experts, climate heroes, sustainability champions, trendsetters, and tech startup executives from around the region and beyond participate to refresh thinking, exchange ideas and connect with peers at ARES, which features global keynotes, case studies, panel discussions, partner booths and networking lunch.

ARES is part of the exciting ‘PropertyGuru Week’ in December 2024, coinciding with the PropertyGuru Asia Property Awards Grand Final gala and presentation ceremony, which is joined by the region’s finest real estate developers and leaders, and watched by investors, agents, and consumers via livestream.

For more information, please visit: AsiaRealEstateSummit.com.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Senior Manager, Media and Marketing Services
M: +66 92 701 2510
E: nate@propertyguru.com

Piyachanok Raungpaka, Senior Media & Marketing Services Executive
M: +66 94 887 5163
E: piyachanok@propertyguru.com

Marketing:
Marco Bagna-Dulyachinda, Product Lifecycle Marketing Manager
M: +66 94 954 4154
E: marco@propertyguru.com

Sevens Atelier records profit for FY 2024, paving the way for accelerated growth and strategic expansion

Sevens Atelier Limited (the “Company” or “Sevens Atelier”, and together with its subsidiaries, the “Group”), one of the  leading players in the Design and Build industry for landed properties, has announced its financial results for the twelve months (“FY 2024”) ended 31 December 2024.

In FY 2024, the Group marked a significant milestone by delivering a net profit of S$0.31 million, following a loss of S$4.05 million in FY 2023, despite a decrease in revenue from S$14.33 million in FY 2023 to S$9.10 million in FY 2024. This achievement comes as a direct result of management’s decisive actions to optimize costs, streamline operations, and improve financial discipline.

Gross profit margins grew from 15.4% to 19.6% year-on-year, signalling the success of focused restructuring and cost management efforts. In addition, administrative expenses reduced by almost 50%, setting the foundation for sustainable, long-term growth through operating a leaner and more efficient organisation.

The Group continues to grow its reputation as the preferred choice for customers as it has accumulated an order book amounting to S$12.36 million as at 31 December 2024, positioning the Company for stronger revenue streams in the coming year. Aligned with targets of enhancing project profitability, these contracts are expected to generate higher profit margins than in previous years, reflecting a shift towards a more sustainable and profitable business model, despite challenges such as cost inflation and rising competition.

Additionally, the Group’s focus on high-quality, Design and Build solutions for landed homes in Singapore continues to set it apart from competitors. For instance, the Group’s unique flagship experience centre enhances customer engagement, contributing to increasing demand and a growing pipeline of projects.

Looking ahead, the Group is actively exploring strategic growth opportunities through mergers and acquisitions (M&A) and expansion into new business segments and geographic markets. With a favourable macroeconomic outlook, including stabilizing market demand and positive expectations on further global interest rate adjustments, the Company is well-positioned to capitalize on emerging opportunities.

The Group Operation Director, Mr. Tang Yao Zhi commented, “Achieving our first full-year profit since changing to a Design and Build player is a testament to our unwavering commitment to financial prudence and operational efficiency. Looking ahead, we are looking ahead to executing our growing orderbook, which already exceeds FY2024’s revenue.”

About Sevens Atelier Limited (SGX:5EW)

Sevens Atelier is listed on the Catalist Board of the Singapore Exchange. The Company offers full-fledged consultancy services in the Design & Build industry, including pre-leasing consultations of business spaces and pre-purchase inspections of premium landed properties in Singapore.  From consultation to completion, the Company provides turnkey services to its premium clients. Sevens Atelier is a BCA-certified solutions provider in the Design and Build arena with the goal to constantly improve and evolve. Its artisanal capabilities are a hallmark of its commitment to clients.

For all media queries, please contact:
Tang Yao Zhi
T: (+65) 8139 7777
E: yaozhi@sevensatelier.com


This press release has been reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”).  It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange“) and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.